31st August 2014 - Daily Current Affairs updates

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International Affairs

• Modi's Japan Visit
• Japan today agreed to work with India in developing a treatment for the Sickle Cell Anaemia after Prime Minister Narendra Modi sought help for finding remedy to the deadly disease commonly found among tribals in India.
• Modi said on Saturday that the India-Japan relationship was below potential and the two sides would strive to achieve in five years the unrealized hopes of five decades.
• Modi visits ancient Buddhist temple in Japan ( Toji temple in Kyoto)

National Affairs

• Aiming to ensure greater passenger safety and smooth train operations, Railways is installing a state-of-the-art system along the sides of tracks for detection of faults and defective parts in coaches, wagons and locomotives.
• This track-side equipment can detect overheated bearings, wheels and brake discs in trains and help staff take fast decisions as to whether or not the train is safe to run.
• Chennai Metro Rail may begin its service from Koyambedu to Alandur by mid-November.

Deaths

• Legendary Telugu filmmaker and Cartoonist Sattiraju Lakshmi Narayana, popularly known as Bapu (15th December 1933 - 31st August 2014) died today.
• He used to make films with his friend Mullapudi Venkata Ramana. The duo is famous as Bapu-Ramana ( Ramana died in 2011)
• He is a music artist, painter, illustrator, cartoonist, and designer.
• In 2013, he was awarded the Padma Shri, for his contribution to Indian art and cinema.
• He has won two National Film Awards, two Filmfare Best Director Awards.
• Seeta Kalyanam & Vamsa Vruksham are his famous films.

Business & Economy

• In a major overhaul of its functioning, capital markets watchdog SEBI has fixed one-year target for completion of all its investigations, while sharply focusing on cases involving bigger offences. There are 221 investigations pending with Sebi right now.

Sports

• P.V. Sindhu suffered a heartbreak at the World Badminton Championship as the Indian shuttler had to settle for a second consecutive Bronze medal after succumbing to Carolina Marin of Spain in straight games at the semifinals, in Copenhagen.

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