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1. On August 1,2018, the Union Cabinet, chaired by Prime Minister Narendra Modi, cleared the purchase of 51 % controlling stake in IDBI bank by which entity?
On August 1,2018, The Union Cabinet, chaired by Prime Minister Narendra Modi , cleared the purchase of 51 per cent controlling stake in IDBI bank by state-run insurer Life Insurance Corporation (LIC). According to the deal the bank will get Rs 10,000 crore to Rs 13,000 crore depending on the share price. This was done to raise the capital of the IDBI Bank to pay off debts. Earlier LIC had 7-7.5 per cent stake in the bank.
2. Which state will be 'Focus State' in the World Food India (WFI)-2017?
3. Edelweiss Tokio Life Insurance has tied up with which small finance bank to offer specialised product offerings to the bank customers?
On August 4, 2018, Edelweiss Tokio Life Insurance has tied up with Fincare Small Finance Bank to offer specialised product offerings to the bank customers. It aims is to push life insurance to the rural population. As per the Mou, two products will be offered: Point of Sale (POS) product (‘Saral Navesh’ endowment life insurance plan ) and a protection product. The PoS product offers a sum assured from Rs 50,000 to Rs 1 million, with premium payments from Rs 5,000 to Rs 100,000 (annually) for a policy term of 10-20 years which may be purchased for either a death benefit or maturity benefit. This will give Edelweiss Tokio Life Insurance access to a customer base.
4. Name the person who was appointed secretary to the information and broadcasting ministry, on 18th May 2018?
Amit Khare is a 1985-batch IAS officer. Currently, he is serving in Jharkhand, his cadre state. He will take charge as secretary to the information and broadcasting ministry from incumbent N K Sinha, who will superannuate on 31st May 2018.
5. Which country secured the top position in the latest FIFA rankings ?
6. Who won the Palm d’OR award in the 71st annual Cannes Film Festival that was held from 8th to 19th May 2018 in Cannes, France?
7. 63. Where will “Advanced Medium Combat Aircraft (AMCA)”, India’s Next Generation Defence Aircraft be built?
The next gen aircraft is called Advanced Medium Combat Aircraft (AMCA) is for the first time being built by inviting private players . The is also the first time that any defence project is being built outside Bengaluru. It will be built in Sulur, Coimbatore district, Tamil Nadu. The private players will be required to manufacture, assemble and equip two fighter aircraft, develop design, manufacture and transport them to the Flight Test Facility.
8. Union Commerce and Industry Minister Suresh Prabhu has given his approval for creation of DGTR in Department of Commerce. What is the full form of DGTR?
DGTR will be the top National Authority for dealing in all trade remedial measures including anti- dumping, countervailing duties and safeguard measures. Directorate General of Anti-dumping and Allied duties (DGAD), Directorate General of Safeguards (DGS) and Safeguards functions of Directorate General of Foreign Trade (DGFT) will be merged into a single national entity and will be placed under DGTR. This merger will save 49 posts to the Government. DGTR will also provide trade defence support to Indian exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries.
9. On May 8, 2018, which State Government launched India's first Integrated Control and Command Centre (ICCC)for all seven smart cities of the state?
The centre was inaugurated by Madhya Pradesh Chief Minister Shivraj Singh Chouhan and Minister of State for Housing and Urban Affairs, Hardee Singh Puri. The ICCC will enable State authorities to monitor the status of various smart civic amenities in real-time through the sensors connected to it. ICCC is a cloud-based Universal Internet of Things (UIoT) platform. It has been developed by Hewlett Packard Enterprise (HPE). Cities of Madhya Pradesh that have been selected under Smart Cities Missionary are: Bhopal, Indore, Ujjain, Gwalior, Jabalpur, Santa, and Sagar.
10. What indigenously built fighter aircraft was handed over to the IAF after successful testing