National

NATIONAL

New amendments made to the Foreign Contribution (Regulation) Act, 2011

The Ministry of Home Affairs (MHA) notified that it has amended the rules governing the Foreign Contribution (Regulation) Act (FCRA), 2011.

As per the amended rules, the individuals who receive gifts up to Rs 1 lakhare not required to inform the government.

Union Minister of Science & Technology, Dr. Harsh Vardhan inaugurated NCCCR&D at IISc-Bengaluru

Union Minister of Science & Technology, Dr. Harsh Vardhan, inaugurated the National Centre for Clean Coal Research and Development (NCCCR&D) at Indian Institute of Science (IISc)- Bengaluru, Karnataka which was set up by the union government through the Department of Science & Technology (DST), in the presence of Secretary, DST ,Prof. Ashutosh Sharma and Director, IISc, Prof. Anurag Kumar.

About Ministry of Science & Technology:
 Formed: May 1971
 Constituency of Dr Harsh Vardhan: Chandni Chowk, New Delhi

EAM and MHRD launched PhD fellowship programme for ASEAN students in IITs

External Affairs Minister (EAM) of India Dr S Jaishankar and Minister of Human Resource Development (MHRD) Mr Ramesh Pokhriyal ‘Nishank’ launched the PhD (Doctor of Philosophy) fellowship programme, initially launched by the Ministry of External Affairs (MEA), in Indian Institutes of Technology (IITs) for the students from Association of Southeast Asian Nations (ASEAN). In January 2018, prime minister Modi had notified to offer 1000 integrated PhD fellowships for ASEAN students in IITs at the 25th Anniversary ASEAN-India Commemorative Summit in New Delhi.

First edition of SITMEX- Trilateral Maritime exercise of Singapore, India and Thailand of 2019 begins in Port Blair

5 day organised maiden trilateral exercise of Singapore, India and Thailand named SITMEX was commenced on September 16, 2019 at Port Blair, the capital of Andaman and Nicobar islands to strengthen the maritime relationships of the three countries and to enhance security. The maiden IN-RSN-RTN Trilateral exercise will conclude on September 20, 2019.

About IN:
♦ Founded- 5 September 1612.
♦ Motto- Shaṁ No Varunaḥ (May the Lord of the Water be auspicious unto us).
♦ Commander in Chief- President Ram NathKovind.
♦ Chief of Naval Staff- Admiral Karambir Singh.

Kerala govt and RCC jointly signs MoU with Maldives on cancer care

The govt. of Kerala and the Regional Cancer Centre (RCC) jointly signed Memorandum of Understanding(MoU) with Maldives to strengthen cancer care in the island nation by giving training to doctors.  Maldivian minister Abdulla Ameen and Kerala’s health minister KK Shylaja signed the MoU in presence of Kerala Chief Minister(CM) PinarayiVijayan.
About Kerala:

♦ Capital- Thiruvananthapuram.
♦ Governor-  Arif Mohammad Khan.
♦ Important rivers-Bharathapuzha River, ChalakkudyRiver,Neyyar River, Periyar River, Kurumali River.

Indian Railways undertakes “Massive Shramdan” drive with main focus on collection of plastic waste

The Indian Railways has once again carrying out a “Massive Shramdan” drive movement aimed at collecting plastic waste from all railway premises to create awareness for a greater impact against single-use plastic.
About Indian Railways:
♦ Founded 
: 8 May 1845

♦ Headquarters : New Delhi
♦ Union Minister: Piyush Goyal

International

INTERNATIONAL

SCO exercise “Tsentr (centre) 2019” commenced in DONGUZ Ranges, Russia

The opening ceremony of exercise “TSENTR 2019” which forms part of the Russian Armed Forces’ annual training cycle, under the Shanghai Cooperation Organisation(SCO), was conducted at the DONGUZ ranges  near Orenburg, Russia. 8 SCO member countries inclusive of Russia namely China, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, and Pakistan are participating in the exercise that will conclude on 23 September 2019. The exercise which mainly focuses on countering international terrorism, comprises of two modules where the first module focuses on counter-terror operations,defensive measures and the second module focuses on offensive operations.

Banking&Finance

BANKING & FINANCE

Indian banks’ 2018-19 savings deposits stood at Rs 39.72 lakh crore

According to the Handbook of Statistics on the Indian Economy 2018-19 released by the Reserve Bank of India (RBI) on September 15, 2019, the aggregate savings deposits in the Indian private and public sector banks (PSBs) reached Rs 39.72 lakh crore as on March 31, 2019. The foreign banks had a share of Rs 58,630 crore.

Savings deposits: The total savings deposits with commercial banks (including foreign banks) in 2018- 19 stood at Rs 40.31 lakh crore, up from Rs 36.55 lakh crore in 2017-18.

