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National Current Affairs | Access the Latest Happenings across India
1. Gail arm to invest INR 3,000 cr in Dabhol terminal to double capacity to 10 mt
The newly-created arm of state-run gas major Gail India in Dabhol (Maharashtra), Konkan LNG, will pump in around INR 3,000 cr to double the capacity at its LNG (Liquified Petroleum Gas) to 10 million tonnes over the next three years.
Konkan LNG, a 100% subsidiary of Gail, had received the first 1.2 lakh tonne shipment on 30th March 2018.
The 5.8-mt LNG contracted from the first-ever long-term agreement with the US which was signed way back in 2011 and 2013.
2. Now, Tibetans to host ‘Thank You India’ campaign in Delhi
Sheila Dixit (Former Delhi Chief Minister) will preside over the opening ceremony of the Cultural Festival of Tibet event.
Over a long period of time, it is organized by the Central Tibetan Administration (CTA), in New Delhi.
Lobsang Sangay (CTA President) will also attend the inaugural ceremony that will continue till 4th April 2018.
Apart from the exhibitions, film screening and performances by the Tibetan Institute of Performing Arts, there will be a discussion on “India and Tibet: Ancient Ties, Current Bonds”.
3. MHRD launched the Rashtriya Avishkar Abhiyan
Rashtriya Avishkar Abhiyan (RAA) has been launched by the Ministry of Human Resource Development.
This Abhiyan is launched to encourage Science & Mathematics learning in children and for developing their interest through various activities related to Science and Mathematics.
One of the interventions under RAA is strengthening of school’s laboratories of Science and Mathematics through RMSA (Rashtriya Madhyamik Shiksha Abhiyan).
The total amount of INR 179.73 cr has been approved in 2017-18 for the training of science and mathematics teachers, provision of science and maths kits, remedial teaching, science exhibitions, etc.
4. President Ram Nath Kovind embarks on 3 National Africa tour
Three National Africa states (Equatorial Guinea, Swaziland and Zambia) visit from 7th to 12th April 2018 will be embarked by President Ram Nath Kovind.
This visit will be the first one by any head the of state of India to Equatorial Guinea and Swaziland.
This visit will be helpful to develop the relations among these three African countries.
In March 2018, the President had also undertaken two nation visits to Madagascar and Mauritius.
5. Government is going to launch Gobardhan Yojana nationally from Haryana
By end of April 2018, the Union Government will launch GOBAR-Dhan Yojna nationally from Karnal district of Haryana.
The aim is to provide organic manure and cow urine with an aimi to benefit farmers.
Finance Minister Arun Jaitley has announced this scheme in his 2018 Indian budget speech.
Under GOBAR-Dhan scheme, the government will aim to cover nearly 700 districts of India in 2018-19.
6. Government shaped committee to regulate news portals
A committee has been formed by the Ministry of Information and Broadcasting to regulate online portals, including entertainment sites, news websites and media aggregators.
In this committee, 10 members are included from secretaries of the departments of home, legal affairs, electronics and information & technology and from industrial policy and promotion.
The committee will be able to look at three things. First one is to bring online information dissemination under regulation. Second is to propose a policy for foreign direct investment in media and the third one is to look at international best practices on such existing regulatory mechanism.
7. Union HRD Minister Shri Prakash Javadekar Releases ‘NIRF India Ranking 2018’ for Higher Education Institutions
Shri Prakash Javadekar (Union Minister of Human Resource Development) released the NIRF India Rankings 2018 in various categories which are based on the performance of Higher Educational Institutions.
The programme has organized in New Delhi.
Top 69 institutions in 9 categories were awarded in this event.
List of winner institutes in 9 categories is given below
Overall category – Indian Institute of Science, Bengaluru.
Management Category – Indian Institute of Management Ahmedabad.
University category – Indian Institute of Science, Bengaluru.
Colleges category – Miranda House, Delhi.
Pharmacy category – National Institute of Pharmaceutical Education and Research Mohali.
Medical category – All India Institute of Medical Sciences, New Delhi.
Architecture category – Indian Institute of Technology Kharagpur.
Law category – National Law School of India University, Bengaluru.
Engineering category – Indian Institute of Technology, Madras.
8. India will be the partner country for Ambiente 2019
India will be the partner country for international Frankfurt Trade Fair, Ambiente 2019 which is going to be held in between February 8-12, 2019.
It was announced on the penultimate day of Ambiente 2018 by Messe Frankfurt at a festive ceremony.
9. Govt. bans over the counter sale of 14 steroid creams
The Union Health and Family Welfare Ministry banned the sale of 14 steroid creams for preventing indiscriminate sale of ointments which contains steroids and antibiotics without prescription.
With Drugs Technical Advisory Board (DTAB), the decision was taken.
These 14 steroid-based creams and ointments were included under Schedule H of the Drugs and Cosmetics Rules, 1945.
10. Eighth Regional 3R Forum in Asia and Pacific held in Indore
The Union of ministry of housing and urban affairs and government of Madhya Pradesh jointly organized the Eighth Regional 3R Forum in Asia and the Pacific.
It was inaugurated by Sumitra Mahajan (Lok Sabha Speaker) and housing and urban affairs minister Hardeep Singh Puri.
the theme of the event at Indore is ‘Achieving Clean Water, Clean Land and Clean Air through 3R and Resource Efficiency – A 21st-Century Vision for Asia-Pacific Communities’
11. India donates USD 1 Million for Swaziland’s National Disaster Management Agency
USD 1 million donated by India to support Swaziland’s national disaster management agency and expressed commitment to the developmental partnership to create local capacities in the country and across Africa.
The commitment came as the President Ram Nath Kovind becoming the first visiting Head of the State to do so.
Swaziland was invited by India to joint International Solar Alliance (ISA) as a partner
12. The 11th Edition of World Hindi Conference to be held in Mauritius
Mauritius to host the 11th World Hindi Conference from 18-20 August 2018 at Swami Vivekananda International Conference Center.
This conference will provide the common platform to several Hindi scholars, writers from different parts of the world for contributing the language.
Mauritius Education Minister Leela Devi Dookhun Luchoomun and External Affairs Minister Sushma Swaraj released the logo of 11th World Hindi Conference and the website of the event on 10th April 2018.
13. NHAI signed Agreement under IMT Trilateral Highway for its First International Project
An agreement for upgradation of Yagyi – Kalewa section of highway in Myanmar to two lanes with earthen shoulder has been signed by the National Highways Authority of India (NHAI).
This will be the first international project of NHAI which is a part of trilateral highway India-Myanmar-Thailand (IMT).
14. 16th International Energy Forum Ministerial Meeting Hosted by India
Prime Minister of India Narendra Modi has inaugurated 16th International Energy Forum.
This is the second time when India hosted IEF Ministerial meeting. The last meeting was hosted in 1996 at Goa which was the 5th IEF Ministerial meeting.
Theme of this meeting was “The Future of Global Energy Security: Transition, Technology, Trade, and Investment”.
15. Gram Swaraj Abhiyan on Ambedkar Jayanti
On Ambedkar Jayanti (14th April 2018), a “Gram Swaraj Abhiyan” was organized by the Prime Minister that will last till 5th May 2018.
The campaign is for spreading the awareness about welfare schemes and other people-centric initiatives by reaching out to the poor households.
16. IAF to conduct the Biggest Combat Exercise along Pakistan, China Borders:
“Gagan Shakti” the biggest ever combat exercise is going to be conducted by IAF (Indian Air Force) along Pakistan and China borders.
Based on the order of the Air Force Chief, the air force will mobilize its assets in the war scenario within 48 hours of the orders.
The Indigenous Light Combat Aircraft Tejas will be taking part in this exercise for the first time and will perform two roles i.e offensive and defensive.
17. Transgenders to be Recognized as Independent Gender Category in PAN Form:
The government of India has amended new income tax rules. As per the new rules now transgenders to be recognized as an independent category to get a Permanent Account Number (PAN).
To apply for PAN, a notification has been issued by the Central Board of Direct Taxes (CBDT) which frames the policy that provides a new tick box for the transgenders.
18. Proposal Invited by Government for India’s First Offshore Wind Project:
For the first offshore wind energy project of India, the National Institute of Wind Energy (NIWE) under Ministry of New and Renewable Energy (MNRE) has issued Expression of Interest (EoI).
The global Eoi is for developing 1000 MW offshore wind energy project in Gulf of Khambhat, off the coast of Gujarat.
The proposed area for the project is located 23-40 seaward side from Pipavav port in Gujarat.
19. ‘Mission Buniyaad’ launched to improve the Students Learning Skills.
For improving the learning skills of small children from class 3 to 9, Delhi Govt. has launched the “Mission Buniyaad”.
The Primary education of Delhi falls within the space of Municipal Corporations while the Upper primary to Senior Education is offered by Delhi Govt.
The learning program is going to be offered in the MSD Schools for class 3 to 5 students, whereas the class 6 to 9 students skills are going to be furnished in govt. schools of Delhi.
20. Health and Wellness Care Centers inaugurated by PM Narendra Modi
The PM of India Narendra Modi inaugurated the Health and Wellness Care Centre under the Union Government’s ambitious Health Assurance Program- Ayushman Bharat.
The Center was inaugurated on Ambedkar Jayanti at Jangla Development Hub in Bijapur, Chhattisgarh.
