Current Affairs of 19 septemebr

 1. 17th Asian Games INCHEON 2014 inauguration  today
The 2014 Asian Games, officially known as the XVII Asiad, is the largest sporting event in Asia governed by Olympic Council of Asia (OCA). It is scheduled to take place in Incheon, South Korea from September 19 – October 4, 2014,with 439 events in 36 sports and disciplines set to feature in the Games.
Hockey captain Sardar Singh to be flag bearer after five others refuse top honour.
Many top Indian athletes inclduing ace shuttler Saina Nehwal refused to be the flag-bearer for the Asian Games opening ceremony giving some agonising moments to the officials accompanying the team. The choice has now fallen finally on Indian hockey captain, Sardar Singh, who will do the honours.
Other athletes who were considered for the honour but could not confirmed due to one reason or other include, discus thrower Vikas Gowda, shooter Abhinav Bindra, middle distance runner Sudha Singh and tennis start Sania Mirza.


2. Obama nominates Richard Verma as new US envoy to India
President Barack Obama on Thursday nominated former state department official Richard Rahul Verma, an Indian-American, as the next US ambassador to India.
Verma served as secretary of state Hillary Clinton’s point man on legislative affairs, working Capitol Hill using his experience there as a long-time congressional aide.

3. Param Vir Chakra Memorial dedicated to the nation
A memorial built as a testimony to the sacrifices made by soldiers has been dedicated to the nation at the Marina Park here.
The memorial was dedicated to the nation by Andaman and Nicobar Islands Lieutenant Governor Lt Gen A K Singh (Retd). Param Vir Chakra, India's highest gallantry award, is awarded to officers and enlisted personnel of all military branches for the highest degree of valour and self-sacrifice in the presence of the enemy and may be awarded posthumously.

4. Grand Slam winner Li Na announces retirement
 Li Na, a two-time Grand Slam champion from China who took tennis in
 Asia to a new level, has retired due to recurring knee injuries.
The 32-year-old Li posted the news on her microblog on Friday, ending a week of intensifying speculation that she would announce her retirement ahead of the new WTA event at Wuhan, her home town.
Li won the 2011 French Open, becoming the first player from China to win a Grand Slam singles title, and clinched the Australian Open title in January in her third trip to the final at Melbourne Park.
She only entered seven tournaments after that, and hasn’t played since a third-round defeat at Wimbledon. She withdrew from three tournaments in August, including the U.S. Open, citing a right knee injury.

5. Mandolin Shrinivas passes away
 Child prodigy-turned-master musician Mandolin U. Shrinivas (45) passed away on September 19, 2014 following a failed liver transplant.
Hailing from Palakol in Andhra Pradesh, Uppalapu Shrinivas, born on February 28, 1969, showed an uncanny interest in his father Sathyanarayana's mandolin at a very young age. He stormed the Carnatic music scene with his first public performance in 1978 and since then there was no looking back.
Known for having adapted a difficult electric western instrument to the Carnatic stage with awe-inspiring success, Shrinivas impressed pundits and lay listeners alike. He was the recipient of prestigious awards such as the Padma Shri and the Sangeet Natak Akademi award.

6.  M&M ties up with Snapdeal for pre-bookings of Scorpio
 Ahead of the launch of its new generation Scorpio, Mahindra and Mahindra (M&M) has partnered online marketplace Snapdeal for booking the sport utility vehicle (SUV).
“This is an industry first. We wanted to make it convenient for customers to book the new Scorpio and hence tied up with Snapdeal fro, the same,” Vijay Nakra, Sr VP (Sales and Customer Care) at M&M

7. In historic vote, Scots decide to remain with the UK
 Scottish voters have rejected independence, deciding to remain part of the United Kingdom after a historic referendum that shook the country to its core.
The decision prevented a rupture of a 307—year union with England, bringing a huge sigh of relief to the British political establishment. Scots voted 55 percent to 45 percent against independence in a vote that saw an unprecedented turnout.
A majority of voters did not embrace Scottish First Minister Alex Salmond’s impassioned plea to launch a new state, choosing instead the security offered by remaining in the United Kingdom.

