Here’s your daily summary of Current Affairs – April 09, 2019
IIT-Madras tops in overall category in NIRF 2019 rankings
IIT-Madras rules the HRD ministry’s ranking of higher education institutions across the country, not only topping the overall category but also emerging numero uno in the first edition of the Atal Ranking of Institutions on Innovation Achievements (ARIIA).
- IIT Madras topped the rankings while the Indian Institute of Science, Bangalore bagged the second rank followed by IIT Delhi.
- Out of ten top institutes, seven are IITs. Jawaharlal Nehru University got the seventh rank and Banaras Hindu University bagged the tenth spot.
- Delhi University’s Miranda House was ranked the best among colleges across the country, while the varsity’s St Stephen’s College was ranked fourth.
- AIIMS has been ranked first among medical sciences institutes and National Law School, Bangalore has topped law colleges.
‘Dhanush’ 1st indigenous long-range artillery gun inducted into Indian Army
Dhanush, the first indigenous long-range artillery gun was inducted into the Indian Army on 8th April. The 155mm calibre artillery gun was manufactured by the Jabalpur-based Gun Carriage Factory.
Biannual Army Commanders’ Conference held in New Delhi
The biannual Army Commanders’ Conference began in New Delhi on 8th April. Defence Minister Nirmala Sitharaman had delivered her opening address at the conference. During the conference, important issues that are likely to be discussed are the management of the extant security dynamics, mitigation of future security threats and enhancement of combat edge over potential adversaries.
With $79 billion in 2018, India tops Global Remittances List: World Bank
India retained its position as the world’s top recipient of remittances with overseas Indians sending a whopping $79 billion back home in 2018, the World Bank said in a report on 8th April. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and Egypt ($29 billion), the global lender said. With this, India has retained its top spot on remittances, according to the latest edition of the World Bank’s Migration and Development Brief.
India’s GDP expected to expand 7.5% in 2019-20: World Bank
India’s GDP growth is expected to accelerate moderately to 7.5% in fiscal year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption, the World Bank has said.
RBI issues norms for banks to set up currency chests
The Reserve Bank of India 8th April came out with guidelines for banks to set up new currency chests, which include the minimum area of 1,500 square feet for the strong room. “Area of the strong room/ vault of at least 1,500 sq ft. For those situated in hilly/ inaccessible places, the strong room/ vault area of at least 600 sq ft,” the RBI said while specifying minimum standards for setting up new currency chests. Besides, the new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day. For those situated in the hilly/ inaccessible places, the capacity of 2.1 lakh pieces of banknotes per day. Earlier, an RBI-appointed committee had recommended that the apex bank should encourage banks to open large currency chests with modern facilities and Chest Balance Limit (CBL) of at least Rs 1,000 crore.
NTPC Ink Term-Loan Agreement of Rs.2,000 crore with Canara Bank
On 5th April, National Thermal Power Corporation(NPTC) has signed a term- loan Pact of Rs.2,000 crore with Canara Bank. The Loan facility prolonged at an interest rate linked to 3-Month MCLR of Bank. The lent amount would be utilized to part finance the company’s capital expenditure.
Men’s hockey team gets Graham Reid as coach
Australian Graham Reid’s appointment as the men’s national team chief coach till the end of 2020 was ratified on 8th April after Hockey India received necessary clearance from the Sports Authority of India (SAI). Reid’s appointment was more or less certain after Hockey India recommended his name to the SAI last month. It has been learned that Reid has been handed a term till the end of next year but his tenure can be extended till 2022 FIH World Cup depending upon his performance.
London becomes the first city to implement 24×7 pollution charge zone
London on 8th April (local time) became the first city in the world to implement a special Ultra Low Emission Zone (ULEZ) that would charge an entry fee for older vehicles if they do not meet the emission standards. In an attempt to reduce air pollution and protect public health, the ULEZ will be operational for 24 hours and seven days a week, according to a statement by London mayor Sadiq Khan’s office.