Daily Current Affairs 05 April 2018

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Daily Current Affairs 05 April 2018

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Recommend: Times of India

 EC to set up Pink polling booths

The Election Commission (EC) will set up Sakhi/Pink polling booths for the first time in the Karnataka assembly elections.These pink polling booths will have completely female staff including presiding officers, polling officers, micro observers and security personnel.The pink booths are aimed at empowering women and increasing their participation in the poll process.

Flipkart signed a pact with MakeMyTrip

Flipkart and MakeMyTrip (MMT) have struck a partnership wherein the online retailer will start to sell travel services on its platform.MakeMyTrip’s multiple brands, including MMT, Goibibo and redBus, will leverage the large customer base of Flipkart platform to drive online bookings in travel services.The new partnership will start with domestic flight, hotels, bus and holidays bookings.

India, Azerbaijan ink two documents

India and Azerbaijan have inked two documents for the visa waiver for diplomatic, official and service passports holders and cooperation between diplomatic training institutes.The agreements were signed during the ongoing visit of External Affairs Minister Sushma Swaraj to that country.Mrs Swaraj is there to be part of 18th NAM Ministerial Conference in Baku.

Agreement between India and Afghanistan

Cabinet approved the agreement between Food Safety & Standards Authority of India (FSSAI) and Ministry of Agriculture, Irrigation & Livestock (MAIL), Afghanistan for cooperation in the field of food safety.FSSAI and MAIL would establish a mechanism of information exchange and communication.Areas of cooperation also include facilitating technical exchange on identified topics of interest.

3rd Annual Meeting of AIIB

2nd lead-up Conference to 3rd Annual Meeting of Asian Infrastructure Investment Bank on ‘Enhancing Port and Coastal Infrastructure’ was held in Visakhapatnam.The Conference was organized by the Ministry of Finance, AIIB, CII and Research and Infrastructure System for Developing Countries.The need for international funding for developing and maintaining inland waterways was discussed.

SEBI eases trade rules in commodity exchanges

To relax algorithm trading norms at commodity derivatives exchanges, SEBI raised the limit to process up to 100 orders per second by a user for such trade from the existing limit of 20 orders per second.Algorithmic trading or ‘algo’ in market parlance refers to orders generated at a super-fast speed by use of advanced mathematical models.‘Algo’ is used by large institutional investors.

National Maritime Day of India observed

The National Maritime Day in India is observed on April 5 every year.The National Maritime Day is observed annually to commemorate the maiden voyage of the first Indian owned ship “SS Loyalty” which sailed from Bombay to London in 1919.In 2018, the theme of the National Maritime Day is ‘Indian Shipping – An Ocean of opportunity’.

Cabinet approves rightsizing the CCI

The Cabinet approved rightsizing of Competition Commission of India (CCI) by halving the number of its members to three.CCI currently has one chairperson and six members. It will now have one chairperson and three members.This would lead to “faster turnaround in hearings” that is expected to result in speedier approvals.

Mirabai won gold in women’s weightlifting

Mirabai Chanu secured India’s first gold medal at the 2018 Commonwealth Games when she finished first in the women’s 48 kg weightlifting event at Gold Coast.Mirabai Chanu broke the Commonwealth Games’ weightlifting record by lifting 196 kg.The previous Games’ record was 175 kg set by Augustine Nwaokolo of Nigeria in 2010.This is her 2nd CWG medal following the silver she won in Glasgow.

Cabinet approved Human Rights Bill, 2018

The Union Cabinet approved the Protection of Human Rights (Amendments) Bill, 2018 for better protection and promotion of human rights in the country.The Amendment will strengthen the Human Rights Institutions of India for the effective discharge of their mandates, roles and responsibilities.It proposes to add a woman member in the composition of the human rights commission.

NASA set to build quiet supersonic planes

NASA is set to develop an ‘X-plane’ designed to fly faster than the speed of sound without producing the noise typical of supersonic flights.The X-plane’s mission is to provide crucial data that could enable commercial supersonic passenger air travel over land.The X-plane makes a quiet sonic boom due to its unique shape and design.

Weight Lifter P.Gururaja won Silver medal

Weightlifter P Gururaja opened India’s medal account on the first competition day of the 21st Commonwealth Games by winning the silver medal in Weightlifting.In the 56 kilogram category, P Gururaja lifted a total weight of 249 kg to finish second in the event.Malaysia took the Gold medal, while Sri Lanka got the Bronze medal.

ICICI facilitates money transfer for NRIs

ICICI Bank launched a service which enables Non-Resident Indians (NRIs) to send money to a beneficiary in India using social media platforms like WhatsApp and e-mail.This first-of-its-kind service known as ‘Social Pay’ is available on Money2India (M2I), the bank’s app for remittances.‘Social Pay’ embraces the medium as a way to simplify money transfers, adding to customer convenience.

Mechanism to address taxpayers grievances

The government will put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal.The IT Grievance Redressal committee will examine and approve the solutions for an identified issue.If a taxpayer faces problem due to failure of power supply, this mechanism shall not be available.

Aussie boxer becomes first CWG 2018 medallist

Australian boxer Taylah Robertson has become the first medallist of the 21st Commonwealth Games without even stepping into the ring.She got a bye straight into the 51-kilogram category women’s semifinals scheduled for April 13.The 19-year-old Taylah got the lucky Bronze medal due to the small size of her draw.

Govt clears India-Iran MoU for expert group

The government gave an ex-post facto approval to an agreement with Iran to set up an expert group on trade remedy measures.The MoU will establish a framework of cooperation in the area of trade remedial measures like anti-dumping and countervailing duty.The pact was signed on February 17 this year during the visit of the President of Iran.

India ranked 3rd in facing most cyber threats

India ranked third in the list of countries where the highest number of cyber threats were detected, and second in terms of targeted attacks in 2017, according to security software firm Symantec.India was ranked second globally when it comes to spam and phishing (misleading emails, weblink etc).Symmantec detected 133 targeted attacks in India which are the work of organised groups.

IndusInd Bank got RBI nod to acquire IL&FS

Private sector lender IndusInd Bank has received RBI’s approval to buy the securities services arm of IL&FS.In March 2017, the bank entered an agreement with Infrastructure Leasing and Financial Services (IL&FS) to acquire 100% stake in ISSL.Infrastructure Leasing and Financial Services (IL&FS) is the promoter shareholder of IL&FS Securities Services Ltd (ISSL).

NRDC to develop ASEAN technology data bank

The National Research Development Corporation (NRDC) will establish a technology data bank for ASEAN region as part of ASEAN-India Innovation Platform.The corporation has been entrusted by the Department of Science and Technology (DST) to manage the platform for a period of four years.The proposed data bank will link existing data banks of available technologies in the ASEAN region.

India became second largest crude steel-maker

India has overtaken Japan to become the world’s second-largest producer of crude steel in February, according to the Steel Users Federation of India.At present, China is the largest producer of crude steel in the world.India overtook the US in 2015 to become the third largest producer of crude steel.India produced 8.4 million tonnes of crude steel in February 2018.

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