DAILY CURRENT
AFFAIRS: 12 OCT 2018
(DAILY NEWS INDIA)
SHARED
BY: WWW.DAILYGK.IN
1.
GOVERNMENT CUTS EXCISE DUTY ON JET FUEL TO 11 % FROM CURRENT 14
%
i. The
government reduced excise duty on jet fuel to 11 % from current 14 % inorder to
help the aviation industry that has been affected badly by high fuel prices.
ii. The
Revenue Department of the Finance Ministry has notified that the excise duty on
aviation turbine fuel change will come
to effect from 12th October 2018.
2.
FIRST INDIA-ISRAEL INNOVATION CENTRE OPENS IN BENGALURU
i. India’s
first India-Israel Innovation Centre an
entrepreneurial technology hub, was launched in Bengaluru.
ii. It will help Israeli companies enter India. It
will enable local partnerships and joint ventures between companies from India
and Israel.
iii. It will
create an ecosystem to support entrepreneurship, partnership with vendors,
mentoring and non-formal community development and covers business, technology,
investors and customers.
3.
DELHI, MOSCOW SIGN TWIN-CITY AGREEMENT
i. Delhi
government signed a twin-city agreement with the government of Moscow for
cooperation in various fields like environment, culture and education, for the
next 3 years.
ii. The two
governments have mutually agreed to extend help in environmental protection and air
pollution control, cultural and tourism, healthcare, education, sports,
transport management and e-governance.
4.
PRESIDENT RAM NATH KOVIND’S 3-DAY VISIT TO TAJIKISTAN
i. President
Ram Nath Kovind was welcomed at a reception named “Friends of India in
Tajikistan” in Dushanbe, Tajikistan.
ii. The
President of India announced allocation of a grant of USD 20 Million to
Tajikistan for implementation of development projects of Tajikistan.
iii. President
Ram Nath Kovind delivered lecture on the theme of ‘Countering Radicalisation:
Challenges in Modern Societies’ at the University of Tajikistan in Dushanbe.
5.
JAPAN NOW HOLDS THE WORLD’S MOST POWERFUL PASSPORT
i. Japan
surpassed Singapore to have the most powerful passport.
ii. Japan
passport holders now enjoy visa-free access to 190 destinations, compared with
Singapore’s 189.
iii. Iraq
and Afghanistan are at the bottom (No. 106) with just 30 destinations.
India is at 81st place with 60 country
accesses.
6.
RBI INJECTED RS 12,000 CRORE INTO SYSTEM ON OCT 11 TO MANAGE
LIQUIDITY
i. Reserve
Bank announced injection of liquidity worth Rs 12,000 crore into the system
through purchase of government bonds
under Open Market Operations.
ii. The
government will purchase bonds with maturity ranging between 2020 to 2030.
iii. OMOs
are the tools which can be used to either inject or drain liquidity from the
system.
iv. If there
is excess liquidity, the RBI resorts to sale of securities and sucks out the
rupee liquidity.
v. when the
liquidity conditions are tight, it buys securities from the market, thereby
releasing money into the market.
7.
TUSHAR MEHTA APPOINTED AS THE NEW SOLICITOR GENERAL OF INDIA
i. Additional
Solicitor General Tushar Mehta was
appointed as the Solicitor General of India by the central government.
ii. Solicitor
General is a legal officer who represents a state or central government in
legal proceedings.
8.
WORLD OBESITY DAY – OCTOBER 11
i. World Obesity Day was observed throughout
the world on 11th October
ii. This day
aims to create awareness about the increasing obesity issues and the diseases
related to it.
iii. It also
aims to support practical solutions for people to achieve a healthy weight and
measures to sustain it.
iv. The
theme of World Obesity Day focuses on weight stigma.
