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Current Affairs Daily Updates 27 August 2016

Current Affairs Daily Updates 27 August 2016

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  • Tunisian Gives Vote of Confidence
    • Tunisia parliament has passed a confidence vote in the Government of National Unity.
    • The government of PM Youssef Chahed was supported by 167 of the 217 members of parliament.
    • Chahed was appointed to the post of Prime Minister by Tunisian President Beji Caid Essebsi.
    • The move came after the majority of lawmakers in the Tunisian parliament passed a vote of no confidence in premier Habib Essid.


  • Japan Scientist Detect Rare Earth Tremor
    • Scientists in Japan studying earthquakes have detected a rare deep-Earth tremor, known as an S wave microseism, for the first time.
    • The findings, published in the US journal Science, could help experts  to improve detection of earthquakes and oceanic storms.
    • Microseisms are very faint tremors.
    • S waves refer to secondary waves, which are slow and move only through rock, not liquid.


  • Italy Declares State of Emergency
    • Italy has declared a state of emergency in the regions worst hit by earthquake.
    • The Italian Council of Ministers approved a state of emergency for the regions affected by the earthquake.
    • Prime Minister Matteo Renzi has pledged €50m (£42m) in funds for rebuilding.
    • At least 268 people are now known to have died and 400 were injured.
    • Teams have continued to search the rubble of toppled buildings.


  • India ranks 77th on World Risk Index
    • India has been ranked 77th on the World Risk Index, topped by Island state of Vanuatu.
    • The World Risk Report 2016 published by the UNU Institute for Environment & Human Security.
    • The Index ranks 171 countries according to their risk of becoming a victim of a disaster as a result of natural hazards.
    • Pakistan ranks 72th while Sri Lanka and Bangladesh at 63rd and 5th position respectively.


  • Forbes List Of Most Innovative Comp
    • Forbes has released a list of 100 ‘The World’s Most Innovative Companies’.
    • These 100 companies ranked on the list are based on their creative disruption, potential for innovation and investor interest.
    • Tesla Motors tops Forbes’ sixth annual list of The World’s Most Innovative Companies.
    • Asian Paints at number 18 is the highest-ranked Indian company on Forbes’s list.


  • Maharashtra to Tie up with Corporates
    • The Maharashtra govt has announced a public-private partnership model for their initiative ’mission transform’ of 1,000 most backward villages across the state.
    • The corporate sector & non government organisations (NGOs)& the state govt will come together under a trust.
    • It will have its own corpus and be listed under the Companies Act.
    • The state government will provide 50 per cent of the funds.


  • Bengaluru to Host Pravasi Divas
    • The 14th edition of Pravasi Bharatiya Divas will be held in Bengaluru.
    • It will be organized between Jan 7 to 9, 2017 & around 3,000 people are likely to participate in the event.
    • There would also be a Youth Pravasi Bharatiya Divas on January 7.
    • Pravasi Bharatiya Divas is celebrated in India each year to mark the contribution of the overseas Indian community to the development of India.


  • Mamata Unveils Mother Teresa’s Statue
    • A life size bronze statue of Mother Teresa was unveiled on her 106th birth anniversary by West Bengal CM Mamata Banerjee at Archbishop’s House in Park Street.
    • The inauguration of the statue comes ahead of her Canonisation on September 4th.
    • The statue has been donated by industrialist & philanthropist, Mr Namit Bajoria who is the Designate Honorary Consul of Republic of Macedonia in Kolkata.


  • POSCO e-box Launched to Protect Children
    • Union Minister Maneka Gandhi has launched an online complaint box for reporting child sexual abuse.
    • The Protection of Children from Sexual Offences (POCSO) e-Box is an online complaint management system for reporting sexual offences against children.
    • The facility is available on the NCPCR website.
    • Any child or adult who wants to complain about a child who is being molested can avail of this.


  • Sri Lanka’s Tillakaratne Dilshan Retires
    • Sri Lanka’s Tillakaratne Dilshan will quit international cricket after the ongoing limited overs series against Australia.
    • Dilshan will retire from the One-Day Internationals after the third match in Dambulla.
    • He  made his one day debut against Zimbabwe in 1999 and has, so far, played 329 ODIs.
    • He has amassed 10,248 runs that include 22 hundreds.


