1st January 2018 Events - Important Daily Current Affairs

January 1, 2018 Share Like Labels: gr8

Daily Current Affairs of 1st January 2018

International Current Affairs

Today (1st January 20187) is World Day of Peace.
- This is a feast day of the Roman Catholic Church dedicated to universal peace.
- This day was first observed on 1 January 1968.
- Theme of World Day of Peace 2018 : ‘Migrants and Refugees: Men and Women in search of Peace’
- Important Note : Don't be confused between this day and International Day of Peace. The International Day of Peace is observed annually on 21 September.
India and Pakistan have exchanged lists of their nuclear installations for the 27th consecutive time under the Prohibition of Attack against Nuclear Installations Agreement.
- The annual exchange of lists is aimed at updating the nations about the installations to be covered under the agreement.

National Current Affairs

The Telangana government today launched a round-the-clock power supply to the state's 23 lakh farmers free of cost.
President Ram Nath Kovind today gave his assent to The Indian Institutes of Management Bill, 2017.
- The bill which has now become a law, grants greater autonomy to the institutes, restricting the government's role in their functioning.
- This bill allows IIMs to award degrees instead of diplomas to their graduates.
Arunachal Pradesh has been declared open defecation free ahead of the national deadline of October 2, 2019.
- The milestone was achieved after the state announced an incentive of ₹8,000 in addition to the ₹12,000-grant provided by the Centre for building toilets.
- Important Note : Madhya Pradesh, Maharashtra, Chhattisgarh, Jharkhand, and Haryana were already declared open defecation free states in October 2017.

Banking, Business & Economic Affairs

Saudi Arabia and the United Arab Emirates (UAE) introduced Value Added Tax (VAT) from today for the first time.
- This comes as the Gulf nations aim to diversify their revenue generation from sources other than oil and cope with low oil prices.
- Note : The other members of the Gulf Cooperation Council– Bahrain, Kuwait, Oman, and Qatar– have also committed to introducing VAT.
The Centre has made it mandatory for e-commerce firms to display the maximum retail price (MRP) on goods from today.
- Amendments in this regard were made to the Legal Metrology (packaged commodities) Rules in June 2017.
- Along with MRP, the companies have to display manufacturing and expiry date, net quantity, country of origin and consumer care details on the label.

Science & Technology

To explore the sun’s outer atmosphere, the National Aeronautics and Space Administration (NASA) is going to launch Parker Solar Probe in this year 2018.

Sports Current Affairs

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