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Wednesday, May 23, 2018

DAILY CURRENT AFFAIRS: 14 MAY 2018


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

1.      UNDP TO SET UP SKILL DEVELOPMENT CENTRE IN HYDERABAD
i. United Nations Development Programme  has announced to set up a skill development centre at 'Bharosa,' an integrated support centre for distressed women and children in Hyderabad.
ii. 'Bharosa,' an initiative of Hyderabad City Police, is a state-of-the-art centre to support women and children who are victims of violence.

2.      PAR PANEL TO LOOK INTO BLACK MONEY RECOVERY, PERFORMANCE OF PSBS
i. A parliamentary panel headed by veteran BJP leader Murali Manohar Joshi decided to study the recovery of black money and performance of public sector banks  among a host of subjects.
ii. The panel will look into the import of uranium for nuclear plants, mining activities and environment, upgrading of India Post offices and the drought situation in the country among other matters.

3.      INDIA, NEPAL AGREE TO EXPAND THEIR PARTNERSHIP FOR SOCIO-ECONOMIC DEVELOPMENT
i. India and Nepal have agreed to expand their partnership for socio-economic development on the basis of principles of equality, trust, respect and mutual benefit.
ii. PM  Modi and his Nepalese counterpart KP Sharma Oli emphasized the need for the regular convening of bilateral mechanisms to review the overall state of bilateral relations.

4.      FITCH PREDICTS 7.3% GROWTH RATE OF INDIA IN 2018-19
i. Credit rating agency Fitch has stated that India's economic growth will accelerate to 7.3% in the current financial year (2018-19) and 7.5% in the next fiscal (2019-20).
ii. Fitch stated the growth rate will accelerate as money supply has recovered to its pre-demonetisation level and disruptions related to the rollout of GST have diminished.

5.      INDIA, LARGEST REMITTANCE-RECEIVING COUNTRY IN WORLD
i. India has become the largest remittance-receiving country in the world, with migrant workers from the country sending home 69 billion US dollars in 2017.

ii. India with 69 billion Dollars, China with 64 billion Dollars and the Philippines with 33 billion Dollars are the three largest remittance-receiving countries in the world in 2017.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. CREDIT RATING AGENCY FITCH HAS STATED THAT INDIA'S ECONOMIC GROWTH WILL ACCELERATE TO ________ IN THE CURRENT FINANCIAL YEAR (2018-19) AND ________ IN THE NEXT FISCAL (2019-20).
(a) 7.3%, 7.5%
(b) 7.2%, 7.5%
(c) 7.1%, 7.3%
(d) 7.5%, 7.8%
Q2. NAME THE COUNTRY THAT HAS BECOME THE LARGEST REMITTANCE-RECEIVING COUNTRY IN THE WORLD, WITH MIGRANT WORKERS FROM THE COUNTRY SENDING HOME 69 BILLION US DOLLARS IN 2017, ACCORDING TO THE REPORT ‘REMITSCOPE – REMITTANCE MARKETS AND OPPORTUNITIES – ASIA AND THE PACIFIC’.
(a) China
(b) India
(c) Philippines
(d) Singapore
Q3. A PARLIAMENTARY PANEL HAS DECIDED TO STUDY THE RECOVERY OF BLACK MONEY AND PERFORMANCE OF PUBLIC SECTOR BANKS (PSBS) AMONG A HOST OF SUBJECTS. THE PANEL IS HEADED BY _____________.
(a) L K Adwani
(b) Narendra Modi
(c) Yashwant Sinha
(d) Murali Manohar Joshi

ANSWERS:
1-a      2-b      3-d

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