Current Affairs News Headlines – February 16, 2018

India

• Iranian President Hassan Rouhani arrives in Hyderabad on 3-day India visit
• Assam: 2 IAF pilots killed in Microlight Aircraft crash in Majuli district
• Arunachal Pradesh: Dorji Khandu State Convention Centre inaugurated in Itanagar by PM Modi
• India inks $100 million loan agreement with Shanghai-based NDB (New Development Bank) for Rajasthan Water Project
• Centre to award Raghbir Singh Khandpur for his efforts in developing Science City in Kapurthala, Punjab

Business & Economy

• BSE Sensex closes at 34,297.47 points (+141.52), NSE Nifty at 10,545.50 (+44.60)
• Inflation based on wholesale price index (WPI) dips to six-month low of 2.8% in January 2018
• Services trade surplus at $50.94 billion in April-December 2017
• Merchandise trade deficit at $131.15 billion during April 2017-January 2018
• to change the base year to 2017-18 for the calculation of GDP and IIP numbers while for retail inflation the year will be revised to 2018
• RBI asks banks to accept coins of all denominations from public
• Nirav Madi scam first detected by PNB officials in 2011 & reported to concerned agencies: PNB MD & CEO Sunil Mehta
• Enforcement Directorate raids 17 places related to fugitive jeweller Nirav Modi in connection with Punjab National Bank fraud case; seizes jewellery worth Rs 5100 crore in nationwide searches
• fixes wheat procurement target at 32 million tonne (MT) for 2018-19 marketing year starting April

World

• Nepal: CPN-UML Chairman K. P. Sharma Oli sworn in as the 41st PM in Kathmandu
• South Africa: Cyril Ramaphosa replaces Jacob Zuma as President
• Ethiopia: PM Hailemariam Desalegn resigns after six years in power
• Zimbabwe: Opposition leader Morgan Tsvangirai dies at 65
• USA: Expelled ex-student massacres 17 people in school shooting in Parkland, Florida
• Kuwait International Conference for Reconstruction of Iraq organised in Kuwait City on February 12-14; international donors pledged $30 billion
• India’s defence budget in 2017 is world’s fifth largest, reveals International Institute for Strategic Studies (IISS) in ‘Military Balance 2018’ report

Sports

• Odisha govt. to sponsor India’s Men’s and Women’s hockey teams for the next 5 years
• Germany retain top spot in FIFA rankings, India 102nd

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