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Important Current Affairs of 10th April

NATIONAL:

Tata Sponge Iron Ltd. to acquire Usha Martin Ltd.

• Tata Sponge Iron Ltd. (TSIL), a Tata Steel subsidiary, has announced the completion of its acquisition of the steel business of Usha Martin Ltd. (UML). The acquisition also included UML’s steel business undertaking along with captive power plants. The acquisition also included a cash consideration of Rs.4,094 crore payable to UML (after adjustment for negative working capital and debt-like items). 

• TSIL is subject to further holdbacks of Rs.640 crore, pending transfer of some of the assets including mines and certain land parcels. Tata Steel had announced in a stock exchange disclosure on September 22, 2018, the signing of definitive agreements to buy UML’s steel business. The acquisition cost was then pegged at between Rs.4,300 and Rs.4,700 crore.

• The acquired business comprises a one million tonne per annum (mtpa) alloy-based long products making facility in Jamshedpur, an operational iron ore mine, a coal mine under development, and captive power plants. UML’s steel business has a rich mix of carbon steel and alloy steel, catering to the automotive sector as well as high-end wire-rod makers. 

• The TSIL board had already approved a plan to finance the buy through an issue of rights share up to Rs.1800 crore, external borrowings up to Rs.2500 crore and issue of non-convertible redeemable preference shares of Rs.1,000 crore. TSIL is debt-free with free cash reserves of about Rs.670 crore.

India becomes YouTube largest and fastest growing market.

• India has become YouTube’s largest and fastest growing market with 265 million Indians watching the video-sharing website every month. In the last year, YouTube’s consumption on mobile has increased to 85%, with 60% of the watch time coming from outside the six largest metros in India.

• Today, YouTube creators have become effective storytellers, with more than 1,200 Indian creators crossing the million subscriber-milestones, compared to five years ago, when there were only two creators.

Indian Railways creates record; Free WiFi at 500 rail stations in 7 days.

• Modi government’s ‘Digital India’ initiative, RailTel, which is a mini ratna CPSU (Central Public Sector Undertaking) under the Ministry of Railways has provided free high-speed WiFi service to as many as 500 stations in a short period of seven days with ‘RailWire’. RailTel has also tied up with Tata Trust for providing free WiFi at 4,791 B, C, D and E category railway stations.

•  Recently, Northern Railways’ Sahibabad station has become the 1500th railway station in India to get the free Wi-Fi facility. The free Wi-Fi project was initiated from Mumbai Central railway station.

Prime Minister Narendra Modi congratulates Maldives President Solih for his partys landslide victory.

• Prime Minister Narendra Modi personally called Maldives President Ibrahim Mohamed Solih to congratulate him on his party’s exceptionally strong performance in the Maldives Majlis elections of 2019, in which the Maldives’ Democratic Party secured 65 of 87 seats, and won a landslide supermajority in parliament.

• He further conveyed his full confidence that the Maldives Government can deliver on their promises towards the Maldivian people in the upcoming five years, and that the Indian Government will always stand ready to be of assistance to the Maldives.

CBDT detects unaccounted cash collection racket of Rs 281 crore in Madhya Pradesh.

• Central Board of Direct Taxes (CBDT) searches in Madhya Pradesh by Delhi Directorate of Income Tax have detected widespread and well-organised racket for the collection of unaccounted cash of about 281 crore rupees through various persons. 

• The department has also detected a trail of 20 crore rupees suspect cash allegedly being moved to the headquarters of a major political party in Delhi from the house of an important person.

• The CBDT identified neither the political party nor the senior functionary. It added that records of collection and disbursement of cash in the form of handwritten diaries, computer files and excel sheets were found and seized and it corroborates the above findings.

• The several unaccounted and benami properties at posh locations in Delhi have also been detected.

Dream11 became Indias first billion-dollar gaming Startup.

• Mumbai-based Dream11 has become India's first gaming unicorn or billion-dollar startup with an investment from Steadview Capital. Apart from Steadview Capital, Kalaari Capital, Think Investments, Multiples Equity and Tencent investments collectively put Dream11’s total evaluation beyond $1 billion.

• The investment by Hong Kong and London-based Steadview Capital comes about eight months after Dream 11 sealed a $100 million equity financing round led by Tencent, which is world's fifth-largest internet company.

India’s gold reserves increased in February.

• The World Gold Council (WGC) said that India has marginally increased its gold holding to 1.7 tonnes in February while maintaining the tenth position among countries in terms of yellow metal reserves.

• India added 1.7 tonnes in February while most other countries, except Russia and China, had their reserves unchanged in the recent past.

• As per WGC, India had total gold reserves of 608.7 tonnes in February, marginally up from the previous month’s holding of 607 tonnes.

IIT Madras ties up with GE to set up Indias first Cold Spray SMART Lab.

• American conglomerate, General Electric in association with IIT-Madras, established India’s first ‘Cold Spray’ SMART (Surface Modification and Additive Research Technologies) Laboratory in the institution thereby IIT-M became the only academic institution with High-Pressure Cold Spray(HPCS) facility in India.

• The High-Pressure Cold Spray machinery carried from Plasma Giken, Japan. GE India Technology Centre CEO Alok Nanda and IIT Madras Director Bhaskar Ramamurthi inaugurated the laboratory on 5th April 2019.

PFS in a joint venture with USICEF finances solar projects in India.

• PTC India Financial Services (PFS) an Infrastructure finance company partnered with (USICEF) the US-India Clean Energy Finance to leverage funds for solar projects in India. PFS Managing Director and CEO Pawan Singh stated that this innovative venture can contribute to achieve India’s distributed energy target of 40 GW (gigawatt) by 2022.

• Climate Policy Initiative (CPI) manages USICEF that was founded in partnership with the Indian Ministry of New and Renewable Energy, OPIC(Overseas Private Investment Corporation), IREDA (Indian Renewable Energy Development Agency Ltd.) and leading U.S. Foundations in 2017.

India-Singapore Joint Military Exercise Bold Kurukshetra 2019.

• Military forces of India and Singapore to participate in a joint exercise in Babina Cantonment in Jhansi.  The three-day exercise, ‘Bold Kurukshetra–2019’, conducted to develop military technology, boost maritime security and bolster the nations’ fight against terrorism.

• The two countries signed a cooperation agreement to strengthen the defence ties between Indian Military and Singapore Armed Forces in November. About Singapore  President: Halimah Yacob Prime Minister:

• Lee Hsien Loong Deputy Prime Ministers: Teo Chee Hean Tharman  Capital: Singapore  

INTERNATIONAL:

London becomes world's 1st city to launch 24x7 pollution charge zone.

• London became the first city in the world to implement a special Ultra Low Emission Zone (ULEZ) that would charge an entry fee for older vehicles if they do not meet the emission standards.

• This move aims to reduce toxic air pollution and protect public health. The ULEZ will be operational for 24 hours and seven days a week.

• Polluting vehicles account for around 50 per cent of London's harmful Nitrogen Oxide air emissions. London's famous red bus fleet is also being updated as part of these efforts, and all 9,200 vehicles will meet or exceed ULEZ standards by October 2020.

Google launched its 1st drone delivery service in Australia.

• Wing, one of the many companies belonging to Alphabet (Google parent) made its first delivery in Canberra, Australia after getting approval from the Australia's Civil Aviation Safety Authority (CASA).

• The drones will deliver food and drinks as well as medication directly to clients' homes. Wing was testing drone delivery in Australia since 2014 and delivered medicines, chocolate to 3,000 homes in the last 18 months.

• Wing is now preparing to launch a trial service in Helsinki, Finland.

Sri Lanka new railway line inaugurated.

• Sri Lanka has opened a new railway line connecting its coastal city of Matara and Beliatta in Hambantota.

• It was built with China’s assistance. This move will boost passenger traffic into the island nation’s deep south. It is the first to be constructed in Sri Lanka since 1948.  The new line was inaugurated on 8th April 2019 in the presence of Sri Lanka’s Transport and Civil Aviation Minister Arjuna Ranatunga, Finance Minister Mangala Samaraweera and other parliamentarians.

• About the railway line: The Matara-Beliatta railway extension is of 26.75-km length. The cost of the project was $278 million. The Matara-Beliatta railway extension includes the longest and second longest railway bridges of 1.5 km and 1.04 km, respectively.

• China's role: The railway extension was financed by the Export-Import Bank of China and the contract was awarded to the China National Machinery Import and Export Corporation. China termed it as a major Belt and Road Initiative (BRI) project in Sri Lanka. Sri Lanka has been the major recipient of Chinese loans and investments in recent years, totalling over $8 billion. The heavy borrowing has raised concerns over Sri Lanka’s ability to repay after Colombo handed over the Hambantota port to Beijing for a 99-year lease in 2017 as a debt swap. China's Belt and Road Initiative (BRI): BRI is also known as the One Belt One Road (OBOR). It was first proposed by President Xi Jinping in 2013. It is an ambitious programme to connect Asia with Africa and Europe via land and maritime networks along six corridors. "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; Whereas "road" refers to the sea routes or the 21st Century Maritime Silk Road. The aim is to strengthen infrastructure, trade, and investment links between China and some 65 other countries that account collectively for over 30 percent of global GDP, 62% of the population, and 75 percent of known energy reserves. 

BANKS AND ECONOMICS:

SBI cut interest rate on home loans up to Rs 30 lakh by 10 bps.

• India's largest lender, SBI has reduced the interest rate on housing loans of up to ₹30 lakh by 10 basis points to a range between 8.60% and 8.90% per annum, from existing rates of 8.70% to 9%.

• SBI also cut its benchmark lending rates by five basis points across all tenors. The one-year marginal cost of fund-based lending rate (MCLR) now stands at 8.50%, down from 8.55%. The move comes days after the Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points to 6%, in a move to boost the economy.

