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1 July 2018 Current Affairs
Indian economy to touch $5 trillion by 2025: President Kovind

President Ram Nath Kovind said the Indian economy is set for a surge in the next decade
with the Gross Domestic Product (GDP) size doubling to 5 trillion US dollars probably by
“The growth in financial and business transactions will mean more work for chartered
accountants and place a greater responsibility on you,” he added.

CRPF launches ‘Madadgaar helpline’ in J-K

The Central Reserve Police Force launched ‘Madadgaar Helpline’, a distress helpline for the
people of Jammu and Kashmir, with the aim of providing immediate assistance to locals.

Kashmiris across the valley are reaping the benefits of the scheme and lauded the CRPF for
their assistance.

Naidu releases commemorative coin on Mahalanobis

Vice President M Venkaiah Naidu released a commemorative coin of Rs 125 denomination to

celebrate the 125th birth anniversary of scientist Prasanta Chandra Mahalanobis and 12th
Statistics Day.

Describing Mahalanobis as the architect of the National Sample Survey Organisation, he

said the coin was a fitting tribute to a “great soul and genius statistician”.

PAN-Aadhaar linking deadline extended till March 2019

Deadline for the PAN-Aadhaar linking has been extended till March 31, 2019, by Central
Board of Direct Taxes (CBDT). The CBDT previously extended the deadline till March this
year for individuals to link their Permanent Account Number to biometric ID Aadhaar.

The Aadhaar issuing authority Unique Identification Authority of India (UIDAI) has made
Virtual ID (VID) system operational with its Authentication User Agencies (AUAs) which
have migrated to VID and UID Token.

The Virtual ID is a 16-digit random number mapped with the Aadhaar number.

Meanwhile, UIDAI has also classified its AUAs in ‘Global’ and ‘Local’ categories for providing
authentication facility for VID through UID Token and Limited KYC.

Odisha, RIMES sign MoU for effective disaster management

The Odisha government signed a Memorandum of Understanding (MoU) with the Regional
Integrated Multi-Hazard Early Warning System (RIMES) for effective management of

RIMES-Thailand, is a UN registered international and inter-governmental institution,

owned and managed by its 48 members and collaborating states for building capacities in the
generation and application of user-relevant early warning information.


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Jharkhand to set up country’s first Khadi mall: CM

Jharkhand Chief Minister Raghubar Das announced that the first ‘Khadi Mall’ of the country
will be opened soon in Ranchi. It will bring a changes in their lives and the government will
also provide markets to them, he added.

Maha govt announces ‘Kanya Van Samruddhi Yojana’

The Maharashtra government announced a new scheme called ‘Kanya Van Samruddhi
Yojana‘, wherein farmers families where girl children are born, will be given saplings for
plantation. The scheme is aimed at empowering women and promoting tree plantation.

A farmer family blessed with a girl child between April 1 and March 31 can make an
application with the gram panchayat after which they will get 10 saplings free of cost from
the forest department.

Asia’s first patent arbitration centre to open in Tokyo

Asia’s first arbitration centre specialised in intellectual property is slated to open in Tokyo,
Japan in September to resolve the growing number of disputes in the region.

The International Arbitration Centre in Tokyo (IACT) is set to have around a dozen
arbitrators from around the world, who would try to resolve disputes within a period of one

Nigeria Replaces India To Become World’s Largest Poor Population: Brookings Report

With the persistent decline in poverty, India is no longer a nation having the largest number
of poor people in the world, according to a study published by the US-based think tank,

The study, titled ‘The start of a new poverty narrative’ and published in the Brookings’ blog,
is authored by Homi Kharas, Kristofer Hamel and Martin Hofer. According to the study,
Nigeria has already overtaken India as the country with the largest number of extreme poor
in early 2018, and the Democratic Republic of the Congo could soon take over the number 2

18 % increase in direct tax collections after GST: Arun Jaitley

Union Minister Arun Jaitley said that after the implementation of the Goods and Service Tax
(GST), there was an increase of 18% in Direct tax collections.

Jaitley termed the GST as a monumental economic reform and said the need for its roll-out
was important as earlier indirect tax regime was complicated.

Australia beat India to retain Hockey Champions Trophy

Australian men’s hockey team defeated India 3-1 in the shootout after a 1-1 draw to clinch
the Rabobank Men’s Hockey Champions Trophy Breda 2018 held in Breda, Netherlands.

India’s PR Sreejesh was awarded the goalkeeper of the tournament.


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Indian football teams not to participate at 2018 Asian Games

Indian Football Teams faced a major setback as the Indian Olympic Association (IOA) has
decided against sending its senior teams to the Asian Games.
The IOA chose not to clear Indian men’s and women’s Football Teams since they have deemed
them “incompetent” to win any medals.

The decision comes as a massive setback to the All India Football Federation (AIFF), who
were hoping to use the Asian Games as one of the key tournaments in the build-up to next
year’s Asian Cup.

Former SBI MD Sriram takes charge of IDBI Bank

State Bank of India’s former Managing Director B. Sriram took charge as the MD and CEO
of financially troubled IDBI Bank. Sriram was recently appointed as the chief of financially
troubled IDBI Bank for a period of three months.

Gehlot elected IKF chief for next four years

India’s Janardan Singh Gehlot, an Indian sports administrator, has been elected as the
president of the International Kabaddi Federation (IKF) for the next four years.

Artist Anjolie Ela Menon conferred the Kalidas Award

Noted artist Anjolie Ela Menon, 78 received the National Kalidas Samman for visual arts
from the Madhya Pradesh government. The award was conferred in recognition of her
insightful and sensitive portrayal of the identity and spirit of women through her meaningful
paintings in a variety of media.

Artist A. Ramachandran was also conferred with the Kalidas Award.

Goods and Services Tax Day: 1 July

The government of India celebrated July 1, 2018, as ‘GST Day’ to mark the first anniversary
of the new indirect tax regime.

Goods and Services Tax (GST) was rolled out in the intervening night of June 30 and July 1,
last year, in a ceremony held in the Central Hall of Parliament.

The inter-state GST e-way bill system was introduced on 1 April 1 while the intrastate e-way
bill was rolled out in phases from 15 April. A transporter of goods worth over Rs 50,000 has
to generate an e-way bill and show it to a GST inspector, if asked.

2 July 2018 Current Affairs

Stainless steel charkha unveiled at Sabarmati riverfront
BJP president Amit Shah has unveiled a stainless steel Charkha at the Sabarmati riverfront
in Ahmedabad, Gujarat. The charkha, which is 21 feet in length, 11 feet in height,and 6.5


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feet in breadth, is made of chromium-nickel stainless steel and is installed on the Sabarmati
Riverfront near the Riverfront Park, right across the Sabarmati Ashram.

Instant e-PAN based on Aadhaar launched

The Income Tax Department has introduced an ‘instant’ Aadhaar-based PAN allotment
service for individuals seeking to file taxes for the first time. The facility is free of cost and
instant allotment of e-PAN is available only for a limited period on a first-come-first-serve
basis for valid Aadhaar holders. The facility is only for resident individuals and not for Hindu
Undivided Family, trusts, firms and companies.
The new PAN will have the same name, date of birth, gender, mobile number and address as
in the Aadhaar.

