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Evening News Digest 26 July 2018

Invest India, Business France Sign Mou to Promote Investment

  • Invest India and Business France have signed an MoU to promote investment facilitation and cooperation between start ups of India and France.
  • The goal will be to facilitate direct foreign investment by providing practical investment information to enterprises and support the companies pursuing those opportunities which contribute positively to economic growth of the two countries.
  • Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities and exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in the French and Indian private sector, creating a dedicated support structure to facilitate inbound companies and start ups.
  • Invest India is the official Investment Promotion and Facilitation Agency of the Government of India, mandated to facilitate investments in the country.
  • What is Invest India :
  • Invest India is set up as a non profit venture under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industries, Government of India.


Global Disability Summit held in London

o   On 24 July 2018 the UK government will co-host its first ever Global Disability Summit with the International Disability Alliance and the Government of Kenya.

o   The summit will take place at the Queen Elizabeth Olympic Park in London and will bring together more than 700 delegates from governments, donors, private sector organisations, charities and organisations of persons with disabilities.

o   It will host the first-ever Global Disability Summit in London, UK.


  • Global Disability Summit :

o   The International Disability Alliance (IDA) was established in 1999 as a network of global and, since 2007, regional organisations of persons with disabilities (DPOs) and their families.

o   IDA was instrumental in establishing the International Disability Caucus (IDC), the network of global, regional and national organisations of persons with disabilities and allied non-governmental organisations (NGOs)

o   It is a key player in the negotiation of the United Nations Convention on the Rights of Persons with Disabilities (UN CRPD).



PM Modi to attend 10th BRICS Summit in Johannesburg

  • Prime Minister Narendra Modi will address the 10th BRICS Summit in Johannesburg, South Africa.
  • The theme of this year's summit is, 'BRICS in Africa - collaboration for inclusive growth and shared prosperity in the 4th industrial revolution.
  • Besides Mr Modi, heads of the four other BRICS nations - Brazil, Russia, China and South Africa - will take part in the meeting.
  • They are expected to deliberate upon global hot-spot issues, international peace and security, global governance and trade issues among others.
  • The three-day summit began with the BRICS Business Forum Meet.
  • This year marks the decade of co-operation between BRICS nations..
  • Mr Modi reached South Africa last evening on the final leg of his 3-nation visit to Africa.
  • BRICS: The five BRICS countries represent over 3.1 billion people, or about 41% of the world population; four out of five members (excluding South Africa at #24) are in the top 10 of the world by population.
  • As of 2018, these five nations have a combined nominal GDP of US$18.6 trillion, about 23.2% of the gross world product, combined GDP (PPP) of around US$40.55 trillion (32% of World's GDP PPP) and an estimated US$4.46 trillion in combined foreign reserves.


19th anniversary of Kargil Vijay Diwas being celebrated

  • The 19th anniversary of Kargil Vijay Diwas is being celebrated on 26 July 2018.
  • The day marks India's victory over Pakistan in the 1999 Kargil War and remembers those who sacrificed their lives for the country.
  • On 26th July, 1999, India successfully took command of the high outposts which had been lost to Pakistani intruders.
  • The war was fought for more than 60 days.
  • The three-day celebrations began at the Drass War Memorial in Kargil town in Jammu and Kashmir.
  • Kargil Vijay Diwas, named after the success of Operation Vijay.
  • 26 July 1999, India successfully took command of the high outposts which had been lost to Pakistani intruders. The Kargil war was fought for more than 60 days, ended on 26 July and resulted in the loss of life on both the sides.


First lake of liquid water is discovered on Mars

o   A massive underground lake has been detected for the first time on Mars, raising the possibility that more water — and maybe even life — exists there, international astronomers.

o   Located under a layer of Martian ice, the lake is about 12 miles (20 kilometers) wide, the report led by Italian researchers in the US journal Science.

o   It is the largest body of liquid water ever found on the Red Planet.

o   Mars is now cold, barren and dry but used to be warm and wet. It was home to plenty of liquid water and lakes at least 3.6 billion years ago.



o   Scientists are eager to find signs of contemporary water, because such discoveries are key to unlocking the mystery of whether life ever formed on Mars in its ancient past, or if it might persist.

o   Being able to access water sources could also help humans survive on a future crewed mission to Earth's neighbouring planet.

o   This particular lake, however, would not be drinkable, and lies almost a mile deep (1.5 kilometers) beneath the icy surface in a harsh and frigid environment.

o   Whether microbial forms of life lie within is a matter of debate.

o   The discovery was made using radar instruments on board the European Space Agency's Mars Express orbiter, which launched in 2003.



o   The tool is called the Mars Advanced Radar for Subsurface and Ionosphere Sounding (MARSIS), and was designed to find subsurface water by sending radar pulses that penetrate the surface and ice caps.


