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Monday, January 1, 2018

DAILY CURRENT AFFAIRS: 31 DEC 2017

DAILY CURRENT AFFAIRS: 31 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      NIRMALA SITHARAMAN LAUNCHES START-UP INCUBATION CENTRE IN MANGALORE
i. Nirmala Sitharaman has launched a start-up incubation centre called the Centre for Entrepreneurship Opportunities and Learning in Mangaluru, Karnataka.
ii. She has allocated Rs. 1.5 cr from her Member of Parliament's Local Area Development scheme for the development of CEOL. She represents Karnataka as an MP in the Rajya Sabha.

2.      BILATERAL MEETING BETWEEN EXTERNAL AFFAIRS MINISTER OF INDIA AND JORDAN HELD IN NEW DELHI
i. External Affairs Minister Sushma Swaraj and her Jordanian counterpart Ayman Al Safadi held a bilateral meeting in New Delhi and discussed deepening bilateral ties across multiple sectors.
ii. Mr Safadi discussed steps to set up a robust agenda for deepening and diversifying areas of cooperation in the fields of trade and investment, defence and security and people-to-people contact.

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DAILY CURRENT AFFAIRS: 30 DEC 2017

DAILY CURRENT AFFAIRS: 30 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA SIGNS LOAN AGREEMENT WITH WORLD BANK FOR UP TOURISM PROJECT
i. An agreement for IBRD Credit of USD 40 Million from World Bank for “U.P. Pro-Poor Tourism Development Project” was signed between India and the World Bank.
ii. The programme duration is 5 years. The Project Objective is to increase tourism-related benefits for local communities in targeted destinations. The major districts under attractions in Uttar Pradesh are Agra, Vrindavan, Mathura, Barsana and Govardhan in the Braj region.

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DAILY CURRENT AFFAIRS: 29 DEC 2017

DAILY CURRENT AFFAIRS: 29 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      PRESIDENT DEDICATED 4 PROJECTS TO ANDHRA PRADESH
i. The President of India, Ram Nath Kovind, dedicated to the people of Andhra Pradesh 4 projects of the State Government at a function held at Velagapudi, Andhra Pradesh.
ii. The Projects were Andhra Pradesh Fibregrid Project, Andhra Pradesh Surveillance Project, Drone Project; and Free Space Optical Communication system. The President focused on the 24/7 hyper-connected world and the online presence of the government.

2.      INDIA TO OVERTAKE UK, FRANCE TO BECOME 5TH-LARGEST ECONOMY IN 2018
i. India is set to leapfrog Britain and France in 2018 to become the world’s fifth-largest economy in dollar terms.
ii. The Centre for Economics and Business Research consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. India is currently in 7th place in the top world economies with $2 trillion.
iii. Top 3 Economies of the world according to the World Economic Forum are-
The USA ($18 trillion),
China ($11 trillion),
Japan ($4.4 trillion).

3.      PRESIDENT INAUGURATED 100TH INDIAN ECONOMIC ASSOCIATION CONFERENCE
i. President Ramnath Kovind inaugurated the 100th  Annual Conference of the Indian Economic Association at Acharya Nagarjuna University in Guntur of Andhra Pradesh. The event will be held for 4 days.
ii. Indian Economic Association is a registered body of Indian economic professionals with an objective of providing a forum for debate and discussion of policy-oriented issues.

4.      SBI GETS BOARD APPROVAL TO RAISE RS 8,000 CR TO COMPLY BASEL III
i. According to the country's largest lender, SBI, its board has approved raising Rs 8,000 cr through various sources, including masala bonds, to meet Basel III capital norms.
ii. Masala bonds are rupee denominated specialised debt instruments that can be floated in overseas markets only to raise capital. Banks in India have to comply with the global capital norms under Basel III by March 2019, 3 months later than the internationally agreed time frame by January 2019.

5.      AGRICULTURE MINISTER LAUNCHES LIVESTOCK DISEASE FOREWARNING MOBILE APP
i. Union Agriculture and Farmers’ Welfare Minister, Shri Radha Mohan Singh has launched Livestock Disease Forewarning –Mobile Application. The app is developed by ICAR-National Institute of Veterinary Epidemiology and Disease Informatics, Bengaluru.
ii. Apart from early warning, the app will also provide information about clinical samples for the diagnosis in case of the epidemic so that immediate action can be taken in case of the epidemic.

