Daily Current Affairs

Daily Current Affairs
Daily Current Affairs
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Monetary Policy - In its 3rd Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has reduced the policy Repo Rate by 35 basis points (BPS).
Repo Rate - 5.40% (Decreased 0.35%)
Reverse Repo Rate - 5.15% (Decreased 0.35%)
Cash Reserve Ratio – 4% (No change)
Statutory Liquidity Ratio – 18.75% (No change)
Bank Rate - 5.65% (Decreased 0.35%)
Marginal Standing Facility - 5.65% (Decreased 0.35%)  
GDP growth for 2019-20 - 6.9% (7%)
National Film awards  - The 66th National Film awards have been announced by Rahul Rawail, head of the Jury for feature films. The Jury unanimously conferred the award for the Most Film Friendly State to “Uttarakhand” for furthering the growth of the film industry in the state.
Best Feature Film - Hellaro (Gujarati Film)
Best non feature film - Son Rise by Vibha Bakshi and The Secret Life of Frogs by Ajay and Vijay Bedi
Best Director - Adhitya Dhar for Uri : The Surgical Strike
Best Actor - Ayushmann Khuranna for Andhadhun and Vicky Kaushal for Uri : The Surgical Strike
Best Actress - Keerthy Suresh for Mahanati
Best Hindi Film – Andhadhun
Gambia - President Ram Nath Kovind inaugurated exhibitions on Mahatma Gandhi and Khadi at the "Ebunjan Theatre" in the Gambia to commemorate the 150th birth anniversary of the Mahatma Gandhi. President Ram Nath Kovind is on the visit of African country, Gambia. During his visit India has promised to extend an assistance of USD 500,000 to Gambia. 
Ramon Magsaysay Award - Indian journalist Ravish Kumar has been awarded the 2019 Ramon Magsaysay Award for “harnessing journalism to give voice to the voiceless”. The Magsaysay award was started in 1957 and celebrates the memory and leadership example of the former Philippine president Ramon del Fierro Magsaysay. Ramon Magsaysay Award is also known as Asian version of the Nobel Prize.
India Post Payments Bank - The postal department has decided to convert the India Post Payments Bank into a small finance bank. This bank will provide micro credit at the doorsteps to individuals and SME's. The postal department has also target the milestone of 1 crore accounts for IPPB in 100 days.
National Investment and Infrastructure Fund - Australian Super and Ontario Teachers’ Pension Plan will invest $1 billion each in the National Investment and Infrastructure Fund (NIIF). NIIF is India’s first sovereign wealth fund that was set up by the Government of India in February 2015. The Fund invests in equity capital in core infrastructure sectors in India with a focus on transportation, energy and urban infrastructure. Australian Super is Australia’s largest superannuation fund and Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan.
Central Payment Fraud Registry - The Reserve Bank of India has decided to set up a "Central Payment Fraud Registry". The registry will track frauds in the payment systems. Under this registry, payment system participants will be provided access to it for near-real time fraud monitoring. 
Gujarat International Finance Tec-City - Securities and Exchange Board of India has approved Singapore Stock Exchange and National Stock Exchange of India Ltd to operate jointly in Gujarat International Finance Tec-City, Gandhinagar. The two entities will create a new platform for trading called NSE International Financial Service Centre (IFSC)-SGX Connect.
ASEAN summit - Foreign Ministers from South East Asia are attending the 52nd ASEAN summit in Bangkok.
ADB Loan to India - Asian Development Bank (ADB) has approved a USD 200 million loan for improving road infrastructure in 34 districts of Maharashtra. The aim of the project is to connect rural areas with markets and services. Roads in rural areas would be upgraded to all weather standards.
NEFT will be 24x7 - The Reserve Bank of India will make available the National Electronic Funds Transfer system (NEFT) on a 24x7 basis from December 2019 as per the Payment System Vision 2021 document. Presently, the transfer of funds via NEFT can only be done during banks’ working hours. The facility of electronic transfer of funds is available from 8 am to 7 pm on all working days, except the second and the fourth Saturday of the month.
AMOS-17 Communication Satellite - US carrier rocket Falcon 9 loaded with Israeli AMOS-17 communication satellite successfully lifted off from a space centre in Floridaspacecraft manufacturer SpaceX. Amos-17, built by Boeing, will provide Ka, Ku and C-band signal transmission and expand Israeli communications satellite operator Spacecom's coverage in Africa, the Middle East and Europe. Founder of SpaceX is Elon Musk.
