11 July 2018 Current Affairs

DIPP and Min. of Commerce and Industry released the ranking of states on Ease
of Doing Business
On July 11, 2018, Department of Industrial
Policy and Promotion (DIPP), Ministry of
Commerce and Industry, released the final
rankings of States in Ease of Doing
Business in New Delhi.
Secretary, DIPP, Ramesh Abhishek, Ms.
Caroline Freund, Director,
Macroeconomics, Trade and Investment,
World Bank Group,Junaid Kamal Ahmad,
Country Director, World Bank, India, and senior officers of DIPP, World Bank, CII and
FICCI.

DGFASLI and GMB sign MOU for improving working conditions in the ship
recycling yards at Alang
On July 11, 2018, The Directorate General
Factory Advice Service & Labour Institutes
(DGFASLI) and Gujarat Maritime Board
(GMB) have signed a Memorandum of
Understanding (MoU) at New Delhi.
i. This was done in the Ministry of Labour &
Employment in presence of Minister of
State (Independent Charge) Labour &
Employment Shri Santosh Kumar Gangwar
and Minister of State, Shipping Shri
Mansuksh Mandaviya.
ii. Secretary, Labour & Employment Shri Heeralal Samariya and Secretary Shipping Shri
Gopal Krishna were also present on this occasion.

Approval for additional Rs 39-cr for phase 2 of ‘Seema Darshan’ project: Gujarat
CM
On July 10, 2018, The Gujarat government
gave approval for additional Rs 39 crore to
develop infrastructure for state’s “Seema
Darshan” or border tourism project at
Nadabet near Suigam in Banaskantha
district in a meeting at Gandhinagar.
Objective of the Project:
To instill patriotism through a unique
initiative for border tourism.
Key Points:
i. Following the approval, a proposal will be
sent to Union ministries of Home and
Tourism for financial assistance.

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ii. The border tourism project is being developed on the pattern of Wagah Border.
iii. It entails development of an exhibition hall and a parade ground with an amphi theatre
for 5,000 people.
iv. The development will be done under phase-2 of the project.
v. An investment of Rs 22 crore was made into the phase-1 of the project that was launched
on December 24, 2016.
vi. The project will encourage local economic activity in the Rann of Kutchh region and in
adjoining flamingo and wild ass sanctuaries.

First-ever metal craft exhibition inaugurated in Leh

On July 11, 2018, the first-ever metal craft

exhibition was held in Chilling village, Leh.
To promote and preserve the metal craft tradition
of Ladakh.
Key Points:
i. It was organised by the Youth Association for
Conservation and Development Hemis High
Altitude National Park, in collaboration with
Heritage Home Chilling, showcasing the
indigenous craft to the visitors.
ii. The exhibition of this 400-year-old craft will
remain open for the next two months.
iii. Chilling is known for its metal craftwork,
which began decades ago and it is considered to be
its identity.
iv.This event would encourage and involve young generations in the village to continue this
craft.
v. The exhibition, therefore, aims to dissolve the reluctance of the youth towards this age-
old craft.

Resolution 2427: to protect children in armed conflict adopted by UN Security

Council

On July 9, 2018, The 15 member UN Security

Council adopted Resolution 2427 aimed at
formulating a framework for protection,
rights, well-being and empowerment of
children throughout the conflict cycle at the
UN Headquarters in New York City.
i. The adoption of the resolution preceded a
high-level open debate on children and armed
conflict, which was chaired by Swedish Prime
Minister Stefan Lofven, whose country holds the presidency of the Security Council for
July.
ii. It opposes the recruitment and use and exploitation of children by parties to armed
conflict.

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iii. It also condemns attacks against schools and hospitals and the denial of humanitarian
access by parties to armed conflict and all other violations of international law committed
against children in situations of armed conflict.

Library for Nepali academicians inaugurated by PM of Nepal KP Sharma Oli

On July 11, 2018, Nepali Prime Minister KP
Sharma Oli inaugurated a library built by the
Indian Government in the presence of Indian
Ambassador Manjeev Singh Puri.
The inaugural event was attended by
representatives of Ministries of Urban Development,
Culture, Civil Aviation and Tourism, Government of
Nepal, community leaders and a large number of
friends of the India-Nepal relationship.
Key Points:
i. This would provide research and reference
facilities to the researchers and academicians of
India and Nepal.
ii. It has a facility of an advanced offset press for
printing of books.
iii. Nepal received financial assistance of NRs. 43.94
million from India for construction of the building.
iv. The Nepal Academy with the Indian Government has planned to develop the library as
a digital library.

