Daily Current Affairs 16 August 2018

Daily Current Affairs 16 August 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 16 August 2018. It includes all Major National, International, Business and Sports related current affairs of 16 August 2018. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 16 August 2018 Current affairs test.

National News

1. Atal Bihari Vajpayee passes away due to serious health issue

Former PM Atal Bihari Vajpayee has passed away at 93 in Delhi
He was an Indian politician who served as the Prime Minister of India thrice, first for a term of 13 days in 1996, for a period of eleven months from 1998 to 1999, and then for a full term from 1999 to 2004.

2. Brand Ambassador for Road Safety Campaigns

Akshay Kumar has appointed as Brand Ambassador For Road Safety Campaigns
Road Transport and Highways Ministry has launched three short films featuring Akshay Kumar for public awareness towards road safety.

3. Kotak Wealth Hurun-Leading Wealthy Women 2018 list

Smitha V. Crishna ranked first in the Wealthy Women 2018 list (37,570 crore) She is a third-generation heir of the Godrej family.
Roshni Nadar(CEO HCL Enterprise) ranked second in the list

4. 3 mobile apps launched by CJI Deepak Misra

These apps will be used for e-filing of cases.
e-courts services: This app is for e-filing along with user manual.
E-pay : This enables user to make digital payments.
NSTEP (National Service and Tracking of Electronic Processes):Any service of judicial notices.

International News

1. Understand India

India is planning to launch an ‘Understanding India’ programme in China.
This programme will be in collabraation with Indian Council of Cultural Relations.

2. International Year of Millets

Agriculture and Farmers’ Welfare Minister,Radha Mohan Singh wrote to the DG of Food and Agriculture Organization (FAO) and proposed the declaration of an upcoming year as ‘International Year of Millets’.
Government has been actively promoting millets and has raised its MSP by more than 50% of production cost

3. World Congress of Philosophy

The 24th World Congress of Philosophy (WCP) was held in Beijing
Theme of 24th WCP 2018 is ‘Learning To Be Human’.

4. MEA appoints new Ambassador of India to Russia

D Bala Venkatesh Varma has been appointed as the Ambassador to Russia.
Varma’s appointment comes at a time when India and Russia are ramping up strategic cooperation, particularly after the “informal” May 21 summit betweenNarendra Modi and Vladimir Putin.

Business News

1. UPI 2.0

An upgraded version of the Unified Payments Interface (UPI), UPI 2.0, was launched by NPCI
Features are:
Linking of overdraft account
Customers can pre-authorise a transaction and pay at a later date.
Invoice in the inbox
Signed intent and QR Facility

2. WINGS Service

BSNL has launched BSNL WINGS Services.
It is a VOIP based services and also there is no sim cards in it.

3. FICCI’s GDP prediction

According to FICCI,The Indian economy is expected to grow at 7.4% in 2018-19
The Federation of Indian Chambers of Commerce and Industry is an association of business organisations in India.

4. Bharti Axa Ties Up With Airtel Payments Bank

Both have entered to an alliance to provide ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY).
Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in February 2015.

Sports News

1. Ajit Wadekar passes away

Former India cricket captain Ajit Wadekar has passed away at 77.
He was an Indian international cricketer who played for the Indian national team between 1966 and 1974.

2. UEFA Super Cup

Real Madrid lost 2-4 to rivals Atlético Madrid in UEFA Super Cup.
UEFA Super Cup is an annual football match contested between the current Champions League and Europa League champions.

3. La-Liga Rights