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Current Affairs Quiz–5 5thSeptember, 2017

Current Affairs – 5thSeptember, 2017

  1. 5th September: National Teacher’s Day
  •  The first Teachers’ Day was celebrated in India in 1962. This is the year when Sarvepalli Radhakrishnan began serving as the second president of India. To celebrate his esteemed position, his students suggested that his birthday be celebrated as ‘Radhakrishnan Day’.
  • However, he declined this move and suggested that “Instead of celebrating my birthday, it would be my proud privilege if September 5 is observed as Teachers’ Day.”
  • Teachers’ Day is celebrated to honour the memory of India’s first Vice President and to commemorate the importance of teachers in our lives.
  • He became the first Vice President of India in 1952 and took on the role as the nation’s second President in 1962 until 1967.
  • Radhakrishnan was awarded India’s highest civilian honour, the Bharat Ratna, in 1984 and the British Order of Merit in 1963. He passed away on April 17, 1975 and has till date been nominated eleven times for the Nobel Peace prize.

  1. President Kovind lays foundation stone of SAUNI Yojana
  • President Ram Nath Kovind laid the foundation stone of the second phase of link IV pipeline canal of Saurashtra Narmada Avtaran Irrigation (SAUNI) Yojana in Rajkot.
  • The first phases of link I, II, and III of the SAUNI Project have been inaugurated by Prime Minister Narendra Modi.
  • The project is aimed at bringing the waters of Narmada River to the reservoirs of parched Saurashtra region.
  • President Kovind was on a two- day visit to Gujarat that ended with the said event.
  • On his first day, he visited the Sabarmati Ashram in Ahmedabad, accompanied by Gujarat Chief Minister Vijay Rupani.

  1. Health Ministry launches two new contraceptives
  • The Ministry of Health and Family Welfare has launched two new contraceptives, an injectable contraceptive MPA under the ‘Antara’ programme and a contraceptive pill, ‘Chhaya’, in the public health system to expand the basket of contraceptive choices to meet the emerging needs of couples.
  • The contraceptives, which are available for free in Medical Colleges and District Hospitals at present, have so far been launched in 10 states that includes Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Karnataka, Haryana, West Bengal, Odisha, Delhi and Goa.
  • The contraceptives are safe and highly effective, the ‘Antara’ injectable being effective for three months and the ‘Chayya’ pill for one week, and will help meet the changing needs of couples and help women plan and space their pregnancies.
  • Training of healthcare practitioners from all the states has been completed as well, with a pool of state and district level doctors and staff nurses being trained to support the roll-out.

  1. RBI includes HDFC Bank in the ‘too big to fail’ list
  • The Reserve Bank of India has added HDFC Bank —- the second largest private sector lender of the country — in the list of Domestic Systemically Important Banks (D-SIBs). State Bank of India and ICICI Bank continue to be in that category.
  • Following the global financial crisis of 2008, it was observed that problems faced by certain large and highly interconnected financial institutions hampered the orderly functioning of the financial system, which in turn, negatively impacted the real economy. It was decided to identify such institutions and prescribe them higher capital requirements.
  • The RBI has adopted a system by which banks are plotted into four buckets based on a lender’s systemic importance scores in ascending order. The banking regulator prescribes higher capital requirements — in terms of additional Common Equity Tier 1 (CET 1) capital — for such entities.
  • RBI had started listing D-SIBs from August 2015. SBI and ICICI Bank were identified as D-SIB both in 2015 and 2016.

  1. UNESCO announces winners of literacy prizes
  • UNESCO has announced the winners of the 2017 International Literacy Prizes, which honours excellence and innovation in the field of global literacy.
  • The awards will be handed out to five laureates from Canada, Colombia, Jordan, Pakistan and South Africa on the occasion of International Literacy Day, which falls on September 8.
  • The prizes are divided into two categories, namely the UNESCO Confucius Prize for Literacy sponsored by China, and the King Se jong Literacy Prize sponsored by South Korea.
  • This year’s Confucius Prize, which rewards projects that benefit rural populations and out-of-school youth, particularly girls and women, is given to the AdulTICoProgram from Columbia, The Citizens Foundation from Pakistan, and the FunDza project from South Africa.
  • The King Sejong prize, dedicated to mother-tongue literacy education, is shared by the Centre for the Study of Learning and Performance from Canada and the We Love Reading programme from Jordan.
  • The five winners will each receive a medal, a certificate and $20,000 (₹12.8 lakh).
  • Since 1967, the UNESCO International Literacy Prizes have been awarded to more than 475 projects led by governments, non-governmental organizations and individuals around the world.

  1. Sankara Narayanan takes charge as MD & CEO of Vijaya Bank
  • R A Sankara Narayanan has taken charge as Managing Director and Chief Executive Officer of Vijaya Bank. He has taken over the reigns of the bank from Kishore Sansi, who reached superannuation on August 31.
  • Narayanan is a post-graduate in Public Administration with an MBA in Finance, CAIIB, PGDPM, PGDFM, DTIRM, DCP and BRM.
  • He joined Bank of India as a direct recruit officer in 1983 and has headed various branches, zones and national banking groups across the country and many other departments in the corporate office, including treasury, retail, international banking, corporate credit, risk management, compliance, retail, marketing, recovery and human resources, with overseas assignments in Tokyo and Singapore.
  • As Executive Director of Bank of India from May 2015, he was responsible for treasury, corporate credit, recovery, risk management, compliance apart from international banking, retail, HR, IT, planning and finance.
  • He has represented BoI on various boards including PT Bank of India Indonesia Tbk, Bank of India – Tanzania, Commonwealth Finance Corporation Ltd (CFCL-Hongkong), BoI New Zealand Ltd, BoI Shareholding and SUD Life Insurance


  1. Tamilnad Mercantile Bank gets new MD & CEO
  • KV Rama Moorthy has assumed charge as Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank.
  • Prior to joining TMB, he was Executive Director of United Bank of India. He had also served as ED of Bank of Baroda for a brief period.
  • He succeeds HS Upendra Kamath, whose term of three years came to an end in July, 2017. Rama Moorthy’s appointment is for a period of three years. The bank, which is caught in a number of legal battles over its ownership, has seen quite a churn of people at the helm.

  1. Amritpal Singh creates history, becomes first Indian to be signed by Australian basketball team
  • The captain of the Indian basketball team, Amritpal Singh scripted history by becoming the first Indian-born player to be picked up by an Australian NBL team.
  • He had earlier been a part of the four-member Indian contingent of Amjyot Singh, Yadwinder Singh and Vishesh Bhriguvanshi, who had been a part of the National Basketball League (NBL) Draft Combine in Melbourne, Australia earlier this year. He was then invited by the Sydney Kings for the Atlas Challenge 2017 tournament in China.

  1. India’s Konsam Ormila Devi wins gold at Commonwealth Youth Weightlifting Championships
  • India’s Konsam Ormila Devi bagged a gold medal in 44kg weight category on the opening day of the Commonwealth Youth (boys & girls) weightlifting championships, held at Gold Coast, Australia.
  •   Ormila Devi lifted 57kg in snatch and 76kg in clean and jerk for an overall effort of 133kg, to finish on the top of the podium.

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