Government forms panel to upgrade norms for Computation Of Economic Data

The government has set up a 13-member committee to upgrade the norms for computation of
economic data at states and districts level in the backdrop of plans to revise the base year for
National Accounts or GDP calculation. The Committee for Sub-National Accounts will be
headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.
The Ministry of Statistics and Programme Implementation (MOSPI) will change the base
year to 2017-18 for the calculation of GDP and IIP numbers from the current 2011-12 with
an aim to capture changes in the economy

India is home to more than 19,500 mother tongues

More than 19,500 languages or dialects are spoken in India as mother tongues, according to
the latest analysis of a census released this week.
There are 121 languages which are spoken by 10,000 or more people in India, which has a
population of 121 crore, it said.
The Registrar General and Census Commissioner, India, said since a household may consist
of persons related by blood or of unrelated persons or a mix of both, it is absolutely necessary
to ask every person about her or his mother tongue.

Bhitarkanika National Park Becomes Largest Habitat Of Endangered Estuarine Crocodiles

The Bhitarkanika National Park (Odisha) has become the largest habitat of the endangered
estuarine crocodiles in the country with a record number of their nesting sites spotted in it.
Altogether 101 nesting sites of estuarine crocodiles were found this time by enumerators.
The nesting spots had registered 25% rise this year. At least 1698 crocodiles, including albino
species, were counted this year along the water-bodies of Mahanadi delta region, while the
figure recorded last year stood at 1682.

BSE, BME Tie-Up to develop Commodity Derivatives Markets

Premier stock exchange Bombay Stock Exchange (BSE) has entered into an agreement with
the Bombay Metal Exchange (BME) for the growth and systematic development of commodity
derivatives markets in the non-ferrous metals complex.
Through this MoU, the BSE and the BME will coordinate and work jointly on initiatives to
deepen the understanding of commodity market among stakeholders.

Rabies is India’s most fatal infection

According to data from National Health Profile 2018, Rabies is the only disease that had a
100% death rate in India in 2017.


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The vaccine-preventable viral disease spreads to people through bites or scratches of animals,
mostly infected dogs. There were 4,370 rabies deaths in India in 2016, which accounted for 1
in 3 of the world’s 13,340 rabies deaths.

China’s Mount Fanjingshan added to Unesco List

Mount Fanjingshan, situated in China’s southwestern province of Guizhou, was inscribed to
the World Heritage List at the 42nd World Heritage Committee meeting in Bahrain. A total
of five natural sites were nominated to the World Heritage List in 2018.

2018 Asian Ministerial Conference on Disaster Risk Reduction

India will be participating in the Asian Ministerial Conference on Disaster Risk Reduction
to be held in Ulaanbaatar, Mongolia from 03-06 July 2018.
The theme of the meet is ‘Preventing Disaster Risk: Protecting Sustainable Development’.
The disaster risk reduction is a key instrument to achieve the Sustainable Development
Goals, as highlighted in the 2030 Agenda for Sustainable Development.

NABARD sanctions over Rs 735 cr for Bengal for rural infra projects
NABARD has sanctioned Rs 735.53 crore in the first quarter of the current fiscal under the
Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution
of 86 projects.
They include six solar power, one medium irrigation, five minor irrigation and 12 flood
protection projects, besides 57 projects for the widening and strengthening of roads and five
rural bridges.

IRDAI gives nod to LIC to buy stake in IDBI Bank

Life Insurance Corporation of India is all set to become a knight in shining armour for the
ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and
Development Authority of India (IRDAI) has approved a proposal allowing the former to
acquire a majority stake in the bank.

FDI growth hits 5-year low in 2017-18

Foreign direct investment (FDI) in India seems to be petering out with the inflows growth
rate recording a five-year low of 3 per cent at USD 44.85 billion in 2017-18.
According to the latest data of the Department of Industrial Policy and Promotion (DIPP),
FDI in 2017-18 grew by only 3 per cent to USD 44.85 billion.

India clinch inaugural Kabaddi Masters title

India beat Iran 44-26 in the Kabaddi Masters final in Dubai to reassert their supremacy in
the sport. Led by skipper Ajay Thakur, who scored nine points, India were in top from the
first minute to the last.

Journalist Rajat Sharma elected DDCA president

The ‘Aap Ki Adalat’ anchor and senior journalist Rajat Sharma has been elected as the new
President of Delhi and District Cricket Association (DDCA). Sharma defeated former World
Cup winning Indian cricketer Madan Lal by 517 votes to win the elections.

Vishwas Patel appointed Chairman of Payments Council of India


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The Payments Council of India announced the appointment of Vishwas Patel as its new
Chairman. Patel is the Director of Infibeam Avenues and succeeds Naveen Surya, who has
been elevated to the post of Chairman Emeritus.

Vijay Srinivas appointed Director & GM of United India Insurance

Chennai-based United India Insurance Company announced the appointment of K B Vijay
Srinivas as its Director and General Manager.
Prior to taking up the new role, he was serving National Insurance Company Ltd as its Chief
Marketing Officer and General Manager.

3 July 2018 Current Affairs

Rajasthan started scheme to provide milk to 62 lakh school students
The Rajasthan government has launched a scheme to provide milk thrice a week to 62 lakh
students in government schools and madrassas. While students till Class 5 will get 150 ml,
students in Class 6-8 will get 200 ml. This scheme was launched by Rajasthan Chief Minister
Vasundhara Raje during the launch of Annapurna Dudh Yojana, in Jaipur.

Former MP and Marwar Rajmata, Krishna Kumari passed away aged 92

Rajmata of the Marwar principality and former MP, Krishna Kumari passed away aged 92
in Jodhpur. Born in a royal family in Gujarat, she had married Jodhpur's then-ruler
Hanwant Singh in 1943. About Marwar: The Jodhpur city was founded in 1459 by Rao Jodha,
a Rajput chief of the Rathore clan. Jodha succeeded in conquering the surrounding territory
and thus founded a state which came to be known as Marwar.

Bombay Stock Exchange to delist 222 companies from 4th July

Leading stock exchange BSE (Bombay Stock Exchange ) will delist as many as 222 companies
from July 4, 2018 as trading in their shares has remained suspended for over six months.
Earlier in May, the exchange had delisted over 200 companies. Six firms- Asian Electronics,
Birla Power Solutions, Classic Diamonds (India) Ltd, Innoventive Industries, Paramount
Printpackaging and SVOGL Oil Gas and Energy-that have been compulsorily delisted by the
NSE, would also be delisted from the BSE from July 4.

Vikram Dogra become the first Indian Army officer to complete world's toughest Ironman
Ironman Triathlon comprises three consecutive events: a 3.8-km swim, 180-km cycling and
42.2-km marathon, to be completed within 17 hours. Major General Vikram Dogra completed
the triathlon in 14 hours and 21 minutes to earn the 'Ironman' title. Ironman Austria was
held in the scenic town of Klagenfurt and over 3000 athletes participated in the event.

Successful launch of SES 12 satellite will help fast track Digital India
The successful launch of SES-12, new mega satellite recently, would help support India's
growing direct-to-home (DTH) TV market, as more and more consumers in rural India
embrace the medium. SES-12s high throughput capacity over South Asia and India will help
to fast-track Digital India, and financial inclusion initiatives.

CCI provides approval for merging of Bharti Infratel and Indus Towers


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Bharti Airtel-owned telecom tower company Bharti Infratel Limited got an approval from the
Competition Commission of India (CCI) to merge with Indus Towers Limited. As per the deal,
Bharti Infratel will offer 1,565 shares for every one share of Indus Towers. Indus Towers Ltd
is the largest tower company in India with around 27 per cent market share.

India to host 19th World Congress of Food Science and Technology

India will host the "International Union of Food Science and Technology (IUFoST) 2018" in
Navi Mumbai from October 23-27, 2018. The focal theme for this 19th edition of the
prestigious congress is 25 Billion Meals a Day by 2025 with Healthy, Nutritious, Safe and
Diverse Foods. IAS, Secretary to Govt. of India & CEO of FSSAI - Pawan Agarwal. Union
Minister of Food Processing Industries - Smt. Harsimrat Kaur Badal.

