Current Affairs Current Affairs August 2018

 Government will launch the ambitious Jan Arogya Abhiyaan (Ayushman Bharat healthcare scheme) on 25th September 2018, the birth anniversary of Pandit Deen Dayal Upadhaya. The scheme aims at benefiting 50 crore Indians. The scheme aims to provide a coverage of Rs five lakh per family annually, benefiting more than 10 crore poor families.
Source- DD News

 International Master Nihal Sarin became the 53rd Grandmaster of India despite losing his final round game to Richard Rapport of Hungary in the ninth and final round of Abu Dhabi Masters. The 14-year-old Nihal tallied 5.5 points out of a possible nine and the final GM norm came the Kerala boy’s way with one round to spare.
Source- Hindustan Times

 Former India cricket captain Ajit Wadekar, who led the team to path-breaking Test wins in England and the West Indies, passed away after prolonged illness. He was 77. The aggressive batsman was a trailblazer in Indian cricket despite a mere 37 Test appearances, leading India to triumphs in England and the West Indies in 1971. Wadekar scored 2,113 runs in his Test career, including one hundred, and was also the country's first ODI captain. 
Source- The Times of India

 The 24th World Congress of Philosophy (WCP) was held in Beijing, China from August 13 to 17, 2018. It was organized by the International Federation of Philosophical Societies, and Peking University. Its theme was “Learning To Be Human”. This was first time that the quinquennial (once in five year) event was held in China.
  • Key Facts
24th WCP event saw more than 1,000 activities such as plenary sessions, symposia, lectures and roundtables. More than 6,000 philosophers and academics from 121 countries and regions had attended the event. They had shared diverse philosophical thoughts and took part in dialogues focusing on major issues confronting development of global civilization and challenges that mankind will face in the future.
  • World Congress of Philosophy
It is global meeting of philosophers held every five years (quinquennialy) under auspices of International Federation of Philosophical Societies (FISP). It was first organized in 1900 in Paris, France and since it has become one of the largest philosophical events in the world. Its purpose is to contribute to development of professional relations between philosophers of all countries, promote philosophical education, and contribute to impact of philosophical knowledge on global problems. Each World Congress is sponsored by one of member societies in different country, which assumes responsibility for organization of that Congress.

 Bharti Axa Life Insurance and Airtel Payments Bank entered into an alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), a government-backed life insurance scheme. The alliance will leverage Airtel Payments Bank’s vast network to reach deep rural pockets and serve the under-insured. With this, Airtel Payments Bank also becomes the first payments bank in India to offer the Government of India-backed life insurance scheme. The product (PMJJBY) provided by Bharti Axa Life Insurance offers Rs 2 lakh life insurance cover for a nominal premium of Rs 330 per annum and can be purchased by all existing or new Airtel Payments Bank savings bank account holders between the ages of 18-50.
Source- The Hindu Business Line

 Government will launch the ambitious Jan Arogya Abhiyaan (Ayushman Bharat healthcare scheme) on 25th September 2018, the birth anniversary of Pandit Deen Dayal Upadhaya. The scheme aims at benefiting 50 crore Indians. The scheme aims to provide a coverage of Rs five lakh per family annually, benefiting more than 10 crore poor families.
Source- DD News

 Bharat Sanchar Nigam Ltd (BSNL) has launched BSNL WINGS a VOIP based service. In WINGS, there is no SIM or cable wiring as is a VOIP service through an app. The WINGS service offers unlimited free audio/video calling for one year. The service can be activ BSNL WINGS a VOIP ated with a one-time fee of Rs. 1,099 (Rs 1,297 with GST). Calls can be made using any data connection such as wired broadband, Wi-Fi, 3G or 4G network of any any operator.
Source- The Hindu Business Line

 Former prime minister Atal Bihari Vajpayee has passed away aged 93 in Delhi. Atal Bihari Vajpayee was three times Prime Minister of India. First Term: May 1996, Second Term: 1998-1999 and Third Term: 1999-2004. A member of the Bharatiya Janata Party (BJP), Vajpayee served as the eleventh Prime Minister of India. He headed the BJP-led National Democratic Alliance in the Indian Parliament, and became the first Prime Minister unaffiliated with the Indian National Congress to complete a full five-year term in office.
Source- The Economic Times

 
 Recently hackers have stolen (illegally withdrawn) Rs .94 crore from Pune’s Cosmos Cooperative Bank via ATMs in 28 countries. It is possibly first of its kind coordinated digital attack on Indian bank. In this cyber heist considered to be originated in Canada, Rs. 78 crore were illegally withdrawn in more than 12,000 ATM transactions in 28 countries. Rs 2.5 crore were made in different places within India with another 2,800 transactions. Moreover, Rs 13.5 crore was transferred to Hong Kong-based entity using the Society for Worldwide Interbank Telecommunications (SWIFT) facility.
  • Modus Operandi of Hackers
The illegal withdrawals were enabled by malware attack which authenticated debit card transactions bypassing the bank’s computerised core banking systecore banking system (CBS),which allows banks to settle cash dispensation requests raised at ATMs. The malware had created proxy switching system, which had bypassed need for validation by CBS of bank. The operation of switching systems involves variety of agencies, including banks, which participate in complex yet lightning fast process of dispensing money from teller machine. This might have been preceded by another cyber-attack, resulting in data theft of hundreds of bank’s debit cards. The information on these debit cards were then have been cloned on to fake cards used in physical withdrawal of cash from ATMs across the world. The illegally withdrawn money has gone out from bank’s corpus and not from individual accounts of the bank’s customers.

 The Government of India has released 470 million Nepali rupees grant for Terai roads project in Nepal. Indian Ambassador to Nepal Manjeev Singh Puri handed over a cheque of grant to Secretary, Ministry of Physical Infrastructure and Transport of Nepal, Madhusudan Adhikari in Kathmandu, Nepal. The amount has been released to maintain fund liquidity for the ongoing construction of 14 road packages under Postal Highway Project. With this payment, 2.35 billion Nepali rupees have been released so far out of total grant assistance of 8 billion Nepali rupees committed by the Government of India for implementing 14 packages under Postal Highway Project. 
Source- AIR World Service


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