•  From May 1, the rates of large savings accounts (balances above ₹1 lakh) will get revised. Overdraft and other short-term loans will get cheaper.

APPOINTMENTS AND RESIGNATIONS:

SUN Group chairman Vikramjit Sahney elected as president of ICC India.

• SUN Group Chairman Vikramjit Singh Sahney elected as the new president of International Chamber of Commerce (ICC) - India. He will succeed Jawahar Vadivelu.

DAYS:

April 10: World Homoeopathy Day.

• The World Homoeopathy Day 2019 is observed across the world on April 10, 2019 to commemorate the birth anniversary of the founder of Homoeopathy, Dr. Christian Friedrich Samuel Hahnemann.

• The week following the birth date of Hahnemann, that is, 10 April - 16 April is observed as the World Homeopathic Awareness Week. This year it is 263rd birth anniversary of founder of Homoeopathy.

• About Samuel Hahnemann: Samuel Hahnemann, a German physician, a great scholar, linguist and an acclaimed scientist, is known as the Father of Homeopathy, Father of Human Pharmacology, Father of Nano Medicine and the Father of Infinite Dilution concept in Chemistry.

• About CCRH: Central Council for Research in Homeopathy (CCRH) in India organises the scientific convention on the World Homeopathy Day to pay tributes to Dr. Hahnemann on his birth anniversary. The council has so far accomplished over 168 clinical researches, 40 basic researches, standardization studies of 348 drugs, proving of 112 drugs and clinical verification of 106 drugs. On the occasion, the AYUSH Awards will be conferred for Life Time Achievement, Best Teacher, Young Scientist and Best Research paper with an aim to recognise exemplary work in the field of Homoeopathy. About Homeopathy: Homeopathy as system of medicine was developed by Dr. Samuel Hahnemann in Germany in 1796. It is a natural approach to the treatment of the sick. This medical system based on the belief that the body can cure itself. Homeopathy uses animal, plant, mineral, and synthetic substances in its preparations and labels them in Latin or faux-Latin vocabulary. It is world’s second most widely used system of treatment.

AWARDS:

AIMA Managing India Awards 2019 to Azim Premji, Mahendra Mohan Gupta and 9 others.

• The All India Management Association (AIMA) Managing India Awards 2019 was held on April 08, 2019 at Hotel Taj Palace, New Delhi. Mahendra Mohan Gupta, Chairman & Managing Director, Jagran Prakashan Ltd and Editorial Director, Dainik Jagran, was awarded under Lifetime Contribution to Media category.

• Complete Winners List:

1. Lifetime Contribution Award: Azim H Premji (Chairman, Wipro Ltd)

2. Outstanding Institution Builder: Prathap C Reddy (Founder-Chairman, Apollo Hospitals Group)

3. Corporate Citizen Award: Devi Prasad Shetty (Founder & Chairman Narayana Hrudalaya)

4. Entrepreneur of the year: Sanjiv Bajaj (Managing Director, Bajaj Finserv Ltd)

5. Business Leader of the Year: Sanjiv Mehta (Chairman & Managing Director, Hindustan Unilever Ltd)

6. Lifetime Contribution to Media: Mahendra Mohan Gupta (Chairman & Managing Director, Jagran Prakashan Ltd and Editorial Director, Dainik Jagran)

7. Outstanding Contribution to Media: Uday Shankar (President, 21st Century Fox, Asia and Chairman and CEO, Star India)

8. Indian MNC of the Year: Pawan Goenka (Mahindra & Mahindra Ltd, Managing Director and Member of the Group Executive Board)

9. MNC in India of the Year: T Krishnakumar (Coca-Cola India, President  & CEO, India & Southwest Asia)

10. Outstanding PSU of the Year: Sanjiv Singh (Chairman, Indian Oil Corporation Ltd)

11. Director of the Year: Rajkumar Hirani (Director, Producer, Writer & Editor - Sanju Movie)

SPORTS:

Spain Garbine Muguruza claimed Monterrey Open title.

• Garbine Muguruza of Spain successfully claimed back-to-back Monterrey Open title 2019 as Victoria Azarenka succumbed to injury in the final.

•  Asia Muhammad & Maria Sanchez claimed women's doubles title in Monterrey Open. The Monterrey Open is a professional women's tennis tournament played on outdoor hard courts.

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Important Current Affairs of 9th April

NATIONAL:

Around 5,000 Naga Konyak women dance set a Guinness World Record in Nagaland

• In an attempt to set a new Guinness World Records in the category of ‘largest traditional Konyak dance display,’ around 5,000 Konyak community women, all decked up in colorful traditional attire, danced to the tune of a ceremonial song at Nagaland, coinciding with the Aoleang festival.

• The theme of this year’s Aoleang, also called Mini Hornbill festival, was ‘Empowering women for cultural heritage.

INS Shakti, INS Kolkata to take part in Chinese Navys 70th anniversary celebrations.

• The two ships are scheduled to visit Chinese port of Qingdao from 21 to 26 April to participate in an International Fleet Review to celebrate the 70th anniversary of People’s Liberation Army (PLA) Navy.

• INS Kolkata is the lead ship of the Kolkata-class stealth guided-missile destroyers of the Indian Navy. INS Shakti is tanker and supply ship. Over 60 countries would join the commemorative event for the PLA Navy’s 70th founding anniversary on April 23.

Adani Power receives LoI to acquire KWPCL.

• Adani Power received a letter of intent (LoI) to acquire debt-laden Korba West Power Company Ltd. (KWPCL). 

• The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power.  KWPCL owns and operates a 600 megawatt thermal power plant in Raigarh district in Chhattisgarh.

Biannual Army Commanders Conference began in New Delhi.

• The biannual Army Commanders’ Conference began in New Delhi for the planning and execution process of the Indian Army.

• Some issues like the management of the extant security dynamics, mitigation of future security threats were discussed in this conference.

• Defence Minister Nirmala Sitharaman delivered her opening address at the conference and the Chief of the Army Staff chaired the conference. About Defence Ministry Formed: 1776; 243 years ago  Headquarters: Cabinet Secretariat Raisina Hill, New Delhi.

Guwahati Railway station first to get ISO certification in India.

• The Guwahati Railway Station has become the first ever railway station in the Indian Railways to get an ISO certification from the National Green Tribunal (NGT) for ‘providing passenger amenities in a clean and green environment.

• ’ ISO certification received by Guwahati Railway Station is ISO-14001, which is for Environment Management System as per international norms which were upgraded in 2015. Thus, the station’s certificate reads ISO 14001: 2015.

INTERNATIONAL:

Israel to go to polls to elect new parliament.

• Israel will go to polls to elect a new parliament. Fourteen main parties are competing for 120 seats in the Knesset or parliament. Prime Minister Benjamin Netanyahu is running for his fifth term in office. 

• His main challenger is Benny Gantz, a former chief of staff for Israeli military who is a newcomer to politics. The main Voters will cast their ballots for a party, not a candidate.

BANKS AND ECONOMICS:

RBI issues norms for banks to set up currency chests.

• Reserve Bank of India (RBI) rolled out with guidelines for banks to set up new currency chests, which include the minimum area of 1,500 square feet for the strong room. 

• The new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day. It added that for those situated in the hilly/ inaccessible places, capacity should be 2.1 lakh pieces of banknotes per day.

HDFC Bank to rise up to Rs.50, 000 crore by issuing bonds.

• Private lender HDFC Bank said it is planning to raise up to Rs.50,000 crore this fiscal by issuing bonds on private placement basis.

•  It will raise funds by issuing perpetual debt instruments [part of additional tier I capital], tier II capital bonds and long-term bonds [financing of infrastructure and affordable housing] up to a total amount of Rs.50,000 crore in the period of next 12 months through private placement mode. The bank would consider the proposal on April 20.

World Bank estimates India’s GDP to expand 7.5 percent in FY20.

• The World Bank expects India's Gross Domestic Product (GDP) to accelerate to 7.5% in fiscal year 2019-20. This would be driven by continued investment strengthening, particularly private-improved export performance and resilient consumption. Industrial growth accelerated to 7.9 per cent, making up for a deceleration in services. Agriculture growth was robust at four per cent. The real GDP growth is estimated at 7.2 per cent in FY18/19.

APPOINTMENTS AND RESIGNATIONS:

Kirstjen Nielsen resigns as Homeland Security Secretary.

• Kirstjen Nielsen, Homeland Security Secretary, resigned her position on 7th April. Ms.Nielsen will, however, stay on until April 10.

• Kevin McAleenan, the current U.S. Customs, and Border Protection Commissioner will take charge as Acting Homeland Security Secretary.

•  Ms. Nielson, who has had a rocky working relationship with President Donald Trump, handed in her resignation at a time when there were growing signs of division within the administration over how to handle the swelling numbers at the U.S.-Mexico border.

AWARDS:

Presidents Certificate of Honor and Maharshi Badrayan Vyas Samman Awards Conferred

• Vice President Venkaiah Naidu conferred President’s Certificate of Honour and Maharshi Badrayan Vyas Samman Awards at New Delhi. 

• The award of the Certificate of Honour was introduced in the year 1958 to honour the scholars of Sanskrit, Arabic and Persian Languages.

• Maharshi Badrayan Vyas Samman Distinction is conferred on persons in recognition of their substantial contribution in the field of Sanskrit, Persian, Arabic, Pali, Prakrit, Classical Odiya, Classical Kannada, Classical Telugu and Classical Malayalam.

SPORTS:

Rawat has been qualified for 2020 Olympics.

• Indian swimmer Kushagra Rawat has been qualified for 2020 Olympics, Tokyo. It was after he achieved the B standard of the 800m freestyle event at the Speedo Thailand Age Group Championships in Bangkok.

Graham Reid appointed as chief coach of India men's hockey team.

• Reid was part of the silver-medal winning Australian team at the 1992 Barcelona Olympics. Reid's appointment till the end of 2020 was ratified after Hockey India received necessary clearance from the Sports Authority of India (SAI).

