Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 10th August, 2015. These are Important for the upcoming Insurance Exams and IBPS RRB 2015.
Finance
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Xiaomi ties up with
Foxconn to ‘Make in India’
Foxconn to ‘Make in India’
- Chinese smartphone maker Xiaomi Inc has tied up with Foxconn
to start assembling phones in India, seeking to cut costs and grab a bigger
slice of the world’s third-largest smartphone market. - The announcement comes on the heels of a separate
announcement by Foxconn to invest $5 billion in an electronics manufacturing
facility. - Lack of good infrastructure and suppliers have hampered
efforts to manufacture smartphones in the country, forcing most of India’s more
than 100 different phone companies to obtain their products from China and
Taiwan. - An assembly line in the southern state of Andhra Pradesh
will, from Monday, begin rolling out Xiaomi’s first locally made smartphone,
the Redmi2 Prime, company executives said. - The Indian market, which Xiaomi entered in July last year,
has fast become its second-largest market as the company’s low-priced,
feature-rich phones find favour with young and cost-conscious customers.
Railway Finance Corp
to issue Rs 6,000 cr tax-free bonds
to issue Rs 6,000 cr tax-free bonds
- Indian Railway Finance Corporation (IRFC) would raise Rs
6,000 crore through tax-free bonds in the current fiscal, Lok Sabha was told
today. - IRFC has been authorised by the Railway Ministry to issue
tax-free bonds for a total amount of Rs 6,000 crore during the financial year
2015-16 through public issue, Minister of State for Railways Manoj Sinha said
in the House. - Railways would utilise the funds to finance acquisition of
rolling stock such as engines, coaches and wagons for use by the Railways.
Offline payments
enabler ToneTag raises $1 mn from Reliance Capital
enabler ToneTag raises $1 mn from Reliance Capital
- ToneTag, a Bengaluru firm that has developed technology that
enables contactless payments through mobile phones raised $1 million (Rs 6.4
crore) in Series A from Reliance Capital’s Venture fund arm. - The firm uses a patented solution that enables consumers to
pay for goods and services through near field communication (NFC) technology
that uses radio or sound waves. ToneTag says the payment solution works on
feature phones as well as smartphones.The firm says no sensitive data of the
customer is saved either on the mobile or on the cloud. - Founded by Kumar Abhishek, a former Infosys employee and
Vivek Kumar Singh, a chartered accountant by profession, ToneTag’s solution has
been piloted in India and other marktes.
India
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Union Government
launched School Nursery Yojana to bring students closer to nature
launched School Nursery Yojana to bring students closer to nature
- Union Government on 10 August 2015 launched the School
Nursery Yojana, an initiative to bring students closer to nature. The Yojana
seeks to engage class VI to IX in raising of saplings in nurseries created in
schools. - The Yojana was launched by Union Environment Minister
Prakash Javadekar in New Delhi. The underlying theme of the Yojana is to plant
a tree for sustainable future and to make the nation clean and green. - The Yojana in its first phase would cover 1000 schools and
would be extended to 5000 schools in 2016 and 10000 schools the following year. - Under the Yojana, students will grow saplings as part of
practical exercise for biology classes and extra-curriculum activities. - The schools will have eco clubs and school principals will
maintain the nursery for at least five years. - Each school will initially receive first time financial
grant of 25000 rupees for creation of the nursery with essential facilities. - The state forest departments will guide and provide
technical support to schools under the scheme.
Govt Approves 17K
Crore Highways Upgradation Projects
Crore Highways Upgradation Projects
- The government has approved a Rs 16,680-crore National
Highways (NHs) upgradation project that will see construction of about 1,000 km
expressways, covering eight NH stretches, Parliament was informed today. - “Government has approved a plan for construction of
about 1,000 km expressways at an estimated cost of Rs 16,680 crore on design,
build, finance, operate and transfer mode under NHDP phase VI,” Minister
of State for Road Construction and Highways Pon Radhakrishnan told Rajya Sabha
in a written reply. - Radkhakrishnan said the government has identified eight
stretches for upgradation into expressways that include 249 km Delhi-Chandigarh
section of NH-1 and NH-22; 334 km of Bangalore-Chennai section of NH-4; 261 km
of Delhi-Jaipur section of NH-8, and 277 km Kolkata-Dhanbad stretch of NH-2. - The National Highways to be upgraded also include 66 km
Delhi-Meerut section of NH-58; 200 km of Delhi-Agra section of NH-2 and 135 km
length of Eastern Peripheral Expressway.
