Daily Current Affairs Updates–29th August 2016

    Daily Current Affairs Updates–29th August 2016:
    Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.

    29th August – National Sports Day to mark Dhyan Chand’s b’day:

    ·       National Sports Day in India is celebrated on August 29 to markhockey legendDhyan Chand’s birthday.
    ·       Dhyan Chand, considered asthe greatest player in hockey, played a key role in India’s three consecutive Olympic triumphs in 1928, 1932 and 1936. Notably, the government gives away awards such as Rajiv Gandhi Khel Ratna, Arjuna and Dronacharya Awards on this day.
    Tourism Ministers of BRICS nations to meet in MP:

    ·       TheTourism Ministers of BRICS countries will meet inMadhya Pradesh’s temple cityKhajuraho for a two-day long conference from September 1.
    ·       During the conference, several presentations will be made and group discussions onInter-Regional Tourism Promotion will be held. Further, a session on implementing technology and innovation in the sector will be held along with various cultural programmes.
    Govt may relax ‘creamy layer’ norms for OBCs:

    ·       The Social Justice Ministry is working on proposals to relax the annual income limit of‘creamy layer’ OBCs toRs.8 lakh against the present Rs.6 lakh limit, according to reports.
    ·       Around27% seats in government jobs and educational institutions are currently reserved for OBCs having an annual income belowRs.6 lakh. Reportedly, only12-15% of the quota gets utilised now.
    India ranks 77th on 2016 World Risk Index:

    ·       India has been ranked77th among the171 countries in the 2016World Risk Index (WRI).
    ·       The index was released as part of the World Risk Report 2016 released by theUnited Nations University Institute for Environment (UNUIE) and Human Security (UNU-EHS) and Bundnis Entwicklung Hilft in cooperation with the University of Stuttgart in Germany.
    Mufti launches Centre’s UJALA scheme in J&K:

    ·       Jammu and Kashmir Chief MinisterMehbooba Mufti has launched the Centre’sUJALA scheme in the state with the distribution of LED bulbs to the people.
    ·       Under the scheme, consumers can buyfive LED bulbs at Rs.20 each by showing monthly electricity bills or ID cards. Prime Minister Narendra Modi had launched theNational LED programme in 2015.
    President Pranab Mukherjee to present national sports awards at Rashtrapati Bhawan- 4 Khel Ratnas awarded in a year for the first time:

    ·       President Pranab Mukherjee will give away the national sports awards at Rashtrapati Bhawan today on the occasion ofNational Sports Day. The day is celebrated to honor legendary hockey player, Major Dhyan Chand Singh who was born on29th August, 1905.
    ·       AIR correspondent reports that Rio Olympics Silver MedalistPV Sindhu, Bronze medalistSakshi Malik, GymnastDipa Karmakar andShooter Jitu Rai will be conferred with the Rajiv Gandhi Khel Ratna Awards.
    ·       The Award is given for the most outstanding performance by a sportsperson over a period of four years. Six coaches will be honoured withDronacharyaAwards.
    ·       Arjuna Award was also given to15 sportspersons which included the likes of Olympian runner Lalita Babar, cricketer Ajinkya Rahane, boxer Shiva Thapa and wrestler Vinesh Phogat.
    HRD Minister Javadekar inaugurates IIT-Dharwad:

    ·       Union HRD Minister Prakash Javadekar has inauguratedIIT Dharwad (Karnataka), which had started functioning from August 1 with 120 students from a temporary structure.
    ·       “I assure that the IIT in Dharwad will become a model for other IITs in the country,” Javadekar said. The institute, spread across 470 acres, will be mentored by IIT-Bombay for the next three years.
    1.25 bn Indians will always stand by Myanmar: PM

    ·       Prime Minister NarendraModi today held bilateral talks with MyanmarPresident Htin Kyaw, assuring him that 1.25 billion Indians will always stand by Myanmar as partners and friends.
    ·       “Myanmar is special for us. It holds a unique position in India’s neighbourhood,” he said. This is the first top-level engagement between the two nations since Myanmar’s new government took over.
    India, US targeting trade worth $500 bn:

    ·       India and the US are targeting to increase their bilateral trade to$500 billion from the current$100 billion annually, a PwC andIndo-American Chamber of Commerce report stated.
    ·       Further, 10 sectors including defence will strengthen India’s position as a global business hub, it added. With activities at record levels, India will remain a preferred investment destination, an official said.
    North Korea warns US over ‘deliberate provocations’:

