Daily Current Affairs - 17th Feb 2018

Cauvery water dispute: SC raises Karnataka's share by 14.7 bn cubic feet

  • The Supreme Court increased Karnataka’s share of the Cauvery waters by 14.7 billion cubic feet (bcft). It reduced Tamil Nadu’s share and compensated the state by allowing it to extract 10-bcft groundwater from the river basin, saying the issue of drinking water had to be placed on a “higher pedestal”.
  • Tamil Nadu and Karnataka will be annually entitled to 404.25 bcft and 284.75 bcft, respectively. Kerala and Puducherry will be entitled to 30 bcft and 7 bcft of Cauvery waters, respectively.

Ending licences anti-competitive: Index provider MSCI slams Indian bourses

  • Global index provider MSCI has slammed Indian exchanges’ decision to terminate licensing and data-feed agreements with their global counterparts.
  • MSCI Inc, a global leading provider of research-based indexes and analytics, wants Indian exchanges to reconsider their decision of not sharing market feed with foreign exchanges as it feels the move is disruptive and harmful for international investors.
  • On February 9, the National Stock Exchange (NSE) and BSE — India’s two main exchanges — and MSE had said in a joint release that they were discontinuing their data-feed tie-ups with foreign exchanges to prevent offshore trading in domestic securities.

Ethiopia declares national state of emergency

  • A state of emergency has been declared in Ethiopia after the resignation of Prime Minister Hailemariam Desalegn.
  • Ethiopian Broadcasting Corporation citing a decision by the Council of Ministers said in Addis Ababa that a state of emergency has been declared as of now.
  • In August 2017, Ethiopia lifted a 10-month state of emergency imposed after hundreds of people were killed in anti-government protests.

India beat South Africa by eight wickets; clinches series by 5-1

  • India beat South Africa by 8 wickets in the sixth and final One-Day International match at Centurion.
  • Chasing a target of 205 runs, India made 206 runs for the loss of 2 wickets in the 33rd over.
  • Earlier put in to bat, South Africa were all-out for 204 in 46.5 overs.

India's second lunar mission Chandrayan-2 to be launched in April

  • Minister of Atomic Energy and Space, Dr Jitendra Singh has said that the India will send its second mission to the moon - Chandrayan-2 in April this year.
  • Dr Singh said in New Delhi that the mission will cost around 800 crore rupees which includes cost of orbiter, lander and rover.

Ministry of Railways directs Zonal Railways to discontinue pasting reservation charts on train coaches for 6 months starting from 1st March, 2018.

  • Ministry of Railways has directed Zonal Railways to discontinue pasting of reservation charts on the reserved coaches of all trains at all erstwhile A1, A & B category stations as a pilot project for 6 months starting from 1st March, 2018.
  • Physical/digital charts will continue to be displayed at the platform of the train. At those stations where electronic charts display plasma have been installed and the same are functioning properly, physical reservation charts at such platforms can be stopped.

MoU Signed between Botanical Survey of India and Natural History Museum, UK

  • Botanical Survey of India (BSI) and Natural History Museum (NHM), UK signed a Memorandum of Understanding for cooperation in the field of genetic/taxonomic studies, research and training, conservation in India, including species and habitat conservation assessments.
  • The MoU will pave the way for BSI staff to work in Natural History Museum, London and vice-versa and they will share fairly and equitably the benefits that may arise from the collection, study and conservation of the plant materials such as seeds, herbarium specimens and tissue samples and exchange associated data and images.

Poll candidates must show source of income: Supreme Court

  • The court made it mandatory for candidates contesting elections and their associates to declare their assets and source of income at the time of nomination.
  • The obligation of a candidate to disclose both his assets and the source of income is a part of the fundamental right of citizen to know, under Article 19 (1) (a) of the Constitution. The court said enforcement of a citizen’s fundamental right needs no statutory sanction from the government or the Parliament.
  • The court said India as a “socialist republic” believes in the distribution of material resources and not in the concentration of wealth.

