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Current Affairs of 3 Jan 2018

Keshav Kishore, Published On:03-Jan-2018



1.       Global warming can make one fourth earth arid

• If global warming is limited to the target of two degree Celsius then over a quarter of the world’s land could become significantly drier.

• This threat could be averted if warming is limited to 1.5 degree Celsius.

• This aridity can lead to draughts and wildfires.

• Researchers from the University of the UK and China have identified the areas of world where aridity will substantially change when compared to the year-to-year variations they experience now.


2.       FRDI Bill: No fear for Depositors

• In a recent clarification, the Union government has said depositors will be given preferential treatment in the event of liquidation of a bank and the controversial bail-in clause will be used only with prior consent of depositors.

• There is a provision in the section 52 of Financial Resolution and Deposit Insurance Bill (FRDI) which mentions that a depositor’s money, among other things, can also be used in the resolution mechanism for banks.

• National Company Law Tribunal can step in and can order for compensation in case of liquidation.


3.       NARI portal launched for women

• The portal was launched by Minister of Women and Child Development Maneka Gandhi.

• This portal carries details on 350 different schemes for women and will be updated from time to time.

• The minister also launched another website for NGOs called e-SAMVAD, an interactive portal allowing NGOs to contact the ministry and share their feedback, suggestions, grievances and their best practices.


4.       Karnataka will purchase electric vehicles under FAME India scheme

• Karnataka government has gotten approval from the Department of Heavy Industries of Union government to purchase electric vehicles under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicle (FAME) scheme.   

• The state will purchase 40 electric buses, 100 four wheelers and 500 three wheelers at maximum of 60% subsidy under FAME scheme.

• The objective of FAME India scheme is to provide fiscal and monitory incentives for adoption and market creation of both electric and hybrid technologies vehicles in the country.


5.       No entry in Bhitarkanika National Park

• The forest department has banned entry for seven days in Bhitarkanika National Park so that annual census of estuarine crocodiles can be done.

• The park is located in Kendrapara district of Odisha .

• The National Park status was conferred to it in 1998 and it was designated as Ramsar site in Aug 2002.






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