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Important Current Affairs 24th August 2017

Important Current Affairs 24th August 2017

Current Affairs 24th August 2017: INTERNATIONAL RELATIONS

Indian Navy Band to Participate in International Military Music Festival in Moscow (Russia) 

The International Military Music Festival "Spasskaya Tower" is the parade of the best military music bands of Russia and other countries that takes place every year at Red Square in Moscow. 
●    This Music Festival is a mega event, where military musicians represent the variety of national, artistic and military traditions of the world.
●    Every year about 1500 musicians, military men and other artists from around 40 countries perform at the "Spasskaya Tower". 
●    The Festival is duly considered one of the largest international events in Russia and attracts tremendous response of the general public.
●    "Spasskaya Tower" is scheduled this year from 24 Aug to 03 Sep 17. 
●    A Tri-Services band from the Indian Armed Forces has also been invited to participate and perform in the prestigious event. 
●    The participation of the Tri- Services Band would foster better ties between the Armed Forces of the two countries and is also a befitting acknowledgment of the professional skills of the Indian Armed Forces bands.

Bilateral Meeting - India and Uzbekistan 

The Commerce and Industries Minister, Mrs. Nirmala Sitharaman and Mr. Abdulaziz Kamilov, Minister of Foreign Affairs and Mr. Elyor Ganiev, Minister of Foreign Trade held detailed discussions on deepening trade and economic ties between India and Uzbekistan in a bilateral meeting held on 23rd August 2017 in , New Delhi.
●    Commerce Minister expressed happiness on formation of an Uzbek India Trading House at Delhi as a Joint Venture Company.
●    Commerce Minister suggested setting up and activation of a private industry led Joint Business Council to develop and enhance business relations at all levels including investments, trade in goods and services such as education and health in Uzbekistan and India. 
●    She expressed the hope that if the draft agreement under negotiation between India-CIS Chamber of Commerce and Industry and Uzbek Chamber of Commerce is quickly finalized and the Joint Business Council commences work, then it would be a very positive development for enhancing bilateral economic and trade relations.
●    Both the Ministers underlined the high importance of transport & logistics infrastructure for strengthening bilateral trade ties. Commerce Minister requested Uzbek Minister to become member of multilateral INSTC Agreement which would facilitate increased international transit cargo traffic through Iran.

Current Affairs 24th August 2017: NATIONAL NEWS

EPFO organizes Tiranga Yatra – Commemoration of 75th anniversary of the Quit India Movement in Mumbai 

There are moments in the journey of nations that fundamentally alter the course of history.  One such moment was the Quit India Movement that began on 9th August 1942 which finally culminated into freedom of India.  
●    Thereby the nation is observing the 75th anniversary of Quit India Movement.  
●    The Tiranga Yatra is an opportunity to achieve ‘Sankalp’ to ‘Siddhi’ towards a ‘New India’.
●    Employees’ Provident Fund Organisation, is participating in the celebrations of 75th anniversary of Quit India Movement by organizing Tiranga Yatra all the stakeholders i.e. workers from different industries, employers from different sectors and staff & officers of Ministry of Labour and Employment including EPFO participated in the Tiranga Yatra organized in Mumbai on 23rd August 2017.  
●    The Tiranga Yatra was flagged off by the Minister of State(IC) for Labour and Employment, Shri Bandaru Dattatreya, near Indian Oil Office, Bandra(E), Mumbai and culminated at EPFO Regional Office at Bandra(E), Mumbai.          
●    Speaking on the occasion, Shri Bandaru Dattatreya has appealed to all workers, employers, staff & Officers of EPFO to identify themselves as Indians duly rising above from caste, creed and religion.
●    Shri Dattatreya raised slogan “corruption Quit India and make swacch India”.  
●    Shri Dattatreya has appreciated initiatives taken by EPFO for use of new technology and Aadhaar based service to subscribers.  
●    He has reiterated that Government is committed for providing housing to all by 2022 and EPFO has launched Housing Scheme where 90% of the EPF money can be withdrawn in addition to monthly payment of EMI out of the future accumulations in their provident fund.

