Current Affairs Update – 23–24th August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 23rd and 24th August, 2015. These are Important for the upcoming IBPS RRB, IBPS Clerk Exam 2015.

Banking –
Financial Services started operations as Scheduled Commercial Bank

  • Bandhan Financial Services, a Micro Financial Institution (MFI),
    on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB).
    Henceforth it will be called as Bandhan Bank.
  • The banking services were inaugurated by the Union Finance
    Minister Arun Jaitley in Kolkata.
  • With this, Bandhan became the first micro finance company in the
    country to start operations as a full-fledged commercial bank. It is also the
    first commercial bank from Eastern India to get RBI clearance since
  • Bandhan along with IDFC (Infrastructure Development Finance
    Company) were granted banking licenses in 2014 by the Reserve Bank of India
    (RBI). The move was aimed at deepening financial services reach in the country
    by utilizing the services of the existing players in the market.

India –
commissioned 1st ever Hydro-power plant at Chilla
  • Delhi Jal Board (DJB) on 23 August 2015 commissioned the first
    ever Hydro-power plant in the city. The power plant set up at Chilla area of
    east Delhi will be run through the Hydraulic Turbine propelled by treated
    effluents coming out of a Sewerage Treatment Plant.
  • An official release said that the treated effluents will fall
    through the height of 4.8m and create pressure and velocity that will propel
    rotation of the turbine thereby generating power. It is a Pilot Project which
    has been set up free of cost and will produce 20000 KWH of electricity per
  • The release also termed the technology as pollution free, as no
    fossil fuel is being used in the generation of the power.

Egypt agree to step up bilateral cooperation

  • India and Egypt on Monday decided to put in place a bilateral
    framework for enhancing cooperation in key areas of security, counterterrorism,
    defence and investments.
  • Both sides agreed to step up engagement in a range of potential
    areas while underlining the need to combat terrorism particularly the threat of
    IS in an effective manner as visiting External Affairs Minister Swaraj called
    on Egyptian President Fattah Al-Sisi.
  • The Indian side suggested that the IS should be fought in a “determined
    and collective manner.”
  • Ms. Swaraj later met her Egyptian counterpart Sameh Hassan Shoukry
    during which both sides reviewed the entire gamut of relationship and decided
    to diversify defence cooperation from training of personnel to defence

Trusts signs MoU with AP for developing smart villages
  • Tata Trusts has signed a Memorandum of Understanding (MoU) with
    the Andhra Pradesh Government to develop 264 villages in Vijayawada
    constituency and transform them into smart villages.
  • In a major boost to the State Government’s flagship ‘Smart
    Village-Smart Ward’ programme, the Tata Trusts has agreed to work in the areas
    of bamboo cultivation, fisheries, health and nutrition and village development.
  • During an interaction with AP Chambers of Commerce and Industry
    Federation in Vijayawada on Monday, Chief Minister N. Chandrababu Naidu said,
    “Ratan Tata’s (Chairman Emeritus of Tata Group), credibility and simplicity add
    value to this social programme.”

MSSRF to work for conservation of coastal resources of Andhra Pradesh
  • United Nations Framework Convention on Climate Change (UNFCCC) and
    the Chennai-based MS Swaminathan Research Foundation (MSSRF) in third week of
    August 2015 agreed to work together for the conservation of coastal resources
    in Andhra Pradesh.
  • The UNFCCC has sanctioned 3.8 crore rupees for the potential
    adaptation strategy of MSSRF in Krishna district through an adaptation fund.
  • The objective of the adaptation initiative is to overcome the
    consequences of sea level rise and seawater inundation following cyclones.

