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12th September 2016 - Important Current Affairs updates

International Affairs
  • Today (12th September) is United Nations Day for South-South Cooperation.
  • China and Russia have started naval drills in the disputed South China Sea today. 
    • China claimed that the "routine" drills, which are expected to last eight days, are only aimed at strengthening cooperation. 
    • This comes amid tensions in the contested waters after a UN court ruled that China does not have "historic rights" over the region.
National Affairs
  • The government today approved the Human Resource Development Ministry's proposal to set up a Higher Education Financing Agency (HEFA) that will pro vide funds for research-oriented infrastructure in premier institutions like IITs and IIMs. 
    • HEFA is expected to raise up to ₹20,000 crore for funding world-class labs and mobilise CSR funds for promoting research in these institutions on a grant basis.
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12th September 2016 - Important Current Affairs updates

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