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Important Current Affairs 27th April 2019

NATIONAL:

About 200 US companies seeking to move manufacturing base from China to India: Report.

• US companies are planning to set up an alternative to China by investing in India, said USISPF

• USISPF’s recommendation to the new government would be to accelerate the reforms and bring transparency

Uber is set to hit the road for the year’s biggest IPO.

• Over the past decade, Uber Technologies Inc. proved itself to be one of the most prolific young fundraisers ever. It pulled together more than $20 billion from private investors. After burning through more than half that amount in just the last three years, Uber will soon see whether it can recreate that magic on the stock market.

India hikes wheat import duty to 40% to support local farmers.

• The government on Friday said it has raised import duty on wheat to 40% from 30% in a bid to support local farmers. Indian flour millers imported 1.65 million tonnes of wheat in 2017-18 fiscal year, down from 5.7 million tonnes the year before. India's wheat production is estimated to rise by 2% in 2018-19 to record 99.12 million tonnes.

INTERNATIONAL:

Chinese brands take 66% of Indian smartphone market: Report.

• Chinese smartphone brands captured a record two-thirds of the Indian smartphone market in the first quarter of 2019, Counterpoint's Market Monitor research said. China's Xiaomi was on the top with a 29% share while South Korea's Samsung dropped to 23% from 26% last year. Indian brands reached their lowest-ever share owing to lack of innovation and slow growth, Counterpoint said.

Donald Trump to withdraw US from Arms Trade Treaty.

• US President Donald Trump has said he will withdraw the US from the international Arms Trade Treaty. The agreement, signed by former US President Barack Obama in 2013, aims to regulate the sale of weapons between countries. White House said the treaty "fails to truly address the problem of irresponsible arms transfers" because other top arms exporters haven't signed it.

BANKS AND ECONOMICS:

China smartphone maker Leagoo enters India, to invest $200mn.

• Chinese smartphone maker Leagoo has entered the Indian market with the launch of three of its smartphone models. The mobile maker said it plans to invest around $200 million (about ₹1,397 crore) to set up a manufacturing unit in India. The company targets to generate a turnover of ₹200 crore by the financial year ending 2019.

DAYS:

World Immunization Week is observed from 24 to 30 April.

• World Immunization Week 2019 is being observed from 24-30 April. The 2019 theme is Protected Together: Vaccines Work. World Immunization Week aims to promote the use of vaccines to protect people of all ages against disease. Immunization saves millions of lives every year and is widely recognized as one of the worlds most successful and cost-effective health interventions.

World Immunisation Week 2019 celebrates Vaccine Heroes from around the world from parents and community members to health workers and innovators who help ensure that all are protected, at all ages, through the power of vaccines.

SPORTS:

Gaganjeet Bhullar wins 'Outstanding Achievement as a player' award.

• Indian golfer Gaganjeet Bhullar won the 'Outstanding Achievement as a player' award at the fourth edition of the annual India Golf Industry Association (GIA) awards. Bhullar won the 2018 Fiji International, a European Tour event, and also became the youngest golfer on the Asian Tour to achieve nine career victories on tour.

Abhishek Verma won gold in 10m Air Pistol at ISSF World Cup.

• Abhishek Verma won the 10m air pistol gold medal at the International Shooting Sport Federation (ISSF)World Cup at Beijing, China. He clinched the top spot with a total score of 242.7. Russia’s Artem Chernousov took silver. His brilliant performance in the Shooting World Cup Final also secured a fifth Olympic quota for India.

OBITUARIES:

Terry Rawlings, the British film and sound editor has passed away.

• Terry Rawlings, a British film and sound editor has passed away. He was an Oscar nominee for his work on Best Picture winner “Chariots of Fire,”. He was born in 1933.  The 5-time BAFTA nominee also received a career achievement award from the American Cinema Editors society in 2006.

Sahil 25 Days ago
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