29th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

29 September 2021
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29th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 29th September 2021 covering the following news headlines: World Heart Day, Fumio Kishida, All India Management Association, Parshuram Kund, Swachh Survekshan, Indian Premier League.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 29th September 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 15 Daily GK Updates: National & International News

Here is providing below the top 15 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. Hardeep Singh Puri launches 7th edition of Swachh Survekshan

• Union Housing and Urban Affairs Minister, Hardeep Singh Puri has launched the 7th edition of Swachh Survekshan 2022. The seventh edition of the annual cleanliness survey in the urban areas, under which district rankings have been introduced for the first time. The voice of senior citizens and young adults will also be given priority.
• This survey will create a level playing field for smaller cities by introducing 2 population categories:-under 15,000 & btw 15,000-25,000. The scope of the survey has been expanded to now cover 100 per cent wards for sampling as compared to 40 per cent in previous years, according to the ministry.
• The Mission is also committed to continuously engage with citizens to improve the quality of public sanitation infrastructure and services. To this end, the ‘Sarvajanik Shauchalay Safai Jan Bhagidari Utsav’ will be facilitated to assess the quality of community and public toilets and capture citizen feedback for process improvement in future.

2. India to bag IAEA external auditor job

• India has been elected as the external auditor to the International Atomic Energy Agency (IAEA), a prestigious institution that promotes peaceful use of nuclear energy, for a period of six years from 2022 to 2027 after beating Germany and the United Kingdom among other counties.
• India's comptroller and auditor general GC Murmu was selected as the external auditor of IAEA and the ministry of external affairs (MEA).
• In the first round of voting for the post, Germany got 36 votes, India 30, the UK eight, Russia 11, Turkey 9, Egypt 20, Republic of Korea 2 and the Philippines 7 votes. The second round boiled down to the race between India and Germany with India managing to beat the European country.

Important takeaways for all competitive exams:

• IAEA Headquarters: Vienna, Austria;
• IAEA Founded: 29 July 1957.

International News

3. Fumio Kishida to become Japan's next PM

• Japan’s former Foreign Minister, Fumio Kishida has won the ruling party’s leadership election, virtually ensuring that he will become the country’s next prime minister.
• Kishida won 257 votes in a runoff to defeat Taro Kono, a popular vaccines minister who previously held the positions of defence and foreign minister.
• The 64-year-old replaces outgoing party leader Prime Minister Yoshihide Suga, who is stepping down after serving only one year since taking office last September.
• Kishida previously served as LDP policy chief and was foreign minister between 2012-17, during which he negotiated accords with Russia and South Korea, with whom Japan’s relations are often frosty.

Important takeaways for all competitive exams:

• Japan Capital: Tokyo;
• Japan Currency: Japanese Yen.

State News

5. GoI starts work to develop ‘Parshuram Kund’ in Arunachal pradesh

• The government of India has started work for the development of ‘Parshuram Kund’, a Hindu pilgrimage site on the Brahmputra plateau in the lower reaches of the Lohit river in Arunachal Pradesh.
• The project costing Rs 37.88 crore was sanctioned under the Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) Scheme of the Ministry of Tourism.
• The ‘National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive’ (PRASHAD) is a Central Sector Scheme launched in 2014-15 with complete financial assistance by the Government of India.
• It was targeted to develop tourism infrastructure to harness pilgrimage and heritage tourism destinations for its direct and multiplier effect upon employment generation and economic development.

Important takeaways for all competitive exams:

• Arunachal pradesh CM: Pema Khandu;
• Arunachal Pradesh Governor: B. D. Mishra.

Appointments News

5. CavinKare CMD CK Ranganathan named as new AIMA president

• Chairman & managing director CavinKare Pvt Ltd, CK Ranganathan has been appointed president of All India Management Association (AIMA) for a period of one year till the National Management Convention is held in September 2022.
• He takes over from Harsh Pati Singhania, vice chairman & managing director, JK Paper Ltd. Under his leadership, technology will drive AIMA''s services and the new initiatives would include face recognition tools for admission and recruitment testing services and remotely proctored semester examination for education institutes.
• AIMA is the national apex body of the management profession in India. It works closely with industry, government, academia and students to further the cause of the management profession in India.

