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Current Affairs August 2016

For the very purpose of getting you ready for the challenge that is Current Affairs In India, we are covering the 2016 August current affairs including politics current affair, current affair news, science current affairs, general knowledge current affair, current government affair and international current affairs. Only studying India's current affairs or political current affairs is not sufficient as you have to cover international events and current affairs along with the Indian current affairs, as well as those in the field of science and sports.

Current Affairs August 22nd to August 28th 2016

International Current News

  • Great Auk - the penguin sized extinct flightless birds which disappeared in the 19th century after the last known bird was killed in 1844 on an Iceland island. Until the species extinction in the 19th century Great Auk ranged across Atlantic from northern Europe to Iceland. It was in the news recently after the scientists are planning to bring back the extinct bird. Researchers recently met at the International centre for Life in Newcastle to discuss reintroducing the flightless marine birds onto the Farne islands in England.
  • SwagBot - the world's first robot designed to round up livestock being developed by Australian scientists to help the country's farmers. SwagBot is a box of electronics supported by four independently moving legs on wheels. It is omnidirectional and can navigate obstacles across water and be remotely controlled by farmers as it herds cattles. The cattle stations in Australia average about 400,000 hectares of land where rearing livestock is becoming very difficult with growing producer's becoming older.

National Current News

  • 10 years - the new time period fixed by the Election Commission to review the national and state party status of political parties instead of the present five. A commission notification said while the criteria of being recognised as a national and state party will remain unchanged, the review of the status will take place every two consecutive Lok Sabha or assembly elections instead of one. Recognition as a national or a state party ensures that the election symbol of that party is not used by any other political entity in polls across India. Other registered but unrecognised political parties have to choose from a pool of "free symbols" announced by the commission from time to time. Besides, these parties get land or buildings from the government to set up their party offices. They can have up to 40 number of 'star campaigners' during electioneering. Others can have up to 20 such 'star campaigners'. A political party becomes eligible to be recognised as a national party if it has won 2 per cent of seats in the Lok Sabha from at least three different states in the latest general election; or in a Lok Sabha or assembly election it has polled 6 per cent of the total valid votes in at least four states, in addition to winning four Lok Sabha seats; or it has been recognised as a state party in at least four states.
  • Rs.4.31 crore - the price at which the suit donned by Prime Minister Narendra Modi during his meeting with United States President Barack Obama in New Delhi in 2015 was auctioned which has now entered the Guinness World records as 'the most expensive suit sold at auction'. The suit was purchased by Surat based diamond trader Lalji Patel who owns Dharmananda Diamonds Company. The suit which has stripes with 'Narendra Damodardas Modi' woven into gold letters was reportedly prepared at a cost of Rs.10 lakh.
  • 7th - the position of India according to the report by the New World Health as India figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion. The US is the wealthiest in the world in terms of total individual wealth held at ($48,900 billion) while china stood second and Japan third with a wealth of $17,400 billion and $15,100 billion respectively. Wealth refers to net assets of a person, including assests (property, cash, equities, business interests).
  • UPI - it stands for Unified Payments Interface operated by which National Payments Corporation of India (NPCI) which went live recently. It is an application that will make money transfer as easy as sending a text message by allowing real-time money transfer. By using this application, a customer can transfer money to another person through a unique virtual address (virtual addresses are aliases to a bank account allowing a customer's account to be uniquely mapped), or mobile number, or Aadhaar number. Therefore, customers do not need to know the payee's bank account details, etc, and this will make the process simpler. It is currently available for a customer of 21 banks. UPI is a payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address' as a payment identifier for sending and collecting money and works on single click 2-factor authentication. The soft launch of UPI was announced by the outgoing Reserve Bank Governor Raghuram Rajan in April this year and was under pilot run, mainly with employee-customers, for some time. After assessing the success of pilot run, RBI had accorded its final approval for public launch of the product.
  • 25% - it is the new cap on exposure limit of banks to a single borrower group which was recently announced by Reserve Bank of India. At present banks can go up to 55% of their tier-I capital in case of infra loans. In case of individual entities the limit has been raised from 15% to 20%. The central bank also proposed to allow corporate bonds as a collateral for short term borrowings under repo- a mechanism where bonds are sold and bought back at predetermined prices. These steps have been announced to prevent banks from building up large exposures to a few big corporate and move them to bond market.
  • Rs. 70 lakhs - it is the expense limit set by Election Commission for each candidate for the Lok Sabha elections and Rs.28 lakhs for assembly polls for bigger states. For some states the limit is Rs.54 lakh and Rs.20lakh for Lok Sabha and assembly polls respectively. Till 1997 the limit was Rs.15 lakhs for LS polls and Rs.6 lakh for Assembly polls for most states. It was in the news recently after the Supreme Court ruled that the market value of the campaign materials fixed by the Election Commission is not "sacrosanct".
  • Gratuity - it is the benefit which has been extended to all government employees recruited after January 2004. The Centre and many state governments switched to the new pension scheme (NPS) from January 1, 2004 that required employees to contribute 10% of their monthly salary towards their pension with a matching contribution from the government. Gratuity is calculated as a proportion of the last salary drawn and takes into account the number of years put in by the employee. The upper limit for the gratuity was recently raised from Rs.10lakh to Rs.20lakh in line with the recommendation of the seventh Pay Commission. As per the pension department order issued recently all government employees covered by the NPS shall be eligible for the benefit of retirement gratuity and death gratuity on same terms and conditions as applicable to other employees.

