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Current Affairs 18 April 2018 – Headlines

• The first regional conference of eastern states on Water Resources was held in Kolkata on April 16 to address the outstanding water issues of these states.
• India has ranked 10th on a new Commonwealth Innovation Index, topped by the UK, Singapore, and Canada.
• The World Bank has forecast a growth rate of 7.3 percent for India this year and 7.5 percent for 2019 and 2020.
• Uday Kotak-led Kotak Mahindra Bank has pipped SBI to become India’s second-most-valued lender after HDFC Bank in terms of market capitalization.
• The employee provident fund organization has decided to accept provident fund withdrawal claims of over Rs.10 Lakh through physical forms

Today Current Affairs – Current Affairs 18 April 2018

Bengaluru highest paying city in India, Pune second: Report

Bangalore is the highest paying city in India with an average Cost of Company of Rs.10.8 lakh per annum, the Randstad insights Report 2018. Pune and Delhi are second and third on the list with average CTC of Rs.10.3 Lakh and Rs.9.9 Lakh respectively. Pharma and healthcare is the highest paying industry.

Flipkart investors agree to sell a stake to Walmart 

The US-based Walmart has reached an agreement on buying the stakes of key Flipkart investors including Tiger Globa Management, Naspers, Tencent Holdings. Flipkart’s biggest stakeholder Softbank is seeking a better price to sell around 15-17 billion reports.

China Launches website to report Corruption

China has started its campaign against foreign espionage with a website in Mandarin and English encouraging people to report national security threats such as bids to overthrow the socialist system. The website www.12339.gov.cn launched by the ministry of national security.

India Signs Loan agreement with World Bank for USD 48 million for Meghalaya

A loan agreement for IBRD loan of USD 48 million for the Meghalaya Community- Led Landscape Management project was signed with the World Bank. The objective of the project is to strengthen the community-led landscapes management in selected landscapes in the state of Meghalaya.

East Godavari, the first district in India with complete LED street lighting

East Godavari in Andhra Pradesh is all set to become the country’s first LED Street Lights district. The Rural LED street lightening programme in the district entailing the installation of around 3.1 lakh LED street lights has completed. The exercise is expected to save around 34 million Units annually.

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