Current Affairs 2018 for Competitive Exams January 16, 2018

Latest Current Affairs 2018 Q&A for competitive exams UPSC, TNPSC, IAS, RRB and Latest Affairs 2018 for banking exams IBPS PO Clerk, SBI, RBI and more. Read daily affairs and try free quiz on latest current affairs 2018 question and answers, this beneficial Affairs 2018 resource yields the facts about the events of International affairs, National, Sports, Business, Banking Current Affairs of 2018 and more which are betterment for the Government & Private Job aspirants.
Last Modified:16-01-2018
  • January 16, 2018 Current Affairs

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    Vajra Prahar: Indo-US joint military exercise to be held in Seattle

    The Indo-US joint military exercise ‘Vajra Prahar’ will be held at Joint Base Lewis-McChord (JBLM) in Seattle in the third week of January in line with the increasing military cooperation between both countries. In this edition of bilateral exercise, Indian Army team from the Southern Command will participate. The exercise will mainly focus on special operations in urban areas.

    Union Minister Rajyavardhan Rathore launches Khelo India Anthem

    Sports Minister Rajyavardhan Rathore made the announcement during the launch of the official anthem and mascot of Khelo India School Games, beginning January 31.   Now when an athlete wins a medal at Commonwealth Games, Asian Games and Olympics, the coach gets the incentive.  The video features India's eminent sports personalities such as Sardar Singh, Sunil Chhetri, Devendra Jhajharia, Baichung Bhutia, Pullela Gopichand, Leander Paes, Mary Kom, Akhil Kumar, Sakshi Malik and Saina Nehwal.

    BBIN Motor Vehicles Agreement India, Bangladesh, Nepal approve Passenger protocol

    Bangladesh, India, and Nepal agreed on the text of operating procedures for passenger vehicle movement (Passenger protocol) in sub-region under Bangladesh - Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA). The decision in this regard was taken at a meeting of High-level officials of three decision in this regard was taken at a meeting of High-level officials of three countries held in Bengaluru, Karnataka. It was convened and chaired by India’s Ministry of Road Transport and Highways (MoRTH).

    DIPP arm Launches Competition for College Students

    Cell for IPR Promotion and Management (CIPAM), under the department of industrial policy and promotion, launched a competition for college and university students to foster a culture of innovation and creativity in the youth.  The competition - IPrism - invites students to submit films on piracy and counterfeiting under two categories of 30 and 60 seconds. Another category in the competition is a mobile gaming app on intellectual property (IP). Cash prizes of Rs 4 lakh will be given to the winning teams along with mementos and certificates. 

    Romanian PM Mihai Tudose Resigns after Losing Party Support

    Romania's left-wing Prime Minister Mihai Tudose resigned after losing the backing of his party due to internal power struggles, barely seven months after his predecessor suffered the same fate.  He handed in his resignation after senior members of the ruling Social Democrats (PSD) voted to withdraw their support at a leadership meeting.

    India and US join hands to enhance effectiveness of information exchange and transparency

    To enhance the effectiveness of information exchange and transparency, India and United States of America (USA) signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. The Notably, the two countries are committed to establishing, by January 1, 2017, rules requiring their Reporting Financial Institutions (RFID) to obtain the Tax Identity Number (TIN) of each reportable person having a reportable account as of June 30, 2014 (pre-existing account). The Income-tax Rules, accordingly, provide for reporting of U.S. TIN from the year 2017 onwards in respect of any pre-existing account. The US-IRS has issued guidelines through Notice 2017-46 dated 25.09.2017 providing relaxation to Foreign Financial Institutions (FFIs) with respect to reporting of U.S.TIN for calendar years 2017, 2018 and 2019.

    Digital launch of I4Fund call for proposal website at India-Israel Business Summit

    The ‘I4Fund Call for Proposal’ was announced with the joint launch of the website and the unveiling of the brochure by the two PMs (Narendra Modi and Benjamin Netanyahu). The "India-Israel Industrial R&D and Technological Innovation Fund (I4F)" was announced in July 2017.  Under this, the Department of Science and Technology, India and the National Innovation Authority of Israel have established a 40 million US dollar Fund.

    Sixty Fifth meeting of Central Advisory Board of Education held in New Delhi

    The 65th Meeting of the Central Advisory Board of Education (CABE) was held under Chairmanship of Union Human Resource Development Minister Prakash Javadekar in New Delhi. The Education Ministers of 20 States, representatives of 28 states/UTs, members of CABE, heads of the autonomous organization. The Operation Digital Board will be launched in all schools in five years and will be undertaken jointly by Centre, State, Corporate Social Responsibility. CABE also will ensure to provide Quality, Equity, Accessibility, Accountability and Affordability in education by pro-active action and plan.

    Air Indias new year gift to women: Gives reservation for women in seats

    The public sector major aviation company given women travelers special thanks to the New Year (2018). Air India announced a reservation of seats for women in all its domestic flight services. This kind of service has become the country's first airline company. Special respect to women on our behalf Air India is booking a full line for all women at an economy class at no extra charge. This is for women who are traveling alone or with their young children. " To avail this facility, female passengers can contact the airline's counter or booking officer at the airport for up to 90 minutes before flying. This facility of the company is only valid for domestic flights only.

