DAILY CURRENT AFFAIRS: AUGUST 24, 2018

Daily Current Affairs (August 24, 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

India Banking Conclave (IBC) 2018 held in New Delhi

The Centre for Economic Policy Research (CEPR) along with its knowledge partner and the government Think Tank, NITI Aayog are organizing two-day India Banking Conclave 2018 (IBC) in New Delhi.

The conclave is planned with the objective of making the banking sector more adaptable to face multiple future challenges in the coming years.

It will be addressed by Union Ministers such as Finance Minister, Arun Jaitley, Railways Minister Piyush Goyal and Civil Aviation Minister, Suresh Prabhu, apart from other important dignitaries such as BJP President, Amit Shah and Vice Chairman NITI Aayog, Rajiv Kumar.


Rajasthan opens country’s biggest techno-hub in Jaipur

The Chief Minister Vasundhara Raje has inaugurated the Bhamashah Techno Hub in Jhalana Industrial Area of Jaipur.

The biggest centre is equipped with the ultra-modern technology and it will help around 700 entrepreneurs to work under one roof and realise their dreams.

Digitisation in Rajasthan has been promoted aggressively to motivate entrepreneurs. Raje also inaugurated an online payment app, Bhamashah Wallet.


Panel for rollout of 5G services by 2020

A panel has been set up by the Department of Telecom to prepare a roadmap for rollout of 5G telephony in India expects the service to be operational by 2020.

The nine-member Steering Committee, headed by AJ Paulraj, recommended releasing additional spectrum for 5G services. It submitted its report to Telecom Secretary Aruna Sundararajan.

The report said 5G services would have a cumulative economic impact of over $1 trillion by 2035. While the US plans to deploy 5G services later this year, the India rollout may begin by 2020.


ICOMOS launches Kerala Heritage Rescue Initiative

The ICOMOS, a global monument conservation body, has launched an initiative to assess the damage to the rich cultural and built heritage in flood-devastated Kerala and set up an emergency response platform.

The International Council on Monuments and Sites (ICOMOS) is a prestigious non-government organisation dedicated to promoting the application of theory, methodology and scientific techniques for conservation of architectural and archaeological heritage across the world.

ICOMOS is also an advisory body to the UNESCO for cultural heritage, in particular for implementation of the World Heritage Convention.

The ICOMOS-India chief has also approached the International Centre for the Study of the Preservation and Restoration of Cultural Property (ICCROM) to partner in the post-disaster work.

The Rome-based ICCROM is an inter-governmental organisation dedicated to the preservation of cultural heritage worldwide.


BANKING AND ECONOMY

HAL Becomes 1st PSU To Transact On TReDS: RXIL

The Receivables Exchange of India (RXIL) has announced that Hindustan Aeronautics (HAL) has become the first public sector enterprise to make a transaction on the “TReDS platform”.

According to the NSE-SIDBI joint venture, TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of micro, small and medium enterprises (MSME) through multiple financiers.

RXIL is a TReDS platform operating since January 2017 and is promoted by the National Stock Exchange, Small Industries Development Bank of India, State Bank of India, ICICI Bank and Yes Bank.


NITI Aayog launches Thematic Reports on Sustainable Development in Indian Himalayan Region

NITI Aayog has released five thematic reports on Sustainable Development in Indian Himalayan Region.

It was released by NITI Aayog Vice Chairman Dr Rajiv Kumar, CEO Amitabh Kant and member Dr V K Saraswat in New Delhi.

Himalayan Tourism is growing annually at 6.8 percent has crated huge challenge related to solid waste, water, traffic, loss of bio-cultural diversity.


RIL becomes first Indian company to cross Rs 8 trillion in market cap

The Reliance Industries has became the first company to cross Rs 8 trillion in terms of market capitalisation (market-cap), becoming the country’s most valued firm.

The RIL’s market capitalisation (m-cap) stood at Rs 8.01 trillion. This record m-cap of RIL also bumped up Mukesh Ambani’s (India’s richest man) wealth to over $48 billion (according to Bloomberg Billionaires Index).

Market capitalization refers to when the total dollar market value of all of a company’s outstanding shares. Market capitalization is calculated by multiplying a company’s shares outstanding by the current market price of one share.


APPOINTMENTS

Scott Morrison to become Australia’s next Prime Minister

Australia’s Malcolm Turnbull has been ousted as prime minister after confusions for one week.

He will be replaced by Scott Morrison, one of the architects of Australia’s tough immigration policy, who is now the country’s sixth prime minister in just over a decade. Mr Morrison won a leadership contest against Peter Dutton.

