9-10 February 2018 Current Affairs

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10 Feb, 2018

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1) 2018 Winter Olympics started with a grand opening ceremony on 9 February 2018 in which South Korean city? – PyeongChang

Explanation: The 2018 Winter Olympics (officially known as the XXIII Olympic Winter Games) were started from 9 February 2018 in South Korean city of PyeongChang. The Games were inaugurated with a grand opening ceremony held at the PyeongChang Olympic Stadium. The Games will conclude on 25 February 2018.

Nearly 3000 athletes from 92 countries are participating in these Games that will witness 102 events from 7 sports. The motto of these Games is Passion. Connected

Some important developments associated with these Games are – the joint participation of North and South Koreas, the participation of Russian athletes in the wake of doping scandals and the extreme cold caused due to icy Siberian winds blowing through the PyeongChang county.

Russia as a nation is not present after the International Olympic Committee (IOC) instigated a ban in the wake of the McLaren report into state-sponsored doping, including at the 2014 Winter Olympics in Sochi. Instead, 168 Russian athletes who were able to prove their clean credentials were invited by the IOC to compete as individuals.

PyeongChang was awarded the Games in July 2011.

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2) Which state topped the NITI Aayog’s national health index report titled ‘Healthy States, Progressive India’ that was released on 9 February 2018? – Kerala

Explanation: Kerala continues to top the health index among large states in terms of overall health performance while Uttar Pradesh stays at the bottom. This was disclosed in the report titled ‘Healthy States, Progressive India’ released by the NITI Aayog on 9 February 2018.

Kerala was followed by Punjab, Tamil Nadu and Gujarat. Apart from Uttar Pradesh, Rajasthan, Bihar and Odisha were among those that performed poorly on the index.

According to the report, “in the reference year (2015-16), among the larger states, the index scope for overall performances ranged widely between 33.69 in Uttar Pradesh to 76.55 in Kerala”.

In terms of annual incremental performance, Jharkhand, Jammu & Kashmir and Uttar Pradesh are the top three states. These three states showed the maximum gains in indicators such as Neonatal Mortality Rate (NMR), Under-five Mortality Rate (U5MR), full immunization coverage, and institutional deliveries.

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3) The Reserve Bank of India (RBI) on 7 February 2018 disclosed that it will link the base rate for loans with the marginal cost of funds-based lending rate (MCLR). What is the effective date for this linking? – 1 April 2018

Explanation: The linking of base rate for loans with the marginal cost of funds-based lending rate (MCLR) will come into effect from 1 April 2018. This is expected to improve monetary policy transmission and is also likely to narrow the gap between the base rate and MCLR.

The MCLR is more sensitive to monetary policy transmission and is closely linked to the actual deposit rates. MCLR is calculated on the basis of incremental cost of funds, making it a more reliable benchmark rate as compared to the base rate, usually calculated by taking into account average cost of funds.

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4) What is India’s rank in the 6th edition of International Intellectual Property (IIP) Index that was released by the US Chambers of Commerce on 8 February 2018? – 44th (Out of 50 countries)

Explanation: India has increased substantially its score in the latest International Intellectual Property (IIP) index from 25% (8.75 out of 35) in the 5th edition of the Index (2017) to 30% (12.03 out of 40) in the 6th edition that was released by the US Chambers of Commerce on 8 February 2018. But despite this improvement, India continues to remain towards the bottom of the ladder. It now ranks 44 out of 50 countries. Last year, India ranked 43rd out of 45 countries in the index.

IIP is an annual report prepared by the Global Innovation Policy Center (GIPC) of the US Chambers of Commerce. The report analyses the intellectual property (IP) climate in 50 world economies based on 40 unique indicators that benchmark activity critical to innovation development surrounding patent, trademark, copyright, and trade secrets protection.

The US tops the latest list with 37.98 points, followed by United Kingdom (37.97) and Sweden (37.03).

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5) Who was appointed as the first-ever independent female director of the International Cricket Council (ICC), as was announced by the ICC on 9 February 2018? – Indra Nooyi

Explanation: Indra Nooyi, the India-born PepsiCo Chairman and CEO, was on 9 February 2018 appointed as ICC’s first independent female director.

The introduction of an Independent Director, who must be female, was approved by the ICC Full Council in June 2017 as part of wide ranging constitutional change aimed at improving the global governance of the sport.

Nooyi will have tenure of two-years although she may be re-appointed for two further terms with a maximum six-year consecutive period of service.

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The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.

Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

Know about Sepp Blatter!

Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.

 


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