    ·       North Korea warned theUnited States and South Koreaagainst “deliberate provocations” by aiming their lighting equipment at its guard posts in the demilitarised zone dividing the two Koreas.
    ·        North Korea threatened to aim fire at the lighting equipment claiming it threatened its troops’ safety. Notably, hostile acts are banned in the demilitarised zone under a 1953 armistice.
    China launches state-owned aircraft engine maker:

    ·       China has merged smaller businesses with over96,000 employees to launch a$7.5 billion state-owned aircraft engine maker, to focus on designing and testing aircraft engines, Chinese state-run media said on Sunday.
    ·       Earlier, Chinese aircraft used engines made byRolls-Royce​ among others. This reportedly is aimed at developing competitive Chinese products and services for international markets.
    Turkish army kills 35 civilians in Syria:

    ·       35 civilians were killed and 70 others injured in shelling and air strikes by the Turkish military in Syria.
    ·       25 Kurdish militants also killed in the air strikes. Turkey’s army and its allies have also reportedly taken control of at least four villages and one town from Kurdish-led forces in northern Syria yesterday.
    ·       Turkey’s State news agencyAnadolu said that the dead militants were members of theTurkey-based Kurdistan Workers Party (PKK) and the Syrian Democratic Union Party (PYD).
    Russia lifts ban on charter flights to Turkey:

    ·       Russia haslifted its ban oncharter flights to Turkey, according to the Russian government’s website. Russia had banned such flights after a Russian air force jet was shot down by the Turkish military last November.
    ·       Turkish PresidentTayyip Erdogan has since apologised for the incident and the leaders of the two countries have reportedly started restoring bilateral ties.
    China starts cargo train service to Russia:

    ·       China has launched acargo train service toRussia in an attempt to improve trade and commerce with the country.
    ·       This will reportedly save 30 days in transport time compared to shipping services and will cost 20% of standard air transportation. This is a part of China’s multi-billion dollar project to revive the ancient Silk Route.
    Usain Bolt was appointed as ‘Chief Speed Officer’ by Digicel:

    ·       Nine-time Olympic gold medalist Usain Bolt has been appointed as the‘Chief Speed Officer’ in a lifetime deal with Caribbean cell carrierDigicel.
    ·       Bolt will help Digicel market products, publicise partnership initiatives and hold mentorship sessions for young athletes. “They have been there for me since I was 17 years old and now we will be together forever”, Bolt said.
    ‘RBI, Sebi should intervene to stop SBI merger’:

    ·       TheState Bank of Travancore Employees Union on Monday urged the Centre not to go ahead with the merger of SBT and other associate banks with SBI, and askedRBI andSEBI to intervene.
    ·       The government should consider the views of the people, and the stakeholders, the union stated. The SBI had earlier approved the merger with its associate banks.
    ·       The Union also decided to intensify its agitation with a relay hunger strike in September last week at Delhi, Raj Bhavan march in October and Parliament Maha dhara in November.
    Big Bazaar’s e-commerce platform to shut down:

    ·       Future Group-owned online platform to buyBig Bazaar products,‘Big Bazaar Direct’is shutting down next week following losses, the Group’s Founder and CEOKishore Biyani has confirmed. “I attempted e-commerce four times in my life.
    ·       We started FutureBazaar way before Flipkart. We lost Rs.300-350 crore in business. Then, we created Big Bazaar Direct…We lost there as well, said Biyani.
    Tata launches research alliance with global institutes:

    ·       Indian conglomerateTata Group has launched a collaboration with leading academic universities including Ivy League Yale and Harvard, which will focus on research and application in fields like network science, and healthcare.
    ·        Tata will provide funds worth over$25 million for this. “We are engaging with the best research institutions… to enable sustainable market development”, Tata stated.
    Bharti Airtel cuts 3G and 4G prices by up to 80%:

    ·       Telecom operatorBharti Airtel has slashed its4G and 3G mobile internet charges by up to 80% to as low asRs.51 per GB under a special scheme.
    ·       These prepaid packs are live in Delhi and will get launched across circles by August 31, a company statement read. Notably, this comes ahead of the upcoming commercial launch ofReliance Jio.
    LIC to fill posts for 2 MDs, yet to name chairman:

    ·       State-owned life insurerLIC, which is yet to name a chairman after the incumbentSK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which eight EDs have been called for interviews.
    ·       The top LIC management consists of the chairman and three MDs. Currently, there are two managing directors –VK Sharma and Usha Sangwan – as the government is yet to name the replacement forSB Mainak, who retired early this year.
    Morgan Stanley sees 40 million users of Reliance Jio next fiscal:

