Daily Current Affairs, 11th September 2017 - VISION

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Monday, September 11, 2017

Daily Current Affairs, 11th September 2017







1) Venkaiah Naidu Laid Foundation of Country’s First ‘Green-Field’ Smart City
•Vice President M Venkaiah Naidu laid the foundation stone for Ranchi Smart City coming up on the Heavy Engineering Corporation (HEC) land. According to the Urban Development Minister CP Singh, this would be the country’s first ‘green-field’ smart city.

•The smart city is coming up on 656 acres of HEC land which would be fully wi-fi, carbon free, garbage free locality with modernized housing, traffic management system, education hub and equipped with facilities like round the clock power and water supplies.

2) Second Indian Workers’ Resource Centre Inaugurated in UAE
•Indian Ambassador in UAE Navdeep Singh Suri inaugurated the second Indian Workers’ Resource Centre (IWRC) in UAE to provide support and counseling to Indians in distress.

•IWRC provides counseling and support to the overseas Indian Community on legal, personal and financial matters, free of cost. IWRC will provide support and guidance to any member of the Indian community in any such distress situation.

3) DRDO Carries Out Successful Tests of Nag Missile
•India's indigenously developed third generation anti-tank guided missile (ATGM) Nag has been successfully flight tested by Defence Research and Development Organisation (DRDO) in deserts of Rajasthan, marking the completion of development trials.

•According to the defence ministry, Nag has been successfully flight tested twice by the DRDO against two different targets in Rajasthan. The missile can hit a target up to seven km.

4) Prince Charles Becomes Longest-Serving Prince of Wales
•Prince Charles, the heir to Britain’s throne, became the longest-serving Prince of Wales in history. The 68-year-old broke the record of Queen Victoria’s oldest son Albert, who went on to become King Edward VII after holding the title of Prince of Wales for more than 59 years before becoming monarch.

•Prince Charles is the 21st Prince of Wales in the current line. Prince Charles was created Prince of Wales when he was nine years old on July 26, 1958. He has now held the title for more than 59 years.

5) Shaheen VI: China-Pakistan Air Forces Joint Exercise
•The air forces of China and Pakistan began a joint training exercise named "Shaheen VI" and deployed their latest fighter jets and AWACS aircraft. China has dispatched J-11 fighters, JH-7 fighter-bombers, KJ-200 AWACS aircraft and ground forces including surface-to-air missile and radar troops.

•The exercise will run in China. AWACS is Airborne Warning And Control System, a mobile, long-range radar surveillance and control centre for air defence. 

6) IndusInd Bank and Bharat Financial Inclusion Sign Exclusivity Agreement for Merger
•Private sector lender IndusInd Bank and India's second largest Microfinance company Bharat Financial Inclusion have signed a confidentiality agreement for the proposed merger between them.

•The Hinduja Group controlled bank has informed the exchanges about an ‘exclusivity agreement’ with the micro lender to explore merger or expansion plans. The deal between the two companies may formalise after due diligence, definitive documentation and their shareholders, regulatory, NCLT and other third-party approvals, as applicable.