  • Saina Nehwal Drops 4 Places to be 9th
    • Ace Indian shuttler Saina Nehwal has dropped four places in the latest world rankings to be at the number nine spot.
    • PV Sindhu remained world number 10.
    • Sindhu won India’s only silver medal in Rio after beating three higher-ranked players.
    • In the Men’s rankings, Kidambi Srikanth, who lost to Lin Dan in the quarterfinals at Rio, gained a place to break into the top 10.
  • Ronaldo Crowned UEFA Best Player
    • Real Madrid superstar Cristiano Ronaldo has won the UEFA Best Player in Europe Award.
    • Ronaldo received the accolade for the second time in his career after finishing ahead of Real team-mate Gareth Bale and Atletico Madrid’s Antoine Griezmann.
    • The award was voted for by journalists from each of UEFA’s 55 member associations.
    • Norway striker Ada Hegerberg won the women’s award.


  • HDFC to Issue NCDs Worth Rs. 500 CR
    • HDFC Ltd will issue bonds worth Rs. 500 crore  to meet its long-term capital requirements.
    • HDFC will issue secured redeemable non-convertible debentures on a private placement basis.
    • The object of the issue is to augment the long-term resources of the corporation.
    • The proceeds of the present issue would be utilised for financing the housing finance business requirements of the corporation.
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  • Karnataka Bank Launches UPI App
    • Karnataka Bank has launched ‘KBL-SMARTz’, a mobile app.
    • It was built on the unified payments interface (UPI) platform of the National Payments Corporation of India (NPCI).
    • Fund transfer can be done through this app without revealing personal details.
    • Customers across UPI member banks to pay & collect money from their smartphones without entering any bank account information.


  • SBI, ICICI Bank are Too Big to Fail: RBI
    • State Bank of India (SBI) & largest private sector lender ICICI Bank continue to be domestic systemically important banks.
    • The Reserve Bank of India (RBI) classification means their collapse could have a cascading impact on the entire financial system and the economy.
    • This is a repeat of a similar classification for both these lenders, made by the central bank in August last year.


  • Huawei Sets Up Project Support Centre
    • Chinese telecom gear maker Huawei has launched its largest global service centre (GSC) in India.
    • It was set up with an initial investment of Rs 136 crore.
    • The facility will handle the highest number of projects compared to its other three GSCs in China, Romania and Mexico.
    • Huawei has hired over 1,000 engineers to work at this centre.


  • Govt Extends Export Benefits on Onion
    • Govt has decided to extend export duty benefits to onion to arrest steep fall in onion prices.
    • The duty benefits for export of onions will be available till Dec
    • Farmers in Maharashtra & M.P. are among leading onion-producing states.
    • They have taken to distress sale of the bulb due to higher supply.


  • World Bank Sanctions Rs 980 CR to Desilt
    • The World Bank has sanctioned Rs 980 crore to dredge the Brahmaputra.
    • It is an initiative to develop waterways to Bangladesh and to other South East Asian countries in a bid to boost trade and industry in the Northeast.
    • It will lead to a reduction in the cost of transportation of goods and will ultimately result in Assam becoming a export hub for the South East Asian countries.


  • Nagaland Assembly Ratifies GST Bill
    • The Nagaland Legislative Assembly has ratified the Goods and Services Tax (GST) Constitution Amendment Bill.
    • The bill was introduced Minister for Parliamentary Affairs Kiyanilie Peseyie.
    • The ratification of the crucial GST bill has reached half way mark as eight states ratifying.
    • The bill needs to be ratified by the sixteen states before it can be sent for president assent.


  • RBI Asks Banks to Provide Loans to Women
    • RBI has asked banks to provide loans to women self-help groups in rural areas at 7 per cent per annum.
    • This was as per the government’s revised guidelines for the current financial year.
    • Women self-help groups (SHGs) will be eligible for interest subvention on credit up to three lakh rupees at 7 per cent per annum.
    • They will be provided under the Deendayal Antyodaya Yojana in 250 districts.


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