Current Affair of 17 April 2018, Exam View.

Current Affair 17 April 2018

World Bank says Indian economy has recovered from the impact of demonetisation, GST

The World Bank recently in report said that India’s economy has recovered from the impact of demonetisation and the introduction of the Goods and Services Tax regime, and would grow at 7.3% in 2018 and 7.5% in 2019. The organisation, in its bi-annual South Asia Economic Focus report, said this would drive South Asia’s growth rate to 6.9% in 2018 and 7.1% in 2019.

“Around 80% of the region’s Gross Domestic Product is generated in India,” the report said. “Both demonetisation and GST created short-term disruptions in economic activity. As the inflation rate rebounded pushing real interest rates down, a recapitalization plan for banks was announced, and the effects of the two temporary shocks vanished, and growth bounced back.”

The World Bank official added that he was “very confident” India could keep growing at 7% to 8% “without much effort, just good policies”, but it was doubtful whether it could approach double-digit growth rate again in future.

Smriti Irani inaugurates 7th edition of Home Expo India 2018

Union Textiles Minister Smriti Irani inaugurated the three day fair. Being organized by the Export Promotion Council for Handicrafts, the fair is a three segmented categories show comprising Housewares, Textiles and Furniture under one roof at the same time making it a One-Stop Expo for every visitor.

Over 650 Indian exporters of all the three categories will be displaying exquisite products of House-ware, decorative, furnishing, flooring and textiles and furniture and furniture accessories.

Home Expo India 2018 is expected to generate business deals for direct import. EPCH is the nodal export promotion body for handicrafts in India and plays an important role of a catalyst between the exporters, buyers and the government with the main objective of boosting trade in Handicrafts and also project Indias image in the global market as a reliable supplier.

E Godavari, first district with complete LED street lighting

East Godavari district in Andhra Pradesh is all set to become the country’s first ‘LED street light district’.

The rural LED street lighting programme in the district entailing the installation of around 3.1 lakh LED street lights has been completed. The exercise is expected to save around 34 Million Units (MU) annually.

Support from EESL

The Energy Efficiency Services Ltd (EESL) is supporting the LED project which has been completed in five months. Naidu wanted coverage of all the 13 districts with over 28-30 lakh LED lights, which is expected to save around 333 MU of energy a year. The project is being implemented in the districts of East Godavari, Chittoor, Ananthapur, YSR Kadapa, Vizianagaram & Visakhapatnam.


Bandhan Bank among top 50 most valuable publicly traded firms in India

Kolkata-based Bandhan Bank Ltd became one of the top 50 most valuable publicly traded firms in India. On Thursday, the market capitalization of Bandhan Bank was at Rs64,000 crore, claiming 50th rank, according to BSE data.

Bandhan Bank had raised Rs4,500 crore through a successful initial public offering (IPO) in March after setting the pricing at Rs375 per share. That was at the upper end of a price range of Rs370 to Rs375 per share. The IPO had attracted orders worth 14.63 times the number of available shares. Shares of Bandhan Bank were listed on 27 March.



  • Indian competitors ended their campaign in the eleven day event on the third place, with 66 medals including 26 Gold, 20 Silver and 20 Bronze medals.
  • Australia stood first in the medal tally with 198 medals including 80 Gold, 59 Silver and 59 Bronze followed by England 136 medals.
  • On the final day, India won seven medals which include one Gold, Four Silver and two Bronze.


Indian mosquitoes susceptible to Zika virus: NIV study.

Zika virus is an emerging threat unless contained especially in areas where the vector Aedes aegypti mosquito is in large numbers, including India.

At Pune’s National Institute of Virology, scientists have demonstrated in their study how Indian mosquitoes, when infected with African strain of the zika virus (ZIKV), can easily transmit the infection to suckling mice.

In their study published on March 29 this year in Intervirology, a team of scientists from National Institute of Virology, National Jalma Institute of Leprosy and other Mycobacterial diseases and others research institutes have shown how the Indian Aedes aegypti mosquito that transmits dengue and chikungunya viruses is easily susceptible to the zika virus.

In 2013, the first zika virus outbreak was reported in the Marquesas Islands in the southern Pacific Ocean. It subsequently spread to Brazil in May 2015. Health agencies in India closely monitored the situation in the country. Three cases identified in Gujarat, and one in Chennai did not reveal any travel history to zika virus endemic region, suggesting that the virus is not new in the country.

The wound will dissolve the unique 'bandage'

With the help of DRDO, the School of Bio-Chemical Engineering Department of Indian Institute of Technology (IIT), BHU, a strip ie i.e. bileier assembly has been developed, which will heal the wound and dissolve in the skin.

  • It will be very helpful in filling wounds of injured jaws. The most important thing is that once it is pasted it will not be a hassle to remove it.
  • The bilayer assembly bar is in two tiers. A layer will be helpful in providing soft and moisture to the skin. At the same time, the second will provide protection from bacterial infection. It also has the potential to create new cells of skin. 
  • After the paste of this strip, the speed at which the cells are produced will gradually dissolve the bandage. It is very important to tell here that this bandage is completely organic and herbal.
  • This is the first of its kind in the form of a wound drying strip. The elements of Neem, Banyan, Aloe Vera etc. have been included in this.
  • This research has just been used on animals, where it has proved successful. 
  • It has been patented. Now a resolution has been sent to the government for the trial of human beings.