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Tuesday, August 22, 2017

Current Affairs Update – 22 August, 2017


Hello and welcome to exampundit. Here are the Important Current Affairs of 22 August, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.




Banking & Financial News

Forex Reserves to hit USD 400 Billion


  • In a recent report, the leading global financial firm Morgan Stanley estimated that India’s foreign exchange (forex) reserves, for the first time, are expected to touch USD 400 billion by the week to 8 September 2017. Indeed, when adjusted for forward positions Indian forex reserves are already touched USD 407 billion. 
  • In the report, which was released in early August 2017, Morgan Stanley mentioned that surge in the reserves is driven mostly by robust capital inflows and weak credit offtake.
  • It is against this context, it is pertinent to understand the reasons behind the recent surge and its implications.
  • India’s foreign exchange reserves have grown significantly since 1991. The reserves, which stood at USD 5.8 billion at end-March 1991, touched the USD 100 billion mark in December 2003. In April 2007, India joined the USD 200 billion club and reached the  level of USD 300 billion, on a consistent basis, in 2013. 
  • Since then, there is no look back, and, in a span of four years, the RBI could accumulate nearly USD 100 billion dollars. As per the data released by the RBI on 4 August 2017, the forex reserves surged by USD 1.536 billion to touch a new record of USD 392.867 billion by the week ending 28 July 2017.

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News related to India and states

Supreme Court strikes Triple Talaq by 3:2 majority


  • With its trial to give an end to the issue of the Triple Talaq in Muslim community, the five judges of five faith of the Supreme Court of India in its judgement on 22 August 2017 struck down the validity of triple talaq by a majority of 3:2.
  • The court in its verdict also said that the practice of instant triple talaq was violative of Article 14 and Article 21 of the Indian Constitution. It also goes against Shariat and the basic tenets of the Quran.
  • The bench said that the practice violates the fundamental right of Muslim women as it irrevocably ends the marriage without any chance of reconciliation.
  • Justice Rohinton Nariman and Justice Uday Lalit and Justice Kurien Joseph struck down the practice by terming it as unconstitutional. They said that the practice was against the teachings of Quran and hence it couldn't be a practice to be protected under the right to religion.
  • CJI JS Khehar and Justice Abdul Nazeer upheld the validity of triple talaq.
  • Besides, the CJI Khehar also directed the union government to bring law to govern marriage and divorce in the Muslim community. He said to come up with the law in six months.
  • The judges of the bench were Chief Justice JS Khehar (Sikh), Justice Kurian Joseph (Christian), Justice RF Nariman (Parsi), Justice UU Lalit (Hindu) and Justice Abdul Nazeer (Muslim).

ICMR signs deal with IVI for vaccine research and development


  • The Indian Council of Medical Research (ICMR) along with the Union Health Ministry signed a Memorandum of Understanding (MoU) with the International Vaccine Institute (IVI) in South Korea on 21 August 2017 to collaborate on vaccine research and development.
  • The pact was signed between Dr. Soumya Swaminathan, Director General of ICMR and Secretary, Department of Health Research, Manoj Jhalani, Additional Secretary, Ministry of Health and Dr. Jerome H Kim, Director General of IVI.
  • India shares a long history of scientific collaboration with the International Vaccine Institute.
  • India officially became a signatory to the treaty of the South Korea-based organisation in 2012. The IVI has 35 signatory countries in total.
  • The institute has been partnering with several Indian vaccine manufacturers, research institutes, government and public health agencies on vaccine development, research and training.
  • The institute along with Shantha Biotechnics, an Indian biotechnology company based out of Hyderabad, developed Shanchol- the world’s first low-cost cholera vaccine. It was one of the institute’s most successful collaborations in India. The vaccine was licensed in India in 2009 and WHO-prequalified in 2011.

Indian Navy inducts second ship of Landing Craft Utility MK-IV


  • Jagdish Mukhi, Lieutenant Governor of Andaman and Nicobar Islands on 21 August 2017 inducted IN LCU L52 ship (GRSE Yard 2093) into the Indian Navy at Port Blair.
  • IN LCU L52 is the second Landing Craft Utility (LCU) Mk-IV class ship to be inducted into the Indian Navy.
  • The ship is commanded by Commander Kaushik Chatterjee and has a complement of 05 officers, 46 sailors and is capable of carrying 160 troops in addition.
  • It will be based in the Andaman and Nicobar Command and can be deployed for multirole activities like beaching operations, search and rescue, disaster relief operations, supply and replenishment and evacuation from distant islands.
  • LCU MK-IV ship can transport and deploy Main Battle Tanks, Armoured Vehicles, troops and equipment from ship to shore.

