Current Affairs Update 7 September 2018

Current Affairs is an important part for many exams. Be prepared for this section with ByScoop which brings all the important Current Affairs in one place. 7 September 2018

PM Modi Inaugurates Global Mobility Summit

• Prime Minister Shri Narendra Modi inaugurated India’s first-ever Global Mobility Summit-MOVE at Vigyan Bhawan in New Delhi on September 7, 2018. It has been organised by the government think-tank Niti Aayog.
• The two day Summit focuses on making Indian cities pollution free to revolutionise the way people travel in India, along with making mobility more connected, shared and seamless..

India and France Signs Implementation Agreement on “MOBILISE YOUR CITY” (MYC)

• India and France have signed an implementation agreement on “MOBILISE YOUR CITY” (MYC) on September 6, 2018.
• The MYC aims at supporting three pilot cities viz. Nagpur, Kochi and Ahmedabad in their efforts to reduce their Green House Gas (GHG) emissions related to urban transport by implementing urban mobility plans at local level and to help India at national level to improve their sustainable transport policy.

First Ever G-20 Education Ministers’ Meeting Held in Argentina

• The Minister of State for Human Resource Development, Dr. Satya Pal Singh lead a high level delegation to the G-20 Education Ministers’ Meeting as well as Joint Ministerial Meeting held at Mendoza, Argentina on 5^th & 6^th September, 2018.
• It was the first ever meeting of Education Ministers in the history of G-20.

India’s e-commerce market to surpass $100 billion by 2022: NASSCOM Report

• According to the report by industry body Nasscom and PwC India, India’s e-commerce market will surpass $100 billion by 2022. The e-commerce market is worth about USD 35 billion at present.
• E-tail and e-travel will continue to hold their sway with over 90 per cent share of e-commerce. Online financial services will experience the fastest growth.
• E-commerce can potentially create one million plus jobs by 2023.

RBI notifies Note Refund rule for new series bank notes

• The Reserve Bank of India has made amendment in the Reserve Bank of India (Note Refund) Rules, 2009 and the same may be called the Reserve Bank of India (Note Refund) Amendment Rules, 2018.
• The new Rules covers all the new series bank notes introduced by the RBI. These rules are applicable for refund/exchange of solied and mutilated bank notes.
• The bank notes may be refunded/exchanged as per Section 28 of RBI Act 1934.
• The full Rules can be read here

Monetary limit for filing cases in DRT doubled to Rs 20 lakh

• The Central government has raised the monetary limit from Rs 10 lakh to Rs 20 lakh for filing application for recovery of debts in the Debts Recovery Tribunals by such banks and financial institutions
• The move is aimed at helping reduce pendency of cases in DRTs.
• There are 39 DRTs in the country.

HDFC Bank is India’s most valued brand: BrandZ India

• HDFC Bank retained its top spot in the BrandZ India Top 50 for the fifth year in a row, growing its brand value by 21 per cent to USD 21.7 billion in 2018.
• As per the  BrandZ Most Valuable Indian Brands report LIC comes in at the second spot (USD 19.8 billion), while Tata Consultancy Services is ranked third.

Anshula Kant appointed SBI Managing Director

• Anshula Kant has been appointed as the Managing Director of State Bank of India (SBI).
• The post of MD, SBI fell vacant after the resignation of  B Sriram, who took over as the MD and CEO of IDBI Bank.
• With this appointment SBI now has four MDs – PK Gupta, DK Khara ,Arijit Basu and Anshula Kant

Mahindra & Mahindra’s Rajan Wadhera elected president of SIAM

• The automobile industry Society of Indian Automobile Manufacturers (SIAM) has elected Rajan Wadhera as its new President. He is the President of Mahindra and Mahindra.
• Maruti Suzuki India MD and CEO Kenichi Ayukawa has been appointed as the Vice President of SIAM.
• SIAM is the apex Industry body representing leading vehicle and vehicular engine manufacturers in India.

Anne Hathaway to receive Human Rights Campaign (HRC) National Equality Award

• Hollywood star Anne Hathaway is set to be honoured with the Human Rights Campaign (HRC) National Equality Award.
• She will be given the prestigious honour in recognition of her continued charity work, particularly with women and the LGBTQ community.

Preeti Shenoy pens new book — “The Rule Breakers”

• Forbes-nominated author Preeti Shenoy will be coming out with a new book, “The Rule Breakers”, later this month.
• Shenoy has previously authored best-selling books like ‘A Hundred Little Flames’ and ‘It’s all in the Planets’.

Hollywood Actor Burt Reynolds Passes Away

Click Here For Daily Current Affairs

Click Here for Daily Current Affairs Quiz