Monday, 14 August 2017

Daily Update On Current Affairs - August 14, 2017

Current Affairs

Here's your daily summary of Current Affairs.

Maharashtra Chief Minister Devendra Fadnavis launches Namo Yuva Rojgar Kendra

Maharashtra Chief Minister Devendra Fadnavis launched Namo Yuva Rojgar Kendra on 13th August, an initiative providing job opportunities to unemployed youth in Mumbai. There are various schemes like farmers weekly market, farmers mobile market and mother’s tiffin. Under this Yuva Rojgar Kendra and Mumbaikars can get fresh and healthy food, as well as farm produce, procured directly from farmers. These products will be made available with the help of mobile vans all over Mumbai and the information about the location of the vans is made available through an app. This app was also launched by the Chief Minister. BJP’s State President Raosaheb Danve, Mumbai President Ashish Shelar, Agriculture Minister for State Sadabhau Khot were present on the occasion.

India-ASEAN Youth Summit begins in Bhopal

The India-ASEAN Youth Summit begins in Bhopal on the 14th August. The event is being organized by Foreign Ministry, Madhya Pradesh government and India Foundation. Minister of State for External Affairs General VK Singh, Union Minister of State for Youth Affairs and Sports Vijay Goel and Madhya Pradesh Chief Minister Shivraj Singh Chouhan will inaugurate the five-day Summit. The exercise will mark the 25th anniversary of the ASEAN-India dialogue partnership in the ongoing year and also the commemorative year’s theme of “Shared Values, Common Destiny”. Madhya Pradesh has been chosen for this event as the Sanchi Stupa here strengthens the state’s cultural affiliation with the ASEAN countries.

Indian Youngest to climb a 6153-meter mountain at 9 years

Nine-year-old Kaamya Karthikeyan became the youngest person to climb the 6153 meter in Kashmir, Mount Stok Kangri. In May 2017, he had successfully reached the base of Mount Everest at 5464 meters.

Indian Coast Guard ship “Shaurya” commissioned in Goa

On the 12th August, the latest Indian Coast Guard ship “Shaurya” was commissioned in Goa by the Union Minister for Petroleum and Gas. Shaurya is the fifth in the series of six 105 meters off shore patrol vessels. It has been designed and built by the Goa Shipyard Ltd. It is fitted with the latest navigation equipment and communication equipment and sensors.

Pakistan hoists flag taller than the tricolor on Wagah border

Pakistan on its 70th Independence Day hoisted what it claimed the tallest flag in South Asia. The flag which is 120 by 180 feet was installed on a 400 feet pole was hoisted by Pakistan Army Chief on Wagah-Attari border. The tallest flag was planned after India hoisted a flag at the height of 360 feet last year. Pakistan authorities said it was the eighth tallest flag in the world. India's flag was torn apart due to strong winds at least four times since it’s hosting but it has planned again to hoist the flag after Pakistan hoisted its flag.

Foreign investors pump in over Rs 10,400 crore in Indian debt markets so far

Foreign investors have pumped in over 10,400 crore rupees, in the Indian debt markets so far this month. But foreign portfolio investors pulled out more than 2,000 crore rupees, from equities during this period. According to the latest depository data, foreign portfolio investors invested a net sum of 10,419 crore rupees, or 1.6 billion dollars, in the debt markets during 1st of August to 12th of August. With the latest inflow, total investment in debt markets has reached over 1.24 lakh crore rupees or 19 billion dollars this year.

Wholesale inflation jumps to 1.88% in July on dearer food articles

Wholesale price inflation rose to 1.88 percent in July as food articles became more expensive. It stood at 0.90 percent in June (provisional) and 0.63 percent during the corresponding month of the previous year. Official data released on 13th August showed that the rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Products’ from Manufactured Products group increased from -1.25 percent in June 2017 to 2.12 percent in July 2017. Significantly, with the prices of tomatoes jumping up sharply in July, WPI inflation comprising vegetables shot up by 21.95 percent.

Saving deposit rate cuts to lead to lower lending rates: Report

Reduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater competition among lenders, says a report. The nation’s largest lender, State Bank of India had on July 31 slashed the pricing for under Rs. 1 crore saving deposits by 0.50 percent to 3.5 percent. Bank of Baroda and Axis Bank followed, which last week revised downwards their savings rates by a similar quantum for deposits of up to Rs. 50 lakh. According to India Ratings, since the profitability banks remain weak owing to continued pressure on asset quality and low credit demand, it will be imperative for this cash-rich lender to start gaining market share over weaker peers that are starved of capital.

Over 9.3 crore PANs linked with Aadhaar

More than 9.3 crore Permanent Account Numbers (PAN) have been linked with Aadhaar, a senior Income Tax Department official said. Of the total PAN-Aadhaar seeding, which is nearly 30 percent of the total about 30 crore PAN holders, about three crore linkages were done in June and July. "By August 5, which was the last date for filing Income Tax Returns (ITRs), over 9.3 crore PAN-Aadhaar linkages have been registered by the I-T department," he said. According to the officer, the tally is expected to grow as the Central Board of Direct Taxes (CBDT), the policy-making body of the department, has already extended the last date for linking the two unique numbers till August 31.

Indian Bank revises interest rates on SB deposits  

Indian Bank has revised interest rates on SB deposits. With effect from 16th August 2017, the Bank will pay 4 % interest for balances above Rs 50 lacs and 3.5 % interest for balances below Rs 50 lacs.

International left - hander’s day – August 13th

International Left Hander’s’ day was celebrated on the 13th August 2017 by the Left Handers International. Historically, left hander’s were considered inferior, with the use of the left hand being associated with witch craft. Hundreds of millions in the world have to adapt to use right handed tools and objects. Just 10% of the world’s population is left handed and men are more likely to be left handed.

World Organ Donation Day- August 13, 2017

The World Organ Donation Day was observed on the 13th August 2017.  The aim of this day is to promote awareness about organ donation and motivate people to donate organs after their death. Organ donation can be irrespective of age, gender or religion. 

Milkha Singh Appointed as WHO Goodwill Ambassador   

Former Indian Athlete Milkha Singh has been appointed as the Goodwill Ambassador of World Health Organization for physical activity in South East Asian Region. As the Goodwill Ambassador, Milkha Singh will promote WHO SEAR’s noncommunicable diseases prevention and control action plan.

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