• India had been without a chief coach since Harendra Singh was sacked after last year's World Cup Reid will be in charge of the team during their next international assignment -- tour to Australia in May 2019.

Isaak Hayik, 73, set a new record as world’s oldest soccer player.

• A 73-year-old Israeli Isaak Hayik set a new world record as the world’s oldest person to play in a professional soccer match. The previous record holder was 53 years old Uruguayan Robert Carmona who was played a professional match in 2015.

Malaysia Open Badminton 2019: Lin Dan clinched title in Mens Single’s category.

• Chinese badminton ace Lin Dan clinched the Malaysia Open 2019 title against countryman Chen Long to claim his first major title in two years. The 2019 Malaysia Open, officially the CELCOM AXIATA Malaysia Open 2019, is a badminton tournament which takes place at Axiata Arena in Malaysia from 2 to 7 April 2019 and has a total purse of $700,000.

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Important Current Affairs 8th April 2019

BANKS AND ECONOMICS:

NTPC signs with Canara Bank to raise Rs.2000 crore.

• National Thermal Power Corporation (NTPC), the State-run power giant, has signed a term-loan agreement with Canara Bank to raise Rs 2,000 crore. The agreement would be used to part finance its capital expenditure. The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of the NTPC.

SEBI agrees to crore Airport Specific Fund worth Rs. 10,000 crore.

• SEBI (Securities and Exchange Board of India) approved an ‘airport’ specific fund. The name of the fund is ‘Taking Off To the Future Airport Fund’.

• It can raise a capital amounting to 1.5$bn (Rs. 10,000 crores). The ‘Sponsor and Investment Manager’ of the fund is based in Chennai and is termed as ‘Taking Off To The Future Investment Management LLP’.

• Gigi George leads the management and operation of ‘Sponsor and Investment Manager’ A minimum capital contribution of Rs. 3500 crore and a maximum of Rs. 7000 crore is targeted by the fund. On SEBI: The regulator for the securities market in India is the Securities and Exchange Board of India(SEBI)(established in 1988).

• On 12th May 1992, it became it became an autonomous body by the Government of India. Through the SEBI Act, 1992, SEBI was given statutory powers on 30 January 1992. On 10th January 2017, Ajay Tyagi was appointed as the chairman of SEBI by replacing U.K. Sinha.

MOUS:

Indian Navy signs MoU with CSIR for advanced technologies.

• The Indian Navy signed MoU with the Council of Scientific and Industrial Research (CSIR) to undertake joint research and development of advanced technologies for the Indian Navy.

• This will be a collaborative arrangement between labs of CSIR, the Indian Navy and Indian industry. The MoU provides a formal framework for interaction between the Indian Navy and CSIR.

DAYS:

National Handloom Week observed from 7th April to 14th April.

• It is a celebration of the country’s 5,000-year old tradition of hand weaving cloths.

• On this occasion, a book named ‘The Indian textile Sourcebook’ authored by Avalon Fotheringham and published by Thames and Hudson will be launched on 9th April.

• In 2018, the National Handloom Week was observed during December month. The National Handloom Day is observed on 7th August every year across India. It was on this day that the Swadeshi Movement was launched in 1905.

• The First National handloom day was launched by Prime Minister Narendra Modi, on August 7, 2015 in Chennai.

APPOINTMENTS AND RESIGNATIONS:

Algerias Parliament to meet to name an interim successor.

• Algeria’s Parliament is set to meet on 9th April to name an interim successor to President Abdelaziz Bouteflika after mass protests pushed the ailing leader from power.

•  Algeria’s Constitution stipulates that the Speaker of the upper house of Parliament, currently Abdelkader Bensalah, 77, should take the presidential reins.

• He is to serve for up to 90 days, during which a presidential election must be organized.

Praful Patel becomes 1st Indian to be elected as member of FIFA Executive Council

• Praful Patel is the current president of All India Football Federation (AIFF). He got 38 out of 46 votes. His membership in the council will be for four years, from 2019 to 2023.

• Patel was accompanied by AIFF general secretary Kushal Das and senior vice-president Subrata Datta. FIFA Council member election was held during the 29th Asian Football Confederations (AFC) Congress in Kuala Lumpur, Malaysia.

INTERNATIONAL:

USD 1.7 trillion needed per year to build disaster-resilient infrastructure in Asia: ADB report

• As per a recent ADB report titled 'Asian Development Outlook 2019: Strengthening Disaster Resilience’, Developing economies across Asia are among the most vulnerable to natural disasters and have suffered damages estimated at 644 billion dollars since 2000.

• Of these, weather-related hazards caused the greatest share at 507 billion dollars (or 79 per cent) while geophysical hazards accounted for the remaining 137 billion dollars (or 21 per cent).

• To build disaster-resilient infrastructure, investment needs in developing Asia are estimated at 26 trillion dollars from 2016 to 2030, or 1.7 trillion dollars per year, including necessary investments in climate-change mitigation and adaptation.

NATIONAL:

L&Ts Proposal to Acquire Majority Stake in Mindtree approved by Competition Commission of India.

• Larsen and Toubro (L&T) received the approval to acquire up to 66.15 per cent stake in the Bangalore-based IT services firm Mindtree from Competition Commission of India (CCI). Around Rs 10,800 crore was the estimated total deal value.

A new seller-funding programme named Amazon Wings was launched by Amazon India.

• A new seller-funding programme named ‘Amazon Wings’  launched by Amazon India to help the small businesses and entrepreneurs to raise funds through the crowd funding platform.

• Amazon India sellers can use the Ketto’s platform for a subsidized fee which is around 50 percent to initiate fundraisers. With this initiative, the small businesses and entrepreneurs of this platform can raise the funds for their business expansion, product development, and foster innovation or community development.

•  They launched a dedicated microsite to feature fundraisers initiated by sellers by which they can raise small ticket funds starting from as little as Rs 50,000 by means of crowd-funding through multiple individuals.

Chennai Central has been renamed as Puratchi Thalaivar Dr M G Ramachandran Chennai Central after Dr. MG Ramachandran.

• Chennai Central railway station renamed by the Tamil Nadu State Government as Puratchi Thalaivar Dr MG Ramachandran Central Railway Station after late Chief Minister Dr. MG Ramachandran.

• Neeraj Sharma, Railway Executive Board Director notified that the change of name would be possible provided there should not be any inaugural event as a result of the election code of conduct. About Dr. MG Ramachandran Dr. Marudur Gopalan Ramachandran (17 Jan 1917-24 Dec 1987) as MG Ramachandran or ‘Makkal Thilagam’ (since he was a popular figure) was a veteran filmmaker, actor and politician. 

• He served for 10 years as the Chief Minister of Tamil Nadu (1977-1987). MG Ramachandran’s autobiography was posthumously published in 2003 (in two volunes) under the title ‘Naan Yaen Piranthaen (Why I was Born)’. His policies focused on economic growth and social welfare.

•  He brought in many educational reforms, banned liquor, upgraded the mid-day meal scheme and worked for the preservation for the state’s cultural heritage. For his immense contribution to public service, M G Ramachandran was posthumously honoured with Bharat Ratna, the highest civilian award, by the Government of India in 1988.

AWARDS:

Tata Steel won 'Global Slag Company of the Year' award.

• The award has been presented to Tata Steel for its innovative practices in development of new applications for Steel by-products (Slag). The award was given at the 14th Global Slag Conference and Exhibition 2019, held recently in Aachen, Germany. The conference is one of the largest global annual slag event, attended by major steelmakers, steel mill service providers & associated companies.

AWARDS:

ESPN India Multi-Sport Awards 2018 announced, PV Sindhu and Neeraj conferred with Sportsperson of year award

• Olympic silver medallist P.V. Sindhu and star javelin thrower Neeraj Chopra were named as female and male sportsperson of the year in the ESPN India Multi-Sport Awards for their achievements in 2018. 2012 London Olympics bronze medallist shuttler Saina Nehwal won the award for the ‘Comeback of the Year’ after bagging the bronze at the 2018 Asian Games.

• ESPN Multi-Sport awards 2018 recognised achievements across 11 categories. Other Winners of the Award are:

♦ Coach of the Year - Jaspal Rana (shooting)

♦ Emerging Sportsperson of the Year - Saurabh Chaudhary (shooting)

♦ Team of the Year - Women’s team (table tennis)

♦ Match of the Year - Amit Panghal vs Hasanboy Dusmatov (boxing)

♦ Differently-abled athlete of the Year - Ekta Bhyan (para-athletics)

♦ Moment of the Year - Women’s 4x400m relay

♦ Lifetime Achievement Award - Pradip Kumar Banerjee (football).

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Important Current Affairs 7th April 2019

SUMMIT:

ICAT to organize NuGen Mobility Summit in November.

• The International Centre for Automotive Technology (ICAT) is to organize a NuGen Mobility Summit, 2019, at Manesar, NCR, from 27th to 29th November 2019.  The summit will help in building a platform for bringing together all stakeholders in the automotive industry to understand global advancements in technologies.

• The summit aims to bring together the automotive OEMs, professionals, researchers, academic experts, vehicle system suppliers, test equipment supplier, quality managers, product planners, component developers, SAE members and students from all over the world.

• Track demonstrations, drive-touch-feel activity and lab demonstrations on upcoming vehicle technologies like connected mobility, autonomous vehicles, electric mobility, alternate fuels, intelligent transportation system, hydrogen fuel cell, hydrogen IC engine, vehicle dynamics, advanced materials and lightweight, end of life vehicles and recycling are the uniqueness of this event.

CAMPAIGNS:

MRM launches campaign to garner Muslim support for strong & stable government.

• Muslim Rashtriya Manch (MRM), a social and educational reform movement working among the Muslims in India since 2002, undertaking the campaign to create awareness among the Muslim voters to cast their vote for a strong government at the Centre to ensure the all-round development of all the citizens.

