Current Affairs

 On the 62nd death anniversary of B R Ambedkar, Social Justice and Empowerment minister Thaawarchand Gehlot launched the website of a first-of-its-kind media school, Dr. Bhim Rao Ramji Ambedkar School Of Media Empowerment (ASME), to train Dalit and tribal youth in journalism. The media school, ASME supported by the Indian Institute of Mass Communication (IIMC), will have its branches in Pune, Assam, Uttarakhand, and other regions. The Punebranch will begin shortly.
Source: The Business-Standard

 Team Italy won the Admiral’s Cup 2018. The ninth edition of ‘Admirals Cup’ Sailing Regatta (2018) concluded with a glittering closing ceremony at Ettikulam Beach at Indian Naval Academy (INA), Ezhimala. Team Singapore was the Runners-Up and Team USA came third. The host country team (Indian Naval Academy) finished fourthin the overall position of Admiral’s Cup 2018.
Source: Press Information Bureau

  NITI Aayog organised ‘AI 4 All Global Hackathon’ to source sustainable, innovative and technologically-enabled solutions to address various challenges in the development space, with the vision of ‘Artificial Intelligence, AI for All’.  Taking the initiative forward, NITI Aayog is now partnering with Perlin – a Singapore-based AI start up – to launch the ‘AI 4 All Global Hackathon’, and is inviting developers, students, start-ups and companies to develop AI applications to make significant positive social and economic impact for India.
Source: Press Information Bureau

 Export-Import Bank of India (Exim Bank) has extended a credit facility of USD 500 million to Tanzania for water supply projects in the country. Exim Bank signed an agreement in May 2018, with the Tanzania government for making available aGovernment of India-supported line of credit of USD 500 million for the purpose of financing water supply schemes. Under this agreement, of the total credit by Exim Bank, goods and services of the value of at least 75% of the contract price shall be supplied by the seller from India.
Source: News on AIR

 Luxembourg is set to become the first country in the world to make all public transport free, implementing the move in 2020. The move is aimed at addressing environmental issues and the problem of traffic congestion. Earlier, Luxembourg introduced free transport for all people under the age of 20.
Source: The Guardian

  A former senior Indian diplomat, Preeti Saran, has been elected unopposed to an Asia Pacific seat on the UN’s Committee on Economic, Social and Cultural Rights (CESCR). Saran was elected to the CESCR for a four-year term beginning on the 1st of January 2019. All States are obliged to submit regular reports to the committee on how the rights are being implemented. The committee examines each report and addresses its concerns and recommendations to the State party in the form of concluding observations. The panel meets in Geneva and holds two sessions per year.
Source: Air World Service

 The government appointed Dr. Krishnamurthy Subramanian as the new Chief Economic Advisor. Dr. Subramanian will have a tenure of three years. The Appointments Committee of the Cabinet has cleared his name. He is currently working as an Associate Professor at the Indian School of Business, Hyderabad. A Ph.D. from the University of Chicago Booth School of Business and a top-ranking IIT-IIM alumnus, Subramanian is one of the world’s leading experts in banking, corporate governance and economic policy.
Source: News on AIR

 Ministry of New and Renewable Energy, Government of India has been conferred the Skoch Award for National Significance at an event held recently in New Delhi. The award was received by Secretary, Ministry of New Renewable Energy Shri Anand Kumar. The award has been conferred on the Ministry considering its purpose and critical role played in installing about 73 GW renewable energy capacity in the country.
Source: Press Information Bureau

 The Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa, hosted the annual Startup India Venture Capital Summit in Goa. The theme of the Summit was ‘Mobilizing Global Capital for Innovation in India.’ The event showcased the Indian startup opportunity for funds from around the world. The key objectives of the Summit were to showcase the India opportunity, increase capital flow for Indian startups and further promote ease of doing business.
Source: Press Information Bureau

 Paisabazaar.com, India’s largest online marketplace for financial products has launched an industry-first feature that will help loan applicants choose their most-suited lender on its platform. Named ‘Chance of Approval’, this advanced predictive algorithm has been created by Paisabazaar.com by using the last four years of lending data. While this is the first such initiative in India, globally a few leading players, like Credit Karma in the US, have developed similar features to improve the acceptance rate on their platforms.
Source: The Business Standard


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