Amitabh Bachchan
signs up as Maharashtra’s Tiger Ambassador
signs up as Maharashtra’s Tiger Ambassador
- Accepting the proposal by the Maharashtra State government
to work for Tiger conservation, Indian film superstar Amitabh Bachchan on
Monday agreed to represent the State as its Tiger Ambassador. - On August 4, Maharashtra Forest Minister Sudhir Mungantiwar
had written letters to Mr. Bachchan and cricketer Sachin Tendulkar inviting
them to be the Tiger Ambassadors and creating awareness regarding conversation
and protection of the endangered species as well as boost tiger tourism. - Maharashtra has six tiger reserves including Melghat Tiger
Reserve in Amravati, Tadoba-Andhari Tiger Reserve in Mungantiwar’s home
district of Chandrapur, Pench and Nagzira-Navegan Tiger Reserves near Nagpur,
Sahyadri sanctuary which includes CHandoli National Par and Koyna Sanctuary and
Bor tiger reserve in Wardha district. - The tiger population in the state has increased from 103 in
2006 to 169 in 2010, according to the tiger census. Tadoba-Andhari Tiger
Reserve has been extremely popular with tourists due to the increased frequency
of tiger sightings.
Awards
& Honors –
& Honors –
Raghavendra Gadagkar
awarded with Germany’s Cross of Order of the Merit
awarded with Germany’s Cross of Order of the Merit
- Indian sociobiologist Raghavendra Gadagkar was on 7 August
2015 awarded with the Germany’s highest civilian honour Cross of Order of the
Merit at the German Consulate in Bengaluru. - He was bestowed with the honour for his contribution in the
field of behavioural ecology and sociobiology and for strengthening research
corporation between India and Germany. - Currently, Gadagkar is a professor at the Centre for
Ecological Sciences, Indian Institute of Science (IISc). He is also the
president of the Indian National Science Academy and has published more than
270 research papers and two books. - His first book, Survival Strategies, has been translated
into Chinese and Korean. He was also the founding Chair person of the Centre
for Contemporary Studies, established at IISc in 2004.
Ajeet Kumar Saroj,
Varanasi jail inmate awarded with IGNOU gold medal
Varanasi jail inmate awarded with IGNOU gold medal
- Ajeet Kumar Saroj, a 23-year-old culpable homicide convict
lodged in Varanasi central jail was on 8 August 2015 awarded with gold medal by
the Indira Gandhi National Open University (IGNOU) at Banaras Hindu University
(BHU). He was awarded for topping in Diploma in Tourism Studies. - He was awarded his diploma at the 28th convocation of IGNOU
held at BHU, where he was escorted to receive it. He is the only gold medalist
from Varanasi region of IGNOU, which covers 20 districts. - Ajeet, who is serving a 10-year imprisonment, was lodged in
jail in February 2012. He has pursued four certificate courses from IGNOU
before pursuing the Diploma in Tourism Studies.
Goa Tourism Minister
Parulekar conferred with PATWA 2015 award
Parulekar conferred with PATWA 2015 award
- Goa Tourism Minister Dilip Parulekar on 7 August 2015
received the Pacific Area Travel Writers Association (PATWA) – Safari India
South Asia Travel Award 2015. Parulekar is the first tourism minister of Goa to
receive this prestigious award. - Pacific Area Travel Writers Association (PATWA) found in
1998 at the Pacific Area Travel Association (PATA) Conference in Colombo, Sri
Lank, is a professional organization of travel writers. - PATWA is an affiliate of United Nations and World Tourism
Organization (WTO). It adheres to the fundamental principles of the United
Nations Educational, Scientific and Cultural Organization (UNESCO), the United
Nations (UN), and the World Tourism Organization (UNWTO).
Obituaries
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Freedom Fighter,
Author & Poet Kinhanna Rai Dies at 101
Author & Poet Kinhanna Rai Dies at 101
- Freedom fighter, author and poet Kayyar Kinhanna Rai passed
away at his residence in Badiyadka in Kasargod district of Kerala today, family
sources said. - A recipient of the Karnataka Sahitya Academy award in 1969
and the national award the same year for the best teacher, Rai had penned books
on various subjects, including theatre, language, biographies and also for
children. - In 2005, he was conferred an honorary doctorate by Mangalore
University, they said. - Rai was one of the campaigners for merging Kasargod
district, which is now in Kerala and has a sizeable number of Kannadigas, into
Karnataka and founded the ‘Kasargod Merger Action Council’ in 2002. He also
supported formation of a separate ‘Tulunadu’ for the Tulu speaking population.
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