Current Affairs Assam – June 2018
( Covers all important Assam Current Affairs & GK topics for the month of June 2018 )
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June 24
Indian Equity Market is a likely Outperformer: Morgan Stanley research report
According to Morgan Stanley research report, while improving growth and reasonable large cap valuations are expected to boost markets, rising oil prices and higher yields are expected to drag Indian Market.
The Indian equity market is likely to be an “outperformer” even as absolute returns are likely to be capped by a tepid global equity market outlook.
Morgan Stanley pegged the Sensex earnings growth at 5 percent, 23 percent and 24 percent for financial year 2017-2018, financial year 2018-2019 and financial year 2019-2020, respectively.
In the base case (50 percent probability), the S&P BSE Sensex to be around 36,000 points by June 2019.In the bull case (30 percent probability), the BSE Sensex may be at 44,000 points. The BSE Sensex is currently hovering around 35,600 points.
Narendra Modi inaugurates Delhi Metro‘s Mundka-Bahadurgarh section
Prime Minister Narendra Modi inaugurated the Delhi Metro’s Mundka-Bahadurgarh section and said his government’s priority is to build convenient, comfortable and affordable urban transport systems in cities.
The 11.2-km long fully-elevated Mundka-Bahadurgarh corridor is part of the Delhi Metro’s Green Line. The Mundka-Bahadurgarh stretch, with seven stations, would be an extension of the existing Green Line (standard-gauge tracks) from Inderlok to Mundka. Now, the entire Inderlok-Bahadurgarh section would become 26.33 km long. The Delhi Metro network will now expand to 288 km with 208 stations. This section will be Metro’s third line of connectivity to the neighbouring state of Haryana.
India’s R Praggnanandhaa becomes world’s 2nd youngest Chess Grand Master
India’s R Praggnanandhaa has become India’s youngest and the world’s second youngest Grand Master at the age of 12 years, 10 months and 13 days after reaching the final round of the ongoing Grendine Open in Italy.
The Chennai-based player was paired with Grand Master Prujjsers Roland in the final round, which ensured that he would achieve the feat.
After beating GM MoroniLicaJr in the eighth round, he needed to play an opponent above rating of 2482 in the next round to make his third GM norm.
In 2016, Praggnanandhaa became the youngest International Master at the age of 10 years, 10 months and 19 days.
Point2Remember -Ukraine’s Sergey Karjakin remains the youngest ever GM, having achieved the feat at the age of 12 years and seven months in 2002.
Researchers discover new antiviral gene
Recently a research study revealed that humans and other mammals possess an antiviral gene which is capable of stopping viruses from replicating.
A group of Researchers at Albert Einstein College of Medicine discovered the secret to the gene’s success. The research found that the compound, called ddhCTP, which disrupts the replication machinery of Zika virus.The compound is also capable of attacking many disease-causing viruses.
The current study reveals that viperin catalyzes the conversion of a nucleotide called CTP (cytidine triphosphate) into a structurally similar compound, or analog: the nucleotide ddhCTP, a previously undescribed molecule that sabotages viral replication.
Sahitya Akademi awards for two in State
The Sahitya Akademi announced the names of 21 winners of its Bal Sahitya Puraskar and 21 recipients of the Yuva Puraskar for this year.The Bal Puraskar awards will be conferred at a function on November 14, while the date for conferring the Yuva Puraskar awards has not been declared yet.
The award comprises a casket containing an engraved copper-plaque and a cheque of Rs 50,000 for both types of awards.
Poetry dominated the Yuva Puraskar awards this year. They have been declared for Samragnee Bandyopadhyay (Bengali), Esha Dadawala (Gujarati), AasteekVajpeyi (Hindi), Wilma Bantwal (Konkani), UmeshPaswan (Maithili), TongbramAmarjit Singh (Manipuri), JayadrathaSuna (Odia), Dushyant Joshi (Rajasthani), Muni Rajsundar Vijay (Sanskrit) and BalaSudhakarMouli (Telugu).
The awardees in the short stories category include Bipasha Bora (Assamese), PadmanabhaBhat (Kannada), DheebaNazir (Kashmiri), ChhudenKabimu (Nepali), Rani Murmu (Santali), Suneel Krishnan (Tamil), ShahnazRahman (Urdu).Awards for Bodo will be declared at a later date.
June 25
Indian Medical Association rejects Ayushman Bharat proposal
The Indian Medical Association (IMA) has rejected the Centre’s recently announced packages.Following an emergency meeting of the Association’s Action Committee, said the IMA is deeply concerned and rejects the rates fixed by the Central governments for various medical procedure in its ambitious National Health Protection Mission.
The Association of Healthcare Providers of India (AHPI) had also rejected the package rates on similar grounds.AHPI comprises of hospitals, insurance companies, diagnostic centres and pharma companies as its members.
IMA objections on package rates, fund allocation and insurance model remains unchanged. IMA has also listed out its demands for the scheme.At 15 per cent profit, crores of rupees will go into the hands of middle men, present healthcare delivery system would collapse if all stakeholders are not taken into confidence.
