We are here for you to provide the important current affairs February 3 2018 which have unique updates of all daily events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, India Today, Indian Express, Business Standard, all Government official websites. Our complete current affairs helps you to get more marks in Banking, insurance, UPSC, SSC, CLAT, Railway and all other competitive Exams.
Maharashtra launches four schemes in agriculture and allied sectors
On February 2, 2018, Maharashtra State Government launched four schemes aimed at promoting entrepreneurship in agriculture and allied sectors among the economically backward segments of the state.
Overview of Four Schemes:
i. One of the scheme is about extending loan along with interest subsidy while second scheme is for promoting group farming.
ii. Third scheme is for group projects related to agro-industries and small and medium scale entrepreneurs while fourth scheme relates to skill development training in agriculture under which, training will be imparted to 2.5 lakh youths across rural Maharashtra.
iii. Beneficiaries of all the above stated schemes would be in 18 – 41 years age group.
iv. Annasaheb Patil Arthik Backward Development Corporation (APABDC) will be the nodal entity for implementation of these four schemes.
Quick Facts about Maharashtra:
♦ Capital – Mumbai (summer), Nagpur (winter)
♦ Current Governor – C. Vidyasagar Rao
♦ Current Chief Minister – Devendra Fadnavis
♦ Important National Park – Sanjay Gandhi National Park
PM Modi inaugurates Assam – Global Investors Summit 2018
On February 3, 2018, Prime Minister Narendra Modi inaugurated Global Investors Summit 2018 – ‘Advantage Assam’ in Guwahati.More Information about Global Investors Summit 2018:
i. The two-day Global Investor Summit 2018, aims to showcase manufacturing opportunities in Assam and related geostrategic advantages to foreign and domestic investors. The Summit is expected to position Assam as India’s Expressway to Association of Southeast Asian Nations (ASEAN) countries.
ii. Besides, the Summit will also highlight Assam’s core competencies in different sectors viz. agriculture and food processing, bamboo, organic farming, handloom, textile and handicrafts.
iii. It has been organised by the Assam State Government in association with Federation of Indian Chambers of Commerce and Industry (FICCI).
iv. Over 4500 delegates including representatives from 16 countries will attend this two-day event.
v. Several Union ministers including Nitin Gadkari and Suresh Prabhu and industrialists including Mukesh Ambani and Ratan Tata will attend the Global Investors Summit 2018.
Government to launch Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM) scheme
On February 2, 2018, Power and Renewable Energy Minister, R K Singh stated that, government will implement a Rs 140000-crore Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM) scheme as announced in Union Budget 2018.
Salient Features of Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM):
i. KUSUM is aimed at promoting use of solar energy for pumps and encourage use of barren land for setting up decentralised solar power plants.
ii. This scheme will not only lead to increase in farmers’ income by giving them option to sell additional power to the grid but will also reduce their dependence on diesel pumps.
iii. The scheme envisages setting up 10000-mw solar plants on barren lands and incentivising discoms to buy the produced electricity, solarising existing pumps of 7250-mw and government tube wells of 8250-mw capacity and distributing 17.5 lakh solar pumps.
iv. A central financial assistance of Rs. 48000 crore (in phased manner) has been announced for this project in Union Budget 2018. The balance will be raised by the states.
v. However, for solar pumps, farmers will have to bear 10% upfront costs.
India’s largest Floating Treatment Wetland (FTW) launched in Hyderabad’s Neknampur Lake
On 2nd February 2018, the Floating Treatment Wetland (FTW) on Neknampur Lake was inaugurated in Hyderabad.India’s largest Floating Treatment Wetland (FTW) in Hyderabad’s Neknampur Lake:
i. The Floating Treatment Wetland (FTW) on Neknampur Lake was inaugurated on World Wetlands Day (February 2). The size of the FTW is 3,000 sq. ft.
ii. It has been formed by the joint efforts of Dhruvansh, the Hyderabad Metropolitan Development Authority, the Ranga Reddy district administration and other organisations.
iii .It has been named the largest FTW in India by the India Book of Records. It has been developed based on soil-less hydroponics technique.
iv .The FTW is planted with cleaning agents like vetivers, canna, cattalis, bulrush, citronella, hibiscus, fountain grass, flowering herbs, tulsi and ashvagandha.
v. These plants absorb excess nitrates and oxygen present in the water and reduce the content of these chemicals. It is said that, this method is very cheap compared to sewage treatment plants.
