Daily Current Affairs- 20th August 2016

Dear Readers, we are providing Today's important current affairs of Competitive Exams specially for Bank and SSC

1. Urjit Patel appointed as next RBI Governor

1. Patel has been appointed as RBI Governor for a period of three years with effect from September 4 this year.
2. This appointment has been made based on the recommendation of the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Cabinet Secretary.
3. This committee had met twice to discuss all the possible names that can be considered for this assignment and had submitted a short panel of names to the Appointments Committee of the Cabinet (ACC).
4. The incumbent RBI Governor Raghuram Rajan demits office on September 3.
5. Urjit Patel was Responsible for RBI’s report on switching to retail inflation targeting. He is also in charge of the crucial monetary policy department.
6. A PhD from Yale University and an M. Phil from Oxford University, he has also worked with the International Monetary Fund and has experience in energy and financial sectors too.

2. Merger to add $120 b to asset base: SBI

1. State Bank of India today said the ongoing merger of five of its associate banks and Bharatiya Mahila Bank will add ₹ 8 trillion or $ 120 billion to its assets and will create a banking behemoth with global scale.
2. The bank also said the merger of State Banks of Bikaner & Jaipur (SBBJ), Travancore (SBT), Patiala (SBP), Hyderabad (SBH) and Mysore (SBM), and also of Bhartiya Mahila Bank, a bank for women set up in November 2013, will lead to a 36 per cent increase in the SBI’s total assets at ₹ 30 trillion or about $ 447 billion.
3. The combined entity will have network of over 24,000 branches with 2,70,000 employees and 58,000 ATMs serving serving over 50 crore customers.

3. India ranks 39th in Asia Pacific on fixed broadband: UNESCAP Report

1. India ranks a low 39th in terms of fixed broadband adoption in the list of 53 Asia Pacific countries. It was revealed by the recently released report ‘State of ICT in Asia and the Pacific 2016: Uncovering the Widening Broadband Divide’. It was published by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
2. India ranks lower than countries such as Sri Lanka, Bhutan and Bangladesh in fixed broadband subscriptions per 100 inhabitants in 2015 . Hong Kong, New Zealand, Japan, Macao, Australia and Singapore topped the list. In India, just 1.35 of its citizens have subscribed to fixed broadband service in 2015.

4. BRICS women Parliamentarian’s forum begins in Jaipur

1. The meeting of BRICS women parliamentarian’s forum has begun in Jaipur, Rajasthan. BRICS is the grouping of Brazil, Russia, India, China and South Africa. The two day meeting was inaugurated by Lok Sabha Speaker Sumitra Mahajan. A total of 43 delegates from member countries are participating in the meeting.
2. The meeting will see the participation of 5 women parliamentarians from Brazil, 3 from Russia, 28 from India, 2 from China and 4 from South Africa. There will be plenary session on the theme of ‘Perspectives on implementation of SDGs’ at the Rajasthan Vidhan sabha. First session of the meeting will be on the theme of ‘Achieving SDGs- Role of Women Parliamentarians in involving Citizens’.

5. Usain Bolt becomes first athlete to win 9 gold medals in sprinting events of Olympics

1. Jamaican Sprinter Usain Bolt created an unprecedented record of a triple treble (first athlete to win 9 gold medals in sprinting events of Olympics) by winning third Gold medal in Rio Olympics 2016. He achieved this feat after Jamaica won gold medal in 4x100m relay final at the Rio Olympics. 
2. The team comprised of Usain Bolt, Asafa Powell, Yohan Blake and Nickel Ashmeade. Earlier in August 2016, Bolt had won gold medal in the 100-metre final at the Rio Olympics, becoming first athlete to win the event three times at consecutive Olympic Games. It was followed by his second win in the 200-metre final with a gold medal.

6. 19 August: World Humanitarian Day

1. The World Humanitarian Day (WHD) is observed every year on 19 August to recognize work of humanitarian personnel and those who have lost their lives working for humanitarian causes. The observance of the day also provides an opportunity to celebrate the spirit that inspires humanitarian work around the globe.
2. “One Humanity”. It highlights importance of shared human experiences that bind people together across divides and create a common responsibility to demand action for the most vulnerable at risk of being left behind. 2016 WHD digital campaign: “The World You’d Rather”.

7. India’s P V Sindhu wins silver medal at 2016 Rio Olympics

1. India’s ace shuttler Pusarla Venkata Sindhu won the silver medal in women’s singles badminton event at 2016 Rio Olympics. In the final match of women’s singles badminton event, Sindhu lost to Spain’s Carolina MarĂ­n (World No.1) by 21-19, 12-21, 15-21 score. 2. Earlier in her quarterfinal match, she had defated Japan’s Wang Yihan (World No.2) by 22-20, 21-19 score. With this, Sindhu became the first Indian woman to win silver medal in Olympics. Besides, she also became the fifth woman player from India to win a medal in Olympics. 
3. Moreover, she also became the fourth Indian to win a silver at the Olympics after wrestler Sushil Kumar (2012 London Olympics) and shooters Rajyavardhan Singh Rathore (2004 Athens Olympics) and Vijay Kumar (2012 London Olympics).

8. India Post Payments Bank Limited incorporated

1. The India Post Payments Bank Limited (IPPBL) has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs under the Companies Act 2013. IPPBL would be the first PSU under the Department of Posts (DoP). With the incorporation, the Board of the IPPBL is likely to be constituted soon. 
2. The incorporation of the IPPB Ltd paves the way for it to begin hiring of banking professionals to set up the bank and begin its operations in 2017. The DoP is expected to complete the roll out of its branches all over the country by September 2017. This could be the fastest roll out for a bank anywhere in the world.

9. Wrestler Narsingh Yadav banned for four years by Court of Arbitration for Sport

1. Indian wrestler Narsingh Yadav was banned from all competitive sporting events for four years by the Court of Arbitration for Sport (CAS) based in Lausanne, Switzerland. He was banned by CAS following an appeal by World Anti-Doping Agency (WADA) as there was no evidence to accept his claim that his food was spiked by banned doping substance. 
2. With CAS ruling, Yadav’s suspension begins immediately and he will not be able to participate in the 2016 Rio Olympics. He had qualified for the 2016 Rio Olympics in the 74 category of freestyle wrestling event.