Current Affairs of 15 September 2015

1. Malcolm Turnbull sworn in as 29th Prime Minister of Australia
Malcolm Turnbull was sworn in as the 29th Prime Minister of Australia. Turnbull was sworn in by Governor-General Peter Cosgrove.
With this, Turnbull, the former Communication Minister of Australia, became Australia's fourth prime minister since 2013. Turnbull gained the power as leader of the ruling centre-right Liberal Party after defeating Tony Abbott in an internal party leadership ballot. 
In the ballot, Abbott received 44 votes while Turnbull received 54 votes.

2. SBI Card launches credit card for online shopping
BI Card, a leading credit card issuer, on Tuesday announced a strategic partnership with 7 of India's biggest e-commerce players for its newest offering, the SimplyCLICK SBI Card.
This is billed as the first-ever credit card that is focused on online shopping across diverse categories.
For this new credit card, SBI Card has partnered Amazon India, BookMyShow, Cleartrip, FabFurnish, Food Panda, Lens Kart and Ola Cabs -- all frontrunners in their respective categories.
Launching the SimplyCLICK SBI Card in the presence of the strategic partners, Vijay Jasuja, CEO, SBI Card, said that SimplyCLICK has been inspired by the needs and aspirations of the generation that is always online.
The SimplyCLICK SBI Card will offer accelerated reward points to the tune of 5X on all online spends made by customers. Additionally, the card will offer reward points to the tune of 10X to cardholders on purchases made on partner sites.
A customer can get up to Rs. 4,000 worth of vouchers by spending Rs. 2 lakh annually via the online medium.
The SimplyCLICK SBI Card will come with a fee of Rs. 499 and will reward customers with an Amazon e-gift welcome voucher worth Rs. 500. The cardholders will receive reversal of the renewal fee on crossing annual spends of Rs. 1 lakh.
SimplyCLICK SBI Card can be used at all merchant outlets within India and worldwide. Extending the card's value proposition to offline retail spends, SimplyCLICK SBI Card will offer fuel surcharge waiver of 2.5 per cent across all petrol pumps in India.

3. RBI, Nepal Rastra Bank ink MoU for supervisory information exchange
Reserve Bank of India (RBI) has inked a Memorandum of Understanding (MoU) with the Nepal Rastra Bank (NRB) on Supervisory Cooperation and Exchange of Supervisory Information. The MoU was signed by RBI’s Executive Director Meena Hemchandra and Nepal Rastra Bank’s Executive Director Narayan Prasad Paudel in New Delhi. By signing the MoU, RBI is seeking to promote greater co-operation and share supervisory information among the authorities. So far RBI has signed 27 such MoUs, one Letter for Supervisory Co-operation (LSC) and one Statement of Co-operation (SoC) in this regard.

4. UN General Assembly adopts of text-based negotiations on UN Security Council reforms
United Nations General Assembly (UNGA) has adopted text-based negotiations on UN Security Council (UNSC) reforms. It will set the stage for talks on the UNSC reforms issue at its 70th session. The draft text-based negotiations include questions on equitable representation and increase in the membership of UNSC. India has welcomed the UNGA’s decision to carry forward the text and described the development as significant and historic. Now it needs to be adopted by consensus by all UN Member States in order reflect of the broad support of the international community to move forward on this issue. India is looking forward to early commencement of text-based negotiations with a view to securing concrete outcomes during the upcoming 70th Session of the UNGA. It also has called upon all Member States of UN to constructively engage in this process so that the long pending reform of the UNSC can be achieved to give it more power to address the global challenges more effectively.

5. We Care Solar won $1 million ‘Powering the Future We Want’ grant of the United Nations
We Care Solar on 14 September 2015 won 1 million US dollar ‘Powering the Future We Want’ grant given by the United Nations Department of Economic and Social Affairs (DESA).
Dr. Laura Stachel, co-founder of We Care Solar, accepted the award at a ceremony held at UN Headquarters in New York. 
We Care Solar provide renewable energy at low cost with a medical device that prevents maternal and child complications during labour in areas without electricity.
Besides, Masdar, a renewable energy company, received a special award, and BYD, an electric vehicle company, was chosen to receive special recognition.

