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Current Affairs National
Indian set to begin operations at Chabahar Port by May-end
- India is all set to start operations on a part of the Chabahar Port by May-end on borrowed Iranian equipment.
- The internal arrangement to operationalise the port within the next three months is part of the agreement signed during Iranian president Hassan Rouhani’s recent visit to India.
- As per the deal, Tehran will lease out operational control of a part of Chabahar Port, to India for 18 months.
Justin Trudeau meets PM Modi
- Prime Minister Narendra Modi on Friday welcomed Canadian Prime Minister Justin Trudeau and his family at the Rashtrapathi Bhavan.
- Mr. Modi tweeted, “I look forward to meeting PM @JustinTrudeau and holding talks on further strengthening India-Canada relations in all spheres. I appreciate his deep commitment to ties between our two countries.”
Centre reboots eNAM to draw more farmers
- To engage more farmers on the electronic National Agriculture Market (eNAM) platform, the government on Wednesday unveiled mobile payment facility BHIM, and other features in regional languages as well.
- The eNAM website is now available in Gujarati, Marathi, Tamil, Telugu, Bengali and Odia besides Hindi and English, while the eNAM trading facility is available in six languages.
Government of India signs a MoU with Canada’s International Development Research Centre (IDRC)
- A Memorandum of Understanding between the Government of the Republic of India and Canada’s International Development Research Centre (IDRC), to usher the “programme based research support” in addressing current and future global and local developmental challenges, was signed on Thursday, 22 February, 2018 at New Delhi between Shri S. Selvakumar, Joint Secretary (Bilateral Cooperation), Department of Economic Affairs and Dr. Jean Lebel, the President of IDRC, Canada.
- During the signing ceremony, Indian side appreciated the contribution of IDRC in supporting quality research in various fields including finance, agriculture, industry and health in India.
Current Affairs Business and Economy
RBI issues new KYC norms for payments banks
- RBI has directed payments banks to get their KYC information verified by third parties.
- An RBI letter sent to chief executive officers of payments banks said “reliance on KYC (know-your-customer) done by telecom companies is not permissible”.
- The third party has to be regulated, supervised, monitored and should have steps in place for compliance with customer due diligence and record-keeping requirements, in line with the requirements of the Prevention of Money Laundering Act, RBI said.
Capital First gets NHB nod for merger with IDFC Bank
- The regulator National Housing Bank (NHB) has approved the merger of the Capital first along with Capital Home Finance and Capital First Securities Limited with IDFC Bank.
- The merger is likely to be completed in the next two- three quarters.
UP govt signs pact with Amazon India for khadi products sale
- Uttar Pradesh’s Khadi and Village Industries Board signed a pact with Amazon India to facilitate online selling of Khadi products.
- As part of an MoU, Amazon India will educate, train and enable rural khadi artisans to directly sell their products to Amazon.in customers across the country under the brand of UP Khadi’
- While Khadi and Village Industries Board CEO Avinash Krishna Singh signed the MoU on behalf of the Uttar Pradesh Government, Seller Services Director and GM Gopal Pillai signed on behalf of Amazon India.
‘NITI Aayog preparing new list of sick PSUs’
- NITI Aayog is working on a new list of sick and loss-making Public Sector Units (PSUs) that could be privatised, said CEO Amitabh Kant.
- “NITI Aayog has already given recommendations with regard to strategic disinvestment of 40 PSUs.
- Department of Investment and Public Asset Management (DIPAM) is working on it and the process is in an advanced stage,” Mr. Kant said on Wednesday.
NITI Aayog Budget Allocation increased by more than 20%
- Allocations for the Ministry of Planning, which is embodied by the NITI Aayog, have increased by more than 20% over last year i.e. to Rs 339.65 crore in 2018-19 from Rs 279.79 crore in 2017-18.
- Further, the budget envisages a defined role for NITI Aayog in critical areas of artificial intelligence and agriculture policy, apart from reiterating a shared vision for national development in line with NITI Aayog’s Three Year Action Agenda, the Seven Year Strategy and the 15 Year Vision Document.
Current Affairs Sports
ICC approves Cricket Canada’s T20 league
- The ICC has given nod to Cricket Canada’s ambitious maiden venture Global T20 Canada, which is expected to be held in July this year with three venues being earmarked in Toronto.
- The three venues are Toronto Cricket Skating and Curling Club (where Sahara Cup was played for three seasons between India and Pakistan), Sunnybrook Park, Maple Leaf Cricket Club.
- Four Canadian local players will be playing in every squad, with T20 freelancers from Pakistan, West Indies, New Zealand expected to play their trade.
Current Affairs World
India International Textiles Expo begins in Colombo
- A three –day India International Textiles Expo (IITExpo) of India began in Sri Lankan capital of Colombo on Wednesday.
- It is being organized by Powerloom Development & Export Promotion Council (PDEXCIL) with the support of Union Ministry of Textiles & Ministry of Commerce & Industry.
- Inaugurating the event, Sri Lankan minister of Special Assignments Dr. Sarath Amunugama said that Sri Lanka sourcing of textile material from India and transforming it into apparel and garments for rest of the world, could lead to win-win situation for both the countries.
Australian Deputy Prime Minister quits Cabinet over harassment claim
- Australia’s beleaguered deputy prime minister resigned from the Cabinet on Friday over allegations that he sexually harassed a woman, but said he would not resign from Parliament.
- By staying in Parliament Barnaby Joyce ensures that Prime Minister Malcolm Turnbull’s single-seat majority in the House of Representatives is maintained.
Ford’s president of North America is out over ‘inappropriate behavior’
- Raj Nair, Ford’s president of North America, is out after an internal investigation into reports of “inappropriate behavior.”
- Nair has been head of Ford’s North America division since June 2017. Before that, he served as Ford’s head of global product development and chief technical officer. He first joined Ford in 1987 as an engineer, according to a company bio.
Current Affairs Miscellaneous
SpaceX successfully launches Falcon 9 carrying internet satellites
- SpaceX successfully launched another Falcon 9 rocket today carrying Spain’s radar imaging Paz satellite as well as two of its own satellites, Microsat-2a and -2b.
- The two experimental satellites will be used to test SpaceX’s plan to deliver internet to people around the globe through thousands of low-orbit satellites.
A soft robot that crawls like a snake
- Harvard scientists have developed a soft, crawling robotic snake using kirigami — an ancient Japanese paper-cutting technique.
- As the robot stretches, the flat kirigami surface is transformed into a 3D-textured surface, which grips the ground just like snakeskin.
- These soft robots could be used in exploration, inspection and search and rescue missions.
India ranks 81st in global corruption perception index
- India has been ranked 81st in the global corruption perception index for 2017, released by Transparency International, which named the country among the “worst offenders” in terms of graft and press freedom in the Asia Pacific region.
- The index, which ranks 180 countries and territories by their perceived levels of public sector corruption, placed India at the 81st place.
- In the 2016 India was in the 79th place among 176 countries.
- The index uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.
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