Current Affairs – April 16, 2018

16 - Current Affairs – April 16, 2018

Prime Minister Modi to embark on three-nation Europe visit from 16-20 April

1cc 14 - Current Affairs – April 16, 2018
On the first leg of his visit, the Prime Minister will visit Sweden where he will attend the first-ever India-Nordic Summit at Stockholm. The Prime Minister will also hold bilateral discussions with his Swedish counterpart. Business and trade are high on agenda when Indian Prime Minister Narendra Modi will meet the Prime Minister of Sweden and other Nordic leaders in Stockholm. Prime Minister Narendra Modi and Swedish Prime Minister Stefan Lofven are expected to discuss “innovation, sustainable development and how Swedish-Indian relations can be further strengthened” in Stockholm during two-day PM Modi’s visit.
On the second leg of his three-nation visit, Prime Minister Modi will reach London to attend the Commonwealth Heads of Government Meeting, besides exploring ways to further deepen ties between the two countries. PM Modi will also meet German Chancellor Angela Merkel during a stopover in Berlin on April 20 after concluding his visits to Sweden and the United Kingdom.

Govt goes back to plans for the restructuring of IDBI Bank

2cc 16 - Current Affairs – April 16, 2018
The finance ministry has reopened the case for the restructuring of IDBI Bank, including a possible sale of government stake to private players, as it seeks to stop a further burden on the exchequer and use the money for other social security schemes. The government, which holds 78% in the bank, had put its plan to pare stake in the erstwhile financial institution on hold amid reluctance within the finance ministry to reduce the Centre’s holding as officials feared that they may be hounded by investigative and audit agencies in future. Meanwhile, the new management at IDBI Bank — led by MD and CEO M K Jain — has started getting rid of non-core assets, including real estate, to raise funds.
IDBI Headquarters: Mumbai
Founded: 1964

7-year-old Hyderabad boy climbs Mt. Kilimanjaro

3cc 15 - Current Affairs – April 16, 2018
A seven-year-old boy from Hyderabad scaled the highest peak in Africa, Uhuru peak of Mount Kilimanjaro in Tanzania. Samanyu Pothuraju, along with his coach, unfurled the Tricolor at a height of 5,895 meters above the sea level on April 2. The trek began on March 29 when the team started from the base point. It took about five days for the team to reach the peak. Speaking with ANI, the boy said, “The day was rainy and the road was full of stones. I got afraid, I had leg pains, but I took rest and completed it.”

Jaitley takes the oath for fresh RS term

4cc 15 - Current Affairs – April 16, 2018
Finance Minister Arun Jaitley, who was re-elected from Rajya Sabha, took the oath of office on 15th April, in Rajya Sabha Chairman Venkaiah Naidu’s chamber in the Parliament. Finance Minister Arun Jaitley contested from Uttar Pradesh. Eight other Bharatiya Janata Party leaders contesting from the state also emerged victorious, namely GVL Narasimha Rao, Harnath Yadav, Ashok Bajpai, Vijay Pal Singh Tomar, Kanta Kardam, Sakaldeep Rajbhar and Anil Aggarwal. The voting for 25 Rajya Sabha seats was held across six states including Uttar Pradesh, West Bengal, Karnataka, Jharkhand, Chhattisgarh, and Telangana. A total number of 59 vacancies were created in the Rajya Sabha in April which necessitated the elections.

National Anti-Profiteering Authority goes online

5cc 15 - Current Affairs – April 16, 2018
In a bid to ensure timely grievance redressal for consumers, the National Anti-Profiteering Authority (NAA) launched the “Anti Profiteering” online community in association with a citizen-engagement platform, LocalCircles. The platform, comprising over 60,000 active Indian citizens, was launched in a bid to help users report cases of profiteering at the earliest, thereby ensuring timely redressal of the same.
Since the launch of the Goods and Services Tax (GST) in July last year, thousands of consumers have reported cases of profiteering by sellers leading to their monthly household bills increasing. This was primarily because some sellers were charging GST over the maximum retail price (MRP) of products, while others were not passing on the benefits of Input Tax Credit to consumers, thereby indulging in illegal profiteering. With the online community operational, members can easily report cases of profiteering, thereby alerting the active citizens as well as the NAA of such malpractices.

Smriti Irani to inaugurate 7th edition of Home Expo India 2018

6cc 15 - Current Affairs – April 16, 2018
Union Minister of Textiles Smriti Irani will inaugurate the fair on 16th April at India Expo Centre & Mart in Greater Noida, while Ajay Tamta, Minister of State for Textiles, will be the guest of honor. “The thrust in the international markets is now on product-segmented specialized trade shows, hence, there was the need for Home Expo India. The emphasis laid by the Council is on making this show a wholesome show with a Home Total tag attached to it with the intention of making it a benchmark event for premium merchandise for a target market/buyers segment,” said Rakesh Kumar, Executive Director – EPCH. Home Expo India 2018 is expected to generate business deals for direct import. EPCH is the nodal export promotion body for handicrafts in India.

Bisket Jatra being celebrated in Nepal

7cc 15 - Current Affairs – April 16, 2018
In Nepal, the famous Bisket Jatra is being celebrated in Bhaktapur and other parts of Kathmandu valley. The nine-day annual festival marks beginning of Nepali new year. The Jatra begins four days before the start of new year. It is believed that the festival started during Malla dynasty. There are many legends associated with the Jatra. According to a myth whoever marries local princes dies on the very first night of the marriage. Later a brave young man married the princes. In the night two snakes attacked him and the young man killed them.
The main attraction of Bisket Jatra is chariot procession of Lord Bhairavanath. Thousands of visitors from various parts of Nepal and a large number of foreign tourists gather at Bhaktapur to see this thrilling event. On the eve of Nepali new year, a huge linga (a pole) is erected and two long pieces of cloth hanged upon it to represent the dead snakes. Next day the pole is pulled down and Nepali new year officially commences.

India wrap up CWG 2018 campaign with 66 medals

8cc 13 - Current Affairs – April 16, 2018
With 26 gold, 20 silver and 20 bronze medals, India signed off third on the table at Gold Coast, Australia — a promotion of two positions from Glasgow and it was a combination of youth and experience which delivered the results. At 2010 Games in New Delhi, India won 101 medals, including 38 gold while at 2002 Manchester Games India had managed a total of 69 medals of which 30 were gold.
The first medal of the 2018 Games came from weightlifter P Gururaja, who won silver in the men’s 56kg event on day one, while the final medal came on 15th April as the men’s doubles badminton pair of Satwik Rankireddy and Chirag Shetty lost to England team in the gold medal match to claim silver. Australia topped the list with 198 and England has taken the second position with 136 medals. At the closing ceremony, Mary Kom led the Indian contingent. 2022 Commonwealth Games would be held in Birmingham, England.
Download - Current Affairs – April 16, 2018
Share this...

Leave a Reply

Notify of