The Hindu – September 03, 2018

//The Hindu – September 03, 2018

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The Hindu – September 03, 2018

Today’s National News in English

13 Latest Today’s National news in English/current affairs for all Competitive exams.  

Today's National News in English

1. The West Bengal government has launched a mobile blood donation camp in a red luxury bus. It moves from location to location, collecting blood and is described by health activists as “a major success” as the bus is often seen in the city collecting blood samples. The service is free of cost, a health activist said. ( Today’s National news in English)

2. The election of the eminent Pakistani cricketer, Imran Khan, as Prime Minister (albeit through a flawed election) has rekindled hopes among committed democrats in South Asia, especially India, that Pakistan is about to emerge into a new dawn. Also that it would bring to an end many of the travails that afflict India-Pakistan relations today.

3. A bunch of proposals amounting to about ₹46,000 crore approved by the Defence Acquisition Council is likely to boost defence cooperation with the U.S. Among the approvals is one for 24 Multi-Role Helicopters with anti-submarine warfare capability for the Indian Navy, expected to cost around $1.8 billion. Get latest  today’s National news in English from The Tutors Academy.

4. The Indian economy grew at an impressive rate of 8.2% in the April-June quarter this year, its fastest pace in nine quarters, according to official GDP data released on Friday. The first quarter growth spurt was propped by strong performance in the manufacturing sector, which grew at 13.5%, after shrinking 1.8% in the first quarter last year, thanks to de-stocking by firms in the lead-up to the implementation of the Goods and Services Tax. The construction and agriculture sectors that grew just 1.8% and 3%, respectively, in Q1 in 2017-18, clocked growth rates of 8.7% and 5.3% in Q1 of 2018-19.

5. Second sourcing

Business

This refers to a business practice wherein a supplier shares information about his product with his competitors in order to increase the supply of the product in the market. It is believed that this helps the original developer to increase acceptability of the product among a wide customer base, thus helping his business. Second sourcing also works in favour of competitors who get access to know-how about a new product at zero cost as well as consumers who benefit from increased supply due to competition between many suppliers. It might, however, work against the interests of the original supplier as increased competition leads to a fall in profits.

6. Social audit pilot projects to check if construction worker welfare boards are registering workers and giving them benefits, and also to weed out non-workers registered illegally, are scheduled to begin this week in Rajasthan and Delhi.

The Labour Ministry has also issued the draft framework for the social audit on implementation of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (BOCW), in accordance with the Supreme Court’s orders.

The construction industry is India’s second largest employer, with estimates suggesting that there are between five and seven crore workers in the sector, of whom less than half are registered.

7. An RTI applicant has been asked to pay the Goods and Services Tax (GST) for getting information from the Madhya Pradesh Housing and Infrastructure Development Board in Bhopal under the transparency law. Anti-corruption activist Ajay Dubey had sought details of the expenditure on renovation of the office of the Real Estate Regulatory Authority (RERA), Madhya Pradesh, from the board.

8. The U.S. military plans to cancel $300 million in aid to Pakistan due to Islamabad’s lack of “decisive actions” in support of American strategy in the region, the Pentagon said on Saturday. The U.S. has been pushing Pakistan to crack down on militant safe havens in the country, and announced a freeze on aid at the beginning of the year that an official said could be worth almost $2 billion.

9. Mauritius remained the top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore, whereas total FDI stood at $37.36 billion in the financial year, a marginal rise over the $36.31 billion recorded in the previous fiscal, according to RBI data.

While FDI from Mauritius totalled $13.41 billion as against $13.38 billion in the previous year, inflows from Singapore rose to $9.27 billion from $6.52 billion. FDI from the Netherlands declined marginally to $2.67 billion as against $3.23 billion a year earlier. (Today’s National news in English)

10. Recently, RBI Deputy Governor Viral Acharya made a case for setting up a Public Credit Registry (PCR), incorporating unique identifiers: Aadhaar for individual borrowers and Corporate Identification Number for firms.

What is PCR?

A public credit registry is an information repository that collates all loan information of individuals and corporate borrowers. A credit repository helps banks distinguish between a bad and a good borrower and accordingly offer attractive interest rates to good borrowers.

PCR will address issues such as information asymmetry, improve access to credit and strengthen the credit culture among consumers. . A PCR may also help raise India’s rank in the global ease of doing business index.

11. With Jakarta bidding goodbye to the Asiad, the ancient Chinese city of Hangzhou welcomed all the athletes to the next Games which it will host in September 2022.

12. In Jakarta Asian Games, China was miles ahead of the others in the medal table here with 289 medals which included 132 golds. It also raced past the 3000-medal mark during the Games. Japan was far behind in the second spot with 205 medals (75 golds) while Korea was next with 177 (49 golds). India, despite its best-ever haul of 69 medals (15 golds), was eighth on the table. Get Daily, National News in English and prepare for NDA, CDS and all Competitive exams with The Tutors Academy.

13. United Nations on Tuesday kicked-off talks on a 2020 treaty that would regulate the high seas, which cover half the planet yet lack adequate environmental protection.

Four sessions of talks, each lasting two weeks, are planned to take place over two years, with the goal of protecting marine biodiversity and avoiding further pillaging of the oceans.

(Today’s National News in English).

14. Abbreviations:

Communications Compatibility and Security Agreement (COMCASA)
Confederation of All India Traders (CAIT)
Real Estate Regulatory Authority (RERA)
Turkish President Recep Tayyip Erdoğan
PCR – Public Credit Registry

15. Things to Remember:

Defence Minister of India – Nirmala Sitharaman
J&K Governor Satya Pal Malik
Chief of the Army Staff, General Bipin Rawat
Indonesian President Joko ‘Jokowi’ Widodo

16. Improve your Vocabulary:

albeit

Meaning – Though

Example – ‘he was making progress, albeit rather slowly’
Synonyms – although, even if, even though, in spite of the fact that, despite the fact that, notwithstanding the fact that, notwithstanding that, for all that, while, whilst, granted that, even supposing, despite the possibility that, albeit, however, yet, but