CURRENT AFFAIRS 6th AUGUST

ISRO sets up SSAM in Bengaluru

K Sivan, chairman, Isro, laid the foundation stone for Space Situational Awareness Control Centre at Peenya in Bengaluru.

Isro has set up a directorate of space situational awareness and management aiming at protecting high valued space assets from space debris close approaches and collisions. The control centre would facilitate the intensified activities foreseen for SSAM, in view of increasing debris population and operational space assets. The control centre would host a range of activities pertaining to the protection of Indian space assets from inactive satellites, pieces of orbiting objects, near-earth asteroids and adverse space weather conditions.

Notes :

  • Headquarter of ISRO: Bengaluru; Established in: 15 Aug 1969.

RBI imposes Rs 11 cr fine on 8 PSBs for violating norms

The Reserve Bank of India has imposed a collective penalty of Rs 11 crore on 7 public sector banks. The penalty has been imposed for non-compliance with certain provisions of directions issued by RBI on ‘Code of Conduct for Opening and Operating Current Accounts.

The penalties on 8 banks are as follows:

  • Allahabad Bank and Bank of Maharashtra have been imposed with a penalty of Rs 2 crore each.
  • Bank of Baroda, Bank of India, Indian Overseas Bank and United Bank of India have been imposed with a penalty of Rs 1.5 crore each.
  • Oriental Bank of Commerce has been imposed with a penalty of Rs 1 crore.

RBI has also imposed a fine of Rs 1 crore on Corporation Bank for non-compliance of norms related to cyber security framework for banks, frauds classification and reporting.

Notes :

Governor of RBI: Shaktikant Das;

Headquarters: Mumbai;

Founded: 1 April 1935, Kolkata.

EAM Jaishankar attends 10th Mekong-Ganga Cooperation in Bangkok

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.

Notes :

Capital of Thailand: Bangkok,

Currency of Thailand: Baht.

Debashis Chatterjee becomes MD and CEO of Mindtree

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.

Lewis Hamilton wins Hungarian Grand Prix

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 points clear in the championship standings.

He also wins in the year 2007,2009,2012,2013,2016,2018,2019.

RBI fines PNB Rs 50 lakh

RBI has imposed a penalty of Rs 50 lakh on Punjab National Bank (PNB) for the delay in reporting of fraud observed from the fraud monitoring report-1 submitted by Punjab National Bank on July 10, 2018, in the account of Kingfisher Airlines Limited.

Note :

  • Managing Director & Chief Executive Officer of PNB: Sunil Mehta.

Cricket commentator Anant Setalvad, passes away

Cricket commentator Anant Setalvad, who used to draw pictures of the game’s progress on airwaves with his fine command of the English language, from the mid 1960s through to the 1980s, passed away .

Anant was the commentator for All India Radio (AIR) in Ranji Trophy and other BCCI tournaments and also for Test matches.

India test-fires Surface to Air-Missile from Chandipur

India successfully test-fired its all-weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at launch complex III of the Integrated Test Range at Chandipur in Odisha.

This Missile Jointly developed by Defence Research and Development Organisation (DRDO) and Bharat Electronics Ltd, the QR-SAM weapon system is a quick reaction, network-centric missile system capable of search-on-the-move. QR-SAM system can also engage multiple targets within a range of around 25 to 30 km with 2 vehicle configuration for area air defence. It is a truck-mounted missile with a 360 degree rotatable, electro-mechanically operated, turret-based launch unit.

Notes :

Chairman of DRDO : G Satheesh Reddy,

Established in : 1958.

Headquarters of DRDO: New Delhi.

French inventor crosses English Channel on ‘Flyboard’

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.

Jammu & Kashmir and Ladakh to be separate Union Territories; Article 370 scrapped

Under the article 370 , the centre needs the state government’s concurrence to apply laws — except in defence, foreign affairs, finance and communications.

It means the state’s residents live under a separate set of laws, including those related to citizenship, ownership of property, and fundamental rights, as compared to other Indians. As a result of this provision, Indian citizens from other states cannot purchase land or property in Jammu & Kashmir.

Under Article 370, the Centre has no power to declare financial emergency under Article 360 in the state. It can declare an emergency in the state only in case of war or external aggression.

After Kashmir’s special status is gone, people from anywhere in India be able to buy property and permanently settle in the state.


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