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CURRENT AFFAIRS: NATIONAL
IIM & IIT Indore's i5 Summit to be held on 18-19 August 2018
The i5 Summit 2018, an entrepreneurship summit organised by IIM and IIT Indore, will be held at IIM Indore from 18 to 19 August this year.
With over 5,000 attendees and 30 investors, startups participating in the event's 'Get Funded' program have already raised over ₹140 million.
This year's speakers include ShopClues and Droom founder Sandeep Aggarwal among others.
Indian, Singapore navies to commemorate 25th anniversary of maritime bilateral exercise
The navies of India and Singapore will conduct joint exercises next month to commemorate the 25th anniversary of the maritime bilateral relations between the two countries.
The bilateral naval exercise will be the longest uninterrupted naval exercise that India has with any country in the world.
The two nations are working together in the fields of technology and innovation solutions for the weak and vulnerable.
Singapore Prime Minister
Lee Hsien Loong
Ayushman Bharat scheme to be launched on September 25
Prime Minister Narendra Modi is likely to announce the launch of the Ayushman Bharat-National Health Protection Scheme (AB-NHPS), which aims to provide a medical coverage of ₹5 lakh a family every year.
The scheme, estimated to benefit more than 10 crore poor families, will be implemented on a pilot basis in select States.
The nationwide rollout will be in September-end.
The Centre has allocated about ₹10,000 crore for the project, which is claimed to be the world’s largest government-funded healthcare insurance programme.
However, it is yet to release its share of the funds to the participating States.
CURRENT AFFAIRS: INTERNATIONAL
Vienna named world's most liveable city, Melbourne at 2nd
Austria's capital Vienna has topped the Economist Intelligence Unit's Global Liveability Index for the first time, beating Australian city Melbourne, which had topped the list for the past seven years.
Syrian city Damascus was placed at the bottom of the list, while Bangladesh's capital Dhaka and Nigeria's Lagos were placed at the second last and third last position respectively.
Austria Prime Minister
CURRENT AFFAIRS: BANKING AND FINANCE
Canara Bank to hire social media agency for customer outreach
Canara Bank plans to hire a social media agency as part of its brand promotion and to reach customers in a better way.
The bank is looking for a social media service provider who can assist in creating and managing a strong social media presence as per the prevailing market trend and requirements of the bank
Currently, the bank’s marketing and retail resources wing uses manual methods for managing its social media accounts.
The agency will have to manage the bank’s account on Facebook, Twitter, YouTube, LinkedIn, Instagram as also the blogs.
Canara Bank Headquarters
Canara Bank Tagline
Together we can
Canara Bank MD and CEO
NPCI launches UPI 2.0 with overdraft facility
The National Payments Corporation of India (NPCI) launched Unified Payments Interface (UPI) 2.0, which among others allows customers to link their overdraft account to UPI, creation of one-time mandates and pre-authorisation of transactions for payment at a later date, and checking the invoice sent by merchant prior to making payment.
UPI is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
NPCI is an umbrella organization for all retail payments in India. UPI version 1 was launched in April 2016.
NPCI MD and CEO
Bharti Axa ties up with Airtel Payments Bank to offer Jeevan Jyoti Bima
Bharti Axa Life Insurance and Airtel Payments Bank entered into an alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), a government-backed life insurance scheme.
The alliance will leverage Airtel Payments Bank’s vast network to reach deep rural pockets and serve the under-insured.
With this, Airtel Payments Bank also becomes the first payments bank in India to offer the Government of India-backed life insurance scheme.
The product (PMJJBY) provided by Bharti Axa Life Insurance offers Rs 2 lakh life insurance cover for a nominal premium of Rs 330 per annum and can be purchased by all existing or new Airtel Payments Bank savings bank account holders between the ages of 18-50.
Airtel Payments Bank Headquarters
Airtel Payments Bank MD and CEO
Bharti Axa Life Insurance Headquarters
Bharti Axa Life Insurance CEO
CURRENT AFFAIRS: APPOINTMENTS
Mario Abdo Benítez sworn in as new President of Paraguay
In Paraguay, Mario Abdo Benítez has been sworn in as the new President after defeating his liberal rival in April elections.
Abdo Benítez is the son of a close aide to ex-military dictator Alfredo Stroessner, and has faced criticism for defending the former leader's record. He replaces Horacio Cartes.
Th 46-year-old Mario says he will take a law-and-order stance and implement business-friendly policies. Paraguay has enjoyed strong economic growth in recent years
Mario Abdo Benítez
CURRENT AFFAIRS: MOBILE APP AND PORTAL
CJI launches mobile apps for e-filing of cases
Chief Justice Dipak Misra inaugurated the apps along with Union Law and Justice Minister Ravi Shankar Prasad, who also holds the portfolio for Information Technology, and Justices Madan B. Lokur and A.M. Khanwilkar
In a “giant leap” towards a litigant-friendly court system, Chief Justice of India Dipak Misra heralded the launch of a host of smartphone apps to help litigants, including convicts, from all parts of the country file cases and even make e-payments to courts.
The services provided by the apps, include e-filing along with user manual, e-payment options, National Service and Tracking of Electronic Processes (NTSEP), Supreme Court Legal Services Committee and awareness guide for services offered by the e-courts programme.
CURRENT AFFAIRS: SPORTS
Nihal Sarin becomes India’s 53rd Grandmaster
Nihal Sarin became India’s 53rd Grandmaster after attaining his third and final GM-norm in the Abu Dhabi Masters.
Having already reached the stipulated rating of 2500, Sarin has now met the requirements to be a Grandmaster.
Sarin made his first norm in the TV2 Fagernes GM International Open in Fagernes, Norway, in April last year.
The Thrissur boy gained his second GM norm in March this year, during the Reykjavik Open where he made the grade with two rounds to spare.
CURRENT AFFAIRS: OBITURIES
Former India Test captain Ajit Wadekar passes away
Former India Test captain Ajit Wadekar, who led the country to its first win in England in 1971, passed away at 77.
Wadekar made his debut in 1966 against the West Indies and went on to represent India in 37 Tests and two one-day internationals.
He was one of the few cricketers to represent the country as a Test player, captain, coach and also went on to become the chairman of selectors.