Daily Current Affairs 01 May 2018

Daily Current Affairs 01 May 2018
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# BS-VI fuel to be available by April 1, 2019

The Centre told the Supreme Court that the BS-VI fuel will be made available by April 1, 2019, in 17 out of 23 districts in the National Capital Region.The government also told that BS-VI fuel will also be made available in Agra in Uttar Pradesh on or before April 1, 2019.Delhi has already switched to BS-VI fuel and the cleaner fuel is now available across the petrol pumps in Delhi.

# Swachh Bharat Summer Internship commenced

The Swachh Bharat Summer Internship commenced from 1st May.The programme aims to engage millions of youngsters across the country, to encourage them to contribute to the Swachh Bharat Mission.Ministry of Drinking Water and Sanitation in association with Ministry of Human Resource Development and Ministry of Youth Affairs and Sports has launched a novel and first of its kind initiative.

# SEBI tightens KYC norms for FPIs

SEBI came out with a detailed framework for Risk Based Know Your Client (KYC) documentation of Foreign Portfolio Investors (FPIs).The market regulator made it clear that Non-Resident Indians (NRIs), Overseas Citizens of India (OCI) and resident Indians cannot be beneficial owners of FPIs.NRIs and OCIs can only obtain an FPI licence when they limit their roles to investment advisors.

# Economist & WB Finance Min Ashok Mitra died

Noted scholar and former Finance Minister in the Left Front government in West Bengal Ashok Mitra passed away on 1st May.Mr. Mitra was also an eminent economist and penned several newspaper columns on social and economic issues.He was the Chief Economic Adviser to the Central Government from 1970 to 1972.In the mid-1990s he became a member of Rajya Sabha.

# SC eases procedure for case record transfer

Trial courts need to give only photocopies of case records to higher Courts. The transfer, to and fro, of original records impedes speedy trial, the Supreme Court ordered.At present, the original records are transferred from the trial court to the High Court.The order said that in specific cases, the appellate/revisional court may call for the original records for perusal.

# Dalmia group adopts Gandikota fort in Andhra

Dalmia Bharat Limited has also ‘adopted’ Gandikota Fort in Andhra Pradesh under “Adopt a Heritage: Apni Dharohar, Apni Pehchaan”.“Adopt a Heritage: Apni Dharohar, Apni Pehchaan” is a collaborative effort between the Ministry of Tourism, Archaeological Survey of India (ASI), states and union territories.Under the contract, the company will focus on providing basic amenities at the fort.

# India, Nepal to review bilateral trade treaty

India and Nepal have agreed to review bilateral trade treaty.The decision was taken at the meeting of India-Nepal Inter Government Committee on Trade, Transit and Cooperation to Control Unauthorised Trade, held in Kathmandu.The two sides also discussed amendments to the bilateral Treaty of Transit signed in 1999 to further facilitate transit movement of Nepal’s trade with third countries.

# NITI Aayog’s agenda for ‘New India 2022’

NITI Aayog will soon come out with a development agenda for ‘New India 2022’, which will spell out strategy for expediting economic growth.It will start working on a 15-year vision document after finalising the development agenda document for ‘New India 2022’.It had planned to come out with three documents: 3 year action agenda, 7 year medium-term strategy and 15 year vision document.

# WhatsApp boss and co-founder Jan Koum to quit

The chief executive and co-founder of WhatsApp, the Facebook-owned messaging app, is leaving the company over disagreements about privacy and encryption.Jan Koum will also step down from Facebook’s board of directors.WhatsApp, with 1.5 billion monthly users, is the largest messaging service in the world.

# Dominican Republic cuts ties with Taiwan

The Dominican Republic severed ties with Taiwan after nearly 80 years.The Dominican Republic established diplomatic relations with China.Taiwan now has formal relations with only 19 countries, many of them poor nations in Central America and the Pacific.Panama cut its diplomatic ties in favor of Beijing in June last year.

# Rizvi claims No.1 spot pistol rankings

Indian shooter Shahzar Rizvi grabbed the number one spot in 10m air pistol rankings by ISSF.He won the silver medal in the just-concluded World Cup in Changwon, Korea.Rizvi had previously won a gold medal with a world record score at the World Cup in Guadalajara, Mexico in March.The other Indians in the top-10 are Jitu Rai and Om Prakash Mitharval who are at 6th & 12th spot.

# World Asthma Day observed on 1st May

World Asthma Day is celebrated worldwide on the first Tuesday of May every year.It is organised by the Global Initiative for Asthma (GINA), it is a global health event aimed at improving asthma awareness and care worldwide.The theme of this year’s event is ‘Never too early, never too late’.Asthma is a chronic lung disease that is caused by inflammation of the airways.

# NASA mission to study heart of Mars

NASA is set to launch Interior Exploration using Seismic Investigations, Geodesy and Heat Transport (InSight) on May 5.InSight will be the first mission to peer deep beneath the Martian surface, studying the planet’s interior by measuring its heat output and listening for marsquakes.It will use the seismic waves generated by mars quakes to develop a map of the planet’s deep interior.

# Blue Origin launches its first space mission

Blue Origin, the US aerospace company owned by Amazon founder Jeff Bezos, has launched its suborbital ‘New Shepard’ rocket and space capsule.The mission marked the company’s first test flight of the year and second flight of the New Shepard 2.0 spacecraft.New Shepard is a reusable vertical takeoff, vertical landing space vehicle, consisting of a pressurized capsule atop a booster.

# Uday Kotak redesignated as MD & CEO

The board of directors of Kotak Mahindra Bank has redesignated Uday Kotak as Managing Director and Chief Executive Officer with effect from 1 May, 2018.Mr. Kotak was earlier executive Vice Chairman and Managing Director.Mr. Kotak was the only official among private banks to have a Vice Chairman designation.

# Haryana to adopt startup ranking

Haryana government had decided to adopt startup ranking framework issued by Department of Industrial Policy and Promotion (DIPP), Government of India.This would help bring to fore progress made by the state for promoting start-up ecosystem & foster competitiveness.The framework is spread across seven areas of interventions with a total of 38 action points and overall score of 100 marks.

# Gobardhan Yojana launched from Haryana

Union Minister for Drinking Water and Sanitation launched the Gobardhan scheme from Haryana’s Karnal district on 30th April.The scheme would focus on managing and converting cattle dung and solid waste in farms to compost, biogas and  bio-CNG.The Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was first announced by Finance Minister Arun Jaitley in budget.

# Pilot scheme for 2,500MW power procurement

Government has launched a Pilot Scheme for procurement of aggregate power of 2500 MW on competitive basis from commissioned power plants without “power purchase agreements” (PPA).The main purpose of the scheme is to revive commissioned power plants which are unable to sell electricity in the absence of valid PPA.The bids under the scheme will be invited in the first week of May.

# 2nd rapidly growing country for air traffic

India has been projected to be the second fastest growing country in the world for air passenger traffic.The Airports Council International (ACI), a global trade body representing airports, in its traffic forecasts, said, by 2022 passenger traffic in emerging economies like India will surpass advanced economies.ACI has put Vietnam at the top position with an 8.5 percent growth rate.

# International Labour Day observed on 1st May

International Labour Day, also known as International Worker’s Day or May Day is observed on 1st May.It is observed every year to promote and encourage the international labour associations.The day marks the victory of workers’ movement for eight hours of work.It also aims to pay tribute to workers sacrifices in achieving economic and social rights all over the world.

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