Current Affairs Today – January, 8th, 2018 | Latest News and Updates

INDIAN AFFAIRS

West Bengal CM Unveils Official Emblem of West Bengal Government

West Bengal CM Unveils Official Emblem of West Bengal Government

  1. The official emblem of West Bengal that had inaugurates by the Chief Minister Mamata Banerjee on January 5. This project has designed by the Ms. Banerjee features the Ashoka Pillar.
  2. “We had to do this (create the State emblem) 70 years after Independence because it has never been thought of before. No one here thought that every State should have its individuality,” the Chief Minister said during the ceremony to unveil emblem at the State Secretariat Nabanna.
  3. Describing the occasion as “historic”, the Chief Minister said that henceforth the State emblem can be used in all the official work and documents of the State government. “We will use the emblem in all the official documents and work of the State government after issuing notification from today. But executing the process in all the departments will take some time,” Ms. Banerjee said.
  4. “Some States have their own emblem and some don’t. When it came to our notice, an expert committee was set up and the design was sent to the Centre for approval. It took quiet sometime but better late than never,” said Ms. Banerjee. The design was sent for Central approval in May 2017.
  5. “We have also sent a request to the Centre about changing the name of the State. Discussions are being held and as soon as we get the official approval we will announce it,” she said. Her Cabinet decided in September 2017 that the State’s name will be Bangla in all the languages.

 

World Book Fair Begins in Delhi

World Book Fair Begins in Delhi

  1. The New Delhi World Book Fair (NDWBF), that is the one of the most praisefull events in the publishing world, will be held in the Capital during January 6-14 at Pragati Maidan. The fair, organised by National Book Trust, India, promotes titles, trade, co-publication titles and – above all – the habit of reading.
  2. The fair’s theme was ‘Manushi’ and had focused on writings on and by women from ancient times till the present. Considering the ramifications of climate change and in a bid to promote the same, this year the theme of the event is “Environment & Climate Change”
  3. In the authors’ corner, visitors get to interact with some of the well-known writers like Ruskin Bond, Jerry Pinto, Michael Creighton, Paro Anand, Mridula Garg and Ranjit Lal among others.
  4. The author interactions will be held at five Authors Corners in Reflections (Hall 11), Conversations (Hangar over lake), International Events Corner (Hall 7A), Lekhak Manch (Hall 12-12A), and Sahitya Manch (Hall 8).

 

Defence Ministry Clears Arms Procurement Contracts worth Rs2, 420 crore for Navy and Army

Defence Ministry Clears Arms Procurement Contracts worth Rs2, 420 crore for Navy and Army

  1. Defence Ministry has signed the contracts worth of Rs. 2,420 crore rupees for Navy and Army, which includes the procurement of P-8I Training Solution and Low-Intensity Conflict Electronic Warfare System (LICEWS).
  2. In this training session, there will be the simulation of the P-8I aircraft and mission systems.
  3. By this there will be the help of the Indian Navy train and realistically rehearse for sophisticated missions involving P-8I aircraft.
  4. The procurement of LICEWS will be done from Bharat Electronics Limited to 470 crore rupees.

 

INTERNATIONAL AFFAIRS

Sushma Swaraj 3 Nation Visit: Co-Chairs Meeting of India-Indonesia Joint Commission

Sushma Swaraj 3 Nation Visit: Co-Chairs Meeting of India-Indonesia Joint Commission

  1. External Affairs Minister Sushma Swaraj on Saturday has called on Indonesian Vice-President Muhammad Jusuf Kalla and there has did the talks with her counterpart to discuss ways to strengthen the strategic partnership between the two nations.
  2. “Engaging discussion on strengthening our strategic partnership, EAM @SushmaSwaraj called on Vice-President of Indonesia, Mr Muhammad Jusuf Kalla #ActEastPolicy,” Raveesh Kumar, the Ministry of External Affairs Ministry spokesperson, tweeted after the meeting.
  3. “EAM @SushmaSwaraj had a tete-a-tete with Retno Marsudi, Foreign Minister of Indonesia ahead of the India-Indonesia Joint Commission Meeting in Jakarta. Reaffirmed our desire to enhance partnership across all sectors,” Kumar tweeted.
  4. External Affairs Minister said, “We agreed to work together for a balanced and sustainable trade by providing greater market access, both in goods and services. We also discussed the increasing demand for skill development in both our countries given that we have a large proportion of young population. I conveyed that India will continue its skill development assistance in the form of short term training program and scholarships.”
  5. “Currently India offers close to 150 training slots and scholarships. We agreed to further strengthen our cooperation in education sector. FM Retno expressed desire to further deepen cooperation in ICT and healthcare especially pharmaceutical sector. I conveyed our readiness to work with Indonesia in these areas. “

 

Himalayan Hydro Expo 2018 kicked off at Kathmandu

Himalayan Hydro Expo 2018 kicked off at Kathmandu

  1. Hunan All onward Hydro-Generating Equipment Co. Ltd, a hydroelectric equipment’s manufacturer from China, had started to import its equipment to the Nepal since 2009.
  2. “As a large number of hydropower projects are under-construction in Nepal, sales of our equipment’s are also on the rise,” Daniel Jiang, an engineer of the Chinese company who has been staying in Nepal for some years to provide installation and maintenance services, told Xinhua on Friday.
  3. “With the information about many suppliers, the hydropower developers can get equipment competitive prices in the future,” he said.
  4. IPPAN said, “Additional 5000MW projects are waiting to sign power purchase agreement with Nepal Electricity Authority, the only power utility body, to ensure sales of power generated by these projects.”
  5. “Hydropower development could take leap in Nepal as the country is likely head towards political stability after the recent elections in Nepal,” IPPAN President Shailendra Guragain told Xinhua.
  6. “The availability of power will help infrastructure and industrial development of the country,” she said addressing the inauguration session.

