INDIAN AFFAIRS
Centre releases Rs 734.7 crore for 26
irrigation projects
Last week, Union Water Resources Ministry released central
assistance amounting to Rs 734.7 crore for 26 irrigation projects.
Funds for Irrigation Projects:
i. Out of the total amount Rs. 734.7 crore, Rs
246.9 crore is for nine prioritised projects under the Pradhan Mantri Krishi
Sinchayee Yojana (PMKSY) for Accelerated Irrigation Benefits
Programme (AIBP) works.
ii. Remaining Rs 487.80 crore is to be utilised
for Command Area Development (CAD) works for 17 projects.
iii. It is to be noted that during financial year
2017-18, central assistance amounting to Rs 1152.52 crore has been released for
26 priority projects under the AIBP so far. Besides, Rs. 3318.85 crore has been
released as state share from National Bank for Agriculture and Rural
Development (NABARD) for 24 priority projects under the AIBP.
India’s
richest 1% corner 73% of wealth generation: Survey
As per the survey and the accompanying report (titled ‘Reward Work, Not
Wealth’) released by the international rights group Oxfam, richest 1
per cent in India amassed 73 per cent of the wealth generated in the country
last year.
Highlights of Survey by Oxfam:
i. Wealth of 67 crore Indians (about 50% of the
population) rose by just 1 per cent during last year.
ii. As per the report, wealth of India’s
richest 1 per cent increased by overRs. 20.9 lakh crore during 2017,
which is equivalent to Indian Government’s budgetary allocation for 2017–18.
iii. On global level, richest 1 per cent managed to corner 82 per cent
of the wealth generated last year while wealth of 3.7 billion
comprising poorest half of world population did not increase at all.
iv. Findings of this survey have revealed rising income
inequality, not only in India but across the world.
Japan
sanctioned 45 billion yen loan Assistance to India for Bengaluru Water Supply
and Sewerage Project (Phase 3) (I)
Government of Japan has committed JICA (Japan International Cooperation Agency)
Official Development Assistance loan for Yen 45 billion for Bengaluru Water
Supply and Sewerage Project (Phase 3) (I).
Japan – 45 billion yen loan to Bengaluru:
i. On 24th January 2018, documents
regarding this was exchanged between Mr. S. Selvakumar, Joint
Secretary, Department of Economic Affairs, Ministry of Finance, India and H.E.
Mr. Kenji Hiramatsu, Ambassador of Japan to India.
ii. Bruhat Bengaluru Mahanagar Palike (BBMP) area, mainly
110 villages, will be covered by this project.
iii. People of this area will be provided with safe water
supply and sewerage services. Water treatment plants and sewage treatment
plants will be set up for this purpose.
About JICA (Japan International Cooperation Agency):
♦ Headquarters – Chiyoda, Tokyo, Japan
♦ President – Shinichi Kitaoka
♦ Purpose – Official development assistance
Uttar Pradesh Cabinet approves ‘one
district, one product’ scheme
On January 23, 2018, Uttar Pradesh State Cabinet approved ‘one district, one
product’ scheme to promote products indigenous to every district.
Uttar Pradesh State Government’s ‘one district, one product’ scheme:
i. Decision in this regard was as taken at State Cabinet
meeting chaired by Uttar Pradesh Chief Minister Yogi Adiatyanth.
ii. Under this scheme, one product
indigenous to every district of Uttar Pradesh would be showcased at the
three-day UP Diwas event beginning from January 24, 2018.
iii. Uttar Pradesh State Government expects that
implementation of this scheme will boost economic development of the state, and
will generate five lakh new employment opportunities per year.
Quick Facts about Uttar Pradesh:
♦ Capital – Lucknow
♦ Current Governor – Ram Naik
♦ Current Chief Minister – Yogi Adityanath
♦ Important National Park – Dudhwa National Park
INTERNATIONAL
AFFAIRS
World Economic Forum annual meeting held
in Davos, Switzerland
The annual meeting of World Economic Forum (WEF) is being held in Davos,
Switzerland from 23rd – 26th January 2018.
