May 17, 2018

WORD OF THE DAY

 

THE BENJAMIN FRANKLIN EFFECT

A psychological phenomenon named after Benjamin Franklin, this proposes that a person who has once done you a kindness will be more ready to do you another than a person whom you yourself have obliged.

Courtesy: Mint

 

NATIONAL NEWS

  1. As per the Swachh Survekshan-2018 results, Indore has once again emerged as the cleanliest city in India.
    • Bhopal – 2nd and Chandigarh – 3rd
    • Vijaywada in Andhra Pradeshis India’s cleanest big city with a population of over 10 lakh
    • Ghaziabad, Uttar Pradesh – Fastest Mover big City
    • Jharkhand has been declared as the best-performing state, followed by
    • New Delhi Municipal Council – India’s Cleanest Small City
  2. Swachh Survekshan 2018 – National Level Winners:
Award Category (in terms of population) City Name
India’s Cleanest City    –  No.1 National Indore (Madhya Pradesh)
India’s Cleanest City    –  No.2 National Bhopal (Madhya Pradesh)
India’s Cleanest City    –  No.3 National Chandigarh
India’s ‘Cleanest big City’ Greater than 10 Lakh Vijaywada (Andhra Pradesh)
India’s ‘Fastest Mover’ big City Greater than 10 Lakh Ghaziabad (Uttar Pradesh)
India’s Best City in ‘Citizens Feedback’ Greater than 10 Lakh Kota (Rajasthan)
India’s Best City in ‘Innovation & Best Practices’ Greater than 10 Lakh Nagpur (Maharashtra)
India’s Best City in ‘Solid Waste Management Greater than 10 Lakh Navi Mumbai (Maharashtra)
India’s Cleanest Medium City 3 – 10 Lakh Mysuru (Karnataka)
India’s ‘Fastest Mover’ Medium City 3 – 10 Lakh Bhiwandi (Maharashtra)
India’s Best City in ‘Citizens Feedback’ 3 – 10 Lakh Parbhani (Maharashtra)
India’s Best City in ‘Innovation & Best Practices’ 3 – 10 Lakh Aligarh (Uttar Pradesh)
India’s Best City in ‘Solid Waste Management 3 – 10 Lakh Mangalore (Karnataka)
India’s Cleanest Small City 1 – 3 Lakh New Delhi Municipal Council
India’s ‘Fastest Mover’ Small City 1 – 3 Lakh Bhusawal (Maharashtra)
India’s Best City in ‘Citizens Feedback’ 1 – 3 Lakh Giridih (Jharkhand)
India’s Best City in ‘Innovation & Best Practices’ 1 – 3 Lakh Ambikapur (Chhatisgarh)
India’s Best City in ‘Solid Waste Management 1 – 3 Lakh Tirupati (Andhra Pradesh)
Cleanest State Capital/UT Capital Cities/UTs Greater Mumbai (Maharashtra)
Fastest Mover State Capital/UT Capital Cities/UTs Jaipur (Rajasthan)
Best State Capital/UT in Citizens Feedback Capital Cities/UTs Ranchi (Jharkhand)
Best State Capital/UT in ‘Innovation & Best Practices’ Capital Cities/UTs Panaji (Goa)
Best State Capital/UT in ‘Solid Waste Management’ Capital Cities/UTs Greater Hyderabad (Telangana)

 

  1. A “Guidebook for Creating a Child-Friendly and Protective Environment for Children in Contact with Railways’, was launched.
  2. The foundation stone of 2-km-long tunnel under the Zojila Pass in Jammu & Kashmir will be laid.
    • This tunnel will provide all-weather connectivity from Baltal in Kashmir to Minamarg near Gumri in Ladakh.
    • Zojila Pass connects Srinagar and Ladakh
  3. Telangana Chief Minister K Chandrashekar Rao announced setting up of a new Pay Revision Commission (PRC) for government employees.
    • Telangana Government will be giving special allowances to employees working in remote areas.
  4. Union Ministry of Environment, Forest and Climate Change, has formed 19 teams to take up cleaning of beaches, lakes and river fronts across India.
    • The 19 teams will undertake cleaning up of around 24 beaches in 9 coastal states and river fronts in 24 identified polluted stretches in 19 states.
  5. The Ministry of Housing and Urban affairs has announced that it has been able to achieve success in the Smart City Mission
    • 1,333 projects worth Rs.50,626 crores completed or under implementation.
    • 9Smart Cities viz. Ahmedabad, Rajkot, Vadodara, Visakhapatnam, Bhopal, Pune, Kakinada, Surat & Nagpur have already established Integrated City Command and Control Centres (ICCC)
  6. The Minister of Commerce and Industry Shri Suresh Prabhu launched an Intellectual Property Mascot named IP NANI at a conference of National Intellectual Property Rights Policy held in New Delhi.
    • Mascot IP Naniistech-savvy grandmother who helps in combating IP crimes with the help of her grandson “Chhotu” aka Aditya.
    • The IP mascot will spread awareness about the importance of Intellectual Property Rights (IPRs) among people, especially children, in an interesting manner.
    • The objective of the Policy is “IPR Awareness: Outreach and Promotion” on IPR for school children.
  1. The Union Ministry of Development of North Eastern Region (DoNER) sanctioned two projects worth Rs 48 crore to enhance tourism in Tripura.
    • The funds will be utilised to repair and develop two roads that link two tourism spots – Chabimura and Tirthamuk – at Amarpur sub-division in Gomati district.
  1. Union Minister of Agriculture and Farmers’ Welfare, Radha Mohan Singh addressed the National Conference of Fisheries Ministers of Coastal states, in New Delhi.
  2. Union Cabinet has approved strengthening Commercial Disputes Resolution mechanism of Central Public Sector Enterprises (CPSEs) inter se and also between CPSEs and other Government Departments and Organizations.
    • It replaces existing Permanent Machinery of Arbitration (PMA) mechanism and excludes disputes concerning Railways, Income Tax, Custom and Excise Departments from its ambit.
    • New Two Tier Mechanism
    • First level (tier): Such commercial disputes will be referred to a committee comprising secretaries of the administrative ministries to which the disputing parties belong and Law Secretary. For the prompt disposal of disputes, 3 months’ time schedule at this level has been prescribed.
    • Second level (tier): In case dispute remains unresolved, even after consideration by above Committee in first tier, it will be referred to Cabinet Secretary, whose decision will be final and binding on all concerned.
  3. The Cabinet Committee on Economic Affairs (CCEA) has given its approval for enhancement of budget by 11,330 crore for Network For Spectrum (NFS) project.
    • This is over and above 13,334 crore already approved by Cabinet Committee on Infrastructure in July, 2012.
    • With this, total budget for the network for Defence services has now gone up to Rs. 24,664 crore.
  4. According to the April 2018 data, prices of fruits and vegetables have increased the most, while pulses have become cheaper. Clothing and Fuel are also costlier.
  5. Explaining the reason for its March ruling preventing automatic arrests on complaints filed under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 (SC/ST Act), the Supreme Court observed that no Parliament could allow arrest without a fair procedure.
  6. Union Cabinet approved an ordinance which will replace the existing Central Council of Homoeopathy (CCH) with a board of governor.
  • The members of the board of governor will replace the existing functionaries of the CCH and will comprise seven persons who will be eminent homoeopathy practitioners and administrators.

