Current Affairs Daily Updates: 07 April 2018

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Current Affairs Daily Updates: 07 April 2018
1. Turkey hosts Critical Summit on Syria War with Russia and Iran
The presidents of Iran, Turkey, and Russia met for their second tripartite summit in under six months, aiming to speed the peace process for Syria and bolster their influence in the country. Turkish President Recep Tayyip Erdogan hosted his Russian and Iranian counterparts Vladimir Putin and Hassan Rouhani in Ankara for a meeting that could have a critical bearing on developments in Syria. The meeting will be the second such tripartite summit after the first was hosted by Putin in November in the Black Sea city of Sochi.

2. 7 April: World Health Day
The World Health Day is a global health awareness day organized globally on 7th April. With an aim to spread awareness about health and well being, the first-ever World Health Day was observed in 1948 by the WHO. The theme of World Health Day is: Universal health coverage: everyone, everywhere. The slogan is “Health for All”.

3. Panel set up to examine tax evasion risks posed by super rich
The Central Board of Direct Taxes (CBDT) has set up an internal working group to examine the taxation aspects of high net worth individuals (HNWIs). The group has been set up to ensure that individuals who pose a substantial tax risk pay their dues.

4. Qatar to allow women to volunteer for national service
Qatar would be introducing national service for women for the first time with immediate effect, under a new law issued by the Gulf nation’s Emir Sheikh Tamim bin Hamad Al Thani. Women aged over 18 will now be able to volunteer for national service under the law, men will have to serve for a year instead of three months.

5. RBI bars banks from crypto services
RBI directed all regulated entities including banks not to provide services to businesses dealing in virtual currencies like bitcoins, so as to protect consumers and check money laundering. The RBI asked entities, which are already into such services to stop providing this kind of services within three months. The RBI has directed all payment system operators to store all data within India.

6. FIEO and PayPal signed MoU
Digital payments company PayPal and the Federation of Indian Export Organisations (FIEO) signed an agreement for the promotion of outbound shipments among small and medium enterprises (SMEs) leveraging the partners' expertise and technology products. As part of the agreement, PayPal will work with FIEO to educate SMEs on how to leverage global opportunities help them receive money in a safe and timely manner with PayPal products. FIEO contributes to more than 70% of India's exports.

7. Uttarakhand second Mega Food Park inaugurated at Udham Singh Nagar
Uttarakhand’s second Mega Food Park- Himalayan Mega Food Park Private Ltd inaugurated at Mahuakhera Ganj in Kashipur in Udham Singh Nagar district. It was inaugurated by Union Food Processing Industries Minister Harsimrat Kaur Badal. The first Mega Food Park in the state is located at Haridwar. The mega food park was set up in the area of 50.14 acres at a cost of Rs 99.96 crore. It has central processing center (CPC).
8. Indian women hockey team won aganist Malaysia in Gold Coast Commonwealth Games
The Indian women's hockey team registered a comprehensive victory over Malaysia by 4-1 in their second match of Pool A. This was the first win of the Indian team at the Gold Coast 2018 XXI Commonwealth Games campaign.

9. Weighlifter Sathish Sivalingam bring India's third gold medal
Wighlifter  Sathish Sivalingam won a gold medal in the 77 kg category. Its a third gold medal for India so far after Mirabai Chanu and Sanjita Chanu in the opening two days in the weighlifting category. After three attempts, he managed to lift a total of 144 kg in the snatch and 179 kg in the clean and jerk in second attempt. He defeated his contender, Jack Oliver of England by 5 kg and secured the CWG title he won four years back in Glasgow. 

10. RBI Revises Limits For Investment In Debt Instruments By FPI
The Reserve Bank of India has revised the limits on investment in debt instruments by foreign portfolio investors (FPI). The revision comes into effect immediately. And, the revision is done in consultation with the Government of India.
a) The limit for FPI investment in Central Government securities (G-secs) is 5.5% for 2018-2019
b) The limit for FPI investment in state development loans (SDLs) is 2%
c) The overall limit for FPI investment in corporate bonds is 9%
d) The allocation of increase in G-sec limit over the two sub-categories – ‘general’ and ‘long-term’ – 50:50.
11. NCBS Team Wins Award From American Society Of Naturalists
A team of evolutionary biologists from city-based National Centre for Biological Sciences (NCBS) have been awarded the 2018 Presidential Award from the American Society of Naturalists (ASN). This is the first time researchers in Asia have been presented with the award. ASN was founded in 1883 to study evolution, ecology and animal behaviour, the presidential award was started in 1984.

12. Centre, Maharashtra Govt & World Bank sign USD 420 million project
The union govt. & Maharashtra Govt. and the World Bank have signed a USD 420 million project to help small and marginals farmers in the Marathwada and Vidarbha region of the state. The project will help in increasing climate resilient practices in agriculture and ensuring that farming continues to remain a financially viable activity for them. The project will take up a series of activities at the farm and watershed level.

13. Khadi Store Locator App launched
The Minister of State for Micro, Small and Medium Enterprises (MSME), Giriraj Singh has launched a mobile application for locating 4000 Khadi stores in India. This was informed by Vinai Kumar Saxena, Chairman KVIC in the the 9th National Board of Khadi and Village Industries Commission (KVIC) held in New Delhi. There are more than 8000 khadi stores in India. The location of rest of the stores will also be available on this app by the end of April.

14. 1st Van Dhan Vikas Kendra launched by Ministry of Tribal Affairs
Union Ministry of Tribal affairs has launched “Van Dhan Vikas Kendra” in Bijapur, Chhattisgarh. It has been established for providing skill improvement and capacity building training and value addition facility. This Kendra will have processing facility for making of Tamarind brick, storage facility of Mahua flower and cleaning and packaging of Chironji (Buchanania lanzan).
15. ICICI Bank 1st to get Swift’s new cross-border payment service:
Global financial messaging cooperative, SWIFT (Society for World Interbank Financial Telecommunication System platform) announced that ICICI Bank has become its first Indian client to go live with an improved cross-border payments service. SWIFT’s GPI tracker enables real-time payments tracking across correspondent banks and has a facility to track the payments instructions across the correspondent banks globally.

16. CBDT forms Working Group to assess tax risks of HNWIs migrating abroad
Central Board of Direct Taxes (CBDT) has constituted a five-member working group to examine the taxation aspects related to High Net Worth Individuals (HNWIs) who are migrating abroad to other jurisdictions. This Working Group will be headed by Pragya Sahay Saksena, a joint secretary with Foreign Tax & Tax Research Division of CBDT.

17. Mithali Raj Becomes Most Capped Player In Women’s ODIs
Indian women’s cricket team captain Mithali Raj has become the most capped player in women’s ODI cricket after turning out for the 192nd time against England. Raj, who is also the highest run-getter in WODIs, overtook former England captain Charlotte Edwards, who had appeared in 191 WODIs. Indian fast bowler Jhulan Goswami is the third-most capped WODI player.