Current Affairs Update – 20th – 22nd August, 2016

Hello and welcome to exampundit . Here are the important Current Affairs from 20th to 22nd August, 2016. These are important for the upcoming RBI Grade B Phase I, Bank of Baroda and Bank of Maharashtra PO and IBPS PO VI Mains Exams.

Current Affairs at a Glance – 20th – 22nd August, 2016

  1. Union Government on 20 August
    2016 appointed Dr.
    Urjit R Patel as the 24th governor of Reserve Bank of India (RBI)
    .
    He will be having tenure of three years with effect from 4 September 2016.
  2. Former CCI head Ashok Chawla will take over as Non-Executive Part-time Chairman of YES
    Bank
    from October as the lender has received approval from the Reserve
    Bank for this appointment.
  3. Amul Managing Director RS Sodhi has
    been appointed as independent director on the board of India Post Payment Banks
    (IPPB)
    – the payments bank arm of postal department.
  4. The Union Ministry of Mines on 18
    August 2016 launched a web portal for
    star rating of major mineral mines
    .
  5. World Humanitarian Day was observed on 19 August 2016 with the theme One
    Humanity.
  6. Badminton player P V Sindhu on 18 August 2016 won historic silver medal in women’s singles badminton event at Rio
    Olympics
    . With this, Sindhu became the first Indian woman to clinch a
    silver medal in Olympics.
  7. The Sursagar Society of Dilli Gharana in third week of August 2016 announced that it
    will confer the annual Sangeet Martand Ustad Chand Khan Lifetime Achievement Award
    on santoor maestro Pandit Shiv Kumar Sharma
    .
  8. N. Ramachandran, President of
    Indian Olympic Association (IOA), on 21 August 2016 was awarded the Olympic
    Order for his outstanding services to the Olympic movement.
  9. Hindi scholar and writer Sunita Jain was on 17 August 2016 awarded with the
    prestigious 25th Vyas Samman 2015 for her poetry collection Kshama. She
    received the award by West Bengal Governor K N Tripathi.
  10. Intel on 16 August 2016 unveiled
    Project
    Alloy, an all-in-one virtual reality solution, in San Francisco, the USA
    .
    Alloy delivers a set of new and immersive experiences thanks to Intel’s
    RealSense technologies that are optimized for VR usages.
  11. The International Kabaddi Federation (IKF) on Monday announced that the 2016 Kabaddi World Cup will be hosted in
    Gujarat’s leading city, Ahmedabad
    . The tournament is set to take
    place from October 7th and will conclude on 22nd of the same month.

Finance/Banking/Economy –
Union Government launches web portal for star rating of major mineral
mines

  • The Union Ministry of Mines on 18
    August 2016 launched a web portal for star rating of major mineral mines.
  • The portal was launched by Piyush
    Goyal, Union Minister of State (IC) for Mines, Power, Coal and New &
    Renewable Energy.
  • A web enabled online system for
    evaluation of measures has been developed with the help of National Institute
    of Smart Governance (NISG), Hyderabad.
  • The main objective of the system
    is to bring all mines to a minimum standard of Star Rating in the shortest
    possible time frame to adopt sustainable practices. A two layered system
    providing self-evaluation templates to be filled in by the mine operator
    followed by validation through Indian Bureau of Mines.
GAIL signs MoU with Bloom Energy for fuel cell power generation

  • State-run GAIL (India) Ltd on
    Monday signed a memorandum of understanding (MoU) with California-based Bloom
    Energy for developing natural gas-based fuel cell power generation.
  • The agreement was signed by GAIL
    chairman and managing director B C Tripathi and Bloom Energy chief executive K
    R Sridhar.
  • The new technology converts fuel
    into electricity through an electro-chemical process and the use of water is
    less too in this mode of power generation.
Appointments –
Urjit R Patel appointed as 24th Governor of Reserve Bank of India

