Current Affairs: 22 October 2018 – Daily News Update

Current Affairs: 22 October 2018 – Daily News Update

Prime Minister dedicates National Police Memorial to the Nation; announces an award in the name of Subhash Chandra Bose
On October 21, 2018, on Police Commemoration Day, the Prime Minister, Shri Narendra Modi, dedicated the National Police Memorial to the nation.

Prime Minister dedicates National Police Memorial to the Nation; announces an award in the name of Subhash Chandra Bosei. He also announced an annual award in the name of Netaji Subhash Chandra Bose, to honour the police and paramilitary personnel, involved in disaster response operations.
ii.  He also inaugurated the Museum of National Police memorial.
iii. He urged the police forces to adopt technology and innovation in their daily discharge of duties.
iv. This is why, he mentioned about the Modernization of Police Forces Scheme (MPF), which modernized the police forces through technology, modern communication systems and modern weapons.
Other News:
i. PM Modi also commemorated the 75th anniversary of Netaji’s declaration of the formation of India’s first independent government- the Azad Hind Government on October 21, 1943.
ii. He hoisted the National Flag at Red Fort and announced that the annual award n the name of Netaji Subhash Chandra Bose would be announced on January 23, Netaji Subhash Chandra Bose’s birthday.
The National Police Memorial:
♦ It consists of Central Sculpture, a Wall of Valour-engraved with the names of police personnel who laid down their lives in the line of duty and
♦ A State of Art Museum dedicated to the memory of the martyred police personnel.
♦ Located:  New Delhi.
♦ Police Commemoration Day: October 21.

Par panel headed by Kirit Somaiya to examine functioning of EPFO
On October 17, 2018, a parliamentary panel on labour was constituted to examine the functioning of retirement fund body Employees Provident Fund Organisation (EPFO).
i. It will be headed by BJP MP Kirit Somaiya .
ii. Its functions are listed as below:

  • To examine the functioning of EPFO,
  • To review the implementation of labour laws, social security and welfare scheme for workers,
  • International Labour Organisation conventions binding on India,
  • Measures taken by the Indian government to implement ILO laws,
  • To look into the working conditions and welfare of mine workers and review that to Directorate General of Mines Safety,

iii. It had also asked the Ministry of Labour and Employment to collect, with regard to the total number of PF trusts under the PF Act, 1925, information about the number of subscribers and total contribution from subscribers.
Background:
i. Earlier, the panel had suggested that the EPFO should act as the sole regulator for all categories of provident funds particularly private PF trusts.
ii. However, at present, the EPFO is not the sole PF organisation or regulator in the country.
EPFO:
♦ Headquarters: New Delhi.
♦ CEO or Central Provident Fund Commissioner in EPFO: Shri. Sunil Barthwal.
♦ Under the Employee’s Provident Fund and Miscellaneous Provisions Act 1952.

Four Himalayan peaks named after former PM Vajpayee: Ministry of Tourism
On October 20, 2018, 4 Himalayan peaks near Gangotri have been named after former Prime Minister Atal Bihari Vajpayee.
i. This was done during an expedition conducted by Nehru Institute of Mountaineering and the tourism department.
ii. The expedition was flagged off from Dehradun on October 4 by Chief Minister of Uttarakhand Trivendra Singh Rawat.
iii. They climed the peaks located at 6,557, 6,566, 6,160 and 6,100 metres on the right flank of Gangotri glacier, and named them Atal-1, 2, 3 and 4, while hoisting the national flag.
iv. The peaks are located near Sudarshan and Saifi peaks in Raktvan valley.
Tourism Ministry:
Minister of State (Independent Charge): MR. K J Alphons.

Angriya: First cruise service launched between Mumbai and Goa
On October 20, 2018, to develop Cruise Tourism in the country, India’s first ever passenger cruise ship was launched between Mumbai and Goa.

Angriya: First cruise service launched between Mumbai and Goai. It was launched by Union Shipping, Ports and Road Transport Minister Nitin Gadkari in Mumbai.
ii. It is a joint venture between Mumbai Port Trust and Angriya Sea Eagle Pvt Ltd.
iii.  The cruise ship Angriya has been named after first Maratha Navy Admiral Kanhoji Angre and the great Angria bank coral reef near Vijaydurg, Maharashtra.

India’s longest river bridge to be built on Brahmaputra river in Assam
On October 21, 2018, it was announced that India’s longest river bridge will be built across the Brahmaputra, connecting Dhubri in Assamto Phulbari in Meghalaya, by 2026-27.
i. It will be a 19.3 kmfour-lane bridge that will cut road travel by 203 km .
ii. The new bridge will complete the missing link of NH127B from Assam to Meghalaya.
iii. The bridge will also improve connectivity from West Bengal to Assam.
iv. For the project, the National Highways and Industrial Development Corporation Limited (NHIDCL), recently reached out to global players in France.
v.The Japanese funding agency Japan International Cooperation Agency (JICA) has approved a loan for this project as a part of a road infrastructure improvement package in the North East.
Background:
Currently, the longest river bridge in India, at 9.15 km, is the Dhola-Sadiya Bridge which was opened in 2017.
Assam:
♦ Capital: Dispur.
♦ Chief Minister:  Sarbananda Sonowal.
♦ Governor: Jagdish Mukhi.
♦ National Parks: Kaziranga National Park, Manas National Park (UNESCO Natural World Herigate Site), Orang National Park, Dibru-Saikhowa National Park.
♦ Airports: Lokpriya Gopinath Bordoloi International Airport, Dibrugarh Airport, Jorhat Airport, Tezpur Airport, Silchar Airport.

