Current Affairs 18th April 2018 – IAS, UPSC, BANKING, SSC

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Current Affairs 18th April 2018
 
 
India To Grow At 7.4% In 2018: IMF
The International Monetary Fund (IMF) stated that India is expected to grow at 7.4% in 2018 and 7.8% in 2019 and would re-emerge as one of the fastest growing major economies in the period. The IMF explained this is due to the strong private consumption as well as fading transitory effects of the currency exchange initiative and implementation of the national goods and services tax. According to the IMF, India will leave its nearest rival China which will grow at 6.6 in 2018 and 6.4% in 2019.
Google to provide ‘confidential mode’ soon on its mailing service
Tech giant Google is set to launch a new security layer for its mailing service Gmail that will help users to purge a mail or text after a period of time. The ‘confidential mode’ will enable users to set a passcode to open emails, which will be generated through text message. In addition, one can set an expiration date for sent emails. The new Gmail mode will available after its revamp. A company spokesperson said that Google will offer Gmail users the ability to try the redesign through an early access program in the coming weeks.
Gujarat Chief Minister Vijay Rupani launches digital platform for police force
In order to improve the conviction rate, Gujarat police introduced the digital platform called Pocket Cop Project, under which 4900 smartphones will be contested with real-time information of 68 lakh criminals. Chief Minister Vijay Rupani launched the innovative application as a part of police modernization. Speaking at the function, Chief Minister Vijay Rupani said that the technological intervention will strengthen the state police force for curbing Morden days crimes. He mentioned that Pocket Cop will improve the efficiency of state police in handling key law and order issues and cybercrime.  On this occasion, the Chief Minister announced that all the major districts will be under the surveillance of CCTV ecosystem. Rupani stated that digital platform will safeguard all the criminal records and other information essential for investigation. The Chief Minister expressed that new innovation will fine tune the affairs of state police in curbing criminal activities.
Union Government launches first tranche of Sovereign gold bonds for FY19
The Union Government (Finance Ministry) in consultation with Reserve Bank of India (RBI) launched the first tranche of sovereign gold bonds (SGBs) for Background Households in India hold a large amount of their savings as physical assets such as gold, silver and other precious metals and real estate. The Households in India hold a large amount of their savings as physical assets such as gold, silver and other precious metals and real estate. The minimum subscription for individual and HUF is 1 gram and maximum is 4 kg.
World Heritage Day is observed on 18 April
Every year, 18th April is celebrated Worldwide as World Heritage Day to create awareness about Heritage among communities. This year the theme is ‘Heritage for Generations’. The theme emphasizes on the inter-generational transfer of knowledge. In India, World heritage day will be celebrated at National Rail Museum, New Delhi. There are total 36 world heritage sites in India, as designated by UNESCO.
DARPAN-PLI app launched by communications ministry
Minister of Communications Manoj Sinha launched here the DARPAN (Advancement of Rural Post Office for a New India)-PLI App, which will help in collection of premium for Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) policies at Branch Post Offices anywhere in India, with online up gradation of the policies. Further, with the launch of this App, indexing of maturity claims in respect of PLI and RPLI policies can be done at Branch Post Office itself, upon which the insurant will immediately be provided with the request number for further references.
UK Joins International Solar Alliance To Mark Narendra Modi Visit
The United Kingdom joined the India-led International Solar Alliance (ISA) ahead of Prime Minister Narendra Modi’s four-day visit to Britain. At an event held at the London Stock Exchange as part of the Commonwealth Heads of Government Meeting 2018 (CHOGM), Britain formally announced its membership of the alliance. This alliance aims to raise $1 trillion of private and public finance to provide affordable and sustainable energy for all by 2030.
Veteran Journalist S Nihal Singh Passes Away
Veteran journalist S Nihal Singh passed at the age of 88 following an illness. He was suffering from kidney-related ailments.  Nihal Singh had worked with several leading newspapers including The Indian Express, The Statesman and Khaleej Times.
Bandhan Bank among Top 50 Most Valuable Brand In India
Kolkata-based Bandhan Bank Limited became one of the top 50 most valuable publicly traded firms in India. The market capitalization of Bandhan Bank was at Rs64,000 crore, claiming 50th rank, according to BSE data. Tata Consultancy Services Ltd is the most valuable company in India, followed by Reliance Industries Ltd and HDFC Bank Limited. Bandhan Bank had raised Rs4,500 crore through a successful initial public offering (IPO) in March after setting the pricing at Rs375 per share.
Bengaluru is the highest paying city for Talent: Report
The garden city of Bengaluru is found to be the highest paying city in the country, with an average annual cost to company (CTC) for talent across all levels and functions standing at about Rs 11 lakh, according to Randstad Insights, the research and analysis division of Randstad India. Pune stands second at around Rs 10 lakh, followed by Delhi NCR and Mumbai with an average annual CTC figure of a little under Rs 10 lakh and around Rs 9 lakh, respectively.
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