Daily GK Updates - 28th February, 2018

NATIONAL UPDATES

1. National Science Day- 28th February: National Science Day (NSD) is celebrated every year on 28 February. The theme of NSD-2018 is “Science and Technology for a Sustainable Future”. NSD is celebrated to commemorate the discovery of the ‘Raman Effect’, which led to Sir C.V. Raman winning the Noble Prize. The theme has been chosen for the purpose of raising public appreciation of the scientific issues involved.

2. Indian Railways to install sanitary pad dispensers: The Railway Ministry said it aims to install sanitary pad dispensers and incinerators at about 200 stations by International Women’s Day on March 8. The move is aimed to benefit Railway employees and passengers from financially weaker sections. The dispensers have already been installed at railway stations in New Delhi and Bhopal.

3. CSIR inks MoU with IORA-RCSTT for medicinal plants: The Council of Scientific and Industrial Research (CSIR) has signed a MoU with the Indian Ocean Rim Association’s Regional Center for Science and Technology Transfer. The MoU is for designating Central Institute of Medicinal and Aromatic Plants in Lucknow as the coordinating centre on medicinal plants. The IORA Centre will establish a database on the important medicinal plants.

4. GOBAR Dhan Yojana to be launched: The Union Government is going to roll out Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme. It was first announced by Finance Minister Arun Jaitley during his 2018-19 budget speech. The scheme focuses on managing and converting cattle dung and solid waste in farms to the use composition. It will also help in keeping the village clean while increasing income of farmers and cattle herders.

5. India 2018 book released: Information and Broadcasting Minister Smriti Irani released 'India 2018' (English Version) and 'Bharat 2018' (Hindi Version). The books are published by the Publications Division. The book available in both print and online versions. It is an exhaustive publication dealing with all aspects of the country's development. With its latest edition, the book has entered into its 62nd year of publication.

INTERNATIONAL UPDATES

1. Moon to get its first mobile phone network: The moon will get its first 4G mobile network next year to allow lunar exploration vehicles to stream high-definition data back to a base station. Vodafone Germany, Nokia, and carmaker Audi said that they were working in collaboration with Berlin-based space exploration scientists. The project is a part of the first privately-funded mission to the Moon.

OTHER UPDATES

SCIENCE / TECHNOLOGY:

1. Fastest distance measurements using LIDAR: Germany and France-based researchers have recorded 100 million distance values per second, demonstrating the fastest distance measurement so far. The team studied a bullet travelling at 540 kmph with micrometre accuracy using laser-based LIDAR (light detection and ranging). This technology could be used in autonomous navigation and 3D cameras.

2. Jupiter’s icy moon Europa may host life-Researchers: Jupiter’s moon Europa may host life in an ocean of liquid water under its 10-km-thicker ice crust, suggested Brazilian researchers. The team based their claims on a bacterium that survives deep underwater without sunlight in environments similar to Europa. The bacterium in 2.8-km-deep South African mines was found to synthesise its energy from rock sulphates, formed via ionising radiation.

BUSINESS/ ECONOMY:

1. Amazon buys video doorbell startup Ring: E-commerce giant Amazon has agreed to buy US-based video doorbell startup Ring, the companies confirmed. According to reports, the deal could be worth more than $1 billion, making it one of the most expensive acquisitions in Amazon’s history. Founded in 2012, the startup makes video doorbells and security cameras that connect to users’ phones or computers.

SPORTS:

1. Davis Cup to convert into ‘WC of Tennis’: The Davis Cup, in existence since 1900, may be converted into a ‘World Cup of Tennis’ from next year. The new format will feature 18 teams playing a week-long event at one venue, instead of the existing 16 teams playing across four different months. A 25-year, $3 billion partnership with investment group Kosmos is in place for the new event.

2. Karnataka beats Saurashtra to win Vijay Hazare Trophy: Karnataka defeated Saurashtra by 41 runs in the Vijay Hazare Trophy final on Tuesday to win the tournament for the third time. Batting first, Karnataka put up a total of 253/10 and Saurashtra were bowled out for 212 in 46.3 overs.

