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Important Current Affairs 11th September 2017

Important Current Affairs 11th September 2017

Current Affairs 11th September 2017: NATIONAL NEWS

Airports Authority of India undertakes construction of Integrated Cargo Terminal at Imphal airport 

Airports Authority of India will undertake construction of Integrated Cargo Terminal at Imphal Airport after obtaining grant-in-aid under Trade Infrastructure for Export Scheme (TIES) of Ministry of Commerce & Industry, Govt. of India.
●    The Government of Manipur had planned to establish an Export Import Cargo Terminal (EICT) at Tulihal, Imphal Airport under ASIDE Scheme of the Ministry of Commerce & Industry. 
●    The proposed Integrated Cargo Terminal is expected to give a boost to the export of handicrafts items and perishable cargo. 
●    This will also help generate employment opportunities in the North Eastern region of the country, thereby fostering economic development of the region. 
●    In addition to this, the EICT will help establish better connectivity with South & Southeast Asia and give a boost to trade between India and the ASEAN countries.

Second State Start Up Conference in New Delhi Tomorrow 

The Department of Industrial Policy and Promotion, Government of India is organizing the Second State Startup Conference on 12 September, 2017 in New Delhi. 
●    The conference shall be inaugurated by the Minister of State, Shri C.R. Choudhary and shall be attended by senior functionaries from State/Union Territory Governments, Incubators/Accelerators, Funding agencies, VCs, Angel investors and Startups.
●    The discussions shall be conducted around four key themes related to key components of the startup ecosystem, namely:-
●    Governance reforms to be undertaken by States for Startups.
●    Incubation facilities in India and role of State Governments in developing these facilities.
●    Role of State Governments in setting up funds for Startups.
●    Making regulations easier for Startups.
●    Further, in order to provide momentum towards building up a positive Startup ecosystem in the States, a framework for ranking various States/ Union Territories on the basis of initiatives taken to promote Startups will also be discussed.

Secretary, DEA inaugurates the Workshop on the involvement of Multilateral Agencies in developing the capacity of Finance Departments of the States and Union Territories (UTs)

Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), Ministry of Finance, Govt. of India inaugurated here today the familiarization Workshop on the involvement of Multilateral Agencies in developing the capacity of Finance Departments of the States and Union Territories (UTs). 
●    The Workshop was organized at the IMF South Asia Regional Training and Technical Assistance Centre (SARTTAC) in New Delhi. 
●    In his Inaugural Address, Shri Garg hoped that the States/ UTs will have a deeper understanding of the opportunities they can avail from SARTTAC and MDBs while the latter will have sufficient inputs from the States and Union Territories (UTs) to enable them to develop a comprehensive training module for the future.
●    The Workshop witnessed the participation of Additional Chief Secretaries/ Principal Secretaries of Finance Departments from several States/UTs, senior officers from the Ministry of Finance, and experts from IMF SARTTAC, World Bank, Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) among others.
●    The workshop was organized with the aim of showcasing the potential of multilateral agencies like IMF SARTTAC, World Bank, AIIB and NDB in developing capacity of states and UTs.

Shri Ashwini Choubey inaugurates the 7th International Conference on Cost Effective Use of Technology in eHealth Care 

Shri Ashwini Kumar Choubey, Minister of State for Health & Family Welfare, today inaugurated the 7th International Conference and Workshop on Cost Effective Use of Technology in eHealth Care at AIIMS, New Delhi.
●    Speaking at the function, Shri Choubey underscored the urgency for harnessing Information Technology for better and effective healthcare delivery in the country. 
●    Referring to the Digital India initiative of the Honourable Prime Minister, he emphasised on the need for making optimal use of technology for delivering healthcare services to the people. 
●    The Minister further stated that that e-application in healthcare will reduce cost and save time for doctors and patients.
●    While alluding to the ancient healthcare system of India and the contribution of Sushruta, Charak and Dhanwantari, the Minister said that we must keep pace with the advances in Science and Technology so that the health care delivery becomes cost effective, accessible, affordable and more transparent.

India brews world’s most-expensive coffee

India, Asia’s third-largest producer and exporter of coffee, has started producing the world’s most-expensive coffee. 
●    It is being made on a small scale in Karnataka’s Coorg district, from the poop of civet cat.
●    The civet coffee, also known as luwak coffee, is expensive because of the uncommon method of producing it. 
●    It is produced from the coffee beans digested by the civet cat – the feces of the cat are then collected, processed and sold.
●    Civet coffee, a drink of the elite consumed widely in the Gulf nations and Europe, is sold for₹20,000-25,000/kg abroad.
●    Here in the country’s largest coffee-growing State, a start-up firm, Coorg Consolidated Commodities (CCC), has made a humble beginning by making the luxury coffee on a small scale, and has also decided to open a cafe to serve the brew locally.

Maha govt, MDFVPL ink MoU to set up processing plant

The Maharashtra government and Mother Dairy Fruit and Vegetable (MDFVPL), a subsidiary of National Dairy Development Board (NDDB), today signed an agreement to set up milk and milk processing plant in the state.
●    Under the Memorandum of Understanding (MoU) Maharashtra government and NDDB, will implement a dairy development initiative in Vidarbha and Marathwada, under which milk producers in the region will be provided access to markets in Nagpur and Mumbai, a release said.
●    Besides, transferring the Nagpur dairy on lease and land for setting up a new dairy at Gove Bhiwandi, Maharashtra government will provide assistance including funds for a coordinated approach to improve productivity through animal breeding, nutrition and health, it added.
●    NDDB Chairman Dilip Rath said, MDFVPL has already initiated milk procurement operations in Amravati, Wardha, Nagpur, Chandrapur, Nanded, Osmanabad, Buldana and Yavatmal, he said.

SBI Life Insurance IPO receives Sebi approval

SBI Life Insurance Co. Ltd, a joint venture between State Bank of India and BNP Paribas Cardif, has received the market regulator’s approval for an initial public offering (IPO) to raise around Rs 8,500 crore, three people aware of the development said.
●    The life insurer is looking to launch the IPO on 20 September, the people said on condition of anonymity.
●    SBI Life filed its share sale prospectus with the Securities and Exchange Board of India (Sebi) in July.
●    According to the document, SBI and BNP Paribas will sell 80 million and 40 million shares respectively, amounting to a combined 12% stake.
●    The insurance company has hired JM Financial Institutional Securities Ltd, Axis Capital Ltd, BNP Paribas, Citigroup Global Markets India Pvt. Ltd, Deutsche Equities India Pvt. Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Co. Ltd and SBI Capital Markets Ltd to manage the share sale.

Paytm Payments Bank to launch debit card

Paytm Payments Bank is gearing up to launch debit card, its founder Vijay Shekhar Sharma announced in his Facebook account.
●    The Platinum RuPay debit card will be accepted across most online websites, apps, and stores. 
●    The card is designed to allow users to make payments through Paytm even on rival e commerce sites that do not offer the option.
●    According to RBI directives, payments banks are not allowed to issue credit cards or loans to customers. 
●    These banks can, however, issue ATM cards, debit cards, net-banking, and mobile-banking.
●    Meanwhile, the company board has approved a Rs 60-crore rights issue for its existing shareholders, including Paytm founder Vijay Shekhar Sharma, the firm said in a regulatory filing on Tuesday.
●    These investors include Sharma, One97 Communications Ltd and One97 Communications India Ltd, it added.

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