Current Affairs: 18th October 2018

Current Affairs: 18th October 2018

Current Affairs: 18th October 2018

Dear Aspirants,

The Current Affairs section is very important in Banking, Insurance, SSC and other competitive examinations. Here, we are trying to cover all important daily news updates that have high probability of asking in the examination. Apart from the news updates, it will cover the Static GK and Banking Awareness part related to the particular news. The questions on Static GK and Banking Awareness are related to the countries, events or anything that has been in news for a while. Here are the Current Affair and other important things which made headline today!!!

  1.  India’s 1st Cryptocurrency ATM Installed In Bengaluru 

    1. An ATM for deposit and withdrawal of money for cryptocurrencies has been installed in Bengaluru’s Kemp Fort Mall by virtual currency exchange Unocoin. 
    2. Users can deposit money to buy currencies like Bitcoin and Ethereum using an OTP received on their registered numbers. In order to withdraw money, a request has to be first made on the Unocoin website.
  2. Government Launches ‘Swastha Bharat Yatra’ Campaign 

    1. The government launched a national campaign ‘Swasth Bharat Yatra’ on the World Food Day (16th October) under which a pan-India cycle rally is being organized to sensitize people about eating safe food and be healthy. It was announced by the FSSAI chief executive Pawan Kumar Agarwal.
  3.  Muzaffarpur’s Shahi Litchi Gets GI Tag 

    1. After huge efforts for a year, now Shahi Litchi of Muzaffarpur, Bihar has got official recognition as it receives the geographical indication (GI) tag.
    2. The first product to get a GI tag in India was the Darjeeling tea in 2004. There are a total of 325 products from India that carry this indication.
    3. Alphonso Mango of Maharashtra has recently got the Geographical Indication (GI) Tag.
  4.  12th Asia Europe Meeting Summit Begins in Brussels 

    1. Vice President M. Venkaiah Naidu is in Brussels, Belgium to attend the 12th Asia Europe Meeting (ASEM) summit. Mr Naidu will lead the Indian delegation at the two-day Summit. The theme of this year’s ASEM Summit is “Global Partners for Global Challenges”.
  5. RIL Announces ‘Strategic’ Partnership With Hathway And Den 

    1. RIL will make the primary investment of Rs 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs 245 crore from the existing promoters for a 66% stake in Den.
    2. The Mukesh Ambani conglomerate will also make the primary investment of Rs 2,940 crore through a preferential issue under SEBI regulations for a 51.3% stake in Hathway Cable and Datacom Limited (Hathway).
  6. TCS Displaces Accenture As Largest IT Firm Servicing Banks 

    1. Tata Consultancy Services (TCS) Ltd’s quarterly earnings from the financial sector have edged past that of Accenture Plc, which is nearly double its size, making company the world’s largest pure-play information technology (IT) and consulting firm servicing megabanks and insurers.
    2. N. Chandrasekaran is the present Chairman of  TCS.
  7. Suheil Tandon Wins International Olympic Committee Award

    1. Social Entrepreneur Suheil FTandon has won the International Olympic Committee’s Sport and Active Society Commission’s Grant Award for his contribution to sports for development.  Suheil is the Founder of Pro Sports Development (PSD) and Executive Director of Martha Farrell Foundation.
  8. Khayyam Named for Hridaynath Award for Lifetime Achievement

    1. National Award winning music director Mohammed Zahur Khayyam Hashmi, famous as ‘Khayyam’, has been named for this year’s Hridaynath Award for Lifetime Achievement.
  9. ‘Maharana Pratap: The Invincible Warrior’: A Book Authored By Rima Hooja Released 

    1. A new book on Maharana Pratap named “Maharana Pratap: The Invincible Warrior” authored by historian Rima Hooja has been released.
  10. Global Competitiveness Report 2018: India Ranks 58th, US Tops 

    1. The World Economic Forum released the Global Competitiveness Report 2018. According to the report, India has jumped five spots to become the 58th most competitive economy on the Global Competitiveness Index 2018 (GCI 4.0).
    2. The Top 3 countries on the Index are:
      1. US,
      2. Singapore,
      3. Germany,
Also Read: Current Affairs 17th October 2018  
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