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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.


  • 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


  • 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.


  • 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.

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