Following is the 20 February 2018 Current Affairs For Government Exam
1. UP government signs 900 MoUs ahead of Investors Summit 2018.
According to the UP’s Industry Minister Satish Mahana, more than 900 MOUs have been signed so far.
He claimed that this is the highest number of agreements that have ever been signed with private companies.
2. PM Flags Off Palace Queen Hamsafar Express In Karnataka.
Prime Minister Narendra Modi flagged off the Palace Queen Humsafar Express between Mysuru and Udaipur in Mysuru Railway Station.
Both the Mysuru Palace and Udaipur palace are iconic tourist attractions and this special train will create a new tourist circuit connecting North India and the South.
The train between Mysuru and Udaipur will act as a backbone of tourism, an employment generating industry.
He also dedicated to the nation, the electrified Mysuru-Bengaluru Railway Line and announced two more infrastructure projects for the region.
3. Tribunal to settle Mahanadi water dispute.
Cabinet has approved setting up of a tribunal to resolve the dispute b/w Odisha & Chhattisgarh on sharing Mahanadi river water.
The tribunal would determine water sharing on the basis of availability of water in Mahanadi basin, present utilisation of water resource & potential for future development.
Decision comes after SC directive to form the tribunal to resolve the long-standing dispute.
4. Government gives nod to Chit Funds (Amendment) Bill.
Cabinet has given its nod to introduce Chit Funds (Amendment) Bill in the parliament.
Bill aims to amend Sec 85 (b) of the Chit Funds Act, 1982 to remove ceiling of Rs 100.
It also aims at hiking ceiling of foreman’s commission from a max of 5% to 7%.
Chit business will be required to use the word Fraternity Fund to signify its nature as well as to differentiate its working from Prize Chits
5. Health Minister Addresses Global Digital Health Partnership Summit In Australia.
Mr. J P Nadda, Union Minister for Health and Family Welfare has addressed the Global Digital Health Partnership Summit, at Canberra, Australia.
The Union Health Minister spoke on the topic: Making Digital Health Services a Priority in Healthcare Reform.
He stated that India is committed to reforms in health service delivery using ICT under Digital India Program of Government of India.
6. Aga Khan’s 11-Day Visit To India Begins.
Spiritual leader Aga Khan is on the 11-day visit to India.
Sunder Nursery, a 90-acre park near Humayun’s Tomb in New Delhi, will be inaugurated by Vice President M Venkaiah Naidu in the presence of the Aga Khan.
In addition to these engagements, he will be visiting the cities of Ahmadabad, Hyderabad and Mumbai, where Aga Khan Development Network is involved in various development projects.
During his previous visit in 2015, the Aga Khan was conferred Padma Vibhushan for his contributions to social development in India.
7. Agreement with Israel on film co-production.
Cabinet has approved an agreement signed b/w India & Israel on co-production of films.
Co-production of an Indian film with an international party means that Indian producer can access international funds & collaborate on script, talent & distribution at international level.
It will also create a common pool of creative, artistic, technical, financial & marketing resources of the 2 countries.
8. Mandarin approved as official language of Pakistan.
Pakistani Senate has approved a motion to declare Mandarin as one of the official languages of Pakistan.
Relation b/w Islamabad & Beijing would deepen further & help people connected with CPEC communicate easily if Mandarin was made the official language.
Punjabi, which is widely spoken in Punjab province of Pakistan, Pashto & many other native languages have not been declared official languages.
9. Government appoints two new EDs in banks Debashish Mukherjee & Murali Ramaswam.
Debashish Mukherjee & Murali Ramaswam have been appointed as the executive directors of Canara Bank & Vijaya Bank respectively.
Mukherjee is at present the general manager of United Bank of India & Ramaswami is the GM of Vijaya Bank.
Mukherjee’s appointment is initially for 3 yrs but it is extendable by 2 yrs after review of his performance while Ramaswami will have tenure till Dec 31, 2020
10. RB Pandit takes over as Commandant of Indian Naval Academy (INA).
Vice Admiral RB Pandit, Flag-Officer-Commanding, Western Fleet at Mumbai, took over as the Commandant of Indian Naval Academy.
