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Current Affairs August 10, 2018

1. 10 August is observed as World Bio-Fuel  Day

  • World Bio fuel day to be observed on 10th August 2018. World Bio fuel Day is observed every year on 10th August to create awareness about the importance of non-fossil as an alternative to conventional fossil fuels and to highlight the various efforts made by the Government in the bio fuel sector.
  • Bio Fuels have the benefits of reducing import dependency on crude oil, cleaner environment, additional income to farmers and employment generation in rural areas.
  • The government approved the National Policy on Biofuels-2018 in June 2018.The policy has the objective of reaching 20% ethanol-blending and 5% biodiesel-blending.


2. President of India to inaugurate ‘one district one product’ summit in Lucknow

  • The President of India, Shri Ram Nath Kovind, visit Uttar Pradesh (Lucknow) to inaugurate the ‘One District One Product’ Summit.
  • The aim of the Project is to Promote traditional Industries in every district of the state.
  • During the Summit, with a tagline of ‘Nayi Uddan, Nayi Pehchan’ the President Distributed loan Sanction papers to some artisans.


3. Global Innovation Index, GII-2018 launched in India

  • India’s rank on the Global Innovation Index(GII) has improved from 60 in 2017 to 57 in 2018. India has been consistently climbing the GII ranking for the past two years.
  • This year’s report shows that India has been constantly outperforming on innovation relative to its level of development for many years in a row.
  • According to sources NITI Aayog will join hands with CII to drive innovation in India.


4. Nicholas Bett, Kenya’s former 400m hurdles world champion dies aged 28

  • Nicholas Bett, Kenya’s former 400m hurdles world champion has died aged 28, following a car crash.
  • Bett had just returned from the Africa Championships in Nigeria when he died in Nandi, north west Kenya.
  • In 2015, he made history in China by becoming the first Krnyan to win a world gold at a distance shorter than 800m.


5. Ivan Duque sworn in as Colombia’s next president

  • Colombia’s President-elect Ivan Duque has been sworn in as the country’s 60th President.
  • More than 12,000 police were deployed in the historic centre of the capital Bogota for Duque’s inauguration.
  • He replaced Juan Manuel Santos and became the youngest president in Colombia’s recent history.


6. RBI to pay Rs 50,000 crore dividend to government for FY 18

  • The Reserve Bank of India(RBI) said it has decided to pay a dividend of Rs. 50,000 crore to the union government for the year ending June 30,2018.
  • The RBI had last year transferred a surplus of Rs 30,659 crore as dividend to the government for the year ended June 30,2017 which was less than half of what it paid in the previous year.
  • RBI surplus forms sizeable chunk of revenue which government earns under head of ‘non-tax’, which is mainly dividends distributed by state owned firms.


7. RSS thinker S Gurumurthy, Satish Marathe appointed as non official Directors of RBI board

  • Swaminathan Gurumurthy and Satish Kashinath Marathe appointed as Part-time non official directors of the Reserve Bank of India(RBI) Board.
  • Gurumurthy, an economist and chartered accountant by profession, is also the co-convenor of RSS-affiliated Swadeshi Jagran Manch.
  •  Gurumurthy  is also the editor of Tamil magazine Thuglak. He had referred demonetistion decision as equivalent of Financial Pokhran.





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