Current Affairs 11th August 2016

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Current Affairs

National News:

  • In Odisha, as many as 1051 missing children have been rescued by the Crime Branch during the first phase of Operation Muskan-2
  • Prime Minister Narendra Modi will launch the Yaad Karo Qurbani celebrations today at the birthplace of freedom fighter Chandra Shekhar Azad at Alirajpur in Madhya Pradesh to mark 70 years of Independence and 74 years of Quit India Movement
  • The government has decided to set up a committee to look into all issues including foreign direct investment norms pertaining to the fast growing e-commerce industry in the country
  • Parliament has passed a bill which empowers banks to confiscate security in the case of loan default, a development that assumes significance in view of the episode surrounding industrialist Vijay Mallya
  • First Solar Power India, the local subsidiary of the Nasdaq-listed First Solar, announced the commercial operation of 80 MW and 50 MW solar power plants in Andhra Pradesh and Telangana
  • NITI ties up with US EIA to set up portal on energy data
  • Railways decides to set up separate CSR cell for more involvement of corporate
  • In Tamil Nadu, the first unit of Kudankulam Nuclear Power Plant will be dedicated to nation by Prime Minister Narendra Modi

International News:

  • In Russia, about one thousand agitators rallied at Sokolniki park in Moscow to protest a controversial new legislation
  • Russian President Vladimir Putin has agreed to work toward restoring full relations with Turkey, but said rebuilding trade ties will be time consuming

New Appointments:

  • Ashok Kumar Garg and Raj Kamal Verma have been appointed as ED of Bank of Baroda and Union Bank of India respectively
  • Gopal Murli Bhagat and Himanshu Joshi have been appointed as ED of Corporation Bank and Oriental Bank of Commerce respectively
  • Landmark Group announced the appointment of Rajeev Krishnan as Managing Director of Max Hypermarkets India
  • Dinesh Kumar Khara was today appointed Managing Director of State Bank of India (SBI)

Banking:

  • Pawan Kumar Bajaj and Ravindra Prabhakar Marathe were appointed as managing director (MD) and chief executive officer (CEO) of United Bank of India and Bank of Maharashtra respectively
  • RBI to inject Rs 10,000 cr through OMO for liquidity crunch on FCNR payout
  • National Bank for Agriculture and Rural Development (NABARD) sanctioned Rs 26.06 crore to the government of Punjab for tackling (handling) waterlogging (saturation of soil with water)

Business & Economy:

  • NHAI Signs MOU with IIT- Kharagpur for Research Project on Paneled Cement Concrete Pavements for Highways
  • India’s second largest mobile operator Vodafone has renewed its multi-million dollar agreement for IT infrastructure with tech giant IBM for another five years
  • The Centre has identified 1.36 crore non-filers with potential tax liability under the Non-Filers Monitoring System
  • In Tamil Nadu, unidentified robbers have stolen soiled currency notes worth Rs 5.78 crore belonging to a few public sector banks from a train while transferring from Salem to Chennai

Science & Technology:

  • China launched a new high-resolution Synthetic Aperture Radar (SAR) imaging satellite which provides accurate pictures of earth with ability to photograph detailed scenarios of its specific areas

Sports:

  • Rafaela Silva earns Brazil’s first gold medal by winning judo division

Obituary:

  • Veteran writer-producer Panchu Arunachalam passes away
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