3. Cricket Team India and South Africa donate  Rs. 5.5 lakh to Cape Town Water Crisis aid: Team India captain Virat Kohli and his Proteas counterpart Faf du Plessis have donated ₹5.5 lakh to the Cape Town Water Crisis on behalf of both the teams for drought relief efforts in Cape Town. This comes days after Cape Town pushed back ‘Day Zero’ to July 9, the day the city is expected to run out of water.

4. Federer becomes the most decorated Laureus Award winner: Tennis legend Roger Federer became the most decorated winner in the history of Laureus World Sports Awards after he won twin honors at the 18th edition of the awards ceremony in Monaco. It was his sixth award. American tennis great Serena Williams won the Sportswoman of the Year Award. She is now the most decorated female Laureus Award winner with five Laureus statuettes.

Daily GK Updates - 27th February, 2018

NATIONAL UPDATES

1. India ranks 47th on Inclusive Internet Index: In a report ‘Inclusive Internet Index’ published by Facebook and EIU, India ranked 47th out of 86 countries when it comes to inclusive Internet and connectivity for all. Sweden stood at first place, followed by Singapore and the US. According to the index, the Internet is empowering, especially to citizens in Asia, the Middle East and Africa.

2. Uma Bharti launches second project of Swajal Yojana: Union Minister of Drinking Water and Sanitation, Uma Bharti launched the Swajal pilot project at Village Bhikampura in Rajasthan. Besides ensuring the availability of clean drinking water to every household around the year, the project would also generate employment. Swajal is a community-owned drinking water programme for sustained drinking water supply. Under the scheme, 90% of the project cost will be taken care by the Government and the remaining 10% of the project cost will be contributed by the community.

3. RISE scheme update: The Indian Institutes of Technology (IITs) will get the largest chunk of loans on offer under Revitalising Infrastructure and Systems in Education (RISE). This shifts funding mechanism to CFIs in higher education from grant assistance to loans to assure more funds, greater accountability. RISE scheme was announced in Union Budget 2017-18. It aims to lend low-cost funds to government higher educational institutions.

4. Abdullah II bin Al-Hussein arrives in India: King of Jordan Abdullah-II bin Al-Hussein has arrived in India on a 3 day visit. This will be his second visit to India after his visit along with Queen Rania in 2006. The two sides are expected to sign a number of memorandums of understanding and agreements in diverse areas of bilateral cooperation. India is Jordan’s fourth largest trading partner with bilateral trade worth $1.35 billion.

5. JP Nadda rolls out free viral load tests for HIV: Health minister JP Nadda has launched the free Viral Load Tests, which measure the quantity of virus in the body. The move is likely to benefit 12 lakh people living with HIV/AIDS (PLHIV) in the country. The test is of immense importance to monitor the effectiveness of treatment of patients taking lifelong anti-retroviral therapy.

INTERNATIONAL UPDATES

1. New Deputy PM of Australia: Michael McCormack elected new Deputy Prime Minister of Australia. He has replaced former Deputy Prime Minister Barnaby Joyce. The leader of the National Party automatically becomes deputy prime minister under the terms of the coalition agreement with Prime Minister Malcolm Turnbull’s Liberal party.

2. Saudi military leaders replaced: Saudi King Salman has sacked his military chief and a number of other top commanders in a shakeup apparently aimed at overhauling its Defense Ministry. The changes were made on the recommendation of the minister of defense, who is the Crown Prince Mohammed bin Salman.

3. US to overtake Russia as top oil producer: According to International Energy Agency, U.S. will overtake Russia as the world’s biggest oil producer by 2019 at the latest. U.S. crude oil output rose above 10 million barrels per day late last year for the first time since 1970s, overtaking top oil exporter Saudi Arabia. US oil is also increasingly being exported, including to the world’s biggest and fastest growing markets in Asia.

4. Saudi Arabia allows women to join military: Saudi Arabia has for the first time opened applications for women to join its military. The women, however, will not be given combat roles but will work in security. To apply, women will need to fulfill 12 requirements besides obtaining their guardian’s approval. Decision to recruit female soldiers is one of many reforms enhancing women’s rights introduced in recent months by Saudi Arabia.

OTHER UPDATES

DEFENCE:

1. Uttarakhand to host 13th Surya Kiran Exercise: India and Nepal will hold the 13th edition of Surya Kiran joint military exercise in Pithoragarh, Uttarakhand in a couple of months. The military exercise will include training on jungle warfare, anti-terrorism combat as well as disaster response activities. The announcement came days after Army chief Bipin Rawat visited Nepal to attend a function to mark the Army Day.