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DAILY CURRENT AFFAIRS: 28 DEC 2017

DAILY CURRENT AFFAIRS: 28 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      $318 MILLION LOAN AGREEMENT SIGNED WITH WORLD BANK FOR FARMERS IN TAMIL NADU
i. The Government of India, the Government of Tamil Nadu and the World Bank signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.
ii. The $318 million loan from the IBRD has a 5-year grace period and a maturity of 19 years.

2.      UTTAR PRADESH INTRODUCES NEW POWER SCHEME
i. Uttar Pradesh has launched a free household power connection scheme for the poor in the state to mark former PM Atal Bihari Vajpayee’s birth anniversary. The scheme is driven by government’s motto ‘Prakash hai to Vikas hai’ (the barometer of development is light).
ii. The government has also introduced Kisan Uday Yojana, a novel scheme for farmers. The scheme would cover 10 lakh farmers by 2022, would lead to 35 percent saving on power consumption.

3.      MHA DIRECTS NGOS TO OPEN ACCOUNT IN DESIGNATED BANKS INTEGRATED WITH PMFS
i. The Union Ministry of Home Affairs has directed all NGOs, individuals and business entities receiving foreign funds to open accounts in any of 32 designated banks, including one foreign, within a month. The MHA order comes in exercise of the powers conferred under Foreign Contribution (Regulation) Act, 2010.
ii. These accounts opened in 32 designated banks will be integrated with central government’s Public Financial Management System. Its purpose is to provide higher level of transparency and hassle-free reporting compliance.

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DAILY CURRENT AFFAIRS: 27 DEC 2017

DAILY CURRENT AFFAIRS: 27 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      VIJAY RUPANI SWORN IN AS CHIEF MINISTER OF GUJARAT
i. Vijay Rupani was sworn in at a grand ceremony in the State capital of Gandhinagar as the Chief Minister of Gujarat state. Governor Om Prakash Kohli administered the Oath of Office and Secrecy to 21 ministers including Mr Rupani and his deputy Nitin Patel.
ii. Along with Mr Rupani as CM and Nitin Patel as his Deputy, a total of 19 ministers 9 of them in cabinet rank and 10 MoS were sworn in.

2.      MODI TO BE FIRST PM TO ATTEND WORLD ECONOMIC FORUM IN 20 YEARS
i. PM Narendra Modi will become the first PM in 20 years to attend the World Economic Forum’s annual jamboree of the global elite. The meeting will be held in Davos town of Switzerland.
ii. The 5-day Davos Annual Meeting of Geneva-based WEF will begin in January 2018. Modi will be the first Indian Prime Minister at the Davos summit since 1997 when the then Prime Minister H D Deve Gowda had attended.

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Wednesday, December 27, 2017

DAILY CURRENT AFFAIRS: 26 DEC 2017

DAILY CURRENT AFFAIRS: 26 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      ENVIRONMENT MINISTRY LAUNCHES PILOT PROJECT 'BLUE FLAG' FOR BEACH CLEAN-UP
i. To enhance standards of cleanliness on beaches, the environment ministry has launched a pilot project 'Blue Flag' for its clean-up and development.
ii. With the prime objective of enhancing standards of cleanliness, upkeep and basic amenities at beaches, the ministry has launched a pilot project, also striving for the 'Blue Flag' certification for such identified beaches.
iii. The 'Blue Flag' is a certification by the Foundation for Environmental Education that a beach, Marina or sustainable boating tourism operator, meets its stringent standards.

2.      STATE-RUN BANKS' NPAS TOUCHED RS 7.34 LAKH CR- RBI DATA
i. Bad loans of Public sector banks stood at Rs 7.34 lakh cr by the end of second quarter this fiscal, a bulk of which came from corporate defaulters, private sector banks' NPAs were considerably low. Moreover, for the recovery of the bad loans, the network of Debt Recovery Tribunals have been expanded to 39 at present, as compared to 33 in 2016-17, according to data furnished by the RBI and the government.
ii. The gross non-performing assets of the public sector and private sector banks as on September 30, 2017, were Rs 7,33,974 cr and Rs 1,02,808 cr, respectively. Among the major government-owned banks, State Bank of India had the highest level of NPAs at over Rs 1.86 lakh cr, followed by Punjab National Bank (Rs 57,630 cr) and Bank of India (Rs 49,307 cr).
iii. Up to end-September, among private banks, ICICI Bank had the most amounts of NPAs at Rs 44,237 cr, followed by Axis Bank (Rs 22,136 cr) and HDFC Bank (Rs 7,644 cr).

