Current Affairs September 2015 - Competitive Exams - GK Power Capsule September 2015 Part 2

51. Prime Minister Narendra Modi released digital recordings of epic Ramcharitmanas, as a set of digital CDs produced by All India Radio (AIR).

52. Thiru Onam (Thiruvonam) festival, the most auspicious day of the Onam, was celebrated with traditional gaiety on 28 August 2015 in Kerala.
53. Cabinet Committee on Security approved the deal to buy 37 military helicopters from the United States (US). The deal is worth 3.1 billion US dollars. The deal of 37 helicopters comprises of 22
Apache attack helicopters and 15 Chinook heavy-lift choppers from US defence contractor Boeing.
54. India-Maldives joint military training Exercise EKUVERIN 2015 was held in Trivandrum, Kerala.
55. Indian and Australian Navy Bilateral Maritime Exercise AUSINDEX-15 kicked off the East Coast of India.
56. „Jaisalmer War Museum‟ established in the Military Station of Jaisalmer, Rajasthan was inaugurated.
57. Agriculture Division of National Institution for Transforming India (NITI) Aayog in the fourth week of September 2015 constituted an Expert Group on Land Leasing. The expert group will be headed by T Haque.
58. The Union Ministry of Water Resources constituted a seven-member committee headed by Mihir Shah to advise it on restructuring the Central Water Commission.
59. The book titled Two Years Eight Months and Twenty Eight Nights authored by the British Indian novelist Salman Rushdie was released.
60. The book titled To the Brink and Back: India's 1991 Story was written by former Union Environment and Forest Minister (Independent Charge) Jairam Ramesh.
61. The book 30 Women in Power: Their Voices, Their Stories was in news in August 2015. It was written and edited by Naina Lal Kidwai.
62. The Ministry of External Affairs appointed new Indian envoys. Navtej Sarna will be the new High Commissioner to the United Kingdom. Gautam Bambawale will take over as High Commissioner to Pakistan. Syed Akbaruddin will be the next Permanent Representative of India to the United Nations, New York. Vijay Gokhale will be the Ambasador to China. Anil Wadhwa will be the new Ambassador to Rome. Pankaj Saran will be next Ambassador of Moscow. Harsh V Shringla will be High Commissioner to Bangladesh. Sujan Chinoy will be the Ambassador to Japan.
63. Prime Minister Narendra Modi gave its green signal for setting up of Indian Sign Language Research and Training Centre (ISLRTC).
64. The Department of Electronics and Information Technology (DeitY) released the Draft National Encryption Policy. The purpose of the policy is to encourage use of encryption technologies and products among governmental agencies, businesses and citizens for more secure communications and financial transactions in the cyber space.
65. To transform the lives of people living in the areas which are affected directly or indirectly by mining, the Union Government launched the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY).
66. The Union Government banned the Naga rebel group National Socialist Council of Nagaland- Khaplang (NSCN-K) for five years.
67. Union Cabinet chaired by Prime Minister Narendra Modi approved the Shyama Prasad Mukherji Rurban Mission (SPMRM). The Mission approved with an outlay of 5142.08 crore rupees is a bid to transform rural areas to economically, socially and physically sustainable spaces. The mission aims to create 300 Rurban growth clusters over the next 3 years, across the country.
68. United Nations General Assembly unanimously adopted a document for reform of the UN Security Council (UNSC).
69. The Union Government approved the purchase of 10 Heron TP drones from Israel. This 400 million US dollars proposal for buying armed missile-armed drones from Israel will enhance India's cross-border military strike capability.
70. The Union Cabinet gave its approval for the Constitution of the 21st Law Commission of India. It was headed by Justice Ajit Prakash Shah.
71. The West Central Railway became the first railway zone in the country to eliminate all Unmanned Level Crossings.
72. The Union Ministry of Urban Development gave approval for Smart National Common Mobility Card (NCMC) model for seamless travel across India. The model will enable commuters to travel by different metros and other transport systems across the country besides retail shopping and
purchases. It is based on EMV Open Loop Card system with stored value model. The National Payments Corporation of India (NPCI) will be involved in indigenous development and management of Clearing and Settlement of payments.
73. The Supreme Court stayed the Rajasthan High Court judgment that banned Santhara ritual of Jainism. Santhara is a voluntary religious practice of facing death at the end of one's life.
74. Union Government launched a scheme named SAHAJ for online release of new LPG connections for the consumers. At present, the scheme will be available in 13 cities.
75. RBI MoU with the Nepal Rastra Bank on Supervisory Cooperation and Exchange of Supervisory Information.
76. The Global Investors Meet held in Tamil Nadu to woo investors to invest in the state.
77. Union Cabinet approved 6 percent hike in Dearness Allowance to Central Government employees.
78. The Union Cabinet approved 100 percent Foreign Direct Investment (FDI) in white label Automated Teller Machines (WLAs).
79. The Union Cabinet gave nod to transfer regulatory authority on potable alcohol to state governments.
