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Current Affairs: 18 September 2016

India’s foreign exchange reserves up at $371 Bn

  • The Reserve Bank of India (RBI) announced India’s foreign exchange reserves went up to$371.27 billion as on September 9. According to data released by the RBI, the reserves stood at $371.27 billion as on September 9, as against $367.76 billion as on Sep 2.

Andhra Pradesh tops in attracting industrial investment

According to the latest RBI Report,Andhra Pradesh had emerged on the top among all other states in attracting industrial investments in 2015-16,  pushing the previous year’s topper Maharashtra to the third spot.

India, AfDB ink MoU for hosting bank’s annual meetings at Ahmedabad

Government of India and the AfDB signed MoU to host the next annual meetings of the African Development Bank (AfDB) Group at Mahatma Gandhi Convention Centre , Ahmedabad from May 22 to May 26, 2017. The meeting will be led by Ms Nnenna Nwabufo, chairperson, permanent committee for annual meetings.

Tata AIG, Paytm to offer health insurance to cab drivers


Tata AIG General Insurance Company Limited had joined hands with mobile payments’ company Paytm to provide health insurance to cab and auto drivers. Tata AIG General Insurance had designed cashless insurance scheme, as required by Paytm, to provide drivers, quality medical care as per their need and budget.

Malayalam critic M Leelavathi bags Mohanan Suvarna Mudra Award


Eminent Malayalam critic and academician Dr M Leelavathi has been chosen for the prestigious N Mohanan Suvarna Mudra Award 2016.The award was instituted in memory of well-known short story writer N Mohanan.The honour comprises a gold medal of one sovereign.

Ajinkya Rahane and Rohit Sharma honored with Arjuna Award


India batsmen, Ajinkya Rahane and Rohit Sharma were awarded with the prestigiousArjuna Award for 2016 and 2015 respectively, at the Jawaharlal Nehru Stadium in New Delhi.

VK Sharma replaces SK Roy as LIC chairman


VK Sharma was appointed as chairman of state-owned Life Insurance Corporation of India on September 17, 2016, announced by finance ministry.He will be replaced SK Roy . Sharma is currently working as the Managing director of LIC .

Indian Navy launches missile destroyer ‘Mormugao’


The Indian Navy launched an advanced indigenously built guided-missile destroyer, Mormugao, in financial capital of the country (Mumbai). Navy chief Admiral Sunil Lanba, who was present when the vessel was released into the Arabian Sea, announced that the  stealth destroyer was at par with the best vessels in the world.

US playwright Edward Albee dies at the age of 88


Pulitzer Prize-winning playwright Edward Albee died in New York. He was 88. He was the America’s greatest living play writer after Arthur Miller and August Wilson .


Italy’s Former President Carlo Azeglio Ciampi dies


Carlo Azeglio Ciampi, the former Italian president who played a crucial role in Italy’s adoption of the euro, has died at the age of 95. Ciampi spent 14 years as governor of the Bank of Italy and later served as a Treasury minister.

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