Daily Current Affairs - 12th Jan 2018

Blind Cricket World Cup: India beat Sri Lanka by 6 wickets

  • Deepak Malik scored an unbeaten 179 off 103 balls as India beat Sri Lanka by six wickets in their opening match of the ODI Blind Cricket World Cup in the UAE.
  • India won the toss and elected to field. Sri Lanka had set the target of 358 with the loss of eight wickets in 40 overs.
  • Indian team chased the target in 32 overs with the loss of four wickets. Malik was named Man of the Match.

CABE committee recommends free education for girls up to PG level

  • The Central Advisory Board of Education (CABE) has decided to recommend free and compulsory education for girls up to post-graduate level across the country. The committee will also recommend establishing of exclusive residential degree colleges for SC and ST women besides provision of health and hygiene kits to girls.
  • The committee also wants schools to maintain an academic atmosphere, besides providing basic amenities like toilets, running water, maintenance, safety measures and power supply and also appoint a counsellor for adolescent girls.
  • The sub-committee is likely to submit an interim report to Union Minister for Human Resource Development Prakash Javadekar during a meeting on January 15.

Cabinet approves MoU between India and Canada for cooperation in Science & Technology

  • The Union Cabinet chaired by PM Modi has approved a Memorandum of Understanding (MoU) with Canada for cooperation in Science & Technology. The MoU will provide a mechanism and help to foster scientific cooperation between R&D and academic institutions of India and Canada.
  • The R&D projects will be aimed at accelerating social transformation by providing solutions through application of science and technology. The participants will include researchers from scientific organizations, academia and R&D laboratories from India and Canada.
  • Identified areas of mutual cooperation include safe and sustainable infrastructure and integrated water management.
  • Canada:
  • Prime Minister: Justin Trudeau
  • Capital: Ottawa
  • Currency: Canadian dollar

Coast Guard patrol vessel commissioned at Karaikal

  • A state-of-the-art patrol vessel of the Indian Coast Guard has been commissioned at Karaikal in the Union Territory of Puducherry. The patrol vessel 'Charlie-435' equipped with modern navigation and communication systems was commissioned by Puducherry Chief Minister V Narayanasamy.
  • The vessel would strengthen coastal security between Chennai and Kanyakumari in the Eastern Coastal region.The patrol vessel would be of great help in rescuing fishermen who go adrift in the sea due to bad weather.

Election Commission panel to suggest changes to RP Act

  • Election Commission has constituted a 14-member committee to suggest changes to Section 126 of the Representation of the People Act in view of social media expansion. The Act prohibits poll campaign in the last 48 hours of voting.
  • The Committee chaired by Senior Deputy Election Commissioner Umesh Sinha will study the impact of social media during the silence period and suggest modifications to the election law and model code of conduct.
  • Chief Election Commissioner:Achal Kumar Jyoti
  • Election Commissioner: Sunil Arora
  • Election Commissioner: Om Prakash Rawat

India misses Kala Azar elimination deadline

  • India has missed the 2017 deadline that Finance Minister Arun Jaitley had announced for elimination of Kala Azar (black fever) in his Budget speech last year. In fact, endemic blocks have increased from 61 to 68 in 17 districts of Bihar and Jharkhand.
  • Elimination is defined as reducing the annual incidence of Kala Azar (KA) to less than 1 case per 10,000 people at the sub-district level.
  • Visceral leishmaniasis (VL), also known as kala-azar, black fever, and Dumdum fever, is the most severe form of leishmaniasis and, without proper diagnosis and treatment, is associated with high fatality. Leishmaniasis is a disease caused by protozoan parasites of the Leishmania genus.

India, U.K. hold trade talks in Brexit’s shadow, eye FTA

  • Union Commerce and Industry Minister Suresh Prabhu held talks with his British counterpart, International Trade Secretary Liam Fox as the two countries look for opportunities to boost trade and investment, including via a potential Free Trade Agreement, as Britain prepares to leave the European Union.
  • As part of its efforts to strengthen trade, Britain’s export credit agency U.K. Export Finance has doubled financial support for British firms that export to India.
  • The UKEF has now made £4.5 billion available to British companies exporting to India and Indian firms buying British goods and services. While Britain is unable to hold formal trade talks with countries outside the EU till it leaves the union.

Indu Malhotra to be directly promoted as Supreme Court Judge

  • Senior advocate Indu Malhotra is set to make history as the first woman lawyer to be directly appointed as a judge of the Supreme Court. Ms. Malhotra will be the seventh woman judge in the Supreme Court, since it was established 67 years ago. She joined the legal profession in 1983 and later secured first position in the Advocate-on-Record exam for the Supreme Court.
  • In 2007, she became the second woman to be designated as a senior advocate by the Supreme Court only after the legendary Justice Leila Seth, who was given the honour in 1977.
  • Justice R. Banumathi is the lone woman judge in the Supreme Court which currently has a strength of 25 judges.
  • In 1989, Justice M. Fathima Beevi became the first woman judge in the Supreme Court. With only five women judges being appointed as Supreme Court judge till now.

