Bank Exam Current Affairs – 12 September 2021

Thamirabarani civilization

  1. The Thamirabarani civilization in Tamil Nadu is at least 3,200 years old, reveals carbon dating done on organic material retrieved from archeological excavations in Sivakalai, Thoothukudi district.
  2.  Tamil Nadu announced a Rs 15 crore museum in Thirunelveli to exhibit findings from the excavations.
  3. The museum will be called Porunai, an ancient name for the Thamirabarani river
  4. The findings from Sivakalai have caused ripples in Tamil Nadu as it could lead to evidence that there was a city civilization in south India as long back as 3,200 years ago, the later part of the Indus Valley Civilisation.

100-day plan

  1. Union Civil Aviation Ministry unveiled a 100-day plan comprising policy measures and the development of airports along with heliports.
  2. Scindia said 50 new routes will be launched under the regional connectivity scheme in 100 days.
  3. A policy for maintenance, repair, and overhaul (MRO) was also announced which will attract more investment.
  4. Of the 50 new routes, 30 will be operational by October end.
  5. The government is also planning to update the AirSewa app, where passengers can seek redressal of grievances.
  6. AirSewa 3.0 is scheduled to go live by September 30.
  7. The aim is to make India a “global MRO hub”. The purpose of the policy that includes leasing of land through open tenders and abolishing royalty charged by airport authorities is to attract investment.
  8. Five airports: Keshod (Gujarat), Deoghar (Jharkhand), Gondia (Maharashtra), Sindhudurg (Maharashtra), Kushinagar (Uttar Pradesh)
  9. Six heliports: Sanjoli (near Shimla), Sase (near Manali), Mandi, Baddi (both Himachal), Haldwani, Almora (both Uttarakhand)
  10. Operationalisation of 50 routes. 30 by October 2021

India Meteorological Department releases data

  1. With 19 days still left in September, Delhi received the highest rainfall for September in 77 years.
  2. This is also the second-highest rainfall for the month of September in 121 years.
  3. The city has till now received 380.2 mm rainfall in September this year, and the highest was 417.3 mm in 1944, according to the IMD

Rajasthan boosts tourism

  1.  The Federation of Hospitality and Tourism of Rajasthan (FHTR) has launched the first digital campaign to promote tourist destinations and connect tourism activities with the State’s rich heritage of arts and crafts.
  2. The campaign has started with the focus on eco-tourism in forest areas with the participation of local communities.
  3. The FHTR has also taken an initiative to form a Tourism Promotion Council along with the State government to focus on activities such as offline promotion, digital marketing, and cooperation through a hub-and-spoke model, offering a full array of services through an anchor and several secondary establishments
  1.  Reserve Bank is quite optimistic about its 9.5 percent GDP growth estimate for the financial year 2021-22 at present.
  2. The second wave of COVID-19 has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis.
  3.  RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2 to 6 percent inflation band set by the government.
  4. The central bank will seek to gradually move towards achieving the 4 percent target over a period of time.

S&P Global rating study

  1. India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated
  2. The economy is expected to clock 9.5% growth in the current fiscal year, followed by a 7% expansion in the next year.
  3. Given India’s weak fiscal settings and a high stock of debt around 90% of GDP, the nominal GDP growth is going to be very important to prevent any further erosion of fiscal settings.
  4. The fiscal deficit would remain elevated over the next two years but the debt to GDP ratio is expected to stabilize or flatten out.

Account aggregator framework

  1. Reserve Bank of India launched the account aggregator framework aimed at making financial data more easily accessible.
  2. Under it, a number of fin-tech entities have been granted the license to operate as account aggregators.
  3. The RBI has allowed a number of companies like PhonePe to act as account aggregators to facilitate this process
  4. The framework will allow financial data to be exchanged between the holders of data and its users.

Government reduces duty

  1. The government reduced the standard rate of duty on both crude and refined palm oil, soyabean oil, and sunflower oil in order to reduce edible oil prices.
  2. The standard rate of duty on crude palm oil, crude soyabean oil, and crude sunflower oil was reduced to 2.5%
  3. The standard rate of duty was reduced to 32.5% for refined palm oil, refined soyabean oil, and refined sunflower oil.
  4. The agri-cess for crude palm oil had been increased to 20% from 17.5%.
  5. Import duty on edible oils is one of the important factors that impacted landed cost of edible oils and thereby domestic prices.

Emma Raducanu

  1. Britain’s Emma Raducanu completed a Grand Slam fairytale by beating Canadian Leylah Fernandez 6-4 6-3 in the battle of the teens to be crowned U.S. Open champion.
  2. The 18-year-old became the first-ever qualifier to win a Grand Slam title and the first British woman to hoist a major trophy since Virginia Wade triumphed at Wimbledon in 1977.