Current Affairs Sep 09, 2015

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1. Indian railways to invest $140 bn, Japan to modernize stations: Japan has agreed to modernize railway stations across the country while participating in Indian Railways’ $140 billion INVESTMENT over the next five years. A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter has identified 400 stations to be upgraded in private INVESTMENT, an official release said here today.

02. Global Investors’ Meet inaugurated at Chennai: The two day Global Investors Meet opened in Chennai to woo the captains of Indian industry . It aims to attract investments of atleast Rs 1 lakh crore and create 150,000 jobs in the next three years. During the 2-day summit the state government expects to sign about 100 agreements.

03. Govt. approves Rs 800 cr capital infusion in EXIM Bank: The Union Cabinet has approved capital infusion amounting to Rs 800 crore in the Export Import Bank of India (EXIM) in an effort to better promote the country’s international trade.

04. Cabinet approves spectrum trading guidelines: Spectrum trading has been permitted in all bands and this decision is aimed to boost availability of frequencies to cellular companies to improve connectivity and address the issue of call drops that has even had the Prime Minister concerned.

05. “Sakhi” launched to help women: To help women in distress, the state government of Haryana launched “Sakhi” a One Stop Crisis Centre (OSCC) at Karnal district. The centre will provide help and assistance to rape survivors and victims of dowry harassment, domestic violence and other atrocities on women, all under one roof.

06. Govt. not averse to merger of weak PSU banks with stronger lenders: After initiating several measures to strengthen public sector banks, the government said there was no reason to panic over the state of the banking sector and indicated that it would look at consolidating the "fragile" entities with the stronger ones if the situation demands.

07. Education loans interest waiver: Banks’ claim 1,607 crore from Centre:Banks have till date claimed 1,607 crore from the central government under the interest waiver scheme announced for certain education loans relating to 3, 10,434 students.