BUSINESS/ ECONOMY:

1. Google brings Symptom Search feature to India: Google India has rolled out its feature called “Symptom Search” in India that lets users find quality health information on their smartphones. Google in collaboration with a team of doctors from Apollo Hospitals will add tailor-made information about commonly-searched symptoms in its Search. The project aims to provide quality healthcare information which can be accessed by a billion Indians

SPORTS:

1. Youngest captain in International Cricket: At 19 years of age, Afghanistan leg-spinner Rashid Khan is set to become the youngest captain in the history of international cricket. The World’s No.1 ODI and Twenty20 International bowler, Rashid will lead Afghanistan after regular skipper Asghar Stanikzai was diagnosed with appendicitis. Rashid is also the youngest player to be ranked No.1 in the ICC’s Player Rankings across formats.

2. Bangladesh appoints Courtney Walsh as coach: Bangladesh has named former West Indies cricketer Courtney Walsh as the interim coach for upcoming tri-nation Twenty20 series. Walsh, who has been Bangladesh’s bowling coach since 2016, takes over as interim coach from former Zimbabwean cricketer Richard Halsall. Position of Bangladesh’s head coach had been vacant since Oct, when Chandika Hathurusingha quit after three years at the helm.

Daily GK Updates - 26th February, 2018

NATIONAL UPDATES

1. Prime Minister Narendra Modi inaugurates projects worth Rs. 1000 Crores in Daman and Diu: Prime Minister Narendra Modi laid foundation stones for projects worth 1000 crore Rupees in Daman in the union territory of Daman and Diu. PM distributed keys for scooters to differently-abled beneficiaries, 'SWABHIMAN' cards to pregnant and Lactating Women, 'Badhai Kit' to the newly born girl children under 'Beti Bachao, Beti Padhao'. PM also distributed cycles to school-going girls under Saraswati Cycle Yojna, extended loans under 'Pradhan Mantri MUDRA Yojna' and 'Pradhan Mantri Jeevan Jyoti Bima Yojana' to beneficiaries.   The PM also distributed permits for CNG drove public transport vehicles for a cleaner environment in Daman.

2. PM Modi flags off “Run for New India” Marathon: Prime Minister Narendra Modi flagged off the 'Run for New India' marathon in Surat, Gujarat. The Marathon is aimed at creating awareness about social causes and call upon all to resolve to build a New India. The Marathon is divided into 4 categories. Around 1.50 lakh runners participated in the 'Run for New India' marathon which was organized by the Surat Nagrik Samiti.

3. Eight ‘pheras’ proposed for Bihar couples: A Block Development Officer (BDO) in Bihar’s Supaul district has started a new initiative asking Hindu couples to take eight pheras at their wedding. An extra ‘phera’ as a cleanliness pledge. The BDO created a team of officials who have been going to weddings in the district, without a formal invitation, and asking couples to take the eighth phera.

4. National Conference on e-Governance held in Hyderabad: The 21st national conference on e-Governance will be held in Hyderabad. The government of India and Telangana Administrative Reforms department are jointly organizing the conference with the main theme around- technology for accelerating development. The two-day conference will deliberate on several aspects of the e-governance including its universalization and replication, governing e-governance, best practices, emerging technologies and synergizing role of national and state government.

5. Only 7.28% women in country’s police force, the proposed strength is 33%: According to latest government data, women constitute only 7.28% of the country’s police force. This comes despite the government’s repeated directions to all state governments and union territories to increase the strength of women police personnel to 33%. Interestingly, overall crimes against women rose from 3.29 lakh cases in 2015 to 3.38 lakh in 2016.

6. Govt releases list of high-risk finance companies: A list of nearly 9,500 Non-Banking Financial Companies(NBFCs) has been released by the Finance Ministry which have been categorized as ‘High-Risk Financial Institutions’. Adani Capital, Cello Capital and DLF Finvest are some of the companies listed by the Financial Intelligence Unit.

