5 and 6 February 2018 Current Affairs : International Kala Mela, Pelican Bird Festival, Long-term capital gains, ‘Demetrios Galanos’, India-UN Development Partnership Fund

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5 and 6 February 2018 Current Affairs : International Kala Mela, Pelican Bird Festival, Long-term capital gains, ‘Demetrios Galanos’, India-UN Development Partnership Fund
5 and 6 February 2018 Current Affairs : International Kala Mela, Pelican Bird Festival, Long-term capital gains, ‘Demetrios Galanos’, India-UN Development Partnership Fund

This Daily Current Affair Capsule aims to be a time-saving tool for going through relevant news from national dailies and government releases on PIB. Aspirants for UPSC IAS, CDS, SSC CGL, NDA, etc. will find it highly useful to cover for revision and awareness purposes.

National Important Current Affairs – 6 February 2018

■  The Ministry of Environment, Forest & Climate Change under the National River Conservation Plan has sanctioned a new project to control pollution in River Sal in Goa. The project will cost of Rs. 61.74 cr. and both the Centre and State will share the cost on 60:40 basis. The project will help in reduction of pollution load in the river and improvement in its water quality, besides improving the environment and sanitation in the town.

Under this project, around 32 km of sewers will be laid and sewage treatment plant of 3 million litres per day (MLD) will be constructed.

About the Sal river:

It is the third largest river in Goa, located in South Goa and starts in Cavelossim. It is one of the nine major rivers of Goa. Being the only river that flows in a north-south direction prior to flowing into the Arabian Sea at Betul, the Sal River is a geologically odd one because it runs parallel to the west of the geological coast.

■ The First ever International Kala Mela is being organised by the Lalit Kala Akademi in partnership with IGNCA of the Ministry of Culture at Delhi. It is meant to focus on direct interaction between the artist and the connoisseur and also educating and raising awareness about art, which has been the mandate of Lalit Kala Akademi.

Note that: The Lalit Kala Akademi or National Academy of Art is India’s National Academy of Fine Arts. It is an autonomous organization, established at New Delhi in 1954 to promote and propagate an understanding of Indian art, nationally and internationally. It provides scholarships, a fellow program, and sponsoring and organizing numerous exhibitions in India and overseas.

■ The Supreme Court will set up a fresh Constitution Bench to examine the validity of various aspects of a provision of the Citizenship Act 1955, including the cut-off date for awarding citizenship to Bangladeshi immigrants in Assam.

A five-judge bench of the apex court in April 2017 had said it would deal with 13 questions related to the constitutional validity of section 6A of the Act, which was referred to it for consideration by a two-judge bench in December 2014. The Section 6A of the Act relates to special provisions for citizenship of people covered by the Assam Accord, which was a memorandum of settlement signed between representatives of the Centre and the leaders of Assam movement in August 1985.

‘Pelican Bird Festival-2018’ was recently organized at Kolleru lake,  jointly by the Andhra Pradesh Tourism Authority (APTA) and Krishna district administration.

About Kolleru lake:

Kolleru lake is located between Krishna and Godavari delta. It was declared as a wildlife sanctury in 1999. It is a Ramsar site and is also listed as an Important Bird Area. The lake is known to amateur birdwatchers and professional ornithologists as a Pelicanerya location were the Grey Pelicans, a large magnificent bird, nest and breed. The Grey Pelican also called the Spot Billed Pelican is listed in Schedule I of the Wildlife Protection Act and in the Red Data Book. It is also considered a “globally threatened species” under the “vulnerable” category.

Indira Gandhi National Centre for the Arts (IGNCA) is organizing an International Conference on, ‘Demetrios Galanos and His Legacy’. The convention is being held in Delhi and Varanasi, in addition to organizing the exhibition and folk music of Greece. The aim of the conference is to focus on academic and cultural exchanges between India and Greece made by scholars and artists both Indian and Greek, in modern times since Demetrios Galanos.

The conference is being organized under the Bharat Vidya Prayojana, a long-term academic program of the IGNCA.

About Demetrios Galanos:

Demetrios Galanos (1760–1833) was an European Indologists of the nineteenth century. He was the only one who stayed in India for 47 years, and except for the first seven years when he lived in Calcutta, for 40 years he lived in the city of Varanasi, mastering Sanskrit, Hindi and Persian, from local scholars. He translated the Bhagvad Gita into Greek among many other Sanskrit texts. His major contribution was the compilation of a Sanskrit-English-Greek lexicon of about 9000 words.

International Current Affairs Capsule – 6 February 2018

■ India has contributed additional $1 million to India-UN Development Partnership Fund, earmarked for South-South cooperation. The contribution aims to intensify its partnerships with other developing countries in the south.

Note that: India has already provided $6 million within the seven months since the launch of the fund.

About the India-UN Development Partnership Fund:

The India-UN Development Partnership Fund was set up as a partnership between India and the United Nations Office for South-South Cooperation (UNOSSC). It is managed by UNOSSC, the fund will support Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world. Focusing on Least Developed Countries (LDCs) and Small Island Developing States, United Nations agencies will implement the Fund’s projects in close collaboration with partnering governments. The Focus areas are – Reducing poverty and hunger, improving health, education and equality, and expanding access to clean water and energy.

