South Korean President Moon Jae-in’s visit to India from (8-11)th July, 2018
On July 8, 2018, South Korean President Moon Jae-in arrived in New Delhi on a four day visit to India from June 8-11, 2018.
On July 10,2018, NSIC signed MOU with Small Business Corporation of South Korea on the inaugural day of The India-Korea Technology Exchange Centre.
Union Commerce and Industries Minister Suresh Prabhu and South Korean Trade Minister Kim Hyun-Chong signed agreements on trade and commerce.
The India-Korea Technology Exchange Centre was Inaugurated by the Minister of State (I/C) MSME Giriraj Singh and Minister of SMEs and Start-ups of Republic of Korea, Hong Jong-hak today in New Delhi
PM inaugurates ‘Dharohar Bhawan’ the new Headquarters of Archaeological Survey of India in New Delhi
On 12th July 2018, Prime Minister Narendra Modi inaugurated ‘Dharohar Bhawan’, the new Headquarters building of the Archaeological Survey of India (ASI) at 24, Tilak Marg in New Delhi.
Minister of State for Culture(I/c) Dr. Mahesh Sharma praised ASI that takes care of nearly 3686 monuments in India.
It also provides conservation services in countries like Afghanistan, Myanmar, Cambodia.
The new Headquarters building has advanced facilities like energy efficient lighting and rainwater harvesting.
About Archeological Survey Of India:
♦ Founded: 1861.
♦ Headquarters: New Delhi.
♦ Under : Ministry of Culture, Govt. of India.
15-point action plan titled ‘Breathe India’ to combat air pollution in ten most polluted cities proposed by NITI Aayog
On July 12, 2018, Niti Aayog has proposed 15-point action plan named “Breathe India” for combating air pollution in ten most polluted cities in the country.
According to a recent WHO database (2018), Kanpur, Faridabad, Gaya, Varanasi, Agra, Gurgaon, Muzaffarpur, Lucknow and Patna are the top ten most polluted cities in India.
The plan includes encouraging electric vehicles, phasing out private diesel vehicle and development of crop residue utilisation policy
It also includes expediting strategic decommissioning of old and inefficient power plants and implementation of a large-scale feebate programme from 2020 onwards
Air quality of Delhi had deteriorated beyond severe level because of a ground-level dust storm in western India, according to the Central Pollution Control Board data.
♦ Chairman: Narendra Modi.
♦ CEO: Amitabh Kant.
“Jal Bachao, Video Banao, Puruskar Pao” fortnightly Contest launched on Water Conservation: Ministry of Water Resources
On July 12, 2018, the Ministry of Water Resources, River Development and Ganga Rejuvenation has launched a video contest titled “Jal Bachao, Video Banao, Puruskar Pao”. It is a fortnightly contest that will run till 4th November 2018.
To engage with the people of India on the important issues of water conservation and water management.
This contest will be run by the Ministry of Water Resources, River Development and Ganga Rejuvenation in collaboration with MyGov portal of Government of India.
Any Indian citizen can upload their video entries on YouTube and enter the publicly accessible link on the Video link section of MyGov contest page www.mygov.in.
About Ministry of Water Resources, River Development and Ganga Rejuvenation:
♦ Union Minister: Nitin Gadkari.
♦ Minister of State: Shri Arjun Ram Meghwal, Dr. Satya Pal Singh.
Aadhaar-enabled DBT savings estimated over Rs 90,000 crore: UIDAI
On July 12, 2018, As per UIDAI, the estimated savings and gains since the inception of Aadhaar-based Direct Benefit Transfer (DBT) stood at overRs 90012 crore as on March 31,2018.
This was announced by chairman of the Unique Identification Authority of India (UIDAI) in a programme at India School of Business (ISB).
121 crore residents have so far enrolled for Aadhaar card and on an average over 30 million e-transactions are done using the identification system.
Aadhaar data is completely safe and secure and is kept in about 7,000 servers in Bengaluru and Manesar.
