Current affairs updates for August 14th , 2017 – General Awareness GK for IBPS, SBI, SSC Exams

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1. N.K. Jemisin’s ‘The Obelisk Gate’ wins Best Novel 2017

At Hugo Awards


The Hugo Award for Best Novel 2017 was given on Friday to Nora K. Jemisin, an American speculative fiction writer for her work ‘The Obelisk Gate’.
The award was presented at the 75th World Science Fiction Convention in Helsinki.
The awarded book was the second in the trilogy that started with ‘The Fifth Season’, which was New York Times Notable Book of 2015 and won Jemisin the Hugo Award for Best Novel in 2016

2. Flipkart world’s 3rd most funded pvt co

After $2.4bn from softbank


With the $2.4 billion it just received from Japanese technology and telecom giant SoftBank, Flipkart has become the third most funded private company globally.
The homegrown e-commerce company has to date raised almost $7 billion in capital, higher than that raised by global behemoths like online house rental aggregator Airbnb ($3.3 billion) and mobile phone maker Xiaomi ($1.4 billion).
The top two are both ride hailing platforms — Chinabased Didi Chuxing and USbased Uber.

3. Govt. launches national anthem video in sign language

features actor Amitabh Bachchan


Union Minister of State for HRD Mahendra Nath Pandey, on Thursday, launched an Indian National Anthem video in sign language, featuring differently-abled and partially differently-abled children.
Directed by filmmaker Govind Nihalani, the three-minute video features Bollywood actor Amitabh Bachchan along with physically challenged children performing the anthem in sign language with the Red Fort in the background.

4. Gujarat govt to give ‘Namo’ tablets to 3.5 lakh college students

At susidized rate of Rs.1000


Around 3.5 lakh college students in Gujarat will get tablets at a subsidised rate of Rs 1,000 each under a state government scheme launched by chief minister Vijay Rupani in Ahmedabad on Friday.
Under this scheme, the first year college students in the state will get 7-inch ‘NAMO E-Tab’ tablets, which have a market value of Rs 8,000 each, by just paying Rs 1,000.

5. Trump appoints Chatterjee to chair energy commission

For United States


The White House said on Thursday that President Donald Trump had appointed Neil Chatterjee as chair of the Federal Energy Regulatory Commission.
Last week the Senate confirmed Chatterjee and Robert Powelson as members of the FERC, restoring a quorum to the agency. Chatterjee had previously been an energy policy advisor to U.S. Senate Majority Leader Mitch McConnell.

6. Centre to exempt Tamil Nadu from NEET

For only this year


In what could be much-needed respite to the State government, Union commerce and industries minister Nirmala Sitharaman said the Centre is willing to consider TN plea for Neet (National Eligibility cum Entrance Test) exemption for a year for government medical colleges alone but ruled out permanent exclusion from the national level eligibility test.

7. No bridge being built by China in Ladakh

Govt denied any fresh aggression from China


Government sources on Sunday denied reports of China building a bridge in Ladakh.
Earlier a report said on Sunday China was building a bridge in the no man’s land in Ladakh.
“The report that China is building a bridge in Ladakh is wrong,” a government source said.
The source also denied any fresh aggression from China.

8. Canara Bank rolls out two digital products

Bharat QR, BBPS


Canara Bank has launched two digital products: ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System, an integrated bill payment system for Net banking customers.
Launching the products, Rakesh Sharma, Managing Director and CEO, said the “bank is always poised for a digital revolution and has begun to offer scores of digital payment products/platforms to enhance customer convenience by reducing cash transactions.”

9. Banks exploring use of artificial intelligence in operations

Also Machine Learning


Chief Executive Officer, Quadratic Insights has told a newspaper that
By adopting Artificial Intelligence and Machine Learning, some banks have automated operational processes, resulting in cost reduction and faster turn-around time.
Some non-banking finance companies (NBFCs), payments banks, insurance companies, investment advisory companies and online financial service providers are also looking to upgrade their processes.

10. India’s first aviation university to be inaugurated on Aug 18

At Fursatganj in Uttar Pradesh


The country’s first aviation university at Fursatganj in Uttar Pradesh’s Rae Bareli district is all set for inauguration on August 18.
Civil Aviation Minister Ashok Gajapathi Raju, his deputy Jayant Sinha, Uttar Pradesh Chief Minister Yogi Adityanath, Congress vice president and Amethi MP Rahul Gandhi, among others are expected to attend the inaugural event, officials of the Rajiv Gandhi National Aviation University.




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