GK Update 17th September 2021

1. Cabinet approves 100% FDI under automatic route in Telecom Sector

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_50.1
  • The Union Cabinet, chaired by Prime Minister Narendra Modi has approved a number of structural and process reforms in the Telecom sector, to provide relief to ailing telecom service providers, struggling with high levels of debt.
  • A total of 9 structural and 5 process reforms have been approved by the Union Cabinet. Some major reforms announced are as follows:
  • Change in the definition of AGR: The definition of Adjusted Gross Revenue (AGR) has been changed and now all non-telecom revenue will be removed from AGR.
  • Rationalised Spectrum Usage Charges: The monthly compounding of interest on spectrum usage charges is replaced by annual compounding and the interest rate will come down, based on the formula MCLR + 2%. Penalty on payment of licence fees, spectrum user charges and all kinds of charges have been completely scrapped.
  • Four-year Moratorium on dues: Moratorium has been announced on statutory dues of the telecom sector for four years. It will be applicable from October 1, 2021
  • Foreign Direct Investment (FDI): The government has increased the FDI in the Telecom sector under the automatic route from 49% to 100%.
  • Auction calendar fixed: Spectrum auctions will henceforth be held in the last quarter of every financial year.

Important takeaways for all competitive exams:

  • Minister of Communications: Ashwini Vaishnaw.

3. US, UK and Australia announce new partnership “AUKUS”

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_60.1
  • Global Deputy CTO of State Bank of India, Amit Saxena has joined RBI Innovation Hub as the Chief Technology Officer (CTO).
  • The Reserve Bank announced that it would set up Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.
  • The RBIH shall create an ecosystem that would focus on promoting access to financial services and products. This will also promote financial inclusion.

3. Former SC judge Indu Malhotra appointed DDCA Ombudsman

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_70.1
  • Former Supreme Court judge, Justice (Retired) Indu Malhotra will be the new Ombudsman cum Ethics Officer of Delhi and Districts Cricket Association (DDCA) for a period of one year was made.
  • The DDCA’s general body, headed by its president Rohan Jaitley, decided on 65-year-old Justice (Retd) Malhotra’s appointment. In 2007, Malhotra was designated senior advocate by the Supreme Court and she became only the second woman to be designated by the apex court after a gap of three decades.
  • She has been appointed amicus curiae by different benches of the Supreme Court in some matters. After serving as legal counsel in the Supreme Court for 30 years, she was unanimously recommended for appointment as a judge of the Supreme Court.

4. Cabinet approves Rs 26,058 crore PLI Scheme for Auto and Drone Industry

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_80.1
  • The Union Cabinet has approved a production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India’s manufacturing capabilities.
  • The PLI scheme will incentivise the emergence of advanced automotive technologies’ global supply chain in India. Incentives worth Rs. 26,058 crore will be provided to industry over five years, the minister told reporters after the Cabinet meeting.
  • The PLI scheme for automobile and drone industries is part of the overall announcement of PLI schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs. 1.97 lakh crore.
  • From the total budget of Rs 26,058 crores, an amount of Rs 25,938 crores has been sanctioned for the automobile industry and Rs 120 crores for the drone industry.

5. J&K Lt. Governor Manoj Sinha launches ‘One Gram Panchayat-One DIGI-Pay Sakhi’

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_90.1
  • In Jammu and Kashmir, Lieutenant Governor Manoj Sinha has launched a new mission called ‘One Gram Panchayat-One DIGI-Pay Sakhi’. The mission was launched at Jammu & Kashmir Entrepreneurship Development Institute, Pampore.
  • He outlined that DIGI-Pay Sakhi has introduced financial inclusion within the UT’s Self Help Group (SHG) ecosystem, creating much needed financial access points with greater transparency even in the remotest of the areas.

6. NITI Aayog Launches Report on ‘Reforms in Urban Planning Capacity in India’

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_100.1
  • NITI Aayog has launched a report titled ‘Reforms in Urban Planning Capacity in India’ which presents measures to ramp up urban planning capacity in India.
  • The report was released on September 16, 2021, jointly by NITI Aayog Vice-Chairman Dr Rajiv Kumar, CEO Shri Amitabh Kant and Special Secretary Dr K. Rajeswara Rao.
  • The report has made several recommendations that can unblock bottlenecks in the value chain of urban planning capacity in India. Some of them include programmatic Intervention for the Planning of Health, Re-engineering of Urban Governance, Revision of Town and Country Planning Acts.
  • The report suggests that every city must aspire to become a ‘Healthy City for All’ by 2030.
  • The report has also recommended a Central Sector Scheme named ‘500 Healthy Cities Programme’, for a period of 5 years. Under this priority cities and towns would be selected jointly by the states and local bodies.

