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April 18th 2021 | UPSC Current Affairs The Hindu Simplified


Raul Castro steps down as head of Communist Party of Cuba

· Raul Castro head of Cuba’s Communist Party, ending an era of formal leadership that began with his brother Fidel and country’s 1959 revolution.

· His family’s six-decade rule comes to an end; Miguel Díaz-­Canel is the likely successor

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Story of 220­ million ­year­ old rat like creatures via microfossils

· The Tiki Formation in Madhya Pradesh, a treasure trove of vertebrate fossils, has now yielded a new species and two genera of cynodonts, small rat like animals that lived about 220 million years ago.

· The researchers from Indian Institute of Technology Kharagpur, used electron microscopy to study about 10 teeth samples collected from the village of Tihki in Shahdol District, Madhya Pradesh.

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PLI scheme for ACs, LED lights to exclude ‘mere assembly’

· The department for promotion of industry and internal trade (DPIIT) has notified the PLI scheme for ACs and LED lights said companies to avail the incentives would be done to support manufacturing of components which are not made in India.

· It said that mere assembly of finished goods would not be incentivised and companies investing in basic/core components would get a higher priority.

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HDFC Bank’s Q4 net rises 16% as advances climb

· The private sector lender reports a 13.6% increase in consolidated advances.

· “The bank also continues to hold provisions as on March 31, against the potential impact of COVID­19 based on the information available at this point in time and the same are in excess of the RBI prescribed norms,”

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‘Pharma exports grew 18.7% in Financial Year 21’

· The industry posted its best export performance in value terms despite the global pharma market shrinking by 1­2% in 2020.

· Due to a surge in demand for made ­in ­India generics, owing to their quality and affordability, said Pharmaceuticals Export Promotion Council of India (Pharmexcil) Director General Ravi Udaya Bhaskar

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ARIES facility will host the support centre for Aditya-L1

· The group has developed several advanced image processing algorithms to detect fine ­scale structures in the solar atmosphere.

· The centre will expand the visibility of Aditya­L1 in the international arena

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