FACTFILE – Indian Medical Association (IMA)
- IMA is a national voluntary organisation of Doctors of Modern Scientific System of Medicine in India, which looks after the interest of doctors as well as the wellbeing of the community at large. It was established in 1928 as the All India Medical Association, renamed “Indian Medical Association” in 1930.
- It is a society registered under The Societies Act of India.With over 220,000 member doctors through more than 1,700 active local branches in 29 States and Union Territories in India, it is the largest association of physicians and medical students in India.
FACTFILE – Association of Healthcare Providers (India)
- It represents the majority of healthcare providers in India.
- It works as “not for profit” organization and advocates with the government, regulatory bodies and other stake holders on issues, which have bearing on enabling its member organizations to deliver appropriate healthcare services to community at large.
India seeks $2.4 billion funding from AIIB
India has sought project financing totaling $2.40 billion from the Asian Infrastructure Investment Bank (AIIB). Additionally the bank will invest $200 million in India’s National Investment and Infrastructure Fund (NIIF).
India has been the largest recipient of AIIB’s funds, with the proposed projects including; Amravati capital city development, rural roads, urban water supply and sewage management projects in Andhra Pradesh.
Other projects where AIIB is financing are Mumbai metro line-4 and irrigation and flood management project in West Bengal.
FACTFILE – National Investment and Infrastructure Fund (NIIF)
- National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.
- NIIF was proposed to be set up as a Trust, to raise debt to invest in the equity of infrastructure finance companies such as Indian Rail Finance Corporation (IRFC) and National Housing Bank (NHB).
- The idea is that these infrastructure finance companies can then leverage this extra equity, manifold.
- NIIF is envisaged as a fund of funds with the ability to make direct investments as required. As a fund of fund it may invest in other SEBI registered funds.
- NIIF was set up in 2015 as an investment vehicle for funding commercially viable Greenfield, Brownfield and stalled projects in the infrastructure sector.
FACTFILE – TheAsian Infrastructure Investment Bank (AIIB)
- AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.
- The bank currently has 64 member states while another 22 are prospective members for a total of 86 approved members and was proposed as an initiative by the government of China.
- The initiative gained support from 37 regional and 20 non-regional Prospective Founding Members (PFM), all of which have signed the Articles of Agreement that form the legal basis for the bank.
- The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.
- Headquarters at Beijing
International Space Station (ISS) launches Remove Debris mission
International Space Station (ISS) has started to clear space junk using harpoons, guide sails and dragnets, called it Remove Debris mission, with its experiments in low-Earth orbit (LEO).
Remove Debris is the first time attempt to actively clear space debris from LEO, which is about 160 to 2,000 km above Earth surface.
The ISS has used its 17-metre-long robotic Canadarm2 to release the Remove Debris to start its mission. This is the largest payload that the ISS has launched till now.The mission was put together by scientists and engineers at the University of Surrey.
NASA estimates that there are at least 500,000 pieces of junk up there and about 20,000 that is about the size of a softball, or bigger than a cricket ball and travelling at over 28,000 km per hour, which is dangerous enough to obliterate satellites. At these high velocities, even millimeter sized flecks of paint can cause serious damage to objects in space.
ISO nods to rename Bengali script as Bengali/Assamese script
The London sitting of the International Organization for Standardization (ISO) Working Group-II discussed the possibilities of providing an independent slot for the Assamese script in the Unicode Consortium and agreed to rename the Unicodes attached to the Assamese script from its present Bengali script to Bangla/Assamese script.
It also decided to review this decision provided the Bureau of Indian Standard (BIS) sends a fresh recommendation for providing a separate slot for Assamese script in the Unicode.
The script of a language has been provided with an independent chart of Unicodes for its characters by the Unicode Standard Consortium. This allows the data to be transported through many digital platforms and devices. Till now, Assamese script does not have its own identity in the digital world and was using Bengali script for that purpose.
Asam Sahitya Sabha president Dr ParamanandaRajbongshi said the Indian representatives, which raised the issue before the Working Group-II, included Bureau of Indian Standard official Mani Kandan, DrRajbongshi, Asam Sahitya Sabha’s former president Dr Dhruvajyoti Bora, Prof SikharSarma of Information Technology Department, Gauhati University, and AMTRON Managing Director MK Yadav.
FACTFILE – The Unicode Consortium (Unicode Inc.)
- It is a non-profit organization that coordinates the development of the Unicode standard.
- Its stated goal is to eventually replace existing character encoding schemes with Unicode and its standard Unicode Transformation Format (UTF) schemes, contending that many of the alternative schemes are limited in size and scope, and are incompatible with multilingual environments.
- Unicode’s success at unifying character sets has led to its widespread use in the internationalization and localization of software.
- The standard has been implemented in many recent technologies, including XML, the Java programming language, Swift, and modern operating systems.
- Technical decisions relating to the Unicode Standard are made by the Unicode Technical Committee (UTC).
June 2018 – eBook Monthly PDF | June 2018 Quiz
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