Top Current Affairs of the day: 08 January 2019

Last Updated: January 8, 2019

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  • India born Gita Gopinath joins IMF as 1st woman Chief Economist

    January 8, 2019
    Mysore-born Gita Gopinath has joined International Monetary Fund (IMF) as its chief economist, becoming the first woman to occupy the top IMF post. She succeeds Maurice Obstfeld, who retired on December 31. Ms Gopinath considers the perceived retreat from globalisation as one of the top challenges being faced by the IMF.

    World Bank Group President Jim Yong Kim to step down on February 1

    January 8, 2019
    World Bank President Jim Yong Kim on January 7 announced that he will step down from his position on February 1 - much before the end of his term in 2022. Kim, 58, has been in this position for over six years now. Kristalina Georgieva, World Bank CEO, will assume the role of interim President effective February 1. ♦ World Bank Headquarters - Washington, D.C., United States

    Gruh Finance announced its merger with Bandhan Bank

    January 8, 2019
    Gruh Finance, the affordable housing finance arm of HDFC, will be merged with Bandhan Bank, the newest commercial bank. The move would help the Bandhan Bank to cut promoter stake from 82.3% to 61%. According to the deal, 568 equity shares of face value of Rs.10 each of Bandhan Bank is to be issued for every 1,000 equity shares of a face value of Rs.2 each of Gruh. The deal is subject to regulatory approvals. The swap ratio implies a 2.05% premium to the shareholders of Gruh. The combined... Read More
    Category: Indian Affairs

    USFDA approved Lupins Lurasidone Hydrochloride drug

    January 8, 2019
    Lupin, the major Drug maker, received the approval from United States Food & Drug Administration (USFDA), the U.S. health regulator, to market Lurasidone Hydrochloride tablets in the U.S.
    The firm can sell its product in strengths of 20 mg, 40 mg, 60 mg, 80 mg, and 120 mg. The drug is a generic version of Sunovion Pharmaceuticals Inc.’s Latuda tablets. The drug is indicated for conditions such as schizophrenia and bipolar depression. United States Food & Drug Administration... Read More

    Indian Navy to commission a new airbase

    January 8, 2019
    The Indian Navy is planning to commission a new airbase 100 miles north of Port Blair in the strategically located Andaman and Nicobar islands. Navy Chief Admiral Sunil Lanba will commission the base, INS Kohassa on January 24. This will be India’s fourth air base and the third naval air facility in the archipelago, which are more closer to Southeast Asia than to the Indian mainland, overlooking key sea lanes of communication and strategic choke points. The base will initially operate... Read More

    Cabinet cleared the redrafted Citizenship Amendment Bill

    January 8, 2019
    The Joint Parliamentary Committee (JPC) on the contentious Citizenship Amendment Bill, 2016 recommended that the Assam government should help settle migrants especially in places which are not densely populated, thus, causing a lesser impact on the demographic changes and providing succour to the indigenous Assamese people. The Union Cabinet cleared the redrafted Citizenship Amendment Bill and it will be tabled in Parliament. The Bill paves the way to grant citizenship to six religious... Read More
    Category: Bills & Acts

    Cabinet approved a Constitution Amendment Bill to provide 10 percent reservation

    January 8, 2019
    The Cabinet approved a Constitution Amendment Bill to provide 10% reservation to the economically backward sections in the general category. The Bill will also cover those from the Muslim, Sikh, Christian, Buddhist and other minority communities.
    The quota will be over and above the existing 50% reservation to the Scheduled Castes, the Scheduled Tribes and the Other Backward Classes (OBC). The government is likely to bring a Constitution Amendment bill in Parliament. According to article... Read More
    Category: Bills & Acts

    ASI declared 6 monuments of National Importance in 2018

    January 8, 2019
    ♦ The 125-year-old Old High Court Building in Nagpur, Maharashtra; ♦ Two Mughal-era monuments in Agra - Haveli of Agha Khan and Hathi Khana; ♦ The ancient Neemrana Baori in Rajasthan’s Alwar district; ♦ The Group of Temples at Ranipur Jharail in Odisha’s Bolangir district; ♦ The Vishnu Temple in Kotali, Pithoragarh district, Uttarakhand are the Six monuments that have been listed. In 2016 and 2017, no new monument was included in the list of sites... Read More
    Category: Places

    Government merged three Regional Rural Banks

    January 8, 2019
    The government has amalgamated three Regional Rural Banks -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with immediate effect. The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National Bank, State Bank of India and Punjab and Sind Bank.
    Category: Banking & Finance

    RBI expected to pay government up to Rs 40,000 crore interim dividend

    January 8, 2019
    The Reserve Bank of India (RBI) is likely to transfer an interim dividend of up to Rs 30,000 crore to Rs 40,000 crore ($4.32 billion-$5.8 billion) to the government by March. The funds are crucial to meet the fiscal deficit target of 3.3 percent of the GDP for the financial year ending in March, as the government's revenue shortfall may be as high as Rs 1 lakh crore.

