Current Affairs 5th January 2018 | Current Affairs 2018

Current Affairs 5th January 2018:

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Government Approves 295 Cr For Namami Ganga Project:

  • Union government sanctions 295Cr for the five projects of Namami Ganga project under National Mission for Clean Ganga (NMCG).
  • Of the five projects,
  • Three projects are to sewage management in West Bengal at an estimated cost of Rs 278.6 crore,
  • The sewage management in Uthrakhand at an estimated cost of Rs 4.68 crore
  • Another project worth Rs 11.73 crore is related to improvement works in Varanasi, Uttar Pradesh.

Railways to install GPS devices on 2,700 electric locomotives:

  • The government is planning to install GPS devices on 2,700 electric locomotives by December 2018 to provide real-time train information.
  • A reliable and high level, of about 99.3% of real-time reporting of arrival departure timing updates has been observed.
  • The project was undertaken in collaboration with Indian Space Research Organisation (ISRO).
Ministry of Railways (Cabinet minister) Piyush Goyal
Constituency Maharashtra
Ministry of Railways (Minister of state) Manoj Sinha, Rajen Gohain

Government launches Swachh Survekshan 2018:

  • The government announced the launch of cleanliness survey for this year as part of Swachh Bharat Mission.
  • The Swachh Survekshan 2018 will rank 500 cities on national level which have more than 1 lakh population, while 3,541 cities with less than 1 lakh population will have State and Regional ranking.
  • The survey attempts to capture the progress in six broad parameters, including collection and transportation of municipal solid waste, sanitation related progress, and whether cities have started campaigns promoting Swachh Survekshan, engaging citizens in waste management, maintenance of community and public toilets.

Smriti Irani chairs Consultative Committee meeting of I&B Ministry:

  • Information and Broadcasting Minister Smriti Irani has chaired the meeting of Consultative Committee of her Ministry to discuss the efforts taken in organizing International Film Festival of India (IFFI) 2017 and the steps to be taken to improve the next edition of IFFI.
  • She apprised the members of the various steps and initiatives taken by the Ministry in IFFI 2017.
  • For the first time IFFI officially collaborated with Toronto and Venice Film Festivals.
  • In IFFI 2017, nine Master classes were organized, 197 films were screened and 493 delegates invited.
Ministry of Information and Broadcasting (Cabinet Minister) Smriti Irani
Member of Rajya Sabha Gujarat
Ministry of Information and Broadcasting (Minister of State) Rajyavardhan Singh Rathore

Current Affairs Today: INTERNATIONAL

China plans to limit power use by some Bitcoin miners:

  • China is planning to curb power supply for some Bitcoin miners.
  • Chinese officials are reportedly concerned that the miners have taken advantage of low power prices in some areas and this has affected normal electricity use in some cases.
  • Local officials have been asked to investigate the high consumption associated with the industry.
China Capital Beijing
China Currency Renminbi
China President Xi Jinping

China issues long-term visas to skilled people from abroad:

  • China is issuing long-term visas to lure highly skilled people from abroad to work in the country.  The multi-entry visas will be valid for between five and 10 years.
  • Technology leaders, entrepreneurs and scientists from in-demand sectors are among those eligible to apply.
  • Visa holders will be allowed to remain in the country for up to 180 days at a time, and will be eligible to bring partners and children.
  • Applications for the visas can be made online, are free of charge and will be processed quickly.
  • China has set out goals for its economic and social development, and sees recruiting experts from abroad as key to achieving that.