• The MRM had done a similar exercise in 2014 to secure Muslim vote to its maximum all over the country. This time too, the MRM has decided to launch such a campaign especially when the Modi government had done so much for the Muslims of India.

INTERNATIONAL:

Pakistan opened a route for flights out of India.

• Pakistan has opened one route for west-bound flights from India more than a month after it shut its airspace for all civilian flights following the Indian Air Force’s strikes at Balakot. A decision on opening a passage for flights overflying Pakistan and entering India is yet to be taken.

• The route that has been opened passes from near Mumbai and enters southern Pakistan. This is only one of the 11 exit and entry points between India and Pakistan. Since the ban by Pakistan on the use of its airspace, several flights within Asia, between Asia and West Asia or Europe or the U.S. were forced to take a longer route, entailing an increase in flight duration and sometimes a halt for refuelling.

• This led to an increase in operational costs, forcing many airlines to cancel flights or hike fares.

SPORTS:

Virat Kohli becomes all-time leading IPL scorer during 49-ball 84.

• Virat Kohli hit his 35th fifty in the Indian Premier League as Royal Challengers Bangalore sought to bounce back following four successive defeats this season.

• Up against Kolkata Knight Riders, Kohli came out all guns blazing and became the 2nd fastest after Chris Gayle to reach 8000 T20 runs. RCB have struggled in the 2019 IPL and Virat Kohli had failed to lead from the front in the first four matches.

•  However, back in Bengaluru, Kohli hit top gear against a top bowling attack and blazed away to a 49-ball 84. This was Kohli's first fifty of the season. Virat Kohli had smashed 973 runs and 4 hundred as RCB came from nowhere to storm into the final against Sunrisers Hyderabad.

DAYS:

World Health Day observed on 7th April.

• World Health Assembly decided to celebrate 7 April of each year as the World Health Day, with effect from 1950.

•  World Health Day is one of eight official global health campaigns marked by WHO, along with World Tuberculosis Day, World Immunization Week, World Malaria Day, World No Tobacco Day, World AIDS Day, World Blood Donor Day, and World Hepatitis Day. The theme of World Health Day 2019 is Universal health coverage: everyone, everywhere.

NATIONAL:

Micromax Co-founder unveils Indias first AI-enabled e-motorcycle brand.

• Rahul Sharma, cofounder of Indian phone maker Micromax, has forayed into the electric vehicle space. He has started a new enterprise called Revolt Intellicorp Pvt. Ltd, with plans to launch an artificial intelligence (AI) based motorcycle. He has invested between INR 400 Cr - INR 500 Cr in this new venture. The proposed AI-enabled motorcycle will have a range of 156.8 km and a top speed of 85km/hr. The commercial launch of the motorcycle is scheduled in June this year.

BSNL announced a slew of tariff plans for Ugadi.

• Bharat Sanchar Nigam Limited (BSNL) announced a slew of tariff plans as part of its Ugadi offering in Hyderabad.

• It also announced three new pre-paid plans to meet the demand of consumers who want voice-focussed plans rather than data-heavy ones. 

• BSNL has seen its rise in market share from 10.8% to 11.58%. Its consumers are using 8 TB data everyday and 42,600 existing users have shifted to 4G SIM showing the quality of our network and service.

•  Incidentally, BSNL Telangana Circle’s 4G roll-out plan has eluded Hyderabad so far.

Government sells Rs 1,150 crore worth 'enemy shares' in Wipro.

• A total of 44.4 million shares, which were held by the Custodian of Enemy Property for India, were sold at Rs 259 apiece on the Bombay Stock Exchange.

•  The buyers were state-owned Life Insurance Corporation of India (LIC), New India Assurance and General Insurance Corporation.

• LIC alone picked up shares worth Rs 1,000 crore. Enemy shares are called so as they were originally held by people who migrated to Pakistan or China and are not Indian citizens any longer.

AWARDS AND HONOURS:

Dr. Sohini Sastri honoured with D. Litt by National American University.

• Indian Astrologer Dr Sohini Sastri has been honoured with 'D. Litt in Astrology' by National American University, USA.

•  Dr Sohini Sastri is one of the most trusted names in Astrology and is known for her services over the years. She is also a receipt of 'Champions of Change Award' which was given to her by Honourable Vice-President of India, M. Venkaiah Naidu at Vigyan Bhawan, Delhi recently.

• Other prominent personalities who were also awarded Doctorates at the same event includes Bollywood singer Mohit Chauhan and choreographer Terence Lewis.

BANKS AND ECONOMICS:

Karnataka Bank signed MoU with Bharti AXA for Insurance Products.

• Karnataka Bank has entered into a memorandum of understanding with Bharti AXA Life Insurance Company to distribute the latter’s life insurance products. This is the third similar tie-up by the Bank after with PNB Metlife India Insurance Company Ltd and LIC, both of whom continue to provide insurance solutions to the customers of Karnataka Bank.

MOUS:

BIS signed MoU with IIT-D on standardisation and conformity assessment.

• The Bureau of Indian Standards (BIS) has signed MoU with the Indian Institute of Technology, Delhi (IIT-D) to collaborate in the field of standardisation and conformity assessment. The MoU was signed by IIT Delhi Director Professor V Ramgopal Rao and Director General of BIS Surina Rajan.  According to the MoU, IIT Delhi will provide infrastructure support for research and development projects of relevance to standardisation and BIS will provide financial support to IIT Delhi for projects.

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Important Current Affairs of 6th April

BANKS AND ECONOMICS:

Lakshmi Vilas Bank approves merger with India bulls Housing.

• The board of Lakshmi Vilas Bank approved a share swap acquisition by housing finance firm Indiabulls Housing Finance.

• The merged entity, Indiabulls Lakshmi Vilas Bank, will be among the top eight private banks by size and profitability. The merger will need the approval of the Reserve Bank of India and other regulators.

• As per the share swap ratio for the merger, for every 100 shares of Lakshmi Vilas Bank shareholders will get 14 shares of Indiabulls Housing Finance.

SPORTS:

Belgium retained top spot in the latest FIFA world football rankings.

• Belgium continues to dominate the charts with 1737 points. The top three positions are unchanged with World Cup winner France in second spot ahead of Brazil, in third. England rose above Croatia, to reach No 4 this month. Indian football team gained two places to rise to 101 in the FIFA rankings.

Indian women's Football team faces Nepal in Olympic Qualifiers Round 2 match.

• In Football, Indian women's team faces Nepal in their Olympic Qualifiers Round 2 match in Mandalay, Myanmar today. The match will begin at 2 PM Indian time. The two teams will be up against each other for the third time since February.

INTERNATIONAL:

Panel to be set up to oversee Essar Steels operations.

• Essar Steel's Committee of Creditors (COC) has set up a monitoring committee to oversee the operations of the steel firm and ensure a smooth transition to ArcelorMittal, the successful resolution applicant. 

• The monitoring committee is headed by resolution professional Satish Gupta and has four members from the lenders and three from ArcelorMittal. The lenders, SBI, IDBI Bank, ICICI and Edelweiss Asset Reconstruction Company, have their representatives as members of the monitoring committee.

•  The development comes after the National Company Law Appellate Tribunal (NCLAT) asked the COC to set up a monitoring committee to oversee the operations of the steel firm and smooth transition to ArcelorMittal.

NATIONAL:

Phayeng Village of Manipur becomes India’s first carbon-positive settlement

• A village is given the Carbon-Positive Tag if it sequesters more carbon than it emits, slowing the accumulation of greenhouse gases and mitigating the effects of climate change.

• As part of the carbon-positive village project, Phayeng will receive a grant of Rs10 crore in phases to facilitate afforestation in the catchment of river Maklang that flows along the village.

• Phayeng is a scheduled caste village of the Chakpa community in Imphal West district and its conservation efforts are mainly linked to the belief that the forest is a sacred grove. It is surrounded by three densely forested hillocks with fruit trees at center and a stream flowing through it.

NIIF and Roadis to set up platform for up to USD 2 billion in road projects.

• The National Investment and Infrastructure Fund (NIIF) and global transport infrastructure operator Roadis are to jointly set up a platform to invest up to $2 billion of equity in road projects in India. The platform would target toll-operate-transfer models and acquisitions of existing road concessions.  Roadis is a fully owned subsidiary of the Public Sector Pension Investment Board which is one of Canada's largest pension funds.

Indian Navy to acquire 6 lethal submarines under Project-75 India at Rs 50,000 crore.

• Under Project 75-India, the Navy wants to build six conventional diesel-electric submarines which would be almost 50 per cent bigger than the under-construction Scorpene class submarines being built at the Mazagon Dockyards Limited in Mumbai. The submarines should have the ability to carry and launch 18 heavyweight torpedoes in the sea.

• For the Indian Navy, the Project 75I-class submarine is follow-on of the Project 75 Kalvari-class submarines. The submarines will be equipped with heavy-duty firepower as it wants the boats to have at least 12 Land Attack Cruise Missiles (LACM) along with Anti-Ship cruise missiles (ASCM).

Paytm Money Receives SEBI Approval To Start Stock Broking Services.

• Securities and Exchange Board of India (SEBI) given approval to Paytm Money the investment and wealth management platform of the mobile payments company to start offering booking services. It had applied for the licence in October 2018. Paytm Money also received membership of NSE and BSE.

APPOINTMENTS:

Vikram Kirloskar appointed as CIIs president.

• Vikram Kirloskar, CMD of Kirloskar Systems Ltd., and vice-chairman of Toyota Kirloskar Motor has assumed office as President of the Confederation of Indian Industry (CII) for 2019-20.

• He takes over from Rakesh Bharti Mittal, vice-chairman, Bharti Enterprises.  Uday Kotak, founder and MD & CEO of Kotak Mahindra Bank, is the president-designate of CII for 2019-20. T.V. Narendran, CEO  & MD of Tata Steel Limited, takes over as CII vice-president for 2019-20.

