The Hindu News Paper Summary 12-09-2017

The Hindu News Paper Summary 12th September 2017

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The Hindu News Paper Summary (12th September 2017)

1. Centre decided to put unruly air passengers on a no fly list ranging from three months to a lifetime depending on the gravity of the offence. (b). List will be maintained by the director general of civil aviation and will be put on the public domain. (C). The quantum of punishment to be decided by an internal committee of the airline in question based on evidence produced by both the airline and the passenger within 30 days. During this period passenger is not allowed to fly. (d). Aggrieved passenger can appeal within 60 days to an appellate committee. (e). Other airlines are not bound by one airline fly ban.

2. Javanese Prime Minister Shinzo Abe will arrive in Gujarat later this week to lay the foundation stone for the Mumbai-Ahemadabad high speed rail (MAHSR) project also known as the ahemdabad-Mumbai bullet train.

3. An economic concept that serves as the linchpin for central banks across the world is 'The Phillips curve', developed by economist A.W.H. Phillips. It states that there is an inverse relationship between an inflation and unemployment in an economy.

4. Paradox of Aid, coined by British economist Peter Thomas Bauer, in his 1971 book , dissent and development, refers to the paradoxical situation wherein countries that have good institution to achieve economic growth have no need for foreign aid while countries that posses poor institution that inhibit their growth do not benefit from any amount of foreign aid.

5. Research students in Indian Institute of science, Benguluru and Indian institute of technology who got 8CGPP or above in or were in top 20 percentile will be eligible to apply for 2000 research fellowship of rs. 70,000/- a month for innovative research project

6. Supreme court on 11.09.2017 placed the is insolvency resolution professional (IRP) back in the saddle to manage Jaypee Infratech ltd. And drafted an interim scheme to bail out 30,000 harrased home buyers, who invested in the debt ridden company's 32 housing projects.

7. According to an RBI paper, Farm loan waivers amounting to 88,000 crores likely to be released in 2017-18 by seven States including U.P. and Maharashtra may push inflation on a permanent basis by 0. 2% points .

8. Post demonetisation, India has become one of the fastest growing market for digital currencies like bitcoin, according to Nicolas Cary, co founder and president of Blockchain, the largest software provider for crypto currencies in the world.

9. ITC is investing Rs. 25,000 crore in 65 projects that are in various stages

10. Infosys completed the acquisition of Brilliant basic, a London based product design & customer experience innovator.

11. Janalakshmi financial services (JFS) which recently received a licence to set up a small finance bank has raised Rs. 1030 crore from a investor led by TPG, a global firm with about $73 billion of assets under

12. Accelator group M.D. Seema Chaturvedi said that Accellator group is setting up a $25 million fund that will invest women-owned and led ventures in India

13. Net direct tax collection up to August 2017 rose 17.5% over the same period of the previous year.

14. Spain data protection watchdog has slapped a fine of Euro 1.2 million (Rs. 9 crore) on facebook for failing to prevent its users data being accessed by advertisers.

15. Rafael Nadal wins U.S. open title after defeating Kevin Anderson in Queens, New York. It is his third U.S. title and 16th Grand slam.

16. Nobel Laureate Kailash Satyarthi kicked off his 36 day Bharat yatra against child trafficking and  sexual abuse from the southern tip of the country towards New Delhi on Monday (11.09.2017).

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