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Most Important Current Affairs of the Day- 9.11.2019

Most Important Current Affairs of the Day- 9.11.2019

1. India to host men’s hockey World Cup for a record 4th time

  • India have been named as the host country for 2023 men’s hockey World Cup, which is scheduled to be held from January 13 to January 29.
  • This is the second consecutive time that India will be hosting the World Cup.
  • India will also become the first country to host the men’s hockey World Cup four times.
  • The competition format of the 2023 World Cup will be the same as the last edition.
    Important Possible questions based on above News:
    1. Which country will host the 2023 men’s hockey World Cup? India
    2. Which nation has become the first to stage four men’s Hockey World Cups? India

2. Indian Bank, Muthoot Microfin sign MoU

  • Public sector Indian Bank said it has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises.
  • Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers
  • Indian Bank general manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin deputy CFO Praveen T in the presence of the bank’s managing director and CEO Padmaja Chunduru recently.

    About Indian Bank:

    • Founded: 15 August 1907
    • Headquarters: Chennai, India
    • MD & CEO: Ms. Padmaja Chunduru
    Important Possible questions based on above News:
    1. Which public sector bank has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises? Indian Bank
    2. Recently Indian Bank has signed a memorandum of understanding with whom to serve micro, small and medium enterprises? Muthoot Microfinance

3. Exim Bank gives USD 30 mn line of credit to Ghana

  • The Export-Import (Exim) Bank has provided a USD 30 million line of credit to Ghana for potable water project in the country.
  • Exim Bank has entered into an agreement with Ghana for a line of credit (LoC) of USD 30 million (about Rs 210 crore) for financing rehabilitation and up-gradation of potable water system in Yendi, Ghana
  • The agreement under the LoC (soft loan or loan with low interest rate) is effective from October 11, 2019.
  • Under the LoC, the terminal utilisation period is 60 months after the scheduled completion date of the project.

    About Exim Bank (India):

    • Founded: 1 January 1982
    • Headquarters: Mumbai, India
    • Managing Director: David Rasquinha

    About Ghana:

    • Capital: Accra
    • President: Nana Akufo-Addo
    • Vice-President: Mahamudu Bawumia
    • Currency: Ghanaian cedi
    Important Possible questions based on above News:
    1. Which finance institution has provided a USD 30 million line of credit to Ghana for potable water project in the country? Exim Bank
    2. Recently Export-Import (Exim) Bank has provided a ___ line of credit to Ghana for potable water project in the country. USD 30 million

4. Kumar Mangalam Birla gets UAE ABLF Global Asian Award

  • Kumar Mangalam Birla, chairman of the Aditya Birla Group, received the prestigious ABLF Global Asian Award in Dubai.
  • The award, backed by the UAE government, honours Birla for being a “powerful individual whose business footprint and commitment to excellence have engaged international interest and attention.

     

  • The previous recipients of the award include Dhirubhai Ambani, Lakshmi Mittal, Mohamed Ali Alaber, chairman of Emaar group, and Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Emirates.
  • Important Possible questions based on above News:
    1. Which Indian industrialist has recieved the prestigious ABLF Global Asian Award in Dubai? Kumar Mangalam Birla (chairman of the Aditya Birla Group)

5. Nasera Sharma’s novel to get 29th Vyas Samman

  • A novel by noted Hindi author and Sahitya Akademi awardee Nasera Sharma, Kaagaz Ki Naav (Paper Boat), published in 2014 has been chosen for the 29th Vyas Samman.
  • Born in 1948 in Allahabad, Sharma has a master’s degree in Persian language and literature; and has a command over Hindi, Urdu, English and Pashto. She is also an expert in Iranian society and politics.
  • Her repertoire includes short stories, novels, memoirs, translations, and criticism pieces.

