Current Affairs – August 07, 2019

Here’s your daily summary of Current Affairs – August 07, 2019

National - Current Affairs - August 07, 2019

Govt releases Draft e-Commerce Guidelines for Consumer Protection 2019

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To protect the interest of online shoppers, the Department of Consumer Affairs has released draft guidelines on e-commerce that state that an e-commerce entity cannot directly or indirectly influence the price of the goods or services. The draft ‘e-commerce guidelines for consumer protection 2019,’ which adds that e-commerce firms need to ensure that personally identifiable information of customers is protected, is open for stakeholder comments for 45 days or till September 16, 2019.


Mohali gets a first 3-D traffic signal

2 6 - Current Affairs - August 07, 2019
In a first-of-its-kind initiative in the country, Mohali traffic police have launched 3-D Smart Traffic Signal devised by the students of a Chandigarh university. The wireless system, called ‘Intelights’, has been installed at the traffic crossing near the Airport Road, on a pilot project basis, and will regulate traffic signals with a smart bird’s eye view wireless sensor system.
The system, which was devised by the students over three years of intensive research, was in the test trial phase for the last eight months before its final launch. The team worked to develop one-of-its-kind, real-time solution for defending ‘Green Corridors’ for ambulances while controlling the movement of vehicles on roads.


Former Governor of RBI, Bimal Jalan’s new Book ‘Resurgent India’ launched

3 6 - Current Affairs - August 07, 2019
Former Governor of the Reserve Bank of India, Bimal Jalan’s new Book ‘Resurgent India’ launched in New Delhi. The book talks about key priorities that can be implemented by the new government in the national interest, irrespective of the political agenda of the party that comes to power. The book has been published by Harper Collins. It is a sequel to Bimal Jalan’s book Emerging India (2012).


Aamir Khan launches Mission Shakti sports initiative in Maharashtra

4 6 - Current Affairs - August 07, 2019
Indian Film actor Aamir Khan launched the Maharashtra government’s sports initiative named Mission Shakti on August 4, 2019. Mission Shakti sports initiative aims to train athletes from Chandrapur and Gadchiroli districts of the state for international events like the Olympics that would help to bring laurels to India in the future.

Business - Current Affairs - August 07, 2019

Apple issues Apple Credit Card in partnership with Goldman Sachs

5 6 - Current Affairs - August 07, 2019
Apple in partnership with Goldman Sachs has started the issue of its Credit Card that is named “Apple Card”. The issue has been started from August 06, 2019. It is a virtual credit card that is built-in the Apple Pay App and hence lives on an iPhone. The physical version of the Apple Card does not have any number like other credit cards. Even the CVV number is not written on it. The transactions are authorized by Apple Pay — Face ID, Touch ID, unique transaction codes. Goldman Sachs is the issuing bank for the Apple Card.


Mastercard launches identity check express to secure online transactions

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Mastercard on Tuesday announced the launch of Identity Check Express, a next-generation, mobile-first authentication solution that aims to redefine the e-commerce journey for Indian consumers. The solution will help eliminate unnecessary friction and enhance the security of online transactions. Identity Check Express was showcased at the Global Mastercard Cybersecurity Summit, held for the first time in India.


Sports - Current Affairs - August 07, 2019

Former New Zealand captain Brendon McCullum retires from all forms of cricket

7 6 - Current Affairs - August 07, 2019
Former New Zealand captain Brendon McCullum will retire from all forms of competitive cricket after the conclusion of the ongoing Global T20 Canada. McCullum, who is playing for Toronto Nationals, had retired from all forms of international cricket in 2016 but continued to ply his trade in various T20 leagues across the globe. The 37-year-old former Black Caps skipper has played 101 Tests in which he scored 6453 runs with 12 hundred and the highest score of 302. In 260 ODIs, he scored 6083 runs with five hundreds while 71 T20 Internationals fetched him 2140 runs.


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Rajesh Kumar Srivastava takes charge as ONGC Director (Exploration)

8 6 - Current Affairs - August 07, 2019
Rajesh Kumar Srivastava took charge as the new Director (Exploration) of energy major Oil and Natural Gas Corporation (ONGC) Limited on 2 August 2019. He takes over the reins of exploration of India’s flagship explorer upon the superannuation of AK Dwivedi on 31 July.
Sandeep Kumar Gupta has taken over as the director (finance) of the company. He replaces A K Sharma who retired from service in May. Earlier, he was Executive Director (Corporate Finance) at IndianOil’s Corporate Office. He replaces A K Sharma, who retired as finance director in May 2019.


Kandikuppa Sreekant becomes Power Grid CMD

9 6 - Current Affairs - August 07, 2019
Kandikuppa Sreekant assumed the charge of the Chairman and Managing Director of Power Grid Corporation of India. He replaces Ravi P Singh (director (personnel), who held the post of chairman & MD of the company give away the additional charge. Prior to taking up this assignment, he was serving as the director (finance) of Power Grid.


International - Current Affairs - August 07, 2019

Hiroshima Day: August 6

10 6 - Current Affairs - August 07, 2019
Hiroshima Day takes place every year on August 6 to commemorate the day in August 1945 when an atomic bomb was dropped on the Japanese city of Hiroshima on August 6 by the United States, followed a few days later by another dropped on the city of Nagasaki on August 9. Although these bombings effectively ended World War II, the two cities were terribly destroyed and casualties were estimated at around 200,000, mostly civilians.


The US officially labels China a ‘currency manipulator’

11 6 - Current Affairs - August 07, 2019
The US has officially named China as a “currency manipulator”, a statement which will intensify tensions between the world’s two largest economies. Currency manipulation is a situation when a country intentionally influences the exchange rate between its currency and the US dollar to gain “unfair competitive advantage in international trade”. This comes after the People’s Bank of China (Chinese central bank) allowed the renminbi to fall below a key threshold, marking a dramatic escalation in the trade war between the two economic powers.

Download - Current Affairs - August 07, 2019

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