Page-23 of Current Affairs - August, 2018

Investment in P-notes hits 9-year low at Rs 80,341 crore

Investments through participatory notes (P-notes) into Indian capital markets- equity, debt, and derivatives have plunged to over nine-year low of Rs 80,341 crore till July 2018-end. This is the lowest level since April 2009 when the cumulative value of such investments stood at Rs 72,314 crore. Background The decline comes amid stringent norms put in ..

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Barak 8 missile defence system: Israeli Navy to procure Indo-Israel made missile

Israeli Navy has announced to procure multi-purpose Barak 8 missile defence system, jointly developed by India and Israel. It will be used by Israeli Navy’s Sa’ar-6 corvettes to expand its operational capabilities of Israeli navy, including defence of Israel’s territorial and exclusive economic zone (EEZ) and strategic facilities from diversified threats. Barak-8 Missile Barak-8 (Lightning ..

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Banks Board Bureau hires Egon Zehnder, Hay Consultants to develop strategies

Banks Board Bureau (BBB) has appointed two firms Egon Zehnder International Pvt. Ltd and Hay Consultants Pvt. Ltd to assist in developing strategies for top bank management. Key Facts Egon Zehnder was appointed as knowledge partner to design, implement and institutionalise a flagship leadership development strategy for state-run banks in India. Hay Consultants was appointed ..

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Esow Alben: Teen cyclist creates history by winning India's first ever medal at world level

Indian Teen cyclist Esow Alben (17) created history by winning the country’s maiden medal in track cycling at the world level. He achieved this feat by winning silver medal in Men’s Keirin event of UCI Junior Track Cycling World Championships held in Aigle, Switzerland. In the final sprint of this event, Esow finished just 0.017 ..

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US announces creation of Iran Action Group to pressurise Iran

United States (US) State Department has announced creation of Iran Action Group (IAG) to execute President Donald Trump administration’s Iran strategy and pressure country to change its behaviors.  Its creation comes in wake of US withdrawal (unilaterally) from Joint Comprehensive Plan of Action (also known nuclear deal) signed between Iran and P5+1 countries (P5: China, ..

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