Top 15 Current Affairs 15th January 2018

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15 January 2018

India and Britain discussed on a very crucial point that is illegal Indian migrants’ in Britain. Talking further on this issue MoS for Home Affairs Kiren Rijiju The UK government assured us they would take care of such issues and ensure anti-India activities, also by Kashmiri separatists, are not allowed in the UK.” India and Britain have signed agreements on illegal Indian migrants’ return and sharing criminal records and intelligence. The development comes close on heels of India seeking Britain’s help in the early extradition of liquor tycoon Vijay Mallya from Britain to face the law at home in connection with cases of fraud and money laundering amounting to around 9,000 crore rupees. The memorandums of understanding (MOU) were signed by Britain’s Minister of Immigration Caroline Nokes and Union Minister of State for Home Affairs Kiren Rijiju. The new deals reflect increased co-operation between the two countries, which already enjoy a close relationship.

15 January 2018

India contributed $50,000 to United Nations (UN) Secretary-General Antonio Guterres’s Office of Envoy on Youth to help with its mission of involving young people in the world body’s goals. The contribution was handed over by Paulomi Tripathi, a First Secretary in India’s UN Mission to the Youth Envoy Jayathma Wickramanayake. India contributes $50,000 to UN Youth Envoy’s office January 15, 2018. India has contributed $50,000 to United Nations (UN) Secretary General's Envoy on Youth in June 2017 at the age of 26. The Youth Envoy’s works to raise international awareness and attention to youth issues among others.Its mission aims to promote engagement of youth and advocate for them across all the four pillars of UN’s work –human rights, peace and security, sustainable development and humanitarian action.

15 January 2018

Norwegian fertilizer giant Yara International announced the completion of its acquisition of Tata Chemicals’ 1.2 million tonnes per annum production capacity urea plant at Babrala in Uttar Pradesh. The Rs. 2,682-crore acquisition deal includes the transfer of all assets and liabilities (including work) relating to Babrala unit. It marks first foreign direct investment (FDI) in India’s highly regulated urea sector. The acquisition represents a major step of Yara as it deepens its footprint in India, world’s second largest fertiliser market after China.

15 January 2018

Finance Minister Arun Jaitley the development of the agriculture sector is a priority for the NDA government. He launched country's first agri-commodity options. India is one of the fastest growing economies in the world and the growth is benefitting people in different sectors. But maximum population is dependent on agri-sector and unless the gains are clear and evident, the (economic) growth is not justifiable and equitable. The Ensuring the benefits reach the agri-sector and growth is visible this is among the priority areas for us. We see in some places the problem of falling prices because of higher production. Farmers are not getting the price for their produce.

15 January 2018

The World Economic Forum (WEF) ranked India at 30th position on a global manufacturing index - below China’s 5th place but above other BRICS peers, Brazil, Russia, and South Africa. Japan has been found to have the best structure of production in the Geneva-based WEF’s first ‘Readiness for the future of production report’ and is followed by South Korea, Germany, Switzerland, China, Czech Republic, the US, Sweden, Austria and Ireland in the top 10. Among BRICS nations, Russia is ranked 35th, Brazil 41st, and South Africa at 45th place.

15 January 2018

The 70th Army Day is being celebrated today (15th January 2018). The day is celebrated to pay homage and salute to the courageous and brave Indian soldiers who have been sacrificing their lives for protecting the country.  Every year on this day, the ‘Army Day’ is celebrated to commemorate the day when General (later Field Marshal) K.M Carriappa took over the command of Army from General Sir F.R.R Bucher, the last British Commander-in-Chief in 1949 and became the first Commander-in-Chief of Indian Army post Independence.

15 January 2018

Senior sports administrator Anil Khanna was named Chairman of the Finance Commission of the Indian Olympic Association, which also formed a four-member advisory committee. The advisory committee comprises Tarlochan Singh, GS Mander, S Regunathan and BS Landge. The IOA also formed a Medical Commission and Games Technical Conduct Committee and nominated office bearers of IOA and National Sports Federations (NSFs) to the Committees.

15 January 2018

The Bombay Stock Exchange (BSE)'s India International Exchange listed the first bond on its Global Securities Market.  The bonds issued by Indian Railways Finance Corporation (IRFC) are one of the highest credit rated bonds issued by an Indian corporate and has been IRFC's first foray into the Green Bond market. 

15 January 2018

Federal Bank entered into a strategic partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. A formal agreement was executed in which Jose K Mathew (EVP & Head Retail Business, Federal Bank) and Alex Babu (MD, Hedge Equities Ltd) exchanged the MoU announcing the tie-up. Federal Bank is authorized by the RBI to issue permission letter to NRIs on behalf of the RBI to transact in the secondary market. 

15 January 2018

India emerged as a top borrower from the China-sponsored Asian Infrastructure Investment Bank (AIIB) with USD 1.5 billion worth of loans last year and USD three billion more in the pipeline.  India's Ambassador Gautam Bambawale met AIIB President Jin Liqun in Beijing and held in-depth talks on deepening India's engagements with the bank. Next, to India, Indonesia has emerged as the second largest borrower with about USD 600 million loans.

15 January 2018

IDFC Bank and Capital First approved a merger of Capital First with IDFC Bank. Pursuant to the merger which is subject to regulatory and shareholder approvals, IDFC Bank will issue 139 shares for every 10 shares of Capital First.  The deal values Capital First - owned more than a third by private equity firm Warburg Pincus - at Rs. 938.25 a share based on the two companies' price and giving the company a market value of Rs. 9,278 crore ($1.46 billion), Reuters calculations showed.