Current Affairs Current Affairs September 2018

 Prime Minister Narendra Modi, his Bangladesh counterpart Sheikh Hasina, and Chief Ministers of West Bengal Mamata Banerjee and Tripura Biplab Kumar Deb jointly inaugurated three projects in Bangladesh via video conferencing.  These include: 
  • 1. 500 MW additional power supply from India to Bangladesh, 
  • 2. Akhaura – Agartala Rail Link, and 
  • 3. Rehabilitation of the Kulaura-Shahbazpur section of Bangladesh Railways. 
Akhaura-Agartala rail project is about 12 km long of which 5.5 km would be laid in India while 6.5 km would be in Bangladesh. The total cost of the project would be about 960 crore rupees. The Agartala-Akhaura rail project is part of India's $4.5 billion third line of credit extended to Bangladesh for its infrastructure and social sector development.
Source- AIR World Service

 In a move aimed at creating a payments acceptance network for unorganized retail including small merchants and kirana stores where consumers can make payments, India Post Payments Bank (IPPB) has partnered with Financial Software and Systems (FSS). FSS a payments technology company to ensure that micro-merchants are able to accept payments over any channel – online, unified payments interface (UPI), quick-response (QR) codes, Aadhaar and IPPB accounts. FSS will also provide merchant management and settlement solutions including on-boarding fee calculation, reconciliation and settlement. 
Source- The Livemint

  Best-selling author Preeti Shenoy announced the launch of her new book, ‘The Rule Breakers’. The book claims to explore complex themes of women’s equality, gender, and inclusion among others. The novel set in the ’90s is the story of Veda, who harbours big dreams, but finds herself trapped in an arranged marriage and realizes that her opinions in real life don’t matter. 
Source- Dailyhunt.in

 The Reserve Bank of India has released new guidelines through a gazette notification for all notes which wereintroduced post note ban, or notes which were introduced as part of the Mahatma Gandhi New Series. With this, the RBI has ended the lack of clarity over the exchange of the Rs 2000 or Rs 200 currency notes, introduced post demonetisation. Till now, there were clear rules for the value of soiled, damaged or mutilated Rs 5, 10, 20, 50, 100 and 500 notes, but the public was facing problems with the exchange of damaged Rs 200 and Rs 2000 notes as the rules for their exchange were yet to be amended.  The Reserve Bank of India (Note Refund) Rules earlier only specified currency notes of Rs 5, Rs 10, Rs 50, Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000 denomination. The Rs 2000 and Rs 200 (issued in November 2016 and September 2017 respectively) could not be governed by the old rules due to their difference in size. As per the new Reserve Bank of India (Note Refund) Amendment Rules, 2018, "the undivided area of the single largest piece of the note" for a damaged Rs 2000 note must be 88 square cm for a full refund, and 44 square cm for half refund. The Rs 2000 note is 109.56 square cm in dimension. For a damaged Rs 200 note, the criteria is 78 square cm for a full refund, and 39 square cm for half refund.
Know About Types of Notes:  
  • 1. Government note:  means any note issued by the Central Government or supplied by the Central Government to the Bank and issued by the Bank, provided the liability for the payment of the value in respect of such note has devolved on and been taken over by the Bank.
  • 2. Imperfect note: means any note, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated note.
  • 3. Mutilated note: means a note of which a portion is missing or which is composed of more than two pieces.
  • 4. Mismatched Note: means a mutilated note which has been formed by joining a half note of any one note to a half note of another note.
  • 5. Soiled Note: means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note, and form the entire note.
Source- The Hindu Business Line

 India and France have signed an implementation agreement on 'Mobilise Your City' (MYC) in the presence of Minister of State (I/C), Ministry of Housing & Urban Affairs (MoHUA) Hardeep Singh Puri and Alexander Ziegler, Ambassador of France in India. Mobilise Your City (MYC) is part of an international initiative which is supported by the French and the German Governments and was launched at 21st Conference of Parties (COP21) meeting. Based on a proposal made by AFD in 2015, the European Union has agreed to provide funds of Euro 3.5 million through the AFD to contribute to specific investments and technical assistance components within the Mobilise Your City (MYC) programme in India. 
Source- Press Information Bureau (PIB)

 Jack Ma, the charismatic co-founder of China's largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept 10, 2019. Current Alibaba Chief Executive Daniel Zhang will replace him as chairman, while Ma will complete his current term on Alibaba's board of directors following the company's annual general meeting in 2020. 
Source- The Hindu Business Line

 The Union Government has announced that the treatment of childhood cancer will be covered under Pradhan Mantri Jan Arogya Yojana. The information was shared by NITI Aayog member Vinod Kumar Paul, while speaking at a function in New Delh. The child cancer will be treated under the Ayushman Bharat scheme and the rate in this regard has been fixed. According to the announcement made, 1.5 lakh health and wellness centres will be opened across India by 2022 under the scheme. The centres will provide comprehensive health care for diseases like diabetes, cancer, hypertension and cardiovascular diseases. 
Source- The Indian Express

 Actress Aishwarya Rai was honoured with the Meryl Streep Award for Excellence at the Women in Film and Television (WIFT) India Award. The ceremony was established to honour the best female talent in Bollywood and Hollywood. WIFT India is part of WIFT International, a network which promotes professional development and achievement for women in the film industry, video, and other screen-based media. 
Source- Hindustan Times

 In the US Open Tennis, Novak Djokovic of Serbia won the Men’s singles final. He defeated Juan Martin del Potro of Argentina in straight sets. It was Djokovic’s 14th Grand Slam title and the third US Open title. With this win, he has equalled Pete Sampras’s mark of 14 Grand Slams. He is now just three Slams behind Rafael Nadal and six back from the record 20 held by Roger Federer. Argentine third seed Del Potro had been seeking first Grand Slam title since 2009. 
Source- AIR World Service

 Triple jumper Arpinder Singh has created history by becoming the first Indian to win a medal in the IAAF Continental Cup. At Ostrava in the Czech Republic, he clinched a bronze. The 25-year-old Arpinder was representing the Asia-Pacific team in the meet, held once every four years. No Indian has ever won a medal in the Continental Cup which was known as the IAAF World Cup before 2010. Two top athletes from the four regions of Europe, Americas, Africa and Asia-Pacific were taking part in each of the 36 events in men and women sections taken together. Reigning Olympic and world champion Christian Taylor of the United States took the gold with a jump of 17.59 metres.
Source- AIR World Service


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