About Hyderabad Metropolitan Development Authority (HMDA):
♦ Headquarters – Hyderabad, Telangana
♦ Metropolitan Commissioner – T. Chiranjeevulu
Assam Government signs MoU with NBCC for construction of Twin Tower Trade Centre in Guwahati
Assam State Government has signed a memorandum of understanding (MoU) with National Building Construction Corporation (NBCC) for setting up a twin tower trade centre in Guwahati.
More Information about Twin Tower Trade Centre in Guwahati:
i. Estimated cost of construction of Twin Tower Trade Centre is Rs. 1950 crore.
ii. Construction will commence in July 2018 and will be completed within a period of 60 months.
iii. Green technologies will be used in various phases of construction. The building design & structure would reflect rich natural heritage and culture of Assam.
Quick Facts about Assam:
♦ Capital – Dispur
♦ Current Governor – Jagdish Mukhi
♦ Current Chief Minister – Sarbananda Sonowal
♦ Important National Park – Kaziranga National Park
Uttar Pradesh gets its first butterfly park in Kanpur
On February 3, 2018, Uttar Pradesh State Government inaugurated state’s first ever butterfly park in Kanpur.More Information about Butterfly Park in Kanpur:
i. Estimated cost for constructing this butterfly park is Rs. 1 crore.
ii. In order to attract butterflies, 100 species of flowers have been planted in the park. So far, more than 50 species of butterflies have already been spotted in this park.
iii. The Butterfly Park in Kanpur will open for public by March 2018.
iv. Butterfly parks are pollution-free spaces which do not have chemicals/pesticides and play an important role in conserving endangered butterfly species.
Quick Facts about Uttar Pradesh:
♦ Capital – Lucknow
♦ Current Governor – Ram Naik
♦ Current Chief Minister – Yogi Adityanath
♦ Important National Park – Dudhwa National Park
UK allows doctors to create three-parent babies through mitochondrial donation
UK has permitted doctors to create three-parent babies through mitochondrial donation, in a move to prevent passing of incurable genetic diseases from mothers to babies.
UK allows doctors to create three-parent babies:
i. The Human Fertilisation and Embryology Authority (HFEA) has permitted to apply the procedures to two women in Newcastle, England.
ii. This will utilize mitochondrial donation therapy for those women, who are sure that their children would inherit a neurodegenerative disorder.
iii. Mitochondrial DNA will be obtained from a donor “mother”. So that, the genetic conditions will not be passed on to the baby from the original mother.
iv. This will be the first three-parent baby in the UK. The procedures will be supervised by Mary Herbert, professor of reproductive biology.
About Human Fertilisation and Embryology Authority (HFEA):
♦ Works under – Department of Health in the United Kingdom
♦ Purpose – regulates and inspects all clinics in the United Kingdom providing in vitro fertilisation (IVF), artificial insemination and the storage of human eggs, sperm or embryos
New Manchester-India Partnership launched in UK
New Manchester-India Partnership (MIP) aimed at connecting Indian companies with Northern regions of England was launched in London, UK on February 1, 2018. Manchester is referred to as the Northern Powerhouse in Britain.About New Manchester-India Partnership:
i. This partnership is aimed at advancing trade, investment, science and innovation ties between India and Britain.
ii. MIP was launched by Jim O’Neill, the economist who coined the phrase BRICS.
iii. It is a public-private initiative between India and Manchester and is supported by the Confederation of Indian Industry (CII).
iv. In order to carry out work related with the partnership, teams comprising permanent full time members will be stationed in Manchester, Delhi and Bengaluru.
v. Several Indian companies including Tata, HCL Technologies, Tech Mahindra, ICICI, Union Bank, Air India and Hero Cycles represented India at a walkthrough exhibition held during the launch of MIP.
China, UNDP Pak sign $4mn assistance agreement for Fata, Balochistan
Government of China, United Nations Development Programme (UNDP) and Government of Pakistan have signed a USD 4 million agreement to provide assistance to help the people of Fata and Balochistan region in Pakistan.
i .In recent times, several reports have emerged highlighting growing atrocities of Pakistan Government on the indigenous people of Balochistan and deteriorating human rights situation as a result of the China-Pakistan Economic Corridor (CPEC).
ii .$4 mn assistance procured through China-UNDP-Pakistan agreement will be used to support the people in these regions by restoring their livelihood and helping them in rebuilding their lives.
iii. The assistance will be provided over a period of four months.