About the United Nations Office for South-South Cooperation (UNOSSC) :

It was established to promote, coordinate and support South-South and triangular cooperation globally and within the United Nations system. UNOSSC, hosted by UNDP since 1974, was established by the UN General Assembly with a mandate to advocate for and coordinate South-South and triangular cooperation on a global and UN system-wide basis. UNOSSC submits its strategic planning frameworks to the UNDP, UNFPA and UNOPS Executive Board for approval and funding.

■ The Nigerian Army has declared victory over the Boko Haram militant group after capturing the militants’ stronghold Camp Zairo under counter-insurgency operation DEEP PUNCH II.
Note that: Boko Haram began insurgency in northeast Nigeria in 2009 in its attempt to create an Islamic state in the region.

■ A bill was has been introduced in the US House of Representatives to end non-defence aid to Pakistan as Islamabad provides military aid and intelligence to terrorists. This bill seeks that the amount is redirected to infrastructure projects in the US. It has been introduced by Congressmen Mark Sanford from South Carolina and Thomas Massie from Kentucky. The legislation will prohibit the US State Department and the United States Agency for International Development from sending American taxpayer money to Pakistan.

The lawmakers have alleged that Pakistan knowingly provides resources to terrorists. Post 9/11 attack, the US has provided nearly 34 billion US dollars in aid to Pakistan, including 526 million US dollars last year alone.

Sweden has signed a Strategic Partnership Agreement with United Nations for committing a record $370 million dollars to UN World Food Programme. It is the biggest ever contribution made by donor within a WFP Strategic Partnership Agreement.

■ Under its new Wealth Order law, the UK will seize assets held by foreign criminals and corrupt politicians. This law allows authorities to freeze assets exceeding £50,000 (over RS 45 lakh) in value if their owners are unable to explain how they acquired them. Nearly £4.4-billion worth property in the UK is estimated to have been bought using illegally acquired wealth.

Economics Today’s Current Affair Capsule – 6 February 2018

■ The government has re-introduced LTCG tax on equity shares. Investors will have to pay 10% LTCG tax on gains exceeding Rs 1 lakh on the sale of shares or equity mutual funds held for more than one year. Previously, short-term capital gains (STCG) tax of 15% was levied. The 10% LTCG tax will be paid without the benefit of indexation (adjusting the profit against inflation to compute the real taxable gains).

About LTCG :

Long-term capital gains refer to the gains made on any class of asset held for a particular period of time. In case of equity shares, it refers to the gains made on stocks held for more than one year. In other words, if the shares are bought and held for more than a year before selling, then the gains, if any, on the said sale are referred to as long term capital gains or LTCG.

CriSidEx, India’s First MSE Sentiment Index, has been launched by CRISIL and SIDBI. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive). CriSidEx will have 2 indices, one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey, providing independent time series data. Its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies. And by capturing the sentiment of exporters and importers, it will also offer actionable indicators on foreign trade.

Sports Current Affairs – 6 February 2018

■ Rio Olympic silver medallist PV Sindhu has finished as runner-up in India Open Super 300 badminton tournament after losing to America’s Beiwen Zhang in the final.

Recall that: Sindhu had lifted the India Open title last year by defeating Olympic champion Carolina Marin.

■ Indian Golpher Shubhankar Sharma has won the Maybank Championship in Malaysia. This is his second European Tour title. He had earlier won his maiden title at the Joburg Open in December last year.

“Current Affairs Questions for UPSC IAS Prelims – 6 February 2018 “

Q1. The 2018 World Cancer Day (WCD) is observed on which date?

  • A) February 5
  • B) February 3
  • C) February 4
  • D) February 2

Q2. Who has been sworn-in as the new Chief Justice of Bangladesh?

  • A) Md. Muzammel Hossain
  • B) Sheikh Mujibur Rahman
  • C) Mohammad Shafiul Alam
  • D) Syed Mahmud Hossain

Q3. Which HRD Ministry-appointed committee is drafting new National Education Policy (NEP)?

  • A) Ram Shanker Kureel committee
  • B) K Kasturirangan committee
  • C) V G S Rathore committee
  • D) KJ Alphonse committee

Q4. Which union ministry has launched Green Good Deeds campaign?

  • A) Ministry of Drinking Water and Sanitation
  • B) Ministry of Women and Child Development
  • C) Ministry of Agriculture and Farmers Welfare
  • D) Ministry of Environment, Forest and Climate Change

Q5. Hukum Singh, who passed away recently, was the MP from which Lok Sabha constituency of Uttar Pradesh?

  • A) Saharanpur
  • B) Rampur
  • C) Kairana
  • D) Ghaziabad

Answer these questions in the comments below. We encourage you to discuss your thoughts on the news and issues mentioned in today’s current affairs post. The idea is to promote healthy discussions on interesting issues to make preparation fun. Have a good day!

Self Study Package UPSC IAS Prelims 2018

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