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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.
Deaths
- 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.
Download June 2019 Month's Current Affairs PDF File from HERE (New)
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