Latest Current Affairs Daily Update

13th Aug 2020 Daily Current Affairs Headlines

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Important Days

International Youth Day

International Youth Day was named by the United Nations (UN) in the year 1999, in an effort to increase knowledge about the cultural and legal issue concerning youth.

The first International Youth Day was commemorated on 12 August 2000 and has been celebrated annually ever since. The theme of International Youth Day 2020, “Youth Engagement for Global Action”

World Elephant Day

World Elephant Day is a global annual celebration on August 12, committed to the safety and security of the world’s elephants. On August 12, 2012, the inaugural World Elephant Day was started to make awareness to the urgent situation of Asian and African elephants.

World Lion Day

World Lion Day is celebrated over the world on August 10. The main goal of the day is to increase knowledge about lions and educate people about issues concerning their security and protection.

The day aims at supporting and promoting charities and foundations that instil awareness of the need for conservation efforts and sustainable solutions for addressing the dwindling lion population.


National Headlines

Union Minister of Agriculture & Farmers’ Welfare launches “Krishi Megh”

Krishi Megh (National Agricultural Research & Education System -Cloud Infrastructure and Services) has been launched virtually by the Union Minister of Agriculture & Farmers’ Welfare, Shri Narendra Singh Tomar.

The minister also launched the KVC ALUNET (Krishi Vishwavidyalaya Chhatr Alumni Network) and Online Accreditation System for Higher Agricultural Educational Institutions (HEI). Krishi Megh will help in meeting the services and infrastructure requirements of Digital Agriculture of National Agricultural Research and Education System (NARES).

The National Agricultural Higher Education Project has been funded by the Government of India and the World Bank. The project will bolster the national agricultural education system in the nation along with the overall objective of offering more relevant and high-quality education to the agricultural university students.

Education Minister launches Minimum Standards of Architectural Education Regulations, 2020

Education Minister Ramesh Pokhriyal Nishank virtually launched the Minimum Standards of Architectural Education Regulations2020 in New Delhi. Mr Pokhriyal highlighted about unique architectural beauty of India, its monuments and temples.

He stated that the Council of Architecture should draw inspiration from the present and past treasures of Architecture and bring a paradigm shift in the field of Architecture to make India a world leader again. The Minister stated the architecture of India is rooted in its history, culture and religion.

Useful Notes for all competitive exams:

  • Ramesh Pokhriyal ‘Nishank’, Cabinet Minister
  • Constituency: Haridwar
  • Sanjay Shamrao Dhotre, Minister of State

State Headlines

Mumbai’s Dadar becomes the first city to have female icons on traffic signals

Mumbai has become the first city in India to have women symbols on traffic signals and signage. Brihanmumbai Municipal Corporation (BMC) has installed traffic signals that display female icons sporting triangular frock, a shift from the default representation of men.

Useful Notes for all competitive exams:

  • Capital: Mumbai
  • Governor: Bhagat Singh Koshyari
  • CM: Uddhav Thackeray‎

Gujarat government announces Mukhya Mantri Kisan Sahay Yojana

Mukhya Mantri Kisan Sahay Yojana has been announced by the Gujarat Chief Minister Vijay Rupani. The yojana has been announced for the current Kharif season and all farmers of the state will be covered under this scheme. Farmers would not have to pay any premium or registration process for the scheme.

The Mukhya Mantri Kisan Sahay Yojana will replace the existing crop insurance scheme. Hence, those farmers who have already paid the premium for the existing scheme will receive the refund. Tribal farmers would also be a part of this scheme as compared to the previous one in which they were excluded.

Useful Notes for all competitive exams:

  • Chief Minister of Gujarat: Vijaybhai R. Rupani; Governor: Acharya Dev Vrat.

International Headlines

Lebanon′s Govt resigns over deadly Beirut port blast

The Prime Minister of Lebanon, Hassan Diab and his entire government has resigned, in the wake of the major blast in Beirut that has triggered public outrage, and anger at the Lebanese government for their failure to prevent the disaster.

President Michel Aoun has ordered Diab government to stay on caretaker capacity until a new cabinet is formed. Diab served as the PM from 21 January 2020 to 10 August 2020.

A massive explosion took place in Beirut, the capital of Lebanon, on August 04, damaging buildings across the capital and sending a giant mushroom cloud into the sky. 

Useful for all competitive exams:

  • Capital of Lebanon: Beirut.
  • The currency of Lebanon: Lebanese pound.