Sports Updates

  • 67th - the final position achieved by India with one silver and one bronze in the medal tally of Rio Olympics. USA finished at the top of the medals tally with 121 medals which included 46 gold, 37silver and 38 bronze.
  • CAS - stands for Court of Arbitration for Sport. This was in the news recently after it set aside the decision of the Indian doping body NADA and slapped a four year ban on Narsingh Yadav.
  • Sakshi Malik - the Indian wrestler who won the India's first medal was the country's flag bearer during the closing ceremony of Rio Olympics.
  • Jitu Rai - the ace shooter of India has been conferred with the Rajiv Gandhi Khel Ratna, the country's highest sporting award. The other winners of this award are Olympic medalists P V Sindhu and Sakshi Malik alongside trail-blazing gymnast Dipa Karmakar. The Keel Rant Award is given for spectacular and most outstanding performance in the field of sports by a sportsperson over a period of four years. Apart from a medal and citation, the Keel Ratna awardee will receive a cash prize of Rs 7.5 lakh.
  • Lalita Babar - the long distance runner of India who stood 10th in the 3000m steeplechase at the Rio Olympics 2016 has been selected for this year Arjuna Award. The sports ministry announced 15 athletes for this year's Arjuna Award. The Arjuna Award is given for consistent performance over four years. Arjuna awardees will receive statuettes, certificates and cash prize of Rs 5 lakh each.
  • Bishweshwar Nandi - the name of coach of famous Indian gymnast Dipa Karmakar who has been conferred with the famous Dronacharya Award. This year's Dronacharya Award will be conferred on six coaches, the most notable among others are India Test team captain Virat Kohli's mentor Raj Kumar Sharma, Nagapuri Ramesh (athletics), Sagar Mal Dhayal (boxing), Pradeep Kumar (swimming, lifetime) and Mahabir Singh (wrestling, lifetime). The Dronacharya Award is given to coaches for producing medal winners at prestigious international sports events. Dronacharya Awardees will receive statuettes, certificates and cash prize of Rs 5 lakh each.
  • The Punjabi University, Patiala - this university was awarded the Maulana Abul Kalam Azad (MAKA) Trophy 2015-16.The overall top performing university in inter-university tournaments is presented the MAKA Trophy, award money of Rs 10 lakh and certificates.
  • Port of Spain - the venue of the fourth and final Test match between India and West Indies which was washed out after only 22 overs of play on the opening day after which four successive days were lost to a wet outfield. It is the third shortest match ever in the history of Test cricket. India ended up losing the number one spot in the ICC Test rankings. The draw benefitted Pakistan, who replaced India at the top of the ICC Test rankings, reaching the coveted position for the first time ever.
  • Pink - the colour of the ball which is being used in the day-night Duleep Trophy by the Indian Cricket Board for the first time on an experiment basis. Rs.8000 is the cost of the pink Test ball, almost four times the cost of its red variant. Adelaide hosted the first pink-ball Test in November 2015 between Australia and New Zealand. The original colour of the ball was red and it was used for Tests, first-class cricket and ODI's with swing and seam movement. The white ball was introduced in World series Cricket in Australia by Kerry Packer in 1977. In 2009 Marylebone Cricket Club picked pink as best suited for D/N Tests.