Highllights of WEF MeetingI
i. This year’s theme is “Creating a Shared Future in a
Fractured World”.
ii. Shah Rukh Khan received Crystal award for raising awareness about
human rights issues and his work for acid attacks victims
iii. For the first time in the 48-year history of the World
Economic Forum (WEF), its annual meeting, being held in Davos, Switzerland from
23rd – 26th January 2018 will be chaired
entirely by women.
iii. World Economic Forum (WEF) has partnered with
Reliance Industries Ltd. to set up Centre for Fourth Industrial
Revolution (C4IR) in India.
iv. World Economic Forum (WEF) announced the launch of a
new Global Centre for Cybersecurity. Headquarters of this centre
is located in Geneva, Switzerland. The centre will become
operational from March 2018.
India
Ranks 81st on Global Talent Competitiveness Index
India has ranked 81st out of 119 countries on 2018
Global Talent Competitiveness Index (GTCI). This marks an
improvement as compared to 92nd rank in 2017. The index was
released on January 23, 2018, the first day of World Economic Forum Annual
Meeting in Davos, Switzerland
i. 2018 Global Talent Competitiveness Index (GTCI) has
been developed by INSEAD, Adecco Group and Tata Communications.
ii. 2018 Global Talent Competitiveness Index
(GTCI) report has been titled ‘Diversity for Competitiveness’ and
focuses on role of diversity in forming talent policies and innovation
strategies.
India
ranks 177 on Environment Performance Index 2018
India has ranked 177th among 180 countries on Environmental Performance
Index 2018. This marks a drop from 141st position in 2016. The Index
was released on January 23, 2018, the first day of World Economic Forum Annual
Meeting in Davos, Switzerland
Highlights of Environment Performance Index 2018:
i. Decline in India’s rank as compared to 2016 can be attributed
to the quality of data and the broadening the base of parameters. However, Indian
Government’s ‘Ujjwala Yojana’ got a special mention in the report.
Sri
Lanka bans import of non-airbag equipped vehicles
The Sri Lankan government has announced that, the ban on import of vehicles
that are not fitted with air bags and seat belts and below the emission levels
as per Euro IV standard, will come to act on 1st July 2018.
Ban on non-airbag equipped vehicles in Sri Lanka:
i. This ban was supposed to come to effect from 1 January
2018. After hearing requests from motor vehicle importers and manufacturers to
extend time to comply with the standards mentioned by government, the ban has
been postponed to 1st July 2018.
ii. As per the ban, from 1st July
2018, vehicles without airbags and seat belts for the driver and front
passenger, Anti-Locking Breaking System (ABS) standards and three-point seat
belts at the back portion will not be permitted for import.
Some Cabinet Ministers of Sri Lanka:
♦ President – Maithripala Sirisena
♦ Prime Minister – Ranil Wickremesinghe
♦ Minister of Home Affairs – Vajira Abeywardena
BANKING &
FINANCE
IOB inks pact with National Housing Bank
for RHIS scheme
On January 23, 2018, public sector lender Indian Overseas Bank announced that
it has entered into an agreement with the National Housing Bank (NHB) for
implementation of the Rural Housing Interest Subsidy Scheme
(RHISS) of Union Ministry of Rural Development.
Details about IOB-NHB tie-up:
i. A memorandum of understanding (MoU) in this regard was
signed in the presence of IOB MD and CEO, R. Subramaniakumar and MD and CEO of
National Housing Bank, Sriram Kalyanaraman.
ii. Objective of this scheme is to provide subsidy for
loans to households in rural areas for undertaking construction and
modification activities.
iii. Under this scheme, 3% interest subsidy
is offered on a loan amount of Rs two lakh for a tenure of 20 years.
Quick Facts about IOB:
♦ Founded in – 1937
♦ Headquarters – Chennai, Tamil Nadu
♦ Current MD & CEO – R. Subramania Kumar
♦ Tagline – ‘Good People to Grow With’
Prodigee
Finance granted NBFC-ND license from RBI
Bhopal-based Prodigee Finance Limited has received
Non-Banking Financial Company (NBFC-ND) license from Reserve Bank of India
(RBI). ‘ND’ indicates Non-Deposit accepting NBFC.
About Prodigee Finance Ltd.:
i. Enterslice, a consulting firm specialising in NBFC
registration had helped Prodigee Finance in the entire process.
ii. By attaining the NBFC licence, Prodigee
Finance will now be able to extend loans to Small and Medium sized Enterprises
(SME) as part of their services.
iii. Prodigee Finance is keen on providing SME loans as
it believes that it will not only help borrowers who don’t have access to
credit but will also boost the local economy.
