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Current Affairs December 31st 2018

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Current Affairs December 31st 2018

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Current Affairs is a type of broadcast journalism where the emphasis is on detailed analysis and discussion of news stories that have recently occurred or ongoing at the time of broadcast. The article Current Affairs December 31st 2018 includes News summary on current events of International, National, Banking, Sports Awards, Appointments, Books, Obituary and Quiz importance of December 31st 2018.

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US judge dismisses face recognition tech suit against Google

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Key Highlights:

  • A US judge dismissed a 2016 lawsuit which alleged Google violated Illinois state law by using Facial recognition technology through Google Photos to collect users' biometric data without their permission.

  • The judge supported the dismissal citing a lack of "concrete injuries".

  • Illinois state law requires companies to obtain explicit permission from people to make biometric scans of their bodies.
Fintech startup creates tool, claims it can stop bank frauds

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Key Highlights:

  • Kolkata-based startup Globsyn 3rd. Life has created a tool, which the startup claims can stop financial frauds.

  • The tool, Notiva Prime, acts as a link between Domestic banking software and global messaging system SWIFT used by financial institutions to securely transmit instructions in code language.

  • The tool checks all messages for inconsistencies and alerts banks in real-time.

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Overview Of Bhutan PM Dr. Lotay Tshering’s 3-Day Visit To India

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Key Highlights:

  • Prime Minister of Bhutan, His Excellency Lyonchhen Dr. Lotay Tshering concluded his 3-day visit to India. His visit commenced from December 27, 2018.

  • This was also the Golden Jubilee year of the establishment of formal diplomatic relations between India and Bhutan.

  • Government of India’s development assistance package for Bhutan’s 12th Five Year Plan for the period 1 November 2018 to 31 October 2023.
Proposals of several states approved for implementation of Mahila Police Volunteer Scheme

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Key Highlights:

  • The Ministry of Women and Child Development in collaboration with the Ministry of Home Affairs has approved the proposals of Andhra Pradesh, Gujarat, Mizoram, Chhattisgarh, Karnataka and Madhya Pradesh for implementation of Mahila Police Volunteer Scheme (MPVs).

  • The scheme envisages the engagement of Mahila Police Volunteers (MPVs) as a link between police and community and help women in distress with one MPV engaged per Gram Panchayat across the country.

  • Under the scheme, the Mahila Police volunteer is required to mobilize community to form Mahila and Shishu Rakshak Dals (MASRD) to act as community watch groups.

  • The MPV would be given a monthly honorarium of Rs 1,000.

  • The first state to adopt the initiative was Haryana in which the scheme was started at Karnal and Mahindergarh District on a pilot basis under Nirbhaya Fund during the financial year 2016-2017.

  • The MPV are selected through a laid out procedure from among the empowered, responsible, socially aware women who will facilitate police outreach on gender concerns and the guidelines for operationalizing of MPVs were finalized in consultation with Bureau of Police Research and Development (BPR&D).
Overview Of Prime Minister Narendra Modi’s One Day Long Visit To Varanasi & Ghazipur In UP

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Key Highlights:

  • Prime Minister Narendra Modi visited Varanasi and Ghazipur in Uttar Pradesh for one day.

  • He Released a commemorative postage stamp on Rajbhar community icon Maharaja Suheldev. He also laid the foundation stone of a Medical College in Ghazipur.

  • He dedicated the 6th International Rice Research Institute (IRRI) South Asia Regional Centre campus in Varanasi to the nation. He also announced the System for Authority and Management of Pension (SAMPANN) software which is developed to ease the problems of pensioners.
Railways to let brands advertise in lieu of goods, services

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Key Highlights:

  • A senior official said The Railways has devised a first-of-its-kind policy to allow companies to advertise on trains in exchange for their goods and services for passengers.

  • Items like soaps, dispensers and bedrolls can be offered by companies. "Lakhs of passengers travel by train [every day].
Modi govt’s only agenda is to defame one family: Sharad Yadav

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Key Highlights:

  • Opposition leader Sharad Yadav on Sunday said PM Narendra Modi-led government's only agenda was to defame one family.

