Daily Current Affairs - 03rd Oct 2018

IBSAMAR-VI starts at Simons Town, South Africa

  • The sixth edition of IBSAMAR, a joint Multi – National Maritime Exercise between the Indian, Brazilian and South African Navies, is being held at Simons Town, South Africa.
  • The aim of the exercise is to undertake collective training for participating navies, building interoperability and mutual understanding as well as sharing of best practices.

India not in favor of reopening some clauses of Paris agreement: Environment Secretary

  • India is not in favor of reopening some clauses of the Paris agreement on climate change and this has been largely accepted. Environment Secretary CK Mishra said India will not be adversely impacted in the wake of the Trump administration pulling out of the historic climate agreement.
  • The Paris agreement aims to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below two degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.

India Under-19 enter semifinal of Asia Cup

  • In Cricket, India Under-19 entered the semifinal of the Asia Cup. India defeated Afghanistan Under-19 by 51 runs in their last Group-A match.
  • In the semifinal, India will take on Bangladesh and Sri Lanka will meet Afghanistan.

Iraq Parliament elects Barham Salih as new president

  • Iraq's Parliament has elected a veteran Kurdish Politician Barham Salih as the country's new President.
  • He has named Shiite Adel Abdul Mahdi as Prime Minister of the country.
  • The new President will have 15 days to task the nominee of the largest parliamentary bloc with forming a new government. The Prime Minister-designate will then have 30 days to submit his cabinet to parliament.
  • Iraq Capital: Baghdad
  • Currency: Iraqi dinar

Laser pioneers win Physics Nobel

  • Three scientists won the Nobel Physics Prize, including the first woman to receive the prestigious award in 55 years, for inventing optical lasers that have paved the way for advanced precision instruments used in corrective eye surgery.
  • Arthur Ashkin of the U.S. won one half of the nine million Swedish kronor (about $1.01 million) prize, while Gerard Mourou of France and Donna Strickland of Canada shared the other half.
  • Mr. Ashkin, 96, was honoured for his invention of “optical tweezers” that grab particles, atoms, viruses and other living cells with their laser beam fingers. Meanwhile Mr. Mourou, 74, and Ms. Strickland, 59, won for helping develop a method to generate ultra-short optical pulses.

Manipur women win National crown

  • Manipur beat host Odisha 2-1 in the final to win the senior women’s National football championships for the 19th time here.
  • In the semifinals, Manipur had beaten Railways 4-3 in a penalty shootout, while Odisha dethroned Tamil Nadu 4-3.

Manu Bhaker Named India’s Flag-Bearer At Youth Olympic Games

  • Manu Bhaker was named as the flag-bearer of the Indian contingent for the 3rd Youth Olympic Games to be held in Buenos Aires, Argentina from October 6-18. Goa Olympic Association Secretary Gurudutta D Bhakta will be the Chef-de-Mission of the contingent.

Manufacturing PMI rises to 52.2 in September 2018

  • The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in September from 51.7 in August. A reading above 50 indicates an expansion while one below 50 denotes a contraction.
  • A significant driver of the growth in activity in September was the growth in new orders, and it was linked to gains in both domestic and foreign demand.

Odisha launches own food security scheme

  • The Naveen Patnaik government launched its own food security scheme on the occasion of Gandhi Jayanti, benefiting 25 lakh people who were left out of the National Food Security Act.
  • The beneficiaries will get 5 kg of rice per person per month at the rate of Rs. 1 per kg.
  • The State government had decided to launch its own food security scheme after the Centre did not respond to its request to add additional beneficiaries under the NFSA.

Paytm tops UPI payments with over 33% market share

  • Alibaba and Soft Bank-backed Paytm became the leading contributor to Unified Payments Interface (UPI) payments with over 33% of overall market share.
  • In September 2018, it registered over 137 million UPI transactions. More than 20 per cent of all payments on Paytm are made using BHIM UPI for mobile recharge and payments, electricity and water bills and DTH recharges.

PM inaugurates first assembly of the International Solar Alliance

  • Prime Minister, Mr. Narendra Modi, inaugurated the first Assembly of the International Solar Alliance at New Delhi.
  • India is targeting 40 per cent of electricity generation from non-fossil fuel-based resources by 2030 as it looks to tap vast solar and wind potential to replace reliance on polluting coal to meet its energy needs.
  • Modi said he saw the 121-country International Solar Alliance as the future OPEC for meeting energy needs of the world.
  • Opec led by Saudi Arabia currently meets close to half of the world's oil needs.

President Ram Nath Kovind, PM Modi pay tributes to Mahatma Gandhi, Lal Bahadur Shastri on their birth anniversaries

  • President Ram Nath Kovind and Prime Minister Narendra Modi paid tributes to Mahatma Gandhi at Rajghat on his birth anniversary, urging the people to rededicate themselves to the values espoused by the leader and fulfill his dreams.
  • Prime Minister Narendra Modi paid tributes to former Prime Minister Lal Bahadur Shastri at Vijay Ghat on his birth anniversary.

SBI Reduces ATM Withdrawal Limit

  • State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. There is no change in the daily withdrawal limits on other cards. The new limit will be effective from October 31st 2018.
  • The bank has been receiving many complaints regarding cloning and the decision is taken to reduce the withdrawal limit on these cards to check fraudulent transactions.

UPSC allows facility of withdrawal of applications by candidates

  • The Union Public Service Commission (UPSC) has allowed the facility of withdrawal of applications by candidates. The arrangement will be implemented beginning with Engineering Services Examination, 2019.
  • The Chairman said that UPSC’s experience with the Civil Services Examination is that roughly 50% of the 10 lakh plus candidates who fill in the application forms for the Preliminary examination actually write the examination. “The Commission has to book venues, print papers, hire invigilators and ship the documents for all the 10 lakh applicants – which turns out to be a 50% waste of energy and resources”

Venkaiah Naidu inaugurates ‘World Peace’ monument

  • Vice-President M. Venkaiah Naidu inaugurated the world’s largest dome at the Maharashtra Institute of Technology (MIT)’s World Peace University (MIT-WPU) campus at Loni Kalbhor on the 150th birth anniversary of Mahatma Gandhi.
  • Institute authorities have said the structure, called the ‘World Peace Monument’ dome, took nearly 13 years to be build. At 160 ft. in diameter and 263 ft tall, it is larger in area than the dome at St. Peter’s Basilica in Vatican City.