Tatva Current Affairs

India to host 3rd Annual Meeting of Board of Governors of AIIB                                  I ndia will host third Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) in Mumbai, Maharashtra in June 2018.             In this regard, Union Government and AIIB Secretariat have signed MoU to delineate duties and responsibilities of major stakeholders who would be invo lved in organizing the aforesaid Annual Meeting. The theme of the annual meeting is “Mobilizing Finance for  Infrastructure: Innovation and Collaboration” Asian Infrastructure Investment Bank (AIIB)        The AIIB is multilateral financial institution proposed by China. Its purpose is to provide finance to infrastructure development and regional   connectivity projects in the Asia-Pacific region. Its goals are to boost econ...

Bihar Government launches Safe City Surveillance scheme for Women Safety         The Bihar government has launched Safe City Surveillance Scheme for checking crime against women. It aims to bring all major public places under  watch of close-circuit television (CCTV) cameras and improve overall crime control in the  Safe City Surveillance Scheme          The scheme has been launched in a phase-wise manner, will commence from capital city Patna. It has specially launched for checking crime against women,  such as harassment, eve-teasing and molestation, snatching incidents and roadside scuffles etc. It will also help in keeping a track of  miscreants           The scheme will bring all major public places under the watch of CCTV cameras. These will used for crime control as well as traffic management.  Bihar home department will be nodal agency for implementation of the surveillance ...

Union Government will soon launch Khelo India Programme        The Union Ministry of Youth Affairs and Sports will soon launch Khelo India programme for period 2017-18 to 2019-20 at cost of Rs 1756 crore. It was  announced by Union Minister of State for Youth Affairs and Sports, Rajyavardhan Rathore while addressing Yuva Sambardhana Utsav organized by Nehru  Yuva Kendra Sangathan, at KIIT Campus, Bhubaneswar. He also announced that year 2018 will be celebrated as the Year of Sports. Khelo India programme       The programme aims at mainstreaming sports as tool for individual development, community development, economic development and national development.  It will have holistic impact on entire sports ecosystem, including infrastructure, talent identification, community sports, coaching for excellence,  competition structure and sports economy.        The programme will promote 150 selected schools ...

Bodhi Parva: BIMSTEC Festival of Buddhist Heritage held in New Delhi      India hosted “Bodhi Parva: BIMSTEC Festival of Buddhist Heritage” at New Delhi as part of celebrations of 20th Anniversary of BIMSTEC. The Festival  was held at IGNCA, Janpath (Indira Gandhi National Centre for the Arts. It had diverse components including exhibition of​international and Indian  Buddhist art and ​architecture, discourses by eminent ​scholars and practitioners of Buddhism​,​ guided meditation and chanting by Buddhist monks and  ​choir, dance and music performances, screening of ​film on Buddhism and a food ​trail​. Purpose of festival       Emphasise and raise awareness of Buddhism, a rich and common heritage and mark the 20th anniversary of BIMSTEC. To spread  universal message of peace and tolerance practiced by Buddhism to address growing sense of inadequacy in face of changes and conflicts that people  and the world fac...

India and Cuba ink MoU for enhanced cooperation in Health Sector India and Cuba have signed Memorandum of Understanding (MoU) for enhanced cooperation in the health sector. The MoU is important for exchanges in the the health sector and to develop institutional framework for cooperation in the health sector between the two countries.  The objective of MoU is to  establish comprehensive inter-ministerial and inter-institutional cooperation between two countries in the field of health The main areas of cooperation under MoU include It aims at exchange and training of medical doctors, officials, other health professionals and experts. It also aims at providing assistance in  development of human resources, health services and setting up of health care facilities.  It also aims at regulation of pharmaceuticals, medical devices and exchange of information. It seeks    promotion of business development  opportunities in pharmaceuticals and othe...

 Government to constitute committee for drug pricing, new launches The Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers will constitute  multi-disciplinary committee of experts for  consultation on matters pertaining to implementation of drug price control order (DPCO) including technicalities involved in pricing and new launches It will have member secretary of National Pharmaceutical Pricing authority (NPPA) as its convener. It will also have representatives from Central Drug  Drugs Standard Control Organisation (CDSCO), Department of Health Research/Indian Council of Medical Research (ICMR) and NIPER as members Background he committee will be constituted taking in view of the experience gained from implementation of Drugs Price Control Order (DPCO), 2013 for  consultation on all technical issues related to pricing, launch of new drugs with ancillary provisions where more clarity is required Key Facts The committee is als...

Petro: Venezuela launches new virtual currency      Venezuela has launched its own cryptocurrency called Petro to circumvent US-led financial sanctions. It will be backed by the country’s vast natural  resource reserves. In this regard, Venezuelan President Nicolas Maduro has approved the creation of BlockchainBase observatory to oversee development  and rollout of new cryptocurrency. Key Fact     The Petro aims to help Venezuela to advance in issues of monetary sovereignty, to make financial transactions and overcome financial blockade. Its  value will be pegged to country’s vast reserves of oil and gas as well as its mineral wealth, including gold.     In recent time, OPEC member Venezuela which boasts world’s largest proven reserves of crude oil is struggling against plunge in oil prices which began  in 2014. With new official cryptocurrency, Venezuela hopes to overcome economic blockade imposed by US which has ...