PM of India distributed the loan sanction letters to the beneficiaries under the Mudra Scheme of India.
He also interacted with the Rural BPO Employees along with the inauguration of a bank branch at Jangla.
21. Minister of State inaugurates the Solar Lamp Assembly & Distribution Center.
On the birth anniversary of Bharat Ratna Awardee BR Ambedkar, the Minister of State (IC) for Power and New & Renewable Energy Shri R K Singh, inaugurated the Solar Study Lamps at Mahuli village in Arrah for welfare of underprivileged.
The program would be assisted by the Self-Help Group (SHG) women who would assemble the Solar Lamps and distribute them to the needy students who do not have electricity access.
22. The President of India received the first copy of the book ‘Dr Babasaheb Ambedkar – Vyakti Nahin Sankalp.
On the birth anniversary of BR Ambedkar, the president of India received the first copy of book ‘Dr. Babasaheb Ambedkar- Vyakti Nahin Sankalp’ at Rashtrapati Bhawan.
The Vice President of India, Shri M. Venkaiah Naidu, Lok Sabha Speaker Sumitra Mahajan, Union Minister of Social Justice and Empowerment Thaawar Chand Gehlot and Editor of the Book Kishor Makwana were present in the Rashtrapati Bhawan.
24. Home Expo India 2018 inaugurated by the Union Minister of India.
The Union Minister of Textiles and Information and Broadcasting Smriti Irani inaugurated the seventh edition of Home Expo India 2018 at Greater Noida.
The Home Expo is organized by the Export Promotion Council for Handicrafts (EPCH) for benefit of more than 650 Indian exporters in displaying the houseware, decorative, furnishing, flooring, textiles and furniture’s accessories.
25. PM of India on 5 days visit to European Countries
The PM of India is visiting the two European Countries Sweden and United Kingdom for 5 days. The mission of the Foreign countries visit is
To attend the Bilateral meetings with Prime Ministers of Sweden, Finland, Norway, Denmark and Iceland and for India- Nordic Summit and Common Wealth Heads of Government Meeting (CHOGM).
To address a unique event ‘Bharat Ki Baat, Sabke Saath’ in London.
To participate in the CHOGM program being hosted by the United Kingdom.
26. Choice Based Credit System to be introduced by the Haryana Govt for Students.
The Govt. of Haryana is going to introduce the Choice based Credit System (CBCS) for the betterment of students and decreasing the work load in eleven subjects under graduation level and revise the syllabus.
The subjects under the program are Political Science, Mathematics, Economics, Psychology, Physics, Chemistry, Computer Science, Botany, Zoology, Commerce and Geography.
To make the Choice Based System working they would review the existing syllabus in the Universities of Haryana, University Grant Commission, the neighboring states as well as model states of Haryana.
27. Pradhan Mantri Ujjwala Yojana launched in Telangana
On the 127th Birth Anniversary of the BR Ambedkar, Union Minister of Natural Gas and Petroleum, Dharmendra Pradhan launched the Pradhan Mantri Ujjwala Yojana (PMUY).
The aim of this program is to provide the deposit free LPG Connections for the domestic cooking purpose.
Till now over 3.5 crore families have been benefited by the scheme and over 20 lakh new connections are going to be provided within 2 years.
28. First regional Conference held in Eastern States on Water Resources.
To address the outstanding water issues of states the first conference of eastern states on Water Resources was held in Kolkata.
The interlinking of the rivers was one of the major issues for this conference.
To find a solution to the intra- basin issues of water resources in the states like Bihar, Chhattisgarh, Jharkhand, Odisha and West Bengal the conference was schemed.
29. Second longest bridge in Odisha opened
Chief Minister of Odisha Naveen Patnaik has inaugurated the 2nd longest bridge in Odisha in the Sambalpur District.
The bridge is around 2.5 Km long and costs around INR 117.50 crore.
30. Goa to be developed as Cargo hub of India
Goa is going to be promoted by the Central Govt. in the collaboration with the State Govt along with the private partners to become the tourism destination and cargo hub.
Goa is one of the highest tourism destinations in India.
Seeing this Union Minister of Civil Aviation Suresh Prabhu has decided to make Mopa Airport operative from September 2020.
Renovation work of around INR 300 crore is being completed at Dabolim Airport and it would be continued to operate along with the Mopa Airport.
31. India & Wiesbaden Conference 2018 took place in New Delhi
Two-day Conference held on at Federation House in New Delhi between India & Wiesbaden on 16 & 17 April.
The host of the Conference was Ministry of External Affairs of India, United Nations Office for Disarmament Affairs (UNODA) and Govt. of Germany.
The Conference was held to share the experiences on export control systems for the participants to identify the legal and technical assistance.
32. The Central Govt. of India has shifted the targets to complete the plan of Pradhan Mantri Gram Sadak Yojana from the year 2022 to 2019
As per the Union govt. reports the Pradhan Mantri Gram Sadak Yojana (PMGSY) is on its way to completion and would achieve the target up to 2019.
The target has been shifted to 2019 as it was decided to complete till the end of 2022.
Till now around five lakhs fifty thousand Kms. of road has been constructed.
33. SAARC regional Summit held in Hyderabad
The proposal is declared for more than 5 lakh govt employees in the State.
34. Government plans to accelerate the district growth by 3%
The Govt. of India has decided to initiate a District plan to accelerate the growth of districts by 3 %.
The Minister of Union Commerce and Industry, Suresh Prabhu stated that the district plan will ensure the 5 trillion dollars target for the Indian economy would become achievable at the National level.
The first six districts included in the program are Sindhudurg and Ratnagiri in Maharashtra, Muzaffarpur in Bihar, Varanasi in Uttar Pradesh, Vishakhapatnam in Andhra Pradesh, and Solan in Himachal Pradesh.
35. First meeting for Poshan Abhiyan held in New Delhi
The first meeting of National Council of India’s Nutrition Challenges held in New Delhi under POSHAN Abhiyaan.
The Vice Chairman of NITI Aayog Dr. Rajiv Kumar, CEO Amitabh Kant and representatives of various ministers of the central and State Govt. participated in the program.
The purpose of the meeting was to provide the policy directions to address the nutrition challenges of the country through coordinated Inter Sectoral action.
36. Vice President launched the Cashless Health Scheme
Vice President of India launched the Assam Govt. health scheme named Atal Amrit Abhiyan that would offer free medical care up to INR 2 lakhs for every individual Below Poverty Line (BPL) and Above Poverty line (APL) too.
The amount of INR 400 crores is decided for the scheme in the financial year 2018-19. Whereas the 92 percent of the population of state would be covered in the scheme having an annual income below 5 lakh rupees.
37. President of India visits to Jammu & Kashmir
President of India Ram Nath Kovind visited the Jammu & Kashmir where he addressed the sixth convocation of Shri Mata Vaishno Devi University (SMVDU) AT Katra
President met the Chief Justice of Jammu & Kashmir high Court Mr. Ramalingam Sudhakar, Chairman of Bharti Enterprises and Chairman of Munjal Auto Engineering Limited at the event.
38. Cabinet Launched Rashtriya Gram Swaraj Abhiyan
The Cabinet Committee on Economic Affairs chaired by the PM, Narendra Modi has launched the Rashtriya Gram Swaraj Abhiyan (RGSA) at Mandla in Madhya Pradesh
This scheme will extend to all States and UTs of the Country and will also include institutions of rural local government in areas, where Panchayats do not exist.
The scheme will have both Central Component like National Level activities including “National Plan of Technical Assistance”, “Mission Mode project on e-Panchayat”, “Incentivization of Panchayats” and State component as Capacity Building of Panchayati Raj Institutions (PRI).
39. Union Cabinet approved death penalty for child rapists
The Union Cabinet has approved an ordinance to allow courts to pronounce the death penalty to those convicted of raping children up to 12 years of age.
Ordinance approved by the Cabinet also prescribes the minimum punishment in case of rape of women to increase from rigorous imprisonment of 7 years to 10 years, extendable to life imprisonment.
In case of rape of a girl under 16 years, minimum punishment has been increased from 10 years to 20 years, extendable to imprisonment for rest of life, which means imprisonment till that person’s natural life.
40. Madras HC becomes 1st court in South India to introduce e-court fee payment facility
The Madras High Court became first court in South India and overall eighth in the country to introduce e-court fee payment facility.
It will provide easier and secure way of paying stamp duty. It will also help to tackle sale of counterfeit judicial stamps duty.
The advantage of this system is that the court fee can be paid as and when user desires without bothering about non-availability of physical stamps.
41. Sundarban Reserve Forest to get Ramsar site status
The Sundarban Reserve Forest will be recognized as the Ramsar site soon. West Bengal Government has given its approval to State Forest Department to apply for coveted Ramsar Site recognition under Ramsar Convention to Sundarban Reserve Forest.
Sundarbans Reserve Forest will be largest protected wetland in the country after getting approval as Ramsar
The status wetland of international importance under Ramsar Convention will help in conservation of Sundarban (World Heritage Site) which is facing threat from climate change and rising sea level.
42. Suresh Prabhu chaired 1st Meeting of Think Tank on Framework for National Policy on E-Commerce
Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, has inaugurated the 1st meeting of the think tank on the Framework for National Policy on E-commerce.