RBI allows all recurring bill payments through BBPS

The Reserve Bank of India(RBI) has extended the use of the Bharat Bill Payment System(BBPS) for all recurring(repetitive) payments such as school fees, insurance premiums and municipal taxes, Equated Monthly Installments (EMI) on a voluntary basis except for prepaid recharges to extend the scope and coverage of BBPS.
About BBPS: 
BBPS was formed in the year 2013 under the aegis of National Payments Corporation of India(NPCI) which acts as authorized Bharat Bill Payment Central Unit (BBPCU).
About RBI:
♦ Governor-  Shaktikanta Das.
♦ Headquarters- Mumbai.
♦ Founded- 1 April 1935, Kolkata.

Government exempts 2% TDS on cash payments of over Rs 1 crore made through APMCs

Finance Minister of India Smt Nirmala Sitharaman notified that 2% Tax Deducted at Source (TDS) on cash payments above Rs 1 crore made through Agricultural Produce Market Committees (APMCs) will be exempted and it is set to be effective from October 1, 2019. This is aimed to discourage cash transactions and move towards a less-cash economy.
Other announcements:
An additional 15% depreciation was declared to be allowed on motor vehicles purchased between August 23, 2019, and March 31, 2020, taking the depreciation rate to 45%.
About TDS:
It is the collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn” and “collect as it is being earned.”
About Depreciation:
Depreciation is the reduction in value of tangible fixed assets like plants and machinery, buildings, vehicles, etc due to normal usage, wear and tear, new technology or unfavourable market conditions.

Code for Responsible Lending (CRL) for the micro-credit industry launched by MFIN, Sa-Dhan and FIDC

In order to bring more transparency & address customer-centric issue, the Code for Responsible Lending (CRL) for the microcredit industry was jointly launched by Microfinance Institutions Network (MFIN), the RBI-recognised self-regulatory organization & and industry association for the microfinance industry, Sa-Dhan along with  FIDC(Finance Industry Development Council) at Sa-Dhan’s 15th Annual National Conference 2019 held in New Delhi.

ECGC introduces ‘NIRVIK’ scheme to provide 90% insurance cover on the loan amount of exporters: Piyush Goyal

The Export Credit Guarantee Corporation (ECGC) has released a new Export Credit Insurance Scheme (ECIS) called NIRVIK to ease the lending of loan to exporters so that they can get loans easily from banks. The details of the scheme were shared by Union Minister of Commerce and Industry and Railways, Piyush Goyal during a press conference at New Delhi.

About ECGC:
♦ Founded :30 July 1957
♦ Headquarters: Mumbai, Maharashtra,
♦ Chairman & MD : Geetha Muralidhar
 It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India.

Commerce Minister PiyushGoyal launched digital platforms for origin certificate issuance andsteel import monitoring system (SIMS)

The Commerce and industry minister Shri PiyushGoyal(also railway minister) launched Steel Import Monitoring System (SIMS) for obtaining steel import information by the govt and other stakeholders for efficient policy intervention. Piyush also launched a Common digital platform for electronic Certificates of Origin (CoO) issuance. This platform will act as a single access point for exporters, Free Trade Agreements(FTA)/ Preferential Trade Agreements (PTA) and others.
About Ministry of Commerce and Industry:
♦ Headquarters- New Delhi.
♦ Minister of state(MoS)- SomParkash (constituency- Hoshiarpur Lok Sabha Constituency, Punjab)
♦ Consituency of PiyushGoyal-  Maharashtra.

Wipro Infrastructure and BEML signs MoU to work together in technical sections in Bengaluru

The Public Sector Unit (PSU) Bharat Earth Movers Limited (BEML) and WiproInfrastructure Engineering (WIN) signed a Memorandum of Understanding(MoU), to work in areas such as aerospace components through special economic zone(SEZ) , industrial automation processing, 3-D printing, artificial intelligence and hydraulic system engineering. The MoU was signed in Bengaluru between DK Hota, the Chief Managing Director(CMD) of BEML and Pratik Kumar, Chief Executive Officer of WIN.

Sports

SPORTS

Novak Djokovic passes Jimmy Connors for fourth place in the all-time list of most weeks in top spot in ATP Rankings

Serbian professional tennis player, Novak Djokovic has started his 269th week at No. 1 in the ATP Rankings 2019 and surpassed Jimmy Connors (268 weeks) of United States (US) for 4th  place in the all-time list of most weeks in top spot.

Roger Federer of Switzerland (310 weeks) got the top spot in the latest list followed by Pete Sampras(286 weeks) of US.

Czech tennis player Karolina Pliskova beats Petra Martic winning the 15th WTA singles career title at 2019 Zhengzhou Open in China

World no.2 Czech tennis player Karolina Pliskova won her career 15th WTA (Women’s Tennis Association) title by defeating Croatia’s Petra Martic at the 6th edition of the 2019 Zhengzhou Open at Zhongyuan Tennis training base management Center, China. The prize money of the event that was held from September 9-15 was $1,000,000.