BUSINESS
ONGC borrows Rs 4000 crore from ICICI
Bank for buying HPCL
Oil and Natural Gas Corporation (ONGC) has borrowed Rs 4,000 crore from
ICICI Bank to acquire HPCL.
ONGC
borrows Rs 4K crore from ICICI Bank for buying HPCL:
i. ICICI Bank has provided the Rs 4,000 crore loan to
ONGC for a period of one year. ONGC has borrowed this amount to acquire
government’s 51.11 % stake in Hindustan Petroleum Corp Ltd (HPCL).
ii. Apart from this Rs 4,000 crore loan from ICICI Bank,
ONGC has taken, over Rs 18,000 crore loan from 3 other banks to acquire HPCL.
The total acquisition amount is Rs 36,915 crore.
iii. ONGC has signed a deal with PNB (Punjab National
Bank) for Rs 10,600 crore. It has signed deals with Bank of India for Rs 4,460
crore and with Axis Bank for Rs 3,000 crore.
About Oil and Natural Gas Corporation Limited (ONGC):
♦ Headquarters – Dehradun, Uttarakhand
♦ Chairman & MD – Shashi Shanker
APPOINTMENTS
& RESIGNS
Rajesh Agarwal appointed as Ambassador of
India to Republic of Niger
On 23rd January 2018, Rajesh Agarwal was appointed as the next
Ambassador of India to the Republic of Niger.
Rajesh Agarwal – Ambassador of India to the Republic of Niger:
i. Rajesh Agarwal is currently the Counsellor, High
Commission of India, Port Moresby. He has been appointed as the next Ambassador
of India to the Republic of Niger.
ii. He will soon take charge as the Ambassador of India
to the Republic of Niger.
Ambassadors and High Commissioners of India to various countries:
♦ United States – Navtej Sarna
♦ United Kingdom – Yashvardhan Kumar Sinha
♦ United Kingdom – Yashvardhan Kumar Sinha
♦ United Arab Emirates – T.P. Seetharam
U.S.
Senate confirms Governor Jerome H Powell as Chairman of Federal Reserve
On 24th January 2018, the United States Senate appointed Jerome
H Powell as the next Chairman of the Federal Reserve.
Jerome
H Powell – Chairman of Federal Reserve:
i. Jerome H Powell replaces Janett Yellen as Chairman of Federal
Reserve. Janett Yellen’s term ends in February 2018.
ii. Jerome H Powell is 64 years old. His appointment was
confirmed by the Senate through a vote in which he obtained 84-12. Currently,
Jerome H Powell is a Federal Governor.
About Federal government of the United States:
♦ Headquarters – The White House
♦ Leader – President of the United States – Donald Trump
Tsewang
Namgyal appointed as Ambassador of India to Poland
On 24th January 2018, Tsewang Namgyal was appointed as the next
Ambassador of India to the Republic of Poland.
Tsewang Namgyal – Ambassador of India to the Republic of Poland:
i. Tsewang Namgyal is an Indian Foreign Service Officer
(IFS) of the 1992 batch. He is at present the Ambassador of India to Cuba.
ii. He has been named the next Ambassador of India to the
Republic of Poland. He will soon take up his new assignment.
India’s Permanent representatives to international organizations:
♦ Conference on Disarmament – Gaurav Sobti
♦ United Nations (New York City) – Syed Akbaruddin
♦ World Trade Organization – Mr. J.S. Deepak
SCIENCE &
TECHNOLOGY
Management Information System (MIS)
portal for Anganwadi Services Training Programme launched by WCD Ministry
On 24th January 2018, Rakesh Srivastava, Secretary, Ministry of
Women and Child Development, unveiled the Management Information System (MIS)
portal for Anganwadi Services Training Programme, in New Delhi.
MIS Portal for Anganwadi Services Training Programme:
i. The Management Information System (MIS) portal
was developed jointly by the Ministry
of Women and Child Development and National Informatics Centre (NIC). URL of
the MIS portal is http://icds-trg.nic.in.
ii. The MIS Portal has been created to enable submission
of applications by NGOs (non-governmental organization) for carrying out
Anganwadi Services (ICDS – Integrated Child Development Services) Training
through Anganwadi Workers Training Centres (AWTCs) and Middle Level Training
Centres (MLTCs).
iii. The first phase of MIS portal will let NGOs submit
proposal to the States. The states will process the proposals and recommend
funds for running the Programme.
iv. The Central government will in turn look into the
proposal and release funds for the Programme.
