Current Affairs Discussion - for UPSC Exams
PM Modi Visited odisha and Chhattisgarh
- On Sep 22nd 2018 PM Modi Visited odisha and Chhattisgarh
- In Odisha, He inaugurated and revived the Talcher Fertilizer Plantlocated at Talcher, Angul district in Odisha.
- Talcher Fertilizer Plantwill Start Production in 36 Months.
- To Open Medical colleges in Balasore, Bolangir, Koraput, Puri and Rourkela, Rs. 270 crore has been provided.
- In Chhattisgarh PM Modi inaugurated two Projects of National Highway Authority of India.
Commemorate Centenary of the Battle of Haifa
- The Battle of Haifa was commemorated on 23rd Sep 2018 in Israel, Delhi and Jaipur.
- It was celebrated on the basis of liberation of Haifa in Israel by the Indian troops in 1918.
- On September 23rd every year Indian army celebrates it as Haifa Day.
BANKING & FINANCE
NDB Agreed to Sanction $525 Million Loan for Indian Projects in MP
- NDB of BRICS Announced $525 Million Loan For infrastructureProjects in Madhya Pradesh.
- For major District Road Projects, $350-million will be Announced.
- $175 millionfor building and upgrading 350bridges
- $300 millionLoan was approved by the NDB to SIBUR Holding of Russia For Development related to the Zap SibNefteKhim Project.
Corporation Bank & NeSL ink pact for sharing security information under IBBI rule
Corporation Bank linked an Information Utility agreement with National e-Governance Services Ltd on 20th Sep 2018 to share Financial and security information Under IBBI Regulation 2017
APPOINTMENTS & RESIGNS
Indian actress Jaya Prada appointed goodwill ambassador for Nepal tourism
For a Term of 4 years Indian Actress Jaya Prada a Former Member of parliament has been appointed as Goodwill Ambassador for the Promotion of Nepal Tourism.
Anil Kumar Chaudhary – new SAIL chairman
- Anil Kumar Chaudhary was appointed as the New Sail Chairman by PM Modi on 21st Sep 2018.
- PK Rath Has been Appointed as CMD of the RINL
- V Gopi Suresh Kumar was appointed as Director (Projects) in RITES Limted,
India host AIBA Women’s World Boxing Championships in New Delhi
From 13-25 November 2018 The AIBA Women’s World Championships will be Hosted in New Delhi by India
1. First State water grid portal launched in Jaipur
The Water Resources Department has developed the portal to monitor the availability and supply of water from different sources. It is the Rajasthan government’s flagship water conservation project. The campaign has led to construction of about 4 lakh water harvesting structures in over 12,000 villages.
2. ‘Don’t have mandate to give special status’
The 15th Finance Commission made it clear on Wednesday that it did not have the mandate to recommend grant of special category status (SCS) to States but assured that its recommendations would be “sympathetic and positive” as far as the needs of Bihar were concerned.
3. NHAI rapped for not maintaining green cover along highways
The National Green Tribunal on Wednesday came down heavily on the National Highways Authority of India for not maintaining green cover along national highways.
Rapping the NHAI for not implementing the policy to maintain a mandatory green cover along the highways
4. Himachal High Court gets new Chief Justice
Justice Surya Kant was on Wednesday appointed Chief Justice of the Himachal Pradesh High Court, nearly nine months after the Supreme Court collegium recommended his name for the post. The post of Chief Justice of the High Court had been lying vacant since April, 2017
5. Gujarat acts to save its pride
In possibly the worst-ever tragedy in the Gir forest, the only abode of Asiatic lions in the world, apart from the 23 lions that have died since September 12, as many as 36 are battling for their lives as a deadly outbreak of Canine Distemper Virus (CDV) and tick-borne Babesiosis is killing the great cats famously known as Gujarat’s pride.
6. ‘India remains vigilant against polioviruses’
Days after the Union Health Ministry ordered an inquiry into the Type-2 polio virus contamination detected in the vials used for immunisation in Uttar Pradesh, Maharashtra and Telangana and ordered for additional immunisation in the three States, the Ministry on Wednesday issued a statement that “India was certified polio-free in March 2014 and continues to be so. India continues to remain vigilant against all three types of polioviruses.”
7. Steps eased to spruce up railway stations
The Union Cabinet on Wednesday approved the redevelopment of railway stations by the Indian Railway Stations Development Corporation (IRSDC) as a nodal agency through simplified procedures and longer lease tenure of up to 99 years.
8. Guterres lauds Modi for climate action
Prime Minister Narendra Modi was conferred the Champions of the Earth Award by United Nations Secretary-General Antonio Guterres at a ceremony here on Wednesday.
9. UN urges India not to deport seven Rohingya
As India prepares to deport seven Rohingya “illegals” to Myanmar on Thursday, two UN agencies urged the government to refrain from doing anything that would endanger the lives of those it plans to deport.
