Current Affairs Aug 13, 2015

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1. Yuan devalued twice in 2 days: The rupee fell to a near two-year low of 64.94 against the dollar on12th August with China devaluing its currency yet again by almost 2% in a bid to boost exports and pump up its economy.

2. Vice-premier of N Korea Executed: North Korea's vice premier Choe Yong-Gon has been executed for voicing frustration at the policies of leader Kim long-Un.

3. Japan restarts first nuclear power plant after 2011 Fukushima disaster: Japan’s has restarted its nuclear programme by bringing alive the nuclear power plant for the first time after the 2011 —Fukushima disaster.

4. Government increases import duty on steel: Consequent to the devaluation of the Chinese Yuan, the Government of India has increased customs duty by 2.5% on steel products. This is to ensure that steel products from China are not dumped in India.

5. Tirupur mills to install ‘internet of things’: Thousands of energy readers will silently start to hum in spinning mills in one of the country's largest textile hubs, Tirupur, in a project to leverage the ‘Internet of Things’ concept to see if power consumed can be cut through real-time monitoring and analytics.

6. Google leases 4,30,000 sq ft office space in Gurgaon: Google has leased 4,30,000 sq ft of office space from real estate developer Unitech in the second phase of its Signature Towers II project in Gurgaon.