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Weekly Current Affairs August 2018: 1st week

Published on August 07, 2018

Banking and Financial Awareness:

  • NHAI Signs MoU with SBI of Rs 25000 Crore Long Term Unsecured Loan for 10 years with 3 years of moratorium on repayments. 
    Weekly Current Affairs August 2018: 1st Week
  • India's GDP Growth to Rise to 7.5% This Fiscal by Morgan Stanley. 
  • RBI Hikes Repo Rate by 25 Bps to 6.5%. 
  • Mauritius’s SBM (State Bank of Mauritius) gets RBI approval for subsidiary. 
  • NABARD Sanctions Rs772 Crore for Water Projects in Haryana. 
  • HDFC Life inks pact with Vijaya Bank to sell insurance products, aimed at serving the semi urban rural regions where the insurance products don’t have a reach. 


  • Surendra Rosha appointed as HSBC India CEO. 
  • Renu Satti Quits as Paytm Payments Bank CEO, will now head Paytm's new retail initiative. 
  • Anurag Sachan appointed MD of Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL). 


  • Veteran Bengali Writer Ramapada Chowdhury Passes Away. 
  • Former FTII director John Sankaramangalam passes away. 

Honour, Awards and Ranks

  • Mathematician Akshay Venkatesh Wins Prestigious Fields Medal, known as the Nobel prize for math. 
  • Mohun Bagan ‘Ratna’, the highest honour of Mohun Bagan club was awarded to former India international Pradip Chowdhury. 
  • The INFRA Icon Award in the ‘Global Energy’ category - Oil and Natural Gas Corporation (ONGC). 
  • India has ranked 96th to break into the top 100 of the United Nation’s E-Government Development Index (EGDI) 2018. 

MOU’s, Agreement and Summits

  • Health Ministry Signs MoU with Ministry of Electronics and Information Technology to provide information and eligibility validation services to beneficiaries, especially in remote areas. 
  • India and Germany signed an agreement on financial and technical cooperation. 
  • Invest India and UAE Ministry Sign MoU for Technological Cooperation which will generate an estimated USD 20 billion. 
  • Unified Commanders’ Conference 2018 starts in New Delhi. 
  • To foster greater collaboration and knowledge-sharing among the think tanks, 1st Nepal-India Think Tank Summit Begins in Kathmandu. 
  • 2-Day Indo-US Military Cooperation Meeting Begins in New Delhi. 

Important Dates

  • World Day Against Trafficking in Persons: 30 July 

Important News – World

  • World’s First Intertidal Art Gallery Opened in Maldives. 

Important News- India

  • AIBD India has been elected as the President of the Asia-Pacific Institute for Broadcasting Development (AIBD) for two years. 
  • To create awareness about Intellectual Property Rights (IPRs), Commerce and Industry Minister Suresh Prabhu launched logo and tagline for Geographical Indications (GI) 
  • GI tag: Invaluable Treasures of Incredible India 
  • Government Approves 122 New Research Projects Under ‘IMPRINT-2’ Scheme to advance research in energy, security and healthcare domains in the high education institutions. 
  • Committee Formed to Address Issues of Stressed Thermal Power Projects headed by Cabinet Secretary, Pradeep Kumar Sinha. 
  • 2nd Conference of Young Superintendent of Police held in New Delhi, Theme: “Predictive Policing and Contemporary Challenges for Indian Police Forces”. 

Business, Science and Technology

  • Apple Becomes 1st US-Based Company with Market Value of $1 Trillion. 
  • Reliance Beats TCS to Become India's Most Valued Company. 

Important News- States

  • Chhattisgarh CM Launch Mobile Distribution Scheme 'Mobile Tihar' under Sanchar Kranti Yojna. 
  • Rs.215 crore project of Meghalaya Milk Mission launched in Shillong to achieve Centre’s goal of doubling farmer’s income by 2022 through promotion of milk business. 

Sports News

  • World Junior Squash Championships 2018 was held in Chennai, India. 
  • British racing driver Lewis Hamilton Wins 6th Hungarian Formula 1 Grand Prix. 
  • Indian javelin thrower Neeraj Chopra won a gold medal in the Savo Games in Lapinlahti, Finland. 
  • Dustin Johnson won the 2018 RBC Canadian Open in Canada. 
  • Ace Indian shuttler Sourabh Verma lifted the Russian Open Badminton trophy at Vladivostok.

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