Numaligarh Refinery Ltd became 1st oil PSU to introduce online legal compliance
Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking
(PSU) to adopt an online legal compliance system by introducing 'Legatrix'. The cloud-based
compliance management system was inaugurated by NRL Managing Director S K Barua in
Guwahati. This will contribute towards the "Digital India Mission".

Himachal gets national award for best performance under PMSMA

For the performance under the Pradhan Mantri Surakshit Matritav Abhiyan (PMSMA) in
the country, Himachal Pradesh has been adjudged first among state. This award was
conferred by Union Health Minister Jagat Prakash Nadda. Himachal Pradesh government
had launched PMSMA in August, 2016, and established around 495 clinics in which ante-
natal check-ups were conducted by the doctors. Under PMSMA pregnant women are
supposed to get antenatal check up on 9th of every month by a doctor.

Max Verstappen won the Austrian Grand Prix

Verstappen (20-year-old Dutch driver) won Red Bull's home Austrian Grand Prix Formula
One to claim his first win of the season. Kimi Raikkonen was a close second, with teammate
Vettel third.

Lloyd's of London's first female CEO to leave in 2019

Inga Beale, First female CEO of Lloyd's of London, the 332-year-old insurance market, has
decided to quit in 2019. She was appointed chief executive in January 2014.

Canada imposes retaliatory tariffs on US imports worth 12 billion dollar

The tariffs were imposed on items including coffee, ketchup and whisky as well as steel and
aluminium products. This decision is taken after 25% and 10% respective tariffs on its steel
and aluminium imports imposed by the US.

Artist Anjolie Ela Menon and Ramachandran conferred the Kalidas Award
Madhya Pradesh government honoured noted artist Anjolie Ela Menon (aged 78) with the
National Kalidas Samman for visual arts. Artist A. Ramachandran was also conferred with
the Kalidas Award.

Delhi launches Happiness Curriculum for govt schools

Delhi CM Arvind Kejriwal and the Dalai Lama launched a 'Happiness Curriculum' for
students studying in Class Nursery to Class 8 in government schools. The curriculum will


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include a 45-minute ‘Happiness’ class, which will include meditation, value education, and
mental exercises.

Indian American Seema Nanda named CEO of Committee of United States

The Democratic National Committee (DNC), the decision-making body of the Democratic
Party in the US, has appointed Indian American Seema Nanda to serve as its new CEO.
Nanda is currently the Executive Vice President and Chief Operating Officer at The
Leadership Conference on Civil and Human Rights, the largest human and civil rights
organisation in the US. She replaces interim CEO Mary Beth Cahill, who took the helm of
the DNC in February.

Bhitarkanika National Park became largest habitat of Endangered Estuarine Crocodiles

Bhitarkanika National Park is located in Kendrapara district of Odisha in eastern India. 101
nesting sites of estuarine crocodiles were found this time by enumerators. Estuarine
crocodiles are also found in West Bengals Sundarban areas having the country's largest
mangrove cover.

Vijay Srinivas appointed Director and GM of United India Insurance

City-based United India Insurance Company announced the appointment of K B Vijay
Srinivas as its Director and General Manager with effect from July 1. Prior to taking up the
new role, he was serving National Insurance Company Ltd as its Chief Marketing Officer
and General Manager.

Instant ePAN based on Aadhaar launched

The Income Tax Department has launched an 'instant' Aadhaar-based PAN (Permanent
Account Number) allotment service for individuals, who requires the unique identification
number for the first time. The PAN obtained by this mechanism will have the same name,
gender, date of birth, and address present in the individual's Aadhaar. This facility is free of
cost and instant allotment of e-PAN is available only for a limited period on first-come-first-
serve basis for valid Aadhaar holders. PAN is a 10-digit alphanumeric number allotted by
the Income Tax department to a person, firm or entity.

4 July 2018 Current Affairs

RBI issued license to Bank of China to operate in India

The decision was based on the commitment made by Prime Minister Narendra Modi to the
Chinese President XiJinping, during the Shanghai Cooperation Organization (SCO) Summit
in Qingdao, China. Following this, the 106-year-old "Bank of China" will open a branch in
India. The Bank of China (BoC) opened its first branch in South Asia in Pakistan's Karachi
last year. Bank of China (BOC) headquarter:- Beijing.

Behdienkhlam Festival held in Meghalaya

The famous 4-day Meghalaya Annual Cultural Festival, "Behdienkhlam", held every year at
the small peripheral town of Jowai, Meghalaya. Union Minister of State for Development of
North Eastern Region (I/C), Dr. Jitendra Singh attended the Festival. The festival witnessed
a colourful display of 12 rots or ‘rath’ at the sacred pool, Aitnar.


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Epidiolex is the world's first medicine made from marijuana

The US Food and Drug Administration (FDA) approved the first medical drug made from
marijuana named "Epidiolex" which will be used to cure severe forms of epilepsies in children.
The drug will be used to cure two severe forms of epilepsy - Lennox-Gastaut syndrome and
Dravet syndrome. About Marijuana:- Cannabis, also known as marijuana, is a psychoactive
(mood-altering) drug from the Cannabis plant used for medical or recreational purpose. The
possible effects of marijuana include mood changes, suicidal thinking, and disruption to
normal learning abilities.

Tejas fighter aircraft begins operations from Sulur station, Kerala

Indian- Made Indigenous fighter aircraft Tejas of No 45 Squadron 'The Flying Daggers'
formally commenced operations from the Air Force Station at Sulur near Coimbatore under
Group Captain S Dhankhar. Tejas is the first advanced Fly-by-wire fighter aircraft designed,
developed and manufactured in India by Bengaluru headquartered HAL (Hindutan
Aeronautics Limited). It is equipped with a satellite-aided Inertial Navigation System. It can
fire Air to Air Missiles, carry bombs and Precision Guided ammunition.

Australia's Fleet Space to launch first 2 satellites with ISRO, SpaceX

Australian Internet of Things (IoT) startup Fleet Space Technologies has announced launch
plans for its first two nanosatellites, Centauri I and II, in the second half of 2018. 10-kg
nanosatellite Centauri I will be launched on Indian space agency ISRO’s Polar Satellite
Launch Vehicle (PSLV). Centauri II will be launched on SpaceX’s Falcon 9.

Australian captain Aaron Finch posts highest ever IT20 individual score

Aaron Finch the Australian captain hit 172 runs, the highest T20I scores, against Zimbabwe
in the ongoing tri-series. He broke his own record of 156 runs. Finch and D’Arcy Short shared
a 223-run opening stand and created the record for the highest opening partnership in the
shortest format of the international-level game. The previous record was held by Martin
Guptill and Kane Williamson, 171 runs, between New Zealand and Pakistan in 2016.

Indian government declares tariffs cut on Asian imports under APTA

The government has implemented the tariff concessions agreed to under the Asia Pacific
Trade Agreement (APTA) by cutting duties on the import of 3,142 items from the signatories
to the accord, including China. On January 13, 2017, the 4th round of trade negotiations
under the agreement was conducted. The results of the fourth round of negotiations under
APTA have been implemented with effect from 1st July 2018 among six countries namely,
Bangladesh, China, India, Lao PDR, Republic of Korea and Sri Lanka.

