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1st 2-day MOVE: Global Mobility Summit 2018 organized by NITI Aayog held in New Delhi
i. On September 7, 2018, Prime Minister Narendra Modi inaugurated MOVE: India’s ever first Global Mobility Summit organized by NITI Aayog at Vigyan Bhawan in New Delhi.
ii. The summit focused on five themes: electrification, alternative fuels, reinventing public transport, goods transport and logistics through data analytics.
ii. From 31 August to 6 September 2018, NITI Aayog Vice Chairman Dr.Rajiv Kumar, and Chief Executive Officer Shri. Amitabh Kant, started the ‘Mobility Week’ .
iii. Focus would be given on ‘Clean Kilometers’ and he declared the 7Cs of future mobility. They are:
iv. On September 7, 2018, during the Global Mobility Summit, PM Modi met the global leaders of companies like Toyota, SAIC Motor Corporation Shanghai, Bosch, ABB Limited, Hyundai Motor Company, Ford Smart Mobility LLC and Uber Aviation…………………………..Click here to Read more
2-day 4thWorld Summit on Accreditation (WOSA-2018) inaugurated by HRD minister Shri Prakash Javadekar
On September 7, 2018, Union Minister for HRD Shri Prakash Javadekar inaugurated 2-day 4th World Summit on Accreditation (WOSA-2018) organized by NBA in New Delhi .
To encourage ‘Ratings and Rankings’ for educational institutions.
i. The theme of WOSA 2018 was “CHALLENGES AND OPPORTUNITIES IN OUTCOME BASED ACCREDITATION”.
ii. Government will increase the strength of NBA and NAAC so that more number of institutions can be accredited.
iii. The summit focused on the following:
- Achieving Excellence through Learning Outcomes,
- Role of Industry in Technical Education,
- Ranking and Rating of Higher Education Institutions for Quality improvement,
- Linking Government Funding with Quality and
- Use of ICT in Accreditation in Large Jurisdictions.
The National Board of Accreditation (NBA) is an autonomous organisation under Ministry of Human Resource Development that assesses the programs offered by the professional and technical institutions in India through accreditation.
About WOSA 2018:
♦ World Summit on Accreditation (WOSA) is a biennial Summit organised by NBA, which provides platform to stakeholders to share their knowledge and information on accreditation.
♦ Earlier, three Summits in 2012, 2014 and 2016 were organized.
‘Mobilise Your City’ agreement signed by India and France for urban planning
On September 9, 2018, India and France have signed an implementation agreement on “MOBILISE YOUR CITY” (MYC) to reduce their Green House Gas (GHG) emissions.
It aims at implementing sustainable urban planning
i. It was signed between:
Shri Mukund Kumar Sinha, OSD & Ex-Officio Joint Secretary, M/o Housing and Urban Affairs for India, and
Shri Nicolas Fornage, Regional Director, Agence Française de Développement (AfD).
ii. It would support three pilot cities viz. Nagpur, Kochi and Ahmedabad in the following ways:
- Planning and implementation of sustainable urban transport projects,
- Strengthening institutional capacity for planning urban mobility and
- Learning and exchanging formats with other cities across India for exchanges on best practices.
iii. This will help in implementing urban mobility plans at local level and help India at national level to improve their sustainable transport policy.
About Mobilise Your City (MYC):
i. It is an initiative supported by the French and the German Governments .
ii. According to this, the European Union agreed to provide funds of Euro 3.5 million through the AFD to provide investments and technical assistance within the Mobilise Your City (MYC) programme in India.
iii. Launched in 2015.
♦ Capital: Paris.
♦ Currency: Euro.
♦ President: Emmanuel Macron.
♦ Prime Minister: Edouard Philippe.
♦ Paris: City of Lights, City of Love.
Panel of secretaries into look e-commerce issues chaired by Secretary of DIPP.
On September 9, 2018, government set up a panel of secretaries for the 2nd draft e-commerce policy.
i. This would be chaired by Secretary of Department of Industrial Policy and Promotion (DIPP): Ramesh Abhishek.
ii. The other members of the group include: secretaries of the ministry of electronics and information technology, department of commerce, representatives of NITI Aayog and department of economic affairs.
iii. It would revisit the initial draft of e-commerce that states the following:
- Storing user data exclusively in India in view of security and privacy concerns by online retailers,
- Introduction of a pre-set timeframe for offering differential pricing or deep discounts,
- Permitting 49 per cent FDI.