Nasscom appoints Keshav Murugesh as CEO.

• IT industry body Nasscom has appointed WNS Global Services Group CEO Keshav Murugesh as its chairman for 2019-20. He takes over from his previous role as vice-chairman of Nasscom. He succeeds Rishad Premji (Wipro chief strategy officer and board member). Nasscom has appointed Infosys COO U.B. Pravin Rao as its vice-chairman for 2019-20.

Amal Clooney is appointed as the U.K.s special envoy on media freedom

• Amal Clooney has been appointed as the U.K.’s special envoy on media freedom. The appointment comes as the U.K.

• Prepares to host an international conference this July in the wake of attacks on journalists across the world.  Ms.Clooney will chair a panel of legal experts who will work to support countries to repeal outdated and draconian laws and strengthen legal mechanisms to protect journalists.

•  Among the steps that could be taken by the panel include making proposals to countries around national laws that don’t comply with international standards, particularly around issues such as blasphemy and stringent anti-defamation rules. 

• The panel will also prepare mechanisms that could be used internationally to raise the cost of non-compliance with international standards, such as advising on sanctions regime that could be put in place relating to regimes that abused journalists.

American David Malpass selected as the new President of the World Bank

• David Malpass is currently US Treasury Department's Under Secretary for International Affairs. He was a senior economic adviser to US President Donald Trump during his 2016 election campaign. The 63-year-old, nominated by Trump, was the only candidate for the job. Malpass succeeds Jim Yong-kim, who stepped down on February 1 to join an investment firm. Kristalina Georgieva, chief executive officer of the bank, has been acting as the interim President.

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Important Current Affairs 5th April 2019

NATIONAL:

IOCL introduced BS VI Fuel in New Delhi.

• The Indian Oil Corporation (IOCL) has stated that Supply of ultra-clean BS-VI grade petrol and diesel has begun in cities adjoining the national capital. The rest of the country will follow suit from April 2020.

• New Delhi is the first city in the country to leapfrog from BS-IV grade petrol and diesel to BS-VI fuels.

•  Bharat Stage norms are standards set by the government to regulate the emission of air pollutants from motor vehicles.

• The norms set the limit for the release of air pollutants such as nitrogen oxides, carbon monoxide, hydrocarbons, particulate matter (PM) and sulphur oxides from vehicles using internal combustion engines.

• The Bharat stage norms are based on Euro norms.  BS-IV fuels contain 50 parts per million (ppm) sulphur whereas BS-VI grade fuel only has 10 ppm sulphur. BS-VI will bring PM in diesel cars down by 80% when compared to BS-IV. BS-VI will bring down nitrogen oxides from diesel cars by 70% and in petrol cars by 25%. 

GMR raised USD 300 mn bond for Hyderabad airport expansion.

• GMR Hyderabad International Airport Ltd. on 4th March announced that it has priced a $300 million bond in the international market.  It had entered into a purchase agreement to issue and allot $300 million senior secured notes of five-year tenure at a coupon rate of 5.375%. The proceeds would be used to fund the expansion of the Rajiv Gandhi International Airport Hyderabad.

Rupee plunged 76 paise to 69.17 against dollar.

• The rupee plunged 76 paise on 4th March to close at 69.17 against the U.S. dollar after the RBI cut the interest rate but kept its monetary policy stance ‘neutral’.

• In its first bi-monthly policy review for this financial year, the central bank slashed the policy rate by 25 basis points for the second time in a row, following which the rupee and sovereign bond prices tumbled.

• At the Interbank foreign exchange (forex) market, the rupee opened lower at 68.56 and fell further to touch the day’s low of 69.21. It finally settled at 69.17, down 76 paise over its previous close. The rupee had surged by 33 paise to 68.41 against the dollar on 3rd March.

India’s services sector output growth at six-month low in March.

• India’s services’ sector activity eased in March with the slowest pace of output growth in six-months due to slower expansion in new work, leading to the weakest rate of hiring since last September.

• The seasonally adjusted Nikkei India Services Business Activity Index fell to 52 in March from 52.5 in February, indicating the slowest expansion since last September.

• Despite the moderation, the services Purchasing Managers' Index (PMI) was in the expansion territory for the tenth straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.  Indian services sector growth weakened at the end of the fourth quarter of FY18, with activity expanding at the slowest rate since last September.

AFSPA removes its power partially in Arunachal Pradesh.

• The Armed Forces (Special Powers) Act (AFSPA) was partially removed from three of nine districts of Arunachal Pradesh but would remain in force in the areas bordering Myanmar.

• The State of Arunachal Pradesh had inherited AFSPA since 1987, the day of its formation.  AFSPA is enacted by Parliament in 1958 and was applied to the entire State of Assam and the Union Territory of Manipur. After Arunachal Pradesh, Meghalaya, Mizoram, and Nagaland came into being, the Act was appropriately adapted to apply to these states as well. 

• Powers given to AFSPA: AFSPA empowers an authorised officer in a disturbed area with certain powers including an open fire at any individual even if it results in death if the individual violates laws. The authorized officer is also empowered to (a) arrest without a warrant; and (b) seize and search without any warrant any premise in order to make an arrest or recovery of hostages, arms and ammunition.

• AFSPA mentions that individuals who have been taken into custody have to be handed over to the nearest police station as soon as possible. There is no prescribed time limit for detention. 

India to set up IAIARD in Malawi.

• The Ministry of External Affairs has signed an MOU with National Bank for Agriculture and Rural Development Consultancy Service (NABCONS) for setting up India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi.

•  IAIARD would be a Pan-African Institute wherein trainees from Malawi and other African countries, will receive training to develop their human resources and build their capacity. IAIARD will impart training in the areas of micro-financing and agro-financing, among others.

• IAIARD is the first of its kind initiative undertaken in an African country by India. IAIARD will further strengthen the bilateral relations with Malawi and India's relations with the African Union. 

• NABARD Consultancy Services (NABCONS) is a fully owned subsidiary promoted by National Bank for Agriculture and Rural Development (NABARD). Nabcons is engaged in providing consultancy in all spheres of agriculture, rural development, and allied areas.

Russian delegation meets I&B Secretary in New Delhi.

• A Russian delegation led by the Russian Deputy Minister of Digital Development, Communications and Mass Media,  Alexey Volin met Information and Broadcasting Secretary Amit Khare in New Delhi. 

•  During the meeting, it was mutually agreed that an annual Indo-Russian Forum for Media Cooperation is organized alternately in India and Russia to institutionalize the process of cooperation between the two countries in the media and entertainment sector. 

• Television, news agencies, digital distribution platforms, new media, news gathering, co-production of programmes, sharing of content and exchange of professionals were identified as possible areas of collaboration. The need to forge strong connections between the young journalists of the two countries was also highlighted in the meeting. On the occasion, 

• Amit Khare stated that the Golden Jubilee edition of the International Film Festival of India scheduled to be held later this year offers an opportunity to countries to showcase their creativity and cinematic excellence on a global platform. He extended an invitation to the Russian Delegation to participate in it.

Chatbot Making Startup Haptik was acquired by Reliance Jio Digital for Rs.700 Crore.

• Reliance Jio Digital, a subsidiary of Reliance Industries acquired a chatbot making startup firm Haptik worth for Rs.700 Crore. In this Rs.700 Crore deal,Rs.230 Crore will be used for business transaction and Rs.470 Crore will be used for business expansion. After this acquisition, Reliance Jio Digital will now hold 87% stake in Haptik, while Existing investor Times Internet which holds 70% stake will exit the company.

MEMORANDOM OF ASSOSIATION:

Moscow Exchange signs deals with BSE, India INX.

• Russia's Moscow Exchange (MOEX) has signed a Memorandum of Understanding (MoU) with the Bombay Stock Exchange (BSE) and India International Exchange (India INX).

• This will be the very first time that Indian exchanges will enter into the MoU with Moscow exchange. The move aims to ease the access of Indian capital to the Russian market.

APPOINTMENTS AND RESIGNATION:

Former Bollywood Actress, Mayoori kango has appointed as the Industry Head of Google India

• She will lead Google engagement with Publicis (Parent Company of Performics) and DAN. Before joining Google India, Mayoori has worked as a Managing Director in Performics which is part of Publicis Groupe. She has been instrumental in engaging and retaining accounts of firms like Uber, Airtel and Nestle.

Vipin Anand assumed charge as new Managing Director of LIC.

• Vipin Anand was appointed as the Managing Director of the Life Insurance Corporation of India (LIC), by the government last month. He was instrumental in setting up LIC's operations in Singapore and Bangladesh. He served more than 35 years in LIC. Life Insurance Corporation (LIC) executive board comprises of one chairman and four managing directors (MDs).

• The government appointed MR Kumar as the Chairman of Life Insurance Corporation (LIC) and TC Suseel Kumar as the managing director (MD) on March 13.

Rakesh became next High Commissioner of India to the Republic of Cameroon

• Shri Rakesh Malhotra, Who was a Consul General, Consulate General of India, Melbourne appointed as the High Commissioner of India to the Republic of Cameroon.

INTERNATIONAL:

Saudi Arabia pledged USD 1 billion for Iraq at start of economic visit.

• Saudi Arabia has reopened a consulate in Baghdad for the first time in nearly 30 years and announced a one billion dollars aid package for Iraq.

• Saudi Arabia would also provide Iraq with $500m to boost exports and a gift of a 100,000-seat sports stadium to be built on Baghdad's outskirts.

• Saudi Arabia cut ties with Iraq when the latter invaded Kuwait in 1990.

• Diplomatic relations resumed in 2015 when Riyadh sent an ambassador to Baghdad, and improved with the then-Saudi Foreign Minister Adel al-Jubeir's visit in 2017, the first by a

• Saudi foreign minister since 1990.

