8th Session of the foreign Office Consultations between India and Sudan held in New Delhi
8th session of the foreign Office Consultation between India and Sudan was held in New Delhi to review the entire gamut of bilateral relations that include political, trade, investments, defence and security.
The Indian side was led by the Dr B. Bala Shankar, Joint Secretary (West Asia and North Africa) in the Ministry of External Affairs and Sudanese side was led by Mahmoud Fadl Abdel Rasoul
SHINYUU Maitri 18: First 5-day India, Japan air exercise commenced in Agra, Uttar Pradesh
The first bilateral air exercise 5-day “SHINYUU Maitri-18” commenced at the Air Force station in Agra in northern state of Uttar Pradesh.
The theme of the exercise is: ‘Joint mobility and humanitarian assistance and disaster relief (HADR) on transport aircraft’.
It would be attended by:
The Japanese Air Self Defence Force (JASDF) from Japan’s side and Indian Air Force (IAF) from the Indian side.
♦ Capital: Tokyo.
♦ Currency: Japanese yen.
Indian Navy to conduct ‘Exercise sea vigil’ as a part of 2-month long Exercise TROPEX
Indian Navy Chief Admiral Sunil Lanba announced conduction of a 2-month long Theatre Level Operational Readiness Exercise (Tropex) in January 2019. It would end in March 2019.
This would test the combat capability of the Indian Navy, Indian Army, Indian Air Force and Coast Guard, and would strengthen interoperability and joint operations in complex conflict situation.
Under this, it would also conduct a large-scale coastal defence exercise ‘Exercise Sea Vigil’ to test the robustness of the entire coastal security apparatus.
It is a yearly exercise that takes place on the Western Seaboard with participation of over 45 ships from both the Western and Eastern Naval Commands of the Indian Navy.
♦ Chief of Naval Staff: Admiral Sunil Lanba.
♦ Vice-Chief of Naval Staff: Vice Admiral Ajit Kumar.
♦ Headquarters: New Delhi.
♦ Navy Day (National): December 4.
First 2-day India-ASEAN InnoTech Summit held in New Delhi
First 2-day India-ASEAN InnoTech Summit concluded in New Delhi.
It commenced on November 30, 2018.
It was organized by:
- Federation of Indian Chamber of Commerce and Industry (FICCI) in association with
- the Department of Science and Technology (DST) and
- the Ministry of External Affairs.
The theme of the Summit was: ‘India ASEAN InnoTech Summit: Accelerating towards innovative development‘.
Participating ASEAN Member Countries: Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam.
Association of Southeast Asian Nations(ASEAN):
♦ Headquarters: Jakarta, Indonesia.
♦ Member countries (10): Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam.
Federation of Indian Chamber of Commerce and Industry (FICCI):
♦ Headquarters: New Delhi.
♦ Secretary-General: Dilip Chenoy.
Delhi government launched ‘One’ card for ease of commute on metro, buses
Delhi government announced the launch of a common mobility card called ‘One’, with a tagline of ‘One Delhi One Ride’, for easy commute on public transport.
It was launched by Delhi Transport Minister Kailash Gahlot and Delhi Metro Rail Corporation (DMRC) managing director Mangu Singh.
This would enable access to Metro and bus services with a single card at a 10 per cent discount.
♦ Chief Minister: Arvind Kejriwal
♦ Deputy CM: Manish Sisodia.
♦ Governor: Shri. Anil Baijal.
♦ National Parks: National Zoological Park, Chilla National Park
Visit of Romanian Foreign Minister to India:
H.E. Mr. Teodor Melescanu, Foreign Minister of Romania visited India, recently.
In the discussions, External Affairs Minister, Smt. Sushma Swaraj, highlighted the constructive cooperation between the two countries on international and bilateral issues.
During the visit, Romania will formally open its Honorary Consulate in Chennai.
Romania will take over the Presidency of the European Council in January 2019.
Currency: Romanian leu
First manned Soyuz mission to ISS was launched successfully
Economy & Finance
Government of India and Asian Development Bank inked $85 Million loan to support Odisha Skill Development Project
The Government of India and the Asian Development Bank (ADB) signed a $85 million loan in New Delhi, under the Odisha Skill Development Project to promote skill development in Odisha.
This project would also receive a $2 million technical assistance grant from the Japan Fund for Poverty Reduction, financed by the Government of Japan. It will be administered by ADB.
Under this project, the World Skill Center (WSC), an advanced skill training centre would be established in Bhubaneswar, Odisha.
♦ Headquarters: Manila, Philippines.
♦ President: Takehiko Nakao.
♦ Established in 1966.
♦ Members: 67 (48 regional members).
♦ Chief Minister: Naveen Patnaik.
♦ Governor: Prof. Ganeshi Lal.
♦ Lakes : Chilika Lake, Kanjia Lake, Anshupa Lake, Balimela Reservoir.
♦ Dams: Rengali Dam, Kala dam, Pitamahal Dam, Kansbahal Dam, Tikhali Dam, Deras Dam, Salia Dam, Ghodahada Dam, Kuanria Dam.
