Current Affairs 2019
Daily GK Updates & Current Affairs for Government Exams
17 April 2019 Current Affairs
PSEs gets 12 months to monetise non core assets
The Union Cabinet announced that the Public Sector companies will have 12 months to monetise (convert something into or express in the form of currency ) non-core assets identified by a ministerial panel headed by the finance minister. On failing, the finance ministry may restrict budgetary allocations to the Central Public Sector Enterprises (CPSEs).
The Department of Investment and Public Asset Management (DIPAM) issued guidelines for monetisation of non-core assets of CPSEs and immovable enemy properties
Home Expo India 2019 Begins in Greater Noida
The 8th edition of Home Expo India 2019 opened at India Expo Centre and Mart, Greater Noida. The three-day exhibition has been organized by the Export Promotion Council for Handicrafts (EPCH). Home Expo India covers sectors with maximum thrust and growth potential in home décor, furnishing, furniture, flooring, and textiles.
Google opened its first Africa Artificial Intelligence lab in Ghana
Google has opened an Artificial Intelligence (AI) research lab in Ghana’s capital Accra, reportedly the first of its kind in Africa, to take on challenges across the continent.
The lab would develop solutions in areas including agriculture, like helping in diagnosing certain types of crop disease. Using Google’s AI machine app ‘TensorFlow’, farmers analyze the issue with their plants and boost their production. TensorFlow was outsourced by the company to help developers generate solutions to real-world problems.
Tech giant Google opened new research centers across the globe such as in Tokyo, Zurich, New York, and Paris, to exhibit itself as AI first company in front of the world.
Google joins Facebook and other tech companies, in launching projects in Africa with a keen eye on the continent’s rising youth population.
Iran passes bills that labels U.S. forces as terrorist
17 April 2019 Current Affairs: Iran’s lawmakers approved a bill labeling U.S. forces in West Asia (Middle East) as terrorist. This move comes a day after the U.S. terrorism designation for Iran’s Revolutionary Guard formally took effect.
Iran’s Defense Minister Gen. Amir Hatami introduced the bill authorizing the government to act firmly in response to terrorist actions by U.S. forces. It demands authorities use legal, political and diplomatic measures to neutralize the American move, without elaborating.
The U.S. move aims at thwarting Iran’s influence and shows that America’s longstanding sanctions against Iran have become ineffective.
Supreme Court banned mining along Kaziranga National Park
The Supreme Court has banned all mining activities along the Kaziranga National Park and catchment area of rivers originating in Karbi Anglong Hills in Assam.
The ban was ordered as per the recommendations of the Central Empowered Committee (CEC).Mining was continuing in the Karbi Anlong hills despite the Supreme Court ban in 1996 and in violation of the Forest Conservation Act, 1980, resulting in environment degradation and habitat destruction in an important elephant and tiger habitat.
Supreme court has also banned new construction activities on private lands which form part of the nine identified animal corridors.
ADB committed highest-ever USD 3 billion in sovereign loans to India
Asian Development Bank (ADB) committed a total of USD 3.88 billion, including sovereign loans and co-financing to India during the year ended December 2018. This is the highest level of assistance since sovereign operations began in the country in 1986. Private sector operations reached USD 3.14 billion, a 37 per cent increase from 2017, which is 14.5 per cent of ADB’s overall commitment.
RBI puts into circulation Rs 50 banknotes signed by Governor Shaktikanta Das
Reserve Bank of India put into circulation 50 rupees denomination banknotes signed by its Governor Shaktikanta Das. RBI in Mumbai approved the design of these notes is similar in all respects to 50 banknotes in Mahatma Gandhi new series. About Reserve Bank of India.
UN owes India USD 38 million for peacekeeping operations
United Nations (UN) owes India USD 38 million, the highest it has to pay to any country, for the peacekeeping operations as of March 2019. In a report on improving the financial situation of the world body, as of March 31, 2019, the total amount payable to troop- and police-contributing countries with respect to active peacekeeping missions was USD 265 million.
Of this, the UN owes USD 38 million to India, followed by Rwanda (USD 31 million), Pakistan (USD 28 million), Bangladesh (USD 25 million) and Nepal (USD 23 million).The arrears to troop- and police-contributing (TCCs/PCCs) countries could increase to USD 588 million by June 2019 “in the worst-case scenario”
Rajesh Yaduvanshi is appointed as Executive Director of Punjab National Bank
Punjab National Bank (PNB) appointed Rajesh Kumar Yaduvanshi as the Executive Director of the bank. Rajesh Kumar Yaduvanshi joined PNB as a management trainee in 1985. He is equipped with an experience of 34 years in the banking career and is a certified associate member of Indian Institute of Bankers. In the past, he had worked with Dena Bank in the capacity of the Executive Director.
Fincare Small Finance Bank won the Celent Model Bank 2019 AwardFincare Small Finance Bank (SFB) honoured with the prestigious Celent Model Bank 2019 Award in Financial Inclusion category, for ‘Redesigning Lending to Reach Small Businesses’. The award recognizes LAP (Loans against Property) D.Lite, which is a tab-based solution designed and developed in-house by Fincare SFB for instant underwriting of loans against property targeted at micro and small enterprises.