South Korea Launches Worlds First National 5G Networks.

• South Korea launches the world’s first fully-fledged 5G mobile networks.  The system will bring smartphones near-instantaneous connectivity 20 times faster than the existing 4G allowing users to download entire movies in less than a second. About South Korea Capital- Seoul,  Currency- South Korean won President: Moon Jae-in Prime Minister:Lee Nak-yeon.

AWARDS AND HONOURS:

PM Modi awarded UAE's highest civilian honor Zayed medal.

• President of the UAE Sheikh Khalifa bin Zayed Al Nahyan honoured Prime Minister Narendra Modi with the prestigious Zayed Medal for boosting relations between the Emirates and India. The 'Order of Zayed' is the highest civil decoration instituted by the UAE.

• It consists of a collar cantered by a medallion bearing the name 'Zayed' - the founding father of the United Arab Emirates (UAE).

• In the past, this award has been conferred to Russian President Vladimir Putin, then US President George W Bush, German Chancellor Angela Merkel, Chinese President Xi Jinping and the UK's Queen Elizabeth II. Prime Minister Narendra Modi has visited UAE twice in three years. The Crown Prince of Abu Dhabi also visited India in 2017.

DAYS:

National Maritime Day is celebrated on April 5 in India.

• National Maritime Day in India is celebrated on April 5 every year. The day is being observed since 1964.

• Hundred years ago, on this day in 1919, navigation history was created when SS Loyalty, the first ship of The Scindia Steam Navigation Company Ltd travelled to the United Kingdom from Mumbai.

•  It was a crucial step for India shipping history when sea routes were controlled by the British. It marked a red letter day in the maritime history of India. 

• This day is celebrated to spread awareness in supporting intercontinental commerce and the global economy. The theme of the 56th edition of the National Maritime Day is “Indian Ocean-An Ocean of opportunity”.

• National Maritime Day 2019 awards, the Varuna Award, will also be given for outstanding contribution to Indian Maritime Sector.

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Important Current Affairs of 4th April

INTERNATIONAL:

Cholera vaccinations launched in post-cyclone Mozambique.

• In Mozambique, a vaccination campaign launched after Cyclone Idai battered the nation and unleashed an outbreak of cholera.

• International relief agencies and the Health Ministry are aiming to immunise nearly 9,00,000 people against the water-borne intestinal disease, which has already killed two people and infected more than 1,400.

• The vaccinations will be administered at health centres, shelters for the displaced, and at schools and markets. Cyclone Idai smashed into the coast of central Mozambique last month, unleashing hurricane-force winds and rains that flooded the hinterland and drenched eastern Zimbabwe.

Brunei passed harsh new sharia laws.

• Brunei introduced harsh new sharia laws, including death by stoning for adultery and gay sex.

• The law was passed despite a storm of global criticism from politicians, celebrities and rights groups.

• The tough penal code in the country fully came into force following years of delays. The laws make Brunei the first place in East or Southeast Asia to have a sharia penal code at the national level, joining several mostly West Asian countries such as Saudi Arabia.

APPOINTMENTS AND RESIGNATIONS:

Chicago elected Lori a black woman as its Mayor.

• Chicago elected Ms.Lori Lightfoot, 56, a black woman as its Mayor. The voters have put their faith in an openly-gay political novice to tackle difficult problems of economic inequality and gun violence.

• Since 1837, Chicago voters have elected only one black Mayor and one woman Mayor. Ms. Lightfoot will become Chicago’s first openly gay Mayor as well as the first African-American woman to hold the post.

• Lori Lightfoot a former federal prosecutor and practicing lawyer beat out Toni Preckwinkle, a career politician who is also black, by a wide margin of 74% to 26% with most ballots counted. She has promised to clean up city government and reduce economic inequality.

Algeria's president Abdelaziz Bouteflika resigns after 20 years in power.

• Algeria‘s long-serving president Abdelaziz Bouteflika announced his resignation, after mass protests demanding an end to his rule, and after a call from the army for him to be declared unfit to hold office. Bouteflika came to the presidency after its darkest period, the 1990s Islamic insurgency.

• . After taking power in 1999, he managed to bring back stability to a country devastated by killings and distrust. Mr Bouteflika has not publicly spoken and has been wheelchair-bound since a stroke in 2013. Bouteflika is accused of failing to create an economy that could offer enough jobs, despite the nation's vast oil and gas wealth. Abdelkader Bensalah took charge as interim leader for a maximum of 90 days as elections are organised.

NATIONAL:

Two new birds spotted in Kerala Aralam sanctuary.

• The 19th edition of the bird survey in Aralam Wildlife Sanctuary spotted two new species of birds - Woolly-necked Stork (Karuvarakkuru) and White-bellied Drongo (Kakkarajan) - both dry land species. A total of 152 species were spotted in the three-day survey.

Tata Projects bagged USD321 mn worth project from NPCIL.

• Tata Projects has received an order from the Nuclear Power Corporation of India (NPCIL) for the construction of 2 x 700 MW power plant. The estimated cost is about $321 million.

• This is the firm’s third contract in the nuclear power sector.  This project will provide the much needed power supply to the region and ensure developmental initiatives receive an impetus. The scope of work involves the construction of main plant buildings, structures and other works of Gorakhpur Haryana Anu Vidyut Pariyojana - 1&2.

IFINs GNPAs touched 90 percent says IL&FS.

• IL&FS Financial Services Ltd. (IFIN), the non-banking finance arm of infrastructure conglomerate IL&FS, reported an increased gross non-performing asset (NPA) ratio of 90% as at end December 2018 against the gross NPAs of 5% in March 2018. The new management completed six months.

•  It is unusual for any lender to report 90% gross NPAs and it is probably for the first time, in recent times, that a lender had reported such delinquency. IFIN’s total exposure as on March 31, 2019 was Rs.18,805 crore, of which external exposure was Rs.10,656 crore and exposure to the group, Rs. 6,949 crore. About Rs.1,300 crore is categorised as other assets.

US approved to sell 24 'Romeo' Seahawk helicopters to India for USD 2.4 billion

• The US has approved the sale of 24 multi-role MH-60 'Romeo' Seahawk helicopters to India at an estimated cost of $2.6 billion. The Lockheed Martin-built helicopters are designed for hunting submarines, targeting ships, and conducting search-and-rescue operations at sea. It is considered the world's most advanced maritime helicopter.

• The helicopters are currently deployed with the US Navy. These helicopters would replenish India's aging fleet of British-made Sea King helicopters.

Indian Army builds longest suspension bridge 'Maitri on Indus in record 40 days

• Indian Army's Combat Engineers of 'Sahas aur Yogyata' Regiment of 'Fire and Fury Corps' have built the longest cable suspension bridge named 'Maitri’ over Indus river in Leh in a record 40 days. The 260-foot-long bridge is dedicated to Indians to commemorate 20th year of Kargil Vijay Diwas.

• The central government had emphasised on building an all-weather road connectivity in the region. An all-weather road was built from Manali to Ladakh via Zanskar in Kargil last year. Similarly, the work for the Zojila tunnel, which is Asia's longest, has also been started. These projects were part of the Rs 25,000 crore projects allocated by the Centre for the state of Jammu and Kashmir.

BANKS AND ECONOMICS:

RBI reduced repo rate for second consecutive time by 25 bps to 6 percent.

• The RBI cut its repo rate by 25 basis points to 6% in its first bi-monthly policy review of 2019-20. The decision comes a week before the election starts on April 11. The central bank had reduced the benchmark lending rate by 25 basis points in February after an 18-month gap.

• The reverse repo rate, too, was lowered from 6% to 5.75%. The bank rate was fixed at 6.25%. What is Repo rate? Repo rate refers to the rate at which commercial banks borrow money from the Reserve Bank of India (RBI) in case of shortage of funds.

• Repo rate is short form of Repurchase Rate. What is reverse repo rate? The reverse repo rate is the rate at which the central bank borrows money from commercial banks, to control the money supply in the country.

One97 Communications-owned Paytm Money Gets SEBI Approval for Stock Broking.

• One97 Communications-owned Paytm Money, the wealth management arm of Paytm got approval from the Securities and Exchange Board of India (SEBI) to start offering a stock broking service such as the ability to trade in equities and cash segments, derivatives, and exchange-traded funds (ETFs) among other exchange-traded products.

RBI sets limits for Ways and Means Advances.

• The Reserve Bank of India (RBI) in consultation with the government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs.75000 crore.  Ways and Means Advances (WMA)

♦ WMA is the temporary loan facility provided by the RBI to the Centre and State governments

♦ The WMA scheme was introduced in 1997 to meet any temporary mismatches in the receipts and payments of the government

♦ The WMA needs to be vacated after 90 days

♦ The interest rate for WMA is currently charged at the repo rate that is, 6.25%

♦ The limits for WMA are decided by the RBI and in consultation with the Government of India RBI's Policy rates and Reserve ratios:

 ♦ Bank Rate: 6.50%

♦ Repo Rate: 6.00%

♦ Reverse Repo Rate: 6.00%

♦ Cash Reserve Ratio: 4%

♦ Statutory Liquidity Ratio: 19.25%

DAYS:

UN observes International Day for Mine Awareness on 4th April.

• On 8 December 2005, the United Nations General Assembly (UNGA) declared that 4 April of each year shall be observed as the International Day for Mine Awareness and Assistance in Mine Action.

• The theme for 2019 is "United Nations Promotes SDGs – Safe Ground – Safe Home". United Nations Mine Action Service (UNMAS) has been working to:

♦ meet the needs of the affected people and tailored to the threat of explosive hazards faced by civilians, peacekeepers, and humanitarians

♦ save lives

♦ facilitate deployment of UN missions and the delivery of humanitarian assistance

♦ protect civilians

♦ support the voluntary return of the internally displaced and refugees

♦ enable humanitarian and recovery activities.  