The Department of Commerce has established the think tank on the Framework for National Policy on E-commerce recently.
The meeting will provide a reliable forum for an inclusive and fact-based dialogue leading to recommendations for informed policy making to take advantage of the opportunities, and meet the challenges, that would arise from the next wave of advancements in the digital
43. 1st smart city to run on 100% Renewable Energy during daytime
Diu Smart City has become the first city in India, that runs on 100% renewable energy during daytime setting a new benchmark for other cities to become clean and green.
A 9 MW solar park spread over 50 hectares rocky barren land has been developed besides installing solar panels on the rooftops on 79 government buildings to generate 1.3 MW electricity annually.
To further enhance its solar capacity, Diu offers its residents a subsidy of INR 10, 000-50,000 for installing 1-5 KW rooftop solar panels.
Diu is saving about 13,000 tons of carbon emissions every year.
44. Adopt Heritage Project: Government awards LoI for 22 monuments
The Ministry of Tourism has awarded Letters of Intent (LoI) to 9 agencies for 22 monuments under Adopt a Heritage Project: Apni Dharohar, Apni Pehchaan Scheme.
The project primarily focuses on providing basic facilities that include cleanliness, public convenience, drinking water, ease of access for tourists, signage etc. and advanced amenities like a Souvenir shop, Cafeteria, TFC etc.
45. Unnat Bharat Abhiyan 2.0 Launched by HRD Ministry
Minister of Human Resource Development Shri Prakash Javadekar has launched Unnat Bharat Abhiyan 2.0 in New Delhi.
Unnat Bharat Abhiyan 2.0 is in line with Prime Minister Shri Narendra Modi’s vision to transform India, in which students from colleges and universities will go to nearby villages to get acquainted with the life of the village people and the problems faced by them in day to day life.
46. Relaxation to six-decade-old Protected Area Permit regime in Nagaland, Mizoram and Manipur
Foreign tourists will now be allowed to visit Nagaland, Mizoram and Manipur which are pristine locations of India, except those from Pakistan, China and Afghanistan.
The home ministry has decided to relax the six-decade-old Protected Area Permit regime from Nagaland, Mizoram and Manipur for five years with effect from April 1.
The move is being initiated to promote tourism, create job opportunities for the locals and generate revenue for the states.
47. NITI Aayog announced the launch of Atal New India Challenges
The NITI Aayog has launched Atal New India Challenge under Atal Innovation Mission (AIM) with the aim to bring-in innovations and technologies relevant to the people.
Under this initiative, applicants showing capability, intent, and potential to productize technologies will be awarded grants up to INR 1 crore.
This initiative will focus on efforts towards solving problems in core areas, which would have direct impact on improving lives of citizens and also generate employment.
48. Van Dhan scheme launched by PM to help increase tribal income
PM Narendra Modi has launched the Van Dhan Scheme of Ministry of Tribal Affairs and Tribal Cooperative Marketing Development Federation of India (TRIFED) during the celebrations of Ambedkar Jayanti at Bijapur, Chhattisgarh.
This scheme is for socio-economic development of tribal living in forests, for whom, collecting Minor Forest Produce (MFP) is a major source of livelihood.
International Current Affairs | Know What’s happening around the World
1. The US and South Korea began a Joint Military Exercise named “Foal Eagle”.
The United State and South Korea began the joint military exercise for more than 11,500 U.S. troops and nearly 300,000 South Korean forces.
The exercises will run for four weeks. This one is the largest annual joint military exercise.
Earlier, the drill was to be organized in February 2018, but it delayed avoiding a clash with Winter Olympic Games in South Korea.
2. Turkey has launched construction of first ever nuclear plant
The President of Turkey launched the construction of Turkey’s first-ever nuclear power plant in Mersin region. The launch of this project was done by the two Presidents with the help of video conferencing.
The estimated cost of the power plant would be 20 billion dollars.
First stage of this nuclear plant will be completed by 2023.
3. Shushma Swaraj on 3 Day Visit to Azerbaijan
Three days visit to Azerbaijan is begun by External Affairs Minister Sushma Swaraj for participating in Mid-Term Ministerial Meeting of Non-Aligned Movement in Baku.
During this visit, EAM will hold bilateral consultations with her Azerbaijani counterpart Elmar Mammadyarov.
Discussion will be based on bilateral, regional and global issues of mutual interest.
4. International Conference on Human Rights inaugurated by Nepal President
Nepal President Bidya Devi Bhandari inaugurated an International Conference on Human Rights in South Asia in Kathmandu.
National Human Rights Commission of Nepal has organized the conference.
The objective of this conference is identifying challenges, assessing progress, addressing impunity and realizing human rights in South Asia.
5. Joint Military Exercise concluded between UAE, Malaysia
“Desert Tiger 5” joint military exercise concluded by the United Arab Emirates (UAE) and Malaysia aimed at sharing expertise and enhancing joint military actions.
The exercise is also for improving the performance level, combat efficiency and working together.
6. Conference on Water, Environment & Climate Change begins in Kathmandu
This was the first international conference on Water, Environment and Climate change which is inaugurated by Vice President of Nepal Nanda Bahadur Pun.
The 3-day conference was organized by the Department of Water Supply and Sewerage, Govt of Nepal in association with the Society of Public Health Engineers Nepal and Nepal Engineers Association.
The objective of the conference was to discuss and deliberate on challenges related to water and environmental issues.
7. Bangladesh Ends up with the Reservation System in Government Jobs
After thousands of students marched across the Bangladesh country to protest a controversial policy of setting aside jobs for special groups, the Prime Minister of Bangladesh Sheikh Hasina decided to scrap the quota system in government services.
National capital Dhaka one of the main points of protests saw groups of students blocking key roads and highways, besides clashing at the Dhaka University which resulted in injuries to more than 100 students.
8. Former PM of Pakistan Nawaz Sharif banned from holding office
The Supreme Court of Pakistan has banned the former PM of Pakistan Nawaz Sharif from holding any public office.
The reason for the ban is the corruption charges and holding the undeclared source of Income.
9. Road Safety Fund launched by United Nations
Noticing the rise of Road Accidents in India and Canada, the officials of United Nation has launched the Road Safety Funds.
The UN Deputy Secretary General Amina Mohammed claimed that around 1.3 million drivers, passengers and pedestrians die per year and more than 50 million gets injured in road accidents around the world.
The Road Safety plan would be carried out on five pillars named- Strengthened road safety management capacities, enhanced safety of vehicles, improved safety of road infrastructure and border transport networks, improved behavior of Roads users and improved post – crash care of Global Plan by UN Economic Commission for Europe (UNECE).
As per the UNECE reports USD 51000 would be leveraged for the Road Safety fund whereas each USD 1500 would save one life and prevent 10 serious injuries.
10. India and China would work together on OPEC
India, China, and other Asian Countries are going to work together to voice against the ‘Asian Premium’ being charged by the Organization of the Petroleum Exporting Countries (OPEC).
OPEC is a petroleum selling organization that sells the Petrol and Products to India and other Asian Countries at High Price as compared to the European Countries and America.
The Ministry of Union Petroleum has setup the Chairman of Indian Oil Corporation (IOCL) Chairman Sanjiv Singh to coordinate with the China National Petroleum Corporation (CNPC) in this project.
OPEC was formed in 1960 and its headquarters is in Vienna, Austria. The member of this organization is Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.
11. US Announced Eligibility of India for Generalized System of Preferences(GSP)
The United States Trade Representative (USTR) has announced that they would review the eligibility of India, Indonesia, and Kazakhstan for Generalized System of Preferences (GSP).
GSP is a process to allow the duty-free entry of the goods and products like Chemicals, gems, textiles etc. to the US market.
12. US and Nigeria to hold the Military Summit in Abuja
The African Country Nigeria and the United States are working on the African Land Forces Summit (ALFS) at the Nigerian Capital Abuja.
The participants of this summit are US Army, NATO allies and Military Leaders and almost every African Country.
13. 50 million Euro humanitarian aid announce by France for Syria
The President of France Emmanuel Macron has announced to help Syria by donating 61.9 million dollars in Urgent Humanitarian Aid.
The NGOs and U.N agencies are working in Syria and the fund would be contributed to them for helping 13 million people and 6 million children in Syria.
14. Trade Office to be opened by Taiwan in India
Taiwan is working on the project to open a trade office in New Delhi by next month.
The step is seen as the developing the diplomatic relationship between the countries and to expand the business ties with China.
15. United Nations is going to restrict the movement of Pakistan diplomats
The United States has taken a serious step against Pakistan by restricting the movement of Pakistani Diplomats in Washington and in other cities up-to 40 Kms radii.
The diplomats have to take the permission before travelling outside of the 40 Km radii within the Country.
16. India- China- Nepal Economic Corridor program proposed by China
China has proposed an India- Nepal- China economic corridor through the Himalayas that comprises of multi- dimensional connectivity.
The proposal was made after the visit of Chinese Officials to the Nepal foreign minister Pradeep Kumar Gyawali.
The MoU was signed between the China and Nepal which is based on the multibillion-dollar belt and Road Initiatives (BRI).
17. First Theater opened in Saudi Arabia after 35 years.
The opening of the film theater in Saudi Arabia after a long break of 35 years has been highly foreseen across the country.
Due to the Religious reasons, Saudi Arabia theaters were closed, now as the theater has opened the people from Saudi Arabia and other countries watched the film “Black Panther” in the theater.