Additional 10% tariffs on $200b of Chinese goods announced by Trumps

administration

On July 11, 2018, US President

Donald Trump‘s administration
announced a package of 10% tariffs
targeting Chinese exports worth USD
200 billion.
i. This is in the backdrop of Trump
administration urging China to stop
its unfair practices and open its
market which China refused to do.
ii. Earlier in March, the US imposed
massive trade tariffs amounting to
USD 60 billion on China, in an effort
to stop the latter from stealing
“intellectual property” from American
companies.
iii. In retaliation, China imposed trade tariffs on the US amounting to USD 3 billion in
April.

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India named world’s sixth largest economy by surpassing France: World Bank
data
On July 11, 2018, India has become
the world’s sixth largest economy overtaking
France, according to World Bank data
on gross domestic product (GDP) of countries
for 2017.
i. India has recorded a GDP of USD
2,597,491 million, followed by USD 2,582,501
of France, while United Kingdom recorded a
GDP of USD 2,622,434 million.
ii. India has recovered from the effects of
demonetisation and the Goods and Services
Tax (GST).
iii. World Bank has predicted the GDP of India in FY2019 to be 7.3%.
iv. The International Monetary Fund (IMF) also stated that it expected India to re-
emerge as one of the fastest growing major economies in the 2018 – 2019 period, projecting
the country’s growth rate at 7.4 percent in 2018.
v. Further, the international financial organisation forecasted a rate of growth of 7.8
percent for 2019.
The economies of other countries:
Country GDP in USD

USA US $19.390 trillion

China US $12.237 trillion

Japan US $4.872 trillion

Germany US $3.677 trillion

UK US $2.622 trillion

India $2.597 trillion

France US $2.582 trillion

HDFC securities launched MF transactions on Facebook messenger through Arya

On July 11, 2018, HDFC securities

announced launch of Mutual Funds
transactional capabilities on Facebook
Messenger through their virtual
assistant, Arya.
Arya About the feature:
i. Through conversational style of

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investing, customers will invest in a language they understand and not get caught up in
stock market jargons.
ii. It is a familiar platform for investing that gives a time independent and an all-inclusive
(portfolio status, research, stock quotes) window.

Olympian Dipa Karmakar to be named Tripura’s brand ambassador

On July 11, 2018, The BJP Tripura state

committee proposed the government to appoint
gold medal winner in the prestigious FIG
World Challenge Cup in Mersin in Turkey Dipa
Karmakar, as brand ambassador of the state.
i. 24 year old Dipa had created history
becoming the first Indian to finish fourth in
gymnastics at the Olympics.
ii. She is also the first from her country to win
a gold medal in an international gymnastics
event.

Nina Tshering La appointed as the next Ambassador of India to the Democratic

Republic of Congo

On July 11, 2018, Ms. Nina Tshering La

has been appointed as the next
Ambassador of India to the Democratoc
Republic of Congo.
i. Ms. Nina Tshering La, presently
Deputy Chief of Mission, Hanoi has been
appointed as the next Ambassador of
India to the Democratic Republic of
Congo.
ii. She is expected to take up the
assignment shortly.

Tushar Arothe resigns as India women’s cricket coach

On 10th July 2018, India Women’s Cricket

Team Coach Tushar Arothe resigned from his
position citing personal reasons.
Resignation of Tushar Arothe:
i. During his stint with the Indian Women’s
Cricket Team, the team reached the final of
the ICC Women’s World Cup in 2017.
ii. In 2018, the team won the 3-match One
Day International (ODI) series and 5-match
T20I series in South Africa. Also, the team
reached the final of the Asia Cup held in
Malaysia.
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At least 51% stake in PNB Housing Finance sold by PNB and Carlyle Group

On July 11, 2018, Punjab National Bank

(PNB) and Carlyle Group initiated the
process of selling at least 51 per cent stake
in the mortgage lender PNB Housing
Finance.
i. Earlier in May 2018, Quality Investment
Holdings sold 4.8 per cent stake in PNB
Housing Finance for Rs 1,024 crore through
an open market transaction.

India finished joint-third with Iran at

Archery Asia Cup Stage 3 in Taipei,
bag three silver medals and one bronze
On July 10 2018, India bagged three silver
medals and a bronze to finish joint third with Iran in the Asia Cup World Ranking
Tournament Stage 3 in Taipei.
i. Korea topped the tally with 14 medals, 8 of them being gold. Taipei bagged 5 medals with
two gold medals.
ii. It will be concluded in two days to avoid the incoming super typhoon Maria.

World Population Day – July 11

World Population Day is celebrated every

year on July 11. July 11 was established as
World Population Day in 1989 by the
United Nations.
Theme for 2018:- “Family Planning is a
Human right”
Purpose of World Population Day
i. It aims to spread awareness on issues
such as overpopulation, under-population
and birth control.
ii. UNFPA website called for government to
“fulfill their commitments to ensure
universal access to sexual and reproductive
health care” and published the message as
agreed at the 1994 international conference
on population to celebrate the World Population Day.ss

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