DAILY CURRENT AFFAIRS: AUGUST 10, 2018

Daily Current Affairs (August 10, 2018) like many other sections is inevitable and this also helps to score in the Banking awareness , Static GK and Financial Awareness sections. Remember, Banking Awareness and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

NATIONAL

Project ‘SWAYAM’ Launched By HRD Ministry

The Ministry of HRD has embarked on a major and new initiative Project called ‘Study Webs of Active Learning for Young Aspiring Minds’ (SWAYAM). It will provide one integrated platform and portal for online courses.

This covers all higher education subjects and skill sector courses. The objective is to ensure that the every student in our country has access to the best quality higher education at the affordable cost.

It is intended to host about 2000 courses and 80000 hours of learning material, within two years: covering school, under-graduate, post-graduate, engineering, law and other professional courses.

Union HRD Minister : Prakash Javadekar

Madhya Pradesh government observes Adivasi Diwas

The Madhya Pradesh government is observed Adivasi Diwas on 9 August.

The State government would facilitate achievers from the tribal community and distribute certificates to beneficiaries of various welfare schemes. The Govt also felicitate meritorious tribal students.

Furthermore,the MP government also plans to hold cultural events in all 89 tribal-dominated blocks.

Madhya Pradesh

Capitals: Bhopal, Jabalpur

Chief minister: Shivraj Singh Chouhan

Governor: Anandiben Patel

BANKING AND ECONOMY

HSBC Launched Online Platform ‘MyDeal’

The HSBC has launched a new digital platform to simplify capital raising process through capital markets by providing real-time access to information such as investors’ feedback, profiles, client orders and deal pricing.

The platform—MyDeal, contains all the information relating to a client’s capital markets transaction, and is updated on real time basis.

MyDeal has raised over $25 billion in the first seven months through over 30 transactions globally.

HSBC plans to release the app through the online store for clients to use directly later this year.

HSBC

Headquarters: London, United Kingdom

CEO: António Simões

RBI To Pay Rs 50,000 crore Dividend To Government for FY18

The RBI has decided to pay Rs 50,000 crore as dividend to government in line with the Union Budget provisions, helping the Centre stick to its fiscal roadmap.

The Reserve Bank, which follows July-June financial year, has paid about 63 per cent higher dividend than previous year (2016-17).

The RBI made a dividend payout of Rs 30,659 crore for the fiscal ended June 2017.

IMF forecasts India’s GDP to grow at 7.3% in current fiscal

According to International Monetary Fund, India’s gross domestic product (GDP) is poised to grow by 7.3% in the 2018-19 fiscal and 7.5% in 2019-2020 on strengthening of investment and robust private consumption.

The IMF announced that, the near-term macroeconomic outlook for India is broadly favourable.

The headline inflation is projected to rise to 5.2 percent in the fiscal year 2018-19, as demand conditions tighten, along with the recent depreciation of the rupee and higher oil prices, housing rent allowances and agricultural minimum support prices.

Headquarters: Washington, D.C., United States

CEO: Christine Lagarde

Membership: 189 countries

PayPal enters into pact with HDFC Bank

The Global technology platform and digital payments leader, PayPal, and HDFC Bank, the largest credit card issuer in India, have entered into a partnership

It aims for safer, faster and more convenient payment experience for HDFC Bank cardholders and help drive incremental digital spend.

HDFC Bank has more than 35 million credit and debit cards issued in India, while PayPal is available across over 200 markets globally with a network of 19 million merchants.

Managing Director, PayPal India: Anupam Pahuja

MOPAD: SBI launches unified payment terminal

The State Bank of India (SBI) has launched the Multi-Option Payment Acceptance Device or MOPAD, a unified payment option that accepts multiple payment methods.

Under this, customers will be able to pay through credit or debit cards, Bharat QR, Unified Payments Interface (UPI) and SBI Buddy (e-wallet) at a Point of Sale (PoS) terminal.