  • He added that the BJP government is portraying that the country made no progress after independence.

  • Remark came after the ED told a Delhi court hearing the Agusta West land VVIP chopper case that middleman Christian Michel was misusing legal access.

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Provision coverage ratio of PSU banks on the rise, crosses 66%

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Key Highlights:

  • The financial Services Secretary, Rajiv Kumar said that the Provision Coverage Ratio (PCR) of Public sector bank has gone up from 46.04 per cent as of March 2015 to 66.85 per cent as of September 2018, reflecting improvement in their financial health.

  • The provision coverage ratio (PCR) gives an indication of the provision made against bad loans from the profit generated. Higher the PCR, lower is the unexposed part of the bad debts.

  • He also said that Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined by Rs 23,860 crore in the first half of the current financial year from a peak of Rs 9.62 lakh crore in March 2018.

  • The consistent rise in PCR also indicates the adoption of discipline for making adequate provisions for NPAs besides giving banks cushion to absorb losses.

  • The decrease in PCR has been achieved while being compliant with capital requirement norms.
Government to infuse Rs 10,086 crore in Bank of India

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Key Highlights:

  • The state-owned Bank of India said that the government has decided to infuse Rs 10,086 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen public sector lenders.

  • The capital infusion in the Bank of India’s equity will be done by way of preferential allotment of shares.

  • The government has decided to pump Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds in order to enhance the lending capacity of PSBs and help them come out of the Reserve Bank of India’s Prompt Corrective Action (PCA) framework.

  • Currently there are 11 PSBs under the Prompt Corrective Action (PCA) framework that restricts them from lending to high credit risk categories, in turn preventing the growth of their loan books.

  • Earlier the government had announced an infusion of Rs 65,000 crore in PSBs in 2018-19, of which Rs 23,000 crore has already been disbursed, while Rs 42,000 crore is remaining.

  • Besides this the government would put an additional Rs 41,000 crore in PSBs over and above what was announced earlier and on December 20, the government sought Parliament’s approval for infusion of an additional Rs 41,000 crore.
Banks recovered Rs 40,400 crore from defaulters in 2017-18; IBC and SARFAESI Act had positive effects: RBI report

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Key Highlights:

  • According to RBI report titled ‘Report on Trend and Progress of Banking in India 2017-18’, banks have recovered stressed assets helped by the Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act.

  • In the fiscal ended March 2018, banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered in FY17.

  • The recovery was possible through various channels of Insolvency and Bankruptcy Code (IBC), SARFAESI Act, debt recovery tribunals (DRTs) and Lok Adalats.

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Man City thrash Southampton 3-1 after back-to-back defeats

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Key Highlights:

  • Manchester City thrashed Southampton 3-1 to return to winning ways after having endured back-to-back defeats before this match.

  • Chelsea also registered a win after beating Crystal Palace 1-0 on Sunday. With the win, Manchester City have climbed back to the second place in the EPL table, with Liverpool seven points ahead of them.
Ashwin praises Jasprit Bumrah, calls him ‘Malcolm M’

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Key Highlights:

  • After Indian pacer Jasprit Bumrah was named Man of the Match in the Melbourne Test for taking nine wickets, off-spinner Ravichandran Ashwin termed him as "our very own Malcolm M".

  • "Not an easy place to come and win every test win here needs to be cherished like there is no tomorrow," tweeted Ashwin. Notably, India defeated Australia by 137 runs.

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Indian-American teenager Mahum Siddiqi wins Cornell University hackathon

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Key Highlights:

  • A 17-year old Indian-American teenager, Mahum Siddiqi has won the inaugural “Digital Transformation Hackathon” at Cornell University, New York (USA) for designing a device which can detect the actual level of pain of a patient during a diagnosis.

  • The Device uses the neurological activity occurring in one’s brain to help doctors determine the patient’s pain level effectively and efficiently.