 

Iceland Becomes 1st Country to Legalise Equal Pay

Iceland Becomes 1st Country to Legalise Equal Pay

  1. There has been the new law that is making the illigeal to pay the man more from the women in the Iceland. The legislation, that will come in the act from the Monday, the first day of 2018, makes Iceland the first country in the world to legalise equal pay between men and women.
  2. “The legislation is basically a mechanism that companies and organisations … evaluate every job that’s being done, and then they get a certification after they confirm the process if they are paying men and women equally,” said Dagny Osk Aradottir Pind, a board member of the Icelandic Women’s Rights Association.
  3. “It’s a mechanism to ensure women and men are being paid equally. We have had legislation saying that pay should be equal for men and women for decades now but we still have a pay gap,” she told Al Jazeera.
  4. “I think that now people are starting to realise that this is a systematic problem that we have to tackle with new methods,” said Aradottir Pind.
  5. “Women have been talking about this for decades and I really feel that we have managed to raise awareness, and we have managed to get to the point that people realise that the legislation we have had in place is not working, and we need to do something more,” she added.

BANKING AND FINANCE

Yes Bank, Nearby Tech bring cardless-pinless ATM service

Yes Bank, Nearby Tech bring cardless-pinless ATM service

  1. Fintech startup Nearby Technologies has signed the partnership with the Yes BankBSE 5.03 % to provide Aadhaar- enabled cardless and pinless ATM service by which customers can deposit or withdraw money at retailers’ place.
  2. “Using the PayNEARBY mobile application on a smart phone, a retailer can become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer,” Yes Bank said in a release.
  3. AnandKumar Bajaj, Founder, Nearby Technologies said: “With the launch of this service, our aim is to become the payments enabler for India.”
  4. Ritesh Pai, Chief Digital Officer, Yes Bank said, “Under our Alliances, Relationships and Technology (ART) approach, we remain dedicated to enabling more such use-cases to realise the dream of a less-cash economy in India”.

KEYS:

  1. Yes Bank is India’s fifth largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004
  2. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last one decade
  3. Customer service: 1800 2000
  4. Headquarters: Mumbai
  5. CEO: Rana Kapoor (2004–)
  6. Founder: Rana Kapoor
  7. Founded: 2004

 

TIHCL Gets RBI Nod to Operate as NBFC

TIHCL Gets RBI Nod to Operate as NBFC

  1. Telangana Industrial Health Clinic Ltd (TIHCL), a State government startup, has got RBI clearance to register and function as a non-banking finance company (NBFC).
  2. It will be the first State promoted and co-financing NBFC, according to B Yerram Raju, “TIHCL’s advisor and director. TIHCL was floated in 2017 with a corpus of ₹100 crore, which included contributions from the State and Central governments, financial institutions, industrial units and high networth individuals.”
  3. Lenders such as Karur Vysya Bank, Vijaya Bank, Canara Bank, Union Bank, SBI and SIDBI have evinced interest in partnering with TIHCL.
  4. “IHCL advised these enterprises in the resolution of the stress they faced from banks — the SARFAESI Act 2000 notice was vacated for a few while for others it helped get over stress from improper management decisions,” he told BusinessLine.
  5. On the revival front, Yerram Raju said, “TIHCL will provide bridge finance, but not to those entrepreneurs who are wilful defaulters.”

 

Paytm Payments Bank, IndusInd Tie up for FD Facility

  1. Paytm Payments Bank on Saturday has announced that it has collaborated Induslnd Bank to introduce a facility to create a fixed deposit when the customer balance exceeds Rs1 lakh at the end of day.
  2. “Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85% annual interest,” the company said in a statement.
  3. “Additionally, if a customer becomes a senior citizen before the maturity period, the account will be auto renewed under the senior citizen scheme, thus earning higher interest,” it added.
  4. “Majority of Indians prefer safer investment options that offer them higher earning potential. Our offering will add the much-needed convenience of zero paperwork, instant redemption and no charges to one of India’s most preferred investment methods,” Paytm Payments Bank MD and CEO Renu Satti said.

