Header Ads

Daily Current affairs - January 20th, 2018 for all competitive exams

India Becomes 43rd Member of Australia Group
India was recently admitted as the 43rd member of the Australia Group, an informal bloc of countries that keeps a tight control over exports of substances used in the making of chemical weapons.
  • With its admission into the Australia Group, India is now part of three of the four key export control groups in the world. This includes the Missile Technology Control Regime—an informal and voluntary partnership among 35 countries that regulates trade in sensitive equipment and technologies to ensure there is no proliferation of missile and unmanned aerial vehicle technology capable of carrying payloads above 500kg for more than 300km. Last month, India joined the Wassenaar Arrangement, which is also an informal grouping of 42 countries, exercising control over the export of dual-use goods and technologies.
  • The only export control group that India is not a part of is the elite Nuclear Suppliers Group (NSG), which controls the export of sensitive nuclear technologies and equipment, with the aim of preventing nuclear weapons’ proliferation.
The Australia Group works to counter the spread of materials, equipment and technologies that could contribute to the development or acquisition of chemical and biological weapons (CBW) by states or terrorist groups. It was established in 1985.


MoE&IT announced Cyber Surakshit Bharat initiative
Recognizing the need to strengthen the cybersecurity ecosystem in India, the Ministry of Electronics and Information Technology (MeitY) has announced the Cyber Surakshit Bharat initiative in association with National e-Governance Division (NeGD) and industry partners.
  • Conceptualized with the mission to spread awareness about cybercrime and building capacity for safety measures for Chief Information Security Officers (CISOs) and frontline IT staff across all government departments, Cyber Surakshit Bharat will be operated on the three principles of Awareness, Education and Enablement. The primary objective is to keep our data safe and protected.


Union Government to come up with India’s first National Urban Policy framework
The Union government is set to come up with India’s first National Urban Policy framework by March this year.
  • The housing and urban affairs ministry has appointed a panel, headed by Smart City Mission Director Sameer Sharma, to develop the policy framework.
  • With the New Urban Agenda, India is looking internally and trying to see how we can align with it and come up with a National Urban Policy.
  • The National Urban Policy will focus on 10 main areas such as cooperative federalism, agglomeration economies, harnessing rural-urban continuum, inclusive growth, sustainability, empowering local-level institutions, sound housing and urban infrastructure finance system, social justice and gender equity, and robust urban information system.


India’s first-ever ‘Livability Index’ to rank 116 cities
Central Government announced the commencement of the country’s first-ever ‘Livability Index’ to rank 116 cities. The result of the exercise will be announced in June.
  • The Housing and Urban Affairs Ministry has decided to assess the livability standard of 116 Indian cities, which include the identified Smart Cities and few more cities with a population of over 1 million.
  • Among the cities to be assessed for the ‘Livability Index’, include Delhi’s three municipal corporations, Bangalore (Karnataka), Kochi (Kerala), Ghaziabad, Meerut, Varanasi, Allahabad and Lucknow (Uttar Pradesh) and Faridabad in Haryana.
The cities will be assessed on 15 core parameters like governance, social infrastructure, education, employment, health and safety and security.


Arun Jaitley Launches National CSR Data Portal & Corporate Data Portal
The Union Minister for Finance and Corporate Affairs, Arun Jaitley launched the National CSR Data Portal & Corporate Data Portal in Delhi.
  • This initiative is a significant step towards driving accountability and transparency for corporate India.
  • The portals’ easy accessibility to the general public will ensure a high level of compliance and will also help in institutionalising and consolidating the CSR activities.


