April 05, 2018

5th April 2018 Events - Important Daily Current Affairs

Daily Current Affairs of 5th April 2018

International Current Affairs

Brazil's Supreme Court today ruled that former President Luiz Inácio Lula da Silva must start serving a 12-year prison sentence for taking bribes, denying his plea to remain free while he appeals his conviction.

Lula, who is leading in opinion polls ahead of upcoming presidential elections, was convicted of money laundering and passive corruption last year in July.

National Current Affairs

On this day in 1919 navigation history was created when SS Loyalty, the first ship of the Scindia Steam Navigation Company, journeyed to the United Kingdom.
Theme of National Maritime Day 2018 : “Indian Shipping – An Ocean of opportunity”.
Note : Don't be confused with National Maritime Day with World Maritime Day. The World Maritime Day is observed on 29th September.

The birth anniversary of nationalist politician Babu Jagjivan Ram (5th April 1908) is being observed as Samta Diwas today.

This day emphasizes on bringing about equality among all spheres of the society.

A Jodhpur court has sentenced Bollywood Actor Salman Khan to 5 years in prison and imposed a fine of ₹10,000 in the 1998 blackbuck poaching case.

Other actors Saif Ali Khan, Tabu, Sonali Bendre and Neelam, who were the co-accused in the case, were acquitted.

Banking, Business & Economic Affairs

The Reserve Bank of India (RBI) has kept the Repo rate (the rate at which banks borrow from RBI) unchanged at 6% during its 1st bi-monthly monetary policy review of 2018-19.

This is the 4th time in a row the repo rate has been kept steady at 6%, its lowest since November 2010.
Reverse Repo Rate under the LAF remains at 5.75%.
Marginal Standing Facility (MSF) rate as well as the Bank Rate stands at 6.25%.

According to a recent report released by the Steel Users Federation of India (SUFI), India has overtaken Japan to become world’s second largest producer of crude steel in February 2018.

Note : China is the largest producer of crude steel in the world, accounting for more than 50% of the production.

MOUs & Agreements

The Union Cabinet has approved Memorandum of Understanding (MoU) signed between India and United Arab Emirates (UAE) on Technical Cooperation in Rail Sector.

The MoU will provide platform to Indian Railways to interact and share latest developments and knowledge in railway sector.

The Union Cabinet has approved the Memorandum of Understanding (MoU) signed between India and Canada to foster cross-border partnerships focused on research excellence and industry-academic collaboration.
The Union Cabinet also approved the Arrangement between India and Afghanistan for cooperation in the field of food safety and related areas.
The Cabinet has given its ex post facto approval to Memorandum of Understanding (MoU) between India and Iran on establishment of an expert group on trade remedy measures.

Science & Technology

According to recently published Internet Security Threat Report, India emerged as 3rd most vulnerable country in terms of risk of cyber threats, such as malware, spam and ransomware in 2017.

The United States remains most vulnerable to such attacks, followed by China.

Sports Current Affairs

Indian weightlifter P Gururaja bagged the country's 1st medal at the 2018 Commonwealth Games after lifting a total of 249 kg (111 kg snatch, 138 kg clean and jerk) to win Silver in men's 56 kg today.
Indian weightlifter and current world champion Mirabai Chanu opened the country's Gold medal tally at the Commonwealth Games by lifting a total of 196 kg in the women's 48 kg category.

Chanu also set Commonwealth Games records in both Snatch (86 kg) and Clean and Jerk (110 kg) categories.

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