Sports –
Sri Lankan
cricketer Kumar Sangakkara retired from International Cricket

  • Former Sri Lankan cricket captain and batsman Kumar Sangakkara on
    24 August 2015 retired from International Cricket.
  • He played his last match against India as part of three match test
    series held in Colombo, Sri Lanka.
  • In an event held on this occasion, he was offered the post of Sri
    Lanka’s High Commissioner to the UK by the Sri Lankan president Maithripala
  • Sangakkara had already taken retirement from One-Day International
    (ODI) and Twenty-20 cricket. He retired from Twenty-20 cricket format after Sri
    Lanka won the T20 World cup in 2014.  He
    retired from ODI cricket format after the ICC World Cup 2015.
  • In his Test match career he scored 38 centuries and 52
    half-centuries from 134 matches.
  • In ICC World Cup 2015, Kumar Sangakkara created a record by
    becoming first batsman to score hundreds in three consecutive World Cup
  • In 2011, he was named as the ODI Cricketer of the Year at the ICC
    awards ceremony and in 2012, he was honoured as one of the Wisden Cricketers of
    the Year.
  • On 29 January 2015, Sangakkara became Sri Lanka’s highest ever ODI
    run scorer by surpassing the previous record of 13430 runs held by cricketer
    Sanath Jayasuriya.

Usain Bolt
won 100 meter title at 2015 World Championships in Athletics in Beijing
  • Jamaican sprinter Usain Bolt on 23 August 2015 won the 100 meter
    title at the 2015 World Championships in Athletics held at Beijing in China.
  • The defending champion completed the race in 9.79 seconds
    surpassing his American rival Justin Gatlin who completed the race in 9.80
  • With this win, Bolt joined the select league of Carl Lewis and
    Maurice Greene who won the title for three times.
  • Earlier in February 2015, the 28-year-old six-time Olympic gold
    medalist declared that he would retire after 2017 World Championships in

Federer won Cincinnati Masters Men’s Singles tennis title for record seventh
  • Roger Federer of Switzerland on 23 August 2015 won the Cincinnati
    Masters Men’s Singles title by defeating Novak Djokovic of Serbia. The final
    match was held at Cincinnati in Ohio State of the USA.
  • Federer defeated the reigning world champion 7-6 6-3 to win the
    title for record seventh time.
  • He won in all his appearances in the finals held in 2005, 2007,
    2009, 2010, 2012, 2014 and 2015 out of which he defeated Djokovic in 2009 and
    2012. For Djokovic, it is the fifth appearance in the finals and so far he did
    not win a single title.
  • The title is considered as one of nine elite Masters 1000
    tournaments on the ATP World Tour and Federer won it most of the times till

Aditi Ashok became first Indian to win the Ladies British Amateur Golf

  • Aditi Ashok of Bengaluru on 22 August 2015 became the first Indian
    to win the Ladies British Amateur stroke play golf championship at the Moortown
    Golf Club at Leeds, United Kingdom.
  • 17-year-old Aditi is not only the first Indian to take the title,
    but also the youngest-ever winner of the tournament.
  • Over the 4 days of the tournament, Aditi shot four days total of
    11-under 285 (71, 73, 70, 71) at the par 74 club. She carded five birdies and
    four bogeys in halves of 37-34 and made one eagle on 16th on the final day.

won 2015 Ashes Test series 3-2

  • England cricket team on 23 August 2015 won 2015 Ashes Test series,
    3-2 against Australia at England. In the fifth and final match of the series,
    Australia defeated England by an innings and 46 runs at Ovals.
  • England had already clinched the series with victories in three of
    the first four games.

  • 1st Test: Played at Sophia Gardens, Cardiff between 8 July and 11
    July 2015. England won the match by 169 runs. Joe Root of England was declared
    Player of the match.
  • 2nd Test: Played at Lord’s, London between 16 July and 19 July
    2015. Australia won the match by 405 runs. Steven Smith of Australia was
    declared Player of the match. The match also saw debut of Australian cricketer
    Peter Nevill.
  • 3rd Test: Played at Edgbaston, Birmingham between 29 July and 31
    July 2015. England won the match by 8 wickets. Steven Finn of England was
    declared Player of the match.
  • 4th Test: Played at Trent Bridge, Nottingham between 6 August and
    8 August 2015. England won the match by an innings and 78 runs. Stuart Broad of
    England was declared Player of the match.
  • 5th Test: Played at Kennington Oval, London between 20 August and
    23 August 2015. Australia won the match by an innings and 46 runs. Steve Smith
    of Australia was declared Player of the match.
  • Chris Rogers of Australia and Joe Root of England jointly shared
    the man of the series award.