National Museum takes a New initiative on “Small Temporary Exhibitions” from Its Reserve Collection 

The National Museum took a new initiative on “Small Temporary Exhibitions” from its reserve collection. 
●    The exhibitions will be based on several themes, so that it will attract large number of visitors to view new artifacts every fortnight. 
●    Through such programme National Museum is trying to draw visitor’s attention and allows them to experience the collection on many significant art pieces of reserve storage, which generally remains out of focus.
●    The first temporary exhibition on “Traditional Headgear of India” from the Decorative Arts department was inaugurated by Smt. Rashmi Verma, Secretary Ministry of Culture & Tourism, on 24th July 2017 in National Museum, New Delhi. 
●    This exhibition arranged to showcase printed turban, embroidered dopalli and Maratha stitched cap and zardozi cap specially designed for occasional and ceremonial bases.
●    The second temporary exhibition in the series was inaugurated by Smt. Sujata Prasad, Additional Secretary, Ministry of Culture on 11th August, 2017 in National Museum, New Delhi. 
●    The exhibition will remain open to the public till 27th August, 2017.

New Indian tech reduces cancer risk in petrol

The Indian Institute of Petroleum (IIP) at Dehradun and Reliance Industries Limited (RIL) have developed an indigenous technology to reduce cancer-causing benzene levels in petrol.
●    The World Health Organization has already identified the chemical as a risk for petrol pump workers and vehicle users. 
●    Therefore, the technology is likely to get global attention, sources said.
●    “We are getting a few inquiries on new technology,” senior IIP scientist MP Garg said.
●    IIP officials said the petrol supplied in India carries 1% benzene and the new technology can bring down its levels down to 0.2%. 
●    In fact, RIL has already begun using the technology at its Jamnagar refinery, which primarily exports petrol to the United States, where there are ‘tough’ guidelines on benzene levels.

Current Affairs 24th August 2017: APPOINTMENT

Nandan Nilekani appointed non-executive chairman of Infosys

Infosys co-founder and former chief executive Nandan Nilekani returned to the company board after being named non-executive, non-independent chairman.
●    "(The) Board of Directors has unanimously approved the appointment of Mr Nandan Nilekani as the Non Executive Chairman of the Board, effective immediately," the company said in a statement to stock exchanges.
●    The appointment came amid high-level exits from the tech giant, as former CEO Vishal Sikka and directors Jeffery S Lehman and John Etchemendy resigned from the Infosys board with immediate effect. 
●    Chairman of the board R Seshasayee and co-chair Ravi Venkatesan also stepped down from the board. 
●    The company has accepted their resignation

Rajiv Bansal to be Air India CMD for 3 months

Rajiv Bansal, additional secretary and financial advisor in the petroleum ministry, will be the new chairman of Air India Ltd.
●    “He will be holding additional charge for three months and the government will then take a call on who the regular person should be, whether it should be Rajiv Bansal or someone else,” civil aviation secretary Rajiv Nayan Choubey said on Wednesday.
●    Earlier, the government named the current chairman of Air India Ashwani Lohani as the chairman of the Railway Board.
●    Bansal, a 1988 batch IAS officer, has done an earlier stint in the aviation ministry as a director. 
●    He has also served in the ministry of electronics and information technology, where he looked after digital payments, IT Act, Aadhaar, and internet governance.
●    During his career spanning close to 30 years, Bansal has also served as secretary, Central Electricity Regulatory Commission (CERC); and joint secretary, department of heavy industries.

Current Affairs 24th August 2017: SPORTS

Wayne Rooney announces retirement from international football

England's record goalscorer Wayne Rooney announced on Wednesday he is retiring from international football with immediate effect after manager Gareth Southgate tried to recall him to the squad.
●    The 31-year-old -- scorer of 53 goals in 119 appearances for his country -- told Southgate of his decision during a phone conversation on Tuesday.
●    Southgate had phoned Rooney -- who had lost both the captaincy and eventually his place in the squad as he became a peripheral figure under Jose Mourinho at Manchester United last season -- to congratulate him on his early season form for new club Everton.
●    Rooney has looked rejuvenated and happy -- scoring in both their Premier League matches so far -- since he re-signed for the club that nurtured his talent as a teenager before he left for United.

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