    ·       Remaining bullish overall onReliance Industries BSE 0.83 %, leading merchant banker Morgan Stanley says it expects the Jio 4G telecom services to grow to 40 million subscribers in the next fiscal and add$2 billion in revenues, with a positive cash flow by 2019-20.
    ·       “We expectReliance Jio to generate more than $2 billion revenues in 2017-18 with revenue market shares of 2 per cent in voice and 19 per cent in data, leading to a 6 per cent overall revenue market share,” Morgan Stanley  Research said in its latest report.
    GST: A high standard rate would impact prices and hamper acceptance:

    ·       In a historical move for the country, the122nd Constitutional Amendment Bill to introduce theGoods and Services Tax (GST) was unanimously passed by Parliament this session.
    ·       Widely believed to be the most important tax reform since 1991, the GST will transform India into a unitary market, lower transaction and logistics costs, spread the tax net wider and propel investments and growth.
    President re-promulgates Ordinance to amend Enemy Property Act:

    ·       President Pranab Mukherjee on Sunday night re-promulgated an Ordinance to amend theEnemy Property Act (Eviction of Unauthorised Occuants Act of 1971 pending ratification by Council of States (Rajya Sabha).
    ·       The original Ordinance was promulgmated on January 7 this year. It was passed by the Lok Sabha in January and was subsequently referred to Select Committee of the Rajya Sabha.
    ·       The third Ordinance incorporating the amendments suggested by the Rajya Sabha Select Committee was promulgmated by Mr. Mukherjee on May 31.
    Maharashtra legislature to ratify GST Constitution Amendment Bill:

    ·       The Maharashtra legislature will have special one-day session today to ratify the Goods and Services Tax (GST) Constitution Amendment Bill passed by the Parliament.
    ·       In the 288-member Maharashtra assembly, the BJP and Shiv Sena alliance has a majority of 185.
    ·       With the opposition Congress and Nationalist Congress Party (NCP) in favour of GST, the state legislature is set to ratify the bill unanimously.
    ·       Congress and NCP held a meeting in Mumbai Yesterday to apprise its MLAs and MLCs of the provisions of the GST. AIR correspondent reports that the parties have demanded a discussion on the provisions of GST in the house today.
    NASA ends year long Mars simulation on Hawaii:

    ·       NASA has ended its yearlong Mars simulation onHawaii. A team of six people have completed a Mars simulation in Hawaii, where they lived in near isolation for a year.
    ·       Since 29 August 2015, the group lived in close quarters in a dome, without fresh air, fresh food or privacy.
    ·       The NASA funded study run by the University of Hawaii is the longest of its kind since a Russian mission that lasted 520 days.
    Indian startup to launch smartphone at Rs.501:

    ·       Indian startup ChampOne Communications is launching a smartphone named ‘ChampOne C1’ at a price of Rs.501 through a flash sale on September 2.
    ·       However, the current price is for sales promotion only and once the device is launched nationwide, it will cost nearly Rs.8,000. It comes with 5-inch display, fingerprint sensor, 2 GB RAM and 16 GB of internal memory.
    Rain ruins Final T-20 international between India, West Indies:

    ·       Chasing144 to win and level the series,India were 15 without loss whenrain stopped play in the second andfinal Twenty-20 cricket international, Lauderhill, USA today.
    ·       India bundled out West Indies for 143 in 19.4 overs after electing to bowl. The match has already suffered a 40-minute delayed start due to technical reasons.
    ·       Openers Rohit Sharma (10) and Ajinkya Rahane (4) were at the crease for India.
    Former hockey players protest, demands Bharat Ratna for Major Dhyan Chand:

    ·       As many as 100 former hockey players and former hockey federation members staged a protest atJantar Mantar in New Delhi yesterday, demandingBharat Ratna for legendary hockey playerMajor Dhyan Chand.
    ·       Speaking to media, Ashok Kumar, son of the legendary player, said his father was inspiration for a number of players who won Arjuna award, Padma award and Khel Ratna.
    Anti-Putin journalist found dead on his birthday:

    ·       Russian journalistAlexander Shchetinin who has been critical of President Vladimir Putin was found shot in the head in his apartment in Kiev on his birthday.
    ·       Police said Shchetinin may have committed suicide as his apartment room was locked from the inside. Reportedly, the journalist is known for calling himself the President’s “personal enemy”.



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