THE EXAMS MADE SIMPLE: 12th February 2018 The Hindu and PIB Daily Current Affairs

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12th February 2018 The Hindu and PIB Daily Current Affairs

1)PM Modi lays foundation stone of first Hindu temple in Abu Dhabi:- Prime Minister Narendra Modi laid the foundation stone-laying ceremony for construction of first traditional Hindu temple in Al Wathba, Abu Dhabi, the capital city of United Arab Emirates (UAE).

2)ONGC acquires 10 per cent stake in UAE’s Zakum oilfield:- Oil and Natural Gas Corporation (ONGC)-led consortium of Indian state oil firms have acquired 10% stake in Abu Dhabi’s offshore Lower Zakum Concession FOR $600 MILLION.





Probable Prelim Question Can be :-

Q. UAE Shares its land border with 

i)Saudi Arabia
ii)Kuwait
iii)Oman
iv)Iran

a) i and ii
b) i & iii
c) i , ii and iii
d) all of the above


Answer is B) i and iii 

3)Initiative by Tata Trust : Indian Health Fund:-Tata Trusts, in collaboration with the Global Fund has come forward to financially support innovations and technologies designed to combat tuberculosis and malaria.

4) In a bid to tackle the countrywide public health threat of intestinal worm infections in children and related morbidity, all states and Union territories conducted the National Deworming Day on February 10th, as mandated by the Union ministry of health and family welfare.




5)Independent debt management office must be set up: NITI Aayog:-

NITI Aayog has made strong case for setting up independent Debt Management Office for better servicing of loans that will lead to substantial reduction in India’s interest payment.

What is the Current Practice:- At present, government debt (both Internal and external), including market borrowing, is managed by Reserve Bank of India (RBI).

Setting up independent Debt Management Office will help to resolve issues relating to conflict of interest as RBI decides on key interest rates as well as undertakes buying and selling of government bonds.

Setting of a new office will divest RBI of its dual and often conflicting roles as banker and manager of Central Government’s borrowing.

In his February 2015 Budget speech, Finance Minister Arun Jaitley had proposed to set up independent Public Debt Management Agency (PDMA) within the finance Ministry.

6)First Woman Chief Justice for Manipur:- Justice Abhilasha Kumari who was in Gujrat High Court was recently sworn in as the Chief Justice of the High Court of Manipur.

She is the first woman Chief Justice of the High Court of Manipur.

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