Current Affairs of 3 January

Indian Science Congress
Indian Science Congress
Indian Science Congress - Prime Minister Narendra Modi inaugurated the 106th Indian Science Congress at Lovely Professional University in Jalandhar. PM Modi gave away the slogan of New India as “Jai Jawan, Jai Kisan, Jai Vigyan, Jai Anusandhan”. The theme of this five-day mega event is  ‘Future India: Science and Technology’.

Chinese Spacecraft Chang'e-4
Chinese Spacecraft Chang'e-4 - ‘Chang'e-4’, a Chinese spacecraft, has made the first-ever landing on the far side of the moon. Earlier in 2013, China landed its rover on the moon, joining the United States and the Soviet Union as the only nations to have carried out a “soft landing” there, but the Chang’e-4 is the first to touch down on the far side of the moon that perpetually faces away from the Earth. The far side of the moon is relatively unexplored. It is also known as the dark side of the moon.

Right to Education Act Amended
Education Act Amended
Right to Education Act Amended - Parliament had passed the bill seeking to further amend the Right to Education Act, 2009 to abolish the no-detention policy in schools. No student can be detained up to class 8th under current provisions of the Act. As per the amendment, it would be left to the States to decide whether to continue the no-detention policy. 

Hemant Bhargava
Hemant Bhargava 
Hemant Bhargava - The government has appointed Hemant Bhargava, Managing Director, Life Insurance Corporation of India, as the Acting Chairman. The move comes after VK Sharma retired from the top job at LIC on December 31. 

Committee for MSME
U K Sinha
Committee for MSME - Reserve Bank of India has appointed an eight-member expert committee headed by former SEBI chairman U.K. Sinha to comprehensively review and propose long-term solutions for revival of the micro, small and medium enterprises (MSME) sector.

Jet Airways Downgraded to Default Grade
Jet Airways Downgraded
Jet Airways Downgraded to Default Grade - Jet Airways India Ltd. has missed payment to lenders, prompting ratings agency ICRA to downgrade the rating to ‘D’ or default grade due to the default and the inability of the airline to mobilise funds to improve liquidity. The company’s liquidity position is stressed with operating losses, high debt levels and negative networth.

India’s Space Diplomacy
India’s Space Diplomacy
India’s Space Diplomacy - As part of New Delhi’s space diplomacy, India will set up five large ground stations and more than 500 small terminals in five neighbouring countries – Bhutan, Nepal, Maldives, Bangladesh and Sri Lanka. These stations and terminals will help put in place applications ranging from television broadcasting to telephony and internet, disaster management and tele-medicine. ISRO meanwhile can use these ground stations to communicate with its own satellites. first of the five ground stations, coming up in Bhutan’s capital Thimphu, will be ready for commissioning on January 9. A similar project in Afghanistan is set to come up later.

New Temporary Members Joined UNSC
United Nation Security Council
New Temporary Members Joined UNSC - Five nations, namely, Belgium, Dominican Republic, Germany, Indonesia and South Africa assumed the charge as the Non-Permanent Members of the United Nations Security Council (UNSC). These five countries will hold a two-year term in the Council with effect from January 1, 2019. This will be the Dominican Republic’s first time on the Security Council. 

High Level Committee For Assam
Raj nath Shingh
High Level Committee For Assam - The Union Cabinet took several key decisions including setting up of a high-level committee (HLC) to implement Clause 6 of Assam Accord to hold discussions with all stakeholders on the quantum of reservation of seats in Assam Legislative Assembly and local bodies for Assamese people among other decisions.

RBI Report on Banking Ombudsman
Banking Ombudsman
RBI Report on Banking Ombudsman - The number of complaints registered at banking ombudsman offices have seen a 25% increase in the fiscal year 2018. "The banking ombudsman offices in tier-1 cities like New Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad accounted for more than 57% of the total complaints received by all BO offices," the RBI Report on Trend and Progress of Banking in India has stated.

Norwegian Prime Minister Erna Solberg
Erna Solberg
Erna Solberg - Norwegian Prime Minister Erna Solberg will pay a three-day visit to India next week during which she will hold talks with her Indian counterpart Narendra Modi. Solberg will deliver the inaugural address at the Raisina Dialogue and address India-Norway Business Summit during her visit.

Space Galleries
Space Galleries
Space Galleries - The ISRO has plans to set up Space Galleries in various locations in the country. Initially, Space Galleries are planned to be established at Birla Science Centre at Hyderabad, Nehru Science Centre at Mumbai and National Science Centre at Pragati Maidan in New Delhi.  In addition to this, ISRO has taken initiatives to establish space gallery in all the national museums/science centres (under Ministry of Culture) across the country in a phased manner.

Krishi Krishak Bondhu
Krishi Krishak Bondhu
Krishi Krishak Bondhu - West Bengal government announced two welfare initiatives for farmers. Both initiatives, which are part of the ‘Krishi Krishak Bondhu’ scheme, will come into effect from 1st January 2019. The first of the two initiatives will provide Rs 2 lakh to the family of a deceased farmer. Under the second initiative, farmers would get Rs 2,500 twice a year for growing a single crop on one acre of land.
Smart phones Distributed to Student
Smart phones for Student
Smart phones Distributed to Student - Punjab Cabinet approved the modalities for the distribution of smart phones, with graduating students of government schools, colleges and technical institutions to be covered in the first phase of the scheme. The scheme will give a further impetus to the state government’s digital empowerment agenda.