Current Affairs Update – 28th August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Of 28th August, 2015. These are Important for the upcoming IBPS RRB Office Assistant and IBPS Clerk 2015.

Finance –

Union Government launched E-Payment Module for Deposit of Compensatory Levies into CAMPA Funds

  • The Union Minister of Environment, Forest and Climate Change Prakash Javadekar on 27 August 2015 launched an e-payment module to accept compensatory amount for diversion of forest land in the country.
  • This e-payment module will cut delays and bring transparency in the system which is meant for collecting fund from user agencies which diver forest land for non-forest purpose.

Highlights of the E-payment Module
  • The payment through the e-payment module has to be made to the designated account, depending on the State in which the forest land proposed to be diverted is located.
  • The deposit of compensatory levies through the e-portal will be optional till 31 August 2015.
  • However, the payment of compensatory levies by User Agencies will be accepted only through the e-module from 1 September 2015.
  • With the activation of the e-payment portal, no payments will be accepted other than through the portal, unless specifically ordered by Ad-hoc CAMPA.
  • Initially, payments will be permitted through two modes Online challan mode through RTGS and NEFT and Offline challan mode.

Reliance Communications Ltd tied up with Jasper to offer Internet of Things services in India

  • Anil Dhirubhai Ambani Group’s Reliance Communications Ltd. (RCoM) was on 27 August 2015 entered into an agreement with the USA based Jasper Technologies, Inc. to offer Internet of Things (IoT) services in India.
  • The services are expected to be rolled out by 30 September 2015.
  • Enterprises and individuals in India will be offered IoT services to launch and manage business activities and monitor individual behavioural patterns. Further, it will help businesses to build, implement and go to market faster, while gaining real-time visibility, control and service reliability he said.
  • RCoM will provide or install chips that can relay feedback to its data centres for processing and appropriate action.

India, Germany to continue to exchange tax-related info

  • With a focus on countering black money, India and Germany have decided to continue to exchange tax-related information spontaneously on the basis of the existing agreements.
  • This was agreed upon a meeting between Indian delegation led by the Revenue Secretary, Shaktikanta Das, and the State Secretary of Germany, Johannes Geismann, in Berlin recently. A Finance Ministry statement, issued here on Friday, said that it was also agreed to explore other possibilities of enhancing information.
  • It was decided to resume negotiations on partial revision of the Double Taxation Avoidance Agreement (DTAA) with a view to bring the provisions relating to exchange of information to international standards. Now, both sides will meet here next month and effort would be to agree on a final version to ensure that it is signed soon.
  • This meeting between the Indian and German authorities was in furtherance of Government’s policy of proactive engagement with other countries for exchange of information to counter the menace of tax evasion and stashing of black money abroad.

Government gives nod to 6 new SEZ proposals

  • The government today approved six new proposals, including four from IT and ITeS sector, for setting up of Special Economic Zones (SEZs).
  • The decision was taken by the Board of Approval (BoA) for SEZ, chaired by Commerce Secretary Rita Teaotia, a Commerce Ministry official said.
  • The proposals which got the approval include those of HCL IT City Lucknow, Loma IT Park Developer and North Mumbai International Commodity Township.
  • HCL IT City Lucknow and Loma IT Park Developer have proposed to set up IT/ITeS zones in Lucknow and Mumbai, respectively.
  • The Commerce Ministry is taking steps to increase exports as the country's shipments in the last four financial years have been hovering around USD 300 billion.
  • SEZs account for about 25 per cent of the country's total exports.

India –

Aurangzeb Road to be renamed Abdul Kalam Road in Delhi

  • Aurangzeb Road in Lutyen’s Delhi will soon be known as APJ Abdul Kalam Road with the New Delhi Municipal Council (NDMC) today giving its nod in this regard.
  • Following the former President’s demise last month, there had been a demand from many sections of the society for dedicating a road after him as a token of love and tribute to the “missile man”.
  • Aurangzeb road begins at the Taj Mansingh hotel near India Gate and joins Safdarjung Road near the official residence of the Prime Minister.

Manipur government handed over 336.93 acres land for National Sports University

  • Manipur Government on 27 August 2015 handed over 336.93 acres of land at Yaithibi Khunou in Thoubal district to Union Ministry of Youth Affairs and Sports for construction of National Sports University.
  • Earlier in first week of August 2015, a central team headed by Sports Secretary visited the site and identified it as the first preference for establishment of the University. They visited the site after Union Government announced its plan to set up a University in the state.
  • The University will introduce B.PEd, MPEd, diploma/certificate courses, physiotherapy, fitness, sports management, sports journalism and others.

Samsung launches free, solar-powered mobile charging stations in Bengaluru

  • Samsung Electronics has introduced a first-of-its-kind initiative in Bengaluru that would delight smartphone users who are constantly faced with battery drain during the course of their workday.
  • The Korean mobile phone manufacturer, which enjoys 40 per cent market share in value and 33 per cent in volume in the country, has installed solar-powered mobile charging stations in front of five Samsung smart cafes across the city for customers to get their phone battery recharged for free.
  • The locations are CMH Road, Indiranagar; Total Mall, Sarjapura Road; Sahakaranagar, Malleswaram and Vijayanagar.
  • The solar charger is installed on a 10-foot-high pole fixture with a charging dock at 4ft height and can be used by eight people simultaneously to charge their smartphones on the go.

