Wednesday, 24 January 2018

Current Affairs 24/01/2018



NATIONAL

India-ASEAN Business & Investment Conference Held in New Delhi
India-ASEAN business and investment conference held in New Delhi ahead of the landmark commemorative summit.
In the conference, Commerce Minister Suresh Prabhu stresses enhanced connectivity via land to strengthen trade ties.
Silver jubilee of India-ASEAN partnership is being celebrated in New Delhi on the 25th January with an unprecedented summit meet.

Tata Steel to organise 7th Asia Steel Summit:
 The 7th Asia Steel International Conference will be held in Bhubaneswar from February 6 to 9.
Tata Steel, in association with the Indian Institute of Metals, announced it. The last Asia Steel conference was held in 2015 at Yokohama, Japan.
This major conference is held every three years and provides a platform for exchange of knowledge on various aspects of the global steel industry.
Odisha
  • Capital: Bhubaneswar
  • Chief Minister: Naveen patnaik
  • Governor: C. Jamir

India to Host 16th International Energy Forum Meet:
 The 16th International Energy Forum (IEF) Ministerial meeting will be held in New Delhi in April 2018.
According to the Union Minister of Petroleum and Natural Gas Dharmendra Pradhan, the meeting will be hosted by Government of India in New Delhi and co-hosted by the Government of China and South Korea.

The Management Information System (MIS) portal for Anganwadi Services Training Programme launched by WCD Ministry:
Secretary, Ministry of Women and Child Development, Shri Rakesh Srivastava launched the Management Information System (MIS) portal for Anganwadi Services Training Programme in New Delhi. The Ministry of Women and Child Development in collaboration with National Informatics Centre (NIC), has developed a Management Information System (MIS) portal for submitting applications/estimates by NGOs for carrying out Anganwadi Services (ICDS) Training through AWTCs/MLTCs. The first phase of the portal will enable NGOs to submit proposal to the respective States/UTs.

India’s 1st ever International Dam Safety Conference kicked off:
India’s first ever International Dam Safety Conference kicked off in Tiruvanantapuram inaugurated by Chief Minister Pinarayi Vijayan. Two-day conference aims to discuss several issues plaguing dam safety. Challenges in dam safety management across the globe, an overview of the centrally-funded Dam Rehabilitation and Improvement Project and World Bank initiatives are some of the issues that will be discussed at the conference. Union Minister of State for Water Resources Arjun Ram Meghwal will preside over the function.
Kerala
  • Capital: Tiruvanantapuram
  • Chief Minister: Pinarayi Vijayan
  • Governor: Sathasivam

Pink City lays the foundation stone for Homeopathy Research Institute:
The Minister of State (IC), for AYUSH, Shri Shripad Yesso Naik laid the foundation stone for Central Research Institute (CRI) in Jaipur. This will be the third CRI under the aegis of Central Council for Research in Homoeopathy (CCRH), an autonomous body of Ministry of AYUSH for undertaking scientific research in Homoeopathy, with 23 institutes across the country.
Rajasthan
  • Capital:Jaipur
  • Chief Minister:Vasundhara Raje
  • Governor:Kalyan Singh

INTERNATIONAL

India inks $120 million loan agreement with World Bank to fund improved water supply in Uttarakhand:
Multilateral lending agency World Bank and India inked $ 120 million loan agreement which will help increase access to improved water supply services in peri-urban areas in Uttarakhand.
The agreement was signed between Government of India, Government of Uttarakhand and World Bank Board.
Uttarakhand
  • Capital: Dehradun
  • Chief Minister:Trivendra Singh Rawat
  • Governor: Krishna Kant Paul

Andhra Pradesh-Zurich Sign Sister State Agreement:
The Andhra Pradesh Government and the Canton of Zurich signed a letter of intent, to promote mutual prosperity and development.
The agreement was signed in the presence of Chief Minister Naidu by Finance Minister Yanamala Ramakrishnudu and Government Counselor Minister Carmen Walker Spah for sister state relation
The agreement will further strengthen economic and scientific relations between the two governments in the areas such as Information and Communication Technology, Environmental Technology, Life Sciences and Urban and Regional Development.
Andhra Pradesh
  • Capital: Amaravati
  • Chief Minister: Chandrababu Naidu
  • Governor: E. S. L. Narasimhan
Switzerland
  • Capital: Bern
  • Currency: Franc

BANKING & BUSINESS

India, 5th Most Attractive Market for Investments: PwC Survey             
India has emerged as the fifth most attractive market for investments and the optimism over global economic growth is at a record level, a survey of CEOs by global consultancy PwC.
The US remains the top spot for global investment.
Around 46 per cent of global CEOs consider the US as one of the three most important countries for growth, followed by China (33 per cent) and Germany (20 per cent) at second and third places, respectively. At the fourth spot is the UK (15 per cent).
India (9 per cent) bumps Japan (8 per cent) as the fifth most attractive market in 2018.