♦ Festivals: Kalinga Mahotsav, Chandan Yatra, Durga Puja, Konark Dance Festival, Rath Yatra, Deepabali, Kumar Purnima
IRDAI proposes changes in registration norms for insurance marketing firms
Insurance Regulatory and Development Authority of India (IRDAI) proposed to relax norms for registration of Insurance Marketing Firms (IMFs) with an aim to improve penetration of insurance products in the country.
IRDAI is considering reducing the net worth requirement to Rs 5 lakh from current Rs 10 lakh for registration as an insurance marketing firm for applicants opting for an aspirational district. The NITI Aayog has designated 117 districts in 28 states as aspirational districts.
About, Insurance Regulatory and Development Authority of India (IRDAI):
♦ IRDAI Chairman: Subhash Chandra Khuntia
♦ IRDAI Headquarters: Hyderabad
India’s growth forecast cut by 10 bps to 7.4% on weakening global growth: CRISIL
Crisil cut India’s growth forecast for current fiscal, by 10 basis points, to 7.4 per cent citing weakening global GDP and trade growth as the reasons for the decline.
Due to lower global trade and GDP growth, emerging economies such as India would face a downward growth.
The decline is due to the global growth prospects that are turning weaker than earlier estimate and if the liquidity problems persist that might effect the demand, further hampering the GDP. India’s export will have a slow trajectory of growth compared to the early part of 2018.. As for the rest of the fiscal of 2019, growth will find support from private consumption, continuous government spending on construction activities, favourable inflation and revision in government salaries at the state level.
India’s growth in the July-September quarter slipped to 7.1 per cent from 8.2 per cent in the April-June quarter.
♦ Headquarters: Mumbai.
Economic Development board (EDB) signed MoU with the Maharashtra Government to promote Fintech
The Economic Development Board (EDB), the investment promotion arm of the Kingdom of Bahrain signed Memorandum of Understanding (MoU) with Maharashtra Government to promote FinTech in their respective markets.
The MoU was signed by Dr. Simon Galpin, Managing Director of EDB, and Mr. S.V.R. Srinivas, IAS Principal Secretary, Directorate of Information Technology.
India submits official interest to host 2032 Olympics
Jon Ridgeon appointed as CEO of International Association of Athletics Federations
Ridgeon will take up the new role in March 2019. He will replace Frenchman Olivier Gers, who resigned from the post in March citing differences with the global governing body’s commercial strategy.
He is former British record holder and silver medallist in the 110m hurdles in the 1987 World Championships in Rome. He also represented Great Britain in two Olympic Games – Seoul in 1988 and Atlanta in 1996.
AWARDS & RECOGNITION
Kohli honoured by Bradman Museum ahead of India-Aus Test
The Indian cricket team captain Virat Kohli has received a special honour as a signed jersey that he donated after scoring his hundred in the fourth Test at the Sydney Cricket Ground (SCG) during India’s tour of Australia in 2014-15 has been placed next to Sachin Tendulkar’s portrait at the Bradman Museum.
The Indian Captain Virat Kohli signed and presented his shirt to Cricket Australia Liaison Officer Pearce Gibbons in appreciation of his assistance to the Indian side throughout the summer at the conclusion of the fourth test and thereafter Pearce Gibbons donated the shirt to the museum for public display.
Indian cricketers like the legendary Kapil Dev and Tendulkar have a memento celebrating their achievements placed at the iconic museum.
The Museum is also known as ‘The Home of Cricket Memories.’
Tuhin becomes first Indian to scale Sahayadri mountain range
Tuhin Satarkar, became the first Indian to climb three routes in the treacherous Sahayadri mountain range in 12 days, from November 16 to 28.
The pune based bouldering(rock climbing) sensation climbed- Dhodap, Jivdhan and Naneghat, three famous peaks which are known to have been ascended by Chatrapati Shivaji Maharaj and his Marathi Malvas.
Both the parents ofthe Red Bull athlete Tuhin were also climbers.
About Sahyadri Mountains:
Sahyadri is a mountain range of Western Ghats, which is a UNESCO World Heritage Site and is one of the eight “hottest hot-spots” of biological diversity in the world.
2018 Ballon d’Or:Luka Modric and Ada Hegerberg win awards
An annual football award , 2018 Ballon d’Or Award was announced.Real Madrid’s Croatia midfielder Luka Modric was named winner of the 2018 Ballon d’Or.The award functions held in Paris (France).
Juventus forward and 2017 winner Ronaldo came second, while Atletico Madrid and France striker Antoine Griezmann came third.
Paris St. Germain’s France forward Kylian Mbappe, who also collected the Kopa award for the best under-21 player, was fourth, with Barca forward Messi finishing fifth.
2018 FIFA World Cup held in Russia won by France beating Croatia in the finals.2022 FIFA World Cup scheduled to take place in Qatar.
