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 27 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. Our gkseries team also provides Daily Current Affairs Quiz for these exams.
Daily Current Affairs 27 September 2021
The Long Game: How the Chinese Negotiate with India book by Vijay Gokhale
China’s relationship with India has wide-ranging economic and security implications for the country. Understanding how the Chinese conduct diplomacy can help India better prepare for future negotiations. In his new book titled, ‘The Long Game: How the Chinese Negotiate with India’, former foreign secretary of India, Vijay Gokhale, unpacks the dynamics of India-China relations through the prism of six historical and recent events. It also covers the learnings for India from its past dealings with China. The book also includes the history of how China has negotiated with India including historical and recent events between both countries. The book gives a practitioner’s insight into strategies, tactics, and tools that China uses for diplomatic negotiations.
World Environmental Health Day: 26 September
In 2011, the International Federation of Environmental Health (IFEH) declared to observe World Environmental Health Day on 26 September every year.
The central idea behind celebrating this day is that the health of the human race is irrevocably intertwined with the health of the environment. Therefore, in order to protect and advance human health, preserving and enhancing the planet’s health is not a matter of choice instead of a matter of concern.
The Theme for the 2021 World Environmental Health Day: “Prioritizing Environmental Health for healthier communities in the global recovery.”
The IFEH was established in 1986 and is based in London, England.
World Tourism Day: 27 September
World Tourism Day is observed worldwide on September 27 since 1980. This date was chosen by the United Nations World Tourism Organization (UNWTO) as on that day in 1970, the Statutes of the UNWTO were adopted. The purpose of this day is to raise awareness of the role of tourism within the international community and to demonstrate how it affects social, cultural, political, and economic values worldwide. In the ongoing pandemic times, it is important to raise awareness about the tourism sector given that 90% of world heritage sites closed as a result of the pandemic last year and young people in rural communities were unemployed.
The theme for World Tourism Day 2021 is “Tourism for Inclusive Growth”. UNWTO has designated it as an opportunity to look beyond tourism statistics and acknowledge that, behind every number, there is a person.
PM Narendra Modi addresses 76th session Of UN General Assembly
Prime Minister Narendra Modi reached New York to address the 76th session of the United Nations General Assembly. PM Modi is the first world leader scheduled to address the UN General Assembly. The UN General Assembly session is likely to commence from 6.30 pm IST.
The theme of the 2021 UN General Assembly session was building resilience through hope – to recover from Covid-19, rebuild sustainably, respond to the needs of the planet, respect the rights of people, and revitalize the United Nations.
During the address, PM spoke on various global issues such as the Covid-19 pandemic, the need to combat terrorism focusing on Afghanistan and Extremism, and the need to strengthen the United Nations. Over 109 heads of state and government addressed the UN General Assembly while around 60 addressed the debate through pre-recorded video statements at the event.
Supreme Court introduces FASTER (Fast and Secured Transmission of Electronic Records) System
The Supreme Court has introduced the ‘Fast and Secured Transmission of Electronic Records’ (FASTER) system, by which the crucial decisions can be communicated electronically to prison authorities and investigating agencies.
A three-judge bench of Chief Justice N.V. Ramana, Justice Nageswara Rao and Justice Surya Kant has instructed state governments, Union territories, prison departments, and other authorities concerned to make arrangements at prisons to accept e-authenticated copies.
Ministry of Defence inks deal with Airbus Defence & Space, Spain for 56 C-295MW transport aircraft for IAF
Ministry of Defence (MoD) signed a contract with M/s Airbus Defence and Space, Spain for the acquisition of 56 C-295MW transport aircraft for the Indian Air Force, on September 24, 2021. The MoD has also signed an Offset Contract with M/s Airbus Defence and Space through which M/s Airbus will discharge its offset obligations through direct purchase of eligible products and services from Indian Offset Partners. These contracts were signed following the approval accorded by the Cabinet Committee on Security earlier this month. The C-295 aircraft will replace the ageing Avro HS-748 aircraft fleet of the Indian Air Force (IAF).
The first 16 aircraft in the deal will be delivered in fly-away condition while the remaining 40 will be assembled in India by Tata Advanced Systems Limited (TASL), as part of an industrial partnership between Airbus and TASL. The IAF will be the 35th operator of the C-295 worldwide.
RBI allows lenders to sell fraud loans to Asset Reconstruction Companies
The Reserve Bank of India has allowed lenders/banks to transfer loans that have been classified as fraud by these lenders to Asset Reconstruction Companies (ARCs). Stressed loans including fraud loans that are in default for more than 60 days or classified as NPA are permitted to be transferred to ARCs. Banks will now be able to transfer to ARCs loan exposures classified as a fraud as on the date of transfer, provided that the responsibilities of the bank with respect to continuous reporting, monitoring, filing of complaints with law enforcement agencies and proceedings related to such complaints shall also be transferred to the ARC.
Here are figures for loans declared as fraud by banks for various financial years:
- For 2020-21 (FY21)– loans worth Rs 1.37 trillion were declared as fraud
- For 2019-20 (FY20)– loans worth Rs 1.81 trillion declared as fraud
- For 2018-19 (FY19)– loans worth Rs 64,539 crore declared as fraud
RBI fixes minimum ticket size for issuance of securitisation notes at Rs.1 crore
Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021, exposures to securitisations that are STC (simple, transparent, and comparable)-compliant can be subject to the alternative capital treatment. As per the guidelines of RBI, the minimum ticket size for the issuance of securitization notes will be Rs.1 crore.
What is Securitisation?
Securitisation involves transactions where credit risk in assets is redistributed by repackaging them into tradeable securities with different risk profiles which may give investors of various classes access to exposures which they otherwise might be unable to access directly.
What are securitization notes – it means securities issued by the special purpose entity as a part of a securitization.
Lewis Hamilton wins the Russian Grand Prix 2021
Lewis Hamilton finally gets his 100th Grand Prix victory albeit in a race that was heartbreaking for Lando Norris. The McLaren driver Red Bull’s Max Verstappen, who started last, finished second and Carlos Sainz ended third.
Max Verstappen (Red Bull – Netherlands) came second while Valtteri Bottas (Mercedes-Finland) came third in the Russian Grand Prix 2021.
Jyothi Surekha Vennam wins silver medal at World Archery Championship
Jyothi Surekha Vennam finished her 2021 World Archery Championship campaign with a third silver medal after losing the final of the Compound Women’s Individual event to Sara Lopez of Colombia. She lost to Sara Lopez of Colombia 146-144 in the Finals.
World Rivers Day 2021: 26 September (4th Sunday of September)
The 4th Sunday in September is a chance to celebrate the world’s waterways that bring life to our countries, to raise global awareness of the need to support, protect and preserve the rivers around the world.
This year’s theme for World Rivers Day is “Day of Action for Rivers” which celebrates the role of women in protecting and managing rivers. The day was recognised by the United Nations in 2005 upon the proposal initiated by internationally renowned river advocate, Mark Angelo.
75 Divyangjan felicitated with Hunarbaaz Awards
The National Institute of Rural Development and Panchayati Raj, Hyderabad under the auspices of the Ministry of Rural Development presented Hunarbaaz Awards to 75 differently-abled candidates from 15 states on September 25, 2021. The award ceremony was organised to commemorate Antyodaya Diwas that marks the birth anniversary of Pandit Deen Dayal Upadhyaya and also as part of Azadi ka Amrit Mahotsav. The awards have been designed for those candidates who were trained through Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Rural Self Employment Training Institutes (RSETI) schemes of the Ministry in various trades, then got placed and worked in the organizations for more than one year or were successfully settled in the trade of their choice as self-employed.
