1. PM
Modi to Attend 9th BRICS Summit in China
i. Prime
Minister Narendra Modi will attend the 9th BRICS Summit, Xiamen in
China’s Fujian province during 3rd to 5th of September. Subsequently,
the Prime Minister will pay a State visit to Myanmar from September 5th to 7th.
ii. This
will be Prime Minister Modi’s first bilateral State visit to Myanmar.
2. First
Synergy Conference on Defence Pension
i. The
Defence Accounts Department (DAD) organized its first Synergy
Conference on Defence Pensions in New Delhi. The objective of the conference
was to obtain feedback from the pensioners that would help the department to
serve them better with constantly improving systems and procedures.
ii. The
panel formed to interact with the pensioners was headed by Addl. CGDA
Shri Upendra Sah.
3. Shri
Rajnath Singh Inaugurates "YUVA – A Skill Development Program"
i. The
Union Home Minister Shri Rajnath Singh inaugurated the YUVA – a skill
development program. It is an initiative by Delhi Police under
Pradhan Mantri Kaushal Vikas Yojana.
ii. Delhi
Police has tied up with National Skill Development Corporation (NSDC) and
Confederation of Indian Industry (CII) for providing mass job linked skill
training for the selected youth.
4. Fourth
Session of the India-Tanzania Joint Trade Committee
i. The
Fourth Session of the India-Tanzania Joint Trade Committee (JTC) meeting
was held in New Delhi. The Indian delegation was led by Minister of State for
Commerce and Industry Ms. Nirmala Sitharaman and Tanzanian
delegation was led by the Minister of Industry, Trade, and Investment Mr.
Charles John Mwijage.
ii. With
an investment of US $ 2.2 billion, Tanzania is among the top 5 investment
destinations for India.
5. BSE
Board Approved Another 5-year Term for Ashish Chauhan as CEO
i. Top
stock exchange BSE's board has approved another five-year term
for its chief Ashish Chauhan. Chauhan has joined BSE as deputy chief
executive officer (CEO) in 2009. He was made MD and CEO for a period of five
years with effect from November 2, 2012.
ii. Mr.
Chauhan will be BSE's Managing Director and CEO until November 1, 2022.
6. Indian
Hotels Company Appoints Puneet Chhatwal as MD and CEO
i. Tata
group hospitality firm Indian Hotels Company Ltd (IHCL) has appointed
Duetsche Hospitality chief executive Puneet Chhatwal as its Managing
Director (MD) and Chief Executive Officer (CEO).
ii. He
will take over from incumbent Rakesh Sarna, who is stepping down on 30
September. Before he joined IHCL, Sarna was the group president - Americas of
Hyatt Hotels Corporation.
7. Sri
Lankan Selection Committee Headed By Sanath Jayasuriya Resigns
i. The
Sanath Jayasuriya-led Sri Lankan cricket selection panel has stepped down in
the wake of the country’s horrible performance against India.
ii. Sri
Lanka suffered 3-0 defeat in the Test series and have already lost the
five-match ODI series against Virat Kohli’s Indian cricket team. Sri Lanka
Cricket vice-president Mohan de Silva has confirmed that Sanath Jayasuriya’s
panel has indeed stepped down.
8. ICEX
Launches World’s First Diamond Futures Contracts
i. The
Indian Commodity Exchange (ICEX) launched the world's first
diamond futures contracts to provide exporters with a hedging tool.
India is a global diamond polishing hub where 14 out of every 15 rough diamonds
in the world are polished.
ii. At
the launch, the first diamond contract for delivery in November was traded at
Rs 3,279/cent. With over 103 registered members so far, ICEX has launched 1 ct
diamond futures contract for delivery in November.
9. IAEA
Opens Atomic Fuel Reserve in Kazakhstan
i. The
International Atomic Energy Agency (IAEA) decided to open the Low
Enriched Uranium Bank in Kazakhstan. The IAEA opened the bank to
ensure the supply of nuclear fuel in the event of disruption due to political
or market problems.
ii. The
reserve opened will store 90 tons of Low-Enriched Uranium (LEU), the essential
ingredient needed to make the fuel for light-water nuclear reactors, which
generate electricity.
10. YouTube
Changes its Logo for the First Time
i.
Google-owned YouTube has refreshed its iconic logo and
introduced some major design changes to its desktop and mobile apps.
ii. Unlike
minor tweaks, this is the biggest change the YouTube logo has received
over the years. The logo ditches the red color inside the
"Tube" part of the name and places the now familiar play icon to the
left side of the YouTube name.
11. Canara
HSBC Oriental Life Launched ‘PoS’ product
i. Canara
HSBC Oriental Bank of Commerce Life Insurance Company (CHOICE) has
come up with a ‘Point-of-Sale’ product targeted at the mass-market segment. The
product- ‘PoS - Easy Bima Plan’ is the first PoS
product for the company and is a pure term insurance plan.
ii. While
this product has initially been launched through a regional rural bank of
Canara Bank, it would be available in the bank branches of Canara Bank and
Oriental Bank of Commerce (OBC) in the next two months.
12. Freyr
Energy Ties up With Axis Bank
i. Solar
energy services company Freyr Energy has tied up with Axis
Bank to offer term loans ranging from Rs 5 lakh to Rs 50 lakh for
tenures up to five years, for solar rooftop installations in Telangana and
Andhra Pradesh.
ii. The
loans will be given to MSMEs and self-employed individuals to install Freyr
rooftop solar plants for industrial and commercial purposes.
13. NITI
Aayog Announced Winners of the Women Transforming India Awards 2017
i. NITI
Aayog, in partnership with MyGov and the United Nations, announced
the winners of the Women Transforming India Awards, 2017. Launched
on International Women’s Day on 8 March, the contest aimed to gather lesser-own
stories of women leading change.
ii. Honourable Minister for Textiles and Information and Broadcasting,
Smriti Irani has awarded top 12 winners, honoring their courage and
role in transforming societies.
Top 6
Contestants-
- Laxmi Agarwal- a champion of violence against women.
- Safeena Husain- working for girls’ education in India’s most backward districts.
- Kamal Kumbhar- enabling women like herself to realize their dreams of a brighter tomorrow.
- Subasini Mistry- working for two decades to build a hospital for the needy.
- Arunima Sinha- Is the first female amputee to scale the highest mountain in the world.
- Jamuna Tudu- has conserved 50 hectares of forest land around her village in Jharkhand
iii. Other
6 runner ups are- Rajlakshmi Borthakur, Harshini Kanhekar, Sunita Kamble, Kiran
Kanojia, Shima Modak and Kanika Tekriwal.
14. GST
Collection for First Month at Rs 92,283 Crore
i. The goods
and services tax, GST, launched on 1 July, has got off to a good
start, with collections exceeding the revenue target for the first month.
According to the Finance Minister Arun Jaitley, taxes worth Rs 92,283
crore were collected in July from just 64.42 per cent of the total
taxpayer base.
ii. The
finance minister added that even after the compensation cess is excluded, the
target will still be surpassed when all taxpayers file returns.
15. Narendra
Modi inaugurated Rs15,000-crore worth road projects in Rajasthan
i. Prime
Minister Narendra Modi along with Union minister for road transport
and highways Nitin Gadkari inaugurated highway and road projects worth Rs15,000
crore for the state in Udaipur, Rajasthan.
ii. He
has also inaugurated Chambal bridge in Kota. Modi inaugurated 12 national
highways projects worth Rs5,610 crore and laid foundation stones for 11
projects worth Rs9,490 crore.
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