Current Affairs: Top Headlines for September 2, 2013
Hyderabad Hotshots clinch IBL
‘Hyderabad Hotshots’ defeated Awadhe Warriors in the final of the $1 million inaugural Vodafone-Indian Badminton League (IBL) played in Mumbai. The event witnessed six teams namely Banga Beats, Hyderabad Hotshots, Delhi Smashers, Mumbai Masters, Pune Pistons and Awadhe Warriors competing against each other to reach the top spot.
To save forex India plans crude import from Iran
To tackle widening Current account Deficit (CAD) and continuous depreciation of rupee India plans to exercise the option of importing crude oil from Iran. The move would India’s save $8.5 billion in foreign exchange as pays Tehran in rupee unlike other oil exporting countries. India spent $144.29 billion for oil imports in the last fiscal.
Korea beat India to conquer Asia Cup
India lost to Korea in the final of Asia Cup hockey tournament. Korea won the match 4-3 which brought them fourth triumph in the competition.
- Final Positions of Teams: 1. Korea, 2. India, 3. Pakistan, 4. Malaysia, 5. Japan, 6. Oman, 7.Bangladesh, 8. Chinese Taipei.
- Player of the tournament: V.R. Raghunath (India)
Lungs of Indians functions 30% lower than Europeans: Study
It has been found in a study that Indians have 30% lower lung function as compared to Europeans. The study conducted the Peak Expiratory Flow Rate (PEFR) measurement of 10,000 healthy, non-smoking individuals in Jaipur, Pune, Hyderabad, Kolkata and Kashmir and found that lung function in Indians was 30% lower than Europeans. PEFR is the rate at which a person exhales and it is measured to assess lung function. This puts Indians at more risk from air pollution and smoking.
Indian capital markets witness $2.5 billion FIIs pull out
Foreign investors pulled out nearly Rs 16,000 crore (around $2.5 billion) from the Indian capital markets in August 2013 amid fears over the falling rupee. As per experts, although there has been a continous pull out of FIIs from Indian market due to India’s economic challenges, depreciating rupee and volatile global markets, the outflows have slowed. The volume of outflows marked the lowest net outflows from the Indian capital markets since June, when FIIs had pulled out a record Rs 44,162 crore ($7.5 billion).
ICC T20 rankings: India No. 3, Sri Lanka tops list
With 121 rating, India have retained their rank three position among T20 teams. Sri Lanka tops the chart which is followed by Pakistan. The Indian batsmen listed in top-20 list also managed to retain their respective spots with star batsman Kohli at 6th place while Suresh Raina remained at 8th position.
Food Security programme begins in Delhi
Food Security programme has been started in National capital Delhi. The programme which involves distribution of foodgrains under the highly subsidized prices has begun at four places in the national capital. Under the programme, identified beneficiaries will be entitled to food grains at Rs 3 per kg for rice, Rs 2 per kg for wheat and Rs 1 per kg for coarse cereals. Delhi government has so far identified 35 lakh beneficiaries and is likely to expand it further to 73 lakh people by January 2014.
Arab League calls for deterrent measures against Syria
The Arab League has exhorted the United Nations and the global community to take deterrent and necessary action against the Syrian government under Bashar al Assad for the use of chemical weapons while oppression of the rebellion there. However, Sunni Islam’s highest seat of learning, Cairo ‘s Al Azhar has expressed opposition to any US military intervention on Syria, saying this would lead to an aggression against the Arab and Islamic nation.
Health Ministry launches health schemes in Assam
Ministry of Health and Family Welfare launched in Assam various new health scheme mainly focused on improving the maternal and infant mortality rates in the state. Among the scheme launched were Mother and Child Tracking System (MCTS), Rashtriya Bal Swasthya Karyakram (RBSK), national Iron Plus initiative, National Health Mission’s Free Drug Service, tele-radiology service and hospital-to-hospital 102 ambulance services.
Factory activity of India contracts for first time since March 2009
It is for the first time in the last 4 years that Indian factory activity has registered a shrink aggravating the concerns for the country’s deepening economic woes even as the Reserve Bank of India (RBI) battles to defend the rupee currency. It came into notice from the Purchasing Managers’ Index (PMI) data that showed Indian economy grew at its slowest quarterly rate in the three months to June since the global financial crisis.
Categories: Business, Economy & Banking