18. India and Afghanistan Bi- lateral meet held on drugs.
A Bi- lateral meeting on the discussion related to the illicit drug trafficking and narcotics issues was held between India and Afghanistan, in New Delhi.
The Director General of Narcotics Control Bureau (NCB) from India Mr. Abhay and Director of Ministry of Counter Narcotics Mr. Abdul Qayyaom Samer were present in the meeting.
19. Commonwealth Heads of Government Meeting 2018 held in London
The Commonwealth Heads of Government Meeting 2018, also known as CHOGM 2018, was the 25th meeting of the heads of government of the Commonwealth of Nations.
It was held in the United Kingdom. PM Narendra Modi attended the meeting for India.
Rwanda has been selected as host of the next Commonwealth Heads of Government Meeting (CHOGM), to be held in 2020.
20. 15th SCO Defence Ministers meeting was conducted in China
India has participated in the 15th Shanghai Cooperation Organization (SCO) Defence Ministers Meeting for the first time, which was held at Beijing in China.
Defence minister Smt. Nirmala Sitharaman highlighted India’s keen interest in developing an expanded partnership with the broader Eurasian region in the meeting.
21. India-China Informal Summit held in Wuhan
The Prime Minister Narendra Modi has attended first Informal Summit with China’s President Xi Jinping held in Wuhan.
The purpose of meeting was to exchange views on overarching issues of bilateral and global importance and to elaborate their respective visions and priorities for national development in context of current and future international situation.
22. Peace Mission: India, Pakistan to participate together in SCO counter-terror exercise
For the first time, arch-rivals India and Pakistan are taking part in Peace Mission, a multi-nation counter-terror exercise in Russia to be held in September 2018.
The military exercise is going to take place under the framework of Shanghai Cooperation Organization (SCO).
Peace Mission counter-terror military exercise will be held in the Ural Mountains of Russia and almost all SCO member countries are taking part in it.
23. International Buddhist Conference held in Lumbini, Nepal
International Buddhist Conference was Conducted in Lumbini, Nepal on 29 and 30 April 2018 to commemorate Buddha Jayanti.
The theme of the conference was ‘Lumbini Nepal: The birthplace of Lord Buddha and the fountain of Buddhism and world peace’.
The basic objective of the conference was to disseminate teachings of Buddha and spread messages of nonviolence, brotherhood, co-existence, love and peace to international
24. Iran Bans Banks from Using Crypto currencies
Iran has banned the use of bitcoin and other crypto currencies by its banks and financial institutions.
As per the central bank of Iran, the ban was necessary since all crypto currencies have the capacity to be turned into a means for money-laundering and financing terrorism and in general can be turned into a means for transferring criminals’ money.
Memorandum of Understanding (MoU) | Get the Best Information Out of Top Agreements
1. MoU signed between HDFC Bank and Indian Army on Defence Salary Package
Indian Army and HDFC Bank signed a Memorandum of Undertaking on the Defence Salary Package on 3rd April 2018.
This MoU is tailor made to suit the requirements of serving soldiers, pensioners and families.
Indian Army has MoUs with 11 public and private sector banks on Defence Salary Packages.
2. MoU signed by India and the United Arab Emirates (UAE) on technical cooperation in rail sector
The Union Cabinet has been apprised of the Memorandum of Understanding signed with Federal Transport Authority Land and Maritime of the UAE on technical cooperation in rails sector.
This MoU will enable the technical cooperation in regulation, safety and technical investigation of accidents, locomotives, station redevelopment etc.
Latest developments and knowledge will be provided to Indian Railway through this MoU.
3. MoU signed by India and Canada on foster cross-border partnerships
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the MoU signed between India and Canada.
Aim of this MoU is fostering cross-border partnerships attentive on research excellence and industry-academic collaboration between these two countries that brings strong innovation.
4. Headquarters Agreement between India and ISA has Approved by Cabinet
The Union Cabinet, chaired by Prime Minister Narendra Modi has approved signing of Host Country Agreement between India and ISA (International Solar Alliance (ISA).
In March 2018, the agreement was signed between MEA (Ministry of External Affairs) and ISA.
It will help in smooth transition of ISA as an international inter-governmental organization.
5. MoU signed by India with World EXPO 2020 Dubai
On 10 April 2018, A MoU signed in between India and World Expo 2020 for India’s pavilion in the World Expo 2020 which will be held in Dubai.
The agreement signed by Manoj K Dwivedi (Joint Secretary in the Union Ministry of Commerce) and Najeeb Mohammed Al Ali (Executive Director of Dubai Expo 2020 Bureau).
In the ‘Opportunity’ segment, contract provides for the setting up of India’s pavilion at Expo 2020 on an extra-large plot of about one acre.
6. MoU signed by India & Morocco to Promote Mineral Exploration
India has signed a memorandum of understanding with Morocco. In this MoU focus would be put on evaluation of potential mineral resources and promoting exploration and mining through participation of both public and private sector.
This agreement is signed in New Delhi between Mines Minister Narendra Singh Tomar and Aziz Rabbah, Minister of Energy, Mines and Sustainable Development of Morocco.
7. President of India Signs 4 Agreements with Zambia in his 3 Nation Visit
President Ram Nath Kovind has asked Indian Diaspora in Zambia to become the partner in India’s growth and asked to take advantage of Overseas Citizen of India, OCI programme.
Four MoUs – the Establishment of Entrepreneurship Development Institute in Zambia, taxation, visa exemption on diplomatic passports and judicial cooperation were signed between the two countries.
In last three decades, this is the first time that a state visit to Zambia is undertaken by President of India.
8. MoU signed between India-Timor Leste in Field of Public Health
For extending affordable healthcare to the people of the Southeast Asian nation, an MoU has been signed in between India and Timor Leste.
Recently the Minister of State Krishan Pal Gurjar has concluded a four-day visit to Timor Leste for social justice and empowerment.
9. Cabinet Approves MoU on return of Illegal Migrants – India, UK and Northern
Memorandum of Understanding has approved in between Indian, United Kingdom and Northern Ireland on the return of Illegal Migrants. Regarding this MoU, the decision was taken by Prime Minister Narendra Modi.
After the conclusion of this MoU, Visa-Free Agreement for holders of Diplomatic passports as well as liberalization of UK Visa Regime traveling to the UK legally will be facilitated.
10. MoU signed between L& T and BEL for Defense Products
Larsen & Turbo (L&T) and Bharat Electronics India Limited have signed an MoU to cater the needs of the evolving domestic as well as export markets for benefit of the product and systems.
The Program is under the Make in India initiative that would help in the growth of the Defense and Security system of our country.
11. India and World Bank Signed an MoU for Loan agreement
For Meghalaya Community- Led Landscapes Management Project (MCLLMP), India has signed a Loan Agreement of USD 48 million with World Bank.
The Project is based on three components – Strengthening Knowledge and Capacity for Natural Resource Management, Community- led landscape planning and implementation as well as Project Management and Governance.
12. SIDM (India) and GIFAs (France) has signed an MoU for Defense
The Society of Indian Defence Manufacturers (SIDM) and Groupement des Industries Francaises Aeronautiques et Spatiales (GIFAS), France has signed an MoU to enhance the sustainable framework and cooperative actions between Indian Defence Industry and French Aerospace Industry.
This is a major step for aerospace and defense manufacturing, research and technology, human capital, Engineering Services and System Integration for both the countries.
The Managing director of GIFAS is Pierre Bourlot and Director Gen. of SIDM is Lt Gen Subrata Saha.
13. MoU signed between India and Sweden
India and Sweden have signed MoUs while the visiting of PM Narendra Modi to Stockholm.The agreements signed between both the countries are as follows
Agreement on Cooperation in the field of Sustainable and Smart Urban Development.
Agreement on the Cooperation in the fields of Dairy and Animal Husbandry.
Agreement on Food Safety Cooperation.
Agreement on Cooperation in the Agriculture Research and Education.
14. Agreement signed between India and UK in several factors
To promote better Cyber Relationship framework between the countries and to develop the common and better understanding 10 MoUs have been signed between the countries.
The Agreement is based on the rejuvenation of River Ganga under National Mission for Clean Ganga (NMGC) and UK based Natural Environment Research Council (NERC)
The Agreement includes the strengthening of the skills by vocational and education training.
An agreement on NITI Aayog and UK’s Departmental of Business, Energy, and Industrial Strategy (BEIS) has also been signed.
The agreement for the betterment in the field of Dairy and Animal Husbandry, Exchange of Information on combating International Criminality and serious organized crime is signed.
15. Agreement signed between India and Eritrea.
India and Eritrea signed an MoU for Foreign Office Consultation in New Delhi.
The MoU would be strengthening the bilateral corporation between the countries in political, commercial, and educational spheres.
16. IOB signed information utility pact with NeSL
One of the leading public-sector banks- Indian Overseas Bank (IOB) has signed an agreement for information utility services with the National E-Governance Services Limited (NeSL) to expedite the Corporate Insolvency Resolution Process.
The NeSL became India’s first information utility (IU) for bankruptcy cases under the Insolvency and Bankruptcy Code (IBC) 2016 in October 2017.
With this agreement, the IOB branches will be able to provide high-quality, authenticated information about debts and defaults.