♦ Capital: Paris
♦ Currency: Euro
♦ President: Emmanuel Macron
♦ Capital: Zagreb
♦ Currency: Kuna
♦ President: Kolinda Grabar kitarovic
♦ Capital: Doha
♦ Currency: Qatari Riyal
APPOINTMENTS & RESIGNS
Jon Ridgeon Appointed CEO of IAAF
The International Association of Athletics Federations (IAAF) announced the appointment of Jon Ridgeon as its new CEO following approval by the IAAF Council on the first day of its 215th Council Meeting in Monaco.
British former hurdler JonRidgeon will take up the new role in March 2019.
He succeeds Olivier Gers, who resigned in March, and Nigel Garfitt, who has served as acting CEO.
He was also one of the architects of the IAAF’s Diamond League Series, an annual series of elite track and field athletic competitions.
About International Association of Athletics Federations (IAAF):
♦ Headquarters: Monaco
♦ President: Sebastian Coe
Ajay Narayan Jha takes over as Finance Secretary
Ajay Narayan Jha, the current expenditure secretary, in the Ministry of Finance has been appointed as the new finance secretary, by the Union Government.
Ajay Narayan Jha, is a 1982-batch IAS officer of Manipur- Tripura cadre, and has succeeded Hasmukh Adhia who retired on November 30.
Recently the government also announced that Unique Identification Authority of India (UIDAI) CEO and the chairman of Goods and Services Tax Network (GSTN), Ajay Bhushan Pandey will be the next Revenue Secretary while continuing to work for UIDAI and GSTN.
About Ministry of Finance:
♦ Minister of Finance: Shri Arun Jaitley,
♦ Minister of State for Finance: Shri Pon. RadhaKrishnan, Shri Shiv Pratap Shukla
♦ Headquarters: New Delhi
Ex-IRDAI chief TS Vijayan appointed as additional director of YES bank board
Private sector YES Bank appointed the former chief of IRDAI and LIC, TS Vijayan, as Additional Director (Independent) on its board for a period of five years.
Vijayan is also a member of the ‘Search and Selection Committee’, which was set up by the bank to identify a suitable successor to the Managing Director and CEO.
♦ Headquarters: Mumbai.
♦ Tagline: Experience our Expertise.
IL&FS appoints ex-L&T executive N Sivaraman as group COO
Debt-laden Infrastructure Leasing and Finance Company (IL&FS) , appointed N Sivaraman as group Chief Operating Officer (COO).
Sivaraman will be part of the core operating committee and report to Vineet Nayyar, vice chairman and managing director, IL&FS Group.
State Bank of India ropes in Swapna Barman as brand ambassador for YONO
The State Bank of India has roped in Asian Games gold medalist Swapna Barman as brand ambassador for its digital app YONO(You only need one).
YONO is an integrated digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as taxi bookings, online shopping, or medical bill payments.
ACQUISITIONS & MERGERS
HUL board approves merger with GlaxoSmithKline Consumer Healthcare
FMCG major Hindustan Unilever Limited (HUL) approves the merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) through an-all equity deal, valuing the total business of the latter at 31,700 crore.
The transaction is an all equity merger with 4.39 shares of HUL being allotted for every share in GSKCH India.
SCIENCE & TECHNOLOGY
SpaceX launches India’s first privately built satellite ExseedSAT 1
SpaceX founded by Elon Musk, launched India’s first privately built satellite ExseedSAT 1 along with 63 other satellite from 18 countries from the Vandenberg air force base in California, USA.
ExseedSAT 1 was built at a cost of Rs. 2 Crore by the Mumbai based Startup Exseedspace.
ExseedSAT 1 which weighs around 1 kg is an open radio transponder that works on ham frequencies.
Soyuz first manned mission to ISS since October failure
The first manned Soyuz spacecraft since the failure of 11th October launch which carries Russian, American and Canadian astronauts arrived at the International Space Station (ISS).
Three Astronaut Oleg Kononenko from Russia, Anne McClain of NASA and David Saint Jacques of the Canadian Space Agency were part of this manned mission.
The Astronauts successfully docked at the ISS and they will stay at the International Space Centre for six and half months.
Navy Day 2018 – December 04
On 4th December 2018, India celebrated its 47th Navy Day. The day is celebrated in honour of the maritime force’s role during the war with Pakistan in 1971 when Indian warships attacked Karachi port.
It was on this day in 1971 that Indian Navy left its shores for the very first time to successfully attack Pakistan.Operation Trident, the codename for the naval attack on Karachi, is considered one of the most successful operations in the post-World War II era.
The Maratha Emperor, “Chhatrapati Shivaji Bhosle” is considered as ‘Father of the Indian Navy’.
The Navy showcased an impressive show of skill amid a sea of colours at the Gateway of India in Mumbai.
About Indian Navy
Chief of Indian Navy: Admiral Sunil Lamba
Thought of the Day
““The capacity to learn is a gift; the ability to learn is a skill; the willingness to learn is a choice.“
Quiz based on Daily Current Affairs 4th December 2018