Improvements on research on Aadhar system in the areas of Artificial Intelligence, Machine Learning for fraud detection and the process of enrolment and security ecosystem are underway.
♦ Chairman (part time): Shri J. Satyanarayana.
♦ CEO: Dr. Ajay Bhushan Pandey.
Net Neutrality approved by Telecom Commission, Department of Telecommunications
On July 12, 2018, the Telecom Commission, the highest decision-making body in the Department of Telecommunications, approved the net neutrality rules implying internet will remain open to everybody in the country.
This is in sync with the recommendations of the Telecom Regulatory Authority of India (Trai).
Earlier, barred telecom operators from offering differential pricing of data, putting an end to Facebook’s Free Basics and Airtel Zero. The regulator had recommended a change in the licence conditions to restrict any form of discrimination in Internet access based on content.
The DoT will form a committee to identify critical services and come up with a separate regime for them which includes autonomous vehicles and digitized healthcare, certain types of traffic need to be prioritized.
The Secretary to the Government of India in the Department of Telecommunications is the ex-officio Chairmen of the Telecom Commission.
The part-time Members of the Telecom Commission are Chief Executive Officer, NITI (National Institution for Transforming India) Aayog, Secretary (Department of Economic Affairs), Secretary (Department of Electronics & Information Technology) and Secretary (Department of Industrial Policy & Promotion).
The Chief Executive Officer, NITI (National Institution for Transforming India) Aayog has been nominated as a (part-time) Member of the Telecom Commission.
First phase of Anna Canteens launched in Andhra Pradesh by CM N Chandrababu Naidu
On July 12, 2018, Andhra Pradesh Chief minister N Chandrababu Naidu inaugurated a canteen in Vijayawada to mark the launch of much-awaited‘Anna Canteens’ in various parts of the state.
Total 60 ‘Anna Canteens’ were opened in the first phase across the state.
These canteens are run by The Akshaya Patra Foundation in collaboration with the Municipal Administration and Civil Supplies Departments.
The second phase of the project will have additional 143 canteens which will be opened by August 15.
About the ‘Anna Canteens’ :
It is named after TDP founder-president NT Rama Rao
The first canteen was opened on a pilot basis close to the Government Transitional Headquarters in Amravati on March 2016.
In the Anna Canteen the breakfast, lunch and dinner would be offered at Rs 5 each.
The canteens will also have CCTV cameras. Thus, any person entering will have his finger print or iris captured for facial recognition preventing frauds.
Each canteen is expected to serve at least 350 plates for breakfast, lunch and dinner. The capacity can be extended to 500 plates.
♦ Governor: E.S.L. Narasimhan.
Information Technology Policy 2018 approved by Goa cabinet
On July 12, 2018, The Goa Cabinet approved Information Technology policy 2018
It focuses on reverse migration and creation of around 10,000 jobs in the next five years
It also proposes establishment of centres of excellence in collaboration with industry to promote skill development amongst faculty and staff of technical institutes.
National Parks: Salim Ali bird Sanctuary, Cotigao Wildlife Sanctuary, Bondla Wildlife Sanctuary, Netravali Wildlife Sanctuary, Goa Wildlife Sanctuary, Mhadei Wildlife Sanctuary.
Global Innovation Index (GII): India ranks 57th
India has ranked 57th in the Global Innovation Index (GII) developed by Cornell University, the Paris-based business school Insead and the World Intellectual Property Organisation (WIPO) in Geneva.
Global Innovation Index (GII): India ranks 57th:
India has ranked as the 57th most innovative country in the world. India has improved its rank from 60th position in 2017.
India has improved steadily since 2015 when it was ranked 81st. China has improved its rank from 22 in 2017 to 17 in 2018.
GII ranks 126 economies on the basis of 80 indicators. This is the 11th edition of GII.
Since 2011, Switzerland has been ranked on top every year. In 2018, it is followed by Netherlands at second spot and Sweden at third.
