October 18, 2018

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NATIONAL NEWS

  1. Minister of State for Culture Mahesh Sharma and Minister of Housing and Urban Affairs Hardeep Singh laid the foundation for the construction of a museum for All Prime Ministers of the country at the Teen Murti Estate in New Delhi.

 

  1. Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM), Ministry of Rural Development(MoRD) and Lady Irwin College signed a Memorandum of Understanding (MoU) to establish Roshni – Centre of Women Collectives led Social Action.
    • Roshni aims to work with women collectives for social action on Food, Health, Nutrition and WASH (FHNW) interventions in line with DAY-NRLM Dashasutra (10 principles) strategy.
  1. According to a report on ‘Public Health and Nutrition – Freeing Future Generations from Malnutrition’ compiled by the NGO Sukarya, more than 40 % of the world’s stunted children live in India.
    • As per the report, poor nutrition causes 45 % of deaths among children below 5 years.

 

  1. Central govt. had announced its plan to set up a panel of judges headed by the Justice J.S. Verma to look into the legal and institutional framework to control sexual harassment at workplaces after the impact of #MeToo campaign.
    • This will ensure that women are protected against sexual harassment at all the work places in both Public and private.

 

  1. India, the world’s sixth largest economy, has jumped five ranks to secure 58th rank on 2018 edition of annual Global Competitiveness Index by the World Economic Forum (WEF)
    • India Scored 0 in the latest Global Competitiveness Index.
    • This is the largest gain among all G20 economies.
    • US topped the Index, Singapore and Germany followed it.

  1. Indian victims of “faulty” hip implants sold by healthcare giant Johnson and Johnson (J&J) may get as much as ₹1.2 crore each in compensation, according to a formula devised by a government panel of experts.
    • The minimum compensation in case of a disability will be ₹33 lakh.
  1. Mahindra and Mahindra Ltd. and Ford Motor Co. have formed a strategic alliance on powertrain sharing and connected car solutions.
    • Mahindra Group will develop and supply a low-displacement petrol engine to Ford India for use in its present and future vehicles starting in 2020.
  1. Rajasthan’s outbreak of Zika Virus is largest in India as it has affected nearly 100 people.
    • This Zika Virus outbreak is related to the virus that caused the Brazilian outbreak (largest outbreak of zika)
    • Before this, a strain from a patient in Gujarat, sequenced partially by the NIV, was found to be close to a Malaysian Zika strain, isolated in 1966.
    • Zika is a viral infection caused by the Aedes Aegypti mosquito, which also transmits dengue and chikungunya and breeds in open, stagnant water.
    • The infection was first detected in Uganda in 1947 in monkeys and was detected in humans five years in 1952.
  1. The Supreme Court has barred State governments from diverting money collected by the Compensatory Afforestation and Management Planning Authority (CAMPA) meant for environmental protection, rehabilitation of displaced persons due to issues like depletion of forest, mining, etc.

 

  1. Kerala is set to become the first smoke-free State with public sector oil companies eyeing 100% LPG penetration.
    • With three bottling plants at Kochi, Kozhikode, and Kollam, LPG is being brought to 49.79 lakh customers.

 

INTERNATIONAL NEWS

 

  1. China has successfully tested the world’s largest unmanned transport drone which can carry a payload of 5 tonnes.
    • A commercial drone Feihong-98 (FH-98) developed and modified by the China Academy of Aerospace Electronics Technology.
  1. Canada became the first industrialized nation to legalize recreational Cannabis.
  • It has become the second country after Uruguay to legalize possession and use of recreational cannabis.

 

  1. India and China will resume the annual joint Army exercise ‘Hand-in-Hand’ in December in China’s Chengdu region.
    • The drill was cancelled last year due to tense relations in the aftermath of the Doklam standoff.

 

BANKING AND ECONOMY

  1. Bharat Sanchar Nigam Ltd (BSNL) signed a Memorandum of Understanding with Nokia Solutions and Networks India Pvt Ltd to leverage Industry 4.0 for manufacturing excellence at Nokia’s factory in Oragadam, about 60 km south-west of Chennai.
    • Industry 4.0 relies on low-latency, high-reliability networks as well as capabilities in robotics and artificial intelligence to drive new levels of automation and data exchange in manufacturing industries, resulting in improved operational efficiency and reduced costs.
  1. Mobile wallet users will soon be able to transfer funds from one wallet to another using Interoperability of Prepaid Payment Instruments.
    • Interoperability enables payment systems to be used in conjunction with other payment systems.
    • It allows PPI issuers, system providers and system participants from different systems to undertake, clear and settle transactions across systems without participating in multiple systems.
    • Once PPI is implemented, users will be able to transfer funds between wallets and also from their wallets to bank accounts.
    • This means Users don’t have to download another wallet if they already use an e-wallet.
  1. IL&FS Crisis — Infrastructure Leasing & Financial Services Ltd.
    • Infrastructure Leasing & Financial Services Limited is an Indian infrastructure development and finance company. It operates through more than 250 subsidiaries.
    • IL&FS Financial Services defaulted in payment obligations of bank loans (including interest), term and short-term deposits and failed to meet the commercial paper redemption obligations due on September 14.
    • In the process, it has built up a debt-to-equity ratio of 18.7 and is sitting on a debt of around Rs 91,000 crore or $12.6 billion.
    • State-owned LIC is the biggest shareholder in IL&FS, with a 3% stake, while SBI held 6.4%.
    • Also, the government replaced the Board of IL&FS with new Board headed (Chairman) by Uday Kotak.
    • Chartered accountants’ apex body ICAI has constituted a nine-member panel to study the systemic issues in the IL&FS crisis.
    • The Committee is headed by S B Zaware.

 

  1. Reliance Industries Ltd. (RIL) has announced strategic investments of worth more than ₹5,230 crore in DEN Networks Ltd. and Hathway Cable and Datacom Ltd. to support the expansion of Reliance Jio’s JioGigaFiber service.

 

 

APPOINTMENTS

  1. Vasudevan has been appointed as the President of Volleyball Federation of India and hold office till 2021.
  2. Reliance Industries Limited (RIL) has appointed former State Bank of India (SBI) Chairman Arundhati Bhattacharya as an Independent Additional Director of the company.

 

 

AWARDS

 

  1. Anna Burns becomes the First Northern Irish writer to win the 50th Man Booker Prize for her Novel Milkman.
  2. Music director Mohammed Zahur Khayyam Hashmi known as ‘Khayyam’, was named for 2018 Hridaynath Award for Lifetime Achievement.
  • The award consists of a cash prize of Rs 100,000 and a memento.

 

  1. Kulgod in Karnataka’s Belagavi district with PIN Code 591310 is the most developed village in the country under the Antyodaya scheme of the Centre.
    • This has been found out in an ongoing Rural Development Ministry survey.
    • The Rural Development Ministry has done a gap analysis of more than 3.5 lakh villages, in more than 1.6 lakh panchayats under the Mission Antyodaya convergence scheme.

SPORTS

 

  1. Suheil F. Tandon has won the International Olympic Committee’s Sport and Active Society Commission’s Grant Award for his contribution to sports for development.
    • The International Olympic Committee, which is committed to building a better world through sport, redistributes more than 90 percent of its income to the wider sporting movement, to help athletes and sports organisations at all levels around the world.

 

MISCELLANEOUS

  1. BepiColombo Mission – It is a first mission of its kind by European Space Agency to Mercury.
    • A UK-built spacecraft will determine if the nearest planet to the Sun contains water.
  1. Bathukamma is floral festival celebrated predominantly by the Hindu women of Telangana and some parts of Andhra Pradesh.