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Important Current Affairs of 3rd April

NATIONAL:

Tata Power, Indraprastha Gas To Offer Integrated Services.

• Tata Power and Indraprastha Gas Limited (IGL) signed a memorandum of understanding to set up integrated customer services and optimize value for customers.

• The pact will also cover common safeguard activities of underground assets (pipes and cables) including the right of way for activities like maintenance and lying of pipes and cables, routine patrolling of under and above ground assets.

Garuda Prakashan launched Modi Again and Saffron Swords.

• The Indian Publishing company, Garuda Prakashan Private Limited, launched its two books “#Modi Again” and “Saffron Swords – Centuries of Indic Resistance to Invaders”.

• #Modi Again: Why Modi is right for India, An Ex-Communist’s Manifesto” authored by Aabhas Maldahiyar, states the reasons about how Narendra Modi is right for India. “Saffron Swords: Centuries of Indic Resistance to Invaders” written by Manoshi Sinha Rawal is a book on 52 unsung warriors of India from last 1300 years.

BESCOM plans to use Solar energy to power electric vehicles.

• Bangalore Electricity Supply Company (Bescom) is looking to utilise solar energy to power electric vehicle charging stations.

•  The aim is to ensure that clean transport is driven by clean energy.  Karnataka Power Transmission Corporation Limited (KPTCL): 

♦ KPTCL is the sole electricity transmission and distribution company in the state of Karnataka

HCL Completes Acquisition Of Strong-Bridge Envision.

• IT major HCL Technologies stated that its acquisition of US-based Strong-Bridge Envision has been completed.  HCL recently agreed to acquire the Seattle-based company to enhance its digital transformation consulting capabilities. According to reports, the deal was worth 45 million dollars.

GST collections set new record in the month of March.

• The Finance Ministry said that GST collections have scaled to a record high of Rs.1,06,577 crore in March 2019. The revenue collection was Rs.97,247 crore in the month of February.

• The record revenue collection was attributed to increased compliance and an increase in the number of returns filed. Total gross GST revenue collected in March 2019 stood at Rs.1,06,577 crore of which Central GST is Rs.20,353 crore, State GST is Rs 27,520 crore, Integrated GST is Rs.50,418 crore and cess is Rs.8,286 crore.

• The number of summary sales returns GSTR-3B filed for the month of February up to March 31 stood at 7.59 million. The monthly average of GST revenue during 2018-19 stood at Rs.98,114 crore which is 9.2% higher than the previous fiscal. GST collections for 2018-19

COMCASA: First secure link between India, US navies set up.

• India and the US have set up the first ever secure communication link between the Indian Navy & US Central as well as Pacific Naval Commands under the COMCASA pact at New Delhi, India.

• As a result of the implementation of the COMCASA, US has also activated the Selective Availability Anti-Spoofing Module GPS system in some of C-130 and C-17 transport aircraft. About COMCASA: COMCASA - COMmunications, Compatibility And Security Agreement.

•  It is the Indo-US military-information sharing pact and was signed at the 2+2 bilateral summit on 6th September, 2018. COMCASA is one of the three foundation agreements that need to be signed by a country with the United States to share high-end encrypted communication and satellite data.

INTERNATIONAL:

European Union launched WTO cases against India, Turkey.

• The European Union has launched two World Trade Organization (WTO) disputes against India over import duties on IT products and against Turkey over measures affecting pharmaceutical producers. In the case against India, the EU is challenging the introduction of import duties of between 7.5 and 20 percent for a wide range of IT products, such as mobile phones and components, as well as integrated circuits. In the case against Turkey, the EU is challenging measures that force foreign pharmaceutical producers to move their production to Turkey.

Bolivia joins International Solar Alliance.

• During the state visit of the President Ram Nath Kovind to Bolivia, Bolivia has signed the framework agreement to join the International Solar Alliance.

• So far, 73 countries have signed the ISA Framework Agreement The International Solar Alliance (ISA) was unveiled by Prime Minister of India and French President at the U.N. Climate Change Conference in Paris on November 30, 2015.

• The idea was to form a coalition of solar resource-rich countries to collaborate on addressing the identified gaps in their energy requirements through a common approach. India, with a target to produce 100 GW of solar energy by 2022, would account for a tenth of ISA’s goal. ISA is the first international body that will have a secretariat in India.

Indonesia seeks to increase import from India.

• Indonesia is looking at increasing sugar, rice and bovine imports from India. Consul General of Indonesia, Ade Sukendar said that India exported about 50,000 tonnes of rice in 2018.

• It is looking at importing more non-basmati rice also from India. There was potential to import over one lakh tonnes a year. Negotiations are ON between the two countries to increase imports. Total exports from Indonesia to India in 2018 were to the tune of $13.72 billion and exports from India were to the tune of $5.01 billion.

AGREEMENTS:

India and Bolivia signed for the development and industrial use of lithium.

• India and Bolivia have signed an agreement for the development and industrial use of lithium during the state visit of the President Ram Nath Kovind to Bolivia.

• Lithium is a prime component used to power electric vehicles and cell phones.

• India and Bolivia agreed to forge a mutually beneficial partnership to facilitate Bolivian supplies of lithium Carbonate to India. The countries also plan to foster joint ventures for lithium battery/cell production plants in India.  This agreement will make Bolivia one of the major provider of metal for India's e- mobility and e-storage needs. Bolivia is known to have one-fourth of the world's lithium reserves.

•  The agreement facilitates mechanisms for the commercialization of Lithium Carbonate and Potassium Chloride produced in Bolivia by Yacimientos de Litio Bolivianos Corporation (YLB Corporation).

BANKS AND ECONOMICS:

BNP Paribas Cardiff sold 5 crore shares in SBI Life Insurance for 2,889 crore

• The foreign partner of SBI Life Insurance, BNP Paribas Cardiff sold 5 crore shares of the company for Rs 2,889 crore to increase its public shareholding to 25% of its paid-up equity share capital on or before October 2, 2020.

• This sale has not undertaken as per the methods prescribed by SEBI for achieving the minimum public shareholding (MPS) Threshold. The average price of equity share during the sale was Rs 577.93 per equity share. On the other hand, Canada Pension Plan Investment Board has bought 2 crore shares at an average price of Rs 577.50 per shares.

Kotak Mahindra Bank Becomes First Lender To Charge For UPI Use.

• Kotak Mahindra Bank (Kotak) stated that it will charge customers for UPI transactions starting 1st of May 2019.  For each Kotak Bank account, the first 30 UPI fund transfers will be free, after which a charge will be levied on all fund transfers from the bank account. This will be applicable across all platforms, including Paytm, PhonePe, Google Pay or Truecaller Pay among others.  

AWARDS:

Vikram Patel receives John Dirks Canada Gairdner Global Health Award.

• Vikram Patel, a psychiatrist and professor of global health at Harvard Medical School, has won the prestigious John Dirks Canada Gairdner Global Health Award.

• Mr.Patel has led research generating knowledge on the burden and determinants of mental health problems in low and middle-income countries and pioneered approaches which utilise community resources for the prevention and treatment of mental health problems in India with global impact.

• Laureates received a $100,000 cash honorarium and will be formally presented with their awards on October 24, 2019, at the annual Canada Gairdner Awards Gala in Toronto.

• Canada Gairdner Global Health Award: The John Dirks Canada Gairdner Global Health Award recognizes the world’s top scientists who have made outstanding achievements in Global Health Research.

SPORTS:

Saurav Ghosal becomes first Indian to enter top-10 in men's PSA rankings.

• Saurav Ghosal became the first Indian male squash player to enter the top 10 in the PSA (Professional Squash Association) world rankings. He has moved up two places to a career-high ranking of tenth and is currently the only Asian in the top-10.

• Ghosal made it to the quarter-finals of the 2018-2019 PSA World Championships in Chicago, USA for the first time in his career.

• He was also a quarter-finalist at the prestigious Grasshopper Cup in Zurich, Switzerland. In the women's rankings, Joshna Chinappa continued to be the best-ranked Indian, moving up to the 15th position. Earlier, Dipika Pallikal had broken into the top-10 in 2012 and once again in 2014.

RESIGNATIONS:

Google India head Rajan Anandan resigns after 8 years.

• Rajan Anandan, vice president for Google India and South East Asia, is leaving the company after an eight-year stint and will be joining Silicon Valley’s marquee venture fund Sequoia Capital. He will stay until the end of this month. Rajan Anandan had joined Google in 2011. His responsibility will be taken over by Country Director Sales Vikas Agnihotri in the interim.

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Important Current Affairs of 2nd April

APPOINTMENTS AND RESIGNATIONS:

Eicher Motors Ltd. Vinod K.Dasari as the CEO of Royal Enfield.

• Eicher Motors Ltd. has appointed Vinod K. Dasari as the Chief Executive Officer of Royal Enfield. He will also join the board of Eicher Motors as executive director with immediate effect.

• He stepped down as MD and CEO of Ashok Leyland on March 31. He takes over from Siddhartha Lal, who will continue as the MD of Eicher Motors.  The company also plans to invest Rs.700 crore in capital expenditure for 2019-20. The planned expenditure will include completion of construction work of the Technology Centre, Phase-2 of the Vallam Vadagal plant in Tamil Nadu and towards the development of new platforms and products.

SPORTS:

Indian Badminton Tournament 2019 was held in New Delhi.

• The Indian Badminton Tournament 2019 was held at K. D. Jadhav Indoor Hall in New Delhi from 26 to 31 March 2019 and had a total purse of $350,000. Champions of Indian Open Badminton 2019:

♦ Men's Singles: Viktor Axelsen (Denmark)

♦ Women's Singles: Ratchanok Intanon (Thailand)

♦ Men's Doubles: Lee Yang and Wang Chi-lin (Chinese Taipei)

 ♦ Women's Doubles: Greysia Polii and Apriyani Rahayu (Indonesia)

♦ Mixed Doubles: Wang Yilü and Huang Dongping (China) India's Srikanth Kidambi lost to Viktor Axelsen of Denmark 7-21, 20-22 in the men's singles summit clash.