17. CSIR and DoT sign MoU for nationwide Time Stamping & Time Synchronization network
CSIR-National Physical Laboratory (CSIR-NPL) and Department of Telecommunications (DoT) have signed an agreement on technical knowledge sharing for establishing nationwide Time Stamping and Time Synchronization network (TSTSN) and traceability of Time signal to NPL Time.
The nationwide TSTSN consisting of 22 numbers of Time Synchronization Centers (TSC’s) will be set up by DoT with technical assistance from CSIR-NPL.
This network will provide a synchronizing pulse in Indian Standard Time (IST) to all Telecom & Internet Service providers (ISPs) in all 22 LSA (Licensed Service Areas) in the country.
18. National Biopharma Mission: Government signed MoU with World Bank
The Union Government has signed an agreement with World Bank for flexible financing arrangement to accelerate research towards early development for biopharmaceuticals under National Biopharma Mission.
Its objective is to strengthen translational capability of academic researchers, empower bio-entrepreneurs and SMEs (Small and medium-sized enterprises) by decreasing cost and risk during initial stages of product development and also elevate innovation quotient of the industry.
19. India inks MoU with World Bank to Improve Rural Road Network in MP
The Government of India, the Government of Madhya Pradesh and the World Bank have signed a $210 million loan agreement for the Madhya Pradesh Rural Connectivity Project.
The Project is aimed to improve the durability, flexibility and safety of the gravel surfaced rural roads and enhance the capacity of the state to manage its rural roads network.
The Project will cover 10,510 km stretch of rural roads in Madhya Pradesh that fall under the Chief Ministers Gram Sadak Yojana (CMGSY) program.
20. ITC signed MoU with NITI Aayog to train 2 lakh farmers to increase their income
FMCG major ITC has joined hands with NITI Aayog to train 2 lakh farmers to increase their income and raise the productivity of major crops in 25 aspirational districts across seven states in the country by 2022.
These 25 aspirational districts are in Assam, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
The major objective of the agreement is to increase net returns from farming through a reduction in costs of production and increasing productivity of major crops in each of identified district.
21. PHDCCI, Indian Yoga Association sign MoU to promote cultural tourism in Krishna Circuit
The Ph.D. Chamber of Commerce and Industry (PHDCCI) and Indian Yoga Association (IYA) have signed an MoU to facilitate interaction and cooperation between two organizations to promote wellness, spiritual and cultural tourism in Krishna Circuit.
Under this MoU, PHDCCI and IYA have joined hands to provide holistic tourism experience to domestic and international travelers looking for some spiritually invigorating and cultural experiences.
Bills [Amendments & New] – See How Many New Bills have been passed in 2018
1. E-Way Bill for Inter-State Movement of goods comes into force
In the financial year 2018-19, the E-bay Bill System for Inter-State movement of goods comes into force. This E-way Bill will be required for moving goods worth over INR 50,000 from one state to other.
Last month, the GST Council had decided on a staggered rollout of the e-way bill starting with inter-state from 1st April and intra-state from 15th
2. Cabinet approves Protection of Human Rights Bill, 2018
For better protection and promotion of human rights in the country. The Union Cabinet has introduced Protection of Human Rights (Amendments) Bill, 2018 in Parliament
This bill will amend the Protection of Human Rights, 1993. In 2006, the bill was last amended.
The amendment includes National Commission for Protection of Child Rights as deemed member of National Human Rights Commission (NHRC).
This amendment will improve Human Rights Institution of India.
Banking Awareness & Economics Current Affairs | Understand the Top Trends in India
1. Atal Pension Yojana subscriber base touched over 97 lakhs
As per the PFRDA (Pension Fund Regulatory and Development Authority), Atal Pension Yojana subscriber base touched 97.05 lakh that is lower than the set target of 1 crore.
In 2016-17, the total number of subscribers under Atal Pension Yojana was reached at 48.83 lakh with an absolute incremental addition of 23.98 lakh accounts. There is an addition of over 48.21 lakh subscribers in 2017-18.
2. SIDBI celebrated its foundation day on 2 April 2018
On 2 April 2018, SIDBI (Small Industries Development Bank of India) celebrated its foundation day.
SIDBI is the financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSME) sector in India.
Chairman of SIDBI also launched ‘Samridhhi- the virtual assistant’ on banks revamped universal loan portal www.udyamimitra.in.
3. 16 APAs inked by Government in March 2018
The Central Board of Direct Taxes has entered into 2 Bilateral Advance Pricing Agreements (BAPA) and 14 Unilateral Advance Pricing Agreements (UAPA) in March 2018.
Total 219 APAs with the signing of these Agreements, CBDT has entered.
This agreement includes 199 Unilateral APAs and 20 Bilateral APAs. Of this, 67 APAs (58 Unilateral and 9 Bilateral) were signed in FY 2017-18.
4. RBI defers adoption of Ind-AS by 1 year for banks
Adoption has deferred by Reserve Bank of India (RBI) of Indian Accounting Standards (Ind AS) by commercial banks till April 2019. Reason behind this is unpreparedness of banks to migrate to the new accounting system.
In the assessment, RBI has found that some of the banks are still not prepared to move into new accounting rules.
Reserve Bank of India has requested Government to amend Banking Regulation Act,1949 as a format of financial statements.
5. RBI’S first bimonthly policy FY 2018-19 remains unchanged
The RBI has decided to maintain status quo in policy rates by keeping the repo rate unchanged at 6.0% in its first bimonthly policy review for the financial year 2018-19.
The decision was taken by RBI’s six-member Monetary Policy Committee led by RBI Governor Urjit Patel.
It is fourth time in a row RBI has unchanged repo rate, the rate at which RBI lends funds to banks.
6. ICICI becomes First Indian Bank to go Live on SWIFT’s GPI Service
ICICI Bank to go live on Society for World Interbank Financial Telecommunication System (SWIFT) Global Payment Innovation (GPI). ICICI bank becomes the first Indian bank which is going to live on SWIFT’S GPI Service.
With the help of SWIFT GPI, banks track their global transaction at any time. They keep full watch on all the payment activities.
SWIFT enables financial institutions worldwide to send and receive information about financial transactions in reliable and secure environment.
7. 11 Public Sector Banks now on RBI Watchlist
RBI has placed 11 PSBs (public sector banks) out of 21 State-owned banks under its Prompt Corrective Action (PCA) framework to deteriorating performance.
It is expected that there will be 3-4 more PSBs to brought under PCA framework.
Banks which are under PCA framework are –
Bank of India
Indian Overseas Bank
Central Bank of India
Oriental Bank of Commerce
United Bank of India
Bank of Maharashtra
8. RBI Switches Back to GDP Scale to Measure Economy
The Reserve Bank of India switched back to the gross domestic product (GDP)-based measure to offer its growth estimates from the gross value added (GVA) methodology, citing global best practices.
The government had started analyzing growth estimates from January 2015 by using GVA methodology and also changed the base year to 2018 from January.
9. Foreign Exchange Reserves of India Hits a Life-Time High
According to the Reserve Bank of India data, India’s foreign exchange reserves hit a life-time high of 424.361 billion US dollar after rising by 1.828 billion dollars in the week to March 30.
Gold reserves of Indian remained unchanged at 21.614 billion US dollar.
10. SBI to Invest Rs 80 bn in Hydropower Project of Nepal
Total of INR 80 billion will be invested by the State Bank of India in the Arun III Hydropower Project of Nepal.
The Project has 900 MW electricity production capacities.
11. Special Financing Scheme launched by J&k Bank for Industrial Units
A special financing scheme named ‘Add-on-Working Capital GST: has launched by Jammu and Kashmir Bank.
The scheme is to help the state industry cope with the delay in reimbursement of GST under special tax relief.
J&K Finance Minister Syed Altaf Bukhari launched this scheme.
12. New Product launched by PNB Bank
The products like Pre- approved credit card and UPI solution launched by the Punjab National Bank on the 124th Foundation day of the bank.
The bank has also announced the UPI Partnership with Walnut, an App embedded with features such as bill reminders, bill split and instant paperless loans.
13. NABARD’s Authorized Capital by Union Govt. up to INR 300 Billion
The Union Govt. of India has increased the Authorized Capital of NABARD (National Bank for Agriculture and Rural Development) to 300 billion from INR 50 billion to double the income of farmers by 2022.
NABARD was setup in 1982 for the promotion of sustainable and equitable development of the Rural Areas.
14. Japanese Banks provided INR 3250 Crore funding to the Reliance Jio
An agreement has been signed between the Reliance Jio and Japan based Bank for providing INR 3250 crore loan.
The deal is seen as the largest Samurai Loan with Japan on a very low rate of Interest.
15. India’s GDP Growth at 7.3-7.7 % for 2018-2019 as per the CII Reports
The Confederation of Indian Industry (CII) has declared that the expected Growth Domestic Product (GDP) of India is going to grow at 7.3 % to 7.7 % during 2018-19.
The positive sign of India’s GDP growth is seen this year due to the better Market Values, Rural Economy, Agriculture growth, Climatic Conditions for Global Growth of India.
16. Kotak Mahindra Bank became India’s 2nd Valuable Bank beating SBI
Private Bank of India Kotak Mahindra has raised to the 2nd Position in terms of Value. It had also left India’s largest lender bank State Bank of India (SBI).