  • Union Government on 20 August
    2016 appointed Dr. Urjit R Patel as the 24th governor of Reserve Bank of India
    (RBI). He will be having tenure of three years with effect from 4 September
    2016.
  • He will succeed the present RBI
    Governor Dr. Raghuram Rajan, the former International Monetary Fund chief
    economist.
  • At present, Dr Patel is the
    Deputy Governor of RBI and is holding this assignment since 2013. With this
    appointment, he also becomes the eight Deputy Governor to be elevated as the
    Governor at RBI.
Ashok Chawla to take over as YES Bank non-executive chairman

  • Former CCI head Ashok Chawla will
    take over as Non-Executive Part-time Chairman of YES Bank from October as the
    lender has received approval from the Reserve Bank for this appointment.
  • YES Bank said Chawla’s
    appointment is for a period of three years, with effect from the date of
    joining the bank.
  • He was appointed as an
    independent director on the Board of YES Bank on March 5, 2016.
  • A career bureaucrat, Chawla
    served as the chairman of the Competition Commission of India (CCI) post
    retirement.
Amul MD, RS Sodhi appointed on board of India Post Payment Banks

  • Amul Managing Director RS Sodhi
    has been appointed as independent director on the board of India Post Payment
    Banks (IPPB) – the payments bank arm of postal department.
  • Gujarat Cooperative Milk
    Marketing Federation (GCMMF) sells the Amul brand of milk products.
  • Sodhi is one of the five
    independent members to be appointed on the board IPPB, which is set to be
    operational in March 2017.
  • The board will have four in-house
    representatives.
  • IPPB came into existence after it
    received certificate of incorporation from the Registrar of Companies on August
    17.
India –
BRICS women parliamentarians’ forum passes Jaipur Declaration

  • BRICS (Brazil, Russia, India,
    China and South Africa) women parliamentarians’ forum on 21 August 2016 passed
    unanimously the Jaipur Declaration. The declaration was adopted by them on the
    concluding day of the BRICS Women Parliamentarians’ Forum meet held in Jaipur,
    Rajasthan.
  • The declaration has emphasized
    the need to inform, communicate and educate citizens about developmental
    schemes.
  • The Declaration mentions the need
    to address climate change and protection of ecological system and forest as
    well as food security, expeditious parliamentary approval of SDG related
    legislation and adequate budgetary resources.
  • It calls upon international
    financial institutions to extend support to developing and least developed
    countries and help them gain easier access to new and affordable technologies
    as envisaged under the UN Framework Convention on Climate Change and the Paris
    Agreement
Days –
World Humanitarian Day observed with theme One Humanity

  • World Humanitarian Day was
    observed on 19 August 2016 with the theme One Humanity.
  • The theme explains how our shared
    human experiences bind us across divides, and create a common responsibility to
    demand action for the most vulnerable and at risk of being left behind.
  • The digital campaign for the
    World Humanitarian Day 2016 was The World You’d Rather.
  • The day is dedicated to recognize
    humanitarian personnel and those who have lost their lives working for
    humanitarian causes. It is also an opportunity to celebrate the spirit that
    inspires humanitarian work around the globe.
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Sports –
Summer Olympics 2016 concluded at Rio de Janeiro

  • The 2016 Summer Olympics
    concluded on 21 August 2016 at ceremony held at the Maracana Stadium, Rio de
    Janeiro, Brazil.
  • More than 11000 athletes from 207
    National Olympic Committees, including first time entrants Kosovo, South Sudan
    and the Refugee Olympic Team, took part in the games.
  • The games featured 28 Olympic
    sports, including rugby sevens and golf, which were added to the Olympic
    programme in 2009.
  • The United States topped the
    medal table for the fifth time in the past six Summer Olympics, winning 46 gold
    medals and 121 medals overall. Great Britain and China finished in second and
    third respectively.
India at the Rio Olympics 2016

