Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 08 - AUGUST - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 08 - AUGUST - 2016
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Wednesday, 10 August 2016 06:45

 

 

 


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DAILY NEWS UPDATES

08- AUGUST - 2016

 

NITA AMBANI BECOMES FIRST INDIAN WOMAN IOC MEMBER

Noted sports promoter and founder chairperson of Reliance Foundation, Nita Ambani was elected as an individual member of International Olympic Committee (IOC). She was elected by IOC members at the 129th Session of the world body in Rio de Janeiro.

With this, she also becomes the first Indian woman to join the prestigious body which governs Olympic sports in the world.

Nita, the owner of Mumbai Indians cricket team franchise and founder of Indian Super League football tournament, was nominated for the post in June 2016 by the IOC Executive Board. 52-year-old Nita is the only current active individual member of the IOC from India and she will serve at the high-profile world body until she attains the age of 70.

Sir Dorabji Tata was the first person to represent India in the IOC. Raja Randhir Singh is currently holding the post of an honorary member after serving the international body from 2000-2014.

Besides Nita, seven other IOC Members were elected at the 129th IOC Session ahead of the Olympic Games Rio 2016. They are:

• Sari Essayah (Finland)

• Ivo Ferriani (Italy)

• Luis Moreno (Colombia)

• Auvita Rapilla (Papua New Guinea)

• Anant Singh (South Africa)

• Tricia Smith (Canada)

• Karl Stoss (Austria)

Apart from this, two Vice-Presidents were also elected on the executive board. They are:

• Juan Antonio Samaranch (Spain)

• Ugur Erdener (Turkey)

The two new Vice-Presidents will replace outgoing Vice-Presidents Nawal El Moutawakel (Morocco) and Sir Craig Reedie (Great Britain).

IOC AGREES TO ADD FIVE SPORTS IN 2020 TOKYO OLYMPICS

The International Olympic Committee (IOC) agreed to add five new sports to the progaramme for 2020 Tokyo Olympics. The sports to be added include Baseball/Softball, Karate, Skateboard, Climbing Sports and surfing in the 2020 Tokyo Olympics.

The decision was taken by the 129th IOC session being held in Rio de Janeiro.

The Organising Committee for the Tokyo 2020 Games proposed the five new sports in response to the new flexibility provided by Olympic Agenda 2020. Tokyo 2020, the first Organising Committee able to take advantage of the change, submitted its proposal for the five new sports to the IOC in September 2015.

The additional sports in Tokyo will not impact the athlete or event quotas of existing Olympic sports or be binding on future host cities. The inclusion of the new sports will add 18 events and 474 athletes.

D K GAYEN ASSUMES CHARGE AS GENERAL MANAGER OF EAST CENTRAL RAILWAY

D K Gayen assumed charge of General Manager of East Central Railway (ECR) with headquarters at Hajipur in Bihar. Gayen succeeds Rajeev Mishra, GM of Eastern Railways, who was holding additional charge of ECR.

Gayen is a 1979 batch officer of Indian Railway Service for Mechanical Engineers (IRSME). Gayen was earlier working as Chief Mechanical Engineer of South Eastern Railway at Kolkata.

About East Central Railway Zone

• East Central Railway is one of the 16 railway zones in India and is headquartered at Hajipur.

• ECR comprises of five divisions -- Danapur, Dhanbad, Mughalsarai, Samastipur and Sonepur.

• The zone came into existence on 8 September 1996 and is fully operational since 1 October 2002.

• This zone is spread over states of Bihar, Jharkhand, Uttar Pradesh and Madhya Pradesh.

YOUSSEF CHAHED APPOINTED AS PRIME MINISTER OF TUNISIA

Tunisia's President Beji Caid Essebsi on 3 August 2016 named Youssef Chahed as the Prime Minister of the country. Chahed's appointment came after parliament ousted Habib Essid in a vote of no-confidence because of his handling of economic reforms and security.

Prior to this, Chahed was Minister for Local Affairs of Tunisia. He is an agricultural sciences specialist and academic who has taught in France and Tunisia.

About Youssef Chahed

• Born in Tunis on 18 September 1975, Chahed entered politics after initially establishing himself as an academic.

• Professionally, Chahed’s first post was as Professor of Agricultural Economics at the Higher Institute of Agriculture in France from 2003 to 2009.

• He is also part of the Nidaa Tounes secular party. Nidaa Tounes and the Islamist Ennahda party, both form part of the ruling coalition.

• He was also involved in the conception and delivery of capacity building systems between Tunisia and the United States.

• Prior to his role as Minister for Local Affairs, Chahed served as the Secretary of State for Fisheries.

RBI CONSTITUTES TARUN RAMADORAI COMMITTEE ON HOUSEHOLD FINANCE

It will have representation from financial sector regulators namely, Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA) apart from Reserve Bank of India (RBI).

Terms of reference of the Tarun Ramadorai Committee

• To benchmark the current depth of household financial markets in India among those in other major world markets and to identify areas of priority for growth and change.

• To characterize and evaluate Indian households' demands in formal financial markets (for assets such as pensions as well as liabilities such as home loans) over the coming decade.

