Current Affairs – January, 2018

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

PDF Compilation of these updates can be downloaded from This Link

INS Karanj: Third submarine of Scorpene class launched

Indian Navy has launched Scorpene submarine INS Karanj at the Mazagon Dock Shipbuilders Ltd (MDL), Mumbai, Maharashtra. It the third Scorpene class submarine built by MDL under ambitious Project 75 of the Indian Navy.

INS Karanj has been named after older submarine as per Indian naval tradition that was in operation from 1969 to 2003. It served country for 34 years and was also part of operations in 1971.

Key Facts

INS Karanj has an overall length of 67.5 metres and height of about 12.3 metres. Its hull form, fin and hydroplanes are specifically designed to produce minimum underwater resistance.

In all, six scorpion submarines being indigenously built at MDL under Project 75 with help of French naval defence and energy company DCNS. The first of these, INS Kalvari was commissioned in December 2017 and second, INS Khanderi is undergoing sea trials. Remaining 4 submarines will be inducted gradually by 2020.

These are diesel-electric attack submarines equipped with anti-ship missile. The first four submarines will be conventional, while last two will be equipped with the Air Independent Propulsion (AIP) system, which will enable them to stay underwater for longer duration.

The state-of-the-art Scorpene submarines have superior stealth and ability to launch crippling attacks with precision-guided weapons. The attacks can be carried out with torpedoes both while submerged or on urface — in all war theatres, including the tropics.

Month: Categories: Defence & Security


Government launches GeM 3.0

The Ministry of Commerce & Industry has launched third version of the Government e-Marketplace (GeM 3.0) . The earlier version GeM 2.0 was launched as pilot project in August 2016.

GeM 3.0 will offer standardised and enriched catalogue management, powerful search engine, real time price comparison, template-based Bid and RA creation, demand aggregation, e-EMD, e-PBG, user rating, advanced MIS and analytics and more.

Government e-Marketplace (GeM)

GeM is an Online Market platform to facilitate procurement of goods and services by various Ministries and agencies of the Government. It has been envisaged as National Procurement Portal of India

It aims to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption. It functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industries. It is completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.

GeM 3.0

It has powerful search engine and price comparison using third party sites – multisource and real time. It has performance based User Rating and online vendor assessment (optional). It has market based-bundling and bunching of products and services. It also has multi-Cart Functionality and offers more Services with bid and RA Facility.

Benefits of GeM 3.0

  • Completely transparent transactions across all ranges
  • Market Based generic requirements across all government agencies
  • Open and dynamic market place with rating based on performance of user on website
  • Generic standards established through universal service levels and cost comparison enabled
  • Standardisation of specifications of both products and services enabling empirical price comparability

Month: Categories: Government Schemes & Projects