Weekly Current Affairs News: April 16 – 22nd, 2018

Welcome to ‘Weekly Current Affairs news’ from HashLearn. In this article, all the IBPS, SSC, CLAT and Railway students can get acquainted with the top events that made headlines during the week of 16th – 22nd April and prepare for their respective ‘General Awareness’ section. Read on as we will be covering all the important Bank related, International, National, Business and Sports news.



Important News from Banking Sectors


RBI Revises Its KYC Guidelines


The RBI has made linking of national biometric ID Aadhaar to bank accounts mandatory, though the final decision will be made by the Supreme on whether Aadar needs to be made mandatory or not. These KYC norms have been revised following the government’s decision to update the ‘Prevention of Money Laundering’ rules in June last year.


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SBI Allows Cash Withdrawal Through PoS Machines

State Bank of India has 4.78 lakh cash Point of Sale (PoS) machines for all customers holding debit cards, as informed by country’s largest lender in a tweet on its official handle. The withdrawal cash limit can go up to Rs. 2,000 in Tier 3, Tier 4, Tier 5 and Tier 6 cities while it is limited to Rs. 1,000 in Tier 1 and Tier 2 cities per card per day. Currently, SBI is providing cash withdrawal through PoS without any fees or charges to all bank customers.


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 NABARD Approves Rs 14,690 Cr Funding To Rajasthan

National Bank for Agriculture and Rural Development (NABARD) has extended total credit support of Rs 14,690 crore to Rajasthan for 2017-18. Rajasthan has been one of the biggest beneficiaries under the Rural Infrastructure Development Fund of NABARD, under which NABARD disbursed concessional loan of Rs 1,851.29 crore to the state government during 2017-18. 

Important Current Affairs News


International News


UK joins International Solar Alliance


The United Kingdom joined the India-led International Solar Alliance (ISA) ahead of Prime Minister Narendra Modi’s four-day visit to Britain. At an event held at the London Stock Exchange as part of the Commonwealth Heads of Government Meeting 2018 (CHOGM), Britain formally announced its membership of the alliance, which aims to raise $1 trillion of private and public finance to provide affordable and sustainable energy for all by 2030.


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Swedish DJ, Musician Avicii Dies at 28


Swedish DJ & record producer Avicii, one of the biggest stars of electronic dance music was found dead in Oman. Avicii, known for international hits like Wake Me Up & Hey Brother, announced in 2016 that he was retiring from touring. Avicii won a number of American & Billboard music awards for his EDM work. He was nominated for 2 Grammy Awards for best dance recording in 2012 & 2013


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New York Times and New Yorker Share Pulitzer for Public Service

The prize for public service, considered the most prestigious of the Pulitzers, went to The New York Times and the New Yorker magazine for their revelations of sexual harassment and abuse that had gone on, unheeded and unpunished, in the spheres of Hollywood, politics, the media and Silicon Valley.

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K-Pop Group BTS won TIME 100 Reader Poll

South Korean pop group BTS has won the online reader’s poll for TIME ‘Person of the Year 2018’. South Korean President Moon Jae-in finished second with 5% votes, followed by former US President Barack Obama with 3% votes. The group won the Top Social Artist title at last year’s Billboard Music Awards and earned a spot on TIME’s list of the Most Influential People on the Internet in 2017.


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SpaceX launched NASA’s planet-hunting TESS

NASA has blasted off it’s newest planet-hunting spacecraft ‘TESS’ that aims to scan 85% of the skies for cosmic bodies where life may exist. TESS is expected to reveal 20,000 planets beyond our solar system, including more than 50 Earth-sized planets & up to 500 planets less than twice the size of Earth. Tess will survey more cosmic terrain than its predecessor, Nasa’s Kepler Space Telescope.


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Jim Bridenstine to be the new NASA chief

US Senate has confirmed President Donald Trump-nominated Representative Jim Bridenstine to serve as NASA’s 13th administrator. His confirmation following a vote in the Senate ends the longest span of time that NASA has operated without a permanent leader. Bridenstine, a pilot in US Navy Reserve currently serves on the House Armed Services Committee & Science, Space & Technology Committee.


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Cuba gets its first non-Castro President


Cuba has selected First Vice President Miguel Mario Diaz-Canel Bermudez as the sole candidate to succeed Raul Castro as president of Cuba. Miguel is the first leader outside the Castro dynasty to lead the country since the 1959 revolution. Raul Castro will remain head of the Communist party, designated by the constitution as “the superior guiding force of society and the state.


