Daily Current Affairs 13th January 2018

National News

 
1. 4th ASEAN-India Ministerial Meeting on Agriculture & Forestry Held in New Delhi
i. Agriculture ministers of ASEAN countries met for the fourth sitting in New Delhi. The topic of discussion was based on food and agricultural future developments.

ii. On this occasion, Union Agriculture Minister Radha Mohan Singh stated that India is committed towards the agenda set by United Nations and ASEAN countries have been working together for the prosperity of the agriculture sector as well.

International News

 
2. India Signs Pact with UK on Illegal Migrants
i. India has signed an MoU with the United Kingdom to enable the return of illegal Indian migrants within a month of their detection by authorities abroad.
ii. Minister of State for Home Kiren Rijiju confirmed that the pact was signed by him and UK Minister of State for Immigration Caroline Nokes in Britain during his visit along with an Indian delegation.
 
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • UK PM- Theresa May, Capital- London.
3. ‘IRON FIST’- The US, Japan Joint Military Drill Begins
i. American and Japanese military forces have launched joint exercise named Iron Fist. The 13th annual Iron Fist exercises kicked off in the U.S. western state of California.
ii. More than 500 U.S. Marines and sailors are partnering with about 350 members of the Japanese Ground Self-Defense Force to train in fire support operations and amphibious assaults.

Appointments

4. Anil Khanna to Head IOA Finance Commission
i. Senior sports administrator Anil Khanna was named Chairman of the Finance Commission of the Indian Olympic Association, which also formed a four-member advisory committee. The advisory committee comprises Tarlochan Singh, GS Mander, S Regunathan and BS Landge.
ii. The IOA also formed a Medical Commission and Games Technical Conduct Committee and nominated office bearers of IOA and National Sports Federations (NSFs) to the Committees.

5. Indu Malhotra Becomes 1st Woman Lawyer Directly Appointed for SC Judgeship

i. The Supreme Court collegium has recommended the name of senior advocate Indu Malhotra as the first woman lawyer to be directly appointed as a judge of the Supreme Court of India.
ii. She will be the seventh woman judge since independence to make it to the Supreme Court. At present, Justice R Banumathi is the lone woman judge in the apex court.
 
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • The first woman to be appointed as a judge of the apex court since independence was Justice M Fathima Beevi in 1989.

 

Banking/Economy News

6. Retail Inflation Rises to 5.21% in December
i. Retail inflation crossed the RBI’s comfort level and rose to 5.21 percent in December on rise in prices of food items, egg and vegetables, dashing hopes of interest rate cut in the near future.
ii. The retail inflation, based on Consumer Price Index (CPI), was 4.88 percent in November.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Mr Arun Jaitley is the present Finance Minister of India.

7. India, Top Borrower from China-Sponsored AIIB in 2017

i. India has emerged as a top borrower from the China-sponsored Asian Infrastructure Investment Bank (AIIB) with USD 1.5 billion worth of loans last year and USD three billion more in the pipeline.
ii. India’s Ambassador Gautam Bambawale met AIIB President Jin Liqun in Beijing and held in-depth talks on deepening India’s engagements with the bank. Next to India, Indonesia has emerged as the second largest borrower with about USD 600 million loans.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam- 
  • AIIB Headquarter- Beijing, China, Commenced operations in- January 2016.
  • AIIB President- Mr Jin Liqun.
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