Business Headlines

Paytm launched India’s 1st pocket android POS device

Paytm has launched India’s 1st Pocket Android POS (Point of Sale) Device named ‘Paytm All-in-One Portable Android Smart POS’ for contactless ordering and payments in India.

‘Paytm All-in-One Portable Android Smart POS’ is the first such Android-based device to be introduced in India and is much more powerful than the portable Linux based POS devices presently available in the country.

It is an effort to digitise and empower a large number of Small and Medium Enterprises (SMEs). The company aims to issue over 2 lakh devices within the next few months which will generate over 20 million transactions per month.

Useful for all competitive exams:

  • Paytm founder: Vijay Shekhar Sharma.
  • Paytm Headquarters: Noida, Uttar Pradesh.
  • Paytm founded: 2010.

BSE partners with Akola-based bullion associations

A Memorandum of Understanding (MoU) has been confirmed by the Bombay Stock Exchange with Akola, Maharashtra-based bullion trade and industry associations namely Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh.

The partnership will seek to improve collaboration between the BSE and physical markets served by the two trade bodies in various areas like information sharing, learning and training, events as well as explore areas of mutual interests.

The Bombay Stock Exchange (BSE) will conduct various exercises such as seminars and information programmes on price-risk management for bullion traders and jewellers.

These programmes will help them in shifting to more organised forms of trading. BSE will also aware they about effective hedging tools like derivatives contracts, especially ‘options in goods’ and hence enable them to face a volatile market.


Appointments

Harsh Kumar Bhanwala becomes new executive chairman of Capital India Finance

Former NABARD Chief, Harsh Kumar Bhanwala has been appointed as executive chairman of the Capital India Finance Limited. Harsh Kumar Bhanwala has served as the chairman of National Bank for Agriculture and Rural Development (NABARD) for over six years.

He was appointed as the chairman NABARD in December 2013 and demitted the office on May 26, 2020. Capital India Finance Limited (CIFL) is an integrated financial services platform and provides customised financial solutions to Indian Corporates for their growth and working capital requirements among others.

Useful for all competitive exams:

  • Capital India Finance Ltd Managing Director: Keshav Porwal.
  • Capital India Finance Ltd HeadOffice: Mumbai, Maharashtra.

Books & Author

A book titled ‘Connecting, Communicating, Changing’ released

Raksha Mantri Rajnath Singh released the book titled ‘Connecting, Communicating, Changing’ chronicling his three years in office as the Vice President of India. The Vice President, M. Venkaiah Naidu was also present at the release function of the book. Minister of Information & Broadcasting, Prakash Javadekar released the e-version of the book.


Science & Technology

Skyroot Aerospace tests upper stage rocket engine “Raman”

Skyroot Aerospace, a Spacetech startup has successfully test-fired an upper stage rocket engine “Raman”. With this, Skyroot Aerospace has become the first Indian private firm to exhibit the potential to build a homegrown rocket engine.

“Raman” is a 3-D printed rocket engine which has been named after Nobel laureate CV Raman. Skyroot Aerospace expects to launch its first rocket, which can hurl satellites of 250-700 kgs, into a lower earth orbit by December 2021.

These developments form the private players has become possible after the union cabinet’s approval of private player participation in space in June 2020.


Obituary

Urdu Poet Rahat Indori passes away

Noted Urdu poet and lyricist Rahat Indori, who tested positive for COVID-19, has passed away. Indori had composed lyrics for some popular Bollywood songs like “M Bole Toh” from Munnabhai MBBS (2003), Chori Chori Jab Nazrein Mili from Kareeb (1998), Koi Jaye to le aye from Ghatak (1996), and “Neend Churai Meri” from Ishq (1997). 

His lyrics were used in 11 Bollywood films. Earlier this year, his poem “Bulati hai Magar Jane ka Nahi” had gone viral on social media.

Veteran Tamil film songwriter P K Muthusamy passes away

Veteran Tamil film songwriter, PK Muthusamy passed away. Muthusamy had penned memorable Tamil film lyrics like ‘Mannukku Maram Baaramaa ?’ – which means ‘are the trees a burden on the earth?’.

Tamil Producer V Swaminathan Passes Away Due to COVID-19

Tamil producer V Swaminathan passed away due to COVID-19. V Swaminathan was one of the owners of the production house, Lakshmi Movie Makers, along with K Muralidharan and G Venugopal.


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