Current Affairs 16th August 2016

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Current Affairs

National News:

  • Maharashtra Chief Minister Devendra Fadnavis announced that all government services will be made available through mobile app in the state and said that the people will get the feeling of his secretariat in their mobile
  • In Sikkim, the people celebrated 70th Independence Day in grand manner. The Medals and state Meritorious Service Awards have also been conferred during a state level function in Gangtok
  • PM announces 20% hike in freedom fighters’ pension
  • Minister of State Manoj Sinha released a commemorative postage stamp on Tourism in India on the occasion of 70th Independence day

International News:

  • US President Barack Obama issued a disaster declaration for flood-devastated Louisiana. White House said, emergency workers have rescued more than 7,000 residents stranded in homes and cars

Banking:

  • South Indian Bank, SBI Card to launch co-branded credit card

Business & Economy:

  • Health insurance arm of Aditya Birla Financial Services Group (ABFSG) has received the final regulatory approval from sector watchdog IRDAI and it is likely to begin operations in the last quarter of 2016
  • Centre may get Rs 23,944 crore from clean environment cess in FY17
  • ONGC has launched a Rs 100-crore start-up fund on its diamond jubilee year “to foster, nurture and incubate new ideas related to the oil & gas sector”. The initiative, christened ‘ONGC Start-up’, is in line with the government’s Startup India initiative
  • Life insurers’ new biz premiums up 4% to Rs 13,854 crore in July
  • 1st BIO-CNG project in India inaugurated in Pune

Science & Technology:

  • China is set to launch the world’s first quantum communication satellite which boasts of hack-proof ultra high security features to prevent wiretapping and intercepts
  • Researchers have developed an electrical immuno-sensor for early detection of heart attacks, which provides results in just one minute

Sports:

  • Indian gymnast Dipa Karmakar finished fourth in the women’s vault finals at the Rio Olympics
  • Srikanth Kidambi enters last 16 in men’s singles
  • PV Sindhu advances to last 16 in women’s singles
  • Andy Murray became the first tennis player to retain the Olympic singles gold medal after he won the event at the Rio Olympics
  • Jamaica’s speedster Usain Bolt retained his coveted title “Fastest man alive on the planet”
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