Daily Current Affairs 22 January 2018 for Banking/Insurance/SSC and other related exams.
NATIONAL NEWS
India to host 16th International Energy Forum meet
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan has announced that the 16th International Energy Forum Ministerial meeting will be held on April 10 to 12, 2018, which will be hosted by Government of India in New Delhi and co-hosted by the Government of China and South Korea.
Maharashtra govt launches `Balasaheb Thackeray Shaheed Sanmaan’ scheme
The Maharashtra government launched `Balasaheb Thackeray Shaheed Sanmaan’ scheme, under which family members of martyrs would be provided jobs with the Maharashtra State Road Transport Corporation (MSRTC).
- Under this, apart from jobs, wives of martyrs would also be provided with lifetime free bus passes.
7th Asia Steel International Conference in Bhubaneswar
Tata Steel, in association with the Indian Institute of Metals, announced that the 7th Asia Steel International Conference will be held at Bhubaneswar from February 6 to 9. The last Asia Steel conference was held in 2015 at Yokohama, Japan.
8th International Conference on Wild Silk Moths held in Guwahati
The 8th edition of the International Conference on Wild Silk Moths was held in Guwahati. Delegates from 15 countries will take part in the three-day event to share knowledge on improving wild silk production and quality globally.
- A silk product exhibition is being organised along with the Conference where producers from across the country will showcase their wares.
India-ASEAN Business & Investment Conference held in New Delhi
India-ASEAN business and investment conference held in New Delhi ahead of the landmark commemorative summit meeting on the 25th of January.
- Silver jubilee of India-ASEAN partnership is being celebrated in New Delhi on the 25th January with an unprecedented summit meet.
India’s 1st Garbage Festival organised in Chhattisgarh
The Raipur Municipal Corporation in Chhattisgarh organised the three-day Kachra Mahotsav 2018, India’s first Garbage Festival. The festival aimed to increase awareness, use the waste generated in the city creatively, and to showcase multiple techniques for reusing things that are labelled as garbage. The event had workshops, talks, and performances.
BANKING
Government signs $120 mn loan agreement with World Bank
The central government has signed a $120 million loan agreement with the World Bank to help increase access to improved water supply in the peri-urban areas of Uttarakhand.
- The ‘Uttarakhand Water Supply Programme for Peri-Urban Areas’ will help the state increase water supply as well as ensure sustainable water supply service in peri-urban areas.
ECONOMY
IMF projects 7.4 pct growth for India in 2018
The International Monetary Fund (IMF) has projected India’s growth at 7.4 percent for 2018, as against China’s 6.8 percent, making it the fastest growing country among emerging economies.
- This announcement comes a day before Prime Minister Narendra Modi’s address at the World Economic Forum (WEF) in Davos.
- In its latest World Economic Outlook (WEO) update, the IMF has also projected a 7.8 percent growth rate for India in 2019.
World Economic Forum ranks India 62nd out of 77 emerging economies on inclusive development
The World Economic Forum ranked India 62nd out of 77 emerging economies on an “inclusive development index”.
- This is an attempt to overcome the shortcomings of the Gross Domestic Product as a measure of economic development, by focusing on income inequality and median living standards, the World Economic Forum’s report said
- The report divides the index into advanced economies and emerging economies. Norway is ranked first among advanced economies in inclusive development, but the report says the country’s index is “slowly receding.” Among emerging economies, Lithuania has secured the first rank.
BUSINESS
Paytm launches ‘Paytm for Business’ for SME’s to accept digital payments
India’s largest mobile-first financial services platform Paytm has announced launch of ‘Paytm for Business’ app on Android Play Store.
- The app, which enables new merchants to sign up quickly and get a Paytm QR code to start accepting digital payments, will now enable merchants to manage their day to day payments and day-end reconciliations.
- The app offers a complete suite of services allowing Paytm’s existing six million offline merchants along with new, to track payments, navigate through the past collections and trace settlements made to their preferred bank accounts.
APPOINTMENTS
Dilip Chenoy appointed Ficci Director General
Industry lobby, the Federation of Indian Chambers of Commerce and Industry (Ficci) has appointed Dilip Chenoy as its Director General.
George Weah sworn in as president of Liberia
Football star George Weah has been sworned in as President of Liberia, in the country’s first democratic transfer of power for more than 70 years.
- Weah, a decorated football star, took over from Africa’s first female president, Ellen Johnson Sirleaf.
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