Current Affairs 20th January 2018 - Banking, SSC, UPSC Affairs

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Banking finance company AU Small Finance Bank signed a MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Under the MoU, LIC will give a life cover of Rs2 lakh in case of death to the customer at a nominal premium of Rs330 per annum. The company has re-entered the housing finance segment. The company will also offer loans under government’s affordable housing and subsidy schemes such as Pradhan Mantri Awas Yojana. The product will be targeted for both salaried and self- employed (professional and non-professional) customers.

Famous Cartoonist Chandi Lahiri passed away after a brief period of illness, marking the end of a chapter in Bengal's history of the cartoon. Lahiri was 86. Marked by simplicity and ease, Lahiri left generations of Bengalis enthralled with his brand of humor that was non-acerbic for the past five decades.

Indian Naval Ship Vikramaditya, the Indian Navy's largest ship, and its sole aircraft carrier were formally affiliated to the Indian Army's highly-decorated and battle-hardened Bihar Regiment and the Indian Air Force's No 6 Squadron. It is tasked with maritime strike operations with its Jaguar fighter aircraft. A glittering ceremony was held onboard INS Vikramaditya at the Karwar Naval Base, Karnataka.

India will offer Yoga training sessions at the World Economic Forum (WEF) in Davos, Switzerland, in a move aimed at promoting Indian traditions abroad. More than 70 heads of states are expected to attend the summit next week. PM Narendra Modi will be the first Indian Prime Minister to attend the summit in 21 years. Two yoga teachers from India will hold daily classes next week at the summit, which has attracted 70 heads of state and government, including U.S. President Donald Trump as well as celebrities, chief executives and top bankers. Modi will be the first Indian prime minister to attend the WEF in 21 years, since when the economy has more than doubled to $2.3 trillion and become the world’s seventh largest.

The Union Government appointed senior IAS officer S Selvakumar as Chairman and Managing Director (CMD) of Security Printing and Minting Corporation of India Ltd (SPMCIL). He replaced Anurag Agarwal. The state-owned SPMCIL produces banknotes, coins, postage stamps, non-judicial stamps and other official documents.

President Ram Nath Kovind unveiled a book on heartfulness techniques and principles titled 'The Heartfulness Way'. Kamlesh D. Patel is the author of this book. It is the fourth Global Guide of Heartfulness. Joshua Pollock is the second author of this book. It was launched by Commerce and Industries Minister Suresh Prabhu.

India joined the Australia Group export control regime and has become the 43rd Member of that Group. It is an informal forum which seeks to ensure that exports do not contribute to the development of chemical or biological weapons. The inclusion will raise India’s stature in the field of non-proliferation and help in acquiring critical technologies. India managed entry into Missile Technology Control Regime (MTCR), the Wassenaar Arrangement and Australia Group despite not being a signatory to the Non-Proliferation Treaty.

Union Housing and Urban Affairs Minister Hardeep Singh Puri announced the list of nine new Smart Cities, which have emerged winners in Round 4. These nine cities are, Silvassa in Dadra and Nagar Haveli, Erode in Tamil Nadu, Diu in Daman and Diu, Bihar Sharif in Bihar, Bareilly in Uttar Pradesh, Itanagar in Arunachal Pradesh, Moradabad in Uttar Pradesh, Saharanpur in Uttar Pradesh and Kavaratti in Lakshadweep.

Facebook-owned instant messaging platform WhatsApp rolled out a feature that connects small businesses with customers. Currently, only Android users can access the feature and they can avail of it through the latest update of the app. The new feature will be available first in Indonesia, Italy, Mexico, UK and the US before being launched globally in the coming weeks.

As per the Power Minister RK Singh, India will set up a $350-million fund to finance solar projects as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022. The announcement was made at an event organized by the International Solar Alliance (ISA) in Abu Dhabi, UAE. Installed renewable power capacity is currently about 60 GW, and India plans to complete the bidding process by the end of 2019/20 to add a further 115 GW of installed renewable energy capacity by 2022.

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    Topics covered in the 20th January 2018 Current Affairs are
  • International News,
  • National News (ie. Indian Affairs),
  • important events associated with Science & Technology, Environment,
  • Bills & Acts Passed by Government,
  • Defence News,
  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
  • Summits & Conference,
  • Important Committee,
  • Schemes,
  • Appointments,
  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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