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Weekly Current Affairs 26th to 31st of August 2019
Mega Merger of Public Sector Banks
Union Finance Minister Nirmala Sitharaman has announced a big consolidation of public sector banks. Under the scheme of amalgamation, 10 public sector banks are to be merged into four banks. After the amalgamation, the total number of Public Sector Banks in the country will come down to 12 from 27 banks in 2017.
The amalgamation of banks will be in the following manner:
Punjab National Bank, Oriental Bank of Commerce and United Bank of India to be merged into one single bank, with business of Rs 7.95 trillion to make India’s 2nd largest bank. Canara Bank and Syndicate Bank are to be merged to become the 4th largest public sector bank with business of Rs 15.2 lakh crore.
Union Bank of India, Andhra Bank and Corporation Bank are to be merged to become the 5th largest public sector bank with business of Rs 14.6 lakh crore.
Indian Bank will be merged with Allahabad Bank to become the 7th largest public sector bank with business of Rs 8.08 lakh crore.
The government has also announced capital infusion of over Rs 55,000 crore into public sector banks:
PNB (Rs 16,000 crore), Union Bank of India (Rs 11,700 crore), Bank of Baroda (Rs 7000 crore), Indian Bank (Rs 2500 crore), Indian Overseas Bank (Rs 3800 crore), Central Bank (Rs 3300 crore), UCO Bank (Rs 2100 crore), United Bank (Rs 1600 crore) and Punjab and Sind Bank (Rs 750 crore).
State coordinator of the National Register of Citizens, Prateek Hajela has released the most awaited Assam’s final National Register of Citizens list. The list has been made accessible online and at all NRC seva kendras in the state. The process of NRC Update was started in the state of Assam as per order of the Supreme Court of India in 2013. The NRC took five years and Rs 1,220 crore before getting published.
Important findings of the NRC:
From the 3.29 crore applicants, a total of 3.11 crore people have been found eligible for inclusion in final NRC list.
19.06 lakh people have been excluded from the final NRC list.
Those excluded from the final NRC list will have 120 days to approach the Foreigners’ Tribunals. If a person is dissatisfied with the tribunal’s decision, he/she can appeal against it.
Foreigners tribunals is a place where bona fide citizens, whose names do not figure in the final NRC, can approach to challenge their exclusion.
To accommodate excluded people, detention camps have been set up across the state of Assam.
The NRC list is the biggest exercise India has undertaken to expel illegal immigrants residing illegally in India. The updation process of NRC was carried out under The Citizenship Act, 1955, and according to the rules framed in the Assam Accord.
Prime Minister of India Narendra Modi has launched the RuPay card, making the UAE the first country in the Middle East to initiate the Indian indigenous system of electronic payment.
National Centre for Avian Ecotoxicology as inaugurated at Salim Ali Centre for Ornithology and Natural Sciences (SACON) in Coimbatore, Tamil Nadu. The centre would study the movement of environmental contaminants such as pesticides, heavy metals etc.
Union Health Minister Harsh Vardhan inaugurated FSSAI’s National Food Laboratory (NFL) in Ghaziabad on the occasion of 13th anniversary of the Food Safety and Standards Act, 2006.
Human Resource Development Ministry has launched the National Digital Library of India project to develop a framework of virtual repository of learning resources with a single-window search facility.
Mobile application “Janaushadhi Sugam” was launched. It will enable people to search for Janaushadhi generic medicines and the stores at the tip of their fingers.
On the occasion of National Sports Day, Prime Minister Narendra Modi has launched the Fit India Movement which aims to motivate every Indian to incorporate simple, easy ways of staying fit in their everyday life.
India has become the first country in the world to issue Biometric Seafarer Identity Document (BSID), capturing the facial biometric data of seafarers.
The Union Environment Ministry has transferred Rs 47,436 crore to 27 States for afforestation. The amount has been released from the Compensatory Afforestation Fund. Union Human Resource Development Minister launched one of the world’s largest Integrated Online Junction for School Education ‘Shagun’ in New Delhi.
