2 April 2018 Current Affairs For Government Exam

Following is the 2 April 2018 Current Affairs For Government Exam

1. States allowed to set up crop insurance firms.

The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY).
Launched in April 2016, PMFBY provides comprehensive crop insurance from pre-sowing to post-harvest against non-preventable natural risks.
Presently, five public sector insurers and 13 private insurance companies are empanelled for implementation of the scheme.

2. Manipur’s Senapati district got ODF tag.

Senapati district of Manipur has been declared as the first Open Defecation Free (ODF) district of the state.
Manipur has become the third state in the North East, after Sikkim and Arunachal Pradesh, to get the ODF tag.
Till 27th March, Manipur was among the only three states not to have a single ODF district, the other two being Bihar and Goa.

3. Hyderabad tops in Global City Momentum Index.

Hyderabad has been ranked the top city in the short-term Momentum Ranking of JLL’s annual ‘Global City Momentum Index’.
The report identifies urban economies and real estate markets which are currently undergoing the most rapid growth.
The report ranked Bengaluru, Pune, Kolkata and Delhi in top 10 cities.

4. ‘Rupashree’ scheme launched in West Bengal.

The West Bengal government has rolled out Chief Minister Mamata Banerjee’s dream project ‘Rupashree’ which provides one-time financial support to the marriages of poor women.
‘Rupashree’ scheme follows the chief minister’s ambitious ‘Kanyashree’ project which has drawn global applause.
Under the scheme, an amount of Rs 25,000 will be credited to her bank account before her marriage.

5. SIDBI Celebrates it’s Foundation day.

SIDBI celebrated its foundation day as the day of Sampark (connect), Samwad (interaction), Suraksha (security) and Sampreshan (disseminate) on 2nd April.
On this occasion, SIDBI launched a series of initiatives.
SIDBI launched ‘Samridhhi-the virtual assistant’ on banks revamped universal loan portal ‘www.udyamimitra.in’. It will answer standard queries of aspirants 24*7.

6. First International Justice Conference.

Union Minister of State for Corporate Affairs and Law and Justice embarked on a visit to Marrakech, Morrocco, for the first International Justice Conference.
The conference is being organised by Morrocco in celebration of the judicial reforms undertaken by it in 2017.
India is expected to sign MoUs with China, Russia, Qatar and Turkey in connection with judicial reforms.

7. India-Kyrgyzstan military exercise concludes.

The 5th Indo-Kyrgyzstan joint training exercise ‘Khanjar V’ culminated on March 29 with a ‘Joint Tactical Validation Exercise’ in Mizoram.
Kyrgyzstan in the exercise is represented by the military contingent of the military unit of the Armed Forces of the Kyrgyz Republic.
The exercise which started on March 16, included understanding tactics of platoon level, developing interoperability.

8. Bahrain discovers largest oilfield.

Bahrain had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom.
The new light shale oil and gas resources are expected to contain many times the amount of oil produced by Bahrain’s only existing oilfield, as well as large amounts of gas.
Bahrain relies on the Abu Safa oilfield for the majority of its oil and shares the field with Saudi Arabia.

9. USA and South Korea begin Joint Military Exercise- ‘Foal Eagle’.

The United States and South Korea began their joint military training exercise named ‘Foal Eagle’.
More than 11,500 U.S. troops and nearly 300,000 South Korean forces will take part in the four-week exercises.
Foal Eagle, the largest annual joint military exercise in South Korea, usually runs about two months.

10. NASA test launches Mars landing parachute.

A supersonic parachute that will help NASA missions to land on Mars, was successfully launched into the sky.
The Advanced Supersonic Parachute Inflation Research Experiment (ASPIRE) was launched on March 31 from NASA’s Wallops Flight Facility in the US.
The test was meant to mimic the conditions that a spacecraft would experience during a red planet entry, descent and landing.

11. Carlos Alvarado to be next Costa Rica Prez.

Carlos Alvarado, Costa Rica’s centre-left presidential candidate, is set to be the country’s next leader after elections on 1st April.
Costa Rica’s electoral council made the announcement based on ballots from 91% of polling stations.
Carlos Alvarado, 38, is a former labour minister, ex-journalist, novelist and sometime rock singer.

12. SEBI doubles investment limit of angel funds.

Securities and Exchange Board of India (SEBI) decided to double the investment limit by angel funds in venture capital undertakings to ₹10 crore.
The SEBI board has approved amendments to Alternative Investment Funds (AIF) regulations with respect to ‘Angel Funds.’
The regulator would raise the maximum period of accepting funds from an angel investor to five years, from three years.

13. RBI changes methodology for bond valuation.

To prevent the possibility of manipulation in the prices of securities, especially government securities, the RBI has changed the methodology used by debt market players for their valuation.
Security/bond valuation will be based on the weighted average price of the last half-an-hour of trading.
The methodology as to how the bonds are valued is crucial for mark-to-market purposes.

14. John Isner won Miami Open title.

In Tennis, John Isner has lifted the Men’s Singles trophy of the Miami Open.
John Isner defeated German’s Alexander Zverev.
Following the win, 32-year old Isner, the world number 17, will now move back into the top 10 next week.

15. Former Guatemala dictator Efrain Rios Montt passes away.

Former military dictator Efrain Rios Montt, who ruled Guatemala between 1982 and 1983 and was accused of genocide, passed away on April 1, 2018.

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