    India emerging as a biggest tourism hub across the globe; over 11 lakh tourists arrived New Delhi in Dec 2017

    Tourism sector of the nation is blooming year by year, as the Foreign Tourists Arrivals have bloomed by 15.2% in December 2017 as compared to December 2016. And also 48.3% Growth in Foreign Tourist Arrivals on an e-Tourist visa in December 2017 Over December 2016. The number of FTAs in December 2017 was 11.76 lakh as compared to FTAs of 10.21 lakh in December 2016 and 9.13 lakh in December 2015. The growth rate in FTAs in December 2017 over December 2016 was 15.2%, compared to 11.9% in December 2016 over December 2015. FTAs in the year 2017 was 101.77 lakh with a growth of 15.6% over 2016, compared to FTAs of 88.04 lakh with a growth of 9.7% is 2016 over 2015. The percentage share of Foreign Tourist Arrivals (FTAs) in India during December 2017 among the top 15 source countries was highest from Bangladesh (19.04%) followed by USA (16.90%), UK (10.41%), Australia (5.31%), Canada (3.85%), Russian Fed. (3.79%),Malaysia (3.11%), Germany (2.08%), China (2.06%), Sri Lanka (2.01%), Singapore (1.85%), France (1.81%), Japan (1.64%), Thailand (1.60%) and Italy (1.44%).

    India and Israel sign 9 agreements in space, defence, cybersecurity

    India and Israel have signed nine agreements to boost cooperation in the areas of space, cyber security and oil and gas between both countries. The agreements were signed following delegation-level talks headed by Prime Ministers Narendra Modi and his Israeli counterpart Benjamin Netanyahu in New Delhi. Netanyahu is first Israeli Prime Minister to visit India in the span of last 15 years and second one overall. Agreement on Film-co-production. Protocol on Amendments to Air Transport Agreement MoU on Cyber Security Cooperation between India and Israel Memorandum  MoU between the Ministry of Petroleum and Natural Gas and the Ministry of Energy on Cooperation inOil and Gas Sector LoI between IOCL and Yeda Research  MoU between Central Council for Research in Homeopathy and Ministry of AYUSH and Centre for Integrative Complementary Medicine, Shaare Zedek MoU between Indian Institute of Space Science and Technology (IIST) and Technion- Israel Institute of Technology for cooperation in the field of space.

  • January 15, 2018 Current Affairs

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    India and Britain pens down to deport illegal Indian migrants

    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.

    India contributes $50,000 to UN Youth Envoys office

    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.

    Indias first-ever FDI in fertiliser sector: Yara acquires Tata Chemicals urea plant

    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.

    Indias first agri-Options unveiled for doubling farmers income

    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.

    WEF Ranks India 30th on Global Manufacturing Index

    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.

    Seventh Army Day is celebrated on 15th 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.

    Anil Khanna to Head IOA Finance Commission

    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.

    BSE's India International Exchange Lists IRFC's First Green Bond

    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. 

    Federal Bank ties up with Hedge Equities

    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. 

    India, Top Borrower from China-Sponsored AIIB in 2017

    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.

    IDFC Bank Capital First to merge in Share Swap Deal

    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.

  • January 14, 2018 Current Affairs

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    As per the National survey, Bihar is the poorest state in India, Delhi richest

    Fourth round of the National Family Health Survey (NFHS-4) on around 6 lakh households in 2015-16 has revealed that Bihar is India's poorest state, while Delhi is the richest. The survey classifies all households into five wealth quintiles, according to which Bihar has more than half of its households in the bottom quintile, while Delhi has over 60% households in the top quintile.

    Nitin Gadkari proposes creating worlds largest garden in Mumbai

    At the foundation stone-laying ceremony of an international cruise terminal in Mumbai, Union Minister Nitin Gadkari announced that the Mumbai Port Trust will create the "world's largest garden" by reclaiming 350 hectares of land. Works of Rs 2.41 trillion have been initiated in Maharashtra as part of the Sagarmala plan.

    Facebook co founder Zuckerberg loses 4th richest persons spot to Zara Founder

    Facebook CEO Mark Zuckerberg has lost his place as the world's fourth-richest person to Zara Founder Amancio Ortega. Zuckerberg's fortune fell by $3.3 billion after he revealed plans to shift users' News Feed towards content from family and friends, instead of content from publishers and businesses. Facebook shares tumbled nearly 4.5%, reducing Zuckerberg's fortune to $74 billion.

    Telecom regulator TRAI cuts ISD incoming call termination rate to 30 paise

    Telecom regulator TRAI (Telecom Regulatory Authority of India) reduced international incoming call termination rate ie., ITC - international termination charge to 30 paise, from 53 paise, to curb the "grey route". The Telecom Regulatory Authority of India said the new rule "shall come into force from the 1st February, 2018".

    Saudi Arabia opens its first women only car showroom in Jeddah

    A Saudi Arabia private company opened the first car showroom in Le Mall, Jeddah for women only just five months before a decision allowing females to drive takes effect. In a decree issued in September, King Salman ordered by June an end to the ban on women drivers, a conservative tradition that has limited women’s mobility and been seen by rights activists as an emblem of their suppression.