3.      UP GOVERNMENT SIGNS MOU WITH SOUTH KOREA
i. The Uttar Pradesh government signed an MoU with South Korea to enhance cooperation in the field of tourism, skill development, culture and farming.
ii. An agreement was signed in 2000 to develop Ayodhya and Gimhae as sister cities, following which a memorial was constructed in Ayodhya which is visited by a large number of tourists from South Korea every year.

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DAILY CURRENT AFFAIRS: 25 DEC 2017

DAILY CURRENT AFFAIRS: 25 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      VICE PRESIDENT INAUGURATES CENTENARY CELEBRATIONS OF YOGA INSTITUTE IN MUMBAI
i. Vice President M Venkaiah Naidu has inaugurated the Centenary celebrations of the Yoga Institute in Mumbai. The institute was founded by Shree Yogendraji Mani Haribhai Desai, the disciple of Paramahans Madhavadasji in 1918. It helps spread yoga practices.
ii. According to Naidu practice of Yoga as a holistic way of life leading to physical, emotional and spiritual well-being.

2.      JAIRAM THAKUR WILL BE HIMACHAL PRADESH’S NEW CM
i. The Bharatiya Janata Party has named Jairam Thakur as legislature party leader in Himachal Pradesh, effectively making him the state’s next CM.
ii. The BJP’s central observer Narendra Singh Tomar announced Thakur’s name after a meeting of BJP?MLAs was convened, with all unanimously deciding in his favour.

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DAILY CURRENT AFFAIRS: 24 DEC 2017

DAILY CURRENT AFFAIRS: 24 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      MEA LAUNCHED SAMEEP TO TAKE INDIAN FOREIGN POLICY TO STUDENTS ACROSS COUNTRY
i. With an aim to bring the foreign policy to the masses the External Affairs Ministry has come up with an initiative called SAMEEP - 'Students and MEA Engagement Programme'. Under this MEA official will talk to students to help them better understand foreign policy.
ii. The main objective of SAMEEP is to take Indian foreign policy and its global engagements to students across the country. Under this programme, all the ministry officers - under-secretary and above - will be asked to go to their hometowns, particularly their alma maters.

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DAILY CURRENT AFFAIRS: 22 & 23 DEC 2017

DAILY CURRENT AFFAIRS: 22 & 23 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA'S FIRST DESIGN UNIVERSITY OPENS IN HARYANA
i. India's first and only design university, 'World University of Design' opened its campus at Sonipat, Haryana. The University is promoted by Om Parkash Bansal Educational and Social Welfare Trust of Mandi Gobindgarh, Punjab.
ii. The university is currently located in a sprawling lush green picturesque campus with the state-of-the-art infrastructure and world-class facilities. WUD is India's first university dedicated to education in the creative domain.

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Friday, December 22, 2017

DAILY CURRENT AFFAIRS: 21 DEC 2017

DAILY CURRENT AFFAIRS: 21 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      CABINET APPROVES ESTABLISHING INDIA'S 1ST NATIONAL RAIL AND TRANSPORTATION UNIVERSITY
i. The Union Cabinet chaired by PM Narendra Modi has approved the Ministry of Railways' transformative initiative to set up India's first ever National Rail and Transport University in Vadodara, Gujarat to skill its human resources and build capability.
ii. Government is planning to launch the first academic program in July 2018. The funding of the new University/Institute is to entirely come from Ministry of Railways.

2.      DARPAN PROJECT LAUNCHED FOR FINANCIAL INCLUSION OF RURAL POPULATION
i. The Minister of Communications Manoj Sinha launched DARPAN- “Digital Advancement of Rural Post Office for A New India” Project to improve the quality of service, add value to services and achieve 'financial inclusion' of the unbanked rural population.
ii. The goal of the IT modernization project with an outlay of Rs. 1400 Cr is to provide a low power technology solution to each Branch Postmaster (BPM) which will enable each of approximately 1.29 Lakhs Branch Post Offices to improve the level of services being offered to rural customers across all the states.

3.      CABINET APPROVES "SCHEME FOR CAPACITY BUILDING IN TEXTILES SECTOR"
i. The Cabinet Committee on Economic Affairs has given its approval for a new skill development scheme covering the entire value chain of the textile sector excluding Spinning & Weaving in organized Sector, titled "Scheme for Capacity Building in Textile Sector" from 2017-18 to 2019-20 with an outlay of Rs. 1300 cr.
ii. The scheme will have National Skill Qualification Framework compliant training courses. The objectives of the scheme are to provide demand-driven, placement oriented skilling program to incentivize the efforts of the industry in creating jobs in the organized textile and related sectors.

