Daily Current Affairs - 10th Oct 2018

Asian Para Games: India clinch 11 medals including three gold

  • India bagged three more gold with two coming from athletics in a rich haul of 11 medals to maintain its 9th spot on the third day of competitions at the Para Asian Games in Jakarta. Ekta Bhyan and Narayan Thakur clinched a gold each in women's club throw event and men's 100 meters dash before para-shooter Manish Narwal bagged the gold in the men's 10 meter air pistol event.
  • India also secured three silver medals through Surender Aneesh Kumar in men's discus, Ram Pal in men's high jump and Virender in men's shot put.

BHEL bags orders worth Rs 2,900 cr from NTPC for supply of emission control equipments

  • Bharat Heavy Electricals Limited (BHEL) had bagged four orders valued at about Rs. 2,900 crore from NTPC for supply of emission control equipment . These orders involve supply and installation of flue gas de-sulphurisation systems for control of sulphur oxides emissions at NTPC’s North Karanpura, Mauda Stage-I, Barh Stage-I and Stage-II power projects

British scientists create 3D-printed meals

  • British scientists have created 3D-printed meals for a school in east London to inspire an interest in science subjects among young pupils. Scientists from the annual Big Bang Fair, which promotes science, technology and maths (STEM) subjects created dishes such as geometric fish and chips, cauliflower cogs and a pie in the shape of the mathematical constant of 'Pi' as part of the project

Centre to commemorate 550th birth anniversary of Guru Nanak Dev next year with events across the globe

  • The Union government will commemorate the 550th birth anniversary of Guru Nanak Dev next year with events across the globe. Special programmes will be organized in the country as well as in different parts of the world to mark the occasion.
  • The government has already decided to commemorate the 550th birth anniversary of Guru Nanak Dev as 'universal brotherhood year'.
  • The Committee also decided to commemorate the centenary of Jalliwanwala Bagh massacre, the 200th birth anniversary of Satguru Ram Singh and birth anniversary of 'Rajmata' Vijaya Raje Scindia next year

China to sell 48 armed drones to Pakistan

  • China will sell 48 high-end armed drones to its ally Pakistan which will be the largest deal of its kind, The drone, 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. These drones will also be jointly manufactured by China and Pakistan.
  • China is the largest supplier of weapon system to the Pakistan Army.
  • China:
  • President: Xi Jinping
  • Capital: Beijing
  • Currency: Renminbi

Govt. hikes interest for gratuity funds to 8%

  • The Centre has notified a higher interest rate of 8% for the non-government provident, superannuation, and gratuity funds, effective from October 1.The interest rate on these funds has been raised from 7.6%. The move comes on the back of a hike in small savings rates by up to 40 basis points for some schemes that was also made effective from October 1.

Hurricane Michael intensifies to category 3 storm, threatens Florida coast

  • Hurricane Michael has strengthened to a category three storm, with winds near 195 kmph as it churns towards the Florida coast in the southern US state. According to the National Hurricane Center, the storm is expected to make landfall today afternoon. Alabama, Florida and Georgia have declared states of emergency in all or parts of the states.

IMF predicts 7.3 % growth rate for India in current fiscal year

  • The International Monetary Fund (IMF) in its latest World Economic Outlook Report has predicted a growth rate of 7.3 per cent for India in the current year and 7.4 per cent in 2019. In 2017, India had recorded a 6.7 per cent growth rate. The prediction is lower due to recent increase in oil prices and the tightening of global financial conditions.
  • India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform.
  • The report further stated that important reforms have been implemented in recent years in India, including the Goods and Services Tax, the inflation-targeting framework, the Insolvency and Bankruptcy Code, and steps to liberalise foreign investment and make it easier to do business.

Indian roads claim more cyclists

  • According to the Ministry of Road Transport and Highways’ annual report on road accidents, pedestrians and cyclists suffered the biggest spike in fatalities in road accidents across the country in 2017.
  • The number of pedestrians killed in road accidents jumped by 29.9% to 20,457 and the number of cyclists killed surged by 37.7% to 3,559.
  • Pedestrians and cyclists together accounted for 16.2% of the total fatalities in road accidents during 2017.
  • Almost 7 out of 10 two-wheeler and four wheeler users who died in an accident did not follow the mandatory requirement of wearing helmets and seat belts. Tamil Nadu topped in number of accidents, while U.P. had the most fatalities.
  • While the total number of accidents dropped 3.3% in 2017 to 4.64 lakh, with the overall number of lives lost in these crashes declining 1.9% to 1.47 lakh, from 1.5 lakh in 2016.

Indonesia earthquake & Tsunami: Death toll rises to over 2,000

  • In Indonesia,the death toll from the Sulawesi island earthquake and tsunami has risen to over 2,000 in the September 28 disaster. Victims feared buried in mud and rubble in the three hardest-hit neighborhoods of Palu city.
  • Indonesia
  • President: Joko Widodo
  • Capital: Jakarta
  • Currency: Indonesian rupiah

Lockheed and Tata meet local suppliers to source F-16 parts

  • Lockheed Martin, Tata Advanced Systems, and Tier-I suppliers of its F-16 fighter, met with about 70 Indian micro, small and medium enterprises to gauge the potential for making components for the aircraft in India.
  • Exclusive F-16 production integrates Indian industry into a $165-billion fighter aircraft sustainment market.
  • Lockheed Martin recently announced it would partner with Tata Advanced Systems, a wholly-owned subsidiary of Tata Sons, to commence production of F-16 wings in India.
  • Current F-16 industry partners include GE, Terma, Honeywell, Fokker, Israeli Aerospace Industries, Elbit, UTC, Terma, Eaton, Moog, Parker, and other global defence industry leaders.