  • Mahum Siddiqi, a class 12 student at Vestal High School is the only non-graduate student competing at the hackathon.
Keonjhar Police honours 10 Ashok Chakra recipients with postage stamps

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Key Highlights:

  • The Keonjhar Police, Odisha, in collaboration with India Post has issued 10 postage stamps, each featuring the Ashok Chakra Awardees from Police Department (State Police and Central police) across the country, under the “My Stamp” scheme.

  • The stamps which are of Rs 5.00 denomination and have the background picture of Sun Temple, Konark, recognizes the acts of valour by khaki-clad personnel.

  • “Ashok Chakra”, which is India’s highest peacetime gallantry medal with 84 awardees till date is equivalent to “Param-Veer Chakra“.

  • Most of the “Ashok Chakra” medallists are defence personnel and few civilian. Out of this, only 10 are police personnel.
Swachh Surveksahan 2018 award for Best Capital city in the Solid Waste Management given to GHMC

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Key Highlights:

  • Swachh Surveksahan 2018 award for Best Capital City in the Solid Waste Management was conferred to Greater Hyderabad Municipal Corporation (GHMC).

  • It also ranked 27th in the list of 4041 cities in the Swachh Surveksahan Rankings.

  • This edition of the survey was conducted by a third-party agency, Karvy Group appointed by MoHUA.

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Y.K. Sailas Thangal concurrently accredited as the next Ambassador of India to the Republic of Liberia

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Key Highlights:

  • Ministry of External Affairs (MEA), Government of India announced that Mr. Y.K. Sailas Thangal who is the ambassador of the India to the Republic of Cote d’ Ivoire has been concurrently accredited as the next Ambassador of India to the Republic of Liberia with residence in Abidjan.

  • Y. K. Thangal, IFS Officer of 1996 batch was appointed as the Ambassador of India to Republic of Cote d’ Ivoire on 14th September 2018.

  • India is represented in Liberia through its embassy in Abidjan (Ivory Coast) and an active honorary consulate in Capital of Liberia, Monrovia since 1984.
Sheikh Hasina secures third straight term as Bangladesh PM

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Key Highlights:

  • The country's Election Commission said Bangladesh PM Sheikh Hasina has secured her third consecutive term, with her alliance winning 287 of the 298 seats for which results have been declared for the 300-strong parliament.

  • The main opposition Bangladesh Nationalist Party, which boycotted the 2014 poll, has won just six seats in the general election held on 30th December 2018.

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Centre brings booklet on cyber safety for school children titled “A Handbook for Students on cyber Safety”

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Key Highlights:

  • The Ministry of Home Affairs, Government of India has released a booklet titled “A Handbook for Students on cyber Safety” to inform the school children about the different aspects of cyber safety.

  • The booklet aims to create awareness among citizens especially students about cyber threats and provides details about the various safeguards that can be adopted by the children in order to protect themselves from cyber grooming.

  • The booklet also deals with the problem of cyber bullying, identity theft, cyber grooming, email fraud & job fraud and guides the citizens about the various safeguards to avoid such threats.
“Early Indians: The Story of Our Ancestors and Where We Came From” written by Tony Joseph, was released

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Key Highlights:

  • The book titled “Early Indians: The Story of Our Ancestors and Where We Came From” written by Tony Joseph, was released.

  • It talks about the migration of the First Indians also known as ‘Aryans’ who arrived here 65,000 years ago.

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Contemporary of Satyajit Ray and legendary filmmaker and Phalke awardee, Mrinal Sen, passed away at 95

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Key Highlights:

  • Legendary filmmaker and Phalke awardee, Mrinal Sen, passed away at 95 in Kolkata.

  • He was a National Award-winning director and recipient of Padma Bhusan award.

  • He has also been conferred with Dadasaheb Phalke Award in 2003.

  • He was a contemporary to famous directors like Satyajit Ray and Ritwik Ghatak.

  • Mrinal Sen made his first feature film, Raat Bhore, in 1955.