As per the reports the shares of Kotak Mahindra have grown to 1.7 % with market capitalization of INR 2,22,560.9 crore.
Whereas the Market Capitalization of SBI stood at INR 2,22,043.75 Crores. The shares were 1% down from its previous close.
17. Natural Gas Trading to be setup in India by October
In order to boost the natural gas supply and consumption, Govt. of India is going to setup a Gas Trading Hub / Exchange (GTHE) by October 2018.
A consultant is being invited by the Petroleum and Natural Gas Regulatory Board (PNGRB) to develop a regulatory framework for operationalizing the process.
18. YES GST facility launched by the YES Bank
India’s Private Bank YES Bank has launched the YES GST overdraft to benefit the Micro Small and Medium Enterprises in India (MSME).
Under this scheme, the YES Bank would enable the MSME Enterprises to make avail the Overdraft up to INR 1 crore.
The Facility would be given by noticing the Goods and Service Tax (GST) returns of the Enterprises on the yearly turnover of Goods and Products.
19. The Decision for EPFO reversed to allow offline claims of over INR 10 lakhs
The Employees Provident Fund Organization (EPFO) has reversed its decision and would accept the provident fund withdrawal claims of over INR 10 lakhs via physical forms.
The rule is applicable for the withdrawals of over INR 5 lakhs under Employees’ Pension Scheme.
20. Minister of Communication launched the DARPAN-PLI App.
Minister of Communication had launched the DARPAN-PLI app for collecting the premium of PLI and RPLI policies at the Post Office Branch anywhere from India. With online updating of the policies
Digital Advancement of Rural Post Office for a new India (DARPAN) Project connects the Post Office branches all over India to enable the Online Postal and Financial Transactions.
21. First meeting between the BRICS and Central Bank Officials held.
The first meeting of BRICS Finance Ministers and Central Bank Governors was held in Washington D.C. United States in the IMF/World Bank Spring Meetings.
The purpose of the meet was to –
Improve the pipeline projects of the New Development Bank (NDB) across the member Countries, expanding the NDB’s membership and BRICS Bonding Funds.
22. Yes Bank to open offices in London and Singapore.
Private Sector Bank, Yes Bank has approval from Reserve Bank of India (RBI) to open the two representative offices in Singapore and London.
Yes Bank also opened its first Office in the Abu Dhabi with the launching of GIFT city in Gandhinagar in April 2015.
23. PNB to take help of detective agencies to locate untraceable borrowers
Punjab National Bank (PNB) has invited applications for empanelment of detective agencies to locate its untraceable borrowers.
The PNB has also resorted to ‘Gandhigiri’ wherein its staff hopes to ‘name and shame’ defaulting borrowers to recover up to INR 150 crore worth bad loans every month.
24. Government to acquire RBI’s stake in National Housing Bank
The government is planning to acquire the stake of Reserve Bank of India in housing finance regulator National Housing Bank (NHB).
RBI currently holds 100% stake in the NHB.
The Finance Bill 2018 has amended the National Housing Bank Act, 1987, for transferring RBI’s stake in the NHB to the government.
25. Bureau of Indian Standards grants first license for Liquid Chlorine on all India basis
Bureau of Indian Standards (BIS) has granted the first license to Gujarat Alkalies and Chemicals Ltd for Liquid Chlorine on all India basis as per Indian Standard (IS) 646:1986.
This is the first license granted on All India basis. Liquid Chlorine is in liquid form and stored in metal containers.
Liquid Chlorine is usually used as gas obtained by evaporating liquid from metal It is used mainly in paper, pulp, water sterilization, textile bleaching and manufacture of chemicals.
26. NSE’s India Index Services & Products Ltd launches Nifty Equity Savings Index
The National Stock Exchange’s (NSEs) arm India Index Services & Products Ltd (IISL) has launched Nifty equity savings index that will serve as a benchmark for equity saving funds offered by various mutual funds.
The index will capture performance of portfolio having exposure to equity, equity arbitrage and debt instruments in a similar way to the investment philosophy of equity savings funds.
27. RBI eases External borrowing norms to enable cheaper funds
The Reserve Bank of India (RBI) has relaxed External Commercial Borrowings (ECB) Policy by including more sectors in the window in order to facilitate cheaper access of overseas funds to Indian companies.
RBI also has allowed companies engaged in the business of maintenance, repair and overhaul and freight forwarding to raise ECBs denominated in rupee only.
RBI also relaxed norms for foreign investment in bonds by withdrawing investment cap for investors from investing in government bonds with a minimum residual maturity of three years.
Science & Technology Current Events | Stay Advanced with Latest Inventions
1. ISRO Losses Contact with Satellite GSAT-6A
Contact has been lost by Indian Space Research Organisation (ISRO) with one of the most powerful communication GSAT-6A Satellite.
The cause behind this is believed to have by the power system failure or any kind of short circuit on the satellite.
After its successful textbook launch on 29 March 2018 onboard of GSLV-F08 the satellite was to be placed in orbit in three phases.
2. Scientists Discovered New Organ in Human Body
A new organ named ‘interstitium’ has been discovered by scientists in human body. This will be known as 80th organ in a human body.
The organ is discovered while searching for signs of cancer by investigating patient’s bile duct.
Interstitium organ will help to find how cancer spreads in the human body and pave way for new ways to detect and treat the disease.
3. India emerged as 3rd Most Valuable Country to Cyber Threats
As per the recent internet security threat report, India has moved up by one place over previous year as third most vulnerable country in terms of risk of cyber threats.
The report is published by Symantec which is a security solution provider.
Most vulnerable country to such cyber attacks is United States with 26.61% global threats. In India, detected global threats were 5.09%.
4. Sounding Rocket RH300 launched for Atmospheric Studies
The RH-300 sounding rocket which is developed by ISRO’s Vikram Sarabhai Space Centre (VSSC) was launched in Thiruvananthapuram, Kerala from Thumba Equatorial Rocket Launching Station.
The RH-300 rocket launched under SOUREX programme for atmospheric studies.
Through this experiment, measures will be taken of neutral wind in dynamo region of the equatorial ionosphere by using indigenously developed ENWI (Electron Density and Neutral Wind Probe).
5. UTTAM App launched by Piyush Goyal for Coal Quality Monitoring
Shri Piyush Goyal (Union Minister for Railways and Coal) has launched the UTTAM (Unlocking Transparency by Third Party Assessment of Mind Coal) App for coal quality monitoring.
This app is developed by Coal India Limited (CIL) and the Ministry of Coal to monitor the process of third party sampling of coal across CIL subsidiaries.
UTTAM App ensures effectiveness, efficiency, accountability and transparency in ecosystem. It will provide a platform for monitoring of sampling and coal dispatches.
6. Pradhan Mantri Ujjwala Yojna (PMUY) launched in New Delhi
The Ministry of Petroleum and Natural Gas launched Pradhan Mantri Ujjwala Yojana in New Delhi. It was inaugurated by Minister of Petroleum and Natural Gas Dharmendra Pradhan.
Motive of this scheme is to provide free LPG (cooking gas) connections to women from BPL Households. Cash assistance is given to beneficiaries to get a deposit-free new connection.
Cabinet Committee on Economic Affairs (CCEA) had approved to enhance target base of Pradhan Mantri Ujjwala Yojana from 5 crores to 8 crores in February 2018.
7. UIDAI launched Digitally Signed QR Code with photo on E-Aadhaar for easier offline verification
To facilitate offline verification of an individual in a better way, the Unique Identification Authority of India (UIDAI) has brought in secured digitally-signed QR Coded on e-Aadhaar.
The secured feature will now contain a photograph of the Aadhaar holder too, in addition to demographic details.
A very small QR code will be on the front side of cutaway portion of e-Aadhaar
8. Project Dhoop launched by FSSAI to address Vitamin D Deficiency Amongst Youngsters
In order to address rising incidence of Vitamin ‘D’ Deficiencies (VDD), amongst the youngsters, the Food Safety and Standards Authority of India (FSSAI) has launched a unique initiative named ‘Project Dhoop’ in association with NCERT, NDMC, and North MCD Schools.
The initiative impulses schools to change their morning assembly to noon time mainly between 11 am and 1 pm to ensure maximum absorption of Vitamin D in students through natural sunlight.
9. New Website & Mobile APP of National Commission for Safai Karamcharis Launched
Shri Thaawarchand Gehlot (Union Minister for Social Justice and Empowerment) launched the New Website & Mobile APP of National Commission for Safai Karamcharis.
As per Central Government Guidelines for official websites, this new website is very user-friendly and will give complete details about the Commission viz. its composition, mandate, manner of filing complaints, details of visits undertaken by its Chairman and Members, etc.
10. New launch of India’s First High Speed Electric Locomotive of 12000HP Capacity
Prime Minister Narendra Modi flagged off Indian Railways’ first high-speed electric locomotive of 12000 HP capacity which is developed at the Electric Locomotive Factory, a collaboration between India and France, in Madhepura.
After launching this electric locomotive, India joined the countries like China, Russia, Sweden, Germany which have 12,000HP or above electric locomotives.
Before this, in Indian Railways, the most powerful electric engine was of 6,000 HP.
11. ISRO has launched Navigation Satellite IRNSS-1l
IRNSS-1I (Indian Regional Navigation Satellite System – 1I) launched by Indian Space Research Organization.