Current Affairs August 15th to August 21st 2016

International Current News

  • 41.8 million tones - it is the amount of global E-waste generated in 2014 as per the Global E-waste Monitor 2014. In the last five years global e-waste generation has gone up by 23% from 33.8 million tonnes in 2010 to 41.8 million tonnes in 2014. E-waste is a term used to cover all discarded electrical and electronic equipment and their parts.
  • Greenland sharks - they are the Earth's longest living creatures with a spine according to the first study on its lifespan. 392 years is the age of the oldest of the Greenland sharks examined after it was caught around four years ago. Greenland sharks are found in the North Atlantic.
  • July 2016 - this month has been recorded as the Earth's hottest month in modern times setting a new high mark for global heat in 137 years of record-keeping as per the report of United States government scientists released recently. July 2016 was 1.57 degrees Fahrenheit above the 20th-century average, breaking last year's record for the warmest July on record by 0.11 degrees. Scientists say the heating trend is being driven by fossil-fuel burning, and is made worse by the ocean warming phenomenon known as El Nino, which came to an end last month. July's global average of temperatures taken over land and ocean surfaces was the highest for any month in the NOAA global temperature dataset record, which dates back to 1880.The report from the National Oceanic and Atmospheric Administration came just two days after the US space agency National Aeronautics and Space Administration released its climate data, which also found July was a record-breaking month.
  • August 19 - this day is observed as World Photography Day, which aims to inspire photographers across the planet to share a single photo with a simple purpose: to share their world with the world. World Photo Day originates from the invention of the Daguerreotype, a photographic process developed by Frenchmen Louis Daguerre and Joseph Nicephore Niepce in 1837. On January 9, 1839, The French Academy of Sciences announced the daguerreotype process. A few months later, on August 19, 1839, the French government purchased the patent and announced the invention as a gift "Free to the World".
  • Airlander 10 - the name of the helium-filled airship, considered the world's largest aircraft which flew for the first time in Bedford, UK recently. The Airlander 10 is a hybrid of blimp, helicopter and airplane and has been nicknamed the 'flying bum' because of its bulbous front end. The Airlander is designed to use less fuel than a plane but carry heavier loads than conventional airships.
  • Micius - the name of the world's first quantum satellite launched by China recently in an effort to harness the power of particle physics to build an 'unhackable' encrypted communication systems. The nickname is after a 5th century BC Chinese philosopher-scientist, the satellite will be used in experiments to prove the viability of quantum technology to communicate over long distances.
  • Iran - the country whose airbase was used for the first time by Russian bombers to strike over Syria. Russia recently launched Tu-22M3 long range bombers & Su-34 frontline bombers on Syria from the Hamedan air base, 280 km southwest of Tehran. Earlier Russia's long range bombers had to be launched from 1900km away, now bombers need to fly only 640km from Iran to Syria.

