10th August 2018 Current Affairs

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President Ram Nath Kovind, inaugurated the ‘One District One Product’ Summit in Lucknow

  • The President of India, Ram Nath Kovind, inaugurated the ‘One District One Product’ Summit in Lucknow, Uttar Pradesh.
  • The special emphasis was laid on micro, small and medium enterprises (MSMEs). After the agricultural sector, most people find employment in this sector.

PayPal, a digital payments platform has announced its strategic partnership with HDFC

  • PayPal, a digital payments platform has announced its strategic partnership with and HDFC Bank to offer safer, faster and convenient payment experiences for the bank’s cardholders.
  • To initiate incremental digital spend, the HDFC cards will be presented as a payment option during enrollment and subsequent payments, with the ability for consumers to easily open PayPal accounts and set it as their preferred payment method.

The Lok Sabha passed four bills amending laws relating to the Goods and Services Tax (GST).

  • The Lok Sabha passed four bills amending laws relating to the Goods and Services Tax (GST).
  • The Central GST (Amendment) Bill, 2018, Integrated GST (Amendment) Bill, 2018, The Union Territory GST (Amendment) Bill, 2018 and the GST (Compensation to States) Amendment Bill, 2018 got the Lok Sabha’s nod.

According to RBI survey UAE has emerged as the top source of inward remittances.

 

  • According to the Reserve Bank of India’s survey of inward remittances for 2016-17, the United Arab Emirates (UAE) has emerged as the top source of inward remittances, while Kerala has received the maximum funds sent from abroad.
  • UAE’s share in total remittances was 26.9%.

Javelin thrower Neeraj Chopra will be the flag bearer for the Indian contingent at the opening ceremony of the Asian Games 2018.

  • Javelin thrower Neeraj Chopra will be the flag bearer for the Indian contingent at the opening ceremony of the Asian Games 2018.
  • The 20-year-old has won a gold medal in World Junior Championships, Asian Championships, South Asian Games and Commonwealth Games in his career so far.

Rekha Sharma has been appointed as the chairperson of the National Commission for Women.

  • NCW member Rekha Sharma has been appointed as the chairperson of the National Commission for Women.
  • Rekha Sharma was earlier a member of the Commission and was holding the additional charge of chairperson.

The World Biofuel Day is observed every year on August 10 .

  • The World Biofuel Day is observed every year on August 10 to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels.
  • The World Biofuel Day is being observed by the Ministry of Petroleum & Natural Gas.

Jal bachao ,Video Banao, Puraskar Pao’ winners will be awarded by ministry department.

  • The Ministry of Water Resources, River Development and Ganga Rejuvenation announced the winners for the first fortnight of the ‘Jal Bachao, Video Banao, Puraskar Pao’ contest that was launched on 10th July 2018.
  • The winners will be given prize amount of Rs 25,000/, Rs 15,000/- and Rs 10,000/- respectively.

Australian professional golfer Jarrod Lyle has died due to cancer

  • Australian professional golfer Jarrod Lyle has died after a long battle with cancer, aged 36.
  • The Australian won twice on the feeder Web.com tour in 2008, and played 121 US PGA Tour tournaments during his professional career.

NITI Aayog hosted an Investors’ Conference at Pravasi Bharatiya Kendra

  • NITI Aayog hosted an Investors’ Conference at Pravasi Bharatiya Kendra for the Holistic Development of Islands along with the respective UT Administration. The Conference was inaugurated by Amitabh Kant, CEO, NITI Aayog.
  • It attracted investment for the sustainable development of eco-tourism projects in Andaman & Nicobar and Lakshadweep islands.

Ikea, the Swedish retail giant opened its first Indian store in Hyderabad

  • Ikea, the Swedish retail giant opened its first Indian store in Hyderabad on 9th August 2018.
  • Ikea’s next store is planned to open in Mumbai in the summer of 2019, followed by another in Bangalore in 2020.

India and Indonesia signed on health cooperation .

  • The Union Cabinet approved the signing of a Memorandum of Understanding (MoU) between India and Indonesia on health cooperation.
  • The MoU paves way for cooperation in the areas of research and development; active pharmaceutical ingredients and IT-based medical equipment.

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