Current Affairs For Bank, IBPS Exams - 28 August, 2015

Current Affairs for BANK, IBPS Exams

28 August 2015

:: International ::

Greece's New Prime Minister Names Caretaker Cabinet

  • Greece's new prime minister, a top judge who is the country's first female premier, named the members of her caretaker government Friday as the country heads to early elections next month, the third time Greeks will go to the polls this year.

  • The appointments come a day after Supreme Court head Vassiliki Thanou was sworn into office.

  • The 65-year-old was appointed after outgoing prime minister Alexis Tsipras resigned last week, barely seven months into his four-year mandate, following a rebellion by members of his radical-left Syriza party who objected to his agreement with the conditions of Greece's third international bailout.

  • The finance ministry post went to Giorgos Houliarakis, an academic who had been on Greece's negotiating team during talks with creditors.

  • Popular Greek pop singer Alkistis Protopsalti was named tourism minister. The new cabinet was to be sworn in later Friday.

  • Elections are widely expected to be set for Sept. 20. Tsipras has said he needs a stronger mandate to implement the tough austerity measures accompanying the three-year, 86 billion euro bailout, but an opinion poll published in the left-leaning Efimerida ton Syntakton newspaper Friday found small support for his move.

  • Sixty-four percent said Tsipras' decision to call the snap poll was wrong, compared to 24 percent who considered it correct. The remainder took no position or did not reply.

Facebook cross billion users accessing the site on a single day

  • The biggest social networking platform Facebook has just gotten even bigger. Company CEO Mark Zuckerberg announced that Facebook had one billion people logged on to the site on a single day, marking the first time in company history to reach this milestone.

  • According to a Facebook post by the CEO, “On Monday, 1 in 7 people on Earth used Facebook to connect with their friends and family.” He stated that the company uses average numbers but this instance was different! “This was the first time we reached this milestone, and it’s just the beginning of connecting the whole world,” he added.

  • Facebook has also released a special video to commemorate the milestone.

  • The CEO went to say how proud he was of their community and the progress which has been made. He states, “A more open and connected world is a better world.

  • It brings stronger relationships with those you love, a stronger economy with more opportunities, and a stronger society that reflects all of our values.”

:: Business ::

RBI likely to cut interest rates in September policy meet

  • There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on September 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier.

  • The median from survey of 21 economists showed a 60% chance that the central bank would cut its policy repo rate from 7.25% at the next meeting, whereas a previous poll in July had shown a move was more likely in the final three months of the year.

  • Since then, India has released consumer price data for July that showed retail inflation at a record low of 3.78%, giving the RBI more room to ease policy.

  • Keen to inject more momentum in the economy and encourage investment, the government and business community have urged the central bank to lower interest rates, though RBI Governor Raghuram Rajan has stressed that he wants to see low inflation on a sustained basis.

:: Sports ::

Novak Djokovic in a new role as global goodwill ambassador

  • Top-ranked tennis star Novak Djokovic has a new title — goodwill ambassador for the UN children's agency, UNICEF.

  • The world No. 1 men's player has worked on children's issues for UNICEF in his native Serbia since 2011. UNICEF has now appointed him a global goodwill ambassador.

  • UNICEF Deputy Executive Director Yoka Brandt said Wednesday Djokovic's new job recognized his work in Serbia to improve the lives, particularly of marginalized children, and to promote early childhood education.

  • Djokovic grew up in Serbia during the Balkan wars and became a top tennis player there. He has gone on to win nine tennis majors and is considered one of the sport's all-time greatest players. He is a favorite to win New York's U.S. Open, which begins next week.

  • Djokovic said he is honored to be a UNICEF goodwill ambassador "and to continue to help defend and uphold children's rights."

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