Question of the day | Legal terms lists August 31, 2018

Question of the day

Principle: Whoever, being in any manner entrusted with property, or with any dominion over property, dishonestly misappropriates or converts that property to his own use, or dishonestly uses the dispose of that property in violation of any direction of law prescribing the mode in which such trust has to be discharged, or of any legal contract, express or implied which he has made touching the discharge of such trust, commits criminal breach of trust.

Facts: A residing in Calcutta, is an agent for Z, residing at Delhi. There is an
express or implied contract between A and Z, that all sums remitted by Z to A shall be invested by A according to Z’s direction. Z remits a lakh of rupees to A, with directions to A to invest the same in Reliance shares. A believing in good faith that it will be more advantageous for Z to invest in L&T shares, disobeys Z’s direction and buys a share in L&T for Z, instead of buying Reliance shares. Z suffered loss due to the same. Decide whether A has committed criminal breach of trust?

(a) Yes, A has committed the offense of criminal breach of trust because he
disobeyed the directions of Z.

(b) Yes, A has committed the offense because Z suffered loss

 (c) No, A has not committed criminal breach of trust

(d) A as the agent of Z is liable for the offence.

Legal terms of the day

1. Per curiam – By a court.

2. Per incuriam – Because of lack of care.

3. Prima facie – On the face of it

4. Qui facit per alium, facit per se – He who acts through another acts himself

5. Quid pro quo – Something for something

 

Today’s answer of the Question: C

Explanation: Here, A has not committed the offense of criminal breach of trust as he didn’t have any dishonest intent. Instead, he did it in good faith for the advantage of Z. Going by the principle it clearly says that dishonest intention is required for this offense. Though Z suffered loss he can bring a civil action against him, but will not liable for criminal breach of trust. So, don’t be confused here with the loss suffered by Z.

DAILY CURRENT AFFAIRS AUGUST 31, 2018

Government asks States to ban e-cigarettes

Union Ministry of Health and Family Welfare issued advisory to all states and Union Territories to not allow manufacture, sale, and advertisement of e-cigarettes and other Electronic Nicotine Delivery Systems (ENDS). It also has issued warning that use e-cigarettes and other ENDS devices pose great health risk to public at large, especially to children and pregnant women.

NVIDIA made deep learning technology partner of NITI Aayog for Move Hack

Union Government’s premier think tank NITI Aayog has made computer chip manufacturer NVIDIA its deep learning technology partner to support its Move Hack event. Move Hack is global mobility hackathon event organized by NITI Aayog to crowdsource solutions aimed at the future of mobility in India.

Third Edition Of World’s Biggest Open Innovation Model Smart India Hackathon 2019 launched

It is a nationwide initiative to provide students a platform to solve some of the pressing problems we face in our daily lives, and thus inculcate a culture of product innovation and a mindset of problem-solving. For the first time, Private industry/ organizations and NGOs can also send their problem statements to students under SIH-2019.

India’s first interstate connected wind power project commissioned in Bhuj

126 MW wind power capacity, part of country’s first Inter-State Transmission System (ISTS) auction, is commissioned in Bhuj, Gujarat. The energy generated from this project is being purchased by Bihar, Odisha, Jharkhand and Uttar Pradesh.

US-based GEER to investigate the impact of the torrential rains that hit Kerala

A team of scientists from the U.S.-based Geotechnical Extreme Events Reconnaissance (GEER) Association is to investigate the impact of the torrential rains that hit Kerala. The team will be arriving on September 3, 2018. The delegation is led by Thomas Oommen, Associate Professor, Michigan Technological University and Richard Coffman, Associate Professor, University of Arkansas.

Sushma Swaraj inaugurated ‘Jaipur Foot’ camp in Vietnam capital Hanoi

External Affairs Minister Sushma Swaraj who is on a four-day two-nation tour of South East Asia which includes Vietnam and Cambodia, presented free India-made prosthetic limbs for 500 Vietnamese beneficiaries. Last month, it was announced in Jaipur that about 1,000 differently-abled people in Myanmar and Vietnam would be provided ‘Jaipur Foot’.

99.3 percent of demonetized currency returned: RBI in its Annual Report 2017-18

Over 99 percent of the demonetized currency was returned, as per the Annual Report 2017- 18 of the Reserve Bank of India (RBI). The report was released on August 29, 2018.

 In November 2016, the Union Government withdrew Rs 500 and Rs 1000 currency notes from the circulation with effect from November 9, 2016. The demonetization was hailed as a step that would curb black money, corruption and check counterfeit currency.

Government to launch India Post Payments banks at 650 places

The Union Government is planning to launch India Post Payment Banks-IPPB at 650 places. The information was shared by Communications Minister Manoj Sinha.

The Minister said that savings accounts, current accounts, money transfer, enterprise and merchant payments will be the highlights of the India Post Payment Banks.

The Minister also said that by December 2018, the IPPBs will provide doorstep banking at rural areas and with the help of National Payment Corporation of India and RBI, IPPB will give last mile connectivity to banking.

Google to display technology in Indian vernacular languages

Google plans to introduce technology and product experiences which are locally relevant to users in India in vernacular languages. It has been observed, so far, that the majority of Internet users are Indian language users, a number expected to reach 500 million-plus in the next two years. Earlier, Google launched ‘Project Navlekha’ which helps to easily make offline content fully editable and publish on a branded domain without expert digital knowledge.

Freecharge, AbhiBus partner to launch new category of services

Digital marketplace for financial services Freechargehas announced the launch of a new category of service offering in partnership with AbhiBus.

Through this partnership, Freecharge aims at creating large footprints to scale up its value chain and deepen consumer engagement. The company’s objective, as a part of Axis Bank, is to make itself a comprehensive and open digital financial service platform which can facilitate a suite of offering to its consumers enabling them with accessibility and choice of service.

Government constitute 21-member Prime Minister’s Science, Technology and Innovation Advisory Council

Union Government has constituted new 21-member advisory panel on science, technology and innovation called Prime Minister’s Science, Technology and Innovation Advisory Council (PM-STIAC). It will be headed by Principal Scientific Advisor to government K Vijay Raghavan. It will replace earlier Scientific Advisory Committee to Prime Minister and to Cabinet.

First SAARC Agri Cooperative Business Forum Begins In Kathmandu

The theme of three-day Forum is the ‘Organizing and Strengthening Family Farmers’ cooperatives to attain the Sustainable-Development-Goals-1 and 2 in South Asia’. About SAARC SAARC: South Asian Association for Regional Cooperation Member states: 8 members Headquarters: Kathmandu Official languages: English

4th BIMSTEC Summit kicks off: PM Modi arrives in Nepal

The 4th BIMSTEC Summit began on August 30, 2018 in Kathmandu, Nepal. The two-day Summit will be held during August 30-31, 2018 with the main focus on countering terrorism, enhancing regional connectivity and boosting trade.

Theme 2018: ‘Towards a Peaceful, Prosperous and Sustainable Bay of Bengal Region’.

Union Cabinet approves Earth Sciences Ministry’s umbrella scheme ‘O-SMART’

The Cabinet Committee on Economic Affairs on August 29, 2018 gave its approval for implementation of an umbrella scheme ‘Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)’.

The CCEA, chaired by Prime Minister Narendra Modi, approved the scheme for implementation during the period from 2017-18 to 2019-20 at an overall cost of Rs 1623 crore. The scheme covers a total of 16 sub-projects, which address ocean development activities such as services, technology, resources, observations and science.

Question of the day | Legal terms lists August 30, 2018

Question of the day

Principle 1: An agreement entered into with a minor is void ab initio. Any agreement entered into with a major is valid.
Principle 2: A minor is anyone who is below the age of 18 years.
Principle 3: A person who supplies necessities of life to a minor is entitled to be reimbursed for such supply.

Facts: Mr. Gupta owned a furniture shop. Puneet, a 9th student wanted a study
table for his room. His father Nitin was not allowing him to buy it. Puneet visited Mr. Gupta’s Shop and offered to buy a study table for 5000/- rupees. Mr. Gupta looked at Puneet and realized that Puneet was not yet eighteen years old. Mr. Gupta told Puneet that only if his father agreed to pay the price, will Mr. Gupta sell the table to Puneet. Puneet promised to Mr. Gupta that he would ensure that his father Nitin makes the payment. Nitin refused to make the payment.
(a) Mr. Gupta is not entitled to payment as an agreement with minor is void ab initio
(b) Mr. Gupta is entitled to payment as the money study table is for the necessity of Puneet.
(c) Study table not being a necessity, Mr. Gupta is not entitled to payment.
(d) None of the above

Legal terms of the day

1. Novation – Transaction in which a new contact is agreed by all parties to replace an existing contract.

2. Onus probandi – Burden of proof.

3. Per se – By itself

4. Prima facie – At first sight.

5. Palimony – Money which the court orders a man to pay regularly to a woman with whom he has been living and from whom he is separated.

 

Today’s Answer of the Question: C
Explanation: Mr. Gupta is not entitled to the payment here as he has not supplied any necessity of the life of the minor, Puneet. The principle clearly says that a person who supplies the necessities of the life of minor is entitled to be reimbursed for such supply.

DAILY CURRENT AFFAIRS AUGUST 30, 2018

India’s first biofuel flight was powered by jatropha seeds

India’s first first-ever environment-friendly biofuel-powered flight between Dehradun and Delhi was propelled by blend of oil from jatropha seeds and aviation turbine fuel. The 43- minute flight was operated by SpiceJet’s Bombardier Q-400 aircraft, with 20 officials and five crew members on board.

River Ganga drying up in summers due to groundwater depletion: Study

 

According to recent study conducted by IIT-Kharagpur, River Ganga has witnessed unprecedented low levels of water in several lower reaches in last few summer seasons. The study was carried out under IIT-KGP Science and Heritage Initiative (SANDHI) Initiative, which focuses on river systems and its relationship with settlement system. It had used combination of satellite images of groundwater levels of Ganga, numerical simulations and chemical analyses to draw the conclusion.

Scientists create nanomedical robot and sets Guinness World Record

The scientists have developed the smallest medical robot and set a new Guinness World Record. The device, which is of 120 nanometres in size, can interact with biological cells. These nanocomposite particles can assist to treat cancer and Alzheimer’s in the future and one day it might lead to huge medical advancements. The nanocomposites are made of two different types of multifunctional oxide materials in a “core and shell” configuration. The core is magnetic and changes shape in response to magnetic fields. The ferroelectric shell converts pressure into electric potentials.

Supreme Court claried Second marriage is valid even if plea against divorce is pending

Interpreting section 15 of Hindu Marriage Act, SC bench observed that restriction placed on the second marriage in Section 15 of the Act till the dismissal of an appeal would not apply to a case where parties have settled and decided not to pursue the matter. Section 5(1) of the Hindu Marriage Act places a bar on marriage by a person who has a spouse living at the time of the marriage. Section 11 makes such a marriage null and void. Section 15 tells when a divorcee can marry again.

Scotland 1st country in the World to give students free sanitary products

Scotland has become the world’s first country to provide free sanitary products to all students in a bid to tackle “period poverty”. Scottish government approved a £5.2 million ($6.7 million) initiative that will make sanitary products free at all schools, colleges and universities.

Vision document on Taj Mahal should take into account pollution in TTZ: SC

About:

The Supreme Court ruled that the vision document on protection and preservation of the Taj Mahal in Agra should be prepared taking into account issues like pollution in the Taj Trapezium Zone (TTZ) and industries operating there.

The TTZ is an area of about 10400 sq km, spread over the districts of Agra, Firozabad, Mathura, Hathras and Etah in Uttar Pradesh and Bharatpur district of Rajasthan.

3. A bench headed by Justice Madan B Lokur said authorities should look into the larger perspective while dealing with the issue of protection of Taj Mahal.

USEFUL INFO

Uttar Pradesh – Capital – Lucknow

CM – Yogi Adithiyanath

Governor – Ram Naik

Deputy CM Chawna Mein introduces Arunachal Pradesh Staff Selection Board Bill, 2018

About: 

Arunachal Pradesh Deputy Chief Minister Chawna Mein introduced the Arunachal Pradesh Staff Selection Board Bill, 2018 in the State Assembly.

The Bill will streamline the process of recruitment to Group C posts in different government departments.

The State Food and Civil Supply Minister Kamlung Mosang laid the Arunachal Pradesh Food Security Rules 2015 on the table of the house.

The Arunachal Pradesh re-organization of Districts (Amendment) Bill, 2018 was also introduced. The Bill will pave the way for creation of three new districts Lepa Rada, Pakke Kesang and Shi Yomi.

USEFUL INFO

Arunachal Pradesh – Capital – Itanagar

CM – Pema Khandu

Governor – BD Mishra

Charging Stations for e-Vehicles Inaugurated in Udyog Bhawan

Union Minister of Heavy Industries & Public Enterprises, Anant G. Geete inaugurated two charging stations, one for fast charging (DC) and the other for slow charging (AC), in Udyog Bhawan, New Delhi.

USEFUL INFO

Delhi – Capital – New Delhi

CM – Arvind Kejriwal

Governor – Anil Bijal

CBSE to provide digital board exam documents to flood-hit Kerala students

The Central Board of Secondary Education (CBSE) in technical collaboration with National EGovernance Division (NEGD) has developed the first-of-its-kind digital academic repository called ‘Parinam Manjusha’. The academic repository will be integrated with DigiLocker.

USEFUL INFO

Kerala – Capital –Thiruvananthapuram

CM – Pinarayi Vijayan

Governor -P. Sadasivam

Odisha government has launched a programme “Mu Hero, Mu Odisha”

The Odisha government has launched a programme “Mu Hero, Mu Odisha” (I am Hero-I am Odisha)” to identify and to give recognition to the young achievers of the state. The initiative is to be conducted by the Biju Yuva Vahini (BYV) members.