National Current News

  • 2017 - it is the year from which there will be no separate Railway Budget in India putting an end to a practice that started in 1924. The finance ministry has agreed to railway ministry proposal to merge the annual exercise with the general budget.
  • 3days - it is the period fixed by the Reserve Bank of India for customers to report the unauthorized electronic transactions to get the benefit of 'zero liability' in third party frauds. This means banks will have to make goods the losses suffered by customers. In case where the victim notifies the fraud between 4 and 7 days after coming to know about it, the customer's liability will be capped at Rs.5, 000. In a draft notification issued recently RBI said that if a bank employee is responsible for the fraud the customer must get his money back irrespective of whether it is reported in time or not.
  • 66th - it is the rank of India as per report by the UN World Intellectual Property Organisation (WIPO), which calls for more transparent policies if the country aspires to become a global driver of innovation India moved up 15 spots from 81st last year to 66th this year in the overall global rankings. The top rankers are: Switzerland 1, Sweden 2, UK 3, USA 4.The Global Innovation Index 2016, released by the WIPO, Cornell University, and the multi-nation business graduate school INSEAD, said India ranks among the top 50 economies overall in two pillars: market sophistication, 33, and knowledge and technology out-puts, 43.
  • Machhli - the name of the legendary Ranthambore tigress that died recently.She was 19 years old. She is believed to have died of age-related issues. Also referred to as T 16, Machhli was probably the world's most photographed tigress. She was named Machhli because of the marks on her face that resemble a fish. She had contributed more than $10 million a year to the economy of Ranthambore over the last 10 years.
  • Bharatiya Mahila Bank - it is the wholly-owned bank by the government started in 2013 which is going to be merged with State Bank of India by March 2017. The State Bank of India recently approved the share swap ratios for the merger of five associate banks and Bharatiya Mahila Bank with itself. SBI will also issue 44.2 million shares to the government for one billion shares of Bharatiya Mahila Bank.
  • 90 paise - it is the insurance premium which will be charged by Indian Railways (IR) from September 2016 for coverage of Rs.10 lakhs. At first, insurance would be available for those who book tickets online. Later, the scheme could be extended to season ticket travellers, where for a premium of Rs 200-300, they will get annual coverage. IR has selected three insurance companies - Shriram General Insurance, ICICI Lombard General Insurance and Royal Sundaram General Insurance - for insuring its passengers. Each would get insurance policies on a rotation basis from an automated system. The railway scheme is in line with the present government's policy of affordable insurance schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana and Suraksha Bima Yojana, where for an annual premium of Rs 330 and Rs 12, respectively, consumers get coverage of up to Rs 200,000.
  • 20% - it is the hike which has been made in the pension of the freedom fighters after it was announced by the Prime Minister Narendra Modi during his address to the nation on the 70th Independence Day from the Red Fort. There are around 37,000 freedom fighters in the country. The existing dearness relief system based on All India Consumer Price Index for Industrial workers, which was hitherto applied to freedom fighter pensioners on annual basis, is being discontinued and replaced by the dearness allowance system applicable to central government employees twice a year.
  • 20ft - it is the cap on height of Dahi Handi as per the recent decision of Supreme Court. The court also directed that no one below 18 years of age can take part in human pyramids formed to celebrate Janmashtami.