INTERNATIONAL UPDATES

1. Rome’s Colosseum lit up in red to show protest: The Colosseum in Rome was lit up in red to show solidarity with persecuted Christians, particularly a Catholic woman named Asia Bibi. She has been living on death row under Pakistan’s blasphemy laws since 2010, when she was condemned for allegedly making derogatory remarks about Islam. Her husband and daughter addressed a gathering at the Colosseum.

2. Sri Lanka to release all the fishermen as a goodwill gesture: Sri Lankan government decided to release remaining 20 Indian fishermen in their custody for charges of poaching in Sri Lankan waters. This will be the first time in recent years that no Indian fishermen are left in Sri Lankan custody. Fishermen from India and Sri Lanka are frequently detained for illegally fishing in each other’s territorial waters since the Arabian Sea does not have a clearly defined marine border and the wooden boats lack the technology to avoid being drifting away.

3. China elected as FATF Vice President: India congratulated China for being elected Vice President of the Financial Action Task Force. China’s election to the FATF assumes significance as Pakistan is set to be put in the watchdog’s grey list. The FATF, also known as ‘Groupe d’action financière’, is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.

OTHER UPDATES

DEFENCE:

1. A&N Naval Command to host Milan 2018: The second week of March will witness Andaman & Nicobar Command hosting a multinational mega event MILAN 2018. MILAN is a congregation of littoral navies conducted biennially by Indian Navy at the Andaman and Nicobar Islands. The theme of this year’s MILAN International Maritime Seminar is ‘In Pursuit of Maritime Good Order - Need for Comprehensive Information Sharing Apparatus’. With the underlying theme of 'Friendship Across the Seas', MILAN 2018 will witness a diverse mix of professional exercises and seminars, social events and sporting fixtures.

2. CRPF starts bike ambulance in Bastar: The CRPF has launched a bike ambulance initiative in areas of anti-Naxal operations in Chhattisgarh, for providing basic healthcare facilities to those living in remote jungle areas of Bastar region. Medical teams, accompanied by well-armed security personnel ride their motorcycles to help the sick and injured in about 70 villages. The battalion is based in Bijapur.

BUSINESS/ ECONOMY:

1. Airtel joins global alliance for net in air: Bharti Airtel said it has joined a new global collaboration to bring high-speed and uninterrupted in-flight data connectivity to mobile customers. The global partnership Seamless Alliance, whose other founding members include OneWeb, Airbus, Delta and Sprint, will work towards leveraging satellite technology. It will offer high-speed data connectivity even in the sky.

SPORTS:

1. High jumper Tejaswin breaks his own high jump record: Tejaswin Shankar broke his own national record by clearing a height of 2.28m. Shankar had set the record at the 2.26m mark at the Junior National Championships in Coimbatore in 2016 when he was a school boy. The height cleared by Shankar is the best this year amongst athletes from Commonwealth countries.

2. Sameer Verma beats ex-world no. 2 to win Swiss Open: Indian shuttler Sameer Verma beat former world number two Jan O Jorgensen and clinched the men’s singles title at the $150,000 Swiss Open Super 300 tournament. Verma, who joins Kidambi Srikanth and HS Prannoy as the Indian shuttlers who have won the Swiss Open, had clinched the Syed Modi Grand Prix Gold last year.

3. PyeongChang Winter Olympics concludes: The 2018 PyeongChang Winter Olympics concluded with a spectacular closing ceremony. In the closing ceremony, the Olympic flag was handed over to Chinese organisers for the next Winter Games in Beijing in 2022. With the 2022 Games, Beijing will become the first city in the world to host both the summer and winter editions of the Olympic Games after hosting the Summer Games in 2008.

Daily GK Updates - 25th February, 2018

NATIONAL UPDATES

1. International Conference on sustainable biofuels begins in Delhi: An International Conference on Sustainable Biofuels has been organized by Department of Biotechnology & Govt. of India. It will take place in New Delhi. It will bring together experts from Biofuels sector to take stock of current knowledge, share info & best practices & build consensus on the actions most needed to move forward. Sustainable Biofuel is one of the seven Mission Innovation Challenges.

2. Nilekani to develop IT infra for ‘Modicare’: Nandan Nilekani will assist the government in developing IT infrastructure for the National Health Protection Scheme (NHPS), which seeks to cover 10-crore families. The IT infrastructure for the healthcare scheme will be of a huge scale as was required for Aadhar.

