NATIONAL UPDATES:
1.
Uttarakhand, Punjab, Tamil Nadu get new governors: President Ram Nath
Kovind has appointed Lt Gen Gurmit Singh, who retired as the deputy chief of
Army, governor of Uttarakhand, a post which fell vacant after Baby Rani Maurya
tendered her resignation. According to a Rashtrapati Bhavan communique,
President Ram Nath Kovind accepted the resignation of Maurya and appointed
Singh as the governor of the state.
Shuffling of governors:
(1) The President also appointed Banwarilal
Purohit, currently the Governor of Tamil Nadu, as the Governor of Punjab.
(2) R.N.Ravi, presently the Governor of
Nagaland, has been made the Governor of Tamil Nadu.
(3) Professor Jagdish Mukhi, Governor of
Assam is appointed to discharge the functions of the Governor of Nagaland in
addition to his own duties until regular arrangements are made.
2.
India’s 1st Emergency Landing Facility on National Highway in Rajasthan: Union Defence
Minister, Rajnath Singh and Union Highways Minister, Nitin Gadkari inaugurated
the Emergency Landing Facility on a National Highway in Rajasthan. This
emergency landing facility has been constructed on the Satta-Gandhav stretch of
National Highway (NH) 925A in Barmer, Rajasthan. This is the first time that a
national highway (NH-925) will be used for the emergency landing of IAF
aircraft. The project will cost ₹765.52 crores under the Bharatmala Pariyojana.
About the highway:
(1) The National Highways Authority of
India (NHAI) has developed a 3-km section of the Satta-Gandhav stretch of
NH-925A, as an emergency landing facility (ELF) for the IAF.
(2) It is part of a newly developed
two-lane paved shoulder of the Gagariya-Bakhasar and Satta-Gandhav section
having a total length of 196.97 km.
(3) Apart from the Emergency Landing Strip,
3 helipads (size 100 x 30 metres each) have been constructed in Kundanpura,
Singhania and Bakhasar villages in this project, according to the requirements
of the Air Force/Indian Army, which will be the basis for strengthening the
Indian Army and security network on the western international border of the
country.
3.
IIT Madras Retains Top Spot in Overall Category of NIRF India Ranking 2021: The Union Minister
of Education, Dharmendra Pradhan released the NIRF India Rankings 2021, on
September 09, 2021, through video conferencing. The NIRF India Rankings 2021 is
the sixth edition of the annual list which ranks higher educational institutions
in the country based on objective criteria to promote competitive excellence.
In Overall Winner: The Indian Institute of Technology (IIT) Madras has retained
the top spot in the overall category.
List of Winners:
1)
Overall:
Indian Institute of Technology Madras (IIT Madras)
2)
University:
Indian Institute of Science, (IISc) Bangaluru
3)
Management:
Indian Institute of Management (IIM) Ahmedabad
4)
College:
Miranda House, Delhi
5)
Pharmacy:
Jamia Hamdard, New Delhi
6)
Medical:
All India Institute of Medical Sciences (AIIMS) Delhi
7)
Engineering:
Indian Institute of Technology (IIT), Madras
8)
Architecture:
Indian Institute of Technology, Roorkee
9)
Dental:
Manipal College of Dental Sciences, Udupi
10) Law: National Law
School of India University (NLSUI), Bengaluru
11) Research Institutions:
Indian Institute of Science, (IISc) Bangalore
4.
India’s first high ash coal gasification based methanol production plant
inaugurated: India’s
first indigenously Designed High Ash Coal Gasification Based Methanol
Production Plant at Bharat Heavy Electricals Limited (BHEL) Research and
Development Centre, Hyderabad was inaugurated. The project was funded by the
Department of Science and Technology, which provided a Rs 10 crore grant, at
the initiative of NITI Aayog, PMO-India and the Ministry of Coal.
About the plant: The facility can
create 0.25 ton per day (TPD) Methanol from high ash Indian coal using a 1.2
TPD Fluidized bed gasifier. The purity of the crude methanol produced is
between 98 and 99.5 per cent.
5.
Nirlep Singh Rai is new CMD of National Fertilizers Ltd: State-owned
fertiliser firm National Fertilizers Ltd (NFL) has Nirlep Singh Rai has been
appointed as Chairman and Managing Director of the company. In a regulatory
filing, NFL informed that Nirlep Singh Rai, Director (Technical), has been
appointed as Chairman & Managing Director, on the Board of the company with
effect from the date of his assumption of charge.
Note: National Fertilizers Ltd
Headquarters: Noida; National Fertilizers Ltd Founded: 1 September 1979.
6.
Centre appoints G.S Pannu as Officiating ITAT President: The Central
Government has appointed G.S. Pannu as President of the Income Tax Appellate
Tribunal. G. S. Pannu is presently a Vice-President, ITAT, New Delhi and will
be Officiating President of ITAT with effect from September 6, 2021, till the
appointment of regular President.
Note: India’s Income Tax Appellate Tribunal
was set up on 25 January 1941.
INTERNATIONALUPDATES:
1.
Cuba becomes first country in world to begin vaccinating toddlers: Cuba became the
first country in the world to vaccinate children from the age of two against
COVID-19, using home-grown jabs not recognised by the World Health
Organisation. The communist island of 11.2 million people aims to inoculate all
its children before reopening schools that have been closed for the most part
since March 2020.
