Current Affairs Today – October, 8th, 2017 | Latest News and Updates

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Current Affairs Today – October, 8th, 2017 | Latest News and Updates

INDIAN AFFAIRS

Indian Navy commissions INS Tarasa, a Water Jet Fast Attack Craft at Mumbai

Indian Navy commissions INS Tarasa, a Water Jet Fast Attack Craft at Mumbai

  1. INS Tarasa, a Water Jet Fast Attack Craft has been approved again for the the farwarded coastal and offshore surveillance and patrolling, has been given for the into the Indian Navy here on Tuesday.
  2. Western Naval Command chief Vice Admiral Girish Luthra, who commissioned the vessel, expressed the hope that “she would discharge her duties with elan and resolve, and bring laurels to the WNC”.
  3. He said the vessel, built in Kolkata, is of proven design with good endurance, low draught, high speed and manoeuvrability making her ideal for her primary role of extended coastal and offshore patrolling and surveillance.
  4. Luthra has said about the vessel’s crew and the Warship Overseeing Team, Kolkata, for ensuring that the ship was commissioned after completing all weapons and sensor trials.
  5. For this there is the maiden voyage of the vessel from Kolkata to Mumbai in rough weather bore testimony to her seaworthiness, he said.

KEY:

  1. The Indian Navy is the naval branch of the Indian Armed Forces
  2. The President of India is the Supreme Commander of the Indian Navy
  3. The Chief of Naval Staff, a four-star Admiral, commands the navy
  4. Motto: शं नो वरुणः (Sanskrit); Sham No Varunaḥ (IAST); May the Lord of the Water be auspicious unto us (English)
  5. Garrison/HQ: Integrated Headquarters, Ministry of Defence (Navy)
  6. Founded: 5 September 1612
  7. Vice Chief of the Naval Staff (VCNS): Vice Admiral Karambir Singh, AVSM
  8. Chief of the Naval Staff (CNS): Admiral Sunil Lanba, PVSM, AVSM, ADC
  9. Engagements: World War II, World War I


Government launches Electronic Negotiable Warehouse Receipt System

Government launches Electronic Negotiable Warehouse Receipt System

  1. Shri Ram Vilas Paswan, Union Minister of Consumer Affairs, Food and Public Distribution has initiated and launched for the Web Portal of Warehousing Development and Regulatory Authority (WDRA) & “Electronic Negotiable Warehouse Receipt (e-NWR) System” in New Delhi, today. At the time of the event he said that the Shri Paswan lauded the initiatives taken by the WDRA in simplifying the Warehouse Registration Rules, digitizing the entire process of registration, monitoring and surveillance as well as creation and management of Negotiable Warehouse Receipts (NWRs) in electronic form through two repositories.
  2. Shri Paswan has said, “The e-NWRs would have no chances of any tempering, mutilation, fudging, loss or damage and with no possibility of any multiple financing. Hence, these NWRs will not only facilitate an easy pledge financing by banks and other financial institutions but also smooth trading on various trading centres like commodity exchanges, electronic National Agriculture Markets (e-NAM) and other electronic platforms. He felt that these e-NWRs will save expenditure in logistics as the stocks could be traded through multiple buyers without physical movement and can be even split for partial transfer or withdrawal.”
  3. Shri Paswan has shows his expression that the initiatives would revolutionise the marketing of agricultural commodities and help farmers realize better price for their produce which will be a step towards doubling the farmers’ income by 2022 as well as Digital India mission as envisaged by the Hon’ble Prime Minister.
  4. Shri C R Chaudhary, Minister of State for Consumer Affairs, Food and Public Distribution and Ms. Preeti Sudan, Secretary, Department of Food and Public Distribution also attended the function as Guest of Honour and addressed the gathering.