 

Science and Technology

Online Tracking System/Portals for Missing Children

Online Tracking System/Portals for Missing Children

  1. The Ministry of Women and Child Development has lunched the one of the web portals that is the “TrackChild” and “Khoya-Paya” to track the missing and found children. The TrackChild Portal has been implemented in the one of the stakeholders including Ministry of Home Affairs (MHA), Ministry of Railways, State Governments/UT Administrations, Child Welfare Committees, Juvenile Justice Boards, National Legal Services Authority, etc. and the “Khoya-Paya” has been integrated as a citizen corner on TrackChild portal.
  2. As per Section 2 (14) (i) of Juvenile Justice (Care and Protection of Children) Act, 2015 (JJ Act), a child who is found without any home or settled place of abode and without any ostensible means of subsistence is included as a “child in need of care and protection.”
  3. The primary responsibility in execution of the JJ Act lies with the State Governments. However Central Government is executing a scheme namely ICPS (now “Child protection Services”), since 2009-10, for providing financial assistance to State Governments/UT Administrations, on sharing pattern, for execution of the Act and with the objective to create a safe and secure environment for overall development of children in need of care and protection, including destitute children.

SPORTS

T S Tirumurti appointed economic relations secretary

T S Tirumurti appointed economic relations secretary

  1. India’s High Commissioner to Kuala Lumpur T S Tirumurti has been appointed as the Secretary (Economic Relations) in the External Affairs Ministry on Friday, according to an official order.
  2. “The Appointments Committee of the Cabinet has approved his appointment to the post, in place of Vijay Keshav Gokhale, who was recently named as the Foreign Secretary,” the order issued by the personnel ministry said.
  3. In the previous time that is the about the posting in Cairo, permanent mission of India in Geneva, representative of India in Gaza, Washington DC and deputy chief of mission in Jakarta.
  4. Tirumurti has also served as Under Secretary (Bhutan), Director (Foreign Secretary’s Office), Joint Secretary (Bangladesh, Sri Lanka, Myanmar and Maldives) and Joint Secretary (United Nations Economic and Social) during his stints at the Ministry of External Affairs here.

AWARDS & RECOGNITION

MAS Chief Ravi Menon Named Best Central Bank Governor in Asia-Pacific

MAS Chief Ravi Menon Named Best Central Bank Governor in Asia-Pacific

  1. THE managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, has been given the name for the best central bank governor in Asia-Pacific for 2018 by UK-based magazine, The Banker.
  2. The Banker magazine said in an article pertaining to the award to Mr Menon: “The Monetary Authority of Singapore (MAS), the country’s central bank, stands out for its cutting-edge regulatory approach to fintech while maintaining macroeconomic stability. These are the key reasons for selecting Ravi Menon, managing director of MAS, as the Central Bank Governor of the Year for Asia-Pacific.”
  3. Mr Menon added in his interview with The Banker: “You can only encourage technology to the extent that you can also contain and manage its risks. A smart financial centre must be a safe financial centre as well.”
  4. “These are the key reasons for selecting Ravi Menon, managing director of MAS, as the Central Bank Governor of the Year for Asia-Pacific,” The Straits Times reported, quoting the magazine article.

OBITUARY

Astronaut John Young, who walked on moon, dies at 87

Astronaut John Young, who walked on moon, dies at 87

  1. Legendary astronaut John Young, who was the ninth man to walk on the moon and who later commanded the first space shuttle flight, has died at the age of 87 year.
  2. Young began his career with NASA in 1962 and received more than 100 major accolades in his lifetime, including the prestigious Congressional Space Medal of Honour in 1981.
  3. “Astronaut John Young’s storied career spanned three generations of spaceflight. John was one of that group of early space pioneers whose bravery and commitment sparked our nation’s first great achievements in space,” acting NASA administrator Robert Lightfoot said.
  4. The space agency said, “Young was the only agency astronaut to go into space as part of the Gemini, Apollo and space shuttle programs, and the first to fly into space six times. He was the ninth man to walk on the moon. Young was in Nasa’s second astronaut class, chosen in 1962, along with the likes of Neil Armstrong, Pete Conrad and James Lovell.”
  5. “Today, Nasa and the world have lost a pioneer,” Nasa administrator Robert Lightfoot said in a statement. “Astronaut John Young’s storied career spanned three generations of spaceflight. John was one of that group of early space pioneers whose bravery and commitment sparked our nation’s first great achievements in space.”
  6. “John was more than a good friend,” Bush said. “To us, he represented the best in the American spirit always looking forward, always reaching higher.”
  7. Bush also said: “John leaves a tremendous legacy of accomplishment, in addition to his wonderful family. May his memory serve to inspire future generations of explorers to dare greatly, act boldly, and serve selflessly.”

IMPORTANT DAYS

Typing Day

Typing Day

  1. Typing Day, which is also known as the International Typing Day or World Typing Day, it is the celebration or the observance and it, is annually celebrate on 8 January in Malaysia.
  2. It is co-organized by the STC (Speed Typing Contest) Team from JCI (Junior Chamber International) Mines and Team TAC (Typo Auto Corrector) to promote speed, accuracy and efficiency in written communication among the public.

Sandeep Kumar

Hi Guys, I am Sandeep Co-founder of IASpaper and UPSCToday Staying in Mumbai (India) and pursuing graduation in Computer Science and Engineering from Mumbai University. I love helping Aspirants. You may join me on Facebook

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