Sports Updates

  • Belgium - it is the country which defeated India in the quarterfinals of the men's hockey at Rio Olympics. Eight-times gold medalist India thus blew away a great opportunity to create history after a hiatus of 36 years to climb the medal podium. Belgium on the other hand, scripted history as they progressed to the semifinals of the Olympics after a gap of 96 years.
  • 0.15 - it is the points by which Dipa Karmakar of India lost the bronze medal in the women's vault final gymnastic at the Rio Olympics. The 23-year old Dipa, who had become the first Indian woman gymnast to have qualified for the Olympics, scored an average of 15.066 points, a mere 0.15 less than the eventual bronze winner Giulia Steingruber (15.216) of Switzerland.
  • Sakshi Malik - Indian women wrestler scripted history by becoming the first woman wrestler from India to bag an Olympic medal and only fourth female athlete from the country to climb to the podium at the biggest sporting event. The 23-year-old from Haryana, a silver medalist at the 2014 Glasgow Commonwealth Games and bronze winner at the 2014 Incheon Asian Games, earned a dramatic come-from-behind 8-5 win over Kyrgysztan's Aisuluu Tynybekova to win the bronze medal in the Women's Freestyle 58 kg.
  • Nozomi Okuhara - this badminton player of Japan was defeated by P V Sindhu in the semifinal at the Rio Olympic Games recently to make her the first Indian shuttler to reach the final at the Olympics in the women's singles. The two-time World Championships bronze medalist scored a sensational 21-19, 21-10 victory over the All England champion in 49 minutes. She won silver medal after she lost to two-time World champion and top seed Carolina Marin of Spain in the finals.
  • Repechage - it is a French word which means second chance. This word came into news recently after under this the Indian wrestler Sakshi Malik got another chance to fight for bronze medal which she won. Under 'repechage' all the players defeated by the finalists on the way to finals get a chance to fight for bronze medal.
  • USA - it is the country which won its 1, oooth gold medal in Olympics history when the American's women team won the 4x100 metre medley relay race. Of the 1,000 gold medals, more than half have come from track and field (323) and swimming (246).
  • Sri Lanka - they completed a rare 3-0 sweep over Australia after left-arm spinner Rangana Herath with 7 wickets for just 64spun the hosts to a comprehensive 163-run victory in the final test in Colombo recently. Herath claimed a 13-wicket match haul to bag the man-of-the-match award while his 28 wickets from three tests also made him the obvious choice for the man-of-the-series award. Sri Lanka clinched the Warne-Muralitharan trophy in emphatic style.
  • United States - they achieved the 100 metres hurdles event's first ever Olympic podium sweep when all the three medals were won by athletes from this country itself at the Rio Olympics 2016. Brianna Rollins won the gold in a time of 12.48 seconds leading compatriots Nia Ali won silver with 12.59 seconds and Kristi Castlin won the bronze with 12.61 seconds.
  • Argentina - they defeated Belgium to claim the Olympic title and win their country's first Games medal in men's hockey. Long playing in the shadow of a much-celebrated women's team, Argentina's men will leave Rio with their first Olympic hockey medal. Belgium's sliver was their best finish at the Games in 96 years. They last took home bronze in Antwerp in 1920.
  • David Rudisha - the athlete from Kenya who became the first man in 52 years to clinch back-to-back 800m titles in the Olympics when he won the title at Rio Olympics with a timing of 1minute 42 seconds. The last man to win consecutive 800mtitles was New Zealand's Peter Snell in 1960 and 1964.
  • Joao Havelange - the former President of FIFA for two decades who transformed soccer's governing body into a multibillion-dollar business died recently. He oversaw six World Cups in 24-year term as FIFA President and led the number of team expansion in World Cup from 16 to 32 teams.

Current Affairs August 08th to August 14th 2016

International Current News

  • Nida - the name of typhoon which recently swept across many parts of southern China and Hong Kong. It was the strongest typhoon to hit the Pearl River delta in 30 years.
  • 1007 - the number of robots which simultaneously participated together in a dancing event in China to make a new Guinness World Record. Each of the 43.8 cm tall dancing were controlled by just one mobile and the event was organised by the Chinese company, Ever Win Company. The earlier record was set by Chinese company UBTECH Robotics Cor with 540 dancing robots earlier this year.
  • 13th August - this day every year is celebrated as Organ Donation Day in India by the people, government organizations and other related professions in order to motivate normal human beings to donate the organs as well as to understand the value of organ donation in the life of an individual. The organ donor can be anyone of which the organ can be transplanted to the patient urgently require. The organ donated by the normal human being is saved properly to transplant into the patient whenever he or she require. One can get the new life through the organ transplantation donated by someone.

National Current News

  • 31st October -the name of film starring Soha Ali Khan and Vir Das based on former Prime Minister Indira Gandhi's assassination that was recently cleared by the censor board. Directed by National award winning film maker Shivaji Lotan Patil, the movie is based on the aftermath of Indira Gandhi's assassination.
  • 6.5 percent -the repo rate presently which was kept unchanged by Reserve Bank of India Governor Raghuram Rajan recently in the 3rd bi-monthly monetary policy review citing upside risks to the Reserve Bank's inflation target for March 2017. Repo rate is the rate at which RBI lends to the system has been retained at 6.5 per cent, while the reverse repo rate which is paid to banks has been maintained at 6 per cent. The Cash Reserve Ratio will be at 4 per cent. On growth, RBI maintained its projection of 7.6 per cent on a gross value addition basis, saying the favourable monsoon which is 3 per cent above the average which raises agricultural growth and rural demand and higher consumption on the back of the 7th Pay Commission implementation will be aiding it.
  • Jaldoot Train - the name of train which was deployed to supply water from Miraj town to Latur in Marathwada. Since its first run in April2016 to then parched Latur, the train delivered 2.79 crore litre water to the drought-affected town till completing its 111th and last trip recently. The train, run jointly by Indian Railways and state government, filled up 50 wagons with water from Miraj junction and carried it 340-km away to Latur city on its last trip.
  • 3cm - the average growth in height of Indian men between 1914 and 2014 which has taken the average height of men in India to 165cm(5'5") while women grew taller by 5cm to take the average height to 153cm(5'1"). The men from Netherlands with average height of 182.5cm and women from Latvia with average height of 169.8cm are the tallest. These findings are based on study conducted by Imperial College, London.
  • NW1 - the name of country's first national waterway which was notified in October 1986 and its total length is 1620km. It was in the news recently after the government launched its first trial of cargo transport carrying 200 newly assembled Maruti cars and another 1000tonnes building material from Varanasi to Kolkata.