IndusInd Bank net rises 25%, vehicle finance to see ‘boom’

  • Private sector lender IndusInd Bank reported a 25% increase in net profit to Rs. 936.15 crore for the quarter ended December 30 on the back of healthy credit growth. Its net interest income (NII) grew by 20% to Rs. 1,895 crore on the back 25% year-on-year credit growth, while non-interest income growth was 17% to Rs. 1,187 crore.
  • The bank saw deposit growth of 23% with savings deposits growing at 68%.The other is vehicle finance, which saw a 34% increase in our disbursements on overall vehicle finance.
  • MD & CEO IndusInd Bank: Romesh Sobti

IRDAI plans to revoke form for life products

  • Insurance regulator IRDAI plans to withdraw the standard format for life insurance proposal form. Presently, life insurers file proposal forms with IRDAI which is reviewed under the File and Use procedure at the time of product clearance.
  • The proposal forms are customised by life insurers for the specific products and there is no useful purpose served by mandating a uniform proposal form format for all companies and products. The insurers had also pointed to the huge cost involved in recasting all existing proposal forms and insurer systems.
  • IRDA, Chairman: T.S. Vijayan

Israel PM Netanyahu to arrive on six-day visit to India

  • Prime Minister of Israel Benjamin Netanyahu will be on a six-day visit to India from coming Sunday. Mr Netanyahu will be accompanied by a business delegation. He will attend the Raisina Dialogue in New Delhi besides meeting with Prime Minister Narendra Modi. The visit marks the high point of the 25th anniversary of normal diplomatic ties between the two countries.
  • Agriculture and water are the major strategic cooperation areas between the two nations and India will further like to expand the cooperation in these areas. The bilateral trades between the two countries is 5 billion US dollar.
  • Netanyahu will be the second Israeli Prime Minister to visit India; Ariel Sharon was the first Israeli PM to visit India in 2003.
  • Raisina Dialogue is a multilateral conference held annually in New Delhi. The conference has emerged as India’s flagship conference on geopolitics and geo-economics. The conference is hosted by the Observer Research Foundation, an independent think tank, in collaboration with the Government of India, Ministry of External Affairs.
  • The name “Raisina Dialogue” comes from Raisina Hill, an elevation in New Delhi that is home to the Government of India.

K Sivan appointed new ISRO Chairman

  • Sivan, Director of the Vikram Sarabhai Space Centre, will be the new Chairman of the Indian Space Research Organisation (ISRO). The Appointments Committee of the Cabinet has approved Sivan’s appointment, who contributed immensely to the development of PSLV and GSLV rockets. Sivan, who would replace current ISRO chief AS Kiran Kumar, will have a tenure of three years.
  • An alumunus of the Madras Institute of Technology and the Indian Institute of Science, Bengaluru, Sivan designed SITAR, a software that ISRO uses to simulate the trajectories of the rockets and track them in real-time.
  • ISRO all set to begin the new calender year with the launch of 31 satellites on January 12 in its PSLV C-40.

National Women's Boxing Championships: Sarita Devi, Sonia Lather advance to finals

  • Former world and Asian champion L Sarita Devi (60kg) and world silver-medallist Sonia Lather (57kg) advanced to the finals of the National Women's Boxing Championships in Rohtak. Sarita defeated Haryana's Monika 5-0 to set up a clash with Railways Sports Promotion Board's Pavitra.
  • Sonia defeated All India Police's Sandhya Rani 5-0. She will be up against reigning youth world champion Shashi Chopra,

Niti Aayog to provide rankings to 115 aspirational districts

  • Government Think Tank Niti Aayog will provide rankings to the 115 aspirational districts. The Aayog said the ranking will be on 10 parameters which will include nutrition, education and health among others.
  • It will also set up a mechanism for real-time monitoring of government's development programmes by April 2018. It will create a dashboard which will reflect the change in ranking of districts on continuous basis by the end of March this year.
  • Prime Minister Narendra Modi had asked collectors and officers-in-charge of the 115 aspirational districts to come up with pioneering innovations to achieve visible results for development by April 14, the birth anniversary of B R Ambedkar.
  • Chairman: Narendra Modi
  • Vice Chairman: Rajiv Kumar
  • CEO: Amitabh Kant

Tax authorities attach benami properties worth Rs. 3,500 crore

  • The Income Tax Department had stepped up action under the Prohibition of Benami Property Transactions Act that provides for provisional attachment and subsequent confiscation of benami properties. The tax department so far made provisional attachment in more than 900 cases of ‘benami’ properties worth more than Rs. 3,500 crore.
  • The Act also allows for prosecution of the beneficial owner, the benamidar and the abettor to benami transactions, which may result in rigorous imprisonment up to seven years and a fine up to 25% of fair market value of the property.

TCS net falls 3.6% on fragile BFSI

  • Tata Consultancy Services (TCS), India’s largest information technology (IT) firm, posted a 3.6% decline in net profit to Rs. 6,531 crore crore for the third quarter ended December on the back of rising cost of revenues and weakness in the banking and financial services (BFSI) sector.
  • In the quarter, revenue grew 3.9% year-on-year to Rs. 30,904 crore which is considered a seasonally weak quarter for the IT sector. Cost of revenues, or expenses, grew 5.83% to Rs. 17,862 crore.
  • Total headcount in TCS stood at 3,90,880, with gross addition of 12,534 employees and net addition of 1,667 employees
  • CEO and MD: Rajesh Gopinathan

Telecom subscriber base falls

  • As per a report by the Telecom Regulatory Authority of India (TRAI), the number of telecom subscribers decreased by 1.58 crore to 118.5 crore in November, even as Reliance Jio continued to lead in customer addition with over 15 crore subscribers. As the decline was mainly on account of closure of mobile services by some of the operators.
  • The number of telephone subscribers in India declined from 1,201.72 million at the end of October 2017 to 1,185.88 million at the end of November 2017, thereby showing a monthly decline rate of 1.32 per cent.
  • TRAI Chief: R.S.Sharma