Here’s your daily summary of Current Affairs – August 26-27, 2018
22nd Youth Parliament competition held at Basohli, Kathua
In Jammu and Kashmir, the 22nd Youth Parliament competition was held at Jawahar Navodaya Vidyalaya Basohli, Kathua today in which 43 Jawahar Navodaya Vidyalayas from across all the three regions of the state participated. Union Minister of State in PMO Dr. Jitender Singh was the chief guest on the occasion who formally inaugurated the programme.
Odisha CM to launch Mu Hero campaign
With an eye on garnering the support of youths ahead of the next years’ general and assembly elections, chief minister Naveen Patnaik would launch the ‘Mu Hero’ (I am Hero) campaign on Monday to recognize exemplary works by Odia boys and girls towards social transformation. The campaign will be part of the Biju Yuva Vahini, a voluntary programme that aims to promote youth leadership (in the age group of 15 to 35 years) and sports at the community level.
Arunachal Pradesh to organize youths’ conclave ‘ATAL’ in September
Arunachal Pradesh government is going to organize a youths’ conclave, titled ATAL (Arunachal Transformation & Aspirational Leadership) Conclave, in September, this year. The 3-day conclave which starts on September 22, will see the participation of 1000 youths of the state in the age group of 18 to 30 years.
Switch to Chip-based Debit cards by Dec. 31, SBI tells customers
State Bank of India, the country’s largest lender, has asked its customers to get their ATM-cum-debit cards with magnetic stripe replaced with the one with ‘Europay MasterCard Visa’ chip before Dec. 31. RBI had asked banks to issue only chip-based and personal identification number-enabled debit and credit cards to protect customers from frauds. EMV chip card protects against counterfeit (skimming) card fraud. EMV chip card and PIN protects against both counterfeit (skimming) and lost and stolen card fraud.
Big willful defaulters’ dues to PNB drop to Rs 15,175 crore in July
Liabilities of big willful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8% to Rs 15,175 crore by July-end over the previous month, according to the state-run’s bank data. Big willful defaulters are those who took loans of over Rs 25 lakh from the bank.
G. Satheesh Reddy appointed Secretary, Department of Defence R&D and Chairman, DRDO
The Appointments Committee of the Cabinet has approved the appointment of Dr. G. Satheesh Reddy, Distinguished Scientist and Scientific Adviser to Defence Minister (SA to RM) to the post of Secretary, Department of Defence Research and Development (DDR&D) and Chairman, Defence Research and Development Organisation (DRDO).
World Bank Partners with CBA to Issue First Blockchain “Bondi” Bond
The World Bank has implemented the first full issue of public bonds via smart contracts utilizing the blockchain technology. As a result, a complete securities life cycle was carried out in using a private Ethereum blockchain – from placement to the issuer’s performance of its obligations to investors, including settlement. Commonwealth Bank of Australia (CBA) was the organizer and the main buyer of the issue of the “Bondi” bond, short for Blockchain Offered New Debt Instrument, with a 2-year maturity term. The so-called Kangaroo issuance (foreign bonds denominated in Australian dollars) was priced to yield 2.251% for a total sum of A$100 million ($73.16 million), a sufficient size to test the practicality of the new technology.
Fourth Asian electoral stakeholders forum (AESF-IV) to begin in Colombo on 27 August
In Sri Lanka, the fourth Asian electoral stakeholders forum (AESF-IV) will begin in Colombo 27 August to discuss the state of elections and democracy in the region. The two-day forum is being held for the first time in South Asia with support from the Election Commission of Sri Lanka and the Asian network for free elections (ANFREL). The AESF will be attended by more than 250 delegates from 45 countries. The theme is, ‘Advancing Election Transparency and Integrity: Promoting and Defending Democracy Together’. The forum gives an opportunity for Asian election commissions, election observers, non-government organizations, and interstate bodies to gather and discuss the state of elections and democracy in the region. India is being represented by Chief Electoral Officer of Maharashtra Ashwini Kumar and an NGO.
India at 2018 Asian Games: All Day 7 and Day 8 Results
India might not have won gold on the eighth day of the 18th Asian Games but it turned out to be the good outing for the country in athletics with Hima Das, Dutee Chand and Muhammed Anas winning silver medals in their respective events.
Here is the list of winners: Day 8
- Athletics (Women’s 400m) – Hima Das – Silver
- Athletics (Women’s 100m) – Dutee Chand – Silver
- Athletics (Men’s 400m) – Muhammed Anas Yahiya – Silver
- Equestrian (Eventing Individual – Jumping Final) – Fouad Mirza – Silver
- Equestrian (Eventing Team – Jumping Final) – India – Silver
- Bridge (Men’s Team)- India – Bronze
- Bridge (Mixed Team) – India – Bronze
Here is the list of winners: Day7
- Athletics (Men’s Shot Put) – Tajinder Pal Singh Toor – Gold
- Squash (Women’s Singles Semifinals) –Dipika Pallikal Karthik – Bronze, Joshna Chinappa – Bronze
- Squash (Men’s Singles Semifinals) – Saurav Ghosal – Bronze
US Senator John McCain dies at 81
US Senator John McCain, a celebrated Vietnam war hero, died last night after losing a battle to brain cancer. He was 81. The 6-term senator, McCain was also a Republican presidential nominee in 2008. McCain had been battling glioblastoma, an aggressive form of brain cancer discovered in July 2017. A fighter pilot during the Vietnam War, he spent more than five years as a prisoner of war after his plane was shot down. While in the custody he suffered torture that left him with lasting disabilities.
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