May 30, 2018

WORD OF THE DAY

BIG UGLIES

Established industrial corporations in industries such as mining, steel and oil, which do not find much favour with investors, as opposed to technology stocks, which provide quick profits.

Courtesy: Mint

 

NATIONAL NEWS

  1. Railway’s Online Travel Portal, irctc.co.in has now launched beta version of its new User Interface.
    • By creating Next Generation e-Ticketing (NGeT)system the new online ticket booking system of Railways provides an easy and fast way of booking rail tickets by automating the journey planning and purchase of tickets
    • A user can now enquire/search trains and check the availability of seats without login also
    • More features such as new filters on ‘My Transactions’, Waitlist Prediction.
    • E-ticketing today constitutes about two-third of total reserved tickets on Indian Railways.
  2. RK Singh, Minister of State for Power, launched the web portal and an app namely ‘PRAAPTI’ that stands for ‘Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators’.
    • The portal ‘www.praapti.in’ has been developed to bring transparency in power purchase transactions between Generators and DISCOMs.

 

  1. The Ministry of Women and Child and Development, Government of India has signed a MoU with Department of Women and Child Development, Government of Uttar Pradesh, in New Delhi for management of Home of Widows at Sunrakh Bangar, Vrindavan.
    • The MoU shall be in force for a period of 2 years.
    • The Ministry of Women and Child Development has constructed this shelter home for widows with a capacity of 1000 inmates.
  2. Moody’s Investors Service report has cut India’s GDP growth forecast to 7.3% in 2018, from the previous forecast of 5% due to higher oil prices and tighter financial conditions.
    • Forecast for 2019 remains unchanged at 5%
  3. Union Tribal Affairs Minister, Jual Oram launched ‘the PANKHA’ (Hand-fans), an exhibition cum sale event, at Tribes India, New Delhi.
    • The Pankha has been created by TRIFED through its artisans from various parts of India.
  4. India is organizing an International Conference on Trade-Related Aspects of Intellectual Property Rights (TRIPs) convention on Biological Diversity (CBD) linkage in Geneva.
    • The objective is to talk with the World Trade Organization (WTO) on issues related to prevention of theft of traditional knowledge of Ayurveda and Naturopathy.
  5. India has released Rs 33.10 Crore to Nepal for 2 road packages of Birgunj – Thori Road implemented under Postal Highway Projects in Nepal.
  6. National Mineral Development Corporation and NLC ltd. (formerly known as Neyveli Lignite Corporation)signed a pact with Environment Clean Technologies Ltd. Of Australia in Canberra.
    • To set up a research and Development facility in Tamil Nadu.
  7. Aditya Puri, Managing Director of HDFC has appeared in the top 30 global CEOs list in the category ‘Growth Leaders’ released by Barron’s.
  8. Infosys has acquired US-based Wongdoody for up to $75 million.
  9. The Telecom Regulatory Authority of India (TRAI) in its draft Telecom Commercial Communication Customer Preference Regulation, 2018 has proposed the use of blockchain technology to check the menace of Unsolicited Commercial Communication (UCC) or spam calls and messages.
    • This will be for the first time, any country will deploy blockchain technology to check unwanted calls
  10. Importance of Monsoon for Indian Economy
    • The south-west monsoon accounts for over 70% of the country’s annual rainfall
    • Its arrival marks the beginning of the cultivation of rain-fed Kharif crops which are heavily dependent on the monsoon
    • India is primarily an agrarian economy— agriculture contributes 15% of India’s gross domestic product (GDP).
    • It will not only boost agricultural production but increase consumer demand, which will help keep inflation in check.
    • In IMD’s first long-range forecast, rainfall will be 97% of the 50-year average with a 54% probability that rains will be normal to above-normal.
    • There was rain deficit in the last two months of last year’s monsoon. Rainfall between 96% and 104% of the long-term average is considered normal.
  11. Jio, plans to enter the wired segment by providing fibre-to-the-home services by the end of this year.
  12. The government has decided to form a national task force comprising medical, veterinary and environmental experts and plans to make veterinary public health a part of the national health mission
    • The same has been done after outbreak of NIPAH Virus in Kerala
    • The unexpected nature of the occurrence of such diseases—termed zoonotic because they normally occur in animals but can infect humans
    • There is little information about their origin
    • Major public health zoonotic diseases in India include rabies, Nipah, Japanese encephalitis, plague and leptospirosis.
  13. The National Stock Exchange of India Ltd (NSE) and the Singapore Exchange Ltd (SGX) agreed before the Bombay High Court to take their dispute over SGX’s India-focused derivative products to arbitration.
    • The two exchanges agreed to appoint retired judge S.J. Vazifdar as arbitrator. 

