Here’s your daily summary of Current Affairs.
Asian Development Bank signs pact with Govt of India
The Asian Development Bank (ADB) and the Government of India signed a $65.5 million loan agreement in New Delhi to continue interventions to check coastal erosion on the Western Coast in Karnataka. The loan is the Second Tranche of a $250 million financing facility under the Sustainable Coastal Protection and Management Investment Program. The financing will be used to address the immediate coastal protection needs and for strengthening the institutional capacity of Karnataka’s Public Works, Ports, and Inland Water Transport Department.
- Mr. Sameer Kumar Khare is the Joint Secretary of Department of Economic Affairs.
- ADB Headquarters in Manila, Philippines.
- Takehiko Nakao is the President of ADB.
Entrepreneurship Development Institute of India receives award from AICTE
Entrepreneurship Development Institute of India (EDII) has received an award from All India Council for Technical Education (AICTE) for supporting start-ups. The premier Institute received the award for its contribution towards promoting and mentoring technology start-ups. The award was given during the International Science Festival’s Start-up Summit 2017 at Chennai. The AICTE awards recognize outstanding achievement by academic and research institutes of India in actively promoting and supporting innovation and start-ups in their campuses.
- Sunil Shukla is the present Director of EDII.
Saudi Arabia becomes first country to grant citizenship to a Robot
Saudi Arabia has become the first country to give a robot citizenship. The move is an attempt to promote Saudi Arabia as a place to develop artificial intelligence and, presumably, allow it to become a full citizen. The Robot is named as ‘Sophia’. Sophia was confirmed as a Saudi citizen during a business event named Future Investment Initiative in Riyadh. It is historic to be the first robot in the world to be recognized with citizenship.
- Riyadh is the capital city of Saudi Arabia.
- Mohammad bin Salman bin Abdulaziz Al Saud is the crowned Prince of Saudi Arabia.
Qatar to introduce minimum wages for the first time amidst other labor reforms
The tiny Gulf of Qatar, the host of the 2022 FIFA World Cup, has committed that it will introduce a minimum wage for workers in the country. The announcement came a day before a meeting of the UN’s International Labour Organisation (ILO). Other reforms to labor laws include stopping employers from preventing workers from leaving the country, a new central authority to ensure that work contracts are being adhered to and bilateral agreements with 36 countries to protect the legal rights of those who head to the Gulf for work.
- Doha is the Capital of Qatar.
- Abdullah bin Nasser bin Khalifa Al Thani is the Prime Minister of Qatar.
Chile named Best Place to visit in 2018
The travel guide company Lonely Planet has ranked Chile as the number one country to visit in 2018 in its Best in Travel 2018 list. The guide has published the 13th edition of its annual list of the top 10 countries every traveler should have on their bucket list for 2018. Chile was the only South American country to earn the top spot on the list.
Top 5 Countries in the list are:
2. South Korea
5. New Zealand
2. South Korea
5. New Zealand
- Santiago is the Capital of Chile.
- Michelle Bachelet is the present President of Chile.
China showcases world’s first trackless train
On 23rd October 2017, China began the test run of the world’s first trackless train in Zuzhou city. This is the world’s first trackless train and runs on virtual tracks. It is capable of reaching a maximum speed of 70 kmph. This train is called the Autonomous Train Transit. The train is a hybrid between buses and conventional trains. It runs on virtual tracks marked by white lines and can carry up to 300 passengers at a time.
GPF rates retained at 7.8% for the quarter October to December 2017
For the quarter October to December 2017, the Government has retained the interest rate on General Provident Fund, also called as Employees’ Provident Fund at 7.8%. This is the Provident Fund for Central Govt Employees. The rate for Public Provident Fund is also at 7.8 %
South African Indian born couple wins top US Award for AIDS Research
On 25th October 2017, South African born Indian couple Salim Abdul Karim and Quarrisha Abdul Karim were awarded the 2017 IHV Life Time Award for Public Service. The award was given by the Institute of Human Virology in Baltimore, USA. The award was presented to them by Robert Gallo, who is the person who discovered that Human Immunodeficiency (HIV) is the cause of AIDS. The Karim couple was given the award for their exceptional research in the field.
October 27- World Day for Audio Visual Heritage
World Day for Audiovisual Heritage is observed globally on 27 October. “Discover, remember and share” is the theme of this year’s celebration of the WDAH. The General Conference of UNESCO approved the commemoration of a World Day for Audiovisual Heritage in 2005 as a mechanism to raise general awareness of the need to preserve and safeguard important audiovisual material for future generations.
- UNESCO stands for the United Nations Educational, Scientific and Cultural Organization.
- Irina Bokova is the Director-General of UNESCO.
24th October – World Polio Day
The World Polio Day was observed on 24th October all over the world. The World Polio Day was established by the Rotary Club International. The Day is celebrated to mark the birthday of Dr. Jonas Salk who led the first team which led to the discovery of a vaccine for polio. This vaccine reduced polio in the world by almost 99%.
Cricket Association of Puducherry becomes associate member of BCCI
The Cricket Association of Puducherry (CAP) was chosen by the Committee of Administrators (CoA) as an associate member of the Board of Control for Cricket in India (BCCI). This means Puducherry will be allowed to play the Ranji Trophy in 2018.
· Chairman of BCCI is Vinod Rai.
· BCCI headquarters in Mumbai.