Current Affairs : 02-08-2019 in English

Economy

  • The postal department has decided to convert the India Post Payments Bank into - a small finance bank.
  • In accordance with the latest World Bank data, India grew to $2.73 trillion economy in 2018 and has now taken a backseat to be the - seventh largest economy globally.

International 

  • The Foreign Ministers of the member countries of the Association of Southeast Asian Nations (ASEAN) summit 2019 held in - Bangkok (Thailand).
  • This country will launch the 'Hope Probe', the Arab world's first spacecraft to Mars, in July 2020 - UAE.
  • In support of skill development and cottage industry projects in the West African country, India on 31 July extended an assistance of USD 500,000 to – Gambia.
  • First place in the 'QS World’s Best Student Cities Ranking 2019' – London (UK).

National

  • This state will act as the partner state in ‘World Food India (WFI) 2019’ which will be held at New Delhi from November 1 to 4, 2019 - Jammu & Kashmir (J&K).
  • On 31 July, the Union Cabinet approved the signing of MoU between India and this country on cooperation in the exploration and uses of outer space for peaceful purposes - Bahrain.
  • First place in the 'QS India’s Best Student Cities Ranking 2019' – Bangalore (81st).

Persons in News

  • New Director (Operations) at Hindustan Aeronautics Limited, Bengaluru - M S Velpari.
  • Executive Director for India at the International Monetary Fund (IMF) who passed away on 30 July 2019 in US - Dr Subir Vithal Gokarn.
  • New Secretary of the Ministry of Finance - Rajiv Kumar.

Sports

  • The International Cricket Council named two new umpires in the Emirates ICC Elite Panel of Umpires for 2019-20 seasons, named - Michael Gough (England) and Joel Wilson (West Indies).

General Knowledge

  • Gambia - Capital: Banjul; Currency: Dalasi.
  • Bahrain - Capital: Manama; Currency: Bahraini dinar.
  • International Monetary Fund (IMF) – Established in: 1945; Headquarters: Washington D.C. (US).
  • International Cricket Council (ICC) – Formed in: 1909; Headquarters: Dubai, United Arab Emirates (UAE).
  • World Bank – Founded in: 1944; Headquarters: Washington DC (USA).
  • Association of Southeast Asian Nations (ASEAN) – Founded in: 1967; Headquarters: Jakarta, Indonesia.

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