12th October 2018 Current Affairs

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First India-Israel Innovation Centre Opens in Bengaluru

The country’s first India-Israel Innovation Centre (IIIC), an entrepreneurial technology hub, was launched in Bengaluru.

The IIIC is a significant step towards facilitating penetration of Israeli companies in India and aims to forge local partnerships and joint ventures between companies from the two countries.

It will provide an ecosystem to support entrepreneurship, partnership with vendors, mentoring and non-formal community development that will assist the growth of the companies in different verticals and covers business, technology, investors and customers.

Pakistan left-arm spinner Abdur Rehman retires from international cricket (

Former Pakistan left-arm spinner Abdur Rehman, who along with teammate Saeed Ajmal famously stunned England during a 3-0 defeat in 2012, announced his retirement from international cricket.

The 38-year-old took 19 wickets and Ajmal finished with 24 when Pakistan whitewashed the then-world number one Test team in United Arab Emirates six years ago in one of the finest performances of his career.

The spinner Rehman finished his 22-Test career just one short of a deserved hundred wicket mark, while he took 30 in 31 one-dayers and eight wickets in 11 Twenty20 Internationals.

SBI signs MoU with Nepal's National Banking Institute for human resource development

State Bank of India has signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources of the latter.

Under the MoU, the strategic training unit of SBI will impart education, training and development to facilitate transformation of NBI’s HR department.

SBI signed the three-year MoU with NBI to establish a mutually beneficial strategic alliance for development of NBI’s human resources by imparting education, training and research.

NSE signs pact with Uttarakhand govt to fuel MSMEs growth in state

Leading stock exchange NSE has signed a pact with the Uttarakhand government to provide access to capital to MSMEs, which will fuel the growth of such entities in the state.

The bourse will play an active role in nurturing the SMEs and start-ups by increasing awareness along with the government on the opportunities to raise capital, SME exchange guidelines, listing processes, compliances with listing agreement among others.

President Kovind Inaugurate 13th Annual Convention Of CIC

The President of India, Shri Ram Nath Kovind, inaugurated the 13th Annual Convention of the Central Information Commission (CIC) here today.

The Convention deliberated on three specific subjects – Data privacy and Right to Information, Amendment in the RTI Act and Implementation of the RTI Act.

All the present and former Chief Information Commissioners, Information Commissioners of the Central Information Commission, State Information Commission, RTI activists and NGOs associated with the implementation of the RTI Act attended the Convention.

World Bank’s Human Capital Index: Singapore Tops, India Ranks 115th

The World Bank released its first report on Human Capital Index (HCI), which placed India at the 115th position, lower than Nepal, Sri Lanka, Myanmar and Bangladesh.

Singapore topped the poll after it was highly rated for its universal healthcare system, education exams results and life expectancy figures, as per the HCI released by the World Bank.

It is followed by South Korea, Japan, Hong Kong and Finland. The report ranked 157 economies on parameters like child mortality, health and education.

Broader theme of the World Development Report (WDR) this year is “The Changing Nature of Work”.

PM Modi inaugurates Silver Jubilee celebrations of NHRC

The Silver Jubilee Celebrations of the National Human Rights Commission (NHRC) began on October 12, 2018.

The Commission will organize a ‘Human Rights Mela’ and ‘Human Rights Street Theatre Festival’.

NHRC will organize a Human Rights Walk to generate awareness about various aspects of human rights.

The NHRC was set up on the 12th October, 1993 under the Protection of Human Rights Act, passed by Parliament.

Govt hikes import duty on select communication items to 20%

The government hiked the import duty on certain communication items, including base stations, to up to 20 per cent as part of efforts to check a widening current account deficit by curbing imports.

The increased duties would be effective from October 12.

This is the second round of import duty hike announced by the government in a little over a fortnight.

World Arthritis Day celebrated on October 12

World Arthritis Day is celebrated every year on October 12.

The subject of World Arthritis Day 2018 is “It’s In Your Hand, Take Action”.

World Arthritis Day was launched by the Arthritis Foundation.

The purpose of this day is to spread awareness about how rheumatism, and how it affects the lives of people who are suffering from it.

Arun Kumar Rath takes charge as Bhilai Steel Plant CEO

Arun Kumar Rath, CEO of SAIL’s Durgapur Steel Plant took charge as the new CEO of Bhilai Steel plant, two days after a major fire accident at the SAIL unit which has so far claimed 13 lives.

Rath has replaced M Ravi who was removed following the accident.

WEF launches Centre for Fourth Industrial Revolution in India

The World Economic Forum launched its new center for the fourth industrial revolution in India.

This center will be located in Maharashtra.

