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Current Affairs 10th October 2018

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Jharkhand, the partner state at Goa International Film Festival 2018.
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Jharkhand announced to be the partner state in Goa International Film Festival 2018 which will be held on 20th to 28th of November, 2018. The decision was taken in meeting between Secretary of Ministry of Information and Broadcasting, Mr. Amit Khare and Chief Secretary of Jharkhand, Sudhir Tripathy at Ranchi.

Researchers developed bio electronic medicine that helps nerve growth

Researchers at the Washington University in the U.S. have developed the first bioelectronic medicine, an implantable, biodegradable wireless device. This device speeds nerve regeneration and improves the healing of a damaged nerve. The scientists developed a device that delivers regular pulses of electricity to damaged peripheral nerves in rats after a surgical repair process, accelerating the regrowth of nerves in their legs. About the size of a small coin, the wireless device operates for two weeks before getting absorbed into the body.

IMF estimates growth rate of India as 7.3 percent this year

The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) said that India has been estimated to grow at 7.3% in 2018 and 7.4% in 2019. This is to regain the tag of the world’s fastest-growing major economy 2018, surpassing China with more than 0.7% points. In 2017, India had clocked a 6.7% growth rate. In India, important reforms like the Goods and Services Tax (GST), the inflation-targeting framework, the Insolvency and Bankruptcy Code, and steps to liberalise foreign investment and make it easier to do business have been implemented in the recent years. China was the fastest-growing economy in 2017. The IMF has lowered the growth projections for both India and China by 0.4% and 0.32%, respectively, from its annual April’s WEO.

EAM Sushma Swaraj launched India for Humanity initiative in New Delhi

Mahatma Gandhi’s philosophy of compassion, caring and service to humanity, ‘India for Humanity’ features a year-long series of artificial limb fitment camps in a number of countries spanning the globe. The camps will be initially held in 12 countries identified through the Missions with the financial support of the Indian government.

National Housing Bank Increases Refinance Limit From Rs24,000 Crore To Rs 30,000 Crore

Till date, Rs.8835 crore has been sanctioned. This refinancing is a credit flow to Housing Finance Companies & other Institutions. About National Housing Bank NHB was set up on July 9, 1988, under the National Housing Bank Act, 1987. The Head Office of NHB is at New Delhi. Dakshita Das is the Managing Director & Chief Executive Officer of National Housing Bank.

Japanese Passport Named as World’s Most Powerful, India 81st

Japan overtook Singapore, according to the Henley Passport Index 2018. Japan has recently gained visa-free access to Myanmar, Japanese citizens now have visa-free or visa-on-arrival access to 190 destinations around the world. Top 3 on Henley Passport Index Power Ranking 2018: 1. Japan 2. Singapore 3. Germany, France, South Korea.

Second World Conference on Access to Medical Products achieving the SDGs 2030 inaugurated by Shri J P Nadda

Second World Conference on Access to Medical Products achieving the SDGs 2030 inaugurated by Shri J P Nadda
The main objective is to work on recommendations from the first World Conference 2017, To work on medical products in the context of SDGs (including trade agreements) in line with GPW 13 of WHO.

Halep and Osaka are nominated for WTA award

Romania’s Simona Halep and Japan’s Naomi Osaka are among the players nominated for the Women’s Tennis Association (WTA) Player-of-the-Year award. Serena Williams has been nominated for the WTA’s Comeback Player-of-the-Year award. Belinda Bencic (Switzerland), Bethanie Mattek-Sands (USA) and Ajla Tomljanovic (Australia) have also been nominated along with her.

ED sends orders to Switzerland in Nirav Modi scam

The Enforcement Directorate is to send a judicial request to Switzerland seeking confirmation of attachment of assets in connection with the Punjab National Bank (PNB) fraud case against diamond merchant Nirav Modi and others. It issued orders under the Prevention of Money Laundering Act. The agency zeroed in on the properties while probing the financial trail pertaining to three companies allegedly linked to them. The agency had recently provisionally attached four luxury flats, including two in the United States and one in the United Kingdom, and jewellery and bank accounts worth Rs. 637 crore in the case. The total value of attachments so far in the cases against Nirav Modi and others is pegged around Rs.4,300 crore.