    ISRO is set to conduct a bungee jump on Chandrayaan 2

    Indian Space Research Organisation (ISRO) are set to conduct a breathtaking stunt at Mahendragiri hills in Tamil Nadu. A bungee jump is being planned for Chandrayaan-2 craft as part of soft landing tests using a 100-metre tall crane (as tall as a 10-storeyed building) specially built for the purpose. Chandrayaan-2 is India's second Moon mission.

    India signs pact with UK on illegal migrants

    India has signed an MoU with the United Kingdom to enable the return of illegal Indian migrants within a month of their detection by authorities abroad. Minister of State for Home Kiren Rijiju confirmed that the pact was signed by him and UK Minister of State for Immigration Caroline Nokes in Britain.

    South Australia planning to build the worlds largest thermal solar plant

    Following the success of the world’s largest battery, South Australia is aiming to build the world’s largest thermal solar plant. The project is being developed by US company SolarReserve at a budgeted cost of A$650m (£380m), and construction is set to begin this year. The new development will be located near Port Augusta, the site of the last coal power station in South Australia. The new development marks a big step towards making the southern state 100 per cent renewable by 2030.

    India emerges as a top borrower from China sponsored AIIB in 2017

    India has 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. Next to India, Indonesia has emerged as the second largest borrower with about USD 600 million loans. AIIB President:- Jin Liqun

    Actress Kajol named advocacy ambassador for Swachh Aadat Swachh Bharat initiative

    Actress Kajol, an active supporter of eradicating preventable deaths from hygiene-related issues, has become an advocacy ambassador for a Swachh Aadat Swachh Bharat initiative.

  • January 13, 2018 Current Affairs

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    South and North Korea discuss joint women ice hockey team for Olympics

    South Korea has proposed fielding a joint women’s ice hockey team with North Korea at next month’s Winter Olympics going to be held at Pyongyang. South Korea's unification ministry invited the North to further talks about the Olympics in the truce village of Panmunjom on 15 January. A joint march at the opening ceremony would be a stunning statement for the "Peace Olympics", which will open about 50 miles (80 kilometres) from the heavily fortified Korean border on 9 February.

    China became second internet service provider for Nepal, breaking Indias monopoly in Nepal

    The Hong Kong and Beijing based China Telecom Global (CTG) - a company formed in 2012 - has teamed up with Nepal Telecom to provide alternate cyber-connectivity to Nepal. So far, Nepal had been linked to the global internet network through Indian telecom operators, using optical fiber connections in Biratnagar, Bhairahawa and Birgunj, among others. But a new terrestrial fiber cable launched in 2016 by CTG will now connect Nepal and China through the Jilong (Rasuwagadhi) border gateway.

    Bhopal Becomes 1st Railway Station in India to Have Happy Nari Pad Vending Machine

    Considering the needs of its women commuters, Bhopal Junction has become the first railway station in India to install a sanitary napkin vending machine, which is christened as 'Happy Nari'. At a meagre price of Rs 5, any railway passenger can procure two sanitary napkins from the vending machine.

    Saudi Arabia allows women to visit the country without a male companion

    Women aged 25 and above will now be allowed to visit Saudi Arabia alone, without being accompanied by a male companion. The move is a part of Saudi Arabia's broader plans to issue tourist visas.

    India grants Rs. 288 crore to develop Sri Lankan Kankesanthurai Harbour into a commercial port

    India has granted a financial assistance worth over ₹288 crore ($45.27 million) to develop Sri Lanka's Kankesanthurai (KKS) Harbour into a commercial port. Sri Lanka’s ministry of finance and Export-Import Bank of India (Exim Bank) signed an agreement in this regard. The KKS Harbour was destroyed by the LTTE during Sri Lanka's civil war.

    Jet Airways bans smart luggage on flights from 15th January

    Jet Airways has prohibited passengers from carrying smart luggage, which includes devices with non-removable batteries, on its aircraft from January 15. This comes after the International Air Transport Association (IATA) banned such baggage on a passenger aircraft worldwide. Smart luggage also includes devices with integrated lithium batteries, motors, power banks, Bluetooth, GPS or Wi-Fi technology.

    Karnataka smart city to have 250 poles to charge electric vehicles

    Hubballi-Dharwad Smart City in Karnataka will have 250 smart poles to charge electric vehicles. The poles, which are expected to cost Rs. 10 lakh each, will act as WiFi hotspots and will feature remote-controlled LED lights.  

    Gallup International Survey ranked Indian PM Narendra Modi as the No. 3 world leader

    Gallup International Association (GIA) has ranked Indian PM Narendra Modi as the No. 3 world leader in its annual survey. This is the highest ever rank bagged by any Indian PM in the GIA global polls. The first rank went to French President Emmanuel Macron (net score 21), followed by German chancellor Angela Merkel (net score of 20). US President Donald Trump and his Russian counterpart Vladimir Putin were ranked at the eleventh and sixth position respectively in the survey.

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