Weekly Current Affairs August 2018: 1st week

Weekly Current Affairs August 2018: 1st Week

Banking and Financial Awareness:

  • NHAI Signs MoU with SBI of Rs 25000 Crore Long Term Unsecured Loan for 10 years with 3 years of moratorium on repayments. 
  • India's GDP Growth to Rise to 7.5% This Fiscal by Morgan Stanley. 
  • RBI Hikes Repo Rate by 25 Bps to 6.5%. 
  • Mauritius’s SBM (State Bank of Mauritius) gets RBI approval for subsidiary. 
  • NABARD Sanctions Rs772 Crore for Water Projects in Haryana. 
  • HDFC Life inks pact with Vijaya Bank to sell insurance products, aimed at serving the semi urban rural regions where the insurance products don’t have a reach. 

Appointments

  • Surendra Rosha appointed as HSBC India CEO. 
  • Renu Satti Quits as Paytm Payments Bank CEO, will now head Paytm's new retail initiative. 
  • Anurag Sachan appointed MD of Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL). 

Obituary

  • Veteran Bengali Writer Ramapada Chowdhury Passes Away. 
  • Former FTII director John Sankaramangalam passes away. 

Honour, Awards and Ranks

  • Mathematician Akshay Venkatesh Wins Prestigious Fields Medal, known as the Nobel prize for math. 
  • Mohun Bagan ‘Ratna’, the highest honour of Mohun Bagan club was awarded to former India international Pradip Chowdhury. 
  • The INFRA Icon Award in the ‘Global Energy’ category - Oil and Natural Gas Corporation (ONGC). 
  • India has ranked 96th to break into the top 100 of the United Nation’s E-Government Development Index (EGDI) 2018. 
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