February 5 Current Affairs 2018

(TNPSC, SSC, BANK, UPSC, RAILWAY)

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February 5Current Affairs

1. Oil prices sink 1% amid global market plunge, U.S. output spree

 Brent crude futures were at $66.95 per barrel at 0148 GMT, down 67 cents, or 1%, from the previous close and more than $4 below their high point for 2018, hit last month.  U.S. West Texas Intermediate (WTI) crude futures were at $63.48 a barrel. That was down 67 cents, or 1%, from their last settlement, and more than $3 off their 2018 high.

TAKEAWAYS

1. Oil India - Natural gas liquids company 2. Headquarters - Noida

2. Maldives President declares emergency, former leader arrested

 The Maldives government declared a state of emergency for 15 days, before heavily armed troops stormed the country's apex court and a former President was arrested amid a spiralling political crisis that followed a surprise Supreme Court ruling last week.  In an announcement, President Abdulla Yameen‟s office said: “During this time, though certain rights will be restricted, general movements, services and businesses will not be affected.”

TAKEAWAYS

1. Official languages - Maldivian (Dhivehi) 2. Currency - Maldivian rufiyaa

3. Bitcoin PoS maker eyes India entry

 The Jakarta-based Pundi X is planning to bring cryptocurrency Point of Sale (POS) devices into India. This is significant given that the government, in its Budget last week, had made it clear that cryptocurrencies were not legal tender in India.  Jakarta‟s Pundi X plans global roll-out of 1 lakh devices; „India accounts for 10% of bitcoin trade volume‟“We respect the sovereignty of the local currency,” Zac Cheah, CEO of Pundi X told “We have developed a platform based on blockchain technology to facilitate secure transactions.”

TAKEAWAYS

1. Bitcoin created in 2008 by Satoshi Nakamoto. 2

February 5Current Affairs

2. Bitcoin is potentially vulnerable to certain types of attacks.

4. Equities extend slide on global sell-off; Sensex sheds 310 points

 Extending losses for a fifth straight session, the BSE benchmark Sensex plunged nearly 310 points to close at a three-week low of 34,757.16 and the NSE Nifty fell over 94 points to 10,667, dragged down by concerns over certain budget proposals and sell-offs in global markets.  Investors also seemed cautious ahead of the RBI policy meet as they feel that repo rate might be increased amid inflation concerns, brokers said.

TAKEAWAYS

1. Sensex, otherwise known as the S&P BSE Sensex index 2. Bombay Stock Exchange (BSE).

5. Sensex slips below 35,000 in opening trade

 The BSE Sensex dipped below the 35,000-level by plunging around 546 points in opening trade on Monday, February 5, 2018, on heavy losses in metal, realty, capital goods, banking and oil & gas stocks amid a global rout in equity markets.  The BSE 30-share barometer tanked 545.95 points, or 1.55 per cent, to 34,520.80. The gauge had lost 1,216.50 in the previous four sessions following imposition of long-term capital gains of 10 per cent on equities in the Budget 2018.

TAKEAWAYS

1. Website - www.bseindia.com 2. The term Sensex was coined by Deepak Mohoni, a stock market analyst

6. Apple raises iPhone prices by up to 3.6%

 Within days of the government increasing customs duty on mobile phones, tech major Apple has raised prices of the iPhone by up to 3,210 across models.It has also increased the prices of Apple Watch by up to 2,510, according to information available on Apple website.  The maximum retail price (MRP) of the 256GB version of iPhone X has been raised by 3,210 to1,08,930.The price of iPhone 6 (32GB) has been increased 3.6% (1,120) and will now cost 31,900.

TAKEAWAYS

1. Date introduced ffor IPHONE: 29 June 2007 2. It run Apple's iOS mobile operating system 3

February 5Current Affairs

7. Rupee drops 29 paise against dollar

 The rupee 29 paise to trade at 64.36 against the US dollar on frenetic dollar demand from importers and banks.Dealers said early losses in domestic equity markets and fresh foreign fund outflows weighed on the rupee.  February 4, the rupee had ended with a mere fall of one paisa at Rs 64.07 against the American currency.

TAKEAWAYS

1. currency of japan - Japanese yen 2. currency of China - Renminbi 3. currency of russia - russian ruble

8. Procedural fairness must in Govt procurement: Jaitley

 Finance Minister Arun Jaitley said the Centre would have to ensure procedural fairness in matters of public procurement as well as in award of contracts, and warned that a „pick-and-choose‟ system in commercial activities of the State would lead to allegations of corruption and nepotism

9. BCCI likely to shift headquarters to Bengaluru once NCA takes shape

 The BCCI might shift its headquarters from the iconic Wankhede Stadium in Mumbai to Bengaluru once the National Cricket Academy (NCA) takes shape in the next couple of years.  The BCCI has now got its own land — a huge 40 acre plot in the outskirts of the Garden City where a state of the art NCA will be built.

TAKEAWAYS

1. Formed - December 1928 2. Headquarters – Wankhede Stadium.

10. Japan has set a new spaceflight record

 The country's Aerospace Exploration Agency (JAXA) has successfully launched the smallest-ever rocket to carry a satellite into orbit, a modest SS-520 sounding rocket modified with a third stage inside its nose cone to get its payload into orbit.

TAKEAWAYS

1. Prime Minister - Shinzō Abe 4

February 5Current Affairs

2. Emperor - Akihito.

11. Asian to get $21 mn from CDC Group

 CDC Group Plc, the U.K.‟s development finance institution, has decided to invest $21 million (₹139 crore) in Asian Institute of Medical Services (Asian) to enable the healthcare service provider to expand to tier-2 and tier-3 cities in Jharkhand, Bihar and Uttar Pradesh.

TAKEAWAYS

1. CDC Group plc is a development finance institution 2. Founded - 1948

12. Madras HC upholds validity of new rules for Bar council polls

 The Madras High Court upheld validity of new eligibility conditions imposed by a special committee, chaired by Advocate General Vijay Narayan, for lawyers to contest in ensuing elections to Bar Council of Tamil Nadu and Puducherry.  It deferred its decision to a later date.The new rules bars lawyers holding office in any political party, criminal background and those having less than 10 years of experience in the Bar .

TAKEAWAYS

1. Formed - 1961 2. Headquarters - New Delhi

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