Current Affairs – August, 2014

Latest Current Affairs August, 2014 with Current Affairs, news summary on current events of National and International importance of August, 2014 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

Russia-Ukraine move closer to Point-of-no-Return

The situation on ground has taken worse spirals and is on the brink of blowing out of proportions. There is an increased presence of Russian troops on Ukrainian soils which has scaled up the tensions in the region. EU is all geared up to impose the next and severe round of sanctions on Russia which is using disproportionate force in its new venture.
This also comes after a new message by Putin in which he has asked his critics to not to mess with the one of the strongest nuclear powers of the world. Russia has constantly opposed any Russian support to the rebels across the Ukrainian border. Russia has constantly remained defiant inspite the tough stand taken by EU and NATO after the pictures of Russian tanks and military were exposed by Ukraine. Ukrainian President has expressed gravest concern for the safety of Ukrainian citizens and has asked the EU to act fast and take recognizable steps which will stop Russia from any further aggression.
US and Germany are reportedly moving towards tougher sanctions on Russia even though economic sanctions have been slapped on many prominent Russian citizens and businesses. The latter also include sanctions against certain sections of Russian economy. Further sanctions will mean crippling the Russian economic framework even more thereby compelling it to come to the sitting table and stop its aggressive agenda against peaceful territories.
Embarking on a defensive approach, Ukrainian military has taken control of the eastern borders of the city of Mariupol, has fortified it covering all checkpoints and digging trenches. The conflict which started in March following Russian invasion of Crimea has known no end and there is no near end in sight too.

Modi in Japan: New beginnings expected!

Modi has a close relation with Japan which he has developed over the years . PM has been careful and thoughtful enough to give special attention to details keeping his words of maintaining significant ties with Tokyo. The PMs will nurture strong civilizational links between the cultures before embarking on the strategic agenda. Both sides know and acknowledge the importance of this partnership amidst the changing political and economic dimensions in Asia. The emerging threats faced by both the nations can be strongly tackled together as they both seek bigger roles for India and Japan in future world order. PM Abe has shown special courtesies to the guest PM by specially flying from Tokyo to Kyoto to receive him and hosting a private dinner in his grace. This is seen to be done to overcome the disappointment expressed by Tokyo when Modi had cancelled his visit to the island nation. Both the PMs are making all efforts to renew the historic Buddhist bonds shared by the nations. PM Modi presented his Japanese counterpart a special book entitled “Swami Vivekananda and Japan” and a copy of “Bhagwad Gita”.

The Future agenda:

• Both the nations are grappling with deep national security bureaucracies and thus need to carve out and lay the foundations of a robust nuclear partnership which will stay the test of time.
• The economic frontier is more skewed towards Indian side as PM Modi has to present a strong case to seek maximum Japanese participation to boost the development of the nation. This will involve high-speed trains and tracks, sophisticated infrastructure, smart cities and the mammoth task of cleaning the River Ganga.
• A sister partnership for modernization and development of smart cities in India.
• As Modi is highly popular and has come to power with a huge mandate, PM Abe has also proved his mettle by turning around the Japanese economy from the dungeons of recession. So the expectations double as both the heads meet who enjoy massive support base at home.

Present Political trends and winds:

• Japanese stature in the Asian continent has been quite high especially after the military alliance with US. This has however been considerably undermined due to the rise of Chinese military prowess and the flaring up of South China Sea dispute. Tokyo is now trying to secure its position in the region by pushing more security alignments. It has developed stronger ties wth Philippines, Vietnam, Indonesia, Australia and India. China has taken serious view of the new aggressive policies of Abe and has accused Japan of trying to turn the post-War order in Asia, detrimental to its interests. Rise of Modi in India is also being seen in positive light as the foreign nations expect responsible decisions from him which will help foster regional balances and ties. Individually both Japan and China have contributed tremendously in the regional growth on all fronts. Modi has to keep a neutral stance which has been India’s strongest weapon in times of the 2 deadly wars which had ripped the world apart.

Varanasi-Kyoto Heritage Pact signed:

In a first major breakthrough, PM Modi and Shinzo Abe the cultural agreement to develop and modernize Varanasi on the lines of Kyoto has been signed over the weekend, as per the agenda. Kyoto exactly defines the type of world-class city which Mr.Modi wants to replicate in Varanasi. The pact will spread on cooperation on various peripherals like heritage conservation, modernization and cultural maintenance.