3. Institutes identified to improve ease of doing business: Commerce & industry ministry has appointed four institutes to interact with stakeholders and suggest measures to push India’s ranking in ease of doing business index. NICMAR, IIFT, ICSI and ICAI are the four institutes that have been roped in for the exercise. As per the latest World bank’s Ease of Doing Business ranking, India’s position improved by 30 places to 100th.

4. NCERT syllabus to be reduced to half from 2019: Prakash Javadekar, Union Human Resources Development Minister, said NCERT syllabus will be reduced to half from the 2019 academic session. This move is aimed at ensuring that students get time to pursue other activities for their all-round development.

INTERNATIONAL UPDATES

1. TAPI gas pipeline work begins from Afghanistan: Turkmenistan announced the start of construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation to Pakistan and India. The ceremony was attended by Afghanistan President Ashraf Ghani and his Turkmenistan counterpart Gurbanguly Berdymukhamedov, Pakistani Prime Minister Shahid Khaqan Abbasi and India’s Minister of state for external affairs Shri M. J. Akbar. TAPI gas pipeline project is proposed trans-country natural gas pipeline from the Caspian Sea, Turkmenistan to India through Afghanistan and Pakistan. The pipe line connects central Asia with south Asia covering 1,840 km.

OTHER UPDATES

DEFENCE:

1. DRDO successfully tests flight UAV Rustom-2: DRDO has successfully flown its Rustom 2 at its Aeronautical Test Range at Chalakere in Chitradurga district of Karnataka. A medium-altitude long-endurance unmanned aerial vehicle, Rustom 2 or TAPAS-BH-201 has been developed by India on the lines of the American Predator drones. Rustom 2 can conduct sustained surveillance and can carry weapons along with surveillance equipment.

2. 8th Indo- Seychelles Army exercise starts: The eighth joint military exercise between the Indian Army and Seychelles People’s Defence Forces started at Mahe Island, Seychelles. The focus of the ongoing exercise is to conduct counter-insurgency and counter-terrorist operations in semi-urban environment under the United Nations Charter. The exercise is named “Lamitye” which in the local dialect ‘Creole’, means friendship.

BUSINESS/ ECONOMY:

1. India Signs MoU with Canada’s International Development Research Centre (IDRC): An MoU between the Government of India and Canada’s International Development Research Centre (IDRC) was signed in New Delhi. The agreement was signed to usher the “programme based research support” in addressing current and future global and local developmental challenges. IDRC has funded 551 research activities worth CA$159 million in India through institutions, researchers and NGOs.

BANKING / FINANCE:

1. RBI asks banks to link SWIFT to core banking: RBI has directed banks to link SWIFT (Society for World Interbank Financial Telecommunication System platform) with core banking solutions of banks by April 30, 2018. Failure of SWIFT-CBS link has led to Rs 11,400 cr fraud at PNB. SWIFT system promoted in 1973 by banks globally is used to transmit messages relating to cross border financial transactions.

2. SBI UK to be restructured: SBI is set for a major restructuring of its business in UK from April. SBI’s UK operations will transform into a subsidiary named State Bank of India UK Limited from April 1. It means that all retail branches of SBI in UK will fall under a new UK-incorporated banking entity instead of their previous status as overseas branches of the Indian entity.

SPORTS:

1. Parupalli Kashyap wins Austrian Open: India’s Parupalli Kashyap overcame Malaysia’s June Wei Cheam in straight games in the men’s singles final to clinch the Austrian Open International Challenge. This is Kashyap’s first international title in over 3 years. Kashyap is the only male player from India to reach the Quarterfinals of men’s singles at 2012 London Olympics. He was also awarded the Arjuna Award by Govt of India in 2012.

2. Gymnast Aruna Reddy makes history: Aruna Budda Reddy created history by becoming the 1st Indian gymnast to win an individual medal at Gymnastics World Cup as she clinched a bronze in women’s vault event. She scored 13.649 average points to finish 3rd & claim the bronze medal. This was Aruna’s first international medal, though she has taken part at World Artistic Gymnastics Championships, Commonwealth Games & Asian Games.

