Current Affairs 31st January 2018 - Banking, SSC, UPSC Affairs

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Axis Bank Launches fourth edition of Evolve

Private sector Axis Bank launched the fourth edition of ‘Evolve’ in Coimbatore, 

Tamil Nadu. It is an annual multi-city knowledge series for Bank’s small and 

medium-sized enterprises (SME) customers. The current edition of 'evolve' is 

titled as “Transform your Family Business into your dream company”. It will empower the 

SMEs to understand the winning strategies and best practices that have helped some of the leading 

family businesses in India grow into the reputable enterprise. This edition will span across 30 cities.

Google Introduces A New App Named as Bulletin

Google introduced a new app named "Bulletin" that allows anybody to submit 

stories for and about their communities. This is a free, lightweight app for 

telling a story by capturing photos, video clips and text right from your phone, 

published straight to the web. The app is made for contributing hyperlocal stories about your community. 

The application has been launched as a limited pilot project and is available in Nashville, Tennessee, 

and Oakland, California.

Melbourne To Host Final Of 2020 World T20

Melbourne Cricket Ground will host the final of both the men’s and women’s 

World Twenty20 when the tournaments come to Australia in 2020. It will mark

 the first time the tournaments are held as stand-alone events in the same year 

in the same country. The women’s final will coincide with International Women’s Day (8th March).

Prime Minister Narendra Modi Launched 1st Khelo India School Games

Prime Minister Narendra Modi launched the first Khelo India School Games at 

Indira Gandhi Indoor Stadium in New Delhi. The Khelo India programme has been

 introduced to revive the sports culture in India at the grass-root level. 

Talented Under-17 players identified in priority sports disciplines at various levels by a High-Powered 

Committee will be provided annual financial assistance of Rs. 5 lakh per annum for 8 years. 

The Khelo India School Games are being held from 31st January to 8th February 2018 in New Delhi.

Sharath Kamal Wins Table Tennis Nationals Championship

Sharath Kamal beat top-seeded Anthony Amalraj to win the men singles title for

 the eighth time, equalling the feat of Kamlesh Mehta in the 79th edition of the 

11Even Sports Senior Nationals in Ranchi, Jharkhand. Suthirta Mukherjee

 from West Bengal emerged the new women champion, beating Hyderabad Nationals winner Manika Batra.

India Ranks 6th In The List Of Wealthiest Countries

India ranked sixth in the list of wealthiest countries with the total wealth of 8,230

 billion US dollars. The list was topped by the United States of America, according to 

a report by New World Wealth. He was the best-performing wealth market 

globally in 2017 as its total wealth swelled from 6,584 billion dollars in 2016 to 8,230 billion dollars 

in 2017, registering a 25% growth.

Himachal Pradesh launches Zero Budget Natural Farming project to promote organic farming

Himachal Pradesh Government launched Zero Budget Natural Farming (ZBNF) project

 to promote organic farming. It was launched by Chief Minister, Jai Ram Thakur. 

The project aims to increase agriculture produce and the income of farmers by 

the year 2022. ZBNF is set of natural farming methods where the cost of growing and harvesting 

plants is zero. It is a farming practice that believes in the natural growth of crops without adding any 

fertilizers and pesticides or any other foreign elements.

Indian Navy launches third Scorpene class submarine Karanj

The Indian Navy launched ‘Karanj,’ the third Scorpene class submarine. 

The submarine, constructed by shipbuilder Mazagon Dock Limited (MDL) 

in Mumbai. The first of the six Scorpene-class submarines, Kalvari, 

was commissioned into the Indian Navy by Prime Minister Narendra Modi last month. 

He had called its induction a big step in the country’s defense preparedness. 

On the occasion, Defence Minister Nirmala Sitharaman had called submarine building a 

sophisticated and exacting craft, which only a handful of countries possess in their industrial capacity.

Environment Minister Harshvardhan Launches PetaFlop Super Computer

Environment Minister Harshvardhan launched a 2.8 PetaFlop capacity 

high-performance computer system ‘Mihir’ in Noida. The system will be 

able to predict weather and climate accurately. This will be helpful in 

addressing the various issues of agriculture operations and fishing in the country. The system 

will help the department in predicting severe climate-related calamities and warnings for fishermen.

 With the launch of the system, India has joined the elite 30 member group of countries which have

 this advanced technology.

Union Government Signs $250 Million Loan Agreement With ADB

The Asian Development Bank and the Indian Government signed a 250 million 

dollar loan to finance the construction of over 6 thousand 2 hundred kilometers

 all-weather rural roads in 5 states viz Assam, 

Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Pradhan Mantri 

Gram Sadak Yojana (PMGSY). The program is aimed at improving rural connectivity, 

facilitating safer and more efficient access to livelihood and socio-economic 

opportunities for rural communities through improvements to about 12 thousand

 kilometers Rural Roads across the 5 States.

India to witness super blue moon with lunar eclipse

India would witness a 'super blue blood' moon between 5:15 PM and 7:37 PM on

 as the Moon goes from east to west. Occurring for the first time since 1866, 

the second Full Moon of the month, often called a Blue Moon, 

would coincide with a lunar eclipse giving it a blood-red tint, with the Moon also being a supermoon.

India becomes third largest producer of crude steel

According to a recent report published by World Steel Association (WSA), 

India overtook the US to become the world’s third-largest steel producer in 2018.

 China has remained world leader by producing 831.7 MT in 2017, 

up 5.7% from 786.9 MT in the year-ago period.   Japan is second largest global steel producer. 

The Global steel production had reached 1,691.2 MT in 2017, up by 5.3% compared to 2016 

when output was 1,606.3 MT. It includes over 160 steel producers with 9 of 

the 10 largest steel companies, national and regional steel industry associations, 

and steel research institutes. It was founded in July 1967 and is headquartered in Brussels, Belgium.

Indian-American Adobe CEO Shantanu Narayen To Lead USISPF Board

Indian-American Adobe CEO Shantanu Narayen elected as the Vice 

Chairman of the US-India Strategic and Partnership Forum. 

It is a new organization set up to enhance business 

relations between India and the US. The new representative body - 

US-India Strategic Partnership Forum (USISPF) was set up to promote bilateral trade

 and work on creating meaningful opportunities that have the power to change the lives of citizens. 

The USISPF now has 31 board members.

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