25th April 2019 Current Affairs

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Israel to name a town in Golan Heights after Donald Trump

  • Israeli PM Benjamin Netanyahu says he intends to name a new settlement in the occupied Golan Heights after US President Donald Trump.
  • Netanyahu, who is on a trip to the region with his family for the week-long Jewish Passover holiday
  • Israel has also stated that in appreciation of the U.S. president, it intends to name a proposed train station near Jerusalem’s Western Wall after him.
  • All Israelis were deeply moved when President Trump made his historic decision to recognise Israel’s sovereignty over the Golan Heights.

RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 cr

  • The Reserve Bank has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (NABARD).
  • According to an RBI press release, it is based on the recommendation of the second Narasimham Committee.
  • The RBI sold the entire stake worth 20 crore rupees in NABARD and 1,450 crore rupees in NHB in the last quarter of 2018-19.
  • With this divestment, the government now holds a 100% stake in both these financial institutions.

SEBI Reduces Minimum Subscription Requirement For REITs, InvITs

  • Markets regulator SEBI (Securities and Exchange Board of India) has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
  • SEBI has also increased the leverage limit for InvITs from 49% to 70%.
  • While making an initial public offer and follow-on offer, the minimum subscription shall not be less than Rs 1 lakh for InvITs and Rs 50,000 for REITs.
  • Currently, in the case of a REIT issue, the minimum subscription from any investor in an initial offer and follow-on public offer is not less than Rs 2 lakh, while the same is Rs 10 lakh in case of InvIT.

BuyUcoin Introduces First Indian Platform for Wholesale Cryptocurrency Trading

  • BuyUcoin, second oldest Cryptocurrency Exchange in India, has introduced a new and unique platform for wholesale cryptocurrency trading.
  • This platform works on ‘free trading model’ which means it charges zero fee on any trade.
  • It is also known as OTC (Over-the-counter) Desk that allows users to trade on a large scale with low price fluctuations.

RBI has Rs.3 lakh cr in excess reserve

  • Bank of America Merrill Lynch (BofAML) notified the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product).
  • This also includes the excess capital in contingency reserves and revaluation reserves.
  • The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore.

Shri Rajendra Kumar Nayak took Over as CGDA

  • Shri Rajendra Kumar Nayak (Indian Defence Accounts Service – 1983 batch) took over as the 52nd Controller General of Defence Accounts.
  • Shri Nayak has held important assignments in the Defence Accounts Department and on deputation in the Government of India.
  • He was Additional Controller General of Defence Accounts, Defence Accounts Department, Ministry of Defence before taking over as the CGDA.

Uday Kumar Varma resigns from Assocham Secretary General Post

  • Uday Kumar Varma resigned from the post of the Associated Chambers of Commerce and Industry (Assocham) Secretary-General.
  • He had succeeded D S Rawat who held the position for nearly 14 years.
  • Currently, Assocham Deputy Secretary-General Saurabh Sanyal is the interim secretary general.
  • Verma retired from the post of Secretary, Ministry of Information and Broadcasting on June 30, 2013.

World Malaria Day being observed today

  • The ‘World Malaria Day being observed every year across the world on 25th April to create awareness among the people about this vector-borne disease.
  • This year’s global theme for World Malaria Day is ” Zero malaria starts with me “.
  • According to the World Health Organisation (WHO) around four lakhs, people die of malaria every year in the world.
  • In India, every year close to one million people suffers from this disease.

World’s 1st Malaria Vaccine Launched In Africa

  • The world’s first-ever malaria vaccine was launched in a pilot project in Africa’s Malawi.
  • The country is the first of three in Africa in which the vaccine, known as RTS,S, will be made available to children up to 2 years of age.
  • Ghana and Kenya will introduce the vaccine soon. About 93% of the world’s malaria-related deaths in 2017 occurred in Africa.

Dark matter search: Xenon unstable

  • In a spectacular discovery, the XENON collaboration publicly announced the discovery that xenon-124, an isotope of the element Xenon, is fundamentally unstable.
  • Its half-life is 1.8 × 1022 years: more than 1 trillion times the present age of the Universe.
  • It’s the longest half-life humanity has ever measured directly, and its implications for the nature of reality couldn’t be more profound.

Try out the quiz ?

1. Golan Heights is part of which country?

Correct! Wrong!

Israel to name a town in Golan Heights after Donald Trump Israeli PM Benjamin Netanyahu says he intends to name a new settlement in the occupied Golan Heights after US President Donald Trump.

2. RBI sells stake in NHB, Nabard to govt for Rs 1,470 cr. After this divestment government of india have how many percent of share?

Correct! Wrong!

The Reserve Bank has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (NABARD). With this divestment, the government now holds a 100% stake in both these financial institutions.

3. SEBI has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). What is new the minimum subscription shall not be less than ......

Correct! Wrong!

Markets regulator SEBI (Securities and Exchange Board of India) has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). While making an initial public offer and follow-on offer, the minimum subscription shall not be less than Rs 1 lakh for InvITs and Rs 50,000 for REITs.

4. Who has introduced Cryptocurrency Exchange in India?

Correct! Wrong!

BuyUcoin, second oldest Cryptocurrency Exchange in India, has introduced a new and unique platform for wholesale cryptocurrency trading.

5. RBI has how many crore in its excess reserve?

Correct! Wrong!

Bank of America Merrill Lynch (BofAML) notified the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product).

6. Who has took charge of 52nd Controller General of Defence Accounts?

Correct! Wrong!

Shri Rajendra Kumar Nayak (Indian Defence Accounts Service - 1983 batch) took over as the 52nd Controller General of Defence Accounts.

7. Who has resigned from the post of Secretary - General of Assocham.

Correct! Wrong!

Uday Kumar Varma resigned from the post of the Associated Chambers of Commerce and Industry (Assocham) Secretary-General.

8. Which day 'World Malaria Day' being observed?

Correct! Wrong!

The ‘World Malaria Day being observed every year across the world on 25th April to create awareness among the people about this vector-borne disease.

9. What is the name of an isotope of the element Xenon?

Correct! Wrong!

In a spectacular discovery, the XENON collaboration publicly announced the discovery that xenon-124, an isotope of the element Xenon, is fundamentally unstable

10. Where World’s 1st Malaria Vaccine has launched?

Correct! Wrong!

The world’s first-ever malaria vaccine was launched in a pilot project in Africa’s Malawi.

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