4th July 2018 Current Affairs


RBI issues License to Bank of China to operate in India

  • The Reserve Bank of India has licensed Bank of China to operate in India.

  • Bank of China will set up operating offices in the country.

  • It will be the second Chinese Bank that is allowed to operate in India, after Industrial and Commercial Bank of China.

  • UK’s Standard Chartered Bank has the most number of branches (100) in India.

Bengaluru to get India’s first e-waste Plant

  • Union Minister of Chemicals and Fertilizers, Ananth Kumar has revealed that India’s first e-waste recycling unit will come up in Bengaluru.

  • The unit is expected to be ready in 4 months.

  • The amount of e-waste generated is on the rise and is estimated to touch 52 Lakh tonnes in 2020.

  • In a 2016 study by Assocham and KPMG, India was in top 5 nations in terms of waste.

Aaron Finch breaks own records of highest T20I Score

  • Australia Captain Aaron Finch scored 172 off 76 balls in a T20 International against Zimbabwe, breaking his own record T20I Record of 156 against England in 2013.

  • The 31- year old Batsman reached this achievement scoring 16 Fours and 10 Sixes, at a strike rate of 226. 32

  • Finch put on a record opening stand of 223 with D’ Arcy Shot, taking the record away from Martin Guptill and Kane Williamson of New Zealand who scored 171 runs against Pakistan in 2016.

  • He fell to a hit wicket off Blessing Muzarabani.

KVIC launches e-marketing system

  • The Khadi and Village Industries Commission (KVIC) launched its e-marketing system named Khadi Institution Management and Information System (KIMIS).
  • The single-umbrella e-marketing system has been developed in-house by the KVIC IT team.
  • The system can be accessed from anywhere in the country for the sale and purchase of Khadi and Village Industries products.
  • The software will give real-time data of sales; it will also give update on the status of stocks of khadi bhawans and godowns.
  • 480 Khadi institutions and showrooms are linked with this billing software.

India’s indigenous fighter aircraft Tejas commences operation at Sulur

  • Indigenous fighter aircraft Tejas of No 45 Squadron ‘The Flying Daggers’ formally commenced operations from the Air Force Station at Sulur near Coimbatore.
  • Tejas is the first advanced fly-by-wire fighter aircraft designed, developed and manufactured in India.
  • It is equipped with a satellite aided Inertial Navigation System.
  • The aircraft has a digital computer-based attack system and autopilot mode.
  • The Southern Air Command base at Tiruvananthapuram, Kerala will take up the responsibility of integrating the fighter into Air Force’s Concept of Operations.

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Upasana Pradhan

Hello, my name is Upasana Pradhan, I’m currently working as a Content Writer. I have done my Masters in Electronics and Communication from Delhi Technological University, Delhi. I always had a passion for writing. Apart from that, I love listening music, hanging out with friends, Cooking and Shopping.

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