GMCAC opens a terminal at Cebu airport, Philippines

GMR-Megawide Cebu Airport Corporation (GMCAC) opened a new Terminal T2 at Mactan

Cebu International Airport (MCIA) in the Philippines. GMCAC is a joint venture between
GMR Infrastructure and Megawide Construction Corporation. GMR Infrastructure holds
40% stake in GMCAC and the remaining 60% is held by Megawide Construction Corporation.
The international operations of the airport have been moved to the newly opened T2 Terminal


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of MCIA. The new terminal has increased the capacity of passengers from 4.5 million
passengers to 12.5 million passengers.

Allahabad Bank, Punjab National Bank raised lending rate by up to 10 basis points
Kolkata-headquartered Allahabad Bank and Delhi-headquartered PNB (Punjab National
Bank) raised their marginal cost of funds-based lending rate (MCLR) by up to 10 basis points,
with effect from July 1, 2018. One basis point equals one-hundredth of a percentage point. ♦
For loan of a six-month tenor, the borrowing rate will be costlier by 0.10 per cent to 8.40 per
cent. ♦ For one year loan term, the new rates are up by 0.05 per cent to 8.45 per cent, ♦ For
three year loan term, the rate is 8.60 per cent, ♦ For five year loan term, the rate is 8.75 per

IndiaFirst Life Insurance Company Limited has announced its tie-up with Oxigen

IndiaFirst Life Insurance Company Limited has announced its tie-up with Oxigen Services
India Pvt. Ltd. The aim is to establish the distribution of its insurance products at Oxigen
retail outlets and to popularize insurance with long-term savings for the micro-segment.
Oxigen is one of the leading providers of money transfers and prepaid recharges as low as Rs.
10. Indiafirst Life Insurance Company limited ties up with Oxigen.

P K Shrivastava is appointed as the new DG of OFB

P K Shrivastava was appointed as the new Director-General and Chairman of the Ordnance
Factory Board (OFB). Earlier he was the additional DG of ordnance factories and member
at OFB. He was also in-charge of OFB's Armoured Vehicles headquarters at Avadi in
Chennai. Shrivastava joined Indian Ordnance Factories' Service in 1982.

China approves 1 billion dollar aid to Pakistan

After Pakistan has been placed in 'grey list' by Financial Action Task Force (FATF), China
approved USD 1 billion loan to Pakistan. The idea behind putting Pakistan in the FATF grey
list is to deplete its economy and eventually pull the plug on terror groups. About FATF: ♦
Financial Action Task Force (FATF) is an intergovernmental organization founded in 1989
on the initiative of the G7 to develop policies to combat money laundering and terrorism
financing. ♦ Headquarters: Paris, France ♦ President: Roger Wilkins

Chhattisgarh govt to set up a tribal museum in Naya Raipur

Inorder to exhibit culture and tradition of scheduled tribes, the tribal museum will be built
at the cost of Rs 27 crore in an area of around 22 acres in Naya Raipur. This museum will be
named after Shaheed Veer Narayan Singh, a freedom fighter from the Chhattisgarh who had
made a tremendous contribution in the freedom struggle of 1857. "Tribal Culture and
Language Academy" will also be set up in the state. Chhattisgarh: ♦ Chief Minister: Raman
Singh ♦ Governor: Balram Das Tondon. ♦ Capital: Raipur.

Conference of States Power Ministers held at Shimla, Himachal Pradesh

The Conference was inaugurated by the Union Minister of State (IC) for Power and New &
Renewable Energy, R K Singh. Key points of this Conference :- To meet and discuss: 1) issues


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including 100 per cent household electrification (under Saubhagya scheme) by December,
2018. 2) UDAY performance assessment, 3) Shifting to prepaid system in three years and 4)
24x7 power for all from April 1, 2019.

Defence ministry approves 17 'baffle' shooting ranges for Indian Army

At a cost of Rs 238 crore, defence ministry has approved the construction of 17 new "baffle"
firing ranges to prevent accidents due to stray bullets, for the Army. The proposed baffle
shooting ranges can facilitate firing from 300 to 500 meters. There are 60 similar firing
ranges existing across India.

Govt forms panel to upgrade norms for GDP, Economic data collection

The government has set up a 13-member committee to upgrade the norms for computation of
economic data at states and districts level in the backdrop of plans to revise the base year for
National Accounts or GDP (Gross Domestic Product) calculation. This Committee will be
headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad. The panel will also
review the concepts, definitions, classifications, data conventions, data sources and data
requirements for preparation of State Domestic Product (SDP) and District Domestic Product
(DDP). What is GDP? Gross domestic product (GDP) is total value of all final goods and
services produced by all the people and companies in the country. It doesn't matter if they
are citizens or foreign-owned companies. If they are located within the country's boundaries,
the government counts their production as GDP.

Sri Lanka moves its naval base to China run Hambantota port

Sri Lanka is shifting a naval base currently situated in the tourist district of Galle to the
Hambantota port which is built and controlled by China. Sri Lanka formally handed over the
port to China in December, 2017. Sri Lanka Prime Minister:- Ranil Wickremesinghe

IIFL is India's No. 1 investment bank for Fiscal Year 2017 to 2018
As per Prime Database Investment Bankers League table for FY 2017-18, IIFL is India's top
investment bank for equity issuances by private sector companies. IIFL is a publicly listed
company and is engaged in Investment Banking, Securities dealing, Wealth & Asset
Management and Loans & Mortgages. About IIFL:- IIFL Holdings Ltd, formerly India
Infoline Limited, is an Indian diversified financial services company. Headquarter:- Mumbai
Founded: 1995 Founders: Nirmal Jain, Rajamani Venkataraman

Bengaluru to get India's first government run eWaste recycling plant

Union minister of chemicals and fertilisers Ananth Kumar announced that India's first e-
waste recycling unit will come up in Bengaluru. Bengaluru is also the third in terms of e-
waste generation in the country. The e-waste recycling unit will be set up by the Central
Institute of Plastics Engineering and Technology (CIPET).

5 July 2018 Current Affairs

Bolivia to build museum under Sacred lake, Titicaca


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Bolivia plans to build an underwater museum in its sacred Lake Titicaca. It is because
thousands of priceless artifacts discovered at the bottom of the lake. Titicaca spans an area
of 8,500 square kilometers and straddles the border between Bolivia and Peru. At more than
3,800 meters altitude, it is the world's highest body of freshwater that is navigable by large
vessels. The museum will cost $10 million to build, in partnership with Belgian development
agency Enabel. Belgium and UNESCO would contribute $2 million to the project. The
museum will be situated close to the town of San Pedro de Tiquina, around 100 kilometers
from the capital La Paz.

Gaming University will be set up in Andhra Pradesh, by UNESCO

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) entered
into an agreement with the Andhra Pradesh government to set up a 'Design University for
Gaming' in Visakhapatnam. For this, UNESCO has asked Andhra Pradesh’s chief minister,
N Chandrababu Naidu to allocate a land area of around 100 acres. The hub will create around
50,000 jobs in 10 years.