PSBs reported 8,670 loan fraud cases over last five fiscal years: RBI data

  • Reserve Bank of India (RBI) data, shows state-run banks have reported 8,670 “loan fraud” cases totalling ?612.6 billion ($9.58 billion) over the last five financial years up to March 31, 2017.
  • In India, loan frauds typically refer to cases where the borrower intentionally tries to deceive the lending bank and does not repay the loan. The figures expose the magnitude of the problem in a banking sector already under pressure after years of poor lending practices.
  • Bank loan frauds have steadily increased as well, reaching ?176.34 billion in the latest financial year from ?63.57 billion in 2012-13, according to the data, which doesn’t include the Punjab National Bank (PNB) case.

Security conference begins in Munich

  • World leaders and Ministers are meeting in Munich to discuss pressing security issues, including North Korea's nuclear and missile programs and the Syrian civil war. The annual Munich Security Conference opened in the southern Germany city.
  • The issue of North Korea's nuclear weapons development program is high on the agenda.
  • The Munich Security Conference is an annual conference on international security policy that has taken place since 1963.

Stable outlook for solar & wind energy, negative for thermal: Ind-Ra

  • Favourable policies and funding mechanism would help in sustained growth of the solar and wind sectors, India Ratings (Ind-Ra) observed in its latest report.
  • At the same time, it maintained a negative outlook for the thermal power sector as there is no visibility on long term power purchase.
  • Ind-Ra revised the outlook on the wind sector to stable from negative and maintained a stable outlook on the solar sector.

Union government to set up 562 more Ekalavya schools

  • The Centre will set up 562 more Ekalavya Model Residential Schools in tribal areas of the country.
  • Tribal Affairs Minister Jual Oram said the government is committed to providing quality education to tribal children and it has been announced in the Budget that by the year 2022, every block with at least 20 thousand tribal persons, will have an Ekalavya School.
  • The Tribal Affairs Ministry has been allocated an amount of six thousand crore rupees for new financial year. In 2017-18, it received over 5329 crores rupees.

US Senate rejects key immigration bills: 'Dreamers', Trump's wall in limbo

  • The US Senate rejected a series of bills to protect “Dreamer” immigrants leaving in limbo the future of 1.8 million young adults brought to the United States illegally as children.
  • The Senate failed to get the 60 votes needed to move forward on four separate proposals, including one backed by President Donald Trump and a bipartisan bill that had been considered the most likely to survive the deeply divided Senate.

Women's Cricket: India beat South Africa by 9 wickets in 2nd T-20 match

  • Indian Women have won their second Twenty20 cricket match against South African Eves by nine wickets. At East London today, after restricting the hosts to a modest score of 142 for seven, India easily overhauled target by making 144 for one in 19.1 overs.
  • Mithali Raj remained unbeaten on 76 which came off 61 balls.

World Sustainable Development Summit 2018 held in New Delhi

  • The 2018 edition of World Sustainable Development Summit (WSDS 2018) was held at VigyanBhawan in New Delhi. It was inaugurated by Prime Minister Narendra Modi.
  • WSDS is flagship forum of The Energy and Resources Institute (TERI). It seeks to bring together global leaders and thinkers in the fields of sustainable development, energy and environment sectors on common platform.
  • The theme of WSDS 2018 is ‘Partnerships for a Resilient Planet’.

Yuki Bhambri meets No.1 seed Jordan Thompson in Chennai Open final

  • India's second-seeded Yuki Bhambri will meet number one seed Jordan Thompson of Australia in the final of the Chennai Open ATP Challenger tennis tournament in Chennai open ATP Challenger tennis tournament in Chennai.
  • Bhambri got the better of Korea’s Duckhee Lee, the third seed, 7-5, 6-2 in one hour and 25 minutes while Thompson beat unseeded Spaniard Pedro Martinez 6-1, 7-6.