Miscellaneous

AWARDS & RECOGNITIONS

Overview of 71st Primetime Creative Arts Emmy Awards for 2019

The 71st annual Primetime Creative Arts Emmy Awards ceremony for 2019 was held over two nights on September 14- 15, 2019 at the Microsoft Theater in Los Angeles, United States. They were presented in technical and acting categories. They were given away before 71st Emmy Awards (Primetime Emmy Awards) scheduled to be held on September 22, 2019.

Home Box Office’s (HBO) Game of Thrones received 10 awards at Creative Arts Emmy Awards 2019.

Bangladesh PM Sheikh Hasina was conferred 2019  DrKalamSmriti International Excellence Award in Dhaka

Bangladesh Prime Minister(PM) Sheik Hasina was awarded DrKalamSmriti International Excellence Award for the year 2019 in Dhaka, Bangladesh. She was awarded by T.P. Sreenivasan, Chief Adviser of the DrKalamSmriti International Advisory Council former ambassador , for her contribution in holding a healthy relation between India and Bangladesh,International peace and cooperation. With this award, Hasina has so far received 37 international accolades.
DrKalamSmriti International Excellence Award:

This award is constituted in memory of Dr. APJ Abdul Kalam, the eminent scientist and former president of India. The award honours statesmen or leaders having shown excellence in respective fields in achieving the best for their countries. Constituted since 2015, the prestigious award was previously received by Presidents of the Maldives, Ghana and Mauritius.
Trophy:  The trophy of the award is created in wood and brass by renowned sculptor of Kerala, KanayiKunhiraman.
About Bangladesh:
♦ Capital- Dhaka.
♦ Currency- Bangladeshi taka.

Raghu Rai becomes first recipient of inaugural 2019 “Acadmie des beaux-arts Photography Award – William Klein”

Renowned Indian photographer Raghu Raiwas chosen as the first recipient of the inaugural  “Acadmie des beaux-arts Photography Award – William Klein” for the year 2019 and will be awarded in the Palais de l’Institut de France on October 30. The award is named in honour of William Klein, the American born French photographer and filmmaker. The award, which will be conducted once in every two years alternating with Photography Prize Marc Ladreit de Lacharrière, will reward the photographer of all nationalities and ages for their entire career in photography. The award carries a monetary prize of 1,20,000 euros.

APPOINTMENTS

Wing Commander Anjali Singh becomes India’s first female military diplomat to join Indian Mission in Russia

Wing Commander Anjali Singh became India’s first female military diplomat posted in an Indian mission abroad after joining the Indian Embassy in Russia as Deputy Air Attache(air force officer involved in diplomatic operations). She previously served the Indian Air Force (IAF) for17 years as an Aeronautical Engineer(AE) and is also trained on MiG-29 aircraft.

SCIENCE & TECHNOLOGY

Air-to-Air missile Astra successfully flight tested by IAF from Su-30 MKI from the Bay of Bengal off the coast of Odisha

The Indian Air Force (IAF) successfully flight-tested air-to-air missile Astra from Su-30 MKI as a part of user trials from the Bay of Bengal off the coast of Odisha. It is India’s first air-to-air missile which is engaged accurately with the live aerial target demonstrating its capability.

Astra, beyond-visual-range missile, is capable of engaging targets of different ranges and altitudes including long-range and short-range targets.

DRDO presents war gaming software to the Indian Navy at ISSA Delhi

The Defence Research and Development Organisation(DRDO) handed over New-Generation Wargaming Software to the Indian Navy with the aim of enabling Maritime Warfare Centres (MWCs) and train using the latest technologies. The software was handed over by DRDO chairman and defence secretary G. Satheesh Reddy to G Ashok Kumar, the Vice Chief of Naval staff at the Institute for Systems Studies and Analysis (ISSA), Delhi.The software is developed by DRDO’s laboratory- ISSA (Delhi), in collaboration with MWC of Visakhapatnam, Andhra Pradesh.

Indian Air Force gets first shipment of new version of Israeli Guided Bomb Spice 2000

The Indian Air Force (IAF) has received the first consignment of the upgraded version of the Guided Bomb Spice-2000 with Mark 84 warheads and bombs from Israel at the Gwalior air base, Madhya Pradesh.The bombs are being given to India under a contract worth about Rs 300 crore signed between India and Israel in June 2019.
About IAF:
♦ Headquarters: New Delhi
♦ Founded: 8 October 1932
♦ Motto:Touch the sky with glory
♦ Chief of the Air Staff (CAS) : Birender Singh Dhanoa
About Israel:
♦ Prime minister: Benjamin Netanyahu
♦ Capital: Jerusalem
♦ Currency: Israeli new shekel

Thought of the Day.

I find that all the people I meet who are motivated and fired up have a great foundation at home

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