Current Affairs Current Affairs August 2019

  Mohali traffic police have launched 3-D Smart Traffic Signal devised by the students of a Chandigarh university. The wireless system, called ‘Intelights’, has been installed at the traffic crossing near the Airport Road, on a pilot project basis, and will regulate traffic signals with a smartbird’s eye view wireless sensor system. The new system will have sensors which would automatically switch on the green and red signals depending upon the number of vehicles coming from that particular side.
Source: The News on Air

 AustralianSuper and Ontario Teachers’ Pension Plan will invest $1 billion each in the National Investment and Infrastructure Fund (NIIF) Master Fund. The agreements include commitments of $250 million each in the Master Fund and co-investment rights of up to $750 million each in future opportunities alongside the Fund. 
National Investment and Infrastructure Fund is India’s first sovereign wealth fund that was set up by the Government of India in February 2015. It manages over $4 billion of capital commitments across three funds. The Fund invests in equity capital in core infrastructure sectors in India with a focus on transportation, energy and urban infrastructure. AustralianSuper is Australia’s largest superannuation fund and Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan. AustralianSuper and Ontario Teachers’ will also become shareholders in National Investment and Infrastructure Fund Limited.
Source: The Economic Times

  India’s Satwiksairaj Rankireddy and Chirag Shetty scripted a piece of history by breaching the ‘Chinese Wall’ of reigning World champions Li Jun Hui and Liu Yu Chen, with a victory in the men’s doubles final of the Thailand Open badminton championship in Bangkok.
Source: The Hindu

  Formula One Mercedes driver Lewis Hamilton hunted down Max Verstappen to win the Hungarian Grand Prix for a record-extending seventh time and surge 62 pointsclear in the championship standings.
Source: The Hindu

  A series of historical decisions which includes the scrapping of Article 370 & Art-35-Aand the introduction of “J&K Reorganisation Bill 2019” were taken today during the session of Rajya Sabha. Article 370 was providing special autonomous status to the Indian state “Jammu & Kashmir” which will be no longer applicable from today. The Constitution (Application to Jammu & Kashmir) Order 2019 made by Indian President Ram Nath Kovind was published. Once this order was tabled by the home minister, it came into force immediately and supersede the Constitution (Application to Jammu & Kashmir) Order 1954. All the provisions related to the state of Jammu & Kashmir mentioned in the order will apply to the state. With the above proceedings, Home Minister moved a resolution in Rajya Sabha that all clauses of Article 370 of the Constitution, which gives special status to Jammu and Kashmir, will not be applicable in the state. With this, Union Government scrapped article 370 and 35A in J&K and introduced a new bill named “J&K Reorganisation Bill 2019”.
  • J&K Reorganisation Bill 2019:
J&K Reorganisation Bill 2019 was moved by the Home Minister Amit Shah in the Rajya Sabha. The bill bifurcated the state of Jammu and Kashmir into 2 new Union Territories, one with the legislature and the other without the legislature. The 2 Union Territories will be Jammu and Kashmir division and Ladakh. As per the bill, the union territory of Jammu and Kashmir will have a legislature the same as that of Delhi and union territory in Ladakh will have no legislature, same as that of Chandigarh. This is a great decision taken by the government of India to ensure the welfare of the people of Kashmir and India as a whole. This step will help to cure India from terrorism, Army issues among others.

  National Academy of Art, Lalit Kala Akademi, celebrated its 65th Foundation Day in New Delhi. The event was inaugurated by Culture and Tourism Minister. The Minister also inaugurated art camp and artwork and painting exhibition and released a book – Mithila Ki Lok Chitrakala. Lalit Kala Akademi or National Academy of Art was established in New Delhi in 1954 by the government to promote and propagate understanding of Indian art, in and outside the country.
Source: The News on AIR

  Indian IT company Mindtree Ltd has announced the appointment of Debashis Chatterjee as its new Managing Director and Chief Executive Officer. Also, S.N. Subrahmanyan, the CEO of Larsen & Toubro Ltd (L&T) has been appointed as non-executive vice chairman.
Source: The Live Mint

  HSBC has announced the departure of its Chief Executive Officer John Flint. Noel Quinn, the head of HSBC’s Global Commercial Banking unit will replace John Flint as the interim CEO.
Source: The Hindu

  External Affairs Minister S Jaishankar attended 10th Mekong-Ganga Cooperation (MGC) in Thailand’s Bangkok. In MGC the Ministers adopted the new MGC Plan of Action 2019-2022 that envisages project-based cooperation in the seven areas of MGC cooperation, namely tourism and culture, education, public health and traditional medicine, agriculture and allied sectors, transport and communication, MSMEs as well as three new areas of cooperation, i.e. water resources management, science and technology, skill development and capacity building.
Source: The Business standard

  French inventor Franky Zapata is 1st person in history to cross the English Channel on the jet-powered hoverboard.  Zapata completed the crossing in 22 minutes, reaching speeds of up to 110mph (177km/h) flying 15-20 metres (50-65ft) above the water. Zapata made the 35-kilometre (21.5 miles) crossing from the French seaside town of Sangatte to St. Margaret’s Bay in Dover, England.
Source: The Guardian


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