Trump, EU's Juncker agree to ease trade tensions

o   US President Donald Trump and European Commission chief Jean-Claude Juncker agreed on a plan to defuse the festering trade dispute between the two major economies.

o   The agreement, though short on details, means Washington will not follow through with a threat to impose tariffs on autos, which would hurt the dominant German car industry.

o   Work to “resolve” the existing duties on steel and aluminum imposed by Washington, which had angered key allies including the European Union.

o   In addition, the EU has made a commitment to buy US soybeans and natural gas.

  • Impact of Trump of U.S.Trade :

o   Brussels retaliated against the metal tariffs, imposing punitive duties on more than $3 billion of US goods, including blue jeans, bourbon and motorcycles, as well as orange juice, rice and corn.

o   Canada, Mexico, and China — the main target of Trump’s trade offensive — also hit back with steep duties on US goods, and have filed complaints against Washington at the WTO.

o   While the US claims the retaliation was “illegal,” the Trump administration has acknowledged it is doing damage to American farmers, and announced it will provide up to $12 billion in aid to farmers hurt by trade tariffs.




Pavard's goal against Argentina voted best goal of FIFA World Cup

o   Benjamin Pavard's stunning strike in France's World Cup last-16 victory over Argentina has been voted the best goal of the tournament in Russia.

o   The defender, who showed superb technique to fire into the top corner, received the most votes cast by three million fans on the Fifa website.

o   France beat Croatia 4-2 in the final to win the trophy for the second time.

o   Juan Quintero's clever free-kick for Colombia against Japan came second.




Pawan Shah hits second highest individual score in U-19 internationals

  • Young Maharashtra batsman Pawan Shah smashed 282, the second highest individual score in U-19 internationals, along with six consecutive boundaries in an over as India posted a mammoth 613 for 8 against Sri Lanka on the second day of the final ‘Youth Test’ in Hambantota.
  • The Indian innings was declared when Shah, an 18-year-old right-hander from Pune, was dismissed after missing out on a triple hundred by 18 runs.
  • His 282 came off 332 balls with 33 boundaries and a six in just under seven hours.
  • Highest score was 304* by Clinton Peake v.   India in Melbourne Cricket Ground at Melbourne.


John Gregory named ISL coach of the year

  • John Gregory, the Chennaiyin FC head coach, has bagged the ISL Coach of the Year award instituted by the Association of Indian Football Coaches (AIFC).
  • The award was presented at AIFC’s inaugural awards at the DY Patil School of Medicine in Navi Mumbai.
  • Gregory was recognised for guiding Chennaiyin FC to its second ISL title in March this year, in his first ever coaching stint in India.
  • Under Gregory, Chennaiyin FC won its second ISL title in March, finishing the campaign with an eight-game unbeaten run.
  • The victory also ensured CFC a place in the 2019 AFC Cup.



KitKat’s four-finger shape can’t be trademarked: EU Court

o   That will come as a relief to lovers of a Norwegian chocolate bar, the Kvikk Lunsj, that has a similar shape,

o   European Union judges have ruled that the four-fingered shape of the KitKat chocolate bar is not distinctive enough to be trademarked.

o   KitKat maker Nestle, the food multinational, has been trying since 2002 to establish a European trademark for the snack. But the European Court of Justice in Luxembourg on July 25 ruled against it.

o   That will come as a relief to lovers of a Norwegian chocolate bar, the Kvikk Lunsj, that has a similar shape

o   Its maker, Mondelez, can continue to market and sell the 80-year-old Kvikk Lunsj brand throughout the E.U.

o   The snack was established in 1937, two years after KitKat hit the shelves in the U.K.

o   Norway is not part of the E.U., but as part of the European Economic Area, takes many of the bloc’s rules.



Audio Current Affairs: 2018

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