Top 10 Current Affairs 14 August 2013

1. In one of the worst disasters to have struck the Indian Navy, a series of explosions rocked its submarine INS Sindhurakshak at the dockyard in Mumbai around midnight, sinking it partially in the shallow sea, in which 18 personnel including three officers are feared killed.

2. Rising for the second consecutive month, inflation shot up to 5.79 percent in July, driven largely by double digit rise in prices of food articles, mainly vegetables, including onion.

3. The Asian Development Bank (ADB) and the Centre signed an agreement for US $300 million additional loan to upgrade 254 kilometres of deteriorated highways in northern and southern Bihar.

4. In Punjab, fearing trouble from some anti-social elements, Stri Shakti, an NGO providing mid-day meal in six districts has decided to wind up their operations.

5. India’s Vikas Gowda settled for a seventh-place finish with a moderate throw in the 14th IAAF World Athletics Championships in Moscow on Tuesday.

6. “Bharat ki kahani” (India’s story) detailing UPA’s nine years of governance was launched here Wednesday by Information and Broadcasting Minister Manish Tewari.

7. Egypt declared a month-long state of emergency Wednesday as violence raged across the country following a crackdown on supporters of ousted president Mohamed Morsi.

8. The Reserve Bank of India said on Wednesday banks can exempt some foreign currency non-resident bank (FCNRB) deposits and non-resident external (NRE) rupee deposits when calculating their cash reserve and statutory liquidity ratios.

9. Ahead of India’s Independence Day celebrations this week, internet giant Google announced launching of ‘Google Impact Challenge in India’, inviting Indian nonprofits to explain how they would use technology to improve people’s lives.

10. The longest-ever recession to afflict the eurozone came to an end in the second quarter of the year, official figures confirmed on Wednesday. 17 European Union countries see their collective economic output grow by 0.3% in the April to June period, the first quarterly growth since the eurozone slipped into recession in the last three months of 2011.