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Wednesday, February 21, 2018

DAILY CURRENT AFFAIRS: 16 FEB 2018

DAILY CURRENT AFFAIRS: 16 FEB 2018
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA’S BIGGEST GLOBAL PHARMA CONFERENCE BEGINS IN BENGALURU
i. India’s biggest Global Conference on Pharma Industry and Medical Devices began in Bengaluru With the theme, ‘Driving NextGen Pharmaceuticals. Union Minister for Chemicals & Fertilisers Ananth Kumar inaugurated the three-day event.
ii. The event is being organised by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilisers, along with Federation of Indian Chambers of Commerce & Industry.

2.      NITI AAYOG, KPIT TECHNOLOGIES TIE-UP TO PROMOTE INNOVATION IN SCHOOLS
i. KPIT technologies has made a two-year statement of intent with National Institution for Transforming India Aayog to promote innovative skills of students.
ii. This tie up between NITI Aayog and KPIT aims to improve the innovative skills of senior secondary students as part of the Atal Innovation Mission. Through AIM, the Central government would conduct open-ended workshops at Atal Tinkering Laboratories to enable students learn through ‘do-it-yourself’ mode. Through this the students would acquire important skills.
iii. This tie up will help students learn concepts of science, technology, engineering and mathematics through robotics, Internet of Things and 3D printing.
iv. KPIT will also provide two volumes of ‘Chhote scientists’ booklets to nearly 2500 schools to develop curriculum and teaching aids. Training programs for teachers will also be organized for Atal Tinkering Laboratories.

3.      INDIA’S AADHAAR AND UMANG APP WIN AWARD IN DUBAI
i. India’s Umang App was named winner of the Best M-Government Service award in the Accessible Government category while Aadhar won the best emerging technology award at the recently concluded World Government Summit 2018 in Dubai, where India had the status of ‘Guest of Honour’ country.
ii. The Summit acknowledged technology pioneers for providing global solutions to global challenges. The mobile application Umang App provides users a unified platform that combines government departments and services, facilitating transactions for citizens. The award acknowledged Government of India’s efforts to provide convenient services to its citizens.

4.      TRI-SERVICE MARITIME EXERCISE ‘PASCHIM LEHAR’ BEGINS
i. ‘Paschim Lehar’, a tri-service maritime exercise was held off India’s Western Coast from February 12, 2018. Objective behind conducting this exercise was to build interoperability among Indian Navy, Air Force and Army.
ii. Around 40 ships, submarines and fighter aircrafts from the Western Naval Command of the Indian Navy participated in ‘Paschim Lehar’. During the course of this exercise, number of weapons including missiles, guns and torpedo were fired.
iii. Besides, the exercise helped in validating and refining the operational plans of the Western Naval Command.

5.      YES BANK LISTS COUNTRY’S FIRST $600M MTN BOND ON INDIAINX
i. Private sector lender, Yes Bank has announced the listing of the Bank’s debut US $600 million bond issue under its maiden US $1 billion medium-term note bond on country’s first international exchange BSE’s IndiaINX at the International Financial Services Centre at GIFT City in Gandhinagar.
ii. The Yes Bank’s MTN programme— a debt note that matures or has a payback period of 5 years on Global Securities Market became the country’s first capital raising platform for international investors in any currency.

6.      PRESIDENT HOSTS LPG PANCHAYAT AT RASHTRAPATI BHAVAN
i. President Ram Nath Kovind  hosted the LPG Panchayat at Rashtrapati Bhavan, New Delhi. LPG Panchayat was organised by the Ministry of Petroleum and Natural Gas.
ii. LPG Panchayat serves as a platform for LPG consumers to interact with each other, share experiences and thereby promote mutual learning. Each LPG Panchayat is attended by about 100 LPG customers residing in area near to the venue.
iii. Ministry of Petroleum and Natural Gas will be conducting at least 1 lakh LPG Panchayats across India before March 31, 2019.

7.      ETHIOPIA'S PRIME MINISTER RESIGNS TO SMOOTH PATH FOR POLITICAL REFORM
i. Ethiopia's PM Hailemariam Desalegn suddenly resigned in what he described as a bid to smooth reforms, following years of violent unrest that threatened the ruling party's hold on Africa's second most populous nation.
ii. The resignation has unprecedented in Ethiopia's history - followed a wave of strikes this week in towns near the capital and demonstrations successfully demanding the release of more opposition leaders.

