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CURRENT AFFAIRS 22 AUGUST 2017

NATIONAL AFFAIRS

Delegation of Powers to Border Roads Organisation (BRO):
On August 20 2017,The Ministry of Defence has decided to delegate administrative and financial powers to the Border Roads Organisation (BRO) to overcome delays in the construction of strategic roads along the India-China border.
According to the references between the Chief Engineer and HQ DGBR and also between HQ DGBR and the Ministry, the defence ministry has assigned more administrative and financial powers to the Border Roads Organisation (BRO) for increase the speed to complete the projects.

8th World Renewable Energy Technology Congress in Delhi
On August 21, 2017,The Minister of State for Power, Coal, New and Renewable Energy and Mines (Independent Charge) Shri Piyush Goyal addressing the 3- day 8th World Renewable Energy Technology Congress in New Delhi.
The Energy And Environment Foundation would be organizing 8th World Renewable Energy Technology Congress & Expo-2017 from 21st to 23rd August, 2017 at the Expo & Convention Centre, Manekshaw Centre, Delhi Cantt, Delhi, India.
The theme of the conference is “Renewable Energy: What Works”.

Dr. Jagdish Mukhi commissioned IN LCU L52, Second Ship of Landing Craft Utility into the Indian Navy at Port Blair
On August 21, 2017 Dr. Jagdish Mukhi, Lieutenant Governor, Andaman and Nicobar Islands, commissioned IN LCU L52 into the Indian Navy at Port Blair. IN LCU L52 is the second Landing Craft Utility (LCU) Mk-IV class .
The remaining of six ships with the same class at M/S GRSE, Kolkata are expected to be inducted in the next two years. The induction of these ships will contribute to the nation’s maritime security needs and is in consonance with ‘Make in India’.

40% reservation for girls at planned schools, higher edu inst.
Union minister Mukhtar Abbas Naqvi has informed that the government has decided to offer 40 per cent reservation for girls at 100 Navodaya-type schools and five higher education institutes.
1.A panel formed by The Maulana Azad Education Foundation (MAEF), a government-funded agency, had recommended a three-tier model to tackle educational backwardness among minorities, particularly the Muslims.
2.There are six notified minority communities in the country: Muslims, Buddhists, Christians, Sikhs, Parsis and Jains.
3.Multi-sectoral development programme (MsDP) is for developing infrastructure and creating assets in areas dominated by minority community with an aim to take tangible and intangible benefits to them.The governments in Rajasthan and Uttar Pradesh have expressed interest in setting up the institutes for higher education.

Assam Plans To Introduce Compassionate Family Pension Scheme
On August 20,2017 Assam state government is introducing a new Scheme called, Scheme for Compassionate Family Pension (CFP) at GAUHATI.The scheme plans to offer the compassionate family pension instead of job offers to family members due to some practical difficulties.
The new scheme will be applicable to all employees of the state government, all others as eligible under Assam Services (Pension) Rules, 1969, all state government employees under NPS category and All India Services officers borne on Assam cadre.

HRD Minister Shri Prakash Javadekar launches ‘Swasth Bachche, Swasth Bharat’
On August 21,2017 ‘Swasth Bachche, Swasth Bharat’ Programme, was launched in Kochi.
1.A program is an initiative of Kendriya Vidyalaya Sangathan to prepare a physical Health and Fitness Profile Card for more than 12 lakhs of Kendriya Vidyalaya students.
2.Union Minister for Human Resource Development Shri. Prakash Javadekar unveil the Profile Card in a function held at Kendriya Vidyalaya at KV NAD, Aluva (Kochi).
3.District Collector Muhammed Y Safeerulla and Kendriya Vidyalaya Additional Commissioner U N Khaware were also attended the programme.
4.The programme aims to make students, teachers and parents aware of the importance of good health and fitness and encourage ‘60 minutes of play’ every day.
Swasth Bachche, Swasth Bharat programme will provide a comprehensive and inclusive report card for children covering all age groups and children of different abilities.





