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Weekly Current Affairs September 2018: 4th week

Published on September 25, 2018

Banking and Financial Awareness: 

  • PayU India has received approval from Reserve Bank of India’s (RBI), to operate its own non-banking financial company (NBFC).
    Weekly Current Affairs September 2018: 4th week
  • To provide some succour to road accident victims, Insurance regulator IRDAI has raised the minimum insurance cover for owner-driver to Rs. 15 lakhs for a premium of Rs. 750 per annum.
  • To provide life insurance solutions, especially at the doorstep of every household in the country, India Post Payments Bank (IPPB) and Private Life Insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) entered into a strategic partnership.
  • Amalgamation of Bank of Baroda, Vijaya Bank, and Dena Bank has proposed by the government, to create India’s 3rd largest globally competitive Bank.
  • National Bank for Agriculture and Rural Development (NABARD) has approved Rs 65,634.93 crore loan so far to 93 prioritised irrigation projects under the government's flagship scheme Pradhan Mantri Krishi Sinchai Yojana (PMKSY).


  • Scientist Kamlesh Nilkanth Vyas appointed as the secretary of the Department of Atomic Energy and chairman of the Atomic Energy Commission.
  • Tajinder Mukherjee appointed as Chairman and Managing Director of National Insurance Company Limited (NICL).
  • SBI Appoints Prashant Kumar as Chief Financial Officer (CFO).

Honour, Awards and Ranks

  • Anushka Sharma Receives Smita Patil Award during the 34th anniversary of Priyadarshni Academy Global Award, in Mumbai.
  • Dr. Raghupati Singhania, Chairman and MD, JK Tyre & Industries Ltd Conferred with Civilian Honour of Mexico.
  • For beating the odds in water with their enduring skills and sailing across the world for eight long months, All-women crew of INSV Tarini has bagged the prestigious Tenzing Norgay National Adventure award.
  • For innovative marketing campaigns, Kerala Tourism has won two prestigious gold awards of the Pacific Asia Travel Association (PATA).
  • India ranks third globally in terms of number of family-owned businesses with 111 companies, published by the Credit Suisse Research Institute (CSRI).


  • filmmaker Kalpana Lajmi passed away.
  • former Odisha Minister and freedom fighter Dolagobinda Pradhan passed away.

Important Dates

  • International Day of Peace – 21st September, theme - “The Right to Peace - The Universal Declaration of Human Rights at 70”

MOU’s, Agreement and Summits

  • For construction of a 5000-metric ton temperature controlled warehouse in Dambulla, Sri Lanka, India and Sri Lanka signed an MoU. 
  • To provide a technological platform for nationwide prevention, control, screening and management program of Non-Communicable Diseases (NCDs), Ministry of Health and Family Welfare, exchanged the MoUs with the Tata Trusts and Dell.
  • For construction of a 5000-metric ton temperature controlled warehouse in Dambulla, Sri Lanka, India and Sri Lanka signed an MoU.
  • Delhi government signed an MoU with the Seoul Metropolitan in the fields of environment, tourism, wastewater and solid waste management, infrastructure and public health.
  • For Insured Persons covered under the Employees’ State Insurance Act, Employees’ State Insurance Corporation (ESIC) has approved a new scheme- Atal Bimit Vyakti Kalyan Yojna.

Important News- India

  • The ‘first ever’ India Tourism Mart (ITM 2018) inaugurated by Union Minister for Railways and Coal, Piyush Goyal.
  • Jaipur Literature Festival began in Houston at the Asia Society of Texas.


  • Defence Research and Development Organisation (DRDO) successfully flight tested the indigenously developed surface-to-surface tactical missile ‘Prahar’, from Odisha.
  • Defence Acquisition Council (DAC), chaired by Smt. Nirmala Sitharaman gave approval for the procurement of equipment for the Defence Forces valued at over Rs 9,100 crores.
  • India’s first ‘smart fence’ pilot project was inaugurated by Union Home Minister Rajnath Singh in Ploura, Jammu.
  • 2nd edition of Nepal-China joint military exercise (JME) named Mt Everest Friendship Exercise-2018 (Sagarmatha Friendship-2018) commenced in China’s southwestern Sichuan province.
  • Man Portable Anti-Tank Guided Missile (MPATGM), was successfully flight tested from the Ahmednagar range, Maharashtra.

Sports News

  • India to Host the Women’s Boxing World Championships in New Delhi.
  • Hangzhou, China will host the 4th edition of Asian Para Games in 2022.
  • Lewis Hamilton won the Singapore Grand Prix, in Singapore.
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