Exam View: 10 May 2018 Current Affairs- Download PDF

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Current Affair of 10 May 2018. Read Important Current Affairs for UPSC/SSC/Bank and other state exam

Current Affair 10 May 2018

NATIONAL

India launches biggest city gas distribution auction

India launched auction for 9th city gas distribution (CGD) licensing round offering permits for selling compressed and piped natural gas (CNG and PNG).
ii. This auction is being considered as the biggest so far as it will offer permits for CGD in 86 geographical areas.
Awards from the 9th CGD licensing round would help bring gas coverage to 174 districts in 22 states and Union Territories, covering 29 per cent of the country’s area and 24 per cent of the population
According to the Petroleum and Natural Gas Regulatory Board (PNGRB), which organised a roadshow here to promote the auction, the ninth bid round is expected to attract investment of Rs 70,000 crore.

This is the biggest step so far in CGD expansion, towards raising the gas share in the country’s energy mix from 6.2 per cent to 15 per cent in a few years

Act: President clears Delhi govt’s amendment in Minimum Wages Act

President Ram Nath Kovind has given his assent to the Delhi government’s proposed Bill to amend the Minimum Wages Act under which employers violating labour rules in the city will now face fine ranging from Rs 20,000-50,000 and jail term between one to three years.

  1. For an unskilled worker, the minimum wages is Rs 13,350 per month while for semi-skilled, it is Rs 14,698. The minimum wages for skilled persons is Rs 16,182 in the national capital.
  2. As per the amended act, employers violating labour rules in Delhi will now face fine ranging from Rs 20000-50000 and jail term between one to three years.

Modi among the top 10 most powerful people

Modi

Prime Minister Narendra Modi has been ranked ninth on Forbes’ 2018 list of ‘the world’s most powerful people’. Chinese President Xi Jinping ranked first, followed by Russian President Vladimir Putin and US President Donald Trump at the second and third rank, respectively.

INTERNATIONAL

Trump announces US withdrawal from Iran nuclear deal

US President Donald Trump scrapped the Iran nuclear deal signed by his predecessor Barack Obama and re-imposed sanctions on Teheran, saying the agreement had not prevented it from its quest for nuclear weapons.

Donald Trump

  1. After years of tension over Iran’s alleged efforts to develop a nuclear weapon, in 2015, Iran agreed a long-term deal with the US, UK, France, China, Russia and Germany.
  2. As per the deal, Iran agreed to limit its sensitive nuclear activities if the economic sanctions imposed on it were lifted
  3. US President Donald Trump withdrew from this deal and re-imposed sanctions on Iran, saying that it was a poorly negotiated deal by his predecessor Barack Obama-led administration and the agreement had not prevented Iran from its quest for nuclear weapons.
  4. However, Trump has also stated that he is ready, willing and able to renegotiate a nuclear deal that would definitively end Iran’s pursuit of nuclear weapons
BUSINESS

Walmart Buys Flipkart in World’s Largest e-Commerce Deal

Walmart Inc confirmed that, it has signed definitive agreements to become the largest shareholder in Flipkart Group. Subject to regulatory approval in India, Walmart will pay about $16 billion for an initial stake of approximately 77 per cent in Flipkart.

Walmart Flipkart Deal

The acquisition, which is the largest e-commerce deal in the world, will value the homegrown startup at a reported amount of $20.8 billion.
Founded in 2007, Flipkart has led India’s eCommerce revolution. The company has grown rapidly and earned customer trust, leveraging a powerful technology foundation, including artificial intelligence, and emerging as a leader in electronics, large appliances, mobile and fashion and apparel.

SCIENCE and Technology

Google officially launches Things, its IoT platform

Android Things devices will receive three years of updates directly from Google.

IoT platform

Google announced Android Things back in 2016 and now after eight different developer previews, the closed source OS for connected devices has finally reached version 1.0.
Google’s version of Android for IoT devices aims to solve a problem that affects most of the current IoT devices on the market, developers routinely fail to update their devices. With Android Things, each connected device that uses the platform will receive three years of OS updates directly from Google and all of these updates will be free.
Automatic updates are enabled by default on the OS and these will be sent to Android Things devices together with monthly security updates and the occasional major OS update. Once the three years of updates has run its course, Google will offer additional options for extended support.
To ensure that all Android Things devices can be updated easily, Google will only support certain pieces of hardware. System-on-Modules (SoMs) based on the NXP I.MX8M, Qualcomm SDA212, Qualcomm SDA624 and MediaTek MT8516 will all be supported by the company with the 1.0 launch.

New sheep insemination technique developed

  • Scientists at the Central Sheep and Wool Research Institute (CSWRI), have come up with a new laparoscope-assisted insemination technique for sheep.
  • The minor invasive laparoscopic technique involves passing a rigid fiber-optic laparoscope into the abdomen through a small incision.
  • Scientists said the new technique would help achieve up to 60% survival in the birth of lambs.
SPORTS

Nisha Bhalla conferred with ‘WEF 2018’ award

Nisha Bhalla, a 46-year-old holistic coach and consultant from Mumbai was felicitated at the recently concluded Annual Women Economic Forum 2018 Awards,

  1. The event was held at Vivanta by Taj, Dwarka in Delhi from April 26 to May 1.
  2. Nisha was presented the ‘Excellent Woman of Excellence’ award for her spiritual service at the event.
  3. Women Economic Forum is the largest global gathering of women entrepreneurs and leaders worldwide.
LIFE

Rariphotic Zone off the coast of Bermuda

  • Oxford scientists have discovered an ocean zone off the coast of Bermuda with over 100 species new to science.
  • The Rariphotic Zone (rare light zone) extends from 130 meters to 300 meters in depth.
  • The zone joins five other areas which have distinct biological communities living and growing within them.

Rariphotic Zone off the coast of Bermuda

  • Tanaids – minute crustaceans – dozens of new algae species and black wire coral that stand up to two meters high are some of the new species found.
  • The team has also discovered a major algal forest on the summit of an underwater mountain 24 km off the coast of Bermuda.
  • There are over 100,000 underwater mountains in seas across the globe yet less than 50 have been biologically sampled in detail

AI for Accessibility

  • Microsoft is launching a $25 million initiative to use artificial intelligence to build better technology for people with disabilities.
  • The Artificial Intelligence for accessibility initiative will include seed grants for startups, nonprofit organizations and academic researchers.
  • Deeper investments and expertise from Microsoft researchers will also be provided.
  • Microsoft has experimented with accessibility tools, such as a “Seeing AI” Smartphone app using computer vision and narration to help people navigate if they’re blind or have low vision.
  • Microsoft’s translation tool also provides deaf users with real-time captioning of conversations.

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