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Current Affair 18 May 2018

NATIONAL

Yeddyurappa takes oath as the CM of Karnataka

B S Yeddyurappa was sworn in as the Chief Minister of Karnataka on Yesterday(17 May 2018), a day after Governor Vajubhai Vala invited the BJP to form government in the state. B S Yeddyurappa, who was elected the party’s legislative leader earlier that day, took oath at 9 am this morning. The party, which emerged as the single largest party in the Assembly, secured 104 seats in the 224-member House, just short of majority. It has to prove its strength on the floor of the House within 15 days.

Yeddyurappa took oath as CM
  • BS Yeddyurappa of Bharatiya Janata Party took oath as the Chief Minister of Karnataka.
  • This comes after the Supreme Court refused to stay state Governor Vajubhai Vala’s decision to invite BJP, which fell short of the majority mark, to form the government.
  • Yeddyurappa has been given 15 days to prove BJP’s majority.

India's 1st Solar Powered Railway Station in Guwahati

Guwahati now has India's first railway station run by solar power. The project of installing solar panels was commissioned in April 2017. Around 2352 solar modules with a capacity of generating 700 kwp has been set up over the roof of the Guwahati railway station.

Solar panels have been installed at the roof-top solar power plant. The solar-powered station is aimed at reducing carbon-footprint as well as cut down power costs drastically. The project cost is estimated to be Rs 6.7 crore, as per Indian Railways.

Delhi to become the most populous city

  • According to new United Nations estimates, Delhi is projected to become the most populous city in the world around 2028.
  • Tokyo is the world’s largest city with an agglomeration of 37 million inhabitants, followed by New Delhi with 29 million, Shanghai with 26 million.
  • The projected population size of New Delhi in 2028 is about 37.2 million, surpassing Tokyo’s 36.8 million.

Prabhu launched Intellectual Property mascot

Union Minister of Commerce and Industry Suresh Prabhu on May 16, 2018 launched the Intellectual Property (IP) mascot ‘IP Nani’. The mascot was launched during the conference on National Intellectual Property Rights Policy in New Delhi.

  • The mascot will spread awareness about the importance of Intellectual Property Rights(IPR) among people, especially children.
  • The character is also in line with World Intellectual Property Organization’s campaign for the World IP Day.

Seven objectives of National IPR Policy

  1. IPR Awareness: Outreach and Promotion - To create public awareness about the economic, social and cultural benefits of IPRs among all sections of society.
  2. Generation of IPRs - To stimulate the generation of IPRs.
  3. Legal and Legislative Framework - To have strong and effective IPR laws, which balance the interests of rights owners with larger public interest.
  4. Administration and Management - To modernize and strengthen service-oriented IPR administration.
  5. Commercialization of IPRs - Get value for IPRs through commercialisation.
  6. Enforcement and Adjudication - To strengthen the enforcement and adjudicatory mechanisms for combating IPR infringements.
  7. Human Capital Development - To strengthen and expand human resources, institutions and capacities for teaching, training, research and skill building in IPRs.

Government approved to set up AIIMS at Deoghar

  • The Centre has approved setting up of an All India Institute of Medical Sciences (AIIMS) at Deoghar in Jharkhand.
  • The institute will have residential complexes and allied facilities and services on the lines of AIIMS, New Delhi.
  • The AIIMS at Deoghar will have 20 speciality/super speciality departments, including 15 operation theatres.

Indore is the cleanest city in India

  • According to Swachh Survekshan 2018 survey, Indore has bagged the title of the cleanest city in India, followed by Bhopal & Chandigarh.
  • Indore was the cleanest city last year as well but that survey was conducted only for around 430 cities. This time it was conducted for around 4200 cities.
  • Jharkhand was adjudged the best-performing state in the survey followed by Maharashtra & Chhattisgarh.

INTERNATIONAL

V.K. Singh’s surprise visit to North Korea

  • Minister of State for External Affairs General V.K. Singh has become the first Indian minister to visit North Korea in 20 years.
  • The MoS highlighted the threat posed to India from nuclear proliferation.
  • India and North Korea also decided to explore possibilities of cooperation in areas of mutual interest including vocational education, agriculture, pharmaceuticals and Yoga.

MoU between India & Morocco in legal field

  • The Union Cabinet has given its ex-post facto approval for signing of the MoU for cooperation in the legal field between India and Morocco.
  • The MoU will allow both the countries to share their experience and expertise in the field of law and legislation.
  • The MoU will give an opportunity to the Lawyers, Law Officers and law students to discuss issues in the field of law and justice.

BUSINESS

Karnataka Bank to sell part of stake in insurance co

Karnataka Bank will sell 8.26 % stake in Universal Sompo General Insurance to Dabur Investment Corporation and Sompo Japan.

  1. This transaction is waiting for approval from Insurance Regulatory and Development Authority of India (IRDAI).
  2. After this transaction, Karnataka Bank’s stake in the general insurance company will reduce to 6 percent from the current 14.26 percent.
  3. Sompo Japan’s stake will increase to 34.61 percent from 28.42 percent and Dabur Investment Corporation’s stake will increase to 12.81 percent from 10.74 percent

SPORTS

Himanta Biswa Sarma elected as Vice-President of Badminton Asia Confederation

The President of Badminton Association of India (BAI), Himanta Biswa Sarma elected as the Vice-President of Badminton Asia Confederation (BAC). The election took place during the Annual General Meeting (AGM) of the continental body in Bangkok, Thailand.

LIFE

National Policy on Biofuels – 2018

  • The Union Cabinet has approved National Policy on Biofuels – 2018 recently.
  • The Policy categorises biofuels as
  1. "Basic Biofuels" as First Generation (1G) bioethanol & biodiesel
  2. "Advanced Biofuels"- Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels
  3. Third Generation (3G) biofuels, bio-CNG etc.
  • It is to enable extension of appropriate financial and fiscal incentives under each category.
  • The Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
  • One of the expected benefits is that the Used Cooking Oil can be used as potential feedstock for biodiesel and its use for making biodiesel will prevent diversion of used cooking oil in the food industry.
  • In order to promote biofuels in the country, a National Policy on Biofuels was made by Ministry of New and Renewable Energy during the year 2009.

Microhyla kodial

  • M.kodial is the latest addition to India’s frog fauna.
  • It is also known as the Mangaluru narrow-mouthed frog.
  • It is christened as Microhyla kodial after the city of Mangaluru (called kodial in the Konkani language).
Microhyla kodial
  • The frog is seen only in a small industrial region, a former timber dumping yard.
  •  It is surrounded by seaport, petrochemical, chemical and refinery industries.
  • The yard is bounded by the rail line of the Mangalore Refinery and Petrochemicals Limited on one side and the busy National Highway 66 on another.
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Source:Indian Express, Bussiness Standard,BusinessToday, TOI,NDTV,BusinessLine, Economictimes, The Hindu, PIB

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