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Daily Current affairs - February 24&25, 2018 for all competitive exams


MoC organized Rashtriya Sanskriti Mahotsav-2018
To celebrate the idea of unity in diversity, the Ministry of Culture is organising the the Rashtriya Sanskriti Mahotsav at Gwalior, Madhya Pradesh.
  • The Mahotsav will cover a profusion of art forms from classical and folk, music and dance, theatre to literature and the visual arts and would offer the chance to experience the best in established and emerging virtuosity.
  • The Ministry of Culture is organising the event under the Ek Bharat Shreshtha Bharat matrix.
The Ek Bharat Shreshtha Bharat programme was launched by the Prime Minister on 31st October, 2016 to promote engagement amongst the people of different states/UTs so as to enhance mutual understanding and bonding between people of diverse cultures, thereby securing stronger unity and integrity of India.


E-waybill for inter-State goods movement likely from April 1
A group of State finance ministers (GoM), led by Bihar Deputy Chief Minister Sushil Kumar Modi, mooted the implementation of the provision for electronic-waybill generation for inter-State movement of goods from April 1, under the Goods and Services Tax (GST) regime.
  • The e-waybill is generated on the GST-Network — a common and shared information technology (IT) infrastructure between the Centre and States.
  • The GoM’s suggestion would be taken up by the GST Council at its meeting on March 10.
The e-waybill provision — meant to eliminate tax evasion and increase revenues by about 20% — was introduced on February 1, but had to be put on hold following glitches in the system


Govt. schedules meeting on Lokpal for March 1
In a turnaround from its earlier position, the government will invite the leader of the single largest Opposition party to attend a meeting scheduled for March 1 to discuss the long-pending appointments to the anti-corruption ombudsman, Lokpal.
  • At a brief hearing before a Bench led by Justice Ranjan Gogoi on Friday, Attorney-General K.K. Venugopal said the meeting would have the Prime Minister, the Lok Sabha Speaker, the Chief Justice of India and the leader of the single largest Opposition party in attendance.
  • This is a significant development as the government has for years taken the position that Lokpal appointments could be made only after amending the law to replace the Leader of the Opposition with the single largest party Opposition leader on the high-level selection committee. The Bench posted the next hearing for March 6.
Under the Lokpal and Lokayukta Act of 2013, the high-level selection committee for appointments to Lokpal comprises the Prime Minister, Lok Sabha Speaker, the LoP, the Chief Justice of India and an eminent jurist chosen by them. The 16th Lok Sabha does not have an LoP as the Congress party failed to get the required 10 per cent membership in the Lok Sabha post the 2014 parliamentary elections. However, an April 2017 judgment by the Supreme Court did not buy the government’s argument that an amendment in the provisions to replace the LoP with the single largest Opposition party leader was necessary to get on with the Lokpal appointments.


DD, AIR staff to work in PIB too
In an unprecedented order , the Information and Broadcasting Ministry posted 15 officials from Doordarshan and 16 from All India Radio (AIR) as publicity officers for various Ministries.
  • The attempt is to strengthen the government’s severely short-staffed publicity arm, the Press Information Bureau (PIB), say senior officials of the I&B Ministry.
  • However, the latest reshuffle of the 31 Indian Information Service (IIS) officers from the state broadcasters is likely to lead to confusion and a conflict of interest.
  • The officers’ primary charge will be to handle the publicity of the Ministries. They will, however, additionally continue their work in Doordarshan and AIR.


For the first time, peak power demand crosses 10,000 MW mark in Telangana
The power utilities of Telangana met a record peak demand of 10,000 MW power for the first time since formation of the State.
  • The increase in the demand has been attributed mainly to the uninterrupted power supply to the agriculture sector starting from January 1 this year.
Stating that it was a memorable occasion for the power utilities in the State, particularly with the background of their inability to meet uninterrupted supply even to the domestic sector when Telangana came into being, the top executives of the two distribution companies said support from the government and hard work of the employees for the last three years had been behind the success. 