 

Compulsory retirement for non-performing teachers and education officials above 50: Bihar Govt

Compulsory retirement for non-performing teachers and education officials above 50: Bihar Govt

  1. By seen of the very of the poor result in the results that comes in the 10 and the 12th there is the some of the new changes has been going to done, the government have send to notice to the schools and the colleges to do the retirement of the non performer and old age teachers and education department officials above the age of 50 years.
  2. Chief secretary Anjani Kumar Singh announced, “The state government is in the process of identifying non-performing institutions and all those responsible for poor show will be given compulsory retirement, as per government norms. A committee under Mahajan is already working under it to identify such headmasters, teachers, block education officers or district education officers,”
  3. “The government will send recommendations and the panchayati raj institutions will make the appointments, as is the case today. At present, PRI institutions are unable to find suitable candidates for recruitment. There will also be provision of guest faculty,” he said,
  4. At present, CBSE and ICSE students score above 95% in huge numbers, while Bihar board toppers barely reach 85%. The Bihar board will prepare model question papers with answers for students. Besides, a separate bill will be brought for the constitution of the Bihar State University Service Commission for recruitment on new vacancies” Singh added.
  5. “Now fresh tenders have been floated for both papers and printing. The supplies would begin from September. However, the state government is also seriously into developing the environment-friendly practice of using old books. This year, 32% books in good condition were taken from students moving to senior classes and efforts will be made to increase it from next year,” Anjani Kumar said.

KEYS:

  1. Bihar is a state in East India, bordering Nepal
  2. It is divided by the River Ganges, which floods its fertile plains
  3. Important Buddhist pilgrimage sites include the Bodhi Tree in Bodhgaya’s Mahabodhi Temple, under which the Buddha allegedly meditated
  4. In the state capital Patna, Mahavir Mandir temple is revered by Hindus, while Sikhs worship at the domed, riverside Gurdwara of Takht Sri Harmandir Sahib Ji
  5. Districts: 38
  6. Capital: Patna
  7. Population: 99.02 million (2012)
  8. Animal: Gaur (गौर)
  9. Points of interest: Ganges, Mahabodhi Temple, Bodhi Tree

 

 

INTERNATIONAL AFFAIRS

Israel to boost ‘White Revolution’ in Haryana

Israel to boost ‘White Revolution’ in Haryana

  1. The ‘White Revolution’ in Haryana has been getting forwarded for the boost up of the Israeli boost.
  2. “A leading state in milk production, Haryana would now benefit from the techniques and experience of Israel, leader in milk production in the world, for increasing the average milk production,” a minister said on Monday.
  3. Haryana’s Agriculture and Farmers’ Welfare Minister Om Prakash Dhankar, who is leading a delegation from Haryana to Israel, was speaking in Tel Aviv after meeting Minister of Agriculture and Rural Development of Israel, Uri Ariel.
  4. At this event he told about the event that the Ariel said cooperation with Haryana was a priority. The average milk production of milch animals in Israel in every year is 32 kg per day and it leads the world in milk production.
  5. “Israel is already working on five centers of excellence in Haryana. In future, work and cooperation between Haryana and Israel will increase and benefit former,” he said.
  6. “Haryana would now adopt techniques and experience of Israel to increase average milk production in the state,” Dhankar said.
  7. The agriculture ministers of both of the contributors that is of the Haryana and Israel agreed on further cooperation in the fields of horticulture, dairy and exchange of research among students and specialists in universities of agriculture, horticulture and animal sciences.

KEYS:

  1. Israel, a Middle Eastern country on the Mediterranean Sea, is regarded by Jews, Christians and Muslims as the biblical Holy Land
  2. Its most sacred sites are in Jerusalem
  3. Within its Old City, the Temple Mount complex includes the Dome of the Rock shrine, the historic Western Wall, Al-Aqsa Mosque and the Church of the Holy Sepulchre
  4. Israel’s financial hub, Tel Aviv, is known for its Bauhaus architecture and beaches.
  5. Capital: Jerusalem
  6. Currency: Israeli new shekel
  7. President: Reuven Rivlin