8.      PRESIDENT KOVIND INAUGURATES INTERNATIONAL CONFERENCE ‘AGRICON 2018’ IN KANPUR
i. President of India, Ram Nath Kovind, inaugurated the international conference ‘Agricon 2018’ and ‘Agriexpo 2018’ at Chandrashekhar Azad University of Agriculture & Technology, Kanpur, Uttar Pradesh.
ii. Uttar Pradesh Governor Ram Naik and Uttar Pradesh Agriculture Minister Surya Pratap Shahi were also present at the inauguration ceremony.
iii. The conference has been organised under the joint auspices of The Society of Agricultural Professionals, Kanpur and Chandra Shekhar Azad University of Agriculture & Technology, Kanpur.
iv. Organisations like National Institute of Agricultural Sciences (referred to as NAAS) and Indian Council of Agricultural Research are partnering in this conference. During this four-day event, discussions will be held on various themes including Sustainable Farming Systems, Conservation and Utilisation of Genetic Resources and Managing Change in Agriculture.

9.      CYRIL RAMAPHOSA SWORN IN AS NEW PRESIDENT OF SOUTH AFRICA
i. Cyril Ramaphosa, head of the ruling African National Congress has been sworn in as South Africa's new President. He was elected as the new president of South Africa by the ruling party politicians after the resignation of Jacob Zuma.
ii. The country's 400-member parliament, dominated by the ruling African National Congress Party, elected Ramaphosa to finish his predecessor's term, which ends with elections in 2019. The ANC has finished first in every national vote since the end of white-minority rule in 1994.

10.  HARUHIKO KURODA REAPPOINTED AS BANK OF JAPAN CHIEF
i. Japan's government has reappointed Bank of Japan Governor Haruhiko Kuroda for another term and chose an advocate of bolder monetary easing as one of his deputies, a sign the central bank will be in no rush to dial back its massive stimulus program.
ii. The government also submitted to parliament its nomination of Masazumi Wakatabe, a professor at Waseda University and an advocate of aggressive monetary easing, as deputy governor.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS
Q1.
Q2.
Q3.
Q4.
Q5.
Ans:  1 - C     2 - D     3 - C     4 - A     5 - B


DAILY CURRENT AFFAIRS: 15 FEB 2018

DAILY CURRENT AFFAIRS: 15 FEB 2018
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA'S FIRST RADIO FESTIVAL BEING HELD IN DELHI
i. India's 1st radio festival is being held in New Delhi to mark World Radio Day. The festival is being organized by International Association of Women in Radio and Television, in collaboration with UNESCO.
ii. The festival includes live performances, an exhibition, and slotted panel discussions. Apart from touching on the theme for World Radio Day 2018 - radio and sports - the festival is also examining the potential of the medium as a platform for social change, ways to make it more creative and will trace the journey of music on the radio.

2.      INDIAN, CHINESE ARMIES CELEBRATE CHINESE SPRING FESTIVAL IN LADAKH
i. On the occasion of Chinese spring festival, Indian and Chinese armies held a Border Personnel Meeting in Chushul sector of Ladakh region. The Border Personnel Meeting was held at Chinese BPM hut in Moldo garrison of the People’s Liberation Army in Chushul sector of eastern Ladakh.
ii. Indian delegation was led by Colonel Deependra Jasrotia and Chinese delegation was led by Senior Lieutenant Colonel Bu Hong Dong. The national flag of China was saluted by both the delegations. The Indian and Chinese delegation leaders presented their ceremonial addresses.

DAILY CURRENT AFFAIRS: 14 FEB 2018

DAILY CURRENT AFFAIRS: 14 FEB 2018
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA-RUSSIA AGRICULTURE BUSINESS SUMMIT HELD IN NEW DELHI
i. India-Russia Agriculture Business Summit 2018 was held in New Delhi. The two countries discussed trade relations in the agricultural sector. The summit was organized by the Ministry of Agriculture & Farmers Welfare.
ii. Gajender Singh Shekhawat, Union Minister of State for Agriculture and Sergey Beletskiy, Deputy Minister, Ministry of Agriculture, Russia addressed the India-Russia Agriculture Business Summit.

2.      GOVERNMENT OF INDIA MAKES AMENDMENTS IN SMALL SAVINGS ACT
i. In order to remove existing ambiguities due to multiple Acts and rules for Small Saving Schemes, the Government of India has proposed merger of Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873.
ii. With a single act, relevant provisions of the Government Savings Certificates Act, 1959 and the Public Provident Fund Act, 1968 would stand subsumed in the new amended Act without compromising on any of the functional provision of the existing Act.

