Current Affairs - 12 April 2018

Current Affairs for 12 April 2018 - 

National News for 12 April 2018 -

1) NSA Avijit Doval to travel to Russia to boost ties with Moscow - India’s national security adviser Ajit Doval will travel to Russia later this week in a bid to reassure Moscow and will meet his Russian counterpart Nikolai Patrushev on the trip, which was initially meant to be held before the NSA went to the US in March.India and Russia are working on ways to step up defence ties, The ties between the two countries are important to India and that they remain key defence, security and nuclear partners.

2) Isro successfully launches navigation satellite IRNSS-1I to replace faulty IRNSS-1A - India successfully launches the PSLV-C41 rocket carrying India’s eighth navigation satellite IRNSS-1I from Sriharikota at 4.04am on Thursday. The launch of PSLV-C41 took place in four stages and the total time taken for the rocket to put the satellite into the intended orbit was 19 minutes. Navigation satellite IRNSS-1I has been launched to replace India’s first navigation satellite IRNSS-1A.

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3) Punjab CM to launch debt waiver for economically weaker SC, BC borrowers - Punjab chief minister Amarinder Singh would now launch a debt waiver scheme to waive off loans up to Rs 50,000 each for economically weaker members of the scheduled castes. The cut-off date would be March 31, 2017, for calculation of interest/penal interest.

4) India completes NavIC constellation with 7th satellite - The Indian Space Research Organisation (Isro) early on Thursday put into space a new satellite under its regional navigation satellite system and completed the constellation, which needed seven functional satellites to provide foolproof satellite-based navigation signals. IRNSS-1I carried two types of payloads: Navigation and Ranging.

International News for 12 April 2018

1) First subway in Xinjiang to require riders to show ID - The first subway line in the northwestern Chinese city of Urumqi will require riders to show identification. The rule allows for fines of up to 200 yuan ($32) for those without valid tickets or who use others’ IDs to buy them.

2) After China’s massive drill, US patrols disputed the South China Sea - The nuclear-powered warship, leading a carrier strike group, was conducting what the US military called routine training in the disputed South China Sea. Navies in the western Pacific, including China and nine Southeast Asian countries, have been working on a code of unexpected encounters. In a span of 20 minutes, 20 F-18 fighter jets took off and landed on the USS Theodore Roosevelt aircraft carrier.

3) Malaysia declares May 9 election day a holiday after an outcry - Malaysian Prime Minister Najib Razak has declared May 9 a public holiday to enable voters to cast their ballots so that some 15 million voters can exercise their right. This surprise move is seen as a bid to ease public anger a day after the Election Commission announced that voting will be held on a workday.

Business News for 12 April 2018

​1) Tata Sons to bring defence, aerospace under one roof - Tata Sons said it is in the process of consolidating its various businesses across aerospace and defence sectors together under a single entity and Several companies proposed to be forming part of Tata A&D already have strong, established partnerships with leading aerospace and defence firm. The necessary statutory and regulatory approvals are in the process of being obtained.

2) Orkut founder launches ‘hello’ social network app in India - Orkut Buyukkokten a former Google employee who founded social networking website Orkut.com launched a new social network “hello” in India. The app, currently available in Brazil with nearly one million downloads, was in the beta test mode in India for the past several months.

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3) Saudi Aramco to buy 50% in $44 billion Maharashtra refinery - Saudi Aramco will buy a 50% stake in a $44-billion refinery planned by a consortium of Indian state-run oil companies. The two sides signed a MoU to this effect here on Wednesday on the sidelines of the 16th International Energy Forum. The deal is being backed by both the governments as they look to go beyond their traditional oil buyer-seller relationship.

4) British Airways, Lufthansa, SIA among four foreign carriers interested in Air India - Four major international airlines including British Airways, Lufthansa and Singapore Airlines are among those that have shown interest in Air India’s disinvestment. A foreign airline can have a joint venture in India provided it has a local partner with at least 51% stake and effective control. The government has offered to sell 76% in the loss-making national carrier and will transfer a substantial chunk of its debt into a separate company.

Agreement News for 12 April 2018- 

1) India, Zambia sign 4 agreements during President Kovind’s visit - India and Zambia on Wednesday signed four agreements including on double taxation avoidance and judicial cooperation. The two Presidents exchanged views on bilateral and global issues committing to India’s long-standing developmental partnership with Zambia. This is the first visit to the country by an Indian president since 1989.

These are Current affairs for 12 April 2018. Make use of Current Affairs 12 April 2018.