Current Affairs: Daily GK Update 16th September 2017

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Study Daily Current Affairs from Daily GK Update on Bankersadda and Adda247 app, and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS RRB PO and with the daily dose of current affairs, you can easily prepare G.A and score well.


1. President Kovind launched nationwide campaign: "Swachhata Hi Sewa"

i. President Ram Nath Kovind launched a nation-wide campaign Swachhata Hi Sewa from Kanpur, Uttar Pradesh.
ii. He will administer nation-wide Swachhta Hi Seva pledge initiating parallel action in all the two lakh 50 thousand plus Gram Panchayats and cities in India.
iii. The objective of the campaign is to mobilize people and reinforce the Jan Aandolan for sanitation to contribute to Mahatma Gandhi's dream of a Clean India.

2. India Signs Loan Deal with Japan

i. The Government of India signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA) for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards.
ii. The total cost of the project will be $ 111 million, out of which $76 million will be provided as a soft loan from JICA. The project will be executed by Gujarat Maritime Board (GMB) and is likely to be completed by 2022.

Important Takeaways from Above News-
  • Tokyo is the Capital of Japan. 
  • The Japanese Yen is the third most traded currency in the world. 
  • Shinzo Abe is the PM of Japan.

3. India’s Forex Reserves Top $400 billion for the First Time

i. According to the RBI Data, India’s foreign-exchange reserves rose past $400 billion for the first time ever, strengthening policymakers’ buffers ahead of an expected reduction in US stimulus.
ii. The stockpile stood at $400.7 billion. With the Federal Reserve set to shrink its balance sheet—details of which could be announced recently, the holdings may help the rupee withstand any volatility even if global funds turn away from India’s slowing economy.

Important Takeaways from Above News-
  • Arun Jaitley is the current Finance Minister of India.

4. India's First Centre for Animal Law Set up at NALSAR

i. India's first Centre for Animal Law has been established at the city-based NALSAR University of Law in Hyderabad, Telangana. Union Minister for Women and Child Development Maneka Gandhi inaugurated the centre.
ii. HSI-India Managing Director N G Jayasimha has been appointed as the honorary director of the Centre. The Centre will create curriculum on animal welfare laws, including developing topics for research

Important Takeaways from Above News-
  • Maneka Gandhi is the Union Minister for Women and Child Development.

5. HDFC Bank is India’s Top Brand: BrandZ Top 50 Report

i. India’s second largest private sector bank HDFC Bank topped the list of the country’s top 50 brands according to a report released by marketing and advertising conglomerate WPP Plc and Kantar Millward Brown. The bank has retained the top slot for the fourth year in a row. Banks and telcos dominate the listing, WPP’s BrandZ Top 50.
ii. Airtel is at 2nd spot and State Bank of India is at 3rd. According to the report, consumption of packaged consumer goods fell 4.2% and 2.4% year on year in November and December 2016 respectively but recovered 0.6% in March this year and 3.9% in April.

Important Takeaways from Above News-
  • Aditya Puri is the CEO of HDFC Bank.
  • It headquarters in Mumbai, Maharashtra.

6. India’s First Lithium-Ion Battery Unit in Gujarat

i. Suzuki Motor will invest more than Rs 1,150 crore along with Japanese partners Toshiba and Denso to set up India's first lithium-ion battery facility in Gujarat.
ii. The announcement by the parent of the country's largest carmaker, Maruti Suzuki is a major boost to the government's ambitious vehicle electrification and Make in India initiatives. In the battery venture, Suzuki will hold half the stake, while Toshiba will own 40% and Denso the remaining 10%.

Important Takeaways from Above News-
  • Osamu Suzuki is the chairman of Suzuki Motor.

7. IAF Completes Development Trials of Astra air-to-air Missile

i. Final development trials of indigenous beyond visual range air-to-air missile Astra were successfully concluded into the Indian Air Force. The trials were conducted over the Bay of Bengal off Odisha coast at Chandipur, with the missile being test-fired from a Su-30 fighter aircraft.
ii. The missile has been designed to be capable of engaging high-speed targets at short range, up to 20 km in tail-chase mode and long range, up to 80 km in head-on chase mode.

Important Takeaways from Above News-
  • Nirmala Sitharaman is the newly appointed Defence Minister of India.
  • S. Christopher is the Chief of DRDO

8. International Day for the Preservation of the Ozone Layer: 16 September

i. The International Day for the Preservation of the Ozone Layer is observed globally on 16 September every year.  The theme for 2017 is 'Caring for all life under the sun'.
ii. This year marks the 30th anniversary of the Montreal Protocol. As part of the anniversary celebrations, the Ozone Secretariat launched a communication campaign #OzoneHeroes ahead of World Ozone Day.

9. MPEDA Bags Rajbhasha Keerti Award

i. The Marine Products Export Development Authority (MPEDA) has been awarded National level Rajbhasha Keerti Award for the third consecutive year. MPEDA Chairman A Jayathilak received the award from President Ram Nath Kovind.
ii. This award has been given to MPEDA for the best Implementation of Official language in the organization.

Important Takeaways from Above News-
  • Vijaya Bank has bagged the first prize under the Rajbhasha Kirti Puraskar (Region C) for the year 2016-17.

10. World's Oldest Person Dies at 117

i. The world's oldest person Violet Mosse-Brown from Jamaica has died at the age of 117. She was born on March 10, 1900, in Jamaica.
ii. The prime minister of Jamaica, Andrew Holness, informed about Mosse-Brown's death. Brown had been given the honor in April 2017 when Italy's Emma Morano died, also at the age of 117. 
iii. With the death of Brown, Japanese 117-year-old Nabi Tajima is now the known oldest human on the planet.

Important takeaways from Above News-
  • Kingston is the Capital of Jamaica.

11. Salman Khan Honored with Global Diversity Award

i. Bollywood star Salman Khan received a Global Diversity Award at Britain’s House of Commons.
ii. Salman received the award from Keith Vaz, British Parliament’s longest-serving Asian MP.

Important takeaways From Above News-
  • The Global Diversity Award is given to people of immense stature in terms of what they have done for diversity in the world.


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