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Important Current Affairs 4th September 2019

NATIONAL:

IGI gets Indias tallest ATC Tower

Union Minister of state for civil aviation Hardeep Singh Puri inaugurated a new air traffic control (ATC) tower at Delhi's Indira Gandhi International Airport, New Delhi.

ATC tower:

The cost of the ATC tower is Rs.350 crore. The tower consists of three buildings: the aerodrome control tower, area approach control services building, and the administrative block. The tower is facilitated with modern air navigation systems and advanced automation systems. This will enhance safety and the capacity of air traffic operations.

The height of the ATC tower is 101.9 metres. The tower aims to reduce the pressure on controllers and provide relief to flyers from delays. The tower has over 45 workstations with better operational area visibility. The tower has multilayered security.

INTERNATIONAL:

Fourth South Asian Speakers Summit organised in Maldives

Fourth South Asian Speakers Summit on achieving the Sustainable Development Goals (SDG) held in Male, the Maldives from September 1-2, jointly organized by the Inter-Parliamentary Union (IPU) and the People’s Majlis(the single legislative body of the Maldives). The summit attended by Secretary-General of the IPU, Martin Chungong and senior lawmakers from Afghanistan, Bangladesh, Bhutan, India, Pakistan, and Sri Lanka.

The Indian delegation was led by Om Birla, 17th Lok sabha speaker and the RajyaSabha’s Deputy Chairman Harivansh Narayan Singh.

The Male declaration rejects Pakistan’s Kashmir issue concerns:  The Malé declaration ignored Pakistan delegate QasimSuri’s concern on bifurcation of Jammu and Kashmir and Ladakh into Union Territories(UT), raised during the summit citing the reasons that the issue wasn’t part of the summit’s agenda.

The agenda for the summit was on equal pay, youth employment, nutrition, food security and delivering the Paris agreement on climate change.The summit hold discussions on the themes

• Promoting equality at work including equal remuneration and creating jobs for young people

• Achieving SDGs 2 and 3 – Nutrition and food security as drivers of maternal, child and adolescent health in the Asia-Pacific region

• Catalyzing the global agenda on climate change overcoming challenges and utilizing opportunities to strengthen the regional agenda for delivering on the Paris Agreement.

• The previous/3rd summit was held by the Parliament of Sri Lanka in 2018.

Iranian army introduces a new homegrown jet-propelled drone called Kian

• Iranian Army unveiled a high-precision jet-propelled drone called Kian.The capacity of carrying long-time surveillance missions and attack the targets far from the country’s borders.

The unmanned military drone developed in two models.It was developed by Iranian technicians of the Army

• The tensions between Iran and the United States President Donald Trump in 2018 withdrew the US from the Iran nuclear deal -2015 and reimposed sanctions on Iran.

• The new home-grown air defense system called Bavar-373.The US withdrew from the Joint Comprehensive Plan of Action, an agreement on Iran’s nuclear program reached in July 2015 Iran, the P5+1 (the 5 Permanent members of the United Nations Security Council-China, France, Russia, United Kingdom, United States + Germany) and the European Union.

BUSINESS AND ECONOMY:

Cabinet approves Rs.9300 crore capital infusion for IDBI Bank

• The Cabinet has approved a capital infusion plan worth Rs.9,300 crore for IDBI Bank. The bank will get the amount from its parent, Life Insurance Corp. of India.

• The aim of the move is to help narrow IDBI's losses and boost its lending capacity. The Cabinet cleared the IDBI Bank recapitalization plan with one-time infusion assets by the administration and Life Insurance Corporation (LIC) and shares of IDBI Bank jumped as much as 10.84% after the declaration.

• IDBI Bank and recapitalization plan:

The fund infusion will empower IDBI Bank to come back to benefit and give the option of recovering its investment at an opportune time.

The government will provide a one-time recapitalization of Rs.4,557 crore to IDBI Bank and LIC will infuse Rs.4,743 crore. LIC has a 51% share in IDBI Bank where 49% is with the government.

In August 2018, LIC bought a 51% stake in IDBI Bank from the government and infused Rs. 21,000 crore into it to revive the lender.

AWARDS AND ACHIEVEMENTS:

Bill and Melinda Gates Foundation to award PM Modi

 Bill & Melinda Gates Foundationhas announced the Global Goalkeeper Award 2019 for Indian Prime Minister Narendra Modi. The award recognizes his goal-oriented venture plan Swachh Bharat Abhiyan. Along with PM Modi, 10 other individuals are to be awarded for their great work.

Swachh Bharat Abhiyan:

Swachh Bharat Abhiyan or the Clean India Mission was introduced as a tribute to Mahatma Gandhi on October 2 in 2014. The Swachh Bharat Abhiyan meant to make India the Open Defecation Free (ODF) by 2019. It ensures to provide sanitation facilities to all. The campaign will be completed by 2 October 2019 to commemorate the 150th birth anniversary of Mahatma Gandhi.

Bill and Melinda Gates Foundation:

The Bill and Melinda Gates Foundation, the largest private foundation in the world, is a private establishment founded in 2000. It is located in Seattle, Washington. The foundation is claimed by a very rich person donor Microsoft founder Bill Gates and his significant other Melinda Gates.

Global Goalkeeper Award 2019 is a special award of the foundation. It celebrates a political leader who has demonstrated their commitment to the Global Goals through impactful work in their country or/and globally.

SPORTS:

Qatar unveils 2022 FIFA World Cup logo round the globe

• Qatar unveiled the logo for the 2022 World Cup. It will hosted by the Gulf emirate displaying it in public spaces in Doha and cities around the world.

• The design is a stylised Arabic white unisex shawl with maroon patterning. It displayed in a figure-of-eight symbolising infinity while creating a heart shape above the words FIFA.

 WORLD CUP Qatar 2022

• The logo is very elegant and showing local culture with the burgundy colour of the Qatari flag, Algerian hospitality worker Mourad Bencheikh.

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