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Q1. Three islands belonging to which union territory have been renamed after legendary freedom fighter Netaji Subhas Chandra Bose?
    A. Andaman and Nicobar Islands B. Lakshadweep C. Daman and Diu D. Dadra and Nagar Haveli Answer: A

Q2. The loan subsidy for the middle-income group under PMAY has been extended till when?
    A. March 2019 B. September 2019 C. January 2020 D. March 2020 Answer: D

Q3. The Table Tennis Federation of India has revoked the suspension of which former national champion?
    A. Soumyajit Ghosh B. Sharath Kamal C. Mouma Das D. Anthony Arputaraj Answer: A

Q4. Which legendary filmmaker, known primarily for paving the way for the birth of parallel cinema in India passed away on December 30, 2018?
    A. Ritwick Ghatak B. Bimal Roy C. Mrinal Sen D. Tapan Sinha Answer: C

Q5. Which party emerged victorious in the Bangladesh national elections 2018?
    A. Bangladesh Nationalist Party B. Bangladesh Awami League C. The Gano Forum D. The Communist Party Answer: B

Q6. Who was named Balkan athlete of the year 2018?
    A. Luka Modric B. Novak Djokovic C. Lionel Messi D. Roger Federer Answer: A

Q7. India submitted the Second Biennial Update Report to which UN body?
    A. UNHRC B. ECOSOC C. UNSC D. UNFCCC Answer: D

Q8. Which Indian cricketer was named the captain of the ICC women’s T20I team of the year?
    A. Mithali Raj B. Harmanpreet Kaur C. Poonam Yadav D. Smriti Mandhana Answer: B

Q9. Which country has successfully tested a new hypersonic nuclear weapon delivery system ‘Avangard’?
    A. China B. US C. North Korea D. Russia Answer: D

Q10. Which two tennis greats among the following will face off across the net for the first time on January 1, 2018?
    A. Serena Williams and Novak Djokovic B. Roger Federer and Serena Williams C. Maria Sharapova and Rafael Nadal D. Rafael Nadal and Roger Federer Answer: B

Q11. Which was the first state to adopt the Mahila Police Volunteer Scheme (MPVs) which aims to engage MPVs as a link between police and community and help women in distress?
    A. Maharashtra B. Haryana C. Madhya Pradesh D. Kerala Answer: B

Q12. India will provide grant assistance of _____ rupees towards Bhutan’s 12th Five Year Plan, and a transitional Trade Support Facility of INR 400 Crore over a period of 5 years to strengthen bilateral trade and economic linkages, as announced on 27th December 2018?
    A. INR 2500 Crore B. INR 3000 Crore C. INR 4000 Crore D. INR 4500 Crore Answer: D

Q13. Prime Minister Narendra Modi launched pension management software SAMPANN for pensioners of telecom department, on 29th December 2018 in Varanasi. Expand SAMPANN?
    A. System for Authority and Management of Pension B. System for Automated Management of Pension C. Scheme for All-India Management of Pension D. Systematic Allocation of Monthly Pension Answer: A

Q14. Prime Minister Narendra Modi announced that a ground station will be developed in which country by Indian Space Research Organisation (ISRO) to reap the benefits of the South Asian Satellite, on 27th December 2018?
    A. Myanmar B. Bhutan C. Sri Lanka D. Bangladesh Answer: B

Q15. Prime Minister Narendra Modi attended the One District, One Product Regional Summit held in _____ on 29thDecember 2018?
    A. Ghaziabad B. Varanasi C. Kanpur D. Lucknow Answer: B

Q16. Name the Rajbhar community icon on whom Prime Minister Narendra Modi released a commemorative postage stamp on 29th December 2018, in Ghazipur, Uttar Pradesh?
    A. Maharaja Suheldev B. Rajnath Sachdeva C. Maharaj Phogat D. Virendra Seghal Answer: A

Q17. Where did Prime Minister Narendra Modi dedicate the 6th International Rice Research Institute (IRRI) South Asia Regional Centre campus to the nation, on 29th December 2018?
    A. Mumbai B. Varanasi C. Guwahati D. Kolkata Answer: B