States in the News
Bollywood actor Shah Rukh Khan launched heritage postal stamp of Bandra station in Mumbai, Maharashtra on the completion of 150 years of the railway station.
Lieutenant Governor of Delhi Anil Baijal launched a ‘QR Code Scheme‘ on the Himmat Plus app in Delhi. This mobile app launched by the Delhi Police to ensure the safety of women.
Tamil Nadu government launched its exclusive 24×7 education channel ‘Kalvi Tholaikkatchi’ (Education TV). The Maharashtra cabinet has cleared the “vertical property rules” to create a database of all flats, buildings and commercial complexes. The “vertical property rules” would prevent property-related frauds.
Tamil Nadu’s Dindigul locks and Kandangi sarees have received Geographical Indication (GI) tags.
Chief Minister of Meghalaya launched the ‘Walk to Work’ campaign in the state. The campaign is a part of Fit India Movement
The Uttarakhand government has decided to form a Special Tiger Force for Corbett Tiger Reserve.
Johnson & Johnson has been ordered to pay $572 million
for Opioid addiction crisis in the US.
Indian Institute of Technology, Delhi has partnered with Denmark-based firm to start DESMI Centre of Excellence on Waste-to-Wealth at IIT-Delhi.
The Department of Social Justice signed an MoU with the National AIDS Control Organization (NACO) to enhance outreach on AIDS prevention, address the risk of HIV transmission among all substance users.
Small Industries Development Bank of India (SIDBI) has partnered with Incuspaze Solutions Private Limited (Incuspaze) to open a first-of-its-kind co-working space
named @Workspaze, exclusively designed for MSMEs and startups.
The Indian School of Business (ISB) and Microsoft India announced a new partnership to take forward their shared vision for an AI-empowered India.
India Meteorological Department (IMD) signed a Memorandum of Understanding (MoU) with the Indian Navy to hand over Cyclone Detection Radar (CDR) building to naval forces for meteorological purposes. The building is set to be utilised by Indian Naval Meteorological Analysis Centre (INMAC).
Government e-Marketplace has signed an MoU with Small Industries Development Bank of India. The MoU aims to benefit MSMEs, women entrepreneurs, Self Help Groups The Steel Users Federation of India has signed an MoU with the Bombay Stock Exchange to launch trading in steel futures.
IIT Guwahati has signed a Memorandum of Understanding (MoU) with RD Grow Green India Pvt for Technology transfer for safer drinking water.
The Central TB Division of the Health Ministry has signed an MoU with Wadhwani Institute for Artificial Intelligence, to explore the application of cutting-edge Artificial Intelligence technology in its fight against TB.
Books and Authors
The book titled as “Big Billion Startup: The Untold Flipkart Story” is written by Mihir Dalal and will be published by “Pan Macmillan India”.
A new book titled “Obama: The Call of History” written by
Peter Baker has been released.
Bandhan Bank launched a co-branded credit card in association with Standard Chartered bank.
Public sector Bank, Indian Bank signed a Memorandum of Understanding (MoU) with Tata AIG General Insurance. The MoU offers the latter’s diverse range of general
insurance policies benefiting the bank’s customers by way of protection, wealth creation and savings
The Reserve Bank of India has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government as per the recommendations of Bimal Jalan Panel on Economic Capital Framework of RBI.
Canara Bank has launched India’s first OTP facility for ATM withdrawals. OTP facility will be provided on cash withdrawals of above Rs 10,000 in a day.
Indian Bank has opened MSME CPC (centralised processing centre) in Chennai with an aim to give a boost to the bank’s MSME portfolio.
India Ratings and Research has revised its projection of India’s GDP growth in the financial year 2019-20 to 6.7%.
Digital payments company Paytm has appointed ex- Goldman executive Amit Nayyar as president in the financial services business of the company.
Senior diplomat Pavan Kapoor has been appointed as India’s Ambassador to the United Arab Emirates by the Ministry of External Affairs. He will replace Navdeep Suri.