The US has dropped to sixth rank from fourth in 2017. There has been a rearrangement among themselves, but the top 10 countries in GII have not changed.
India is a top performer in the lower middle income group, in which it is ranked at 5th position.
It is the most innovative country in central and southern Asia. In the quality of innovation inputs and outputs category, India is ranked second after China in the lower and upper middle income group combined.Many Asian countries have been improving their ranks in the last five years including China, India, Philippines, Cambodia and Vietnam.
Four of the top five innovation clusters are in Asia, based on patents and publishing. San Francisco is the only innovation cluster outside Asia in the top five.
Tokyo is at the top. Also, two of the top five clusters are in China. Bengaluru, ranks at 65 among the top clusters in the world.
BANKING & FINANCE
MoU on Defence Salary Package signed between Indian Army and State Bank of India (SBI)
On 12th July 2018, a Memorandum of Understanding (MoU) was signed by the Indian Army and SBI (State Bank of India)on the Defence Salary Package.
About State Bank of India (SBI):
♦ Chairman – Rajnish Kumar
♦ Headquarters – Mumbai
♦ Tag line – With you all the way, Pure Banking Nothing Else, The Nation’s banks on us
India becomes 69th shareholder of European Bank for Reconstruction & Development (EBRD)
India has become the 69th shareholder of the European Bank for Reconstruction and Development (EBRD).
India becomes 69th shareholder of EBRD:
This would enable more joint investment with Indian companies across EBRD’s regions of operation.
The Indian government had applied for membership in the EBRD in December 2017.
The EBRD board of governors that represents all the existing shareholders, voted unanimously in favour of India’s application in March 2018.
Now, the entire membership process has been completed. Now, India takes a shareholding in the EBRD. But it will not be a recipient of EBRD financing.
EBRD held its inaugural business forum in Mumbai in June 2018. The conference was co-hosted with the Federation of Indian Chambers of Commerce and Industry (FICCI) along with Export-Import (EXIM) Bank of India.
It was held under the banner of “Mobilizing private sector finance in the EBRD region and how Indian companies can benefit”.
About European Bank for Reconstruction & Development (EBRD):
♦ Set up – 1991
♦ Headquarters – London
♦ President – Suma Chakrabarti
IDBI Bank raises lending rates by up to 10 bps
On 11th July 2018, IDBI Bank said that, it has increased its lending rates between 5 to 10 basis points for a few tenures, effective from 12th July 2018.
About IDBI Bank:
♦ MD and CEO – Mr. B. Sriram
♦ Headquarters – Mumbai
BUSINESS & ECONOMY
India’s first private Unmanned Air Vehicles (UAV) and Light Bullet Proof Vehicles (LBPV) manufacturing factory to be set up in in Kota
India’s first private sector unit for manufacturing Unmanned Air Vehicles (UAV) and Light Bullet Proof Vehicles (LBPV) will be set up by DCM Shriram Industries Group on the campus of Shriram Rayons in Kota.
India’s first private UAV and LBPV manufacturing factory:
Shriram Rayons, a company of DCM Shriram Industries Group, has been manufacturing rayon tyre cord in Kota for the past 54 years.
On 5th July 2018, the company obtained a licence from the centre to manufacture UAV and LBPV.
The UAV and LBPV are indigenously designed and developed by the DCM Shriram Industries Group.
Shriram Rayons’ Kota unit, has been developed on 11 acres. It will be India’s first private sector company to manufacture UAVs and LBPVs.
Total of 3000 LBPVs and 500 UAVs will be produced annually after the plant is set up.
These UAVs and LBPVs would be used by defence and para-military forces in India. UAVs will help in surveillance and LBPV will protect defence and para-military forces from light automatic weapon fire, IED blasts and small grenade attack
The new defence unit of Shriram Rayons in Kota is established under ‘Make in India’.