NIIF Makes its First Investment Partnered with DP World:
NIIF has partnered with DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India.
The venture will invest in opportunities in the ports sector as well as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals and logistics infrastructure, including cold storages.

APPOINTMENT & RESIGNS

Somanath takes charge as VSSC director:
 ISRO’s Liquid Propulsion Systems Centre (LPSC) director S Somnath has taken charge as the new director of Vikram Sarabhai Space Centre (VSSC), which is ISRO’s lead centre for launch vehicles.

 US Senate confirms Powell as next Chairman of Federal Reserve:
The US Senate confirmed former investment banker Jerome Powell as head of the Federal Reserve.
Mr Powell, a current Fed governor, was confirmed by a vote of 85-12, paving the way for him to replace current Chair Janet Yellen when she steps down next month.

SPORTS

West Indies to Host 2018 Women’s World T20:
The International Cricket Council (ICC) has announced, the 2018 edition of the Women’s World T20 will be hosted by West Indies in November 2018. Hosts Windies will defend the title they won over Australia in Kolkata in 2016.

Rakhi Halder creates new national record in Women Senior National Weightlifting Championships:
Rakhi Halder created a new national record and en route to a gold medal in the 63kg women’s category in the 33rd Women Senior National Weightlifting Championships, in Mangaluru, Kerala.
Rakhi lifted 128kgs for a total of 230kgs to create a new national record, bettering Karnam Malleswari’s feat (127kg) created in Athens in 1999.
The silver in this category went to S Thasana Chanu of Karnataka (202kg) while the bronze was clinched by AIPSCB’s Amandeep Kaur (191kg).

OBITUARIES

Hugh Masekela, ‘Father of South African Jazz’ Passes Away:
 Father of South African jazz’, who had career spanning more than five decades, dies aged 78.
South Africans have paid tribute to Hugh Masekela, the legendary jazz musician and activist, who died at the age of 78.

 HISTORIC EVENT OF THE DAY

National Girl Child Day: January 24
Prime Minister Narendra Modi said that the nation is proud of the accomplishments of girls in various fields. In a tweet on the occasion of National Girl Child Day, Mr Modi said, India salutes the skills, strengths and fortitude of the girl child.


Friday, 19 January 2018

Data Interpretation 19/01/2018




D.1 – 5)Study the following information carefully and answer the questions given below.
A silver coins produced by three different companies-A,B and C. The production of silver coins over a period of six years has been expressed in the bar graph provided below.
Production of silver coins in lakhs.


Q.1) In which year, the average output of the 3 companies together (for that year) is the fourth highest in terms of production?
a) 2009
b) 2010
c) 2012
d) 2013
e) 2014
Q.2)Sum of production of silver coins by company A and production of silver coins by company B in the given period is approximately what percentage of total production of silver coins by all the three companies in 2009 and 2012 together? (Approximately)
a) 208%
b) 219%
c) 209%
d) 206%
e) None of these
Q.3)The average production of silver coins by company B in 2009, 2010 and 2011 is what percentage the average production of silver coins by company C in 2012, 2013 and 2014?
a) 95.43%
b) 94.32%
c) 84.52%
d) 82.02%
e) None of these
Q.4) what is the difference (in lakhs) between the total silver coins produced by company A in all the years together andtotal silver coins produced by company C in all the years together.
a) 35
b) 32
c) 30
d) 38
e) 29
Q.5) silver coins produced by company B in 2013 is what percentage more than the silver coins produced by company B in previous year?
a) 17.9%
b) 12.45%
c) 19.8%
d) 16.67%
e) 15.23%

Q. 6 – 10) Study the following information carefully and answer the following questions.

Q.6) What is the total number of Novel book readers in state B,E and F together?
a) 12500
b) 16250
c) 13550
d) 15500
e) None of these
Q.7) What is the difference between number of thriller book readers in state B,C and F  and the  number of Novel book readers in state A,C and D?
a) 7500
b) 8900
c) 7700
d) 6800
e) None of these
Q.8) Thriller book readers in state C is what percent of the Novel book readers in state B and D together?
a) 102.67%
b) 125%
c) 104.9%
d) 109.7%
e) None of these
Q.9) What is the ratio of the average of thriller book reader in state D and E togetherand average of Novel book reader in all the state together( excluding D)?
a) 39 : 43
b) 45 : 43
c) 43 : 45
d) 49 : 36
e) None of these
Q.10) If male to female ratio of Thriller book readers is 3:2 in state C, then how many female readers in state C?
a) 3565
b) 3080
c) 2456
d) 3803
e) None of these

