Weekly Current Affairs August 2018: 4th Week

Published on August 29, 2018

Banking and Financial Awareness:

  • World Bank launched world's 1st Block chain Bond ‘bond-i' which is Block Chain Operated New Debt Instrument.
  • India Banking Conclave 2018, focused on reforming the banking sector, organized by Centre for Economic Policy Research (CEPR), was held in New Delhi.
  • Ujjivan Small Finance Bank Launches Overdraft Facility for MSEs.

Appointments: 

  • Treasurer Scott Morrison has been elected the new Prime Minister of Australia.
  • G. Satheesh Reddy Appointed as New DRDO Chairman.
  • U K Varma Appointed Assocham Secretary General.
  • The National Green Tribunal (NGT) has appointed Justice S J Vazifdar as Chairman of Panel to Decide Vedanta's Plea.
  • Arun Jaitley Resumes Charge as Finance and Corporate Affairs Minister.
  • SS Mundra Appointed Independent Director of Indiabulls Housing Finance.

Honour, Awards and Ranks:

  • Global cultural organisation Asia Society honoured PepsiCo's CEO Indra Nooyi with the Game Changer of the Year award.
  • General Dalbir Singh Suhag Awarded US ‘Legion of Merit’ 2018.
  • According to "List of Highest Paid Female Athletes 2018" by Forbes, Serena Williams was the highest paid female athlete in 2018.
Weekly Current Affairs August  2018: 4th Week

Obituary:

  • US Senator John McCain Passes Away.
  • Veteran Journalist Kuldip Nayar Passes Away.
  • Israeli Journalist and Peace Activist Uri Avnery Passes Away.

MOU’s, Agreement and Summits:

  • To realize cooperation and collaboration in broadcasting and content sharing, Prasar Bharati and Mizzima Media Group of Myanmar signed an MoU. 
  • To boost bilateral trade between India and Singapore, signed the Second Protocol amending the Comprehensive Economic Cooperation Agreement in New Delhi.
  • 8th meeting of India-Kenya Joint Trade Committee was held in Nairobi, Kenya. 

Important News – World:

  • Iran unveiled its first domestic fighter jet named 'KOWSAR' which is a fourth-generation fighter shown at the National Defence Industry exhibition in Tehran.
  • 'Panini Language Laboratory' inaugurated by External Affairs Minister Sushma Swaraj, at Mahatma Gandhi Institute (MGI) at Port Louis in Mauritius.

Important News- India:

  • India's first biofuel-powered flight landed in Delhi, developed by Indian Institute of Petroleum, covering the distance between Dehradun & Delhi.
  • India’s largest business incubator the Bhamashah Techno Hub launched for strengthening the start-up ecosystem in Jaipur, Rajasthan.
  • To showcase Buddhist Heritage in India and boost tourism to the Buddhist sites, the International Buddhist Conclave was inaugurated by President Ram Nath Kovind in New Delhi. theme: - 'Buddha Path – The Living Heritage'.
  • The Centre unveiled The Draft International Air Connectivity (IAC) scheme, for extending the affordable air travel programme UDAN to international circuits.
  • The Food Safety and Standards Authority of India (FSSAI) constituted B Sesikeran Committee to Review Food Labelling Standards.

Defence:

  • Shanghai Cooperation Organization (SCO) Peace Mission 2018, Exercise started at Chebarkul, Russia.
  • India's aircraft carrier INS Vikramaditya will be Upgrade with a marine hydraulic system to boost the air operations of the ship from Russia.

Business, Science and Technology:

  • Reliance Industries Ltd (RIL) became the first Indian company to cross Rs 8 trillion market capitalization.
  • Digital payments firm Paytm has partnered with Alibaba to launch AI-based cloud computing platform 'Paytm AI Cloud’.

Sports News:

  • Neeraj Chopra became the first-ever Indian javelin thrower to win a gold medal at the Asian Games.
  • Japan Wins 1st Ever Title at FIFA U-20 Women's World Cup France 2018.
  • Indian women’s team fast bowler Jhulan Goswami announced her retirement from T20 Cricket Internationals.
  • Indian rowers Sawarn Singh, Dattu Bhokanal, Om Prakash and Sukhmeet Singh won the men's Quadruple Sculls to win India's fifth gold medal at the Asian Games 2018.
  • First ever Indian female shooter Rahi Sarnobat won the women's 25m Pistol event at Asian Games 2018 in Indonesia.
IBPS RRB Scale II GBO Course 2025

About Me

Ramandeep Singh

Ramandeep Singh

Educator & Banking Expert

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

14+
Years Experience
5000+
Selections
Ex-BoB
Banker
Close Menu
Close Menu