4.      UK TOPS FORBES' LIST OF BEST COUNTRIES FOR BUSINESS IN 2018
i. The United Kingdom has topped Forbes' rankings of best countries in the world for business in 2018 for the 1st time, up from fifth last year. The list ranks 153 countries on 15 factors including property rights, innovation, taxes and red tape.
ii. The UK is followed by New Zealand and the Netherlands, while India was ranked 62nd on the list. The UK's $2.6 trillion economy is the fifth largest in the world.  The world’s 2nd (China) and third (Japan) biggest economies rank 66th and 21st, respectively. Chad ranks last for the third straight year.

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DAILY CURRENT AFFAIRS: 20 DEC 2017

DAILY CURRENT AFFAIRS: 20 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA, MYANMAR INK MOU FOR DEVELOPMENT OF RAKHINE STATE
i. India and Myanmar signed MoU on Rakhine State Development Programme and on Government to Government agreement on long-term socio-economic development of the state.
ii. This MoU is the 1st G to G agreement signed by the Ministry of Social Welfare, Relief and Resettlement of Myanmar. Under this MoU, Government of India proposes to take up, among others, a project to build prefabricated housing in Rakhine State so as to meet the immediate needs of returning people.

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Thursday, December 21, 2017

DAILY CURRENT AFFAIRS: 19 DEC 2017

DAILY CURRENT AFFAIRS: 19 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA TO HOST MEETING OF WTO MEMBER COUNTRIES ON FOOD SECURITY
i. India will host a meeting of WTO member countries in February 2018 to muster support for food security and other issues. The announcement was made by Commerce and Industry Minister Suresh Prabhu in New Delhi.
ii. The proposed meeting would be in the backdrop of developed nations forming groupings to prepare ground for pushing investment facilitation, preparing rules for e-commerce, promoting gender equality and reducing subsidy on fisheries.

2.      GLOBAL INNOVATION INDEX- INDIA RANKED 60TH MOST INNOVATIVE COUNTRY, SWITZERLAND TOPS
i. India currently ranks 60th out of 127 countries on the Global Innovation Index 2017 as compared to 66th rank on GII 2016. The list was topped by Switzerland. NITI Aayog, Department of Industrial Policy & Promotion and Confederation of Indian Industry together launched a mega initiative “India Innovation Index”.
ii. This Index will rank states on Innovations through country’s first online innovation index portal that will capture data on innovation from all Indian states on innovation and regularly update it in real time.
iii. The Top 3 Countries on Global Innovation Index 2017 are- Switzerland, Sweden and Netherlands.

3.      BENGALI POET JOY GOSWAMI TO GET 31ST MOORTIDEVI AWARD
i. Eminent Bengali poet Joy Goswami will be given the 31st Moortidevi Award for the year 2017. The committee, headed by poet and scholar Satya Vrat Shastri, unanimously decided to confer the award upon Goswami for his poetry collection titled Du Dondo Phowara Matro.
ii. It is the first time the award will be given to a Bengali poet. The award consists of a Saraswati Statue, a Citation Plaque and cash award of Rupees 4 lakh.

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DAILY CURRENT AFFAIRS: 18 DEC 2017

DAILY CURRENT AFFAIRS: 18 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      DHARMENDRA PRADHAN INAUGURATES EASTERN INDIA’S FIRST CNG STATIONS
i. Oil minister Dharmendra Pradhan inaugurated eastern India’s first compressed natural gas stations for scooters in Bhubaneswar, Odisha.
ii. Pradhan inaugurated two CNG stations for scooters and three-wheelers at Chandrasekharpur and Patia area in Bhubaneswar. The CNG stations were part of GAIL’s Pradhan Mantri Urja Ganga and City Gas Distribution projects in Bhubaneswar and Cuttack.
2.      ED FREEZES ASSETS WORTH RS 245 CR IN STC FRAUD CASE
i. The Enforcement Directorate has frozen assets worth Rs 245 cr in connection with its money laundering probe in the alleged fraud of Rs 2,200 crore with the State Trading Corporation.
ii. The agency had early this year registered a criminal case under the Prevention of Money Laundering Act against Ms Global Steel Holding Limited, its chairman Pramod Kumar Mittal and others based on an FIR by the CBI.

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