Here’s your daily summary of Current Affairs – August 09, 2019
e-Rozgar Samachar launched to spread awareness about job opportunities
The e-version of Rozgar Samachar has been launched recently by Union Minister of Information & Broadcasting Shri Prakash Javadekar. It has been launched with a view to make aspirants aware of job opportunities in government sector including public sector enterprises. It will also provide information and guidance about admission and career opportunities in various streams through career-oriented articles by experts. It is expected to meet the emerging challenge of young readers switching to electronic modes of communication.
SBI Life Insurance, Indian Bank ink Bancassurance pact
SBI Life Insurance and Chennai-headquartered Indian Bank have entered into a bancassurance pact to offer holistic financial planning solutions to the latter’s customers. The partnership will see over 2,851 branches of Indian Bank spread across the country offer SBI Life’s diverse range of individual and group insurance solutions. SBI Life will work with Indian Bank to ensure sales training, product support and smooth operational processes in order to offer life insurance policies to its customers.
Indian Bank, Aditya Birla Sun Life Insurance ink pact
Public sector Indian Bank has inked a pact with private sector insurer Aditya Birla Sun Life to offer life insurance products to the bank’s customers. The partnership would see around 2,900 branches of the bank offering a diverse range of life insurance policies to its customers. Under the tie-up, Aditya Birla Sun Life insurance would work with the city-headquartered bank for sales training, product support and ensuring smooth operational processes.
LIC launches Jeevan Amar protection plan
LIC has launched a new term insurance plan called Jeevan Amar. It is a non-linked, without profit, pure protection plan, and is available for sale offline. It offers the flexibility to choose from two death benefit options – the level sum assured and increasing sum assured. The minimum sum assured under the plan is Rs. 25 lakh with no maximum limit.
CAIT partners with HDFC bank to launch “Digi Vyapari-Safal Vyapari” initiative
The Confederation of All India Traders (CAIT) has launched an initiative called `digi vyapari-safal vyapari’ will transform the rural and urban economy and benefit small merchants and traders even in the remotest of places across the country and linking them with e-commerce portals. It has partnered with HDFC Bank, Mastercard, Global Linker, a networking platform for SMEs, and the Common Service Centres (CSCs) of the Ministry of Electronics & IT (MeitY) for the digital initiative.
ADB to provide USD 200 mn for a rural road project in Maharashtra
Asian Development Bank (ADB) has approved a USD 200 million loan for improving road infrastructure in Maharashtra. This will cover 34 districts in Maharashtra with an aim to better connect rural areas with markets and services. The total cost of the project is $296 million. Out of this Maharashtra Government will provide the remaining $ 96 million. Apart from this, ADB has provided a technical assistance grant of USD 1 million to support the Maharashtra Rural Road Development Association (MRRDA) to improve its management performance in areas such as road safety, road asset management, contract management, and climate-resilient design.
SBI MD Dinesh Kumar Khara tenure extended by two years
The Appointments Committee of the Cabinet led by Prime Minister Narendra Modi has extended the tenure of State Bank of India Managing Director Dinesh Kumar Khara by two years. Khara was appointed the managing director of State Bank of India (SBI) on August 10, 2016, for a period of three years which was extendable by two years after a review of his performance.
Hashim Amla announces retirement from international cricket
South Africa batsman Hashim Amla announced his retirement from international cricket after playing the game for over 15 overs. However, he will continue to be available for domestic cricket as well as the Mzansi Super League. During his illustrious career, Amla played 349 matches across the three formats for the South Africa cricket team, scoring more than 18 000 runs, including 55 centuries and 88 half centuries. In 124 Tests he scored 9,282 runs – the most by any South Africa batsman. In ODIs, he went past the milestone of 8,000 runs during the World Cup. Amla was equally impressive in the T20Is where he amassed 1,277 runs in 44 matches at 33.60.
Bengaluru to host 10th AASF Asian Age Group C’ships 2019
Bengaluru will host the 10th AASF Asian Age Group Championships 2019 for the first time, giving the Indian swimming enthusiasts an opportunity to witness the largest aquatic event in the continent. The nine-day sporting extravaganza, scheduled to be held between September 24 and October 2, is set to have over 40 countries and more than 1200 participants competing for top honors in four different aquatic disciplines, including swimming, diving, water polo, and the visually-mesmerizing artistic swimming.
Mary Kom & Borgohain selected for upcoming women’s world boxing championships 2019
Boxers MC Mary Kom, a six-time world champion, and Lovlina Borgohain, World and Asian bronze-medallist, are selected for the upcoming Women’s World Boxing Championships 2019 which are scheduled to be held from October 3- 13, 2019 in Bolshoy Sochi, Russia. Mary Kom & Lovlina Borgohaini. The 36-year-old Mary Kom has been selected in the 51kg category and Lovlina Borgohain will be competing in the 69kg category.
Germany’s Fiona Kolbinger becomes the first woman to win cycling’s Transcontinental Race 2019
Germany’s cancer researcher Fiona Kolbinger, aged 24, became the first woman to win cycling’s Transcontinental Race 2019 (No.7) from Bulgaria to France. She cycled for more than 2,485 miles across Europe in just over 10 days, 2 hours and 48 minutes. Britain’s Ben Davies finished second who completed the race in 10 days, 13 hours and 10 minutes.
India world’s 13th most water-stressed country: WRI
WRI has ranked 134 countries in terms of overall water stress in its National Water Stress Ranking. India is ranked 13th while Qatar is highly water stress country and is on top of the list. WRI has also mentioned that 17 countries are home to one-quarter of the world’s population and face “extremely high” levels of baseline water stress. India placed thirteenth among the world’s 17 ‘extremely water-stressed’ countries, according to the Aqueduct Water Risk Atlas released by the World Resources Institute (WRI). The country, followed by neighboring Pakistan, was under ‘extremely high’ levels of baseline water stress.
46 countries including India signs UN Convention on Mediation
46 U.N. members, including India, have signed the Singapore Convention on Mediation that aims to settle cross-border commercial disputes and stabilize trade relationships. The title of the Convention is “U.N. Convention on International Settlement Agreements Resulting from Mediation”. The aim is to have a global framework that will give businesses greater confidence to settle international disputes through mediation rather than taking them to court, which can be obstructively time-consuming and expensive.