Weekly Current Affairs August 2018: 2nd Week

Published on August 14, 2018

Banking and Financial Awareness:

  • Axis Bank Introduced Iris Authentication for Aadhaar-Based Transactions through its micro ATM tablets.
  • Bajaj Allianz General Insurance and Vijaya Bank Entered into Bancassurance Deal
  • Exim Bank and BRICS Development Banks signed a MoU in distributed ledger/blockchain technology to undertake “collaborative research”.
  • PayPal & HDFC Bank partner to offer seamless payment experiences to card holders
  • In line with Budget estimate, RBI to pay Rs 50,000 cr dividend to govt. for FY18.


  • Ivan Duque was sworn in as the newly elected President of Colombia.
  • Emmerson Mnangagwa Wins Zimbabwe's 1st Post-Mugabe Election.
  • Justice Rajendra Menon was sworn in as the new Chief Justice of the Delhi High Court.
  • Chile's Michelle Bachelet will be the next UN Human Rights Chief.
  • Harivansh Narayan Singh was elected the Rajya Sabha Deputy Chairman.
  • Nikhil Nanda Appointed as Chairman and MD of Escorts.
  • Ajay Data, 1st Indian to Become Member in Internet Corporation for Assigned Names and Numbers (ICANN).


  • Nobel Prize-winning British Author V S Naipaul Passes Away.
  • Australian Professional Golfer Jarrod Lyle Passes Away.
  • Congress leader Rajinder Kumar Dhawan passes away.
  • Former The Hindu BusinessLine journalist, Mony K. Mathew, passes away.
  • Former Tamilnadu CM and leader of DMK Mr.M Karunanidhi Passed away.

MOU’s, Agreement and Summits

  • Senior Official’s special meeting of the Bay of Bengal Initiatives for Multi-Sectoral, Technical and Economic Cooperation (BIMSTEC) was held in Kathmandu. theme - theme "Towards a peaceful, Prosperous and Sustainable Bay of Bengal Region".
  • Shanghai Cooperation Organization (SCO) Peace Mission 2018 To Be Conducted in Russia.
  • To promote Medicinal and Aromatic Plants (MAPs) forest produced for livelihood development of tribal people, Tribal Cooperative Marketing Development Federation of India Ltd. (TRIFED) & National Medicinal Plants Board (NMPB), signed an MoU.
  • The ‘One District One Product’ Summit inaugurated by The President of India in Lucknow, Uttar Pradesh.
  • The 3rd India-Nepal Coordination meeting was started in New Delhi.

Important Dates

  • National Handloom Day: 7 August.
  • World Biofuel Day: 10 August.
  • International Day of the World's Indigenous Peoples: 9 August. theme was ‘Indigenous peoples’ migration and movement’.

Important News – World

  • Israel has opened a Visa Application Centre in Kolkata for West Bengal and the north-eastern states’ tourists.
  • Japan has overtaken China as the world's number two stock market, as per Bloomberg report.


  • 'Maitree 2018’: Indo-Thailand Joint Exercise Begins in Thailand.
  • To build an ecosystem of innovation and entrepreneurship in defence sector, Defence Minister launched the Defence India Start-up Challenge in Bengaluru, Karnataka.

Important News- India

  • Union Government Provides Rs 66,000 crore green funds to increase the country’s forest cover.
  • For monitoring the rejuvenation project of Ganga, National Green Tribunal constituted a committee headed by former Allahabad High Court judge.
  • Under the Impacting Research Innovation and Technology ‘IMPRINT-2’ scheme, Government has approved 122 new research projects of 112 crore rupees.
  • NITI Aayog Identified 117 Districts as Aspirational Districts for ashtriya Uchchatar Shiksha Abhiyan (RUSA) Scheme.

Business, Science and Technology

  • PayU India and Reliance Money entered strategic partnership to offer instant app-based personal loans, via LazyPay.

Important News- States

  • World's first-ever thermal battery plant was unveiled in Andhra Pradesh Manufactured by the Bharat Energy Storage Technology Private Limited (BEST).

Sports News

  • Germany's Mario Gomez Retires from International Football.
  • Indian Golfer Gaganjeet Bhullar wins his maiden European Tour title at the Fiji International.
  • Netherlands Wins Women's Hockey World Cup 2018 for a record eighth time.
  • India Women Win first gold-medal Blitz Gold in Asian Nations Cup Chess Tourney.

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