Posted by admin 22/09/2017 2 Comment(s)

Current Affairs: Daily GK Update 21st September 2017

Dear Readers,
i. The Union Cabinet has approved the revamped Khelo India program at a cost of Rs.1,756 crore for the period 2017-18 to 2019-20.
ii. The Programme aims at mainstreaming sport as a tool for individual development, community development, economic development
and national development.
iii. Important features of the Program include:
  1. An unprecedented Pan Indian Sports Scholarship scheme, which would cover 1,000 most talented young athletes. 
  2. Each athlete selected under the scheme shall receive an annual scholarship worth Rs. 5.00 lakh for 8 consecutive years. 
  3. This is the first time ever that a long-term athlete development pathway would be made available to gifted and talented youngsters
  4. to excel in competitive sports.
  5. The Program aims to promote 20 universities across the country as hubs of sporting excellence, which would enable talented
  6. sportspersons to pursue the dual pathway of education and competitive sports.  
  7. The Programme would cover about 200 million children in the age group of 10-18 under a massive national physical fitness drive.
i. The World Health Organization (WHO) has released its first tranche of emergency funding of $175,000 to provide life-saving healthcare
to the "vulnerable population" in Bangladesh's Cox's Bazar.

ii. The WHO South-East Asia Regional Health Emergency Fund (SEARHEF) grant will support 20 mobile medical teams to provide essential

services for at least two months.

Important Takeaways from Above News-
  • Tedros Adhanom Ghebreyesus is the newly appointed Director-General of World Health Organization.
  • WHO headquarters in Geneva, Switzerland.
i. World trade in goods is estimated to grow at a higher 3.6 percent in 2017 compared to 1.6 percent increase in 2016, according to
revised estimates circulated by the World Trade Organisation.

ii. Growth in global trade was earlier projected at 2.4 percent in 2017 by the WTO, which attributed the improved outlook to a resurgence

of Asian trade flows. This was mainly due to intra-regional shipments picking up and a recovery in import demand in North America.

Important Takeaways from Above News-
  • Roberto Azevêdo is the sixth Director-General of the WTO.
i. China restored the maximum speed of bullet trains on the Beijing-Shanghai high-speed railway line to 350 kilometers per hour,
making it the fastest commercially run train, six years after it reduced the speed due to a fatal accident.

ii. The speed was reduced to 300 kilometers per hour following the deadly accident in July 2011 that killed 40 people.

Important Takeaways from Above News-
  • China has the world’s longest high-speed rail network of over 22,000 kilometers, about 60 percent of the world’s total.
i. Fifty countries have signed a treaty to ban nuclear weapons, a pact that the world’s nuclear powers spurned but supporters
hailed as a historic agreement nonetheless. 

ii. More than 120 countries approved the new nuclear weapons ban treaty in July 2017 over opposition from nuclear-armed

countries and their allies, who boycotted negotiations.

Important Takeaways from Above News-
  • The United Nations is Headquartered in New York, United States. 
  • Irina Bokova is the Present Director-General of UNESCO.
i. After a year or more of due-diligence, the RBI has notified that peer-to-peer (P2P) lending platforms need to be regulated and treated on
par with non-banking financial companies (NBFCs). 
ii. The final regulatory framework for P2P lenders is still awaited. Few important P2P lending platforms in India are LenDen Club, Faircent, Qbera,
Lendbox, Rupaiya Exchange and Monexo.
i. Fino Payments Bank has launched its mobile banking app called BPay. Fino aims to make banking easy for millions of underbanked people in
India. The upgraded BPay app is available on Android at present.

ii. An interesting feature of the mobile app is that it allows customers to seamlessly access wallet as well as savings account, with a single login and


Important Takeaways from Above News-
  • Rishi Gupta is the Managing Director and Chief Executive Officer of Fino the Paytech.
  • FINO PayTech is headquartered in Mumbai.
i. National Payments Corporation of India (NPCI) has appointed B Sambamurthy as interim Chairman of the board. He will replace M Balachandran,
who was Non-Executive Chairman of NPCI.

ii. Sambamurthy was formerly Director and CEO of the Institute for Development and Research in Banking Technology (IDRBT) and Chairman and

Managing Director of Corporation Bank prior to that. 

Important Takeaways from Above News-
  • NPCI is the umbrella organization for all retail payment systems in the country
  • B Sambamurthy has been the nominee director from the Reserve Bank of India (RBI) on the board of NPCI since December 5, 2013.
i. India has replaced China as the top retail destination in 2017 as part of the global retail development index. The change in ranking was an outcome of
four factors including increased consumer spending beyond essentials, rising mobile and internet penetration, favorable foreign investment climate and
bold action on cashless transaction and GST.

ii. In addition to the bigger retailers and brands, the mid-size brands from across the world are also looking to cash on the relaxed retail policy in India.

Important Takeaways from Above News-
  • Arun Jaitley is the Cabinet Minister of Finance.
i. A Nigerian, Zannah Mustapha has won the UN High Commission for Refugees (UNHCR) 2017 Nansen Refugees Award. He is the Director of
Future Prowess Islamic Foundation School. Mr. Mustapha is the first Nigerian recipient of the award.

ii. Mr. Mustapha was chosen as the winner of the award for his humanitarian work in championing the rights of children.

Important Takeaways from Above News-
  • The office of the United Nations High Commissioner for Refugees (UNHCR) was created in 1950.
  • In 1954, UNHCR won the Nobel Peace Prize for its groundbreaking work in Europe.
  • Filippo Grandi is the 11th United Nations High Commissioner for Refugees.
i. The official emblem and slogan for FIFA Women's World Cup France 2019 were unveiled in Paris, France. The emblem features the competition
trophy wrapped in blue and white, with eight shards of light around football at the top of the trophy symbolizing the eighth edition of the FIFA Women's World Cup.

ii. The slogan of the tournament "Dare To Shine" reflects the development of football, especially women's football.

Important Takeaways from Above News-
  • Gianni Infantino is the President of FIFA.
  • The 2019 edition of FIFA Women's World Cup will take place from June 7 to July 7, 2019.
i. Asian champions G. Lakshmanan and P. U. Chitra won gold medals in the athletics events of the fifth Asian Indoor and Martial Arts Games in Ashgabat,

ii. Tamil Nadu’s Lakshmanan won the men’s 3000m while Kerala’s Chitra, who was not cleared by the national body Athletics Federation of India for the recent

World Championships in London despite making the cut, took the women’s 1500m title.

Important Takeaways from Above News-
  • Ashgabat is the Capital of Turkmenistan.


2 Comment(s)

Adil Rashid:
27/09/2018, 10:50:00 AM, facebook.com

Hey there, thanks for such a useful article. I really appreciate your work. Providing Current affairs on a daily base. Good work

thomas sanders:
27/09/2018, 10:51:24 AM, athenanet-pgt.com/ugc-net-lucknow

I got useful detail from the above affairs. And they are well described. Nice

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