Daily Current Affairs: September 1, 2021

Daily Current Affairs (September 1, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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Important Days

National Nutrition Week (India) – 1–7 September

• The National Nutrition Week is observed from 1–7 September in India to raise public awareness about vital indicators of their well-being and prosperity.
• The theme of the 2021 National Nutrition Week (India) is ‘feeding smart right from start’.

National News

India virtually hosts the 8^th meeting of agriculture experts of BIMSTEC countries

• India hosted the 8^th meeting of agriculture experts of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) countries for enhancing the engagement in agriculture and allied sectors amongst the BIMSTEC member states.

Smriti Irani inaugurates Poshan 2.0 and urges all districts across India to establish Poshan Vatika (nutrition garden)         

• Union Minister for Women and Child Development Smriti Irani inaugurated Poshan 2.0 and urged all aspirational districts of India to make a commitment to establish a Poshan Vatika (nutrition garden) during the nutrition month starting from 1 September for the protection of severe actual malnourished (SAM) children.

Union Home Minister launches the web portal for registration of units for industrial development in Jammu & Kashmir                  

• Union Home Minister Amit Shah inaugurated web portal for registrations of units for industrial development under the ‘New Central Sector Scheme 2021’ for Jammu and Kashmir.
• This scheme offers four incentives, namely capital investment incentive, capital interest subvention, goods and service tax linked incentive (GSTLI) and working capital interest subvention.

State News

World’s highest motorable road was inaugurated in Ladakh

• The world’s highest motorable road that connects Leh and the Pangong Lake was launched by Ladakh MP Jamyang Tsering Namgyal. The road passes through the Kela Pass at 18,600 feet.

Ladakh

• Capital: Leh
• Lieutenant Governor: Radha Krishna Mathur

Goa becomes the first state in India to provide free water to the people

• Goa became the first state in India to supply water free of cost to its citizens.
• Goa Chief Minister Pramod Sawant launched the ‘Save Water, Get Free Water’ programme under which households will not be charged for consumption up to 16,000 litres.

Goa      

• Capital: Panaji
• Chief Minister: Pramod Sawant
• Governor: P. S. Sreedharan Pillai
• National Park: Mollem National Park

Banking & Economy

PFDRA increases maximum age for joining the National Pension Scheme (NPS)            

• The Pension Fund Regulatory and Development Authority (PFRDA) revised the existing age of entry into the National Pension Scheme (NPS) from existing 18–65 years to 18–70 years with no cap on the maximum investment limit.
• The yearly investment amount is flexible, with the lowest investment amount being Rs. 8000 per annum.

Pension Fund Regulatory and Development Authority (PFRDA)

• Headquarters: New Delhi
• Founded: 2003
• Chairman: Supratim Bandyopadhyay

PayU acquires BillDesk for $4.7 billion to move from cash to digital transactions

• Prosus NV’s PayU acquired Indian payment services provider BillDesk for $4.7 billion to create a leading digital payments company in India and globally.
• PayU is exceptionally well-positioned to expand deeper into the Indian fintech ecosystem as more and more Indian customers move from cash to digital transactions

PayU

• Headquarters: The Netherlands
• Founded: 2002

Sri Lanka receives $787 million special drawing rights (SDR) allocation from IMF and $150 million currency swap from Bangladesh Central Bank

• Sri Lanka received $787 million from the International Monetary Fund’s (IMF) special drawing rights (SDR) allocation and $150 million from Bangladesh Central Bank as a currency swap arrangement, boosting the island nation’s depleting foreign exchange reserves.

International Monetary Fund (IMF)

• Headquarters: Washington D.C., USA
• Managing Director: Kristalina Georgieva
• Chief Economist: Gita Gopinath

ICICI Bank becomes the second lender after HDFC Bank to cross Rs. 5 trillion in market capitalization               

• The Industrial Credit and Investment Corporation of India (ICICI) Bank Limited has crossed Rs. 5 trillion in market capitalisation (m–cap). ICICI Bank became the second lender after Housing Development Finance Corporation (HDFC) Bank and the seventh Indian firm to achieve this landmark market capitalisation.

ICICI (Industrial Credit and Investment Corporation of India)

• Headquarters: Mumbai, Maharashtra
• MD and CEO: Sandeep Bakhshi
• Tagline: Hum Hai Na, Khyal Apka

Agreements and MoUs signed

Axis Bank ties up with BharatPe on point-of-sale (PoS) devices                 

• Axis Bank has tied up with BharatPe to expand its merchant acquiring business in India.
• Axis Bank will act as the acquiring bank for BharatPe ’s point-of-sale (PoS) business, BharatSwipe and will provide acceptance of credit and debit cards for merchants associated with BharatPe.

Awards and Recognitions

Times Group announces Times Excellence Awards 2021

• Times Excellence Awards was created by OMS (Times Group) to identify, encourage and provide recognition to young entrepreneurs, leaders and innovators who have been game-changers in a true sense.

The winners of the Times Excellence Awards 2021 are:

1.  Viraj Kohli
2. Sarbajit Das
3. Vijay Arora
4. Braj Bushan Jha
5. Sabarna Roy
6. Amit Kumar Gehlot

Sports News

Dale Steyn announces retirement from all forms of cricket                  

• South Africa’s legendary pace bowler Dale Steyn announced his retirement from all forms of cricket.

Mariyappan Thangavelu and and Sharad Kumar win silver and bronze medals in high jump event  at the Tokyo Paralympics 2020                    

• Mariyappan Thangavelu and Sharad Kumar won India’s ninth and tenth medals of the 2020 Tokyo Paralympics, bagging silver and bronze medals  in the high jump (T63) event.

Obituary

Renowned leprologist Shaik Khader Noordeen passed away

• Shaik Khader Noordeen, a renowned leprologist from Chennai, passed away at the age of 88.
• He was instrumental in the passage of World Health Assembly Resolution 44.9, which reiterated WHO’s commitment to eliminate leprosy as a public health problem globally by the year 2000.

Daily CA- 1 September One liners:

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