6. Aveek Sarkar re-elected as Press Trust of India Chairman

• Aveek Sarkar, the Editor Emeritus and Vice Chairman of the Ananda Bazar Group of Publications, was re-elected Chairman of Press Trust of India (PTI), the country's largest premier news agency.
• Sarkar is a man of varied interests and counts books, food, wine and art among his principal loves. He was captain of the Royal Calcutta Golf Club (RCGC) for 10 years. Sarkar's re-election for a two-year term was ratified by PTI's Board of Directors at their meeting.
• K N Shanth Kumar, Director of The Printers (Mysore) Pvt. Ltd. which brings out Deccan Herald and Kannada language daily Prajavani, was elected as the Vice-Chairman.

Important takeaways for all competitive exams:

• PTI Headquarters location: New Delhi.
• PTI Founded: 27 August 1947.

Banking News

7. RBI imposes 2 cr penalty on RBL Bank for deficiencies in regulatory compliance

• The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on RBL Bank for non-compliance with provisions of the Banking Regulation Act, 1949. RBI said the penalty has been imposed in exercise of powers vested in it under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Act.
• An examination carried out by the RBI showed that the private lender was non-compliant in opening five savings deposit accounts for a cooperative bank.
• The Reserve Bank of India (RBI) also fined the Jammu and Kashmir (J&K) State Co-operative Bank, Srinagar with an Rs 11 lakh penalty for inadequacy in regulatory adherence.
• According to the report, contravention of section 23 read with section 56 of the Banking Regulation Act, 1949 as the J&K State Co-operative Bank had opened branches without getting a prior nod from RBI.

Important takeaways for all competitive exams:

• RBL Bank Founded: August 1943;
• RBL Bank Headquarters: Mumbai;

• RBL Bank MD & CEO: Vishwavir Ahuja.

8. RBI sets WMA Limit for Central Government for at Rs. 50,000 crore

• The Reserve bank of India has set the limit for Ways and Means Advances (WMA) for the second half of the financial year 2021-22 i.e October 2021 to March 2022 at Rs. 50,000 crore.
• The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.
• The Reserve Bank retains the flexibility to revise the limit at any time, in consultation with the Government of India, taking into consideration the prevailing circumstances.

The interest rate on WMA/overdraft will be:

• For WMA: Repo Rate
• For Overdraft: Two per cent above the Repo Rate

Important takeaways for all competitive exams:

• RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Economy News

9. MCA extends the tenure of Company Law Committee by 1 year

• The Ministry of Corporate Affairs (MCA) has once again extended the tenure of the Company Law Committee by one year until September 16, 2022.
• Corporate affairs secretary Rajesh Verma is the present chairperson of the committee. The committee was constituted in 2019 and has a total of 11 members.
• The committee was set up to suggest measures to improve the functioning of the National Company Law Tribunal (NCLT), make recommendations on issues pertaining to the implementation of the Companies Act and Limited Liability Partnership Act. The tenure of the panel was extended in 2020 also, till September 17, 2021.

Important takeaways for all competitive exams:

• Minister of Corporate Affairs: Nirmala Sitharaman.

Sports News

10. Rohit Sharma first to score 1,000 runs against one team in IPL

• Rohit Sharma became the first batter in the Indian Premier League (IPL) history to score 1000 runs against a single team during Mumbai Indians’ (MI) contest against Kolkata Knight Riders (KKR) at the Sheikh Zayed Stadium, Abu Dhabi.
• The 34-year-old achieved the feat in the fourth over of MI’s innings. Rohit now has 1015 runs against KKR at an average of 46.13 and a strike rate of 132.16, including six fifties and one hundred.

11. US beats Europe Won Ryder Cup golf tournament

• The United States has clinched the 2021 Ryder Cup after rookie Collin Morikawa secured the final half-point to get to a 19-9 victory, which is the largest margin of victory in Ryder Cup history since the 28-point format came about.
• It's the first time since 1979 and 1983 that Team USA won back-to-back home Ryder Cups after winning in 2016 at Hazeltine. The Americans lost in 2018 in France and seven of the last 10 Ryder Cups against Europe, so a dominant 2021 victory could change the tide in the rivalry.

