Current Affairs Assam – April 2018
( Covers all important Assam Current Affairs & GK topics for the month of April 2018 )
Shaksgam Valley Claim by India
Narendra Modi government is claiming that China has built around 70 km of metalled road between September 2017 and February 2018 in Shaksgam Valley.It is around 5,163 square km of which was illegally ceded by Islamabad to Beijing in a controversial 1963 boundary agreement.
The Chinese aerial activity in Ladakh and Barahoti sectors has increased with PLA troops trying to achieve 100 percent patrolling objectives.
China-Pakistan Economic Corridor(CPEC) extended to Afghanistan
The controversial China-Pakistan Economic Corridor the flagship project of China’s ambitious Belt and Road Initiative (BRI) is being extended to Afghanistan. China had unveiled in December its plans to extend the $50 billion CPEC to Afghanistan, which has sparked concerns in India.
Chinese foreign minister Wang Yi, during his meeting with his Pakistan and Afghan counterparts, had offered to extend CPEC to Afghanistan. The BFA was formed by China in 2001 on the lines of the World Economic Forum in Davos and holds its meeting every year.
11 Public Sector Banks Placed Under RBI’s PCA Framework
The Reserve Bank of India (RBI) has placed 11 public sector banks under Prompt Corrective Action (PCA) restricting lending activities of the banks over the issue of non-performing assets.
The 11 banks under RBI are Allahabad Bank, Bank of India, Corporation Bank, Central Bank of India, Dena Bank, Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce, IDBI Bank, United Bank of India and UCO Bank.
The PCA framework restricts the amount of loans banks can extend; this will put pressure on credit being made available to companies especially the MSMEs. Large companies have access to the corporate bond market so they may not be impacted immediately.
These banks will take a minimum of 6-9 months before they report any noticeable improvement in the key regulatory indicators, which may help them come out of PCA.
FACTFILE – Prompt Corrective Action (PCA)
Prompt Corrective Action (PCA) is a process initiated by Reserve Bank of India in April 2017. RBI has put in place some trigger points to assess, monitor, control and take corrective actions on banks which are weak and troubled. It restricts the bank to indulge in lending activities. Banks under this framework are restricted from opening new branches, staff recruitment and increasing the size of their loan book depending on the risk thresholds set in PCA rules.
Indian-origin scientist launches world’s first microfactory e-waste hazard
An Indian-origin scientist in Australia has launched the world’s first microfactory that can transform the components from electronic waste items such as smartphones and laptops into valuable materials for re-use.
(I) It can also turn many types of consumer waste such as glass, plastic and timber into commercial materials and products.
(II) The modular microfactories can operate on a site as small as 50 square metres and can be located wherever waste may be stockpiled.
(III) The modular microfactories can operate on a site as small as 50 square metres and can be located wherever waste may be stockpiled.
NASA to launched Humanity’s first flight to Sun set to launch in July
NASA’s Parker Solar Probe, which is humanity’s first ever mission to the Sun, will launch in July 2018. It is in the final stages of its preparations for its launch to the Sun.
Parker Solar Probe is scheduled to be launched from the Launch Complex-37 at NASA’s Kennedy Space Centre in Florida.
(i) Parker Solar Probe is humanity’s first mission to the Sun. It has been designed and built by Johns Hopkins Applied Physics Laboratory in Laurel, Maryland.
(ii) After launch, it will orbit directly through the solar atmosphere – the corona – closer to the surface than any human-made object has ever gone.
(iii) PSP is part of NASA’s Living With a Star Program to explore aspects of the connected Sun-Earth system that directly affect life and society.
(iv) Throughout its seven-year mission, PSP will explore the Sun’s outer atmosphere and make critical observations to answer questions about the physics of stars. Its data will also be useful in improving forecasts of major eruptions on the Sun and the subsequent space weather events that impact technology on Earth, as well as satellites and astronauts in space.
World Homeopathy day observed every year on 10 April
Every year the World Homeopathy Day (WHD) is observed on 10th April 2018 on account of the founder and father of Homeopathy Dr. Friedrich Samuel Hahnemann’s.
On this occasion two-day scientific convention was inaugurated in New Delhi. The convention was organised by the Central Council of Homeopathy (CCH), a statutory body under the Department of AYUSH, and inaugurated by Indian Vice President M Venkaiah Naidu. The theme of the two days convention was “Innovate: Evolve; Progress: Exploring Science since 40 years”.
FACTFILE – Homeopathy
(i) Homeopathy is a system of alternative medicine developed by Dr. Friedrich Samuel Hahnemann’s in 1796. Homeopathy achieved its greatest popularity in the 19th century. It was introduced to the United States in 1825 by Hans Birch Gram, a student of Hahnemann.
(ii) Homeopathy uses animal, plant, mineral, and synthetic substances in its preparations. Homeopathic pills are made from an inert substance (often sugars, typically lactose), upon which a drop of liquid homeopathic preparation is placed and allowed to evaporate.
(iii) Homeopathy is now one of the major medical practices used to cure the diseases worldwide.