NATIONAL
UPDATES:
1. India petitions FAO for a ‘Year
for Millets’ : Ministry of Agriculture and Farmers welfare has
requested the UN Food and Agriculture Organization (FAO) to declare an
“upcoming” year as International Year of Millets.This would help garner wider
global attention to millets which are not only nutritious but also resilient to
climate change.India is celebrating 2018 as the
national year of millets.
2. NPPA fixes ceiling price of 92
drugs : The National Pharmaceutical Pricing Authority (NPPA) has
fixed the ceiling price for 92 drug formulations, including those used for the
treatment of cancer, hepatitis C, migraine and diabetes among others.NPPA fixes the ceiling price of
essential medicines of Schedule I under the Drugs (Prices Control) Order (DPCO)
2013.NPPA monitors the prices of controlled and decontrolled drugs.
3. Railways launches “Digital
Screens” : The Ministry of Railway has launched digital screens to
spread awareness among public about the heritage of Indian Railways.The project aims at showcasing
the legacy of Indian Railways through one to two minute-long movie clips on
digital LED screens.In addition, QR code based posters on Railway Heritage are
also being displayed at these stations.
INTERNATIONAL
UPDATES:
1.Paraguayan President
Abdo Benítez sworn in : Right-wing former Senator Mario Abdo Benítez has
been sworn in as the new president of Paraguay after defeating his liberal
rival in April elections.Mr Abdo Benítez is the son of a close aide to
ex-military dictator Alfredo Stroessner.He replaces Horacio Cartes.Mario Abdo
Benítez got involved in politics in 2004
2. Israeli Navy to procure
Barak 8 missile : The multipurpose Barak 8 missile defence system
will be procured by the Israeli Navy to protect its economic zones and
strategic facilities from diversified threats.The Barak 8 missile defence
system is jointly developed by India and Israel.Barak-8 is an operational air
and missile defense system used by the Israeli Navy as well as by the Indian
Navy and air forces.
3. Qatar to invest $15 billion in
Turkey : Qatar has promised to make a USD 15 billion direct
investment in Turkey.The announcement came after Qatar’s emir Sheikh Tamim bin
Hamad Al-Thani held talks with Turkish President Erdogan.Turkey has
been badly hit by a currency crisis amid a widening diplomatic standoff
with the United States.
4. China’s rover to explore dark
side of moon : China has unveiled a new lunar rover as it prepares to become
the first nation in the world to explore the dark side of the moon.China’s last
lunar rover — named Yutu, or Jade Rabbit — ceased operation in August 2016 on
the surface of the moon as part of the Chang’e 3 mission.China announced its
intentions in 2015 to send a rover to the dark side of the moon.
OTHER
UPDATES:
BUSINESS/ECONOMY:
1. TCS becomes
most valued company : Tata Consultancy Services on 16th August 2018
pipped Reliance Industries Limited (RIL) to regain the crown of India’s most valued company in terms of market capitalisation.RIL had on 14th
August 2018 dethroned TCS to clinch the title of the most valued Indian company
by market valuation.The m-cap figure of companies changes daily with stock
price movement.
2. India Ratings
cuts growth forecast to 7.2% : India Ratings and Research
(Ind-Ra) has revised its FY19 economic growth forecast down to 7.2% from 7.4%
earlier.It cited the headwinds emanating from elevated global crude oil prices
and the government’s decision to fix the minimum support prices of all
kharif crops at 1.5 times the production cost.Ind-Ra provides ratings, research
and rigorous analytics of market in India.
SCIENCE AND TECHNOLOGY:
1.Iron and Titanium found on ‘Ultrahot Jupiter’ : The astronomers carried out new observations of
exoplanet Kelt-9b.Kelt-9b is the hottest exoplanet discovered and was
discovered in 2017.Astronomers discovered that the atmosphere is made up of
vaporized iron and titanium.The team used the Galileo National Telescope in La
Palma, Canary Islands, to observe the planet.
2. ISRO’s first
mission to study the Sun : Indian Space
Research Organisation (ISRO) plans to study the Sun through its Aditya-L1
satellite which will be inserted in a halo orbit, which is 1.5 million km from
the Earth during 2019-2020.Aditya-L1 will be launched by PSLV-XL from
Sriharikota in Andhra Pradesh.ISRO had planned to use Aditya-1 to observe only
the solar corona, which is the outer layer of the Sun.
OBITUARIES:
1. Atal Bihari Vajpayee
passes away at 93 : Former Prime Minister Atal Bihari Vajpayee died on
16th August, 2018 Three-time Prime Minister, Vajpayee was the first and the
only non-Congress Prime Minister to serve a full five-year term from 1999 to
2004; and for short periods of 13 days in 1996 and 13 months in 1998.He was first elected to
Parliament in 1962 as a member of Rajya Sabha. In 1971, he won his first Lok
Sabha seat.