NATIONAL UPDATES:
1. 9
new Supreme Court judges, including 3 women, takes oath: Nine new judges,
including three women, have been administered the oath of office as judges of
the Supreme Court by Chief Justice of India (CJI) NV Ramana. The strength of
the Supreme Court would go up to 33, including the CJI, out of the sanctioned
strength of 34, after the swearing-in of the nine new judges. Three out of
these nine new judges- Justice Vikram Nath and Justice BV Nagarathna and
Justice PS Narasimha- are in line to become the chief justice of India. This is
the first time that nine judges were sworn in together in the history of the
top court. Traditionally, new judges take the oath of office in the CJI’s
courtroom, but due to that Covid pandemic, the swearing-in ceremony would be
held in the auditorium of the Supreme Court’s additional building complex.
Here are the names of nine new judges of
the Supreme Court:
(1) Justice Vikram Nath: Justice Nath, who was the chief justice of
the Gujarat High Court, is in line to become the CJI upon the retirement of
sitting top court judge Justice Surya Kant in February 2027.
(2) Justice BV Nagarathna: Justice
Nagarathna was a judge of the Karnataka High Court. Justice Nagarathna is in
line to become the first woman CJI in September 2027.
(3) Justice PS Narasimha: Justice Narasimha
was a senior advocate and former additional solicitor general. Justice
Narasimha would succeed Justice Nagarathna as the CJI and would have tenure of
over six months.
(4) Justice Abhay Shreeniwas Oka: Justice
Oka was the chief justice of the Karnataka High Court).
(5) Justice Jitendra Kumar Maheshwari:
Justice Maheshwari was the chief justice of the Sikkim High Court.
(6) Justice Hima Kohli: Justice Kohli was the chief justice of the
Telangana High Court
(7) Justice CT Ravikumar: Justice Ravikumar was a judge of the Kerala
High Court
(8) Justice MM Sundresh: Justice Sundresh was a judge of the Madras
High Court
(9) Justice Bela M Trivedi: Justice Trivedi was a judge of the Gujarat
High Court
Note: 48th Chief Justice of India (CJI):
Nuthalapati Venkata Ramana; Supreme Court of India Established: 26 January
1950.
2.
PNB gives Rs 5100 cr for Ganga expressway project in UP: The work for the
ambitious Ganga expressway project received a boost when Punjab National Bank
(PNB) transferred a loan sanctioned letter of Rs 5100 crores to the Uttar
Pradesh government for the project. The 594 km expressway will be the longest
in North India and the second longest in the country. The estimated cost of the
project is Rs 36,230 crore. The Ganga Expressway would become the backbone of
the state’s economy. The project will connect Meerut in west Uttar Pradesh with
Prayagraj in the east. Travelling time from Lucknow to Meerut will decrease to
five hours and 6.5 hours from Prayagraj to Meerut through the Ganga Expressway.
3. TN
Governor Banwarilal Purohit gets additional charge of Punjab, Chandigarh: Tamil Nadu Governor
Banwarilal Purohit has been given the additional charge of Punjab and the Union
Territory of Chandigarh. Earlier, V P Singh Badnore was the Governor of Punjab
and the Administrator of Chandigarh. The President has also appointed Purohit
as the Administrator of Chandigarh, in addition to his duties as the Governor
of Punjab. Traditionally, Punjab Governor has functioned as the Administrator
of Chandigarh.
4.
Adidas roped Mirabai Chanu for its ‘Stay in Play’ campaign: Adidas has roped in
Tokyo Olympic Silver-medalist Mirabai Chanu as the face of its ‘‘Stay in Play”
campaign for its latest product innovation designed to keep more menstruating
women in sports. The new TechFit Period Proof tights, featuring an absorbent
layer to help protect against leaks when worn with a tampon or pad. Such
innovations showcase Adidas’ commitment to encourage and support women in
sport. Adidas found that teenage girls are dropping out of sport at an alarming
rate, with one of the key reasons being fear of period leakage.
Note: Adidas Founder: Adolf Dassler; Adidas
Founded: 18 August 1949; Adidas Headquarters: Herzogenaurach, Germany; Adidas
CEO: Kasper Rorsted.
INTERNATIONALUPDATES:
1.
India Hosts 8th Meeting of Agricultural Experts of BIMSTEC Countries: India hosted the
8th Meeting of Agriculture Experts of Bay of Bengal Initiative for
Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Countries through
video conferencing. The meeting was chaired by Dr Trilochan Mohapatra,
Secretary, Department of Agricultural Research & Education & Director
General of ICAR. BIMSTEC comprise of seven Member States including five from
South Asia (Bangladesh, Bhutan, India, Nepal, Sri Lanka), and two from
Southeast Asia, including Myanmar and Thailand.
During this meet, Chairman highlighted the
UN Food System Summit 2021 and transformational aspects that are happening
across agriculture and food systems globally. The BIMSTEC Member States also appreciated
the greater engagement of India in offering six slots of scholarships for
Master and PhD programmes in agriculture and other initiatives for capacity
development & training.
About the BIMSTEC: BIMSTEC was
founded in 1997 with the objective of pursuing mutual trade, connectivity &
cultural, technical & economic development in the region. It earlier
included six sectors viz., technology, trade, energy, transport, fisheries, and
tourism. Sectors were later expanded to 14 areas of cooperation. Agriculture is
one among the 14 sectors.
2.
