Current Affairs Today 23rd October 2018 | Current Affairs News

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PM announces national award in Netaji’s name for disaster relief workers

  • Prime Minister Narendra Modi announced launch of national award in name of Netaji Subhash Chandra Bose to honour those involved in disaster response operations. It was announced on the occasion of 75th anniversary of Bose’s declaration of formation of Azad Hind Government, India’s first independent government on October 21, 1943.

Experts’ group to cut schoolbag weight

  • Union Ministry of Human Resource Development (MHRD) informed the Madras High Court on Monday that an Expert Group has been constituted to formulate a draft policy on reducing the weight of school bags in proportion to the age and average weight of children.


US to pull out of Intermediate Range Nuclear Forces (INF) treaty signed with Russia

  • United States (US) President Donald Trump has announced that US will unilaterally pull out of three-decade-old Intermediate-Range Nuclear Forces (INF) treaty signed with Russia during Cold War.
US Capital Washington DC
Currency Dollar
President Donald Trump



Himachal Pradesh government is considering a proposal to rename state capital Shimla to Shyamala

  • BJP-ruled Himachal Pradesh government is considering a proposal to rename state capital Shimla to Shyamala. The demand was made by right-wing Hindu groups as part of efforts to remove symbols of British rule. Chief Minister Jai Ram Thakur said that his government will seek public opinion on the demand for Shimla’s renaming. A Vishwa Hindu Parishad (VHP) functionary claimed that Shyamala was the original name of Shimla city. State Health Minister Vipin Singh said that he feels that there would not be any harm in changing the name.
Himachal Pradesh Capital Shimla
Jai Ram Thakur
Governor Acharya Dev Vrat 


Andhra Pradesh plans ‘Gaming Garage’ to encourage developers

  • The Andhra Pradesh government has set its eyes on the gaming industry to generate employment and encourage entrepreneurs and game developers in view of its growing importance. It has chalked out plans to launch the ‘Gaming Garage’ in Vijayawada very soon.
Andhra Pradesh Capital Hyderabad, Amaravathi
CM Chandrababu Naidu
Governor ESL Narashiman



SBI launches its first “Wealth Hub” in Mangaluru

  • The nation’s largest bank, State Bank of India launched its wealth business services by opening “SBI Wealth Hub” at the Lalbagh branch in Mangaluru. The wealth hub was inaugurated by SBI Chairman Rajnish Kumar.
  • SBI is the first PSU bank in the country to introduce comprehensive wealth business services for its clients. The bank has re-branded its wealth business as “SBI Wealth”offering best-in-class personalised banking and investment services to its elite High Net worth Individual (HNI) clients through a dedicated team of relationship managers.
  • SBI Wealth has presence in 20 major centres with a network of 90 Wealth Hubs in the country. It is targeting to take its wealth business service to 50 centresby 2020.
  • The bank has also launched Wealth Business services for NRIs and is in the process of setting of a state-of-the-art global e-Wealth centre at Kochi.


Green Climate Fund approves $1 billion to assist poor countries to tackle climate change

  • Green Climate Fund (GCF) has approved more than $1 billion new investments for 19 new projects to help developing countries tackle climate change. The decision was taken during four-day meeting of GCF in Manama, Bahrain. The funding was approved for projects linked to geothermal energy in Indonesia, greener cities in Europe and Middle East and protection for coastal communities in India.
  • GCF is UN-backed fund considered as key vehicle for climate-related development programs. It is guided by the principles and provisions of the UN Framework Convention on Climate Change (UNFCCC).

Infosys, Finnish firm in AI alliance

  • Finnish firm Pöyry and Infosys has announced the release of a new data-driven framework “Krti 4.0” for Artificial Intelligence that overcomes complex and expensive life cycle management challenges faced by industry, utilities and infrastructure organisations across operational technology systems.

Mphasis, BAE in pact for fraud detection

  • Mphasis, a Bengaluru-based provider of cloud and cognitive services, announced a partnership with BAE Systems to set up a centre of excellence for fraud detection and prevention solution.
  • The solution called NetReveal, enables customers to accelerate the adoption of the next generation solutions in financial crime prevention and detection functions, according to a company statement.


Vikas Sehgal is Cyient director

  • IT firm Cyient has appointed Vikas Sehgal, executive vice-chairman of Rothschild Global Advisory for South and South East Asian region and global head of the automotive sector, as an independent director.

Suresh Nambath appointed as the next Editor of ‘The Hindu’

  • The Board of Directors of The Hindu Publishing Group unanimously appointed Suresh Nambath as Editor of The Hindu with effect from March 1, 2019. He will succeed Mukund Padmanabhan, who has been Editor of the newspaper from March 2016.

IL&FS appoints advisers to help board

  • The Infrastructure Leasing & Financial Services (IL&FS) board of directors has appointed Arpwood Capital and JM Financial Consultants as financial and transaction advisers to the group while Alvarez & Marsal has been appointed restructuring advisers.


Panel recommends UNCITRAL model for cross-border insolvency

  • A committee to look into amendments to the Insolvency and Bankruptcy Code (IBC) recommended the adoption of the UNCITRAL Model Law of Cross Border Insolvency to deal with cross-border insolvency issues.
  • The Insolvency Law Committee constituted by the Corporate Affairs Ministry also recommended some changes to ensure there was no inconsistency between the domestic insolvency framework and the proposed cross-border insolvency framework. The committee submitted its report to Finance Minister Arun Jaitley.
  • The UNCITRAL model law, which is adopted in as many as 44 countries, focuses on authorising and encouraging cooperation and coordination between jurisdictions, rather than attempting the unification of substantive insolvency law.