US celebrated its 242nd Independence Day on 4th July

On July 4, 2018, the United States of America celebrated its 242nd Independence Day, the
day marking its independence from Great Britain after the American Revolutionary War.
The Philippines also celebrates July 4 as its Republic Day to commemorate that day in 1946
when it ceased to be a U.S. territory and the United States officially recognized Philippine

India's first taxi ambulance services launched in Delhi

Union Minister Nitin Gadkari flagged off taxi ambulance services, offered by a Gurugram-
based startup Wagon Cab. The drivers will approach accident victims as soon as they are
notified and will get an additional ₹500 for every victim that they tend to. CEO & Co-founder
of Wagon Cab:- Uttam Bose

NITI Aayog to conduct India's first 'Global Mobility Summit' in September

NITI Aayog is organising "MOVE: Global Mobility Summit" in New Delhi on 7th and 8th
September, 2018. This summit will be inaugurated by PM Narendra Modi. The six tracks or
themes for the Summit will focus on: (i) Asset Utilization and Services; (ii) Comprehensive
Electrification ; (iii) Alternative Energy; (iv) Reinventing Public Transit; (v) Logistics and
Goods Transport; (vi) Data Analytics and Mobility. ♦ Full form of NITI- National Institution
for Transforming India

Sunscreens harming corals banned in Hawaii

The state lawmakers of Hawaii has passed a bill to put an end to the sale of sunscreen
containing two chemicals believed to harm coral reefs. Scientists have found that chemical
substances oxybenzone and octinoxate that are contained in sunscreen can be toxic to coral
reefs. A 2015 paper said, between 6,000 and 14,000 tons of sunscreen are released onto coral
reefs every year. This ban on sunscreen makes Hawaii the first U.S. state to enact a ban on
oxybenzone and octinoxate. As per the bill, the sunscreen containing oxybenzone and
octinoxate will only be available to those with a prescription from a physician. Others will
have to buy sunscreens without these chemicals or bring their own sunscreen with them to
Khadi and Village Industries Commission launched eMarketing System


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Single-umbrella e-marketing system named "Khadi Institution Management and
Information System (KIMIS)" was launched in New Delhi. This is a billing software for sale
and purchase, from any part of India. 480 Khadi institutions and showrooms are linked with
this billing software and it will be useful in raising demand and supply of goods in high

Cabinet approved HEFA to allot Rs.1 lakh crore for research and infrastructure in colleges
The Union cabinet approved the Higher Education Funding Agency (HEFA) to allot Rs.1 lakh
crore for research and infrastructure in the educational institutions by 2022. HEFA was set
up in 2017. It is a non-banking financing company for mobilizing extra-budgetary resources.
The fund will help Kendriya Vidyalayas, Jawahar Vidyalayas and other central institutions
to build speedier infrastructure.

Union Cabinet cleared DNA profiling Bill

The Union Cabinet has cleared 'The DNA Technology (Use and Application) Regulation Bill,
2018’. This will allow the law enforcement agencies to collect DNA samples, create DNA
profiles and special databanks for forensic-criminal investigations. The databanks can only
store information related to criminal investigations and the DNA details of suspects will be
deleted. The aim of that bill is to set in place an institutional mechanism to collect and deploy
DNA technologies to identify persons based on samples collected from crime scenes or for
identifying missing persons.

Growing India Denmark relationship

Taksoe-Jensen, the Danish ambassador said that it is the role of honorary consulates of
Denmark in India to build the relationship between the two countries. Vijay Sankar, Deputy
Chairman of Sanmar is appointed as the Honorary Consul of the Royal Danish consulate in
Chennai. The Danish embassy and the Danish National Archives department is hoping to
digitize almost 70 meters of Danish archival records that are in Tamil Nadu with funding
from private enterprises in Denmark.

Hyundai Glovis will sign MoU with NGO Asha on 6th July
Hyundai Glovis will sign a MoU with an NGO Asha for education on July 6th to help 60
government schools in Tiruvallur district for a term of next 4 years. Glovis will also provide
Rs.4 crore as a part of the agreement. Asha for Education has been working with the
Tiruvallur government school since 2004. CEO of Hyundai Glovis: Kyung Bae Kim
Headquarters: Seoul, South Korea

Maharashtra to give Govt Employees paid leave to look after children

Maharashtra government has decided to provide 180 days' paid leave to women government
employees to look after their children during the course of service. Male government
employee can get the same 180 days' paid leave, if his wife has passed away and if he has
children who are under 18. Employees will be able to demand this leave thrice a year.

Miss Spain Angela Ponce 1st transgender model at Miss Universe

Angela Ponce has become the first-ever transgender woman to be crowned Miss Universe
Spain. She will also compete in the Miss Universe 2018 pageant in Philippines in December
2018. Transgender contestants were first allowed to compete in Miss Universe in 2012.

Trump appoints Indian American as head of US Drug Enforcement Agency

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Uttam Dhillon, an Indian-American lawyer has been appointed as the Acting Director of the
US Drug Enforcement Administration (DEA) that combats the smuggling and use of
narcotics in the US. Dhillon last served as the Deputy Counsel and Deputy Assistant to
President Donald Trump. Dhillon, who holds a law degree from the University of California,
became the first Director of the Office of Counternarcotics Enforcement in 2006.

Punjab CM orders mandatory dope test for all government employees

Punjab Chief Minister Amarinder Singh ordered all government employees, including police
officers, to undergo a mandatory dope test. The test will be conducted from the time of
recruitment through every stage of their service. About Punjab:- ♦ Punjab is the only state
in India with a majority of Sikh people. ♦ Punjab literally means "The Land of Five Rivers" :
the Jhelum, Chenab, Ravi, Sutlej, and Beas. ♦ Capital:- Chandigarh ♦ Governor:- VP Singh
Badnore ♦ State Dance:- Bhangra, Giddha ♦ State Animal:- Blackbuck ♦ State Bird:- Baaz

Russia will build two nuclear power units in China

Russia's state nuclear power corporation Rosatom and China's National Energy
Administration signed a deal to build the two 1,200-megawatt units at the Tianwan nuclear
power plant. These two nuclear power plants are expected to be operational by 2026 and 2027
respectively. Russia has built 35 nuclear power units around the world under
intergovernmental agreements. Russia and China are also working together on One Belt,
One Road initiative. Trade between Moscow and Beijing has grown 31 percent this year and
is projected to reach the $100 billion target.

Google aims to add 40 million WiFi users in India by 2019

Google's public WiFi project aims to capture 40 million new users in India by 2019. According
to Google and research firm Analysys Mason's study, this move will result in around $20
billion rise in India's GDP. Google has currently partnered with RailTel and Indian Railways
to offer public Wi-Fi in railway stations, covering 400 stations with about 7.6 million monthly
active Wi-Fi users.

Air India removes 'Taiwan' from its website due to China's pressure
Air India has changed its reference to Taiwan on its website to 'Chinese Taipei' after pressure
from China, which does not recognize Taiwan as a separate country. Global airlines including
British Airways, Lufthansa and Qantas now refer to Taiwan as a part of China on their
websites. Air India was given an extension till July 25 to make the necessary changes. About
Taiwan:- Taiwan, officially the Republic of China (ROC), is a state in East Asia. Its neighbors
include the People's Republic of China (PRC) to the west, Japan to the northeast, and the
Philippines to the south. Capital - Taipei. Taiwan was returned to Nationalist Chinese
control in 1945 following Japan’s defeat in World War II.

Central Government approves hike in Support Price of Kharif Crops

The government hiked the minimum support price (MSP) for paddy by a record Rs 200 per
quintal (per 100 kg) that will cost the exchequer over Rs 15,000 crore. This hike will give
farmers 50 percent more rate than their cost of production. This decision was taken by the
Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.

Koala bear genome decoded for first time

The koalas of Australia remained an unsolved mystery among the scientists for their strange
eating habits as they enjoy the leaves of eucalyptus that would be toxic or even fatal to most
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mammals. Now an international team of 54 scientists has successfully sequenced the
marsupial’s whole genome. The whole genome was found to consist of over 26,000 genes.
Researchers found expansions within a particular gene family (P450 gene) and reported that
these genes help the koala detoxify the eucalyptus leaves. Researchers also reported that the
lactation proteins protect the young ones in the pouch and help it develop a strong immune

Indian origin scientist gets 1.5 million pounds funding for project
Professor Ravinder Dahiya, an Indian-origin scientist, who is working on a project to create
a robotic hand covered in so-called brainy skin that mimics the human sense of touch has
won 1.5 million pounds in funding for the project. The ‘Brainy Skin’ that is super-flexible and
hypersensitive skin may one day be used to make more responsive prosthetics for amputees
or to build robots with a sense of touch. This electronic thinking skin is made from silicon-
based printed neural transistors and graphene.

