1) South Korean President Moon Jae-In's Visit To India: Complete Highlights
•Here are the main events that took place during the visit:
1. President Moon attended the India-Korea business forum:
•Korean President Moon Jae-in spoke at the India-Korea Business Forum. This was organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).
2. Inaugurated World's Largest Mobile Factory In Noida:
•PM Narendra Modi and South Korean President Moon Jae-in visited Noida and inaugurated the New Mobile Manufacturing Plant of Samsung at Noida. Notably, it is the world's largest mobile factory. Samsung has Invested close to 5,000 Crore Rupees in this plant and aims to Manufacture 12 Crore Mobile Handsets annually which will result in massive job creation.
3. India & South Korea Signed 5 MoUs In Field Of Science and Technology:
•India and South Korea have signed five MoUs in the field of Science and Technology in New Delhi. Science and Technology Minister, Dr Harsh Vardhan and his South Korean counterpart You Young Min signed three MoUs which are Programme of Cooperation 2018-21, Establishment of Future Strategy Group and Cooperation in Biotechnology and Bio-economy.
4. India, South Korea Ink 11 MoUs:
•India and South Korea signed 11 MOUs during South Korean President Moon Jae-in's visit to India. The MoUs signed between the two countries are:
i. Upgraded Comprehensive Economic Partnership Agreement (CEPA) was signed to facilitate ongoing negotiations on upgrading the India-RoK (Republic of Korea) CEPA by identifying key areas for trade liberalization (including shrimp, molluscs and processed fish).
ii. An MoU on trade remedies was signed for cooperation in the area of trade remedies such as anti-dumping, subsidy, countervailing and safeguard measures through consultations and exchange of information.
5. India-Korea Technology Exchange Centre Inaugurated:
•The India-Korea Technology Exchange Centre was inaugurated by the Minister of State (I/C) MSME Giriraj Singh and Minister of SMEs and Start-ups of Republic of Korea, Hong Jong- hak in New Delhi. The purpose of the Technology Exchange Centre is to create a platform for micro, small and medium enterprises of India and Korea where they can be assisted to identify and exchange latest technologies, share management expertise, product development and technology applications for product development.
2) Mukesh Ambani Dethrones Alibaba's Jack Ma As Asia's Richest Person
•Ambani's net worth now stands at $44.3 billion as compared to Jack Ma's $44 billion wealth, according to Bloomberg. Ambani has added $4 billion to his wealth this year.
3) Railways Launched Its 1st Consolidated Bridge Management System
•Mr Goyal also distributed awards to the Station Beautification competition. Balharshah and Chandrapur railway stations in Maharashtra from the Central Railway were awarded the first prize while Madhubani station of the East Central Railway and Madurai station of Southern Railway were the co-winners of the second prize.
4) UN Secretary-General Constitutes High-Level Panel On Digital Cooperation
•The Panel has a total of 20 members, representing a cross-section of expertise from Government, private industry, civil society, academia and the technical community. The Panel will hold its first in-person meeting in September 2018.
5) Telecom Commission Of India Approves Net Neutrality
What is Net Neutrality?
•Net neutrality is a principle that requires the Internet service providers to treat all content on the Internet equally without favouring or withholding access to certain websites, services or apps or charging differently based on the user, content, website or platform. The rules aim to give consumers equal access to web content and prevent broadband providers from favouring their own content.
6) Industrial Production Growth Slips 3.2% In May, Retail Inflation Rises To 5% In June
•The manufacturing sector, which constitutes 77.63% of the index, grew by just 2.8% in May, marginally up from 2.6% in the corresponding period last year. The mining sector output recorded an impressive growth of 5.7% in May as against 0.3% in May 2017. The FMCG sector was the worst performer among the user based goods segment.
7) RBI Made Purchaser’s Name On Face Of Payment Instrumentalities Compulsory
•It has been done in order to address the concerns arising out of the anonymity and to prevent money laundering. The RBI issued a notification in Mumbai to this effect to the banks. This directive will come into effect from 15th of September 2018.
8) IAAF World U20 Championship: Hima Das Bags Gold, Creates History
•51.13 seconds is her personal best and is now also the Indian U20 national record. Earlier, she competed at the 2018 Commonwealth Games in Gold Coast, finishing sixth in the final with a time of 51.32 seconds.
