Current Affairs

  India is organising a five-day cultural festival in Egypt to commemorate the 157th birth anniversary of Nobel laureate Rabindranath Tagore. An exhibition on the paintings of Tagore titled ‘Rabindranath Tagore: Rhythm in Colours’ will be held at the Museum of Ahmed Shawky at Giza as part of the Tagore festival.  The festival is being organised by the Maulana Azad Centre for Indian Culture, the cultural wing of the Indian Embassy in Cairo. 
Source- AIR World Service

  State-run Power Grid Corporation of India (PGCIL) has inked a pact with the Ministry of Power to incur capital expenditure of Rs.25,000 crore for the current fiscal. The MoU includes various targets to be achieved by Powergrid during 2018-19. Other targets in the MoU inter-alia include parameters related to human resources, project management, research & development, innovation and other efficiency and operational performance parameters. The MoU was signed by Ajay Kumar Bhalla, Secretary, Ministry of Power and I S Jha, Chairman and Managing Director.
Source- The Hindu

 Global consultant AT Kearney released the Foreign Direct Investment (FDI) Confidence Index 2018, an annual survey which tracks the impact of political, economic and regulatory changes on the FDI preferences of Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) of the country. The United States (US) topped the index, followed by Canada at 2nd and Germany at the 3rd place. The index ranked India at the 11th spot, three places down from the previous year. In the year 2017, India was ranked 8th. It is the first time since 2015 that India has been pushed out of the top 10. 
The top 5 Countries in the list are:
  •  United States
  •  Canada
  •  Germany
  •  United Kingdom
  •  China.

  •  Indian pugilist Neeraj Goyat has been conferred with the 'WBC Asia Boxer of the Year Award'. Neeraj is the current WBC Asia champion in welterweight category. Since turning pro in 2011, Neeraj has won nine fights including two knockouts. Neerav Tomar, promoter of IOS Boxing Promotions which manages Neeraj and Vijender Singh, was bestowed with 'WBC Asia honorary Promoter of the year 2017 Award' by the Asian Boxing Council at WBC Asia and WBC Muaythai annual awards presentation ceremony in Bangkok, Thailand.
    Source- The Times of India

     The ‘Vibrant North East 2018', an event in which people would be made aware of central government’s schemes and programmes, was held in Guwahati, Assam. Players from the agriculture, food processing, consumer affairs, civil supply, drinking water and sanitation sectors participated in the three-day event. The event is organised by Delhi-based NGO, Centre for Agriculture and Rural Development (CARD). The main purpose of the event is to disseminate information about the schemes, grants and projects of the Central Government to ensure that they are implemented as envisaged officially.
    Source- Press Trust of India (PTI)

     Liverpool forward Mohamed Salah has been named the Football Writers' Association Footballer of the Year. Manchester City midfielder Kevin de Bruyne came second with Tottenham striker Harry Kane third. Salah, 25, has scored 31 goals in 34 league appearances for Liverpool this season. The Egypt star - the first African winner of the award - also won the Professional Footballers' Association player of the year award.
    Source- DD News

     According to the Wimbledon officials, the 2018 men's and women's singles champions will receive £2.25 million, an increase of £50,000 on last year. Lower-ranked players at Wimbledon will enjoy a greater uplift, with an increase of 10% across qualifying and the first to fourth rounds of the singles, boosting the overhaul prize money total to £34 million this year. Wimbledon officials warned players they face losing prize money if they withdraw after competing with an existing injury and are not perceived to have given maximum effort. There were a total of seven mid-match withdrawals in the 2017 tournament.
    Source- DD News

     Ravinder Sharma, fondly called Guruji, the founder of Adilabad's Kala Ashram died at the age of 65 years. A trained artist, Guruji had been awarded Kala Ratna by the Andhra Pradesh State government in 2014. After bifurcation of the State, the Telangana government awarded him the Ugadi Puraskaram in 2015.
    Source- The Hindu

      The controversial UK marketing analytics firm Cambridge Analytica, which has been at the heart of the Facebook data scandal, has announced to cease all its operations immediately and filing for insolvency in Britain and the United States. Cambridge Analytica, also said, its British parent firm SCL Elections Ltd is to shutting down immediately. The firm is currently facing allegations of improper use of data on 87 million Facebook users which was hired by President Donald Trump’s 2016 US election campaign.
    Source- AIR World Service

      ICICI Bank's board has appointed Radhakrishnan Nair as an additional (independent) director of the bank for five years.  The appointment is subject to the approval of shareholders. Mr Nair is also an independent director of three subsidiaries of the bank - ICICI Prudential Life Insurance Company, ICICI Prudential Trust and ICICI Securities Primary Dealership. 
    Source- The Economic Times


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