Monday, 21 August 2017

Daily Update On Current Affairs - August 21, 2017


Here's your daily summary of Current Affairs.


IIT entrance exam to go completely online from 2018

The Joint Entrance Examination (JEE) for the prestigious Indian Institute of Technology (IIT) will go completely online from 2018. The Joint Admission Board (JAB), which is the policy making body on IIT admissions, took the decision at a meeting in Chennai. In a statement, IIT Madras Director and JAB Chairman Prof Bhaskar Ramamurthi said it has been decided that the JEE Advanced will be conducted in online mode from 2018 onwards. Union Human Resource Development Ministry had earlier introduced the option of taking the JEE-Mains online. The JEE-Mains is the entrance examination for admission to engineering courses offered across the country and a qualifying exam for JEE-Advanced which is required for admission to the prestigious IITs and NITs.

India’s roads to be safer, greener under new NHAI plans 

Driving down India’s national highways could be a much safer experience by the end of this year, with the National Highways Authority of India (NHAI) set to roll out an ‘incident management system’. Under this, ambulances will be stationed every 50 kilometres to be able to respond to any mishap within 15 minutes of it being reported on a national accident helpline. A greener drive is also likely for road users. Trucks running on CNG will be able to hit the highways without worrying about their fuel tank’s range. Compressed Natural Gas (CNG) fuel stations will come up within wayside amenities on highways as part of a proposal now under the discussion between that can save lives within the ‘golden hour’ will be placed every 100 km of highway lengths in seven States to begin with: Tamil Nadu, Delhi, Rajasthan, Uttar Pradesh, Haryana, Gujarat and Maharashtra.

Indian Navy's all Women team to circumnavigate the globe

A seven-member all Women’s team of the Indian Navy will circumnavigate the globe on the Indian built sailboat, INSV Tarini. The project, named Navika Sagar Parikrama, will be flagged off in Sept 2017 and will take about eight months to complete. The crew will obtain and consolidate data on Meteorology, Oceans and waves for research and use by subsequent teams.

SDMC launches Mosquito Terminator Train 

The South Delhi Municipal Corporation, in collaboration with Northern Railway, has launched the Mosquito Terminator Train on the 18th Aug 2017. The train will spray insecticide and bactericide along the railway tracks in all parts of the city, covering a distance of 70 kms a day. It will run at a speed of 20 km/ph and will carry a mixture of 8000 litres of water and 200 litres of larvicide. Eight trips of the train are being planned between the 18th August and the 16th September. 

First Regional Centre of NDB opens in South Africa    

The first regional centre of the New Development Bank was opened in South Africa on the 17th August, by the South African President in the presence of the Indian head of the BRICS Bank, K.V.Kamath. The New Development Bank was formally known as the BRICS Bank. It was set up by the BRICS nations (Brazil, Russia, India, China and South Africa), with an authorized share capital of $100 billion. In the year 2017, the NDB is expected to fund about 2.5 billion to 3 billion US Dollars for about ten projects.

New Russian Envoy to India     

On the 19th August 2017, the Russian President Vladimir Putin has appointed Nikolay Kudashev as the new Ambassador to India. Mr Kudashev is a career diplomat. He is currently the Deputy General Secretary in the Ministry of Foreign Affairs of the Russian Government. The appointment of the new Ambassador was necessitated by the death of the former incumbent Alexander Kadakin. 

SBI, PNB account for 40% of bad loans

Country's largest lender State Bank of India accounts for over 27% of the total amount owed to public-sector banks by willful defaulters. As many as 1,762 willful defaulters owed Rs 25,104 crore to SBI as on March 31, putting pressure on its balance sheet. Punjab National Bank (PNB) is next on the list with 1,120 willful defaulters having outstanding non-performing assets of Rs 12,278 crore. Together these two banks account for 37,382 crore or 40% of the total outstanding loans. Total outstanding loans due to PSU banks by wilful defaulters amounted to 92,376 crore, according to the Finance Ministry data.

Power Grid Corporation to get $500 million from Asian Development Bank

On the 17th August 2017, the Power Grid Corporation of India has signed an MOU with the Asian Development Bank for the latter to give a loan of $500 million to the former for implementation of its various projects. The proceeds of the loan will be used for funding the following projects:
a) Green Corridor b) 800 KV High Voltage Direct Current c) Bipole link between the Western Region and the Southern Region and d) A 320 KV HVDC link between Pugalur in TN and Trichur in Kerala.

Nestle India ties up with Amazon for launch of new version of Maggi Noodles

Nestle India has tied up with Amazon for the launch of its new nutritional varieties of its Maggi Noodles. Initially, the product will be available on Amazon in and will be subsequently rolled out in retail shops across India. The Nutritious Noodles are targeted as a Breakfast food


Scientists develop artificial womb to save premature babies

Researchers from the University of Western Australia and the Tohoku University Hospital in Japan, have successfully developed an artificial womb to save premature babies. The same has been successfully tested as well. The main aim of the researchers was to develop an effective treatment strategy for extremely premature babies born within 22 weeks. Their study was published in ‘The American Journal of Obstetrics and Gynecology'.

Jerry Lewis passes away

Jerry Lewis, the rubber-faced comedian and director whose fundraising telethons became as famous as his hit movies, has died. Publicist Candi Cazau says Lewis passed away on Sunday morning of natural causes at age 91 in Las Vegas with his family by his side. Lewis first became a star in a duo with Dean Martin, entertaining audiences in nightclubs, on television and in the movies. After their split in 1956, he starred in and directed a slew of hit films such as 'The Nutty Professor.'

Dr Mamta Suri is the new Executive Director, Insolvency and Bankruptcy Board of India

On the 16th August 2017, Dr Mamta Suri took charge as the Executive Director of the Insolvency and Bankruptcy Board of India. She was earlier the Chief General Manager of the IRDAI. She is a P.hd in Finance and M.Sc in Risk Management.


World Humanitarian Day - August 19th

The World Humanitarian Day is observed worldwide on the 19th August every year as a tribute to people who risk their lives in humanitarian service and to rally support for people affected by crises around the globe. The theme for WHD 2017 will be ‘Not A Target’. On the 19th August 2003, a terrorist attack hit the UN Headquarters in Baghdad in which 22 people were killed. Since then, the 19th August is observed as the World Humanitarian Day 

Serena Williams named highest paid female athlete of 2017

American Tennis star Serena Williams is the highest paid female athlete of 2017, according to the list published by Forbes. Between June 2016 and June 2017, Serena had earned $7 million.


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