It has selected drones, artificial intelligence and blockchain as the first three project areas.

W.E.F. has entered into partnership with Maharashtra and Andhra Pradesh Governments for the new initiative.

Try out the quiz ?

1. Where is the first India-Israel innovation centre opens?

Correct! Wrong!

The country’s first India-Israel Innovation Centre (IIIC), an entrepreneurial technology hub, was launched in Bengaluru. The IIIC is a significant step towards facilitating penetration of Israeli companies in India and aims to forge local partnerships and joint ventures between companies from the two countries. It will provide an ecosystem to support entrepreneurship, partnership with vendors, mentoring and non-formal community development that will assist the growth of the companies in different verticals and covers business, technology, investors and customers.

2. Who is Abdur Rehman,who recently retired from cricket?

Correct! Wrong!

Former Pakistan left-arm spinner Abdur Rehman, who along with teammate Saeed Ajmal famously stunned England during a 3-0 defeat in 2012, announced his retirement from international cricket.

3. What is the reason of SBI signs with Nepal’s National Banking Institute?

Correct! Wrong!

State Bank of India has signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources of the latter. Under the MoU, the strategic training unit of SBI will impart education, training and development to facilitate transformation of NBI's HR department.

4. NSE signs pact with which state government to fuel MSMEs growth in state

Correct! Wrong!

Leading stock exchange NSE has signed a pact with the Uttarakhand government to provide access to capital to MSMEs, which will fuel the growth of such entities in the state. The bourse will play an active role in nurturing the SMEs and start-ups by increasing awareness along with the government on the opportunities to raise capital, SME exchange guidelines, listing processes, compliances with listing agreement among others.

5. The president of India shri Ram Nath Kovind inaugurated the ______ annual convention of the Central Information Commission (CIC) on 12th October.

Correct! Wrong!

The President of India, Shri Ram Nath Kovind, inaugurated the 13th Annual Convention of the Central Information Commission (CIC) here today. The Convention deliberated on three specific subjects – Data privacy and Right to Information, Amendment in the RTI Act and Implementation of the RTI Act. All the present and former Chief Information Commissioners, Information Commissioners of the Central Information Commission, State Information Commission, RTI activists and NGOs associated with the implementation of the RTI Act attended the Convention.

6. What is the position of India on Human Capital Index released by World Bank?

Correct! Wrong!

The World Bank released its first report on Human Capital Index (HCI), which placed India at the 115th position, lower than Nepal, Sri Lanka, Myanmar and Bangladesh. Singapore topped the poll after it was highly rated for its universal healthcare system, education exams results and life expectancy figures, as per the HCI released by the World Bank. It is followed by South Korea, Japan, Hong Kong and Finland. The report ranked 157 economies on parameters like child mortality, health and education. Broader theme of the World Development Report (WDR) this year is “The Changing Nature of Work”.

7. On which of the following day the Silver Jubilee Celebrations of the National Human Right Commission began?

Correct! Wrong!

The Silver Jubilee Celebrations of the National Human Rights Commission (NHRC) began on October 12, 2018. The Commission will organize a ‘Human Rights Mela’ and ‘Human Rights Street Theatre Festival’. NHRC will organize a Human Rights Walk to generate awareness about various aspects of human rights. The NHRC was set up on the 12th October, 1993 under the Protection of Human Rights Act, passed by Parliament.

8. Government hiked the import duty on certain communication items up to __________.

Correct! Wrong!

The government hiked the import duty on certain communication items, including base stations, to up to 20 per cent as part of efforts to check a widening current account deficit by curbing imports. The increased duties would be effective from October 12. This is the second round of import duty hike announced by the government in a little over a fortnight.

9. What is the theme of ‘World Arthritis Day 2018’?

Correct! Wrong!

World Arthritis Day is celebrated every year on October 12. The subject of World Arthritis Day 2018 is "It's In Your Hand, Take Action".

10. Who is appointed as CEO of Bhilai Steel Plant?

Correct! Wrong!

Arun Kumar Rath, CEO of SAIL's Durgapur Steel Plant took charge as the new CEO of Bhilai Steel plant, two days after a major fire accident at the SAIL unit which has so far claimed 13 lives.

11. In which country The World Economic Forum launched its new center for the fourth industrial revolution?

Correct! Wrong!

WEF launches Centre for Fourth Industrial Revolution in India (Miscellaneous) The World Economic Forum launched its new center for the fourth industrial revolution in India. This center will be located in Maharashtra. It has selected drones, artificial intelligence and blockchain as the first three project areas. W.E.F. has entered into partnership with Maharashtra and Andhra Pradesh Governments for the new initiative.

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