• To consider whether, how and why the financial allocations of Indian households deviate from desirable financial allocation and behaviour like the large household allocation to gold.

• To evaluate the design of new systems and the redesign of existing systems of incentives and regulations to encourage better participation by Indian households in formal financial markets.

• To assess the role of new financial technologies and products in the cost-effective provision of high-quality financial products to Indian households while containing risks.

• The Committee is expected to submit its report by end of July 2017.

Background
The demand for formal financial market investment product like pension as well as liability product like home loan from the Indian household was discussed during the meeting of the Sub Committee of Financial Stability and Development Council (FSDC-SC) held on 26 April 2016.

It was decided during the meeting that a Committee should be set up to look at various facets of household finance in India and submit a report.

WORLD BREASTFEEDING WEEK 2016 OBSERVED

1-7 August: World Breastfeeding Week

The 2016 World Breastfeeding Week (WBW) is being observed across the world. The week is held every year from 1 to 7 August.

The theme for the 2016 World Breastfeeding Week is Breastfeeding: A key to Sustainable Development. The theme aims at raising awareness of the links between breastfeeding and the Sustainable Development Goals.

The week is organized by World Alliance for Breastfeeding Action (WABA), World Health Organisation (WHO) and UNICEF.

WBW’s goal is to promote exclusive breastfeeding for the first six months of life, which yields tremendous health benefits, providing critical nutrients, protection from deadly diseases development.

Background

World Breastfeeding Week was first celebrated in 1992 by WABA.

At present, it is observed in over 120 countries by UNICEF, WHO and their partners.

WBW commemorates the Innocenti Declaration made by WHO and UNICEF in August 1990 to protect and support breastfeeding.

2016 RIO OLYMPICS BEGINS WITH GRAND CEREMONY

The 31st Summer Olympic Games officially began with inaugural ceremony held at the Maracana Stadium in the Brazilian city of Rio de Janeiro.

The Game was declared open by Brazil’s Acting President Michel Temer in the presence of International Olympic Committee chief Thomas Bach and United Nations chief, Ban-Ki Moon.

After declaration of the Games by President Temer, the Brazilian 2004 Athens Olympics marathon bronze winner Vanderlei de Lima lit the Olympic cauldron. He lit the lamp after former tennis world number one and three-time French Open winner Gustavo Kuerten brought the torch into the arena.

Olympic Tradition

After declaration and lighting the flame, the athletes’ parade was led by Greece with the host country Brazil coming at last. The countries marched in alphabetical order based on the spelling of their names in Portuguese.

Traditionally (starting at the 1928 Summer Olympics), Greece enters first, because of its historical status as the progenitor of the Olympics, while the host nation marches last.

Opening Ceremony

The opening ceremony that showcased the rich history and cultural history of Brazil combined with Rio’s famous Samba dance was witnessed by athletes from 205 countries. The ceremony saw participation of around 35000 professionals. With a message of peace and environment, the programme revolved around three main themes - Garden, diversity and joy.

The opening ceremony also saw the traditional Parade of athletes and the lighting of the Olympic cauldron. It delivered a message for planet earth, with organisers saying that each athlete will be given a seedling to plant in what will become the athletes’ legacy for Rio.

Facts of the Rio Olympics

• Nearly 11000 athletes, including a first-ever refugee team, will take part in the 17-day extravaganza featuring 306 events in 42 sport disciplines.

• The Refugee team will compete under the Olympic flag and has members from South Sudan, Syria, Congo and Ethiopia.

• With this, Rio de Janeiro became South America's first Olympic host city, while the African continent is yet to host the Olympic Games.

Other major geographic regions which have not hosted the Olympics include the Middle East, the Indian subcontinent, the Caribbean, and Southeast Asia.

India at Rio Olympics

India is fielding its biggest-ever contingent with almost 120 athletes. Prominent among those are

  • Shooters Abhinav Bindra, Jitu Rai and Gagan Narang
  • Archer Deepika Kumari, wrestlers Yogeshwar Dutt and Vinesh Phogat
  • Boxer Shiva Thapa
  • Sprinters Dutee Chand and Srabani Nanda
  • Tennis stars Sania Mirza, Mahesh Bhupathi, shuttlers Saina Nehwal and K. Srikanth
  • Gymnast Dipa Karmakar
  • Men's and Women's Hockey teams

Indian contingent (95th country to enter the stadium) was led by its only individual gold medallist Abhinav Bindra as the flag bearer. Indian male marched in navy blue colour blazer and trousers, while, their female counterparts had blue blazer and traditional Saree.

The parade was skipped by the men’s hockey players as they had a match against Ireland. The archery, table tennis and weightlifting teams also skipped the opening ceremony.

The build-up of the Games has been dominated by a doping scandal in Russia and also in India, threat of Zika virus, leading to withdrawal by big names, and issues with the city's security, infrastructure and venues. But still, the Games promise to be, as always, the mother of all sporting events.

 

 

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Last Updated on Wednesday, 10 August 2016 06:58
 

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