Current Affairs Update – 19-21 August, 2017 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs


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Monday, August 21, 2017

Current Affairs Update – 19-21 August, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 19 to 21 August, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial News

RBI to issue new fluorescent blue Rs 50 banknotes

  • The Reserve Bank of India (RBI) on 18 August 2017 introduced Rs 50 banknotes in the Mahatma Gandhi (New) Series, bearing signature of Urjit R. Patel, Governor of Reserve Bank of India.
  • The bank will shortly issue these new 50 denomination banknotes which are fluorescent blue in colour. The dimension of the banknote will be 66 mm x 135 mm.
  • The new notes have motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The note has other designs, geometric patterns that align with the overall colour scheme, both at the obverse and reverse sides.
  • Moreover, all the banknotes in the denomination of Rs 50 issued by the Reserve Bank in the earlier series will continue to be legal tender.

Features of Obverse Side of Rs 50 note

  • Denominational numeral 50
  • Denominational numeral ५० in Devnagari
  • Portrait of Mahatma Gandhi at the centre
  • Micro letters ‘RBI’, ‘भारत', ‘INDIA’ and ‘50’
  • Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem
  • Ashoka Pillar emblem on the right
  • Mahatma Gandhi portrait
  • Number panel with numerals growing from small to big on the top left side and bottom right side

Features of Reverse Side of Rs 50 note

  • Year of printing of the note on the left
  • Swachh Bharat logo with slogan
  • Language panel
  • Motif of Hampi with Chariot
  • Denominational numeral ५० in Devnagari


Assam government to launch Compassionate family pension instead of employment

  • The state government of Assam announced on 20 August 2017 that it would be launching a new scheme called Scheme for Compassionate Family Pension (CFP) in place of Compassionate Appointment, as the former approach didn’t serve the objective due to practical difficulties.
  • Elaborating on the same, the state government released an official statement, which read, “It has been noticed that the existing compassionate appointment policy did not fully serve the objectives and often the legal heir fails to get an appointment immediately due to practical difficulties such as lack of educational qualifications and non-availability of vacancies.”
  • Only five cent vacancies can be filled under such appointment.
  • Further, a standing high court ruling states that if the next of kin of a deceased doesn’t get appointment within three years of the employee’s death then, that person cannot claim the appointment later on.
  • Other problems include, the deceased employee’s next of kin cannot get a post where his guardian worked even if he/she has the required qualification.
  • Hence, CFP has been brought on in place of providing compassionate appointment to the next of kin of the deceased employee. It was promised in the budget speech of 2017-18, which was made by State Finance Minister Himanata Biswa Sarma. If it gets the Cabinet nod, it will be effective from April 2018.

News related to India & States

First three of 24 fast track courts for Maharashtra to be set up in Mumbai, Thane

  • The Law and Judiciary Department on 19 August 2017 issued an order for setting up of the first three of 24 fast track courts for Maharashtra in two of its most populous cities.
  • While one of the courts would be set up in Mumbai, the other two would be set up in Thane. The courts would be dealing with heinous crimes like rape and murder.
  • According to official sources, the fast track courts were recommended by the 14th Finance Commission to strengthen judicial systems in the States. Following this, the Centre ordered for the setting up of 1800 such courts across the country within the next five years.
  • Besides this, other recommendations of the Commission included mediation centres, more family courts, centres for dispute resolution, technical staff for scanning and digitisation, law schools and more Lok Adalats.
  • As far as the funding is concerned, the Centre has set aside ₹4114 Cr for the project. While UP will be given ₹488 Cr, Maharashtra, which is placed second on the list of beneficiary States, was allocated ₹469 Cr for establishing the fast track courts.
  • Other states including Gujarat, Bihar and Madhya Pradesh were allocated ₹400 Cr, ₹338 Cr and ₹306 Cr respectively.

Union Government plans 40% reservation for girls at Navodaya schools

  • The Union Minister Mukhtar Abbas Naqvi in August 2017 announced that the Union Government has decided to proffer 40 per cent reservation for girls at 100 Navodaya-type schools and five higher education institutes it plans to set up for minority community students.
  • Naqvi stated that the government is mulling to open the 100 Navodaya-type schools in minority concentrated areas of India.
  • The purpose of the plan is to empower the communities with dignity. The government will give 40 per cent reservation to girls from the communities in the schools and also in the institutes. This is to ensure they complete their education.
  • The decision was taken following a high-level panel formed by the Maulana Azad Education Foundation (MAEF), in its report recently recommended a three-tier model to tackle educational backwardness among minorities, particularly the Muslims.
  • The suggested model includes creating infrastructure to impart education at primary, secondary and tertiary levels by opening 211 schools, 25 community colleges and the five institutes.
  • The panel suggested that the proposed schools could work on the patterns of Kendriya Vidayala or Navodaya Vidyalaya.



Nikolay Kudashev appointed as Russia's Ambassador to India

  • Career diplomat Nikolay Kudashev was on 18 August 2017 appointed as the Russia's Ambassador to India. His appointment was approved by Russian President Vladimir Putin.
  • The appointment of Kudashev came seven months after the death of Russia's previous Ambassador to India Alexander Kadakin. After his sudden demise, Anatoly Kargapolov represented Russia in New Delhi as Charge d’Affairs.
  • Kudashev, a specialist in South East Asia, is currently serving as the Deputy Director General Secretariat of the Ministry of Foreign Affairs of Russia.
  • Kudashev was the Russian Ambassador to Micronesia and the Marshall Islands in 2014-2015.

