The Hindu News Paper Summary 13-09-2017

The Hindu News Paper Summary 13th September 2017

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The Hindu News Paper Summary (13th September 2017)

1.The Ministry of Finance has notified the minting of commemorative ₹100 and ₹5 coins to mark the birth centenary of popular politician and former Tamil Nadu Chief Minister M.G. Ramachandran.                                              
(b). Ramachandran, affectionately called MGR by his fans, was born on January 17, 1917 and passed away on December 24, 1987.
(c). The numerals ‘1917-2017’ will appear below the portrait of Ramachandran. The design of the ₹5 coin will be similar to that of the ₹100 coin.

The ₹100 coin will weigh 35 grams and have 50% silver in its composition. The ₹5 coin will be composed of copper, zinc and nickel.

2.  The Union Cabinet on Tuesday approved the release of an additional 1% of dearness allowance (DA) to Central government employees and dearness relief (DR) to pensioners.

This will be applicable retrospectively from July 1, 2017.

3. The Chhattisgarh government on Tuesday declared 96 of the 149 tehsils drought-hit owing to less than normal rainfall this year.

4. The University Grants Commission on Tuesday announced the beginning of a 90-day application process for universities — public and private — to seek the status of institutions of eminence, which will provide them freedom from the regular regulatory mechanisms.
(b). Twenty institutions, 10 public and 10 private, will be given this status with the aim to give them freedom to become world-class institutions. The 10 state-run institutions will have an additional benefit — provision of ₹10,000 crore over a period of 10 years, over and above the regular grants.
(c). The aim of the scheme is to help institutions break into the top 500 global rankings in 10 years, and then eventually break into the top 100 over time.

5. On September 3, Afghanistan bid tearful adieu to its much-loved American ‘grandmother’, Nancy Hatch Dupree. (b).     Born on October 3, 1926, Hatch spent her early years in the erstwhile kingdom of Travancore.                   (c). From the mid-1960s till her demise, she authored five books and scores of articles and pamphlets that she modestly described as guide books, on different aspects of Afghan art and culture with a focus on the Bamiyan Buddhas

6. Government is all set to give citizenship to over one lakh Chakma-Hajongs, Buddhists and Hindus who fled to India in the 1960s to escape religious persecution in the Chittagong Hill area of Bangladesh (undivided Pakistan then).
(b). Home Minister Rajnath Singh will chair a meeting on Wednesday where a final decision to grant citizenship to the Chakma-Hajongs will be taken.                              
(c). They would be free to buy land anywhere else in India but not in Arunachal Pradesh. They could continue to live in the transit camps where they have been housed since 1964-65,” the official said.

7. British MPs on Tuesday voted in favour of a Bill to end the U.K.’s membership to the European Union, a reprieve for Prime Minister Theresa May who hailed the “historic decision.”
(b). Lawmakers voted by 326 to 290 in favour of backing the EU Withdrawal Bill, which will now go forward for further scrutiny by MPs.
(c). The Bill is aimed at overturning the 1972 European Communities Act, which took the U.K. into the then European Economic Community. It will convert all existing EU laws into U.K. law to ensure there are no gaps in legislation on Brexit day, scheduled for March, 2019.

8. The U.N. Security Council has approved new sanctions on North Korea but not the toughest-ever measures sought by the U.S. Trump administration to ban all oil imports and freeze global assets of the government and its leader, Kim Jong Un

9. Retail inflation accelerated to a five-month high of 3.36% in August, spurred by sharper increases in the prices of food items particularly vegetables and fruits.

10. Indian banks will need about $65 billion additional capital to meet the new Basel-III norms that will be fully implemented by end March 2019, rating agency Fitch said on Tuesday.

11. The Union Cabinet on Tuesday approved hiving off the mobile towers of state-run telecom firm Bharat Sanchar Nigam Limited (BSNL) into a separate company.

There are 4,42,000 mobile towers in the country of which BSNL owns about 66,000.

12. Bandhan Bank has appointed Goldman Sachs Group Inc., JP Morgan Chase & Co., Axis Bank, JM Financial and Kotak Mahindra Bank as lead managers to manage its proposed initial public offering (IPO).

13. Dassault Systemes, the French maker of computer-assisted design programmes, will establish a data centre in India by 2018 to expand its cloud services, Olivier Ribet, vice-president of the company said in an interview on Tuesday.

14. Bengaluru-based technology services and digital transformation company Mindtree, on Tuesday, inaugurated its first international Digital Pumpkin innovation hub located at its Warren, New Jersey office.

15. Khushroo Dhunjibhoy was elected the chairman of Royal Western India Turf Club (RWITC) by the members of the managing committee at the 102nd Annual General Meeting (AGM) held on Monday (Sept. 11

16. This year’s Balzan Prizes, are given to : 
a). Two U.S. scientists whose work has contributed to creating immunological treatments.
b).  Economist Bina Agarwal, a professor at the University of Manchester, who was recognised in the gender studies category for her “heroic” work studying women’s contributions to agriculture in India.
c). James Allison of the University of Texas MD Anderson Cancer Center and Robert Schreiber of the Washington University School of Medicine were cited for their work on antibody treatments that has increased the survival of patients with metastatic melanoma.                     
d). Belgian astrophysicist Michael Gillon for his work that has helped map new solar systems from the comfort of planet Earth, using robotic telescopes instead of much more costly satellites.              
e).  Germans Aleida and Jan Assmann, a married couple recognised for their work presenting collective memory “as a requirement for the formation of the identity of religious and political communities”, will also be awarded.                                          
f). The Balzan Foundation awards two prizes in the sciences and two in the humanities each year, rotating specialities to highlight new or emerging areas of research and sustain fields that might be overlooked elsewhere.

g) Recipients receive 750,000 Swiss francs (₹5 crore), half of which must be used for research, preferably by young scholars or scientists.

Th) his year, the Balzan Foundation also awarded a fifth prize, in international relations, which was deferred from last year after the committee failed to reach agreement on a winner. It went to Robert O. Keohane of the Woodrow Wilson School at Princeton University, best known for his influential 1984 book After Hegemony: Cooperation and Discord in the World Political Economy.

Prizes will be awarded in Bern, Switzerland, on November 17.

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