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News in Short

Sports

Neeraj Strikes Gold

19-07-2018

India's star javelin-thrower Neeraj Chopra have won the gold medal at the Sotteville Athletics meet in France. Neeraj, who had won the gold medal at the Gold Coast Commonwealth Games earlier in 2018, threw 85.17 metres to bag the yellow metal with a massive margin. Moldova's Andrian Mardare threw a distance of 81.48m to take the silver while Edis Matusevicius (79.31m) of Lithuania settled for bronze. The man from Panipat is also a part of India's squad for the Asian Games 2018 to be held in Jakarta.

Conferences/Summits

10th Edition Of Delhi Dialogue

19-07-2018

The 10th edition of the Delhi Dialogue is being organized in New Delhi withthe theme, 'Strengthening India-ASEAN Maritime Co-operation'. The Delhi Dialogue is a premier annual event to discuss politico-security, economic and socio-cultural engagement between India and ASEAN.

Banking

Parliament Clears State Banks (Repeal And Amendment) Bill

19-07-2018

The Rajya Sabha has passed the State Banks (Repeal and Amendment) Bill. The legislation, which was passed in the Lok Sabha during last year’s Monsoon Session, will remove provisions in the State Bank of India Act pertaining to its erstwhile associate banks: State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and the State Bank of Hyderabad. The Bill will repeal the SBI (Subsidiary Banks) Act, 1959, and the State Bank of Hyderabad Act, 1956.

Banking

FRDI Bill Dropped

19-07-2018

The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits. The bail-in provision stipulated that if a bank fails, the depositors would have to bear part of the total liability. Deposits are currently insured up to Rs. 1 lakh. The Bill proposed to delete the legal provision and defined this protection in a new way.

Deaths

Rajmata Satvashila Devi Bhosle

19-07-2018

Noted activist from Konkan region in Maharashtra, Rajmata Satvashila Devi Bhosle of Sawantwadi Sansthan has passed away. She was the wife of the last King of the Sawantwadi Kingdom late Shivramraje Bhosle who was coronated before the merger of the princely state into Union of India.

Miscellaneous

Meghalayan Age

19-07-2018

Geologists have given a name to an age we are living in – Meghalayan, following the study of a rock (stalagmite) in the northeastern Indian state of Meghalaya that provided chemical signatures as evidence. A stalagmite is a type of a rock formation that forms on the floor of a cave due to the accumulation from ceiling drippings.

Geologists divide up the Earth's existence into slices of time. We currently live in what is called the Holocene, which reflects everything that has happened over the past 11,700 years. Further, the Holocene is subdivided into three parts, the Greenlandian, the Northgrippian, and the youngest addition, the Meghalayan. The Greenlandian runs from 11,700 to 8,200 years ago; the Northgrippan runs from 8,200 to 4,200 years ago, and finally, the Meghalayan runs from 4,200 years ago to present.

Scientists identify these ages by geologic age dating, where they assign an age to a material, like a rock, and then calculate the history of the earth by relating it to time, along with major event in the Earth's past, such as the break-up of continents, dramatic shifts in climate and more. This discipline is called geochronology.

The International Commission on Stratigraphy is the official keeper of geologic time.

Points to Remember
Name of the Age: Meghalayan
Time: 4200 years to present
Material: Stalagmite
Major event: The Meghalayan age began when a mega-drought devastated civilisations across the world, whose effects lasted two centuries. It severely disrupted civilisations in Egypt, Greece, Syria, Palestine, Mesopotamia, the Indus Valley, and the Yangtze River Valley.

Miscellaneous

India's 1st Transgender Poets' Meet

19-07-2018

To see how transgender people can share their plight through literature and what role literature plays in helping them to express themselves, the Sahitya Akademi, the country's national academy of letters under the Union Culture Ministry organised india’s 1st transgender poets' meet at Kolkata.

Miscellaneous

ISRO Ropes In 3 Partners

19-07-2018

The Indian Space Research Organisation (ISRO) has roped in three partners to help it assemble 27 satellites at a quick pace over the next three years. ISRO’s nodal satellites division URSC (U.R. Rao Satellite Centre) has signed separate three-year contracts with Alpha Design Technologies P Ltd and its six consortium members; with defence public enterprise Bharat Electronics Ltd; and with Tata Advanced Systems Ltd, Hyderabad.

Miscellaneous

Adoption Procedure Simplified

19-07-2018

Adoption process is set to get simple for prospective parents, who will now not be required to make several rounds to a court to seek an adoption order as the Union Cabinet has authorised District Magistrates or District Collectors to do so. The Union Cabinet has approved amendments to the Juvenile Justice Act, 2015 to enable speedier adoption of children.

Important Days

18 July: Nelson Mandela International Day

18-07-2018

Nelson Mandela International Day is a global event held annually to honor former South African president and anti-apartheid activist Nelson Mandela. This year marks 100 years since the birth of Nelson Mandela (18 July 1918). The Nelson Mandela Foundation is dedicating this year's Mandela Day to Action Against Poverty.

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