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August 28, 2016

17th August 2016 - Important Current Affairs updates

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International Affairs
  • Today is Independence Day of Indonesia
    • On August 17, 1945, Indonesia declared its independence from Netherlands.
    • About Indonesia
      • Capital : Jakarta
      • Official language : Indonesian
      • President : Joko Widodo
      • Vice-President : Jusuf Kalla
      • Currency : Indonesian rupiah
  • Today is Independence Day of Gabon (Gabonese Republic)
    • Gabon, is a country on the west coast of Central Africa that had been under French rule till August 17, 1960.
    • About Gabon :
      • Capital : Libreville
      • Official Language : French
      • President : Ali Bongo Ondimba
      • Prime Minister : Daniel Ona Ondo
      • Currency : Central African CFA franc
  • China and ten member countries of Association of Southeast Asian Nations (ASEAN) have agreed to form a framework for a code of conduct to ease tension in disputed South China Sea
    • Note : The agreement was reached between both sides during a meeting at Inner Mongolia in northern China held on August 15 and 16, 2016.
  • China joins the ranks of the world's 25 most-innovative economies in Global Innovation Index (GII).
    • Top Countries in the list
      • Switzerland (retains the top position for the 6th consecutive year), 
      • Sweden, 
      • United Kingdom, 
      • United States of America, 
      • Finland 
      • Ireland
      • Denmark
      • Netherlands
      • Germany

National Affairs
  • Gujarat government has today approved the implementation of the recommendations of 7th Pay Commission, raising salaries of over 8.5 lakh state employees and pensioners.
    • The hike will cost 8,513 crore rupees annually to the exchequer
    • About Gujarat :
      • Formed on :  1st May 1960
      • Capital : Gandhinagar
      • Largest City : Ahmedabad
      • Chief Minister : Vijay Rupani
      • Governor :  Om Prakash Kohli 
      • Official language : Gujarati
New Appointments
President Pranab Mukherjee has appointed former Union Minister Najma Heptulla (76) as Governor of Manipur

Science & Technology
  • The Bhabha Atomic Research Centre (BARC) has developed a kit for onsite determination of toxic Hexavalent Chromium Cr (VI) in drinking water
    • The detection kit is simple, user friendly, quick and cost effective kit for onsite determination of Cr(VI) in drinking water. 
    • It meets Indian standard IS10500 for drinking water as well as US Environmental Protection Agency (EPA) criterion.

Business & Economy
  • The Reserve Bank of India (RBI) has imposed penalties of up to Rs 5 lakh on four cooperative banks for violation of various norms.
    • They are, 
      • The Cooperative City Bank, Guwahati (5 lakh) : for flouting KYC norms and non-adherence to requirements relating to identification and reporting of suspicious transactions.
      • Indapur Urban Cooperative Bank, Indapur District Pune (2 lakh) : for violations of norms related to KYC/anti-money laundering and credit exposure norms on loans.
      • Shri Dadasaheb Gajmal Cooperative Bank, Pachora, District Jalgaon (1 lakh) : for violation of norms relating to creation of floating charge on its assets without the prior permission.
      • The Model Cooperative Urban Bank, Hyderabad, Telangana (1 lakh) : for violation directives and guidelines on loans and advances to directors and their relatives.

Awards & Honors
  • Oscar winning music composer AR Rahman was today honoured with the Tamil Ratna Award by the New York based Tamil Sangam. 
    • He was honoured with this award after his concert at the United Nations General Assembly (UNGA) chamber to honour M.S. Subbulakshi, the doyen of Carnatic music. 
    • The previous recipients of Tamil Ratna Award include Bharatha Natyam exponent Kamala Lakshman, Tamil movie director Bharathi Raja and mathematician Srinivasa Varadhan.

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