INTERNATIONAL AFFAIRS

 

Lost wreckage of warship USS Indianapolis found in pacific after 72 years
team of civilian researchers led by Microsoft co-founder Paul Allen has discovered the wreckage of World War II warship USS Indianapolis nearly after 72 years. It is 18000 feet (5.5 km) below the surface in the Pacific Ocean. It has been announced on 18th of August 2017

 “The Ulchi Freedom Guardian “military drills:
The Ulchi-Freedom Guardian is a military drill which sees the US and South Korea join forces in a string of exercises.
1.They are named after a famous Korean general, Munduk Ulchi, who lived in the early seventh century and was a successful army leader.

2.The drill is expected, from August 21 to August 31, 2017.It also involves computer-simulated war games with 30,000 American and 50,000 South Korean troops, according to South Korea’s defence ministry and the US military command in Seoul.
3.It is believed the exercises will involve around 17,5000 US troops mostly involved in the simulation side of the drills.

Qatar to build Arabian cap-shaped stadium for FIFA World Cup
Qatar will build a stadium shaped like an Arabian cap for the 2022 FIFA World Cup.
1.This symbolic design embodies everything that unites us as Arabs and Muslims, and is a fitting tribute to the first FIFA World Cup in the Middle East. Qatar is building at least eight air-conditioned stadiums for the tournament.
2.Doha’s Al Thumama stadium, designed by a Qatari architect in the shape of a traditional knitted “gahfiya” Arabian cap, will host 40,000 fans at a World Cup quarter final match, the country’s 2022 organising body.





 

BANKING & FINANCE

SBI tops share of willful default to PSBs
Country’s largest lender SBI accounts for over 27% of the total amount owed to public sector banks by wilful defaulters announced on 20th August 2017.
Key Points:
1.Total 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on 31 March.
2.Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs12,278 crore. 
3.Together these two banks account for Rs37,382 crore or 40% of the total outstanding loans.
4.According to the Finance Ministry data total outstanding loans due to public sector banks by wilful defaulters amounted to Rs92,376 crore.

SBI waives off up to 100% processing fee on car, gold, personal loans
State Bank of India (SBI) has announced waiver of up to 100% of processing fee on car loans, personal gold loans and personal loans for the festive season.





 

BUSINESS

 

Anti-dumping duty imposed on tempered glass from China
The Finance Ministry has imposed an anti-dumping duty on certain “textured toughened tempered glass” which imports from China.


 

RECOGNITION

Indian –origin boy Rahul Doshi crowned ‘Child Genius’ in UK
An Indian-origin boy, 12-year-old Rahul Doshi was crowned as the UK’s ‘Child Genius’in a popular television quiz competition on 20 August 2017.
1.He qualifies to be a member of Mensa club – the largest and oldest high IQ society in the world.
2.Rahul ambition is to become a financial adviser.


MERGERS

Microsoft acquires Cycle Computing to accelerate users’ movement to cloud
Microsoft has announced the acquisition of Cycle Computing on 21st of August 2017. It will help it easier for Azure customers to use High Performance Computing (HPC) and other Big Computing capabilities in the cloud and help them accelerate their movement to the cloud.
About Microsoft
Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington.

  • It develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services.
  • Founded on April 4, 1975
  • Founders: Bill Gates Paul Allen
  • Chairman: John W. Thompson
  • President: Brad Smith
  • CEO: Satya Nadella





 

 TECHNOLOGY

Scientists found new ‘state of matter’ to explain superconductivity
Scientists have found a potential new state of matter that may help explain phenomena like superconductivity.
Researchers from the Los Alamos National Laboratory in the U.S. showed that among superconducting materials in high magnetic fields, the phenomenon of electronic symmetry breaking is common.
What is super conductivity?
Superconductivity is a phenomenon of exactly zero electrical resistance and expulsion of magnetic flux fields occurring in certain materials, called superconductors, when cooled below a characteristic critical temperature.

