Current Affairs – September 05, 2019

Here’s your daily summary of Current Affairs – September 05, 2019National - Current Affairs - September 05, 2019

Vaishno Devi Shrine tops the list of ‘Swachh Iconic Places’

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Shri Mata Vaishno Devi Shrine in Jammu and Kashmir has been adjudged as the Best Swachh Iconic place in the country in the ‘Swachh Iconic Places’ list released by the Ministry of Jal Shakti, Department of Drinking Water and Sanitation. The Shrine has been adjudged on the basis of the overall improvement in sanitation. The President will confer the prestigious award to the Shrine during the Swachh Mahotsav to be organized by the Ministry of Drinking Water & Sanitation on the 6th September.


Indian Army Team summit MT Leo Pargyil (6773m) in Himachal Pradesh

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Indian Army team from 18th battalion, the Mahar Regiment successfully summited Mount Leo Pargyil (6773M). After an extremely challenging climb in harsh weather, hoisting the National Flag atop Mt Leo Pargyil. Leo Pargyil is the third highest peak of Himachal Pradesh and is considered to be among the most challenging and technically difficult peak to scale. It lies in the Zanskar range.


Nuakhai: The Harvest Festival Of Western Odisha

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The harvest festival Nuakhai is being celebrated across Western Odisha on 3rd September with full guts and spirit. Also referred to as Nuakhai Parab or Nuakahi Bhetghat it signifies the celebration of newly harvested produce. Nua means new and that means food. So, the festival of nuakhai is a festival to celebrate newly harvested food by the farmers.
It is celebrated 1 day after the celebration of Ganesh Chaturthi.


Business - Current Affairs - September 05, 2019

Overseas Citizen of India investment platform launched

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B K Modi, chairman of Smart Group and Singapore-based Spice Global, announced the launch of the Overseas Citizen of India (OCI) Forum with a proposed fund size of USD 100 billion, with a focus on promoting global economic investment by OCIs into various sectors in India. The OCI platform has the potential to increase India’s GDP by 50 percent and it is undertaking large-scale investment in Kashmir as one of its first projects.
The OCI investor forum will undertake investment in the region of Kashmir to develop 100 global wellness hotels in Kashmir estimated at a gross investment of Rs 1,000 crore.


RBI Makes External Benchmark Based Interest Rate mandatory for certain categories of loans from October 1, 2019

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The Reserve Bank of India makes mandatorily to banks to link their loan products to key repo rates or external benchmarks. The change will come into effect from October 1, 2019. The move will make home loans and auto loans cheaper from October onward as the banks will now be forced to pass on the multiple rate cuts the RBI has made in recent monetary policy meetings.
Banks have been given the option to choose the external benchmarks, which include policy repo rate decided by the monetary policy committee (MPC). The other two benchmarks include Government of India’s 3-month and 6-month treasury bill yields published by the Financial Benchmarks India Private Ltd (FBIL). The banks can also use any other benchmark market interest rate published by the FBIL.


Crisil cuts FY20 GDP forecast to 6.3% for FY20

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Describing the slowdown as “deeper and more broad-based than suspected”, domestic rating agency Crisil sharply slashed its GDP forecast for FY20 to 6.3 percent from 6.9 percent earlier. The downward review comes days after GDP growth slowed down to a 25-quarter low of 5 percent in the June quarter.


Sports - Current Affairs - September 05, 2019

FIFA unveils official emblem for Qatar World Cup 2022

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FIFA unveiled the official emblem of the 22nd edition of the FIFA World Cup which is scheduled to be hosted in Qatar. The swooping curves of the emblem represent the undulations of desert dunes and the unbroken loop depicts both the number eight and the infinity symbol. The eight represents the number of stadiums that will host the football tournament while the infinity symbol reflects the interconnected nature of the event.


Zimbabwe captain Hamilton Masakadza announces retirement

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Zimbabwe captain Hamilton Masakadza has announced that he will retire from all forms of cricket after the conclusion of the T20I tri-series involving Bangladesh and Afghanistan set to be played from September 13 to 24. The right-handed batsman, who started off his international career in 2001, played 38 Tests, 209 ODIs and 62 T20Is and scored 9,410 international runs, which included 10 centuries and 42 fifties.


International - Current Affairs - September 05, 2019

India ranked 34th on world travel, tourism competitiveness index

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India has moved up six places to rank 34th on world travel and tourism competitiveness index, driven by rich natural and cultural resources and strong price competitiveness, according to the WEF report. India’s ranking improved from 40th to 34th. Spain held on to the top spot in the World Economic Forum’s (WEF) latest Travel and Tourism Competitiveness Report (TTCR), which ranked 140 countries on their relative strengths in global tourism and travel. Spain was followed by France, Germany, and Japan, with the United States replacing the UK in the top five.


Vienna remains the world’s most liveable city: EIU

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For the second year in a row, Vienna, Austria has been ranked the most liveable city in the world, according to The Economist Intelligence Unit (EIU). Among Indian cities, New Delhi is ranked at 118 and Mumbai is ranked at 119. The ranking consists of 140 countries.
Melbourne, Australia took the second-place spot, following close behind Vienna’s score. Sydney, Australia; Osaka, Japan; and Calgary, Canada make up the remaining top five on the annual Global Liveability Index of 140 cities around the world.


Iran unveils Kian reconnaissance and attack drone

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Iran unveiled an indigenously developed jet-propelled drone it said is capable of finding and attacking targets far from the country’s borders with precision. Dubbed the “Kian,” the unmanned aerial vehicle was designed, produced and tested by experts of the air force within about a year, Iran Air Defense Force commander Brigadier General Alireza Sabahifard said on September 1. The drone comes in two models capable of “surveillance and reconnaissance missions and continuous flight for precision missions”.


The US and 10 ASEAN navies begin first joint military exercises in Southeast Asia

12 3 - Current Affairs - September 05, 2019
The United States and 10 Southeast Asian countries kicked off maritime drills on 02nd September, as part of a joint exercise extending into the flashpoint the South China Sea with eight warships, four aircraft and more than a thousand personnel. The first ASEAN-US Maritime Exercise (AUMX) between the regional bloc and Washington will last for five days, starting September 2 at the Sattahip Naval Base in Thailand and ending in Singapore.


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