Arunachal villagers get Rs 37.73 crore as land compensation, 56 years after India-China war
On October 19, 2018, Union Minister of State for Home Kiren Rijiju and Arunachal Pradesh Chief Minister Pema Khandu distributed the cheques to the villagers of West Kameng district in Arunachal Pradesh.

Arunachal villagers get Rs 37.73 crore as land compensation, 56 years after India-China wari. He distributed nearly Rs 37.73 crore as compensation to the villagers of the state, more than 56 years after India’s war with China.
ii. It was for the land acquired by the Army to set up its bases, bunkers and barracks.
iii. Earlier, In April 2017, Rs 54 crore was distributed among 152 families of three villages of West Kameng district. In September that year, another installment of Rs 158 crore was distributed among the villagers for the private land taken over by the Army.
iv. And in February 2018Rs 40.80 crore was handed over to 31 families in Tawang district.
Background:
After the 1962 India-China war, the Army had acquired huge tracks of land to set up its bases, bunkers, barracks, construct roads, build bridges and other installations.
Arunachal Pradesh:
♦ Chief Minister: Pema Khandu.
♦ Governor: B.D. Mishra.
♦ Capital: Itanagar.
♦ National Parks: Namdapha National Park, Mouling National Park.

Man-animal conflict a ‘State Declared Disaster’: UP government
On October 17, 2018, in a first-of-its-kind move, the Uttar Pradesh government made the man-animal conflict a ‘State Declared Disaster’.
Objective:
To help reduce retaliatory killings.
Key Points:
i. These incidents would be under the ambit of State Disaster Response Fund (SDRF).
ii. According to the provisions of the order, a compensatory amount of Rs.5 lakh would be given to family of deceased if the victim of the animal attack dies.
iii. The disbursement of compensation for injury would be in accordance to SDRF guidelines.
iv. It also states that the amount of Rs 1 lakh per death would be arranged by the state forest department from its own budget to the Revenue Department.
v. It ensures that the amount must be paid within 24 hours of the incident RTGS and the production of the post-mortem examination report of the victim would be made available.
vi. It urges creating awareness, police support in conflict prone areas.
Other News:
For the first time, lion and wild boar have been added to the list of wild animals which includes tiger, leopard, Indian wolf, hyena, crocodile, elephant and rhinoceros as predators.
Uttar Pradesh:
♦ Chief Minister: Yogi Adityanath.
♦ Governor: Ram Naik.
♦ National Parks: Dudhwa National Park, Philibit Tiger Reserve , Sandi Bird Sanctuary.
♦ Uttar Pradesh has 23 wildlife sanctuaries across 27 districts covering over 5,000 sq km.
♦ UNESCO Heritage Site: Agra Fort, Fatehpur Sikri.

INTERNATIONAL AFFAIRS

Overview of Vice President’s 5-day Visit to Belgium to attend 12th ASEM Summit

  • On October 17, 2018, the Vice President of India, Shri M. Venkaiah Naidu commenced his visit to Belgium to attend the two-day 12th Asia-Europe Meeting (ASEM) in Brussels, Belgium. The theme of this years’ ASEM Summit is “Global Partners for Global Challenges”.
  • Vice President of India, Shri Venkaiah Naidu called on His Majesty King Philippe of the Belgians at the Royal City Palace.
  • Prime Minister Tsipras invited India as the “Honored Country” at the Thessaloniki International Fair in 2019.
  • He addressed the Indian Diaspora at the Jain Culture Centre in Wilrijk, Antwerp

Cope India air exercise: First trilateral exercise to be held amongst India, Japan, US
On October 21, 2018, India, Japan and the U.S. announced participation in the bilateral ‘Cope India’ air exercise to a trilateral format on December 2018.

Cope India air exercise: First trilateral exercise to be held amongst India, Japan, USi. The final planning conference will held in Kalaikunda, West Bengal.
ii. This will be the first time Japan would be invited to participate in the exercise.
iii. Japan would send observers and for the next round that would be hosted by Indian Air Force.
iv. This trilateral exercise was proposed by the U.S. at the annual defence minister meeting in August 2018.
About Cope India:
The first such exercise was conducted at IAF air force station in Gwalior from February 2004.
Japan:
♦ Capital: Tokyo.
♦ Currency: Japanese yen.

India ranked 9th most valuable nation brand in the world
On Oct.19 2018 According to Brand Finance’s annual Nation Brands 2018 report,India lost one spot and ranked 9th in the 10 most valuable nation brands in the world for the year 2018.India was ranked 8th in the last year 2017.