USEFUL INFO

Orissa – Capital – Bhubaneswar

CM – Naveen Patnaik

Governor – Ganeshi Lal

Government inks $300 million agreement with World Bank to scale-up Energy Eciency Program

About:

Union Government (Finance Ministry) has inked $220 million Loan Agreement with World Bank to scale-up India’s Energy Efficiency Program. It also signed $80 million guarantee agreement with World Bank.

The loan will be provided to EESL by World Bank through its lending arm International Bank for Reconstruction and Development (IBRD). It has maturity of 19 years and 5-year grace period. The $80 million IBRD guarantee will partially cover re-payment risks to commercial lenders or investors to enable EESL to raise funds for its program.

Energy Efficiency Program (EEP)

It will be implemented by Energy Efficiency Services Limited (EESL). It will help to scale-up deployment of energy saving measures in residential and public sectors, strengthen EESL’s institutional capacity and enhance its access to commercial financing. Under it, EESL will deploy 219 million LED bulbs and tube lights, 5.8 million ceiling fans, and 7.2 million street lights, which will be supplied by private sector manufacturers and suppliers.

Government inks $250 million loan agreement World Bank for Electricity Distribution Sector Reforms in Rajasthan

Central Government along with Government of Rajasthan has signed $250 million Development Policy Loan (DPL) agreement with World Bank for Electricity Distribution Sector Reforms in Rajasthan. The loan will be provided by World Bank’s lending arm International Bank for Reconstruction and Development (IBRD). It has maturity of 21 years and 3-year grace period.

RCom sold fibre assets to RJio for Rs.3,000 crore

Reliance Communications Ltd. (RCom), Anil Ambani-led company, said that it had sold its fibre and related infrastructure assets to the Mukesh Ambani-led Reliance Jio Infocomm (RJio) which is of worth Rs.3,000 crore. The fibre monetisation transaction, 1,78,000 km of fibre stand transferred from RCom to RJio.

Satya S Tripathi has been appointed Assistant Secretary-General and Head UNEP

Satya S Tripathi, the veteran Indian development economist and UN official, has been appointed Assistant Secretary-General and Head of the New York Office of the United Nations Environment Programme (UNEP). The appointment was made by UN SecretaryGeneral Antonio Guterres.

JNPT, Maharashtra, MP and Ministry of Railways sign MoU for Indore-Manmad Railway Line Project

The Jawaharlal Nehru Port Trust, under the Ministry of Shipping, on August 28, 2018, signed a Memorandum of Understanding (MoU) with the Ministry of Railways, Maharashtra and Madhya Pradesh for implementation of the 362 km Indore- Manmad New Railway Line Project.

EU-India joined hands to develop new Influenza vaccine

They have committed EUR 15 million each to fund for this cause through the “Horizon 2020” programme. Indian government and the European Union (EU) partnered for Rs. 240 crore research programme to develop a Next Generation Influenza Vaccine to protect people throughout the world. About EU The European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe. It has an area of 4,475,757 km2 (1,728,099 sq millions) and an estimated population of over 510 million.

AESF-IV: 4th Asian electoral stakeholders forum held in Colombo, Sri Lanka

The fourth edition of Asian electoral stakeholders forum (AESF-IV) was held Colombo, Sri Lanka to discuss the state of elections and democracy in the region. This was for first time AESF was held in South Asia. It was jointly organised by Election Commission of Sri Lanka and Asian network for free elections (ANFREL).

Piyush Goyal inaugurates Smart Railway Conclave organised by FICCI, in New Delhi

Shri Piyush Goyal, Minister of Railways & Coal, inaugurates Smart Railway Conclave organised by FICCI, in New Delhi. In his opening remarks, he reiterated Government’s commitment to ensure a smart Railway and a smart nation so that every citizen of India gets a better future.

Google launches ‘Navlekha’ for Indian language publishers

At the fourth ‘Google for India’ event, Google has unveiled Project Navlekhā to help Indian language publishers take their content online. Navlekhā is a word derived from Sanskrit meaning ‘a new way to write.’ The new platform will allow 1.35 lakh, Indian publishers, to digitise their offline content by creating instant web pages using scanned documents or PDFs.

Tez rebranded as Google Pay to offer Instant Bank Loans

Google Tez rebranded as Google Pay recently partnered with HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd. and Federal Bank Ltd. to offer instant, pre-approved loans to customers.

ISRO unveils Gaganyaan Mission to put Indians in space before 2022

About:

The Indian Space Research Organization (ISRO) on August 28, 2018 unveiled the details of the Gaganyaan mission for manned space flight before 2022 by GSLV MK III vehicle.

The Gaganyaan mission was announced by Prime Minister Narendra Modi during his 72nd Independence Day speech. PM Modi announced that this manned space mission will take Indian astronauts to space on board ‘Gaganyaan’ by 2022.

Dr. Ravinder Kumar Singhal the immensely difficult “Ironman triathlon”

Ravinder Kumar Singhal (53), the Maharashtra cadre IPS officer & presently Nashik Police Commissioner, has successfully completed the immensely difficult “Ironman triathlon” in 15 hours and 13 minutes as against the stipulated time of 17 hours in France on August 26, 2018.

Question of the day | Legal Terms Lists August 29, 2018

Question of the day

Principle 1: Confession is an admission made at any time by a person charged with a crime stating or suggesting the inference that he committed that crime. Accused can be convicted on the basis of the confession.

Principle 2: No confession made by any person whilst he is in the custody of a
police-officer unless it is made in the immediate presence of a Magistrate, shall be proved as against such person.

Facts: Gauri was charged with the murder of her husband and was taken into the custody of the police, a friend of Gauri also accompanied her. The policeman left Gauri with her friend and went away to have a cup of tea. Gauri confessed her guilt to her friend while the policeman was away. The prosecution used this statement in Court and Court convicted Gauri.
(a) The conviction is incorrect since confession in police custody is not admitted as evidence.
(b) The conviction is correct since the confession was made in absence of the
policeman
(c) The conviction is correct since Guari confessed without any force used on her.

(d) The conviction is incorrect since it was made to her friend and not the policeman.

Legal terms of the day 

1. Jus in rem – Right against the world at large.

2. Jus non scriptum – Customary law.

3. Jus scriptum – Written law.

4. Jus – Law or right.

5. Justitia nemini neganda est – Justice is to be denied to nobody

Today’s answer of the Question: A

Explanation: Here, the conviction is incorrect as the principle clearly says that the confession made in police custody cannot be used as proof for convection even if the policeman was away, the confession was made in the police custody itself. so, it cannot be admitted as evidence.

Question of the day | Legal terms Lists August 28, 2018

Question of the day

Principle: A registered trademark is infringed by a person, who not being a registered proprietor or a person using by way of permitted use, uses in the course of trade, a mark which is identical with or deceptively similar to the
trademark in relation to goods or service in respect of which the trademark is
registered.

Facts: Shyam runs a cosmetic company and has its registered trademark EYETEX. Shashank also runs a cosmetic company with the trademark “EYESEE”. When Shyam came to know about this fact, he sued Shashank company for infringement of his trademark. Will he succeed? Decide?
(a) No, because both the words are different.
(b) Yes, because “EYETEX “is registered and well-known trademark.
(c) Yes, because though there is a difference in the word but they are deceptively
similar.
(d) Yes, because both the trademark is registered for similar product i.e. cosmetic.

Legal terms of the day

1. Lex non a rege est violanda – The law must not be violated even by the king

2. Locus standi – Right of a party to an action to appear and be heard by the court.

3. Mala fide – In bad faith.

4. Mandamus – We command. A writ of command issued by a Higher Court to Government/Public Authority, to compel the performance of a public duty.

5. Mens rea – Guilty mind.

 

Today’s answer of the Question: C

Explanation: Here, Shyam will succeed in his action as the principle clearly says that if the trademark is deceptively similar then it leads to infringement. The options given here looks similar but you have to choose the most appropriate one. The second one will not be appropriate because there is no mention of well- known trademark here.

 

DAILY CURRENT AFFAIRS AUGUST 28,2018

Committee chaired by Secy, Corporate Affairs on review of penal provisions of Company Act 2013 submitted its  final report to Shri Arun Jaitley


On August 27, 2018, the Committee constituted by Government of India in July 2018  to review framework dealing with offences under the Companies Act, 2013  submitted its report to the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley.
Objective:
To promote better corporate compliance.
Key Points:
i. This report is presented by the Secretary, Ministry of Corporate Affairs, Shri Injeti Srinivas, who chaired the committee.
ii. It had a detailed analysis of all penal provisions in categories based on the  nature of offences.
iii. The recommendations are:
To relieve Special Courts from adjudicating routine offences:

  • Re-categorization of 16 out of the 81offences by shifting them from  jurisdiction of special courts to an in-house E-adjudication framework .
  • Remaining to continue under the jurisdiction of special courts ,
  • Status quo recommended in respect of all non-compoundable offences and serious corporate offences,
  • A transparent online platform for E-adjudication and E-publication of orders,

De-clogging the National Company Law Tribunal  NCLT by:

  • Enlarging the jurisdiction of the Regional Director for offences under section 441 of the Companies Act 2013 ,
  • Central Government the power to approve the alteration in the financial year of a company under section 2(41);
  • Conversion of public companies into private companies under section 14 of the Act.

Recommendations related to corporate compliance and corporate governance:

  • Declaration of commencement of business,
  • Maintenance of a registered office,
  • Protection of depositors’ interests,
  • Registration and management of charges,
  • Declaration of significant beneficial ownership, and
  • Independence of independent directors.

The other members of the committee included:
Shri Uday Kotak, Managing Director, Kotak Mahindra Bank, Shri Shardul S Shroff, Executive  Chairman Shardul Amarchand Mangaldas & Co., Shri Ajay Bahl, Founder Managing Partner, AZB & Partners, Shri Amarjit Chopra, Senior Partner, GSA Associate, Shri Sidharth Birla, Former President, FICCI, Ms. Preeti Malhotra, Partner and Executive Director of Smart Group and Shri K V R Murty, Joint Secretary, Ministry of Corporate Affairs (Member Secretary of the Committee).

Asian Games 2018: Neeraj Chopra shatters own national record to win gold in men’s javelin throw

Jakarta: Neeraj Chopra on Monday became the first Indian javelin thrower to win an Asian Games gold medal as he shattered his own national record by clearing a distance of 88.06m at Jakarta.

Chopra’s gold is India’s only second medal in javelin throw in Asian Games history after Gurtej Singh won a bronze in 1982 in New Delhi.

The 20-year-old’s winning throw came in his third attempt. He began with 83.46m and fouled the second attempt.

Liu Qizhen of China was a distance second with a best throw of 82.22m while Pakistan’s Arshad Nadeem won the bronze with a 80.75 effort.

The Commonwealth Games and reigning Asian champion completely dominated the competition as he bettered his own national record of 87.43 which he had come up with in Doha during the first leg of the Diamond League series in May. None of the competitors in the field had a 85-plus throw this season.

Chopra’s biggest rival was expected to be Chao Tsun Cheng, who last year recorded a throw of 91.36m but the Chinese Taipei thrower could manage a best of 79.81 to finish fifth.

Chopra, the world junior record holder of 86.48, has been in tremendous form this season as has consistently crossed the 85m mark.

He won the Federation Cup in March with 85.94m, clinched a gold in the Gold Coast Commonwealth Games with a throw of 86.47m, before the 87.43 effort in Doha. Before coming here, he had 85.17 and 85.69 in France and Finland during his preparations for the Asian Games.

Petroleum and Natural Gas Minister launches online portal for Common Carrier Capacity booking on GAIL’s pipelines, a first of its kind in Indian natural gas sector

Petroleum and Natural Gas Minister launches online portal for Common Carrier Capacity booking on GAIL’s pipelines, a first of its kind in Indian natural gas sector
On 27th August 2018, Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship Dharmendra Pradhan launched an online portal for enabling easy, efficient and transparent booking of Common carrier capacity for natural gas transmission services under GAIL’s pipelines.

Online portal for Common Carrier Capacity booking on GAIL’s pipelines:
i. The online portal is available at: www.gailonline.com. It is the first of its kind portal in the natural gas sector of India.
ii. This portal offers the facility to register pipeline capacity bookings online to gas consumers. It will serve on first come-first served basis.
iii. This portal will be a first step towards gas trading on hub or exchange traded platform in India. GAIL has been offering third party access to pipelines since 2004.
About GAIL:
♦ Chairman & MD – B.C. Tripathi
♦ Corporate Office – New Delhi

DAC clears procurement proposal worth over Rs 46,000 cr for services for Indian Army and Navy

DAC clears procurement proposal worth over Rs 46,000 cr for services for Indian Army and Navy
On August 27, 2018, Defence Acquisition Council, DAC chaired by Defence Minister Nirmala Sitharaman approved approximately 46,000 crore rupees for procurement of services.

i. These include:

  • procurement of 111 Utility Helicopters for the Indian Navy at a cost of over 21,000 crore rupees and
  • other proposals amounting to around 25 thousand crore rupees.

ii. 111 Utility Helicopters is the first project under the Defence Ministry’s Strategic Partnership (SP) Model that would boost ‘Make in India’ programme.

iii. Among the other proposals (worth 25,000 crore) are :

  • 150 Indigenously Designed and Developed Advanced Towed Artillery Gun Systems for the Indian Army at a cost of around 3,365 core rupees. These have been developed by DRDO.
  • 24 Sikorsky MH-60 Romeo maritime multi-role helicopters to enhance the capability of Navy at sea,
  • 14 Vertically Launched Short Range Missile Systems to boost self-defence capability of ships against Anti-Ship Missiles. Out of them, 10 systems will be indigenously developed.