Union Commerce and Industry Ministry:
♦ Union Minister: Shri. Suresh Prabhu.
♦ Minister of State: Shri. C. R. Chaudhary.
Hazratganj Chauraha of Lucknow to be renamed as Atal Chowk after former PM
On September 9, 2018, the Lucknow Municipal Corporation in its meeting decided to rename the Hazratganj Chauraha-the city’s biggest intersection, as ‘Atal Chowk’ after former Prime Minister Atal Bihari Vajpayee.
i. It is also referred as ‘the heart of the city’.
ii. Along with this a memorial for the late veteran leader would also be made named: “Atal Smriti Upvan”.
iii. It will house his statue along with his 51 poems, speeches and other memorabilia.
BANKING & FINANCE
RBI announced amendments to Reserve Bank of India (Note Refund) Rules, 2009
On September 9, 2018, RBI in its official notice announced the amended Reserve Bank of India (Note Refund) Rules, 2009.
i. The amended act has been named: The Reserve Bank of India (Note Refund) Amendment Rules, 2018.
ii. It directed all branches of banks to exchange mutilated / defective notes of various denominations.
iii. This includes the denomination of Rs.10, Rs. 20, Rs. 50, Rs. 100, Rs.200, Rs. 500 and Rs.2000 of the Mahatma Gandhi (New) series.
iv. These changes have been made effective from September 6, 2018.
v. It changed the sub-rule 1 and 2 of rule 8 of Reserve Bank of India (Note Refund) Rules, 2009.
vi. According to the latest changes:
- Value of the mutilated note of less than50 rupees denomination will be refunded in full if the undivided area is of the range 31-47% of the note.
- Value of the mutilated note greater than equals to 50 rupees denomination would have to either be refunded in:
- Half if the undivided area of single largest piece is 40% (round off) and
- Full if the undivided area of single largest piece is 80% (round off).
This decision was taken by the provision to section 28 read with sub-section (1) and clause (q) of sub-section (2) of section 58 of the Reserve Bank of India Act, 1934.
♦ Headquarters: Mumbai.
♦ 24th Governor: Dr. Urjit Patel.
♦ 4 Deputy Governors: Shri N. S. Vishwanathan, Dr. Viral V. Acharya, Shri B.P. Kanungo, Shri Mahesh Kumar Jain.
AWARDS & RECOGNITION
39th ‘Sarala Puraskar’ award to be given to Odia poet Satrughna Pandav for his poetry collection ‘Misra Dhrupad’
On September 9, 2018, the Sarala Puraskar Committee announced that it would honor noted Odia Poet Sri Satrughna Pandav with the 39th ‘Sarala Puraskar’ award at a special function on 26th October, 2018.
Eminent novelist of India, Sri Govind Mishra will be the Chief Guest of the Sarala Award function.
i. He has been chosen for this honor for his poetry collection ‘Misra Dhrupad’.
ii. This award consists of a cash award of Rs. 5,00,000/- along with a citation.
iii. Other than that, other awardees are:
- Pandeet Umesh Chandra Karto be awarded ‘ Ila Panda Sangeet Samman’ in the field of music and art.
- Sri Binod Moharanawill receive ‘Ila Panda Chitrakala Samman’.
iv. Both of them belong to the field of music and art and they will each receive a cash award of Rs. 1,50,000/- and citations.
About ‘Sarala Puraskar’ award:
♦ It was instituted by eminent Odia industrialist Late Dr. Bansidhar Panda and Late Mrs. Ila Pnada in the year 1979.
♦ It is awarded by Indian Metals Public Charitable Trust( IMPaCT).
♦ It aims to recognize and glorify Odia literature.
♦ Other related award given by IMPaCT is: The Ekalavya Award for young talents.
APPOINTMENTS & RESIGNS
HDFC Life’s MD Amitabh Chaudhry appointed the new CEO & MD of Axis Bank
On September 9, 2018, Amitabh Chaudhry, 54, current MD of HDFC Standard Life takes charge as the new CEO and MD of Axis Bank.
i. He will replace Shikha Sharma the current MD & CEO who will leave office on December 31.
ii. He will take over as MD & CEO for 3 years from January 1, 2019 till December 31, 2021.
iii. He has been associated with HDFC Standard Life since January 2010 and had held senior management positions in Bank of America, Calyon Bank and Infosys BPO.
i. On December 2017, Axis bank board had decided to reappoint Sharma as the MD & CEO, for a period of three years, till June 2021.
ii. RBI’s disapproval over her re-appointment caused her to step down from her position.