This initiative aims at providing digital convenience to customers and ease of doing business for merchants at the same time. A charge-slip as a proof of payment will be available for customers who pay through MOPAD.

APPOINTMENTS

Government extends TRAI chief RS Sharma’s tenure

The government has extended the term of RS Sharma, the high-profile chairman of the Telecom Regulatory Authority of India (Trai), by another two years, a day before he was due to demit office.

This is the first time that aTrai chairman has been given a second term since the inception of the authority in 1997.

He was in July 2015 named as the TRAI chief for a three-year period. He is a 1978-batch (retired) IAS officer of Jharkhand cadre. Sharma has also worked as the Director General and Mission Director in the UIDAI.

Government appoints S Gurumurthy on RBI board

The government has appointed Chartered Accountant Swaminathan Gurumurthy, who is associated with the Rashtriya Swayamsevak Sangh affiliate Swadeshi Jagran Manch, on the board of the Reserve Bank of India.

The Appointments Committee of the Cabinet has approved his appointment as non-official director on the central board of the RBI for a period of four years.He is also the editor of Tamil magazine Thuglak.

The government has also appointed businessman Satish Kashinath Marathe as another non-official director on the RBI board for four years.

Michelle Bachelet appointed as next UN Human Rights Chief

The UN Secretary-General Antonio Guterres has chosen former Chilean President Michelle Bachelet to be the world body’s new human rights chief.

Bachelet’s appointment will also needs to be approved by the 193-member UN General Assembly.

she would replace Jordan’s Zeid Ra’ad al-Hussein, who is stepping down at the end of the month after one four-year term.

UN Human Rights Council

Headquarters: Geneva, Switzerland

RANKING

Global Innovation Index, GII- 2018 Launched In India

The Global Innovation Index 2018 was launched in New Delhi by Ratan P Watal, Principal Adviser, NITI Aayog & Member Secretary of the Economic Advisory Council. The top three countries are Switzerland, Netherlands, Sweden.

India’s rank on the Global Innovation Index (GII) has improved from 60 in 2017 to 57 in 2018 among 130 countries. India has been consistently climbing the GII ranking for the past two years. The index was based on the theme– ‘Energizing the World with Innovation’.

It was 11th edition of GII and was jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO).

SPORTS

Neeraj Chopra India’s Flag Bearer At Asian Games 2018 Opening Ceremony

The Javelin thrower star Neeraj Chopra will be India’s flag bearer in the opening ceremony of the upcoming Asian Games 2018. The Games will be held from August 18 to September 2 in the Indonesian cities of Jakarta and Palembang.

The 20-year-old Neeraj is the reigning Commonwealth Games champion and won a gold in the Savo Games in Finland last month.

Neeraj had won the gold medal in the Asian Athletic championships in 2017 with a throw of 85.23 meters. He had also bagged a gold in the 2016 IAAF World U-20 Championships in Bydgoszcz, Poland. named the Indian contingent’s flag-bearer for the Asian Games opening ceremony to be held on August 18 in Jakarta.

IMPORTANT DAYS

World Biofuel Day – 10 August

The World Biofuel Day is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the Government in the biofuel sector.

The World Biofuel Day is being observed by the Ministry of Petroleum & Natural Gas.

On the occasion, Sh Narendra Modi unveiled a Booklet on “National Policy on Biofuels 2018”, and launched “Pro Active and Responsive facilitation by Interactive and Virtuous Environmental Single window Hub”[PARIVESH].

International Day of The World’s Indigenous Peoples: 9 August

The International Day of the World’s Indigenous People’s is observed on 9 August each year to promote and protect the rights of the world’s indigenous population.

2018 Theme: Indigenous peoples’ migration and movement

DAILY CURRENT AFFAIRS: AUGUST 10, 2018

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DAILY CURRENT AFFAIRS: AUGUST 10, 2018

NATIONAL

Project ‘SWAYAM’ Launched By HRD Ministry

Madhya Pradesh government observes Adivasi Diwas