12. ICC launches T20 World Cup anthem

• The International Cricket Council has launched the official anthem of the upcoming T20 World Cup along with a campaign film featuring 'avatars' of Indian batting maestro Virat Kohli and West Indies skipper Kieron Pollard.
• The song is composed by Bollywood music director Amit Trivedi, an animated film that features young fans from all over the world engaged in T20I cricket and includes some of the sport's biggest superstars.
• The tournament will begin on October 17 in Oman and UAE, with the final to be played in Dubai on November 14.

Important Days

13. World Heart Day Observed On September 29

• World Heart Day is celebrated on 29 September annually to draw people’s attention to heart illness and the range of associated health issues.
• The day which is celebrated annually creates awareness of Cardiovascular Disease (CVD) including heart disease & stroke and highlights the preventive and control measures.
• The day was created by the World Heart Federation, to raise awareness about cardiovascular disease, including heart disease and stroke. This year, the theme of World Heart Day is “Use Heart to Connect”. 

Important takeaways for all competitive exams:

• World Heart Federation Founded: 2000.
• World Heart Federation Headquarters location: Geneva, Switzerland.
• World Heart Federation Chairman: Rajeev Gupta.

14. International Day of Awareness of Food Loss and Waste

• International Day of Awareness of Food Loss and Waste is celebrated on September 29, since 2020, to promote and implement global efforts to resolve the issue of food wastage.
• The United Nations General Assembly designated 29 September as the International Day of Awareness of Food Loss and Waste in 2019. The theme for 2021 is Stop food loss and waste. For the people. For the planet.
• The main objective of this day is to take steps towards responsible consumption and production as well as zero hunger, along with working towards addressing the problem of climate change through sustainable food habits.

Miscellaneous News

15. Sojat Mehndi and Judima rice wine gets GI tag

• Judima, homemade rice wine from Assam and Sojat Mehndi (Henna) from Rajasthan, has been awarded the geographical indication (GI) tag. A GI tag is awarded to products associated with a specific geographical origin.
• Award of a GI sign not only helps in tracing the origins of products but also helps in confirming authenticity and marketing of indigenous specialities.
• Judima is a local fermented drink made with rice, brewed by the Dimasa community in Assam.
• Sojat Mehendi, originating from Mehendi leaves grown in Sojat, is naturally cultivated using rainwater.

30th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

30 September 2021
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30th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 30th September 2021 covering the following news headlines:
International Translation Day, World Maritime Day, Indra Nooyi, Nansen Refugee Award 2021, NIDHI 2.0 scheme, Amrit Grand Challenge Program-जनCARE.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 30th September 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 12 Daily GK Updates: National & International News

Here is providing below the top 12 important Daily General Knowledge GK 2021 updates with national & international news.

International News

1. GoI increases the income limit of disabled dependents for family pension to 30%

• Ministry of defence and union government has decided to increase the income limit of disabled dependents for family pension to children/siblings suffering from mental or physical disability.
• The child/sibling will be eligible for family pension for life if his/her overall income from sources other than a family pension is less than 30% of the last pay drawn by the deceased government servant/pensioner concerned plus the dearness relief admissible thereon.
• The financial benefit in such cases will accrue with effect from 08 February 2021. Presently, the disabled child/sibling is eligible for family pension if the overall monthly income of the disabled child/sibling from sources other than the family pension is not more than Rs 9,000, along with dearness relief.

2. Ministry of Social Justice & Empowerment launches Elder Line

• Ministry of Social Justice & Empowerment has launched India’s first Pan-India helpline for senior citizens named ‘Elder Line’ for which the toll-free number is 14567.
• The platform will allow senior citizens to connect and share their concerns, get information and guidance on problems that they face on a day-to-day basis.
• It will provide free information and guidance on pension issues, legal issues, extend emotional support, and even intervenes on the field in cases of abuse, and rescues the homeless elderly.
• Tata Trusts and NSE Foundation are the technical partners for “Elder Line”.