Nicholas Sloane suggests to tow-an-iceberg to Cape Town for fresh water supply
Nicholas Sloane, an expert in Marine salvage, suggested to tow an iceberg from Antarctica
to Cape Town to supply fresh water to a city in the grip of drought. Earlier this year, Cape
Town came within weeks of shutting off all its taps and forcing residents to queue for water
rations at public standpipes. As a solution to the crisis, Mr. Sloane said that the iceberg
should be wrapped in a textile insulation skirt to stop from melting and using a supertanker
and two tugboats to drag it 2,000 km towards Cape Town using prevailing ocean currents.
The melted water could be gathered each day using collection channels and a milling machine
to create ice slurry producing 150 million liters of usable water every day for a year.

Sports Authority of India to be renamed 'Sports India'

Sports Minister Rajyavardhan Singh Rathore confirmed that name of "Sports Authority of
India" (SAI) will be changed as 'Sports India'. Daily expenses on food and nutrition of the
athletes will be increased. About Sports Authority of India:- The Sports Authority of India
(SAI) (Hindi: भारतीय खेल प्राधिकरण) is an apex National Sports body, established in 1984.
Headquarters - Jawaharlal Nehru Stadium, Delhi. Two "SAI Sports Academic" institutions
in India are:- Netaji Subhas National Institute of Sports (at Patiala in Punjab) and
Lakshmibai National College of Physical Education (at Thiruvananthapuram in Kerala),
conducting research and running certificate to PhD level courses in physical education and
sports medicine.

Sunil Mehta led panel suggested 5 pronged strategy to tackle NPA

Finance Minister Piyush Goyal said that the government would follow the Sunil Mehta
Committee’s 5 pronged strategies towards resolution of stressed assets, 'SASHAKT' to tackle
the crisis in Indian banks. The five-pronged strategy includes SME resolution approach,
Bank-led resolution approach, AMC/AIF led resolution approach, NCLT/IBC approach, and
Asset-trading platform. The aim of the committee is to look into the faster resolution of
stressed assets and recommend the creation of an asset management company for the
resolution of stressed loans worth more than Rs.500 crore.

World's first digital art museum opened in Japan

The world's first all-digital art museum has opened at the MORI Building Digital Art
Museum in Japan's Tokyo. It features around 50 kaleidoscopic installations triggered by


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motion sensors, which are projected across every surface of the 100,000-square-foot exhibit
space with the help of lights. The museum appears to be a set of halls with black walls
without the lights.

6 July 2018 Current Affairs

NSG becomes 1st central force to opt for eticketing
The Indian Railway Catering and Tourism Corporation (IRCTC) signed a MoU with the
National Security Guard (NSG) at the headquarters of the special force, New Delhi. This
system will eliminate the need for carrying railway warrants by the NSG personnel. The
NSG is the first central paramilitary force to opt for e-ticketing instead of the railway warrant
under an agreement signed with the IRCTC. The IRCTC is also developing an e-ticketing-
cum-warrant management system for the Central Reserve Police Force.

Nasscom opened a CoE for Data Science and AI

National Association of Software and Services Companies (Nasscom) opened a Centre of
Excellence for Data Science and Artificial Intelligence and signed a MoU with NITI Aayog to
collaboratively foster applied research, accelerating adoption and ethics, privacy and
security. The aim is to strengthen the country’s Artificial Intelligence (AI) ecosystem.
Nasscom will also include NITI Aayog as a knowledge partner. Both the CoE and MoU aims
to serve as a platform for intelligence-sharing and technology collaboration between
stakeholders to build collective capabilities for the industry and country in the cutting-edge
areas AI. Chairperson of Nasscom: Rishad Premji Vice Chairman of Nasscom: Keshav R.
Murugesh Headquarters: Noida, Delhi

CEAT signs MoU for greenfield plan

Tyre major CEAT, the flagship company of the RPG Group, signed a MoU with the Tamil
Nadu State government to invest Rs.4,000 crore in a greenfield plant in Sriperumbudur near
Chennai to boost the State’s tyre manufacturing capacity. This plant would boost its
capabilities in the motorcycle and car tyre segments. The company would start with car radial
tyres, with an initial capacity of around 250 tonnes per day. CEAT has acquired 163 acres of
land by itself for the project. The financial incentives for the project have been the approved
by the State Cabinet.

Test-tube embryos may save the northern white rhinos from extinction
Scientists have grown hybrid embryos from the sperm of near-extinct northern white
rhinoceroses in the laboratory, hoping to save the species. The northern white rhino is the
world's most endangered mammal. The last male northern white rhino, Sudan is dead and 2
infertile females live in Kenya's Ol Pejeta Conservancy. Scientists did manage to collect
around 300 milliliters of semen from the last four bull rhinos. They hope to reestablish the
species population by In Vitro Fertilization (IVF) technique. It is also hoped that this method
will lead to a northern white rhino calf being born in 3 years.

Turkey to sell four corvette warships to Pakistan

Turkey signed a Memorandum of Understanding (MoU) to build four corvettes for Pakistan
under the MiLGEM project in May 2017. Two of the corvettes will be built in Istanbul while


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the other two in Pakistan's Karachi. Two corvettes will join the Pakistan Navy in 2023 and
the remaining two in 2024.

Uttarakhand High Court declared animals to be 'legal persons'

A division bench of Justices Rajiv Sharma and Lokpal Singh bestowed the unique status on
the animal kingdom while issuing a series of directions to prevent cruelty against animals.
The Uttarakahnd High Court in the past had given a similar right to river Ganga when it
ordered that the river is a human entity and will enjoy all corresponding rights.

Rajasthan government approved 1 percent reservation for 5 communities, including Gujjars

This comes ahead of Prime Minister Narendra Modi’s rally in Jaipur on July 7. The five
communities who benefit from this order of the Rajasthan government are – Godia Lohar,
Banjara, Gujjar, Raika and Gadaria. Two separate orders have been issued by the state
government – one for admission to educational institutions, and the other for government

Gujarat CM launched 'Poshan Abhiyan' to eradicate malnutrition

Gujarat Chief Minister Vijay Rupani launched 'Poshan Abhiyan' - a statewide mission to
eradicate malnutrition among children by providing them nutritious food through
Anganwadi centres. He also launched 'Purna' project to eliminate malnutrition among girls
in the age group of 14 to 18, at an allocated cost of Rs 270 crore. ♦ Full form of PURNA -
Prevention of Under Nutrition and Reduction of Nutritional Anaemia among Adolescent
Girls. ♦ Nationwide Poshan Mission was launched by Prime Minister Narendra Modi from
Rajasthan on March 8 this year.

Tata Power to Connect Two 50 MW Solar Power Projects at Andhra Pradesh

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has announced the
successful commissioning of two solar projects of 50 MW each in Ananthapuramu Solar Park,
located in the state of Andhra Pradesh. These projects are under a 25 year power purchase
agreement (PPA) signed with Solar Energy Corporation of India (SECI). These two grid
connected solar power projects have been developed under the Jawaharlal Nehru National
Solar Mission (JNNSM) Phase II, Batch-III.