Sports Updates

  • Produnova - the high risk vault which was performed by India's gymnast Dipa Karmakar in the finals at Rio Olympics 2016. It is named after Russian gymnast Yelena Produnova who was the first person to execute the vault in 1999. It is so risky that only four gymnasts have tried it since.
  • R. Ashwin- the Indian all-rounder recently scored his fourth Test hundred, off 265 balls, and indeed his fourth against the same opposition, West Indies. He joined a select group of players - Richie Benaud (vs South Africa in 1957-58), Tony Greig (vs West Indies in 1973-74) and Ian Botham (vs Australia in 1981) - to take multiple five-wicket hauls and score multiple hundreds in the same Test series.
  • Carlos Brathwaite- the all-rounder who has been named as the new captain of West Indies T-20 team. West Indies axed their two-time World Twenty20 winning captain Darren Sammy and put fellow all-rounder Carlos Brathwaite in charge for two matches against India to be played recently in Florida.
  • Kohei Uchimura - the player of Japan who became the first gymnast in 44 years to win back-to-back Olympic all around titles recently. Uchimura became only the fourth man, and the first since his compatriot Sawao Kato in 1972, to win successive golds in the event that tests skills across six apparatus. He won with a total of 92.365. Max Whitlock become the first British man in over a century to win a medal in the event after picking up bronze with a total of 90.641.
  • Golf - the game which returned to the Olympics after a gap of 112 years. Golf was featured in the Summer Olympic Games official programme in 1900 and 1904. At the IOC session in Copenhagen in October 2009, the IOC decided to reinstate this event for the 2016 Summer Olympics.
  • Michael Phelps - he equaled the oldest record of sports, 2160 years old record when he chalked up his 12th individual Olympic swimming gold medal. Leonidas, a runner who competed between 164 and 152 BC according to Olympic historians, is the only other athlete to have won 12 solo titles. There is plenty of documentary evidence to attest to the dominance of Phelps, winner of a record 21+ golds and 25 medals in an astonishing career spanning five Games that is far from finished. The achievements of Leonidas rely on somewhat sketchier accounts, provided much later by Philostratus the Athenian and Pausanias who hailed the runner's 12 victories through four Olympiads.
  • Hanif Mohammad - the famous Pakistani cricketer also known as 'Little Master' who lasted 970 minutes in what is still the longest innings in Test history died recently in his home town in Karachi.
  • Joseph Schooling - the swimmer from Singapore who beat swimming great Michael Phelps in the 100m butterfly to win the first Olympic Gold Medal for his country. This was in news as a young boy Schooling met Phelps in 2008 and his photo with Phelps still inspires him.
  • Lionel Messi - the famous football player of Argentina who recently reconsidered his decision to quit as international player and announced that he will continue playing for Argentina's national team.

