Here’s your daily summary of Current Affairs.
India and Japan ink 15 agreements
India and Japan have signed 15 agreements for enhancing bilateral cooperation in several key areas including investment promotion, civil aviation, and science and technology. Agreements were signed in the presence of the former Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe after 12th annual summit talks in Gandhinagar. Briefing media, Foreign Secretary S Jaishankar said, that Memorandum of Co-operation (MoC) were signed in the field of disaster risk management, skills development and other Economic and Commercial agreements were also signed.
Foundation stone laid for Mumbai – Ahmedabad bullet train
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe jointly performed the ground breaking ceremony of India’s first-ever bullet train project at Sabarmati Station ground today. On the occasion, both the leaders also laid the foundation stone of High-Speed Rail Institute to be set up at Vadodara where Japanese professionals would impart training to Indian engineers regarding the high-speed rail project. Mr. Modi called the bullet train the biggest gift from Japan to India. He called the moment historic and said the high-speed rail corridor will give a new momentum to the development of New India.
India ranked 103 in Global Human Index
The Global Human Index is prepared by the World Economic Forum amongst 130 nations of the world. This is based on the knowledge and skills that the people possess, that will find value in the Global economic system. The rankings are based on four parameters – capacity, development, deployment and know how. Based on the above, India has been ranked a lowly 103 out of 130 nations surveyed. Norway has taken the No. 1 position, followed by Finland and Switzerland
New plastic Jane Austen 10-pound note launched in Britain
In Britain, a new plastic 10-pound note featuring renowned author Jane Austen has gone into circulation. Austen is the first female writer to be featured on a British banknote, replacing a paper 10-pound note which featured a portrait of naturalist Charles Darwin. The new ‘tenner’ is the first British banknote with a tactile feature involving a series of raised dots in the top left-hand corner to help blind and partially sighted users. The move coincides with the 200th anniversary of the author’s death. The new Jane Austen ten pound note joins the Winston Churchill five pound note in the first series of polymer Bank of England banknotes.
North Korea fires missile over Japan in the longest-ever flight
North Korea fired an intermediate-range missile over Japan into the northern Pacific Ocean on Friday, U.S. and South Korean militaries said, it’s longest-ever such flight and a clear message of defiance to its rivals. Since President Donald Trump threatened the North with “fire and fury” in August, Pyongyang has conducted its most powerful nuclear test and launched two missiles of increasing range over U.S. ally Japan. It tested its first-ever intercontinental ballistic missiles in July. The growing frequency, power and confidence displayed by these tests seem to confirm what governments and outside experts have long feared. North Korea is closer than ever to its goal of building a military arsenal that can viably target both U.S. troops in Asia and the U.S. homeland.
India Post to offer Payment Bank services
India Post Payments Bank is gearing up to provide its financial services through all of 1.55 lakh post offices and 3 lakh employees by the end of 2018 – which will create India’s second-largest payments bank in terms of reach. India Post Payments Bank (IPPB) Chief Executive Officer AP Singh said this at an event organised by United Nations on Financial Inclusion in New Delhi on 14th Sept 2017. He said that India Post will have bank footprint in every district by March 2018. Payments banks can accept deposits up to one lakh rupees per account from individuals and small businesses.
London retains top position in Financial Hub rankings
The Global Financial Centres Index 2017 ranks London as the most important financial hub in the world. The Global Financial Centre Index is prepared by the China Development Institute, Shenzhen and the Z/Yen Partners in London. The index is published twice a year – in March and September. As per the latest index, London has retained its no one position as the most important financial hub in the world. While London is No.1, New York is no. 2 and Hong Kong is at no. 3. Mumbai is ranked at no. 60.
September 14th – National Hindi Divas