80. The Union Cabinet approved introduction of Gold Monetization Schemes. The objective of this scheme is to mobilize the gold held by households and institutions in the country and to reduce reliance on import of gold to meet the domestic demand. The minimum quantity of gold that a customer can bring is proposed to be set at 30 grams. The bank will pay interest to the depositor after 30/60 days of opening of the account. The amount of interest rate to be given is proposed to be left to the banks to decide. Both principal and interest to be paid to the depositors will be valued in gold. The deposits can be made for a short-term period of 1-3 years (with a roll out in multiples of one year); a medium-term period of 5-7 years and a long-term period, of 12-15 years (as decided from time to time). The depositor will have the option of redemption either in cash or in gold, which will have to be exercised at the time of deposit. Similar to the Gold Deposit Scheme (1999), in which the customers received Capital Gains Tax, Wealth tax and Income Tax  exemptions, the depositors of GMS also will receive similar benefits.
81. The Union Cabinet gave its approval for the Sovereign Gold Bonds Scheme. Bonds will be issued on payment of money and would be linked to the price of gold. The sell would be restricted to resident Indian entities and each entity cannot buy more than 500 grams per person per year. The bonds will be issued in denominations of 2, 5 and 10 grams of gold or other denominations. The bonds will be issued with a nominal rate of interest (which will be linked to international rate for gold borrowing) as decided by the government. The rate of interest on the bonds will be payable in terms of grams of gold. On maturity, the investor receives the equivalent of the face value of gold in rupee terms. Bonds will be issued on behalf of the Government of India by the Reserve Bank of India (RBI). The bond will be marketed through post offices. Capital gains tax treatment will be the same as for physical gold. The tenor of the bond could be for a minimum of 5 to 7 years.
82. Union Government notified the merger of commodities market regulator Forward Markets Commission (FMC) with Securities and Exchange Board of India (SEBI). Its merging will be effective from 28 September 2015.
83. The Reserve Bank of India (RBI) on 1 September 2015 proposed a new methodology to calculate Base Rate (Base Rate). It is based on marginal cost of funds methodology. The new methodology is aimed at bringing uniformity among BRs of banks so that they will be more sensitive to any changes in policy rates of the RBI. At present, banks are following different methodologies in computing their BR like on the basis of average cost of funds, marginal cost of funds or blended cost of funds (liabilities).
84. RBI declared State Bank of India and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). As a result, SBI has been put under Bucket 3 with additional Common Equity Tier 1 (CET1) requirements as a percentage of Risk Weighted Assets (RWAs) placed at 0.6percent. On the other hand, ICICI Bank has been put under Bucket 1 with additional CET1 requirements as a percentage of RWAs placed at 0.2 percent. As part of the framework, D-SIBs were placed in four buckets which will be required to have additional Common Equity Tier 1 capital requirement
ranging from 0.20% to 0.80% of risk weighted assets. The additional CET1 requirements applicable to D-SIBs will become effective from 1 April 2016 in a phased manner and would become fully effective from 1 April 2019.
85. Central Statistical Office (CSO) released the estimates of Gross Domestic Product (GDP) for the April-June quarter of 2015. As per the estimates, India grew by 7 percent during the first quarter of the 2015-16 financial year.
86. Bandhan Financial Services, a Micro Financial Institution (MFI), on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB). The banking services were inaugurated by the Union Finance Minister Arun Jaitley in Kolkata.
87. The first conference on the contemporary relevance of the Bhagvad Gita was held in London, United Kingdom.
88. Michel Kafando was reinstated as the president of Burkina Faso.
89. The 9th Regional Pravasi Bharatiya Diwas (RPBD) will be held at Los Angeles, California, USA from 14 November to 15 November 2015.
90. Nepal on 20 September 2015 adopted its first democratically-framed constitution with the promulgation of the charter by the president Ram Baran Yadav.
91. India and Laos signed two Memoranda of Understanding to strengthen bilateral ties between the two nations.
92. The 4th meeting of the India-Kuwait Joint Working Group on Hydrocarbons was held on 16 September 2015 in New Delhi.
93. India and Cambodia signed two MoUs on Tourism and Mekong-Ganga Cooperation Initiative.
94. India and Sri Lanka exchanged four agreements in various fields including medicare facilities.
95. Malcolm Turnbull was sworn in as the 29th Prime Minister of Australia.
96. United Nations General Assembly on 11 September 2015 adopted the resolutions that proclaims 9 December as International Day of Commemoration & Dignity of the Victims of the Crime of Genocide and of the Prevention of this Crime.
97. Director-Generals (DGs) of Border Security Force (BSF) and Pakistan Rangers held the Bi-annual talks in New Delhi.
98. India and Indonesia signed a pact for repatriation of wanted prisoners and cooperation in all criminal matters including gathering evidence.
99. Supreme Court of Pakistan ordered immediate adoption of Urdu as official language of the country.

100. The G20 grouping launched the W20 (Women20) in Ankara, Turkey. The focus of the W20 is to enhance the role of women in business.


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