Current Affairs for BANK, IBPS Exams - 18 September 2021

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 18 September 2021


MyGov India launches Planetarium Innovation Challenge

  • MyGov India, under the Ministry of Electronics and Information Technology (MeitY), has launched the Planetarium Innovation Challenge for Indian start-ups and tech entrepreneurs last week.
  • The challenge aims to bring together the tech firms and Start-ups (based out of India) with the potential to build an indigenous planetariums system software using latest technologies including Augmented Reality (A.R.), Virtual Reality (V.R.) and Merged Reality (M.R.).
  • Inspired by the Chandrayaanlaunches,Indian Space Research Organization conducted the ISRO Quiz competition 2019 in collaboration with MyGovwhereseveral schools, parents and enthusiastic mentors made it memorable through their active participation.
  • Prime Minister ShriNarendraModi was accompanied by the Quiz winners from across the country to watch Chandrayaan 2 lunar landing live from the ISRO control room. ‘We will succeed, no one can stop India’, said PM to ISRO scientists, inspiring space enthusiasts all across the nation.
  • Looking forward to a repeat of the ISRO Quiz, Planetarium Innovation Challenge was launched by MyGovIndiaon 11th September 2021. Registration is open till 10th October 2021 .
  • The challenge invites applications from start-ups and tech entrepreneurs to develop state-of-the-art technology for our Planetariums. There is an opportunity forPlanetariums in India to deploynew technologies (Augmented Reality, Virtual Reality and Merged Reality), especially for smaller cities and rural areas, all Made in India.

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Hungary: Statue of bitcoin founder Satoshi Nakamoto unveiled in capital Budapest

  • A group of crypto enthusiasts in Hungary built a bronze bust of the anonymous creator of bitcoin — but had to pay the sculptors in regular currency.
  • The statue, dedicated to the mysterious founder of bitcoin known by the pseudonym Satoshi Nakamoto, was unveiled in Budapest, the capital of Hungary.
  • “We think of Satoshi as the founding father of the whole cryptocurrency industry,” said AndrasGyorfi, editor of KriptoAkademia and the initiator of the statue project in Budapest. “He created bitcoin, he created the blockchain technology, he’s the god of our market.”
  • The concept of bitcoin was first floated in a white paper written by an anonymous figure under the pen name Satoshi Nakamoto in 2008.
  • The paper outlined the underlying technology of how bitcoin would work, and the currency launched in 2009, but it remains unclear whoNakamoto is and whether it’s even an individual or a group of people.
  • The statue of the anonymous figure, erected in Graphisoft Park near the Danube River, includes a featureless, reflective face so that viewers can see themselves when viewing it.
  • “We are all Satoshi,” Gyorfideclared  at an unveiling event before pulling a cover off the statue.
  • The face is wrapped in a bronze hoodie with the popularized bitcoin logo on the chest.
  • Gyorfi said it’s the first statue in the world to pay homage to the anonymous creator.
  • He added that the organizers of the project invited Nakamoto to the unveiling event, but no one in the crowd of several hundred came forward to stake a claim as the founder of the largest cryptocurrency in the world.


Indian Railways launched “Rail KaushalVikasYojana”

  • Indian Railways on Friday (September 17) launched Rail KaushalVikasYojana (RKVY) to impart skill training to youth in remote areas. Under this scheme, the ministry will also set up mobile skill training units to improve reach in remote areas, said Railways Minister AshwiniVaishnaw.
  • The Union Minister told ANI, "Indian Railways has launched KaushalVikasYojana. Under this scheme, 50,000 children will receive skill training in remote areas. We will also be setting up mobile skill training units to improve our reach in remote areas."
  • The move is to empower youth by providing them entry-level training in industry-relevant skills through railway training institutes as part of `AzadikaAmritMahotsav` commemorating 75 years of independence, according to Railways Minister AshwiniVaishnaw.
  • Under the aegis of PradhanMantriKaushalVikasYojana (PMKVY), the RKVY was launched today in Rail Bhavan.
  • Vaishnaw said, "The vision of skill development is an integral part of the vision of prime minister and 50,000 youths will be trained under RKVY. The aim of this initiative is to impart training skills to the youth in various trades to bring qualitative improvement."

::Science and tech::

ISRO to develop reusable GSLV Mk-III launch vehicle

  • GSLV MkIII, chosen to launch Chandrayaan-2 spacecraft, is a three-stage heavy lift launch vehicle developed by ISRO. The vehicle has two solid strap-ons, a core liquid booster and a cryogenic upper stage.
  • GSLV Mk III is designed to carry 4 ton class of satellites into Geosynchronous Transfer Orbit (GTO) or about 10 tons to Low Earth Orbit (LEO), which is about twice the capability of the GSLV Mk II.
  • The two strap-on motors of GSLV Mk III are located on either side of its core liquid booster. Designated as ‘S200’, each carries 205 tons of composite solid propellant and their ignition results in vehicle lift-off. S200s function for 140 seconds. During strap-ons functioning phase, the two clustered Vikas liquid Engines of L110 liquid core booster will ignite 114 sec after lift -off to further augment the thrust of the vehicle. These two engines continue to function after the separation of the strap-ons at about 140 seconds after lift -off.
  • The first experimental flight of LVM3, the LVM3-X/CARE mission lifted off from Sriharikota on December 18, 2014 and successfully tested the atmospheric phase of flight. Crew module Atmospheric Reentry Experiment was also carried out in this flight. The module reentered, deployed its parachutes as planned and splashed down in the Bay of Bengal.
  • The first developmental flight of GSLV Mk III, the GSLV-Mk III-D1 successfully placed GSAT-19 satellite to a Geosynchronous Transfer Orbit (GTO) on June 05, 2017 from SDSC SHAR, Sriharikota.
  • GSLV MkIII-D2, the second developmental flight of GSLV MkIII successfully launched GSAT-29, a high throughput communication satellite on November 14, 2018 from SatishDhawan Space Centre SHAR, Sriharikota
  • GSLV MkIII-M1, successfully injected Chandrayaan-2, India’s second Lunar Mission, in to Earth Parking Orbit on July 22, 2019 from SatishDhawan Space Centre SHAR, Sriharikota


Germany, Portugal attack plans for 2-year soccer World Cup cycle

  • The German and Portuguese soccer federations issued strong critiques of plans to hold the men's World Cup every two years, warning it means players risk more injuries and that women's competitions will be overshadowed.
  • FIFA claimed Thursday it has the support of fans for the World Cup to be held more often. European soccer body UEFA and South American counterpart CONMEBOL are against the idea and have said they could boycott extra tournaments.
  • The board of the German federation, known as the DFB, said FIFA had sidestepped its own ruling council by proposing the plans first to a group of former players, and that drastic changes “cannot be made without the approval of European associations and European soccer.”

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