International News

3. North Korea tests fire hypersonic missile “Hwasong-8”

• North Korea successfully tested a new hypersonic missile called Hwasong-8, in a bid to increase the nation’s capabilities for self-defence.
• The missile was one of the five most important new weapons systems laid out by North Korea in the five-year military development plan.
• This was the country’s third missile test in a month. Earlier it tested a new type of cruise missile, as well as a new train-launched ballistic missile system.
• Hypersonic missiles fly at lower altitudes compared to ballistic weapon systems and can attain more than five times the speed of sound, restricting the interception capabilities of adversaries.

Important takeaways for all competitive exams:

• North Korea Capital: Pyongyang;
• North Korea Supreme leader: Kim Jong-un;
• North Korea Currency: North Korean won.

Schemes and Committees News

4. Union Minister Jitendra Singh launches “Amrit Grand Challenge Program-जनCARE”

• As a part of the Azadi Ka Amrit Mahotsav, Union Minister Dr Jitendra Singh (Union Minister of State (Independent Charge) Science & Technology) launched the “AmritGrand Challenge Program” titled “जनCARE”.
• The Grand Challenge aims to identify 75 Start-Up and entrepreneurs, who come out with Innovative Ideas and Solutions for India’s healthcare challenges, that can work in Low Resource Settings, for strengthening Healthcare Delivery in India.
• The Challenge has been launched jointly by Biotechnology Industry Research Assistance Council (BIRAC), NASSCOM and NASSCOM Foundation, as a nationwide “Discover – Design – Scale” program.
• The “जनCARE” Amrit Challenge will recognise start-ups in fields like Innovations in Telemedicine, Digital Health, mHealth with BIG Data, AI, BlockChain and other technologies.
• The Challenge will end on December 31, 2021.

5. Lok Sabha Speaker Launches ‘NIDHI 2.0’ scheme

• The Speaker of Lok Sabha, Om Birla has inaugurated the NIDHI 2.0 (National Integrated Database of Hospitality Industry) scheme, during an event organised by the Ministry of Tourism, on the occasion of 2021 World Tourism Day.
• The NIDHI 2.0 database will have more inclusivity, by not only including accommodation units, but also travel agents, tour operators, & others.
• The NIDHI scheme was launched by the Ministry of Tourism to facilitate the digitalization of the tourism sector and promote ease of doing business for the hospitality & tourism sector, by encouraging all accommodation units to register themselves on the platform to become part of the hospitality industry.
• As a part of the occasion, the Ministry of Tourism signed an MoU with the United Nations Environment Programme (UNEP) and The Responsible Tourism Society of India (RTSOI) to actively promote and support ‘sustainability initiatives’ in the tourism sector of each other.

Agreements News

6. NPCI tie-up with YES Bank for ‘On-the-Go’ payment solution

• The National Payments Corporation of India (NPCI) has partnered with private sector lender YES Bank to launch first-of-its-kind ‘RuPay On-the-Go’ contactless payments solutions.
• The RuPay On-the-Go contactless solution is mainly a wearable payment solution, launched to enable customers to make small and large value transactions from accessories that they wear every day.
• The solution would eliminate the need to carry a physical card, and customers can use the solution at RuPay contactless-enabled PoS at retail outlets and pay up to Rs 5,000 without the need for a PIN.
• The solution is based on a simple ‘Tap, pay, go’ mechanism. It has been launched in association with fintech infrastructure partner Neokred and manufacturing partner Seshaasai.

Important takeaways for all competitive exams:

• National Payments Corporation of India MD & CEO: Dilip Asbe.
• National Payments Corporation of India Headquarters: Mumbai.
• National Payments Corporation of India Founded: 2008.
• YES bank HQ: Mumbai, Maharashtra.
• YES bank MD & CEO: Prashant Kumar.

Banking News

7. RBI removes Indian Overseas Bank from Prompt Corrective Action framework

• Reserve Bank of India has announced the removal of Prompt Corrective Action (PCA) restrictions on Indian Overseas Bank (IOB).
• This decision gives the bank more freedom for lending, especially to corporations and grow the network, subject to prescribed norms. IOB was placed under PCA in 2015.
• The bank has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis and has apprised the RBI of the structural and systemic improvements that it has put in place which would help the bank in continuing to meet these commitments. IOB is being tipped as a privatisation candidate. In 2021, RBI has also removed PCA restrictions on IDBI Bank and UCO Bank.