Countries such as China, the United Arab
Emirates and Venezuela have announced they plan to vaccinate younger children,
but Cuba is the first to do so. The Cuban vaccines, the first developed in
Latin America, have not undergone international, scientific peer review.
OTHER UPDATES:
BANKING AND FINANCE
1.
Govt appoints 10 merchant bankers for managing IPO of LIC: The government of
India has appointed 10 merchant bankers for managing the Initial Public
Offering of Life Insurance Corporation of India (LIC). The IPO of LIC is likely
to be launched in the January-March quarter of 2022. The role of merchant
bankers in the case of IPO is of Issue management, Promotional activities,
Credit syndication, Project counselling, and Portfolio management, etc.
The name of these merchant bankers are:
1)
Goldman
Sachs (India) Securities
2)
Citigroup
Global Markets India
3)
Nomura
Financial Advisory and Securities India
4)
SBI
Capital Market
5)
JM
Financial
6)
Axis
Capital
7)
BofA
Securities
8)
JP
Morgan India
9)
ICICI
Securities
10)
Kotak
Mahindra Capital Co Ltd.
2.
Bank of Baroda’s launches digital platform ‘bob World’: Bank of Baroda has
announced the launch of its digital banking platform named ‘bob World’. The aim
of the platform is to provide all banking services under one roof. The pilot
test of the platform began on August 23, 2021. Over 220 services will be
converged into one single app, covering nearly 95 per cent of all retail
banking services, which can be accessed by customers domestically and globally.
About the app: bob World’ will offer a wide
gamut of banking products and services, to be rolled out in phases, under four
key pillars — Save, Invest, Borrow and Shop. It has also integrated e-commerce
to provide a wholesome and rewarding experience of banking and beyond, under
one roof to the customers.
Note: Bank Of Baroda Headquarters:
Vadodara, Gujarat, India; Bank Of Baroda Chairman: Hasmukh Adhia; Bank Of
Baroda MD & CEO: Sanjiv Chadha.
3.
RBI approves re-appointment of V. Vaidyanathan as MD & CEO of IDFC FIRST
Bank:
The Reserve Bank of India (RBI) has granted its approval for the re-appointment
of V. Vaidyanathan as the Managing Director & Chief Executive Officer (‘MD
& CEO’) of the IDFC First Bank. Vaidyanathan has been appointed for a
further period of three years, which will be effective from December 19, 2021.
He first took charge as the MD & CEO of IDFC FIRST Bank in December 2018, after
the merger of IDFC Bank and Capital First.
Note: IDFC First Bank Headquarters: Mumbai;
IDFC First Bank Founded: October 2015.
BUSINESS AND ECONOMY
1.
ADB approves $300 million loan to expand rural connectivity in Maharashtra: The government of
India and the Asian Development Bank (ADB) have signed a USD 300 million loan
as additional financing to scale up the improvement of rural connectivity to
help boost the rural economy in the state of Maharashtra. This is in addition
to USD 200 million financings, approved by ADB in August 2019.
The additional financing for the ongoing
Maharashtra Rural Connectivity Improvement Project will help improve an
additional 1,100 rural roads and 230 bridges for a total length of 2,900
kilometres (km) in 34 districts. The ongoing project with $200 million
financings, approved in August 2019, is already improving and maintaining the
condition and safety of 2,100 km of rural roads across Maharashtra.
Note: Maharashtra Governor: Bhagat Singh
Koshyari; Maharashtra Capital: Mumbai; Maharashtra CM: Uddhav Thackeray.
2.
ADB approves $112 million loan to improve water supply in Jharkhand: Asian Development
Bank (ADB) and the Government of India have signed a USD 112 million loan to
develop water supply infrastructure and strengthen capacities of urban local
bodies (ULBs) for improved service delivery in four towns in the state of
Jharkhand. This is the first project of ADB in the state of Jharkhand. The
project will be ADB’s first urban project in the state and help establish a
model for continuous water supply combined with policy reforms for the
sustainable operation which can be replicated by other low-income states for
providing safe drinking water to urban households as envisaged under national
Jal Jeevan Mission.
Note: President of ADB: Masatsugu Asakawa;
Headquarters: Manila, Philippines.
3.
HDFC Bank partners with NSIC to provide credit support to MSMEs: HDFC Bank has
signed a memorandum of understanding (MoU) with the National Small Industries
Corporation (NSIC) for providing credit support to the micro, small and medium
enterprise (MSME) sector. The branches of HDFC bank will extend support to the
MSME projects in the areas they are located in and to other important
industrial sectors across the country. Under this, the country’s largest
private sector bank will also provide MSMEs with a set of specially-tailored
schemes to enhance their competitiveness.
Note: Headquarters of HDFC Bank: Mumbai,
Maharashtra; MD and CEO of HDFC Bank: Sashidhar Jagdishan; The tagline of HDFC
Bank: We understand your world.
AWARDS AND HONOURS
1.
Trichy Golden Rock Workshop bags best Energy Efficient Unit Award: The Golden Rock
Railway Workshop (GOC), Tiruchchirappalli has bagged 22nd National Award for
Excellence in Energy Management from the Confederation of Indian Industry (CII)
for having adopted and implemented various energy conservation measures. GOC
Workshop is the only workshop of Indian Railways to have received the award
this year.
About the awards: The National Awards for Excellence in Energy Management is instituted by CII, to catalyze significant and innovative practices in the energy efficiency sector. CII conducts this annual event to recognize and award excellence in energy management among the industrial sector and railway workshops across the country and facilitate sharing of information on best practices & technologies.
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