OBITUARIES:

1. Veteran actress Sridevi passes away: Veteran Bollywood actress Sridevi, who had an illustrious career spanning over four decades, passed away in Dubai. She was 55. A versatile actor, Sridevi made her Bollywood debut in 1978 with Solva Sawan. She was known for her performance is some of the iconic films like Mr India, Nagina, Chaalbaaz, Chandni among many others. In 2013, the Government of India awarded Sridevi the Padma Shri.

Daily GK Updates - 24th February, 2018

NATIONAL UPDATES

1. Blue Aadhaar for kids: UIDAI tweeted that children below the age of five years will receive a blue-coloured ‘Baal Aadhaar’ card. While the Baal Aadhaar will not carry biometric details of the child, it will be updated with the information after the child crosses the age of five.

2. Assam to celebrate ‘Rhino Day’ on Sept 22: In a bid to keep the world famous one-horned rhinoceros of Assam under the global spotlight, Assam Government has decided to celebrate September 22 as ‘Rhino Day’. CM Sarbananda Sonowal made this announcement at the 10th meeting of State Board for Wild Life.

3. India’s first 5G Trial Successful, 3 GB/sec Speed Achieved:: Chinese technology giant Huawei and telecom services provider Bharti Airtel announced to have successfully conducted 5G network trial under a test set-up in India. The trial was conducted at Airtel’s Network Experience Centre in Manesar (Gurugram). During the test trial, the speed of more than 3Gbps was achieved. This is the highest measured throughput for a mobile network in 3.5 GHz band with 100MHz bandwidth and end-to-end network latency of approximately 1 msec.

4. 44th Khajuraho Dance Festival held in MP: The 44th edition of Khajuraho Dance Festival 2018 was held at Khajuraho temple, a UNESCO world heritage site in Madhya Pradesh. Khajuraho Dance Festival is an annual cultural festival that highlights the richness of various Indian classical dance styles.

5. India to host first International Solar Alliance in March 2018: India will host the first International Solar Alliance (ISA) summit on 11th March 2018. It will be attended by French President Emmanuel Macron and United Nations Secretary-General Antonio Guterres. The summit will be held in Delhi. The ISA aims to launch 121 projects during the summit. During the summit, two new programmes will be inaugurated on- Scaling Solar E-Mobility and Storage, and Rooftop Solar.

INTERNATIONAL UPDATES

1. US tightens H-1B visa rules: The Donald Trump has just made it more difficult for companies and individuals to get H-1B work visas. Indians and Indian IT companies will feel the impact the most because they are the biggest users of this visa.

OTHER UPDATES

DEFENCE:

1. Dhanush missile successfully test fired: India has successfully test-fired the nuclear-capable surface-to-surface Dhanush ballistic missile with a strike range of 350 km. This naval variant of the indigenously-developed Prithvi-II missile was test-fired from the ship positioned near Paradip in the Bay of Bengal. ‘Dhanush’ missile is is capable of carrying a payload of 500 kg and hitting both land and sea-based targets.

BANKING / FINANCE:

1. In a strategic move, RBI launches Ombudsman Scheme for NBFCs: The RBI launched ‘Ombudsman Scheme’ for redressal of complaints against NBFCs. The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the Scheme. The offices of the NBFC ombudsmen will function at 4 metro centres – Chennai, Kolkata, Mumbai and New Delhi.

2. Idea Payments Bank begins operations: Aditya Birla Idea Payments Bank Ltd commenced operations as a payments bank with effect from February 22, 2018. In November 2016, Airtel Payments Bank Ltd became the first entity to start operations as Payments Bank. Paytm and Fino Payments Bank are the other two entities that have already launched their operations.

BUSINESS/ ECONOMY:

1. Brand Nirav Modi loses Priyanka Chopra: Actress Priyanka Chopra’s spokesperson has confirmed that she has quit as the global ambassador of jewellery designer Nirav Modi’s brand following allegations of money laundering against him. The actress had earlier accused him of non-payment of dues for several advertisement campaigns.

2. Viking Air joins hands with Mahindra Aerospace for UDAN projects: Mahindra Aerospace Private Limited has signed a MoU with Canada’s Viking Air Ltd. to form a strategic alliance to take advantage of India’s growing regional air connectivity opportunities. Under the MoU, both would support each other’s non-competing aircraft business to boost market expansion. In India, this portfolio can address the much-needed requirements of regional connectivity scheme, UDAN.

