Daily Current Affairs 5th January 2018

Daily Current Affairs 5th January 2018 - Dailygkaffairs
Download the PDF – Daily current affairs 5th January 2018

One Point Current Affairs :- 

  • The Border Security Force (BSF) has launched “Operation Alert” along the over 200 km-long International Border (IB) in Jammu and Kashmir to curb the increasing movement of infiltrating militants from across the border.
  • Authorities at Sabarimala in Kerala will soon start asking women to furnish proof of age to enter the the Lord Ayyappa temple According to Travancore Devaswom Board (TDB), which manages the shrine,  where entry is banned for women in the age group of 10-50 years.

Detail Current Affairs :-

=> 3 ministries join hands for a technology mission for Indian Railways :-

Three central ministries have come together to drive a technology mission for Indian Railways, which would be beneficial for both the national transporter and academic and research institutions.

  • A memorandum of understanding (MoU) on Technology Mission for Indian Railways (TMIR) was signed today by the Ministries of Railways, Human resource development (HRD), and Science and Technology.
  • The agreement will “facilitate collaboration and cooperation” between the ministries.
  • The funding component of the railways ministry is 30 per cent, the HRD ministry is 25 per cent and the department of science and technology (DST) 25 per cent.
  • The Technology Mission will take up research and development projects in the areas of heavy haul, safety, energy, environment and urban railways.
  • The projects will be implemented in the national research and development labs and academic institutions.
  • The projects will be implemented through a Mission Implementation and Coordination Committee having members from the three ministries, academia and the industry.

=> Indian Origin Banker Ravi Menon named best Governor of Asia Pacific :-

  • An Indian-origin banker Ravi Menon in Singapore has been named as the best central bank governor in Asia-Pacific for 2018.
  • Ravi Menon, managing director of Singapore’s central bank Monetary Authority of Singapore (MAS), was recognised by the leading UK-based magazine ‘The Banker’ for his contribution in the makeover of Singapore’s financial system.
  • The annual recognition is by magazine, a publication under The Financial Times Group, is based on a selection process involving a survey of bankers and economists.

About Monetary Authority of Singapore (MAS) :-

  • The Monetary Authority of Singapore (MAS), the country’s central bank, stands out for its cutting-edge regulatory approach to fintech while maintaining macroeconomic stability.
  • MAS was among the first regulators to set up a dedicated fintech group that focuses on understanding technology’s risks and benefits.

=> Bharat Biotech vaccine gets WHO nod :-

  • Bharat Biotech Ltd (BBL), a Hyderabad-based vaccine maker said that the World Health Organisation (WHO) has pre-qualified its typhoid conjugate vaccine.
  • The new vaccine was found to have given a longer immunity from typhoid than older vaccines and it required fewer doses for childhood immunisation.
  • The pre-qualification by WHO allows for the sale of the vaccines to UN agencies such as UNICEF and GAVI.
  • A single dose offers 87 per cent protective efficacy against typhoid, which sickened 12 million people and killed 130,000 worldwide in 2016.
  • It has been found in the clinical trials that the use of the vaccine could help in curbing the frequent use of antibiotics for treatment of presumed typhoid fever.

About Typhoid fever :-

  • It is caused by food and water contaminated by Salmonella Typhi (S. Typhi) bacteria.
  • The symptoms of the disease include fever, headache, nausea, loss of appetite, constipation and sometimes diarrhoea.
  • According to the World Health Organisation, typhoid affects about 21 million people per year and kills around 222,000.


=> Parliament Passes Bills on Insolvency & NABARD :-

  • The Lok Sabha approved amendments made by the Rajya Sabha in two bills- The National Bank for Agriculture and Rural Development (Amendment) Bill, and Insolvency and Bankruptcy Code (Amendment) Bill- passed by it earlier.
  • Minister of State for Corporate Affairs P P Chaudhary tabled the amendments which the House passed by a voice vote, giving Parliament’s nod to the two crucial legislations.

About Bills :-

  • The NABARD bill seeks to increase its authorised capital by six times to Rs 30,000 crore and enable the transfer of Reserve Bank of India’s share to the government.
  • The Insolvency & Bankruptcy Code (Amendment) Bill replaces an ordinance which was promulgated in November to bar wilful defaulters as well as those with NPA accounts from bidding in auctions to recover bad loans through insolvency proceedings.

=> Defence Ministry clears Military purchases worth Rs 2,420 crore :-

  • Defence minister Nirmala Sitharaman cleared on Thursday a Rs 1,950-crore project for buying full motion simulator from US defence firm Boeing to train aircrews for missions on the Indian Navy’s P-8I submarine hunter planes.
  • The P-8I ‘training solution’ contract includes 10-year comprehensive maintenance service. It will help Indian Navy train and realistically rehearse for sophisticated missions involving P-8I aircraft, at a fraction of the cost of live aircraft training.
  • Sitharaman also cleared a proposal to upgrade the army’s communications infrastructure to effectively deal with advanced communications systems being used by terrorist groups. The army will buy low intensity conflict electronic warfare system (LICEWS) from Bharat Electronics for Rs 470 crore.

Download the PDF – Daily current affairs 5th January 2018

Leave a Reply