1) LIC launches group insurance scheme for CDSL demat account holders

Life Insurance Corporation of India has signed an agreement with Central Depository Services (India) to provide group insurance coverage to all eligible demat account holders serviced through depository participants associated with it.
  •  The facility will be available to demat account holders between the age of 18 years and 59 years.
  • CDSL serves more than 15.85 million demat accounts, which is 48 per cent of the industry 

2) IPPB ties up with FSS

India Post Payments Bank has tied up with Financial Software and Systems (FSS), a leading payments technology and transaction processing systems, to offer a wide range of banking solutions to financially underserved customer segments—especially rural households, small and medium enterprises and women.
  • FSS will help India Post to provide affordable, quality banking and payment services to its customers
  • It comprises of a comprehensive set of solutions to bring customers and merchants into the digital payments mainstream, generating critical network effects for furthering adoption and usage

3) Successful Air-to-Air Refuelling of LCA Tejas

In a significant achievement and a major step towards Final Operational Clearance (FOC) of LCA Tejas, the mid-air refuelling of ‘wet contact’ trial for LCA Tejas MK-1 was successfully carried out from an Indian Air Force base.

  • Before this ‘wet contact’ trial, the ‘dry contact trials’ were successfully conducted on September 04 & 06, 2018 where the Drogue (basket) extended from the IAF tanker aircraft by a fuel hose, was tracked and plugged into using the aircraft refuelling probe without taking fuel.
  • IAF provided all required support to DRDO including the tanker aircraft for the successful test flight.

4) PM Modi, Bangladesh PM Sheikh Hasina, jointly dedicate three projects in Bangladesh

Prime Minister Shri Narendra Modi, the Prime Minister of Bangladesh, Sheikh Hasina, Chief Minister of West Bengal - Ms. Mamata Banerjee, and the Chief Minister of Tripura - Shri Biplab Kumar Deb, jointly inaugurated three projects in Bangladesh, via video conference.

  • External Affairs Minister of India, Ms. Sushma Swaraj, and the Foreign Minister of Bangladesh, also joined the video conference from Delhi and Dhaka respectively.
  •  These include: (a) 500 MW additional power supply from India to Bangladesh, through the existing Bheramara (Bangladesh) - Baharampur (India) interconnection. (b) Akhaura – Agartala Rail Link (c) Rehabilitation of the Kulaura-Shahbazpur section of Bangladesh Railways.

5) India launches new digital bridge with Africa

As part of India's reachout to Africa, the External Affairs Ministry signed an agreement with the Telecommunications Consultants India Ltd. (TCIL) to establish a pan-African e-network between the two nations

  • This project, called the e-VidyaBharati and e-ArogyaBharati Network Project, will serve as a digital bridge between the two countries, External Affairs Minister Sushma Swaraj said.
  • She said that the the Project "is a clear effort by India to reach out to Africa in the critical areas of education and health

6) Arogya Yojana to also help counter childhood cancer

A member of the Niti Aayog, Dr Vinod Kumar Paul said that the treatment of childhood cancer will be covered under the Pradhan Mantri Jan Arogya Yojana.

  • Dr Paul was speaking at the 10th Annual National Childhood Cancer Excellence Awards Programme in the national capital.
  • According to him, this scheme will provide health insurance cover of Rs 5 lakh to poor families.

7) Opening Ceremony: BIMSTEC Field Training Military Exercise

The Inaugural Military Field Training Exercise for the Bay of Bengal Initiative for Multi Sectoral Technological and Economic Cooperation nations named MILEX-18 scheduled from 10 September 18 to 16 September 18 started with a Grand Opening Ceremony on 10 September 18 at Aundh Military Station.

  • Contingents of the member nations came together for the Opening Ceremony.
  •  The aim of the forthcoming exercise is to practice the BIMSTEC Nations in planning and conduct of counter terrorist operations.

8) Opening ceremony: INDO-MONGOLIA joint exercise Nomadic Elephant-2018

Indo-Mongolia joint exercise Nomadic Elephant-2018, commenced at Mongolian Armed Forces (MAF) Five Hills Training Area, Ullanbaatar, Mongolia with a brief but impressive opening ceremony

  • The 12 days long joint exercise will be conducted from 10 Sep to 21 Sep 2018.
  •  Exercise Nomadic Elephant is an annual, bilateral exercise since 2006 which is designed to strengthen the partnership between Indian Army and Mongolian Armed Forces

DAILY SERIES ON CURRENT AFFAIRS CAPSULE 11/09/18 DAILY SERIES ON CURRENT AFFAIRS CAPSULE   11/09/18 Reviewed by Unknown on September 11, 2018 Rating: 5

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