23 January 2018 Current Affairs

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Sri Lanka bans import of non-airbag equipped vehicles from July 1

Sri Lanka restricted the import of the vehicles which do not carry airbags for driver and front seat passenger, Anti-Locking Braking System standards (ABS) and three-point seat belts for driver and passengers traveling front and rear seats. This decision after considering the representations made by motor vehicle importers and manufacturers for a lead time to make required adjustments to comply with the proposed emission standards and safety measures.


India, 5th Most Attractive Market for Investments: PwC Survey

India has emerged as the fifth most attractive market for investments and the optimism over global economic growth is at a record level, as per the survey of CEOs by global consultancy PwC. The US remains the top spot for global investment. Around 46% of global CEOs consider the US as one of the three most important countries for growth, followed by China (33%) and Germany (20%) at second and third places, respectively. India (9%) bumps Japan (8%) as the fifth most attractive market in 2018.


First International Dam Safety Conference held in Thiruvananthapuram

The first International Dam Safety Conference-2018 was held in Kovalam, Thiruvananthapuram (Kerala) from January 23-24, 2018. It was inaugurated by Kerala Chief Minister Pinarayi Vijayan and was presided over by Union Minister of State for Water Resources Arjun Ram Meghwal.


India to grow at 7.4% in 2018: IMF

According to the International Monetary Fund (IMF), India is projected to grow at 7.4% in 2018 as against China’s 6.8%, making it the fastest growing country among the emerging economies. Due to demonetization and implementation of the Goods and Services Tax (GST), India’s economy slowed down a little bit to 6.7% in 2016. In 2017, India’s growth rate dropped to 6.7%. In its latest World Economic Outlook update released in Davos, Switzerland on the sidelines of the World Economic Forum, the IMF projected a 7.8% growth rate for India in 2019.


Hugh Masekela, ‘Father of South African Jazz’ passes away

Trumpeter, composer and singer Hugh Masekela, affectionately known as the ‘father of South African jazz’, has died after a long battle with prostate cancer. He was 78. In a career spanning more than five decades, Masekela gained international recognition with his distinctive Afro-Jazz sound. He opened the 2010 FIFA World Cup Kick-Off Concert and performed at the event’s opening ceremony in Johannesburg Soccer City stadium.


Scientist S. Somanath takes charge as Director of Vikram Sarabhai Space Centre

Noted scientist S Somanath took charge as Director of Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram, Kerala. He succeeded K Sivan, who was recently appointed as Chairman of ISRO. Prior to his elevation, he was Director of Liquid Propulsion Systems Centre (LPSC), the lead centre responsible for liquid engines and stages for all launch vehicles and satellite programs of ISRO.


Shuttler Siddharth Singh wins Swedish Open Junior Badminton Title

Young Indian shuttler Siddharth Pratap Singh secured his maiden international title, bagging the Swedish Open Junior International Series with a straight-game victory over Denmark’s Mads Christophersen in the finals in Uppsala in Sweden. Playing his first career final, Siddharth defeated Christophersen in a 33-minute match to claim the men’s singles title.


48th World Economic Forum annual meet begins in Davos

The 48th annual meeting of the World Economic Forum (WEF) began on January 23, 2018 in Davos, Switzerland with the theme ‘Creating a Shared Future in a Fractured World’. WEF Founder and Executive Chairman Klaus Schwab declared the summit open amid the ski-resort receiving record snowfall. Schwab welcomed members from business, politics, academia and media as well as the first timers with a round of applause. The summit would witness participation from over 3,000 world leaders, business patrons, academicians, philanthropists and politicians from across the world.


 

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