Public Enterprises Selection Board (PESB) has selected
Pramod Agarwal as the next chairman of Coal India. Former human rights lawyer Lionel Aingimea won the presidential election of the pacific nation Nauru by defeating his rival David Adeang by 12-6 votes.
The Appointments Committee of the Cabinet headed by Prime Minister has approved the extension of the tenure of CBDT Chairman Pramod Chander Mody.
ICRA Ltd ousted its Managing Director and group Chief Executive Officer Naresh Takkar.
The Appointments Committee of the Cabinet has approved the appointment of P.K. Sinha as “Officer on Special Duty” in the office of the Prime Minister.
An Indo-Israel joint venture’s “Astra Rafael Communication System” was inaugurated in Hyderabad. The Joint Venture is between Astra Microwave and Israel’s Rafael Advanced Defense Systems.
Indian Air Force’s Wing Commander Shalija Dhami has become the first female officer in the country to become Flight Commander of a flying unit.
Awards and Recognitions
Prabhakar Singh, Director General, Central Public Works Department has been chosen for the ‘Eminent Engineer Award for the Year 2019’.
Tenzing Norgay National Adventure Award 2018 announced to recognize the achievements of persons in the fields of adventure, to encourage young people to develop the spirit of endurance, risk-taking, cooperative teamwork and quick, ready and effective reflexes in challenging situations. The award has been given in the following categories: Aparna Kumar, Shri Dipankar Ghosh, Shri Manikandan K (Land Adventure), Prabhat Raju Koli (Water Adventure), RameshwerJangra (Air Adventure), Wangchuk Sherpa (Life Time Achievement)
Indian documentary film “I’m Jeeja“, directed by Swati Chakraborty, has won the award in the ‘Under 30 minute’ category at the 14th edition of the ‘We Care Film Festival on Disability Issues‘.
Former Manchester United forward player Eric Cantona will be honoured with the 2019 UEFA President’s Award. ONGC’s CMD Shashi Shanker was honoured with the Distinguished Fellowship of the Institute of Directors (IOD) 2019. The theme of ceremony was ‘Future Boards: Leading Strategy to Embrace Sustainability‘.
Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), has been conferred the prestigious SKOCH Governance Gold Award for its initiative “Portal for Affordable Credit and Interest Subvention Access (PAiSA)”
Maitri Mobile app clinched the bronze medal at the Technovation Challenge. It is the world’s largest technology and entrepreneurship programme for girls, held in San Francisco, US.
Summit and Conference
The Group of 7 or G7 Summit has begun in Biarritz, France. It is an informal meeting between France, the United States, the United Kingdom, Germany, Japan, Italy and Canada as well as the European Union. India has been invited as a special guest in the summit
The 4th edition of India’s largest confluence of digital technology, the Internet of Things (IoT) India Congress 2019 held in Bengaluru, Karnataka with the theme of ‘Mainstreaming the Internet of Things’.
The 2019 Indo Pacific Chiefs of Defence (CHOD) Conference with a theme “Collaboration in a free and Open Indo – Pacific“, will be held in Bangkok, Thailand. In this conference, India will be represented by Chairman Chiefs of Staff Committee (COSC) and Chief of the Air Staff- Air Chief Marshal Birender Singh Dhanoa.
The 7th ‘Community Radio Sammelan‘ will be held in New Delhi. The theme of this year’s Sammelan is ‘Community Radio for SDGs’.
The 12th India Security Summit was held in New Delhi. The theme of the summit was “Towards New National Cyber Security Strategy”.
Research Designs and Standards Organization organized the “Mega Vendor Meet 2019” at Lucknow.
Ranks and Reports
Hollywood star Scarlett Johansson has topped the Forbes’ list of highest-paid female actors in the world with an earning of USD 56 million.
Ace Indian shuttler PV Sindhu has won the World Championships title defeating Japan’s Nozomi Okuhara in the final at Basel, Switzerland. She has become the first Indian to book a gold medal at the World Championships. In football, Gokulam Kerala FC won the 129th Durand Cup, defeating heavyweights Mohun Bagan 2-1 at the Salt Lake Stadium in Kolkata.
