VISION

Hey Aspirants, its the latest for free of Employment Weekly Magazine. You can check latest job recruitment at various office/board. You can check upcoming vacancies and for this week/month. To download this employment magazine click on the link given below.

Click Here to download Employment News 24 August to 30 August 2019 – Download pdf
Click Here to Like our Facebook page for latest updates and free ebooks

Daily Current Affairs, 24th August 2019

vision ias current affairs

VisionIAS 17:59

1) Former finance minister Arun Jaitley passes away

•Former Union finance minister and senior BJP leader Arun Jaitley passed away. He was a lawyer by profession. He held the portfolios of Finance Ministry, Corporate Affairs Ministry, Defence Ministry, and Minister of Information and Broadcasting.

2) Narendra Modi launches RuPay card in UAE

•Prime Minister of India Narendra Modi has launched the RuPay card, making the UAE the first country in the Middle East to initiate the Indian indigenous system of electronic payment. RuPay card scheme was launched in 2012 to fulfill the Reserve Bank of India’s vision to have a domestic, open and multilateral system of payments.

•RuPay facilitates electronic payment at all Indian banks and financial institutions. India has already launched the RuPay card in Singapore and Bhutan.

3) Minority Affairs Ministry Mukhtar Abbas Naqvi to inaugurate “Hunar Haat”

•Union Minority Affairs Minister Mukhtar Abbas Naqvi and Chief Minister of Rajasthan Ashok Gehlot will inaugurate this “Hunar Haat” at Jawahar Kala Kendra in Jaipur.

•“Hunar Haat” has proved to be an effective programme to provide employment and employment opportunities to master artisans. More than 2 lakh 40 thousand master artisans, craftsmen and culinary experts have been provided employment and employment opportunities.

4) Textiles minister Smriti Irani launches sustainable fashion project “SU.RE”

•The Union Minister for Textiles Smriti Zubin Irani has inaugurated Project SU.RE(Sustainable Resolution). This is a joint project of CMAI(Clothing Manufacturers Association of India)& IMG Reliance(International Management Group, during Lakme Fashion Winter/Festive 2019 in Mumbai, Maharashtra. The aim of this initiative is to move towards sustainable fashion that contributes to a clean environment.

5) PM Modi launches redevelopment project of the Sri Krishna temple in Bahrain

•Prime Minister Narendra Modi has launched redevelopment project of the 200-year-old Sri Krishna temple in Manama, Bahrain. The $4.2 million redevelopment project will be on a piece of land measuring 16,500 square feet. The new 4-floor structure covering will cover 45,000 square feet, will have an overall height of 30 meters.

6) Ocean energy gets renewable energy status

•The Ministry of New and Renewable Energy has declared Ocean Energy as renewable energy status. It has clarified to all stakeholders that energy produced using various forms of ocean energy such as tidal, wave and ocean thermal energy conversion and shall be eligible for meeting the non-solar Renewable Purchase Obligations (RPO).

7) PV Sindhu becomes first Indian to win World Championships gold

•Ace Indian shuttler PV Sindhu has won the World Championships title defeating Japan’s Nozomi Okuhara in the final at Basel, Switzerland. Sindhu defeated her Japanese opponent Nozomi Okuhara to 21-7, 21-7.

•This was Sindhu’s third straight World Championships final. With this victory, the 24-year-old shuttler has become the first Indian to book a gold medal at the World Championships.

The HINDU Notes – 24th August 2019

the hindu notes

VisionIAS 15:20

📰 China announces new tariffs on $75 bn worth U.S. imports

•China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington's planned duty hikes, further intensifying the bruising trade war between the world's top two economies.

•The punitive tariffs of 5 to 10 percent will apply to 5,078 items from the US, starting September 1 and December 15, China's state council tariff office said.

•Beijing also announced it will reimpose a 25 percent tariff on US autos and a 5 percent tariff on auto parts, also starting December 15. China had lifted those tariffs earlier this year as a goodwill measure while trade talks were underway.

•The escalating trade war is adding to growing fears of a possible recession in the US, with the tariffs weighing on global trade and both countries' growth.

•US President Donald Trump has imposed steep tariffs on $250 billion in Chinese goods, with a further $300 billion in imports targeted for new duties in two more rounds, September 1 and December 15.

•Meanwhile China has hit back with duties on around $110 billion of US goods -- or nearly all of the $120 billion worth of American goods it imported last year.

•Some of those goods will now have their tariff rates raised even further.

•China's commerce ministry said it will hit American frozen lobster, frozen chicken feet, peanut butter and 914 other goods with new 10 percent punitive tariffs starting September 1.

•Soybeans, crude oil and other energy goods face 5 percent tariffs.

•The US actions "have led to the continuous escalation of China-US economic and trade frictions, violating the consensus reached by the two heads of state in Argentina and the consensus reached in Osaka," China's State Council Tariff Commission Office said in a statement.

•"China's adoption of punitive tariff measures is forced under the pressure of US unilateralism and trade protectionism," the office said.

•US-made mango juice, electric buses and chemical products face 10 percent duties XX come mid-December while smaller aircraft, hand pumps and bearings will be hit with 5 percent taxes.

- 'The chosen one' -

•Wall Street stocks opened lower Friday after Beijing's announcement.

•Also on Friday Federal Reserve Chair Jerome Powell warned that trade tensions were exacerbating the global slowdown and the Fed didn't have a "rulebook" for dealing with the fallout.

•Those comments came after Trump proclaimed himself "the Chosen One" Wednesday as he defended his trade war against China, indicating that it was his destiny to take on Beijing.

•An alarm bell went off in the US Treasury bond market last week when 10-year bond yields briefly fell below the yields offered on a two-year bond -- the inverse of what normally happens.

•US officials have said in recent days that trade talks with China will continue face-to-face next month.

•However China's commerce ministry spokesman Gao Feng said Thursday he had no information on the next round of meetings, while noting the two sides remain in contact.

•The two economic giants are squaring off in an increasing number of areas with officials and spokespeople taking daily shots at each other over trade, territorial disputes in the South China Sea, protests in Hong Kong and US actions against Chinese tech giant Huawei.