The Hindu – August 14, 2018

//The Hindu – August 14, 2018

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The Hindu – August 14, 2018

27 Latest Current Affairs- The Hindu

Study daily 27 latest current affairs & news headlines in English.

1. India rejected a proposal by the UK to use DNA sampling to establish the nationality of illegal migrants living there citing “privacy issues.”

Although a Memorandum of Understanding on return of illegal migrants was initialled after due approval of the Union Cabinet in January by Minister of State for Home Kiren Rijiju, India refused to sign the final pact during the visit of Prime Minister Narendra Modi to U.K. in April.

As per the original MoU, security agencies in India were to verify the antecedents of illegal migrants without documents in the U.K. within 72 days and those with documents within 15 days.

27 Latest Current Affairs

2. The government on Monday dismissed Usha Ananthasubramanian, who was three months ago divested of her powers as MD and CEO Allahabad Bank, following the country’s biggest bank fraud allegedly carried out by diamond merchant Nirav Modi and associates at the Punjab National Bank (PNB).

3. Former Lok Sabha Speaker Somnath Chatterjee passed away on Monday morning. He was 89.

Somnath Chatterjee was a senior politician, an eminent lawyer, multiple times MP and former Lok Sabha Speaker.

As that of his political mentor Jyoti Basu, the body of veteran parliamentarian Somnath Chatterjee was donated to the State-run SSKM Hospital for medical research on Monday evening, hours after he passed away in a private health facility in the city. Ganadarpan, an NGO, facilitated the donation.

The eyes were donated to the Priyamvada Birla Aravinda Eye Hospital’s eye bank.

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4. The Supreme Court on Monday agreed to a proposal of the Ministry of Road Transport and Highways (MoRTH) to have hologram-based coloured stickers on vehicles to indicate the nature of the fuel used in them.

The MoRTH told a Bench led by Justice Madan B. Lokur that hologram-based sticker of light blue colour will be used for petrol and CNG-run vehicles while similar sticker of orange colour would be placed on diesel vehicles.

The date of registration of the vehicle would also be printed on these stickers, the Ministry told the court.

5. Portions of the environmental impact assessment (EIA) plan used to obtain permission for redevelopment of Nauroji Nagar, were plagiarised, an analysis by environment activists and researchers show. The Hindu has independently verified these documents.

The Nauroji Nagar project was among the projects awarded to NBCC, a public sector company, to set up residential and commercial buildings over 571 acres in south Delhi.

6. Three cities in Maharashtra — Pune, Navi Mumbai and Greater Mumbai — top the first Ease of Living Index brought out by the Union Ministry of Housing and Urban Affairs.

New Delhi is ranked 65 among 111 cities, while Chennai is in 14th place. Kolkata did not participate in the survey. The three cities at the bottom of the rankings are Rampur, Kohima and Patna. (27 Latest current affairs)

7. Arunachal Pradesh Chief Minister Pema Khandu on Monday inaugurated two mobile testing laboratories aimed at ensuring safe and potable water supply in rural areas. The labs, capable of onsite testing of different water quality parameters, are funded by the State’s Public Health Engineering Department. The testing units will also spread awareness about clean drinking water.

27 Latest Current Affairs

8. Junior Commissioned Officers (JCO) in the Indian military are gazetted officers, the Defence Ministry has clarified in an order issued on August 1.

The Ministry has instructed the three Services to issue suitable identity cards to the JCOs immediately in the order, the subject of which reads: “Issue of blue Securitised Laminated Identity Cards (SLIC) to JCOs and equivalent officer having been accorded gazetted officer status by an Act of Parliament.”

9. Karnataka on Monday blamed Tamil Nadu in the Supreme Court for “failing to maintain the quality in the Cauvery river.”

Karnataka submitted that the failure to conform to the prescribed standards was due to the non-point sources of pollution, which are over land flows of effluents into the river. “The Water (Prevention and Control of Pollution) Act of 1974 enacted by Parliament under Article 252(1) deal only with point sources of pollution. The State of Karnataka has fulfilled its obligation… there is no liability on the defendant State of Karnataka in law,” the affidavit said.

10. Most CEOs are grappling with one particular challenge, irrespective of industry or geography: getting the right leadership talent. Governments face this challenge too. The Indian government has responded to this challenge by taking the initiative to invite executives from beyond the ranks of the civil service to apply for certain Joint Secretary posts.

11. In a recent hearing on a public interest litigation in the Delhi High Court, the Delhi government said it was planning to ban e-cigarettes. If it follows through, the NCT will join States such as Karnataka and Maharashtra in the ban.

12. On Sunday, August 12, Samir Amin died. With him went a generation of Egyptian Marxists who came of age in the time of Nasserism and departed with the world in tatters. Amin was born in 1931 in Cairo. He was doing his PhD in Paris when Gamal Abdel Nasser and the Free Officers overthrew the British-dominated monarchy in Egypt in 1952 and directed their country towards a path of non-alignment.

Amin’s thesis — in economics — was written while he was active in the French Communist Party. In the thesis, he thought hard about the problems of his native land and other countries despoiled by the colonial menace.

He went home to Cairo, where he worked in Nasser’s Institute for Economic Management (1957-1960) and then to Bamako (Mali), where he worked as an adviser in the Ministry of Planning (1960-1963).

Amin’s first book, published in the 1960s, was on the experience of development undertaken by Mali, Guinea and Ghana.

In his most important book, Accumulation on a World Scale (1970), which propelled him into the front ranks of dependency theory, Amin showed how resources flowed from the countries of the periphery to enrich the countries of the core through a process that he called ‘imperialist rent’.

