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17 May Current Affairs
Bharat Inclusive Initiative has been instigated by IIM-Ahmedabad
- IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has started Bharat Inclusion Initiative to catalyze innovation and entrepreneurial activity.
- The objective of the initiative is to raise $25 million in next 3-4 years in order to support transformative start-ups.
- As of now, Bharat Inclusive Initiative, has received a funding commitment of $12.5 million from the Bill & Melinda Gates Foundation, the Michael & Susan Dell Foundation, and Omidyar Network.
ICC has appointed Shashank Manohar as its Chairman for second term
- International Cricket Council (ICC) has designated former BCCI president Shashank Manohar, as its independent chairman for a period of two years.
- He was elected unopposed by the governing body’s Board.
- He was first appointed as ICC Chairman in 2016.
Related Points ICC
- Establishment – 1909
- Headquarters: Dubai, United Arab Emirates
- CEO: Dave Richardson
IMF affirmed India as the fastest growing economy @ 7.4% in 2018
- The International Monetary Fund (IMF) has publicized in its Asia and Pacific Regional Economic Outlook report, that, India will be the fastest growing major economy in 2018, with a growth rate of 7.4%, which will mount to 7.8% in 2019 as it has recovered from the effects of demonetization and the introduction of the Goods and Services Tax.
- The report also stated that consumer price ascended to 3.6% in 2017 and projected it to be 5% in 2018 and 2019.
Related Points IMF
- Establishment – 1945
- Headquarters – Washington, D.C., US
- CEO – Christine Lagarde
India has funded NRs. 18.07 crore to Nepal for river training & construction of embankments
- India has released a amount of (Nepalese Rupees) 18.07 crore to Nepal for river training and construction of embankments along Lalbakeya, Bagmati and Kamla rivers.
- The objective behind the river training and embankment works is flood control and water resources management benefitting people living in the watershed of these rivers in India and Nepal.
- Since 2008 the Government of India has given NRs. 4.68 billion to Nepal for the river training and embankment works.
Related Points Nepal
- Capital – Kathmandu
- Currency – Nepalese rupee
- President – Bidhya Devi Bhandari
- Prime Minister – Khadga Prasad Oli
NTPC inked MoU with Bihar Govt to enhance state’s power sector
- A Memorandum of Understanding (MoU) has been signed between Indian Govt’s Maharatna Company, National Thermal Power Corporation (NTPC) and Government of Bihar in order to improve the power sector of state.
- As per MoU, Bihar’s Barauni Thermal Power Station (720 MW), Kanti Bijlee Utpadan Nigam Limited (KBUN) & Nabinagar Power Generating Company (Pvt.) Limited (NPGC) will be tranferred to NTPC.
- This transfer will result in the optimal & efficient utilization of power and reduction in tariff.
Related Points Bihar
- Chief Minister – Nitish Kumar
- Capital – Patna
Maiden International Rail Coach Expo held in Chennai
- The first international rail coach expo displaying rail coaches and train-sets has been venued at Chennai, Tamil Nadu.
- The aim of the expo is to bring rail car and equipment manufacturers and suppliers under one roof to showcase their technology and products.
- The expo is being hosted by the Integral Coach Factory, popularly known as the ICF, under the Ministry of Railways, in coordination with the CII (Confederation of Indian Industries) and RITES Ltd, a PSU under the Ministry of Railways.
- More than 100 participants from 10 countries participated in the expo.
Related Points Tamil Nadu
- Chief Minister – Edappadi K. Palaniswami
- Capital – Chennai
A new frog species “Microhyla Kodial” discovered in coastal Karnataka
- A newly discovered frog species “Microhyla Kodial”, a narrow-mouthed frog, hailed from a small industrial region in coastal Karnataka.
- It is the 42nd species belonging to the genus Microhyla recorded from south Asia.
- The discovery has been mentioned in international journal Zootaxa by a team of Indian scientists.
- Size – 2 cm long
- Colour – Greyish-Brown
- It has thick olive-green band on its head, less-prominent dark green bands on the rest of its body
REPLACE campaign has been launched by WHO to eliminate trans-fat in foods by 2023
- REPLACE aka Review, Promote, Legislate, Assess, Create awareness and Enforce is a campaign initiated by World Health Organization (WHO) to eliminate industrially-produced artificial trans-fats from global food supply by 2023.
Six areas of action include:
- Review dietary sources of industrially produced trans-fats and landscape for required policy change.
- Promote replacement of industrially produced trans-fats with healthier fats and oils.
- Legislate or enact regulatory actions to eliminate industrially produced trans-fat.
- Assess and monitor trans-fat content in the food supply and changes in trans-fat consumption in the population.
- Create awareness of the negative health impact of trans-fat among policy makers, producers, suppliers and the public.
- Enforce compliance with policies and regulations.
President launched integrated centre for crisis management at BARC
- President Ram Nath Kovind inaugurated an integrated centre for crisis management (ICCM) at the iconic Bhabha Atomic Research Centre in Mumbai.
- The centre will back the nation during chemical, biological, radiological and nuclear emergencies.
- The new facility will monitor radiological data from a network of 504 radiation sensors across the country.
- Metal fuel pin fabrication facility jointly developed by BARC and the Indira Gandhi Centre for Atomic Research at Kalpakkam, near Chennai.
- A facility to develop high-power electron beam melting furnace for nuclear and strategic applications in Hyderabad.
- An integrated enriched boron tri-fluoride gas generation facility in Odisha for neutron detectors.
- A multi-leaf collimator system developed by BARC that will enable gamma radiation to be exposed only on cancer-affected organs.
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