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Current Affairs Current Affairs August 2018

 In order to replace Industrial gases like Dissolved Acetylene, LPG, BMCG and Furnace Oil / High Speed Diesel (HSD) oil with environment friendly Natural Gas, Indian Railways has signed a Memorandum of Understanding (MoU) with M/s GAIL (India) Limited, to provide infrastructure facilities for supply of Natural Gas to Indian Railways Workshops, Production Units and Depots at Rail Bhavan. This MoU is a broad-based, in principle agreement, between GAIL and Indian Railways for the creation of infrastructure and supply of CNG/LNG/PNG for both industrial and domestic purposes.

 The Asian Development Bank (ADB) and the Government of lndia signed a $346 million loan to finance improvement of over 400 kilometers of state highways that will enhance connectivity and access to economic centers across 12 districts in Karnataka. An ongoing road improvement project financed by ADB with a loan of $315 million is under implementation, which involves upgradation of about 615 kilometres of state roads. 
Source- Press Information Bureau (PIB)

 Balesh Sharma takes over as Vodafone Idea's first CEO. He was the Chief Operating Officer of Vodafone India and a member of its executive committee. Sharma holds degrees in Mechanical Engineering and MBA (Marketing and Finance) from the University of Rajasthan. He has previously served as the CEO of Vodafone Czech Republic and the CEO of Vodafone Malta. 
Source- Business Standard

 Union Minister of Commerce& Industry and Civil Aviation, Suresh Prabhu, is leading the Indian delegation for the 6th RCEP Trade Ministers’ Meeting which has begun in Singapore. The Minister will participate in the meeting consisting of 10 ASEAN countries and six ASEAN FTA partners namely, India, China, Japan, Korea, Australia and New Zealand. 
Source- Press Information Bureau (PIB)

 NITI Aayog Vice Chairman Dr.Rajiv Kumar, and Chief Executive Officer Shri. Amitabh Kant, unveiled a series of events to take place in the ‘Mobility Week’ from 31 August to 6 September 2018, in the run-up to MOVE: The Global Mobility Summit 2018 on 7 and 8 September 2018 at Vigyan Bhawan, New Delhi. The Summit will be inaugurated by Hon’ble Prime Minister of India.
  • About ‘MOVE: Global Mobility Summit’: 
NITI Aayog, in collaboration with various ministries and industry partners, is organizing ‘MOVE: Global Mobility Summit’ in New Delhi on 7th and 8th September, 2018. The Summit will constitute three designated components – The Conclave, Digital Exhibition, and Featured Events. 

 Idea Cellular Ltd has announced that it has completed its merger with Vodafone India Ltd (VIL) and Vodafone Mobile Services Ltd (VMSL) after getting approval from the National Company Law Tribunal (NCLT). Consequent to the merger of Vodafone Mobile Services with the company, the board has allotted 3,89,39,27,522 equity shares of Rs. 10 each to VIL (the shareholder of VMSL). 
Source- The Hindu Business Line

 INS Sahyadri entered the Port of Darwin, Australia to participate in Exercise KAKADU 2018. Exercise KAKADU, which started in 1993, is the premier multilateral regional maritime engagement exercise hosted by the Royal Australian Navy (RAN) and supported by the Royal Australian Air Force (RAAF). The exercise is held biennially in Darwin and the Northern Australian Exercise Areas (NAXA). Exercise KAKADU derives its name from Kakadu National Park, which is a protected area in the northern territory of Australia. KAKADU 2018, the 14th edition of the exercise, would see participation from 23 warships, one submarine, 45 aircraft, 250 marines and approx 52 foreign staff from over 25 different countries.
Source- DD News

 India’s Jinson Johnson claimed the gold medal in the men’s 1500m event in the Asian Games 2018 in Jakarta, Indonesia. Manjit Singh, 800m champion, however, finished fourth. Johnson clocked 3:44.72 sec to claim the top honours ahead of Iran’s Amir Moradi, who turned in a timing of 3:45.62sec, his season’s best effort. Johnson earlier won a silver in the 800m event. 
Source- Asian Games

 India won gold in the women's 4X400 metre event. The Indian quartet of Hima Das, Raju Poovamma, Saritaben Laxmanbhai Gayakwad and Vismaya Koroth registered a time of 3 minutes and 28.72 seconds to finish at the top of the podium. India clinched the silver medal in the men's 4X400 metre event. 
Source- The Firstpost 

 To promote a culture of innovation and research in higher education, the human resource development (HRD) ministry launched the Atal Ranking of Institutions on Innovation Achievements (ARIIA), Union minister Prakash Javadekar announced. Named after former Prime Minister Atal Bihari Vajpayee, the ARIIA "will rank educational institutions for innovation output based on all major indicators and parameters used globally". 
Source- Hindustan Times



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