Current Affairs India - 24 August 2015

1. Stock markets around the world crashed today after steep Chinese market selloff triggered panic button and investors rushed to sell their stocks. Sensex sank by 1625 points to close at 25,742 at the end of trading day which is the biggest fall in history while Nifty crashed 491 points. All the other key markets were down by more than 5% while Chinese market crashed 8.5% leading the market fall. Also Indian rupee weakened as much as 82 paise to close at fresh two-year low of Rs 66.65 per USD.

Finance Minister Arun Jaitley and RBI governor Raghuram Rajam have attributed the stock market crash to global turbulence saying that the government and RBI are watching the situation closely. Reserve Bank of India (RBI) governor Raghuram Rajan said that India has sufficient foreign exchange reserves to prevent volatility in the currency market.

2. Famous actor-director Amol Palekar has been appointed as chairman of India-s Oscar jury, which will select the country-s official entry in the best foreign film category for the 88th Academy Awards. He will be heading the 17-member jury.