DAILY CURRENT AFFAIRS NEWS 25-08-2018

DAILY CURRENT AFFAIRS NEWS

25-08-2018

National News

1. India, Singapore Sign 2nd Protocol Amending
Comprehensive Economic Cooperation
Agreement

i. India and Singapore have signed the Second
Protocol amending the Comprehensive
Economic Cooperation Agreement in New Delhi
which will boost bilateral trade between the two
countries.

ii. Both sides agreed to expand the coverage of
tariff concessions, liberalize the Rules of Origin,
rationalize Product Specific Rules and include
provisions on Certificate of Origin and
Cooperation on its verification.

Static/Current Takeaways Important for Indian
Bank PO Exam 2018-

Halimah Yacob is the Present President
of Singapore.

2. Myanmar Media Group Inks MoU With Prasar
Bharati

i. Prasar Bharati and Mizzima Media Group
of Myanmar signed an MoU to realize
cooperation and collaboration in broadcasting
and content sharing. The agreement was signed
in the presence of Prasar Bharati CEO,
Shashi Shekhar Vempati in New Delhi.

ii. The Agreement will realize cooperation and
collaboration in broadcasting and envisions
content-sharing covering a wide range of
genres, including culture, entertainment,
education, science, news and sports along with
other areas of mutual interest.

3. India’s Largest Business Incubator
Bhamashah Techno Hub Launched In Jaipur

i. In a big step forward to strengthen the startup
ecosystem in Rajasthan, the Chief Minister
Vasundhara Raje launched India’s largest
business incubator the Bhamashah Techno
Hub in Jaipur.

ii. The incubator will provide end-to-end support
to startups, ranging from infrastructure,
technology, angel funding, access to venture
capitalists, mentorship, exposure to national
and international organisations and experts and
much more.

Static/Current Takeaways Important for Indian
Bank PO Exam 2018-

Kalyan Singh is the present Governor of
Rajasthan.

4. Former President Pranab Mukherjee Launches
NETA App To Rate MPs and MLAs

i. Former President Pranab Mukherjee launched
the National Electoral Transformation (NETA)
mobile application to rate Members of
Parliament (MPs) and Members of Legislative
Assembly (MLAs).

ii. 'Neta - Leaders' Report Card' App, the
brainchild of 27-year-old entrepreneur Pratham
Mittal, is a platform where voters can review
and rate their elected representatives and hold
them accountable as well.

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Defence News

5. DAC Approves Procurement for Services
Amounting To Rs46,000 Crores

i. The Defence Acquisition Council (DAC),
chaired by Defence Minister Smt Nirmala
Sitharaman accorded approval for procurement
for the Services amounting to approximately
Rs. 46,000 crores.

ii. The DAC in a landmark decision approved
procurement of 111 Utility Helicopters for the
Indian Navy at a cost of over Rs. 21,000 crores.

iii. This is the first project under the MoD’s
prestigious Strategic Partnership (SP) Model
that aims at providing the significant fillip to the
Government’s ‘Make in India’ programme.

Static/Current Takeaways Important for
Indian Bank PO Exam 2018-

General Bipin is the present Chief of Army Staff.
Admiral Sunil Lanba is the Present chief of Naval
Staff. Air Chief Marshal DS Dhanoa is the present
chief of Airforce Staff.

6. INS Vikramaditya To Get Upgrade For Its Air
Wing From Russia

i. For the first time, India's only aircraft carrier
INS Vikramaditya will be fitted with a marine
hydraulic system to boost the air operations of
the ship. Hydraulics technology uses fluid
pressure to power machines.

ii. Technodinamika, a subsidiary of Russia's
Rostec State Corporation, will install the system
in the Indian Navy ship by May 2019.
The GS-1MF hydraulic system is used in
helicopters, while GS-3 is used in aircraft.

7. Exercise SCO Peace Mission 2018 Started In
Russia

i. Exercise Shanghai Cooperation Organization
(SCO) Peace Mission 2018, the latest in 'Peace
Mission' series formally started at Chebarkul,
Russia. All the 8 member nations will participate
in this exercise.

ii. The SCO Peace Mission Exercise is one of the
major defence cooperation initiatives amongst
SCO nations and will be a landmark event in the
history of SCO defence cooperation.

Static/Current Takeaways Important for Indian
Bank PO Exam 2018-

The Shanghai Cooperation Organization (SCO
) is an intergovernmental organization founded in
Shanghai on 15 June 2001 by six countries,
People’s Republic of China, Kazakhstan, Kyrgyz
Republic, Russia, Tajikistan, and Uzbekistan.SCO
Headquarters in Beijing, China. The 8 member
nations of SCO are China, Kazakhstan,
Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India,
and Pakistan.

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Appointments

8. U K Varma Appointed Assocham Secretary
General

i. Industry chamber Assocham appointed former
bureaucrat Uday Kumar Varma as its new
Secretary General. He succeeds DS Rawat
who held the position for nearly 14 years.

ii. Varma has extensive administrative
experience at the highest levels of
administration both in the state government
(of Madhya Pradesh) and central government.

Static/Current Takeaways Important for Indian
Bank PO Exam 2018-

Sandeep Jajodia is the present President of
Assocham. It Headquarters in New Delhi.

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Sports News

9. Jhulan Goswami Announces Her
Retirement From T20 Internationals

i. Indian women’s team fast bowler Jhulan
Goswami announced her retirement from
T20 Cricket Internationals. The veteran player
played 68 T20 Internationals and took 56
wickets at an economy rate of 5.45.

ii. The 35-year-old will only play ODIs. In ODIs,
she is the world’s highest wicket-taker with 200
scalps from 169 games.