Current Affairs Update – 26th August, 2015 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs


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Wednesday, August 26, 2015

Current Affairs Update – 26th August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 26th August, 2015. These are important for the IBPS RRB Officer Scale I and IBPS RRB Office Assistant as well as IBPS Clerk 2015.

Finance –

PayU India tied-up with redBus to attract customers to use its wallet PayU Money

  • PayU India on 25 August 2015 tied-up with online bus ticketing platform redBus to offer cash-back discounts to customers who use its wallet PayU Money to buy tickets.
  • Today, around 50 percent of bookings on redBus are through the PayU Wallet. This tie-up is expected to increase the wallet customers from the current 5 million users to 20 million by 2015 end. However, payments on redBus can also be made with credit and debit cards, net banking and cash on delivery.
  • Established in 2011, PayU India is part of Naspers Group which owns companies such as red-Bus, OLX and Goibibo.  The company is now forming similar alliances in the travel booking space and integrating with sites such as Makemytrip, Goibibo and Cleartrip.

India –

BRIDGE programme of Australia extended to include Navodaya Schools

  • Australia’s BRIDGE Programme was in news in August 2015. The programme that is run by Australian Schools in collaboration with Indian Schools came in news on 24 August 2015 after Australia agreed to include Jawahar Navodaya Vidyalayas (JNVs).
  • The agreement was reached during the 3rd Australia-India Education Council (AIEC) meeting held in New Delhi chaired by the Education Minister of both the countries.
  • The Australia-India BRIDGE school partnerships project, which is currently confined to private schools, will connect Australian and Indian schools and focus on building teacher capability across key learning areas, including science, technology, engineering and mathematics, information and communication technologies, intercultural understanding, values and inclusive education.

Second Forum for India-Pacific Islands Cooperation (FIPIC) Summit held in Jaipur

  • The Second Forum for India-Pacific Island Cooperation Summit was held on 21 August 2015 in Jaipur, Rajasthan.
  • Besides the Prime Minister Narendra Modi, the summit was attended by heads of states and governments and key officials of the 14 pacific island nations of the group.
  • During the summit the leaders discussed common areas of cooperation including marine resources exploration, oil and natural gas, mining, IT, health care, fishing, marine research and space collaboration, climate change, UN reforms.
  • Further, Prime Minister Narendra Modi also held bilateral dialogue with various heads of governments on the sidelines of the summit.

Union Government launched 'Sehat' to provide healthcare facilities in rural areas

  • The Union government on 25 August 2015 launched a telemedicine initiative 'Sehat' in collaboration with Apollo Hospitals to provide healthcare facilities in rural areas.
  • The initiative was launched by Union Communication and IT Minister Ravi Shankar Prasad at a function in New Delhi.
  • Under the initiative people will be able to consult doctors through video link and also order generic drugs. It will also help in providing quality and affordable healthcare is one of the emerging needs for citizens in rural areas.
  • The Common Service Centres (CSCs) have been delivering tele-consultation services with support from Apollo and Medanta Hospitals in some areas. These CSCs will also provide diagnostic services and promote sale of generic drugs through collaboration with Health Ministry by setting up Jan Aushadhi Stores.

India, Egypt signed two MoUs to deepen bilateral cooperation

  • India and Egypt on 24 August 2015 signed two Memorandum of Understandings (MoUs) to enhance bilateral cooperation.
  • They were signed in Egypt’s capital Cairo during the visit of External affairs minister Sushma Swaraj to Egypt and they were

MoU on Cooperation in the field of Tourism
  • Aimed at enhancing bilateral cooperation in Tourism, Hospitality and Human Resource Development; Draw up a road map for enhancing cooperation; establish a Joint Working Group (JWG) on tourism cooperation.

MoU on scientific and technical Cooperation
  • It was signed between the Council of Scientific and Industrial Research (CSIR) and the National Research Center (NRC) of Egypt.
  • It will support promotion and extension of cooperation in Scientific Research and Technology Development in fields of mutual interest; Cooperate on common intellectual property rights; Develop Working Program to review the implementation of MoU; Establish Joint Committee; Exchange of scientists, scholars, information; Joint Research Programmes in water desalination, solar energy, medicine and affordable health care, setting up joint laboratories, etc.