♦ Headquarters: Mumbai.
♦ Director: Shri. S. Vishvanathan.
HDFC Standard Life Insurance:
♦ Headquarters: Mumbai.
♦ Non-Executive Chairman: Mr. Deepak S Parekh.
♦ Related News of HDFC: HDFC Banks’s Deputy MD : Paresh Sukthankar resigned on August 10, 2018.
SCIENCE & TECHNOLOGY
ISRO unveiled space suit, crew model for Gaganyaan Mission 2022
On September 9, 2018, Indian Space Research Organisation (ISRO) displayed a space suit developed by the agency at the launch of the sixth edition of Bengaluru Space Expo.
i. It is an orange-coloured prototype space suit developed at Vikram Sarabhai Space Centre in Thiruvananthapuram.
ii. It can hold one oxygen cylinder, allowing an astronaut to breathe in space for 60 minutes.
iii. It is a part of ISRO’s Gaganyaan Mission of 2022 involving 3 astronauts.
iv. Along with this, ISRO displayed the crew model and the crew escape model.
v. It has a thermal shield and the temperature inside the capsule will be 25 degrees Celsius.
About Gaganyaan Mission:
i. They will be living for five to seven days in a 400-km orbit from the Earth’s surface as they would conduct micro-gravity experiments.
ii. The capsule will rotate around the Earth every 90 minutes and astronauts will be able to witness sunrise and sunset.
iii. The three astronauts will be able to see India from space twice every 24 hours.
♦ Headquarters: Bengaluru.
♦ Director: K. Sivan.
Eight avian species declared “extinct” in this decade: BirdLife International
On September 9, 2018, according to a new study by BirdLife International, 8 avian species was declared “extinct” in this decade.
i. The study was led by Chief Scientist, Stuart Butchart.
ii. It was carried out to analyse 51 Critically Endangered birds six statistical methods to assign to the IUCN Red List Category to determine which of them qualify as ‘potentially extinct’ and ‘extinct’.
iii. 5 of the 8 confirmed or suspected extinctions were from the South American mainland due to deforestation resulting in habitat loss.
iv. The species include:
- The Pernambuco pygmy owl, Glaucidium mooreorum, of Brazil.
- the glaucous macaw, Anodorhynchus glaucus (last seen in 1998), and Spix’s (little blue) macaw, Cyanopsitta spixii, of South America has been declared extinct.
- New Caledonian lorikeet, Charmosyna diadema of New Caledonia.
- the Alagoas foliage-gleaner, the cinnamon-colored cryptic treehunter, Cichlocolaptes mazarbarnetti of Brazil
- the poo-ulialso known as the black-faced honeycreeper
- The Java lapwing, Vanellus macropterus, of Java.
v. The study also cites reasons for the 187 extinctions that have occurred since documentation of species began back in the 1500s.
♦ Headquarters: Cambridge, UK.
♦ Founded: 1922.
♦ Formerly called: International Council for Bird Preservation.
Headquarters: Gland , Switzerland
India Blue defeated India Red and won 57th Duleep Trophy
On September 9, 2018,India Blue defeated India Red team in the final to win the Duleep Trophy at NPR College ground in Dindigul.
i. They won by an innings and 187 runs.
ii. Himachal Pradesh batsman Nikhil Gangta was named the Man of the Match.
Duleep Trophy 2018-19:
i. It was the 57th season of the Duleep Trophy, a first-class cricket tournament in India.
ii. It took place in NPR College ground in Dindigul from August to September 2018.
iii. There were 3 participants : India Red, India Blue and India Green.
iv. India Red were the defending champions.
v. 4 matches were played : 3 round robins and 1 finals.
vi. Administrator of the Duleep Trophy was : BCCI.
About the Trophy:
♦ It was named after Kumar Shri Duleepsinhji of Nawanagar (also known as “Duleep”).
♦ First tournament was held in 1961-62.
♦ Since 2016-17 it has been played by teams chosen by BCCI selectors representing geographical zones of India.