ANSWERS:

1) e







Q.2) d
Production of silver coins by company A=32+44+50+48+52+36=262
Production of silver coins by company B=38+24+54+36+42+28=222
Total=262+222=484
2009=32+38+28=98
2012=48+36+53=137
Total=235




Q.3) b
average production of silver coins is company B in 2009, 2010 and 2011 year,


average production of silver coins is company C in 2012, 2013 and 2014 year,
 




Q.4) e
Total silver coins produced by company A in all the year together,
=32+44+50+48+52+36=262 lakh
Total silver coins produced by company C in all the year together,
=28+34+48+53+30+40=233 lakh
Difference =262-233=29 lakh

Q.5) d



Q.6) b
 




Q.7) c
 



 




 


Q.8) a
 







Q.9) d
 




 



Q.10) b
 



Sunday, 7 January 2018

Current Affairs 07/01/2018

                                       


                                              





NATIONAL

RBI Introduces New Rs 10 Banknote In Mahatma Gandhi Series

  • The Reserve Bank of India (RBI) presented the new Rs 10 banknote under the Mahatma Gandhi (New) series.
  • The central bank has announced that it will launch the new currency note as legal tender soon.
  • The new Rs 10 note is chocolate brown in colour, and it will bear the signature of RBI Governor Urjit Patel.
  • The back of the note features motif of Sun Temple in Konark, ‘depicting the country’s cultural heritage’. Dimensions of the note are 63mmx123mm, as opposed to the older notes 63mmx137mm.
RBI
Headquarters: Mumbai
Governor: Urjit Patel

West Bengal CM Unveils State Logo With Biswa Bangla Theme

  • The West Bengal Chief Minister Mamata Banerjee inaugurated its own State symbol.
  • The logo highlights the Ashoka emblem on the top with the theme of “Biswa Bangla” at the centre.
  • It was designed by Chief Minister Mamata Banerjee herself and it was reviewed by a State government committee headed by eminent artist Jogen Chowdhury.
  • Many States like Odisha, Bihar and Telangana have their own seals and logos.
West Bengal chief secretary: Malay De
West Bengal
Capital: Kolkata
Chief Minister: Mamata Banerjee
Governor: Keshari Nath Tripathi

World Book Fair Begins In New Delhi To Focus On Environment

  • The 26th edition of New Delhi World Book Fair is all set to begin in New Delhi.
  • It will be held at Pragati Maidan and it is organised by the National Book Trust (NBT), India, in association with India Trade Promotion Organization (ITPO).
  • Burning environment issues like climate change, global warming, and water pollution will be the main theme for this year’s New Delhi World Book Fair.
  • This year’s book fair will host European Union as the Guest of Honour Country.
  • Apart from the EU nations, more than 40 countries including Belgium, Canada, China, Denmark, Egypt, France, Germany, Pakistan and United Kingdom will participate in the book fair.
Theme: Environment and Climate Change

International Balloon Festival Begins In TN

  • The fourth edition of the Tamil Nadu International Balloon Festival will be held in Pollachi near Coimbatore.
  • Twelve hot-air balloons from six countries — the US, Belgium, the Netherlands, France, Poland and Germany — will be showcased at the festival.It will also feature Tamil Nadu Tourism Department’s ‘2.0’ balloon and those on angry birds.
  • It is organised by media company Global Media Box and The Slaves, a Pollachi-based restaurant, with the support of the State Tourism Department and Adhiban Fincorp.
Tamil Nadu
Capital: Chennai
Chief Minister: Edappadi K. Palaniswami
Governor: Banwarilal Purohit

Boeing To Set Up P-8I Anti-Sub Aircraft Training Unit In TN

  • Boeing will set up a training facility for its P-8I warfare aircraft at the naval air station INS Rajali, near Arakkonam in Tamil Nadu.
  • The 60,000-sq ft facility for P-8I Long Range Maritime Reconnaissance Anti-Submarine Warfare aircraft will be commissioned by March 2021. The India training facility will be the second for Boeing globally, the first one being in Australia.
  • The P-8I Training Solution, along with 10-year comprehensive maintenance service, will be brought from Boeing for ₹1,949.32 crore.
  • The order was cleared by Defence Minister Nirmala Sitharaman.
Tamil Nadu
Capital: Chennai
Chief Minister: Edappadi K. Palaniswami
Governor: Banwarilal Purohit