Quick Facts about UNDP:
♦ Founded in – 1965
♦ Headquarters – New York City, US
♦ Current Head – Achim Steiner
BANKING & FINANCE
IWAI inks pact with the World Bank for Jal Marg Proj on Ganga
On February 2, 2018, Inland Waterways Authority of India (IWAI) signed a project agreement with World Bank for Jal Marg Vikas Project (JMVP), aimed at enhancing navigation on National Waterway-1 (NW-1) from Varanasi to Haldia.Details about IWAI-World Bank Pact:
i. Along with a project agreement with IWAI, the World Bank also entered into a USD 375 million loan agreement for JMVP with the Department of Economic Affairs, Union Ministry of Finance.
ii. Post completion (by March 2023), JMVP will enable commercial navigation of vessels with the capacity of 1500-2000 tonne on NW-I. Union Cabinet has already approved raising USD 800 million for implementation of this project.
iii. Out of USD 800 million, USD 375 million will be raised through above stated loan agreement between World Bank and Department of Economic Affairs. Remaining USD 380 million will come in the form of budgetary allocation from Central Government and proceeds from the bond issue.
iv. Another USD 45 million will be raised from private sector participation under the public-private partnership (PPP) mode.
Quick facts about Inland Waterways Authority of India (IWAI):
♦ IWAI is a statutory body responsible for regulating, developing and maintaining infrastructure for inland waterways in India.
♦ Formation Year: 1986
♦ Head Office: Noida, Uttar Pradesh
♦ Current Chairman: Nutan Guha-Biswas
♦ Receives grant from: Ministry of Shipping, Road Transport and Highways
India’s annual financial allocation to Nepal doubled by Rs. 650 crore
Under the Union Budget 2018, India’s annual financial allocation to Nepal (through Union Ministry of External Affairs) for 2018-19 has nearly doubled to Rs. 650 crore.
Union Budget 2018 allocation for Ministry of External Affairs:
i. Every year, Union Budget allocates a specific amount to Ministry of External Affairs for India’s ‘development and diplomatic engagement’.
ii .In Union Budget 2018, External Affairs Ministry has been allocated a total Rs. 15011 crore. This marks a marginal increase of Rs. 1321 crore as compared to previous year’s allocation.
iii. This year’s allocation to Nepal (Rs. 650 crore) is the third consecutive and the largest increase. In 2016-17, Nepal received Rs. 332.72 crore and for 2017-18 it received Rs. 375 crore.
iv. With Rs. 2650 crore, Bhutan continues to be largest recipient of External Affairs Ministry’s allocation.
CRISIL, SIDBI Launch India’s First MSE Sentiment Index
On February 3, 2018, Union Minister for Finance and Corporate Affairs, Arun Jaitley launched CriSidEx , India’s first sentiment index for micro and small enterprises ( MSEs).About CriSidEx:
i. This index has been developed jointly by CRISIL & Small Industries Development Bank of India (SIDBI).
ii. It is based on 8 parameters and measures MSE business sentiment on a scale of 0 to 200, wherein 0 is ‘extremely negative’ while 200 is ‘extremely positive’.
iii. By closely following the index readings, one can get a heads-up about potential challenges in future and changes in production cycle of the entire sector.
iv. First reading of CriSidEx, based on survey covering 1100 MSEs during November-December 2017, stood at 107, indicating mildly positive sentiment.
v. Out of the 1100 MSEs covered in the survey, 550 were manufacturing units and the other 550 were services units.
India’s first defence industrial corridor will connect Chennai and Bengaluru
Defence minister Nirmala Sitharaman has announced that, out of the two defence industrial production corridors that was mentioned in the Union Budget 2018, the first defence industrial corridor will link Chennai and Bengaluru.
India’s first defence industrial corridor to connect Chennai and Bengaluru:
i. Finance Minister Arun Jaitley said that, two defence industrial production corridors will be developed by the government, when he presented the Union Budget 2018.
ii. The first defence industrial corridor will link Chennai and Bengaluru and it will pass through Coimbatore and various other industrial regions.
iii. Nirmala Sitharaman said that, announcement regarding the second defence industrial corridor will be made soon.
iv. Arun Jaitley said that, an industry-friendly military production policy will be developed to promote the domestic defence industry.
About Dedicated Freight Corridor Corporation of India Limited (DFCCIL):
♦ Headquarters – New Delhi
♦ MD – Anshuman Sharma
AWARDS & RECOGNITIONS
Malaysian chef wins International Young Chef Olympiad 2018
On 2nd February 2018, Malaysia’s Lai Jia Yi won the 4th edition of International Young Chef Olympiad (YCO) in Kolkata.
