Daily Update On Current Affairs – August 26, 2017

Current Affairs

Here’s your daily summary of Current Affairs.

Violence erupts in Haryana and Punjab after conviction of Dera Sacha Sauda chief Gurmeet Singh in a rape case
At least 31 people have been killed, including two women and a child, and more than 250 injured as violence erupted in Haryana and Punjab after Dera Sacha Sauda chief Gurmeet Ram Rahim Singh was convicted in a rape case by a CBI court in Panchkula on the 25th August 2017. Army has been called out in Sirsa, where Dera headquarters are situated, to control the situation. Curfew has been clamped in the town and Internet services continue to remain suspended. Scores of jawans, including 15,000 paramilitary personnel, have been deployed in the sensitive areas of Punjab and Haryana. Police used tear gas shells and fired in the air to disperse mobs who pelted stones and broke barricades in Panchkula. Mobs damaged vehicles on Zirakpur-Shimla road. Vehicles of media organisations were also attacked.
Punjab and Haryana High Court orders attachment of all properties belonging to Dera chief

The Punjab and Haryana High Court has reacted sharply to vandalism by Dera supporters. The court has ordered attachment of all properties belonging to the Dera chief. It has directed the recovery of losses caused due to violence from Dera Sacha Sauda.

Government constitutes task force

Government has constituted a task force on Artificial Intelligence for the country’s Economic Transformation. The 18-member panel, headed by Dr. V. Kamakoti of IIT Madras, will comprise of experts, academicians, researchers and industry leaders. The task force will submit concrete and implementable recommendations for government, industry and research institutions. Commerce and Industry Minister Nirmala Sitharaman said, with rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution.
Orissa launches grid connection solar roof top projects  

The Orissa Govt has launched the roof top solar projects to create awareness about harnessing renewable energy. Under this programme, the residents can set up small solar plants on their roof tops and tap the energy for their needs. Excess power can be exported to the grid through the cable. It will enable the common man to easily access solar energy at a low cost. 
Pradhan Mantri Kisan Sampada Yojna gets Cabinet Approval    

The Union Cabinet has approved the Pradhan Mantri Kisan Sampada Yojna. This will be for the period 2016-20, coinciding with the 14th Finance Commission cycle. The main purpose of this Yojna is to supplement agriculture, modernize processing and decrease Agri waste. This will enable create the modern infrastructure with efficient supply chain management from the farm gate to the retail outlet.
N.Korea tests short-range missiles as S.Korea, U.S. conduct drills

North Korea fired several short-range missiles into the sea off its east coast early on 26th August, South Korea and the U.S. military said, as the two allies conducted annual joint military drills that the North denounces as preparation for war. The U.S. military’s Pacific Command said it had detected three short-range ballistic missiles, fired over a 20 minute period. All of the missiles failed, with one blowing up almost immediately after launch, while two others failed in flight, it added. The South Korean Office of the Joint Chiefs of Staff said the projectiles were launched from the North’s eastern Kangwon province and flew in a northeasterly direction about 250 km (155 miles) into the sea. 
Samsung heir jailed for five years

The heir to the Samsung business empire, which includes the world’s biggest smartphone maker, was sentenced on August 25, 2017, to five years in prison for bribery and other offenses in connection with the scandal that brought down South Korean President Park Geun-hye. Lee Jae-yong’s penalty could leave the giant firm rudderless for years and hamper its ability to make key investment decisions. The vice-chairman of Samsung Electronics, 49, arrived at Seoul Central District Court on a Justice Ministry bus handcuffed, bound with white rope around his dark jacket, and carrying an envelope of documents.
Alibaba founder Jack Ma is now Asia’s richest person
The founder of the Chinese e-commerce giant Alibaba, Jack Ma is now officially the richest person in Asia with a net worth of 38.3 billion. He is now the 16th richest person in the world. Tencent chairman Ma Huateng is now the 2nd richest with a wealth of 36.7 billion. 

RBI issues new Rs 200, Rs 50 notes
On the 25th August 2017, the Reserve Bank issued new Rs 200 and Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of RBI Governor Urjit Patel. Initially, the new Rs 200 notes will be circulated by select RBI offices and some banks. The new Rs. 200 denomination has the motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The base colour of the note is bright yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
Dhanalakshmi Bank and DLF Pramerica tie up for Bank assurance

On the 24th August 2017, Thrissur based Dhanalakshmi Bank and the general insurance Company DLF Pramerica have signed up a MoU in which the former will be the Bank assurance partner for the Insurance Company. 260 branches of the Bank will sell the general insurance products of DLF Pramerica. The Bank expects to garner an additional income of Rs 20 to Rs 30 cr per year by this arrangement. 
China may attend Science Ministers meet in Chennai
Despite the border tension, China is among the countries invited by India to a Science and Technology Ministers’ conclave to be held in Chennai next month. The Science Ministers of Myanmar, Sri Lanka, Nepal, Bangladesh, and Indonesia are among the others invited to the meeting that will discuss how science and technology can address the common challenges in these countries. The conclave is part of the India International Science Festival (IISF), a three-year-old mela of students and scientists that showcase contemporary and historical achievements of Indian science. It is organised by the Rashtriya Swayam Sevak-linked Vijnana Bharti and the Ministry of Science and Technology.
World Badminton Championships: Sindhu enters semi-finals

Ace shuttlers PV Sindhu and Saina Nehwal have assured India of two Bronze medals at the World Badminton Championships in Glasgow, Scotland. Both players stormed into the Women’s Singles semi-finals on the 25th August to assure India of at least two Bronze medals. While fourth seed Sindhu defeated fifth placed Yu Sun of China, 21-14, 21-9, 12th seed Saina beat local girl Kirsty Gilmour, 21-19, 18-21, 21-15.

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