National

National

Project Utkrisht launched by Indian Railways

Indian Railways launched its Project ‘Utkrisht’ to upgrade 140 rakes of Mail/Express trains in the first phase.

The first train to have been revamped is: 12311/12312 Howrah-Kalka Mail of Eastern Railway which was coloured beige and maroon.

Indian Railways:

♦ Union Minister: Piyush Goyal.

National Khadi Festival 2018 inaugurated by Union MSME Minister

Union Minister for Micro Small & Medium Enterprises, Shri Giriraj Singh inaugurated a month long- National Khadi Festival 2018 in Mumbai.
Objective:
To promote Khadi products

Maharashtra:

♦ Capital: Mumbai.
♦ Chief Minister: Devendra Fadnavis.
♦ Governor:  C. Vidyasagar Rao.
♦ National Parks: Tadoba Andheri Tiger Reserve, Chandoli National Park, Sanjay Gandhi National Park, Navegaon National Park.

NAREDCO & Housing Ministry signed MoU to provide skill training to 2.5 lakh urban poor in construction sector

The National Real Estate Development Council (NAREDCO) signed an MoU with the Ministry of Housing and Urban Affairs for training of 2.5 lakh urban poor in the construction sector.
This will be implemented under Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM).
The implementation of this initiative will be carried out through training providers empanelled with the Construction Sector Skill Council (CSDCI).

NAREDCO:

♦ Headquarters: New Delhi.
♦ National President: Niranjan Hiranandani

IIT-Kharagpur named national coordinator for research scheme- ‘SPARC’ of HRD ministry

IIT-Kharagpur was named the national coordinating institute of the Scheme for Promotion of Academic and Research Collaboration (SPARC) under the Ministry of Human Resource Development.

About Scheme for Promotion of Academic and Research Collaboration (SPARC):
♦ Launched : 2018.
♦ Budget : Rs. 418 crore for 2018-20.

Yuva Nestam launched in Andhra capital of Amaravati on Gandhi Jayanti

On the eve of Gandhi Jayanti, Andhra Pradesh Chief Minister N Chandrababu Naidu launched the ‘Mukhyamantri Yuva Nestham’ scheme  in Amaravati.

Andhra Pradesh:

♦ Chief Minister: N Chandrababu Naidu.
♦ Governor: E.S.L Narasimha.
♦ Capital: Amravati.
♦ National Parks: Sri Venkateswara National Park, Rajiv Gnadhi National Park, Papikonda National Park.

Manipur declared as 23rd open defecation free state: CM of Manipur

Manipur Chief Minister N Biren Singh declared Manipur as the 23rd state in the country to become Open Defecation Free (ODF) in India.

Manipur:

♦ Chief Minister: N Biren Singh.
♦ Governor: Najma Heptulla.
♦ Capital: Imphal.
♦ National Parks: Keibul Lamjao National Park, Sirohi National Park.

Sahyog-Hop Tac 2018: joint exercise of India, Vietnam commenced in Chennai

A joint exercise of ‘Sahyog-Hop Tac 2018’ commenced off Chennai coast between Vietnam and India.

Background:

It is part of an MoU for cooperation was signed between the countries in 2015.
Vietnam:
♦ Capital: Hanoi.
♦ Currency: Vietnamese dong.

International

International

14 –day IBSAMAR VI: India, Brazil & SA Navies train to build interoperability in South Africa

The a 14 –day 6th edition of IBSAMAR, a joint Multi – National Maritime Exercise between the Indian, Brazilian and South African Navies commenced at Simons TownSouth Africa.

Background:
♦ For the first time, earlier in 2018 from Feb 19-26, IBSAMAR (IBSAMAR V) was conducted off Goa as all previous exercises were held in South Africa.
♦ Initiated in 2008.
South Africa:
♦ Capital: Pretoria, Cape Town.
♦ Currency: South African rand.
Brazil:
♦ Capital: Brasilia.
♦ Currency: Peso.

India launches ‘Operation Samudra Maitri’ to help tsunami-hit Indonesia

India launched ‘Operation Samudra Maitri’ in Central Sulawesi Province of the Republic of Indonesia.

Objective:
To assist victims of earthquake and tsunami in Indonesia.

Indonesia:

♦ Capital: Jakarta.
♦ Currency:  Indonesian rupiah.
♦ President: Joko Widodo.

Banking-Finance

Banking & Finance

Asian Development Bank (ADB) and India sign $150 Million Loan to improve Regional Connectivity in North Bengal and North-East

Asian Development Bank (ADB) and the Government of India signed a $150 million loan to finance regional connectivity projects in North Bengal and North Eastern states.
It is the 2nd tranche of a $500 million loan agreement for the South Asia Subregional Economic Cooperation (SASEC) Road Connectivity Investment Program.

