i. Prime Minister Narendra Modi will attend the 9th BRICS Summit, Xiamen in China’s Fujian province during 3rd to 5th of September. Subsequently, the Prime Minister will pay a State visit to Myanmar from September 5th to 7th.
ii. This will be Prime Minister Modi’s first bilateral State visit to Myanmar.
Important Takeaways from Above News-
- The 8th BRICS Summit held on 16th October 2016 at Goa, India.
- BRICS countries include- Brazil, Russia, India, China, and South Africa.
i. The Defence Accounts Department (DAD) organized its first Synergy Conference on Defence Pensions in New Delhi. The objective of the conference was to obtain feedback from the pensioners that would help the department to serve them better with constantly improving systems and procedures.
ii. The panel formed to interact with the pensioners was headed by Addl. CGDA Shri Upendra Sah.
Important Takeaways from Above News-
- Defence Accounts Department (DAD) is one of the oldest departments under the Government of India.
- DAD is Headed by Controller General of Defence Accounts (CGDA).
i. The Union Home Minister Shri Rajnath Singh inaugurated the YUVA – a skill development program. It is an initiative by Delhi Police under Pradhan Mantri Kaushal Vikas Yojana.
Important Takeaways From Above News-
- Anil Baijal is the present Lieutenant Governor of Delhi.
i. The Fourth Session of the India-Tanzania Joint Trade Committee (JTC) meeting was held in New Delhi. The Indian delegation was led by Minister of State for Commerce and Industry Ms. Nirmala Sitharaman and Tanzanian delegation was led by the Minister of Industry, Trade, and Investment Mr. Charles John Mwijage.
ii. With an investment of US $ 2.2 billion, Tanzania is among the top 5 investment destinations for India.
Important Takeaways from Above News-
- The capital of Tanzania is Dodoma.
- John Magufuli is the Present President of Tanzania.
i. Top stock exchange BSE's board has approved another five-year term for its chief Ashish Chauhan. Chauhan has joined BSE as deputy chief executive officer (CEO) in 2009. He was made MD and CEO for a period of five years with effect from November 2, 2012.
ii. Mr. Chauhan will be BSE's Managing Director and CEO until November 1, 2022.
Important Takeaways from Above News-
- Chauhan holds a B Tech in Mechanical Engineering from IIT Bombay and a PGDM from IIM Kolkata.
- Under his leadership, the BSE set up the country's first international exchange, India International Exchange in January 2017 at Gandhinagar, GIFT City.
i. Tata group hospitality firm Indian Hotels Company Ltd (IHCL) has appointed Duetsche Hospitality chief executive Puneet Chhatwal as its Managing Director (MD) and Chief Executive Officer (CEO).
ii. He will take over from incumbent Rakesh Sarna, who is stepping down on 30 September. Before he joined IHCL, Sarna was the group president - Americas of Hyatt Hotels Corporation.
i. The Sanath Jayasuriya-led Sri Lankan cricket selection panel has stepped down in the wake of the country’s horrible performance against India.
ii. Sri Lanka suffered 3-0 defeat in the Test series and have already lost the five-match ODI series against Virat Kohli’s Indian cricket team. Sri Lanka Cricket vice-president Mohan de Silva has confirmed that Sanath Jayasuriya’s panel has indeed stepped down.
Important Takeaways from Above News-
- Dayasiri Jayasekara is the present Sports Minister of Sri Lanka.
i. The Indian Commodity Exchange (ICEX) launched the world's first diamond futures contracts to provide exporters with a hedging tool. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished.
ii. At the launch, the first diamond contract for delivery in November was traded at Rs 3,279/cent. With over 103 registered members so far, ICEX has launched 1 ct diamond futures contract for delivery in November.
Important Takeaways from Above News-
- Indian Commodity Exchange Limited is deemed recognized Stock exchange under the SCRA,1956.
- Mr. Ashok Sinha is the Chairman of Public Interest Director of ICEX.
i. The International Atomic Energy Agency (IAEA) decided to open the Low Enriched Uranium Bank in Kazakhstan. The IAEA opened the bank to ensure the supply of nuclear fuel in the event of disruption due to political or market problems.
ii. The reserve opened will store 90 tons of Low-Enriched Uranium (LEU), the essential ingredient needed to make the fuel for light-water nuclear reactors, which generate electricity.