SC refused to intervene on Kaleswaram project
In a major relief to the Telangana government, the Supreme Court has refused to intervene in an order granted by the Hyderabad High Court suspending the order of the National Green Tribunal at Delhi staying the construction of the Kaleswaram Lift Irrigation Project.
  • The NGT bench at Chennai had on October 5, 2017 directed the Telangana government to stay the construction of the project.
The Kaleshwaram project is an off-shoot of the original Pranahitha-Chevella Lift Irrigation Scheme taken up by the Congress government in 2007 when Andhra Pradesh was not divided. After the formation of Telangana in 2014, the TRS government redesigned the project on the ground that the original plan had too many environmental obstacles and had very low water storage provision — only about 16.5 tmc ft.
According to engineers, KLIP has many unique features, including the longest tunnel to carry water in Asia, running up to 81 km, between the Yellampally barrage and the Mallannasagar reservoir. The project would also utilise the highest capacity pumps, up to 139 MW, in the country to lift water.


PM Modi launches Amma 2 wheeler scheme in Tamil Nadu
Prime Minister Narendra Modi Launched ‘Amma’, subsidised 2 Wheeler Scheme for working women in Tamil Nadu.
  • This scheme was launched to mark the 70th birth anniversary of Jayalalithaa, the former Chief Minister of Tamil Nadu.
  • Under ‘Amma’ 2 Wheeler Scheme, every year, one lakh working women in Tamil Nadu will be given 50% of the cost of a two-wheeler or a grant of Rs. 25000.


All Kolkata Metro trains to be air-conditioned by 2020
All locomotives of the Kolkata Metro, the country oldest metro railway service, will be air-conditioned in the next two years.
  • Indrani Banerjee, chief public relations officer of Kolkata Metro, which connects northern and southern fringes of the city, said that by 2020 all coaches will be air-conditioned.
  • Kolkata Metro authorities said the new rakes will be a technological shift. They will not only ensure jerk-free comfortable rides but will also have CCTVs in every compartment and a communication line to the motorman in case of emergency.


44th Khajuraho Dance Festival Held in Madhya Pradesh
The 44th edition of Khajuraho Dance Festival 2018 was held at Khajuraho temple, a UNESCO world heritage site in Madhya Pradesh.
  • It was inaugurated by Madhya Pradesh Governor Anandiben Patel and was organised by culture department of state government.
Khajuraho Dance Festival is an annual cultural festival that highlights the richness of various Indian classical dance styles.


Assam to Observe 'Rhino Day' on September 22
The Assam government has announced to observe September 22 as 'Rhino Day' to generate public awareness on protection of the one-horned pachyderm.
  • A State Rhino Project in line with National Rhino Project will be launched in Assam soon for protecting the pachyderms from threats of poaching.


Elephanta Island gets permanent power supply for 1st time
The Elephanta Island near Mumbai has received permanent electricity connection for the first time since 70 years of Independence.
  • The project will benefit around 1,200 residents on the island, which houses UNESCO World Heritage site Elephanta Caves.
  • Prior to this, the villagers resorted to solar energy and power generators for their requirements.


Strategic Petroleum Reserve (SPR) Programme
India has invited Saudi participation in Indian Strategic Petroleum Reserve (SPR) Programme.
  • To ensure energy security, the Government of India had decided to set up 5 million metric tons (MMT) of strategic crude oil storages at three locations namely, Visakhapatnam, Mangalore and Padur (near Udupi).
  • These strategic storages would be in addition to the existing storages of crude oil and petroleum products with the oil companies and would serve as a cushion during any external supply disruptions.
In the 2017-18 budget, it was announced that two more such caverns will be set up Chandikhole in Jajpur district of Odisha and Bikaner in Rajasthan as part of the second phase.
In January 2016, India signed a deal with the United Arab Emirates that allows the Gulf OPEC country to fill half of the underground crude oil storage facility of ISPRL at Mangalore. Therefore, the UAE’s Abu Dhabi National Oil Company will store about 6 million barrels of oil at Mangalore.


Saudi Arabia hosts its first ever jazz festival in Riyadh
Saudi Arabia conducted the Groovz Jazz Festival, its first ever jazz festival, at the Riyadh Intercontinental Hotel, in Riyadh, Saudi Arabia.
  • The Groovz Jazz Festival was conducted for 3 days. Nearly, 2,000 people attended this festival.
  • The concert was organized by Time Entertainment. A divided seating arrangement was provided separately for men and women. Family areas were also provided.
  • Both local and international artists performed at the festival. Bands from Riyadh, Beirut and New Orleans performed at the festival.
  • Apart from musical performances, food trucks, a vintage car display etc. were there in the Groovz Jazz Festival.


