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Thursday, August 30, 2018

Daily GK Updates - 30th August, 2018


                                         NATIONAL UPDATES:
1. Assam govt extends AFSPA : Assam government has extended the Armed Forces (Special Powers) Act, AFSPA for another six months in the entire state.The official notification said that the state governor has declared the entire State of Assam as the ‘disturbed area’ up to six months.The Act gives special rights and immunity to security forces in carrying out various operations in disturbed areas.

2. Cabinet approves O-SMART scheme : Cabinet approved implementation of an umbrella scheme-Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART).The scheme covers a total of 16 sub-projects, which address ocean development activities such as services, technology, resources, and science.The Cabinet Committee on Economic Affairs approved the schemeimplementation at an overall cost of Rs 1623 Cr.

3. ADB sign $375mn loan for Irrigation : The government of India and the Asian Development Bank (ADB) signed a $375 million loan agreement to expand irrigation networks and system efficiency of Madhya Pradesh.The project will develop 125,000 hectares of new, highly efficient and climate resilient irrigation networks.The project aims to double farming incomes by benefiting over 800,000 people in Madhya Pradesh.

4. Book on Weather Information Portal released : Shri R K Singh​ released a book on “Weather Information Portal for Indian Power System”.This reference document has been developed by Power System Operation Corporation Limited (POSOCO) in collaboration with IMD to facilitate enhanced utilization of Weather Portal in all spheres of Power Sector.Shri R K Singh is the Minister of State (IC) for Power and New & Renewable Energy.

4. Book on Weather Information Portal released : Shri R K Singh​ released a book on “Weather Information Portal for Indian Power System”.This reference document has been developed by Power System Operation Corporation Limited (POSOCO) in collaboration with IMD to facilitate enhanced utilization of Weather Portal in all spheres of Power Sector.Shri R K Singh is the Minister of State (IC) for Power and New & Renewable Energy.

INTERNATIONAL UPDATES:
1. MoU between India and Bulgaria : The Union Cabinet has approved the signing of Memorandum of Understanding between India and Bulgaria for strengthening cooperation in the field of Tourism.The main objectives of the MoU are to expand cooperation in the tourism, exchange information and data related to tourism etc.Bulgaria is a potential tourism market for India that received approx 5288 tourists from Bulgaria in 2017.

2. PM’s visit to Nepal : PM Narender Modi is on a two-day visit to Nepal, to participate in the Fourth BIMSTEC Summit.During the visit, he will interact with all the leaders of BIMSTEC to enrich regional cooperation, enhance trade and enhance collective efforts to build a prosperous Bay of Bengal region.He will also review the progress that has been made in bilateral ties with Nepal since his last visit.

3. RCEP meeting in Singapore : Trade ministers of Regional Comprehensive Economic Partnership (RCEP) bloc, including India and China, met in Singapore.RCEP is a mega trade pact that aims to cover goods, services, investments, economic cooperation and intellectual property rights.The bloc comprises 10 ASEAN members and their 6 FTA partners- India, China, Japan, South Korea, Australia and New Zealand.

4. Joint military exercise ends in Russia : The fifth edition of the Shanghai Cooperation Organisation (SCO) Peace Mission Exercise 2018, ended in Chebarkul, Russia.The Indian delegation led by Lt. Gen Satish Dua, participated for the first time in the exercise.In this exercise, Pakistan and Indian participated for the first time.

OTHER UPDATES:
BUSINESS/ECONOMY:
1. RBI expects economic growth rate at 7.4% : RBI on the release of its annual report said that real GDP growth for 2018-19 is expected to increase at 7.4% against 6.7% in the previous year.RBI also said that its monetary policy will work to achieve the medium-term target for retail inflation of 4 %.According to RBI the rise in growth rate is due to pick up in industrial activity and the good monsoon.

DEFENCE:
1. INS Teg lends assistance to MV Vela : INS Teg, a warship of the Western Naval Command, provided assistance to MV Vela, a Norwegian owned ship in Gulf of Aden.
INS Teg dispatched a specialist team for recovery damaged anchor and cable and assisted the crew of MV Vela.MV Vela and the Combined Task Force expressed their gratitude to the ship and the Indian Navy.

SPORTS: 
1. Dutee Chand won silver in women’s 200m : India’s Dutee Chand won the Silver medal in the women’s 200m event at the 18th Asian Games 2018 in Jakarta.She crossed the finishing line in 23.20s behind Bahrain’s Edidiong Odiong who clinched the gold in 22.96s and the bronze went to China’s Wei Yongli (23.27s).She won two medals at the Asian Games as she won silver earlier in the women’s 100m.

2. Arpinder Singh clinches gold : Arpinder Singh clinched India’s first men’s triple jump gold in 48 years, with a jump of 16.77m in the Asian Games.India’s last Asian Games gold medal in men’s triple jump had come in 1970 from Mohinder Singh Gill.Ruslan Kurbanov of Uzbekistan took the silver with a best jump of 16.62m, while Shuo Cao of China was third with an effort of 16.56m.

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