    About Vyas Samman:

    • The prestigious award is given annually to an outstanding literary work in Hindi authored in the last 10 years.
    • The Vyas Samman, instituted in 1991, carries a cash prize of Rs 4 lakh, a citation, and a plaque.
    • Awarded by: K.K. Birla Foundation
    Important Possible questions based on above News:
    1. Who will be conferred with the prestigious ‘Vyas Samman’ 2019 for her novel ‘Kaagaz Ki Naav (Paper Boat)’? Nasera Sharma
    2. Name the novel, which has been chosen for the 29th Vyas Samman? Kaagaz Ki Naav (Paper Boat)

6. Indian Railways launches three online applications to strengthen IT enablement of railways

  • Indian Railways launched three applications for all-India rollout to strengthen the IT enablement of railways which will help ensure proper monitoring of projects being undertaken by Indian Railways and will boost the vision of Digital India. The details and the salient features of these three applications are as under:
  1. CRS Sanction Management System: CRS Sanction is an important aspect in construction, maintenance and up-gradation of railway assets. An online application for CRS Sanction Management has been developed in which all works pertaining to level crossings (closure, manning, shifting etc.) and minor bridges.
  2. Rail-road crossing GAD approval system: This project for online e-Governance platform was developed by Ministry of Railways and Ministry of Road Transport & Highways to expedite preparation, processing & approval of General Agreement
    Drawings (GADs) related to construction of Road Over Bridges (ROB)/Road Under Bridges (RUB).
  3. TMS for construction: This application has been developed for new assets being constructed by the construction/project organisation.
    Important Possible questions based on above News:
    1. Name the application recently developed by the Ministry of Railways and Ministry of Road Transport and Highways, whose purpose is to expedite the approval process for the preparation of General Contract Drawing (GAD) related to Road Over Bridge (ROB) / Road Under Bridge (RUB) road construction? Rail-road crossing GAD approval system
    2. Recently Indian Railways has released __ new online apps to strengthen operational technology. three

7. Santosh Rangnekar quits as BCCI CFO

  • The Indian Cricket Board’s chief financial officer Santosh Rangnekar tendered his resignation, becoming the first high- profile executive of the CoA era to quit.
  • Rangnekar was BCCI’s first-ever CFO and remained under the scanner during three years in his job.
  • He had also filed a complaint against former treasurer Anirudh Chaudhry for threatening him physically, a claim many in the BCCI found outrageous.

    About BCCI:

    • Founded: 1928
    • Headquarters: Wankhede Stadium
    • Location: Churchgate, Mumbai, Maharashtra, India
    • President: Sourav Ganguly
    • CEO: Rahul Johri
    • Vice president: Mahim Verma
    • Secretary: Jay Shah
    • Men’s coach: Ravi Shastri
    • Women’s coach: W. V. Raman
    Important Possible questions based on above News:
    1. Recently who has resigned from the post of BCCI’s Chief Financial Officer? Santosh Rangnekar
    2. Recently Santosh Rangnekar has resigned from the post of BCCI’s ___. Chief Financial Officer

8. Mauritius Elects Incumbent PM for Five-Year Term

  • Pravind Jugnauth’s ruling Militant Socialist Movement (MSM) won more than half of parliamentary seats, securing incumbent Pravind Jugnauth a five-year term.
  • MSM won 38 of the 62 seats up for grabs while its rivals, the Labour Party and the Mauritian Militant Movement (MMM), garnered 13 and 9 seats respectively
  • Two seats on the island of Rodrigues were won by the Organisation of the People of Rodrigues (OPR) party.
  • Jugnauth, 57, became prime minister in 2017 when his father stepped down from the post, and has already introduced a minimum wage to try and improve wealth distribution.

    About Mauritius:

    • Capital: Port Louis
    • President: Barlen Vyapoory
    • Prime Minister: Pravind Jugnauth
    • Currency: Mauritian rupee
    Important Possible questions based on above News:
    1. Recently, Pravind Jugnauth has been elected as Prime Minister of which African country? Mauritius
    2. Who is the current President of Mauritius? Barlen Vyapoory

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