  • The Indian Olympic Association
    (IOA) had sent a total of 117 athletes, the nation’s largest ever delegation in
    Summer Olympic history.
  • Indian bagged a total of two
    medals, one silver and one bronze, in the games, and stood at the 67th place in
    the medal tally.
  • Badminton player P V Sindhu won
    historic silver medal in women’s singles badminton event. With this, she became
    the first Indian woman to clinch a silver medal in Olympics.
  • Wrestler Sakshi Malik secured a
    bronze in the 58 kg category to become India’s first female wrestler to win an
    Olympic medal.
  • India had qualified one artistic
    gymnast into the Olympic competition for the first time since 1964. Dipa
    Karmakar became the first Indian female ever to book an Olympic spot in the
    apparatus events and all-around event at the Olympic Test Event. She narrowly
    missed out in the bronze medal, finishing 4th in the finals of the event with a
    score of 15.066.
  • Abhinav Bindra came fourth in the
    Men’s 10m Air Rifle singles event after losing a shootoff for the top 3 to
    Serhiy Kulish, who finally won the silver.
  • At the 2016 Summer Olympics,
    Indian long distance runner Lalita Babar scored a time of 9:19.76 in her heat,
    qualifying to the final. With this, she became the first Indian in 32 years to
    enter a final in any track event. At the final, she finished 10th with a time
    of 9:22.74.
Key highlights of the 2016 Summer Olympics

  • The opening ceremony took place
    in the Maracana Stadium on 5 August 2016.
  • The Games were officially opened
    by Acting President of Brazil Michel Temer.
  • These were the first Summer
    Olympic Games under the IOC presidency of Thomas Bach.
  • Rio became the first South
    American city to host the Summer Olympics.
  • The two new sports for 2016
    Olympic Games were golf and rugby sevens.
  • Due to the European migrant
    crisis and other reasons, the International Olympic Committee allowed athletes
    to compete as Independent Olympians under the Olympic Flag.
  • Due to the suspension of the
    National Olympic Committee of Kuwait, participants from Kuwait were allowed to
    participate under the Olympic Flag as Independent Olympic Athletes.
  • The official mascot of the 2016
    Summer Olympics was Vinicius. It is named after musician Vinicius de Moraes.
    The mascot represented Brazilian wildlife and carries design traits of cats,
    monkeys and birds.
P V Sindhu became the first Indian woman to clinch a silver medal in
Olympics

  • Badminton player P V Sindhu on 18
    August 2016 won historic silver medal in women’s singles badminton event at Rio
    Olympics.
  • With this, Sindhu became the
    first Indian woman to clinch a silver medal in Olympics. She also became the
    fourth Indian to win a silver at the Olympics after shooters Rajyavardhan Singh
    Rathore (2004, Athens) and Vijay Kumar (2012, London) and wrestler Sushil Kumar
    (2012, London). Moreover, she became the fifth woman player from India to win a
    medal in Olympics.
  • Sindhu lost to Carolina Marín of
    Spain in the final by a score of 19-21, 21-12, 21-15.
  • In her quarterfinal match, Sindhu
    defated World No.2 Wang Yihan by 22-20, 21-19.
Gujarat to host 2016 Kabaddi World Cup in October

  • The International Kabaddi
    Federation (IKF) on Monday announced that the 2016 Kabaddi World Cup will be
    hosted in Gujarat’s leading city, Ahmedabad. The tournament is set to take
    place from October 7th and will conclude on 22nd of the same month.
  • Gujarat will play host to 12
    Kabaddi teams from around the world including India, USA, Canada, UK,
    Australia, Iran, Poland, Pakistan, Bangladesh, Korea, Japan and Kenya. A
    special consideration of the IKF in inviting these countries is to make the
    Kabaddi World Cup representative of all the five geographies of the Olympic
    Games.
  • The Kabaddi World Cup matches
    will be held in Ahmedabad’s upcoming state-of-the-art stadium, The Arena by
    TransStadia.
Awards & Honors –
Kamal Haasan chosen for France’s Chevalier de L’Ordre Arts et Lettres

