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Current Affairs October 4th 2018

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Current Affairs October 4th 2018

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Current Affairs is a type of broadcast journalism where the emphasis is on detailed analysis and discussion of news stories that have recently occurred or ongoing at the time of broadcast. The article Current Affairs October 4th 2018 includes News summary on current events of International, National, Banking, Awards, Appointments, Science and Quiz importance of October 4th 2018.

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First Global Guidelines on Sanitation and Health launched by WHO

Source: Cick Here

Key Highlights:

  • On October 1, 2018, to bring successful changes in sanitation by 2030, World Health Organization (WHO) launched its first Global Guidelines on Sanitation and Health.

  • According to estimation, for every US$ 1 invested in sanitation a nearly six-fold return can be expected.

  • Thus, by adopting the guidelines, countries can reduce the 829 000 annual diarrhoeal deaths due to unsafe water, sanitation and hygiene.

  • Globally, 2.3 billion people lack basic sanitation (with almost half forced to defecate in the open). They are among the 4.5 billion are without access to safely managed sanitation services.
India ranked 28th among 73 countries in govt e-payment adoption: 2018 Visa Survey

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Key Highlights:

  • On October 4, 2018, in the 2018 Government E-Payments Adoption Ranking (GEAR), compiled by The Economist Intelligence Unit commissioned by payments company Visa ranked India as 28th country to progress in the digital transformation journey.

  • The survey is a 73-country ranking survey with Norway leading the pack followed by France and Denmark.
  • India moved up to 28th in 2018, from 36th in 2011.

  • It holds the top ranking on B2G and G2B, and comes third on C2G jointly with Argentina.

  • India leads the B2G category, along with other countries like Australia, Singapore and South Korea.

  • India ranks third in the C2G category, along with four other countries, while France and the UAE top the list.

  • India ranks 25th in the G2C category.

  • India is at the 58th place for Digital infrastructure and 60th among the 73 countries surveyed on Socio-economic development.

  • On political context on protecting intellectual property rights, India ranks 40th.

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Cabinet Approvals with Foreign Countries on October 3, 2018

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Key Highlights:

  • Cabinet chaired by Prime Minister Shri Narendra Modi approved the Memorandum of Understanding (MoU) between India and Russia on Bilateral cooperation in the Road Transport and Road Industry.

  • Cabinet approves MoU between India and Russiaon cooperation in the field of Micro, Small and Medium Enterprises.

  • Cabinet chaired by Prime Minister Shri Narendra Modi approved to the Second Protocol amending the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore.
Cabinet Approvals on October 3, 2018

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Key Highlights:

  • Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the Redevelopment of Railway Stations.

  • Union Cabinet, chaired by the Prime Minister Shri Narendra Modi approved the implementation of Indore Metro Rail Project.

  • On October 4, 2018, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi approved implementation of Bhopal Metro Rail Project comprising two corridors of total length 27.87 Km.

  • Cabinet approves establishment of National Institute of Mental Health Rehabilitation in Sehore District instead of Bhopal.

  • Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi approved Budgetary support to Nepa Limited for the Revival and Mill Development Plan.

  • On October 4, 2018, the Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi approved the increase in the Minimum Support Prices (MSPs) for all Rabi crops for 2018-19 to be marketed in 2019-20 season.
Government cuts excise duty on fuel by Rs 2.50, appeals States to lower VAT

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Key Highlights:

  • On 4th October 2018, the Government cut Excise duty on petrol and diesel by Rs 2.50.

  • The government and oil companies will absorb the price cut by Rs 1.50 and Rs 1 respectively.

  • Union Finance Minister Arun Jaitley has also urged the state governments to reduce Value Added Tax (VAT) on fuel by another Rs 2.50.
Assam Assembly passes GST (Amendment) Bill

Source: Cick Here

Key Highlights:

  • On October 4, 2018, the Assam state assembly passed an amendment in the Assam Goods and Services Tax (Amendment) Act 2018.

  • According to the amendments, GST registration for companies having up to 20 lakh rupees(earlier Rs.10 lakh) turnover per annum has been exempted, The limit of turnover from Rs 75 lakh to Rs 1.5 crore has been increased for businesses to be eligible for filing one per cent composite tax.

