Daily Current Affairs (July 28, 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.


Andhra Government launches Gandiva project

The Chief Minister N. Chandrababu Naidu has launched the ‘Project Gandiva’ and laid the foundation stone for ‘Amaravati International Sports Complex’ at Vidyadharapuram.

The ‘Project Gandiva’ is aimed at identifying talent at a young age in Andhra Pradesh. The sports complex that includes a world-class stadium is estimated to cost Rs. 60 crore.

The headquarters of the Sports Authority of Andhra Pradesh (SAAP) will be shifted to this complex.The Andhra Pradesh government had decided to develop Amaravati, Vizag and Tirupati as sports cities. Andhra Pradesh will be spending Rs 54 crore and the Centre will provide a grant of Rs 6 crore for the sports complex.

Parliament Passes Fugitive Economic Offenders Bill 2018

The Parliament has passed a bill that seeks to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country to evade the legal process.

The Fugitive Economic Offenders Bill, 2018 was passed by a voice vote in the Rajya Sabha. The Lok Sabha had cleared this Bill on July 19.

The bill will empower the government to seize both local and overseas assets of alleged offenders who do not wish to return to India to stand trial even after arrest warrants are issued against them.

The Finance Minister said that special courts will be set up for trials which will deal with cases that involve more than 100 crore rupees each in a fast-track manner.

IRDAI Forms Panel to Review 3rd Party Motor Cover Costs

The Insurance regulator IRDAI has constituted a 16-member committee to examine motor third party insurance pricing aspects and make recommendations on the premium rates for 2019-20.

This is for the first time the Insurance Regulatory and Development Authority of India has formed such a committee. The IRDAI Member – Non Life P.J. Joseph has been made as the chairman of the committee.

The committee has also been tasked to revisit the classification of vehicles, in view of the development in the industry.

GOI launched Mahila Shakti Kendra Scheme

The Government of India has approved a new scheme namely Mahila Shakti Kendra for implementation during 2017-18 upto 2019-20 to empower rural women through community participation.

The Scheme is implemented with cost sharing ratio of 60:40 between centre and states except for North East and Special Category States where the ratio is 90:10.

Technical support to the respective governments on issues related to women will be provided. District Level Centre for Women (DLCW) has also been envisaged for 640 districts to be covered in phased manner.

Srikrishna Committee suggests amendments in Aadhaar Act for data protection

The Justice B.N. Srikrishna Committee on data protection in India has suggested amendments to various laws including the Aadhaar Act to provide for imposition of penalties on data fiduciaries and compensations to data principals for violations of the data protection law.

The 10-member committee set up last year under the chairmanship of the retired Supreme Court judge submitted the 213-page report.

The report has proposed penalties for violations, criminal proceedings, setting up of a data authority, provision of withdrawal of consent and concept of consent fatigue.

Odisha CM Inaugurates Rs 300 crore Irrigation Dam Project

The Odisha Chief Minister Naveen Patnaik has inaugurated the Rs 300 crore Rukura Medium Irrigation Dam project in Sundargarh district, Odisha.

This project will irrigate 5,800 hectare of agricultural field. Mr Patnaik stated that his promises to provide irrigation to an additional 10 lakh hectare of land ahead of 2014 elections, will be fulfilled by 2019.


10th BRICS Summit 2018 Concluded at Johannesburg

The Leaders of the BRICS economies — Brazil, Russia, India, China and South Africa — are in South Africa this week for their annual three-day summit. The event was held at the Sandton Convention Centre in Johannesburg.

Every country adopted the ‘Johannesburg Declaration’ by consensus.

The theme of BRICS Summit 2018 was ‘BRICS in Africa: Collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution’.

India, China agree to maintain border tranquility

India and China held the 18th round of talks between the Special Representatives on the Boundary Question in which both sides agreed to take “necessary steps to maintain peace & tranquillity in border areas.”

India was represented by Ajit Doval, National Security Adviser, and the Chinese representative was Yang Jiechi, State Councillor. This is the first meeting of the special representatives after the Modi government assumed office.