Malaysian PM campaigns for successor and former foe Anwar

  • Malaysian Prime Minister Mahathir Mohamad is campaigning for his designated successor and former foe Anwar Ibrahim, urging voters to support his return to active politics. Mahathir, 93, was elected a second time to the premiership, becoming the world's oldest elected leader in Malaysia's first transition of power between parties since independence from Britain in 1957.
  • Malaysia
  • Prime minister: Mahathir Bin Mohamad
  • Capital: Kuala Lumpur
  • Currency: Malaysian ringgit

Nikki Haley resigns as US Ambassador to United Nations

  • Indian-American Nikki Haley has resigned as the US Ambassador to the United Nations. Her resignation just ahead of the crucial mid-term elections in November came as a shock and surprise to the American foreign policy and national security experts. Ms Haley, who is considered as a moderate Republican alternative to Trump, ruled out a 2020 Presidential bid and said that she would be campaigning for Trump's re-election in two years from now.

Rabindranath Tagore Memorial Auditorium dedicated to people in Sri Lanka

  • In Sri Lanka, the Rabindranath Tagore Memorial Auditorium built with Indian grant assistance of 30 crore Sri Lankan rupees was dedicated to the people in a special function. The state of art auditorium with 1500 seating capacity has been designed by the famous Sri Lankan architect Geoffrey Bawa to conform to the philosophy of “Tropical Modernism”.
  • The auditorium named after Gurudev Rabindranath Tagore is a symbol of cultural links with India and upholds his legacy.

SBI to triple asset purchase from NBFCs

  • State Bank of India (SBI) has decided to triple the target for loans it purchases from non-banking finance companies (NBFCs). The move is expected to provide much-needed liquidity to these entities.
  • It had earlier planned to buy Rs. 15,000 crore worth of portfolio from NBFCs. It has now decided to raise the purchases by another Rs. 20,000 crore to Rs. 30,000 crore.
  • Currently, the NBFC sector is facing a liquidity crunch since the IL&FS crisis broke out a month ago. NBFCs depend heavily on banks for funds, they also have to contend with higher interest rates. As a result, some of the NBFCs have decided the increase the cost of funds to customers.

Several parts of coastal Odisha to receive rain under cyclonic storm 'Titli'

  • With cyclonic storm 'Titli' moving towards Odisha-Andhra Pradesh coast, the India Met department has issued a red in some coastal districts of Odisha for today and tomorrow, forecasting heavy to very heavy rainfall at several places and extremely heavy rainfall at isolated areas.
  • The cyclonic storm Titli lays centred at about 410 km southeast of Gopalpur in Odisha and 340 km east-southeast of Kalingapatnam in Andhra Pradesh. It is likely to intensify into a severe cyclonic storm during next 12 hours and expected to cross Odisha and adjoining Andhra Pradesh coasts tomorrow morning.
  • During previous cyclones such as Phailin in 2013 and Hudhud in 2014, the government had ensured zero casualty and earned laurels from the United Nations for successful disaster management.

Tennis: Halep, Osaka among WTA award nominees

  • World No. 1 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 Comeback Player-of-the-Year award along with Belinda Bencic (Sui), Bethanie Mattek-Sands (USA) and Ajla Tomljanovic (Aus).
  • Other award nominees: Most-Improved-Player: Kiki Bertens (Ned), Julia Goerges (Ger), Daria Kasatkina (Rus), Elise Mertens (Bel), Wang Qiang (Chn), and Aliaksandra Sasnovich (Blr). Newcomer-of-the-Year: Amanda Anisimova (USA), Danielle Collins (USA), Mihaela Buzarnescu (Rou), Sofia Kenin (USA) and Aryna Sabalenka (Blr).

Ukraine launches large-scale air exercises with NATO countries

  • Ukraine began a series of large-scale air force exercises with the United States and other NATO countries. The "Clear Sky 2018" war games, which will run until October 19, are being held in western Ukraine.
  • Some 700 troops are taking part, half of them from NATO member countries including the United States, Britain, the Netherlands, Poland and Romania.
  • In recent years, concerns have risen about Russia's intentions in Ukraine, particularly after its annexation of the Crimean peninsula in 2014. The conflict has already killed more than 10,000 people since April 2014.
  • Ukraine:
  • President: Petro Poroshenko
  • Capital: Kiev
  • Currency: Ukrainian hryvnia

WhatsApp builds payments data system for local storage

  • Facebook-owned Whatsapp said it had built a system in India to store payments related data locally. This was done in order to comply with RBI’s data localisation norms of the October 15 deadline.
  • The Reserve Bank of India (RBI), in April this year, had directed payment system operators to store all data, including full end-to-end transaction details and information collected, within India. The service providers were given six months till October 15 to comply.
  • Domestic payment services providers such as Paytm have welcomed the RBI move, while most global players and industry experts have opposed it.

Youth Olympics: Jeremy Lalrinnunga wins the first gold for India

  • Jeremy Lalrinnunga has won the first gold medal for India at the Youth Olympics in Buenos Aires, Argentina by lifting a combined weight of 274kgs in the Men's 62kg Group A event of weightlifting. This is India's fourth medal in Argentina with Shahu Tushar Mane, Mehuli Ghosh and Tababi Devi Thangjam winning silver medals in shooting and judo, respectively.
  • Meanwhile, air pistol ace Manu Bhaker clinched gold in the Youth Olympics. After topping qualification with 576 out of 600, Manu stayed in the lead for most part of the final. She eventually shot 236.5 for the gold.