Some important dams in India:
♦ Bhakra Dam – Satluj River
♦ Lakhwar Dam – Yamuna River
♦ Pakal Dul Dam – Marusudar River
Entire Men’s Hockey team included in Target Olympic Podium Scheme (TOPS)
On 11th July 2018, the Mission Olympic Cell (MOC) of the Sports Ministry approved a monthly allowance of Rs 50,000 for each of the 18 members of the men’s hockey team under the Target Olympic Podium Scheme (TOPS).
About Hockey India:
♦ President – Rajinder Singh
♦ Location – New Delhi
July 12, 2018 celebrated as International Malala Day
July 12 is celebrated as International Malala Day as on July 12, 2013, Malala Yousafzai’s 16th birthday, she spoke at the UN to call for worldwide access to education. Today Malala turns 21.
According to World Bank, not educating girls or creating barriers in their school education globally costs between $15-30 trillion.
Less than two-thirds of girls in low-income countries complete primary school and only one in three girls completes lower secondary school.
According to the report, currently 132 million girls around the world between the ages of 6 and 17 are still not in school — 75 per cent of whom are adolescents.
In India, the largest of the 18 countries, the reduction was estimated at only -0.08 percentage point because the country has already gone through much of its demographic transition.
About Malala Yousafzai:
Malala Yousafzai is a Pakistani activist for female education and the youngest Nobel Prize laureate.
Thinks to Remember:
Some important lakes in India:
♦ Moti Lake – Madhya Pradesh
♦ Sarang Pani Lake – Madhya Pradesh
♦ Shahpura Lake – Madhya Pradesh
Some important temples in India:
♦ Vaishno Devi Temple – Katra, Jammu & Kashmir
♦ Golden Temple – Amritsar, Punjab
♦ Tirupati Balaji (Tirumala Venkateswara Temple) – Chittor, Andhra Pradesh
Some important bird sanctuaries in India:
♦ Bordoibam Beelmukh Birds’ Sanctuary – Assam
♦ Deepor beel bird sanctuary – Assam
♦ Panidihing bird sanctuary – Assam
Some important stadiums in India:
♦ Jawaharlal Nehru Stadium – Delhi
♦ Feroz Shah Kotla Stadium – Delhi
♦ Dhyan Chand National Stadium – Delhi
Some important airports in India:
♦ Sardar Vallabhbhai Patel International Airport – Ahmedabad, Gujarat
♦ Dholera International Airport – Dholera , Gujarat
♦ Srinagar Airport – Srinagar, Jammu & Kashmir
D C Raina appointed J&K advocate general
On 11th July 2018, Jammu and Kashmir Governor N N Vohra appointed D C Raina as the advocate general of Jammu and Kashmir.
D C Raina – advocate general of Jammu and Kashmir:
i. D C Raina was advocate general of Jammu and Kashmir in 2016 also when Governor’s rule was imposed in Jammu and Kashmir following the death of then chief minister Mufti Mohammad Sayeed and clash between the PDP and BJP (Bharatiya Janata Party) on formation of government.
ii. Also, the governor accepted the resignation of Jehangir Iqbal Ganaie, who was the advocate general during the PDP-BJP coalition government in Jammu and Kashmir.
About Peoples Democratic Party (PDP):
♦ Leader – Mehbooba Mufti
♦ Founder – Mufti Mohammed Sayeed
♦ Founded – 1999
SpiNNaker: Novel computer mimics human brain networks
Scientists have developed a computer named “SpiNNaker” that mimics human brain’s neural networks, and would overcome the speed and power consumption problems of conventional supercomputers.
SpiNNaker is a custom-built computer. It generated similar results similar to that of the best brain-simulation supercomputer software used at present for neural-signalling research.
This system would help to advance our knowledge of neural processing in the brain, to include learning and disorders like epilepsy and Alzheimer’s disease.
Thought of the day
“Good things come to people who wait, but better things come to those who go out and get them.”
Current Affairs Quiz based on the Current Affairs of 12th July