Daily Current Affairs 10 May 2018

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Daily Current Affairs 10 May 2018
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daily-current-affairs-10-May-2018



Recommend: Times of India

# Stanford University to partner with UP

Uttar Pradesh Health Minister Sidharth Singh has said that the Stanford University in the United States will partner with UP to combat diseases like Japanese encephalitis and acute encephalitis syndrome.Companies like Boeing, Lockheed Martin also want to set up their plants in India, Singh added.Singh had led a delegation to the US to get investments from the country.

# Kerala Government to provide free internet

The Kerala Government will set up a Joint Venture company to launch its new optic fibre network.The Kerala Fibre Optic Network Limited will implement the Kerala Fibre Optic Network (K-FON) project.The K-FON initiative is being implemented to provide speedy internet connectivity to government offices and educational institutions and to the public at an affordable rate.

# Biggest City Gas Distribution Auction

India has launched its biggest auction of city gas distribution networks, offering permits for selling compressed & piped natural gas in 86 geographical areas.The 9th CGD licensing round would help bring gas coverage to 174 districts in 22 states & UTs, covering 29% of the country’s area.The cities for which CGD licenses are on offer include Bhopal, Ahmednagar & Ludhiana among others.

# YES Bank to launch water-security programme

YES Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative.The overall focus of the programme would be on sustainable agricultural practices and digital literacy.The programme would be rolled out initially across 15 districts (eight districts in Haryana and seven in Rajasthan).

# Easier credit norms for small farmers

The government has streamlined lending norms in schemes such as the Kisan Credit Card (KCC) to boost institutional credit flow to small and marginal farmers.Under revised guidelines, standard security requirements, such as hypothecation of crops, now do not apply to loans of up to Rs1 lakh.Under KCC, small farmers can avail of a “flexible limit” of between Rs10,000 and Rs50,000.

# India’s longest rail bridge on Brahmaputra

Bogibeel bridge, India’s longest rail-cum-road bridge on the Brahmaputra connecting Dibrugarh to Dehamji is expected to be open for public by October 2018.The bridge will boost defence logistics along the China border and reduce travel time for rail passengers and road users.The bridge will make Itanagar in Arunachal Pradesh easily accessible from Dibrugarh.

# Delhi government amended Minimum Wages Act

President Ram Nath Kovind has given his assent to the Delhi government’s Bill to amend the Minimum Wages Act.Under the amended act, employers violating labour rules in the city will now face fine ranging from Rupees 20,000-50,000 and jail term between one to three years.For an unskilled worker, the minimum wages is Rs 13,350 per month while for semi-skilled, it is Rs 14,698.

# MeitY launched internship scheme

Ministry of Electronics and Information technology (MeitY) has launched ‘Digital India Internship Scheme’ portal in which a token of ₹10,000 will also be offered to interns as remuneration per month.The internship scheme will enable the young students to learn closely about working of the transformative initiative of Digital India.The 2-month internship will start from June 2018.

# Telangana govt to launch Rythu Bandhu scheme

Telangana Government launched the “Rythu Bandhu Scheme” (Farmers’ investment support scheme) at Karimnagar district on 10th May.Under the scheme, the farmers will get ₹4,000 each an acre in the Kharif and Rabi seasons to take care of the credit needs ahead of the farm seasons.The government has excluded about 11 lakh tenant farmers from the scheme.

# Pawan Agarwal gets extension as CEO of FSSAI

Pawan Kumar Agarwal has been given three months extension as the Chief Executive Officer of the Food Safety and Standards Authority of India (FSSAI).Pawan Kumar Agarwal is a 1985-batch IAS officer of West Bengal cadre and has served as Joint Secretary of Ministry of Skill Development and Entrepreneurship.He was appointed as the CEO of the FSSAI in December 2015.

# Army’s Vijay Prahar exercise in Rajasthan ends

Indian Army’s ‘Vijay Prahar’ exercise in which over 25,000 troops of the Jaipur based South Western Command participated culminated in Rajasthan’s Suratgarh.Fighting equipments including tanks, attack helicopters, drones and fighter aircraft were used in the month-long exercise.The concept of ‘Air Cavalry’ employing attack & weaponized helicopters was also validated during the exercise.

# Walmart to buy control of Flipkart

Walmart had agreed to pay $16 billion for about 77% stake in Flipkart.It will be the biggest ever acquisition in India by a foreign firm surpassing the about $13 billion Vodafone spent in 2007 for buying Hutchison’s Indian business.The Walmart entered India in a joint venture with the Bharti Group in 2007 & started cash-and-carry stores named ‘BestPrice Modern Wholesale’ in 2009.

# India, Panama signed two agreements

India and Panama have signed two agreements on the exemption of Visas for holders of Diplomatic and Official Passports and in the field of Agriculture.Two centres for Biodiversity and Innovation will be set up by India in Panama.Both the countries have agreed to strengthen cooperation in tax information, air services, traditional medicines, culture and space.

# Draft of Telecom Interconnection released

The Indian telecom regulator released the draft amendment of telecommunication interconnection.TRAI has set time-frame for provisioning of ports for initial interconnection and augmentation to be increased to a maximum 42 working days.The draft said a service provider may request the other service provider for additional ports at a Point of Interconnection (POI).

# Six CWG stars join TOPS

Six Commonwealth Games medallists from the track and field, shooting and weightlifting disciplines were inducted into the Target Olympic Podium Scheme (TOPS)The objective of TOPS, launched by Ministry of Youth Affairs and Sports, is to identify & support the potential medal prospects for 2020 Olympic Games.The selected athletes are provided financial assistance for their training.

# India, Ethiopia held bilateral talks

India and Ethiopia vowed to strengthen cooperation in key areas such as defence, counter-terrorism, and trade and investment during the 2nd Joint Committee Meeting between the two countries.External Affairs Minister Sushma Swaraj and Dr Gebeyehu led their respective delegations.Both sides also exchanged views on issues of mutual interest.Addis Ababa is the capital of Ethiopia.

# China launched new satellite

China successfully launched a hyperspectral imaging satellite for comprehensive observation of the atmosphere, including air pollution.The Gaofen-5 satellite was launched off the back of a Long March 4C rocket from the Taiyuan Satellite Launch Center in northern Shanxi Province.It will help reduce China’s dependence on foreign hyperspectral satellite data.

# India to station fighter planes in Andaman

India has decided to station fighter airplanes in Andaman & Nicober Islands to strengthen India’s hold over the crucial Malacca, Sunda, and Lumbok Strait.This is the first time fighter airplanes will be positioned in Andaman and Nicobar islands since World War II.The Malacaa, Sunda and Lumbok straits are narrow ocean passes that connect the Indian Ocean to the South China Sea.

# Committee constituted to advise 15th FC

15th Finance Commission has constituted an advisory council to advise & assist them on any issue or subject related to Terms of Reference of the Commission.The council will assist in the preparation of any paper or research study and will be led by Arvind Virmani, President of the Forum for Strategic Initiatives.The chairman of 15th Finance commission is N. K. Singh.

# Green licence plates for e-vehicles

To promote electric vehicles in India, the government has approved green licence plates bearing numbers in white fonts for private e-vehicles & yellow for taxis.The purpose behind distinctive number plates is their easy identification for preferential treatment in parking beside other proposed benefits like concessional toll.India at present has 1 to 1.5 lakh electric vehicles.

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