10 May 2018 Current Affairs For Government Exam

Following is the 10 May 2018 Current Affairs For Government Exam

1. Draft of Telecom Interconnection released.

The Indian telecom regulator released the draft amendment of telecommunication interconnection.
TRAI has set time-frame for provisioning of ports for initial interconnection and augmentation to be increased to a maximum 42 working days.
The draft said a service provider may request the other service provider for additional ports at a Point of Interconnection (POI).

2. Delhi government amended Minimum Wages Act.

President Ram Nath Kovind has given his assent to the Delhi government’s Bill to amend the Minimum Wages Act
.Under the amended act, employers violating labour rules in the city will now face fine ranging from Rupees 20,000-50,000 and jail term between one to three years.
For an unskilled worker, the minimum wages is Rs 13,350 per month while for semi-skilled, it is Rs 14,698.

3. Kerala Government to provide free internet.

The Kerala Government will set up a Joint Venture company to launch its new optic fibre network.
The Kerala Fibre Optic Network Limited will implement the Kerala Fibre Optic Network (K-FON) project.
The K-FON initiative is being implemented to provide speedy internet connectivity to government offices and educational institutions and to the public at an affordable rate.

4. Telangana govt to launch Rythu Bandhu scheme.

Telangana Government launched the “Rythu Bandhu Scheme” (Farmers’ investment support scheme) at Karimnagar district on 10th May.
Under the scheme, the farmers will get ₹4,000 each an acre in the Kharif and Rabi seasons to take care of the credit needs ahead of the farm seasons.
The government has excluded about 11 lakh tenant farmers from the scheme.

5. Green licence plates for e-vehicles.

To promote electric vehicles in India, the government has approved green licence plates bearing numbers in white fonts for private e-vehicles & yellow for taxis.
The purpose behind distinctive number plates is their easy identification for preferential treatment in parking beside other proposed benefits like concessional toll.
India at present has 1 to 1.5 lakh electric vehicles.

6. Stanford University to partner with UP.

Uttar Pradesh Health Minister Sidharth Singh has said that the Stanford University in the United States will partner with UP to combat diseases like Japanese encephalitis and acute encephalitis syndrome.
Companies like Boeing, Lockheed Martin also want to set up their plants in India, Singh added.
Singh had led a delegation to the US to get investments from the country.

7. Biggest City Gas Distribution Auction.

India has launched its biggest auction of city gas distribution networks, offering permits for selling compressed & piped natural gas in 86 geographical areas.
The 9th CGD licensing round would help bring gas coverage to 174 districts in 22 states & UTs, covering 29% of the country’s area.
The cities for which CGD licenses are on offer include Bhopal, Ahmednagar & Ludhiana among others.

8. India to station fighter planes in Andaman.

India has decided to station fighter airplanes in Andaman & Nicober Islands to strengthen India’s hold over the crucial Malacca, Sunda, and Lumbok Strait.
This is the first time fighter airplanes will be positioned in Andaman and Nicobar islands since World War II.
The Malacaa, Sunda and Lumbok straits are narrow ocean passes that connect the Indian Ocean to the South China Sea.

9. Committee constituted to advise 15th Finance Commission.

15th Finance Commission has constituted an advisory council to advise & assist them on any issue or subject related to Terms of Reference of the Commission.
The council will assist in the preparation of any paper or research study and will be led by Arvind Virmani, President of the Forum for Strategic Initiatives.
The chairman of 15th Finance commission is N. K. Singh.

10. India fastest growing economy at 7.4% in 2018: IMF.

The International Monetary Fund (IMF) reaffirmed that India will be the fastest-growing major economy in 2018.
With a growth rate of 7.4% that rises to 7.8% in 2019 with medium-term prospects remaining positive, according to the IMF’s Asia and Pacific Regional Economic Outlook report.

11. India slips to 6th spot in biz optimism index.

As per Grant Thornton’s quarterly global business survey, India slipped to the 6th position globally in the business optimism index for the first quarter of 2018.
The top five nations on the index are Austria, Finland, Indonesia, Netherlands and the US.

12. GST, bank balance sheet problems pushed India’s economic growth downward: UN report.

As per the UN report, India’s economic growth was pushed downward in 2017 due to the implementation of the Goods and Services Tax (GST) as well as due to issues such as bank balance sheet problems.

13. India, Panama signed two agreements.

India and Panama have signed two agreements on the exemption of Visas for holders of Diplomatic and Official Passports and in the field of Agriculture.
Two centres for Biodiversity and Innovation will be set up by India in Panama.
Both the countries have agreed to strengthen cooperation in tax information, air services, traditional medicines, culture and space.

14. Xi Jinping tops the World’s most powerful people list of Forbes.

Forbes has released a list of “The World’s Most Powerful People 2018” which consists of 75 men and women.
Xi Jinping, General Secretary of the Communist Party of China, seizes the top spot for the first time ever.
Only two Indians got place in this list.
Top Indian is PM Modi at 9th spot and another is Reliance Industries Chairman Mukesh Ambani at 32nd place in the list.

15. Nikol Pashinyan becomes Prime Minister of Armenia.

Armenia’s parliament elected Nikol Pashinyan as a new prime minister in a 59-42 vote.
His election comes after Serzh Sargsyan’s resignation as Prime minister of Armenia.

16. Pawan Agarwal gets extension as CEO of FSSAI.

Pawan Kumar Agarwal has been given three months extension as the Chief Executive Officer of the Food Safety and Standards Authority of India (FSSAI).
Pawan Kumar Agarwal is a 1985-batch IAS officer of West Bengal cadre and has served as Joint Secretary of Ministry of Skill Development and Entrepreneurship.
He was appointed as the CEO of the FSSAI in December 2015.

17. YES Bank to launch water-security programme.

YES Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative.
The overall focus of the programme would be on sustainable agricultural practices and digital literacy.
The programme would be rolled out initially across 15 districts (eight districts in Haryana and seven in Rajasthan).

18. Easier credit norms for small farmers.

The government has streamlined lending norms in schemes such as the Kisan Credit Card (KCC) to boost institutional credit flow to small and marginal farmers.
Under revised guidelines, standard security requirements, such as hypothecation of crops, now do not apply to loans of up to Rs1 lakh.
Under KCC, small farmers can avail of a “flexible limit” of between Rs10,000 and Rs50,000.

19. Walmart to buy control of Flipkart.

Walmart had agreed to pay $16 billion for about 77% stake in Flipkart.
It will be the biggest ever acquisition in India by a foreign firm surpassing the about $13 billion Vodafone spent in 2007 for buying Hutchison’s Indian business.
The Walmart entered India in a joint venture with the Bharti Group in 2007 & started cash-and-carry stores named ‘BestPrice Modern Wholesale’ in 2009.

20. Six Commonwealth Games stars join Target Olympic Podium Scheme (TOPS).

Six Commonwealth Games medallists from the track and field, shooting and weightlifting disciplines were inducted into the Target Olympic Podium Scheme (TOPS).
The objective of TOPS, launched by Ministry of Youth Affairs and Sports, is to identify & support the potential medal prospects for 2020 Olympic Games.
The selected athletes are provided financial assistance for their training.

Also read:

  1.  Banking Awareness
  2.  Daily GK Dose
  3.  Computer Awareness
  4.  General Studies
  5.  English

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