Daily Current Affairs 10 September 2021 – Gkseries

Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 10 September 2021, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.

Daily Current Affairs 10 September 2021

AP Govt. appoints former SBI Chairperson Rajnish Kumar as an economic advisor

The Andhra Pradesh government has appointed Rajnish Kumar as its economic advisor. A former SBI chairman, Rajnish Kumar’s tenure in the cabinet rank position is for two years. Rajnish Kumar who had retired as SBI chairman in October 2020, is an independent non-executive director at the Hong Kong and Shanghai Banking Corporation. He joined SBI as a Probationary officer in 1980.

The appointment comes amid the growing concerns over the state’s financial situation which has been badly hit by the Covid pandemic, even as the opposition has been critical over the sops and freebies being distributed by the Y.S. Jagan Mohan Reddy-led state government. Rajnish Kumar’s appointment is expected to help the state government steer through the financially tough juncture.

Guinness World Records recognize Ronaldo for most goals scored

• Portuguese captain Cristiano Ronaldo broke the world record for most goals scored in men’s international football
• Ronaldo surpassed Iranian striker Ali Daei’s long-held record of 109 international goals by scoring a brace against Ireland in a World Cup Qualifier on Thursday (September 2)
• CR7 at 36 years of age is now a Guinness world record holder of most international goals of all time with 111 goals

The Guinness world book of records has recognized Cristiano Ronaldo as a world record breaker for the most goals scored in international football (soccer) matches scored by an individual (male). Ronaldo achieved the feat scoring goals for his native Portugal between 2003 and 2021 proactively over a span of 18 years with a career still going strong as he looks to overcome yet another new challenge after his move away from Turin with a year left on his contract with the Bianconeri.

Tata AIA Life names Neeraj Chopra as brand ambassador

Tata AIA Life Insurance has announced the signing of a multi-year brand partnership with Indian athlete and Olympic gold medallist Neeraj Chopra, as its brand ambassador. This association also marks the very first brand partnership to be signed with the champion javelin thrower, post his historic win at the recent Tokyo Olympics.

Neeraj Chopra closely embodies Tata AIA’s vision of enabling dreams and inspiring healthier and happier lives and its core value of passion for excellence. He has consistently set high benchmarks and pioneered change through dedication to his sport. Over the next few years, Neeraj will support Tata AIA’s efforts in offering solutions to its consumers across the country.

Tata AIA Life Insurance on Wednesday announced the onboarding of Olympic gold medallist Neeraj Chopra as its brand ambassador in a multi-year deal, aimed at promoting health and wellness among policyholders, and going deeper into tier II and III markets.

The javelin thrower clinched a gold medal at the recently-concluded Tokyo Olympics.

Tata AIA said the association with Chopra, a multi-year brand partnership, also marks the very first brand partnership to be signed with the champion, post his historic Olympic win.

RBI removes lending curbs on UCO Bank

State-owned UCO Financial institution will now not be topic to strict lending curbs imposed in Might 2017, with the Reserve Financial institution of India (RBI) taking the lender out of the immediate corrective motion ( Prompt Corrective Action ) restrictions.

With this, solely two banks stay underneath PCA—Indian Abroad Financial institution and Central Financial institution of India.

The central financial institution makes use of the PCA framework to rein in banks that have breached sure regulatory thresholds in unhealthy loans and capital adequacy. PCA entails curbs on high-risk lending, setting apart extra money on provisions and restrictions on administration wage.

Reserve Bank of India has taken public sector lender UCO Bank out of the Prompt Corrective Action (PCA) framework on improvement in financial and credit profile. This decision gives the bank more freedom for lending, especially to corporations, and grows the network, subject to prescribed norms. The Kolkata-based lender was placed under PCA in May 2017 on account of high Net Net-Performing Assets (NPAs) and negative Return on Assets (RoAs).

Centre appoints G.S Pannu as Officiating ITAT President

The Central Government has appointed G.S. Pannu as President of the Income Tax Appellate Tribunal. 

The appointment is in officiating capacity with effect from the forenoon of 6th September 2021, till the regular President is appointed or until further orders, whichever is earlier.

About the G.S. Pannu:

Mr. Pannu was born on 01 Aug 1962 at Hoshiarpur (Punjab), he is a C.A and joined Government Service 14 September 2000. Presently posted as Vice-President at ITAT, New Delhi. Before joining ITAT, practiced as a Chartered Accountant at New Delhi from 1986-2000.

World Suicide Prevention Day: 10 September

It is observed on 10 September to raise awareness about taking action worldwide to prevent cases of suicide. The purpose of this day is to raise awareness around the globe that suicide can be prevented. The theme for the 2021 World Suicide Prevention Day is “Creating hope through action”.

History of World Suicide Prevention Day:

The International Association for Suicide Prevention (IASP) collaborates with the World Health Organization (WHO) and the World Federation for Mental Health (WFMH) to host World Suicide Prevention Day with various activities around the world since 2003.

Govt appoints 10 merchant bankers for managing IPO of LIC

The government has appointed ten merchant bankers including SBI Capital Market Limited, Goldman Sachs (India) Securities, Citigroup Global Markets India and Nomura Financial Advisory and Securities India to manage the Initial Public Offering, IPO of Life Insurance Corporation of India, LIC.

The IPO of LIC is likely to be launched in the January-March quarter of 2022. The role of merchant bankers in the case of IPO is of Issue management, Promotional activities, Credit syndication, Project counselling, and Portfolio management, etc.