About National Informatics Centre (NIC):
♦ Director General – Neeta Verma
♦ Headquarters – New Delhi
SPORTS
Rakhi Halder creates new national record
in the 33rd Women Senior National Weightlifting Championships
On 23rd January 2018, Rakhi Halder made a new national record
by lifting 128kgs in the clean and jerk, in the 63kg women’s category, in the
33rd Women Senior National Weightlifting Championships, in Mangaluru,
Karnataka.
Rakhi Halder – National record in Women Senior National
Weightlifting Championships:
i. Rakhi Halder lifted 128kgs in the clean and
jerk for a total of 230kgs in the 63kg women’s category. She
created a new national record surpassing Karnam Malleswari’s record of 127kg at
Athens in 1999.
ii. Rakhi Halder won gold medal in the 63kg
women’s category. S Thasana Chanu (202kg) won silver medal and
Amandeep Kaur (191kg) won bronze in this category.
Some dams in Karnataka:
♦ Tungabhadra Dam – Tungabhadra River
♦ Krishna Raja Sagara Dam – Kaveri River
♦ Linganamakki Dam – Sharavathi River
OBITUARY
Veteran Communist leader Yashwant Chavan
passes away
On 23rd January 2018, veteran Communist leader Yashwant
Chavan died after a short time illness, at a private hospital in Pune,
Maharashtra.
Death of Yashwant Chavan:
i. Yashwant Chavan was 97 years old. He founded the ‘Lal
Nishan Party’ (Red Flag Party) in 1965, after he split with the CPI (Communist
Party of India).
ii. He also played an important role in the Navjivan
Sangathana (‘New Life Organization’). The Lal Nishan Party was merged with CPI
in August 2017.
About Communist Party of India (CPI):
♦ Headquarters – New Delhi
♦ Secretary-General – S. Sudhakar Reddy
♦ Lok Sabha leader – C. N. Jayadevan
♦ Rajya Sabha leader – D. Raja
Hugh Masekela, South African jazz
trumpeter, dies
On 23rd January 2018, Hugh Masekela, jazz trumpeter of
South Africa, died after suffering from prostate cancer, in Johannesburg, South
Africa.
Death
of Hugh Masekela:
i. Hugh Masekela was 78 years old. He was called
the “the father of South African jazz”.
ii. He was born in Witbank, a town in eastern South Africa.
He composed Soweto Blues and wrote Bring Him Back Home (Nelson Mandela).
iii. Bring Him Back Home (Nelson Mandela) was considered
an anthem of the anti-apartheid struggle. He contributed a lot to end
apartheid.
About Nelson Mandela:
♦ 1st President of South Africa
♦ Political party – African National Congress
♦ Known for – Anti-Apartheid Movement
IMPORTANT DAYS
National Girl Child Day
On 24th January 2018, National Girl Child Day was
celebrated all over India.
National Girl Child Day:
i. National Girl Child Day is celebrated every year on 24
January to highlight the achievements of girl children and to focus on issues
like sex ratio, female foeticide, child marriage, gender inequality, etc.
Rapid
Reporting System for the Scheme for Adolescent Girls:
i. The first phase of Rapid Reporting System
for the Scheme for Adolescent Girls was launched on National Girl
Child Day (24 January 2018) by Rakesh Srivastava, Secretary, Women
and Child Development.
ii. Rapid Reporting System is an online monitoring system
to take measures for girls’ nutritional and health status by targeting
beneficiaries and reducing wastages. The URL for the portal is http://sag-rrs.nic.in/
iii. The Scheme for Adolescent Girls works for the needs
of out-of-school adolescent girls in the age group of 11-14 years. These girls
are also motivated to join school.
Some Welfare schemes for women in India:
♦ Mother and Child Tracking System (MCTS)
♦ The Indira Gandhi Matritva Sahyog Yojana Conditional Maternity Benefit plan
(CMB)
♦ Rajiv Gandhi Scheme for Empowerment of Adolescent Girls – Sabla
No comments:
Post a Comment