1 September 2015 daily current affairs / Gk updates: SBI and ICICI banks are Domestic Systemically Important Banks : RBI
- RBI on 31 August 2015 declared State Bank of India (SBI) and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in line with the D-SIB Framework released by the RBI on 22 July 2014.
- These banks have been identified as D-SIBs based on the methodology provided in the D-SIB Framework and data collected from banks as on 31 March 2015.
LC Goyal becomes new Chairman and Managing Director on India Trade Promotion Organisation(ITPO).
- He retired as secretary of Union Home Secretary prior to his appointment.
Mt McKinley, highest mountain of North America renamed as Denali on 28th Aug 2015.
- The decision in this regard was taken by US President Barack Obama.
- This designation will now recognize the sacred status of Denali to generations of Alaska Natives.
- The mountain, which sits in the 6 million-acre Denali national park, has been known as Denali in Alaska since 1975.
- Now officially, the Denali name will come in use by all and it will also take effect for all federal usage and on all official maps.
Union Govt released Rs 2000 crore for EPF.
- Union Government has released 2,000 crore rupees to Employees’ Pension Scheme (EPS), 1995 as its contribution for the year 2015-16.
- The contribution is additional to the 250 crore rupees contributed by the government as grant-in-aid in the EPS in order to provide minimum pension of 1,000 rupees to pensioners under the scheme.
Islamic State(IS) militant group damaged ancient Temple of Bel in Syria’s Palmyra.
- The temple was one of the best preserved parts of the historical sites of Palmyra and was dedicated to the Palmyrene gods.
- Earlier IS militant group had destroyed the ancient Temple of Baalshamin in same region of Palmyra in August 2015.
Central Statistical Office (CSO) releases GDP estimates for april-june quarter of 2015-16.
- India remained the fastest growing major economy of the world for a second straight quarter.
- India had overtaken China as the world’s fastest growing major economy in the January-March quarter, growing 7.5 per cent against China’s 7 per cent.
Important points of CSO Estimates :
- GDP at constant (2011-12) prices in Q1 of 2015-16 is estimated at 27.13 lakh crore rupees as against 25.35 lakh crore rupees in Q1 of 2014-15, showing a growth rate of 7.0 percent. In terms of GVA it is 7.1 percent.
- The economic activities which registered growth of over 7 percent in Q1 of 2015-16 over Q1 of 2014-15 are manufacturing, trade, hotels and transport & communication and services related to broadcasting and financial, insurance, real estate and professional services.
- Growth in other areas: agriculture, forestry and fishing (1.9), mining and quarrying (4.0), electricity, gas, water supply & other utility services (3.2), construction and public administration, defence (6.9) and other services (2.7).
- Gross Capital Formation (GCF) rate, a barometer for investments, continued to decline. It was down to 27.8 per cent from 29.2 per cent in April–June 2014.
India Origin Tejinder Pal Singh named as Austrailian of the day by Commonwealth Bank.
- He was named as for feeding the homeless in Darwin for the past three years.
- He dedicated the last Sunday of every month to feed the poor and homeless in northern Darwin after his night shift as a cabbie.
- He cooked around 30 kg of Indian food to feed the homeless.