India’s Financial Sector Assessment Program report released
The two main Reports of the 2017 India Financial Sector Assessment Programme (FSAP) – the Financial System Stability Assessment (FSSA) and Financial Sector Assessment (FSA), were recently released by the International Monetary Fund (IMF) and the World Bank. Last FSAP for India was conducted in 2011-12.
  • The Report providing ‘Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision’ has been released by the IMF and the World Bank and the Report providing ‘Detailed Assessment of Observance of Clearing Corporation of India Limited (CCIL) Central Counter Party (CCP) and Trade Repository (TR)’, was released by the World Bank.
  • The FSAP report acknowledges many efforts by Indian authorities like tackling Non-Performing Assets (NPAs), recent recapitalization measures for banks and introduction of special resolution regime, formalization of National Pension System (NPS) and making the pension sector regulator statutory, passing of Insolvency and Bankruptcy Code and setting up of Insolvency and Bankruptcy Board of India (IBBI), to name a few.
  • It appreciates initiatives such as ‘no frills’ account (under Jan Dhan Yojana), promoting digitization, introduction of unique biometric identification number (AADHAR), currency exchange initiative etc. It also recognizes the improved inter-agency co-operation since the establishment of Financial Stability and Development Council (FSDC), supported by its Sub-Committee and four technical groups and progress in setting up of Financial Data Management Centre (FDMC).
The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-depth assessment of a country’s financial sector. It is a joint program of the International Monetary Fund and the World Bank.
  • FSAPs analyze the resilience of the financial sector, the quality of the regulatory and supervisory framework, and the capacity to manage and resolve financial crises. Based on its findings, FSAPs produce recommendations of a micro- and macro-prudential nature, tailored to country-specific circumstances.


Odisha e-Hospital Management system launched
The state government launched Odisha e-Hospital Management Information System (OeHMIS) in which paperwork would be reduced and diagnostic reports, prescription details and doctor’s advices would be found at the click of a mouse.
  • The pilot project, launched by Chief Minister Naveen Patnaik, will get technical support of the Centre for the Development of Advanced Computing (CDAC).
  • Under the OeHMIS, patients can be registered online. They can view and download their individual Electronic Health Records through a web portal or mobile app.
  • The system will first be effective at Capital Hospital, Bhubaneswar and SCB Medical College and Hospital, Cuttack. The initiative will later be extended to other health institutions.


Election Commission recommends disqualification of 20 AAP MLAs
The Election Commission has recommended that 20 MLAs of the Aam Aadmi Party in Delhi be disqualified as they held offices of profit while being legislators.
  • President Ram Nath Kovind will make the final decision based on the recommendation.
In June 2016, the Congress had approached the Election Commission, alleging that 21 MLAs of the AAP had been appointed parliamentary secretaries in March 2015. In September 2016, the Delhi High Court set aside their appointments as parliamentary secretaries.
  • If an MLA or an MP holds a government office and receives benefits from it, then that office is termed as an “office of profit”.
  • Basic disqualification criteria for an MP are laid down in Article 102 of the Constitution, and for an MLA in Article 191. They can be disqualified for: a) Holding an office of profit under government of India or state government; b) Being of unsound mind; c) Being an undischarged insolvent; d) Not being an Indian citizen or for acquiring citizenship of another country.


London council votes for ‘Trump-free zone’
A local council in east London has voted in favour of declaring its area a “Trump-free zone” if the U.S. President was to visit the U.K.
  • Tower Hamlets Council, the local authority headed by the Opposition Labour party in what is known as London’s East End, unanimously voted in favour of an independent councillor’s motion to declare the borough “closed” to Donald Trump


US government officially shutdowns for first time in 5 years
The US government officially shutdown for the first time in five years after lawmakers failed to agree on a spending deal.
  • Despite last minute bipartisan meetings, the bill to fund the government until 16 February did not receive the required 60 votes in the Senate.
  • The House of Representatives voted 230-197 on to extend funding until next month, but the measure failed to pass the Senate.
  • Many government offices will close unless a compromise is found before the midnight deadline. However, essential services like national security, post, air traffic control, inpatient medical services, emergency outpatient medicine, disaster assistance, prisons, taxation and electricity production will continue.


INS Vikramaditya Formally Affiliated to Bihar Regiment
Indian Naval Ship Vikramaditya, the Indian Navy's largest ship and its sole aircraft carrier was formally affiliated to the Indian Army's highly-decorated and battle-hardened Bihar Regiment and the Indian Air Force's No 6 Squadron.
  • The ceremony was held onboard INS Vikramaditya at the Karwar Naval Base, Karnataka.


NASA – Kilopower project
NASA has announced new tests are underway for the Kilopower project, a program designed to create small nuclear power sources to fuel further space exploration.
  • A prototype, which was created by NASA and the Department of Energy, has completed non-nuclear tests and is now running with a real reactor core at a facility in Nevada.
The Kilopower project is a near-term technology effort to develop preliminary concepts and technologies that could be used for an affordable fission nuclear power system to enable long-duration stays on planetary surfaces.
  • The principal goal of the project is to sufficiently develop and test nuclear power system technologies by 2018 so fission power can be a viable option for NASA decision makers to consider when making their informed selection of exploration surface systems.