The name of these merchant bankers are:

• Goldman Sachs (India) Securities
• Citigroup Global Markets India
• Nomura Financial Advisory and Securities India
• SBI Capital Market
• JM Financial
• Axis Capital
• BofA Securities
• JP Morgan India
• ICICI Securities
• Kotak Mahindra Capital Co Ltd.

IIT Madras Retains Top Spot in Overall Category of NIRF India Ranking 2021

Education Minister Dharmendra Pradhan released the National Institute of Ranking Framework (NIRF) ranking 2021 on Thursday (September 9). The Indian Institute of Technology (IIT Madras) has retained the top spot in the overall category, followed by IISc Bangalore. The rankings have been released for 11 categories- Overall, University, Management, College, Pharmacy, Medical, Engineering, Architecture, ARIIA (Atal Ranking of Institutions on Innovation Achievements), Law and Research Institutions. The ‘Research Institutions’ category has been included this year.  

• The Union Minister of Education, Shri Dharmendra Pradhan released the NIRF India Rankings 2021, on September 09, 2021 through video conferencing.
• Categories: The NIRF India Ranking 2021 has been announced for eleven categories, which are Overall, University, Management, College, Pharmacy, Medical, Engineering, Architecture, Dental, Law and Research Institutions.
• The Research Institution category has been introduced for the first time in India Rankings 2021.
• The National Institutional Ranking Framework (NIRF) ranking is released by the Ministry of Education. It was launched in 2015 and the first annual ranking list was released in 2016. 

List of Winners

1. Overall – Indian Institute of Technology Madras (IIT Madras)
2. University –  Indian Institute of Science, (IISc) Bangaluru
3. Management – Indian Institute of Management (IIM) Ahmedabad
4. College – Miranda House, Delhi
5. Pharmacy – Jamia Hamdard, New Delhi
6. Medical – All India Institute of Medical Sciences (AIIMS) Delhi
7. Engineering -Indian Institute of Technology (IIT), Madras
8. Architecture – Indian Institute of Technology, Roorkee
9. Dental – Manipal College of Dental Sciences, Udupi
10. Law – National Law School of India University (NLSUI), Bengaluru
11. Research Institutions –  Indian Institute of Science, (IISc) Bangalore

CBDT sets up 3 Boards for Advance Rulings (BAR) to fast-track tax disputes

The Central Board of Direct Taxes (CBDT) has set up three Boards for Advance Rulings (BAR). the Boards will ensure faster disposal of cases and avoid income tax disputes, made operational from September 01, 2021.

• These BARS will take place of Authority for Advance Rulings (AAR) to avoid dispute in respect of assessment of tax liability and to provide tax certainty.
• two BARs have been set up in Delhi and one has been set up in Mumbai.

Difference between AAR and BAR: AAR  rulings were binding both on the applicants and the Tax department. However, advance rulings of BAR shall not be binding on the applicant or the Department and either of them may appeal against the ruling or order passed by the Board before the High Court.

Centre Forms Panel To Frame New Law For Drugs, Cosmetics, Medical Devices; Head – Dr. VG Somani

The government has constituted an eight-member panel to frame a new law for drugs, cosmetics, and medical devices. The panel is being headed by the Drugs Controller General of India (DCGI) Dr VG Somani.

“The government has decided to constitute a committee for framing/preparation of the New Drugs, Cosmetics and Medical Devices Bill so that the New Drugs, Cosmetics, and Medical Devices Act can be framed,” a health ministry order issued recently said.

• The Ministry of health and family welfare has constituted an eight-member expert committee for framing new laws for drugs, cosmetics and medical devices and replace the existing Drugs and Cosmetics Act, 1940.
• The committee will be chaired by Drugs Controller General of India (DCGI) Dr VG Somani.
• The Drugs and Cosmetics Act, 1940 regulated only the import, manufacture, distribution and sale of drugs and cosmetics. The new Drugs, Cosmetics and Medical Devices Act will incorporate regulation of medical devices as well.

Bank of Baroda’s launches digital platform ‘bob World’

Bank of Baroda on Wednesday launched its one-stop digital banking platform ‘bob World’. The application will provide “seamless, contactless, and effortless” banking services under a single roof. With over 220 services, the app, which is available in Google Play Store and App Store, will cover 95% of all retail banking services which can be accessed by domestic and international customers.

The pilot test of the platform began on August 23, 2021. More than 220 services will be converged into this one single app.

RBI approves re-appointment of V. Vaidyanathan as MD & CEO of IDFC FIRST Bank

The Reserve Bank of India (RBI) has given its approval for the re-appointment of V. Vaidyanathan as the Managing Director (MD) & Chief Executive Officer (CEO) of the IDFC First Bank.

• Mr. Vaidyanathan has been appointed for a further period of three years, which will be effective from December 19, 2021.
• He first took charge as the MD & CEO of IDFC FIRST Bank in December 2018, after the merger of IDFC Bank and Capital First.

About IDFC FIRST Bank –

CEO: V. Vaidyanathan

Headquarters: Mumbai

Founded: October 2015

ADB approves $112 million loans to improve water supply infrastructure in Jharkhand

The Asian Development Bank (ADB) has approved a $112 million loan to finance water supply infrastructure in four towns in the state of Jharkhand.

• Asian Development Bank (ADB) and the Government of India have signed a USD 112 million loan to develop water supply infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in the state of Jharkhand.
• This is the first project of ADB in the state of Jharkhand.

ADB approves $300 million loan to expand rural connectivity in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan as additional financing to scale up the improvement of rural connectivity to help boost the rural economy in the state of Maharashtra.

This is in addition to USD 200 million financings, approved by ADB in August 2019. The project is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.