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INTERNATIONAL NEWS

  1. Software giant Microsoft has surpassed Google’s parent company Alphabet in market capitalisation for the first time in three years. 
    • After Apple and Amazon.
    • Microsoft had a market cap of $753 billion.
  2. The 71st World Health Assembly, the decision-making body of World Health Organization (WHO) has adopted India’s Digital Health
    • The four major areas where India has implemented digital technology in healthcare are
      1. Health services delivery
      2. Compliance of people towards health and care
      3. Engagement of citizens in partnering with the government for planning and management of health services delivery
      4. Improving governance
  1. Social Media platform Facebook joined hands with National Commission for Women (NCW)to launch digital literacy programme in collaboration with Cyber Peace Foundation (CPF)
    • The training will be given to 60000 women in universities across major cities in Haryana, Delhi-NCR, Manipur, Sikkim, Meghalaya, Maharashtra and Tamil Nadu.
    • The training will be conducted in local languages.
  2. Malaysia ended a four-year hunt for the missing Malaysia Airlines flight MH370 after searching more than 80,000 square kilometres without finding any traces of the aircraft.


 

BANKING AND ECONOMY

  1. State Bank of India hiked its fixed deposit rates for selected tenures.
    • SBI will offer 65 %for 1 to 2-year term deposits from 6.4%.
    • Term deposits with 2-3 years with fetch 65% from 6.60% from earlier.
    • For Senior citizens the term deposits of 1-2 years will be fetching 15%from 6.9%.
    • FDs of 2-3 years will be getting interest rate of 15%.
  2. Facebook will be launching WhatsApp Pay, a payment service for its WhatsApp platform.
    • It will be partnering with HDFC, AXIS, ICICI and SBI banks.

 

APPOINTMENTS

  1. The Appointment Committee of the Cabinet (ACC) has appointed senior diplomat Pankaj Saran as Deputy National Security Advisor (NSA).

 

 

IMPORTANT DAYS

  1. Goa celebrates its Statehood Day as people’s demand for full statehood was attained on 30th May 1987, when Goa became India’s 25th state
    • Daman and Diu were separated from Goa and continue to be administered as a union territory.
    • Earlier Goa was a UT named as Goa, Daman and Diu.


 

AWARDS

  1. Indian Botanist Mr. Kamaljit Bawawas awarded the Linnean Medal in Botany from Linnean Society of 
    • He is the first Indian to receive this award.
  2. Thomas Antony, a cartoonist from Kerala, has won an international award, in the best caricature category, at the 13th edition of the World Press Cartoon awards held in Portugal.
  3. Indian cricketer Yuvraj Singh has been awarded the “most inspiring icon of the year for Social Welfare” award by the Dadasaheb Phalke International Film Festival (DPIFF).

 

SPORTS

  1. Top Indian discus thrower Vikas Gowda retired after competing at the highest level for more than 15 years, during which he became the first and only Indian male to win Commonwealth Games medal in the discipline.

 

MISCELLANEOUS

  1. Scientists from NASA have discovered a special kind of neutron star outside the Milky Way galaxy for the first time.
    • The neutron star is located within the remains of a supernova named 1E 0102.2-7219 (E0102)– in the Small Magellanic Cloud, which is 200,000 light years away from Earth.
  2. Researchers have found out mountain ranges and three vast, deep sub-glacial valleys hidden under the Antarctica ice.
    • The largest valley is named the Foundation Trough
  3. Urmila Singh, former Himachal Pradesh governor, died 

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