Roadmap for Banking of the Future
Current Affairs 16 August 2020
Daily Current Affairs 16 August 2020: We have collected the latest current affairs for 16 August 2020 that are important for all competitive exams like Bank, SSC, IBPS, SBI exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs. You can also read the daily current affairs on our mobile app.
National News
India Celebrates 74th Independence Day on 15 August 2020
- The Republic of India is celebrating its 74th Independence Day on 15 August 2020.
- It was on August 15, 1947 that India got freedom from the British empire, after nearly 200-year-long British rule..
- This year, due to coronavirus pandemic, the Independence Day celebrations is being held at small scale in New Delhi
- The Prime Minister of India, Shri Narendra Modi unfurled theNational Flag at Red Fort and addressed the nation.
- This was his seventh consecutive Independence Day speech as the Prime Minister of India, making him the longest serving non-Congress PM to achieve this feat.
PM Modi launches National Digital Health Mission, where all Indians will get Health IDs
- While addressing the nation on 15 August 2020, Prime Minister Narendra Modi announced the launch of a new campaign called National Digital Health Mission, under which all Indians will be given health IDs.
- This Health ID will work as each Indian’s health account.
- Every test, disease and diagnosis, medicines prescribed by doctors and medical reports along with medicines will be stored in every citizen’s health ID.
- The National Digital Health Mission (NDHM), has been launched under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).
- It is expected to improve the efficiency, effectiveness, and transparency of health services in the country.
Nagaland Government Rolls-Out Centralized e-commerce platform “YellowChain”
- On the occasion of Independence Day, the Chief Minister of Nagaland, Neiphiu Rio has launched “Yellow Chain”- a centralized e-commerce platform, to promote local business and entrepreneurship in the State.
- Yellow Chain will act as an integrated platform for the people of the state, where any Seller/Service Provider/Individual/Group can register themselves and upload their products, trades, skills, services etc. to enable the citizens/buyers to have access to their Service or Product.
- It may include Home service(Barber, Electrician, Plumber, Painter, Carpenter, Water Service etc.), Delivery service, IT Products & Services, Cab & Taxi Service, Health Care & Education, Fast food & Catering, Bakeries & Confectioneries, Grocery Stores, Local Product/Produces, Trainings, Pre-owned Products, Real Estate, Rentals etc.
- The site can be accessed at www.yellowchain.in
Committee
Center forms search-cum-selection committee to name the new three government nominees on Monetary Policy Committee (MPC); Head- Rajiv Gauba
- Central Government has formed a search-cum-selection committee to name the new three government nominees on the all-important Monetary Policy Committee (MPC). The committee will be headed by Cabinet secretary Rajiv Gauba. Urjit Patel is also a part of this committee.
- Monetary Policy Committee (MPC) has 6 members which include 3 members from the government side. These nominees from the Central government can hold office for 4 years.
- The present three Government nominees are- Chetan Ghate, Pami Dua and Ravindra H Dholakia who were appointed in September 2016 and will complete their term in September 2020. Hence there is a need to find three new government nominees on MPC.
Banking News
HDFC Bank launches “Shaurya KGC Card” for agriculture loans for military and paramilitary professionals
- HDFC Bank launched “Shaurya KGC Card” that will offer agriculture loans for military and paramilitary professionals.
- The product will target 5 lakh military and paramilitary professionals, for catering to their family’s agricultural needs.
- “Shaurya KGC Card” entails both short-term loans for cropping and also long-term ones for farm investments for a period of up to five years which will be reviewed at regular intervals. It also offers a life insurance cover with limit of Rs 10 lakh.
Punjab National Bank launches campaign named ‘DIGITAL APNAYEN’
- Punjab National Bank has launched a campaign named ‘DIGITAL APNAYEN’ to encourage customers to use digital banking channels.
- PNB will contribute Rs 5 towards the PM CARES Fund on behalf of each customer conducting the first financial transaction to activate their RuPay Debit card either on point of sale (PoS) or e-commerce platform, under the campaign ‘DIGITAL APNAYEN’.
Appointment
Kaushik Khona appointed as CEO of GoAir
- Kaushik Khona has been appointed as the Chief Executive Officer of GoAir. He will replace Vinay Dube.
- GoAir is an Indian low-cost airline based in Mumbai, Maharashtra. It is owned by the Indian business conglomerate Wadia Group.
Sports
Kiren Rijiju launches initiative of Fit India Youth Clubs to promote fitness among every citizen
- Union Minister of Youth and Sports Shri. Kiren Rijiju has launched a nation-wide initiative, the Fit India Youth Club. It is a part of the Fit India Movement and endeavours to harness the power of youth to create mass awareness about the importance of fitness, across the country.
- The launch was done on Independence Day of India 2020.
- Under this, 75 lakh volunteers of Nehru Yuva Kendra Sangathan and National Service Scheme, along with Scouts and Guides, NCC and other youth organisations will come together to register as Fit India Youth Clubs in every block in the country.
- These clubs will organise and encourage schools and local bodies to organise one community fitness programme every quarter.
Cricketer M.S. Dhoni announces retirement from all forms of international cricket
- Indian Cricketer Mahendra Singh Dhoni has announced retirement from all forms of international cricket. Dhoni shared this information on Instagram on August 15, 2020 as- “Thanks. Thanks for ur love and support throughout. from 1929 hrs consider me as Retired”
- Dhoni is the only Captain to win all three major International Cricket Council (ICC) trophies — the World Cup, the World Twenty20 and the Champions Trophy.
- Since he has announced retirement from International cricket, he will continue to play for Indian Premier League (IPL).
Cricketer Suresh Raina announces retirement
- After M.S. Dhoni, Indian cricketer Suresh Raina has also announced retirement from Cricket on August 15, 2020.
- He shared a photo on Instagram with other fellow cricketers including MS Dhoni with a caption, “It was nothing but lovely playing with you, @mahi7781 . With my heart full of pride, I choose to join you in this journey. Thank you India. Jai Hind!”.
- It must be noted that just before this, M.S.Dhoni had also announced retirement from International cricket on Instagram.