Daily GK Update:1st September 2016

International Affairs

1. BRICS Convention on Tourism begins in Madhya Pradesh

• Today, two-day long 2016 BRICS Convention on Tourism has begun at world heritage site Khajuraho, Madhya Pradesh.
• State’s Tourism Minister Shri Surendra Patwa and Union Tourism Secretary Vinod Zutshi inaugurated the convention.
• Delegations from the BRICS countries India, Brazil, Russia, China and South Africa are participating in the event.
• The convention has been organized as a precursor to the BRICS Summit to be held in Goa in October 2016.

National Affairs

2. Railway launches insurance scheme for passengers traveling on e- ticket

• Today, Railway Minister Suresh Prabhu has launched an insurance scheme for passengers traveling on e- ticket.
• To avail the facility, train passengers have to pay 92 paisa premium.
• A person booking a train ticket through the IRCTC website will be eligible for the travel insurance and it is optional.
• The facility will be available only for confirmed and RAC ticket passengers.

Note:- 

• The scheme offers travelers or nominees a compensation of 10 lakh Rupees in the event of death (or total disability) 7.5 lakh Rupees for partial disability, up to 2 lakh Rupees for hospitalization expenses and 10,000 rupees for transportation of mortal remains from the place of a train accident.
• The insurance cover will not be applicable for children up to 5 years of age and foreign citizens.

3. ISRO to launch Insat 3 D R satellite

• Indian Space Research Organisation (ISRO) will launch Insat 3 D R satellite on 8th of September.
• According to ISRO chairman Dr A S Kiran Kumar, on 26th September SCAN SAT satellite will also be launched.
• He said the SCAN SAT will be launched along with one Algerian satellite, two university satellite.

4. Anant Kumar inaugurates INDIA-CHEM 2016 International Conference in Mumbai

• Union Ministers for Chemicals & Petrochemicals Anant Kumar has inaugurated 3 day INDIA-CHEM 2016 International Conference in Mumbai.
• It includes 23 countries, 282 exhibitors along with partner states like Andhra Pradesh, Gujarat and Orissa.
• Anant Kumar has announced that Chemical Institute of technology will be launched soon in Mumbai.

Banking & Finance

5. India’s economic growth for first quarter slows to 7.1 percent

• India’s gross domestic product (GDP) slowed to 7.1 % in the April to June quarter of the current fiscal.
• This is the slowest growth in the last six quarters due to the subdued performance of the mining, construction and farm sectors.
• GDP had expanded 7.5 %  growth in the year-ago quarter and 7.9% in the January to March 2016 quarter.
• Growth in the farm sector  1.8 % and in construction it was 1.5 % during the quarter under review and manufacturing sector growth accelerated to 9.1%.

National & International Appointment

6. Anuradha Rao appointed as MD, CEO of SBI Mutual Fund

• Anuradha Rao has been appointed  as the Managing Director (MD) and chief executive of SBI Mutual Fund.
• She has worked as the Chief General Manager (GM) of personal Banking at the bank.
• SBI Mutual Fund is a bank-sponsored fund house with its corporate headquarters in Mumbai, India.

7. Michel Temer sworn in as new Brazil president

• Brazil’s former vice president Michel Temer (75-year) has been sworn in as the new president (37th) after the country’s Senate voted to remove Dilma Rousseff from office.
• Temer will serve as president until December 31, 2018.

8. Ashok Chawla appointed as Chancellor of TERI University

• Former Finance Secretary Ashok Chawla (IAS officer of 1973 batch) has been appointed as the new Chancellor of The Energy and Resources Institute (TERI) University.
• He is currently serving as the Chairman of TERI since February 2016.
• TERI has ended its last association with former Chancellor and Head R.K. Pachauri, who was accused of sexually harassing a female colleague in 2015.

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