1. SBI cuts lending rates 10 bps
- SBI announced its fifth-rate cut on its marginal cost of funds based lending rate by 10 basis points (bps) across all tenors.
- The interest rate is now 8.15%. It will be effective from 10 September 2019.
- The reduction in the lending rate is expected to profit all the current SBI clients who have a home, auto and other category loans of MCLR.
Foot Notes:
About SBI:
1. Founded : 2 July 1955
2. Headquarteres : Mumbai, Maharashtra
3. Chairman of SBI : Rajnish Kumar.
2. Committee on the Rights of Persons with Disabilities held at Geneva
- The UN Committee on Convention on Rights of Persons with Disabilities (CRPD) in its 22nd Session took up India’s initial Country Report for consideration at UNHRC in Geneva.
- India is a signatory of the United Nations Convention on Rights of Persons with Disabilities (UNCRPD). In November 2015, India submitted its First Country Report on Status of Disability in India which was ratified in pursuance of Article 35 of the Convention.
3. Prime Minister to Launch Kisan Man Dhan Yojana on the 12th of September
- Prime Minister Narendra Modi launched the Kisan Maan Dhan Yojana on the 12th of September at Ranchi, Jharkhand.
- The Scheme shall secure the lives of 5 Crore Small and Marginal Farmers by providing a minimum pension of Rs 3000 per month to attain 60 years of age.
- The scheme has an outlay of Rs 10,774 Crore for the next three years.The small and marginal farmers who are currently between the ages of 18 to 40 years can apply for the scheme.
About Kisan Maan Dhan Yojana :
1. Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is an old age pension scheme for all land holding Small and Marginal Farmers (SMFs) in the country.
2 .It is a voluntary and contributory pension scheme for the entry age group of 18 to 40 years.
4. Two UTs J&K, Ladakh will have a common high court
- State Judicial Academy of Jammu & Kashmir said that J&K and Ladakh will become two separate Union territories (UTs) from 31 October but it will have a common high court. This order was issued by the State Judicial Academy's Director Rajeev Gupta.
About J&k :
1 .Capital : Srinagar & Jammu
2. Governor :Satya Pal Malik
3. Parliamentary constituency : Rajya Sabha (4) Lok Sabha (6)
About Ladakh :
1. Districts: Kargil, Leh
5. IPPB launched AePS services
- India Post Payments Bank (IPPB) rolled out Aadhaar enabled payment system (AePS) services.
- IPPB become the single largest platform in the country for providing interoperable banking services to the customers of any bank.
About IPPB:
1 .Founded: 1 September 2018
2. Headquarters location: New Delhi
3. Parent organization: India Post
4. Key person: Suresh P. Sethi
6. Rajiv Kumar appointed as the new MD of Microsoft India
- Rajiv Kumar appointed as the new managing director of Microsoft India (R&D) Pvt Ltd (MIRPL).
- He will replace Anil Bhansali.
About Microsoft:
1. CEO: Satya Nadella
2. Headquarters: Redmond, Washington, United States
3 .Founders: Bill Gates, Paul Allen
7. World Suicide Prevention Day 2019 is observed on 10 September
- World Suicide Prevention Day 2019 is observed on 10 September every year. The day aims to raise awareness of the risks of suicide and to fund suicide prevention activities. It also aims to provide worldwide commitment and action to prevent suicides.
- Theme:Working Together to Prevent Suicide.
- Initiated by: International Association for Suicide Prevention (IASP)
About IASP :
1 .Founded: 1973
2. Headquarters: Washington, D.C., United States
3. Type of business: Nongovernmental organization
8. SIWI organised 2019 World water week observed in Stockholm
- Week-long conference on global water issues the 2019 World Water Week organised by the Stockholm International Water Institute(SIWI) observed in Stockholm, Sweden from 25 to 30 August
- The theme is Water for society – Including all.
About SIWI
1. Headquarters location: Stockholm, Sweden
2. Type of business: Think tank
9. Vikram Lander is tilted and not broken
- The Indian Space Research Organisation (ISRO) said that the Lander is tilted and not broken.
- ISRO is trying to establish contact with the Vikram lander. The lunar probe made a hard landing during its final descent to the moon on 7 September.
- ISRO also said that the Chandrayaan-2 mission has achieved 90-95% of its objectives. Also, the data thus generated would be useful for the global scientific community.
About chandrayaan 2
1. Launch date: 22 July 2019
2. Launch site: Satish Dhawan Space Centre Second Launch Pad
3. Rocket: Geosynchronous Satellite Launch Vehicle Mark III
4. Manufacturer: Indian Space Research Organisation (ISRO)
10. Nissan CEO Saikawa resigns
- Nissan Motor CEO Hiroto Saikawa has resigned his position. His resignation after an internal investigation that revealed falsified documents that boosted his compensation in 2013.
- The change increased his compensation by about 96.5 million yen (roughly $900,000 at that time), based on current foreign exchange rates.
About Nissan motors
1 .Headquarters: Yokohama, Kanagawa Prefecture, Japan
2. Subsidiaries: Infiniti, Nismo, Autech, Nissan Shatai, Jatco, MORE
3. Parent organization: Renault