This Daily Current Affair Capsule aims to be a time-saving tool for going through relevant news from national dailies and government releases on PIB. Aspirants for UPSC IAS, CDS, SSC CGL, NDA, etc. will find it highly useful to cover for revision and awareness purposes.
National Important Current Affairs – 14 May 2018
■ The Army has finalised a 15,000 crore rupee project under which a range of ammunition for its critical weapons and tanks will be produced indigenously. Ammunition for a range of rockets, air defence system, artillery guns, infantry combat vehicles, grenade launchers and various other field weapons would be produced under strict time-lines.
The immediate aim of the project is to create an inventory for all major weapons to enable the forces to fight a 30-day war, while the long-term objective is to cut dependence on imports.
■ Ministry of Tourism has decided to expand Buddhist tourism circuit under Swadesh Darshan Scheme to 21 more states to make it India’s first trans-national tourist circuit. These new states includes Madhya Pradesh, Rajasthan, Kerala, West Bengal, Goa, Gujarat and Jammu & Kashmir.
- A total of Rs 362 crore has been sanctioned so far, of which Rs 75 crore has been cleared for Madhya Pradesh under the Ministry’s Swadesh Darshan scheme, for the development of Sanchi, Satna, Rewa, Mandsaur and Dhar.
- Besides, Rs 36 crore and Rs 52 crore have been sanctioned for Gujarat and Andhra Pradesh respectively.
■ Supreme Court has approved the ‘Compensation Scheme for Women Victims, Survivors of Sexual Assault, Other Crimes-2018’. According to this scheme, a victim of gangrape in any part of the country would now get a minimum compensation of Rs 5 lakh up to a maximum of Rs 10 lakh. The scheme also provides compensation in cases of acid attacks. This is part of a scheme proposed by the National Legal Services Authority (NALSA) on compensating the victims of sexual assaults and acid attacks.
About NALSA: National Legal Services Authority of India (NALSA) was formed on 5 December 1995 under the authority of the Legal Services Authorities Act 1987. Its purpose is to provide free legal services to eligible candidates, and to organize Lok Adalats for speedy resolution of cases.
The Chief Justice of India is patron-in-chief of NALSA while second seniormost judge of Supreme Court of India is the Executive-Chairman.
■ Scientists have discovered world’s second oldest grain of Magmatic Zircon (a mineral that contains traces of radioactive isotopes) from Champua from Singhbhum rock sample in Odisha’s Kendujhar district. It is an estimated 4,240 million years old, making it world’s second oldest rock ever to be discovered.
The zircon is a mineral that contains traces of radioactive isotopes. It is an estimated that the magnetic zircon in the rock is 4, 240 million years old that will offer fresh clues about the earth’s origins. This rock sample was recovered nearly 8 years ago from Champua that has put India at the forefront of geological research in the world.
International Current Affairs Capsule – 14 May 2018
■ During his 2 day visit of Indian Prime Minister Narendra Modi to Nepal, both countries agreed to expand their partnership for socio-economic development on the basis of principles of equality, trust, respect and mutual benefit.
In a joint statement issued by Mr Modi and his Nepalese counterpart, KP Sharma Oli, the need for regular convening of bilateral mechanisms to review the overall state of bilateral relations and for expeditious implementation of the economic and development co-operation projects was emphasized. The two Prime Ministers also underscored the importance of trade and economic ties between India and Nepal.
The two PMs launched the 900-megawatts Arun III project and agreed on a timeline by which to implement key projects, including the construction of a railway line between Raxaul and Kathmandu. The Arun III is the first of five mega hydropower projects, two of which are backed by Chinese companies, to begin construction.
They have also launched a bus service from Janakpur, the birthplace of goddess Sita to Ayodhya, which is believed to be the birthplace of Hindu god Ram—under the Ramayana circuit.
Note that: Modi began his two-day trip in Janakpur, a border town in southern Nepal, and spent much of his 29 hours in Nepal visiting and offering prayers at major Hindu pilgrimage sites, including Janaki Temple, Muktinath Temple and Pashupatinath Temple.
■ Prof. Muhammad Yunus, the Nobel laureate and noted economist, has been conferred with the 11th KISS Humanitarian Award 2018 for his unwavering commitment to eradicate global poverty and foster economic and social development. He is the founder of the Grameen Bank in Bangladesh and is widely known as the Father of Microfinance. The KISS Humanitarian Award is a prestigious international award given to someone who has made exceptional contribution to the society in various fields relating to social issues and who has distinguished himself or herself as a true humanitarian.
