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July 12, 2018

12th July 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (12th July 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 12th July 2018

International Current Affairs
  • The Sri Lankan Cabinet has unanimously approved a move to bring back capital punishment for drug-related crimes
    • Note : Sri Lanka stopped hangings in 1976, with death row prisoners spending life terms in jail.
National Current Affairs
  • For the first time, Rajya Sabha members can speak in any of the 22 languages listed in the eighth schedule of the Constitution, Rajya Sabha Chairman M Venkaiah Naidu has announced today. 
    • The decision will be effective from the upcoming Monsoon Session of the Parliament. 
  • Tto reduce air pollution in the city, the Delhi Cabinet today approved the engagement of 1,000 low-floor environment-friendly electric buses
  • Drawing inspiration from the highly-successful 'Amma' canteens in Tamil Nadu, the Andhra Pradesh government today launched its own 'Anna' canteens across the state.
    • The intention behind launching these canteens is to tackle hunger in urban areas. 
    • The canteens will offer breakfast, lunch and dinner at Rs 5 a meal.
Banking, Business & Economic Affairs
  • NABARD is celebrating it's 36th Foundation Day today. 
    • NABARD : National Bank for Agriculture and Rural Development
    • NABARD is an apex development bank in India having headquarters based in Mumbai.
    • It was established on 12 July 1982.
    • NABARD Chairman : Dr. Harsh Kumar Bhanwal
  • India today formally joined the European Bank for Reconstruction and Development (EBRD)
    • With this India became 69th member of the London-based multilateral lender. 
    • Important Details about EBRD :
      • Founded in : 1991
      • Location : London
      • President : Sir Suma Chakrabarti
  • Airtel Payments Bank today received the requisite approvals from the Reserve Bank of India (RBI) to resume taking new customers
    • The payments bank has also been permitted by the Unique Identification Authority of India (UIDAI) to resume adding new customers using Aadhaar based eKYC
    • Note : Earlier Airtel was accused of using Aadhaar-eKYC based process to open payments bank accounts of subscribers without their consent.
  • Mukesh Ambani-led Reliance Industries Limited crossed the $100-billion market cap mark today.
    • With this, the company will join with Tata Consultancy Services (TCS) as the only two $100-billion companies in India. 
  • Kylie Cosmetics' 20-year-old Founder Kylie Jenner, with a net worth of $900 million, became the youngest member in Forbes list of America's richest self-made women 2018 released today. 
    • Roofing supply company ABC Supply's Diane Hendricks topped the list with $4.9 billion.
    • Two Indian-origin women have been featured in the list. They are :
      • Computer networking company Arista Networks CEO Jayshree Ullal is ranked 18th with a fortune of $1.3 billion.
      • IT consulting firm Syntel Co-Founder Neerja Sethi was ranked 21st with $1-billion fortune. 
    • Note : With Kylie will beat Facebook CEO Mark Zuckerberg as the world's youngest self-made billionaire.
    • Zuckerberg, who became the world's youngest billionaire at 23, is currently the world's 5th richest with $76.8 billion wealth.
  • According to updated World Bank figures on GDP of countries for 2017, India has become world’s sixth-biggest economy surpassing France to seventh place. 
    • India’s gross domestic product (GDP) amounted to $2.597 trillion at the end of 2017, as against $2.582 trillion for France.
    • Top 5 biggest economies
      • United States (US $19.39 trillion)
      • China (US $12.23 trillion) 
      • Japan (US $4.87 trillion) 
      • Germany (US $3.67 trillion) 
      • Britain (US $2.622 trillion)
Awards & Honors
  • Dr Ravi Mehrotra CBE, Chairman of Foresight Group International Ltd., was presented with a Lifetime Achievement Award by Mr Chris Hayman (Chairman, Seatrade) at the Seatrade 30th Anniversary Award Ceremony held at the Landmark, London on June 29th.
    • This award recognises recipients who have made a significant and lasting contribution to shipping and the maritime industry.
MOUs & Agreements
  • India and United Kingdom has signed a Memorandum of Understanding (MoU) on cooperation in the sphere of Law & Justice and establishing Joint Consultative Committee
    • The MoU was signed by Law Minister Ravi Shankar Prasad and UK’s Secretary of State for Justice David Gauke in London.
Science & Technology
  • India’s Department of Telecommunications has approved Net Neutrality Rules that ban blocking, throttling, and zero-rating internet data, with some exceptions.
    • With this, access to internet will remain unrestricted and non-discriminatory.
    • What is Net Neutrality ?
    • Net neutrality implies that telecom service providers must treat all internet traffic equally, without any regard to the type, origin or destination of the content. 
    • No internet access service provider can block, degrade, slow down or grant preferential speeds to particular content.
  • Indian state-owned telecommunications company Bharat Sanchar Nigam Limited (BSNL) has became the country's first telephone network to launch 'internet telephony' service, which makes landline work like mobile. 
    • BSNL users will be able to call on any network's number by installing BSNL's app 'Wings' on their devices including smartphone, tablet or laptop. 
    • Until now, phone calls on mobile apps were possible only within users of a particular app.
New Appointments
  • Former Google artificial intelligence (AI) chief John Giannandrea has been appointed as Apple's Chief of Machine Learning and AI Strategy.
    • In his new role, he will be overseeing the strategy for AI and machine learning (ML), and the development of Core ML and Apple's digital assistant Siri. 
  • US President Donald Trump today appointed Brett Kavanaugh as the new Judge of Supreme Court
    • He will replace Justice Anthony Kennedy.
    • This move ends the hopes of Indian Americans that Amul Thapar would become the first judge from the community to make it to the top court.
Books & Authorsnabar
  • The Vice President of India, M. Venkaiah Naidu today released a book titled ‘Two Classical Plays from India’.
    • This book is an English translation of Hindi plays written by well-known playwright D.P. Sinha.
Sports Current Affairs
  • The Mission Olympic Cell (MOC) of Union Ministry of Sports and Youth Affairs has included entire Men’s Hockey team of India under the Target Olympic Podium Scheme (TOPS)
    • This is first instance that entire team has been made beneficiary of the scheme as earlier only individual athletes from different sports were included as beneficiaries of the scheme.
    • TOPS aims at identifying and supporting potential medal prospects for upcoming Olympic Games. 
    • This scheme provides selected sportspersons customized training at institutes having world class facilities along with other necessary support.

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