Current Affairs – February, 2018

Latest Current Affairs February, 2018 with Current Affairs, news summary on current events of National and International importance of February, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Balong 5G01 chipset: Huawei unveils world’s first 5G chip

Chinese electronic device and smartphone maker Huawei has unveiled Balong 5G01,  world’s first 5G chip at Mobile World Congress 2018 held in Barcelona, Spain. The company also showed its f5G-ready CPE equipment.

Balong 5G01 chipset

The chip has been designed and manufactured by Huawei. It offers 3GPP standard 5G connectivity and provides downlink speeds of up to 2.3Gbps. It supports 5G connectivity across all frequency bands including sub-6GHz and millimetre wave (mmWave) to offer a complete 5G solution suitable for multiple use cases. The chip is designed for multiple use cases and is claimed to be first to offer 5G connectivity at network, device, and chipset level.

f5G-ready CPE equipment

The f5G-ready CPE equipment will be available in two variants. The first will support low-frequency 5G bands and other will cater needs for high-frequency offerings. Compatible with both 4G and 5G networks, the CPE equipment can enable speeds of up to 2Gbps.

5G

5G is wireless communication technology based on third-generation partnership project (3GPP). It is next generation mobile networks technology after 4G LTE networks. It will offer far greater upload and download speed available at present.

Month: Categories: Science and Technology Current Affairs - 2018

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AIIB approves $1.5 billion in loans to India for infrastructure projects

China-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018. The funds will be used for investment in India’s energy, roads and urban development projects. It also includes $200 million commitment to India’s National Investment and Infrastructure Fund (NIIF) to spend on roads, housing and urban development. AIIB will let the Indian government decide how to use that money.

Asian Infrastructure Investment Bank (AIIB)

AIIB is a multilateral development bank initiated by China. Its purpose is to provide finance to infrastructure development and regional connectivity projects in the Asia-Pacific region.  It was officially established in December 2015 and opened for business in January 2016. It is headquartered in Beijing.

Its goals are to boost economic development in Asia-Pacific region, provide infrastructure, and promote regional cooperation and partnership. It prioritises investment in energy, power generation, transport, rural infrastructure, environmental protection and logistics in Asia.

So far it has 84 members including India. It has an authorised capital of US $100 billion. China is the largest shareholder of AIIB with 26.06% voting shares. India is the second largest shareholder with 7.5% followed by Russia 5.93% and Germany with 4.5%.

Month: Categories: India Current Affairs 2018

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