It was instituted in 2008 by Dr Achyuta Samanta, the founder of Kalinga Institute of Social Sciences (KISS) Bhubaneswar.
■ Iraq voted in its 1st Parliamentary election since declaring victory over the Islamic State group. About 7,000 candidates from dozens of political alliances are contending for 329 parliamentary seats. The voting was conducted electronically for the first time in an effort to reduce fraud.
■ The National Aeronautics and Space Administration (NASA) will launch the 1st-ever helicopter to Mars in 2020, which will be a miniature, unmanned drone-like chopper that could boost our understanding of the Red Planet. It will be simply called “The Mars Helicopter,” weighting less than four pounds (1.8 kilograms), and its main body section, or fuselage, will be about the size of a softball.
■ The Shanghai Cooperation Organization (SCO) Tourism Ministers’ conference was held in Wuhan, China.
It was the first meeting of SCO tourism ministers since the organization was established in 2001 in Shanghai.
From India’s side, K. J. Alphons, Minister of State (Independent Charge) went in the meeting, which approved a joint action plan, for cooperation among national tourism administrations and promote smart tourism.
■ Bangladesh’s first communication satellite Bangabandhu-1 was launched by SpaceX’s Falcon 9 rocket from Kennedy Space Center Launch Complex 39A. The Bangabandhu – 1 is designed to provide wide range of broadcast and communication services throughout Bangladesh. It has been named after Bangladesh’s “Father of the Nation”- Bangabandhu Sheikh Mujibur Rahman.
■ India and Peru signed an agreement on cooperation in the field of Renewable Energy. The pact was signed in the presence of Vice President M Venkaiah Naidu and the Prime Minister Cesar Villanueva Arevalo. Peru’s External Affairs Ministry also organized a special programme in Lima to commemorate the 55 years of diplomatic ties with India. Peru is a founder member of the International Solar Alliance (ISA), established by India and France.
Economics Today’s Current Affair Capsule – 14 May 2018
■ The Reserve Bank of India (RBI) has barred the state run lender Dena Bank from extending fresh credit in view of deteriorating financial health due to mounting Non-Performing Assets (NPAs). In addition, the lender has also been barred from recruiting more staff.
Note that: With this Dena Bank became the first lender to face curbs on lending under the PCA framework.
Sports Current Affairs – 14 May 2018
■ Indian Women’s Hockey team beat Japan, 4-1 in their opening game of Asian Champions Trophy at South Korea. It is a sporting event conducted by the Asian Hockey Federation from the year 2011. Pakistan and India are the most successful teams in Asian Hockey Champions.
The 2018 Asian Champions Trophy is being held at Donghae City, South Korea from 13th to 20th May 2018.
■ Anne V Coates, a British film editor, has passed away in Los Angeles, California at the age of 92 years. She was best known as the editor of David Lean’s epic film Lawrence of Arabia in 1962, for which she won an Oscar.
- Anne was BAFTA-nominated four times for work including ‘The Elephant Man’ and ‘Erin Brockovich’ and received the BAFTA Fellowship in 2007.
- She also received an Academy Honorary Award, known as a Lifetime Achievement Oscar, in November 2016 by the Academy of Motion Picture Arts and Sciences. She continued working up to the time of her death.
- She was currently in pre-production as an editor on “A Dolphin In Our Lake” and as executive producer on “Off The Leash”.
“Current Affairs Questions for UPSC IAS Prelims – 14 May 2018 “
Q1.Who is the author of the book “Across the Bench – Insight into the Indian Military Judicial System”?
A) Sachin Singh Rawat
B) Gyan Bhushan
C) Bipin Rawat
D) Birender Singh Dhanoa
Q2.Which city hosted the first-ever joint conference of Indian Customs and Department of India Posts?
D) New Delhi
Q3.Which country has become the largest remittance-receiving country in the world in 2017, as per report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’?
Q4. The Parliamentary panel to study the recovery of black money and performance of public sector banks for 2018-19. The panel will be headed by whom?
A) Shashi Tharoor
B) Arun Jaitley
C) L. K. Advani
D) Murali Manohar Joshi
Q5.What is the theme of the 2018 International Nurses Day (IND) is celebrated on which date?
A) Nurses: A voice to lead – Safe Motherhood
B) Nurses A Voice to Lead – Health is a Human right
C) Nurses: Working with the Poor; Against Poverty
D) Nurses: A Force for Change – A vital resource for health
Answer these questions in the comments below. We encourage you to discuss your thoughts on the news and issues mentioned in today’s current affairs post. The idea is to promote healthy discussions on interesting issues to make preparation fun. Have a good day!