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Important Current Affairs 7th January 2019

Sports

Scripting history, India scores maiden series win in Australia 
•    India scripted history winning the first ever series on Australian soil beating the home team 2-1 after the fourth and final Test ended in a tame draw due to inclement weather.
•    It is a rare first Down Under for India since Lala Amarnath's side visited the country back in 1947-48 months after independence to face Sir Don Bradman's 'Invincibles'
•    India has also become the first ever Asian team to win a Test series in Australia.
 

Awards

'Bohemian Rhapsody' wins best film
The Golden Globes 2019 was held at the The Beverly Hilton, Beverly Hills, California, United States
Complete list of winners
Film
•    Drama- “Bohemian Rhapsody”
•    Actress, Drama- Glenn Close, “The Wife”
•    Actor, Drama- Rami Malek, “Bohemian Rhapsody”
•    Comedy or Musical- “Green Book”
•    Actor, Comedy or Musical- Christian Bale, “Vice”
•    Actress, Comedy or Musical- Olivia Colman, “The Favourite”
•    Actress-Supporting Role- Regina King, “If Beale Street Could Talk”
•    Actor-Supporting Role- Mahershala Ali, “Green Book”
•    Foreign Language Film- “Roma”
•    Best Director- Alfonso Cuaron, “Roma”
•    Screenplay- Nick Vallelonga, Brian Currie, Peter Farrelly, “Green Book”
•    Animated- “Spider-Man- Into the Spider-Verse”
•    Original Score- Justin Hurwitz, “First Man”
•    Original Song- “Shallow,” “A Star Is Born”
Television
•    Drama- “The Americans”
•    Actress, Drama- Sandra Oh, “Killing Eve”
•    Actor, Drama- Richard Madden, “Bodyguard”
•    Musical or Comedy- “The Kominsky Method”
•    Actress, Musical or Comedy- Rachel Brosnahan, “The Marvelous Mrs. Maisel”
•    Actor, Musical or Comedy- Michael Douglas, “The Kominsky Method”
•    Limited Series or Movie Made for Television- “The Assassination of Gianni Versace- American Crime Story”
•    Actress, Limited Series or Movie Made for Television- Patricia Arquette, “Escape at Dannemora”
•    Actor, Limited Series or Movie Made for Television- Darren Criss, “The Assassination of Gianni Versace- American Crime Story”
•    Actress, Supporting Role, Limited Series or Movie Made for Television- Patricia Clarkson, “Sharp Objects”
 

National news

Polavaram project enters Guinness Book of World Record for concrete pouring 
•    The Polavaram project in Andhra Pradesh on Monday entered the Guinness Book of World by pouring 32,100 cubic metres of concrete in 24 hours. 
•    The concrete work to make the spillway began at 8 am on Sunday and concluded at 8 am this morning. 
•    The project beat the existing record of 21,580 cubic metres which was achieved by Abdul Wahed Bin Shabib, RALS Contracting LLC and Alfa Eng. Consultant (all UAE), in Dubai between May 18 and 20 in 2017.
 

Economy and banking

Banks get a breather on bad loans 
•    For the first time since the bad loan saga began to play out six years ago, Indian banks have reported a decline in the proportion of loans gone bad for the half-year ended September 2018.
•    Their aggregate Gross Non-Performing Asset (GNPA) ratio dipped from 11.5% in March 2018 to 10.8% in September 2018. The GNPA ratio captures the proportion of loans in a bank’s books on which borrowers haven’t repaid dues for more than 90 days.
 

International news

Malaysia’s king abdicates in historic first 
•    Malaysia’s king has abdicated in a historic first for the country that ended weeks of speculation about his future after he took medical leave.
•    Sultan Muhammad V’s decision marks the first time a king has abdicated in the country since it gained independence from Britain in 1957.
•    Malaysia is a constitutional monarchy, with a unique arrangement where the throne changes hands every five years between rulers of the nine Malaysian States headed by centuries-old royalty. The rotating monarchy system has been in place since independence from Britain in 1957, and Sultan Muhammad V is the first monarch to have renounced the throne.
 

International relations

U.S., China hold crucial talks to ease trade war 
•    Delegates from the US and China on Monday began the crucial face-to-face negotiations here to ease a bitter trade war between the world’s two largest economies amid growing concerns about China’s slowing economy and its impact on American businesses.
•    The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other’s goods.


OVL makes oil discovery in Colombia 
•    ONGC Videsh Ltd., the overseas arm of State-owned Oil and Natural Gas Corp. (ONGC) has made a second oil discovery in Colombia that has increased prospects of its onland block in the South American nation.
•    OVL is the operator of the block with 70% stake while Petrodorado South America S A Sucursal (PDSA) of Colombia holds the remaining 30%.
•    The well was spudded on November 7, 2018, and the company completed drilling on December 15, 2018.


Norwegian PM arrives in New Delhi 
•    Prime Minister of Norway Erna Solberg has arrived in New Delhi on a three-day state visit to India. 
•    She was accompanied by senior officials from her government and a large business delegation. 
•    She will participate in the Indo-Norwegian Business Conference.
•    She will hold talks with Prime Minister Narendra Modi. She will also call on President Ram Nath Kovind and Vice President M Venkaiah Naidu. External Affairs Minister Sushma Swaraj will call on the visiting dignitary.
•    The Norwegian Prime Minister will deliver the Inaugural address at the Raisina Dialogue.
 

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