  • The trading community will have to pay a lumpsum of 1 percent for turnover of up to 1.5 crore rupees and manufacturers to pay lumpsum of 2 percent of normal GST.

shape Banking

State Bank of Mauritius’ India operations hit by cyber fraud

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Key Highlights:

  • On October 4, 2018, State Bank of Mauritius India operations was hit by cyber fraud.

  • The total loss incurred in the process amounts to USD 14 million.

  • It is a part of State Bank of Mauritius and got approval to operate as a subsidiary in India on August 2, 2018 from RBI.

$100 Million Loan was signed by Government of India and the Asian Development Bank (ADB) to expand Sewerage and Drainage Coverage in Kolkata

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Key Highlights:

  • On October 3, 2018, Asian Development Bank (ADB) signed a $100 million loan agreement with India for continuation of Sewage and water treatment in Kolkata.

  • This was a 3rd and final tranche loan under the $400 Million Multi Tranche facility, Kolkata Environmental Improvement Investment Program.

  • This will be implemented under Kolkata Municipal Corporation (KMC).

  • The Kolkata Environmental Improvement Investment Program aims to restore water production capacity to 1,478 million liters per day and ensure leaks on 700 kilometers of water pipes are repaired by 2023. Approved in 2014.
‘Boost’: MobiKwik’s new product to offer instant loan within 90 seconds

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Key Highlights:

  • On October 3, 2018, MobiKwik launched an instant loan approval and disbursal product called ‘Boost’.

  • As per the offer, loans of upto Rs 60,000 can be sanctioned as well as disbursed in a matter of 90 seconds.

  • The approval time for the loan would be 30 seconds based on an innovative risk scoring model called ‘Mobiscore’.

  • The minimum amount of loans that can be approved is for Rs. 5000 and the users will have the option to transfer the amount in their bank accounts.

  • They can pay the loan in easy monthly installments of 6-9 months.

  • It is the first-of-its-kind of credit disbursal product that disburses loan amount in the user’s mobile wallet.

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Nobel Chemistry Prize for Evolution Research: Frances Arnold, George Smith and Gregory Winter

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Key Highlights:

  • On 3rd October 2018, US scientists Frances Arnold and George Smith and British researcher Gregory Winter won the Nobel Chemistry Prize.

  • They were awarded the Nobel Chemistry Prize for applying the principles of evolution to develop enzymes used to make various items from biofuels to pharmaceuticals.

  • Frances Arnold is the 5th woman to win the Nobel Chemistry Prize. She received half of the 9 million Swedish kronor (nearly USD 1.01 million) award. George Smith and Gregory Winter shared the other half.

  • The three scientists used the same principles of evolution: Genetic change and selection, to develop proteins.
Ministry of Railways wins ‘Swachchta Hi Seva’ award

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Key Highlights:

  • On 2nd October 2018, Ministry of Railways was named the best department for its contribution to “Swachchta Pakhwada” under the “Swachchta Hi Seva” category of awards.

  • This was declared in an inter-ministry initiative organised by the Ministry of Drinking Water and Sanitation to encourage cleanliness in government offices and health facilities.

  • The award was presented to the Railway Ministry on the 4th anniversary of the Swachh Bharat Mission (October 2).

  • ‘Swachchta Hi Seva’ campaign was launched in 2017 to promote the public to involve in building toilets and cleaning public places.
Mukesh Ambani is the richest Indian for 11th consecutive year with $47.3 billion

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Key Highlights:

  • Mukesh Ambani has been named the richest Indian for the 11th consecutive year with a net worth of $47.3 billion, as per the ‘Forbes India Rich List 2018’.

  • Reliance Industries’ Chairman Mukesh Ambani is also the biggest gainer of the year, with a gain of $9.3 billion to his wealth.

  • Wipro Chairman Azim Premji has secured the 2nd position, with a wealth of $21 billion.

  • ArcelorMittal Chairman and CEO Lakshmi Mittal is in 3rd positon with a net worth of $18.3 billion.

  • Hinduja brothers occupy 4th position with net worth of $18 billion and Pallonji Mistry is at 5th spot with $15.7 billion.

  • Others in the top 10 list are: Shiv Nadar ($14.6 billion), Godrej family ($14 billion), Dilip Shanghvi ($12.6 billion), Kumar Birla ($12.5 billion) and Gautam Adani ($11.9 billion).