Sports –

Air India won Guru Tegh Bahadur Hockey title after 7 years

  • Air India's Hockey team on 27 August 2015 won the Guru Tegh Bahadur Hockey title. In the finals played at the MHA-Mahindra Stadium in Mumbai, Air India defeated defending champions Army XI 3-1 via the penalty shoot-out after the two teams were deadlocked goalless in regular play.
  • Air India regained the title after seven years. Last time, it won the title in 2008.
  • Air India's goalkeeper Adrian D'Souza won the Player of the final Award from the tournament's organizers, Mumbai Hockey Association Limited. Army’s goalkeeper Najmudeen was declared as the Best Goalkeeper in the tournament.

Usain Bolt won 200 meter title at 2015 World Championships in Athletics in Beijing

  • Jamaican sprinter Usain Bolt on 27 August 2015 won the 200 meter title at the 2015 World Championships in Athletics held at Beijing in China.
  • Bolt completed the race in 19.55 seconds surpassing his American rival Justin Gatlin who completed the race in 19.74 seconds.
  • Earlier, on 23 August 2015, he also won the 100 metre gold against the same rival Justin Gatlin.

AB de Villiers broke Sourav Ganguly's record of fastest 8000 ODI runs

  • South African skipper AB de Villiers on 26 August 2015 became the fastest batsman to reach 8000 One Day International (ODI) runs. He achieved the fete during the third ODI against New Zealand in Durban which South Africa won by 62 runs to claim the series, 2-1.
  • De Villiers, who went past 8000 runs in just his 182 innings, broke the previous record held by former Indian captain Sourav Ganguly.
  • Ganguly achieved the fete in 200 innings and Sahin Tendulkar, the leading run-scorer in ODIs achieved it in 210 innings.
  • De Villiers currently holds the record for the fastest half-century, fastest century and the fastest 150 in ODIs.

Appointments –

Balachandran M re-appointed Non-Executive Chairman of payments corp

  • Balachandran M has been re-appointed the Non-Executive Chairman of National Payments Corporation of India (NPCI) for a further period of two years.
  • He assumed office as Non-Executive Chairman two years back following the resignation of former NPCI Chairman N. R. Narayana Murthy.
  • Balachandran incidentally has served as Chairman & Managing Director of Bank of India, Director-IBPS, and Nominee Director of the RBI to the board of NPCI before his appointment in NPCI.
  • The Corporation has grown in the last two years, particularly in RuPay card, immediate payment service (IMPS), and Aadhaar-based electronic transfer systems

Greece appoints first female prime minister

  • A monumental moment in Greek politics happened Friday when Vassiliki Thanou, president of the country's Supreme Court, was sworn in as the first female prime minister in the nation's history. The 65-year-old justice was named to head a caretaker government until the country holds early elections next month.
  • After a final effort to get political party leaders to form a coalition led by former Energy Minster Panagiotis Lafazanis failed, President Prokopis Pavlopoulos was obligated to appoint a caretaker administration.
  • The date for Greece's general elections—the fifth in six years—is to be officially announced in the next few days, but it is likely to be scheduled for Sept. 20, according to Greek political analysts.

Kandakatla Manohar appointed as Director of NIMS

  • Dr Kandakatla Manohar was on 27 August 2015 appointed as the Director of Nizams Institute of Medical Sciences (NIMS) of Hyderabad. His appointment was approved by the Telangana Government. He succeeded Dr L Narendranath.
  • Manohar is a native of Penchikalapeta of Warangal district and is working as the Superintendent of the MGM Hospital in Warangal.

Awards & Honors –

Noted Indian Scientist Awarded First Sunhak Peace Prize

  • Noted Indian agriculture scientist Dr Modadugu Vijay Gupta, who has done pioneering work in aquaculture in India, Bangladesh and several Southeast Asian countries, was today awarded the first Sunhak Peace Prize which he shared with the President of Kiribati Islands.
  • Mr Gupta, 76, shared the USD 1 million prize with President of Kiribati Islands Anote Tong in Seoul at a glittering function which was attended by invitees from all over the world.
  • Mr Tong, 63, the head of the Pacific Ocean island nation which is facing dire prospects of being engulfed by rising sea waters by 2050, was chosen for the award for his dogged fight to end the carbon emissions which are spelling doom for small island nations.
  • Billed as an alternative to the Nobel Peace Prize, the awards were presented by South Korean religious leader Dr Hak Ja Han Moon, the wife of late Rev Sun Myung Moon, who instituted the awards to recognise and highlight the work of individuals making big efforts for the betterment of the people.

Barcelona's Lionel Messi wins UEFA Best Player in Europe award

  • Lionel Messi added another individual trophy to his collection Thursday, being voted UEFA's Best Player in Europe for last season.
  • The Barcelona star beat Luis Suarez, his teammate at the Champions League winner, and Real Madrid's Cristiano Ronaldo in a Europe-wide poll of journalists.
  • Messi, the four-time FIFA world player of the year, got the UEFA honor after a season-long duel with Ronaldo for the Champions League scoring record. Both resume this season on 77 goals.
  • Suarez, who scored the decisive second goal in the 3-1 final win over Juventus in June, reached the shortlist despite starting his season in late-October. The Uruguay forward served a FIFA ban for biting at the 2014 World Cup.


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