  • The high-magnetic-field state of the heavy fermions superconductor “CeRhIn5“revealed a state in which the material’s electrons aligned in such a way to apparently reduce the symmetry of the original crystal.

UK scientists create world’s smallest surgical robot
UK Scientists have developed the world’s smallest surgical robot with low-cost technology. It is used in mobile phones and space industries.

Pune farm sees country’s first calf born to surrogate cow
1.In Indapur, about 140 kilometres from Pune, the Pathan family celebrated the birth of a new family member Vijay, the country’s first calf delivered by a surrogate cow through In Vitro Fertilisation (IVF) technology carried out in a mobile laboratory.
2.Dr Shyam Zavar, CEO of JK Trust, an organisation which works at improving cattle breed informed that through IVF technology, it can give birth to 20 calves in a year through surrogate method with recipient cow, which means nearly 200 in its lifetime.
3.About 50 embryos can be produced by a donor cow in a year.





 

SPORTS

Western & Southern Open 2017
The Cincinnati Masters currently called the Western & Southern Open is an annual outdoor hard court tennis event. The tournament was held annually at the Lindner Family Tennis Center in Mason, a northern suburb of Ohio near Cincinnati, in the United States.

  1. The 2017 Western & Southern Open was a men’s and women’s tennis tournament played on outdoor hard courts from August 14–20, 2017.
  2. The tournament is the second largest summer tennis event in the U.S. after the U.S. Open, as its men’s portion is one of nine elite Masters 1000 tournaments on the ATP World Tour and its women’s event is one of five Premier 5 events on the WTA Tour.
  3. The 2017 tournament was the 116th men’s edition and the 89th women’s edition of the Cincinnati Masters.

Winners list

1Bulgarian Grigor Dimitrov won his first Men’s singles Masters 1000 title 
2Garbine Muguruza of Spain won women’s singles 
3Frenchmen Pierre-Hugues Herbert and Nicolas Mahut won Men’s Cincinnati Doubles 
4Chan Yung-jan and Martina Hingis captured women’s double 

 

 

FIBA Asia Cup: Australia crowned champions of Asia on tournament debut in Lebanon
Australia, playing for the first time at the rebranded FIBA Asia Cup, became the first Oceanic team to be crowned champions of Asia.
Key Points:
1.Australia has beaten Iran in final held on 20th August 2017.
2.The Australian Boomers have won the FIBA Asia Cup in their first attempt with a commendable victory over Iran in the gold medal game.

3.Total 16 teams have participated and Australia has got 79 points and runner team Iran got 56 points.
4. Matches held between:
(a)Final: Australia 79 Iran 56
(b)Bronze medal match: South Korea 80 New Zealand 71
(c)Fifth-place match: China 79 Lebanon 78
(d)Seventh-place match: Philippines 75 Jordan 70
(e)Semi-finals: Australia 106 New Zealand 79, Iran 87 South Korea 81
About FIBA Asia Cup
The 2017 FIBA Asia Cup (formerly known as the FIBA Asia Championship) was the 29th continental basketball championship in Asia.

  • The tournament was organised by FIBA Asia and held in Lebanon.
  • It took place from 8 to 20 August 2017.
  • The Nouhad Nawfal Stadium hosted the tournament’s matches.

 

NECROLOGY

 

US comedian Jerry Lewis passed away
Multi-talented US actor and comedian Jerry Lewis has died. He was 91.
Key Points:
1.Lewis was known for his slapstick humour and a lucrative decade-long partnership with Dean Martin.
2.He starred in more than 45 films in a career spanning five decades.
3.He was hailed as ‘le Roi du Crazy’ (the king of crazy) and inducted into the Legion of Honor, France’s highest award, in 1984. He received a similar honour in 2006.