Current Affairs Today: STATE

Kolkata airport gets CAT III B technology, becomes 24×7 functional:

  • Kolkata’s Netaji Subhas Chandra Bose International Airport has become the 5th airport in India having CAT III landing system.
  • Kolkata has operationalised CAT IIIB landing system on runway 01R. It enables flight operation up to runway visual range of 50 meters with decision height of 15 meters.
  • The facility also includes visual guidance through taxiway centreline lights up to aircraft parking stands from January 4.
  • With introduction of this facility both sides of the runway 19L-01R are now equipped to handle low visibility operation. Runway 19L already has CAT II facility”.
  • Kolkata is the fifth airport to get this upgradation after Delhi, Chandigarh, Lucknow, Jaipur.
West Bengal Capital Kolkata
West Bengal Chief Minister Mamta Benerjee
West Bengal Governor Keshari Nath Tripathi

Current Affairs Today: BANKING and ECONOMY

The Indian Institute of Corporate Affairs (IICA) and Postal Payments Bank (IPPB) For Employee Training:

The Indian Institute of Corporate Affairs (IICA) and India Post Payments Bank (IPPB) signed an agreement for the training of employees of the latter in the area of payment banking.

IPPB Headquarters New Delhi
CEO Suresh Sethi

SBI Cuts Savings Interest Rate:

SBI had increased the minimum balance requirement to Rs 5,000 in June. Because of public backlash the bank brought down the minimum balance requirement to Rs 3,000 in metros, Rs 2,000 in semi-urban and Rs 1,000 in rural areas.

7.75% savings bonds to be available from Jan 10

  • The government has notified a new 7.75 per cent taxable Savings bond scheme for retail investors.
  • These bonds are mature in seven-year will open for sale from the 10th of January.
  • This saving bonds scheme will replace the previous 8 per cent Scheme.
  • The interest will be payable half-yearly and the cumulative value of 1,000 rupees at maturity will be 1,703 rupees.

Reserve Bank of India to issue new Rs 10 note in chocolate brown colour:

  • India’s central bank will soon issue a new Rs 10 note in chocolate brown colour.
  • The Reserve Bank of India (RBI) has already printed 1 billion pieces of the new note. Further, the new note will bear the picture of Konark Sun Temple.
  • The design received the go-ahead from the government last week. Earlier in 2005, the central bank had changed the design of the old Rs 10 note.
  • In August-17, RBI had introduced the new Rs 200 and Rs 50 notes under the Mahatma Gandhi series. The move is aimed at achieving RBI’s aim to promote a less-cash economy.
RBI Headquarters Mumbai
RBI Governor Urjit Patel
RBI Deputy Governors BP Kanungo,

S S Mundra,

N S Vishwanathan and

Viral Acharya

Air India ties up with three banks for loans for 3 B777 planes

  • State-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank and Mashreq Bank to avail short-term loans for acquiring three Boeing 777 aircraft.
  • Two of the aircraft are to be used for ferrying VVIPs. The delivery of the three B777-300 ER planes is scheduled to be completed next month — two in January and one in February.
  • Air India has signed a short-term buyers credit facility agreement with First Abu Dhabi Bank PJSC jointly with Standard Chartered Bank and Mashreq Bank PSC for acquisition of three B777-300ER aircraft.
Abu Dhabi Bank Headquarters Abu Dhabi, United Arab Emirates
Abu Dhabi Bank CEO Abdulhamid Saeed
Standard Chartered Bank Headquarters London, United Kingdom
Standard Chartered Bank CEO Bill Winters
Mashreq Bank Headquarters Dubai, United Arab Emirates
Mashreq Bank CEO Abdul Aziz Al Ghurair

Oriental Bank of Commerce hikes interest rates on FCNR accounts:

  • Oriental Bank of Commerce has hiked interest rates for deposits in foreign currency non-resident (FCNR) accounts.
  • The bank has revised the interest rates on FCNR (Banks) deposits with effect from January 4, 2018.
  • For the USD FCNR (B) deposits of one year and less than two years, the interest rate has been revised upwards to 3.06 per cent from existing 2.78 per cent.
  • For over two years to less than three years, the rate have been fixed at 3.30 per cent against 2.80 per cent.
  • Among others, maturities of over three years and less than four years will earn an interest rate of 3.35 per cent (against 2.85 per cent).
  • For deposits maturing in four years and less than five years, the new rates will be 3.40 per cent (from 2.95 per cent) and for FCNR accounts for deposits up to five years, the new rate will be 3.45 per cent from 3 per cent.
Oriental Bank of Commerce Headquarters Gurugram
Oriental Bank of Commerce Tagline Where every individual is committed
Oriental Bank of Commerce MD and CEO Animesh Chauhan

