Tina Malhotra is teaching live on Unacademy Plus
CURRENT AFFAIRS: MAY 20, 2018By tine malhoire
TURKEY 1. ORGANIZATION OF ISLAMIC COOPERATION -Turkey will host an emergency summit of the Organization of Islamic Cooperation (OIC) in Istanbul -invited his counterparts from five countries, Bangladesh, Morocco, Pakistan, Qatar and Algeria, to join the emergency summit 2. SUMMIT The OIC threatened any country considering a similar embassy relocation to Jerusalem, as well as Guatemala - reaffirming the centrality of the Palestinian cause.
INDIA-US 1. WORLD TRADE ORGANIZATION India has dragged the U.S. to the World Trade Organisation's (WTO) dispute settlement mechanism over the imposition of import duties on steel and aluminium 2. PROCEDURE FOR SETTLEMENT Seeking consultation is the first step of dispute settlement process. -If the two nations are not able to reach a mutually-agreed solution, then review is sought. 3. PROCLAMATIONS BY US Trump signed two proclamations that levied a 25% tariff on steel and a 10% tariff on aluminium imported from all countries except Canada and Mexico.
KISHAN GANGA HYDRO POWER 1. JAMMU AND KASHMIR Prime Minister Narendra Modi dedicated the state run NHPC Ltd's Kishanganga hydro power project in Jammu and Kashmir to the nation. 2. CONTROVERSY BEHIND THE PROJECT While Pakistan had challenged the project under the Indus Waters Treaty of 1960, the International Court of Arbitration at The Hague ruled in India's favour in 2013. 3. ABOUT INDUS WATER TREATY 4. will provide 13% free power to the state including 1% for local area development fund amounting to around Rs133 crore per year.
IT 1. CENTRE FOR ENERGY REGULATION The Indian Institute of Technology (IIT-K) has set up first of its kind Centre for Energy Regulation (CER) in the country to strengthen policy and regulatory limitations in energy and power sector. centre was set up with assistance of the UK Government 2. BENEFITS - innovative approach to engage with stakeholders in the power sector - online learning modules and tools develop a regulatory database
RUSSIA 1. FIRST FLOATING NUCLEAR POWER PLANT The world's first floating nuclear power plant is gearing up for its inaugural mission in the Russian Arctic. p ion in the Russian 2. THE AKADEMIK LOMONOSOV The Akademik Lomonosov is the first of what's expected to be a new generation of nuclear power plants designed to operate off-shore in hard-to- reach areas. The Akademik Lomonosov has no means of propelling itself, so it's reliant on other vessels to pu it from one place to another.
JAGRITI YATRA 1. AWARD IN UK -An Indian charity Jagriti Yatra, that organises 15-day train journeys around India to understand and build the India of smaller towns and villages through enterprise has won an award in London. -Jagriti Yatra was among a series of worldwide charities and individuals recognised for their impact within their communities at the Asian Voice Charity Awards, powered by due diligence platform Charity Clarity. 2. AIM OF THE YATRA 3. OTHER AWARDS -The Cleft Lip and Palate Association won the Charity of the Year award -Editor's Award for Community Service went to Sangat Advice Centre
l & B 1. APPOINTMENT OF SECREATRIES The Centre appointed senior IAS officers Amit Khare and Anup Wadhawan as secretaries in the Information and Broadcasting Ministry and the Commerce Ministry, respectively. 2. PETROLEUM MINISTER -MM Kutty has been named new petroleum secretary and senior bureaucrat Rina Ray the secretary in the Department of School Education and Literacy. -GC Murmu was appointed as special secretary revenue. -Atanu Chakraborty, a 1985-batch IAS officer of the Gujarat cadre, will be the secretary in the Department of Investment and Public Asset Management. He is at present director general of Hydrocarbons
SYMPOSIUM 1. VENTURE CAPITAL SYMPOSIUM 2018 -NITI Aayog, in association with Vision India Foundation, is organising the Venture Capital Symposium 2018 -AIM: to deepen the economic relationships between France and India. 2. EVENT The Venture Capital Symposium 2018 is a three day event where the French investors will be interacting with 100 early to mid-stage Indian start-ups 3. Four investor groups - Eren Group, Claranova, Olymp Capital and TNP 4. AIM OF THE VENTURE
WORLD BANK 1. INDIA ENERGY EFFICIENCY SCALE-UP PROGRAM The World Bank Board of Executive Directors approved a $220 million (Rs 1,496 crore) loan and an $80 million (Rs 544 crore) guarantee for the India Energy Efficiency Scale-Up Program. 2. IMPLEMENTATION -The Program, to be implemented by the Energy Efficiency Services Limited (EESL), will help scale up the deployment of energy saving measures in residential and public sectors. -The investments under the Program are expected to avoid lifetime greenhouse gas emissions of 170 million tonnes of CO2 and contribute to avoiding an estimated 10 GW of additional generation capacity.