Current Affairs Update – 10 July 2018

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Current Affairs Update 10 July 2018

Current Affairs is an important part for many exams. Be prepared for this section with ByScoop which brings all the important Current Affairs in one place. 10 July 2018.

India ranks 57 in the Global Innovation Index (GII) ranking 2018; Switzerland top

  • India has been ranked 57th in the Global Innovation Index (GII) rankings 2018. Switzerland has topped the ranking while Yemen is at the last rank among 126 countries.
  • It is an index of the world’s most innovative economies. It is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO).

Andhra Pradesh tops ease of doing business rankings

  • Andhra Pradesh has topped ease of doing business rankings for the financial year 2016-2017. Telangana was on second and Haryana on third.
  • This ranking is released by Department for Industrial Policy and Promotion which is a part of Ministry of Commerce and Industry. This year it was the third edition of the ranking.
  • Arunachal Pradesh, Lakshwadeep and Meghalaya got 0 score and are at last position all three at 34th rank.

Maharashtra Launches One Farmer One Transformer Scheme

  • The Maharashtra government has come up with a new scheme named “one farmer one transformer” that aims to allocate one transformer per farmer in the state in order to reduce electricity losses.
  • The scheme will be unveiled on August 15 and will benefit two lakh farmers who will be given electricity connection for high voltage distribution line to ensure uninterrupted power supply
  • Some regions of the state faces about 50 percent electricity losses and the government wants to bring it down to 15 percent.

India Signs 11 MoUs With South Korea in Various Fields

  • India and South Korea have signed eleven MoUs  including in the areas of trade, cultural and scientific and technological cooperation, during the visit of South Korean President Moon Jae-in to India.
  • These agreements were signed in New Delhi on July 9 at the conclusion of the 4th India-Korea Science & Technology Ministers Steering Committee Meeting.

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Government Declares 6 Educational ‘Institutions of Eminence’

  • The University Grants Commission (UGC) has shortlisted 6 ‘Institutions of Eminence’ (IoEs) that includes 3 Public Sector and 3 Private Sector institutions to provide them autonomy.
  • The selection of the 6 institutions as Institutions of Eminence is based on the recommendation of an Empowered Expert Committee (EEC). The move is part of a scheme of the Ministry of Human Resource Development (HRD) to select 20 IoEs, 10 public and 10 private, in an initiative aimed at creating world-class colleges in India.

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Government Launches India Smart Cities Fellowship (ISCF) and Internship (ISCI) Program For Youths

  • The Ministry of Housing and Urban Affairs has launched several new initiatives under AMRUT and the Smart Cities Mission on July 9.

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BIMSTEC Summit to be Held in Kathmandu on August 31

  • The two-day Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit will be held in Kathmandu, Nepal from August 31.
  • This will be the fourth summit of the BIMSTEC. The first ever summit of the regional organization was held in Bangkok of Thailand in the year of 2004.
  • The BIMSTEC, a regional body founded in July 1997, has Bangladesh, Bhutan, India, Myanmar, Sri Lanka and Thailand as other members of the regional forum, including Nepal.

RBI raises Centre’s WMA advances to Rs 70,000 crore for July-September quarter

  • The Reserve Bank of India (RBI) has notified that the limits for Ways and Means Advances (WMA) for the second quarter of the financial year 2018-19 (July 2018 to September 2018) will be Rs 70,000 crore.
  • The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.
  • The interest rate on WMA/overdraft will be:
    • WMA: Repo Rate
    • Overdraft: Two percent above the Repo Rate

ADB Approves USD 503 Mln Project of Lining of Son Canal in Bihar

  • Asian Development Bank (ADB) has approved USD 503 million (Rs 3272.49 crore) lining project of the Son canal in Shahabad-Bhojpur region of Bihar.
  • This project will bring immense benefits to the agriculture sector of Shahabad – Bhojpur region of Bihar.
  • The estimated cost of the project is USD 503 million out of which USD 352 million is being provided by ADB.

Jeremy Hunt Replaces Boris Johnson as UK Foreign Secretary

  • British Prime Minister Theresa May has appointed UK Health Secretary Jeremy Hunt as the new Foreign Secretary to replace Boris Johnson.
  • The new appointment follows dramatic stepping down of Johnson from his post soon after the resignation of Brexit Minister David Davis.
  • Hunt’s post of health secretary has been taken over by culture, media and sport secretary Matt Hancock.

Prof. Sandeep Sancheti Takes Charge As President Of AIU

  • Dr. Sandeep Sancheti, Vice Chancellor of SRM Institute of Science and Technology (SRMIST) has assumed charge as the 97th President of the Association of Indian Universities (AIU), New Delhi.
  • AIU has currently more than 720 members represented by Vice Chancellors and facilitates coordination and mutual consultation among Universities as well as acting as a liaison with Central and State governments.
  • AIU was founded in 1925 and initially known as the Inter-University Board of India.

Ram Sehgal Selected for AAAI Lifetime Achievement Award

  • The Advertising Agencies Association of India (AAI) has named legendary ad man Ram Sehgal for 2018 AAAI Lifetime Achievement Award.
  • This is the highest honour to be given to an individual in India for his/her outstanding contribution to the advertising industry.
  • The Award to be presented to Ram Sehgal on July 26 in Mumbai is being bestowed on him in recognition of his outstanding leadership and contribution to the advertising industry, in establishing Delhi as a premier centre for advertising in India (JWT Delhi).

Dr Ravi Mehrotra Conferred With Lifetime Achievement Award at Seatrade Awards

  • Dr Ravi Mehrotra, Chairman of Foresight Group International Ltd., was presented with a Lifetime Achievement Award at the Seatrade 30th Anniversary Award Ceremony held at the Landmark, London on June 29th.
  • The award was presented by the Chairman of Seatrade, Mr. Chris Hayman. This year’s Seatrade Awards was a celebration of 30 years rewarding excellence across the shipping industry.
  • The award recognises recipients who have made a significant and lasting contribution to shipping and the maritime industry.

Google Introduces Launchpad Accelerator India

  • Google has unveiled a new mentorship program named ‘Launchpad Accelerator India’ which is tailored exclusively for startups based in India working in the fields of Artificial Intelligence (AI) and Machine Learning (ML) to build solutions for India’s local needs.
  • Launchpad Accelerator India will kick-off as a three-month accelerator to provide the Indian startups with mentorship and access to the best of Google assets that is its people, network and technologies.
  • The Startups will need to meet the certain criteria to be considered for the Launchpad Accelerator India and each class will consist of upto 10 startups shortlisted from across India.
  • Startups will also receive Google Cloud Credits from  $20K – going up to $100K each.

Disney Launches ‘Dream Big Princess’ Campaign for Women Filmmaker

  • Disney have launched a campaign titled ‘Dream Big Princess’ to inspire and support aspiring women filmmakers by giving them a powerful platform to showcase their work.
  • Under the intiative, 21 girls and women across 13 countries has been selected to develop short films about the women that inspire them.
  • The films will be shared through Disney’s social media channels and for every like and share that the projects get, a $1 donation from Disney will be made toward the United Nations Foundation’s ‘Girl Up’ – which supports women’s equality globally through training and education.
  • Disney’s chief creative officer Jennifer Lee, who won the Academy Award for her 2014 feature “Frozen”, will also serve as one of the film subjects.

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