Capital: Beijing

Currency: Renminbi


Ramon Magsaysay Award Winners 2018: Complete List of Winners

Bharat Vaswani and Sonam Wangchuk are among six individuals who were declared winners of the Ramon Magsaysay Award. The award is regarded as the Asian version of the Nobel Prize.

The Two Indians — one a psychiatrist who works for the mentally-ill street persons and another whose initiative to harness science and culture creatively for economic progress improved the lives of the Ladakhi youth.

Youk Chhang from Cambodia, Maria de Lourdes Martins Cruz from East Timor, Howard Dee from the Philippines and Vo Thi Hoang Yen rom Vietnam are other winners of the award.

The Ramon Magsaysay Award is an annual award established in 1958. It is Asia’s highest honour.

Odia litterateur Ramakanta Rath receives Atibadi Jagannath Das Samman

The Noted litterateur Ramakanta Rath has received Atibadi Jagannath Das Samman, Odisha’s highest literary award, for the year 2018. The award is named after 15th century Odia poet Atibadi Jagannath Das.

The Culture and Tourism Minister Ashok Chandra Panda conferred the award on Rath.

Rath’s popular books include “Kete Dinara”, “Sachitra Andhara”, “Aneka Kothari”, “Saptama Rutu”, “Sandigdha Mrugaya”, “Pheri Chahinle” and “Sri Radha”.

He is a recipient of the Odisha Sahitya Akademi Award, Kendra Sahitya Akademi Award, Saraswati Samman, Bishuva Samman and Kabir Samman. He also received the Padma Bhushan for his immense contribution to the field of literature.


4 Indian-Origin Names In List of Fortune’s 40 Young Influential People


Four persons of India-origin, including three women, have been named by Fortune among 40 of the most influential and inspiring young people in business under the age of 40.

The Instagram Cofounder and CEO Kevin Systrom and Facebook founder Mark Zuckerberg, are tied for first place on the Fortune ’40 Under 40′ list.

The Chief Finance Officer of the US’ largest automaker, General Motors Dhivya Suryadevara comes in at the 4th spot, followed by Vimeo CEO Anjali Sud (14), Cofounder and Co-CEO of Robinhood Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32).

Karnataka Tops In Renewable Energy: IEEFA Report

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The Institute For Energy Economics and Financial Analysis has released a report in which it was revealed that Karnataka is the leading state for generating renewable energy.

Karnataka has a total installed capacity of 12.3 gigawatts as of March 2018. And has added 5 GW of renewable energy in 2017-18 alone.The southern state’s renewable energy capacity now exceeds its coal power capacity by 2.5 GW.

A massive solar energy plant in Karnataka’s Pavagada has helped the state take the lead in renewable energy.

Union HRD Minister releases the AISHE Report 2017-18

The Union Human Resource Development Minister Prakash Javadekar has chaired the National Conference of Vice-Chancellors and Directors in New Delhi.

The theme of this conference is “Research and innovation in Higher Education.”

On the occasion the Minister released the All India Survey of Higher Education Report 2017-18, Higher Educational Profile 2017-18 and Swachh Campus Manual.


Indian Women’s Compound Archery Team Reaches World Rank 1

The Indian women’s compound archery team created history by scaling to the top of the world rankings in the recently published chart.

India jumped to the top rank from the fifth position of the compound archery women team category.

With their twin silver medal-winning effort in the Antalya and Berlin World Cups, the Indian women’s compound team lead the chart with 342.6 points, six points ahead of second-placed Chinese Taipei.

Jyothi Surekha Vennam and Muskan Kirar are two regulars in the women’s team in both the World Cup stages, while Divya Dhayal (Antalya) and Trisha Deb (Berlin) were the third members.


World Hepatitis Day – July 28

The World Hepatitis Day is observed on July 28 every year.

It aims to raise global awareness of hepatitis — a group of infectious diseases known as Hepatitis A, B, C, D, and E — and encourage prevention, diagnosis and treatment.

Theme 2018:Test Treat Hepatitis.