Himalayan Hydro Expo 2018 Kicked Off At Kathmandu

  • The Himalayan Hydro Expo 2018 begins at Kathmandu, Nepal.The President of Nepal Bidya Devi Bhandariinaugurated the exhibition.
  • The Delegates from various countries including India, China, Austria, Czech Republic and Norway are participating in the expo.
  • The basic objective of Expo is to unleash massive hydro power potential of Nepal and bring all stakeholders under one roof.
Nepal
Capital: Kathmandu
Currency: Nepalese rupee
Prime Minister: Sher Bahadur Deuba

INTERNATIONAL               

India Excludes Pakistan From A Saarc Initiative

  • India has excluded Pakistan from the list of Saarc member countries with which it will be connecting its state-of-the art National Knowledge Network (NKN) for sharing scientific databases and remote access to advanced research facilities.
  • The government has started the process of appointing a telecom company that will connect and extend the NKN to research and education networks in six South Asian Association of Regional Cooperation member states — Afghanistan, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka.
  • Pakistan is the only Saarc nation that has been left out of this initiative.
Pakistan
Capital: Islamabad
Currency: Pakistani rupee
Prime Minister: Shahid Khaqan Abbasi

Iceland Becomes 1st Country To Legalise Equal Pay

  • Iceland has stepped up for equality and has become the first country in the world to legalise equal pay.
  • The country aims to eradicate gender pay inequality by the year 2022 .
  • According to World Economic Forum, Iceland already ranks first in terms of global gender equality index. In 2017, it bagged the first place for the ninth consecutive year.
  • According to a law passed by the parliament in June, all companies, both private and public, need to prove that their wage practices don’t discriminate against women. The only difference in wages that may exist, should be on the basis of education, output, and skills.
Iceland
Capital: Reykjavik
Currency: Icelandic krona
Prime Minister: Bjarni Benediktsson

BUSINESS AND ECONOMY

India GDP Growth Will Be 6.5% In 2017-18, Down From 7.1% Last Fiscal: CSO

  • The Indian economy is expected to decelerate to 6.5% in 2017-18 from 7.1% in the previous year, because of demonetisation and goods and services tax (GST).
  • Data released by the Central Statistics Office (CSO) showed that the agriculture sector is expected to grow at 2.1% in FY18, slower than 4.9% in the previous year, while manufacturing is likely to grow at 4.6%, compared with 7.9% a year ago. Electricity and trade, hotels sectors are the only sectors that will grow at a faster rate of 7.5% and 8.7% in FY18 than in FY17.
  • The annual growth rate for the fiscal 2016-17 was 7.1 per cent.
Economic affairs secretary: Subhash Chandra Garg.

TIHCL Gets RBI Nod To Operate As NBFC

  • The Telangana Industrial Health Clinic Limited (TIHCL) has secured the RBI approval for becoming a non-banking finance company (NBFC).
  • It had won the SKOCH Platinum Award in September 2017 under the smart governance category in the MSME segment.
  • A non-bank financial institution is a financial institution which is registered under companies act, 1956 that does not have a full banking license or is not supervised by a national or international banking regulatory agency.
NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below:
  • i. NBFC cannot accept demand deposits;
  • ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
  • iii. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

Paytm Payments Bank Ties Up With IndusInd For FD Facility

  • Paytm Payments Bank has partnered with Induslnd Bank to introduce a facility to create a fixed deposit when the customer balance exceeds Rs 1 lakh at the end of day.
  • Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges. They can also earn up to 6.85 percent annual interest.
  • If a customer becomes a senior citizen before the maturity period, the account will be auto renewed under the senior citizen scheme with high interest rate.
Paytm Payments Bank MD and CEO: Renu Satti
IndusInd CEO: Romesh Sobti

AWARDS AND HONOURS

Ravi Menon Named Best Governor Of Asia Pacific

   

  • An Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018.
  • Ravi Menon, managing director of Singapore’s central bank Monetary Authority of Singapore (MAS).
  • The award was given by UK-based magazine ‘The Banker‘ for his contribution in the makeover of Singapore’s financial system.
  • Singapore’s Finance Minister Heng Swee Keat was also named the best banker in 2011. He was then as MAS’s managing director.

OBITUARY

Carnatic Vocalist Radha Viswanathan Passes Away

  • Carnatic singer, Radha Viswanathan passed away in Bengaluru. Radha Viswanathan is the daughter of famous classical singer M S Subbulakshmi.
  • She had performed in concerts along with her mother M S Subbulakshmi.

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