Current Affairs 28th August 2017 - Banking, SSC, UPSC Affairs

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India football team won the South Asian Football Federation (SAFF) Under-15 Championship at the ANFA Complex. Bangladesh's Foysal Ahmed declared as the top scorer of the tournament. India's Vikram Pratap Singh was chosen as the Best player of the tournament.

Mercedes' British Formula One driver Lewis Hamilton won 58th career race and got Belgian Grand Prix title. Ferrari's Sebastian Vettel won the second place. Daniel Ricciardo won the third place. He recently won the British Grand Prix for the fifth time.

India and China agreed to withdraw their troops from Doklam after being in a standoff for over two months. According to the Ministry of External Affairs, the expeditious disengagement has been agreed. The standoff started after India objected to China constructing a road in the disputed area.

Defence Minister Arun Jaitley handed over the Long-Range Surface-to-Air Missile (LRSAM) jointly developed by India and Israel, to the Indian Navy, at Bharat Dynamics Limited (BDL). LRSAM is an advanced combat suit for missile defence against air targets and missiles and has full capabilities of air and surface surveillance, threat alert and fire control. He dedicated the first-of-its kind 50-tonne Rocket Motor Static Test Facility. He inaugurated the ASTRA Manufacturing Unit at the BDL’s Bhanur unit.

Supertech received a green nod for developing a sports-centric housing project in Greater Noida. It is  62-acre project will be developed in Sector 27 of Greater Noida (west), known as Noida Extension. It will offer 4,228 flats and 400 villas with the club and enough space for sports (golf) and recreational activities. It has an investment cost of Rs1,130 crore.

PV Sindhu won the Silver medal in World Badminton Championship 2017. She got defeated by Japan’s Nozomi Okuhara. For India, it still is a historic edition since for the first time country’s shuttler are returning with two medals. Saina Nehwal won a bronze in the same tournament.

Justice Dipak Misra was sworn in as the 45th Chief Justice of India. At a brief ceremony in the Darbar Hall of Rashtrapati Bhawan, President Ramnath Kovind administered the oath of office to Mr. Misra. He assumes office following the retirement of Justice J.S. Khehar. He will have a tenure of about 14 months until October 2, 2018. 

The Union Government notified the Banking Regulation (Amendment) Act, 2017. The Parliament approved the Banking Regulation (Amendment) Bill, 2017 which replaced an ordinance in this regard. It empowers the Central government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets.

External Affairs Minister Sushma Swaraj will participate in the two-day Indian Ocean Conference to be held in Colombo, Srilanka. The theme of the conference is peace, progress, and prosperity. The conference will be held in Temple Trees, the official residence of the Lankan Prime Minister. It is the second ICO conference, the first was held in Singapore in 2016.

The Defence Research and Development Organisation (DRDO) signed Rs.17,000 crore deal with Israel Aerospace Industries (IAI) for producing advanced medium range surface to air missile (MRSAM) system. The deal envisages developing 40 firing units and around 200 missiles. The MR-SAM, a land-based version of long range surface to air missile (LRSAM) of Indian Navy strike range of up 70 kilometers. The Indian Army compelling the government to enhance its aerial attack capability considering the evolving security challenges.

The Union Finance Ministry’s Revenue Department imposed a five-year anti-dumping duty on Sodium Nitrite imports from China. It was imposed based on recommendations of Directorate General of Anti-dumping and Allied Duties (DGAD). Sodium Nitrite is a white crystalline powder. It is an oxidizing and also a reducing agent. It is mostly used in the pharmaceutical and dye industries. Countries impose anti-dumping duties to safeguard domestic industry from a surge in below-cost imports.

External Affairs Minister Sushma Swaraj inaugurated the country’s first ‘Videsh Bhavan’ at Mumbai. It integrates all offices of the Ministry of External Affairs (MEA) in Maharashtra, is located in the Bandra Kurla Complex (BKC), a business district in suburban Mumbai. Four offices of the ministry in Mumbai Passport Office, Office of the Protector of Emigrants, Office of the Regional Director of ICCR (the Indian Council for Cultural Relations) and Branch Secretariat of MEA will be functioning under one roof in the newly constructed building. The facility will help in effective management of the MEA’s engagement with the Maharashtra government. It is the first integrated office complex of the MEA established in any state of the country.

Barcelona forward Lionel Messi scored a second-half brace against Alaves becoming the first ever player to score 350 goals in La Liga. Messi's best goal tally for a season came in 2011/12 when he netted 50 goals in 37 appearances. He has played 384 league matches is now 66 goals ahead of rival Cristiano Ronaldo.

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    Topics covered in the 28th August 2017 Current Affairs are
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  • Bills & Acts Passed by Government,
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  • About important Persons, Places,
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  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
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  • Important Committee,
  • Schemes,
  • Appointments,
  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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