7. Defence Ministry constitutes High Level Expert Committee to review NCC

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_110.1
  • The Ministry of Defence has constituted a High-Level Expert Committee, for a comprehensive review of the National Cadet Corps (NCC). Former Member of Parliament (MP) Baijayant Panda will be the Chairperson of the Committee.
  • The 15-member committee will also include Cricketer MS Dhoni and Mahindra Group Chairman Anand Mahindra as members.
  • Suggest measures to empower NCC cadets to contribute more effectively towards nation building
  • Propose ways for gainful engagement of NCC Alumni for the betterment of the organisation
  • Recommend best practices of similar international youth organisations for inclusion in the NCC curriculum.

Important takeaways for all competitive exams:

  • NCC Founded: 16 April 1948;
  • NCC Headquarters: New Delhi.

8. Power Finance Corporation issues India’s first-ever Euro Green Bond

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_120.1
  • The leading power sector NBFC, Power Finance Corporation Ltd (PFC), successfully issued its maiden Euro Green Bond. The 7-year Euro 300 million Bond has been priced at 1.841 per cent.
  • This Euro Green Bond is the first-ever Euro denominated Green bond issuance from India. It is also the first-ever Euro issuance by an Indian NBFC. With the issuance, PFC has also forayed into the European market for its international fundraising.

Important takeaways for all competitive exams:

  • Power Finance Corporation Ltd Headquarters: New Delhi;
  • Power Finance Corporation Ltd Founded: 16 July 1986;
  • Power Finance Corporation Ltd chairman and managing director: R S Dhillon.

9. Ayaan Shankta named as “2021 International Young Eco-Hero”

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_130.1
  • A 12-year-old environmental activist from Mumbai, Maharashtra, Ayaan Shankta has been named as “2021 International Young Eco-Hero”.
  • He won the 3rd prize under the Age Group: 8-14 for his project “Conservation and Rehabilitation of Powai Lake” and became one of the 25 global winners of the Young Eco-Hero Award 2021.
  • The award presented by “The Action for Nature”, San Francisco based NGO, recognize young people (8 to 16 years old) for their environmental achievements.

10. World Patient Safety Day: 17 September

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_140.1
  • World Patient Safety Day is observed on September 17 to create a global awareness for patient safety and urge people to show their commitment to making healthcare safer.
  • The Day brings together patients, families, caregivers, communities, health workers, health care leaders and policy-makers to show their commitment to patient safety. The theme for 2021 WPSD is ‘Safe maternal and newborn care’.
  • World Patient Safety Day – established by the World Health Assembly in 2019 through resolution WHA72.6 on “Global action on patient safety” is observed annually on 17 September. It was adopted at the 72nd World Health Assembly on 25 May 2019.

11. Eminent Kashmiri Writer Aziz Hajini passes away

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_150.1
  • Noted writer and former secretary of Jammu and Kashmir Academy of Art, Culture and Languages Aziz Hajini passed away. Hajini, born as Abdul Aziz Parray in north Kashmir’s Bandipora, was appointed Secretary J&K Academy of Art Culture and Languages in 2015.
  • He has over twenty books in Kashmiri to his credit including poetry and criticism. Hajini won the Sahitya Akademi Award (criticism) in 2016 for his book ‘Aane Khane’ written in Kashmiri. He has also won the Sahitya Akademi Translation Award in 2013 for Za Gaz Zameen, Kashmiri translation of Abdul Samad’s Urdu novel Do Gaz Zameen.

12. Former India player and Mohun Bagan great Bhabani Roy passes away

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_160.1
  • Former India footballer and Mohun Bagan captain, Bhabani Roy passed away. He was joined Bagan in 1966 and played for the club till 1972. He represented India in the 1969 Merdeka Cup and played in three matches.
  • Bhabani Roy helped Mohun Bagan win the Rovers Cup in 1968, 1970, 1971 and 1972 (Joint Winner). At the domestic level, he was part of the West Bengal team that won the Santosh Trophy in 1968 and 1971.

13. 2 times Olympic Gold Medalist Yuriy Sedykh passes away

17th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_170.1
  • Double Olympic hammer throw gold medallist Yuriy Sedykh, a Ukrainian track and field athlete who represented the Soviet Union until 1991, has passed away.
  • He set the world record for the hammer throw with a throw of 86.74 metres at the European Championships in Stuttgart in 1986 which is still not broken.
  • He won his first gold medal at the 1976 Olympics in Montreal and his second gold at the 1980 Olympics in Moscow.

Leave a Comment