3.      ALL VILLAGES TO BE LINKED BY ROADS BY 2019 UNDER ‘PRADHAN MANTRI GRAM SADAK YOJNA’
i. Union Minister of State for Rural Development, Ram Kripal Yadav has stated that Central Government is working towards connecting all villages through a road network by next year as part of the ‘Pradhan Mantri Gram Sadak Yojna’. Plan to link all villages by roads by 2019:
ii. ‘Pradhan Mantri Gram Sadak Yojna’ is a centrally sponsored scheme launched in December 2000.
iii. Ultimate goal of this scheme is to provide all-weather road connectivity to unconnected villages all over India.

4.      RADIO UMANG: INDIA'S 1ST ONLINE RADIO STATION LAUNCHED
i. India's 1st Online Radio Station 'Radio Umang' was launched recently in India. Listeners can tune in to this online radio station through web streaming or download the app.
ii. With 24 hours programming, it has found listeners in Hindi speaking regions of India and in over 60 countries worldwide.

5.      WEST BENGAL BECOMES FIRST STATE TO OPT OUT OF ‘MODICARE’
i. Claiming that the Bengal government had already enrolled 50 lakh people under its own Swasthya Sathi programme, Chief Minister Mamata Banerjee has announced the decision to opt out of Centre’s ‘Modicare’ scheme.
ii. This makes West Bengal the first state to withdraw from the ambitious programme. Union Finance Minister Arun Jaitley had announced the NHPS on February 1, making it the biggest global plan to provide quality health cover to a population larger than the combined citizenry of the US, UK, Germany and France.

6.      DAC APPROVES PROPOSALS WORTH RS. 15,935 CR
i. The defence ministry of India approved capital acquisition proposals worth Rs.15,935 cr which included the purchase of 7.40 lakh assault rifles, 5,719 sniper rifles and light machine guns to bolster the strength of the armed forces.
ii. The long-pending proposals were cleared at a meeting of the Defence Acquisition Council, the defence ministry's highest decision-making body on procurement. The meeting was chaired by Defence Minister Nirmala Sitharaman.
iii. For the Indian Navy, the DAC also approved the procurement of Advanced Torpedo Decoy Systems  at a cost of Rs. 850 cr.

7.      RBI ROLLS OUT NEW STRESSED ASSETS FRAMEWORK TO TACKLE BAD LOAN PROBLEM
i. The Reserve Bank of India scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
ii. The apex bank has also warned banks of monetary penalties and higher provisions if they are found to have violated the stringent new norms.

8.      RBI RELAXES PRIORITY SECTOR LENDING RULE FOR BANKS
i. Reserve Bank of India has made banks' priority sector norms lenient by saying that all loans to micro small and medium enterprises will henceforth qualify as priority sector lending. This was a long time demand from banks.
ii. Till date, loans up to Rs 10 cr per MSME borrower was considered for priority sector calculation. The sub-target for bank lending to the micro enterprises has been 7.50 percent of adjusted net bank credit or credit equivalent amount of off-balance sheet exposure, whichever is higher. Foreign banks will also have to follow 8% sub-target for lending to the small and marginal farmers.

9.      BANK OF BARODA TO EXIT SOUTH AFRICA BY MARCH-END
i. State-owned Bank of Baroda has decided to exit by March-end its South Africa operations after 21 years amid a probe into alleged compliance lapses by the bank there.
ii. The bank stated that it is exiting operations in South Africa as part of its strategic plan for rationalisation of overseas branches.

10.  CHANDRASHEKHARA KAMBARA ELECTED NEW PRESIDENT OF SAHITYA AKADEMI
i. Kannada litterateur Chandrashekar Kambar has been elected as president of the Sahitya Akademi in the election held for the post. He has replaced Vishwanath Prasad Tiwari. Hindi poet Madhav Koushik has been elected as vice-president.
ii. This is the second time election was held in the history of Sahitya Akademi, after Ananthamurthy’s election to the post.

