Current Affairs 10th August 2016

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Current Affairs

National News:

  • Rajya Sabha passes ‘patient-centric’ Mental Health Care Bill 2013,which seeks to provide better healthcare to people with mental illness and safeguard their rights
  • The British Council India is interested in long-term collaboration with the Bihar government for promotion of education and culture
  • Manipur’s Iron Lady Irom Sharmila ends 16-year-long hunger strike
  • Under Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), 4497 new projects have been sanctioned in the country with the project cost of Rs. 42392.47 crore for various rural electrification works
  • Maharashtra government diluting importance of Quit India event: Cong
  • Parliament passes GST Bill; PM says GST to address problem of imbalanced development

Banking:

  • HDFC Standard Life Insurance Company and the Max group entities have finalised the merger of Max insurance arm with the former, creating the largest private sector insurance company with a market valuation of Rs 65,000 crore
  • Raghuram Rajan keeps interest rate unchanged at 6.5% in his last policy review

Business & Economy:

  • Deskera claims 1st GST compliant cloud-based enterprise software in India
  • FDI in petroleum sector permitted across the Hydrocarbon value chain
  • Reliance General enters ‘bancassurance’ deal with co-operative bank
  • Vodafone renews IT deal with IBM for 5 years
  • Non-banking finance companies will benefit from the Reserve Bank of India’s (RBI’s) decision to herald ‘on tap’ universal banking licence regime, Moody’s Investors Service said
  • Aurobindo Pharma receives final approval from US FDA for anti-infective drug

Science & Technology:

  • Orkut co-founder Büyükkökten has launched a new social network called Hello, which is available on mobile only

Sports:

  • Abhijeet Gupta wins Commonwealth Chess Championship
  • American swimmer Ledecky wins gold creating a new world record

Obituary:

  • Renowned Yoga Guru TKV Desikachar has passed away following a brief illness in Chennai
  • Congress rebel Kalikho Pul, who briefly served as Arunachal Pradesh chief minister, allegedly committed suicide in Itanagar
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