♦ Chief of Army Staff: General Bipin Rawat.
♦ Chief of Naval Staff: Admiral Sunil Lanba.
♦ Chief of Air Staff: Air Chief Marshall Birender Singh Dhanoa.

Bombardier Q400 turbopropIndia’s first biofuel flight from Dehradun to Delhi operated by Spice Jet took off

Bombardier Q400 turboprop: India's first biofuel flight from Dehradun to Delhi operated by Spice Jet took off
On August 27, 2018, SpiceJet would fly India’s first biofuel-powered flight from Dehradun to Delhi on its Bombardier Q400 turboprop aircraft from Dehradun’s Jolly Grant airport.

i. It has used a blend of the aviation turbine fuel and biofuel to power the flight.
ii.  The flight had 20 people, including officials from aviation regulator DGCA and SpiceJet and was around 25 minutes.
iii. It would encourage sustainable and alternative fuels for the transportation & aviation sector under National Biofuels Policy.
iv. With this test, India will be among the first developing nations to adopt the sustainable alternative jet fuel.
About the Biofuel:
i. The fuel has been developed by Indian Institute of Petroleum, based in the capital of Uttarakhand.
ii. It‘s a mix of the oil extracted from the seeds of Jatropha plant.
iii. Five hundred farmer families in Chhattisgarh are involved in the production of the partially-refined biofuel.
iv. It was made partially from renewable resources such as agricultural residues, non-edible oils and bio-degradable industrial and municipal wastes.
Background:
i. Fuel is the biggest cost item for an airline, accounting for as much as one-third of the total cost of operations.
ii. The government will make an environment friendly aviation action plan till 2035.
iii. Billionaire Richard Branson’s Virgin Atlantic was the first airline to have used biofuel to fly London-Amsterdam ten years ago.

Bombay Natural History Society (BNHS) opens its first regional centre near Chilika Lake

Bombay Natural History Society (BNHS) opens its first regional centre near Chilika Lake
On August 27, 2018, Bombay Natural History Society (BNHS) opened its first regional centre in Chilika.

i. The regional branch was inaugurated in the premises of the Wetland Research and Training Centre (WRTC) of the Chilika Development Authority (CDA) at Chandrapur in Chilika.
ii. The branch would be engaged in the following activities:

  • Identifying the air route of the foreign birds flocking the Chilika lake during winter,
  • Sample collection,
  • Training related to bird census,
  • Publishing bird migration atlas books,
  • Examining various diseases among the birds and
  • To review the condition of the Nalabana bird sanctuary along with counting the birds.

iii. These activities would be carried out with the CDA and the Forest Department.
Background:
♦ BNHS has been promoting conservation of nature in India since its establishment in 1883.
♦ The Chilika Lake hosts one million birds with 97 species of intercontinental migratory birds.
BNHS:
♦ Director: Deepak Apte.
♦ Headquarters: Mumbai.

8th India – Kenya Joint Trade Committee meeting held in Nairobi, Kenya from August 22-25, 2018

8th India - Kenya Joint Trade Committee meeting held in Nairobi, Kenya from August 22-25, 2018
From August 22-25, 2018, the 8th meeting of India-Kenya Joint Trade Committee was held in Nairobi, Kenya.

i. The meeting was co-chaired by :
Indian side: Union Minister of Commerce & Industry and Civil Aviation, Mr.Suresh Prabhu and,
Kenya’s Side: Cabinet Secretary (Minister) for Industry, Trade and Cooperatives, Government of Kenya Mr. Peter Munya.
ii. The discussions during the meetings covered:

  • India’s role in Kenya’s Big Four Agenda– food security, affordable housing, universal healthcare and manufacturing, expansion and diversification of bilateral trade,
  • Kenya’s readiness to join the International Solar Alliance,
  • implementation of Lines of Credit of over US$ 220 million, by Government of Indiain power transmission, SMEs development, revival of the Rivatex factory and agricultural mechanization,
  • implementation of decisions taken during the high level exchanges,
  • cooperation in health,
  • blue economy,
  • agro-processing sectors and
  • WTO related issues; and training & capacity building programmes offered by India.

iii. The last meeting of Joint Trade Committee was held in New Delhi in February 2015.
Other announcements/ news:
i. A meeting of India-Kenya Joint Business Council was held on the side-lines of the Joint Trade Committee meeting.
ii. Emphasis on research and design in products specific to Kenyan needs was discussed.
iii. Indian businesses were told to carry out a market study to identify priority areas for bilateral cooperation.
Background:
India is one of Kenya’s largest trade partners and the second largest foreign investor in Kenya. Indians are the third-largest group of tourists to Kenya.
Kenya:
♦ Capital: Nairobi.
♦ Currency: Kenyan Shilling.
♦ President: Uhuru Kenyatta.

2-day G20 Digital Economy Ministerial Meeting held in Salta, Argentina from August 23-24, 2018


From August 23-24, 2018, the G20 Digital Economy Ministerial Meeting was held at Salta’s Fine Arts Museum, and  Salta Convention Centre in Salta, Argentina.
i. It was chaired by Andrés Ibarra, Argentine Minister of Modernization, and Lino Barañao, Argentine Minister of Science, Technology and Innovative Production.
ii. It is a part of Sherpa Track for the 2018 G20 Leader’s Summit, which is to be hosted by Argentina at the end of 2018.
iii. The theme for the 2018 meeting was : ‘Building consensus for fair and sustainable development’ .
iv. The agenda of the meeting was on 3 issues: the future of work, infrastructure for development, and a sustainable food future.
v. The meeting consisted of 30 heads of delegation from the G20 countries.
vi. Participants also discussed on:

  • Digital government, digital inclusion,
  • Digitalization of SMEs and entrepreneurship,
  • Consumer protection in digital environments,
  • The adoption of emerging technologies such as artificial intelligence and the Internet of things in sectors like manufacturing and agriculture, and
  • To bridging all forms of digital divide with special attention to digital gender divide.

vii. The G20 countries agreed on the G20 common goal of promoting universal and affordable access to the internet by all people by 2025.
viii. They agreed on proposals to reduce digital gender divide including building capacity to improve data collection, addressing cyber violence andcontinuing sharing policies and actions through initiatives such as #eskills4girls and EQUALS.
Background:
The G20 is made up of 19 countries and the European Union. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States.

Punjab National Bank tops in digital transaction: Department of Financial Services


On August 27, 2018, according to a report of Department of Financial ServicesPunjab National Bank has been rated as number one state-owned bank in terms of digital transactions.
i. The bank is rated as ‘Good’ by the government with a score of 71 which is the highest category of performance.
ii. In Digital performance, it ranked sixth overall amongst all banks.
About Punjab National Bank:
♦ Headquarters: New Delhi.
♦ Founded: 1894.
♦ The bank is expecting Rs 6,500 crore from the sale of its 33% stake in PNB Housing Finance.
♦ In the first half of the financial year the bank hopes to recover about Rs 22,000 crore of bad loans.

Current account deficit to hit 2.8% of GDP in FY19: SBI report Ecowrap


On August 27, 2018, according to a report named Ecowrap published by SBI, the current account deficit of the country will rise to 2.8% of the GDP in the current financial year.
i. This is due to rise in oil prices and moderate growth in exports.
ii. The merchandise trade imbalance is also expected to rise to USD 188 billion in FY19, compared with USD 160 billion in FY18.
iii. In July , the trade deficit jumped to USD 18 billion.
iv. The CAD is still expected to be majorly financed by non-debt creating (FDI and FPI) capital inflows having around 44 per cent of the total capital flows.
v. This is expected to turn the country’s overall balance of payment into deficit mode after six years, leading to forex reserves depletion of USD 16 billion (0.6 per cent of GDP) in FY19.

vi. Also, the trend of the manufacturing goods imports remains the same and within manufacturing, imports of electronic goods have declined on annual basis so far in 2018.

DBS named world’s best bank for its digital innovation: Global Finance magazine

DBS named world's best bank for its digital innovation: Global Finance magazine
On August 27, 2018, Global Finance magazine named DBS Bank as the world’s best bank for digital innovation while still maintaining stable operations for its customers.

i. It is the first Asian bank to receive the accolade.
ii. It was given to  ING Bank in 2017.
Other banks that received accolades include:

  • Best Corporate Bank: Japan’s Mitsubishi UFJ Financial Group.
  • Best Derivatives Bank: France’s Societe Generale.

About Achievements of DBS Bank:
i. In 2016, finance magazine Euromoney named DBS the world’s best digital bank.
ii. It also received the Asia’s best bank title.
iii. In 2014, Ms Tan Su Shan, DBS’ group head of consumer banking and wealth management, was recognised as the world’s best leader in private banking at the PWM/The Banker Global Private Banking Awards.
About Digital innovation by DBS Bank:
i. DBS started its digital transformation in 2014.
ii. Recently, it has launched POSB Smart Buddy, a savings and payments programme where children use smartwatches issued by the bank.
DBS Bank:
Headquarters: Singapore.

Indiabulls Ventures appoints former NPCI MD Abhaya Prasad Hota as Independent Director


On 25th August 2018, Indiabulls Ventures appointed Abhaya Prasad Hota, as an independent director on the board for a period of 3 years.
Abhaya Prasad Hota – Independent Director of Indiabulls Ventures:
i. Abhaya Prasad Hota is a former managing director at the National Payments Corporation of India (NPCI). He was involved in designing the operating payments eco-system.
ii. He had worked with the Reserve Bank of India (RBI) for 27 years. He had played a major role in launching payment systems like MICR (Magnetic Ink Character Recognition), RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) and Aadhaar based system with UIDAI (Unique Identification Authority of India).
iii. He is a consultant to the World Bank, SWIFT India Domestic Services (Trade Digitisation Project) and Bombay Stock Exchange.
iv. He is on the board of PNB Metlife Insurance, Federal Bank, IDBI Intech and Motilal Oswal Asset Management Company.
About Indiabulls Ventures:
♦ Purpose – offers securities and derivative broking services
♦ CEO – Divyesh Shah

Goldman Sachs appoints ex-RBI research head Prachi Mishra as MD and chief India economist

Goldman Sachs appoints ex-RBI research head Prachi Mishra as MD and chief India economist
On 27th August 2018, Goldman Sachs appointed Prachi Mishra as the managing director and chief India economist.

Prachi Mishra – MD and chief India economist of Goldman Sachs:
i. Prachi Mishra will be based in Mumbai. Earlier, she was the deputy division chief of the western hemisphere department at the International Monetary Fund (IMF).
ii. She was the head of the strategic research unit at the Reserve Bank of India (RBI) from February 2016 to May 2017. She was also a specialist adviser at the RBI between November 2014 and February 2016.
iii. She was the first lateral recruit at the RBI. She also worked as a senior economist at IMF and the Finance Ministry of India.
iv. Goldman Sachs has been serving Indian clients since 1990s. It set up an onshore presence in India in December 2006. It is also an active investor in India.
About Goldman Sachs:
♦ Type – global investment banking, securities and investment management firm that offers financial services to corporations, financial institutions, governments and individuals
♦ Founded – 1869
♦ Headquarters – New York

NASA’s OSIRIS-REx spacecraft catches its first image of its target Bennu asteroid

 


NASA’s OSIRIS-Rex (Origins, Spectral Interpretation, Resource Identification, Security-Regolith Explorer), an asteroid sampling spacecraft, caught its first image of asteroid Bennu, last week after a 2-year journey.
NASA’s OSIRIS-REx spacecraft catches its first glimpse of Bennu asteroid:
i. OSIRIS-Rex has started its final approach towards its target asteroid Bennu. The mission’s asteroid operations started on 17thAugust.
ii. OSIRIS-Rex’s PolyCam camera secured the image from a distance of 1.4 million miles (2.2 million km).
iii. OSIRIS-REx is the first mission of NASA to visit a near-Earth asteroid. It will survey the surface, collect a sample and deliver it to Earth.
iv. It has travelled nearly 1.1 billion miles (1.8 billion km) since it was launched on 8th September 2016. It will arrive at Bennu on 3rd December 2018.
v. It will spend the next few months learning about Bennu’s size, shape, surface features, and surroundings.
vi. OSIRIS-REx will use its science instruments to collect information about Bennu and prepare for arrival.
vii. Its science payload are: the OCAMS camera suite (PolyCam, MapCam, and SamCam), the OTES thermal spectrometer, the OVIRS visible and infrared spectrometer, the OLA laser altimeter, and the REXIS x-ray spectrometer.
viii. Bennu has low gravity, which will be a challenge for the mission. Bennu’s diameter is nearly 0.3 miles (500 meters). It will be the smallest object that any spacecraft has orbited.
ix. After collecting sample OSIRIS-REx will return to Earth. It will eject the Sample Return Capsule for landing in the Utah desert in September 2023.
About NASA’s OSIRIS-Rex:
♦ Overall mission management, systems engineering and safety and mission assurance provided by – NASA’s Goddard Space Flight Center
♦ Principal investigator – Dante Lauretta
♦ Science team lead and the mission’s science observation planning and data processing – University of Arizona
♦ Spacecraft built and flight operations provided by – Lockheed Martin Space in Denver
♦ Responsible for navigating OSIRIS-REx – Goddard and KinetX Aerospace
♦ OSIRIS-REx is the 3rd mission in NASA’s New Frontiers Program
♦ NASA’s New Frontiers Program is managed by – NASA’s Marshall Space Flight Center in Huntsville, Alabama

North Korea to host 2019 Asian youth weightlifting championships from Oct 27, 2019


On August 27, 2018, North Korea announced that it would be the host for the 2019 Asian Youth and Junior Weightlifting Championships that will commence from October 27, 2019.
i. The Asian Weightlifting Federation and North Korea’s Sports Minister Kim Il Guk signed an agreement for the championship to be held in capital Pyongyang.
ii. Earlier in September 2013, the Asian Cup and Interclub Junior and Senior Weightlifting Championship was held in North Korea.
Background:
After the UN Security Council barring North Korea over its nuclear weapons and ballistic missile programmes, it lost the right to hold the 2018 Junior World Weightlifting Championships.
The Youth Junior World Judo Championships were also pulled off.
North Korea:
♦ Capital: Pyongyang.
♦ Currency: North Korean won.
♦ Supreme Leader: Kim Jong-un.