Cabinet approved Umbrella schemes for relief and rehabilitation of Migrants and repatriates
to continue up to 2020
The Union Cabinet approved the Umbrella scheme Relief and Rehabilitation of Migrants and
Repatriates of Ministry of Home Affairs to continue the 8 existing schemes up to March 2020.
This schemes will provide relief and rehabilitation assistance to refugees, displaced persons,
civilian victims of terrorist, communal, Left Wing Extremism (LWE) violence and cross-
border firing and mine and IED blasts on Indian territory and riot victims of various incidents
etc. The 8 Schemes are: ♦ Central Assistance for one-time settlement of displaced families
from Pak Occupied Jammu and Kashmir (PoJK) and Chhamb settled in J&K. ♦
Rehabilitation Package and up-gradation of infrastructure of Bangladeshi Enclaves and
Cooch Behar District after transfer of enclaves between India and Bangladesh under Land
Boundary Agreement (LBA). ♦ Relief assistance to Sri Lankan refugees staying in camps in
Tamil Nadu and Odisha. ♦ Grant-in-Aid to Central Tibetan Relief Committee (CTRC) for 5
years for administrative and social welfare expenses of Tibetan settlements. ♦ Grant-in-Aid
to Tripura Government for maintenance of Brus lodged in relief camps of Tripura. ♦
Rehabilitation of Bru and Reang families from Tripura to Mizoram. ♦ Grant of enhanced
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relief of Rs. 5.00 lakh per deceased person, who died during the 1984 Anti-Sikh Riots. ♦
Central Scheme for Assistance to Civilian Victims, Family of Victims of Terrorist, Communal,
LWE Violence and Cross-Border Firing and Mine and IED blasts on Indian Territory.

Piyush Goyal launched the 'Khan Prahari' App and Surveillance system for unauthorised
coal mining
Union Minister of Coal, Piyush Goyal launched the Coal Mine Surveillance & Management
System (CMSMS) and Mobile Application ‘Khan Prahari’, which has been developed by
CMPDI, Ranchi, a Subsidiary of Coal India Limited (CIL) and Bhaskarcharya Institute of
Space Application and Geo-informatics (BISAG). It aims to report, monitor and take suitable
action on unauthorised coal mining activities. For each complaint, the alert will go to the
Coal India Offices, State Government Officers, District Magistrate and SP of the district.

Cabinet approved renaming Agartala airport

The Union Cabinet approved the proposal of renaming Agartala Airport in Tripura as
Maharaja Bir Bikram Manikya Kishore Airport, Agartala. The decision comes in the demand
of both the people of Tripura as well as Government of Tripura for paying tribute to Maharaja
Bir Bikram Manikya Kishore. Agartala Airport was constructed in 1942 on the land donated
by Maharaja Bir Bikram Manikya Kishore. Due to his initiative, an aerodrome at Agartala
was constructed and it has now evolved into the second busiest airport in North East
providing crucial air connectivity to Tripura.

Four critically endangered species has been added in recovery programme by NWBL
National Board for Wildlife (NBWL) has recently added four critically endangered species.
The species are Northern River Terrapin, Clouded Leopard, Arabian Sea Humpback Whale
and Red Panda. They were added into the center’s recovery Programme on the
recommendation by Wildlife Division of Ministry of Environment and Forests and Climate
Change (MoEFCC). The programme is one of the three components of the centrally funded
scheme, Integrated Development of Wildlife Habitats (IDWH). It was started in 2008-09. So
far, 17 species were identified under this recovery programme.

Bhutan Prime Minister, Dasho Tshering Tobgay arrived on 3 day visit to India
His visit will further boost defence, security and strategic cooperation between India and
Bhutan. This year, both India and Bhutan are commemorating the golden jubilee of the
establishment of formal diplomatic relations. About Bhutan:- Capital - Thimphu Religion -
Buddhism, Hinduism Official language - Dzongkha Currency – Ngultrum

Infosys ink pact with Siemens to develop advanced IoT solutions

Infosys signed a new partnership with Siemens PLM Software to develop applications and
services for MindSphere, the open cloud-based IoT operating system from Siemens. This
partnership will help the customers to improve competitiveness by leveraging the power of
data generated by their devices. The initial focus will be on customers in the manufacturing,
energy, utilities, healthcare, pharmaceutical, transportation, and logistics industries

Madhya Pradesh government launches subsidised power scheme named Sambal

Under Sambal Yojana, the Below Poverty Line (BPL) families would be provided electricity
at a cost of Rs 200 per month. The scheme is expected to benefit 88 lakh families in the state.
♦ Objective:- To make sure that all the households in Madhya Pradesh have power facility.
♦ Who are eligible for the Sambal scheme? People who are not using air-conditioners, electric
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heaters and whose power consumption is below 1000 watts would be eligible for this scheme.
♦ Madhya Pradesh CM - Shivraj Singh Chouhan, ♦ Governor- Anandiben Patel.

Vishwas Patel appointed as new Chairman of Payments Council of India

Vishwas Patel, Director, Infibeam Avenues Limited, has been appointed as new Chairman of
Payments Council of India (PCI), the apex body representing the companies in the payments
and settlement system. PCI has also announced the appointment of Loney Antony, Managing
Director, Hitachi Payment Services as its new Co-Chairman.

A village in Jammu and Kashmir gets electricity first time since Independence
Narla Bambal, a village in Jammu and Kashmir's Rajouri district, received electricity
connection and metalled road for the first time since Independence. Road for that village was
constructed under Pradhan Mantri Gram Sadak Yojna. The electricity is provided to the
people of the village under Deen Dayal Upadhyay scheme. Last month, the Central and State
government also constructed 'pucca houses' in Rajouri, for those living below poverty line,
under Pradhan Mantri Awas Yojana.

ISROs first 'pad abort' test conducted successfully

The PAT (Pad Abort Test) was conducted at the Satish Dhawan Space Centre, Sriharikota.
It marks the first step to qualify India’s indigenous Crew Escape System technology for
launching astronauts into space. The Crew Escape System is an emergency accident
avoidance measure designed to quickly get astronauts and their spacecraft away from the
launch vehicle if a malfunction occurs during the initial stage of the launch. A prior critical
experiment was carried out on December 18, 2014, when the CARE (Crew Module
Atmospheric Re-entry Experiment) capsule successfully demonstrated that it could survive
atmospheric re-entry.

Reliance Jio to exchange old feature phones for new at 501 rupees
At the 41st Annual General Meeting of Mukesh Ambani-led Reliance Industries, it has been
announced that customers can now exchange their existing feature phones for a new
JioPhone by paying ₹501. This exchange offer, called 'Monsoon Hungama', will start from
July 21, 2018. The company also launched JioPhone 2, the successor to JioPhone and will be
available at an introductory price of Rs 2,999, starting August 15. The company also
announced JioGigaFiber - a fixed line broad and GigaRouter. JioPhone offers 512MB of RAM
and 4GB internal storage, which is expandable up to 128GB via a microSD card slot.

Election Commission of India launched Mobile App cVIGIL

The Chief Election Commissioner Shri. O.P. Rawat, along with the Election Commissioners
Shri Sunil Arora and Shri Ashok Lavasa launched a mobile app, called ‘Cvigil,’ which stands
for “citizens’ vigil”, for citizens to report any violation during elections. The app will be
operational only where elections are announced. The app was test on a pilot basis in
Bengaluru. The service is now being extended Madhya Pradesh, Rajasthan, Chhattisgarh
and Mizoram for the upcoming assembly polls.


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7 July 2018 Current Affairs

Mike Pompeo arrived in North Korea to meet Kim Jong-un

U.S. Secretary of State Mike Pompeo arrived in Pyongyang, North Korea to press Kim Jong-
un for a more detailed commitment to denuclearisation following the North Korean leader’s
historic summit with the U.S. President Donald Trump at Singapore. Mr. Kim agreed to the
complete denuclearization of the Korean Peninsula, a stock phrase favored by Pyongyang
that stops short of long-standing U.S. demands for North Korea to give up its atomic arsenal
in a “verifiable” and “irreversible” way.

