Current Affairs 7th August 2016

National News:

• The Odisha government has launched a new website of the state Home department to enable the differently-abled persons to see and hear the website
• As part of transforming Mumbai into a Smart City, Maharashtra government will provide as many as 1,200 wi-fi hotspots in the megapolis
• A bill seeking to raise the cap on disputed amount of compensation for appeal in high courts was introduced in the Lok Sabha
• Ravi Shankar Prasad inaugurates town hall to mark two year of citizen engagement portal MyGov.in
• In Maharashtra, rescuers this morning resumed search operations for remaining 16 missing passengers from the vehicles fallen in the Savitri River at Mahad

International News:

• India has welcomed Morocco’s initiative to re-join the African Union which it had left 32 years ago
• Japan marks the 71st anniversary of US atomic bombing of Hiroshima yesterday

New Appointments :

• The Board of Directors of Credit Analysis and Research Ltd (CARE Ratings) has appointed Rajesh Mokashi as the Managing Director & CEO of the company
• Anand Sinha to replace Vinod Rai on IDFC Bank board

Banking :

• SEBI proposes new framework for algo trading, co-location

Business & Economy:

• Govt sets inflation target at 4%
• Forex reserves hit all time high at $365.49 billion
• S&P Global affirms ‘BBB-’ long-term rating on ICICI

Science & Technology:

• China successfully launches first satellite (Tiantong-01 satellite) for mobile telecommunication

Sports:

• France will not host European Road Cycling Championships
• Indian Olympic Association, IOA, has announced a cash award of 50 lakh rupees for the gold medal winning athlete in the Rio Olympics