Daily Current Affairs 3rd September 2019 For All Government Examinations

Daily Current Affairs 3rd September 2019 For All Government Examinations
Daily Current Affairs 3rd September 2019 For All Government Examinations

Daily Current Affairs 3rd September 2019 For All Government Examinations

Daily Current Affairs 3rd September 2019: EducationBro Provide Daily Base Current Affairs. This Most Important Daily Current Affairs Help You to Appear IBPS Banking SBI PO Clerical RRB SBI PO SSC CGL CHSL Railway and Other All Competitive Examinations.

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India to contribute USD 22 mn to Global Fund for AIDS, TB, Malaria

India has announced a contribution of USD 22 million to the Global Fund for AIDS, Tuberculosis and Malaria (GFTAM) for 2020-22as part of its commitment towards eliminating these diseases, an increase of 10% over the amount contributed by us in the 5th cycle, Dr Harsh Vardhan, Union Minister for Health and Family Welfare said.

Under the visionary and dynamic leadership of the Prime Minister Narendra Modi, India has announced a contribution of 22 million US Dollars to the Global Fund for AIDS, TB and Malaria (GFTAM) for the 6th replenishment cycle (2020-22), an increase of 10% over the amount contributed by us in the 5th cycle.

Dr Harsh Vardhan highlighted that India was the first implementing country to host a replenishment milestone of the Global Fund and now has become first among G20, BRICS and implementer countries to announce the pledge for the 6th Replenishment Conference, setting precedent for other donors to contribute generously for the cause.

Partnership between India and Global Fund

India shares a sustained partnership with the Global Fund since 2002 both as recipient and as a donor. Global Fund support with investment of US $ 2.0 billion so far has made significant contribution in attaining targets related to HIV/AIDS, TB and Malaria reduction and escalating our fight against these three diseases. In the current funding cycle (2018-21), the Global Fund has allocated US$ 500 million to India. As a donor, India has contributed US$ 46.5 million so far till 2019 including US$ 20 million for the 5th Replenishment........Read More


Indian Air Force: Induction of Eight AH-64E Apache Attack Helicopter

The IAF formally inducted the AH-64E Apache Attack Helicopter into its inventory at Air Force Station Pathankot. Air Chief Marshal BS Dhanoa PVSM AVSM YSM VM ADC, Chairman Chiefs of Staff Committee and Chief of the Air Staff was the Chief guest at the event.

IAF has signed a contract with ‘The Boeing Company’ and US Government for 22 Apache Attack Helicopters. The first eight helicopters have been delivered on schedule and the last batch of helicopters is to be delivered by March 2020. These helicopters will be deployed in the Western regions of India.

The helicopter is capable of delivering a variety of weapons which include air to ground Hellfire missiles, 70 mm Hydra rockets and air to air Stinger missiles. Apache also carries one 30 mm chain gun with 1200 rounds as part of area weapon sub system. To add to the lethality of the helicopter, it carries fire control radar, which has a 360° coverage and nose mounted sensor suite for target acquisition and night vision systems.........Read More


Cabinet approves Infusion of capital by Government in IDBI Bank


It will help in completing the process of IDBI Bank’s turnaround and enable it to return to profitability and normal lending, and giving Government the option of recovering its investment at an opportune time.

IDBI Bank needs a one time infusion of capital to complete the exercise of dealing with its legacy book. It has already substantially cleaned up, reducing net NPA from peak of 18.8% in June 2018 to 8% in June 2019. The capital for this has to come from its shareholders. LIC is at 51% and is not allowed to go higher by the insurance regulator. Of the Rs. 9,300 crore needed, LIC would meet 51% (Rs. 4,743 crore). Remaining 49%, amounting to Rs. 4,557 crore, is proposed from Government as its share on a one time basis.

After this infusion, IDBI Bank expects to be able to subsequently raise further capital on its own and expects to come out of RBI’s Prompt Corrective Action (PCA) framework sometime next year. This cash neutral infusion will be through recap bonds i.e. Government infusing capital into the bank and the bank buying the recap bond from the Government the same day, with no impact on liquidity or current year’s Budget........Read More


INDO-US joint military exercise Yudh Abhyas 2019 to be held in Washington, USA

As part of the ongoing Indo-US defence cooperation, a joint military training, Exercise Yudh Abhyas - 2019 is being conducted at Joint Base Lewis Mc Chord, Washington, USA from 05-18 September 2019.

Exercise Yudh Abhyas is one of the largest joint running military training and defence corporation endeavors between India and USA.

This will be the 15th edition of the joint exercise hosted alternately between the two countries.

Exercise Yudh Abhyas will provide an opportunity to the armed forces of both countries to train in an integrated manner at Battalion level with joint planning at Brigade level.

Multiple scenarios will be rehearsed during the joint exercise with a view to understand each other's organisational structure and battle procedures which would result in a higher degree of jointmanship that would further facilitate interoperability between the armed forces of both countries to meet any unforeseen contingency across the globe.


The exercise is also an ideal platform to learn from each other's expertise and experiences of planning and execution of operations.

The exercise is also an ideal platform to learn from each other's expertise and experiences of planning and execution of operations.

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