08th August 2018 Current Affairs

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The Centre has urged all citizens not to use national flag made up of plastic.

  • The Centre has urged all citizens not to use national flag made up of plastic.
  • The States were told to ensure strict compliance of the provisions contained in the ‘Flag Code of India, 2002’ and ‘The Prevention of Insults to National Honour Act, 1971.

The Lok Sabha approved the first batch of supplementary demands

  • The Lok Sabha approved the first batch of supplementary demands for grants envisaging a gross additional outgo of Rs 11,697.92 crore for the current fiscal.
  • The additional grant required to meet the required expenditure of the government is called Supplementary Grants.

 

Parliament passed a bill related to immovable property.

  • Parliament passed a bill to amend the regulations governing the compensation payable for acquisition of immovable property by the Centre for defence and security purposes.
  • The bill seeks to amend a provision to allow the Centre to re-issue the notice of acquisition to ensure that the property owner gets an opportunity to be heard.

The Delhi High Court decriminalised begging in Delhi.

  • The Delhi High Court decriminalised begging in Delhi, saying provisions penalising the act were unconstitutional and deserved to be struck down.
  • The consequence of this decision would be that prosecution under the Bombay Prevention of Begging Act, against persons alleged to have committed the offence of begging, would be liable to be struck down.

The Maharashtra government collaborate with MHADA to implement the Pradhan Mantri Aawas Yojana (PMAY) in urban areas.

 

  • The Maharashtra government to rope in private landowners to collaborate with Maharashtra Housing and Area Development Authority (MHADA) to implement the Pradhan Mantri Aawas Yojana (PMAY) in urban areas.
  • Private landowners having more than 10 acres of land are eligible to participate in the scheme.

SpaceX relaunched its newest version of its Falcon 9 rocket booster

  • SpaceX relaunched its newest version of its Falcon 9 rocket booster to send a communication satellite for Indonesia into the orbit.
  • The so-called Block 5 booster, which SpaceX says will be able to fly as many as 10 times with routine maintenance.

 

Anti-degenerative drugs have developed by scientist.

  • Scientists have developed a novel compound which can reverse ageing in human cells, and may lead to “anti-degenerative” drugs.
  • Researchers tested compounds designed to target mitochondria, the “power stations” of cells.

JP Morgan will set up a financial inclusion lab to support fintech startups

  • JP Morgan will set up a financial inclusion lab to support fintech startups in association with IIM-Ahmedabad and the Dell and Bill Gates foundations.
  • JP Morgan will provide up to $7 million over the next four years towards this initiative.

Escorts appointed Nikhil Nanda as the chairman and managing director (MD) of the company.

  • Farm and construction equipment maker Escorts appointed Nikhil Nanda as the chairman and managing director (MD) of the company.
  • The company’s board unanimously appointed Nikhil as the chairman and MD to succeed his late father, Rajan Nanda.

S. Gurumurthy and Satish Kashinath Marathe appointed as part time non-official directors of RBI.

  • The Centre appointed S. Gurumurthy and Satish Kashinath Marathe as part time non-official directors on the central board of Reserve Bank of India for four years.
  • Gurumurthy is a noted chartered accountant, economic and political columnist, and editor of Tamil magazine Thuglak.

Foreigners no longer need a Restricted Areas Permit to visit 29 inhabited islands in the Andaman and Nicobar chain.

  • Foreigners no longer need a Restricted Areas Permit to visit 29 inhabited islands in the Andaman and Nicobar chain.
  • The Union Home Ministry decided to lift restrictions as the government intends to boost tourism.

The 3rd India-Nepal Coordination meeting was held in New Delhi on August 8, 2018.

  • The 3rd India-Nepal Coordination meeting was held in New Delhi on August 8, 2018.
  • A seven-member delegation from Nepal, headed by Inspector General of Nepal Armed Police Force Shailendra Khanal will take part in the three-day meeting.

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