Current Affairs August 01st to August 07th 2016

International Current News

  • Delta - it is the name of the world's lightest paraglider tride that can take off and land with wheels while carrying an adult pilot. It has two rear-mounted propellers, horizontally arranged, each driven by a motor and is powered by lithium polymer batteries. The Delta has been built for the National Geographic Channel.
  • Raven Whale - the new species of Whale which has been reported from the northern Pacific Ocean. It is a black-beaked whale only rarely seen alive by Japanese fisherman which they call 'karasu', the Japanese word for raven. They have beaks like dolphins, dive several feet to feed on squid and bottom fish. The whales are elusive and can only be seen if the water is perfectly calm.
  • Uber - the US cab-hailing firm recently winded up its business in China to put its India expansion plan in top gear. Uber will be the third American technology behemoth after Amazon and Apple to double down on India, after having failed to make a breakthrough in China.
  • Moon Express - the private firm which has received a license from the US's Federal Aviation Administration to launch a spacecraft and land on the moon in 2017. So far, there been no private space missions beyond the Earth's orbit. The farthest commercial venture have so far gone up to 22,236 miles, the geosynchronous orbit to place the telecommunication satellites that fly above the earth.
  • The Google Lunar X Prize - the $20 million reward, is to incentivize space entrepreneurs to create an era of affordable access to space. The competition's prize goes to the first team to land a privately funded rover on the moon, travel 500m and transmit HD videos and images.

National Current News

  • 60/40 - it is the admission formula which was scrapped recently by the Joint Entrance Examination Apex Board(JAB) for admission to the 31 National Institutes of Technology(NIT), Indian Institute of Engineering Science and Technology(IIEST-Shibpur, IIITs and government institutes. Now the minimum qualification criteria would be 75% marks in higher secondary (HS) exam or rank among the top 20 percentile in their board exams.
  • 15years - it is the period for which NITI Aayog is likely to form a committee of experts to estimate the demand for food supplies and chart out a roadmap to meet the requirement. This was finalised in a meeting of Niti Aayog chaired by Prime Minister Narendra Modi. The Aayog was asked to adjust food production targets based on public consumption trends as it would help prioritize what would be required in future, considering the implications of an evolving middle class in India.
  • Universal banks - these banks in the private banks are the one for which the Reserve Bank of India released the final guidelines for their on-tap licensing, under which it ring-fenced the banking system from large industrial houses, excluding them from floating banks in the future. But conglomerates have been allowed to hold up to 10 per cent in the lenders. For this purpose, RBI defined large group NBFC as an entity which is a part of a group having total assets of Rs 5,000 crore (Rs 50 billion) or with the non-financial business of the group not accounting for 40 per cent or more in terms of total assets or gross income. The minimum paid-up equity capital for a bank would be Rs 500 crore (Rs 5 billion). The bank shall open at least 25% of its branches in un-banked, rural centres.
  • Rs. 10,000 - it is the fine for drunken driving which has been proposed in the Motor Vehicle (Amendment) Bill 2016 which was approved by Government recently. The bill also has provision of up to Rs. 10 lakh compensation in case of road fatality and Rs 2 lakh compensation for hit-and-run cases. The proposals are based on the recommendations of transport ministers from 18 states, and the bill includes penalties in the range of Rs 1000-Rs 4000 for over-speeding. As per the bill, driving without insurance will be punishable with Rs. 2,000 fine and/or three-month imprisonment, while driving without helmets will attract Rs. 2,000 fine and 3-month suspension of licence. The provisions also include that guardian/owner will be deemed to be guilty in case of road offence by juveniles while registration of the vehicle will be cancelled.
  • April 1, 2017 - it is the target date for rollout of the Goods and Services Tax as per the detailed roadmap for its implementation unveiled by government recently. The government also said it is aiming for an 'optimal' rate of taxation though the final decision will be taken by the GST Council. Once implemented, the GST will subsume various taxes, including excise, services tax, octroi and other levies and the proceeds will be shared between the Centre and states.
  • 7th August - this day is celebrated every year as National Handloom Day. This day is celebrated to mark the 1905 Swadeshi movement. It was on August 7, 1905 that the formal proclamation of the Swadeshi Movement was made in a meeting at the Calcutta Town hall. The movement involved boycotting British products and the revival of domestic products and production processes.