Pakistan’s Mohammed Irfan bowls 23 Dot Balls, sets record for Most Economical Spell in T20 history


On August 27, 2018, Pakistani fast bowler Mohammad Irfan set the world record for the most economical four-over bowling figures in the history of T2cricket.
i. This feat was achieved while playing for Barbados Tridents in the Caribbean Premier League 2018.
ii. He bowled  23 dot balls in a row, picking two wickets in the process.
iii. This record was previously shared by South Africa’s Chris Morris and Sri Lanka’s Chanaka Welegedara.

Neil Simon, Broadway’s master of comedy, dies at 91

Neil Simon, Broadway's master of comedy, dies at 91
On 26th August 2018, Neil Simon, a playwright and Broadway’s master of comedy, died following complications from pneumonia in Manhattan, United States.

i. Neil Simon was 91 years old. He was a playwright and had also written for movies.
ii. He had received: 4 Tony Awards, the Pulitzer Prize, the Kennedy Center honors (1995), 4 Writers Guild of America Awards, an American Comedy Awards Lifetime Achievement honor, Mark Twain Prize for American Humor (2006).
iii. In 1983, a Broadway theater was named after him as the Neil Simon Theatre.
iv. Some of his important works are: Barefoot in the Park, The Odd Couple, Plaza Suite, The Prisoner of Second Avenue, The Sunshine Boys etc.

John McCain, US senator and former presidential candidate, dies at 81

John McCain, US senator and former presidential candidate, dies at 81
ON 25th August 2018, US senator John McCain passed away after fighting glioblastoma, a form of brain cancer, in United States.

i. He was 81 years old. He was a 6-term Republican senator and presidential nominee. He had spent more than 30 years in the Senate. He was elected to the House of Representatives in 1983.
ii. He was one of the most influential US politicians of his generation. Before entering politics in 1980s, he served as a pilot in the US Navy. He was held as a prisoner of war camp for 6 years during the Vietnam War.

Question of the day | Legal terms Lists August 27, 2018

Question of the day

Principle: A master shall be liable for the fraudulent acts of his servants committed in the course of employment.

Facts: Shraddha owned 2 cottages and not satisfied with the income, approached the office of Duke & Co., a firm of solicitors for consultation. The managing clerk, Prateek advised her to sell cottages & invest the money in a better way. She was asked to sign 2 documents supposed to be sale deeds but were actually the gift deeds in the name of Prateek. He then disposed off the property & misappropriated the proceeds thereby acting solely for the personal benet & without the knowledge of Duke & Co. Whether Duke & Co is liable?
(a) Duke & Co shall be liable to compensate Shraddha for the fraudulent act of
Prateek
(b) Duke & Co shall not be liable because Prateek was acting for his own benet
(c) Duke & Co had no knowledge of fraud therefore not liable
(d) None of the above.

Legal Terms of the day

1. In lieu of – Instead of.

2. In personam – A proceeding in which relief I sought against a specific person.

3. Innuendo – Spoken words which are defamatory because they have a double meaning.

4. In status quo – In the present state.

5. Jus in personam – Right against a specific person.

 

Today’s Answer of the Question: A

Explanation: Here, Duke & Co is liable because Prateek was acting in the course of employment. Although Prateek was acting for his own benet, as per the principle it will be considered as a fraudulent act of the servant. Hence, the master shall be liable.

DAILY CURRENT AFFAIRS August 27, 2018

Bhopal and Kolkata topped in CSE rankings of ‘Urban Commute’ on clean transportation

Bhopal and Kolkata topped in CSE rankings of ‘Urban Commute’ on clean transportation
On August 26, 2018, the New Delhi-based think tank, Centre for Science and Environment (CSE) released its analysis – titled The Urban Commute in Kolkata on pollution in urban commute.
Objective:
To understand the way people travel how it contributes to air pollution and energy consumption.
About the analysis:
i. It is a study analyzed by CSE that ranks the 14 cities on the basis of emissions of heat-trapping carbon dioxide and toxic pollutants in urban commute.
ii. The 14 cities studied include Delhi, Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad (henceforth called megacities); and Ahmedabad, Pune, Jaipur, Lucknow, Kochi, Bhopal, Vijayawada and Chandigarh (grouped as metropolitan cities).
The Rankings as per the study:
Overall emissions and energy consumption:

Rank City
1 Bhopal
2 Vijayawada
3 Chandigarh
4 Lucknow
5 Kochi
6 Jaipur
7 Kolkata
8 Ahmedabad
9 Pune
10 Mumbai
11 Hyderabad
12 Bengaluru
13 Chennai
14 Delhi

Per-travel trip emissions and energy consumption:

Rank City
1 Kolkata
2 Mumbai
3 Bhopal
4 Delhi
5 Ahmedabad
6 Lucknow
7 Vijayawada
8 Pune
9 Jaipur
10 Chennai
11 Bengaluru
12 Kochi
13 Chandigarh
14 Hyderabad

Other findings of the study:
i. The number of registered vehicles in the country to reach 105 million in a matter of 6 years between 2009 and 2015.
ii. Also overall transportation modes is expected to decrease from 75.5 per cent in 2000-01, to 44.7 percent in 2030-31.
iii. The green-gas emissions from transport (ranked 3rd source) has increased steeply.
iv. Following are the measures suggested by the CSE as per the study:

  • Cities need policies to stop urban sprawl;
  • Reduce distances between residence, jobs and recreation through compact urban forms;
  • Scale up integrated public transport, walkingand cycling; and
  • Put restraints on use of personal vehicles toavert pollution and climate crisis.

Background:
Emission of greenhouse gas from transport is responsible for health-damaging toxic exposure. Growing dependence on personal vehicles for urban commuting can lead to irreversible negative trends and damage.
Centre for Science and Environment (CSE):
♦ Headquarters: New Delhi.
♦ Executive Director-research and advocacy: Anumita Roychowdhury

Tamil Nadu CM E.Palanisamy launches app, website on plastic pollution free Tamilnadu


On 23rd August 2018, Tamil Nadu Chief Minister E.Palanisamy launched an app and a website on plastic pollution free Tamilnadu.
i. He inaugurated a campaign to highlight the impact of plastic pollution. He appointed actor Vivek as the brand ambassador of the project.
ii. Tamil Nadu Government has announced plastic ban with effect from 1st January 2019.

TamilNadu CM Edappadi K Palaniswami lays foundation stone for Special Investment Region (SIR) at Krishnagiri


On 25th August 2018, Tamil Nadu Chief Minister K Palaniswami laid the foundation stone for developing a Special Investment Region (SIR) in Krishnagiri district, Tamil Nadu.
Special Investment Region (SIR) at Krishnagiri:
i. The Special Investment Region (SIR) is developed as part of Tamil Nadu’s efforts to enhance economic growth in northern parts of the state.
ii. The SIR will be developed by GMR Infrastructures Ltd and Tamil Nadu Industrial Development Corporation Ltd (TIDCO).
iii. The GMR Krishnagiri SIR will be developed on an area of 2,100 acres in Denkanikottai and Shoolagiri taluks of Krishnagiri.
iv. It will have world-class roads, drainage systems, water and sewage treatment plants, power and internet supply to attract investments.
v. The SIR is estimated to cost Rs 2,420 crore. It will be completed in 7-8 years. It will attract investments of nearly Rs 5,000 crore. It will generate jobs to nearly 60,000 persons.
About Tamil Nadu Industrial Development Corporation Ltd (TIDCO):
♦ Chairman and Managing Director – Ramesh Chand Meena
♦ Ownership – Tamil Nadu Government.

Reliance Power unit wins dispute and gets $56 million international arbitration award

Reliance Power unit wins dispute and gets $56 million international arbitration award
On August 26, 2018, Reliance Power Netherlands BV, a wholly owned subsidy of Reliance Power won an international arbitration award of $56 million (Rs 390 crore) from the Arbitration Tribunal regarding a dispute.

PepsiCo CEO Indra Nooyi to be honoured as Game Changer of the Year 2018: Asia Society

PepsiCo CEO Indra Nooyi to be honoured as Game Changer of the Year 2018: Asia Society
On August 26, 2018, Asia Society, a global cultural organization announced that PepsiCo’s CEO Indra Nooyi will be honoured with the Game Changer of the Year title of the 2018 Asia Game Changer Awards in October 2018.

Citi is the founding partner of Asia Society’s Asia Game Changer Awards.
Key Points:
About  the Game Changer of the Year Awardee:
i. She will be honored in recognition of her business achievements, humanitarian record and advocacy for women and girls around the world.
ii. Under her guidance, Pepsi had a life-saving collaboration with the United Nations on food, nutrition, global water, climate, and women’s empowerment issues.
Other awardees announced for the 2018 Asia Game Changer Awards are:

Person/Group Purpose Country of Representation
The Afghan Girls Robotics Team For overcoming obstacles and heartbreak — and emerging as champions for girls all over the world. Afghanistan
Dr. Munjed Al Muderis For courage that led to his freedom — and then groundbreaking work to give patients new hope Australia/Iraq
The Founders of Koolulam For spreading unity through song in one of the world’s most divided cities Israel
The Heroes of Fukushima For risking their lives to contain a nuclear disaster Japan
Mira Rai For defying steep odds, shattering records, and inspiring — and helping — millions of girls Nepal
The Rescue Team at the Tham Luang Cave For showing that faith, teamwork, and indomitable courage can work miracles Thailand
Raed Saleh and The Syrian White Helmets For game-changing, life-saving heroism — in the world’s most unforgiving and desperate places Syria
Wang Shi For championing the environment — from the cities of China to the farthest reaches of the planet China

About the award:
♦ The 2018 Asia Game Changer Awards will be given in October 2018.
♦ It is given to individuals and institutions who have broken barriers, defined courage, worked miracles, and in turn inspired their fellow citizens of the world.
About Asia Society:
♦ Headquarters: New York City, USA.
♦ Founded in 1956.

Lalchand Rajput appointed head coach of Zimbabwe cricket team


On August 26, 2018, former India opener Lalchand Rajput was appointed the head coach of Zimbabwe national cricket team by the Zimbabwe Cricket (ZC).
i. He is likely to remain in charge for the 2020 World T20 and beyond.
ii. He was earlier appointed as the interim head coach of Zimbabwe in May.
iii. He has been the manager of the MS Dhoni-led Indian team during the T20 World Cup in South Africa in 2007.
iv. He has secured Full Membership at the ICC and won six limited-overs series under Rajput Afghanistan.
v. He had also coached Assam and a team in Mumbai Premier League and had held administrative position in the Mumbai Cricket Association.
Zimbabwe:
♦ Capital: Harare.
♦ Currency: US Dollar, Euro, South African rand.
♦ President: Emmerson Mnangagwa.

BeiDou: Twin navigation satellites aboard  Long March-3B carrier rocket launched by China


On August 26, 2018, successfully sent twin BeiDou navigation satellites into the space on the Long March-3B carrier rocket  from Xichang Satellite Launch Center in southwest China’s Sichuan Province.
This was the 283rd mission of the Long March-3B carrier rocket.
Key Points:

i. They were developed by the Innovation Academy for Microsatellites of the Chinese Academy of Sciences.
ii. The twin satellites entered orbit more than three hours after the launch. They will work together with 10 other BeiDou-3 satellites already in orbit.
iii. They were named after the Chinese term for the Big Dipper and started serving China in 2000 and the Asia-Pacific region in 2012.

Lithium-ion batteries that will not catch fire has been developed


US Scientists have developed lithium-ion batteries that do not catch fire, using components that harden on impact.
i. Lithium-ion batteries are used in consumer electronics. They catch fire when damaged or improperly packaged.
ii. Researchers have developed a practical and inexpensive way to prevent these fires by utilizing the property of some liquids that solidify on impact.

Indian-American scientist finds simple way to detect inflammatory bowel disease (IBD)


Chander Mohan, an Indian-American scientist, has identified 50 protein biomarkers that can non-invasively detect inflammatory bowel disease (IBD).
i. IBD is caused when the body’s immune system fights its intestinal cells. It leads to diarrhea, abdominal cramps, blood in stools and weight loss.
ii. Chander Mohan is a professor at University of Houston in the US. He has received a grant of USD 347,490 from the Crohn’s & Colitis Foundation of America.
iii. He is examining stool protein biomarkers that indicate IBT along with Subra Kugathasan, an IBD expert and a gastroenterologist at Emory University in the US.

Japan wins its first FIFA U-20 Women’s World Cup title in France (Football)

Japan wins its first FIFA U-20 Women’s World Cup title in France (Football)
On 14th August 2018, Japan won its first FIFA U-20 Women’s World Cup title at the La Rabine Stadium in Vannes, France.

Japan wins first women’s world under-20 title:
i. Japan defeated Spain 3-1 in the final and won its first FIFA U-20 Women’s World Cup.
ii. England defeated France 4-2 and finished in the third position.
About FIFA U-20 Women’s World Cup:
♦ Dates – 5 – 24 August 2018
♦ Location – France

Gopal Bose : former Bengal cricket captain passes away at 71


On August 26, 2018, the former Bengal opener and captain Gopal Bose passed away at 71.
i. He started his career with the first-class cricket in the 1968-69 season and accumulated 3757 runs at an average of 30.79.
ii. He was part of India’s squad for the England tour in 1974 and played one one-day international.
iii. He was the selector and coach of the Bengal junior team.
iv. He was also appointed manager for the Virat Kohli-led India Under-19 side during the 2008 Under 19 World Cup.

