Current Affairs : 08-08-2019 in English

Days in Focus

  • National Handloom Day in India – 7 August

Economy

  • This global payment solutions company launched “Identity Check Express”, a card payment feature that will allow customers to do uninterrupted transactions - Mastercard.
  • As per National Council of Applied Economic Research (NCAER), India's GDP growth in 2019-20 is likely to be - 6.2%.
  • To treat as priority sector lending for banks, the Reserve Bank of India (RBI) allowed the banks on lending through Non-banking financial companies (NBFCs) to - Agri, MSMEs and affordable housing.
  • The Reserve Bank of India (RBI) on August 7 cut the repo rate (its key lending rate) by 35 basis points to - 5.40%.
  • The RBI on August 7 expects India’s real or inflation-adjusted gross domestic product (GDP) in 2019-20 to grow at - 6.9%.

International 

  • India contributed this much amount to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees - USD 5 million.
  • On7 August, 46 members of the UN Convention on International Settlement Agreements (UNISA)Resulting from Mediation has inked - the Singapore “Convention on Mediation”.
  • American Nobel laureate person, who died on 5 August 2019 - Toni Morrison.

Persons in News

  • The first woman chief minister of Delhi who died on 6 August 2019 - Sushma Swaraj.
  • Chairman and Managing Director of Power Grid Corporation - Kandikuppa Sreekant.

Sports

  • This former New Zealand captain announced his retirement from all forms of cricket on 5 August - Brendon McCollum.

General Knowledge

  • United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees founded in - 1949.
  • Power Grid Corporation was established in - 1989.
  • The UN Convention on International Settlement Agreements (UNISA) Resulting from Mediation was adopted by UNGA in - 2018 (December 20).
  • Reserve Bank of India (RBI) – Founded in: 1935 (1 April); Headquarters: Mumbai (Maharashtra).
  • A basic concept of Gross Domestic Product (GDP) introduced by - British economist William Petty.

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