World Coconut Day: 2nd September: World Coconut Day is observed on September
02 every year since 2009. It is observed for promoting this tropical fruit and
bringing awareness regarding its health benefits. The theme of World Coconut
Day 2021 is ‘Building a Safe Inclusive Resilient and Sustainable Coconut
Community Amid COVID-19 Pandemic & Beyond’. The WCD also commemorates the
formation of the Asian Pacific Coconut Community (APCC), which aims to promote,
coordinate and harmonize all activities of the coconut industry.
OTHER UPDATES:
SPORTS
1.
Indian cricketer Stuart Binny announces retirement: Indian
all-rounder cricketer, Stuart Binny has announced his retirement from all forms
of cricket on August 30, 2021. He had represented Team India in six Tests, 14
ODIs and three T20Is, scoring a total of 459 runs and 24 wickets. Binny is the
son of Roger Binny, a former India selector who was part of the 1983 world cup
winning squad. In the Indian Premier League, he played for the Rajasthan
Royals. Binny holds the record of the best bowling figures in ODI format. He
produced a sensational spell taking 6/4 in just 4.4 overs as India bowled out Bangladesh
for 58 after having themselves being shot out for 105 in a low-scoring affair.
2.
Paralympics 2020: Yogesh Kathuniya wins silver in discus throw: India’s discus
thrower Yogesh Kathuniya has clinched the silver medal at the ongoing Tokyo
Paralympics in the men’s Discus Throw F56 final event. Yogesh claimed the
second spot with a throw of 44.38m. Batista dos Santos from Brazil won gold,
setting a Paralympic record with a throw of 45.59m. L. Diaz Aldana from Cuba
bagged bronze.
BANKING AND FINANCE
1.
SBI opened a floating ATM on Dal Lake in J&K’s Srinagar: State Bank of India
has opened a floating ATM on a Houseboat at Dal Lake in Jammu and Kashmir’s
Srinagar for the convenience of locals and tourists. The floating ATM was
inaugurated by SBI Chairman Dinesh Khare. This is not the first time that SBI
has launched a floating ATM as back in 2004, the bank took this initiative in
Kerala. The SBI installed a floating ATM at Jhankar yacht, which operates
between Ernakulum and Vaypeyan region, owned by Kerala Shipping and Inland
Navigation Corporation (KSINC).
The SBI’s floating ATM was commissioned by
Ashok K., Deputy Managing Director of Mumbai Corporate Center, launched by
Kinney. The State Bank of India is the nation’s largest commercial bank, in
terms of assets, deposits, customers, branches and employees. The bank has the
largest network of 22,224 branches and 63,906 ATM / CDM in India with 71,705 BC
outlets.
Note: SBI Chairperson: Dinesh Kumar Khara;
SBI Headquarters: Mumbai; SBI Founded: 1 July 1955.
BUSINESS AND ECONOMY
1.
PhonePe receives direct broking licence from IRDAI: Flipkart-owned
digital payments platform PhonePe has received an insurance broking licence
from the Insurance Regulatory and Development Authority of India (IRDAI). This
means that with the new ‘direct broking’ licence, PhonePe can now distribute
insurance products from all insurance companies in India, on its platform.
Earlier in January 2020, PhonePe entered the insurtech sector, but with a
limited insurance ‘corporate agent’ licence, which restricted it to partner
with only three insurance companies per category. Prior to getting a broking
licence, PhonePe, from January 2020, operated as a corporate agent and launched
several offerings across general insurance, term insurance and health
insurance. However, as a corporate agent, it was only restricted to partner
with three insurance companies per category.
Note: CEO of Phonepe: Sameer Nigam; Headquarters
location of Phonepe: Bengaluru, Karnataka.
2.
Rajnish Kumar appointed as independent director of HSBC Asia: The former State
Bank of India (SBI) chairman, Rajnish Kumar has been appointed as an
independent director of the Hongkong and Shanghai Banking Corporation (HSBC)
Asia entity on August 30, 2021. He has also been appointed as a member of the
Audit Committee and Risk Committee of the company.
Mr Rajnish Kumar retired as SBI Chairman in
October 2020 after a 40-year career at the SBI. His international tenure
included stints at SBI’s UK and Canada operations. Kumar is also currently a
director of India’s Lighthouse Communities Foundation, an independent director
of Larsen & Toubro Infotech, a senior advisor of Baring Private Equity Asia
Pte. Ltd in Singapore and an advisor of Kotak Investment Advisors Ltd in
Mumbai.
Note: HSBC CEO: Peter Wong; HSBC Founder:
Thomas Sutherland; HSBC Founded: March 1865.
DEFENCE
1.
India Conducts Maritime Partnership Exercise with Algerian Navy: The Indian Naval
Ship, INS Tabar, is on her goodwill visit to the number of ports in Africa and
Europe since June 2021 till September 2021. As a part of this visit, INS Tabar
took part in the Maiden Maritime Partnership Exercise with Algerian Navy, off
the Algerian coast, in the Mediterranean Sea. The Algerian Naval Ship ANS
Ezzadjer participated in the exercise.
The objective of the exercise: The objective of
the exercise was to enhance interoperability, understand the concept of
operations followed by each other, and opened the possibility of increasing
interaction and collaboration between the two navies in the future. INS Tabar
is a Talwar-class stealth Frigate built in Russia for the Indian Navy. The ship
is a part of the Indian Navy’s Western Fleet, based in Mumbai.
Note: Algeria Capital: Algiers; Algeria
Currency: Algerian dinar; Algeria President: Abdelmadjid Tebboune.
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