Sanjiv Gupta appointed as President and MD of General Motors India

  • Sanjiv Gupta was on 17 August 2017 appointed as the President and Managing Director (MD) of General Motors India. He will join the office on 1 September 2017. Prior to this appointment, Gupta was serving as the Chief Financial Officer.
  • Gupta will succeed Kaher Kazem, who has been appointed as the President and CEO of General Motors Korea.
  • Gupta will also continue to serve as Chief Financial Officer.

Awards & Honors

President gives away National Safety Awards (Mines) for the years 2013 & 2014

  • President Ram Nath Kovind on 17 August 2017 presented the National Safety Awards (Mines) for the years 2013 and 2014. The awards were given away at a function held at Vigyan Bhavan in New Delhi.
  • In all, there were 37 Winner prizes and 34 Runner-up prizes which were given away to the winning mines in the award function organized by the Ministry of Labour and Employment.
  • The awards were given in different categories to different organisations. Few of them includesCoal Mines – Belowground with difficult mining conditions (winner Jamadoba Tata Steel Ltd.), Coal Mines – Belowground (others) (winner Parbelia Colliery Eastern Coalfields Ltd) and Metal Mines – Mechanised Opencast (winner Bhimtanagar Sukinda Chromite Mine Tata Steel Ltd) among others.

Rahul Doshi crowned as ‘Child Genius’ in UK

  • A 12-year-old Indian-origin boy, Rahul Doshi, on 20 August 2017 was crowned as the UK’s ‘Child Genius’ in a popular television quiz competition.
  • Rahul Doshi, who a few days a back became an overnight sensation after answering all questions correctly in previous rounds, won the Channel 4 show 'Child Genius' by defeating his nine-year-old opponent Ronan 10-4 in the programme's finale.
  • He had become an overnight sensation earlier this week after he answered all questions correctly. The school boy from north London clinched the title by answering a question on 19th Century artists William Holman Hunt and John Everett Millais.
  • Rahul Doshi believed to be having an IQ higher than Albert Einstein and Stephen Hawking, impressed with the knowledge of his chosen subject - Edward Jenner's medical innovation and methodology in 18th Century England.

World News

NASA launches TDRS-M Satellite to help astronauts communicate with Earth

  • NASA on 18 August 2017 launched Tracking and Data Relay Satellite (TDRS-M) to help astronauts at the International Space Station in communicating with the Earth.
  • This USD 408 million Boeing-made satellite was sent into space through United Launch Alliance Atlas 5 rocket that was launched from Cape Canaveral, Florida.
  • The TDRS-M satellite will facilitate space-to-ground communication for NASA’s low-Earth orbit operations.
  • It will ensure that scientists, engineers and control room staff can readily access data for missions like the Hubble Space Telescope and the International Space Station.
  • It will support critical space communication into the mid-2020s.
  • The 7600 pound TDRS-M satellite is the last of 13 such satellites that have been launched since 1983 and is designed to last at least 15 years.

Sports News

Arabian cap-shaped World Cup stadium to be built in Qatar for FIFA 2022

  • The organisers of the 2022 FIFA World Cup announced on 20 August 2017 that Qatar, the host nation, would be building a stadium shaped like an Arabian skull cap for the event.
  • The gulf state has moved ahead with its preparations for the big tournament despite rising tensions due to a diplomatic rift with its Arab neighbours.
  • Four Gulf States including Saudi Arabia, Egypt, Bahrain and the United Arab Emirates boycotted Qatar in June 2017, accusing it of supporting and sponsoring terrorism- a charge that Qatar has denied. The states not only cut off all links with the country but also imposed economic sanctions on it.
  • Despite the boycott, Qatar has got food flown in from Turkey and Iran and chartered ships through Oman to bring in construction material needed for World Cup building projects.
  • The stadium called Al Thumama is located in Doha and will be designed by a Qatari architect in the shape of a traditional knitted "gahfiya" Arabian cap.
  • It is expected to host around 40000 fans in the World Cup quarter-final match.


World Humanitarian Day observed globally

  • World Humanitarian Day (WHD) was observed across the globe on 19 August 2017 with the theme #NotATarget.
  • The day is commemorated every year to pay tribute to aid workers who risk their lives in humanitarian service and also to rally support for people affected by crisis around the world.
  • This campaign follows a report by UN Secretary General António Guterres, which called for the protection of civilians. Laying out his ‘path to protection’, Guterres appealed for enhanced respect for international humanitarian and human rights law and protection of civilians, including humanitarian and medical workers as well as civilian infrastructure.


Polish-US writer Janusz Glowacki passes away

  • Renowned Polish-US playwright and screenwriter Janusz Glowacki passed away on 19 August 2017. However, the cause of his death was not revealed. He was 78.
  • Glowacki was the author of award-winning plays “Antigone in New York” and “The Fourth Sister”.
  • His dark and absurd humour was also helpful in protecting his works from censors like the 1970 movie 'The Cruise' that in intricately showed the absurdities of life under communism in Poland.
  • He settled in New York in the early 1980s, choosing not to return to Poland after its communist authorities imposed martial law.




Team ExamPundit

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