Sports Updates

  • Novak Djokovic - the tennis player of Serbia who won the men's singles title of Rogers Cup after defeating Kei Nishikori of Japan in Toronto recently. Djokovic clinched his 30th ATP World Tour Masters 1000 title. He also became the first four-time winner of the Rogers Cup.
  • Tuvalu - the country which is being represented by the smallest delegation of just one person in the Rio 2016 Olympics. Sprinter Etimoni Timuani will carry the flag at the opening ceremony for the South Pacific nation of Tuvalu, the smallest delegation at Games in Rio de Janeiro. Comprising of just nine islands, Tuvalu ranks as the fourth smallest country on the planet in terms of land mass, and was formerly known as the Ellice Islands before gaining independence from Great Britain in 1978.
  • Gaurika Singh - she is the youngest athlete at Rio 2016. She is just 13-year-old, lives in London and will represent Nepal at the Olympic Games. She will compete in the women's 100m backstroke. Her personal best is one minute, 8.12 seconds. The fastest competitor in the event, London 2012 silver medallist Emily Seebohm of Australia, is 11 years older than Singh and enters the heats with the top time of 58.26 seconds.
  • 206 - the number of countries which are participating in the 2016 Olympic Games at Rio, Brazil. There are a total of 306 events in 42 disciplines which are being played at 37 venues with 11,239 participants.
  • Virginia Thrasher - the player of USA who won the first gold medal of the Rio 2016 Olympic Games after she won the women's 10m air rifle event. Being the first champion of the 2016 fames she was awarded the medal by IOC President Thomas Bach.
  • Roston Chase - he was adjudged Man-of-the-match for his all-round show in the second Test match between West Indies and India at Jamaica. He took 5-121 with his off-spin in the India innings, before showing his class with the bat when he scored a century. He became just the fourth West Indies player to score a century and take five wickets in the same Test, and the first to do so in 50 years. Gary Sobers, the only player to accomplish the feat twice, last achieved that double in 1966.
  • Rangana Herath - he is the Sri Lankan bowler who recently claimed a hat trick. He became only the second Sri Lankan cricketer to claim a Test hat-trick on the second morning of the second Test against Australia recently. The left-arm spinner dismissed Adam Voges, Peter Nevill and Mitchell Starc off successive deliveries to achieve the feat in the second match of the three-test series at Galle as the visitors folded for 106 in 33.2 overs, their lowest score against Sri Lanka, who grabbed a 175-run first innings lead. Former paceman Nuwan Zoysa was the first Sri Lankan to claim a Test hat-trick, against Zimbabwe in a 1999 match at Harare.
  • KL Rahul - he became the first Indian opener to score ton on debut in West Indies. The previous highest was 96 scored by Ajay Jadeja in St John's in 1997. KL Rahul became the fifth Indian player to score a hundred in his maiden innings in West Indies. His knock of 158 is the highest among the five.
  • Abhinav Bindra - India's only individual Olympic gold medalist who was India's flag bearer at the Rio Olympics 2016. He is representing India in his fifth Olympics.
  • Leander Paes - India's ace tennis player earned the distinction of representing India in maximum number of the Olympic Games. Rio is his 7th games, one more than shooter Randhir Singh.
  • Dipa Karmakar - the Indian gymnast who scripted history as she became the first Indian to make the cut for the individual vault finals in her debut Olympic Games after finishing 8th in the qualifying round in Rio de Janeiro recently. The Tripura-girl, who is the country's first woman gymnast to qualify for the Olympics, managed to perform her much-appreciated 'Produnova' vault cleanly to secure 14.850 points after two attempts.
  • Talimeran Ao - he was the flag bearer of independent India's first contingent at the Olympic Games. The Nagaland-born-football team captain was the flag bearer at the 1948 Olympic Games at London, the first to be held after a gap of 14 years on account of the Second World War.
  • Shiny Wilson - she was the first Indian woman flag bearer at the Olympic Games. In 1992 at Barcelona the athlete earned this great distinction.
  • Nita Ambani - she is the first Indian woman to be elected as International Olympic Committee member. An Indian businesswoman and owner of the Mumbai Indians Indian Premier League franchise, she was among eight new members elected to the IOC recently on the eve of the Rio de Janeiro Olympics. The eight new members bring the total number of IOC members to 98.


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