He replaces Vice Admiral SV Bhokare who handed over responsibilities to Vice Admiral Pandit after a tenure of over 15 months.
He has also been the Naval Adviser at the High Commission of India at Islamabad, Pakistan.
11. Rajesh Kakkar takes charge as ONGC Offshore Director.
Rajesh Kakkar has taken over charge of Director (Offshore) of Oil and Natural Gas Corporation.
He will look after oil & gas production from ONGC’s offshore fields that contribute 70% & 78% of ONGC’s domestic crude oil & gas production respectively.
Rajesh Kakkar has more than 3 and a half decades of experience in the various aspects of operations and management in both offshore and onshore fields.
12. PNB Arm, IFC Tie Up To Raise $800 Mn For Affordable Housing.
PNB Housing Finance Ltd has tied up with International Finance Corporation (IFC) to raise $800 million for green and affordable housing in India.
IFC is in negotiations with two other housing finance firms to invest another $150 million, as well as with property developers to assist the Pradhan Mantri Awas Yojana (PMAY) from both the demand and supply sides.
Under PMAY, the government offers interest subsidy of 6.5% to economically weaker sections on their home loans. The scheme is for people with an annual income up to Rs3 lakh.
13. Axis Bank opens offshore banking branch.
Axis Bank has announced opening of off-shore banking unit at the International Financial Services Centre at Gujarat International Finance Tec-City.
The Bank will now be able to provide a more comprehensive range of products to its customers with access to International financial markets.
Offshore Banking unit is capable to trade in foreign currency in overseas market & also with Indian Banks
14. Private companies to bid for coal mines.
The cabinet has approved a plan to allow private companies to bid for coal mines for commercial production.
It is the most awaited reform in the coal sector that will bring updated foreign mining technologies, investments into the country while rising output and saving forex.
Coal accounts for 70% of India’s power generation, and the country has a target to produce 1 billion tonnes by 2022.
15. Star India wins audio-visual production right for IPL & BCCI’s domestic circuit for the 2018-19.
Star India has won the audio-visual production rights for not just IPL but also for BCCI’s domestic circuit for the 2018-19 season.
The service agreement and the contract term will cover one season of the IPL (2018) and one season of Domestic Cricket (2018-2019).
The Star India also holds the media rights of the Indian Premier League.
16. Virgin group & Maharashtra State government to build Hyperloop.
The Virgin Group has signed an ‘intent agreement’ with the Maharashtra State government to build a hyperloop transportation system between Mumbai and Pune.
The first hyperloop route will link central Pune with Mumbai and the proposed Navi Mumbai international airport.
The hyperloop is expected to reduce travel time between the cities to 20 minutes, from the present three hours.
17. BAFTA Awards 2018: Complete List Of Winners.
Best Film-Three Billboards Outside Ebbing, Missouri.
Outstanding British Film -Three Billboards Outside Ebbing, Missouri.
Best Director -Guillermo Del Toro, The Shape of Water.
Best Actress -Frances McDormand, Three Billboards Outside Ebbing, Missouri.
Best Actor -Gary Oldman, Darkest Hour.
Best Supporting Actress -Allison Janney, I, Tonya.
Best Supporting Actor -Sam Rockwell, Three Billboards Outside Ebbing, Missouri 8.
Best Cinematography -Roger Deakins, Blade Runner 2049.
Original Screenplay- Martin McDonagh, Three Billboards Outside Ebbing, Missouri.
Adapted Screenplay- James Ivory, Call Me by Your Name.
British Short Film -Cowboy Dave British Short Animation: Poles Apart.
Special Visual Effects -Blade Runner 2049 Best Animated Film: Coco.
Best Film -Not In The English Language The Handmaiden Best Documentary: I Am Not Your Negro.
Best Production Design- Paul Austerberry, Jeff Melvin, Shane Vieau, The Shape of Water.
Best Editing -Jonathan Amos, Paul Machliss Baby Driver.
Best Sound -Dunkirk.
Best Original Music- The Shape of Water.
Best Costume Design -Phantom Thread.
Best Makeup & Hair -Darkest Hour.
The Rising Star Award (Voted For By Public) -Daniel Kaluuya.
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