Daily Update On Current Affairs – September 22, 2017

current affairs

Here’s your daily summary of Current Affairs.

Cabinet Approves Revamped Khelo India Program

The Union Cabinet has approved the revamped Khelo India program at a cost of Rs.1, 756 crores for the period 2017-18 to 2019-20. This marks a watershed moment in the history of Indian sports, as the programme aims at mainstreaming sport as a tool for individual development, community development, economic development and national development.            
Important features of the Program include:
1. An unprecedented Pan Indian Sports Scholarship scheme, which would cover 1,000 most talented young athletes.         
2. Each athlete selected under the scheme shall receive an annual scholarship worth Rs. 5.00 lakh for 8 consecutive years.     
3. This is the first time ever that a long-term athlete development pathway would be made available to gifted and talented youngsters to excel in competitive sports.      
4. The Program aims to promote 20 universities across the country as hubs of sporting excellence, which would enable talented sportspersons to pursue the dual pathway of education and competitive sports.             
5. The Programme would cover about 200 million children in the age group of 10-18 under a massive national physical fitness drive.
ONGC discovers oil in the Arabian Sea off Mumbai coast   
On  21st Sept 2017, the ONGC announced that it had discovered oil in the Arabian Sea off the Mumbai Coast. The discovery in the oil well WO – 24-3 is said to be having 20 million tonnes of oil in reserves. Mumbai High is India’s biggest oil field. It produces 250,000 barrels of oil per day and more than 10 million tonnes of oil annually.
India gets its first high power locomotive from France      

India has got delivery of its first High power locomotive from France. The shipment was received at Kolkata Port on 21st Sept 2017. The same was supplied by Alstom Ltd of France to Indian Railways.
World’s Fastest Commercial Bullet Train in China  

China restored the maximum speed of bullet trains on the Beijing-Shanghai high-speed railway line to 350 kilometres per hour, making it the fastest commercially run train, six years after it reduced the speed due to a fatal accident. The speed was reduced to 300 kilometres per hour following the deadly accident in July 2011 that killed 40 people. China has the world’s longest high-speed rail network of over 22,000 kilometres, about 60 percent of the world’s total.
50 Nations Ink UN Nuclear Ban Treaty

Fifty countries have signed a treaty to ban nuclear weapons, a pact that the world’s nuclear powers spurned but supporters hailed as a historic agreement nonetheless.  More than 120 countries approved the new nuclear weapons ban treaty in July 2017 over opposition from nuclear-armed countries and their allies, who boycotted negotiations. Among 50, Brazil was the first country to sign onto the ban yesterday, followed by nations from Algeria to Venezuela. The United Nations is Headquartered in New York, United States. Irina Bokova is the Present Director-General of UNESCO.
Fino Payments Bank Launches Mobile Banking App    
Fino Payments Bank has launched its mobile banking app called BPay. Fino aims to make banking easy for millions of underbanked people in India. The upgraded BPay app is available on Android at present. The mobile banking app enables simple, paperless and convenient banking that allows customers to make bill payments, recharges, fund transfers and buy insurance. An interesting feature of the mobile app is that it allows customers to seamlessly access wallet as well as the savings account, with a single login and interface. Rishi Gupta is the Managing Director and Chief Executive Officer of Fino Paytech. FINO PayTech is headquartered in Mumbai.
B Sambamurthy Appointed as NPCI Interim Chairman     
National Payments Corporation of India (NPCI) has appointed B Sambamurthy as interim Chairman of the board. He will replace M Balachandran, who was Non-Executive Chairman of NPCI. Sambamurthy was formerly Director and CEO of the Institute for Development and Research in Banking Technology (IDRBT) and Chairman and Managing Director of Corporation Bank prior to that. NPCI is the umbrella organization for all retail payment systems in the country. B Sambamurthy has been the nominee director from the Reserve Bank of India (RBI) on the board of NPCI since December 5, 2013.
Zannah Mustapha Wins UNHCR Nansen Refugee Award

Zannah Mustapha of Nigeria has won the UN High Commission for Refugees (UNHCR) 2017 Nansen Refugee Award. He is the Director of Future Prowess Islamic Foundation School. Mr. Mustapha is the first Nigerian recipient of the award. Mr. Mustapha was chosen as the winner of the award for his humanitarian work in championing the rights of children. The office of the United Nations High Commissioner for Refugees (UNHCR) was created in 1950. In 1954, UNHCR won the Nobel Peace Prize for its groundbreaking work in Europe. Filippo Grandi is the 11th United Nations High Commissioner for Refugees.

Current Affairs
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