Spain motorcycle racer, Alex Rins of the Team SUZUKI ECSTAR defeated Marc Marquez by 0.013 seconds to won the British Grand Prix.
India’s Komalika Bari became recurve cadet world champion at the World Archery Youth Championships in Madrid, Spain.
West Indies pacer Cecil Wright has announced his retirement from all forms of cricket at the ripe old age of 85. Indian team created history by winning one gold, one silver and two bronze medals at the world’s biggest international vocational skill competition, 45th WorldSkills Kazan 2019, Russia.
Ajantha Mendis, the mystery spinner from Sri Lanka, has announced his retirement from all forms of cricket.
Liverpool Football player Virgil van Dijk has won UEFA’s Player of the Year award and England’s footballer Lucy Bronze won the Women’s Player of the Year award.
Abhishek Verma won the gold medal and Saurabh Chaudhary won the bronze medal in the men’s 10m air pistol event of the World Cup at Rio de Janeiro. While Elavenil Valarivan opened India’s account with a gold in the women’s 10m air rifle event.
Indian sprinter VK Vismaya has won the gold medal in the 400m run at the International Athletic Meeting-Josef Seckar Memorial (MJS) in Brno, Czech Republic.
Intel Corp launched its latest processor, it’s first using artificial intelligence (AI), designed for large computing centres. The name of the chip is Nervana NNP-I or Springhill
Microsoft India launched a program ‘Digital Governance Tech Tour‘ under which it will train 5000 government employees over the next year on AI (artificial intelligence) and cloud computing skills.
United Nations observes International Day Against Nuclear Tests on 29 August every year to increase awareness and education about the effects of nuclear weapon test explosions or any other nuclear explosions
United Nations observes 30 August every year as International Day of the Victims of Enforced Disappearances to prevent enforced disappearances and bring to justice those responsible, as enforced disappearance has frequently been used as a strategy to spread terror within the society.
India’s first woman Director General of Police (DGP), Kanchan Chaudhary Bhattacharya passed away.
Naval war hero and Kirti Chakra awardee Commander Noel Kelman passed away.
Congress (MLA) from the Mukerian assembly seat in Punjab,
Rajnish Kumar Babbi passed away.
Socialist leader and former MLA of Palghar Navnitbhai Shah passed away.
Veteran Bengali actor Nimu Bhowmik passed away.
Prime Minister Narendra Modi has launched $4.2 million redevelopment project of the 200-year-old Sri Krishna temple in Manama, Bahrain.
The Union Minister for Textiles Smriti Zubin Irani has inaugurated Project SU.RE(Sustainable Resolution) which aims to move towards sustainable fashion that contributes to a clean environment.
Amazon India has launched a Military Veterans Employment programme in the country to create employment opportunities for military veterans and their spouses across the company’s fulfilment centres, sort centres and delivery centres in India.
The Delhi and District Cricket Association (DDCA) decided to rename Feroz Shah Kotla Stadium as Arun Jaitley Stadium in the memory of its former president of DDCA. The application “IndTokyo” was launched to help para- athletes to look up accessible places in Tokyo during their visit to the city for the 2020 Paralympics Games.
The Minister of State for Culture & Tourism (Independent Charge) has launched an integrated NOC online Application Processing System for National Monuments Authority in New Delhi.
Delhi government will launch mega 10-week campaign against dengue and chikungunya. The campaign has been titled as “10 Hafte, 10 Baje 10 minute Har Ravivar, Dengue Par War“.
Air India, India’s national airline, will ban the usage of single-use plastic aboard its flights from October 2, 2019.
King of Bahrain: Hamad bin Isa Al Khalifa; Capital: Manama.
Flipkart established: October 2007; Headquarter of Flipkart: Bengaluru.
Minister of State for Culture & Tourism (Independent Charge): Prahlad Singh Patel.
President of Paralympic Committee of India: Gursharan Singh.
President of Russia: Vladimir Putin; Capital of Russia: Moscow; Currency: Russian ruble.