  • The Minister of Culture and
    Communication, France, in the third week of August 2016 selected Kamal Haasan
    for the Chevalier de l’Ordre des Arts et Lettres (Knight in the National Order
    Arts and Letters).
  • The distinction is in recognition
    of his high level of artistic excellence and his distinguished career
    achievements.
  • Haasan is the second Tamil star
    after thespian Sivaji Ganesan to be honored with the prestigious French award.
Pandit Shiv Kumar Sharma to be conferred with Sangeet Martand Ustad
Chand Khan Lifetime Achievement Award

  • The Sursagar Society of Dilli
    Gharana in third week of August 2016 announced that it will confer the annual
    Sangeet Martand Ustad Chand Khan Lifetime Achievement Award on santoor maestro
    Pandit Shiv Kumar Sharma.
  • The society has been felicitating
    stalwarts of Indian classical music and dance with the award since 1986 to
    recognise their contribution towards enriching the art forms.
  • In 2015, the honour was conferred
    upon Kathak exponent Pandit Birju Maharaj. Other recipients of the award
    include Pandit Jasraj, Ustad Abdul Haleem Jaffar Khan, Ustad Amjad Ali Khan and
    a centenarian Ustad Abdul Rashid Khan.
  • The award carries a cash prize of
    50000 rupees, a memento and a citation.
IOA Chief N Ramachandran bestowed with the Olympic Order award

  • N. Ramachandran, President of
    Indian Olympic Association (IOA), on 21 August 2016 was awarded the Olympic
    Order for his outstanding services to the Olympic movement.
  • The President of the
    International Olympic Committee (IOC), Thomas Bach, formally presented the
    award to Ramachandran.
  • The Olympic Order is the highest
    award of the Olympic Movement which is awarded in recognition of efforts worthy
    of merit in the cause of sport.
Hindi author Sunita Jain conferred with Vyas Samman award 2015

  • Hindi scholar and writer Sunita
    Jain was on 17 August 2016 awarded with the prestigious 25th Vyas Samman 2015
    for her poetry collection Kshama. She received the award by West Bengal
    Governor K N Tripathi.
  • Jain, through her poetry,
    portrays the fine emotions between poet Tulsidas and his wife Ratnavalli in
    Kshama. She has managed to aptly convey the sentiment of forgiveness between
    Tulsidas and his wife using very fine language.
  • The award instituted by the K K
    Birla Foundation carries a cash prize of 2.50 lakh rupees. It is given annually
    to outstanding literary work in Hindi authored by an Indian citizen.
World –
Intel unveils Project Alloy device to create merged reality

  • Intel on 16 August 2016 unveiled
    Project Alloy, an all-in-one virtual reality solution, in San Francisco, the
    USA.
  • Alloy delivers a set of new and
    immersive experiences thanks to Intel’s RealSense technologies that are optimized
    for VR usages. It is a headset that uses the RealSense technology enabling
    people to use their hands to interact with elements of the virtual world. There
    is no need for cables to connect to the computer.
  • The device can be operated
    without cords dangling from the VR headset connecting to the computer. The
    computing power is located in the Alloy Head-Mounted Device (HMD), which allows
    the user to experience VR untethered.
  • The device uses Intel RealSense
    technology, which allows one to see elements from the real world. One can also
    use one’s hands to interact with elements of the virtual world, merging
    realities.
Obituaries –
Noted Odia actor Gobind Tej passes away

  • Noted Odia filmmaker, actor and
    director Gobind Tej passed away on 18 August 2016 following a brief illness in
    Bhubaneswar, Odisha. He was 88.
  • In his career spanning over 50
    years, he has contributed in many Odia feature films either as an actor,
    director or producer.

Regards

Team ExamPundit