3. Paytm ventures into Insurance business: Digital payments startup Paytm has launched two insurance companies, Paytm Life Insurance and Paytm General Insurance. Paytm Founder Vijay Shekhar Sharma, CFO Madhur Deora, and Shankar Prasad Nath are the three signatory stakeholders in both the companies. In January this year, Paytm announced that it has set up Paytm Money Limited, a wholly owned subsidiary of One97 Communications.

SPORTS:

1. NADA bans Jithin Paul: Athlete Jithin Paul became the first Indian athlete to be banned by the National Anti-Doping Agency for possession of a prohibited substance. NADA has meted out a 4-year-ban on Paul for possession of a banned substance called ‘Meldonium’.

2. Cricket Canada Unveils ICC-Approved T20 League: Canada’s own first franchise-based Twenty20 league “Global T20 Canada”, was announced in New Delhi. The Global T20 Canada League will begin functioning from July 2018 at three venues in Toronto. Global T20 Canada League has received official sanction of the International Cricket Council (ICC). Cricket Canada has become the first Associate member of the ICC to start a Twenty20 franchise league in the North America market.

Daily GK Updates - 23rd February, 2018

NATIONAL UPDATES

1. NER’s first Regional Centre for Agriculture with Israeli collaboration to be inaugurated in Mizoram: Israeli Ambassador to India, Mr Daniel Carmon has stated that a Centre for Agriculture, with the collaboration of Israeli expertise, is going to be inaugurated in Mizoram in March 2018. This will be the first such centre in the North East region (NER) of India that is being established with Israeli collaboration. It has been set up at a cost of Rs 8-10 crore.

2. Asian Development Bank and India sign $84 million loan for water supply in Bihar: The Government of India and Asian Development Bank (ADB) signed a $84 million loan for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar. The tranche 2 loan is part of the $200 million multi-tranche financing facility (MFF) for the Bihar Urban Development Investment Program that was approved by ADB in 2012. The loan will have a 25-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADB’s lending facility based on the London interbank offered rate (LIBOR), and a commitment charge of 0.15% per year.

3. ED freezes deposits, shares worth Rs.44 cr of Nirav Modi group: The Enforcement Directorate(ED) froze bank accounts with Rs.30 cr balance, shares worth Rs.13.86 cr held in a company of Nirav Modi. Earlier, ED has frozen shares and mutual funds worth Rs.94.52 cr belonging to Nirav Modi and Mehul Choksi’s firms.

4. Gopalganj district constructs a record 11,000+ toilets in 100 hrs: Gopalganj district in Bihar has set a record by constructing 11,244 toilets in 100 hours. The previous record was set in March 2017 Andhra Pradesh’s Vizianagaram district, where 10,499 toilets were built in 100 hours.

INTERNATIONAL UPDATES

1. Global Passport Index released: According to the 2018 Global passport Index, S Korea and Singapore have the most powerful passports in the world with a visa-free score of 162. Germany and Japan ranked second, while UK and US ranked 4th and 5th respectively. With a visa-free score of 57, India has ranked 73rd, falling below Saudi Arabia and Zimbabwe. Afghanistan ranked last on the list.

OTHER UPDATES

BUSINESS/ ECONOMY:

1. India Signs MoU with Canada’s International Development Research Centre (IDRC): An MoU between the Government of India and Canada’s International Development Research Centre (IDRC) was signed in New Delhi. The agreement was signed to usher the “programme based research support” in addressing current and future global and local developmental challenges. IDRC has funded 551 research activities worth CA$159 million in India through institutions, researchers and NGOs.

Daily GK Updates - 22nd February, 2018

NATIONAL UPDATES

1. Government Sets Up The “NITI Forum For Northeast”: The Union Government has issued order setting up the ‘Niti Forum for North-East’. The forum will be co-chaired by the Vice-Chairman of NITI Aayog and Minister of State (I/C), Ministry of Development of Northeastern Region (DoNER). The Forum is tasked to identify various constraints on the way of accelerated, inclusive and sustainable economic growth in the North East Region of the country.

2. Avani Chaturvedi becomes the first Indian woman to fly fighter aircraft solo: Flying officer Avani Chaturvedi has scripted history by becoming the first Indian woman to fly a fighter aircraft solo. She flew a MiG-21 bison in her first solo sortie from IAF’s Jamnagar base in Gujarat. She is one of the three in the first batch of female pilots, besides Bhawana Kanth and Mohana Singh, who were inducted in Indian Air Force fighter squadron in 2016.