Singapore hosts record 1.27 million Indian travelers in 2017
For the third time in a row, Singapore has registered record arrivals from India with 1.27 million travelers.
  • Over 1.1 million Indian travelers went to Singapore in 2016.
  • Visitor arrivals from India into Singapore have crossed the one-million mark at 1.27 tourists, according to data from the Singapore Tourism Board.


US tightens H-1B visa rules
The US government has announced a new policy that has made the procedure of issuing H-1B visas relatively harder than the existing one.
  • The updated policy guidance is in sync with President Donald Trump’s ‘Buy American, Hire American’ Executive order.
  • Under the new policy, the company would have to walk an extra mile to prove that its H-1B employee at a third-party worksite has specific and non-qualifying speculative assignments in speciality occupation.
  • New employers must provide contracts and itineraries for employees who will work at a third-party location. This includes evidence of actual work assignments, which may include technical documentation, milestone tables, marketing analysis, cost-benefit analysis, brochures, and funding documents.
The H-1B visa program generally allows a foreign employee to work for a specific sponsoring American employer. As is true in many employment situations, the location of work can change.
  • The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year.
  • The aim of the H1B visa programme was to supplement the US workforce with high-skilled workers to do jobs that Americans are not skilled to do, not to replace the US workers.


India’s 1st 5G trial successful, 3 GB/sec speed Achieved
Chinese technology giant Huawei and telecom services provider Bharti Airtel announced to have successfully conducted 5G network trial under a test set-up in India.
  • The trial took place at Airtel’s Network Experience Centre in Manesar (Gurugram).
  • During the test trial, the speed of more than 3Gbps was achieved.


ISRO to launch another IRNSS satellite in April
After its failure to inject into the orbit the eighth of the navigation satellite, IRNSS-1H that was to replace the faulty IRNSS-1A in the Indian Navigation Satellite Constellation or NavIC in August last year, the Indian Space Research Organisation (ISRO) is gearing up to launch another IRNSS satellite in April.


India Successfully Test-Fires ‘Dhanush’ Missile
India has successfully test-fired the nuclear-capable surface-to-surface 'Dhanush' ballistic missile with a strike range of 350 km from a naval ship off Odisha coast.
  • It was developed by the Defence Research and Development Organisation. ‘Dhanush’ missile is is capable of carrying a payload of 500 kg and hitting both land and sea-based targets.
  • It is a naval variant of the indigenously-developed ‘Prithvi’ missile.
  • It is capable of carrying a payload of 500 kg and hitting both land and sea-based targets.


Ombudsman scheme for NBFCs
The Reserve Bank of India (RBI) has issued an ombudsman scheme for non-banking finance companies (NBFCs), offering a grievance redressal mechanism for their customers. The scheme will come into effect immediately.
  • An officer at the RBI not below the rank of general manager will be appointed by the regulator as the ombudsman with territorial jurisdiction being specified by the central bank. The tenure of each ombudsman cannot exceed three years and can be reduced by the regulator if needed.
  • Any customer or person can file a complaint with the ombudsman on various grounds like non-payment or inordinate delay in payment of interest, non-repayment of deposits, lack of transparency in loan agreement, non-compliance with RBI directives on fair practices code for NBFCs, levying of charges without sufficient notice to the customers and failure or delay in returning the securities documents despite repayment of dues among others. Only written complaints or those in electronic format will be accepted.


Paytm to give users its own credit rating
Digital payments startup Paytm is launching its own credit scoring product called ‘Paytm Score’, according to reports.
  • The Vijay Shekhar Sharma-led startup will give credit score to users based on their digital transactions across the company’s multiple offerings, including e-commerce and bookings platforms, the reports added.
  • The score will then be shared with Paytm’s lending partners.


Airtel partners Lenovo to offer smartphones with Rs 2,000 cashback
Airtel has added a new smartphone brand for its “Mera Pehla Smartphone” initiative.
  • Select Motorola and Lenovo smartphones will now be available with cashback of Rs 2,000 as part of the initiative.
  • As part of the offer, Moto C would be available at an effective price of Rs 3,999, Moto E4 at Rs 6,499 and Lenovo K8 Note at Rs 10,999.


Aditya Birla Idea Payments Bank Starts Operations
Aditya Birla Idea Payments Bank Ltd (ABIPBL) started operations, making it the fifth payments bank to roll out operations. 
  • The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.
The other payments banks that have started operations include Airtel Payments Bank Ltd, India Post Payments Bank Ltd, Paytm Payments Bank Ltd and Fino Payments Bank Ltd.
The other applicants that are yet to set up payments bank include Vodafone m-Pesa Ltd, Reliance Industries Ltd and National Securities Depository Ltd.


