Current Affairs Update 10 August 2018
Current Affairs is an important part for many exams. Be prepared for this section with ByScoop which brings all the important Current Affairs in one place. 10 August 2018.
President Inaugurates ‘One District one Product’ Summit in Lucknow
- The President of India, Shri Ram Nath Kovind, inaugurated the ‘One District One Product’ Summit on August 10, 2018 in Lucknow, Uttar Pradesh.
- The Summit would promote traditional industries in every district and strengthen the inclusive and sustainable development of Uttar Pradesh.
- Under the ‘One District One Product’ scheme, the state government has set a goal of providing employment to 25 lakh people in five years through the financial assistance of Rs. 25,000 crores.
‘Operation Madad’: Navy’s helping hand in flood-ravaged Kerala
- The Southern Naval Command at Kochi has rescued scores of people stranded in the flood-hit areas of Kerala as part of the Indian Navy’s “Operation Madad” for the rain and landslide-ravaged state.
- The operation was launched for assisting the state administration and undertaking disaster relief operations due to unprecedented flooding in many parts of Kerala following incessant rainfall and release of excess water from Idukki and other dams.
World Biofuel Day Observed
- The World Biofuel Day is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels.
- The World Biofuel Day is being observed by the Ministry of Petroleum & Natural Gas for the last three years to highlight the various efforts made by the Government in the biofuel sector. .
- The government is targeting 10 percent ethanol blending in petrol by 2022 and 20 percent by 2030.
- On World Biofuels Day 2018, Prime minister released Biofuels Policy 2018 booklet.
- He also launched the digital platform the “Pro Active and Responsive facilitation by interactive and Virtuous Environment Single window Hub” ‘Parivesh’ launched by environment Ministry. Through this portal, environmental clearances for forest and climate related issues will be done easily.
- 12 modern biofuel refineries worth Rs 10,000 crore will be established across the country.
HSBC Launches MyDeal Platform to Raise Funds Via Capital Markets
- HSBC has launched a new digital platform, MyDeal, to simplify capital raising process through capital markets by providing real-time access to information such as investors’ feedback, profiles, client orders and deal pricing.
- The platform contains all the information relating to a client’s capital markets transaction, and is updated on real time basis.
- In its pilot phase, MyDeal has raised over USD 25 billion in the first seven months through over 30 transactions globally.
Nepal, Bangladesh sign MoU for Energy Cooperation
- Nepal and Bangladesh has signed a Memorandum of Understanding (MoU) to work together in the development of the energy sector for the first time.
- The MoU will help in increasing collaboration in electricity generation, grid connectivity, energy efficiency, renewable energy and development of hydropower for the mutual and regional benefit.
Google Launches Video Q&A App Cameos Aimed At Celebrities
- Google has launched a new video-based Q&A app called Cameos on the App Store, which allows people to answer questions about themselves, then share those answers directly on Google.
- The app is aimed at celebrities and other public figures, who are often the subject of people’s Google searches.
- With the Cameos app, they can address fans’ questions in their own voice, instead of leaving the answers up to other websites. The feature is an extension of the company’s “Posts on Google” platform.
Chile’s Bachelet to be Next UN Human Rights Chief
- UN Secretary-General Antonio Guterres has chosen Chile’s former President Michelle Bachelet to be the next Human Rights chief.
- She will succeed Zeid Ra’ad Al-Hussein as the head of the Office of the High Commissioner for Human Rights.
- Bachelet was Chile’s first female president, serving for two terms from 2006-2010 and 2014-2018. She was also the first head of UN Women, an agency dealing with gender equality that was formed in 2010.
Neeraj Chopra Named India’s Flag-Bearer For Asain Games Opening Ceremony
- Star Javelin thrower Neeraj Chopra has been named the Indian contingent’s flag-bearer for the 2018 Asian Games opening ceremony to be held on August 18 in Jakarta.
- The Games will be held from August 18 to September 2 in the Indonesian cities of Jakarta and Palembang.
Australian Golfer Jarrod Lyle Passes Away Battling Leukemia
- Australian golfer Jarrod Lyle has died after a long struggle with cancer. He was 36.
- The Australian won twice on the feeder Web.com tour in 2008, and played 121 US PGA Tour tournaments during his professional career.