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August 24, 2019

24th August 2019 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (24th August 2019) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Check complete Daily Current Affairs of the year 2019 from HERE. Happy Reading :)

Daily Current Affairs of 24th August 2019

International Current Affairs
  • Prime Minister Narendra Modi has inaugurated a memorial in the honour of the victims of two Air India crashes at the foothills of Mont Blanc in France. 
    • Several Indians, including Homi J Bhabha, regarded as the father of India's nuclear programme, were killed in the crashes. 
  • Modi today met with the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan
    • Both leaders discussed the full spectrum of the strong India-UAE partnership
    • To mark the 150th birth anniversary of Mahatma Gandhi, a commemorative stamp was jointly released by Mr Modi and the Crown Prince at the Presidential Palace in Abu Dhabi.
    • Later Modi has left for Bahrain on a 2-day state visit. 
      • This will be the 1st ever Prime Ministerial visit from India to Bahrain.   
Banking, Business & Economic Affairs
  • Prime Minister Narendra Modi today launched RuPay in UAE.
    • With this, UAE became the 1st Middle Eastern country with the Indian card network
    • 3 banks in UAE will soon start issuing RuPay card and 15 business groups have pledged to accept them as a mode of payment.
  • US President Donald Trump has announced to raise the tariffs on Chinese imports amid the escalating trade war. 
    • US tariffs on Chinese goods worth $250 billion will increase from 25% to 30%, while the tariffs on $300-billion Chinese products will be raised from 10% to 15%. 
    • This comes after China announced tariffs on US products worth $75 billion.
  • Recent announcements of Finance Minister Nirmala Sitharaman :
    • Additional ₹20,000-crore liquidity support for Housing Finance Companies (HFCs) by National Housing Bank (NHB), taking the overall support in recent weeks to ₹30,000 crore. 
    • The government will release ₹70,000 crore recapitalisation for state-run banks immediately as announced in the Budget.
      • Sitharaman further said the government will make all pending GST refunds to MSMEs within 30 days.
    • Enhanced surcharge on foreign portfolio investors registered as trusts, introduced in the Budget, will be rolled back following a backlash. 
      • The Budget announced triggered a market selloff with FPIs pulling out about ₹12,418 crore from the equity market in July. 
      • The surcharge on domestic equity investors has also been rolled back.
  • Moody's today cut India's GDP growth forecast to 6.2% for 2019 calendar year, from the previous estimation of 6.8%.
    • It reduced the 2020 GDP growth forecast to 6.7%.
Awards & Honors
  • The United Arab Emirates (UAE) today conferred its highest civilian award 'Order of Zayed' on Indian Prime Minister Narendra Modi
  • Senior BJP leader and former Finance Minister Arun Jaitley (66) passed away.  
    • One of the prominent leaders of Bharatiya Janata Party(BJP), Arun Jaitley became the Finance Minister & Minister of Corporate Affairs in the Narendra Modi government in 2014. 
    • He also served as a member to the Board of Governors of Asian Development Bank (ADB)
  • US industrialist David Koch (79), who ran Koch Industries with his brother Charles Koch, died today. 
    • Koch, whose wealth Bloomberg estimates at $59 billion, was a philanthropist and a major financier of conservative causes and political candidates.
Sports Current Affairs
  • B Sai Praneeth has become the 1st Indian male shuttler in 36 years to secure a medal in the BWF World Championships
    • He achieved the feat by reaching the semi-finals by defeating Jonatan Christie of Indonesia. 
    • Important Note : Prakash Padukone was the 1st Indian to win a men’s singles World Championships medal, a bronze, in the 1983 edition.
  • World number five P V Sindhu has become the 1st ever Indian to reach 3 straight Badminton World Championships finals
    • She achieved the feat by defeating world number three Chen Yu Fei  in the semi-final today. 
    • Note : Sindhu had lost the finals in 2017 and 2018 to Nozomi Okuhara and Carolina Marin, respectively.
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