27 Latest Current Affairs

13. The Lok Sabha to-day [August 13, New Delhi] decided to refer to a Joint Select Committee the comprehensive Bill to amend and consolidate the law relating to patents. At the same time it passed another related Bill, the Indian Patents and Designs (Amendment) Bill, which seeks to replace an Ordinance issued last month providing for the postponement of consideration of the current applications before the Controller of Patents until the new comprehensive legislation is enacted.  (27 Latest current affairs)

14. At the Burma Resources Committee to-day [in Rangoon, on August 13], the chairman, Mr. J.P. Hardiman, Controller of Munitions, announced that the Tata Industrial Bank intended to open a branch in Burma as soon as possible, the date being governed by the difficulty at present of obtaining staff. A sub-committee was appointed to consider and report on the best methods of encouraging the trade in hides raw and tanned.

15. CONCEPTUAL
Stock cover

Business

Also known as inventory cover, this refers to the amount of time that the available supply of goods in a company’s inventory will last given the current rate of sales. Businesses which purchase and store goods in their inventory try to do so based on their forecast of the likely demand for these goods. A business with a low stock cover runs the risks of losing potential sales due to a stockout as it will not be able to meet customer demand properly. One with a high stock cover, on the other hand, may incur unnecessary storage and handling costs while also suffering lower return on capital as too much of its capital is tied up as inventory.

16. Veteran diplomat Thomas Abraham, who died at age 91 on August 12, 2018 in his ancestral home in the sea-board village of Kadapra, Kerala, was India’s High Commissioner in Sri Lanka from 1978 to 1982.

17. Besides Ms. Ananthasubramanian, the government has given sanction for prosecution of PNB executive director Sanjiv Sharan as part of the clean-up exercise in the system.

The RBI has also given sanction to prosecute Ms. Anathasubramanian and Mr. Sharan. It has also asked the government to prosecute former ED Ram S. Sangapure.

18. Prime Minister Narendra Modi’s Independence Day speech will be live-streamed on the Google homepage. Google had done a similar thing during Donald Trump’s inaugural address in January 2017.

When you go to Google search page and search for Independence Day, you will see live stream of the Prime Minister Narendra Modi’s Red Fort.

19. The next episode of friction between and Washington could be staged in Iran, where a top Chinese energy firm, defying latest U.S. sanctions, is likely to expand its stake in a giant Iranian gas field.

Iran’s state-run news agency IRNA has reported that China National Petroleum Corporation (CNPC), the world’s third-largest oil and gas firm, has replaced Total, the French energy giant, in the South Pars 11 project. “China National Petroleum Corp (CNPC) has replaced Total of France with an 80.1% stake in the phase 11 of the South Pars (gas field),” IRNA quoted Mohammad Mostafavi, director of investment of Iran’s state oil firm NIOC, as saying.

South Pars is the world’s single largest natural gas field, which is being developed in several phases. In 2017, Total acquired a 50.1% stake in the South Pars 11 project, following the 2015 sanctions-easing Iran nuclear deal. CNPC held a 30% stake, while the rest was allocated to Iran’s Petropars Ltd. But after its withdrawal from the Iran atomic deal in May, Washington gave foreign firms 90 to 180 days limit to scrap their businesses from Iran.

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20. North and South Korea agreed on Monday to hold a summit in the North in September, another step towards boosting cooperation between the old rivals, even as doubts grow over efforts to end the North’s nuclear weapons programme.

21. HDFC Bank will drop the post of deputy managing director — a position held since December 2013 by Paresh Sukthankar who decided to put in his papers on Friday.

22. The government on Monday issued a notification putting on hold the imposition of the safeguard duty on the import of solar cells from China and Malaysia following a stay order by the Orissa High Court.

The Centre had imposed a safeguard duty of 25% on solar cells imported from China and Malaysia for the period from July 30, 2018, to July 29, 2019, following which the duty was to be reduced to 20% for the next six months, and further to 15% in the six months following that. Several firms filed writ petitions in the Orissa High Court against the imposition of the duty.

23. Rafael Nadal held off a late surge from birthday boy Stefanos Tsitsipas to claim the 80th title of his career with victory at the Masters on Sunday in Toronto.

The win gave the 32-year-old Spaniard a record-extending 33rd trophy at the elite Masters level as well as his 80th title.

24. Seventeen-year-old R. Vaishali, elder sister of R. Praggnanandhaa, became a Woman Grandmaster, completing her final norm in the Riga Technical University Open chess tournament in Riga, Latvia on Sunday. Vaishali had acquired her second WGM norm at the Gredine Open (Italy) — the same tournament where her brother became a GM.

25. There may be hope for marine reefs to survive modern-day global warming, say scientists who have found that coral-algal partnerships have endured numerous climate change events since the age of dinosaurs.

The relationship between corals and the mutualistic micro-algae that enable them to build reefs is considerably older and more diverse than previously assumed, according to a study published in the journal Current Biology.

26. Scientists on Monday unveiled a previously unknown species of giant pterosaur, the first creatures with a backbone to fly under their own power. The species, identified through remains found in Utah, had a wing-span of 1.5 metres and 112 teeth, including fang-like spikes sticking out near the snout.

27. Abbreviations:

Ministry of Road Transport and Highways (MoRTH)
Securitised Laminated Identity Cards (SLIC)
PIL – Public Interest Litigation
Centre for Asian Philanthropy and Society (CAPS)

28. Things to remember:

Arunachal Pradesh Chief Minister Pema Khandu
West Bengal Governor Keshari Nath Tripathi

29. Improve your Vocabulary:

Plagiarize
(British plagiarise)
VERB
Meaning – Take (the work or an idea of someone else) and pass it off as one’s own.
Example – ‘he was fined $6,000 for having plagiarized the song’
Synonyms: copy, pass off as one’s own, infringe the copyright of, pirate, steal, poach, borrow, appropriate

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