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Weekly Current Affairs September - Week III

Published on September 18, 2018

Banking and Financial Awareness:

  • PayU India has received Reserve Bank of India’s (RBI) approval to operate its own non-banking financial company (NBFC).
  • For inducing liquidity in the system, Reserve Bank to purchase government securities (G-secs) worth Rs 10,000 crore.
  • Federal Bank, signed a MOU with Infopark Kakkanad for leasing space in their campus.
  • 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).


  • Moutaz Mousa Abdallah sworn as Sudan’s new Prime Minister.
  • Justice Om Prakash Mishra sworn as new Chief Justice of Nepal.
  • Prashant Kumar has taken charge as the Chief Financial Officer (CFO) of State Bank of India
  • Vibha Padalkar as its new managing director and CEO of HDFC Life.
Weekly Current Affairs September - Week III

Honour, Awards and Ranks

  • Index of Industrial production (IIP) grew at 6.6% in July, data released by Central Statistics Office (CSO).

Important Dates

  • Engineer's Day - 15 September.
  • International Day for the Preservation of the Ozone Layer - 16th September, theme: The Montreal Protocol'.
  • International Day of Democracy: 15 September, theme - 'Democracy under Strain: Solutions for a Changing World'.
  • Hindi Diwas: 14 September

MOU’s, Agreement and Summits

  • To discuss the expansion of Russia-India relationship across all sectors, the 23rd meeting of India-Russia Intergovernmental Commission (IRIGC-TEC) held in Moscow, chaired by External Affairs Minister Sushma Swaraj.
  • To promote global commerce and the new industrial revolution, G-20 trade and investment ministerial meeting was held at Mar del Plata in Argentina. 
  • A U.S.-based firm, Cisco, that makes networking telecommunications equipment, has signed two agreements with the NITI Aayog and Bharat Sanchar Nigam Limited (BSNL) to speed up its Country Digital Acceleration programme in India. 
  • BSNL, Unlimit, an end-to-end IoT service provider in India Ink Partnership for IoT/M2M Services in India
  • To set up an ethanol plant in Panipat, Haryana government signed an MoU with Indian Oil Corporation (IOC) with an outlay of over Rs 900 crore.
  • To bring together fundamental and applied research, innovation and technology development, NITI Aayog, Intel and Tata Institute of Fundamental Research (TIFR) are collaborating to set up a Model International Center for Transformative Artificial Intelligence (ICTAI). 
  • To deepen counter-terror cooperation, India, Iran and Afghanistan held their first tripartite meeting in Kabul, Afghanistan.
  • First regional workshop on RERA (Real Estate (Regulation and Development) Act) held in Pune, inaugurated by Hardeep Singh Puri.

Important News – World

  • Second edition of Nepal-China joint military exercise (JME) named Mt Everest Friendship Exercise-2018 (Sagarmatha Friendship-2018) commenced in China’s south-western Sichuan province.
  • Russia has launched its biggest military exercise since the Cold War named "Vostok-2018", China and Mongolia also take part in "Vostok-2018".
  • To promote global commerce and the new industrial revolution, G-20 trade and investment ministerial meeting at Mar del Plata in Argentina.

Important News- India

  • India Gets Its 1st Ever Dedicated Dog Park in Hyderabad across an area of 1.3 acres.
  • Prime Minister of India launched the ‘Swachhata Hi Seva’ Movement, to boost nationwide public participation in the Swachh Bharat Abhiyan, and catalyse the fulfilment of Bapu’s dream of a Clean India.
  • Cabinet approved a proposal for the complete electrification of Indian Railways by 2021-22, will cost the government Rs12,134 crores.
  • The National Rail and Transportation Institute (NRTI), started operations in Vadodara.
  • Jaipur Literature Festival began in Houston at the Asia Society of Texas.
  • To combat human trafficking, the West Bengal government has rolled out a scheme, Swayangsiddha, means self-reliance.
  • Cabinet approved new Umbrella Scheme 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan, PM-AASHA for ensuring remunerative prices to the farmers for their produce.


  • Infosys Acquires Finnish Company 'Fluido' For Rs 545 Crore.
  • Time Magazine Acquired by Salesforce Founders for $190 Million


  • Indigenously developed weapon system Man Portable Anti-Tank Guided Missile (MPATGM), was successfully flight tested from the Ahmednagar range, Maharashtra.

Sports News

  • Indian boxers Simranjit Kaur (64kg), Monika (48kg) and Bhagyabati Kachari (81kg) claimed gold medals at the Ahmet Comert Tournament in Istanbul, Turkey. 
  • Maldives have lifted the 2018 South Asian Football Federation (SAFF) Cup.
  • Indian five-time world boxing champion M C Mary Kom clinched her third gold medal of the year in 48 kg category, in Gliwice, Poland.
  • Udhayveer Singh won Gold Medal in Junior Men’s 25 metre pistol event in the World Shooting Championships in South Korea.

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