  • Kiran Mazumdar-Shaw is the biggest percentage gainer of the year, with increase in net worth by 66.7 % to $3.6 billion.

shape Appointments

Ramon Laguarta succeeds Pepsico’s Indian-origin CEO Indra Nooyi

Source: Cick Here

Key Highlights:

  • On 3rd October 2018, Ramon Laguarta took charge as the chief executive officer (CEO) of PepsiCo.

  • Ramon Laguarta succeeds India-born Indra Nooyi, who was the CEO of PepsiCo for 12 years. Indra Nooyi will be chairman of PepsiCo till early 2019.

  • Ramon Laguarta has served as President of PepsiCo since 2017. He has also been elected to PepsiCo’s Board of Directors with effect from October 3, 2018.
Justice Surya Kant named Himachal Pradesh High Court Chief Justice

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Key Highlights:

  • On 3rd October 2018, Justice Surya Kant was appointed as the Chief Justice of Himachal Pradesh High Court.

  • Justice Surya Kant was a judge in the Punjab and Haryana High Court. The post of Chief Justice in Himachal Pradesh High Court has been vacant since April 2017.
Chanda Kochhar resigns as ICICI CEO, Sandeep Bakhshi to take over

Source: Cick Here

Key Highlights:

  • On 4th October 2018, ICICI Bank MD and CEO (Managing Director & Chief Executive Officer) Chanda Kochhar resigned from the post.

  • Sandeep Bakhshi has been appointed as the new MD and CEO of ICICI Bank for a period of 5 years till October 3, 2023.

  • Chanda Kochhar was on leave and is being investigated over alleged conflict of interest in deals with several customers of the bank including the Videocon Group.

  • She joined ICICI Limited in 1984. In 2006-07, she led ICICI Bank’s corporate and international banking businesses.

  • From 2007 to 2009, she was Joint Managing Director and Chief Financial Officer of ICICI Bank.

  • In 2009, she became MD and CEO of ICICI Bank. In 2011, she was awarded Padma Bhushan.

shape Science

First known exomoon may have been discovered

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Key Highlights:

  • Astronomers have made a discovery, which might be the first Exomoon i.e. the first known moon outside our Solar System.

  • This exomoon was detected by NASA’s Kepler spacecraft and was observed using the Hubble telescope around exoplanet Kepler 1625b.

  • The exomoon was found orbiting Kepler 1625b, a gaseous planet 8,000 light-years away. The findings have been published in the journal Science Advances.

  • The exomoon is gaseous and is the size of Neptune and orbits Kepler 1625b, which is the size of Jupiter.

shape Quiz

Q1. Chanda Kochhar has quit her position as the CEO and MD of this bank with immediate effect.
    A. ICCI B. PNB C. Axis D. HDFC Answer: A

Q2. The RBI has imposed penalty worth Rs 5 crore on which Indian bank for non-compliance of certain direction?
    A. State Bank of India B. Punjab National Bank C. Canara Bank D. Federal Bank Answer: D

Q3. Which bank has reduced its ATM withdrawal limit to Rs 20,000?
    A. Punjab National Bank B. Bank of India C. State Bank of India D. Federal Bank Answer: C

Q4. International Court of Justice has ordered the United States to ease its sanctions on which nation?
    A. China B. Iran C. Canada D. Russia Answer: B

Q5. Which state’s cabinet has given its approval to regularise 8886 teachers?
    A. Madhya Pradesh B. Delhi C. Punjab D. Rajasthan Answer: C

Q6. The Union Cabinet has hiked the MSP of which crops?
    A. Rabi B. Kharif C. Rice D. Maize Answer: A

Q7. Which Under-19 player became the youngest Indian to score a Test century on debut?
    A. Prithvi Shaw B. Shikhar Dhawan C. Cheteshwar Pujara D. Abbas Ali Baig Answer: A

Q8. Prime Minister Narendra Modi inaugurated the first Assembly of the International Solar Alliance in which city?
    A. Mumbai B. New Delhi C. Kanpur D. Noida Answer: B

Q9. Frances H. Arnold, George P. Smith, Sir Gregory P. Winter won the 2018 Nobel Prize in which field?
    A. Medicine B. Physics C. Chemistry D. Literature Answer: C

