Daily Current Affairs 18th July, 2017

Daily Current Affairs 18th July, 2017


Smriti Irani gets I&B ministry, Narendra Singh Tomar Urban Development

  • Prime Minister Narendra Modi gave the Information and Broadcasting portfolio to Smriti Irani. The Urban Development Ministry, which was also being handled by Naidu, has been given to Narendra Singh Tomar.
  • This announcement came after BJP leader M Venkaiah Naidu, who is the government’s nominee for the position of Vice-President, resigned from his ministerial responsibilities.


SBI launches website for home buyers

  • State Bank of India, the country’s largest commercial bank, has launched ‘SBI Realty‘ – a one-stop integrated website www.sbirealty.in for home buyers.
  • SBI Realty will help customers to choose their dream home from 3,000 SBI approved projects across the country.
  • These projects are spread across 13 states and Union Territories covering 30 cities, including metros, semi metro and towns.
  • The site is developed by SBICAP Securities in association with PropEquity in terms of data support, project information.

Does a minimum wage kill jobs?

  • The Union Cabinet is expected to approve a bill that, among other things, mandates a universal minimum wage. The code empowers the Centre to set a minimum wage to help poor, unskilled workers earn more.
  • Economists, however, have warned for long that price floors prevent the available supply of goods from being fully sold. So, the minimum wage would logically hurt workers by increasing unemployment.
  • A study found that employment among the youth in Denmark decreased by one-third when they attained the age at which their minimum wage increases by 40{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}. Other economists have found similar evidence suggesting that a minimum wage increases unemployment.

Reliance Industries market capitalisation hits Rs 5 lakh crore mark

  • Mukesh Ambani-led Reliance Industries Limited (RIL) for the first time in its trading history has crossed Rs 5 lakh crore in market capitalisation. The market cap of RIL stood at Rs 5,04,458.09 on BSE (Bombay Stock Exchange.
  • RIL is second firm to cross Rs 5 lakh crore in market capitalisation. It is also RIL’s highest market cap in its lifetime and also currently it is the most valued company on the bourses. Tata Consultancy Service (TCS) was first company to hit Rs 5 lakh crore in market capitalisation milestone in July 2014.
  • Later in November 2014, its market capitalisation had surged to 5.43 lakh crore. Now, it is the second most valuable company in terms of market-capitalisation.


J-K govt launches weekly festival at Dal Lake

  • The spectacular Dal Lake here hosted first ever ‘Culture of Cruise’, a weekly cultural programme organised by the Jammu and Kashmir government aimed to bring artists from various fields on one stage.
  • The innovative programme series brings writers, performance artists, musicians, poets and academics together and offers a program of performances, workshops, talks, forums and debates.

Kolkata to host global business meet in November

  • The Indian Chamber of Commerce (ICC), in association with the West Bengal government, will host Horasis Asia Meeting, a global business meet, in the city in November.
  • The two-day business meet, starting November 26, will focus on sustainable business practices in various areas, including power and energy.


Eco-bridges for the movement of tigers

  • Telangana State is planning to construct eco-friendly bridges over a canal cutting across the tiger corridor linking the Tadoba-Andhari Tiger Reserve (TATR) in the Chandrapur district of Maharashtra with the forests in Telangana’s Kumram Bheem Asifabad district.
  • The Telangana Irrigation Department has given its consent for the construction of the eco-bridges. Recommendations on the size and locations of the bridges are awaited from the National Board of Wildlife.
  • The ‘eco-bridges’ will be constructed at key spots along the 72 km-long, and at some places over a kilometre wide. The plan involves laying of fertile soil to grow grass and plants over the structure, so that fragmentation of the reserve forest is camouflaged.

Tata Motors unveils India’s first Bio-CNG bus

  • India’s largest Commercial Vehicles manufacturer Tata Motors has unveiled country’s first Bio-CNG (bio-methane) bus. The bus was rolled out at the Urja Utsav, bio-energy programme, organised by the Union Ministry of Petroleum and Natural Gas.

Scientists develop 3D-printed soft silicone heart

  • Scientists from ETH Zurich in Switzerland have developed a 3D-printed soft silicone heart that closely resembles and functions like the human organ.
  • It is not exact biological replica of the actual, but can help to save lives of people who suffer from cardiac failure. It can be also used as an artificial heart in cases when patient is awaiting a heart transplant.
  • The 3D-printed soft artificial heart is a silicone monoblock with complex inner structure. It weighs 390 grams and has a volume of 679 cubic centimetres. It is made of silicone using a 3D printed mold.
  • It represents one of the most advanced replicas yet created of one of human’s most important organs. The artificial heart has a right and a left ventricle which are not separated by a septum but by an additional chamber. This chamber is inflated and deflated by pressurised air required to pump fluid from the blood chambers.
  • This current model is not yet stable enough to be used in an actual patient. At present, it can only work for several thousand beats, lasting around 30 to 45 minutes. Researchers are planning to develop an advanced model which could conceivably work over a period of years.


Nelson Mandela International Day: 18th July

  • Nelson Mandela International Day (or Mandela Day) is an annual international day in honour of Nelson Mandela, celebrated each year on 18 July, Mandela’s birthday.
  • The Nelson Mandela Foundation is dedicating this year’s Mandela Day to Action Against Poverty, honouring Nelson Mandela’s leadership and devotion to fighting poverty and promoting social justice for all.


UK’s first woman Sikh MP Preet Kaur Gill elected to Home Affairs Select Committee

  • Britain’s first woman Sikh MP Preet Kaur Gill was elected to Home Affairs Select Committee in the UK Parliament. She will be one of 11 MPs on the cross-party home affairs committee. The Home Affairs Select Committee is an influential cross-party panel in the UK Parliament that examines the workings of the Home Office. It investigates the spending, policy and administration of the ministerial department.


The Book ‘Future of Indian Universities: Comparative and International Perspectives’ has released

  • Nobel Laureate Professor Amartya Sen released a book titled “Future of Indian Universities: Comparative and International Perspectives” at Rashtrapati Bhavan. President Pranab Mukherjee, who received the first copy of the book.
  • The book ‘Future of Indian Universities: Comparative and International Perspectives’ has been compiled by Professor (Dr.) C. Raj Kumar, Vice Chancellor of JGU University and is published by Oxford University Press.







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