8. Volleyball player K. Udayakumar passes away in Kerala

rjuna award winning volleyball played K. Udayakumar died following a massive heart attack around noon on Friday. He was 54.
Mr. Udayakumar, a member of the bronze medal winning team at the Seoul Olympics Olympics in 1986. He was honoured with the Arjuna award in 1991.
Mr. Udayakumar has been serving as Aide De Camp to successive Governors of Kerala since 2002.

9. Federal Bank launches new version of e-passbook
 Federal Bank on Friday said it has launched a new version of its electronic passbook called ‘FedBook’.
Customers can now monitor their loan accounts, keep track of their cheques and view their deposit accounts with ease, the old generation private sector bank said in a statement.
The new version of FedBook, among others, provides the account holders with the current balance, interest rate, loan period, installment amount, due date of remittance, amount due of their various loan accounts on their cell phones.
In the case of deposit accounts – Recurring and Fixed Deposits, Deposits with re-investment plan (Cash Certificates) -- the opening balance, latest balance, interest rate, date of opening, maturity date, and period of deposit can be viewed, the statement said.

10. Sushma Swaraj inaugurates Nalanda University
Ancient Nalanda University, which once attracted students from across the world, was today formally inaugurated in its modern ‘avatar’ by External Affairs Minister Sushma Swaraj here.
 The Centre had already alloted Rs. 2,727 crore, which would be spent in building a high class campus of the university in 10 years, Swaraj said.
The minister supported Bihar Chief Minister Jitan Ram Manjhi’s request to the Centre for an airport here so that foreign students and dignatories could reach the university, which is situated about 12 km from the ruins of the ancient one and 100 km from Patna, easily.

11. SBI, ICICI Bank, Axis Bank to get China Exim Bank credit

State Bank of India and ICICI Bank on Thursday signed framework agreements with the Export Import Bank of China (China Exim Bank) for Lines of Credit (LOC) amounting to $1.8 billion and $1 billion respectively.
The LOC will be utilised for projects involving import of Chinese raw materials, energy, equipment, mechanical and electronic products, complete sets of equipment, new and high-tech products, energy projects, infrastructure and construction projects and any other projects mutually agreed on by the two banks, the banks said in their respective statements.
Axis Bank, India’s third largest private bank, also signed an MoU with China Development Bank for an undisclosed amount to support its corporate clients by funding them at competitive rates.

 1. 17th Asian Games INCHEON 2014 inauguration  today
The 2014 Asian Games, officially known as the XVII Asiad, is the largest sporting event in Asia governed by Olympic Council of Asia (OCA). It is scheduled to take place in Incheon, South Korea from September 19 – October 4, 2014,with 439 events in 36 sports and disciplines set to feature in the Games.
Hockey captain Sardar Singh to be flag bearer after five others refuse top honour.
Many top Indian athletes inclduing ace shuttler Saina Nehwal refused to be the flag-bearer for the Asian Games opening ceremony giving some agonising moments to the officials accompanying the team. The choice has now fallen finally on Indian hockey captain, Sardar Singh, who will do the honours.
Other athletes who were considered for the honour but could not confirmed due to one reason or other include, discus thrower Vikas Gowda, shooter Abhinav Bindra, middle distance runner Sudha Singh and tennis start Sania Mirza.


2. Obama nominates Richard Verma as new US envoy to India
President Barack Obama on Thursday nominated former state department official Richard Rahul Verma, an Indian-American, as the next US ambassador to India.
Verma served as secretary of state Hillary Clinton’s point man on legislative affairs, working Capitol Hill using his experience there as a long-time congressional aide.

3. Param Vir Chakra Memorial dedicated to the nation
A memorial built as a testimony to the sacrifices made by soldiers has been dedicated to the nation at the Marina Park here.
The memorial was dedicated to the nation by Andaman and Nicobar Islands Lieutenant Governor Lt Gen A K Singh (Retd). Param Vir Chakra, India's highest gallantry award, is awarded to officers and enlisted personnel of all military branches for the highest degree of valour and self-sacrifice in the presence of the enemy and may be awarded posthumously.

4. Grand Slam winner Li Na announces retirement
 Li Na, a two-time Grand Slam champion from China who took tennis in
 Asia to a new level, has retired due to recurring knee injuries.
The 32-year-old Li posted the news on her microblog on Friday, ending a week of intensifying speculation that she would announce her retirement ahead of the new WTA event at Wuhan, her home town.
Li won the 2011 French Open, becoming the first player from China to win a Grand Slam singles title, and clinched the Australian Open title in January in her third trip to the final at Melbourne Park.
She only entered seven tournaments after that, and hasn’t played since a third-round defeat at Wimbledon. She withdrew from three tournaments in August, including the U.S. Open, citing a right knee injury.