The Minister for the Environment and Energy, Josh Frydenberg, was elected deputy leader.

Australia

Capital: Canberra

Currency: Dollar


Raveena Tandon as the brand ambassador of Sanjay Gandhi National Park

The Maharashtra government has appointed Bollywood actor Raveena Tandon as the brand ambassador of the city-based Sanjay Gandhi National Park (SGNP).

It was announced by Maharashtra Forest Minister Sudhir Mungantiwar.

As the brand ambassador, Tandon will help the state forest department to create awareness about its various initiatives, like the 50 crore tree plantation drive, eco-tourism in SGNP, conservation of leopards in SGNP, among others.


RANKING

Forbes’ List Of World’s Highest-Paid Actors 2018: George Clooney Tops

George Clooney has topped the annual list of the world’s highest-paid actors.

Clooney, 57, earned an estimated $239 million between June 2017-June 2018, marking the highest earnings of his 35-year career in film and television.

Dwayne ‘The Rock’ Johnson came in at No.2 with an estimated $124 million.

Iron Man star Robert Downey Jr. was third on the list, with an estimated $81 million, followed by Avengers: Infinity War actor Chris Hemsworth with $64.5 million.

Akshay Kumar ranks at number seven with earnings of 40.5 million dollars, while Salman, by earning 38.5 million dollars, has scored the ninth position.


SPORTS

Jhulan retires from T20Is

Jhulan Goswami retired from T20 International cricket.

Goswami played in 68 T20Is picking up 56 wickets which included a five-wicket haul against Australia in 2012.

Goswami is a veteran of 169 ODIs and 10 Tests and is the leading wicket-taker in 50-over cricket.

she had won the Arjuna Award, becoming the second woman cricketer to have won the award after Diana Edulji. In 2012, she won the Padma Shri.


Asian Games:

Indian rowing team wins gold

Indian rowing team wins gold in men’s quadruple sculls at Asian Games. Sawarn Singh, Dattu Bhoknal, Om Prakash and Sukhmeet Singh finish top of podium in quadruple scull. They crossed the finish line in first place with a time of 6:17.13. This was India’s first gold in rowing.

Indonesia bagged the silver medal with a time of 6:20.58 while Thailand took the bronze with a time of 6:22.41.


Tennis:  Rohan Bopanna and Divij Sharan win the gold medal

Indian men’s tennis doubles team comprising Rohan Bopanna and Divij Sharan win the gold medal at the 18th Asian Games.

They defeated Kazakhstan’s Alexander Bublik and Denis Yevseyev 6-3, 6-4.

Kabbadi: India women clinched silver

The India women’s kabaddi team missed out on their third successive Asiad gold medal. They lost to Iran in the finals.

It was also the third consecutive time when the India women’s team entered the Asian Games final after clinching a gold medal at the 2010 and 2014 Asian Games each.

Shooting: Shardul Vihan clinched the silver medal  

Shardul Vihan clinched a silver medal in men’s double trap shooting event.

The 15-year old boy from Meerut, Uttar Pradesh shot 73.

Korea’s Shin Hyunwoo clinched gold medal.

Dushyant won India its first medal in rowing

India’s Dushyant Chauhan bagged the bronze medal in the men’s Lightweight Single Sculls at the Jakabaring Rowing and Canoeing center in Jakarta.

Two medals from lightweight double sculls

India bagged two bronze medals in rowing through Rohit Kumar and Bhagwan Singh in lightweight double sculls. The event was at the JSC Lake.

Shooting: India’s Heena Sidhu wins bronze

India’s Heena Sidhu wins bronze in the 10m air pistol event at the 18th Asian Games.

She finished with a total of 219.2, earning herself a bronze medal in the tournament. Her win saw India getting their 9th medal in shooting, and 23rd overall in the Asian Games so far.

Indian kabaddi men’s team gets bronze

Indian kabaddi men’s team settled for bronze after losing to Iran. For the first time India failed to reach men’s kabaddi final.

All the four Indian wushu players settle for bronze medals

All the four Indian wushu players lost their semifinal bouts to settle for bronze medals.

Naorem Roshibini Devi, Santosh Kumar, Surya Bhanu Partap Singh and Narender Grewal gave the Indian team an unprecedented four medals.


CLICK HERE TO ATTEND DAILY CURRENT AFFAIRS QUIZ: AUGUST 24, 2018


CLICK HERE TO REVISE:

DAILY CURRENT AFFAIRS: AUGUST 23, 2018

DAILY CURRENT AFFAIRS: AUGUST 22, 2018

DAILY CURRENT AFFAIRS: AUGUST 21, 2018