Current Affairs Aug 16, 2015

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1.World’s Smallest insects found in Yercaud: When the entomologists laid insect traps in Yercaud in Tamil Nadu a few months ago, they did not expect that India would join the club of countries that are home to a unique insect. For, they were surprised to find the world’s smallest flying insect, a fairyfly that goes by the name Kikiki huna. Measuring a mere 0.16 mm, Kikiki huna is a multicellular organism that is smaller than single-celled organisms.

2.New global diamond standard hailed: The ISO Standard provides a series of definitions, which aim to provide further clarity for traders and to maintain consumer confidence in the diamond industry as a whole, a joint statement from the diamond exporters body said.

3."Start-up India, Stand up India" should be our mantra: Prime Minister Narendra Modi announced the ‘Start – Up India’ initiative to create a web of entrepreneurs and help the country become home to the largest number of startups in the world. “Start up India! Stand up India,” he said, urging banks to encourage dalit and women entrepreneurs.

4.Taj Mahal becomes first historical monument to have its very own Twitter account: The Uttar Pradesh Tourism said the official Twitter handle of the world's most loved monument, located in Agra is “#MyTajMemory” . The page claimed there were two types of people: "Those who have visited me and follow me here and those who haven't seen me and yet follow me here."

5.Top executives picked from 2 Private Sector Banks shun fat pay: PS Jayakumar and Rakesh
Sharma — the two private sector executives who have been selected to lead state-run banks — have turned down the government's offer for a "flexible" pay package and would instead work at government scales, which is expected to result in pay cuts for them.

6.Kerala becomes India's first complete digital state: Declaration of Kerala as a 'complete digital state' and announcement of a new youth programme in memory of former President, the late A P J Abdul Kalam marked Independence Day celebrations in Kerala state.