World’s tallest bamboo ‘Maa Durga’ idol

World’s tallest bamboo ‘Maa Durga’ idol

  1. A 100-ft tall bamboo idol of Goddess Durga has been set in the Guinness Book of Records for the tallest bamboo sculpture ever made in the world. The idol has been taken for the artisans of the Guwahati-based Bishnupur Durga Puja Committee.
  2. “Many people ask me why I make such Idols as I am a Muslim. But I want to tell that I have been doing this work since 1975. I always think that an artist has no religion and his only religion and duty is to serve humanity,” Ahmed told in the report.
  3. “The work started two months back. And the height was approximately 110 feet. But all of a sudden on 17th of this month, the whole structure struck down because of the strong storm here,” he said.
  4. “All the vendors and the people involved came to us after the structure fell down and said that whatever happened, let’s just forget that. We will start afresh. And till now almost 70 percent of the structure has been completed,” Deep said.
  5. “The specialty about this idol is that the whole structure is made of bamboo. Not a single thing is made of any metal or plastic,” he added.

 

Venezuela’s New Leaders Begin Their March toward Total Control

Venezuela's New Leaders Begin Their March toward Total Control

  1. Members of President Nicolás Maduro’s governing party has been goes at the Venezuela’s Capitol place on the Friday, he hazs been given the many of the calls for the member that is the 545-member body that is for the regenarate the many of the laws like the edit of the constitution of the nation.
  2. “This assembly didn’t emerge from nothing,” said Delcy Rodríguez, a former foreign minister who is with the Mr. Maduro who will lead the body. “It has dodged the obstacles thrown in its way by those who resist democracy.”
  3. “The mandate of this constituent assembly is to use its powers to make peace, to construct peace, for a new economic model,” he told supporters.
  4. “Today the Venezuelan people have demonstrated that they have the power,” said María Corina Machado, another opposition leader, in a video from the march. “The power is here, the power is not in this Dante-esque circle of hell that they’re installing” in the Capitol building.

KEYS:

  1. Venezuela is a country on the northern coast of South America with diverse natural attractions
  2. Along its Caribbean coast are tropical resort islands including Isla de Margarita and the Los Roques archipelago
  3. To the northwest are the Andes Mountains and the colonial town of Mérida, a base for visiting Sierra Nevada National Park
  4. Caracas, the capital, is to the north
  5. Capital: Caracas
  6. Currency: Venezuelan bolívar
  7. Recognized regional languages: Indigenous languages
  8. President: Nicolás Maduro

 

US pushes UN to slash N.Korea exports by a third over missile tests

US pushes UN to slash N.Korea exports by a third over missile tests

  1. A US-drafted United Nations Security Council resolution, that is comes in the mind of the media, has been set to the home of the third of the North Korea’s $3 billion has been banned in every year by the country like the trade of country that is the coal, iron, iron ore, lead, lead ore and seafood.
  2. In the council meeting there is the announcement of the many of the “high confidence” that North Korea and the China and Russia has been give the support to all the diplomate, which has been given in the 15 Security Council members on Friday.
  3. “These are export sectors where this money is viewed as a critical, critical source of hard currency that the North immediately turns around into its fantastically expensive war machine and these just amazingly expensive ballistic missile and nuclear weapons programs. These sanctions are not targeted at the people of North Korea” the diplomat said.
  4. The United States has been planning for the start of the voting on coming Saturday for the make of the strong of the North Korea’s two intercontinental ballistic missile (ICBM) tests in July, by the Russia and some other council members are asking for more time, diplomats said

KEYS:

  1. The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean
  2. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC
  3. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles’ Hollywood is famed for filmmaking
  4. Capital: Washington, D.C.
  5. President: Donald Trump
  6. Population: 323.1 million (2016)
  7. States: California, Hawaii, Florida, Texas, Massachusetts, Alaska,

 

BANKING AND FINANCE

IDBI Bank launches ‘Project Nishchay’ to improve financial performance

IDBI Bank launches ‘Project Nishchay’ to improve financial performance

  1. Public sector lender IDBI BankBSE -0.29 % hjas started the plan of the turn arround of the- ‘Project Nishchay’ in consultation with The Boston Consulting Group (BCG). The main aim of this project is to boost the power of the lender’s turnaround programme and improve financial performance.
  2. This project will has going to headed by the senior management at IDBI Bank along with BCG.
  3. IDBI Bank Managing Director and CEO Mahesh Kumar Jain said “BCG will assist us to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank.
  4. “With the support from our consulting partner, we hope to identify and address existing gaps, capitalize on core strengths and improve existing products and processes.”