Important takeaways for all competitive exams:

• Indian Overseas Bank Headquarters: Chennai;
• Indian Overseas Bank CEO: Partha Pratim Sengupta;
• Indian Overseas Bank Founded: 10 February 1939.

Awards News

8. Yemeni humanitarian organization wins Nansen Refugee Award 2021

• A humanitarian organization from Yemen has been declared as the winner of the 2021 UNHCR Nansen Refugee Award.
• The organisation named “Jeel Albena Association for Humanitarian Development”, founded in 2017 by Ameen Jubran has won the prestigious honour to support and provide a lifeline to tens of thousands of Yemenis people displaced by the country’s conflict.
• The UNHCR Nansen Refugee Award honours individuals, groups or organizations for going above and beyond the call of duty to protect refugees, other displaced and stateless people.

Books and Authors News

9. Indra Nooyi memoir "The secrets to balancing work and family life"

• In her book, My Life in Full: Work, Family and our Future, Indra Nooyi focuses on the importance that organisational support plays in working women’s lives.
• For instance, she lists the offer of three months of paid leave by BCG to take care of her father in India when he was diagnosed with cancer.
• Indra Nooyi tells the story of that journey in her memoir, My Life in Full (published by Hachette India) in 313 pages that are packed with her experiences of settling in America, negotiating the boardroom, balancing work and family life and what the pandemic has meant for workplaces.

Important Days

10. World Maritime Day 2021: 30 September

• World Maritime Day 2021 is observed globally on 30th September. The exact date of celebrating World Maritime Day is left to the individual governments but is usually celebrated during the last week in September.
• The theme of World Maritime Day 2021 is "Seafarers at the core of shipping’s future".
• The theme for this year reflects a clear need to raise awareness of seafarersʹ crucial role in world trade and increase their visibility.
• The World Maritime theme for 2021 will provide the opportunity to focus on seafarers as the people at the heart of shipping, while also allowing for activities to delve into specific topics relevant to the role of the seafarer in safety, maritime security, environmental protection and seafarersʹ well-being; and the future of seafaring against a backdrop of increased digitalization and automation.

Important takeaways for all competitive exams: 

• International Maritime Organization Headquarters location: London, United Kingdom.
• International Maritime Organization Founded: 17 March 1948.
• International Maritime Organization Secretary-General: Kitack Lim.

11. International Translation Day: 30 September

• Every year, International Translation Day is marked on 30 September. The International Federation of Translators (FIT) organise the day ever since it was set up in 1953.
• The day aims to celebrate the work of language translation professionals which facilitates dialogue, understanding and cooperation, contributing to the development and strengthening of world peace and security. International Translation Day 2021 theme: “United in translation”.
• The International Federation of Translators (FIT) organise the day ever since it was set up in 1953. The first official celebration of ITD was held in 1991. The day also marks the feast of St. Jerome, the Bible translator who is considered the patron saint of translators.

Important takeaways for all competitive exams:

• International Federation of Translators President: Kevin Quirk.
• International Federation of Translators Secretary-General: Real Paquette.

Miscellaneous News

12. Ranveer Singh Named India's NBA Brand Ambassador

• The National Basketball Association (NBA) has named Bollywood actor Ranveer Singh as its brand ambassador for India. He will work with the NBA to help grow the league’s profile in India throughout its landmark 75th anniversary season in 2021-22.
• For the 2021-22 season, Singh will participate in a number of league initiatives that will be featured on NBA India’s and his personal social media accounts.
• The NBA is a global sports and media business built around four professional sports leagues: the National Basketball Association, Women’s National Basketball Association, the NBA G League and the NBA 2K League.
• The NBA games and programming is available in 215 countries and territories and merchandise for sale in more than 100,000 

4th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

04 September 2021
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4th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 04th September 2021 covering the following news headlines: International Monetary Fund, Bharat Ratna Rajiv Gandhi Science Innovation City, HDFC Life, World University Rankings 2022.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 04th September 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 11 Daily GK Updates: National & International News

Here is providing below the top 11 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. IMF increases India’s quota of Special Drawing Rights (SDR)

• The International Monetary Fund (IMF) has made an allocation of Special Drawing Rights (SDR) 12.57 billion to India. (approx USD 17.86 billion). With this, the total SDR holding of India has gone upto SDR 13.66 billion (equivalent to around USD 19.41 billion).
• SDR is one of the components of the Foreign Exchange Reserves (FER) of India. Hence the Foreign Exchange Reserves (FER) has also increased now. IMF has allocated a total of SDR 456 billion to all its member countries out of which India has got SDR 12.57.