 

 

INTERNATIONAL NEWS

  1. Microsoft Corp. is planning to release a line of lower cost Surface Tablets in second half of 2018 seeking a hit in market for cheaper devices.

 

  1. Saudi British Bank (SABB) and Alawwal Bank have agreed on a merger.
    • It would create Saudi Arabia’s third biggest lender.
  2. The President of Guatemala Jimmy Moralesinaugurated Guatemalan embassy in Jerusalem .
    • It is the secondcountry after US to do so.

 

BANKING AND ECONOMY

  1. Bombay Stock Exchange (BSE) has become the first Indian exchange to be recognised as a Designated Offshore Securities Market (DOSM) by the U.S. Securities and Exchange Commission (SEC).
    • DOSM status will allow sale of securities to US investors through trading venue of BSE without registration of such securities with US SEC.
  2. Smaller towns are driving growth for SBI Cards (a subsidiary of State Bank of India) which has been increasing its card numbers at a compounded annual growth rate (CAGR) of 40%.

 

 

APPOINTMENTS

  1. Indian American Congress woman Pramila Jayapal’s Sister Susheela Jayapal became the first South Asian to be elected in Oregon in the western US State.
  2. Uttam Pacharne has been appointed as regular Chairman of Lalit Kala Akademi
  3. Ambika Sharma will join U.S. Chamber of Commerce’s U.S.-India Business Council (USIBC) as Managing Director of India operations.
  4. Bharatiya Janata Party’s (BJP’s) legislative leader in Karnataka, B S Yeddyurappa was sworn in as the Chief Minister of Karnataka on May 17, 2018.
  5. Lachlan Murdoch would be the CEO and Chairman of New Fox
    • New Fox is the company named after part of the 21st Century Fox Inc.’s share has been sold to Walt Disney Co.
  6. Varun Berry has been re-appointed as the Managing Director of Britannia Industries Ltd.
  7. Govindarajan has been appointed as the Director of United India Insurance Company

 

IMPORTANT DAYS

  1. The World Telecommunication and Information Society Day – May 17
    • The theme for WTISD was“Enabling the positive use of Artificial Intelligence for All”.
  2. World Hypertension Day – May 17
    • This is an initiative of the World Hypertension League (WHL).
    • The theme for 2018 is: “Know Your Numbers”, with a goal of increasing high blood pressure (BP) awareness in all populations around the world.
  3. International Day against Homophobia, Transphobia and BiphobiaMay 17
    • Theme – Alliances for Solidarity
    • This day is observed to draw the attention of policymakers, opinion leaders, social movements, public and media to the violence and discrimination experienced by LGBTI (Lesbian, gay, bisexual, transgender and intersex) people all over the world.

AWARDS

  1. Chennaiyin FC’s head coach John Gregory was presented with a Special Achievement Award by England’s League Managers Association (LMA) at LMA’s 26th Annual Awards function in London.

 

SPORTS

  1. The first National Para Games as part of National Games for able-bodied Athletes, will be conducted under the Khelo India Scheme in June-July 2018 in Bengaluru, Karnataka.
  2. Atletico Madrid emerged as champions in the UEFA Europa League in Lyon, France.

 

MISCELLANEOUS

  1. A team of Indian scientists found a new frog species in a small industrial region in coastal Karnataka.
    • Named it as Microhyla kodial after the city of Mangaluru (called kodial in the Konkani language)

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