It was launched from the first launch pad at the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.
12. Fourth and Final Orbit raising operations of IRNSS – 1 carried out by ISRO
The fourth and Final orbit raising operation of IRNSS -1 is successfully carried out by the Indian Space Research Organization (ISRO).
IRNSS – 1 is the last and the eighth navigation satellite of India with targeted perigee height of 35, 381 Km and apogee height of 35, 793 Km.
13. NASA is going to launch a washing machine sized spacecraft
The Transiting Exoplanet Survey Satellite (TESS) is launched by NASA which is a washing machine sized spacecraft.
The goal of the program to expand the mankind search for planets beyond the solar planet and to scan more than 200000 of the brightest stars for next two years.
TESS is the second phase of the Kepler Spacecraft which is running on low fuel currently and is near to the end of life.
14. Suzlon Commissions 626 MW Wind Power Projects in 2018
The Renewable Solution provider Suzlon has claimed the highest installations of 626 MW of the Wind Power Projects in 2018.
A market share of 35 % is gained by the Suzlon compromising the various challenges faced due to the shift from feed-in- tariff (FIT) to the bidding Regime.
15. China is going to launch the Weather Satellite named Fengyun- 2nd 09
China Space Agencies has announced to launch a new Weather Satellite named Fengyun -2nd 09 this year to make advancement in the Weather Forecasting process.
Fengyun -2nd 09 works in the geostationary orbit and collects the meteorological, maritime and hydrological data.
16. Plastic Eating Enzymes developed by the Scientists
The Scientist of the United States and Britain are working on the project for consumption of Plastic and nearly got succeed. They have discovered an enzyme called ‘PETase’ that can easily digest plastic creating pollution.
The Researchers from US Department of Energy’s National Renewable Energy Laboratory (NREL) and Britain’s University of Portsmouth were working on this project.
17. India & France jointly to work on Mission Mars & Venus
The Indian Space Research Organization (ISRO) and French Space Agency National D’ Etudes Spatiales (CNES) are jointly working on the mission to Mars and Venus.
The joint mission to the planets is a part of the 14 MoUs signed previously between the countries during the visit of French President Emmanuel Macron’s visit to India, including the defense and nuclear project worth INR 1 lakh crore.
18. India & US set up a joint task force on natural gas
US and India have decided to promote the joint task force on natural gas to promote the strategic and economic interest of the two nations.
19. Indian Scientists discovered the medicine to cure dengue
Indian Scientists got success in generating the cure of Incurable Disease Dengue by Ayurvedic Method.
Dengue is the world’s fastest growing mosquito growing disease caused by the Aedes Aegypti mosquito which breeds in the clean water.
The Research has been done by the Central Council for Research in Ayurvedic Sciences (CCRAS) which works under Indian Council of Medical Research (ICMRs) and Ministry of Ayush.
20. NASA Launched CHESS mission to study matter between stars
The American Space Agency NASA (National Aeronautics and Space Administration) launched the CHESS 4 (Colorado High Resolution Echelle Stellar Spectrograph) successfully from the Islands of Republic of the Marshall
The mission is to study the interstellar medium (the matter between the stars).
21. Researchers develop a potent molecule to treat chikungunya
Researchers from Indian Institute of Technology (IIT) Roorkee have identified two small potent molecules Pep-I and Pep-II for their inhibitory activity to treat Chikungunya disease.
The antiviral activity of these molecules was so high that their small amount was able to achieve almost 99% reduction in the virus. Currently, there are no drugs to treat chikungunya or any vaccine to prevent it.
The antiviral activity was tested by adding molecules directly into virus culture. During studies, it was confirmed that both molecules have significant ability to kill virus.
22. Scientists identify four bacterial strains to remove sulphur from fossil fuels
Scientists from CSIR-Institute of Minerals and Materials Technology (CSIR-IMMT) have discovered four bacterial strains that remove sulphur from fossil fuel such as petroleum and coal. Sulphur is one of the major pollutants emitted during the combustion of fossil fuels.
Researchers were also able to identify the process of bio-desulfurization of these bacterial strains through specific pathway (4-S pathway).
These bacterial strains can be potentially used on commercial scale for removal of sulphur from fossil fuels on commercial
23. Air Force Exercise Gaganshakti-2018 concluded
The Indian Air Force conducted pan India Exercise Gagan Shakti-2018 from 08-22 Apr 2018.
The aim of the exercise was real-time coordination, deployment and employment of air power in a short and intense battle scenario.
The focus of the exercise was to check the viability of operational plans and learn meaningful lessons.
24. Bangladesh is going to launch its first satellite on May 7
Bangladesh will become a member of the exclusive club of satellite-owning countries as it is going to launch first commercial satellite “Bangabandhu-1″ to space on May 7 from the US.
The satellite will be launched from Florida’s Cape Canaveral.
Bangladesh had signed a 14-billion-taka (about $180 million) loan agreement with the Hong Kong and Shanghai Banking Corporation (HSBC) in September 2016, to finance the country’s first-ever satellite “Bangabandhu-I”.
25. Indo Malaysian Joint Training Exercise HARIMAU SHAKTI 2018
As part of ongoing Indo-Malaysian defence cooperation, a joint training exercise Harimau Shakti is conducted in the dense forests of Sengai Perdik, Hulu Langat, Malaysia from 30 April 18 to 13 May 18.
The aim of the exercise is to boost cooperation & coordination between armed forces of both the nations and to share the expertise of both the contingents in the conduct of counter-insurgency operations in jungle terrain.
26. Coastal Security Exercise ‘Sagar Kavach’ held in Kerala
A two-day coastal security exercise ‘Sagar Kavach’ was held to strengthen and assess the loopholes in the coastal security mechanism along Kerala shores.
The Navy, Coastal Police and Marine Enforcement wing and various other security stakeholders were also participating in the exercise.
27. Giant Mosquito Measuring 11.15 cm Wingspan was Discovered in China
Scientists have discovered a giant mosquito with a wingspan of 11.15 centimeters in China’s Sichuan province.
The mosquito belongs to the world’s largest mosquito species Holorusia Mikado.
This species mosquito was first found in Japan and normally have a wingspan of about 8 centimeters.
28. World’s Smallest Land Fern found in the Western Ghats
Scientists have discovered the world’s smallest land fern named Malvi’s adder’s-tongue fern (Ophioglossum malviae) in Ahwa forests of the Western Ghats in Gujarat’s Dang district.
Ferns are seasonal and mostly grow with first monsoon rains.
29. Fejervarya Goemchi: New frog species discovered in Goa
Scientists have identified a new species of frog called Fejervarya goemchi in the highland plateaus of the Western Ghats parts of Goa.
It has been named after state of Goa where the species is discovered.
It was identified using combination of morphology, geographic distribution range and molecular methods to distinguish from other Fejervarya species found in South and South-East Asia.
