Daily Current Affairs 04 May 2018

Daily Current Affairs 04 May 2018
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# 4th Regional Conference of AIIB

The 4th Regional Conference of AIIB on Futuristic, Resilient and Digital Infrastructure was organised in Bengaluru on May 3.It was organised by the Ministry of Finance, Confederation of Indian Industry, and Research and Information System for Developing Countries.The 2-day Conference is a lead-up to the 3rd Annual Meeting of the Asian Infrastructure Investment Bank.

# EPFO introduces View Pension Passbook service

EPFO introduced ‘View Pension Passbook’ Service for the pensioners through ‘UMANG app’.On clicking ‘View Passbook’ option, it requires PPO Number and Date of Birth information to be entered by the pensioner.Other e-services of EPFO already available through UMANG app includes EPF Passbook, Raise claim, Track Claim, eKYC services etc.

# NPS subscribers allowed to withdraw fund

Pension fund regulator PFRDA has said National Pension System (NPS) subscribers will now have the option to partially withdraw funds.Funds can be used for setting up new business or pursuing higher education.NPS and Atal Pension Yojana, both regulated by the PFRDA, currently have a cumulative subscriber base of over 2.13 crore with total asset under management of over Rs 2.38 lakh crore.

# RBI asks FPI data from listed companies

The Reserve Bank asked all listed companies to provide information on Foreign Portfolio Investors (FPI) investments to depositories before May 15.Currently, the RBI receives data on the investment made by FPIs and Non-Resident Indians on Stock Exchanges from banks.Depositories have to provide the necessary infrastructure and systems for operationalising the monitoring mechanism.

# Kidambi Srikanth became Deputy Collector in AP

Indian shuttler Kidambi Srikanth formally took charge as the Deputy Collector of Guntur, Andhra Pradesh, his native town.In June 2017, Andhra Pradesh CM Chandrababu Naidu had offered Srikanth a Group 1 officer post after he won the Indonesian and Australian Open titles.Recently, Srikanth bagged his maiden singles’ silver medal at Commonwealth Games.

# AK Mittal to be acting CJ of Punjab & Haryana

Justice AK Mittal has been appointed as the acting Chief Justice of Punjab & Haryana High Court, Chandigarh.Appointment of Justice Mittal, who is the first puisne Judge of the HC, has been notified by centre because of the retirement of CJ Vazifdar.Collegium had recommended the appointment of Justice Krishna Murari as the CJ of High Court but the Centre did not act on this recommendation.

# CBDT signs 200th UAPA in April

The CBDT has signed its 200th unilateral advance pricing agreement (UAPA), which is aimed at promoting government’s resolve of the non-adversarial tax regime.The Central Board of Direct Taxes had entered into one UAPA during April, thus taking the total count to 200.The UAPA entered into during April 2018 pertains to the provision of sourcing support services.

# Mary named ambassador for TCS World marathon

Former tennis star Mary Pierce has been named the International Event Ambassador for TCS World 10K 2018 Marathon.The marathon, scheduled to be held in Bengaluru for May 27.Mary Pierce reached her career high ranking of World No. 3 in 1995, post her first Grand Slam Singles title – that of the Australian Open in January 1995.

# MT Vasudevan Nair wins ONV Literary Award

Legendary writer M T Vasudevan Nair has been selected for the ONV Literary Award instituted by the by the ONV Cultural Academy. The award carries Rs 3 lakh.The ONV award for young promising writer has gone to ‘Amma urangunnilla’, a poetry collection by Anuja Akathoottu.The awards were presented by Kerala Chief Minister Pinarayi Vijayan.

# India doing extremely well on electrification

India is doing “extremely well” on electrification with nearly 85% of the country’s population having access to electricity, the World Bank has said.According to the World Bank, between 2010 and 2016, India provided electricity to 30 million people each year, more than any other country.India is all set to achieve the target of universal access to electricity before the 2030 target date.

# Ashok Lahiri appointed full-time member

Former Chief Economic Adviser Ashok Lahiri has been appointed as full-time member of the 15th Finance Commission.He is at present the part-time member of the commission, headed by N.K. Singh.He will be accorded the status of the Minister of State.The 15th finance commission’s chairman is N. K. Singh, with its full-time members being Shaktikanta Das and Anoop Singh.

# First meet of Defence Planning Committee

The new Defence Planning Committee (DPC) met for the first time under the chairmanship of National Security Advisor Ajit Doval.The DPC will draft National Security Strategy (NSS) and other doctrines as well as ushering reforms in the country’s higher defence management and planning.The Chief of Integrated Staff in the Ministry of Defence will be the member secretary of DPC.

# Maha launched mobile weather information app

Maharashtra Chief Minister launched ‘MahaVedh’, a mobile application which provides weather-related information to farmers.The application will provide real-time information on temperature, humidity and a forecast for 15 days.The application will also provide forecasts of lightning.

# India slips 3 notches in FDI Confidence Index

India’s ranking fell three places to 11th spot in global consultants AT Kearney’s Foreign Direct Investment Confidence Index 2018.India remained the second highest emerging market on the Index.India fell out of the top 10 for the first time since 2015.The index was topped by U.S followed by Canada and Germany at the second and third position respectively.

# US to reschedule the 1st two-plus-two dialogue

The US is looking to reschedule the first two-plus-two dialogue with India, following the confirmation of Mike Pompeo as President Donald Trump’s new Secretary of State.The dialogue involves defense and foreign ministers from the two countries.The dialogue is likely to take place sometime this summer, most probably after the historic summit meeting between Trump and Kim Jong un.

# 65th National Film Awards 2018

The 65th National Film Awards 2018 ceremony began at Vigyan Bhawan in New Delhi.Actor Sridevi posthumously won the Best Actress Award for her role in Hindi film Mom while Bengali actor Riddhi Sen got the Best Actor award for Nagar Kirtan.The Best Feature Film award went to Assamese film Village Rockstars.Actor Vinod Khanna was awarded the Dadasaheb Phalke Award.

# Pakistan reopend major trade route with Afghan

Pakistan has reopened a major trade route with Afghanistan, the Ghulam Khan pass after four years.Authorities had closed Ghulam Khan border crossing in 2014, after the launch of military operation in North Waziristan.Pakistan’s army claims that 95% of the area is now militant-free and all the militants’ hideouts have been destroyed.

# Freedom fighter Keyur Bhushan passed away

Well-known Gandhian, freedom fighter & writer Keyur Bhushan passed away.Bhushan took part in the 1942 Quit India movement as a student in Raipur and was incarcerated.He penned novels, collections of short stories and poems. He also edited Sapthahik Chhattisgarh’ and Antyoday’.During the 1980s, when terrorism ragged in Punjab, he undertook a foot march to promote peace.

# India to organise cultural festival in Egypt

India is organising a 5 day cultural festival in Egypt to commemorate the 157th birth anniversary of Rabindranath Tagore.Festival is being organised by Maulana Azad Centre for Indian Culture, the cultural wing of Indian Embassy in Cairo.An exhibition of paintings of Tagore titled ‘Rabindranath Tagore: Rhythm in Colours’ will be held at Museum of Ahmed Shawky at Giza.

# Sushma to chair session on Act East Policy

External Affairs Minister Sushma Swaraj will be chairing an interactive session on Act East Policy in New Delhi.Chief Ministers of 8 North Eastern states – Mizoram, Arunachal Pradesh, Nagaland, Sikkim, Assam, Manipur, Meghalaya, Tripura have been invited to attend this meeting.They will be accompanied by senior officials from the States who deal with policy issues related to the subject.

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