Important takeaways for all competitive exams:

• IMF Headquarters: Washington, D.C. U.S;
• IMF Managing Director and Chairman: Kristalina Georgieva;
• IMF Chief Economist: Gita Gopinath.

State News

2. Maharashtra to set up science city named after Rajiv Gandhi in Pune

• The Maharashtra Government has decided to set up a world-class science city at Pimpri-Chinchwad near Pune to develop a scientific outlook among the students and prepare them to become students in future.
• To be named as ‘Bharat Ratna Rajiv Gandhi Science Innovation City’, a science Centre will be developed on the one-acre area in an eight-acre complex in the PCMC area. The Centre has granted assistance of Rs 191 crore to build the Science city in the PCMC area.

Important takeaways for all competitive exams:

• Maharashtra Governor: Bhagat Singh Koshyari;
• Maharashtra Capital: Mumbai;
• Maharashtra CM: Uddhav Thackeray.

Appointments News

3. Vartika Shukla becomes first woman CMD of Engineers India Ltd

• Vartika Shukla took charge as the first woman Chairperson and Managing Director of public sector enterprise Engineers India Ltd. She spearheaded the company's innovative energy programmes, including biofuels, coal gasification, waste to fuel and hydrogen energy, among others.
• A graduate in Chemical Engineering from the Indian Institute of Technology, Kanpur, Shukla joined EIL in 1988 and has extensive consulting experience comprising design, engineering, and implementation of complexes in refining, gas processing, petrochemicals and fertilisers.

Important takeaways for all competitive exams:

• Engineers India Ltd Founded: 1965.

Business News

4. HDFC Life to acquire Exide Life Insurance for ₹6,687 crore

• HDFC Life has announced to acquire a 100 per cent stake in Exide Life Insurance Company in a stock and cash deal, for Rs 6,887 crore. Subsequently, Exide Life will be merged with HDFC Life, subject to regulatory approvals.
• Exide Life is a wholly-owned subsidiary of battery maker Exide Industries. This acquisition will mark one of the first and the largest acquisitions in the life insurance space.
• From the total deal value of Rs 6,887 crore, HDFC Life will pay Rs 725 crore in cash, while the balance amount will be in form of shares.
• HDFC Life will issue 87.02 million equity shares of the face value of Rs 10 at a price of Rs 685 per share to Exide Industries Limited.
• Post the acquisition, Exide Industries will hold a 4.1 per cent stake in merged HDFC Life and mortgage lender HDFC Ltd will hold 47.9 per cent. Currently, HDFC Ltd. holds a 49.9 per cent stake in HDFC Life.

Important takeaways for all competitive exams:

• HDFC Life Headquarters: Mumbai;
• HDFC Life CEO: Vibha Padalkar;
• HDFC Life Founded: 2000.

Ranks and Reports News

5. University of Oxford tops Times World University Rankings 2022

• The Times Higher Education (THE) World University Rankings 2022 has been announced. The University of Oxford is at the top of the list, followed by the California Institute of Technology and Harvard University at the second and third positions, respectively.
• The Indian Institute of Science (IISc), Bengaluru, is placed between the 301-350 position. Incidentally, it is also the only university in the top 350 rankings.

Three Indian educational institutes have found a place in the top 400 list:

1. IISc Bangalore – 301-350 bracket
2. Indian Institute of Technology (IIT) Ropar – 351-400 bracket.
3. IIT Indore – 401-500 bracket.

