Current Affairs International - 17 September 2015

1. TheUS Federal Reservehas kept interest rates unchanged today during monetary policy review meet amid concerns about a weak world economy. It has also kept the possibility of a rate hike later this year. Investors and Economists around the world were expecting a rate hike by the Fed this time after keeping the interest rate at record low level since financial crisis in 2008.

2. Nepal's parliament has approved a new constitution with full majority with effect from 20th September. It was passed by 507 votes in favor compared to 25 votes in against. It comes after years of political crisir, while Nepal was governed by an interim constitution after the monarchy was abolished in 2008.

3. Bangladesh Prime Minister Sheikh Hasina has been announced as one of the winners of the United Nations Champions of the Earth award in recognition of initiatives taken by Bangladesh to address climate change.

The award cites, among other initiatives, the progressive Bangladesh Climate Change Strategy and Action Plan of 2009, which made the South Asian nation the first developing country to frame such a coordinated action plan. Bangladesh is also the first country to set up its own Climate Change Trust Fund, supported by nearly USD 300 million of domestic resources from 2009-2012.

4. A 15-year-old Indian-American girl Swetha Prabakaran has been selected for the prestigious Champions of Change award by the White House for her efforts for empowering the community by imparting education of Internet coding through her non-profit Organisation. She is among eleven young women selected by the White House as Champions of Change.

5. City Hangzhou in China will host the 2022 Asian Games, as confirmed by the Olympic Council of Asia at its General Assembly in Ashgabat yesterday. The capital of China-s Zhejiang province, Hangzhou, was the sole bidder to stage the 19th edition of Asian Games. China hosted the Asian Games twice before, Beijing in 1990 and Guangzhou in 2010.