August Current Affairs 2018

Weekly Current Affairs

First SAARC Agri Cooperative Business Forum held in Kathmandu, Nepal.

The first South Asian Association for Regional Cooperation (SAARC) Agri Cooperative Business Forum was held in Kathmandu, capital of Nepal The theme of this forum was ‘Organizing and Strengthening Family Farmers’ Cooperatives to attain the Sustainable-Development-Goals-1 and 2 in South Asia’


ADB to provide US $375 million loan for Madhya Pradesh Irrigation Efficiency Improvement Project.

Union Government has signed $375 million loan agreement with Asian Development Bank (ADB) for Madhya Pradesh Irrigation Efficiency Improvement Project. The project will contribute to double farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.


Asian Development Bank (ADB).

ADB  aims to promote social and economic development in Asia by achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It has similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.

African elephant poaching crisis;-

↪China’s ivory ban is a historic milestone in the ongoing effort to save an iconic species

↪20 thousand African elephants per year are killed by a vicious scourge

  • India’s Chandrayaan-1 spacecraft;-

↪The Moon Mineralogy Mapper (M3) instrument aboard Chandrayaan identified three specific signatures of water-ice at the lunar surface

↪The ice deposits are found at both the north & south poles

  • Town Shani Shingnapur, Maharashtra;-

↪Shani Shingnapur had no police station, as there was no need for one

↪Spread across a mere 1km radius, this is a small town of about 200 houses

  • Popular temple of Shani(Hindu)is situated in Shingnapur village of Ahmednagar district, Maharashtra.Hence got its name Shani Shingnapur Temple

↪It’s this temple that strengthens the local tradition of not installing doors and locks to the village houses


The Reserve Bank of India has released its annual report in Mumbai. It was mentioned in the report that due to the evolving economic conditions, real GDP growth for 2018-19 is expected to increase to 7.4% from 6.7% in the previous year.
ii. The RBI stated that its monetary policy will continue to be guided by the objective of achieving medium-term target for retail inflation of 4%.


ISRO To Outsource Production Of PSLVs and SSLVs To Private Industries

 The Indian Space Research Organisation (ISRO) will outsource the production of the Polar Satellite Launch Vehicles (PSLVs) and Small Satellite Launch Vehicles (SSLVs) to private Industries. The Indian Space agency Chairman K Sivan made this announcement.

  1. The ISRO will launch Gaganyaan, India’s first manned mission to outer space in 2020. As per the announcement, the Indian Air Force will identify six persons who can be trained to be astronauts.


Cabinet Approves Earth Sciences Ministry’s Umbrella Scheme ‘O-SMART’ 

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi gave its approval for implementation of an umbrella scheme ‘Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)’. 

  1. The CCEA approved the scheme for implementation during the period from 2017-18 to 2019-20 at an overall cost of Rs 1623 crore.The scheme covers a total of 16 sub-projects, which address ocean development activities such as services, technology, resources, observations and science.


India and ADB Sign $375 Million Loan to Improve Irrigation Efficiency in Madhya Pradesh

he government of India and the Asian Development Bank (ADB) signed a $375 million loan agreement to contribute to double farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.
ii. The Madhya Pradesh Irrigation Efficiency Improvement Project will develop 125,000 hectares of new, highly efficient and climate resilient irrigation networks and improve water use efficiency in more than 400 villages, benefiting over 800,000 people in Madhya Pradesh.


International News


4th BIMSTEC Summit 2018 Starts in Kathmandu

The 4th BIMSTEC Summit began in Kathmandu, Nepal. The two-day Summit will be held with the main focus on countering terrorism, enhancing regional connectivity and boosting trade.

  1. The theme of the summit is‘Towards a peaceful, prosperous and sustainable Bay of Bengal region’. Prime Minister Narendra Modi will hold bilateral talks with leaders of BIMSTEC countries on the sidelines of the summit.


Asian Games 2018

Arpinder Singh Wins Gold In Triple Jump

Arpinder Singh ended India’s 48-year long wait for a gold in triple jump at the Asian Games with an effort of 16.77m.  Arpinder, who has been without a medal in multi-sporting events since winning a bronze in the 2014 Commonwealth Games, produced his best jump of 16.77m in his third attempt.


Swapna Barman, 1st Indian Heptathlete To Win Gold In Asian Games

Swapna Barman created history by becoming the first Indian heptathlete to win an Asian Games gold in Indonesia, a feat she achieved despite a toothache.

  1. The 21-year-old Barman logged 6026 points from the seven events competed for two days.




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