Today’s Current Affairs 3rd – August- 2018 – MyProgressCard

National News

  1. NHAI to Sign MoU with SBI for a Long Term, unsecured Loan of Rs.25,000 Crore
  • National Highways Authority of India (NHAI) is getting an unsecured loan of Rs.25000 crore from State Bank of India for 10 years with 3 years of moratorium on repayments.
  • This is the largest amount of loan to have been sanctioned to NHAI in one stroke by any institution.
  • This is also the largest long term unsecured loan sanctioned by SBI at a time to any entity.
  • A MoU in this regard will be signed between the two organizations in the presence of Shri Nitin Gadkari, Minister of Road Transport & Highways, Shipping, Water Resources, River Development & Ganga Rejuvenation in New Delhi.

2. North East Venture Fund for North Eastern region

  • North Eastern Development Finance Corporation Ltd. (NEDFi) under the Ministry of Development of North Eastern Region (DoNER) has set up the North East Venture Fund (NEVF) for North East Region.
  • The capital commitment to the fund is Rs.100 crores with an initial contribution of Rs.75.00 crore consisting of Rs.45.00 crore from Ministry of DoNER and Rs.30.00 crore from NEDFi.
  • The balance fund of Rs.25.00 crore has been committed by Small Industries Development Bank of India (SIDBI) in-principle.

3. Sushma Swaraj meets Kazakhstan counterpart

  • As part of India’s efforts to boost strategic partnership with the resource-rich nations, External Affairs Minister Sushma Swaraj is on a 3-nation visit to Kazakhstan, Kyrgyzstan and Uzbekistan.
  • On meeting her Kazakhstan counterpart Kairat Abdrakhmanov, she held a comprehensive discussion on deepening cooperation in areas like trade, energy and defence and security.

4. Ujjwala Yojana to achieve its target of providing 5 crores free LPG connections to poor families

  • Prime Minister Narendra Modi’s project Ujjwala Yojana will achieve its target of providing 5 crores free LPG connections to poor families.
  • The main aim of the project is to bring clean cooking fuel to poor households, which are identified according to their Socio-Economic status.

International News

5. Apple has become the world’s first publicly traded company to be valued at USD 1 trillion

  • Apple is the world’s first publicly traded company to be valued at USD 1 trillion.
  • It marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago.
  • According to FactSet, Apple’s shares gained USD 5.89 to close at USD 207.39, leaving the company’s market value a notch above USD 1 trillion around USD 1,001,679,220,000.

6. US cuts off security aid to Pakistan

  • The United States Congress has slashed the security-oriented financial aid to Pakistan by approving a $716.3 billion defence authorisation bill.
  • The security aid was earlier around $1 billion to $750 million per year.
  • According to the National Defense Authorization Act (NDAA) for 2019, the security aid to Pakistan has been cut down to $150 million.

New Appointments

7. Emmerson Mnangagwa re-elected as Zimbabwe president

  • Incumbent Emmerson Mnangagwa has been re-elected as Zimbabwe’s president.
  • 75-year-old Mnangagwa, of the ruling ZANU-PF party, won 50.8 percent against Nelson Chamisa, of the Movement for Democratic Change (MDC) Alliance.
  • He has been in power since November 2017.
  • Earlier he was the Vice-President and is called ‘the crocodile’.

Expected GK Questions from the above Current Affairs

  1. Recently, National Highways Authority of India (NHAI) has signed a Memorandum of understanding with which bank for a long term, unsecured loan of Rs.25000?

A. HDFC                                                               C. SBI
B. ICICI                                                                 D. PNB

2. Union Government has set up the North east Venture Fund (NEVF) for North east Region. What is the capital commitment to the fund?

A. Rs.25 crores                                                 C. Rs.50 crores
B. Rs.100 crores                                              D. Rs.200 crores

3. External Affairs minister Sushma Swaraj held talks with her Kyrgzstan counterpart to discuss which of the following?

A. Strengthening collective self-reliance
B. Promoting their quality of life
C. Cooperate with international and regional organizations
D. Deepening cooperation in trade, energy, defence, security and other areas.

4. Lok Sabha speaker Sumitra Mahajan handed over how many LPG connections under Pradhan Mantri Ujjwala Yojana achieving the target in 28 months?

A. 1 crore                                                           C. 2 crore
B. 3 crore                                                           D. 5 crore

5. Name the company that recently became the first US-based company with a market value of $1 trillion.

A. PetroChina                                                  C. Apple
B. Walmart                                                       D. Amazon

6. The United States Congress has passed the National Defense Authorization Act-2019 (NDAA-19) which capped its security-related aid to Pakistan to _____________.

A. $250 million                                               C. $150 million
B. $350 million                                               D. $650 million

7. Who won the Zimbabwe presedential election?

A. Emmerson Mnangagwa                         C. Robert Mugabe
B. Morgan Tsvangiri                                      D. Benjamin Netanyahu

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