Top 5 Current Affairs: 8 May 2018

May 8, 2018 19:04 IST
Top 5 Current Affairs: 8 May 2018

India, Guatemala agree to support each other for non-permanent membership of UNSC

India and Guatemala have agreed to support each other’s candidature for Non-Permanent Membership in the United Nations Security Council. Guatemala will support India’s candidature for UNSC membership for 2021-22 while India will do so for Guatemala for 2031-32.

The decision was one of the many outcomes of the extensive high-level talks that took place between Indian Vice President M Venkaiah Naidu and Guatemalan President Jimmy Morales, Vice President Dr, Jateth Cabrera Franco and Parliamentary Speaker Alvaro Arzu Escobar in capital Guatemala City on May 7, 2018.

ISRO develops atomic clock for indigenous navigation satellites

The Indian Space Research Organisation (ISRO) has developed an atomic clock that will be used in navigation satellites to measure precise location data.

The atomic clock has been developed by Ahmedabad-based Space Applications Centre (SAC) and is currently undergoing a series of qualification tests. Once tested successfully, it will be used in an experimental navigation satellite to test its accuracy and durability in space.

With the development of the atomic clock, ISRO has become one of the few space organisations in the world that are capable to develop this highly sophisticated technology.

India, World Bank sign USD 200 million loan agreement for National Nutrition Mission

India on May 8, 2018 signed a loan agreement with the World Bank worth USD 200 million for the National Nutrition Mission (POSHAN Abhiyaan).

The loan will support Indian Government’s National Nutrition Mission that aims to reduce stunting in 0-6 years old children from 38.4 percent to 25 percent by the year 2022.

The PM’s Overarching Scheme for Holistic Nourishment (POSHAN) Abhiyaan, also known as National Nutrition Mission, was launched by the Prime Minister Narendra Modi on March 8, 2018 at Jhunjhunu, Rajasthan with a total budget of Rs9046.17 crore.

GST, bank balance sheet problems pushed India’s economic growth downward: UN report

The UN Economic and Social Commission for Asia and the Pacific (ESCAP) on May 8, 2018 released the 2018 Economic and Social Survey of Asia and the Pacific.

As per the UN report, India’s economic growth was pushed downward in 2017 due to the implementation of the Goods and Services Tax (GST) as well as due to issues such as bank balance sheet problems. Moreover, these factors led to the decline in India’s GDP in 2017 to 6.6 percent, from 7.1 percent in 2016.

The report indicates that the country is expected to recover gradually and grow at 7.2 percent in 2018 and 7.4 percent in 2019.

Packaged food labels to display if they contain GM ingredients: FSSAI

The Food Safety and Standards Authority of India (FSSAI) on May 8, 2018 proposed that all packaged food products containing Genetically Modified (GM) ingredients should clearly state it on their labels.

In its 42-page draft notification titled ‘Food Safety and Standards (Labelling and Display) Regulations, 2018’, FSSAI called for making it mandatory to label food stuffs as ‘Contains GMO/Ingredients derived from GMO’, if the items contain 5 percent or more Genetically Engineered (GE) ingredients.

The authority will formally notify the provisions for implementation after thoroughly analysing the stakeholders’ opinion on the issue.


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Read more Current Affairs on: Top 5 Current Affairs , Current Affairs 2018 , UNSC , GST , ISRO , FSSAI , UN Report

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