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Current Affairs of 13 September 2018

Keshav Kishore, Published On:13-Sep-2018


1.     PM-AASHA

·   Cabinet Committee of Economic affairs (CCEA) cleared the umbrella procurement policy named as Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA).  

·   There is also an announcement of Rs. 15,053 crore scheme to ensure that farmers growing pulses, oilseeds and copra would get the minimum support prices (MSP) they are promised for their crops every year.

·   Cabinet also approved an additional government credit guarantee of Rs. 15,550 crore for procurement agencies.


2.       International Center for Transformative AI (ICTAI)

·  A Model International Center for Transformative AI is going to be set up by NITI Aayog in collaboration with Intel and Tata institute of Fundamental Research (TIFR).

·   It will develop Artificial Intelligence led application based research projects.

·   It will focus on three main areas- healthcare, agriculture and smart mobility.

·   The aim of the center is to discover, experiment and establish best practices in the domain of governance, infrastructure, fundamental research and talent acquisition.


3.     Ethanol Price hiked

·   Cabinet Committee of Economic Affairs (CCEA) gave approval for the hike in ethanol prices.

·   The decision was taken as ethanol is directly produced from 100% sugarcane juice.

·   Usage of ethanol reduces oil import bill as approx 10% ethanol is mixed with crude oil and there is a plan to raise the percentage further.

·   It will also help sugarcane farmers a lot as surplus sugar production depresses sugar price.


4.        One liner Current Affairs

· Bharat Petroleum Corporation Limited (BPCL) is planning to set-up petrochemicals plant at Rasayani in Raigad District of Maharashtra to manufacture polypropylene and polyethylene. BPCL will invest Rs. 40,000 crore for the project.

·   Retail Inflation was 3.69% in the month of August mainly due to decline in the prices of food products such as pulses, sugar and vegetables.

·   Vibha Padalkar became the new CEO of HDFC Life.

·   Index of Industrial Production grew at 6.6% due to good performance of manufacturing sector.



 Source: The Hindu, The Indian Express, PIB


















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