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2nd August 2018 Current Affairs

Contents

IT Ministry launches e-Aksharayan Language Software

  • At a symposium for Indian Languages Technology Industry “Bashantara” in New Delhi, the IT Ministry’s Ajay Prakash Sawhney has launched e- Aksharayan in 7 Indian Languages.

  • E-Aksharayan is a desktop software that can convert scanned printed Indian Language documents into fully editable text format in Unicode Encoding.

  • E-Aksharayan works in the following languages – Hindi, Malayalam, Kannada, Tamil, Bangla, Gurmukhi, and Assamese.

Neeraj Chopra wins Gold Medal at Savo Games in Finland

  • Indian Javelin Athlete Neeraj Chopra won a gold medal at the Savo Games in Lapinlahti, Finland.

  • Chopra recorded a throw of 85.69 meters to win Gold at the event.

  • Chao- Tsun Cheng of Chinese Taipei recorded a throw of 82.52 m to win silver medal.

China launches High- Resolution Earth Observation Satellite

  • China launched Gaofen – 11, an optical remote sensing satellite, as a part of the country’s high resolution Earth Observation Project.

  • The Gaofen-11 Satellite was launched on a Long March 4B Rocket.

  • It was the 282nd Flight Mission by a Long March carrier Rocket.

  • The satellite can be used for Land survey, urban planning, road network, design, agriculture, and disaster relief.

  • Data from the satellite will be also used for the Belt and Road Initiative.

RBI hikes repo rate by 25 bps to 6.5% raises inflation projection.

  • The Reserve Bank of India’s monetary policy committee (MPC) raised policy rates by 25 basis points to 6.5%, in its Third Bi-Monthly Monetary Policy Statement for 2018-19.

  • Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) is adjusted to 6.25%.

  • The decision of the MPC is in line with the neutral stance of the monetary policy. The objective is to achieve the medium- term target for consumer price index (CPI) inflation is 4%.

Government launches Seva Bhoj Yojana to help charitable institutions

  • The Ministry of Culture launched the Seva Bhoj Yojana scheme to reimburse CGST and IGST to religious and charitable institutions who provide food for free.

  • Under the scheme, the Government set aside Rs 325 Crore for the financial years, 2018-19 and 2019-20.

  • This means religious and charitable institutions will effectively not have to pay CGST and IGST on food that is provided free of cost to the public or devotees.

  • IGST stands for Integrated Goods and Service Tax.


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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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