Current Affairs

Vice President M Venkaiah Naidu was on a five-day visit to South America's Guatemala, Peru and Panama.Bilateral trade and investments were discussed during the visit. This was the Vice President's first overseas visit after assuming office. He was be accompanied by a high-level delegation, including Minister of State for Tribal Affairs Jasvantsinh Sumanbahi Bhabhor.
1. On 1st Leg Visited Guatemala: Vice President M Venkaiah Naidu arrived in Guatemala on the first leg of his three-nation tour to Latin America. During his stay in Guatemala city, Mr Naidu met the leadership of the nation. A pact has been signed between India and Guatemala for strengthening diplomatic cooperation through Respective Foreign Service Institutes in the educational field.
  2. On 2nd Leg Visited Panama: On 2nd leg, Mr Naidu visited Panama where India and Panama have signed 2 agreements on the exemption of Visas for holders of Diplomatic and Official Passports and in the field of Agriculture. During the talks with Panamanian leaders, Mr Naidu also announced a total of US $ 25 million Line of Credit for setting up a Centre of Bio-diversity and Drug Tracking and a Centre for Innovation and Technology.  
3. On 3rd Leg Visited Peru: Vice President Venkaiah Naidu arrived in Peru on the third and final leg of his three-nation visit to Latin America. India and Peru signed an agreement in the field of Renewable Energy at Lima. The pact was signed in the presence of Vice President M Venkaiah Naidu and the Prime Minister Cesar Villanueva Arevalo.
Source- Press Information Bureau (PIB)

  General Bipin Rawat, Chief of the Army Staff is on an official visit to Sri Lanka for four days. During the visit, he will hold talks with top political and military leadership of Sri Lanka and explore new areas of military-to-military cooperation between the ground forces of the two countries. The visit assumes significance in light of India’s persistent efforts to strengthen the existing bonds of friendship and military cooperation based on mutual interests and understanding.
Source- DD News

 The Union Home Minister Shri Rajnath Singh chaired a meeting of the High Level Committee (HLC) in New Delhi for Central Assistance to the States/ UT of Assam (affected by floods during 2017-18), Himachal Pradesh(affected by floods/ landslides during 2017-18), Sikkim (affected by floods/ landslides during 2017-18), Lakshadweep (affected by cyclone Ockhi during 2017) and Rajasthan (affected by Kharif drought during 2017). The HLC approved assistance of Rs 480.87 crore in respect of state of Assam. The HLC also approved assistance from NDRF amounting to Rs 84.60 crore for the state of Himachal Pradesh, Rs 67.40 crore for the state of Sikkim, Rs 2.16 crore for the UT of Lakshadweep and Rs 526.14 crore for the state of Rajasthan.The total assistance approved was Rs 1,161.17 crores.
Source- Press Information Bureau (PIB)

  A parliamentary panel headed by veteran BJP leader Murali Manohar Joshi decided to study the recovery of black money and performance of public sector banks (PSBs) among a host of subjects. The 30-member Estimates Committee, in a meeting, decided to study a host of subjects related to various ministries in the year 2018-19. As per the memorandum of the committee, the panel will look into the import of uranium for nuclear plants, mining activities and environment, upgrading of India Post offices and the drought situation in the country among other matters.
Source- Business Standard

 Melody queen Lata Mangeshkar was honoured with the Swara Mauli title by spiritual guru Vidya Narsimha Bharati Swami. Mangeshkar, 88, was conferred with the award at her residence in Mumbai. Her sisters Asha Bhosle and Usha Mangeshkar and brother Hridaynath Mangeshkar were also present.
Source- The Tribune

  A state-run Chinese bank, Industrial and Commercial Bank of China (ICBC) has launched the country's first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth. The fund, named the ICBC Credit Suisse India Market Fund, will invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market. It is China's first publicly offered fund for investing in India. The fund will invest in the future of the Indian economy and track the distribution of the industrial structure across the Indian market.
Source- DD News

 In the Cabinet rejig, Piyush Goyal to take additional charge as Finance Minister until Finance Minister Arun Jaitley is under treatment. Smriti Irani to handle only the Ministry of Textiles and Rajvardhan Rathore has been given the charge of Information and Broadcasting Ministry.
Here's how the Cabinet looks after the rejig:  
  • 1. Piyush Goyal — Finance Ministry,
  • 2. Smriti Irani — Textiles Ministry,
  • 3. Rajvardhan Rathore — Information and Broadcasting Ministry,
  • 4. SS Ahluwalia — Electronics Ministry,
  • 5. KJ Alphons — Tourism Ministry.

 Paytm introduced automatic recurring payments, a new feature that lets users configure the payments app to pay for periodic recurring expenses automatically. Similar to standing instructions for bank accounts, the ‘My Payments’ feature can be used for high-value payments for a variety of cases. The company expects the feature to significantly boost bank-to-bank transactions on Paytm, which it sees crossing Rs60,000 crore a month by December 2018. Currently, Paytm processes about 1 billion transactions every quarter.
Source- The Livemint

 Fino Payments Bank launched a suite of digital products that can be accessed online and through mobile phones with the focus to build the transaction platform. Fino had launched its mobile banking app BPay in 2017. The latest initiatives include Unified Payments Interface (UPI), BHIM app - using which customers can access UPI and make P2P payments, net banking, digi savings account which can be opened with only Aadhaar number and PAN card and FasTag for making digital payments at toll plazas on national highways.
Source- DNA India

 Indian Army has finalised a mega 15,000 crore rupees project under which a range of ammunition for its critical weapons and tanks will be produced indigenously. 11 private firms would be involved in the ambitious project. The immediate aim of the project is to create an inventory for all major weapons to enable the forces to fight a 30-day war while the long-term objective is to cut dependence on imports. The army has set a specific target for the next 10 years in terms of the volume of ammunition to be produced.
Source- AIR World News


You need to login to perform this action.
You will be redirected in 3 sec spinner