TN government intensifies vehicle check at the Kalakkad tiger reserve

Tamil Nadu government is to intensify the Vehicle checks at the Kalakkad tiger reserve. This is after the felling of 11 teak trees by a gang with the assistance of an anti-poaching watcher inside the Kalakkad–Mundanthurai Tiger Reserve. Kalakkad Mundanthurai Tiger Reserve: Location: Tirunelveli, Tamil Nadu Established: 1988 IUCN Category: IV Governing body: Tamil Nadu Forest Department

Centre Decides To Start Issuing Sovereign Gold Bonds 2018-19 From October

The Sovereign Gold Bonds will be issued every month from October to February 2019. The 2018-19 Series II tranche will be issued on 23rd of October and the period of submission is 15th to 19th of October.

China to sell 48 high end armed drones to Pakistan

China is to sell 48 high-end armed drones to Pakistan. This will be the largest deal of its kind. The cost of the major defence deal hasn’t been revealed yet. Wing Loong II is a high-end reconnaissance, strike and multi-role endurance unmanned aerial system, capable of being fitted with air-to-surface weapons. This type of drone is roughly equivalent to the American MQ-9 Reaper drone. The drones will also be jointly manufactured by China and Pakistan. Last year, China reportedly sold to countries like the UAE and Egypt the Wing Loong II at an estimated $1 million per unit. Till now China is the largest weapon supplier to its all-weather ally Pakistan Army. Both countries also jointly manufacture JF-Thunder a single engine multi-role combat aircraft.

Zalmay Khalilzad visits Pakistan to hold talks with Foreign Secretary

Zalmay Khalilzad, Washington’s newly named point man, is visiting Pakistan to seek for a peaceful end to Afghanistan’s 17-year war. He met Foreign Secretary Tehmina Janjua. He asked Pakistan’s new government in Islamabad to bring Taliban to the negotiating table. His tour of the region will also include West Asian stops in the UAE, Qatar and Saudi Arabia. In Afghanistan, he met with President Ashraf Ghani. Washington and Kabul have both repeatedly accused Pakistan of providing safe havens for Taliban insurgents. Pakistan denied the claim and countered with charges that its own insurgents have found sanctuary in Afghanistan.

Nikki Haley resigned as U.S. Ambassador to the United Nations

Indian American Nikki Haley resigned as the United States Ambassador to the United Nations (UN). Despite her statement that she will not run for the 2020 election, it is expected that she might contest in the 2020 presidential election. In her political career, she was the Governor of South Carolina. She was elected as the State’s first woman Governor in 2010. She was offered the job of Ambassador to the UN by President Donald Trump. Ms.Haley has carved out a space for herself in the Republican politics in America. She raised her voice against racism and on issues of gender. Her tenure at the UN has been marked by her strident campaign against Russia, Iran and Syria. Mr.Trump appreciated her service.

Minister Of State For Commerce Attends India and West Africa Conclave In Nigeria

President and Vice President of Nigeria along with Ministers and Delegation of West African countries are participating in the Conclave. About Nigeria Capital: Abuja, Currency: Nigerian naira.

Pakistan Test-Fires Nuclear-Capable Ghauri Ballistic Missile

The country successfully test-fired Ghauri ballistic missile capable of carrying both conventional and nuclear warheads up to a distance of 1,300 kilometers. The launch was conducted by Army Strategic Forces Command and was aimed at testing the operational and technical readiness.

India bagged 3 more gold medals in the Para Asian Games 2018 in Jakarta, Indonesia

India won three more gold on the third day of competitions at the Para Asian Games 2018 in Jakarta, Indonesia. India maintains its eighth spot. Ekta Bhyan in women’s F32/51 club throw event and Narayan Thakur in men’s T35 100m dash clinched gold. Manish Narwal, Indian para-shooter, bagged gold in the men’s SH1 10m air pistol event. So far, India has won 6 gold, 9 silver and 13 bronze medals in the Para Asian Games 2018.

Google To Shut Down Google+ For Consumers Over The Security Lapse

After a bug exposed the personal data of up to 5 lakh users, Google stated that it discovered and immediately patched” the bug in March 2018 but found “no evidence” that any data was actually misused. Google company reportedly disclose the security breach because it feared regulation. According to Google, Google+ currently has “low usage and engagement” and that 90 percent of Google+ user sessions last less than 5 seconds.

 

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