India ranked 9th most valuable nation brand in the worldi. Eventhough India’s brand value has increased to $2,159 billion in 2018 from the value of $2,046 billion in 2017,it slipped one spot.
ii. U.S has topped the list with a brand value of $25,899 billion which rose by 23% from last year.China ranked 2nd with a brand value of $12,779 billion and Germany was ranked 3rd with $5,147 billion which increased by 28% from the last year.
iii. Brand Finance measures the strength and value of the brands using a method based on the royalty relief mechanism employed to value the world’s largest companies. It looks into nation brand strength, royalty rate, revenues, weighted average cost of capital (WACC) or discount rate and brand valuation.

BANKING & FINANCE

SBI launches “Wealth Hub” in Mangaluru
On October 20,2018 State Bank of India has launched “SBI Wealth Hub”.SBI is the first bank to introduce wealth business services for its customers.
The wealth hub was launched by SBI Chairman Rajnish Kumar. The bank has also launched Wealth Business services for NRIs and is in the process of setting of a state-of-the-art global e-Wealth centre at Kochi.

AWARDS & RECOGNITION

Larsen & Toubro (L&T) ranks 22 in Forbes’ global 2000 best employers list
Larsen & Toubro is the only Indian firm to be featured among the top 25 companies in the Forbes’ global 2000 best employers list.

Larsen & Toubro (L&T) ranks 22 in Forbes' global 2000 best employers listi. L&T has secured 22nd rank in the list. Google’s parent company Alphabet tops the list. Second position is occupied by Microsoft.
ii. There are only 24 Indian companies in the overall list and only 4 Indian companies in the top 100 list.
iii. This list is based on Forbes’ 2018 global 2000 rankings. It includes publicly traded companies from 60 countries.

APPOINTMENTS & RESIGNS

Worldsteel Association elects Sajjan Jindal as treasurer
Indian JSW Steel CMD Sajjan Jindal was elected as treasurer by World Steel Association at the worldsteel General Assembly in Toyko, Japan.

Worldsteel Association elects Sajjan Jindal as treasurerTata Steel MD T V Narendran and ArcelorMittal Chief L N Mittal also appointed as members of the association.Andre Johannpeter, Executive VC of Gerdau S A elected as Chairman of the body.

British ex-deputy PM hired by Facebook as global affairs head
On October 21, 2018, Facebook has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team.

British ex-deputy PM hired by Facebook as global affairs headi. The appointment makes Clegg the most senior European politician ever in a leadership role in Silicon Valley.
ii. Clegg, 51, would succeed Elliot Schrage.
Background:
In March, the company faced new scrutiny over how it protects personal information after acknowledging that the data of up to 87 million people ended up in the hands of political consultancy Cambridge Analytica.
Facebook:
♦ Headquarters: California, USA.
♦ Chief Executive Officer: Mark Zuckerberg
♦ Chief Operating Officer: Sheryl Sandberg.

SCIENCE & TECHNOLOGY

New material harvests Sun’s heat for cheaper electricity
On October 21 2018 a material has been developed by scientist that able to harvest the electricity from Sun’s heat which will be generating cheaper solar power on cloudy days and at nighttime.
i. Solar energy can be stored as heat to produce the electricity which will be cheaper than storing energy via batteries

SPORTS

Japanese MotoGP: Marc Marquez won world championship 
On October 21 2018 Spain’s Marc Marquez won MotoGP world champion for the fifth time in six years in the Japanese MotoGP. Honda factory rider becomes the youngest rider to win five premier class titles.

Japanese MotoGP: Marc Marquez won world championship Marquez’s Repsol Honda teammate Cal Crutchlow of Britain finished second.

OBITUARY

Lingayat seer Siddalinga Swamiji passed away at 69
On October 21, 2018, Karnataka’s popular Lingayat seer Siddalinga Swami passed away at Gadag at the age of 69.
i.  He was active in various people’s movement against blind beliefs, environmental and other issues.
ii.  He was known as ‘Kannadada Jagadguru’ (Seer of Kannada).

BOOKS & AUTHORS

Vijayan Bala launched ‘Indian Sports: Conversations and Reflections’
On October 21, 2018, Veteran commentator and cricket statistician Vijayan Bala launched his new book “Indian Sports: Conversations and Reflections”.

Vijayan Bala launched 'Indian Sports: Conversations and Reflections'i. It is a compilation of interviews of eminent sportspersons he has conducted since 1971.
ii. He has interviewed Olympians like Balbir Singh Senior, Abhinav Bindra, Sushil Kumar, Sakshi Malik, Col Rajyavardhan Singh Rathore and others.
iii. Among the cricketers, he has interviewed MAK Pataudi, GR Viswanath, Eknath Solkar while Gautam Gambhir, Unmukt Chand etc.
iv. He has been a member of BCCI’s Statistical Committee apart from being an English teacher.
v. Earlier, he had published a book on Statistics called ‘Indian Test Cricket back in 1974’.
vi. In 2016, he authored a second book “The Complete Indian Sports Quiz” inaugurated by sports minister Rathore.

Current Affairs: 22 October 2018 – Daily News Update.