Current Affairs 22nd Sep 2018

Banking News

1. Yes Bank Slapped With Rs 38 Crore In GST Fines

i. Midsized private sector lender Yes Bank has paid Rs 38 crore in fines to the GST department for alleged violations in domestic remittances. Over Rs. 32 crore has been paid to the GST department, while Rs 6 crore has been paid in service tax which has been replaced by GST. 

ii. The issue relates to remittances by migrants from urban pockets to their homes in rural areas. The tax department feels the bank has violated norms and underpaid the tax, while the bank feels the opposite.

Static/Current Takeaways Important for IBPS PO Exam 2018- 

·                     Yes bank Headquarter- Mumbai, CEO- Rana Kapoor

2. IRDAI Raised Minimum Driver Insurance Cover To INR 15 Lakh

i. Insurance regulator IRDAI has raised the minimum insurance cover for owner-driver to Rs. 15 lakh for a premium of Rs. 750 per annum, a move to provide some succour to road accident victims. 

ii. Currently, the capital sum insured (CSI) under this section for motorised two-wheelers and private cars/commercial vehicles is Rs. 1 lakh and Rs. 2 lakh, respectively. The owner-drivers also have the option of a cover over and above Rs. 15 lakh on payment of additional premium.

Static/Current Takeaways Important for IBPS PO Exam 2018- 

·                     IRDAI- Insurance Regulatory and Development Authority

·                     IRDAI Chairman- Subhash Chandra Khuntia 

Miscellaneous

3. ‘Village Rockstars’ Is India’s Official Entry To Oscars 2019

Rima DasVillage Rockstars

i. Rima Das’ National Award-winning feature Village Rockstars has been chosen to represent India in the Best Foreign Language category at the 91st Academy Awards next year, the Film Federation of India (FFI) announced.

ii. The announcement was made by SV Rajendra Singh Babu, Chairman, Selection Committee for Oscar Award, FFI. The film had its world premiere at the 2017 Toronto International Film Festival (TIFF) and has toured more than 70 prestigious international and national film festivals.

Static/Current Takeaways Important for IBPS PO Exam 2018- 

·                     Hindi film Newton was India’s official submission to the Oscars last year.

Sports News

4. India to Host The Women’s Boxing World C'ships

i. The Women’s Boxing World Championships, to be hosted by India after more than a decade, will be held from November 15-24, 2018, in New Delhi. The teams will have to be in the national capital by November 13, with the competition starting two days later.

ii. The marquee tournament was last held in India in 2006 and remains the best for the country in terms of performance. India had topped the medal tally with four gold, three silver and one bronze medal.

Static/Current Takeaways Important for IBPS PO Exam 2018- 

·                     Men’s World Championship  2019- Sochi (Russia)

·                     India will host the Men’s World Championship for the first time in 2021

5. India Shine On Day 1 Of Track Asia Cup Cycling 

i. India won 3 Gold, 3Silver and a Bronze on the opening day of the 5th Track Asia Cup Cycling in New Delhi.  Mayuri Lute won the country's first Gold in the Women's Junior 500 metres race.  Another Gold came after the Indian men's junior team performed as expected in the team sprint event, by defeating Kazakhstan. 

ii.The tournament at the Indira Gandhi Indoor Stadium is being organised by the Cycling Federation of India and has attracted participation from 12 countries.

6. India Won Silver in  Asian Team Snooker Championship

i. India settled for the silver medal after losing to Pakistan 2-3 in the final of the Asian Team Snooker Championship. Pankaj Advani and Malkeet Singh represented India while Babar Masih and Mohammad Asif were from the Pakistani side. 

Static/Current Takeaways Important for IBPS PO Exam 2018- 

·                     The Championship took place in Doha(Qatar)

Obituaries

7. Vietnamese President Tran Dai Quang Has Passed Away

i. Vietnamese President Tran Dai Quang died aged 61 at a military hospital in the capital Hanoi following a period of illness.
ii. Quang was appointed the president, a largely ceremonial role, in April 2016, and served alongside Vietnam's de facto leader Communist Party Secretary Nguyen Phu Trong and Prime Minister Nguyen Xuan Phuc. Before that, he served as minister of public security.

Static/Current Takeaways Important for IBPS PO Exam 2018- 

·                     Vietnam Capital- Hanoi, Currency-Vietnamese Dong