Q10. Myanmar leader Aung San Suu Kyi became the first person to be stripped off which honour?
    A. Canadian citizenship B. US Green Card C. Nobel Peace Prize D. Myanmar leadership Answer: A

Q11. The Union Cabinet approved MoU between India and which country on bilateral cooperation in the road transport and road industry?
    A. France B. Russia C. Spain D. Japan Answer: B

Q12. The Union Cabinet approved the implementation of Metro Rail Project comprising Ring Line of length 31.55 Km from Bengali Square to Patasia in which city?
    A. Indore B. Bhopal C. Kanpur D. Ranchi Answer: A

Q13. Which state government has recently launched its own food security scheme to cover the poor people who left out of the National Food Security Act (NFSA)?
    A. Odisha B. Assam C. Maharashtra D. Goa Answer: A

Q14. India has been ranked 5th along with which of the following countries in pictorial warnings on cigarette packets, according to latest Canadian Cancer Society report?
    A. Indonesia and Malaysia B. Nepal and Vanuatu C. Hong Kong and Thailand D. Timor Leste and Brazil Answer: C

Q15. India’s tallest National flag from the average city elevation has recently installed in which city?
    A. New Delhi B. Guwahati C. Gandhi Nagar D. Odia Answer: B

Q16. Thampi Kannanthanam, who passed away recently, was associated to which of the following regional cinemas?
    A. Tamil B. Malayalam C. Telugu D. Odia Answer: C

Q17. The joint Multi – National Maritime Exercise “IBSAMAR 2018” has kicked off in which country?
    A. India B. Brazil C. South Africa D. South Korea Answer: C

Q18. What is the theme of the 2018 International Day of Older Persons?
    A. Tapping the Talents of Older Persons in Society B. Take a Stand Against Ageism C. Celebrating Older Human Rights champions D. Sustainability and Age Inclusiveness in the Urban Environment Answer: C

Q19. Who will head the Group of Ministers (GoM) to examine modalities for ‘calamity tax’ under GST?
    A. Ravi Shankar Prasad B. Narendra Singh Tomar C..Suresh Prabhu D. Sushil Modi Answer: D

Q20. The Mahatma Gandhi International Sanitation Convention (MGISC) has recently concluded in which city?
    A. Gandhi Nagar B. New Delhi C. Kanpur D. Ahmedabad Answer: B

Q21. Which of the following women physicists has won the 2018 Nobel Prize in Physics?
    A. Lisa Randall B. Lisa Randall C. Donna Strickland D. Gabriela Gonzalez Answer: C

Q22. Who has been named as the flag-bearer of the Indian contingent for the 3rd Paralympic Asian games 2018?
    A. Devendra Jhajharia B. Thangvellu Mariyappan C. Amit Kumar Saroha D. Girisha Nagarajegowda Answer: D

Q23. India is aiming to generate 40 percent power from non fossil fuel by which year?
    A. 2022 B. 2020 C. 2025 D. 2030 Answer: D

Q24. India’s first National Dolphin Research Centre will soon be opened in which city?
    A. Lucknow B. New Delhi C. Patna D. Surat Answer: C

Q25. Which organization has launched a national level entrepreneurship awareness campaign “Udyam Abhilasha”in 115 aspirational districts?
    A. IRDA B. SIDBI C. NHB D. RBI Answer: B

Q26. Which state CM inaugurated the city’s “ Dravyavati River Rejuvenation Project”executed by Tata Projects Ltd?
    A. Bihar B. Haryana C. Rajasthan D. Uttar Pradesh Answer: C

Q27. Recently,tribals affected by Maoist insurgency begin peace march from which state’s village?
    A. Telangana B. Andhra Pradesh C. Odisha D. Sikkim Answer: B

Q28. Which bank has recently announced the closure of 51 branches across the country as part of cost-cutting measures being implemented in the banking industry?
    A. Indian Bank B. Canara Bank C. Bank of Maharashtra D. Bank of Baroda Answer: C

Q29. Which company has acquired technology of artificial intelligence (AI) service provider AuthMe ID Services?
    A. Vodafone B. Bharti Airtel C. IBM D. Jio Answer: B

Q30. Australia Mile Jedinak announced his retirement.He was related to which profession?
    A. Actor B. Politics C. Sports D. Film Industry Answer: C