Daily Current Affairs 16th September, 2016

Daily Current Affairs 16th September, 2016

  1. Council on Goods and Service Tax (GST) officially notified by the Govt. :
  • The first meeting of the GST Council will be held on September 22-23.
  • About composition of council :
  • GST Council will be a constitutional body established by president of India. It’s composition will be as follows:
  • Chairman – Union Finance Minister
  • Minister of State (Finance)
  • Finance Minister as member from each state
  • Functions of GST Council :
  • will decide on the tax rate, exempted goods under the new taxation regime.
  1. United Nation’s (UN) new goodwill ambassador – Nadia Murad :
  1. Beginning of Naropa festival in Ladakh :
  • week-long Naropa festival
  • a celebration of the 1,000th birth anniversary of Saint Naropa.
  • About Naropa festival :
  • festival held once in 12 years
  • This unique festival commemorates the visit of Yogi Naropa to this land
  • celebrates his life and spiritual teachings.
  • About Ladakh :
  • Located in the Indian state of Jammu & Kashmir
  • The largest town in Ladakh is Leh, followed by Kargil
  • highest plateau of state of Kashmir
  • Zanskar is the main river of the region along with its tributaries.
  • The Zanskar gets frozen during winter and the famous Chadar trektakes place on this magnificent frozen river
  1. Atul Kumar Goel appointed as Executive Director in Union Bank of India :
  • General Manager of Allahabad Bank
  • Appointment by Central Govt through notification
  • Appointed for aa period of 3 years
  1. Initiative for partnership with Maruti and NSDC by Uber :
  • Uber Technologies Inc. – American multinational online transportation network company headquartered in San Francisco, California.
  • Uber – Transportation app
  • Maruti Suzuki & National Skill Development Corporation(NSDC)
  • for creating livelihood opportunities for one million people by 2018
  1. Prestigious 2015 National Numanities medal announced by White House :
  • To Indian – American Physician Author “Abraham Verghese”
  • For work in medicine
  • US President Barack Obama would confer the honour
  • Rrecipients of 2015 National Medal of Arts will also be honoured
  • Ceremony on September 21.
  1. Second Prize to Vijaya Bank under Rajbhasha Kirti Puraskar (Region C) for the year 2015-16 :
  • Managing Director & CEO, Vijaya Bank – Kishore Sansi accepted the Prize
  • From President Pranab Mukherjee at Rashtrapati Bhavan.
  • About Vijaya Bank –
  • is a fastest growing Public Sector Bank
  • with its Corporate Office in Bangalore, Karnataka, India
  1. African Development Bank (AfDB) meet to be held in Ahmedabad, India :
  • Will be held at Mahatma Gandhi Convention Centre, Ahmedabad on May 22-26
  • About AfDB –
  • multilateral development finance institution
  • established to contribute to the economic development and social progress of African countries
  • founded in 1964
  • originally headquartered in AbidjanCôte d’Ivoire
  • the bank’s headquarters moved to TunisTunisia in 2003
  • Three entities – The African Development Bank, the African Development Fund and the Nigeria Trust Fund
  1. Four Awards to Karnataka Vikas Grameena Bank (KVGB) for inclusive insurance for 2016 :
  • From Skoch Group
  • About KVGB –
  • Headquarter in Dharwad
  • operates in nine districts of Karnataka covering 57 taluks
  • brought 28 lakh people under Pradhan Mantri Jeevan Jyoti Bima Yojna, PM Suraksha Bima Yojna and PM Jan Dhan Yojna
  1. Approval of Reliance Communication’s merger with Aircel by the Board of Directors :
  • one of the biggest deals in the telecom space
  • creating the country’s fourth-largest phone company in terms of customers and revenue.
  • The company will be managed by an independent professional team under the supervision of the Board
  1. Prestigious US Awards won by India – born scientists :
  • Two Indo American scientists
  • from Massachusetts Institute of Technology (MIT)
  • for their path-breaking inventions
  • Ramesh Raskar –
  • an imaging scientist and inventor at MIT
  • awarded the $500,000 Lemelson-MIT Prize 2016
  • Dinesh Bharadia –
  • researcher at MIT
  • won the Paul Baran Young Scholar Award of the US-based Marconi Society.
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