President of France: Emmanuel Macron; Capital: Paris. Chief of the Indian Air Force: Air Chief Marshal BS
Minister of State (Independent Charge) Housing & Urban Affairs: Hardeep Singh Puri.
Central Vigilance Commissioner: Sharad Kumar.
MD & CEO of Bandhan Bank: Chandra Shekhar Ghosh.
CEO of Standard Chartered Bank: Zarin Daruwala.
Chairperson of FSSAI: Rita Teaotia; Chief Executive Officer of FSSAI: Pawan Kumar Agarwal.
Chief Minister of Tamil Nadu: Edappadi K. Palaniswami; Governor of Tamil Nadu: Banwarilal Purohit; Capital of Tamil Nadu: Chennai.
Currency of UAE: Dirham, Capital: Abu Dhabi President of DDCA: Rajat Sharma; Headquarter of DDCA: Delhi.
CEO of Amazon: Jeff Bezos; Established: 5 July 1994. Ceo of Intel: Robert H. Swan; Intel established: 18 July 1968.
Union Ministry of Information & Broadcasting: Prakash Javadekar.
Chief Minister of Karnataka: B. S. Yediyurappa; Governor of Karnataka: Vajubhai Vala; Capital of Karnataka: Bengaluru.
Edmund Percival Hillary and Nepalese Sherpa mountaineer Tenzing Norgay became the first climbers in the world who reached the summit of Mount Everest. Microsoft CEO: Satya Nadella; Established: 4 April 1975.
Founder and CEO of Incuspaze Solutions: Sanjay Choudhary.
Chairman of SIDBI: Mohammad Mustafa.
National AIDS Control Organization (NACO) was Established in 1992; Headquarters: New Delhi.
Governor of RBI: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
CEO of Indian Bank: Padmaja Chunduru.
CEO of Tata AIG General Insurance: Neelesh Garg. Union Minister of Human Resource Development: Ramesh Pokhriyal ‘Nishank’.
Headquarters of ONGC: New Delhi. Established: 14
Paytm Founder: Vijay Shekhar Sharma.
MD and CEO of Indian Bank: Padmaja Chunduru. Canara Bank Chairman: Shri. T.N. Manoharan, Headquarters: Bangalore; MD & CEO: R A Sankara Narayanan.
Tamil Nadu Capital: Chennai; Chief Minister: Edappadi
- Palaniswami; Governor of Tamil Nadu: Banwarilal Purohit.
Chief Minister of Delhi: Arvind Kejriwal.
Union Minister for Chemicals and Fertilizers: D.V. Sadananda Gowda.
Secretary General of the United Nations: Antonio Guterres; Headquarters: New York, USA; Founded: 24 October 1945.
Ministry of Electronics and Information Technology: Ravi Shankar Prasad.
Capital of Nauru: Yaren; Currency of Nauru: Australian dollar.
Headquarter of Coal India: Kolkata, West Bengal.
Union Minister of External Affairs: Subrahmanyam Jaishankar.
Chief of the Naval Staff: Admiral Karambir Singh.
Minister of State (Independent Charge) of the Ministry of Shipping: Mansukh L. Mandaviya
Chairman and MD of Air India Ltd: Ashwani Lohani. Capital of Czech Republic: Prague; Currency of Czech
Republic: Czech koruna.
Chief Minister of Assam: Sarbananda Sonowal; Capital: Dispur; Governor: Jagdish Mukhi.
Managing Director and CEO of BSE: Ashish Kumar Chauhan.
CEO of GeM: Talleen Kumar; Chairman and MD of SIDBI: Mohammad Mustafa.
Chief Minister of Maharashtra: Devendra Fadnavis; Governor: C Vidyasagar Rao.
Union HRD Minister: Ramesh Pokhriyal ‘Nishank’. Chairman of CBDT: Pramod Chander Mody.
Chief Minister of Uttarakhand: Trivendra Singh Rawat; Governor: Baby Rani Maurya.
Chief Minister of Meghalaya: Conrad K Sangma; Governor: Tathagata Roy.