Top Five Universities in the world:

1. University of Oxford, UK
2. California Institute of Technology, US
3. Harvard University, US
4. Stanford University, US
5. University of Cambridge, UK

6. India becomes 3rd largest Unicorn ecosystem in the world

• Hurun Research Institute has released the Hurun India Future Unicorn List 2021, as per which India is the third-largest Unicorn/startup ecosystem in the world. The USA is on top followed by China on second.
• India has 51 unicorns according to the list. The USA has 396 and China has 277 unicorns. Zilingo is the top unicorn in the ranking in India with funding of USD 310. The headquarters of Zilingo is in Singapore.
• Bengaluru is the top Indian city in terms of the number of Unicorns headquartered in a city. Bengaluru has 31 unicorns followed by Mumbai which has 12 unicorns.

Summits and Conferences News

7. India to host conference on International Climate Summit 2020-21

• India is all set to host a key conference as part of the International Climate Summit (ICS) 2020-21 to build a dialogue for India's transition to clean energy. Policymakers, regulators, industry leaders, experts, and scientists from across the globe are going to be a part of the climate summit.
• Director of CSIR, National Chemical Laboratory, Dr Ashish Lele has underlined the importance of the conference for the future mitigation strategies of climate change. The need to adopt these strategies and the problems arose due to dependence on conventional fuels.

8. PM Modi Virtually Addresses 6th Eastern Economic Forum 2021

• Prime Minister Narendra Modi virtually addressed the plenary session of the 6th Eastern Economic Forum (EEF), organised in Vladivostok, Russia. An Indian delegation led by Minister of Petroleum and Natural Gas, Hardeep Singh Puri and comprising leading Indian oil and gas companies are participating in the EEF Summit 2021 in Russia.
• On the sidelines of EEF, Petroleum Minister will also have meetings with Russian Energy Minister Nikolay Shulginov to review bilateral energy cooperation in the energy sector and with the Russian Minister for Development of Far East and Arctic Alexei Chekunkov to discuss the collaboration between Indian and Russian companies in that region. Petroleum Minister will also co-chair India-Russia Business Dialogue.

Sports News

9. Paralympics 2020: Archer Harvinder Singh Clinches Bronze in Men’s Individual Recurve

• In Paralympics 2020, India’s ace archer Harvinder Singh has won the bronze medal in the men’s individual recurve open. The 31-year old has become India’s first-ever archer to win a medal in the Paralympics.
• With this win, India’s medal haul at the ongoing Paralympics Games in Tokyo has reached 13 [2G,6S,5B]. Harvinder defeated South Korea's Kim Min Su 6-5 in a shoot-off to win India's third medal of the day at Tokyo 2020, taking India's tally to 13.
• Earlier, United States of America's (USA) Kevin Mather defeated Harvinder by 6-4 in the semi-final.

10. Tokyo Paralympics: Manish Narwal wins gold in 50m Mixed Pistol

• Indian shooters Manish Narwal and Singhraj Adhana clinched the gold and silver medal respectively in the P4 - Mixed 50m Pistol SH1 final at Asaka Shooting Range.
• The 19-year-old Manish created the Paralympic record as he amassed 218.2 points to clinch the gold while Singhraj grabbed his second medal of the Tokyo Paralympics with 216.7 points.
• The Russian Paralympic Committee's (RPC) Sergey Malyshev won the bronze medal.
• India's medal tally now stands at 15 at these Paralympics. It has now won three golds, seven silvers and five bronze medals. This is India's best tally at a single edition of the Para Games. It had won four medals at Rio 2016 and four at the 1984 Paralympics.

Miscellaneous News

11. Canadian City Burnaby to Observe September 5 As Gauri Lankesh Day

• The Canadian city of Burnaby has declared September 5 as "Gauri Lankesh Day", as a tribute to the dead journalist on her death anniversary, her sister Kavitha Lankesh.
• The proclamation issued by the office of the Mayor of Burnaby Mike Hurley said Gauri Lankesh was a courageous Indian journalist who stood up for truth and justice, challenged superstition and social ills, and dedicated her life to serving the poor and oppressed.
• Gauri Lankesh, a left-leaning journalist who brought out a magazine "Gauri Lankesh Patrike", was shot dead by two assailants on September 5, 2017 evening just outside her house in Bengaluru allegedly for her anti-Hindutva stand.

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