18th August 2018 Current Affairs


NPCI launches upgraded UPI with overdraft facility

  • The National Payments Corporation of India (NPCI) has launched an upgraded unified payments interface (UPI).
  • The new UPI comes with better security and overdraft facility.
  • The upgraded UPI, which is referred to as UPI 2.0, was launched by the RBI governor Urjit Patel.
  • Through the new UPI, customers can create a mandate, providing commitment to pay money, but paying later.
  • Customers will also be able to check the invoice before making a payment.

India’s First Project of Swadesh Darshan Launched in Manipur

  • The Manipur Governor, Dr. Najma A. Heptulla inaugurated the project ‘Development of North East Circuit: Imphal & Khongjom’ implemented under the Swadesh Darshan Scheme of Ministry of Tourism, Government of India.
  • The Project covers two sites – Kangla Fort in Imphal and Khongjom was taken up at a estimated cost of Rs 72, 22, 82607 under the Union Ministry of Tourism.
  • Swadesh Darshan (tour of country) is a flagship scheme of the Ministry of Tourism for the development of thematic circuits in the country in a planned and prioritised manner.
  •  The scheme was launched in 2014-15and the ministry has so far sanctioned 70 projects at a cost of Rs 5,708.88 crore.

K S Srinivas appointed chairman of Marine Products Export Development Authority

  • IAS officer K S Srinivas has taken over as Chairman of Marine Products Export Development Authority (MPEDA).
  • Prior to his appointment, he served as Joint Secretary in Department of Agriculture Cooperation and Farmers’ Welfare in Ministry of Agriculture.

Smitha V. Crishna tops list of India’s wealthiest women

  • Third-generation heir of the Godrej family Smitha V. Crishna has topped the Kotak Wealth Hurun-Leading Wealthy Women 2018 list.
  • Crishna’s wealth is estimated at Rs.37,570 crore (Rs.375.7 billion).
  • She owns one-fifth of the Godrej Group.
  • Roshni Nadar, CEO and executive director at HCL, ranks second on the list, with an estimated wealth of Rs.30,200 crore (Rs.302 billion).
  • Third on the list is chairperson of the Times Group, Indu Jain, with Rs.26,240 crore (Rs.262.4 billion).

N Raghuram becomes first India to be elected Chair of International Nitrogen Initiative

  • Indian scientist N Raghuram has become the first Indian and the first Asian to be elected Chair of the International Nitrogen Initiative (INI).
  • Raghuram specialises in the biological determinants of the efficiency of the use of nitrogen in crops.
  • He will formally take up the role on January 1st, 2019.
  • David Kanter of the New York University, an expert in the role of nitrous oxide and nitrogen policy evaluation, has been elected as Vice-Chair.

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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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