Daily One Liner Current Affairs 12 April 2018

Hello and welcome to exampundit. Here are the Daily One Liner Current Affairs 12 April 2018. These are important for revision.

Daily One Liner Current Affairs 12 April 2018
Daily Current Affairs 12 April 2018 – Featured

Financial

  • Approximately 1.5 million rural residents in Madhya Pradesh will directly benefit from improved livelihoods, education and mobility with the USD 140 million loan approved by the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) in a meeting held recently in Beijing.
  • The Reserve Bank on Thursday tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer up to USD 2,50,000 abroad in a year.
  • The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.
  • Swedish home furnishings chain IKEA today said it has signed a memorandum of understanding (MoU) with the Gujarat government to set up its stores in the state with an expected investment of up to Rs 3,000 crore in the long term.
  • India has emerged as the top recipient of foreign direct investment (FDI) from within the Commonwealth and is the second-most lucrative source of investment within the 53-member organisation after the UK, according to a new trade review.
  • The union government has set up a 12-member panel to review the enforcement of CSR provisions under the Companies law as well as look at having a centralised scrutiny and prosecution mechanism to deal with violations.

Non-financial

  • Diu has become one of the first states in India to run entirely on solar energy. The island is the tenth least populated district of India with 50 acre of barren land which can be easily used to convert natural resources into energy.
  • India and Morocco on April 11, 2018 signed a Memorandum of Understanding (MoU) to promote cooperation in the field of mining and geology for a period of 5 years.
  • India and Timor Leste on April 11, 2018 signed a Memorandum of Understanding (MoU) in the field of public health to extend affordable healthcare to the people of the Southeast Asian nation.
  • The Union Ministry of Human Resource Development on April 11, 2018 constituted a committee under the Chairmanship of Gujarat Education Minister Bhupendrasinh Chudasama to eliminate the fear of maths among the students.
  • The Indian Space Research Organisation (ISRO) on April 12, 2018 launched the navigation satellite IRNSS–1I.
  • Ace Indian shuttler Kidambi Srikanth became World number 1 in men’s singles category after Badminton World Federation updated its weekly rankings on April 12, 2018.
  • The Maharashtra state government on April 11, 2018 announced cash prizes for all the players from the state who have bagged medals in the ongoing Commonwealth Games Gold Coast.
  • Indian wrestling legend Sushil Kumar, who won the Commonwealth Championships last December, displayed his top form as he took on South Africa’s Botha Johannes in the men’s freestyle 74 kg finals.
  • Babita Kumari, who entered the gold medal round of women’s 53kg freestyle wrestling on a high note, had to settle for silver after she lost to Canada’s Diana Weicker.
  • Indian shooter Tejaswini Sawant grabbed the silver medal in the women’s 50m Rifle Prone final on April 11.
  • India’s skating champion Priyam Tated has won Gold medal in the Basic Novice B Category (13-15 years) in Cambodia Open National Figure Skating Championship which was held in Phnom Pench from 4 to 7 April 2018.
  • Former bureaucrat Bhanu Pratap Sharma has been appointed chairman of the Banks’ Board Bureau. He succeeded Vinod Rai.
  • India was ranked at 130th spot in the latest annual Index of Economic Freedom, which was released by a top American think-tank the Heritage Foundation. Hong Kong topped the list.
  • The Cabinet of United Arab Emirates (UAE) has approved the issuance of law on Equal Wages and Salaries for men and women.
  • New Zealand Prime Minister Jacinda Ardern on April 12, 2018 announced a ban on all new offshore oil exploration, as a transition towards a zero-carbon economy.
  • The World Bank has approved $55 million to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily.
  • The US Food and Drug Administration (FDA) on April 11, 2018 permitted the marketing of the first medical device to use Artificial Intelligence (AI) to detect greater than a mild level of the eye disease diabetic retinopathy in diabetic adults.

Regards

Team Exampundit