CURRENT AFFAIRS FOR RBI | SBI | IBPS | SSC 2018

JULY
JULY20, 2018
20, 2018

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 JULY 20, 2018

NATIONAL NEWS
1. TRAI has asked operators to adopt block-chain technology to ensure only registered
telemarketers have access to phone databases and that user consent to receive such
communication is explicitly recorded.
• The regulator has asked telecom service providers to use the distributed ledger
technology to control the flow of commercial communication on their networks
in its Telecom Commercial Communication Customer Preference Regulations,
2018.
• The companies that want to communicate with interested users have to confirm
their identity through a header registered in their name.
• In case the access provider fails to curb unsolicited commercial communication,
there would be a penalty of as much as ₹50 lakh per month.

2. The Fugitive Economic Offenders Bill, 2018 has been passed in the Lok Sabha, which will
empower authorities to attach and confiscate properties and assets of economic
offenders.
 • The Bill allows for a person to be declared as a Fugitive Economic Offender (FEO)
if:
i. an arrest warrant has been issued against him for any specified offences
where the value involved is over Rs 100 crore.
ii. he has left the country and refuses to return to face prosecution.
• It will empower authorities to attach and confiscate properties and assets of
economic offenders like loan defaulters who flee the country.
• Section 11 of the Act disqualifies those declared as offenders from either filing
or defending a civil claim in court.
• The Enforcement Directorate (ED) will be the apex agency to implement the law.

3. Dairy owners in Maharashtra have agreed to pay farmers Rs 25 per litre for milk.

4. The 10th edition of the Delhi Dialogue is underway in New Delhi.

• The theme of the two-day DD -10 is "Strengthening India-ASEAN Maritime
Cooperation".
• The Delhi Dialogue is a premier annual track 1.5 event to discuss politico-
security, economic and socio-cultural engagement between India and ASEAN.
• This is the first major event to be organized after the ASEAN-India
Commemorative Summit, that was held in New Delhi in January 2018.
• The Association of Southeast Asian Nations is a regional intergovernmental
organization comprising ten Southeast Asian countries that promotes
intergovernmental cooperation.
• DD X is being organised in partnership with the Research and Information System
for Developing Countries (RIS).

5. The Rajya Sabha passed the Prevention of Corruption (Amendment) Bill, 2013 by a
voice vote, which seeks to make giving bribes to a public servant an offense and there is
a provision of punishment in such act.
 • However, a person who is compelled to give a bribe will not be charged with the
offense if he reports the matter to law enforcement authorities within seven
days.
• The bill is pending in Lok Sabha.

6. National Mission for Clean Ganga (NMCG) organised “Ganga Vriksharopan

Abhiyan” in five main stem Ganga basin states – Uttarakhand, Uttar Pradesh, Bihar,
Jharkhand and West Bengal.
• It is also known as Shubharambh Saptah.

7. Chhattisgarh CM Raman Singh launched an online portal and mobile app

called ‘Aabhaar-Aapki seva ka’ for the online pensioners of the state.
• This would be implemented by Online Pension Management System.
• 80,000 pensioners would get information related to pension through the app and
portal.

8. According to Travel + Leisure’s World’s Best Cities report, the city of Udaipur has
ranked 3rd among the 15 of the world’s best cities.
• The top 2 cities are both in Mexico: San Miguel de Allende and Oaxaca.
• Nicknames of Udaipur: City of Lakes, Venice of the East.
i. San Miguel de Allende, Mexico
ii. Oaxaca, Mexico
iii. Udaipur, India
iv. Ubud, Indonesia
v. Kyoto, Japan

9. Western Railways renamed Elphistone Road station to Prabhadevi on Mumbai’s

suburban section.

10. India is expanding its Polar research to Arctic.

 • Three decades after its first mission to Antarctica, the government is refocusing
priorities to the other pole — the Arctic — because of opportunities and
challenges posed by climate change.
• The National Centre for Antarctic and Ocean Research (NCAOR) has been
renamed to National Centre for Polar and Ocean Research.

11. Uttar Pradesh police have decided to recruit “digital volunteers” at every police station
in the State to curb rumours and bust illegal activities.
• This is in the wake of mob lynching incidents triggered by rumours spread
through social media.

12. 2018 BRICS Media Forum was held at in South Africa.

• BRICS Media Academy and BRICS news portal would be launched.

INTERNATIONAL NEWS

1. The United Kingdom announced it will construct its First spaceport in Sutherland, on
the north coast of Scotland.
• The United Kingdom will build its first spaceport at A’Mhoine Peninsula.

2. UNEP (UN Environment Programme) has announced that UN would partner with
Google to monitor the impacts of human activity on global ecosystems by using
sophisticated online tools.
• To develop a platform to enable governments, NGO’s and the public to track
specific environment-related development targets.

3. Israel's parliament adopted a law defining the country as the Nation state of the Jewish
people, provoking fears it could lead to blatant discrimination against Arab citizens.
BANKING AND ECONOMY
1. The Asian Development Bank (ADB) has raised its inflation projection for India to 5%
from 4.6%, for this fiscal year.
• Reason – Higher crude oil price, depreciation in the rupee value, hike in
Minimum Support Price.
• However, ADB said India is expected to achieve its earlier growth forecasts of
7.3% in 2018-19 and 7.6% in 2019-20 as bank strengthening bolsters private
investment and benefits kick in from the goods and services tax, while
maintaining that increases in oil prices pose a downside risk to growth.

2. The Reserve Bank would issue new Rs 100 note with the motif of ‘Rani ki Vav’.
• This note will have Gujarat’s ‘Rani Ki Vav’ (queen’s stepwell) along with the
Swachh Bharat logo and slogan on its reverse. Gandhi ji’s placement will be the
same.
• The base colour of the note is lavender.

3. BSE building Phiroze Jeejeebhoy Towers located on Dalal Street, in Mumbai gets
trademark under Trade Marks Act, 1999 by the government.
4. Even as the resolution timeline for a majority of the 12 accounts has lapsed, barring the
steel manufacturers, not many have tasted success yet.
APPOINTMENTS
1. Assam Chief Minister Sarbananda Sonowal has named Indian Athlete Hima Das as the
first sports ambassador of Assam.

AWARDS
1. Repco Micro Finance Ltd was awarded the NABARD 2018 award for its service to self-
help group (SHG) linkage in Tamil Nadu for the fiscal year 2017-18.
• Repco Micro Finance Ltd is a non-banking finance company promoted by Repco
Bank.

SPORTS
1. The International Cricket Council (ICC) released the latest ODI rankings and India
captain Virat Kohli has topped with a score of 911 points a career high for him.