Daily Current Affairs (English) - 09.04.2018

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Pradhan Mantri Matru Vandana Yojana (PMMVY)


  • The Ministry of Women and Child Development has made total payment of Rs. 271.66 crores to 11,47,386 beneficiaries under Pradhan Mantri Matru Vandana Yojana (PMMVY).
  • Pradhan Mantri Matritva Vandana Yojana (PMMVY) is a maternity benefit rechristened from erstwhile Indira Gandhi Matritva Sahyog Yojana (IGMSY).
  • The IGMSY was launched in 2010.The scheme is a conditional cash transfer scheme for pregnant and lactating women of 19 years of age or above for first two live births.
  • The scheme is a Centrally Sponsored Scheme under which cost sharing ratio between the Centre and the States & UTs with Legislature is 60:40 while for North-Eastern States & three Himalayan States; it is 90:10.
  • It is 100% Central assistance for Union Territories without Legislature.

World Health Day


http://www.iasexamcentre.com/community/images/WHO.jpgThe World Health Day is a global health awareness day celebrated every year on 7 April, under the sponsorship of the World Health Organization (WHO), as well as other related organizations.

  • In 1948, the WHO held the First World Health Assembly. The Assembly decided to celebrate 7 April of each year, with effect from 1950, as the World Health Day.
  • The World Health Day is held to mark WHO’s founding and is seen as an opportunity for the organization to draw worldwide attention to a subject of major importance to global health each year.
  • So in this 70th anniversary year, WHO is calling on world leaders to live up to the pledges they made when they agreed with the Sustainable Development Goals in 2015, and commit to concrete steps to advance the health of all people.
  • The theme of World Health Day 2018 is: Universal health coverage: everyone, everywhere.

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Indian Accounting Standards (Ind AS)


RBI has deferred the implementation of the Indian Accounting Standards (Ind AS) by one year as many banks are not prepared to migrate to the new accounting system. Ind AS or Indian Accounting Standards govern the accounting and recording of financial transactions as well as the presentation of statements such as profit and loss account and balance sheet of a company.

  • Ind AS has been evolved as a compromise formula that tries to harmonise Indian accounting rules with the IFRS.
  • The implementation of IndAS for public sector banks requires an amendment to the Banking Regulation Act. The schedule in BR Act relating to financial statement disclosures needs to be changed to the IndAS format.
  • Section 29 of the BR Act deals with the accounts and balance sheets of public sector banks. Private sector banks are covered by the Companies Act, which is based on the new accounting standards.

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UK’s 1st permanent Middle East military base


  • U.K. has opened its first permanent military base in the Middle East in more than 4 decades in the Persian Gulf country of Bahrain.
  • The £40m UK Naval Support facility ‘Jufair’ at Mina Salman will be staffed by up to 500 soldiers, sailors and airmen.
  • Both the countries hope that this base will increase military cooperation between the Royal Navy and its Bahraini counterpart.

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Japan activated its 1st marine unit since WW2


  • Japan has activated its 1st marine unit since 2nd World War to counter invaders from occupying Japanese islands.
  • The Amphibious Rapid Deployment Brigade is the latest component of a growing marine force that includes amphibious ships & assault vehicles.
  • After WW2, a clause was written into Japan’s constitution which stated that armed forces with potential to wage war would not be maintained.

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ICICI Bank gets Swift’s new payment service


Global financial messaging cooperative Swift on 6t April said ICICI Bank has become its first Indian client to go live with an improved cross-border payments service. The announcement of the service, which Swift claimed as being more transparent, comes weeks after the discovery of one of the largest banking frauds to be detected in Indian history, the Rs 130 billion Nirav Modi scam at the Punjab National Bank (PNB).

  • The Swift platform was allegedly used by erring officials of PNB to initiate messages based on which payments were made to Modi’s purported overseas suppliers.
  • The scam has led to a slew of changes, including a ban on the letters of undertaking (LoU), which can hurt importers.
  • “International trade is the backbone of globalization and an imperative for India to grow,” Swift’s head for the Indian subcontinent, Kiran Shetty, said in a statement. The statement said the newly launched service will help all the corporates in the country.

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Indo-Korean: SAHYOG-HYEOBLYEOG 2018


  • The Indo-Korean joint anti-piracy exercise ‘SAHYOG- HYEOBLYEOG 2018‘ was conducted on April 5, 2018, off the Chennai coast.
  • The exercise was reviewed by the Director General of Indian Coast Guard Rajendra Singh and Commissioner of Korean Coast Guard General Park Kyung.
  • This joint exercise is a part of a proposed establishment of a MoU between the Coast Guards of India and Korea to improve maritime security in the Indian Ocean Region.

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CWG 2018: Deepak Lather wins weightlifting bronze


  • India’s Deepak Lather won bronze in the men’s 69 kg category on the second day of the 2018 Commonwealth Games. He lifted a total of 295 kg (136 kg in snatch and 159 kg in clean and jerk) to take India’s medal tally to four at the Gold Coast.
  • Lather’s third attempt in snatch – of a 138 kg lift – was unsuccessful, because of which he stood second in the points table behind Sri Lanka’s Indika C. Dissanayake Mudiyanselage.
  • In clean and jerk, Lather attempted a lift of 159 kg in his second attempt — four kilos more than his first — which was successful, and also gave him a new personal best. His previous best was 157 kg.

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Rajasthan’s Mukundara forest gets a tiger after decades


  • Decades after all tigers had disappeared from this forest, Rajasthan’s Mukundara Hills National Park (MHNP) near Kota received a big cat on April 03 after it was relocated from Ranthambore.
  • The male tiger, RT-91, was released in a 28-hectare enclosure in Darrah range of MHNP at 12.48pm by the state wildlife and forest department.
  • The tiger, popularly known as Mirza, was honey trapped and tranquilized in Ramgarh Sanctuary (Bundi), close to Ranthambore, by the wildlife department. It was taken safely to MHNP by road. With this, Rajasthan can boast of having tigers in all three of its tiger reserves.