Current Affairs – August 10, 2018

August 10 2018 - Current Affairs – August 10, 2018

Here’s your daily summary of Current Affairs – August 10, 2018

National - Current Affairs – August 10, 2018

Important Union Cabinet Decisions on 9 August:

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Following are the Important Union Cabinet Decisions taken under the leadership of PM Modi.
• MoU between India and Indonesia on Health cooperation.
• The signing of MoU between India and Canada on collaboration among Chartered Accountant Institutions.
• MoU between India and Korea on Trade Remedy Cooperation.
• Condoles the demise of Dr. M. Karunanidhi, former Chief Minister of Tamil Nadu.
• Joint issue of postage stamp between India and South Africa.
• MoU between India and Indonesia on Scientific and Technological Cooperation rising of four additional battalions of National Disaster Response Force.
• The release of pulses procured from farmers under Price Support Scheme to States with Central Subsidy of Rs. 15 per Kg for utilization under Welfare Schemes.
• Construction of New 4 – Lane Bridge on Kosi River at Phulaut, Bihar.
• Continuation and revision of “Post Matric Scholarship for OBC Students for studying in India”

Parliament passes SC/ST amendment Bill

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Parliament has passed the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Bill, 2018, with the Rajya Sabha approving it by voice vote. Lok Sabha has already passed it. The amended bill has done away with the provision of seeking prior permission for the arrest of those committing atrocities against Dalits. Replying to a debate on the bill in the Rajya Sabha, Social Justice and Empowerment Minister Thaawar Chand Gehlot said, the government is committed to the welfare of the poor and protecting the interests of the Dalits. He said, under the legislation, there is a provision of setting up special courts to deal with the cases related to atrocities against SCs and STs.


National Sports University Bill passed in Parliament

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Parliament has passed the National Sports University Bill 2018 with the Rajya Sabha approving it on 9 August. The Lok Sabha had passed the Bill last week. The Bill seeks to establish a first-of-its-kind National Sports University in Manipur for the promotion of sports. Replying to a debate on the bill, Sports Minister Col Rajyavardhan Rathore said, the Chancellor of the University will be from the sports field and the academic council, as well as academic activities, will have members will also from sports field.


Global Innovation Index, GII- 2018 launched in India

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Government and industry must synergize their efforts to promote R&D and innovation in the country. This was stated by Ratan P Watal, Principal Adviser, NITI Aayog & Member Secretary of the Economic Advisory Council to the Prime Minister at the India launch of Global Innovation Index 2018 in New Delhi on 8 August. The event was organized by the Confederation of Indian Industry (CII) – one of the founding partners of GII along with the World Intellectual Property Organization (WIPO), in collaboration with the Department of Industrial Policy and Promotion (DIPP). India’s rank on the Global Innovation Index (GII) has improved from 60 in 2017 to 57 in 2018. India has been consistently climbing the GII ranking for the past two years.


Indian actor, Manisha Koirala pens her first book, The Book of Untold Stories

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After Priyanka Chopra’s ‘Unfinished’ which the actor had written herself, another Indian actress, Manisha Koirala has penned her first book titled “The Book of Untold Stories”. Manisha on recently took to her Instagram account, where she shared the look of her first book.


Business - Current Affairs – August 10, 2018
IMF forecasts India’s GDP to grow at 7.3% in current fiscal

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The International Monetary Fund says India’s GDP is poised to grow by 7.3 percent in the 2018-19 fiscal and 7.5 percent in 2019-20 on the strengthening of investment and robust private consumption. It said, headline inflation is projected to rise to 5.2 percent in the fiscal year 2018-19, as demand conditions tighten, along with the recent depreciation of the rupee and higher oil prices, housing rent allowances and agricultural minimum support prices.


CCEA okays Rs 5,237cr scheme to provide pulses to states for PDS

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The Centre on 9 August decided to sell nearly 3.5 million tonnes of pulses to states at Rs 15 per kilogram lower price than the wholesale rate for distribution under PDS and other welfare schemes, costing the exchequer Rs 5,237 crore. The decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by PM Modi. The Centre will provide 3.48 million tonnes of pulses to state governments from its stock procured under the price support schemes (PSS), it added.


IKEA opens India’s first store in Hyderabad

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Customers thronged IKEA’s first store in India as it was inaugurated in Hyderabad on 9 August. John Achillea, IKEA’s Managing Director for Telangana, Telangana’s IT Minister K. T. Rama Rao and other key individuals of the Sweden-based furniture retail company inaugurated the store.


MoUs - Current Affairs – August 10, 2018
Kinfra, BEML to set up ancillary defence equipment unit

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Kerala Industrial Infrastructure Development Corp (Kinfra) is set to sign an agreement with Bharat Earth Movers Ltd (BEML) to develop a defence equipment manufacturing ancillary unit at the Defence Park in Ottapalam, Palakkad.
BEML Headquarters: Bangalore


PayPal, HDFC Bank partner to offer seamless payment experiences to consumers

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PayPal, a global technology platform, and digital payments leader, has announced its strategic partnership with and HDFC Bank to offer safer, faster and convenient payment experiences for the bank’s cardholders.


Appointments - Current Affairs – August 10, 2018
Harivansh Narayan is the new Rajya Sabha Deputy Chairman

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In a huge win for the NDA, Harivansh Narayan Singh has been elected as the Rajya Sabha Deputy Chairman by defeating the joint Opposition candidate BK Hariprasad. Elections for the post of the Rajya Sabha Deputy Chairman were held on 9 August. 125 votes were polled in favour of NDA’s Harivansh Narayan Singh while opposition candidate Hariprasad won 105 votes. While Harivansh is a first-time MP of the JD-U, Hariprasad is a three-time parliamentarian of the Congress.


TRAI chairman R.S. Sharma gets a 2-year extension

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The Union government on 9 August extended the term of Telecom Regulatory Authority of India (TRAI) chairman R.S. Sharma till September 2020. His term was to end this week. As per the government notification, he will remain in the post till September 30, 2020, when he turns 65.


Abhinav Bindra appointed the member of IOC’s Athletes’ Commission

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India’s champion shooter Abhinav Bindra has been appointed the member of the prestigious Athletes’ Commission of the International Olympic Committee (IOC), the rare honor adding another feather to his illustrious cap. Bindra became only the second Indian sportsperson, after badminton ace Saina Nehwal, to be appointed to the IOC’s Athletes’ Commission.


Purna Chandra Thapa takes charge as acting CoAS of Nepal Army

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Nepal’s Chief of General Staff, Lt General Purna Chandra Thapa has assumed the charge of acting Army Chief. Outgoing Chief of Army Staff (CoAS) General Rajendra Chhetri handed over the charge of the top post of the Nepal Army to Lt General Thapa in Kathmandu on 9 August.


International - Current Affairs – August 10, 2018
World Biofuel day – 10th August

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World Biofuel Day is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the Government in the biofuel sector. The Government approved the National Policy on Biofuels-2018 in June 2018. The policy has the objective of reaching 20% ethanol-blending and 5% biodiesel-blending by the year 2030.


Learn Two a Day:

Kakrapar Nuclear power plant: Gujarat
Jaitapur and Tarapur Nuclear power plants: Maharashtra

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