Article 370 & Art-35-A - A series of historical decisions which includes the scrapping of Article 370 & Art-35-A and the introduction of “J&K Reorganisation Bill 2019” were taken today during the session of Rajya Sabha. Article 370 was providing special autonomous status to the Indian state “Jammu & Kashmir” which will be no longer applicable.
Quick Reaction Surface-to-Air Missile - India successfully test-fired its all-weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at launch complex III of the Integrated Test Range at Chandipur in Odisha. QR-SAM system can also engage multiple targets within a range of around 25 to 30 km.
Fame Scheme - The Department of Heavy Industry has sanctioned 5,595 electric buses under the phase II of Faster Adoption and Manufacturing of Electric Vehicles (FAME) India scheme. The buses are sanctioned to 64 cities in 22 states and union territories for intercity and intercity operations in order to push for clean mobility in public transportation.
Joint Technical committee For Ganges water - India and Bangladesh have agreed to set up a Joint Technical committee for optimum use of Ganges water. The river Ganga's water is being received by Bangladesh under the Ganga Water Sharing Treaty 1996.
Samagra Shiksha-Jal Suraksha - Union HRD Minister will launch ‘Samagra Shiksha-Jal Suraksha’ to create awareness about Water Conservation among all school students in the country. So that they can become competent, conscientious and committed water citizens of our nation. 
Women Transforming India Awards - The NITI Aayog will launch the 4th Edition of Women Transforming India (WTI) Awards. The WTI Awards is being organized in collaboration with the United Nations to recognize women entrepreneurs from across India. This year’s theme is ‘Women and Entrepreneurship’, in continuation of the theme for WTI Awards 2018. WhatsApp has collaborated with NITI Aayog for WTI Awards 2019 and will be providing support amounting to US$100,000 to the award winners.
Hashim Amla - South African batsman Hashim Amla has retired from all formats of international cricket. 
Archery Association of India - The World Archery (WA) has suspended the Archery Association of India for violating its guidelines. 
Transgender Inclusive Policy - The Cricket Australia has announced new transgender inclusive policy. This policy will enable transgender players to play the game of cricket at the highest levels. The decision aligns in accordance with the International Cricket Council’s (ICC’s) gender recognition policy and gender diversity guidelines.
International Day of the World's Indigenous Peoples - United Nations observes 9th August every year as International Day of the World's Indigenous Peoples. The day is celebrated to raise awareness of the needs of these population groups. Theme for year 2019 is Indigenous Languages.
Nagasaki Day - Japan commemorates the 9th August every year as the Nagasaki day. On August 9, 1945, the United States dropped an atomic bomb on Nagasaki, Japan. It was code named "Fat Man" due to the design of the bomb as it had a wide, round shape.
Navodayam Scheme - The Andhra Pradesh government will launch the Navodayam scheme. The scheme is a complete outreach programme for thousands of ailing Micro, Small and Medium Enterprises (MSMEs) in the state. Navodayam will provide a lifeline to stressed MSMEs by ensuring that all eligible units are permitted for the one-time restructuring of accounts up to March 31, 2020 with an outlay of Rs 3,900 crore.
Serena Williams - Serena Williams topped the List of Highest-Paid Female Athletes 2019 published by Forbes. She has topped the annual list for a 4th consecutive year with estimated total earnings of $29.2 million. Indian badminton player P.V. Sindhu came in tied for 13th ($5.5 million), with Thai golfer Ariya Jutanugarn ($5.3 million).
Om Prakash - Veteran director Om Prakash passed away. Prakash was best known for his collaboration with two of Bollywood biggest superstars, late Rajesh Khanna and Jeetendra. 
Consumer Protection Bill - The Rajya Sabha has passed the Consumer Protection Bill, 2019. The bill will lead to setting up of a Central Consumer Protection Authority to promote, protect and enforce the rights of consumers as a class. The Bill seeks to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services. The bill will replace the Consumer Protection Act, 1986.
UN Palestine Refugee Agency - India contributed 5 million USD to the UN Palestine refugee agency and called for ensuring sustained financial support for the organisation's work. The amount was hand over to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees.
Rooppur Nuclear Power Plant - Bangladesh signed a deal with Russia for the supply of uranium for its 2400 MW Rooppur Nuclear Power Plant (RNPP). The deal was signed in Dhaka between the Bangladesh Atomic Energy Commission and Russian Nuclear Fuel Supply Company (TVEL). Under this deal, Russia will supply the nuclear fuel needed for the plant during its entire life cycle. 
