15th January 2018: 70th Army Day

• 15th January 2018: 70th Army Day

The 70th Army Day is being celebrated today (15th January 2018). The day is celebrated to pay homage and salute to the courageous and brave Indian soldiers who have been sacrificing their lives for protecting the country. 

Every year on this day, the ‘Army Day’ is celebrated to commemorate the day when General (later Field Marshal) K.M Carriappa took over the command of Army from General Sir F.R.R Bucher, the last British Commander-in-Chief in 1949 and became the first Commander-in-Chief of Indian Army post Independence.

Static/Current Takeaways Important for Canara Bank PO Exam 2018-

• Chief of the Army Staff- General Bipin Rawat. 
• The Indian Army is the land-based branch and the largest component of the Indian Armed Forces.
• The President of India is the Supreme Commander of the Indian Army.

• WEF Ranks India 30th on Global Manufacturing Index

The World Economic Forum (WEF) has ranked India at 30th position on a global manufacturing index - below China’s 5th place but above other BRICS peers, Brazil, Russia and South Africa.

Japan has been found to have the best structure of production in the Geneva-based WEF’s first ‘Readiness for the future of production report’ and is followed by South Korea, Germany, Switzerland, China, Czech Republic, the US, Sweden, Austria and Ireland in the top 10. Among BRICS nations, Russia is ranked 35th, Brazil 41st and South Africa at 45th place.

Static/Current Takeaways Important for IBPS Clerk Mains Exam 2018-

• WEF was established in 1971.
• The WEF is the International Organization for Public-Private Cooperation.
• President of the World Economic Forum- Borge Brende.

• Federal Bank ties up with Hedge Equities

Federal Bank has entered into a strategic partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. A formal agreement was executed in which Jose K Mathew (EVP & Head Retail Business, Federal Bank) and Alex Babu (MD, Hedge Equities Ltd) exchanged the MoU announcing the tie-up.

Federal Bank is authorised by the RBI to issue permission letter to NRIs on behalf of the RBI to transact in secondary market. 

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