    Alok Verma Reinstated As CBI Chief By Supreme Court

    January 8, 2019
    Alok Verma reinstated as the CBI chief by the Supreme Court, three months after the government divested him of his powers and sent him on forced leave. Alok Verma and his deputy Rakesh Asthana were both sent on leave in October amid a bitter feud between the CBI’s top two. Supreme Court strikes down CBI Chief Alok Verma’s removal. However, at present, Alok Verma cannot take any major policy decisions. Supreme Court stated that the High Power Committee under the DSPE Act needs to... Read More
    Category: Indian Affairs

    Andhra's Polavaram irrigation project creates 2 Guinness world records

    January 8, 2019
    The Polavaram irrigation project in Andhra Pradesh created two Guinness world records for ‘pouring the highest amount of concrete’ and ‘largest continuous concrete pour in 24 hours’. The Polavaram irrigation project is located in West Godavari district of Andhra Pradesh. The project has entered the Guinness World Records for pouring 32,100 cubic meters of concrete non-stop in 24 hours. The total storage capacity of the water reservoir is 120,000 million cubic feet... Read More
    Category: Awards and Honours

    Norway Prime Minister Erna Solberg arrives in Delhi for 3 day visit

    January 8, 2019
    During the visit, Ms Erna Solberg hold talks with Prime Minister Narendra Modi. She will also call on President Ram Nath Kovind and Vice President M Venkaiah Naidu. She delivers the Inaugural address at the Raisina Dialogue and will address India-Norway Business Summit. Several agreements will be signed after the talks including one on facilitating dialogue to boost bilateral trade which currently stands at 1.2 billion dollars.

    Sheikh Hasina sworn in as Bangladesh PM for 3rd consecutive term

    January 8, 2019
    Sheikh Hasina’s Awami League-led alliance won 288 of the 298 seats in the December 30 election. President Abdul Hamid administered the oath of office to 71-year-old Hasina at the Bangabhaban. This is Hasina's fourth term in office overall. Hasina will lead a Cabinet of 24 ministers, 19 ministers of state and three state ministers. Hasina was first elected prime minister in 1996 and then again in 2008 and 2014.

    Maharashtra to host 2nd edition of Khelo India Youth Games

    January 8, 2019
    Maharashtra is all set to host the second edition of Khelo India Youth Games which will officially begin tomorrow in Pune. More than 9000 players from different states will participate in 18 different games at Khelo India Youth Games. It has already been announced that Youth Olympic Gold Medallist in shooting Manu Bhaker and Saurabh Chaudhari, as well as weightlifter Jeremy Lalrinnunga, will be among the cream of India’s youth sporting talent competing at these games. Three 10-year-old... Read More

    A Crusade Against Corruption: book by Manohar Manoj launched by Vice-Chairman of Rajya Sabha, Harivansh Narayan Singh in New Delhi

    January 8, 2019
    Vice-Chairman of Rajya Sabha, Harivansh Narayan Singh launched Manohar Manoj`s book ‘A Crusade Against Corruption’ at the Press Club of India in New Delhi.
    Category: Indian Affairs

    Jasprit Bumrah finishes 2018 as the highest wicket-taker across all formats

    January 8, 2019
    Twenty-Five years old Indian fast bowler Jasprit Bumrah finishes 2018 as the highest international wicket-taker of 2018 with 78 wickets after taking 9 wickets in the 3rd Test Match against Australia held in Melbourne Cricket Ground, Australia. South African fast bowler Kagiso Rabada ranked 2nd in the list of Highest International wicket taker of 2018 with 77 wickets.
    Category: Sports

    Govt allocates Rs 10,900 crores for development of 40 satellite launch vehicles in next 4-years: ISRO Chairman

    January 8, 2019
    Indian Space Research Organisation (ISRO) announced at a ceremony organized by St Joseph’s College, Trichy, Tamilnadu which is celebrating its 175 anniversary that the Union Government has allocated 10,900 crore rupees for the development of 40 satellite launch vehicles in the next four years He also informed that the Chandrayan-2 Mission will be launched within three months and It will land in one of those parts of the Moon which is still unexplored. Human spaceflight Gaganyaan is... Read More
    Category: Indian Affairs

    Ministry of Human Resource Development introduced a 70-point grading index to assess the quality of school education

    January 8, 2019
    Union Minister of Human Resource Development (MHRD), Shri Prakash Javadekar stated that the HRD ministry introduced a 70-point grading index to assess the quality of school education offered by states. A state performance grading will be done wherein the states will be marked out of 1,000 scores on 70 parameters. By doing so the ministry expects that it will give the correct picture of where every state stands and will create an atmosphere of a fair competition to improve each other’s... Read More
    Category: Indian Affairs

    BJP formed 17 groups for LS election

    January 8, 2019
    BJP formed 17 groups for upcoming Lok Sabha election. The election is expected to be held in April-May. The party’s president Amit Shah announced the formation of 17 groups in preparation for the election.
    Senior BJP leader and Union Minister Rajnath Singh is to head the party’s “sankalp patra” (manifesto) committee. Finance Minister Arun Jaitley will head its publicity wing. Union Minister Nitin Gadkari will head a 17-member committee to reach out to social and... Read More
    Category: Indian Affairs



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