I & B Ministry constituted 40-member preview panel for IFFI


  • The Information and Broadcasting Ministry on 21 August 2017 constituted a 40-member 'preview committee’ for the International Film Festival of India 2017, which is going to be held in Goa.
  • While filmmaker Vivek Agnihotri has been chosen as the convenor of the committee, some of the other members include Agnihotri's wife and actress Pallavi Joshi, film critic and screenwriter Khalid Mohamed, editor Aarti Bajaj, 'Dangal' director Nitesh Tiwari, editor Bela Segal, director Aniruddha Roy Chowdhury and former Director General at the Fashion Design Council of India (FDCI) Rathi Vinay Jha.
  • The move came after the Information and Broadcasting Ministry recently postponed a meeting of the previous preview committee comprising around 20 members who were nominated when M Venkaiah Naidu was the I & B Minister.
  • The previous preview committee had been cleared by Naidu in the second week of July. The committee had already initiated the process of selecting films for the esteemed festival and had seen over 150 films. “We don't know whether they will be seen again or not," said a member of the dissolved committee.

Union Government launches Digital Police Portal under CCTNS project


  • Rajnath Singh, the Union Home Minister, on 21 August 2017 launched the Digital Police Portal under the Crime and Criminal Tracking Network & Systems (CCTNS).
  • While launching the system, Singh announced that the Union Ministry of Home Affairs will undertake steps to integrate the various organs of the Criminal Justice System such as the Police, Courts, Prisons, Prosecution, Forensic Laboratories, Finger Prints and Juvenile Homes with the CCTNS database.
  • The minister went on to state that the Interoperable Criminal Justice System (ICJS) will be a useful resource for all stakeholders including the policy makers.
  • The Digital Police Portal will enable citizens to register FIRs online.
  • The portal will also initially offer seven Public Delivery Services in 34 States and Union Territories, like Person and Address Verification of employees, tenants, nurses etc., along with permission for hosting Public Events, Lost & Found Articles and vehicle theft, and so on.
  • On the other hand, the portal will enable restricted access to law enforcement agencies on topics such as Antecedent Verification and make assessment of FIRs.

World News

Google introduces new Android version named Oreo


  • Google on 21 August 2017 officially introduced final version of Android 8.0 named as Oreo, previously it was known as Android O. Oreo is smarter, faster and more powerful than ever.
  • It comes with new features like picture-in-picture and Autofill to help navigate tasks seamlessly.
  • Android Oreo is more secure with inbuilt Google Play Protect, Security Status Front and tighter app install controls. 
  • Google Play Protect detects and remove harmful apps by scanning more than 50 billion apps on 2 billion devices a day.
  • Picture-in-picture feature lets you text, browse the web and read emails while watching a YouTube video.

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British scientists create world’s smallest surgical robot named Versius 


  • British scientists have developed the world’s smallest surgical robot named Versius, which could transform everyday operations for tens of thousands of patients.
  • The robot was developed by a team of 100 scientists and engineers using low-cost technology originally developed for mobile phones and space industries.
  • The robot mimics the human arm and can be used to carry out a wide range of laparoscopic procedures, including hernia repairs, colorectal operations, and prostate and ear, nose and throat surgery. The laparoscopic procedures are those procedures in which a series of small incisions are made to circumvent the need for traditional open surgery. This reduces complications and pain after surgery and speeds up recovery times for patients.
  • Versius is controlled by a surgeon at a console guided by a 3D screen in the operating theatre.
  • The robot is much easier to use compared to other surgical robots. Versius takes up about a third of the space of current machines and will be no more expensive than non-robotic keyhole surgery.

Awards & Honors

K Chandrashekhar Rao selected for Global Agriculture Leadership Award 2017


  • Telangana Chief Minister K Chandrashekhar Rao was on 21 August 2017 selected for the prestigious Global Agriculture Leadership Award 2017 by the Indian Council of Food and Agriculture (ICFA).
  • He was selected for the award for his innovative services rendered to the welfare of farmers and the farm sector.
  • Rao launched various initiatives for the welfare of farmers in the state such as providing free power to farmers, waiving off 1 lakh loan of every farmer, supplying fertilizers in time and announced to credit 4000 per acre per crop to every farmer.
  • His name was recommended by a Committee headed by agriculture scientist MS Swaminathan. The award will be presented to him on 5 September 2017 at Taj Palace Hotel in New Delhi.

Sports News

National Sports Awards 2017 announced


  • The Union Government on 22 August 2017 announced the National Sports Awards. Para athlete Devendra and hockey player Sardar Singh will be honoured with the Rajiv Gandhi Khel Ratna Award.
  • Cricketer Cheteshwar Pujara and football player Oinam Bembem Devi have also been selected for the top national sports award.
  • National Sports Awards are given every year to recognize and reward excellence in sports.
  • The awardees will receive their awards from the President of India at a specially organized function at the Rashtrapati Bhawan on 29 August 2017.

Rajiv Gandhi Khel Ratna 2017

  • Devendra -Para Athlete
  • Sardar Singh - Hockey

Dronacharya Awards 2017

  • Late Dr. R. Gandhi - Athletics
  • Heera Nand Kataria - Kabaddi
  • G.S.S.V. Prasad - Badminton (Lifetime)
  • Brij Bhushan Mohanty - Boxing (Lifetime)
  • P.A. Raphel - Hockey (Lifetime)
  • Sanjoy Chakraverthy - Shooting (Lifetime)
  • Roshan Lal - Wrestling (Lifetime)



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