1. Modi Xi among Time's most influential people
i. Indian Prime Minister Narendra Modi, who entered office this year on
the promise of reviving the country’s economy, is the winner of this
year’s reader poll for TIME Person of the Year.
ii. In the final tally, Modi received more than 16% of the almost 5 million votes cast.
iii. Readers from more than 225 countries in total participated, with
U.S. votes leading the pack at 37%, followed by India at 17% and Russia
at 12%.
iv. Mr. Modi was named by TIME among the 100 most influential people in
the world in its annual list on Thursday, with U.S. President Barack
Obama penning a flattering profile of him.
2. India to grow at 7.5 % in 2015: Moody’s
i. A week after it revised its outlook on India to ‘positive’ from
‘stable’, international credit rating major Moody’s pegged India’s
growth at 7.5 percent for 2015.
ii. Low inflation rate has enabled the Reserve Bank of India (RBI) to
cut interest rates by 50 basis points in early 2015 which has helped in
easing pressure on the private sector.
iii. Moody’s Analytics is of the view that “India’s state—owned
companies are notoriously inefficient, with significant bureaucracy and
endemic corruption.
3. Obama to honour Satya Nadella with 'Champion of Change' award
i. US President Barack Obama plans to honour Microsoft's Indian-origin
CEO Satya Nadella with the 'Champions of Change' award for bringing
about change within his company to support working families.
ii.
Before being named CEO in February 2014, 47-year-old Nadella held
leadership roles in both enterprise and consumer businesses across the
company.
iii. the White House released a Middle Class Tax report highlighting
his budget proposals to help those 44 million middle-class Americans.
iv. The 'Champions of Change' programme was created as an opportunity
for the White House to feature individuals doing extraordinary things to
empower and inspire members of their communities.
Current Affairs Updates of 18th April 2015| Daily GK Capsule |
4. RIL Reclaims Tag of Most Profitable Indian Firm
i. Reliance Industries regained its status as the most profitable Indian
company after posting an 8.5 per cent rise in consolidated net profit
for the March quarter.
ii. The operator of the world's biggest refining complex reported a net
profit Rs 6,381 crore for the three months to March, 2015.
iii. RIL had lost its crown as India's most profitable firm to outsourcing giant TCS in the December quarter.
iv. TCS, which announced its March quarter numbers on Thursday, reported
a net profit of around Rs 5,900 crore (including one-time bonus for
employees).
5. UN Peace Envoy Jamal Benomar Resigns
i.
United Nation (UN) peace envoy to Yemen, Jamal Benomar has resigned,
after losing support from Gulf countries for his mission in the
conflict-riven nation.
ii. His resignation comes after UN Security Council adopted a resolution
calling for the swift resumption of peace talks and an end to violence
in Yemen.
iii. The adopted resolution adopted calls on the Huthis to withdraw from Sanaa and all other areas they have seized.
6. Pakistan, Russia to hold first-ever joint military exercises
i. Pakistan and Russia have agreed to hold first-ever joint military
exercises as part of their enhanced defence cooperation, in a sign of
increasing bonhomie between the Cold War-era adversaries.
ii. The agreement was reached during a meeting in Moscow between
Pakistan Defence Minister Khawaja Asif and his Russian counterpart
Sergei Shoigu.
iii. Asif is on an official visit to Moscow to attend a regional
security conference. He held talks with the Russian defence minister,
during which the two ministers agreed to increase military cooperation
in training and import of arms and equipment.
7. Mohan Kumar appointed as new Indian Ambassador to France
i. Senior diplomat Mohan Kumar, currently India's top envoy to Bahrain,
has been appointed the next Ambassador to France to succeed Arun Kumar.
ii. A 1981-batch IFS officer, Mohan Kumar is expected to take up his assignment shortly.
iii. The official announcement for Mohan Kumar's appointment comes six
days after Prime Minister Narendra Modi's visit to France.Source:- Bankersadda
Current Affairs Updates of 18th April 2015| Daily GK Capsule
Reviewed by Newstechcafe
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April 18, 2015
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