End of the series also saw an end to the Test career of Australian
Skipper Michael Clarke. He had announced his retirement after Australia’s
defeat in the fourth test which helped England retain the Ashes. Steven Smith
was named the new captain.

Williams won Cincinnati Masters Women’s Singles title for second time
  • World number one ranking Serena Williams on 23 August 2015 won the
    Cincinnati Masters Women’s Singles title by defeating the third seeded Simona
    Halep of Romania.
  • Having won the 2014 title, it was the third appearance in the
    finals (2013, 2014 and 2015) and the second Cincinnati title win for the
    American player.
  • Also, it the 69th singles overall title for the American player.
  • In the Women’s category, the title is considered only next to the
    four Grand slam titles.

U Mumba
defeated Bengaluru Bulls to win Pro Kabaddi League

  • The raiders became wary of taking undue risks and the final of the
    STAR Sports ProKabaddi League’s second season dished out dismal fare in the
    presence of partisan and vociferous home fans at the National Sports Club of
    India here on Sunday.
  • The defenders of both sides either fell in a heap over the raider
    or hoisted him to win points. On this count U Mumba’s Vishal Mane and Rishank
    Devadiga, and Bengaluru Bulls’ Dharmaraj Cheralathan excelled.
  • The defensive tactics employed by the teams was the highlight of
    the final, and eventually U Mumba, which held the advantage at half time,
    sustained its effort in the second session to prevail 36-30 over a persevering
  • Taking the initiative, the home team’s Shabeer Bapu won two touch
    points, but it was the admirable work done by defender Mane and all-rounder
    Devadiga that caught the attention. Clearly the anxiety to win the title and
    prize money of Rs. 1 crore was weighing down the two teams.

Appointments –
Palekar appointed chairman of India’s Oscar jury

  • Veteran actor-director Amol Palekar has been appointed as chairman
    of India’s Oscar jury, which will select the country’s official entry in the
    best foreign film category of the 88th Academy Awards.
  • The “Gol Maal” star, 70, whose film “Paheli” was India’s official
    entry for the Academy Awards in 2005, will be heading the 17-member jury.
  • The Mumbai-based actor, who has been away from the silver screen
    for quite a sometime, is known for portraying the middle-class Indian in a
    string of films such as “Rajnigandha”, “Ek Chhoti Si Baat”, “Chitchor”, “Gol
    Maal” and “Gharaunda” in the 1970s.
  • He also directed National Award-winning films like “Dhyaas Parva”
    and “Quest”.
  • Last year, “Liar’s Dice”, a road drama starring Geetanjali Thapa
    and Nawazuddin Siddiqui in lead roles, was selected as India’s official entry
    to the best foreign film category after beating “Shahid”, “Queen”, “Mardaani”,
    Marathi films “Yellow” and “Fandry” and Bengali films “Jatishwar” and “Apur
    Panchali” .

Awards & Honors –
Zaina Erhaim

  • The Peter Mackler Award, the US branch of Reporters Without
    Borders (RSF), and Agence France-Presse are pleased to announce that Syrian
    journalist           is the 2015 winner of
    the Peter Mackler Award for Courageous and Ethical Journalism. The award will
    be presented in a ceremony at the National Press Club on October 22, 2015.
  • Zaina Erhaim, 30, currently lives and works in Aleppo, Syria. Over
    the last two years, she has trained about 100 citizen reporters from inside
    Syria, approximately a third of them women, in print and TV journalism, and has
    helped establish many of the new emerging independent newspapers and magazines
    in the war torn country.
  • Erhaim is also the Syria project coordinator for the Institute for
    War and Peace Reporting (IWPR), an international organization that support
    journalists in countries undergoing conflict, crisis, or transition. Many of
    Ms. Erhaim’s students, from all walks of life, have been published in major
    international news outlets.


Team ExamPundit


(adsbygoogle = window.adsbygoogle || []).push({});

Books For 2015 Banking/Insurance Exams