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Sunday, October 14, 2018

DAILY CURRENT AFFAIRS: 9 OCT 2018


                                            DAILY CURRENT AFFAIRS: 9 OCT 2018
(DAILY NEWS INDIA)
                                     SHARED BY: WWW.DAILYGK.IN

1.      JIMEX 18’: 3RD EDITION OF INDIA-JAPAN BILATERAL MARITIME EXERCISE BEGAN AT VISAKHAPATNAM
i. ‘JIMEX 18’: 3rd edition of India-Japan bilateral maritime exercise began at Visakhapatnami.
ii. JIMEX-18 is aimed to enhance interoperability, improve understanding and imbibe the best practices of each other.
iii. The last edition of JIMEX was conducted in Dec 2013 off Chennai.

2.      TASK FORCE LAUNCHED TO ADDRESS SKILL GAPS IN INDIA: MOSD&E AND WORLD ECONOMIC FORUM
i. A  task force was constituted by the Union ministry of skill development and entrepreneurship in collaboration with World Economic Forum for addressing the skill gap in the country.
ii. This task force is called: Closing the Skills Gap Task Force in India .
This is the second country-led public-private collaboration of the World Economic Forum’s Closing the Skills Gap Project after South Africa.
iii. The task force would bring together various leaders from different sectors like business, government, education and Working on promoting education and training systems in the country.

3.      “QUINTERO ONE”: WORLD’S FIRST FULL-SCALE HYPERLOOP PASSENGER CAPSULE UNVEILED
i. US-based Hyperloop Transportation Technologies or HyperloopTT launched the first full-scale transportation capsule which will be operational in 2019.
ii. The name of the capsule is: “Quintero One”.
It was constructed completely out of a specially made dual-layer smart composite material called  “Vibranium” made by HyperloopTT.
iii. It can move at speeds of more than 750 miles (1,200 kilometers) per hour and has a capacity to hold 30 to 40 passengers at a time.
iv. Andhra Pradesh signed Mou with HyperloopTT o set up the Hyperloop transportation system connecting Anantapur, Amaravati, Vijayawada and Visakhapatnam.


4.      RBI PROPOSED VOLUNTARY RETENTION ROUTE TO ATTRACT LONG-TERM INVESTMENT FROM FPIS
i. RBI in consultation with the government and the Securities and Exchange Board of India , proposed a flexible route for FPIs to invest in debt markets.
ii. The route is called: voluntary retention route.
iii. Under this, a foreign portfolio investor will be required to invest a minimum of 67% of the committed portfolio size within the one-month period.
iv. Under VRR-Govt, foreign portfolio investors will be eligible to invest in any government security, including treasury bills.

5.      UNCTAD EXPECTS INDIA’S GDP TO RISE 7% IN 2018
i. UNCTAD in its ‘Trade and Development 2017’ report predicted India’s GDP to grow to 7% in 2018.
ii. India is currently among the world’s fastest growing economies with GDP growth of 7.7 per cent year on-year in the first quarter of 2018.
iii. Reason for the growth is growing demand for exports which has led to a moderate recovery in industrial production,
iv. UNCTAD:-
Full Form: United Nations Conference on Trade and Development,Headquarters: Geneva,
Switzerland. Secretary- General: Mukhisa Kituyi.

6.     INDIA’S GROWTH PROJECTION IS 7.3 PER CENT IN THE 2018-19 FISCAL AND 7.5 PER CENT IN 2019 & 2020: WB
i. World Bank stated that India’s GDP growth is expected to touch 7.3% in 2018-19.
 ii. India’s GDP projection for 2019 & 2020 has been projected to 7.5%.
iii. Growth reached 6.7 per cent in fiscal year 2017/18.

7.      INDIA DEFEATS SRI LANKA BY 144 RUNS TO LIFT U-19 ASIA CUP TITLE
i. India won the under-19 asia cup, at the sher-e-bangla national cricket stadium in dhaka, Bangladesh.
ii. India defeated Sri Lanka by 144 runs in the final and won the U-19 Asia Cup for the 6th time.

8.      INDIAN AIR FORCE  CELEBRATES 86TH ANNIVERSARY – OCTOBER 8
i. The Indian Air Force  celebrated its 86th anniversary commemorating its official foundation day.
ii. Indian Air Force Day is celebrated to mark the official establishment of Indian Air Force in 1932.

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