US-based Dalit writer Sujatha Gidla wins 2018 Shakti Bhatt Prize

  • US-based Dalit writer Sujatha Gidla (55) has won 2018 Shakti Bhatt First Book Prize for her debut book “Ants Among Elephants: An Untouchable Family and the Making of Modern India”.Her book was shortlisted by award panel from of other six contestants. It takes readers through four generations of her family at centre and mainly her uncle K G Satyamurthy, a Maoist leader who founded Left-wing guerrilla movement called People’s War Group to overthrow Indian state. It also showcases undramatised lives of poverty, patriarchy, and rebellion, and encounter with subaltern Communism.

Pandit Vishwa Mohan Bhatt won annual Ustad Chand Khan Lifetime Achievement Award

  • Sursagar Society of Dilli Gharana announced Grammy-winning Hindustani classical music instrumentalist Pandit Vishwa Mohan Bhatt as the recipient of the annual Ustad Chand Khan Lifetime Achievement Award. The award will be given at the two-day Indian classical music festival scheduled to be held on October 21-22, 2018 and organized by Sursagar Society of Dilli Gharana. Mr. Bhatt is known for his Grammy award winning album “A Meeting by the River” with Ry Cooder.


Nasscom, Dubai Internet City sign MoU to attract Indian enterprises

  • The National Association of Software and Services Companies (Nasscom) said it has signed a Memorandum of Understanding (MoU) with Dubai Internet City (DIC) to facilitate expansion of Indian businesses in the Middle East.
  • The agreement, the first of its kind in the Middle East and North Africa (MENA) region, is aimed at attracting Indian small and medium-sized enterprises (SMEs) to the United Arab Emirates (UAE).


India to host global meet on maternal, child health in Dec: UNICEF

  • India will be the global host of UNICEF’s Partnership for Maternal, Newborn and Child Health stakeholders meeting, including participation from nearly hundred countries, this December.
  • The Forum will be hosted by Ministry of Health and Family Welfare in collaboration with the Partnership for Maternal, Newborn and Child Health (PMNCH).

PM Modi inaugurates 36th Indian Carpets Expo in Varanasi

  • The 36th edition of India Carpet Expo, organised by Carpet Export Promotion Council at Trade facilitation Center and Craft Museum, Varanasi (Uttar Pradesh) was inaugurated by Narandra Modi, Prime Minister through video conferencing at Amphitheatre near the museum.

7th meeting of education ministers of member states of the Shanghai Cooperation Organisation (SCO) was held in Astana, Kazakhstan

  • The 7th meeting of education ministers of member states of the Shanghai Cooperation Organisation (SCO) was held in Astana, Kazakhstan. The meeting was organised with the assistance of: Government of Kazakhstan, Ministry of Education and Science of Kazakhstan, Ministry of Foreign Affairs of Kazakhstan and Rector’s Office of the University of the Shanghai Cooperation Organisation, (USCO) and the main (basic) universities of Kazakhstan, affiliated with USCO.

Uttar Pradesh government made the man-animal conflict a ‘State Declared Disaster’

  • The Uttar Pradesh government made the man-animal conflict a ‘State Declared Disaster’. These incidents would be under the ambit of State Disaster Response Fund (SDRF). According to the provisions of the order, a compensatory amount of Rs.5 lakh would be given to the family of the deceased if the victim of the animal attack dies. The disbursement of compensation for injury would be in accordance to SDRF guidelines.


PNB Metlife launches AI-powered customer service app

  • Life insurer PNB Metlife has unveiled an Artificial Intelligence (AI)-powered customer service app ‘Khushi’. The app is designed to be a one-stop shop providing insurance-related information, anytime, anywhere, such as policy features, premium due details besides providing fund value and portfolio details. It has the ability to understand customer intent and provide tailored responses.
  • In 2016, the company had launched ‘conVRse’, virtual reality (VR) service platform as well as ‘eBranch’, a paperless digital platform enabling real time transfer of information. Going forward, PNB MetLife would upgrade Khushi to include other languages and IOS devices

Paytm launches ‘PayPay’ mobile wallet in Japan in JV with SoftBank, Yahoo Japan

  • Paytm has launched a QR-based smartphone payment settlement service in Japan in collaboration with SoftBank and Yahoo Japan Corporation.
  • Paytm had formed a joint venture called ‘PayPay’ corporation with SoftBank and Yahoo Japan, and its first offering is a smartphone-based settlement service that allows users to store money from a bank account in their “PayPay” wallet and make payments with it. Paytm said it is built around its QRtech which it has deployed in India to allow customers to make offline payments.
  • In addition, for sellers and establishments, “PayPay” will not charge any fee for user scan type settlement till the end of September 2021.


The first-ever joint maritime exercise will be conducted between ASEAN and China in the South China Sea

  • The first-ever joint maritime exercise will be conducted between ASEAN and China in the South China Sea near the city of Zhanjiang in an effort to reduce tensions in the disputed region. This exercise will provide very good opportunities from the navies of ASEAN and China to work together using the CUES (Code for Unplanned Encounters at Sea). Four ASEAN members — Brunei, Malaysia, the Philippines and Vietnam — have conflicting claims in the South China Sea with Beijing.

European Space Agency and JAXA have successfully launched an unmanned Bepi Colombo spacecraft to Mercury

  • The European Space Agency and the Japan Aerospace Exploration Agency (JAXA) have successfully launched an unmanned Bepi Colombo spacecraft into orbit from an Ariane 5 rocket for a joint mission to Mercury, the planet closest to the sun. The spacecraft has been named after Italian scientist Giuseppe “Bepi” Colombo.


Denmark Open: Top-seeded Tai Tzu Ying of Taiwan defeats Saina Nehwal in women’s singles final

  • In Badminton, a valiant Saina Nehwal went down fighting to world number one Tai Tzu Ying in the 2018 Denmark Open final match.
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