International Young Chef Olympiad (YCO) 2018:
i. Indian student chef Surya Sekhar Roy Choudhury secured the second position. Lai Jia Yi was awarded the YCO 2018 Trophy along with a cash prize of USD 10,000.
ii. The trophy and cash prize were presented by Chefs Sanjeev Kapoor, David Foskett, and founder and chief mentor of IndiSmart Group and IIHM – Suborno Bose.
iii. Sanjeev Kapoor was the principal judge of the YCO 2018. Kevin McCafferty from Scotland and Henry Lee from Hong Kong both won the third position.
iv. This event was executed by the International Institute of Hotel Management (IIHM). It was held in Delhi, Bengaluru, Pune and Kolkata for 6 days. Chefs from 43 countries took part in the contest.
About International Institute of Hotel Management (IIHM):
♦ Founded – 1994
♦ Type – a chain of hospitality and hotel management schools
APPOINTMENTS & RESIGNS
B A Chopade appointed BHU vice-chancellor
B A Chopade has been appointed as the vice-chancellor of Banaras Hindu University (BHU) by the Human Resource Development (HRD) Ministry.B A Chopade – BHU vice-chancellor:
i. B A Chopade is currently the vice-chancellor of Babasaheb Ambedkar Marathwada University. BHU Registrar Neeraj Tripathi had been holding the additional charge of BHU vice-chancellor since October 2017.
ii. Previous BHU vice-chencellor Girish Chandra Tripathi left on leave two months before his term ended. This created chaos in BHU campus in September 2017.
About Banaras Hindu University (BHU):
♦ Location – Varanasi, Uttar Pradesh
♦ Established – 1916
N Chandrasekaran headed Task force to study AI application in military
On 3rd February 2018, the Department of Defence Production formed a task force lead by N Chandrasekaran to study the use of Artificial Intelligence (AI) in national security perspective.
Task force to study AI application in military:
i. N Chandarsekaran is the chairman of Tata Sons. The task force consists of 17 members.
ii. National Cyber Security Coordinator Gulshan Rai, representatives from Indian Army, Indian Navy and Indian Airforce, chairman and managing director of Bharat Electronics Ltd, representatives from Indian Space Research Organisation (ISRO), Atomic Energy Commission and defence ministry are a part of the task force.
iii. Also, it comprises of representatives from Indian Institute of Science-Bengaluru, and Indian Institute of Technology (IIT) Mumbai and IIT Chennai.
About Atomic Energy Commission of India:
♦ Chairman – Sekhar Basu
♦ Headquarters – Mumbai
SCIENCE & TECHNOLOGY
China launches electromagnetic satellite to study earthquake precursors
On 2nd February 2018, China successfully launched ‘Zhangheng 1’, its first seismo-electromagnetic satellite to study seismic precursors.China launches its first seismo-electromagnetic satellite:
i. A Long March-2D rocket was launched from Jiuquan Satellite Launch Centre in Gobi Desert. It carried the China Seismo- Electromagnetic Satellite (CSES) of 730 kg into a sun-synchronous orbit at a height of 500 km.
ii. Zhangheng 1 will let scientists monitor the electromagnetic field, ionospheric plasma and high-energy particles for five years.
iii. It is named Zhang Heng after a scholar of the East Han Dynasty, who initiated earthquake studies and invented the first seismoscope.
iv. Zhangheng 1 will record electromagnetic data of earthquakes above 6 magnitude in China and earthquakes more than 7 magnitude throughout the world.
About China National Space Administration (CNSA):
♦ Headquarters – Haidian District, Beijing
♦ Primary spaceport – Jiuquan Satellite Launch Center
♦ Administrator – Tang Dengjie
India won U-19 Cricket World Cup
On 3rd February 2018, India won the U-19 Cricket World Cup at the Bay Oval, Mount Maunganui, in New Zealand.India won U-19 Cricket World Cup:
i. India defeated Australia in the final by eight wickets. The team was led by Prithvi Shaw. Man of the Match was conferred on Manjot Kalra.
ii. This is the fourth U-19 World Cup title for India. Earlier India had won the U19 World Cup in 2000, 2008 and 2012.
About International Cricket Council (ICC):
♦ Chairman – Shashank Manohar
♦ President – Zaheer Abbas
♦ CEO – David Richardson
♦ Headquarters – Dubai, United Arab Emirates
Veteran Actor Louis Zorich passes away
On 30th January 2018, actor Louis Zorich passed away at his residence in New York City, US. Death of Louis Zorich:
i. Louis Zorich was 93 years old. He was well-known for the TV show show “Mad About You”.
ii. He has acted in movies like Coogan’s Bluff, Popi, Cold Turkey, Fiddler on the Roof, The Muppets Take Manhattan, and Dirty Rotten Scoundrels. He was nominated for Tony award in 1969.
About Tony Award:
♦ Presented by – American Theatre Wing and The Broadway League
♦ Awarded for – Excellence in Broadway theatre
♦ Country – United States