Welcome to NewSarkariJobs – Read Current Affairs from the most reliable source. Get all the latest and updated Current Affairs daily and prepare for preparation of IAS, UPSC, Banking, IBPS, Railways and much more only at www.newsarkarijobs.com
24 August 2017 – Current Affairs
India and Nepal sign eight MOUs in various fields
1. India and Nepal signed eight Memorandum of Understanding (MoUs) in various fields including Housing grant and prevention of drugs, reconstruction packages in health and education sectors.
2.The agreements were inked after delegation level talks between Prime Minister Narendra Modi and his visiting Nepalese counterpart Sher Bahadur Deuba at Hyderabad House in New Delhi.
3.The two leaders also jointly inaugurated the Kataiya-Kusaha and Raxaul-Parwanipur cross border Transmission lines.
Important cabinet approvals-23rd august
1. Setting up of a Commission to examine the Sub-Categorization within OBCs.
2. Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM).
Alibaba Group’s Jack Ma Asia’s richest man: Forbes
1. Alibaba Group’s Jack Ma is back on top as Asia’s richest man following gains in the company’s earnings and share price. Jack Ma is worth $37.4 billion, according to the Forbes real-time billionaires list.
2.In the latest rankings, Chinese Internet billionaire- Tencent Chairman Ma Huateng, the latter has slipped to No. 2, with a fortune worth $36.7 billion. Jack Ma currently ranks as the world’s No. 18 richest man and is No. 1 in Asia.
Creamy layer ceiling raised to 8 lpa
1.The government has raised the ceiling for the creamy layer from Rs. 6 lakh per annum to Rs. 8 lakh per annum for central government jobs, according to the Finance Minister Arun Jaitley.
2.The Cabinet also approved a commission to examine sub-categorization of In the OBC category, those earning up to Rs. 8 lakh per annum will get reservation benefits.
Supreme court declares right to privacy as fundamental right
1. The Supreme Court of India pronounced that individual privacy is a fundamental right protected by the Constitution.
2.A nine-judge Constitution Bench of the Supreme Court, led by Chief Justice of India J.S. Khehar ruled that the right to privacy is intrinsic to life and liberty, thus coming under Article 21, and comes to the various fundamental freedoms in PART III of the Indian Constitution.
3.With this now India has total seven fundamental rights.
Union cabinet renames SAMPADA scheme as PMKSY
1. The Cabinet Committee on Economic Affairs has approved the renaming of the new Central Sector Scheme- SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) as “Pradhan Mantri Kisan Sampada Yojana (PMKSY)” for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
2.The new scheme was approved by the Central Government in the month of May.
3.The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.
Sushma Swaraj to inaugurate India’s first Videsh Bhawan in Mumbai
1.External Affairs Minister Sushma Swaraj will inaugurate the country’s first Videsh Bhavan, assimilating all Regional Passport Offices under one roof, at the Bandra Kurla Complex (BKC).
2. Four offices of MEA – Regional Passport Office (RPO), Protector of Emigrants (PoE) office, Branch Secretariat and Regional Office of ICCR – have been gathered and brought under one roof at the state-of-art office.
Rajnath Singh to attend the SCO meet in Kyrgyz Republic
1. Union Minister Raj Nath Singh attends a two-day Meeting of Heads of Governments of Shanghai Cooperation Organization (SCO) the Member States.
2.The meeting will focus on prevention and elimination of emergency situations.
3.Home Minister Rajnath Singh lead the Indian delegation which includes senior officers from Home and External Affairs Ministries and National Disaster Management Authority. India had joined the SCO in June 2017 in Kazakhstan capital Astana
Microsoft launches “Project Brainwave” for real time artificial intelligence
1.Software giant Microsoft has announced its ‘Project Brainwave’ deep learning acceleration platform for real-time artificial intelligence (AI). With the help of ultra-low latency, the system processes requests as fast as it receives them.
2. The ‘Project Brainwave’ uses the massive field-programmable gate array (FPGA) infrastructure that Microsoft has been deploying over the past few years.
RRBs record over 150 cr profit in financial year 2017
1.Out of the 56 regional rural banks (RRBs), Karnataka Vikas Grameena Bank and Andhra Pragathi Grameena Bank recorded net profit of more than Rs 150 crore during 2016-17. These are among the 49 RRBs that recorded a profit in 2016-17.
2. According to the Reserve Bank of India’s ‘Report on Trend and Progress of Banking in India’, 45 of the 56 RRBs earned profits without carrying any accumulated losses during 2015-16.
Ajay Vipin Nanavati is new Syndicate bank chairman
1.Ajay Vipin Nanavati was appointed as the chairman of Syndicate Bank. The appointments committee of the cabinet has approved his appointment as non-official director/non-executive chairman of Syndicate Bank for three years.
2. In 2015, the government had sparated the posts of chairman and managing directors in public sector banks. While the chairman became responsible for overall policy directions, the managing director and chief executive officer became the executive head, accountable for day-to-day functioning of the bank.
Government announces Rajiv bansal as the new Air India CMD
1.Rajiv Bansal, additional secretary in the petroleum ministry, has been named the CMD of Air India.
2. Bansal is an Indian Administrative Services officer from the 1988 batch. The government has appointed current Air India CMD Ashwani Lohani chairman of the Railway Board.