Important Takeaways from Above News-
- The IAEA is an international organization that seeks to promote the peaceful use of nuclear energy.
- The agency was established as an autonomous organization in 1957.
- It is headquartered in Vienna.
i. Google-owned YouTube has refreshed its iconic logo and introduced some major design changes to its desktop and mobile apps.
ii. Unlike minor tweaks, this is the biggest change the YouTube logo has received over the years. The logo ditches the red color inside the "Tube" part of the name and places the now familiar play icon to the left side of the YouTube name.
Important Takeaways from Above News-
- Susan D. Wojcicki is the CEO of YouTube.
i. Canara HSBC Oriental Bank of Commerce Life Insurance Company (CHOICE) has come up with a ‘Point-of-Sale’ product targeted at the mass-market segment. The product- ‘PoS - Easy Bima Plan’ is the first PoS product for the company and is a pure term insurance plan.
ii. While this product has initially been launched through a regional rural bank of Canara Bank, it would be available in the bank branches of Canara Bank and Oriental Bank of Commerce (OBC) in the next two months.
Important Takeaways from Above News-
- Anuj Mathur is the Chief Executive Officer of the company.
- Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008.
i. Solar energy services company Freyr Energy has tied up with Axis Bank to offer term loans ranging from Rs 5 lakh to Rs 50 lakh for tenures up to five years, for solar rooftop installations in Telangana and Andhra Pradesh.
ii. The loans will be given to MSMEs and self-employed individuals to install Freyr rooftop solar plants for industrial and commercial purposes.
Important Takeaways from Above News-
- Shikha Sharma is the Managing Director & CEO of Axis Bank.
- The Headquarter of Axis bank is in Mumbai.
i. NITI Aayog, in partnership with MyGov and the United Nations, announced the winners of the Women Transforming India Awards, 2017. Launched on International Women’s Day on 8 March, the contest aimed to gather lesser-own stories of women leading change.
ii. Honourable Minister for Textiles and Information and Broadcasting, Smriti Irani has awarded top 12 winners, honoring their courage and role in transforming societies.
Top 6 Contestants-ii. Honourable Minister for Textiles and Information and Broadcasting, Smriti Irani has awarded top 12 winners, honoring their courage and role in transforming societies.
- Laxmi Agarwal- a champion of violence against women.
- Safeena Husain- working for girls’ education in India’s most backward districts.
- Kamal Kumbhar- enabling women like herself to realize their dreams of a brighter tomorrow.
- Subasini Mistry- working for two decades to build a hospital for the needy.
- Arunima Sinha- Is the first female amputee to scale the highest mountain in the world.
- Jamuna Tudu- has conserved 50 hectares of forest land around her village in Jharkhand
iii. Other 6 runner ups are- Rajlakshmi Borthakur, Harshini Kanhekar, Sunita Kamble, Kiran Kanojia, Shima Modak and Kanika Tekriwal.
Important Takeaways from Above News-
- Amitabh Kant is the CEO of NITI Aayog.
- Arvind Panagariya is the present Vice Chairman of NITI Aayog.
i. The goods and services tax, GST, launched on 1 July, has got off to a good start, with collections exceeding the revenue target for the first month. According to the Finance Minister Arun Jaitley, taxes worth Rs 92,283 crore were collected in July from just 64.42 per cent of the total taxpayer base.
ii. The finance minister added that even after the compensation cess is excluded, the target will still be surpassed when all taxpayers file returns.
Important Takeaways from Above News-
- France was the first to introduce GST.
- Only Canada has dual GST model.
i. Prime Minister Narendra Modi along with Union minister for road transport and highways Nitin Gadkari inaugurated highway and road projects worth Rs15,000 crore for the state in Udaipur, Rajasthan.
ii. He has also inaugurated Chambal bridge in Kota. Modi inaugurated 12 national highways projects worth Rs5,610 crore and laid foundation stones for 11 projects worth Rs9,490 crore.
Important Takeaways from Above News-
- The CM of Rajasthan is Vasundhara Raje.
- Shri Kalyan Singh is the Governor of Rajasthan.
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