ADB:

♦ Headquarters: Manila, Philippines.
♦ President: Takehiko Nakao.
♦ Established in 1966.
♦ Members: 67 (48 regional members).

UNCTAD expects India’s GDP to rise 7% in 2018

The United Nations Conference on Trade and Development (UNCTAD) in its Trade and Development Report predicted the GDP growth of India for 2018 to be at 7%.

UNCTAD
♦ Headquarters: Geneva, Switzerland.
♦ Secretary-General: Mukhisa Kituyi .

Bajaj Finance increased fixed deposit rate of interest across various customer categories

Bajaj Finance, the lending and investment arm of Bajaj Finserv, increased its interest rate for Fixed

Bajaj Finserv:
♦ Headquarters: Pune, Maharashtra.

Infosys Finacle launched digital engagement solution for banks for tailored experiences

Infosys Finacle, a part of Infosys’ product subsidiary EdgeVerve Systems launched a Digital Engagement Suit for banks.

Objective:
To interact with customers with customized experiences.
Infosys:
♦ Headquarters: Bengaluru.
♦ President: Mohit Joshi.

Udyam Abhilasha: 6-day long National Level Entrepreneurship Awareness Campaign launched by  SIDBI

Small Industries Development Bank of India (SIDBI) launched a six-day national level entrepreneurship awareness campaign–Udyam Abhilasha.

For its implementation it has partnered with Banks, NABARD, NBFCs, SFBs, District Industries Centres, State Govt. etc.
Also, the Ministry of Electronics & IT, Govt. of India had set up a Special Purpose Vehicle, (CSC SPV)- CSC e-Governance Services India Limitedto work with SIDBI.

SIDBI:

♦ Full Form: Small Industries Development Bank of India.
♦ Headquarters: Lucknow, Uttar Pradesh.
♦ CMD: Shri Mohammad Mustafa.
♦ It is the Principal Financial Institution for the Promotion, Financing, Development and Coordination of the Micro, Small and Medium Enterprise (MSME) sector.

Miscellaneous

Awards & Recognition

South Sudanese surgeon Dr. Evan Atar Adaha receives 2018 Nansen Refugee Award

UNHCR (United Nations High Commissioner for Refugees) conferred 2018 Nansen Refugee Award to Dr. Evan Atar Adaha in Geneva, Switzerland.

Appointments

Justice Ranjan Gogoi sworn-in as 46th Chief Justice of India

Justice Ranjan Gogoi was sworn-in as the 46th Chief Justice of India (CJI).
Key Points:
Justice Ranjan Gogoi was administered the oath by President Ram Nath Kovind. He is the first Chief Justice of India from the north-east.
Barham Salih elected as Iraq’s new president
Barham Salih was elected as 8th president of Iraq.

Key Points:
Patriotic Union of Kurdistan (PUK)’s Barham Salih secured 219 votes while his rival Fuad Hussein of Kurdistan Democratic Party (KDP) obtained 22 votes in the presidential election.
He has named Adel Abdul Mahdi as prime minister-designate and has bestowed him the responsibility of forming a new government.

About Iraq:

♦ Capital – Baghdad
♦ Currency – Iraqi dinar
♦ Official languages – Arabic, Kurdish

Facebook names Adam Mosseri as CEO of Instagram

Adam Mosseri has been named the CEO (Chief Executive Officer) of Facebook owned Instagram.

Key Points:
Adam Mosseri replaces Kevin Systrom who resigned recently. Adam Mosseri was previously the Vice President of Product at Instagram. He had joined Facebook in 2008.

About Facebook:

♦ CEO – Mark Zuckerberg
♦ Headquarters – California, U.S.

Sudhir Garg appointed as CMD of National Small Industries Corporation (NSIC)

MSME Joint Secretary Sudhir Garg has taken charge as interim CMD (Chairman-cum-Managing Director) of National Small Industries Corporation (NSIC).
Key Points:

NSIC is a PSU (Public Sector Unit) that functions under the administrative control of the Ministry of Micro, Small and Medium Enterprises (MSME).

Athlete Sanya Richards-Ross will be the event ambassador for the Airtel Delhi half marathon

Athlete Sanya Richards-Ross has been named as the event ambassador for the Airtel Delhi Half Marathon that will be held on 21st October 2018.

Science & Technology

Japan’s Hayabusa2 probe launches new robot MASCOT onto asteroid Ryugu’s surface

Japan’s Hayabusa2 probe launched the French-German Mobile Asteroid Surface Scout, or MASCOT, towards asteroid Ryugu’s surface.

About Japan Aerospace Exploration Agency (JAXA):

♦ President – Hiroshi Yamakawa
♦ Headquarters – Tokyo, Japan

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