Thursday, August 28, 2014
Today's Current Affairs 28 Aug 14
1. Prime Minister launches 'Pradhan Mantri Jan Dhan Yojana
i. The 'Pradhan Mantri Jan Dhan Yojana', an ambitious financial inclusion scheme under which the government intends to provide every household with a bank account and insurance cover, was launched by Prime Minister Narendra Modi on Thursday.
ii. The scheme, about which Modi made the announcement in his Independence Day speech, was launched across the country simultaneously amid his emphasis that it lies at the core of "our development philosophy of 'Sabka Sath Sabka Vikas'".
iii. '1.5 crore bank accounts will be opened on first day of Jan Dhan Yojana'
iv. Jan Dhan Yojana, a dream project to open at least one bank account to every household.
v. Noting that 10 crore people do not have bank account, the Finance Minister aims to cover 7.5 crore people under Jan Dhan Yojana by January 25, 2015.
vi. As a first step, under the scheme, every account holder will get a 'RuPay' debit card with Rs 30,000 life insurance besides accidental insurance of up to Rs 1 lakh.
vii. The scheme will provide overdraft, debt card facility," she said. "Jan Dhan Yojana will provide accidental insurance cover,".
2. Erdogan to be sworn in as Turkey's new president
i. Turkey's outgoing Prime Minister Recep Tayyip Erdogan is to be sworn in as president on Thursday to extend his more than decade-long domination of the country.
ii. Erdogan was due to take his oath of office at 1100 GMT (1630 IST) in Ankara and usher in a new era for Turkey, where he is expected to push for a new constitution and seek to further transform the country with development projects.
iii. Taking over Erdogan's post of prime minister is Foreign Minister Ahmet Davutoglu, a long standing ally who is expected to do little to challenge the Turkish number one.
iii. Taking over Erdogan's post of prime minister is Foreign Minister Ahmet Davutoglu, a long standing ally who is expected to do little to challenge the Turkish number one.
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