5th international data science summit held in New Delhi
5th international data science summit was recently held in New Delhi.
  • The conference was attended by around 130 delegates from Corporate Officers and executives involved in strategy, Government Policy Planners, Academic institutions, Electrical utilities, Researchers and Developers along with Standards Development Organizations.
Bureau of Indian Standards (BIS), the National Standards Body of India, in association with Data Science Foundation organized the summit.


India to Host 1st International Solar Alliance in March 2018
  • India will host the first International Solar Alliance (ISA) summit on 11th March 2018. It will be attended by French President Emmanuel Macron and United Nations Secretary-General Antonio Guterres.
  • The summit will be held in Delhi.
  • The ISA aims to launch 121 projects during the summit. During the summit, two new programmes will be inaugurated on- Scaling Solar E-Mobility and Storage, and Rooftop Solar.


The 15th edition of BioAsia 2018 held in Hyderabad
The 15th edition of BioAsia, the annual flagship event of the Government of Telangana, was held from 22nd – 24th February, 2018 in Hyderabad.
  • BioAsia is a preeminent technology and bio-business convention in Asia for Life sciences, pharmaceuticals and healthcare.
  • The theme of BioAsia 2018 was “RIGHT TIME, RIGHT NOW” focusing on strategies to keep up with the pace of change.
  • The event was attended by 1500 delegates from over 55 countries.
  • Ireland, Netherlands and South Africa were the International Partners while Gujarat, Assam and Rajasthan were the partner states for this event.


Ras Banaras Sanskriti Mahotsav’- Ended In Varanasi
‘Ras Banaras – Swachhagrah – Bapu ko Kaaryaanjali’, a diversified cultural festival organized by the Ministry of Culture at Maan Mandir and Assi Ghat of Varanasi concluded successfully.
  • The festival witnessed folk dance and songs, food & shopping delights in full swing.
  • The event appealingly connected country’s youth to various facets of the country’s rich and vibrant culture alongside giving a message of cleanliness to the people of Varanasi.


Priyanka quits as brand ambassador for Nirav Modi’s brand
Actress Priyanka Chopra’s spokesperson has confirmed that she has quit as the global ambassador of jewellery designer Nirav Modi’s brand following allegations of money laundering against him.
  • The actress had earlier accused him of non-payment of dues for several advertisement campaigns.
  • Nirav Modi is the prime accused in the $1.77 billion (Rs.11, 400 crore) scam involving Punjab National Bank.


Veteran Actress Sridevi passes away
Bollywood star Sridevi died due to cardiac arrest in Dubai.
  • Sridevi was 54 years old. Sri Devi went to Dubai with her family to attend her nephew’s wedding.
  • She made her Bollywood debut in 1978 and had acted in numerous films afterwards. She got Padma Shri award in 2013.
Swachh Bharat Abhiyan ambassador Kunwar Bai passes away
106 year-old Swachh Bharat Abhiyan Ambassador Kunwar Bai, who was felicitated by Prime Minister Narendra Modi for her unique move to build toilets in her village in Chhattisgarh, died following a prolonged illness.


Parupalli Kashyap wins Austrian Open International Challenge
India’s Parupalli Kashyap won the men’s singles title of the Austrian Open International Challenge, in Vienna, Austria.
  • Parupalli Kashyap defeated Malaysia’s June Wei Cheam 23-21 21-14 in the men’s singles final and won the Austrian Open International Challenge.
  • This is Parupalli Kashyap’s first international title in more than three years. He is a former National badminton champion.


Aruna Budda Reddy becomes 1st Indian to win an individual medal at Gymnastics World Cup
Aruna Budda Reddy became the first Indian gymnast to win an individual medal at the Gymnastics World Cup.
  • She won a bronze medal in the women’s vault event, in Melbourne, Australia.
  • Aruna Budda Reddy is 22 years old. She hails from Hyderabad. She is a former black belt and a Karate trainer.


Cricket Canada Unveils ICC-Approved T20 League
Canada’s own first franchise-based Twenty20 league “Global T20 Canada”, was announced in New Delhi. The Global T20 Canada League will begin functioning from July 2018 at three venues in Toronto.
  • Global T20 Canada League has received official sanction of the International Cricket Council (ICC). 
  • Cricket Canada has become the first Associate member of the ICC to start a Twenty20 franchise league in the North America market.



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