Google Arts and Culture’s selfie feature now in India
A digital app from Google can point users to “art twins” — a painting or sculpture that could serve as a doppelgänger.
  • A recent update to Google’s art and culture app added a new feature, “an experiment that matches user selfie with art from the collections of museums available on the platform”.
  • The feature, which went viral in the U.S. last week, will soon be available in India.
  • Using computer vision technology, the application matches a user’s selfie with a work of art from its wide database.
  • Users can take a selfie, upload it, and the app using computer vision technology will automatically match it with a work of classical art from one of the several art museums worldwide


AU Small Finance Bank Inks MoU with LIC to Offer PMJJBY Scheme
Banking finance company AU Small Finance Bank has signed an MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). 
  • Under the MoU, LIC will give a life cover of Rs2 lakh in case of death to the customer at a nominal premium of Rs330 per annum.
  • The company has re-entered the housing finance segment. The company will also offer loans under government’s affordable housing and subsidy schemes such as Pradhan Mantri Awas Yojana.


Mauritius Largest Source of FDI in India- RBI
Mauritius was the largest source of foreign investment in India (21.8 per cent share at market value), followed by the US and the UK, according to a census by the Reserve Bank of India.
  • Singapore and Japan were the next two sources of foreign direct investment (FDI), reported the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI.


Smt Anandiben patel appointed as Governor of Madhya Pradesh
The President of India has appointed Smt Anandiben Patel as the Governor of Madhya Pradesh with effect from the date she assumes charge of her office.
Governor is the head of the Executive power of any state in India, just like the President who is the head of the executive power in the Union. But, Governor is the nominal head of a state, unlike the Chief Minister who is the real head of a state in India. According to an amendment in the Constitution of India, brought about in 1956, the same person can be the Governor of two or more states.
  • Article 157 and Article 158 of the Constitution of India specify eligibility requirements for the post of governor.


CRPF DG Sudeep Lakhtakia has been appointed as the new chief of National Security Guard
Sudeep Lakhtakia, CRPF special DG has been appointed as the new chief of National Security Guard (NSG).
  • Lakhtakia will take over from S P Singh, the current chief of NSG, who retires on January 31.
  • The order was issued by the Appointment Committee of the Cabinet headed by Prime Minister Narendra Modi.
  • Sudeep is currently serving as a Special Director General in the Central Reserve Police Force(CRPF) headquarters in New Delhi.


Harish Manwani is new ISB chairman
The non-executive chairman of Hindustan Unilever Limited, Harish Manwani, has been appointed the new chairman of the Indian School of Business (ISB) Executive Board with effect from April 2018.
  • He succeeds Adi Godrej, who has been the chairman of the Board since April 2011.
  • Manwani has been a member of the school’s Board since April 2006.


4th India International Science Festival to be held in Lucknow
The fourth edition of the India International Science Festival will be held in Lucknow, Uttar Pradesh. The decision to hold the Festival in Lucknow was taken at the first preparatory meeting for the 4th India International Science Festival (IISF).
  • The meeting was chaired by Union Minister for Science & Technology, Dr. Harsh Vardhan. 
The 1st IISF was held at Indian Institute of Technology (IIT) New Delhi in December, 2015. The mega S&T expo attracted more than 3 lakh people. India had also set a Guinness Book of World Records, when 2000 school students performed two experiments at the Festival.
  • The second Festival at CSIR-National Physical Laboratory, New Delhi in December 2016 showcased Indian achievements in various fields of science and technology. The third in the series was held in October 2017 in Chennai.


Apple named the world’s most admired company for 2018
Technology giant Apple has topped Fortune magazine’s list of the ‘World’s Most Admired Companies’ for 2018.
  • E-commerce giant Amazon has retained its second spot, followed by Google’s parent Alphabet.
  • Social media giant Facebook lost its place in the top ten most admired companies this year and was ranked 12th on the list.


Iconic Cartoonist Chandi Lahiri Passes Away
Famous Cartoonist Chandi Lahiri passed away after a brief period of illness, marking the end of a chapter in Bengal's history of the cartoon.
  • Lahiri was 86.



Print Friendly and PDF



Theme images by Leontura. Powered by Blogger.