May 13, 2018

NATIONAL NEWS

  1. Aimed at empowering vulnerable and marginalized women by imparting skills training, the United Nations Development Programme (UNDP)has announced to set up a skill development centre at Bharosa,’ an integrated support centre for distressed women and children in Hyderabad.
    • ‘Bharosa,’an initiative of Hyderabad City Police, is a state-of-the-art centre to support women and children who are victims of violence.
  2. Indian Army has finalized a mega 15,000 crore rupees project under which a range of ammunition for its critical weapons and tanks will be produced indigenously.
    • 11 private firms would be involved in the ambitious project.
  3. High-Level Committee approved central assistance of Rs1,161 crore to 4 states and a Union Territory

Assam

Affected by floods during 2017-18

Rs 480.87 crore

Himachal Pradesh

Affected by floods/ landslides during 2017-18

Rs 84.60 crore

Rajasthan

Affected by Kharif drought during 2017

RS 526.14 Crore

Sikkim

Affected by floods/ landslides during 2017-18

Rs 67.40 Crore

Lakshadweep

Affected by cyclone Ockhi during 2017

2.16 Crore

 

  1. India has become the largest remittance-receiving country in the world, with migrant workers from the country sending home 69 billion US dollars in 2017
    • According to the report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, remittances to the Asia-Pacific region amounted to 256 billion dollars in 2017

DOWNLOAD THE CURRENT AFFAIRS FOR MAY 13, 2018 AS PDF

 

BANKING AND ECONOMY

  1. A state-run Chinese bank, Industrial and Commercial Bank of China (ICBC)has launched the country’s first India-dedicated publicly offered investment fund
    • The fund, named the ICBC Credit Suisse India Market Fund, will invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market.
    • It is China’s first publicly offered fund for investing in India.
  2. Fino Payments Bank launched a suite of digital products that can be accessed online and through mobile phones with the focus to build the transaction platform
    • The latest initiatives include Unified Payments Interface (UPI), BHIM app– using which customers can access UPI and make P2P payments, net banking, digi savings account
  3. Paytm introduced automatic recurring payments, a new feature that lets users configure the payments app to pay for periodic recurring expenses automatically.
    • Similar to standing instructions for bank accounts, the‘My Payments’ feature can be used for high-value payments for a variety of cases.
  4. The Ministry of Information and Broadcasting will set up a dedicated web portal for spreading information on filming locations and production facilities available in India.

 

AWARDS

  1. Melody queen Lata Mangeshkar was hohonoredith the Swara Mauli title

MISCELLANEOUS

  1. Noted Hindi film lyricist, Nandram Das Bairagi, popularly known as Balkavi Bairagi, passed away.
    • “Jhar gaye paat, bisar gayi tehni” written by him, is considered a gem.

 

COMMITTEES

  1. A 30 – Member Estimates Committee has been set up to study the recovery of Black Money and performance of public sector banks.
    • It is a Parliamentary Panel headed by Murli Manohar Joshi to look into the import of uranium for nuclear plants, mining activities and environment, upgrading of India Post offices and the drought situation in the country among other matters.
    • The committee is also known as Continuous Economy committee

 

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