Current Affairs September 2021

RBI fixes minimum ticket size for issuance of securitisation notes at Rs.1 crore

Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021, exposures to securitisations that are STC (simple, transparent, and comparable)-compliant can be subject to the alternative capital treatment. As per the guidelines of RBI, the minimum ticket size for the issuance of securitization notes will be Rs.1 crore. What is Securitisation? Securitisation involves transactions where credit […]

RBI fixes minimum ticket size for issuance of securitisation notes at Rs.1 crore Read More »

RBI allows lenders to sell fraud loans to Asset Reconstruction Companies

The Reserve Bank of India has allowed lenders/banks to transfer loans that have been classified as fraud by these lenders to Asset Reconstruction Companies (ARCs). Stressed loans including fraud loans that are in default for more than 60 days or classified as NPA are permitted to be transferred to ARCs. Banks will now be able to transfer to

RBI allows lenders to sell fraud loans to Asset Reconstruction Companies Read More »

Ministry of Defence inks deal with Airbus Defence & Space, Spain for 56 C-295MW transport aircraft for IAF

Ministry of Defence (MoD) signed a contract with M/s Airbus Defence and Space, Spain for the acquisition of 56 C-295MW transport aircraft for the Indian Air Force, on September 24, 2021. The MoD has also signed an Offset Contract with M/s Airbus Defence and Space through which M/s Airbus will discharge its offset obligations through

Ministry of Defence inks deal with Airbus Defence & Space, Spain for 56 C-295MW transport aircraft for IAF Read More »

Supreme Court introduces FASTER (Fast and Secured Transmission of Electronic Records) System

The Supreme Court has introduced the ‘Fast and Secured Transmission of Electronic Records’ (FASTER) system, by which the crucial decisions can be communicated electronically to prison authorities and investigating agencies. A three-judge bench of Chief Justice N.V. Ramana, Justice Nageswara Rao and Justice Surya Kant has instructed state governments, Union territories, prison departments, and other authorities concerned

Supreme Court introduces FASTER (Fast and Secured Transmission of Electronic Records) System Read More »

PM Narendra Modi addresses 76th session Of UN General Assembly

Prime Minister Narendra Modi reached New York to address the 76th session of the United Nations General Assembly. PM Modi is the first world leader scheduled to address the UN General Assembly. The UN General Assembly session is likely to commence from 6.30 pm IST. The theme of the 2021 UN General Assembly session was building

PM Narendra Modi addresses 76th session Of UN General Assembly Read More »

World Tourism Day: 27 September

World Tourism Day is observed worldwide on September 27 since 1980. This date was chosen by the United Nations World Tourism Organization (UNWTO) as on that day in 1970, the Statutes of the UNWTO were adopted. The purpose of this day is to raise awareness of the role of tourism within the international community and to demonstrate how it affects

World Tourism Day: 27 September Read More »

World Environmental Health Day: 26 September

In 2011, the International Federation of Environmental Health (IFEH) declared to observe World Environmental Health Day on 26 September every year. The central idea behind celebrating this day is that the health of the human race is irrevocably intertwined with the health of the environment. Therefore, in order to protect and advance human health, preserving

World Environmental Health Day: 26 September Read More »

The Long Game: How the Chinese Negotiate with India book by Vijay Gokhale

China’s relationship with India has wide-ranging economic and security implications for the country. Understanding how the Chinese conduct diplomacy can help India better prepare for future negotiations. In his new book titled, ‘The Long Game: How the Chinese Negotiate with India’, former foreign secretary of India, Vijay Gokhale, unpacks the dynamics of India-China relations through the

The Long Game: How the Chinese Negotiate with India book by Vijay Gokhale Read More »

Nirupama Rao authors a book titled “The Fractured Himalaya: How the Past Shadows the Present in India-China Relations”

The former Foreign Secretary of India Nirupama Menon Rao has authored a new book titled “The Fractured Himalaya: How the Past Shadows the Present in India-China Relations”. The book covers India’s road to war with China in 1962. The book traces how India and China dealt with one another in their earliest years, from the friendship

Nirupama Rao authors a book titled “The Fractured Himalaya: How the Past Shadows the Present in India-China Relations” Read More »

Women’s rights activist and author Kamla Bhasin Died at 75

Women’s rights activist Kamla Bhasin, known for being a part of the ‘One Billion Rising’ campaign in South Asia among other important movements, died today. She was 75. she was suffering from cancer. A noted feminist and author, she had been working on issues related to gender, development, peace, and human rights for over three

Women’s rights activist and author Kamla Bhasin Died at 75 Read More »