Atal Ji Ne Kaha: A book on Atal Bihari Vajpayee launched

Atal Ji Ne Kaha A book on Atal Bihari Vajpayee launched
On 24th August 2018, “Atal Ji Ne Kaha” a book on former Indian Prime Minister Atal Bihari Vajpayee was launched by Prime Minister Narendra Modi.

Atal Ji Ne Kaha:
i. Atal Ji Ne Kaha has been written, compiled and edited by Brijendra Rehi. The book has been published by Darpan Publication.
ii. The book consists of 320 pages and 26 chapters. It has Atal Bihari Vajpayee’s select speeches on economy, policies, small industries, social development, nuclear programme, science and technology, terrorism etc.
iii. It also has his photographs and three interviews by Brijendra Rehi.
About Brijendra Rehi:

  • Doordarshan producer, senior journalist and then advisor to the former Highways Minister C P Joshi.
  • He is at present the editor of Jansamachar.com.
  • He started his career in 1965 from Nathdwara, Rajasthan.
  • He has written, produced and directed more than 200 documentaries and has published 12 book.

Question of the day | Legal Terms Lists August 25, 2018

Question of the day

 Principle: When a criminal act is done by several persons in furtherance of the common intention of all, each of such persons is liable for that act in the same manner as if it were done by him alone.

Facts: Shreya, Nidhi, and Neha were good friends and roommates in a hostel.
However, Shreya always use to score more than Nidhi and Neha in every subject. Nidhi and Neha were always jealous of this fact. So, to teach Shreya a lesson Nidhi and Neha decided to steal the mobile phone and the notebooks of Shreya. When Neha and Nidhi were stealing it, Shreya came and in panic Neha stabbed Shreya on her head. Are Neha and Nidhi liable for the offence of theft or murder?
(a) Both Nidhi & Neha will be liable for the offence of murder.
(b) Nidhi will not be liable for murder as she didn’t stab Shreya and will only be
liable for theft.
(c) Only Neha will be liable for liable for murder
(d) Nidhi will also be liable for murder because both of them were involved in the plan

Legal Terms of the day

1. Damnum sine injuria – Damage without injury.

2. De facto – In fact.

3. De jure – By law.

4. De novo – To make something a new.

5. Dictum – Statement of law made by judge in the course of the decision but not necessary to the decision itself.

 

Today’s Answer of the Question:  B

Explanation :  Nidhi will not be liable for murder here as per the principle there should be a common intention to commit a crime. However, here the common intention was to commit theft and not the murder. So, Nidhi will only be liable for theft and Neha will be liable for murder.

DAILY CURRENT AFFAIRS AUGUST 25, 2018

Government imposed standard environment clearing conditions for 25 sectors; Expert committee has been constituted


On August 24, 2018, to give proper general guidance to companies seeking environment clearance, the government has given standard environment clearing conditions for 25 sectors.
Objective:
This would ensure uniformity on stipulated terms and conditions across the projects and sectors.
Key Points:
i. The 25 sectors include: iron, steel, cement, coal, petroleum refineries industry, paper and pulp industries, hydro-electric projects, industrial estates, among others.
ii. The government has also constituted green panel called Expert Appraisal Committee (EAC) that would assess projects.
iii. The EAC can modify, delete and add conditions based on the project-specific requirements.
iv. Their recommendations would enable the Environment Ministry to grant the final EC.

5 Thematic Reports on Sustainable Development in Indian Himalayan Region launched by NITI Aayog

5 Thematic Reports on Sustainable Development in Indian Himalayan Region launched by NITI Aayog
On August 24, 2018, NITI Aayog released the 5 Thematic Reports on Sustainable Development in Indian Himalayan Region that had been prepared by the 5 Working Groups (WGs) in June 2017.

Objective:
The reports from the five working groups discuss the significance, the challenges, the ongoing actions and a future roadmap in that region.
Key Points:
i. The 5 themes include:

  • Inventory and Revival of Springs in Himalayas for Water Security,
  • Sustainable Tourism in Indian Himalayan Region,
  • Transformative Approach to Shifting Cultivation,
  • Strengthening Skill & Entrepreneurship Landscape in Himalayas and
  • Data/Information for Informed Decision Making.

Challenges faced by the Himalayan Region:
i. 30% of springs crucial to water security of people are drying and 50% have reported reduced discharge.
ii. Due to growth in Himalayan Tourism by 6.8% annually, there are challenges related to solid waste, water, traffic, loss of bio-cultural diversity etc.
iii. Critical issues of waste management and water crisis.
iv. Continuation of practice of slash and burn (shifting cultivation) is having an impact on ecological, food and nutritional security.
v. Migration of youth due to huge unskilled workforce.
Key messages and roadmaps for the challenges:
i. Spring Mapping and Revival using 8 steps protocol be taken up across Himalayan States in phased manner.
ii. Application of carrying capacity concept to all major tourist destinations, implementation and monitoring to be carried out in tourism sector by all the states and they will be given performance-based incentives for that.
iii. Assessment of nature & extent of Shifting Cultivation area, improving policy coherence, & improved access to related programs/schemes are key recommendations to transform shifting cultivation.
iv. Strengthening of skill & entrepreneurship in priority sectors, investment in trainers, assessors and training centers in industry partnership.
v. Having a Central Data Management Agency for Himalayas to provide data for data sharing, access, authenticity and comparability issues.
Important recommendations:
i. Setting up of a Himalayan Authority for coordinated and holistic development of entire Himalayan region.
ii. Launching of “Himalaya Calling”: An Awareness to Action Campaign as peoples movement.
iii. Setting up of

  • Mission on Spring Water Management in Himalayas,
  • National Mission/Program  on Transforming Shifting Cultivation in North Eastern States,
  • Skill and entrepreneurship development Centers in Himalayan States,
  • Institutions of high learning for mountain-specific research and technology,
  • Central Data Management Agency for Himalayan Database at GB Pant National Institute of Himalayan Environment and Development.

iv. Link with Hindukush Himalaya Monitoring and Assessment program (HIMAP).
Ministry for Development of North Eastern Region:
♦ Minister of State: Dr. Jitendra Singh.
♦ The North-Eastern Region of India comprises of eight states – Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura.

Committee of Secretaries approved setting up National Logistics Portal as a e-marketplace


On August 24, 2018, A committee of secretaries has approved a proposal by department of Commerce (DoC) to setup a National Logistics Portal (NLP).
Objective:
To ease transportation of goods across the country and export.
Key Points:
i. The portal is being planned in three phases-

  • development of a logistics e-marketplace whose test run is being planned by March,
  • single window certification by bringing in 81 authorities on board and
  • integrating financial services on the platform.

ii. It will have a common online platform to integrate all transactions involved in their production and export.
iii. It will acts as a single window online marketplace, to link all the stakeholders.
iv. It will connect buyers with logistics service providers with all the government agencies such as customs, Port Community Systems, Sea and AirPort terminals, Shipping lines, Railways, among others.
v. Customs department Icegate will also get integrated with the portal.
vi. Global Consultancy KPMG would develop a mobile app for this purpose as well
Background:
♦ Logistics costs in India are pegged at 13-14% of the GDP, and the government aims to reduce it to 10% by 2022.
♦ The major challenges are multiple regulatory policy regimes, no seamless movement of goods and lack of single window clearance and coordination among various stakeholders.

Punjab Cabinet approves bill for price stabilization fund


On August 24, 2018, he Punjab cabinet approved a bill for creation of a price stabilization fund. This decision was taken by the cabinet meeting chaired by Chief Minister Amarinder Singh.
Objective:
This would ensure that state farmers get minimum support price (MSP).
Key Points:
i. It would protect the interests of farmers in the event of a sudden fall in prices of certain agricultural commodities.
ii. Amendments will be made to sections 25 (A), 26 and 28 of the Punjab Agricultural Produce Markets Act, 1961.
iii. It will ensure that a fraction of the commission charged by the arhtiyas (commission agents) are directed towards the agricultural produce price stabilisation fee.
iv. Additionally, the rules of the market development fund and market committee fund would also be amended by insertion of a new clause (XXII) after sections 26 & 28 of the Punjab Agricultural Produce Markets Act, 1961.
v. This will enable these funds to be used in the price stabilization fund.
Background:
The step was taken in view of the pitiable condition of the farmers in the state, pushing many of them to suicide in the recent past.
Punjab:
♦ Capital: Chandigarh.
♦ Chief Minister: Amarinder Singh.
♦ Governor: V. P. Singh Badnore.
♦ National Parks: Abohar WLS, Bir Bhadson WLS, Jhajjar Bacholi WLS, Nangal WLS, Kathlaur Kushlian WLS, Harike Lake WLS, Bir Motibagh WLS.
♦ Nicknames of cities in Punjab :

Patiala Royal City.
Ludhiana Manchester of Punjab
Amritsar Holy City

Odisha Chief Minister Naveen Patnaik inaugurated a few projects and announced the upcoming investor summit in November 2018.


On August 24, 2018, Odisha Chief Minister Naveen Patnaik inaugurated several projects through video conferencing.
Odisha government also announced its partnership with Japan for its mega investment summit named Make in Odisha Conclave, scheduled to be held in Odisha on November 11-15, 2018.
Key Points:
Important announcements:
i. Chief Minister Naveen Patnaik also inaugurated two industrial projects and laid the foundation stone of 13 manufacturing units.
ii. The cumulative cost of these projects are Rs. 2,901.2 crore.
iii. Of that 15 projects will provide employment to nearly 3,091 people in the State.
iv. The first edition of investment summit ‘Make in Odisha Conclave’ was in 2016. It saw the State receive investment intent of more than Rs.2 lakh crore across 10 diversified sectors.
v. OCL India Ltd, the flagship company of Dalmia Cement (Bharat) Ltd, topped the list of investors with `1,994.98 crores
vi. It is followed by IFFCO, Jyoti Solar Solutions Pvt Ltd, Grasim Industries Ltd, Indo Nissin Foods Pvt Ltd and Hindustan Urban Infrastructure Limited.
v. For better investments, the government has collaborated with IT majors like TCS and Infosys and networking giants such as Reliance Jio and Cisco.
vi. The second edition of the flagship investors’ meet will be held from November 11 to 15, 2018.
About 2nd edition of Make in Odisha Conclave 2018:
i. In this summit, Japan will be the ‘partner country’ and State Bank of India will be the banking partner.
ii. It will be the only country partner for Make in Odisha Conclave-2018.
iii. This would include investment opportunities in the state across six focus sectors including food processing and seafood, chemicals, plastics and petrochemicals, ancillary and downstream industries in the metal sector, electronic manufacturing, textiles, apparel and tourism.
iv. The state has also earmarked 600 acres of land in Bhubaneswar for the Japanese investors.
v. It will be used to develop a multi-product park where companies from Japan can come and set up their units.
Odisha:
♦ Lakes : Chilika Lake, Kanjia Lake, Anshupa Lake, Balimela Reservoir.
♦ Dams: Rengali Dam, Kala dam, Pitamahal Dam, Kansbahal Dam, Tikhali Dam, Deras Dam, Salia Dam, Ghodahada Dam, Kuanria Dam.

India’s Largest Business Incubator “Bhamashah Techno Hub” launched in Jaipur by Rajasthan Chief Minister Vasundhara Raje

India’s Largest Business Incubator "Bhamashah Techno Hub" launched in Jaipur by Rajasthan Chief Minister Vasundhara Raje
On August 24, 2018, Chief Minister of Rajasthan Vasundhara Raje launched India’s largest Business Incubator “Bhamashah Techno Hub” In Jaipur.

Objective:
It will provide free space, easier funding avenues and mentorship to startups.
Key Points:
i. The Rajasthan government announced setting up of a Rs 500-crore startup fund – Bhamashah Techno Fund. Out of the total amount, Rs 50 crore has been earmarked for green startups and Rs 100 crore for women startups.
ii. The hub has an 1.50 lakh square feet of incubation space and would be able to accommodate over 700 startup ventures.
iii. At the moment 180 startups have already set their base at the Bhamashah Techno Hub.
iv. The incubation center would offer free space, connectivity, easier funding, mentorship and exposure to budding startups.
v. It also hosts a digital museum and a tinkering lab for development of products, adaptive learning, and computational thinking.
Background:
The startups is a part of the iStart programme that also includes regular workshops, boot camps, expert sessions, access to investors, pitching sessions, among others.
Rajasthan:
Lakes: Anandsagar lake, Anasagar Lake, Diablab Lake, Balsamand Lake, Doodh Talai Lake, Fateh Sagar Lake, Gadi sagar Lake, Gaibsagar Lake, Jaisamand Lake.

SCO military drill in Russia from 22-29 August: Indian, Pakistani troops take part for the first time

SCO military drill in Russia from 22-29 August: Indian,Pakistani troops take part for the first time
On August 22, 2018, for the first time, the militaries of India and Pakistan are taking part in a mega anti-terror drill of the Shanghai Cooperation Organisation (SCO) named The Peace Mission 2018 in Russia.

i. India is participating in the drill for the first time since becoming a full member of the SCO in June 2017.
Objective:
It is aimed at expanding cooperation among the member countries to deal with terrorism and extremism.
Key Points:
i. The joint exercise is being conducted by the Central Military Commission of Russia from August 22 to August 29 at Chebarkul, Russia.
ii. At least 3,000 soldiers from China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan, India, and Pakistan are participating in the drill.
iii. The Indian contingent of 200 personnel is primarily composed of troops from infantry and affiliated arms and services along with the Indian Air Force.
iv. Ten representatives from Uzbekistan will serve as observers.
About SCO:
♦ The SCO was established in Shanghai in 2001, with China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan as founding members.
♦ It expanded to include India and Pakistan in 2017.

Indian Navy’s Biggest Ship, INS Vikramaditya will get an upgrade for Its Air Wing by Russian company

Indian Navy's Biggest Ship, INS Vikramaditya will get an upgrade for Its Air Wing by Russian company
On August 24, 2018, India’s only aircraft carrier INS Vikramaditya will be upgraded and fitted with a marine hydraulic system to boost the air operations of the ship for the first time.

i. This will be done by Technodinamika, a subsidiary of Russia’s Rostec State Corporation by May 2019.
ii. Hydraulics technology uses fluid pressure to power machines and the systems to be installed are named “GS-1MF” and “GS-3”.
iii. They will be used for refueling, cleaning and pressurization of hydraulic systems of aircraft and helicopters on board the INS Vikramaditya.
iv. More specifically, the GS-1MF hydraulic system is used in helicopters, while GS-3 is used in aircraft.
About Vikramaditya:
♦ It is currently the most powerful aircraft carrier of the Indian Navy.
♦ The $2.3 billion aircraft carrier came to India from Russia in January 2014. INS Vikramaditya was commissioned into the Indian Navy in November 2013 at the Sevmash shipyard in north Russia’s Severodvinsk.
♦ It’s based at its home port at Karwar in Karnataka.
♦ It is 284 metres long and 60 metres high and weighs 40,000 tonnes and is the biggest and heaviest ship in the Indian Navy. The air wing consists of 30 MiG 29K fighter jets and six Kamov helicopters.
About Technodinamika:
♦ It specialises in development, manufacturing and after-sale servicing for systems and equipment of civil and military aircraft.
♦ Headquarters: Moscow, Russia.

‘2gud’: Flipkart’s dedicated portal for Refurbished Goods has been launched


On August 24, 2018, Flipkart unveiled a dedicated portal ‘2Gud‘ for refurbished goods, including mobile phones, laptops, and tablets.
i. It is aimed to bring affordability, accessibility, and availability to the refurbished market.
ii. It would offer refurbished mobile phones, tablets, laptops and other electronic accessories along with a 3-12 month warranty.
iii. The platform would also allow customers to return their products
iv. It will soon be accessible through desktop browsers and a mobile application.
v. Every product that is sold on the platform will go through 47-step quality check and will be categorized in five grades based on their physical condition — ‘Like New’, ‘Superb’, ‘Very Good’, ‘Good’ and ‘Okay’.
vi. The company estimates the refurbished goods market in India to be worth $20 billion in the coming five to six years.
Flipkart:
♦ Headquarters: Bengaluru.
♦ 77% holding of Walmart.

Reliance Industries (RIL) became the first Indian company to cross Rs 8 lakh crore


On August 24, 2018, Reliance Industries (RIL) became the first Indian company to cross Rs 8 lakh crore market capitalization.

i. The company’s market valuation soared to Rs 8,04,247.76 crore.
ii. M-cap of TCS’ Rs 7,77,870 crore m-cap.
Other announcements:
i. While RIL is the first homegrown major to achieve this feat, the aggregate market capitalization of 15 Tata group companies comes to Rs 11.32 lakh crore.
ii. HDFC Group had recently crossed Rs 10 lakh crore.
Background:
On July 13, the market valuation of RIL surged past Rs 7 lakh crore mark, making it the second company after TCS to achieve this milestone.

Fortune’s 4th ‘Change the World’ list 2018 has been released; Reliance Jio tops the list

Fortune's 4th 'Change the World' list 2018 has been released; Reliance Jio tops the list
On August 24, 2018, Fortune released its 4th annual ‘Change the World’ List 2018.

Highlights :
i. Reliance Jio tops the list followed by Merck and Bank of America.
ii. Due to its 215 million subscribers and its since its launch in 2016, Jio has provided the public with ‘digital oxygen’”. Internet services has been declared as a basic human right by the UN.
iii. Apart from Reliance Jio, another Indian Company that has ranked is Mahindra and Mahindra in 23rd position.
iv. The 57 companies chosen for this year’s Change the World list hail from 19 countries.
The top 10 companies in the list are:

Rank Company Industry
1 Reliance Jio Telecommunications
2 Merck Pharmaceuticals
3 Bank of America Commercial Bank
4 Inditex Specialty Retailers
5 Alibaba Group Internet Services and retailing
6 Kroger Food and Drug Store
7 Xylem Industrial Machinery
8 ABB Industrial Machinery
9 Weight Watchers International Business Services
10 Hughes Network System Network and other  communications

About Fortune Change the world list :
♦ The Change the World list recognizes companies that have had a positive social impact through activities that are part of their core business strategy.
♦ Considering only companies with annual revenues of $1 billion or more, the list measures social impact, business results (profitability), the degree of innovation and corporate integration.

Paytm Partners with Alibaba to launch “Paytm AI Cloud for India”

Paytm Partners with Alibaba to launch “Paytm AI Cloud for India”
Paytm has launched “Paytm AI Cloud for India” for developers, start-ups, and enterprises in partnership with Alibaba, a global tech giant.

Paytm AI Cloud for India:
i. This is a made-in-India AI-powered cloud. It offers ready-to-use services to automate workflow, easy to integrate payments, messaging and customer engagement without the trouble of managing hardware and software, in-built CRM, Campaign Management.
ii. It also offers affordable, easy-to-access computing services, ready-to-use apps, pattern recognition technology, pre-trained models and predictive computation to businesses.
iii. The data centre and cloud service are provided in partnership with Alibaba. Processing and storage of all consumer data will be done in servers located in India.
iv. Paytm will soon provide enterprise-messaging solutions in partnership with DingTalk.
About Paytm:
♦ CEO – Vijay Shekhar Sharma
♦ Headquarters – Noida, Uttar Pradesh

Anil Kumar Pathak takes over as Member (Planning) at Airports Authority of India (AAI)


On 21st August 2018, Anil Kumar Pathak took charge as Member (Planning) at the Airports Authority of India (AAI).
Anil Kumar Pathak – Member (Planning) at AAI:
i. Earlier, Anil Kumar Pathak was Executive Director of Planning and Engineering at the headquarters.
ii. He had also worked in Corporate Planning, Traffic Forecasting, and Airport Infrastructure Planning. AAI manages over 120 airports in various parts of India.
About Airports Authority of India (AAI):
♦ Chairman – Guruprasad Mohapatra
♦ Headquarters – New Delhi
♦ Ownership – state-owned

U K Varma appointed as the new Assocham Secretary General


On August 23, 2018, Industry chamber Assocham appointed former bureaucrat Uday Kumar Varma as its new Secretary General.
i.  He will succeed DS Rawat.
ii.Mr.Varma was a former Secretary, Ministry of Information and Broadcasting, Government of India.
iii. He has served administrative role in the state government of Madhya Pradesh as well.
Assocham President: Sandeep Jajodia.

NASA’s 2 virtual reality apps: NASA Selfies app and NASA’s Exoplanet Excursions, lets you click selfies with galaxies


NASA (National Aeronautics and Space Administration) has designed 2 virtual reality applications named: NASA Selfies app and NASA’s Exoplanet Excursions, to celebrate the 15th anniversary of the Spitzer Space Telescope.
i. Through the NASA Selfies app users can take selfies in a virtual spacesuit and can pose in front of various cosmic locations.
ii. The NASA’s Exoplanet Excursions takes the users on a virtual guided tour of the TRAPPIST-1 planetary system.
iii. Users are taken around 5 planets. Spitzer telescope detects these planets and provides information about the planets.

New antibiotic candidate identified in human body


Scientists have identified a new antibiotic candidate in the human body that would help in developing new drugs that can be used against drug-resistant bacteria.
Key Points:
i. Researchers from the MIT and the University of Naples Federico II in Italy have found that fragments of the protein pepsinogen used to digest food in the stomach, can kill bacteria like Salmonella and E. coli.
ii. Pepsinogen breaks down proteins in food. Hydrochloric acid is secreted by the cells lining the stomach.
iii. Hydrochloric acid mixes with pepsinogen and converts it into pepsin A that digests proteins, and into various other small fragments.
iv. Earlier the functions of these fragments were unknown. Now, it has been found that these fragments work as antimicrobial candidates.
v. A study regarding this has been published in the journal ACS Synthetic Biology.
vi. Three pepsinogen fragments were tested against a skin infection in mice. It was found that the peptides reduced the infections.
vii. Researchers have planned to modify these peptides to use them as antibiotics.

The Oldest, Thickest Arctic Sea Ice Is Breaking For the First Time on Record


Some of the oldest and thickest sea ice in the Arctic Sea has broken down for the first time in recorded history.
Key Points:
i. The ice has broken twice in 2018.  This has opened waters north of Greenland that are usually frozen even in summer.
ii. This has happened partially due to the result of heat waves caused by climate change and warm winds. This could threaten the survival of Arctic seals and polar bears.
iii. As per satellite images of NASA Worldview, the ice has become brittle and mobile. It is retreating back from the Northern coast of Greenland, due to the winds in February and early August 2018.
iv. As per Norwegian Ice Service data, ice cover in the Arctic is 40 % below the average for this time of the year.
v. The melted portion will freeze again. But it will take longer than usual. In March 2018, the extent of the sea ice was the second-lowest on record for winter.
vi. As per NASA data, September Arctic sea ice, which is usually its lowest, is reducing at a rate of 13.2 % per decade.
About National Aeronautics and Space Administration (NASA):
♦ Administrator – Jim Bridenstine
♦ Headquarters – Washington, D.C., U.S.

FIFA takes control of Uruguayan football association (AUF)


FIFA (International Federation of Association Football) has taken temporary control over the Uruguayan Football Association (AUF) due to governance issues.
Key Points:
i. AUF’s president Wilmar Valdez resigned from his position in July 2018, just before a day he was to stand for re-election. The election was put on hold.
ii. FIFA will look over a transparent election for a new president for AUF. A normalization committee will be formed to run AUF till 28th February 2019.
iii. Uruguay campaigns with Argentina and Paraguay to host the 2030 Football World Cup.
About FIFA (International Federation of Association Football):
♦ President – Gianni Infantino
♦ Headquarters – Zurich, Switzerland

Veteran pacer Jhulan Goswami retires from T20Is

Veteran pacer Jhulan Goswami retires from T20Is
Indian cricketer Jhulan Goswami has announced her retirement from Twenty-20 Internationals (T20Is). She will only play ODIs hereafter.
Retirement of Jhulan Goswami:
i. Jhulan Goswami is 35 years old. She represented India in 68 T20Is and has taken 56 wickets at an economy rate of 5.45.
ii. She played her first T20I in August 2006. She has played 10 Tests and 169 ODIs so far.
iii. At present, she is the leading wicket-taker in the women’s ODI format. She is also the first woman cricketer to take 200 ODI wickets.

Question of the day | Legal Terms Lists August 24, 2018

Question of the day

Question: Nitin started to drive his Tata Nano in the highway after gulping down two bottles of whiskey. Isaac was driving his Reva NXR with the headlights turned off. They collided resulting in an injury on Isaac’s head. Nitin, who was highly intoxicated, had only a narrow chance to avoid the collision, but because of the high levels of alcohol in his blood, he was unable to do so. Isaac sued Nitin for negligence. Will he succeed?

Principle: A person is liable for the tort of negligence if he breaches a legal duty of care he owes to the plaintiff, and the plaintiff suffered a damage resulting from this breach.

  1. Yes, because Nitin should be taught a lesson.
  2. Yes, because Nitin breached the duty of care that he owes to the other people commuting on the highway.
  3. No, because Isaac provided Nitin with only a narrow window of time to avoid the collision.
  4. No, because they had no business driving on the highway late into the night.

Legal Terms of the day

1. Will – a legal document which people use to bequeath (leave as a gift) money and property when they die.

2. Winding up – disposing of all a company’s assets and paying all its debts. Any money left is then divided among the members.

3. With out prejudice – when written on a document, the document cannot be used as evidence that a contract or agreement exists.

4. Witness – someone who:

  • watches a signature being put on a document,and then signs as well to verify the signature’s authenticity;or
  • attends court to testify about events they know about.

To witness a document is to watch it being signed and then add your own signature and name, address and occupation.

5. Words of art – words which have a fixed meaning in law so that their use in a legal document can have only one interpretation.

 

Today’s Answer of the Question: B

 

DAILY CURRENT AFFAIRS AUGUST 24, 2018

2 day Visit of Japanese Defence Minister Itsunori Onodera to India on 19-20 August 2018


i. The Defence Minister of Japan Mr. Itsunori Onodera visited India for the first time for 2 days at the invitation of the Defence Minister of India Smt Nirmala Sitharaman from 19 to 20 August 2018.
ii. Defence Minister of Japan called on the Prime Minister at the Annual Defence Ministerial Meeting
iii. In the Raisina Dialogue, the flagship conference supported by the Government of India,  Japanese Chief of Staff, Joint Staff from the Defence Ministry of Japan participated for the first time.
Following MOUs signed :

  • Exchanges between the Japan Ground Self-Defence Force (JGSDF) and the Indian Army
  • Exchanges between the Japan Maritime Self-Defence Force and the Indian Navy
  • Exchanges between the Japan Air Self-Defense Force and the Indian Air Force
  • Cooperation and exchange between Education and Research Exchanges.

President inaugurated “International Buddhist Conclave 2018”

President inaugurated “International Buddhist Conclave 2018”
On 23rd August 2018, Indian President Ram Nath Kovind inaugurated the “International Buddhist Conclave (IBC), 2018” at Vigyan Bhawan, New Delhi.
International Buddhist Conclave (IBC), 2018:
i. The Minister of State (Independent charge), K.J. Alphons presided over the inaugural function. The Conclave is held for 4 days till 26th August 2018.
ii. It is organized by the Ministry of Tourism along with the State Governments of Maharashtra, Bihar and Uttar Pradesh.
iii. The conclave is held in New Delhi and Ajanta (Maharashtra). Site visits will be held in Rajgir, Nalanda and Bodhgaya (Bihar) and Sarnath (Uttar Pradesh).
iv. Ram Nath Kovind launched the Ministry of Tourism website on important Buddhist sites: indiathelandofbuddha.in. A new film on Buddhist sites in India was also launched.
v. Delegates from 29 countries are taking part in the Conclave: Australia, Bangladesh, Bhutan, Brazil, Cambodia, Canada, China, France, Germany, Hong Kong, Indonesia, Japan, Lao PDR, Malaysia, Mangolia, Myanmar, Nepal, Norway, Russia, Singapore, South Korea, Slovak Republic, Spain, Sri Lanka, Taiwan, Thailand, UK, USA and Vietnam.
vi. This is the 6th International Buddhist Conclave. Theme of this conclave is: “Buddha Path – The Living Heritage”. Partner Country for IBC 2018 is Japan.
vii. This conclave aims to project the Buddhist Heritage in India and enhance tourism in Buddhist sites of India and develop friendly ties with countries and communities interested in Buddhism.
viii. An ‘Investors’ Summit’ is also organized by the Ministry of Tourism during the Conclave to attract investments to develop world class infrastructure at Buddhist sites.
ix. The Ministry of Tourism, India, organises the International Buddhist Conclave biennially.

Strong wage policies needed to promote inclusive growth in India: as per ‘India Wage Report: Wage policies for decent work and inclusive growth’

Strong wage policies needed to promote inclusive growth in India: as per 'India Wage Report: Wage policies for decent work and inclusive growth'
On 20th August 2018, ILO (International Labour Organization) released its ‘India Wage Report: Wage policies for decent work and inclusive growth’. This report states that, India needs to improve its wage policies to promote inclusive growth.
Strong wage policies needed to promote inclusive growth in India:
i. As per ILO’s report, low pay and wage inequality prevent India from achieving decent working conditions and inclusive growth.
ii. As per the report, nearly 33 % i.e. 62 million workers were paid less than the indicative national minimum wage. Also, the rate of low pay was higher in women.
iii. According to National Sample Survey Office (NSSO) estimates the real average daily wage has doubled between 1993–94 and 2011–12.
v. There has been faster growth in the most vulnerable categories like workers in rural areas, informal employment, casual workers, female workers and low-paid occupations. But, low pay and wage inequalities exist.
vi. Also the report states that, there is a lack of consensus with regard to the methodology used to determine the minimum wage rate. Both the central and state governments are not using it as a floor for determining minimum wages.
vii. Even though, overall wage inequality in India has reduced to some extent since 2004-05, it still continues to remain high.
viii. The gender wage gap reduced from 48 % in 1993-94 to 34 % in 2011-12, but still it remains high compared to international standards.
Recommendations by ILO:
i. To achieve inclusive growth through sustainable wage policies, ILO has recommended:

  • extending legal coverage to all workers in an employment relationship
  • ensuring full consultation of social partners on minimum wage systems
  • undertaking regular evidence-based adjustments
  • progressively consolidating and simplifying minimum wage structures
  • stronger measures to ensure a more effective application of minimum wage law

ii. Recommendations to improve the current minimum wage system in India:

  • promoting equal pay for work of equal value
  • formalizing the informal economy
  • strengthening social protection
  • fostering accumulation of skills to boost labour productivity
  • growth for sustainable enterprises

About ILO (International Labour Organization):
♦ Aim – to set labour standards, develop policies and devise programmes to serves the needs of working women and men
♦ Founded – 1919
♦ Director-General – Guy Ryder
♦ Headquarters – Geneva, Switzerland

Government unveils Draft International Air Connectivity (IAC) scheme for extending affordable air travel programme UDAN to international circuits


On 21st August 2018, Central Government launched Draft International Air Connectivity (IAC) scheme to extend affordable air travel programme UDAN (Ude Desh Ka Aam Nagrik) to international circuits.
Draft International Air Connectivity (IAC) scheme:
i. The draft International Air Connectivity (IAC) scheme aims to increase international ticketing to 20 crore by 2027.
ii. This will be made operational only for states that express commitment to implement and offer necessary support to promote operations under the scheme.
iii. As per the scheme, state governments will identify the routes to be connected, and airline operators will analyse demand on the identified routes and submit proposals for providing connectivity.
iv. Operations under this scheme will be allowed through fixed-wing aircraft only with more than 70 seats.
v. Stakeholders’ inputs and comments will be received till 4th September 2018. The scheme proposes to create an International Air Connectivity Fund (IACF).
vi. IACF is a dedicated fund to offer subsidy support under the scheme. It will be developed through the contributions of state governments.
About Ude Desh Ka Aam Nagrik (UDAN) scheme:
♦ Launched in – 2016
♦ Aim – to make air travel affordable for people through subsidised ticket rates and to provide air connectivity to smaller towns

Punjab Cabinet approves formation of State Higher Education Council


On 21st August 2018, the Punjab Cabinet approved the formation of the state higher education council to offer quality education.
Formation of State Higher Education Council in Punjab:
i. A bill regarding this will be introduced in the Punjab Vidhan Sabha. The Punjab State Higher Education Council will be headedby Punjab Chief Minister Amarinder Singh.
ii. Higher education minister will be the vice chairman. Administrative secretary, higher education will be the member secretary.
iii. Other members of the council: vice-chancellors of state universities, principals of government colleges and eminent persons from the fields of arts, science, technology, culture, industry etc.
iv. This council is formed to provide quality higher education in Punjab’s institutions through optimum sharing of resources between universities and colleges, for research purposes, academic and governance reforms, monitoring and evaluation of higher education institutions.
v. This will act as one of the pre-requisites of the next phase of Rashtriya Uchchtar Shiksha Abhiyan-2 (RUSA) for Punjab to receive grants.
vi. Next phase of RUSA began in June 2018. For this, funds of Rs 174 crore was approved by the Ministry of Human Resource Development in 60:40 Centre state ratio.
About Rashtriya Uchchtar Shiksha Abhiyan (RUSA):
♦ Launched – 2013
♦ Aim – to provide strategic funding to eligible state higher educational institutions
Initiative of – Ministry of Human Resource Development

Uttar Pradesh government to name upcoming Bundelkhand Expressway as Atal path


Uttar Pradesh government has decided to name the upcoming Bundelkhand Expressway as ‘Atal Path’ to honour former Prime Minister Atal Bihari Vajyapee.
i. A notification in this regard will be issued soon. The upcoming Bundelkhand Expressway is proposed as a 289-km, 4-lane, access-controlled highway.
ii.  It will start from Jhansi and passing through Chitrakoot, Banda, Hamirpur, Auraiya and Jalaun. It will reach Etawah and join Agra-Lucknow expressway.
iii.It is proposed to be developed by the Uttar Pradesh Expressway Industrial Development Authority (UPEIDA).
iv. Uttar Pradesh Chief Minister Adityanath had also announced that the Uttar Pradesh government will build 4 memorials in Atal Bihari Vajpayee’s name in Agra, Lucknow, Kanpur and Balrampur.
v. A formal announcement about the location of these memorials is yet to be made.

Release of Report on cyber-attacks in India by CERT-In

Release of Report on cyber-attacks in India by CERT-In
On August 23, 2018, according to a report by Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology, the maximum number of cyber attacks on official Indian websites are from China, US and Russia.
Key Points:
i. These reports have been made upon analysis of cyber attacks from April-June 2018.
ii. The institutions impacted by the malicious activities are:

  • Oil and Natural Gas Corporation (ONGC),
  • National Informatics Centre (NIC),
  • Indian Railway Catering and Tourism Corporation (IRCTC),
  • Railways, Centre for Railway Information Systems (CRIS) and
  • some banks like Punjab National Bank, Oriental Bank of Commerce, State Bank of India and
  • state data centres, particularly in Maharashtra, Madhya Pradesh and Karnataka.

iii. The intruding activities on Indian cyber space is as follows:

Country %
China 35
USA 17
Russia 15
Pakistan 9
Canada 7
Germany 5
Netherlands 4
North Korea 2
France 2
Others 4

iv. The intruders are targeting by sending spear phishing emails with malware attachments.
About CERT-In
♦ CERT-In is the nodal agency which deals with cyber security threats like hacking and phishing.
♦ It collects, analyses and disseminates information on “cyber incidents”, and also issues alerts on “cyber security incidents”.
About Phishing:
Phishing attacks are usually in the form of an email from a trusted source where they ask for personal details such as bank details personal details, passwords.

US imposes preliminary anti-dumping duties of over 50.55 % on India-made metal pipes


The United States has imposed preliminary anti-dumping duty of 50.55 % on India-made metal pipes.
Preliminary anti-dumping duties for India-made metal pipes:
i. This move has been made to protect the American industry and reduce the trade deficit.
ii. In January 2018, 6 US pipe manufacturers had filed antidumping complaint with the US Department of Commerce.
iii. On 21st August 2018, after preliminary analysis, the US Department of Commerce stated that, China, Greece, Canada, South Korea, Turkey and India were selling the large diameter-welded pipe used to transport oil, gas and other fluids very much below the fair price. This dumping is harmful to the US industry.
iv. US imports of the pipe from India amounted to USD 294.7 million in 2017.
v. Preliminary anti-dumping duties for the 6 countries:

  • India – 50.55 %
  • China – 132.63 %
  • Greece – 22.51 %
  • Canada – 24.38 %
  • South Korea – 14.97 to 22.21 %
  • Turkey – 3.45 to 5.29 %

vi. US Customs and Border Protection will collect cash deposits from these 6 importers. A final ruling will be made in November 2018, on whether the pipe from India and China is dumped into the US market.
vii. If it is found by the International Trade Commission that, the US industry was not harmed from the imports, the duties will be refunded.
viii. The final ruling will be made for Canada, Greece, Korea, and Turkey in January 2019.
What is Dumping:
When a foreign company sells an imported product at an artificially low price, it leads to dumping.

Ujjivan SFB launched overdraft facility for medium and small enterprises


On August 23, 2018, Ujjivan Small Finance Bank announced the launch of its overdraft facility for micro and small enterprises (MSE).
This is aimed at the MSEs who don’t have easy access to formal credit.
About the facility:
i. It would be offered to all MSEs with a turnover of Rs 50 lakh or more.
ii. This interest rate on the overdraft is for one year with a minimum credit of Rs 11 lakh to a maximum of Rs 50 lakh renewed on an annual basis.
iii. A key feature of the facility is that it allows MSE customers to pay EMI only on the utilised amount and repay the amount at any time during the tenure of the OD facility.
iv. The facility is an add-on product to the existing MSE term loans offered by the bank.
v. Ujjivan SFB also offers composite loans, where the overdraft facility can be combined with existing MSE term loan products.
About Ujjivan Small Finance Bank:
♦ Headquarters: Bengaluru.
♦ MD & CEO: Samit Ghosh.
♦ It started its banking operations in February 2017. It has over 300 branches with its presence across 24 states and union territories.

India’s growth in 2018, 2019 predicted at 7.5%: Moody’s


On August 23, 2018, according to Moody’s Investor services report called Global Macro Outlook for 2018-19, the Indian economy will grow by around 7.5 per cent in 2018 and 2019.
Key Points:
i. The main reasons behind this is : strong urban and rural demand  and improved industrial activity.
ii. Also due to the rise in energy prices the Headline inflation would rise as well temporarily.
iii. Earlier in in May, Moody’s cut the GDP from 7.5% to 7.3%.
iv. Retail inflation in India has been predicted to be around 5% and core inflation has risen to 6.2%.
v. The food inflation can be under control due to rise in farm output because of a good harvest.
Other Announcements:
i. The growth of the G-20 countries together has been predicted to be 3.3 per cent in 2018 and 3.1 per cent in 2019.
ii. Advanced economies will grow 2.3 per cent in 2018 and 2 per cent in 2019.
iii. G-20 emerging markets will grow at 5.1 per cent in both 2018 and 2019.
Moody’s Corporation:
Headquarters: New York, USA

Forbes released its 2018 top 10 highest paid lists:P.V. Sindhu,Akshay Kumar,Salman Khan ranked in top 10

Forbes released its 2018 top 10 highest paid lists; 2 Bollywood actors ranked in Forbes top 10 highest paid actors
On August 23, 2018, Forbes released its top 10 highest list on different categories and professions.
Top 10 highest Paid Actors 2018:
Highlights:
i. Together the top 10 highest paid actors got $748.5 million between June 1, 2017 to June 1, 2018.
ii. Only two Bollywood actors to make it to the list.
iii.  Akshay Kumar has emerged as the seventh highest-paid actor in the world by earning $40.5 million in 2018. He came in 10th rank in 2017.
iv. Salman Khan has been ranked in the ninth place with $38.5 million. He remained in the same spot as 2017.
The ranking is illustrated in the following table:

Rank Actor
1 George Clooney
2 Dwayne Johnson
3 Robert Downey Jr
4 Chris Hemsworth
5 Jackie Chan
6 Will Smith
7 Akshay Kumar
8 Adam Sandler
9 Salman Khan
10 Chris Evans

Top 10 highest Paid Sportswomen:
Highlights:
i. The only non-tennis players in the top 10 are: Indian badminton player P. V. Sindhu (7th)and Racing’s Danica Patrick (10th ).
ii. The top 10 female athletes banked a total of $105 million.
Highlights:

Rank Sportswomen
1 Serena Williams
2 Caroline Wozniacki
3 Sloane Stephens
4 Garbine Muguruza
5 Maria Sharapova
6 Venus Williams
7 P.V. Sindhu
8 Simona Halep
9 Danica Patrick
10 Angelique Kerber

Top 10 Highest paid Actresses in the World:
Highlights:
i. Together the top 10 highest paid actresses earned a total of $168 million between June 1, 2017 and June 1 , 2018.
The list is as follows:

Rank Actress
1 Scarlett Johansson
2 Angelina Jolie
3 Jennifer Aniston
4 Jennifer Lawrence
5 Reese Witherspoon
6 Mila Kunis
7 Julia Roberts
8 Cate Blanchett
9 Melissa McCarthy
10 Gal Gadot

Forbes:
♦ Headquarters: New York City, USA.
♦ Founded: 1917.

Arun Jaitley re-appointed as Finance Minister by the President

Arun Jaitley re-appointed as Finance Minister by the President
On August 23, 2018, President Ram Nath Kovind re appointed Arun Jaitley as Finance Minister after he recovered from a kidney ailment.
i. Jaitley will resume charge of both finance and corporate affairs portfolios.
ii. Earlier from May 14, Minister for Railways and Coal Piyush Goyal was appointed as the Finance minister on an interim basis as Mr.Arun Jaitley underwent a kidney surgery.

NGT appointed ex-judge Justice SJ Vazifdar as chairman of panel to decide Vedanta’s plea challenging closure of Sterlite copper plant


On August 23, 2018, the National Green Tribunal (NGT) has appointed retired judge S J Vazifdar as head of a three-member committee.
This decision was taken by a bench headed by chairperson A K Goel .
Objective:
To decide mining company Vedanta’s plea challenging closure of its Sterlite copper plant at Tuticorin.
Key Points:
Abou the committee:
i. S J Vazifdar is a former Punjab and Haryana High Court Chief Justice.
ii. The committee will also include representatives of the Central Pollution Control Board and the Ministry of Environment and Forests.
Agenda of the committee:
i. The committee will assume work within two weeks and will decide the matter within six weeks .
ii. The Tamil Nadu Pollution Control Board has been asked to provide logistic support to the committee.
iii. The committee may hear intervenors MDMK general secretary Vaiko and K S Arjunan, who is Communist Party of India (Marxist) District Secretary in Tuticorin if they feel necessary.
Background:
i. The Tamil Nadu government had, on May 28, ordered the state pollution control board to seal and “permanently” close the mining group’s copper plant following violent protests over pollution concerns.
ii. On July 5, the tribunal had issued notices to the state government and the pollution board seeking their responses after Tamil Nadu raised preliminary objections with regard to the maintainability of Vedanta’s plea.

Kabir Mathur appointed head of India investments by ADIA


On August 23, 2018, Abu Dhabi Investment Authority (ADIA), the world’s second largest sovereign wealth fund, has hired private equity veteran Kabir Mathur to head operations in India.
i. He is a former director with US fund KKR & Co. L.P and has worked with the firm during 2008 -2017 on investing and portfolio management activities across Southeast Asia.
ii. Prior to this, he worked with TPG Capital as Associate on the investment activities in Southeast Asia.
Investments of ADIA in India:
i. It has invested more than $2 billion in India and holds investments in sectors such as infrastructure, real estate and financial services.
ii. In infrastructure, ADIA invested $200 million in ReNew Power Ventures and $230 million in clean energy company Greenko Energy Holdings.
iii. ADIA had committed $1 billion in the government’s National Investment and Infrastructure Fund’s Master Fund.
iv. In real estate, ADIA had invested $200 million in Kotak’s realty fund.
v. ADIA’s major investments are in Axis Bank, Housing Development Finance Corporation, Infosys NIIT and Shriram Transport Finance Company.
Other news:
ADIA owns stake in Reliance Nippon Life Asset Management, Security and Intelligence Services (India) Ltd, Central Depository Services (India) Ltd and  KKR India Financial Services Pvt. Ltd.
About ADIA:
It is owned by Emirate of Abu Dhabi (United Arab Emirates) and holds more than 20 companies in its India portfolio.

Actor Raveena Tandon becomes brand ambassador of SGNP


On 22nd August 2018, Maharashtra Forest Minister Sudhir Mungantiwar announced the appointment of actor Raveena Tandonas the brand ambassador of the Sanjay Gandhi National Park (SGNP) based in Mumbai.
Raveena Tandon – brand ambassador of SGNP:
i. SGNP is rich in flora and fauna. It provides water to a major portion of Mumbai.
ii. As the brand ambassador of SGNP, Raveena Tandon will work with Maharashtra forest department to create awareness about its initiatives, like the 50 crore tree plantation drive, eco-tourism in SGNP, conservation of leopards in SGNP, etc.
iii. Raveena Tandon discussed with Sudhir Mungantiwar about the 13 crore tree-plantation drive and her contribution for a greener Maharashtra.
iv. In the first week of September, a programme to welcome Raveena Tandon as brand ambassador of SGNP will be held and the new website of SGNP and a Jan Dhan-Van Dhan shop will be launched.
Some National Parks in Maharashtra:
♦ Gugamal National Park
♦ Sanjay Gandhi National Park

European wind survey satellite “Aeolus” launched from French Guyana

European wind survey satellite "Aeolus" launched from French Guyana
On August 23, 2018, Europe launched a rocket named “Aeolus” from French Guyana.
i. This satellite will be put into orbit  at an altitude of 320 kilometres (200 miles) above the Earth which will track global winds, allowing for improved weather forecasting.
ii. It is part of the Copernicus project, a joint initiative of the European Union and the European Space Agency (ESA) to track environmental damage and aid disaster relief operations.
iii. The new mission is also Arianespace’s 50th launch for the European Space Agency.
About Aeolus:
i. It is the world’s first space mission to acquire profiles of Earth’s wind on a global scale.
ii. Aeolus is equipped with a single instrument: a Doppler wind lidar — an advanced laser system designed to accurately measure global wind patterns from space.
iii. The Doppler lidar would transmit short, powerful pulses of laser light toward Earth in the ultraviolet spectrum.
iv. Once per orbit, data will be downloaded to a ground station in Svalbard, Norway.
v. Aeolus is the fifth of the ESA’s planned Earth Explorer missions.

IIT-Hyderabad launches First of its kind in India, Fabless Chip Design Incubator (FabCI)


On 21st August 2018, Indian Institute of Technology, Hyderabad, announced the launch of Fabless Chip Design Incubator (FabCI) exclusively for startups in chip design.
Fabless Chip Design Incubator (FabCI):
i. FabCI is said to be the first-of-its-kind in India. It focuses on developing an ecosystem for supporting startups in chip design.
ii. It offers facilities like free software tools with leading technology partners in Electronic Design Automation (EDA), etc.
iii. FabCI aims to incubate a minimum of 50 ‘Make-in-India’ chip design companies that can compete globally and generate Intellectual Property Rights (IPRs).
iv. Three startups have already been incubated. The Incubator has invited early stage startups to apply.
v. This incubator will also contribute to the ‘Startup India’ and ‘Make In India’ initiatives.
About IIT-Hyderabad:
♦ Director – U B Desai
♦ Location – Hyderabad, Telangana
About FabCI:
♦ Funded by – Ministry of Electronics and Information Technology (MeitY)
♦ Technology partners – Cadence Design Systems, Inc. and Mentor Graphics

Researchers develop “ReMix”, an ‘in-body GPS’ system to track tumours


Scientists have developed a wireless ‘in-body GPS’ system named “ReMix” that can accurately locate ingestible implants and track tumours inside the body.
ReMix:
i. ReMix was able to track implants with centimetre-level accuracy in animal tests. Similar implants can be used to deliver drugs to specific regions of the body.
ii. The test was conducted by scientists from Massachusetts Institute of Technology (MIT) and Massachusetts General Hospital (MGH) in the US.
iii. ReMix could be used in proton therapy, a type of cancer treatment through bombardment of tumours with beams of magnet-controlled protons.
iv. ReMix is not accurate enough to be implemented in clinical settings as of now. For actual implementation, the margin of error should be closer to nearly two millimetres.

Kho-Kho gets recognition from Olympic Council of Asia (OCA)


Olympic Council of Asia (OCA) has given recognition to Kho-Kho, India’s indigenous sport.
Kho-Kho gets recognition from OCA:
i. This was announced at the General Assembly of the OCA on 19th August 2018.
ii. Kho-Kho will be included as a demonstration sport in the Asian Indoor Games. Also, it has the possibility to be included as a discipline in the next Asian Games.
iii. Rajeev Mehta is the Secretary General of Indian Olympic Association (IOA). He is also the president of Asian Kho-Kho Federation.
About Olympic Council of Asia (OCA):
♦ President – Sheikh Ahmad Fahad Al-Sabah
♦ Headquarters – Kuwait

Veteran journalist and former Rajya Sabha MP Kuldip Nayar dies at 95

Veteran journalist and former Rajya Sabha MP Kuldip Nayar dies at 95
On August 23, 2018, renowned journalist, author and human rights activist Kuldip Nayar passed away in Delhi at 95.
i. He is survived by his wife and two sons.
ii. He was a former editor at The Indian Express.
iii. He also served as High Commissioner of India to the United Kingdom.
iv. He served as a press information officer to former Prime Minister Lal Bahadur Shashtri and former Union Home Minister Govind Ballabh Pant.
v. He was nominated to Rajya Sabha in 1997.
vi. In 2015, he was honoured with the Ramnath Goenka Lifetime Achievement Award for his contribution to journalism.
vii. He authored 15 books including “Beyond the Lines”, “India after Nehru” and “Emergency Retold”, Between the Lines’, ‘Scoop! – Inside stories from Partition to the present’, ‘Distant Neighbours: A tale of the Subcontinent’.
viii. He was born in 1923 and graduated in law and began his career with an Urdu newspaper called Anjam.
ix. In his honour Meera Dewan, a filmmaker, had also made a film called : “ In his inner voice: Kuldip Nayar”.

Khaled Hosseini’s new book “Sea Prayer” a tribute to Alan Kurdi

Khaled Hosseini's new book "Sea Prayer" a tribute to Alan Kurdi
“Sea Prayer”, the new book of writer Khaled Hosseini will be released on 30th August 2018.
i. It is a tribute to Alan Kurdi, the 3-year-old Syrian boy whose body washed upon a beach in Turkey in September 2015.
ii. Earlier “Sea Prayer” was produced in collaboration with UNHCR (United Nations High Commissioner for Refugees) and released as a Guardian virtual film on 1st September 2017.
iv. Now, Sea Prayer has been written in the form of a letter and will be published by Bloomsbury. Bloomsbury will donate one pound from the sale of each print book to UNHCR.
v .Khaled Hosseini is an Afghan-born American novelist. He has written books like “The Kite Runner”, “A Thousand Splendid Suns” and “And the Mountains Echoed”. He was appointed a UNHCR Goodwill Ambassador in 2006.

International Day for the Remembrance of the Slave Trade and Its Abolition – August 23


On 23rd August 2018, International Day for the Remembrance of the Slave Trade and Its Abolition was observed throughout the world.
International Day for the Remembrance of the Slave Trade and Its Abolition:
i. On the night of 22 to 23 August 1791, Santo Domingo (today Haiti and the Dominican Republic) experienced the beginning of the uprising that played an important role in the abolition of the transatlantic slave trade.
ii. This day is commemorated as International Day for the Remembrance of the Slave Trade and its Abolition on 23rd August every year.
iii. This day was first celebrated in a several countries including Haiti on 23rd August 1998.
iv. This day remembers the tragedy of the slave trade in memory of the affected people.
v. The Director-General of United Nations Educational, Scientific and Cultural Organization (UNESCO) invites the Ministers of Culture of all Member States to conduct events on this day every year.
About United Nations Educational, Scientific and Cultural Organization (UNESCO):
♦ Director General – Audrey Azoulay
♦ Headquarters – Paris, France

Question of the day | Legal Terms Lists August 23, 2018

Question of the day

Question: Prateek, who is Prakha’s younger brother, under the influence of madness, attempts to kill Sachan, who is Prakha’s boyfriend. Prakha, not knowing how to react, and seeing Sachan helpless and on the verge of being murdered, hits on Prateek’s head with an antique metal vase. Prateek dies on the spot. Can Prakha claim the right of private defence of body?

Principle 1: Every person has a right to defend his own body, and the body of any other person, against any offence affecting the human body. Nothing is an offence which is done in the exercise of the right of private defence.

Principle 2: The right of private defence of the body extends to the voluntary causing of death or of any other harm to the assailant, if the offence reasonably causes the apprehension that death, or grievous hurt will otherwise be the consequence of such assault. Also, if the assault is with the intention of committing rape, gratifying unnatural lust, kidnapping or abducting, or wrongfully confining a person under circumstances which may reasonably cause him to apprehend that he will be unable to have recourse to the public authorities for his release, he will have the right of private defence of the body extending to causing of death.

Principle 3: Nothing is an offence which is done by a person who, at the time of doing it, by reason of unsoundness of mind, is incapable of knowing the nature of the act.

  1. No, because Prateek is guilty of no offence since he was of unsound mind.
  2. Yes, because she was under the apprehension that Prateek will murder Sachan.
  3. No, because Sachan was being killed, and not Prakha herself. And since this “private” defence and not “public” defence, only the victim can avail of this defence, and no one else.
  4. No, because a mentally-unsound person was punished despite the fact that he had no knowledge of what he was doing. One cannot simply kill innocent people, and then claim private defence.

Legal Terms of the day

1. UBERRIMAE FIDE –Of utmost good faith.

2. AMICUS CURIAE –He is a member of the Bar or other stand by who informs the court when it is doubtful or mistaken of any fact or decided case.

3. STATUS QUO ANTE –The previous position

4. VOX POPULI –The voice of the people

5. ABATE –To reduce or to become null or void.

 

Today’s Answer of the Question: B