19 January 2018 Current Affairs

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19 Jan, 2018

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1) According to a notification issued by the Union Road Transport Ministry on 17 January 2018 all taxis, buses and public transport vehicles will have to install location tracking device or GPS and an alert button mandatorily from which date? – 1 April 2018

Explanation: All taxis, buses and public transport vehicles (barring three-wheelers and e-rickshaws), will have to install location tracking device or GPS and an alert button mandatorily from 1 April 2018. This notification deadline was issued by the Union Road Transport Ministry on 17 January.

Though initially the ministry had proposed mandatory installation of CCTV cameras in buses having more than 23 seats, the proposal was dropped due to privacy concerns. While the GPS system gives the location tracking of the vehicle to anyone tracking it, the alert button, if pressed, alerts both the transport department and police control rooms for taking any necessary action.

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2) During January 2018 which state became the first in India to come out with a public cloud policy virtually mandating its departments to shift their data storage onto the cloud? – Maharashtra

Explanation: Maharashtra government on 17 January 2018 unveiled its public cloud policy and thus became the first state in India to do so. This policy will allow all government departments to have access to public cloud.

According to the announcement made by Maharashtra Chief Minister Devendra Fadnavis at the Maharashtra Technology Summit, the state government has created a US$ 2 billion opportunity for the cloud industry. State government is expected to empanel five to six top cloud service providers like Amazon or Microsoft for availing this facility.

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3) Which banking entity on 18 January 2018 became the third Indian company to cross Rs. 5 trillion market capitalization? – HDFC Bank

Explanation: India’s most-valued bank HDFC Bank Ltd on 18 January 2018 crossed Rs. 5 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone.

HDFC Bank’s share price touched a fresh record high of Rs. 1,938.40 on 18 January on the BSE, up 2.5% from its previous close with a market cap of Rs. 5.02 trillion. With this HDFC Bank also became the first-ever banking entity to cross the Rs. 5 trillion market capitalization mark in India.

Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL) are the other two companies which crossed market capitalisation of Rs. 5 trillion. RIL remained the most-valued company with a market cap of Rs. 5.86 trillion, followed by TCS with a market cap of Rs. 5.46 trillion.

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4) During January 2018 which corporate entity became India’s eighth company to cross Rs. 3 trillion market capitalization? – Hindustan Unilever Ltd.

Explanation: India’s largest packaged consumer products firm by sales, Hindustan Unilever Ltd (HUL) on 16 January 2018 became the country’s eighth company to cross Rs. 3 trillion market capitalisation. In intraday, the HUL stock touched a fresh record high of Rs. 1,388.45 on the BSE with the market capitalization hitting Rs. 3.01 trillion.

Earlier, seven companies have crossed this landmark-Reliance Industries Ltd (RIL), Tata Consultancy Services Ltd (TCS), HDFC Bank Ltd, ITC Ltd, Maruti Suzuki India Ltd, Housing Development Finance Co. Ltd and Oil & Natural Gas Corp. Ltd.

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5) Who was appointed as the Managing Director and Chief Executive Officer (CEO) of NCDEX, the leading commodity bourse, on 18 January 2018? – Vijay Kumar Venkataraman

Explanation: Vijay Kumar Venkataraman was on 18 January 2018 appointed as the new Managing Director and Chief Executive Officer (CEO) of leading agri-commodity exchange NCDEX. His appointed for 3 years was announced by NCDEX Chairman Nabi Narayan Das. Kumar will replace Samir Shah, who was holding the post for over four years.

Kumar is an agro-industry veteran who has worked for companies like National Bulk Handling Corporation, Cargill, Reliance Industries, Arthur Andersen, ITC Ltd, Britannia and Sharp Group. He had also worked at NCDEX as Chief Business Officer between June 2009 and September 2014.

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