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Daily Current Affairs 06th Jan 2018

Mamata Banerjee Unveils Official Emblem Of West Bengal Government

  • West Bengal Chief Minister Mamata Banerjee on Friday unveiled the official emblem of the state government, which was recently approved by the centre.
  • The logo highlights the Ashoka emblem on the top with the theme of “Biswa Bangla” at the centre. Ms Banerjee has also contributed to the design of the emblem.

World Book Fair 2018: Delhi gets set for another affair with the written word

  • The 26th World Book Fair has begun at Pragati Maidan, New Delhi and will be held till January 14, 2018. The book fair is an event which witnesses participation of lakhs of visitors and book lovers who throng the book stalls every year.
  • The book fair is not only the right place to discover new books and new authors but also is a place where many discussions and forums are held on burning topics of intellectual concern which is why it is a must-visit event for school and college students.

Defence Ministry Clears Arms Procurement Contracts worth Rs2,420 crore for Navy and Army

  • Defence Ministry cleared contracts worth 2,420 crore rupees for Navy and Army which includes the procurement of P-8I Training Solution and Low-Intensity Conflict Electronic Warfare System (LICEWS).
  • The training solution accurately simulates P-8I aircraft and mission systems.
  • It will help Indian Navy train and realistically rehearse for sophisticated missions involving P-8I aircraft.
  • The procurement of LICEWS will be done from Bharat Electronics Limited to 470 crore rupees.

Himalayan Hydro Expo 2018 kicked off at Kathmandu

  • The Himalayan Hydro Expo 2018 kicked off at Kathmandu, the capital Nepal on Friday. President of Nepal Bidya Devi Bhandari inaugurated the exhibition
  • Delegates from various countries including India, China, Austria, Czech Republic and Norway are participating in the expo. Hydro power developers, manufacturers and suppliers of equipment, investors, banks and construction companies showcasing their products and services through more than 100 stalls.
    Seminars, discussions and competitions for engineering students will also be organised during three day event.
  • The basic objective of Expo is to unleash massive hydro power potential of Nepal and bring all stakeholders under one roof. According to experts Nepal has approximately 40,000 MW of economically feasible hydro power potential and so far it has developed just around 600 MW.

Iceland becomes first country to legalise equal pay

  • A new law making it illegal to pay men more than women has taken effect in Iceland.
  • The legislation, which came into force on Monday, the first day of 2018, makes Iceland the first country in the world to legalise equal pay between men and women.
  • Under the new rules, companies and government agencies employing at least 25 people will have to obtain government certification of their equal-pay policies.

TIHCL Gets RBI Nod to Operate as NBFC

  • Telangana Industrial Health Clinic Limited (TIHCL), a State government initiative, has got RBI clearance to register and function as a non-banking finance company (NBFC).
  • It will be the first State promoted and co-financing NBFC.
  • It had won the SKOCH Platinum Award in September 2017 under the smart governance category in the MSME segment.

Paytm Payments Bank, IndusInd tie-up for fixed deposit facility

  • Paytm Payments Bank  said it has partnered Induslnd Bank to introduce a facility to create a fixed deposit when the customer balance exceeds Rs 1 lakh at the end of day.
  • Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 per cent annual interest.

MAS chief Ravi Menon named region’s top central banker

  • Monetary Authority of Singapore (MAS) managing director Ravi Menon was named on Jan 4 as the top central banker in the region by a United Kingdom-based magazine, becoming the second person here — after Mr Heng Swee Keat, who is currently the Finance Minister — to be given the recognition.

Boeing’s P-8I aircraft training unit to come up in Tamil Nadu by 2021

  • Boeing is going to set up a training facility for its P-8I Long Range Maritime Reconnaissance Anti Submarine Warfare (LRMRASW) aircraft at the naval air station INS Rajali located near Arakkonam in Tamil Nadu.
  • The 60,000 sq. ft. complete training facility would be commissioned at INS Rajali, Arakkonam by March 2021. The India training facility will be the second that Boeing has internationally, the first one being Australia.

Amazon to sell locally made food in India

  • E-commerce giant Amazon is preparing to start selling locally made food through a wholly owned subsidiary in India from March. The unit will only sell locally produced and packaged food products,. Amazon said that it is on track to launch its food retail business, but did not give details.

IESA to hold India’s 1st energy storage startup competition

  • The India Energy Storage Alliance (IESA) is set to hold the country’s first startup competition focused on energy storage, electric vehicles & charging infrastructure, and micro-grids.
  • The competition is a part of its fifth international conference on energy storage and will be held next week. The top three startups will get expression of interest from investors along with cash prize.

India’s 1st park for differently abled inaugurated in Hyderabad

  • India’s first park for people with special needs was inaugurated by Telangana Urban Development Minister KT Rama Rao in Hyderabad on Friday. The park has a speech therapist, a physiotherapist, and vocational training instructors for differently-abled children.
  • “The park will benefit those differently-abled children, who want to move forward and thrive in life,” the minister said.

Maharashtra to form its own international school board

  • The Maharashtra government has announced it will form its own international school board in the state. The Maharashtra International Education Board (MIEB) will be an autonomous body which will design curriculum for schools and conduct examinations.
  • The board will help students who can’t afford an international-level education at private schools, state Education Minister Vinod Tawde said.
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