11.  WORLD RADIO DAY- 13 FEBRUARY
i. World Radio Day is observed annually on 13 February.
ii. The theme for WRD 2018 is "Radio and Sports". The Day is organised globally by the UNESCO.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHICH BANK RECENTLY ISSUED REVISED GUIDELINES FOR EXPEDITIOUS RESOLUTION OF BAD LOANS?
a)  Reserve Bank of India
b)  State Bank of India
c)  Union Bank of India
d)  Central Bank of India
Q2. WHO HAS BEEN ELECTED AS THE NEW PRESIDENT OF SAHITYA AKADEMI?
a)  Afsar Ahmed
b)  Chandrashekhara Kambara
c)  Urmi Ghanshyam Desai
d)  Vyakaranna Baso Varsh
Q3. WHAT IS THE THEME OF THE 2018 WORLD RADIO DAY?
a)  Radio and World
b)  Radio is You
c)  Radio and Sports
d)  Radio and Peace
Q4. WHICH OF THE FOLLOWING IS THE INDIA’S FIRST ONLINE RADIO STATION?
a)  Radio Aadhaar
b)  Radio Sansar
c)  Radio Teacap
 d)  Radio Umang

ANSWERS: 
1 - A    2 - B    3 - C    4 - D   


DAILY CURRENT AFFAIRS: 13 FEB 2018

DAILY CURRENT AFFAIRS: 13 FEB 2018
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      R.K. SINGH INAUGURATES INTERNATIONAL CONFERENCE ‘INDIAN POWER STATIONS 2018’ IN NEW DELHI
i. Union Minister of State (I/C) for Power and New and Renewable Energy, Shri R.K. Singh inaugurated the ‘Indian Power Stations 2018’ in New Delhi. It is the 3-day International Conference on Operations and Maintenance.
ii. The Minister exhorted the NTPC to become India’s power sector multinational by setting up power plants in other Nations and become world’s largest power producer.

2.      FIRST INTERNATIONAL SOLAR ALLIANCE SUMMIT TO BE HELD IN NEW DELHI
i. India is to host the first International Solar Alliance Summit on 11th March 2018, in Delhi. French President Emanuel Macron will participate in the First International Solar Alliance Summit.
ii. Leaders of African countries, Presidents of Bangladesh and Sri Lanka, leaders of South American countries and Pacific Islands are expected to attend the summit.
iii. Heads of World Bank, Asian Development Bank, BRICS Bank and European Investment Bank are also expected to participate in the summit. The International Solar Alliance is a treaty based inter-governmental alliance. It comprises of 121 solar energy abundant nations located between the Tropic of Cancer and Tropic of Capricorn.
iv. The aim of ISA is to make solar energy affordable, develop solar grids and solar credit mechanism.

DAILY CURRENT AFFAIRS: 12 FEB 2018

DAILY CURRENT AFFAIRS: 12 FEB 2018
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      NITIN GADKARI RELEASES INDIA’S 1ST EVER HIGHWAY CAPACITY MANUAL
i. The Minister of Road Transport & Highways Mr Nitin Gadkari released India’s first ever Highway Capacity Manual in New Delhi.
ii. The manual is also known as Indo-HCM and it has been developed by CSIR – CRRI on the basis of an extensive, country-wide study of the traffic characteristics on different categories of roads like a single lane, two-lane, multi-lane urban roads, and the associated intersections on these roads.

2.      RAJNATH SINGH INAUGURATES FIRST OF ITS KIND SPOKEN SANSKRIT CENTRE
i. Union Home Minister Rajnath Singh has launched the Centre for learning Sanskrit language in Gujarat University, Ahmedabad.
ii. The centre will offer a six-month course for people on how to speak the language. The coordinator of the course, Atul Unagar stated it was possibly the first such course launched in India.

DAILY CURRENT AFFAIRS: 11 FEB 2018

DAILY CURRENT AFFAIRS: 11 FEB 2018
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      PM MODI 3 NATION VISIT- INDIA, OMAN SIGN 8 MOUS
i. India and Oman have signed eight MoUs in different areas during PM Narendra Modi’s maiden visit to the Gulf nation. The fields in which the agreements were inked include defence, health and tourism.
ii. An MoU on legal and judicial co-operation in civil and commercial matters was also signed. The agreements were inked after Mr Modi held delegation-level talks with the Sultan of Oman, Qaboos bin Said al Said in Muscat.

2.      GOVERNMENT APPROVES CONSTRUCTION OF OVER 1.86 LAKH MORE HOUSES UNDER PMAY-URBAN
i. Central Government announced that it has approved the construction of over 1.86 lakh more houses for urban poor under the Pradhan Mantri Awas Yojana (Urban) scheme. With this approval, total number of affordable houses sanctioned under this scheme has reached 39.25 lakhs.
ii. Construction of these 1.86 lakh affordable houses entails a total investment of Rs 11169 cr, in which, Rs 2797 cr will come as central assistance.
iii. In this latest round of approval, Haryana has been sanctioned the maximum number of houses (53290 houses). Haryana is followed by Tamil Nadu (40623 houses) and Karnataka (32656 houses).

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