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Prince Charles to be next head of Commonwealth

Prince Charles will be the next head of the Commonwealth, succeeding, his mother Queen Elizabeth.The Queen has been head of the Commonwealth since coming to the throne in 1952, but the position is not automatically held by the British monarch. As the Queen no longer goes abroad, the current summit in London in all likelihood will be her last.


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National News


India, Sweden to cooperate in Smart Cities


The two countries will exchange knowledge and explore cooperation on smart cities, including transit-oriented urban development, air pollution control, waste management, waste-to-energy, waste-water treatment, district cooling and circular economy, including through dialogue and capacity building.


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District plan to accelerate growth by 3%

Govt has decided to set up a district plan to accelerate the growth of districts by 3%. An addition of 3% growth at the district level will ensure that 5 trillion dollars target for the Indian economy becomes achievable. The initiative will begin with 6 districts, including Sindhudurg & Ratnagiri in Maharashtra, Varanasi in UP, Muzaffarpur in Bihar, Vishakapatnam in Andhra Pradesh & Solan in HP.


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India: World’s 2nd largest unbanked population

According to World Bank, India has 19 crore adults without a bank account, making it the world’s 2nd largest unbanked population. India’s adult population with a bank account has more than doubled to 80% since 2011. Jan-Dhan Yojana has brought an additional 310 million Indians into formal banking system by March 2018. China has world’s largest unbanked population, followed by India & Pak. 



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Ambani in World’s Greatest Leaders’ list

Richest Indian Mukesh Ambani has been named by Fortune magazine as the World’s Greatest Leaders of 2018. Ambani was ranked No.24 behind likes of South Korean President Mon Jae-in, Chinese vice premier Liu He and French President Emmanuel Macron. Ambani’s ‘Jio-fication’ in less than two years has brought mobile data to the masses and has completely upended the country’s telecom market.



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Business News


The 1st Indian company with $100bn market cap

Tata Consultancy Services has moved closer to the $100 billion mark in market capitalisation as its share price surged nearly 7%, adding about $6.2 billion to its valuation. The IT major is set to be the first listed Indian company to achieve this milestone. TCS is the leading the chart as the most valued firm followed by Reliance Industries, HDFC Bank, ITC and HU.


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M&M joins Rs 1-trillion m-cap club

Mahindra & Mahindra Ltd entered the coveted Rs 1 trillion market capitalisation club after its share price hit a fresh 52-week high on the BSE. Following the jump in its m-cap, M&M has joined the ranks of Ultra Tech Cement, Power Grid Corporation, and IndusInd Bank. The company’s market capitalisation (m-cap) jumped to Rs 1,01,829.91 crore.


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Ola to introduce 10,000 EVs

App-based cab aggregator Ola plans to introduce 10,000 e-rickshaws and electric autorickshaws in India in the next 12 months.The ride-hailing company is in talks with state governments, OEM partners and electronic vehicle innovators to speed up the introduction of EVs in India. Ola aims to bring one million electric vehicles on the road by 2021.


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Facebook introduces new privacy choices

Facebook would begin rolling out changes to how it handles private data this week to comply with forthcoming EU rules.Under the new policy, FB users will be asked to review & make choices about ads they receive, including whether they want Facebook to use data from third parties. FB has recently been rocked by disclosures about a hijacking of personal data on tens of millions of its users.


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 Amazon launches international shopping from US

Amazon has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from U.S. It will allow customers to shop in 25 currencies, with more languages and currencies to be added in 2018. The international shopping feature will display pricing, shipping costs and import duty estimates. 



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Sports News


Yuki Bhambri back in top-100

Tennis star Yuki Bhambri today broke back into the top-100 for the first time since February 2016. As per the latest rankings, he jumped 22 places to a career-best rank of 83. This follows his title-winning performance at the Taipei Challenger. This is the best rank an Indian has achieved in ATP singles chart since Somdev Devvarman touched a career-high 62 in July 2011.



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Swimmer Shelar created world record

Pune-based 17-year-old swimmer Sampanna Ramesh Shelar became the first person in the world to double cross Bangla Channel.Shelar became the first person to swim to and fro from Saint Martin’s Island Jetty to Teknaf in Bangladesh also known as the Bangla Channel. Sampanna started swimming at about 5 am on 13th April and completed the journey of 32.2 kilometers in 9 hours and 10 minutes.


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Bengaluru FC won Super Cup Football tournament


Bengaluru FC has won the inaugural edition of Super Cup Football tournament. In the final at the Kalinga Stadium in Bhubaneswar, they defeated Kolkata football giants East Bengal by a convincing margin of 4-1. Bengaluru thus maintained their record of winning a trophy in each of the five seasons they have been in existence.


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These were some of the most recent news in the past week. Stay tuned with HashLearn for more weekly current affairs updates.




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