11th August 2018 Current Affairs


Rajendra Menon sworn in as Chief Justice of Delhi HC

  • Justice Rajendra Menon has taken the oath as the new Chief Justice of the Delhi High Court.
  • Justice Menon was sworn in by Lt Governor Anil Baijal.
  • Justice Menon has earlier been Chief Justice of the Patna High Court.
  • He has succeeded Justice Gita Mittal, who was elevated to head the Jammu and Kashmir High Court.

Axis Bank introduces iris authentication for aadhaar-based transactions

  • Axis bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar -based transactions through its micro ATM tablets.
  • The project is being run as a pilot (or test run) in 8 branches of rural Punjab, Haryana, Gujarat and Andhra Pradesh.
  • Iris scan technology will offer enhanced biometric success rate and better performance speed over currently used methods.

Defence Industrial Corridor launched in Aligarh, UP

  • Defence Minister Nirmala Sitharaman and UP Chief Minister Yogi Adityanath launched a the defence industrial corridor in Aligarh.
  • The move is part of the government’s efforts to develop specialised zones dedicated to defence production in the state.
  • Six nodal points, Agra, Aligarh, Lucknow, Kanpur, Chitrakoot and Jhansi have been identified in state for the corridor.
  • Earlier this year another defence corridor was launched in Tamil Nadu.

Bajaj Allianz, Vijaya Bank enter into ‘Bancassurance’ deal

  • Bajaj Allianz General Insurance has entered into a bancassurance deal with Vijaya Bank.
  • This will enable distribution of Bajaj Allianz General Insurance products through the bank’s network of 2,129 branches across the country.
  • Under the tie-up, Bajaj Allianz will offer personal insurance products such as health, personal accident, home, motor and travel, as well as a commercial line of insurance products.

President of India inaugurates “One District One Product” Summit

  • The President of India, Shri Ram Nath Kovind, inaugurated the “One District One Product” Summit on 10th August 2018 in Lucknow, Uttar Pradesh.
  • Under the ‘One District One Product’ scheme, the UP government has set a goal of providing employment in MSME to 25 lakh people in five years through the financial assistance of Rs. 25,000crores.
  • Uttar Pradesh contributes around 44 per cent in the total handicraft exports of the country.

The Author

Upasana Pradhan

Hello, my name is Upasana Pradhan, I’m currently working as a Content Writer. I have done my Masters in Electronics and Communication from Delhi Technological University, Delhi. I always had a passion for writing. Apart from that, I love listening music, hanging out with friends, Cooking and Shopping.

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