6. UN adopted Resolution proclaiming 9 December as International Genocide Commemoration Day
United Nations General Assembly (UNGA) on 11 September 2015 adopted the resolutions that proclaims 9 December as International Day of Commemoration & Dignity of the Victims of the Crime of Genocide and of the Prevention of this Crime.
The resolution on International Day initiated by Armenia is intended to commemorate and honour the victims of the crime of genocide around the world, and to raise awareness of the Convention and its role in protecting populations from future genocides. 
The resolution was adopted without a vote in the 193-member Assembly and it reiterates the responsibility of each individual State to protect its populations from genocide through appropriate and necessary means.

7. Modi holds talks with Sri Lankan PM for extending trade, bilateral relations
Prime Minister Narendra Modi on Tuesday sought the support of the Sri Lankan Prime Minister, Ranil Wickremesinghe, for Indian investors who are keen to participate in that country’s economic development, especially in the infrastructure, energy, and transport sectors. Wickremesinghe is on a three-day official visit to India, his first overseas visit since assuming office.
During the talks the Indian Prime Minister also assured Prime Minister 
Wickremesinghe of India’s continuing commitment to the developing partnership between the two countries — in infrastructure, railways, energy, community development projects, agriculture, capacity building, science and technology, space, and the civil nuclear field.
The Sri Lankan Prime Minister also asked people to remember that economic cooperation between India and Sri Lanka was nothing new and had been going on for over 2,500 years.
Stating that the two leaders had long discussions on different areas that concern the two countries, the Sri Lankan Prime Minister said he had briefed Modi and the Foreign Minister on developments in Geneva, adding that a favourable outcome (of) that would deal finality to the settlement of issues regarding human rights and reconciliation, where all Sri Lankans are treated equally.
The Sri Lankan Prime Minister added that the two leaders had also discussed the issue of fisheries in the Palk Straits and the need for fishermen from both sides to have discussions and, hopefully, conclude them in a time-bound framework.

8. Paytm introduces cashless payments in educational institutions
Paytm has introduced cashless payments in educational institutions, which will enable users to pay school fees and dues, cafeteria bill, buy uniforms, books and merchandise.
Paytm, the country’s India’s largest mobile commerce platform, has tied up with several premium educational institutions from pre-schools to colleges such as IIT Mandi, Universal Education Trust, KN Modi University, Vidyamandir Classes, Made Easy, Career Launcher, Jamboree, Primus Public School, Bengaluru and Swaminarayan Gurukul Vidyalaya, among others.
Paytm is in advanced stage discussions with all leading IITs, IIMs, central and state universities.
As per a Fitch report, the Indian education sector’s market size is estimated at $109.84 billion in FY15, which makes India the world’s third largest market for education by size.

9. Sports Ministry recognized the Indian Kalarippayattu Federation as Regional Sports Federation
The Ministry of Youth Affairs and Sports on 14 September 2015 recognized the Indian Kalarippayattu Federation as Regional Sports Federation with a view to promote and give due acknowledgement and importance to sports having regional spread.
This recognition grants a major role to the Indian Kalarippayattu Federation (IKF) in promoting and developing Kalarippayattu sport in India. 
About Kalarippayattu Sport 
• Kalaripayattu sport is a Martial art sport that is performed in Southern state of Kerala and in some parts of Tamil Nadu. 
• The word kalari in Kalaripayattu has been derived from Sangam literature which describes both a battlefield and combat arena.
• It is considered to be one of the oldest fighting system in existence with its origin dating back to 3nd century BC to the 2nd century AD when each warrior in Sangam era received regular military training.

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