Monthly Current Affairs Quiz - January, 2018

Notes:
The mini-ministerial meeting of WTO members from both rich and developing nations is proposed to be hosted by India in February 2018 to revitalize the multi-lateral trade body. The objective of the meeting is to discuss ways to revitalise the WTO, which is the best available multilateral institution to ensure predictable and transparent system of rule-making in the area of international trade. About 40 WTO member countries are expected to participate in the meeting, which is taking place after collapse of the ministerial talks held in Buenos Aires in December 2017. The meeting would be in the backdrop of rich nations forming groupings to prepare ground for pushing new issues such as investment facilitation, preparing rules for e-commerce, promoting gender equality and reducing subsidy on fisheries.

Notes:
US buyout giant Kohlberg Kravis Roberts (KKR) & Co. has become the first foreign investor to fully own an Asset Reconstruction Company (ARC) in India as it received approval from the Reserve Bank of India (RBI) at a time when lenders are fighting with a pile of bad loans that have crippled their businesses. KKR is one of the most aggressive investors in financial services. It has plans to deploy a major chunk from its record Asia fund for buying troubled assets in the country, multiple sources with direct knowledge of the matter. Its headquarters is located in New York, United States. An ARC is in the business of acquiring Non-Performing Assets (NPAs). The Banks and an ARC get into an agreement in which the ARC take over the NPAs from the Banks Balance Sheet at a certain amount, lower than the Book Value. After this process, the particular ARC tries to recover this amount from the borrowers.

Notes:
Star Sports, India’s leading sports broadcaster, has bagged the broadcast and production rights of Union Sports Ministry’s flagship ‘Khelo India School Games (KISG)’ for a period of five years from 2018 to 2022. The first-ever Khelo India School Games 2018 will be held from January 31 for under-17 age group (boys and girls) across 16 sports disciplines. The purpose of KISG is to inculcate a nationwide culture of sports through a grassroots sports revolution. The KISG 2018 is the marquee event under revamped Khelo India porgramme. The event is expected to host around 6000 athletes and officials in its first edition. The best talent selected through the competition will be amongst the 1000 (one thousand) budding athletes eligible for a scholarship worth 5 lakhs each per year for a period of eight years. Every year, new athletes will be added under the Khelo India scheme. Thus, over the period of the scheme, the country will have a solid bench-strength for all sports.

Notes:
Vidarbha cricket team has created history by winning the 2017 Ranji Trophy tournament with a thumping 9-wicket win over Delhi at the Holkar stadium in Indore on the 4th and penultimate day of their final on January 1, 2018. It is Vidarbha’s first Ranji Trophy title. After conceding a 252-run first innings lead, Delhi were bowled out for 280 in their second innings, setting a target of merely 29 runs for Vidarbha. Vidarbha lost only one wicket and took only five overs to chase down the target which gave them their first Ranji Trophy title. Rajneesh Gurbani’s 6 for 59, including a hat-trick and a century from Akshay Wadkar were the key moments in Vidarbha scripting a fairytale run.

Notes:
Pankaj Jain, a 1990 batch IAS officer of Assam-Meghalaya cadre , has taken charge as the Managing Director (MD) of India Infrastructure Finance Company Ltd (IIFCL). He will be holding additional charge of IIFCL along with his present position as Joint Secretary at Department of Financial Services (DFS). IIFCL is a state-owned company focused on infrastructure financing and development.

Notes:
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for establishment of new AIIMS in Bilaspur (Himachal Pradesh) under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY). The cost of the project is Rs.1351 crore and will be completed in a period of 48 months. The Institution will consist of a hospital with a capacity of 750 beds and trauma center facilities. It will also have a Medical college with an intake of 100 MBBS students per year and Nursing College with an intake of 60 B.Sc. (Nursing) students per year. Under this scheme, AIIMS have been established in Bhubaneshwar, Bhopal, Raipur, Jodhpur, Rishikesh and Patna while work of AIIMS Rae Bareli is in progress. Also, three AIIMS in Nagpur (Maharashtra), Kalyani (West Bengal) and Mangalagiri in Guntur (Andhra Pradesh) have been sanctioned in 2015, two AIIMS have been sanctioned at Bathinda and Gorakhpur in 2016 and an AIIMS in Kamrup (Assam).

Notes:
The first draft of the National Register of Citizens (NRC) for Assam has listed 19 million people out of the 32.9 million applicants as legal Indian citizens in a massive exercise aimed at identifying illegal immigrants in the state that borders Bangladesh. The Office of the State Coordinator of NRC Assam has provided five alternatives to check for the names included in the draft. One of them alternative is to check the printed version of the list at the NRC Seva Kendras between 10 AM to 4 PM till January 31 on all working days. One can also call at the 24X7 tollfree helpline number 15107 from Assam and 18003453762 from outside Assam. The NRC was last updated in Assam way back in 1951. Then, it had recorded 80 lakh citizens in the State. India and Bangladesh share 4,096-km-long border, of which 262 km falls in Assam.

Notes:
Recently, the Rajasthan Government and HDFC Bank have signed MoU to promote and nurture startups in the state. As per pact, HDFC Bank will team up with the state government to provide end-to-end solutions including current accounts, credit cards and more under its SmartUp programme. HDFC Bank will also assist startups in showcasing their offerings to the general public.

Notes:
Preeti Sudan, the secretary of Union Health and Family Welfare ministry, has launched India’s first digital online oncology tutorial series in collaboration with the Tata Memorial Centre on January 4, 2018. The purpose of the tutorial series is to educate doctors in early detection, prevention, palliation, rehabilitation and treatment of various forms of cancers. This is part of a national programme that will be rolled out across the country by Tata Memorial Centre in collaboration with state governments. The overall course, designed for 7 weeks, will equip doctors with the skills and knowledge on the basics of oncology to detect, diagnose and refer cancer cases early. It comprises 14 hours of comprehensive e-learning through more than 40 video lectures, case studies, assessment questionnaires and periodic interactive webinar sessions with the respective consultants of Tata Memorial Hospital.

Notes:
The Border Security Force (BSF) has launched Operation Alert along the over 200 km long International Border (IB) in Jammu and Kashmir (J&K) to curb the increasing movement of infiltrating terrorists from across the border.