KEYS:

  1. IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India
  2. Customer service: 1800 200 1947
  3. Credit card support: 1800 22 6999
  4. Headquarters: Mumbai
  5. CEO: Mahesh Kumar Jain (20 Mar 2017–)
  6. Founded: 1964
  7. Subsidiaries: IDBI Capital, IDBI Intech Ltd,

 

Reserve Bank announces its third bi-monthly policy review of current fiscal

Reserve Bank announces its third bi-monthly policy review of current fiscal

  1. Post the Third Bi-Monthly Monetary Policy Statement announcement, the policy rates and reserve ratios are as follows:
Policy Repo Rate 6.00% Reduced by 25 basis points. Earlier it was 6.25%
Reverse Repo Rate 5.75% Reduced by 25 basis points. Earlier it was 6.00%
Marginal Standing Facility Rate 6.25% Reduced by 25 basis points. Earlier it was 6.50%
Bank Rate 6.25% Reduced by 25 basis points. Earlier it was 6.50%
Cash Reserve Ratio (CRR) 4.00% Unchanged – since 9th February 2013
Statutory Liquidity Ratio (SLR) 20.00% Unchanged – since 7th June 2017

 

 

India on track to meet 3.2% fiscal deficit target – UBS Report

  1. The Indian government has started the tracking of the many of rthe3 fiscal of the growth of the 3.2 per cent of GDP in the current fiscal year; it is said in the report of the UBS. The global financial has said that there is the many types of the sence of the “stretched”.
  2. “Accordingly, the cumulative fiscal deficit reached 2.6 per cent of GDP FYTD. That said, we believe the central government will be able to achieve the fiscal target of 3.2 per cent of GDP in FY18,” UBS said in a research note.
  3. “We believe the governments stretched combined fiscal deficit could crowd out investment both public and private, which tends to have a durable impact on overall growth vs. consumption and poses upside risks to inflation,” it added.
  4. By seeing their report of the fiscal of the current year and that is the stretched out of the range that is the 1.9 per cent of GDP in 2011-12 to 3 per cent of GDP (including UDAY, a scheme to turn around state electricity boards) in 2016-17.

 

 SCIENCE AND TECHNOLOGY

Curcumin: Chemical from turmeric treats cancer in children

Curcumin: Chemical from turmeric treats cancer in children

  1. There is the new research has been done by the scientist of the U.S. they have developed the curcumin, the bioactive component of turmeric, holds the power to treat cancer in children.
  2. The research holder on the Children’s Hospital and the University of Central Florida (UCF) has been discovered that there is the micro particle which contains the curcumin which can hold and destroy neuroblastoma tumour cells.
  3. “This formulation induced substantial cell death in neuroblastoma cells while producing no or only minor toxicity in healthy cells,” says the report published in Nanoscale .
  4. Curcumin has been such the strength that it can act as the anti-cancer ability, but its low solubility and poor stability have restricted its use in therapeutic applications. The study demonstrates a treatment method “without the toxicity of aggressive therapy” and shows that nanoparticles can be “an effective delivery vehicle” for cancer drugs, said a statement from UCF.

KEYS:

  1. The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean
  2. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC
  3. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles’ Hollywood is famed for filmmaking
  4. Capital: Washington, D.C.
  5. Dialing code: +1
  6. President: Donald Trump
  7. Population: 323.1 million (2016)
  8. States: California, Hawaii, Florida, Texas, Massachusetts, Alaska

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