Daily Current Affairs - 06th Jan 2019

Andhra Pradesh govt bags CBIP award for Polavaram project

  • The Andhra Pradesh government bagged the Central Board of Irrigation and Power (CBIP) award for speedy execution of Polavaram multipurpose project on the Godavari river.
  • AP Water Resources Minister Devineni Umamaheswar Rao received the award in the category of "Best Implementation of Water Resources Project" for better planning, implementation and monitoring.

Bopanna serves big in Tata Open title win with Sharan

  • Indian pair of Rohan Bopanna's and Divij Sharan have won maiden ATP tour Tennis title at the Tata Open Maharashtra in Pune.
  • The top seeded Indians produced a dominating 6-3 6-4 win over British pair of Luke Bambridge and Jonny O'Maara.

Business tycoon Vijay Mallya declared fugitive economic offender by court

  • Vijay Mallya became the first Indian businessman to be declared a fugitive economic offender by a special court in Mumbai in a ruling that will likely empower government agencies to confiscate his properties in India and overseas.
  • According to the new law, a fugitive economic offender is a person against whom an arrest warrant has been issued for his or her involvement in economic offenses involving at least Rs. 100 crore or more and has left India to avoid prosecution.

Dues owed by wilful defaulters to PSBs double to Rs 1.5 trn in under 3 yrs

  • Outstanding loans against wilful defaulters of the public sector banks have almost doubled. It has risen 92 per cent to Rs 1.47 trn over a two-and-a-half-year period ended September 30, 2018.
  • A fourth of the total amount was owed by these defaulters to SBI on September 30, 2018, followed by PNB.

Fourth edition of Swachh Survekshan launched

  • The fourth edition of the annual cleanliness survey was launched in New Delhi. The Swachh Survekshan 2019 will be conducted across 4,237 towns and cities.
  • The objective of the Swachh Survekshan, which is being conducted by an independent third party, is to encourage large scale participation of citizens and to ensure sustainability of the initiatives taken towards garbage-free and open defecation-free cities.

Government amalgamates three RRBs into a single bank

  • The government has amalgamated three Regional Rural Banks -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with effect from January 1.
  • In a filing to the BSE, Punjab and Sind Bank said the central government, after consulting the sponsor banks of the three RRBs, felt that in the interest of the banks and the areas served by them, they should be amalgamated into a single RRB.
  • The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National Bank, State Bank of India and Punjab and Sind Bank.

Indian Panorama Film Festival inaugurated in New Delhi

  • Indian Panorama Film Festival, being organized by Directorate of Film Festivals, Ministry of I&B, was inaugurated at Siri Fort Auditorium II, New Delhi.
  • The opening feature film was ‘Olu’,

Iran approves anti-money laundering bill to ease foreign trade

  • A powerful Iranian council approved an anti-money laundering bill a major step towards reforms that would bring Iran into line with global norms and could facilitate foreign trade in the face of U.S sanctions.
  • Iran has been trying to implement standards set by the Financial Action Task Force (FATF), an inter-governmental organisation that underpins the fight against money laundering and terrorist financing.
  • Iran is alone with North Korea on the FATF´s blacklist

Irdai fines United India Rs 5 lakh for violating claims settlement, other norms

  • Insurance Regulatory and Development Authority of India (IRDAI) slapped a penalty of Rs 5 lakh on United India Insurance Co for violating norms regarding settlement of motor claims.
  • The Insurance Regulatory and Development Authority of India (Irdai) in an order said it had received a few complaints against the general insurer settling lesser amounts than the insured declared value in case of motor vehicle total loss/theft claims.

LS passes New Delhi International Arbitration Centre Bill

  • The Lok Sabha passed a bill to set up a new international arbitration centre here with an aim to make India its hub.
  • The New Delhi International Arbitration Centre Bill seeks to establish an independent and autonomous regime for institutionalized arbitration and for acquisition and transfer of undertakings of the International Centre of Alternative Resolution.

MGNREGA scheme faces fund shortage

  • The Mahatma Gandhi National Rural Employment Guarantee Act scheme is facing a severe fund crunch, with 99% of money allocated already exhausted three months before the end of the financial year, and 11 States and Union Territories having a negative net balance.
  • Studies analysing government data show that the scheme faces difficulties in meeting the demand for work and paying wages on time.
  • The scheme’s financial statement shows that as on Saturday, the total availability of funds was Rs. 59,032 crore. The total expenditure, including payment due, stands at Rs. 58,701 crore.

New Delhi World Book Fair's 27th edition kick-starts

  • The 27th edition of the New Delhi World Book Fair (NDWBF) began at Pragati Maidan in New Delhi.
  • To promote the idea of inclusive learning through a series of exhibitions of audio, silent, tactile and Braille books, the Book Fair’s theme is “Books for Readers with Special Needs”.
  • NDWBF has UAE's third largest emirate Sharjah as its 2019 guest of honour.

PM inaugurates Rs 2,391 Mandal dam project in Palamu

  • Prime Minister Narendra Modi inaugurated six irrigation projects in Jharkhand’s Palamu, Garhwa and Chatra districts.
  • The projects include Rs 2,391.36 crore Mandal dam that will provide irrigation to 19,604 hectare in Palamau and Garhwa districts, Jharkhand.

PM Modi inaugurated developmental works in Manipur

  • PM Narendra Modi inaugurated a slew of developmental works and laid the foundation stone for four projects during his visit to the North-Eastern state of Manipur.
  • At a large public meeting, he inaugurated the Integrated Check Post at Moreh. He also inaugurated the Dolaithabi Barrage Project, the FCI Food Storage Godown at Sawombung, and projects related to water supply and tourism.
  • He dedicated to the nation the 400 kV Double Circuit Silchar-Imphal Line.

Record third Hopman title for Federer

  • Roger Federer became the most successful player in Hopman Cup history after leading Switzerland to a 2-1 win in an enthralling final of the mixed teams tournament.
  • Federer became the first player to win three Hopman Cups, teaming with Belinda Bencic for the duo’s second consecutive title.

Time Capsule Buried to Preserve for 100 Years to Give Glimpse of Today’s Technology for Future Generations

  • A Time Capsule with items representing today’s technology and India’s scientific prowess was buried by Nobel Laureates Avram Hershko from Israel and F.Duncan M. Haldane from USA on the occasion of the on-going 106th Indian Science Congress at Lovely Professional University, Jalandhar.
  • The Time Capsule contains 100 items that represent modern-day technology as experienced in India. The Capsule made by students from various departments of Lovely Professional University, was buried at a depth of 10 feet and will remain buried for the next 100 years.