Oil falls as Trump urges OPEC to reduce prices

Oil prices fell after the U.S. President Donald Trump demanded the Organization of
Petroleum Exporting Countries (OPEC) to reduce prices for crude and accused it of driving
up fuel prices. Brent crude futures were at $77.78 per barrel at 0137 GMT, down 46 cents, or
0.6 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were
down 16 cents, or 0.2 percent, at $73.98 per barrel. OPEC together with a group of non-OPEC
producers led by Russia started to withhold output in 2017 to prop up prices.

Studies found alternate cereals can save water

According to the analysis of U.S. based Earth Institute, Columbia University and Indian
School of Business, if alternative cereals such as maize, sorghum, and millet are used instead
of rice and wheat, the demand for irrigation water can be reduced by 33%. It could also
improve nutrient availability to consumers. India is mandated to provide 5 kg of foodgrains
per person per month at subsidized prices of Rs.3/2/1 per kg for rice/wheat/coarse grains. The
researchers said that this alternative cereal production can help distribute nutrient
production across the country and reduce the impact of a single local climate shock to national
grain production.

Blind Cheetah 3 robot designed by MIT can navigate obstacles climb stairs
Researchers from MIT have designed a four-legged robot called Cheetah 3 that can run, jump
onto desks, and climb obstacle-laden stairs without visual sensors. The 40kg robot has been
developed with two new algorithms to provide the robot with 'blind locomotion' capabilities.
Using those, the robot adjusts its movements and determines how much force to use to
perform actions like stepping forward and pulling back and deals with unexpected forces like
a kick. The robot can also recover from adverse conditions like being shoved or yanked by
relying on "feel" instead of cameras. It will be presented at the International Conference on
Intelligent Robots, Spain in October.

MoEFCC declared the area around Mudumalai as an ESZ

The Union Ministry of Environment, Forests and Climate Change (MoEFCC) declared 438 of the area around the Mudumalai Tiger Reserve in the Nilgiris as an eco-sensitive
zone (ESZ). This is to prohibit construction and commercial mining activities and restrict
hotels and resorts near the reserve. The reserve, comprising the wildlife sanctuary and the
national park, extending over an area of 321, was declared a tiger habitat in 2007.


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Besides the tiger habitat, 367 sq. km. is the buffer area for a total of 688 sq. km. reserve area.
The reserve is a critical part of the Nilgiris Biosphere Reserve spread over 5,500 sq. km.

Global Bank listed 25 countries as High risk jurisdictions

Global banks acting as custodians for foreign funds which comprise the largest group of
investors in the Indian stock market have tagged 25 countries including China, UAE, Cyprus
and Mauritius as 'high-risk jurisdictions'. Large investors and beneficial owners of these
funds entering India through these high-risk jurisdictions will face close scrutiny while non-
resident Indians and persons of Indian origin will run into new hurdles in participating in
funds set up in these countries for trading on Indian exchanges. SEBI registered foreign
portfolio funds invest in India through 56 countries. Of these, 25 are now considered ‘high

India to develop 'World's emptiest airport' in Sri Lanka

India would operate Sri Lanka’s loss-making Mattala Rajapaksa International Airport in
Hambantota, called the 'world's emptiest airport' due to a lack of flights. This comes in the
backdrop of China developing the Hambantota seaport project in Sri Lanka. The airport,
which was named after former president Mahinda Rajapaksa, was built with the capacity to
handle one million passengers a year, was officially opened in March 2013.

Uttar Pradesh orders plastic ban from July 15, third time since 2015
During a programme in Barabanki district, Uttar Pradesh Chief Minister Yogi Adityanath
announced ban on plastic bags, cups and glasses across the state from July 15 onwards.
Maharashtra had banned the use of plastic from June 23. The latest announcemnt came as
Prime Minister Narendra Modi is pushing a plan to completely end the use of single-use
plastic in India by 2022.

West Bengal chief minister cuts luxury travel for ministers, announces 'one person, one car'
In an attempt to reduce travel expenses of ministers and bureaucrats, West Bengal chief
minister Mamata Banerjee also announced that foreign travel of ministers and state officials
would be sanctioned only by her, apart from ordering cuts on hospitality expenses such as
food and refreshments on an emergency basis. She further mandated economy class travel in
low-cost airlines for all domestic air trips. Banerjee also formed a committee, to be headed by
chief secretary Malay Kumar De, to supervise progress of government projects.

AAI to set up Civil Aviation Research Organization at Hyderabad

State-run Airports Authority of India (AAI) will set up Civil Aviation Research Organization
(CARO) at Begumpet Airport, Hyderabad. AAI has allocated Rs 1,200 crore for this project
that will be spent over 12 years for research and development. ♦ Aim:- To solve growing air
traffic and to enhance safety, capacity and efficiency of aircraft operations in India.

Union Minister Mahesh Sharma, inaugurated exhibition titled 'Arth' at IGNCA, New Delhi


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ARTH is the short form of 'ART FOR EARTH'. ARTH by Manav Gupta consists of
"Excavations in Hymns of Clay". The exhibition is available for public viewing till the 22nd
of October 2018.

YES Bank gets SEBI nod to launch mutual fund business

India's fourth largest private sector lender, YES Bank received final regulatory approval from
the Securities & Exchange Board of India (SEBI) to start mutual fund business, named "YES
Asset Management India Limited (YAMIL)". YES Bank Director & chief executive officer:-
Rana Kapoor

International Day of Cooperatives celebrated on the 7th of July

The theme for the 2018 International Day of Co-operatives is "sustainable consumption and
production of goods and services". On December 16, 1992, the United Nations General
Assembly proclaimed in resolution 47/90 "the first Saturday of July 1995 to be International
Day of Cooperatives, marking the centenary of the establishment of the International
Cooperative Alliance". July 7 is also celebrated as Global Forgiveness Day, Chocolate Day.

World Zoonoses Day observed on 6th July

Zoonosis is derived from the Greek words zoon 'animal' and nosos 'ailment'. It describes the
process whereby an infectious disease is transmitted between species, from animals to
humans. Approximately 150 zoonotic diseases are known to exist. World Zoonoses Day is
observed on July 6 every year to create awareness among the people for zoonotic diseases.
The most common zoonotic diseases: ♦ Plague ♦ Tuberculosis ♦ Ringworm ♦ Roundworms ♦
Scabies ♦ Cat Scratch Fever ♦ Rabies

Former Pakistan PM Nawaz Sharif sentenced to 10 years in jail

Mr. Sharif was disqualified as Prime Minister in July 2017 by the Supreme Court over the
purchase of high-end properties in London, worth over £200 million. His daughter Maryam
Nawaz was sentenced to seven years in jail and and son-in-law captain (retired) Safdar
awarded one-year jail term. The court also imposed a fine of £8 million on Mr. Sharif and £2
million on Ms. Maryam.

SC judge AK Goel appointed as New Chairman of National Green Tribunal

Supreme Court judge Justice Adarsh Kumar Goel was appointed as the Chairman of the
National Green Tribunal (NGT) for a period of 5 years. He was the first Supreme Court judge
from Haryana. He replaces the acting chairperson Justice Jawad Rahim. Justice Goel was
appointed Supreme Court judge in July 2014. About NGT:- The NGT was established on
October 18, 2010 under the National Green Tribunal Act for effective and expeditious
disposal of cases relating to environmental protection and conservation of forests and other
natural resources.