5. Mandolin Shrinivas passes away
 Child prodigy-turned-master musician Mandolin U. Shrinivas (45) passed away on September 19, 2014 following a failed liver transplant.
Hailing from Palakol in Andhra Pradesh, Uppalapu Shrinivas, born on February 28, 1969, showed an uncanny interest in his father Sathyanarayana's mandolin at a very young age. He stormed the Carnatic music scene with his first public performance in 1978 and since then there was no looking back.
Known for having adapted a difficult electric western instrument to the Carnatic stage with awe-inspiring success, Shrinivas impressed pundits and lay listeners alike. He was the recipient of prestigious awards such as the Padma Shri and the Sangeet Natak Akademi award.

6.  M&M ties up with Snapdeal for pre-bookings of Scorpio
 Ahead of the launch of its new generation Scorpio, Mahindra and Mahindra (M&M) has partnered online marketplace Snapdeal for booking the sport utility vehicle (SUV).
“This is an industry first. We wanted to make it convenient for customers to book the new Scorpio and hence tied up with Snapdeal fro, the same,” Vijay Nakra, Sr VP (Sales and Customer Care) at M&M

7. In historic vote, Scots decide to remain with the UK
 Scottish voters have rejected independence, deciding to remain part of the United Kingdom after a historic referendum that shook the country to its core.
The decision prevented a rupture of a 307—year union with England, bringing a huge sigh of relief to the British political establishment. Scots voted 55 percent to 45 percent against independence in a vote that saw an unprecedented turnout.
A majority of voters did not embrace Scottish First Minister Alex Salmond’s impassioned plea to launch a new state, choosing instead the security offered by remaining in the United Kingdom.

8. Volleyball player K. Udayakumar passes away in Kerala

rjuna award winning volleyball played K. Udayakumar died following a massive heart attack around noon on Friday. He was 54.
Mr. Udayakumar, a member of the bronze medal winning team at the Seoul Olympics Olympics in 1986. He was honoured with the Arjuna award in 1991.
Mr. Udayakumar has been serving as Aide De Camp to successive Governors of Kerala since 2002.

9. Federal Bank launches new version of e-passbook
 Federal Bank on Friday said it has launched a new version of its electronic passbook called ‘FedBook’.
Customers can now monitor their loan accounts, keep track of their cheques and view their deposit accounts with ease, the old generation private sector bank said in a statement.
The new version of FedBook, among others, provides the account holders with the current balance, interest rate, loan period, installment amount, due date of remittance, amount due of their various loan accounts on their cell phones.
In the case of deposit accounts – Recurring and Fixed Deposits, Deposits with re-investment plan (Cash Certificates) -- the opening balance, latest balance, interest rate, date of opening, maturity date, and period of deposit can be viewed, the statement said.

10. Sushma Swaraj inaugurates Nalanda University
Ancient Nalanda University, which once attracted students from across the world, was today formally inaugurated in its modern ‘avatar’ by External Affairs Minister Sushma Swaraj here.
 The Centre had already alloted Rs. 2,727 crore, which would be spent in building a high class campus of the university in 10 years, Swaraj said.
The minister supported Bihar Chief Minister Jitan Ram Manjhi’s request to the Centre for an airport here so that foreign students and dignatories could reach the university, which is situated about 12 km from the ruins of the ancient one and 100 km from Patna, easily.

11. SBI, ICICI Bank, Axis Bank to get China Exim Bank credit

State Bank of India and ICICI Bank on Thursday signed framework agreements with the Export Import Bank of China (China Exim Bank) for Lines of Credit (LOC) amounting to $1.8 billion and $1 billion respectively.
The LOC will be utilised for projects involving import of Chinese raw materials, energy, equipment, mechanical and electronic products, complete sets of equipment, new and high-tech products, energy projects, infrastructure and construction projects and any other projects mutually agreed on by the two banks, the banks said in their respective statements.
Axis Bank, India’s third largest private bank, also signed an MoU with China Development Bank for an undisclosed amount to support its corporate clients by funding them at competitive rates.

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