Current Affairs Update 5 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. 5 August 2018.
Mughalsarai Station renamed as Deen Dayal Upadhyay Junction
- BJP president Amit Shah inaugurated the new Deen Dayal Upadhyaya Junction railway station, which was earlier known as Mughalsarai.
Telangana govt’s IMAGE Tower to be ready by early 2020
- Telangana government is working on building the IMAGE Tower (Innovation in Multimedia, Animation, Gaming and Entertainment) to give a boost to the animation, gaming and visual effects sector.
- The facility is being developed in the PPP mode at a cost of around Rs 900 crore and would be ready by the end of 2019 or the first quarter of 2020. More than 200 companies would be able to operate from the exclusive facility.
- The facility is coming up at cyberabad area, the IT hub in the city.
Bihar CM launches ‘Mukhyamantri Kanya Utthan Yojana’
- Bihar Chief Minister Nitish Kumar launches ‘Mukhyamantri Kanya Utthan Yojana’ for empowerment of women.
- The ambitious ‘Mukhyamantri Kanya Utthan Yojana’ will be run by three departments — education, health and social welfare.
- On birth of a girl child her family would get Rs 2000. After preparation of her Aadhaar card, the family would get an additional amount of Rs 1000. If the family completes the whole range of immunisation within two years of a girl’s birth, it will get a sum of Rs 2000. After doing graduation, she will get Rs 25,000.
- A sum of Rs 7221 crore will be spend in a year on the programme.
Andhra CM Chandrababu Naidu to Unveil First-Ever Thermal Battery Plant
- Chief Minister N Chandrababu Naidu is set to unveil the world’s first-ever thermal battery in Andhra Pradesh.
- Manufactured by the Bharat Energy Storage Technology Private Limited (BEST), the first-of-its-kind cell is aimed at boosting up renewable sources of energy production, instead of non-renewable fossil fuel-based energy generation.
- The BEST also aims to set up a Greenfield Project in India, at an estimated cost of Rs 660 crore, through which nearly 3000 jobs are expected to be created within three years’ time.
- The technology, which will help in mitigating carbon emissions and be used to store energy for telecommunication, commercial establishments, electric vehicles and highway charging stations.
GST council forms committee headed by MoS for Finance to resolve MSMEs issues
- Finance Minister Piyush Goyal, who chaired the 29th Goods and Services Tax (GST) council meeting, announced that a committee has been set up to look after the issues of Micro, Small and Medium Enterprises (MSMEs).
- For the same a sub-committee has been formed which will be headed by Minister of State (MoS) for Finance, Shiv Pratap Shukla.
- From now onwards the Law Committee will take decisions related to taxation law and the Fitment Committee will take decisions related to taxation rates.
- To promote digital transaction, increase compliance and collection in taxes, RuPay Debit and UPI-based transaction will get cashback of 20 percent for the GST paid, capped at Rs 100.
122 New Research Project proposals at a cost of Rs 112 Crore selected for funding under IMPRINT-2
- For advancing research in the high education institutions, the government under the leadership of Prime Minister Shri Narendra Modi has approved 122 new research projects at a cost of Rs 112 crore under IMPRINT-2 covering Energy, Security, Healthcare, Advanced Materials, ICT and Security/Defence domains.
- IMPRINT proposals now open for higher education institutions including private institutions bringing a spirit of competition.
- IMPRINT is the first of its kind MHRD supported Pan-IIT + IISc joint initiative.
- IMPacting Research, INnovation and Technology (IMPRINT) is a national initiative of the Ministry of Human Resource Development (MHRD) designed to address all major engineering challenges relevant to India.
‘Umbrella Organisation’ to revive Urban Co-op Banking
- India’s co-operative banking sector is set to undergo a transformation with the concept of Umbrella Organisation (UO) of Urban Co-operative Banks (UCBs).
- The Reserve Bank of India (RBI) has allowed non-fund-based umbrella organisations at State levels, where respective State federations will take the lead.
- Gujarat is the first State in the country to have an UO for the UCB sector. ‘Centre for Banking Research, Development & Excellence’ (CBRDE) was designed in 2014 for the same.
India becomes 3rd Country to Get STA-1 Status from US
- India has become the third Asian country after Japan and South Korea to get the Strategic Trade Authorization-1 (STA-1) status from United States.
- This will pave way for high-technology product sales to New Delhi, particularly in civil space and defense sectors.
- India is the 37th country to be designated the STA-1 status by the United States.
Gaganjeet Bhullar wins Fiji International golf
- India’s Gaganjeet Bhullar produced one of the best shots of the week on the 17th hole which eventually sealed his ninth Asian Tour win at the Fiji International golf tournament.
Carolina Marin defeats Sindhu to win the BWF Badminton World Championships 2018
- Rio Olympic champion Carolina Marin (Spain) defeated Indian badminton star PV Sindhu in straight games in her second consecutive final of the Women’s Badminton World Championships.
- It was Carolina’s third title in the last four editions. She has become the first women’s singles player to win three world titles.
- Kento Momota of Japan defeated China’s highly promising Shi Yuqi to win the Men’s Badminton World Championships.