Current Affairs

 It was a mixed day for India on Day two of the 18th Asian Games in Indonesia. A dominating Bajrang Punia opened India’s gold medal account by defeating Japan’s Daichi Takatani in the final of Men’s Freestyle 65 kg. category. India opened its medal account with a bronze by Apurvi Chandela and Ravi Kumar in rifle mixed team shooting event. 
Source- AIR World Service

 Australian cricketer Mitchell Johnson announced the retirement from all forms of cricket as his body was 'starting to shut down', almost three years after he stepped down from the international game. Johnson played 73 Tests in the Baggy Green, claiming 313 wickets, the fourth most for an Australian, and also 153 ODIs before retiring from international cricket in 2015. 
Source- BBC Sports 

 NABARD All India Financial Inclusion Survey (NAFIS), conducted by National Bank for Agriculture and Rural Development (NABARD), was released by Dr. Rajiv Kumar, Vice Chairman, NITI Aayog in New Delhi. The report revealed that farm households register higher income than the families solely dependent on non-farm livelihood activities in rural areas. The survey, with reference year of 2015-16, which covered 40,327 rural households, highlighted that the average annual income of an agricultural household is Rs 1,07,172 compared to Rs 87,228 for families engaged only in non-agricultural activities. The survey defined farm households as families having over Rs 5,000 as value of produce from agricultural operations in the year preceding the survey. For all rural households, the average annual income stood at Rs 96,708.
  • 1. Agricultural households, which accounted for 48% of rural households, earned Rs 107,172 during 2015-16 from cultivation, livestock, non-farm sector activities and wages/salaries. Thus, farmers’ income grew at a compounded growth rate of 12% per annum compared to Rs 77,112 per annum as per NSSO assessment in 2012-13. 
  • 2. Agricultural households earned 34% of their income from cultivation. Wage earnings contributed the same proportion to the income followed by salaries (16%), livestock (8%) and non-farm sector (6%). Other sources accounted for the rest.
  • 3. Non-agricultural households reported average annual income of Rs 87,228 majorly contributed by wages (54%), followed by salaries (32%) and non-farm sector activities (12%). 
Savings & Investment  
  • 1. 88.1% of the households reported having a bank account.
  • 2. 33% of households reported more than one savings account.
  • 3. 26% of HH have women with institutional (including SHG) savings account.
  • 4. 55% of agricultural households reported any savings during the last year and of these 53 per cent saved with institutions like banks, post offices and SHGs. 
  • 5. Average savings per annum per saver households was reportedly Rs 17,488, of which 95 per cent is with institutional agencies
  • 6. 10.4% of agricultural households also reported investment with the average investment per investing agricultural households was reportedly Rs 62,734. 
Insurance and Pension  
  • 1. About 26% of agricultural households and 25% of non-agricultural households reported to have been covered under one or the other type of insurance
  • 2. Among agricultural households who reported to have taken any loan for agricultural purposes in the last one year [2015-16] from institutional agencies, 6.9% reported being covered under crop insurance.
  • 3. The coverage under any type of pension was reported to be about 18.9 % for non-agricultural households as against 20.1 % for agricultural households. 
Source- NABARD

 The World Humanitarian Day is observed across the world on August 19 to pay tribute to workers who risk their lives in humanitarian services and to gather support for people affected by crises around the world. The campaign launched on World Humanitarian Day is "#NotATarget". The day was designated by the UN General Assembly to commemorate the 19 August 2003 bombing of the United Nations headquarters in Baghdad, Iraq.
Source- The United Nations 

 The NDRF has the biggest ever relief and rescue operation in flood-affected Kerala. A total of 58 teams have been deputed to work in the state out of which 55 are working on the ground. This is the highest ever deployment of NDRF in a single state since its raising in 2006. The NDRF has evacuated more than 10,000 people from rain and flood-battered areas. After the review, PM Modi announced a financial assistance of Rs 500 crore to the State. This is in addition to Rs. 100 Cr. announced by the Home Minister. PM also announced ex-gratia of Rs. 2 lakh per person to the next kin of the deceased and Rs. 50,000 to those seriously injured from PM's National Relief Funds. 
Important Announcement made are:  
  • Assistance of Rs 500 cr in addition to Rs 100 Cr announced by HM,
  • Centre to provide relief materials including food-grains, medicines,
  • Ex-gratia: Rs. 2 lakh/person to next kin of deceased from PMNRF,
  • Ex-gratia: Rs. 50,000 to those seriously injured from PMNRF,
  • Insurance Companies assess & timely release compensation to affected families,
  • Insurance Companies to ensure early clearance of claims under Fasal Bima Yojna,
  • NHAI to repair main national highways damaged due to floods on priority,
  • NTPC & PGCIL directed to restore power lines at the earliest,
  • Houses under PM Awas Yojana-Gramin houses to villagers who lost kutcha houses,
  • Assistance under Mahatma Gandhi National Rural Employment Guarantee Scheme,
  • Assistance to farmers for replantation of damaged horticulture crops. 
Finance Ministry has directed LIC & PSU Gen Insurance companies to settle all claims under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) on immediate basis to compensate the loss of lives. 
Source- DD News

 Infosys Chief Financial Officer MD Ranganath, a veteran of nearly two decades at India’s second-largest software services company, has abruptly stepped down from his position, marking the second CFO departure at Infosys in three years. 
Source- The Quint

 Teen cyclist Esow Alben has created history by claiming India’s first ever medal – a silver- at the UCI Junior Track Cycling World Championships in Aigle, Switzerland. The 17-year-old from Andaman and Nicobar trains in Delhi at the Sports Authority of India’s National Cycling Academy. Esow finished just 0.017 seconds behind gold medallist Stastny in the thrilling photo-finish of a race.
Source- AIR World Service

 India defeated Bangladesh in the final of the South Asian Football Federation (SAFF) Under-15 Women’s Championship in Thimpu, Bhutan. A solitary second-half strike by Sunita Munda helped the Indian U-15 team clinch the title. This is the second edition of the Championship. Bangladesh had won the inaugural edition last year, beating India, 1-0 in the final played at Dhaka. 
Source- DD News

 Former United Nations Secretary-General Kofi Annan has passed away at the age of 80. Annan, who was the seventh Secretary-General of the United Nations, served at the UN from 1997 to 2006. He was the first to emerge from the ranks of United Nations staff. Annan, of Ghanaian nationality, died in hospital in Bern, Switzerland. Annan was awarded the Nobel Peace Prize along with the UN in 2001 "for their work for a better organized and more peaceful world".
Source- Hindustan Times

 The 11th World Hindi Conference has started in Port Louis the capital of Mauritius. At the beginning of the conference, a two-minute silence was observed to pay tribute to former Prime Minister Atal Bihari Vajpayee. After the inauguration session, a condolence meeting will be held in the memory of former Prime Minister Atal Bihari Vajpayee. In the afternoon sessions, delegates from 20 countries including India will deliberate on eight sub-topics related to "Hindi World and Indian Culture". 
Source- All India Radio (AIR News)

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