Sports Current Affairs | Read all the Major Achievements in Popular Tournaments
|1.||Telangana Sports Journalists Association Annual Awards||Mithali Raj|
|2.||Gold Medal in Weightlifter Commonwealth Games 2018||Sathish Sivalingam|
|3.||Gold in Commonwealth Games 2018||Indian Badminton Squad|
|4.||First Gold Medal Weightlifter Commonwealth Games 2018||Mirabai Chanu|
|5.||Second Gold Medal Weightlifter Commonwealth Games 2018||Sanjita Chanu|
|6.||Gold Coast Commonwealth Games||Indian Women Hockey Team|
|7.||Gold in 25m Pistol Jr World Cup||Muskan Bhanwala|
|8.||Lifted Sixth Santosh Trophy Football||Kerala|
|9.||South East Asian Women Handball Championship||India|
|10.||Won Silver (Weightlifter) Commonwealth Games 2018||P.Gururaja|
|11.||3 Gold, 1 Silver & 2 Bronze in Table Tennis Commonwealth Games 2018||Indian Women’s Table Tennis Team|
|12.||5th Gold in Weightlifting Commonwealth Games 2018||Punam Yadav|
|13.||Gold in 25m Pistol Shooting Event Commonwealth Games 2018||Heena Sidhu|
|14.||Women’s Double Trap Gold in Shooting Commonwealth Games 2018||Shreyasi Singh|
|15.||Bronze medal in Men’s 50m Pistol Event Commonwealth Games 2018||Om Prakash Mitharval|
|16.||World No.1 Indian to Reach Top Spot in Men’s Badminton||Kidambi Srikanth|
|17.||India’s Youngest Weightlifting Medalist||Deepak Lather|
|18.||India’s 1st Wrestling Gold in Commonwealth Games 2018||Rahul Aware|
|19.||5th Gold in Wrestling CWG 2018||Bajrang Punia|
|20.||Youngest Indian Gold Medalist in Shooting||Anish Bhanwala|
|21.||Gold in 50m Rifle Positions event at CWG 2018||Sanjeev Rajput|
|22.||Gold in Boxing at CWG 2018||Mary Kom|
|23.||Gold in Javelin Throw at CWG 2018||Neeraj Chopra|
|24.||Silver in 60 Kg Boxing at CWG 2018||Manish Kaushik|
|25.||2nd Gold in Boxing at CWG 2018||Gaurav Solanki|
|26.||Gold Medal in 21st Commonwealth games in Badminton||Saina Nehwal|
|27.||India’s 21st Commonwealth games campaign ends with||66 Medals|
|28.||Commonwealth Games Concluding ceremony held at||Gold Coast|
|29.||Entered the top 100 list of Tennis Rankings||Yuki Bhambri|
|30.||Cricketer Fined for Playing against team||Mohammad Shahzad|
|31.||Won the Chinese Grand Prix||Daniel Ricciardo|
|32.||Official Mascot for FIBA Basketball World Cup||Son of Dreams|
|33.||Federation Cup Junior National Athletics Meet organized by||Tamil Nadu Athletics Association (TNAA)|
|34.||Game to be excluded by the Birmingham Organizing Committee of CWG||Shooting|
|35.||Monte Carlo Masters’ Winner (Tennis)||Rafael Nadal|
|36.||8th South Asian Judo Championship Winner||India|
|37.||2021 Champions Trophy (Cricket) to be held in||India|
|38.||Professional Footballers’ Association (PFA) Player of The Year||Mohamed Salah|
Awards and Honours | Fetch the List of Top Awardees in Distinct Fields
|S.No.||Awards Names||Awardees Names||Pictures|
|1.||World’s Second Largest Mobile Producer||India|
|2.||Ranks 37th in Global Startup Ecosystem in 2017||India|
|3.||Becomes Second Largest Manufacturer of Crude Steel||India|
|4.||Padma Bhushan Award||MS Dhoni|
|5.||Padma Award||Ramli Ibrahim|
|6.||Padma Shri Award||Damodar Ganesh Bapat|
|7.||India’s first city to roll-out Euro VI Fuel||Delhi|
|8.||Ranks 130 in Economic FREEDOM Index 2018||India|
|9.||Dadasaheb Phalke Excellence Award||Anushka Sharma|
|10.||Becomes the first foreign bank in the UK to ringfence its retail division||SBI (UK)|
|11.||World’s Largest Proposed Solar Park||Gujarat|
|12.||Entered the Club of Top 20 Airports Across the World||Indira Gandhi International Airport|
|13.||Dadasahed Phalke Award||Actor Vinod Khanna|
|14.||65th National Film Awards (Best Actress)||Shri Devi for MOM|
|15.||65th National Film Awards (Best Actor)||Riddhi Sen for Nagar Kirtan|
|16.||65th National Film Awards (Best Hindi Language Film)||Newton|
|17.||65th National Film Awards (Best Action Direction, Best Popular Film & Best Special Effects||Baahubali|
|18.||Raj Kapoor Lifetime Achievement Award||Dharmendra|
|19.||Raj Kapoor Special Contribution Awards||Raj Kumar Hirani|
|20.||Highest Paying City for Talent||Bengaluru|
|21.||BAFTA Special Awards||Game of Thrones|
|22.||10th Rank in Commonwealth Innovation Index||India|
|23.||India’s First District with complete LED Lightning.||East Godavari|
|24.||Banco Award for the best cooperative performing Bank||Bhuj Mercantile Coop Bank|
|25.||Pulitzer Prize for Public Service||New York Times and The New Yorker|
|26.||Dadasaheb Phalke Award for the Best Leading Lady||Aditi Rao Hydari.|
|27.||Pulitzer Prize for Fiction||Andrew Sean Greer|
|28.||Won Elections in UN Subsidiary||India|
|29.||First rapper to win the Pulitzer Prize||Kendrick Lamar|
|30.||India Talent Management Award 2018||Rana Kapoor|
|31.||India’s most Trusted Bank||SBI Bank|
|32.||World’s largest 6th Economic Country||India|
|33.||Most Film Friendly State Award||Madhya Pradesh|
|34.||Life time contribution to Media Awards||Indu Jain|
|35.||Kayakalp Award is given away by||Nadda|
|36.||First Indian Company with USD 100 billion market cap||Tata Consultancy Services (TCS)|
|37.||First Indian Filmmaker in Madame Tussauds Collection||Karan Johar|
|38.||India’s first cashless island||Manipur’s Karang|
|39.||India’s best Gram Panchayat||West Bengal’s Digambarpur Gram Panchayat|
|40.||International SME Convention – 2018 was held in||New Delhi|
|41.||2018 UNESCO/Guillermo Cano World Press Freedom Prize||Mahmoud Abu Zeid|
|42.||India’s Rank in World Press Freedom Index 2018||138th|
|43.||National Intellectual Property (IP) Award 2018||CSIR|
|44.||2017 Saraswati Samman||Gujarati poet Sitanshu Yashaschandra|
|45.||20th Rank of an Indian in ‘50 World’s Greatest Leaders of 2018’ List||Indira Jaising|
|46.||Dadasaheb Phalke Excellence Awards 2018: Best actor (male)||Shahid Kapoor|
|47.||Dadasaheb Phalke Excellence Awards 2018: Best Director||Ashwiny Iyer Tiwari|
|48.||India’s Most Attractive Employer||Microsoft|
|49.||Most Trusted Internet Brand in India|
Appointments Latest GK Updates | Upgrade Your Knowledge Cart with the List of Top Influencers
|S.No.||Position & Organization||Name||Pictures|
|1.||Appointed the Chairman of the Central Panel of the 65th National Film Awards||Shekhar Kapur|
|2.||New President of Nasscom||Debjani Ghosh|
|3.||1st Female UN Political Chief||Rosemary DiCarlo|
|4.||Appointed as Deputy Collector in Andhra Pradesh||Shuttler Kidambi Srikanth|
|5.||Next Ambassador of India to Serbia||Subrata Bhattacharjee|
|6.||New MD & CEI of SBI Life||Sanjeev Nautiyal|
|7.||BAI President||Himanta Biswa Sharma|
|8.||New President of Sierra Leone||Julius Maada Biio|
|9.||New DG of ICMR||Balram Bhargava|
|10.||New BFA Chairman||Ban Ki-moon|
|11.||Chairman of Banks Board Bureau||Bhanu Pratap Sharma|
|12.||Appointed as Nasscom Chairman||Rishad Premji|
|13.||UN Responsible Tourism Ambassador||Lionel Messi|
|14.||New Director General of CISF||Rajesh Ranjan|
|15.||New Member of UPSC||M Sathiyavathy|
|16.||Rajya Sabha Member for new term||Arun Jaitley|
|17.||Principal Scientific Adviser||Vijay Raghavan|
|18.||Appointed as Youth Ambassador of Common Wealth||Prince Harry|
|19.||Took charge as DG of NCC||Lt. Gen P.P Malhotra|
|20.||CFO at Indian Overseas Bank||C Haridas|
|21.||Elected as IWPC President||TK Rajalakshmi|
|22.||Next ambassador of India to Nicaragua||Ravi Thapar|
|23.||Next Ambassador of India to Turkey||Sanjay Bhattacharya|
|24.||Next Ambassador of India to Egypt||Rahul Kulshrestha|
|25.||New Secretary Gen. Of FICCI||Dilip Chenoy|
|26.||New NASA Chief||Jim Bridenstine|
|27.||Cuba’s new President||Miguel Diaz Canel|
|28.||Paraguay’s president||Mario Abdo Benitez|
|29.||1st woman lawyer to be Supreme Court judge||Indu Malhotra|
|30.||New US Secretary of State||CIA Chief Mike Pompeo|
|31.||Who resigned as the President and whole-time director of IndiGo||Aditya Ghosh|
|32.||Brand Ambassador for Haryana’s Health Programmes||Shooter Gauri Sheoran|
|33.||1st woman firefighter of the Airport Authority of India (AAI)||Taniya Sanyal||
Important Days & Dates | Mark them to Boost up your General Knowledge
|1.||Prevention of Blindness Week||1 April|
|2.||World Autism Awareness Day||2 April|
|3.||World Rat Day||4 April|
|4.||Indian National Maritime Day||5 April|
|5.||World Health Day||7 April|
|6.||National Safe Motherhood Day||11 April|
|7.||Jallianwala Bagh Massacre Day||13 April|
|8.||B.R. Ambedkar Remembrance Day||14 April|
|9.||World Hemophilia Day||17 April|
|10.||World Heritage Day||18 April|
|11.||World Liver Day||19 April|
|12.||Chinese Language Day||20 April|
|13.||Civil Service Day||21 April|
|14.||World Earth Day||22 April|
|15.||World Book and Copyright Day||23 April|
|16.||National Panchayati Raj Day||24 April|
|17.||World Malaria Day||25 April|
|18.||World Intellectual Property Day||26 April|
Recent Deaths of Famous Personalities | Know who died today?
|1.||Veteran Tamil Film Director C.V. Rajendran|
|2.||Former Guatemala Dictator Rios Montt.|
|3.||Malayalam Actor Kollam Ajith|
|4.||Veteran Dravida Munnetra Kazhagam S. Madhavan|
|5.||Ram Kumar – Senior Artist|
|6.||Nihal Singh- Veteran Journalist|
|7.||Barbara Bush- Former US First lady|
|8.||TVR Shenoy- Veteran Journalist|
|9.||Bhimsain Khurana – Indian Animation|
|10.||Rajinder Sachar – Former Delhi Chief High Court Justice|
|11.||Nabi Tajima – World’s oldest person|
|12.||Amita Udgata – TV actor|
GK Eduwrap will help you keeping aware about all the major happenings of the country and the world and update your current affairs/general knowledge.
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