Rajasthan Government and FCEL inked agreement to launch Annapurna Bhandar Yojana

  • Rajasthan State Food and Civil Supplies Corporation (RSFCSC) and Kishore Biyani-led Future Consumer Enterprise Ltd (FCEL) on 20 August 2015 inked an agreement to launch the Annapurna Bhandar Yojna, which is a Public Private Distribution Scheme, the first-of-its kind in India.
  • The agreement was signed in presence of Vasundhra Raje, Chief Minister of Rajasthan in Jaipur.
  • The agreement was signed with an aim to provide better quality multi-brand consumer goods at competitive prices to the public of the state through Fair Price Shops (FPS).
  • Under the Yojna, Annapurna Bhandars will emerge as malls in rural areas of Rajasthan and in the first phase, the scheme would be operational through five thousand Fair Price Shops in the state.
  • As a pilot run, this scheme was launched through five shops in Jaipur city and one at Udaipur by supplying multi-brand daily consumption products.

Nobel laureate Muhammad Yunus to help Maharashtra in reviving MSMEs

  • Social entrepreneur and Nobel Peace Prize winner Muhammad Yunus of Bangladesh will guide Maharashtra on microfinance and how to revive dying Micro, Small and Medium Enterprises (MSMEs) in the State.
  • On a special invitation extended by the State government, Mr. Yunus — the founder of Grameen Bank — will hold a discussion with top ministers and bureaucrats on September 6.
  • Apart from sharing his experience , he is also expected to discuss the government’s thrust on a road-map for future development of the MSME sector in the State.
  • At present, the State is suffering from the closure of high number of small scale industries. Out of the total number of 2.54 lakh, around 30,549 units are closed for various reasons, ranging from lack of finance to unavailability of skilled labour.

India to implement Sendai framework for disaster reduction

  • India will implement the Sendai framework for disaster risk reduction in letter and spirit, Union Minister of State for Home Kiren Rijiju said today.
  • Inaugurating a workshop on 'Enhancing Private Sector Partnership for Disaster Risk Reduction' here today, Rijiju said India has upscaled its efforts to assist its neighbours and other countries in the field of disaster risk reduction.
  • The 'Sendai Framework for Disaster Risk Reduction 2015-2030' was adopted during the third UN World Conference on disaster risk reduction held in Sendai, Japan on March 14-18, 2015 where India was represented by Home Minister Rajnath Singh.
  • The implementation of the Sendai framework involves adopting integrated and inclusive institutional measures so as to work towards preventing vulnerability to disaster, increase preparedness for response and recovery and strengthen resilience.

Indian Army inaugurated Jaisalmer War Museum and Laungewala War Memorial

  • 'Jaisalmer War Museum’ established in the Military Station of Jaisalmer, Rajasthan was inaugurated on 24 August 2015. The museum was inaugurated by Lieutenant General Ashok Singh, General Officer Commanding in Chief of Southern Command to mark the Golden Jubilee Commemoration Year of 1965 Indo Pak War.
  • The War Museum is located 10 km short of Jaisalmer on the Jaisalmer - Jodhpur Highway.

Appointments –

Ananth Padmanabhan appointed as CEO of HarperCollins India

  • Ananth Padmanabhan was on 25 August 2015 appointed as the Chief Executive Officer (CEO) of HarperCollins India with effect from October 2015. Padmanabhan succeeded P M Sukumar. 
  • Padmanabhan will have overall responsibility for all divisions of the business and will report to Charlie Redmayne, CEO of HarperCollins UK. While the responsibility for running the day to day Collins India education business remains with Krishna Naroor.
  • Presently, Padmanabhan is working as a Senior Vice President of Sales at Penguin Random House. He has a total of 20 years of experience in the publishing sector.

Girish Sahni assumed charge as Director General of CSIR

  • Girish Sahni on 26 August 2015 assumed charge as the Director General of the Council of Scientific and Industrial Research (CSIR) with effect from the 24 August 2015. Additionally, Sahni will also serve as Secretary, Department of Scientific & Industrial Research, Union Ministry of Science & Technology.
  • Previously, Sahni had been the Director of CSIR-Institute of Microbial Technology (CSIR-IMTECH), Chandigarh.
  • Born on 2 March 1956, Sahni specializes in Protein Engineering, Molecular Biology, and Biotechnology. He is internationally recognized for his research contributions. He is Fellow of Indian National Science Academy, New Delhi; Indian Academy of Science, Bangalore, and NASI, Allahabad.

Sports –

India to host Commonwealth weightlifting for first time

  • For the first time in the history of weightlifting, an individual international tournament will be organised in India when it hosts the Commonwealth Youth, Junior and Senior Weightlifting Championships in Pune, Maharashtra from October 11-15.
  • India will field 40 weightlifters- 11 youth (boys & girls), 16 junior (men & women) and 13 senior (men & women) in the Commonwealth Championships.
  • Meanwhile, five weightlifters will take part in the 26 Women & 45 Men Senior Asian Weightlifting Championships to be held in Phuket, Thailand from September 3-12.
  • Another two weightlifters will represent India in the 5th Commonwealth Youth Games to be held at Apia, Samoa from September 3-12.


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