Current Affairs Update – 29th August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 29th August, 2015. These are Important for the upcoming IBPS Clerk 2015 Exam. Newest feature is added today. We will be providing 5 Stock GKs along with the Current Affairs. Please comment your views below.

• India’s apex bank has cautioned its U.S counterpart on going
  ahead with a rate hike, especially at a time when world economic growth is
  stalling which has led to massive volatility in currency, equity and commodity
  markets.
• Caution regarding a hike during the upcoming US Federal
  Reserves (US Fed) rate decision was conveyed by the Reserve Bank of India (RBI)
  Governor Raghuram Rajan in an interview with CNBC at Jackson Hole, Wyoming.
• The US Fed is expected to announce its decision to hike
  interest rates after a decade or so of easy monetary regime with interest rates
  pegged at near zero levels during its policy meet scheduled on September 16-17.
• The Indian markets are worried that the recent positive data
  points from the US has heightened chances of a US rate hike in September.
• High interest rates in the US are expected to lead away the
  foreign portfolio investors (FPIs) from emerging markets like India. It is also
  expected to dent business margins as access to capital from the US will become
  expensive.
• After having cut the short term lending rate thrice thus far
  in this calendar year to bring it down to 7.25 percent, the RBI kept key
  lending rates unchanged during its last monetary policy meet held on August 4.
• RBI that time said that further cuts can only be effected if
  commercial lenders pass on the previous reductions to borrowers. RBI has so far
  reduced lending rates by 75 basis points in 2015.

• State-owned NTPC Ltd, India’s largest power generator, has
  achieved a record highest single-day electricity generation of 733.12 million
  units.
• The record generation of 733.12 million units from NTPC’s 18
  coal-based power plants, 7 gas-based units and 8 solar and hydro power
  stations, was achieved on August 27, the company said in a statement.
• NTPC currently has an installed capacity of 45,548
  Mega-Watts (MW) (including 6,196 MW through joint ventures), according to the
  company website.
• During financial year 2014-15, NTPC contributed 25 per cent
  of total electricity generated in India with 16 per cent share of country’s
  total installed capacity as on March 31.

• Prime Minister Narendra Modi on Saturday paid tribute to
  hockey legend Major Dhyan Chand on his 110th birth anniversary and extended
  best wishes to all sports enthusiasts across the country on the occasion of the
  National Sports Day.
• A few sportspersons and coaches will be honoured with the
  National Sports Awards at Rashtrapati Bhavan in New Delhi on Saturday. National
  Sports Day is celebrated on August 29.
• Dhyan Chand, born on August 29, 1905 was an Indian field
  hockey player, who is widely considered the greatest hockey player of all time
• The legendary hockey player won gold medals for India at the
  1928, 1932 and 1936 Olympics.
• Known as “The Wizard” for his superb ball control, Dhyan
  Chand played his final international match in 1948. He scored over 400 goals
  during his international career.

• Indian women’s hockey team will return to the Olympics after
  a long gap of 36 years as it qualified today for next year’s Rio Games,
  courtesy England making it to the final of the ongoing EuroHockey Championships
  in London.
• England’s semifinal victory over Spain, coming after the
  Netherlands’ win over Germany in the other semifinal in the European
  Championships freed one quota place as both the finalists have already qualified
  for the Olympic Games.
• India took the quota place on the basis of its fifth-place
  finish in the women’s Hockey World League Semifinals in Antwerp, Belgium last
  month.
• International Hockey Federation (FIH) confirmed that Indian
  women’s team has qualified for the Rio Games.
• India are the 10th team to qualify for Rio Olympics. The
  last two participating teams will be confirmed in the 2015 Africa Cup for
  Nations in Egypt and 2015 Oceania Cup in New Zealand in November.
• The Indian women’s team will commence its outing from August
  7 in the Rio Olympics.

• Tennis star Sania Mirza was conferred with the prestigious
  Rajiv Gandhi Khel Ratna, the country’s highest sporting honour, froom the
  President Pranab Mukherjee in a glittering ceremony at the Rashtrapati Bhawan
  in New Delhi on Saturday.
• Sania became the second tennis player to receive the
  country’s highest sporting honour after Leander Paes on a day when Sports
  Ministry was fighting a court case that raised questions against its process of
  selecting the awardees.
• The President also gave away the Arjuna awards even as the
  line-up was low on star power in the absence of cricketer Rohit Sharma, who
  missed the ceremony alongside boxer Mandeep Jangra and quarter miler M R
  Poovamma. In all, the (retired) Justice V K Bali led panel had recommended 17
  names for Arjuna.
• Sania, who attracted the loudest applause from the esteemed
  gathering at the Rashtrapati Bhavan, received a medal, certificate and cash
  prize of Rs. 7.5 lakh. She had flown in just to receive the award ahead of the
  US Open starting in New York on Monday.
• The Arjuna awardees received statuettes, certificates and
  award money of Rs.5 lakh each.
• The ceremony, however, was shrouded in controversy with the
  ignored athletes and coaches not accepting the recommendations of the
  Ministry-appointed panel.

• FMCG firm Gillette India today said it has appointed Al
  Rajwani as its Managing Director for a period of five years, effective today.
• “Al Rajwani has been appointed as Managing Director of the
  company for a period of five years with effect from August 29, 2015,” Gillette
  India said in a BSE filing.
• Besides, Narendra P Sarda has also been appointed as an
  Independent Director of the company, it added.

1. Sechu Tuan Nala Wildlife Sanctuary – Himachal Pradesh
2. Brihadeeswara Temple – Tamil Nadu
3. Sterlite Jharsuguda Power Station – Odisha
4. International Organization for Standardization – Geneva,
   Switzerland
5. Fatorda Stadium – Goa

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