Daily GK Updates - 6th July, 2018

NATIONAL UPDATES:

1. WB announces ‘one person, one car’ policy : In an attempt to cut the costs incurred by the state over travel expenses of ministers and bureaucrats, West Bengal Chief Minister Mamata Banerjee announced the ‘one person, one car’ policy.Further mandating economy class travel in low-cost airlines for all domestic air trips, she added that foreign travels will be sanctioned only by her.

2. ICAT completed first BS-VI certification : ICAT has completed the first BS-VI certification for M/S Volvo Eicher Commercial Vehicle Limited for its heavy-duty engine model.The engine was developed and manufactured in India by Volvo Eicher.It would be implemented on April 1, 2020.ICAT is one of the prime testing agencies recognized by the Government of India.

3. Delhi launched it’s first Cyber Forensic van : First cyber Forensic van of Delhi police was launched to help people in cyber crimes especially for the senior citizens who are the soft targets of cyber crimes.Home Ministry is planning to launch an online cybercrime portal where people can file a complaint online.The Van will be available on 24×7 basis.

4. ‘Arth-art for Earth’ exhibition : Union Minister of State for Culture Dr. Mahesh Sharma inaugurated exhibition titled “Arth – art for earth” at IGNCA, New Delhi.It consists of “Excavations in Hymns of Clay” – a suite of environmental art installations by Manav Gupta weaving all of them with a storyline and poetry.The exhibition is available for public viewing until the 22nd of October 2018

INTERNATIONAL UPDATES:

1. NASA prepared to ‘touch the sun’ : NASA is prepared for a launch on August 4 to touch the sun, for the first time in human history.NASA unveiled a cutting-edge heat shield that will protect the spacecraft from getting burnt.It was installed on June 27, 2018.The shield will prevent the spacecraft core from being exposed to temperatures around 1,370 degrees Celsius.

2. India to operate ‘World’s Emptiest Airport’ : Indian Civil Aviation Ministry has communicated Sri Lankan Parliament about operating it’s lost making Mattala Rajapaksa International airport in Hambantota.The airport is named after former Sri Lankan President Mahinda Rajapaksa, which is dubbed as ‘world’s emptiest airport’ due to lack of flights.The final terms of the agreement are yet to be decided as Sri Lanka.

OTHER UPDATES:

BUSINESS/ECONOMY:

1. Tata bagged Bharat Net’s project : Tata Projects has bagged an Rs. 3,057 crore project of optical fiber cable network of Bharat Net in Chhattisgarh.Important services such as 102, 108, and PDS would be effectively executed at the Gram Panchayat level and around 2.6 crore people would be benefited through the project.It will strengthen the state’s economy and enable local people to lead an easy life.

BANKING/FINANCE:

1. NASA prepared to ‘touch the sun’ : NASA is prepared for a launch on August 4 to touch the sun, for the first time in human history.NASA unveiled a cutting-edge heat shield that will protect the spacecraft from getting burnt.It was installed on June 27, 2018.The shield will prevent the spacecraft core from being exposed to temperatures around 1,370 degrees Celsius.

2. YES Bank to launch Mutual Fund Business : Private lender YES Bank announced that it has received final regulatory approval from the Securities & Exchange Board of India (SEBI) to start mutual fund business.This approval is subsequent to the Reserve Bank of India’s (RBI) approval.YES Asset Management (India), a wholly owned subsidiary of YES Bank, will launch fund offerings across the spectrum in both debt and equity markets.

3. 25 Countries In Global Banks’ ‘High Risk’ List : China, UAE, Cyprus and significantly, Mauritius, along with 21other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds.It comprises the largest group of investors in the Indian stock market.Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny.