National News
1. Important Cabinet Approvals-
04th July 2018
i. The Union Cabinet chaired by Prime Minister Narendra
Modi has given the following set of approvals. The important Cabinet
Approvals are given as follows-
ii.
The Cabinet has approved- Accession to WIPO (World Intellectual Property
Organization) Copyright Treaty, 1996 and WIPO Performance and Phonograms
Treaty, 1996- The approval is a step
towards the objective laid in the National Intellectual Property Rights (IPR)
Policy adopted by the Government on 12thMay 2016 which aims to get value for
IPRs through commercialization by providing guidance and support to EPR owners
about commercial opportunities of e-commerce through Internet and mobile
platforms.
2. Government Approves Hike in
Minimum Support Price For Kharif Crops
i. The
government has decided to sharply increase the Minimum Support Price (MSP) for
Kharif crops, as it responds to
concerns about distress in the country’s farm economy despite two years of
strong monsoons.
ii. The MSP for common variety paddy, the most important Kharif crop, will be raised by Rs 200 over last year’s Rs 1,550 per quintal. That works out a 13%t increase for the financial year ended March 2019 compared to a 5.4% increase in FY18.
ii. The MSP for common variety paddy, the most important Kharif crop, will be raised by Rs 200 over last year’s Rs 1,550 per quintal. That works out a 13%t increase for the financial year ended March 2019 compared to a 5.4% increase in FY18.
3. Bengaluru To Get India’s 1st e-Waste Plant
Ananth Kumar |
i.
Union minister of chemicals and Fertilisers Ananth Kumar announced that the country’s first e-waste recycling
unit will come up in Bengaluru, Karnataka. The unit is in keeping with
the Swachh Bharat Abhiyan drive.
ii. A 2016 study by Assocham and KPMG ranked India among the top five countries in e-waste generation, with an estimated 1.85 million tonnes generated annually.
iii. According to the study, computers comprised 70% of the total e-waste and telecommunication equipment accounted for 12%. Bengaluru ranked third after Mumbai and Delhi and generated nearly 92,000 tonnes of e-waste annually.
ii. A 2016 study by Assocham and KPMG ranked India among the top five countries in e-waste generation, with an estimated 1.85 million tonnes generated annually.
iii. According to the study, computers comprised 70% of the total e-waste and telecommunication equipment accounted for 12%. Bengaluru ranked third after Mumbai and Delhi and generated nearly 92,000 tonnes of e-waste annually.
4. Behdienkhlam Festival Concludes In Meghalaya
i. The
Union Minister of State for Development of North Eastern Region (DoNER) Dr
Jitendra Singh attended the famous
4-day Meghalaya Annual Cultural Festival, "Behdienkhlam", held
every year at the small peripheral town of Jowai, Meghalaya.
ii. On the concluding day of the festival, Dr Jitendra Singh spent time with the visitors from across the region who had come to attend the festival.
ii. On the concluding day of the festival, Dr Jitendra Singh spent time with the visitors from across the region who had come to attend the festival.
Static/Current Takeaways Important for
SBI PO/Clerk Exam 2018-
·
Meghalaya CM- Conrad Sangma, Governor- Ganga Prasad.
5. NITI Aayog To Organise India’s First Global Mobility Summit
i. NITI Aayog, in collaboration with various ministries and
industry partners, is organising ‘MOVE: Global Mobility Summit’ in
New Delhi in September 2018. This Summit will help drive Government’s goals for
vehicle electrification, renewable energy integration and job growth and
also speed up India’s transition to a clean energy economy.
ii. PM Narendra Modi will be inaugurating the Summit, which will be the first Global Mobility Summit of its kind, with over 1,200 expected participants from across the world. The Summit will constitute three designated components – The Conclave, the Expo and the Featured Events.
ii. PM Narendra Modi will be inaugurating the Summit, which will be the first Global Mobility Summit of its kind, with over 1,200 expected participants from across the world. The Summit will constitute three designated components – The Conclave, the Expo and the Featured Events.
Static/Current Takeaways Important for
SBI PO/Clerk Exam 2018-
·
NITI- National
Institution for Transforming India.
·
NITI Aayog Vice-Chairman- Rajiv Kumar, CEO- Amitabh Kant.
6.
KVIC Launches e-Marketing System
i. The
Khadi and Village Industries Commission (KVIC) launched its, in-house developed,single-umbrella e-marketing
system named Khadi Institution Management and Information System
(KIMIS) in New Delhi.
ii. This software will give real-time data of sales and will also give the updated status of stocks of khadi bhawans and godowns, allowing better planning and control of inventory of the KVIC.
ii. This software will give real-time data of sales and will also give the updated status of stocks of khadi bhawans and godowns, allowing better planning and control of inventory of the KVIC.
Static/Current Takeaways Important for
SBI PO/Clerk Exam 2018-
·
Vinai Kumar Saxena is the present chairman of
KVIC.
International News
7. 5th RCEP Intersessional Ministerial
Meeting Held in Tokyo, Japan
i. The
5th Regional Comprehensive Economic Partnership (RCEP) Intersessional ministerial meeting was held in
Tokyo, Japan. It was first RCEP ministerial gathering to be held
outside ASEAN countries.
ii. It was co-chaired by Singapore’s Minister of Trade and Industry Chan Chun Sing and his Japanese counterpart Hiroshige Seko. During the meeting, ministers from member countries had in-depth discussions on issues such as trade, service, investment and rules at the meeting.
ii. It was co-chaired by Singapore’s Minister of Trade and Industry Chan Chun Sing and his Japanese counterpart Hiroshige Seko. During the meeting, ministers from member countries had in-depth discussions on issues such as trade, service, investment and rules at the meeting.
Banking News
8. RBI Licences Bank of China To
Operate In India
i. The
Reserve Bank of India licensed Bank of China to operate in India. This decision comes as part of the commitment made by PM
Modi to the Chinese leadership. Bank of China will now have operating offices
in India. This will be the second Chinese bank to be operating in the
country.
ii. As on 1 January, 2018 Industrial & Commercial Bank of China Ltd was operating in India along with 45 other foreign banks. The United Kingdom’s Standard Chartered has the highest, 100 branches in India as of now.
ii. As on 1 January, 2018 Industrial & Commercial Bank of China Ltd was operating in India along with 45 other foreign banks. The United Kingdom’s Standard Chartered has the highest, 100 branches in India as of now.
Static/Current Takeaways Important for
SBI PO/Clerk Exam 2018-
·
Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established
on- 1st April 1935, in Kolkata.
·
Bank of China (BOC) headquarters in Beijing.
·
BOC was formally established in February 1912.
·
Chen Siqing is the Chairman of BOC.
9. NABARD Sanctions Over Rs 735 crore For Bengal For Rural Infra Projects
i.
NABARD has sanctioned Rs 735.53 crore in the first quarter of the current fiscal under the Rural
Infrastructure Development Fund (RIDF) for West Bengal for
facilitating the execution of 86 projects.
ii. They include six solar power, one medium irrigation, five minor irrigation and 12 flood protection projects, besides 57 projects for the widening and strengthening of roads and five rural bridges.
ii. They include six solar power, one medium irrigation, five minor irrigation and 12 flood protection projects, besides 57 projects for the widening and strengthening of roads and five rural bridges.
Static/Current Takeaways Important for
SBI PO/Clerk Exam 2018-
·
NABARD stands for National Bank For Agriculture And Rural
Development.
·
NABARD came into existence on 12 July 1982.
·
Headquarters- Mumbai, Chairman- Dr Harsh Kumar Bhanwala.
Obituaries
10. Tony Award Winner Liliane
Montevecchi Passes Away
i.
Tony Award winner Liliane Montevecchi, the Paris-born dancer, actor, and singer, passed away at the age
of 85 following a battle with colon cancer.
ii. Born October 13, 1932, started her ballet studies when she was nine; by the time she was 18 she had joined Roland Petit's dance company, Les Ballets de Paris, where she eventually became a prima ballerina.
ii. Born October 13, 1932, started her ballet studies when she was nine; by the time she was 18 she had joined Roland Petit's dance company, Les Ballets de Paris, where she eventually became a prima ballerina.