International Army Scout Masters Competition - The 5th edition of International Army Scout Masters Competition with teams from 8 countries including India, China and Russia as participants was inaugurated at the Jaisalmer Military Station under the aegis of the Southern Command. Army Scout Master Teams from Armenia, Belarus, China, Kazakhstan, Russia, Sudan, Uzbekistan and India are participating in the 9-day event from August 6 to 14.
Sushma Swaraj - Former External Affairs Minister Sushma Swaraj passed away. She was the 1st full time woman external affairs minister of India. She was also the youngest cabinet minister at 25 when she joined the Haryana government in 1977 and the first woman chief minister of Delhi.
Hiroshima Day - August 6 marks the anniversary of the atomic bombing in Hiroshima during World War The horrific incident took place on August 6, 1945, when the United States dropped an atomic bomb named Little Boy, on the town of Hiroshima in Japan.
National Handloom Day - India celebrates National Handloom Day every year on 7th August. The day is celebrated to honour the handloom weavers in the country and also highlight India’s handloom industry. Bhubaneswar has been chosen as the venue for the celebrations of the day for its rich tradition of Handlooms. 
Currency Manipulator - The United States has officially labeled China a "currency manipulator". The US has accused China of using yuan to gain “unfair competitive advantage” in trade. The US took the action as Beijing has allowed its yuan to fall below the politically sensitive level of "seven" to the U.S. dollar for the first time in 11 years.
Bills Against Mob Lynching - The Rajasthan Assembly passed Bills against mob lynching and honour killing, which make the cognisable, non–bailable and non-compoundable offences with life imprisonment and a fine up to Rs 5 lakh. The bill to curb honour killing also has a provision of the death penalty for the convict. Now Rajasthan has become the 2nd state after Manipur which passed a law to curb lynching cases.
Kosi-Mechi River Interlining Project - The Centre has approved a Kosi-Mechi river interlining project in Bihar. Estimated cost of the project is Rs 4,900 crore. This is India's 2nd major river linking project after Ken-Betwa of Madhya Pradesh.
ScooNews Global Educators Fest - The 3rd edition of India's largest education brainstorming event, the ScooNews Global Educators Fest (SGEF) will held in the city of lakes, Udaipur. The theme for fest is Education for Sustainability: Moving on from Conformity to Creativity'.
Vinesh Phogat - Vinesh Phogat won gold in women’s 53kg category at Poland Open wrestling tournament in Warsaw.
Space Situational Awareness Control Centre - K Sivan, chairman, ISRO, laid the foundation stone for Space Situational Awareness Control Centre at Peenya in Bengaluru.
Automated Multi-modal Biometric Identification System - Maharashtra became the first state to adopt a digital fingerprint and iris scanning system to aid police investigations. The Automated Multi-modal Biometric Identification System (AMBIS) adopted by the Maharashtra Police will soon be replicated across the country, with the state government working with the National Crime Records Bureau in New Delhi to create standards to be used by other state police forces.
China's National Advance Payment System - The State Bank of India's (SBI) Shanghai branch is now connected to China's National Advance Payment System (CNAPS). SBI is the only Indian bank to have obtained the license to do business in local currency and also inducted to the CNAPS by the People's Bank of China (PBOC). 
Bank of China - The Reserve Bank of India (RBI) allowed "Bank of China" to offer regular banking services in the country. Banks falling under this schedule have to adhere to the norms of the RBI. 'Bank of China Limited' has been included in the 2nd Schedule to the Reserve Bank of India Act, 1934.
Lok Sabha will become paperless - Lok Sabha Speaker has announced that the Lower House will become paperless from the next session. This move will save crores of rupees to the exchequer.
ISRO Technical Liaison Unit - Cabinet has approved the setting up of ISRO Technical Liaison Unit (ITLU) at Moscow in Russia. The unit will collaborate with Space agencies and industries in Russia and neighbouring countries for mutually synergetic outcomes. 

Best City For Students - London has named the world’s best city for students for the 2nd consecutive year, beating Tokyo and Melbourne that came 2nd and 3rd, respectively. According to the rankings, India’s best student city is Bengaluru (81st), followed by Mumbai (85th), Delhi at 113th and Chennai at 115th. The QS Best Student Cities Ranking compiled by global education consultancy QS Quacquarelli Symonds highlights each city’s performance across different categories.