Yes Bank, Nearby Tech bring cardless-pinless ATM service:

  • Fintech startup Nearby Technologies has tied up with Yes Bank to provide Aadhaar- enabled cardless and pinless ATM service by which customers can deposit or withdraw money at retailers’ place.
  • Using the PayNEARBY mobile application on a smart phone, a retailer can become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer.
  • Yes Bank and Nearby worked closely with the National Payments Corporation of India (NPCI) to launch this service.
  • PayNEARBY’s Aadhaar ATM will be available through Yes Bank and the business correspondent agent network comprising 40,000 touch points.
  • By using the Aadhaar number and finger print, a customer can do cash withdrawal or any other transactions from these locations.
Yes Bank Headquarters Mumbai
Yes Bank Tagline Experience our Expertise
Yes Bank MD and CEO Rana Kapoor


India Ruled Pakistan from SAARC:

  • India has removed Pakistan from the list of SAARC member countries with which it will be connecting its state-of-the-art National Knowledge Network (NKN) for sharing scientific databases and remote access to advanced research facilities.
  • The government has started the process of appointing a telecom company that will connect and extend the NKN to research and education networks.
  • Six South Asian Association of Regional Cooperation member states are Afghanistan, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka.
SAARC Headquarters Katmandu
CEO Arjun Bahadur Thapa

Current Affairs Today: AWARDS

Indian-origin banker named central bank governor of the year for Asia-Pacific:

  • An Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018.
  • Ravi Menon, managing director of Singapore’s central bank Monetary Authority of Singapore (MAS), was recognised by the leading UK-based magazine ‘The Banker’ for his contribution in the makeover of Singapore’s financial system.
  • The annual recognition is by magazine, a publication under The Financial Times Group, is based on a selection process involving a survey of bankers and economists.

Current Affairs Today: SPORTS

Jasprit Bumrah becomes India’s 290th Test player:

  • Pacer Jasprit Bumrah became India’s 290th Test player after being handed his Test debut in the first Test against South Africa.
  • The 24-year-old, who is the world number three and number four in ODI and T20I cricket respectively, was handed his Test cap by Captain Virat Kohli.
  • Bumrah is the seventh Indian to make Test debut in South Africa.

Delhi Daredevils appoints Ponting as head coach:

  • IPL Delhi Daredevils have appointed former Australian captain Ricky Ponting as their new head coach for the 2018 season.
  • Ponting replaces South African coach Paddy Upton, with whom the franchise parted ways last year at the end of his two-year contract.
  • Delhi failed to qualify for the playoffs last season after finishing sixth in the eight-team event, with six wins from 14 matches. They have yet to win the title in 10 attempts.
  • Ponting, who announced his retirement from international cricket in 2012, guided Mumbai Indians to their second IPL title in 2015 during his two-year coaching stint with the franchise.
  • The 43-year-old was also named the assistant coach of Australia for the Twenty20 series against Sri Lanka last year.

Current Affairs Today: OBITUARY

Senior NCP leader Vasant Davkhare passes away:

  • Senior NCP leader and former deputy Chairman of the Maharashtra Legislative Council Vasant Davkhare died. He was 67.
  • Davkhare was first elected as corporator in the Thane Municipal Corporation in 1986.
  • In 1987 he was elected as Mayor of Thane Municipal Corporation.
  • He became the Deputy Chairman of the Legislative Council in 1998. In July 2010, he was re-elected unopposed as the Deputy Chairman.

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