Current Affairs 15th September 2021

1. News: T+1 settlement system

Source: The Hindu

Securities and Exchange Board of India (SEBI) has offered T+1 settlement system for stock Market exchanges. If the stock exchange agrees to the proposal, investors will get money for shares they sold or bought in their accounts faster, and in a safer and risk-free environment.

  • Stocks and mutual funds are usually T+1 and bonds and money market funds vary among T+1, T+2, and T+3.
  • T+1 (T+2, T+3) are abbreviations that refer to the settlement date of security transactions.The “T” stands for transaction date.
  • The numbers 1, 2, or 3 denote how many days after the transaction date the settlement—or the transfer of money and security ownership—takes place.

2. News: 100% first dose vaccination in Goa

Source: The Hindu

  • Goa has become the second state in India to complete 100% covid vaccination of the first dose for all its eligible residents.
  • Himachal Pradesh was the first state to achieve this feat.

3. News: Climate Action and Finance Mobilization Dialogue (CAFMD)

Source: Indian Express

This was one of the main tracks of the U.S.-India Agenda 2030 Partnership that President Joe Biden and Prime Minister Narendra Modi announced at the Leaders Summit on Climate in April 2021.

  • CAFMD would have three pillars:

Climate Action Pillar: which would have joint proposals looking at ways in emissions could be reduced in the next decade.

Setting out a Roadmap: to achieving the 450GW in transportation, buildings and industry.

Finance Pillar: would involve collaborating on attracting finance to deploy 450 GW of renewable energy and demonstrate at scale clean energy technologies.

  • The US will collaborate with India to work towards installing 450 GW of renewable energy by 2030.

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