Current Affair of 01 April 2018, Exam View.

Current Affair 01 April 2018

SpaceX launches 10 satellites

American aerospace company SpaceX on Friday successfully launched a Falcon 9 rocket carrying 10 telecommunications satellites from the Vandenberg Air Force Base in Southern California.

The Iridium-5 NEXT Mission marked the fifth set of 10 satellites that SpaceX has launched for its customer's Iridium NEXT global satellite constellation.

The Iridium-NEXT satellites were launched for McLean, Virginia-based satellite operator Iridium Communications.

International Yachting Festival

International Yachting Festival was inaugurated at Vizag, Andhra Pradesh on 29th March. The festival is being held from March 29 to April 1

This International Yachting Festival is the first step in developing sea tourism in Visakhapatnam

Fino Payments to set up Android-based mPOS

Fino Payments Bank has said it plans to deploy multi-utility Android-based mPoS (mobile point-of-sale) devices across 10,000 banking points in the country in a phased manner.

Fino Payment

What is mPoS

  • The mPoS is a portable device with an in-built fingerprint scanner, card reader, camera, printer and a tablet.
  • The device will gradually replace the combination of devices currently used to facilitate fingerprint authentication and digital transactions.
  • mPOS device is also interoperable. That means, customers with debit cards issued by other banks can also do payments and withdrawal transactions at Fino’s banking points

In the next 12 months, Fino Payment will deploy these(Android-based PoS) devices at 10,000 of Fino retail as well as corporate banking points, including branches, BPCL outlets, franchisee points and partner bank’s BC (Business Correspondent) channel.

With the mPOS devices, Fino executives will be able to provide all the banking services — account opening, deposit, withdrawal, money transfer, product sales (insurance, gold loan leads, BC lending services) and Aadhaar-enabled payment systems (AEPS) — to customers at their doorstep

Cabinet approves fixation of Nutrient Based Subsidy rates for Phosphatic and Potassic (P&K) fertilizers for the year 2018-19

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri has approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy (NBS)rates for P&K Fertilizers for the year 2018-19.

‘Huddle Kerala’ - Kerala to host Asia's largest startup conclave on April 6, 7

Asia's largest startup ecosystem congregation, Huddle Kerala, will be held at Kovalam near here on April 6 and 7. The initiative is envisaged to provide a platform for start-ups to pitch their products and interact with a wide array of technology and industry leaders from around the world

Huddle Kerala will primarily focus on the emerging sectors like blockchain, cryptocurrency, internet of things (IoT), gaming and e-sports, cybersecurity, digital entertainment, augmented reality, virtual reality, e-governance and mobile governance among other latest technologies

The philosophy behind Huddle Kerala is to help the next generation world-conquering companies move forward.

Nepal’s central bank permits banks to borrow from abroad

Nepal's central bank has paved the way for domestic commercial banks to borrow from foreign banks and financial institutions.

The banks can borrow loans for the period from one year to five years to finance only in the productive sector such as agriculture, tourism, hydropower and outer infrastructure projects.

Borrowed loans from abroad cannot be used to lend to the real estate, share market and imports.

Kotak becomes first bank to roll out AI-run voicebot

Kotak Mahindra Bank has launched the country’s first artificial intelligence-powered voice-bot in the banking sector.

Keya uses automatic speech recognition, natural language understanding and text-to-speech technology. It is powered by Nuance, the same technology behind Apple’s Siri.

Kotak Mahindra bank

Work of Kev

Keva will save time by bypassing the various options in an interactive voice response system (IVRS). Keya has been trained to recognize voice of customers across the country and can convert speech to text irrespective of the accent of the customer. If keva not able to understand anything, the call will be bypassed to an agent who can pick up the query from where the machine left off.

National Annual Rural Sanitation Survey (NARSS)

  • The National Annual Rural Sanitation Survey (NARSS) 2017-18 reveals that 68% of rural households in India use the toilet when required.
  • The survey was conducted by a third party agency Kantar Public, as a requirement by the World Bank to begin payout on its $1.5 billion loan to the Swacch Bharat Abhiyan-Gramin.
  • The provisional summary report of the survey found that 77% of all rural households now have access to toilets and that 93.4% of those who had access to toilets used them regularly.
  • Kerala and Mizoram top the list of States, with 100% of households which do not practice open defecation.
  • Uttar Pradesh and Bihar are at the bottom of the rankings, with less than 44% of such households.
  • The following 11 states/UTs namely Sikkim, Himachal Pradesh, Kerala, Uttarakhand, Haryana, Gujarat, Chandigarh, Daman and Diu, Arunachal Pradesh, Chhattisgarh and Meghalaya had been declared Open Defecation Free in India.

Swachh Bharat Summer Internship

The Ministry of Drinking Water and Sanitation has introduced a Swachh Bharat Summer Internship (SBSI), for college students to conduct sanitation drives in villages during summer vacation

Swachh Bharat Mission
  • This is in line with the Prime Minister's clarion call on 2nd October 2014 for each individual to devote 100 hours to Swachhata through the year.
  • The purpose of SBSI is to develop skills for the cleanliness sector in the millions of educated youth across the country, to spread awareness of public awareness and to strengthen the mass movement for clean India campaign.
  • Under the conditions of internship, every candidate will need to work for various activities on various activities, including workshops, preparation of sanitation infrastructure, arrangement for behavioral change and other IEC initiatives in the villages and surrounding areas.
  • Internships are being prepared in consultation with the Department of Higher Education. Best internship will be recognized at college, college, state and national level.
  • An internship certificate will be provided by the Swachh Bharat Abhiyan to all the entrepreneurs who complete SBSI.
  • The University Grants Commission has agreed to provide two credit points to the students of those higher educational institutions under the Choice Based Credit System (CBCS), who will make and complete the SBSI.