Daily Current Affairs (English) - 16.06.2018
Indian Chess Grandmaster withdraws from competition
- Indian Grandmaster Soumya Swaminathan has withdrawn from the Asian Team Chess Championship to be held in Hamadan, Iran due to its hijab policy.
- According to country’s hijab policy, women are required to cover their head in public places, including at a sporting event.
- Previously, Indian pistol shooter Heena Sidhu had boycotted sporting championships due to the hijab law.
Indian-American woman, Dhivya: 1st Female CFO at GM
An Indian-American woman, Dhivya Suryadevara has been named the Chief Finance Officer (CFO) of the US’ largest automaker, General Motors (GM). Dhivya Suryadevara, currently the vice president of corporate finance, will succeed Chuck Stevens, the GM’s present CFO, on September 1, the company said in a statement.
- Dhivya Suryadevara has been named the chief financial officer of the United States’ largest automaker, General Motors.
- Dhivya will report to chief executive officer (CEO) Mary Barra who is also the first woman in the auto industry.
- Suryadevara earned her bachelor’s and master’s degrees in commerce from the University of Madras in Chennai, India.
Softbank to invest $100 bn in India
- SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India.
- The company is expected to make the investment through a fund backed by Saudi Arabia’s government.
- SoftBank through its Vision Fund would invest in creating the world’s biggest solar power project in Saudi Arabia.
Composite Water Management Index out
- NITI Aayog has released a Composite Water Management Index (CWMI) of Indian states comprising 9 broad sectors with 28 different indicators covering various aspects.
- Gujarat topped the list while Jharkhand has been adjudged as the worst performer.
- Madhya Pradesh, Andhra Pradesh, Karnataka and Maharashtra have been placed after Gujarat respectively.
Smriti Mandhana to become first Indian to play in England’s Kia Super League
- India Women’s Cricket team opener Smriti Mandhana will become the first Indian player to appear in Kia Super League – the women’s cricket super league in England.
- Smriti was signed by Western Storm and will represent them in the upcoming edition of the tournament that features six teams.
- The 21-year-old India opener has scored over 826 runs with the highest score of 76 in the 40 T20Is that she has played so far.
Georgia’s prime minister resigns after mass protests
- Giorgi Kvirikashvili, prime minister of Georgia, has announced his resignation amid a disagreement with Bidzina Ivanishvili, the leader of the ruling party.
- Kvirikashvili, 50, has been the country’s prime minister since 2015.
- The prime minister’s resignation comes amid growing popular discontent over his government’s handling of the economy and after mass protests in recent months.
- Georgia’s Capitalis Tbilisi and currency is Georgian Lari.
New Telecom Policy by July
- Communications minister Manoj Sinha has announced that new telecom policy is likely to be in place by July 2018.
- The government on May 1 had released the draft National Telecom Policy 2018 aiming to attract investment of $100 billion (roughly Rs. 6.7 lakh crores) in the Digital Communications sector.
- Govt. also aims to reform the licencing and regulatory regime to promote ease of business.
PhonePe ties up with Ola
- Flipkart-owned digital payments firm PhonePe has tied up with homegrown cab aggregator Ola.
- Now, users will be able to book a cab or an auto using a micro-app built on its payments platform.
- The company has gone live with three such micro-apps, including that of redBus and Metro services, and plans to go live with 5 to 10 more in the ongoing quarter.
Pinaka rocket turned into guided missile
- The indigenous Pinaka rocket system of the Defence Research and Development Organisation (DRDO) is being evolved into a precision-guided missile.
- Pinaka rocket system is known for firing a salvo of 12 rockets in just 44 seconds, with enhanced range and accuracy to hit its targets.
- The rocket has been developed by the Armament cluster of the DRDO.
India, US to hold trade talks
- India and the US have agreed to hold official-level comprehensive talks to address trade and economic issues.
- This development comes as crucial after President Donald Trump accused New Delhi of charging 100 per cent tariff on some of the US’ goods.
- The meeting was held in this regard between Commerce and Industry Minister Suresh Prabhu had with US Commerce Secretary Wilbur Ross.