Q18. Financial Services Secretary Rajiv Kumar said that the Provision Coverage Ratio (PCR) of Public sector bank has gone up from 46.04 % as of March 2015 to what percent, as of September 2018?
    A. 66.85 % B. 54.78 % C. 23.45 % D. 78.65 % Answer: A

Q19. Government has decided to infuse ____ rupees in Bank of India as part of Rs 28,615 crore capital infusion to be done in nearly six public sector banks?
    A. Rs 10,086 crore B. Rs 5,789 crore C. Rs 12,789 crore D. Rs 9,890 crore Answer: A

Q20. Banks recovered _____ rupees worth of bad loans in the fiscal ended March 2018, as per RBI (Reserve Bank of India) report titled ‘Report on Trend and Progress of Banking in India 2017-18’?
    A. Rs 40,400 crore B. Rs 38,500 crore C. Rs 45,700 crore D. Rs 53,800 crore Answer: A

Q21. Which state government has succeeded in increasing the state revenue generation in the past 2 years with a record revenue collection of Rs 1598.49 crore during 2017-18 which is a new high in the last 30 years?
    A. Himachal Pradesh B. Arunachal Pradesh C. Kerala D. Punjab Answer: B

Q22. Name the Indian-American teenager who has won the inaugural “Digital Transformation Hackathon” at Cornell University, New York, USA?
    A. Sharon Sebastian B. Mahum Siddiqi C. Ashwin Muralidaran D. Raghav Sanghvi Answer: B

Q23. Keonjhar Police of which state in collaboration with India Post issued 10 postage stamps of Rs 5.00 denomination, each featuring the Ashok Chakra Awardees from Police Department across India, under the “My Stamp” scheme, on 29th December 2018?
    A. Madhya Pradesh B. Rajasthan C. Odisha D. Assam Answer: C

Q24. Swachh Surveksahan 2018 award for Best Capital City in the Solid Waste Management was conferred to _____, on 28th December 2018?
    A. Greater Hyderabad Municipal Corporation (GHMC) B. Brihanmumbai Municipal Corporation (BMC) C. Greater Chennai Municipal Corporation (GCMC) D. Kolkata Municipal Corporation (KMC) Answer: A

Q25. Who was appointed the next Ambassador of India to the Republic of Liberia on 28th December 2018, who is also the ambassador of India to the Republic of Cote d’ Ivoire?
    A. Mayuri Singh B. Y.K. Sailas Thangal C. S.K. Sinthya Thomas D. Manoj Prathap Answer: B

Q26. _____ who is presently the High Commissioner of India to the Republic of Kenya was concurrently accredited as the next Ambassador of India to the Federal Republic of Somalia, on 28th December 2018?
    A. Sameer Khan B. Rahul Chhabra C. Manish Chandra D. Vinay Sudeep Answer: B

Q27. Which country successfully launched the first test communication satellite of Hongyan constellation and 6 Yunhai-2 atmospheric environment research satellites in its 297th Long March-2D rocket mission, on 29thDecember 2018?
    A. Japan B. South Korea C. China D. United States Answer: C

Q28. Scientists of which university have developed a virtual reality (VR) 3D model of cancer cell?
    A. Oxford University, England B. Cambridge University, England C. Harvard University, United States D. Massachusetts Institute of Technology, United States Answer: B

Q29. Mrinal Sen, passed away in Kolkata, on 29th December 2018. He was a ______?
    A. Politician B. Businessman C. Journalist D. Film maker Answer: D

Q30. Which Union Ministry has released a booklet titled “A Handbook for Students on cyber Safety” to inform the school children about the different aspects of cyber safety?
    A. Ministry of Home Affairs B. Ministry of Information Technology C. Ministry of Women and Child Development D. Ministry of Human Resource Development Answer: A

Q31. Who is the author of the book “Early Indians: The Story of Our Ancestors and Where We Came From” released on 29th December 2018?
    A. Tony Joseph B. Anjali Shekhar C. Roopa Malik D. Satyendra Das Answer: A
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