Saturday, August 22, 2015

Current Affairs Update – 22nd August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 22nd August, 2015. These are Important for the upcoming IBPS Clerk and IBPS RRB 2015 Exam.


Finance –

Union Government Issued Norms for Selection of CEOs and MDs of Smaller PSU Banks


  • The Union Government on 20 August 2015 issued norms for selection of Managing Directors (MDs) and Chief Executive Officers (CEOs) in Mid and Small Public Sector Banks (PSBs).
  • The guidelines were issued after the approval by the Appointments Committee of Cabinet (ACC) for selection of MDs & CEOs in Public Sector Banks (PSBs) other than five large Public Sector Banks.


Guidelines for Selection of CEOs and MDs of Small PSBs
  • The top post in the PSBs would be filled from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years. Henceforth the private sector executives would not be the part of the selection process of top management.
  • The DMDs of IDBI Bank, the EDs of nationalised banks and MDs of associate banks of State Bank of India (SBI) who have one year of service experience as ED/DMD/MD and who have two years of service left are entitled for post of MD & CEO.
  • Other than five large PSBs, for the remaining banks hiring will be conducted from the pool of executive directors of the public sector banks itself.
  • For the five large banks viz. Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank and IDBI Bank, there will be a separate procedure for selection.



India –

Puducherry CM N Rangasamy launched Free Laptop Scheme

  • Puducherry Chief Minister (CM) N Rangasamy on 21 August 2015 launched the much awaited Free Laptop Scheme. The scheme envisages to provide free laptops to all students who have passed Plus Two from Government Higher Secondary Schools in the last two academic years that is 2013-14 and 2014-15.
  • The state will give free laptops to 11 thousand odd students by incurring an expense of 20 Crore rupees. While launching the scheme, Rangasamy gave away laptops to 180 students who topped in Plus Two Examinations in their respective schools.
  • The scheme was launched on the occasion of Student's Day in Puducherry. During the launching ceremony, Rangasamy also distributed 5000 rupees each to 10 students who excelled in the National Talent Search Examination.



Google to promote digital literacy in Haryana


  • Search engine giant Google has entered into a memorandum of understanding with the government of Haryana to promote digital literacy in the state.
  • Google will undertake a digital literacy drive covering internet safety in government schools, and also conduct a similar exercise for government officials.
  • The MoU in this regard was signed in Silicon Valley in the presence of visiting Haryana Chief Minister Manohar Lal Khattar who is leading a high-level delegation on a tour to the US and Canada to attract investments to his state.
  • Google India’s policy country head Chetan Krishnaswamy said they hope the joint initiatives will bear rich dividends for the state and its citizens as they embrace the internet and help the government achieve its vision.



Appointments –

Noted academician Amitabh Mattoo appointed as Advisor to J&K CM Mufti Mohammad Sayeed

  • Noted academician and former Vice-Chancellor of the Jammu University Amitabh Mattoo was on 21 August 2015 appointed as Advisor to Jammu and Kashmir (J&K) Chief Minister (CM) Mufti Mohammad Sayeed. Mattoo will have the status of a Cabinet Minister.
  • Born in Srinagar, Mattoo has been the Chief Executive Officer and inaugural Director of the Australia India Institute and Professor of International Relations at the University of Melbourne in Australia.
  • Currently, he is on leave from New Delhi’s Jawaharlal Nehru University where he serves as a Professor of Disarmament Studies at the School of International Studies. He is widely regarded as an inspiring and innovative builder of institutions and the foremost Indian intellectual seeking to build peace in the South Asian region.



Obituaries –

Eminent Sanskrit Scholar and Indologist NR Varhadpande passed away

  • Eminent Sanskrit Scholar and Indologist NR Varhadpande passed away on 21 August 2015 in Nagpur following age related issues. He was 94.
  • Varhadpande was famously known for his book titled Aryan Invasion: A Myth that exposes fallacy of Aryan invasion and is considered as one of the most profound works in changing the course of ancient Indian history.
  • An ardent student of Psychology, Varhadpande worked as the Chief Psychologist with the Ministry of Defence and was instrumental in devising various Psychological tests for the armed forces personnel.



Former Australian Opener Arthur Morris Dies at 93

  • Former Australian opener Arthur Morris, a member of Don Bradman's 1948 'Invincibles' team, has died aged 93, Cricket Australia said today.
  • The death of Morris, who had been the country's oldest living former Test player, meant "a cherished link with our past" had been lost, said the governing body's chairman Wally Edwards.
  • Edwards said Morris was an "elegant, complete batsman" and noted he ended up being the most successful run-scorer during the 1948 series in England.
  • The left-hander amassed 696 runs during that campaign -- including a 182 and a 196.
  • Born in Sydney's Bondi suburb in 1922, Morris made his Test debut against England during their tour of Australia in 1946-47 when he overcame a slow start to make three consecutive centuries.




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