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Daily Current Affairs of 4th September 2019
International Current Affairs
- Prime Minister Narendra Modi embarked on a 3-day visit to Russia.
- During this visit, he will participate in the 20th India-Russia Annual Summit.
- He will also meet Russian President Vladimir Putin and discuss bilateral partnership as well as regional and international issues of mutual interest.
- During his visit, Modi will also address the 5th Eastern Economic Forum as the Chief Guest.
- UK Prime Minister Boris Johnson today proposed to hold snap general elections on October 15 after suffering a defeat in the Parliament over his bid to ensure a no-deal Brexit.
- Israeli PM Benjamin Netanyahu has postponed his trip to India for the second time this year.
- He was scheduled to visit India on September 9 but postponed the trip due to elections in Israel on September 17.
- Elections are being held in Israel again as no party was able to secure a governing majority after the April elections.
- Yudh Abhyas – 2019, the joint military training exercise between India and United States (US) will start at Joint Base Lewis Mc Chord, Washington, US tomorrow (5th September 2019).
- This exercise is being conducted as part of the ongoing Indo-US defence cooperation.
- This will be overall 15th edition of the joint exercise hosted alternately between the two countries.
- It is one of the largest joint running military training and defence corporation endeavors between both countries.
- The 1st ASEAN-US Maritime Exercise (AUMX) between regional bloc- Association of Southeast Asian Nations (ASEAN) and United States kicked off at the Sattahip Naval Base in Thailand.
- The 5 day naval exercise is co-led by the navies of US and Thailand.
- It will stretch into international waters in Southeast Asia, including Gulf of Thailand and South China Sea and conclude in Singapore.
- India and Pakistan today agreed to visa-free travel of Indian pilgrims, without any restrictions based on their faith for the Kartarpur Sahib Corridor.
- The understanding was reached during the 3rd round of talks on the modalities for operationalization of the Kartarpur Sahib Corridor held today at Attari.
- External Affairs Minister S Jaishankar is in the Maldives to attend the 4th edition of the Indian Ocean Conference.
- During this visit, he met Speaker of the Maldives Parliament Mohamed Nasheed in Male today.
- The two leaders discussed the ways to work together on shared goals.
Banking, Business & Economic Affairs
- The Union Cabinet has announced cash infusion worth about ₹9000 crore on a one-time basis in the financially-troubled IDBI Bank.
- The government is planning to infuse ₹4,557 crore, with LIC, holding 51% stake, providing another ₹4,700 crore.
- The money will be invested as part of the ₹70,000 crore bank recapitalisation plan, announced by Finance Minister Nirmala Sitharaman in August.
- Nearly a month after Centre revoked Article 370, Maharashtra and Karnataka have announced plans to build resorts in J&K and Ladakh.
- Anil Ambani's Reliance Power has signed a partnership agreement with Japan's JERA to set up a 750 megawatt, gas-based combined cycle power plant in Bangladesh.
- Reliance Power will hold a 51% stake while JERA will hold a 49% stake in the joint venture.
- India has announced contribution of $22 million to Global Fund for AIDS, TB and Malaria (GFTAM) for 6th Replenishment Cycle (for year 2020-22).
- This is an increase of 10% over the amount contributed by India in 5th cycle.
Science & Technology
- The Indian Air Force (IAF) inducted 8 Apache AH-64E attack helicopters at Pathankot Air Force station.
- The Apache AH-64E helicopters are made by US company Boeing and will give a major boots to combat capabilities of Indian Air Force.
- Chinese rover Yutu-2, or Jade Rabbit-2, has discovered a "gel-like" substance inside a crater on the Moon's surface.
- Yutu-2 rover is part of the Chang'e 4 mission, under which the first human-made object soft-landed on Moon's far side.
MOUs & Agreements
- India and Russia signed 15 agreements taking bilateral cooperation to a new high at the 20th annual summit in Vladivostok today.
- The agreements include :
- 4 in the area of oil and gas, LNG and coking coal
- 5 in trade and investments
- 2 in infrastructure
- 1 in defence
- 1 in audiovisual production.
- Major Agreements :
- The MoU on defence is about the production of spare parts for Russian origin arms under Make-in-India program through joint ventures. Through this agreement, the relationship between both countries will be enhanced from buyer-seller to co-producers.
- The MoUs in infrastructure relate to the establishment of maritime links between Vladivostok and Chennai to improve connectivity.
- Other MoUs relate to the exploration of cooking coal in the Arctic region, sourcing LNG from Russia.
- An agreement has also been exchanged for combating customs violations during 2019-22.
- An agreement between Invest India and the Russian Direct Investment Fund has been signed for Investment Collaboration.
- Note : The agreements were exchanged in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin after the restricted and delegation-level talks.
Recent Committees in News
- A 6 member Task-force on developing a vibrant secondary market for corporate loans constituted by the Reserve Bank of India (RBI) has called for setting up a central loan contract registry to remove information asymmetries between buyers and sellers.
- Head of the Taskforce : TN Manoharan (Canara Bank chairman)
- A ministerial panel led by Finance Minister Nirmala Sitharaman will study a Health Ministry proposal to ban e-cigarette sales in India through an ordinance.
Awards & Honors
- Vaishno Devi Shrine in Jammu and Kashmir has been declared as the 'Best Swachh Iconic' place in the country in the 'Swachh Iconic Places' list released by Jal Shakti Ministry.
- It was adjudged on the basis of overall improvement in sanitation.
- Chhatrapati Shivaji Terminus (CST) in Mumbai has also been named as the 'Best Swachh Iconic' place.
New Appointments
- Chief Election Commissioner (CEC) Sunil Arora assumed Chairmanship of Association of World Election Bodies (A-WEB) for the term 2019-21.
- Important Points to Note :
- AWEB is a multilateral platform for election management bodies from across the world to share best electoral practices.
- India has taken over the AWEB Chair from Romania for 2 year period.
- Saudi Arabia has named Yasir al-Rumayyan, head of the country's sovereign wealth fund, as the Chairman of state oil giant Aramco.
- He is going to replace Khalid Al-Falih.
- Former India spinner Sunil Joshi has been appointed as coach of Uttar Pradesh Ranji team for a one-year term.
Sports Current Affairs
- Indian cricketer and the captain of the Indian women's cricket team in Tests and ODI Mithali Raj announced her retirement from T20I cricket.
- She led India in 32 T20Is including three Women's T20 World Cups in 2012 (Sri Lanka), 2014 (Bangladesh) and 2016 (India).
- She was also the captain in India Women's first-ever T20I in 2006. With 2,364 runs in 89 T20Is.
- Important Note : Mithali Raj is India Women's highest run-scorer in T20I cricket.
Download June 2019 Month's Current Affairs PDF File from HERE (New)
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