GK & Current Affairs Quiz: February 24-25, 2018

Notes:
The 2018 SAARC Business Leaders’ Conclave will be held in Kathmandu, Nepal from March 16 to 18, with an objective to promote investment, innovation and entrepreneurship in the region. The bi-annual event of the SAARC Chamber of Commerce and Industry (SAARC-CCI) is going to be held in Nepal for the second time and the government is going to host the regional event jointly with SAARC-CCI. Former President of India, Pranab Mukherjee, has been invited to deliver a keynote speech in the conclave. Former president of Sri Lanka Chandrika Bandaranaike Kumaratunga has also been invited to address the meet. Top-notch business people from the region will be addressing the conclave. India has so far conducted this event three times, and Nepal and Sri Lanka have organised it once so far.

Notes:
Reigning Commonwealth Games champion Parupalli Kashyap has won men’s singles title at the 2018 Austrian Open International Challenge badminton tournament. He defeated Malaysia’s June Wei Cheam in straight games late last night to clinch his first international title in over three years. Kashyap looked in good touch throughout the tournament as he didn’t drop a single game en route to his title win.

Notes:
Aruna Budda Reddy, who hails from Hyderabad, has competed at the 2018 Gymnastics World Cup and created history after becoming the first Indian gymnast to win a medal in an individual event at the Gymnastics World Cup by claiming a bronze medal in the women’s individual vault event at Hisense Arena in Melbourne, Australia on February 24, 2018. Aruna scored 13.649 average points to finish third and claim the bronze medal at the Hisense Arena. Tjasa Kysslef of Slovania took home the Gold, while Emily Whitehead of Australia won the Silver.

Notes:
On February 23, the Director General of National Archives of India (NAI) – Pritam Singh launched a Book reading series -“Archives Reads” in New Delhi to showcase importance of archival records. This Book Reading Series commenced with the book titled “Hari Singh Nalwa: Champion of the Khalsaji – 1791-1837” authored by Dr. Vanit Nalwa, a senior consultant Psychologist. This book chronicles the life and times of Sardar Hari Singh Nalwa, one of the great pillars of Maharaja Ranjit Singh’s empire. Hari Singh Nalwa was the commander-in-chief of the Sikh army along its border with Afghanistan.

Notes:
The Government of India (GoI) and the Asian Development Bank (ADB) have signed a $84 million loan for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar. This is the second tranche of ADB’s $200 million Multi-tranche Financing Facility (MFF) for Bihar Urban Development Investment Programme, which was approved in 2012. The Project 2 will improve access to better quality and sustainable water supply, for the people of Bhagalpur and Gaya towns. It will also promote better water management practices that will result in a citywide coverage with 24-hour uninterrupted supply of treated water of 135 litres per capita per day in both cities. The loan will have a 25-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADB’s lending facility based on the London Interbank Offered Rate (LIBOR), and a commitment charge of 0.15% per year.

Notes:
The Reserve Bank of India (RBI) has launched Ombudsman Scheme for redressal of complaints against the Non-Banking Financial Companies (NBFCs). The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the scheme. The scheme will cover all deposit-taking NBFCs, and based on the experience gained. The scheme will initially cover all deposit-taking NBFCs, and will subsequently include companies with asset size of Rs 100 crore and above with customer interface. Additionally, the mechanism will provide an option to the NBFC in question to appeal against the decision of the Ombudsman before the appellate authority. The NBFC Ombudsman will have offices in four cities – New Delhi, Mumbai, Chennai, and Kolkata – and will handle complaints of customers in the respective zones.

Notes:
The 4th edition of Economic Times – Global Business Summit (ET-GBS 2018) was held in New Delhi with theme “New Economy – New Rules” on February 23-24. The GBS is a flagship initiative of the Times Group that envisions to bring together visionaries, thought leaders, heads of state, policy makers, academicians and corporate heads cohesively driving a singular agenda for Scripting Economic Change, by connecting the building blocks of Economics for India and the Globe. It is a platform with multitude of policy makers and industry leaders under one roof.

Notes:
The International Conference on Sustainable Biofuels (ICSB-2018) is jointly being organized by Department of Biotechnology, Govt. of India on behalf of Mission Innovation and Biofuture Platform in New Delhi from February 26-27, 2018. The 2-day event will bring together experts from Biofuels sector to take stock of current knowledge, share information and best practices, and build consensus on the actions most needed to move forward. Senior Government Officers, Technical Experts, Academicians, Researchers and Representatives from various Countries, Industry and Investors will participate in the event. The Sustainable Biofuel is one of the Seven Mission Innovation Challenges and India Co-leads this along with other countries Brazil, Canada and China. The conference will seek to a clear understanding of the development in bio-economy made by participating countries, increase awareness of policy makers about the challenges faced by the industry-investor for commercial scale up of advanced biofuels.

Notes:
Kunwar Bai (106), the brand ambassador of Swachch Bharat, has passed away at Raipur in Chhattisgarh on February 23, 2018. A resident of Kotabharri village in Dhamtari district, Kunwar Bai was in the national news as a mascot for Swachch Bharat campaign; she sold all her goats to construct a toilet at her home. Not only was she applauded by Prime Minister Narendra Modi, the PM also touched her feet and felicitated her during a public meeting in Rajnandgaon in February 2016.

Notes:
Neelabh Mishra (57), the Veteran journalist and editor-in-chief of Delhi-based National Herald, has passed away in Chennai Hospital. In 2016, he steered the re-launch of National Herald, the newspaper founded by India’s first prime minister Jawaharlal Nehru in 1938, as a digital news website. In 2017, Mishra relaunched the National Herald as Sunday newspaper, and then National Herald’s sister publications Navjivan and Qaumi Awaz as news websites.