10. SC upholds validity of GST Act
he Supreme Court on Wednesday upheld the validity of the Goods and Services Tax (Compensation to States) Act of 2017 for levy and collection of tax on inter-State supply of goods or services or both by the Centre.
The court also upheld the legality of the Goods and Services Tax Compensation Cess Rules, which also came into existence last year.
11. In blow to Trump, UN court tells U.S. to ease Iran sanctions
12. Trio gets Chemistry Nobel
Two Americans and a Briton won the 2018 Nobel Prize for Chemistry on Wednesday for harnessing the power of evolution to produce novel proteins used in everything from environmentally friendly detergents and biofuels to cancer drugs.
13. ECB norms for oil firms eased
“It has been decided, in consultation with the Government of India, to liberalise the said provision and permit public sector oil marketing companies to raise ECB for working capital purposes with minimum average maturity period of 3/5 years from all recognised lenders under the automatic route,” the central bank said in a notification.
Furthermore, the central bank said the individual limit of $750 million or equivalent and mandatory hedging requirements as per the ECB framework have also been waived for borrowings. However, the overall ceiling for such ECBs is capped at $10 billion.
14. RBI slaps ₹5-crore penalty on Federal Bank
The RBI has slapped ₹5 crore penalty on Federal Bank for violating norms on reporting of data on large credit, payment of compensation for delay in resolution of ATM-related complaints’, and violating KYC norms.
15. ‘Jewel of Roman Empire’ faces danger
UNESCO declared Sabratha to be at risk in 2016, mainly due to damage caused by armed groups
Perched on the edge of Libya’s Mediterranean coast, the ancient city of remains an awe-inspiring spectacle, the pink columns of its amphitheatre towering above turquoise waters.
But the world heritage site is classified as “endangered” by UNESCO, its majestic structures pockmarked by mortar and small arms fire.
16. Japan drops new robot on asteroid
A Japanese probe launched a new observation robot towards an asteroid on Wednesday as it pursues a mission to shed light on the origins of the solar system.
The Hayabusa2 probe launched the French-German Mobile Asteroid Surface Scout, or MASCOT, towards the Ryugu asteroid’s surface, the Japan Aerospace Exploration Agency (JAXA) said.
17. EU backs treaty to produce disabled-friendly books
The 28-nation European Union on Monday ratified the Marrakesh treaty to ease access to reading material for people who are print-disabled the world over.
Hindu Business Line
1. SC upholds Constitutional validity of compensation law under GST
2. Solar-alliance members seek clarity on fund utilisation, future targets
3 Member-countries have sought clarity on the utilisation of funds during the first Assembly of the India and France-led International Solar Alliance.
At present 44 countries have signed and ratified the ISA framework agreement. This is out of the 68 countries that have signed the agreement. The ISA is a network for 121 solar-rich countries between the Tropic of Cancer and Capricorn.
3. AFSPA extended in three Arunachal districts
Now, therefore, Tirap, Changlang and Longding districts in Arunachal Pradesh and the areas falling within the jurisdiction of the following eight police stations in the districts of Arunachal Pradesh, bordering the State of Assam, are declared as ‘disturbed area’ under Section 3 of the Armed Forces (Special Powers) Act, 1958 up to March 31, 2019 w.e.f. October 1, 2018, unless withdrawn earlier,
4. Devolution of power, an unfinished task
The present Fifteenth Finance Commission (FFC) is also tasked to “to consider provision of grants-in-aid to local bodies for basic services, including quality human resources, and implementation of performance grant system in improving delivery of services”.
The FFC has to recommend specifically the amount to be devolved to the States during its award period (2020-25) for local bodies. As per Article 243 (I) of the Constitution, State governments have to constitute State finance commissions (SFCs) and obtain their recommendations, so that these can be suitably factored in by the Central finance commissions while recommending on the overall devolution from the central pool of divisible resources to the States.
5. Limaye is chief of WFE working committee
The World Federation of Exchanges (WFE), which represents nearly 45,000 listed companies, has appointed NSE’s MD and CEO Vikram Limaye as the chairman of its working group committee. WFE, which is the global industry association for exchanges and clearing houses, also admitted six new members, taking the total number of full members to 70.
6. Drought-related losses could soar in China, says study
Economic losses caused by drought in China will rocket to tens of billions of dollars per year if global warming breaches the limits set by governments in a 2015 agreement to tackle climate change, scientists said.
7. Barcelona enters a billion-dollar club
FC Barcelona has become the first sports club to post annual revenues exceeding $1 billion. La Liga champions Barcelona presented their annual accounts on Tuesday, showing earnings of $1.05 billion for the 2017-18 fiscal year, breaking its own income record for the fifth successive year and posting a profit for the eighth consecutive year.
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