DAILY CURRENT AFFAIRS: 20 OCT 2018

DAILY CURRENT AFFAIRS: 20 OCT 2018

(DAILY NEWS INDIA)

                                    SHARED BY: WWW.DAILYGK.IN

1.      CANADA BECOMES 2ND COUNTRY TO LEGALIZE RECREATIONAL CANNABIS

i. Canada became the second country after Uruguay to legalise possession and use of recreational cannabis.

ii. Canadians can grow up to 4 plants in their own home and carry up to 30 grams of dried cannabis for personal use.

 iii. Canada has become the second and largest country with a legal national cannabis marketplace.

2.      INDIA IMPOSES ANTI-DUMPING DUTY ON CERTAIN STEEL PRODUCTS FROM CHINA

i. India has imposed anti-dumping duties of up to 185.51 US dollars per tonne for 5 years on some varieties of Chinese steel to protect domestic players from cheap imports from China.

ii. The revenue department has imposed the duty based on the recommendations of the Directorate General of Trade Remedies .

 iii. The goods have been exported to India from China below normal value and the domestic industry has been affected due to this.

3.      KERALA THE FIRST SMOKE-FREE STATE; TO HAVE 100% LPG

i. Kerala became the first state in the country to have 100% penetration of LPG in public sector oil companies.

ii. Its main objective is to make the state smoke-free.

iii. The Indian Oil is also prepared to provide with new generation fuels like CNG and other green fuels.

4.      INDIA’S 1ST CRYPTOCURRENCY ATM INSTALLED IN BENGALURU: UNOCOIN

i. Virtual currency exchange Unocoin set up a first of its kind kiosk — Bitcoin ATM at Kemp Fort mall in Bengaluru.

ii. According to Unocoin, users can withdraw Indian rupee obtained on selling the cryptocurrencies on its platform.

5.      IRDAI PANEL HEADED BY S. MATHUR TO STUDY FEASIBILITY OF PAYING CLAIMS IN INSTALMENTS

i. The Insurance Regulatory and Development Authority of India  formed a panel to examine claims in installments.

ii. This panel is headed by Suresh Mathur, ED (Health), IRDAI.

 iii. This will look in to the feasibility of the proposal of general and health insurance companies for payment of claims in installments as against lump sum payments.

6.      ARSHDEEP SINGH WINS 2018 YOUNG WILDLIFE PHOTOGRAPHER OF THE YEAR (ASIA) AWARD

i. Arshdeep Singh won the 2018 Young Wildlife Photographer of the Year (Asia) Award for his photograph ‘Pipe Owls’, at the Natural History Museum, London.

ii. He hails from Jalandhar, Punjab.

7.      CANELO ALVAREZ SIGNS RICHEST CONTRACT IN SPORTS HISTORY, WORTH $365 MILLION

i. Mexican boxer Canelo Alvarez has signed the richest contract in the history of sports.

ii. It is a deal worth $365 million (over Rs 2,680 crore) with streaming service DAZN  to participate in 11 fights, from December 15, 2018.