3. Parivartan scheme launched in Haryana: The state govt. launched Parivartan scheme designed to address 10 issues. The 10 issues include facilitation of financing, making agriculture profitable & sustainable, improving health services, implementing Swachh Bharat, decongesting market areas, engaging the youth, checking air pollution, ensuring availability of identity-related services, effective policing, and ensuring road order and conduct.

4. Only M2M (machine to machine) SIMs to have 13-digit numbers: Starting July 1, 2018 all SIM-based M2M communication devices will carry a 13-digit number, instead of the 10-digit number now. This is applicable only to numbers used by machines to communicate with other machines and not normal retail mobile numbers. The DoT has asked all telecom service providers to ensure that their network elements are aligned with the 13-digit numbering before July 1, 2018.

5. Kamal Haasan launches political party: Actor Kamal Haasan launched his political party ‘Makkal Needhi Maiam’ and hoisted a flag carrying the party’s symbol in Tamil Nadu’s Madurai. Haasan, who has embarked on a statewide tour, visited former President Dr APJ Abdul Kalam’s residence and addressed three public meetings earlier in the day.

INTERNATIONAL UPDATES

1. America pushes for ban on gun ‘bump stocks’, a move welcomed by all: US President Trump has signed an order to ban bump-stock devices, which were used by a gunman who killed 58 Las Vegas concert-goers last year. Such devices enable a rifle to shoot hundreds of rounds a minute.

OTHER UPDATES

DEFENCE:

1. Transport plane Saras to be fast-tracked: The government will fast-track the revived light transport plane Saras towards production and begin the feasibility study for a 70-seater regional transport aircraft RTA-70. The improved 19-seater would be first produced for the Indian Air Force by Hindustan Aeronautics Ltd. Saras would be a good fit for regional travel under the subsidised UDAN scheme.

2. Successful Night Trial Of Prithvi-II Missile: India successfully conducted a night trial of its indigenously developed nuclear capable Prithvi-II missile with a strike range of 350 km, from a test range in Odisha. The surface-to-surface missile was test-fired from a mobile launcher from launch complex-3 of the Integrated Test Range at Chandipur, Odisha.

BUSINESS/ ECONOMY:

1. RIL to buy 5% stake in Eros International: Mukesh Ambani-led Reliance Industries said it will buy a 5% stake in NYSE-listed Eros International for $48.75 million (over ₹316 crore). Separately, the companies also announced a ₹1,000-crore fund to produce and acquire Indian films and digital content. It is noteworthy that last year RIL had purchased 25% stake in media company Balaji Telefilms for ₹413 crore.

2. UP’s Khadi products to be now sold on Amazon: Uttar Pradesh’s Khadi and Village Industries Board has signed a pact with Amazon India. It is 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.

3. Capital First gets the NHB nod for merger with IDFC Bank: Capital First announced that the regulator National Housing Bank has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with IDFC Bank.

4. New KYC rules for telecom company managed payments banks: The Reserve Bank of India (RBI) has said that KYC (Know Your Customer) verification of payments bank customers done by telecom companies is not permissible. It has instructed payments banks to complete the KYC process independently through third parties. This comes after Airtel was penalised by UIDAI for allegedly opening payments bank accounts without ‘informed consent’ of the users.

5. India International Textiles Expo begins in Colombo: A three day India International Textiles Expo of India began in Sri Lankan capital of Colombo. It is being organized by Powerloom Development & Export Promotion Council with the support of Ministry of Textiles & Ministry of Commerce & Industry. At the event, about 45 exhibitors from various textile clusters of India displayed variety of fabrics, home textiles, traditional items etc.

6. EPFO fixes interest rate at 8.55 %: The Employees’ Provident Fund Organisation, EPFO has declared 8.55% interest rate for 2017-18 for its about 5 crore members, the lowest in five years. The move will affect around 6 crore subscribers and leave EPFO with a surplus of Rs 586 crore against Rs 695 crore in the previous financial year. Cut comes at a time when returns on debt funds have decreased to 6.75% from 7.5-8% last year.