India finish with 16 gold medals at Asian Airgun Championships.

• Indian shooters claimed five gold medals on the final day of the Asian Airgun Championships to sign off with a total of 25 medals in Taoyuan, Taipei.  India finished with 16 gold, five silver and four bronze medals.

• The next assignment for Indian shooters is scheduled at Al Ain, the United Arab Emirates where the International Shooting Sport Federation Shotgun World Cup stage. India finish with 16 gold medals at Asian Airgun Championships.

Manu Sawhney took over as ICC Chief Executive with immediate effect.

• India-born Manu Sawhney, the ex-CEO of Singapore Sports Hub and ex-Managing Director of ESPN Star Sports, has been working alongside the outgoing Chief Executive David Richardson for last six weeks to ensure a smooth transition. Richardson will remain with the International Cricket Council (ICC) until July to oversee the delivery of the ICC Men’s Cricket World Cup 2019.

Lewis Hamilton won Bahrain Grand Prix 2019.

• Lewis Hamilton won Bahrain Grand Prix 2019 title  He defeated Valtteri Bottas of Finland who secured the second position.  Charles Leclerc was finished with the third position and becoming Ferrari’s youngest ever race winner at the age of 21. About Bahrain Grand Prix 2019 First race took place at the Bahrain International Circuit on 4 April 2004. Number of times held: 15 First held:2004 Most wins (drivers): Germany Sebastian Vettel  Most wins (constructors): Italy Ferrari

NATIONAL:

Hump-backed Mahseer, a large freshwater fish added in 'Critically Endangered' list.

• Hump-backed Mahseer, also called the tiger of the water and found only in the Cauvery river basin (including Kerala’s Pambar, Kabini and Bhavani rivers) - is now “Critically Endangered”, as per the International Union for Conservation of Nature’s (IUCN) Red List of Threatened Species.

• There are about 16 species of mahseer in India. Maximum length  of fish will be 150 cm and a weight of 90 kg. The fish is considered as one of the 229 species from recent Red List which updated in November 2018. The threat status of 12 other Indian species, including great hornbills, has increased.

Odisha celebrated 84th foundation day on April 1, 2019.

• The day is also known as ‘Utkal Divas.’ Odisha was the first State to be formed on linguistic basis in 1936. Earlier, Odisha was part of Bihar.

India’s defense satellite EMISAT successfully launched by ISRO.

• The Indian Space Research Organization, ISRO, launched India’s latest satellite EMISAT and 28 other smaller satellites of international customers this morning with textbook precision.

•  The ISRO Telemetry Tracking and Command Network at Bengaluru has assumed control of EMISAT satellite after its successful launch.

• The national space agency’s workhorse launch vehicle PSLV-C45, carrying the payloads on board, lifted off from its spaceport, Satish Dhawan Space Centre, Sriharikota at 09:27 am. In a little over 17 minutes, the primary payload EMISAT was ed by the rocket at an altitude of 754 km, as planned.  In the coming days, the satellite will be brought to its final operational configuration.

Centre to set up Terror Monitoring Group (TMG) in J&K.

• The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir.

• TMG will act against all registered cases related to terror, terror financing and terror-related activities and bring them to a logical conclusion. It will identify all key persons including leaders of the organisations who are involved in supporting terrorism in any form and take concerted action against them.

• It will investigate the networks of various channels being used to fund terror and terror-related activities and take action to stop the flow of such funds.

• The seven-member TMG constitutes of members:

1. Headed by: Jammu and Kashmir additional director general of police (ADGP)

2. Intelligence Bureau (IB)

3. Central Bureau of Investigation (CBI)

4. National Investigation Agency (NIA)

5. Central Board of Direct Taxes (CBDT)

6. Central Board of Indirect Taxes and Customs (CBIC)

7. Jammu and Kashmir police inspector-general

INTERNATIONALS:

China launched 2nd Generation data relay satellite, Tianlian II-01.

• The Tianlian II-01 satellite was launched by a Long March-3B carrier rocket from the Xichang Satellite Launch Centre in southwest China's Sichuan Province. This is the first of China's second-generation data-tracking and relay satellites, which will provide services like data relay, measurement and control, and transmission to manned spacecraft, satellites, carrier rockets and non-spacecraft users.

Japan names new imperial era, set to begin on May 1, as 'Reiwa'.

• 'Reiwa' will be the name for the new era when Prince Naruhito succeeds his father Emperor Akihito, whose abdication on April 30 will end the 31-year 'Heisei' era (Since 1989). While 'Rei' means "good" and "beautiful" as well as "order" or "command", 'Wa' means "peace" or "harmony".

BANKS AND ECONOMICS:

Reserve Bank of India to inject USD 5 billion more liquidity into banking system

• Reserve Bank of India injects long-term liquidity worth USD 5 billion into the banking system through a dollar-rupee buy-sell swap for a tenure of three years on April 23, the second such auction within a month.

•  Earlier on March 26, the central bank had bought USD 5 billion through similar swap auction in a bid to ease liquidity ahead of elections. "In order to meet the durable liquidity needs of the system, the RBI has decided to inject Rupee liquidity for a longer duration through long-term foreign exchange Buy/Sell swap in terms of its extant Liquidity Management Framework,"

Bank of Baroda becomes 2nd largest PSU, 3rd largest bank in India.

• Bank of Baroda (BoB) became the second largest public sector undertaking (PSU) bank after merging Dena Bank and Vijaya Bank into itself as part of the first three-way amalgamation. BoB is now the third-largest bank after State Bank of India (SBI) and HDFC Bank. Following the merger, the number of PSBs has come down to 18.

•  The consolidated bank will have over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers. The bank will have a business mix of Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively. Post-amalgamation, the bank will have a 22 per cent market share in Gujarat and 8-10 per cent market share in Maharashtra, Karnataka, Rajasthan and Uttar Pradesh.

Reliance Mutual Fund partnering with Google becomes the first Indian company to launch voice-based financial transactions

• Reliance Nippon Life Asset Management (RNAM) joined hands with Google to enable the customers of Reliance Mutual Fund to carry out voice-based financial transactions. RNAM becomes the first company in India, to provide a conversational interface that would help customers regarding funds transactions.

About RNAM 

♦ It is a joint venture between Anil Ambani-led Reliance Capital and Japan’s Nippon Life Insurance Co Ltd.

♦ CEO Sundeep Sikka

♦ Founded: 1995

DAYS:

World Autism Awareness Day is observed on 2nd April.

• World Autism Awareness Day is an internationally recognized day observed on 2nd April every year. The aim is to encourage member states of the United Nations to take measures to raise awareness about people with Autism Spectrum Disorder (ASD) throughout the world.

• The theme for 2019 is "Assistive Technologies, Active Participation". It was designated by the United Nations General Assembly (UNGA). World Autism Awareness Day was passed in council on 1 November 2007 and adopted on 18 December 2007. It was proposed by the United Nations representative from Qatar, Her Highness Sheikha Mozah Bint Nasser Al-Missned, Consort of His Highness Sheikh Hamad Bin Khalifa Al-Thani, the Emir of the State of Qatar, and supported by all member states.

• World Autism Day is one of only seven official health-specific UN Days. The day itself brings individual autism organizations together all around the world to aid in things like research, diagnoses, treatment, and overall acceptance for those affected by this developmental disorder.

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Important Current Affairs 1st April 2019

BANKS AND ECONOMICS:

KIIFB raised Rs.2,150 crore via masala bonds.

• Kerala Infrastructure Investment Fund Board (KIIFB), a State government agency, said it has raised Rs.2,150 crore through its masala bond issue.

• This is not just the first-ever offshore capital market issuance from a State-level entity from India but also the largest dual currency issue by a sub-sovereign backed entity from emerging markets and Asia. The issue saw strong participation from investors.

RBI announced branches of Vijaya, Dena Bank to function as BoB outlets.

• Reserve Bank of India said that the branches of Vijaya Bank and Dena Bank will function as Bank of Baroda (BoB) outlets from April 1. This is after the amalgamation of the two lenders with Bank of Baroda (BoB).

•  The merger will be effective from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank, will be treated as customers of BoB with effect from April 1.

INTERNATIONAL:

Russia has opened a helicopter training centre in Venezuela.

• Rosoboron export, Russia’s arms export company, has opened a training Centre for military helicopter pilots in Venezuela after Moscow flew in troops and equipment. The export wing of Russia’s arms corporation said that the helicopter training centre opened with Russian and Venezuelan specialists participating.

• The Centre that trains pilots to fly Russian-built Mil helicopters was built on the basis of a contract between Rosoboronexport and state-run Venezuelan Military Industrial Company Cavim. The announcement came after two Russian military planes landed a week ago at the main airport outside Caracas and offloaded equipment and troops. The military specialists are apparently helping to fix a malfunctioning Russian S-300 ground-to-air missile system.

Tesla Builds Its Largest Energy Storage System In Asia.

• Tesla developed its ‘largest power storage system in Asia’ at Osaka train station in Japan to reduce energy demand and provide emergency backup power to trains in Japan.  It was Launched in partnership with Kintetsu, a railway operator in Japan’s Osaka. About Tesla CEO: Elon Musk  Owner: Elon Musk Production output: 245,162 vehicles (2018) Founders: Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright 

GRSE becomes 'first' Indian shipyard to deliver 100 warships.

• Garden Reach Ship Builders and Engineers Ltd (GRSE) became the "first Indian shipyard" to build and deliver 100 warships. GRSE Chairman and Managing Director, Rear Admiral (Retd) V K Saxena, formally handed over the 100th warship -- 'IN LCU L-56' -- to the Indian Navy.

• In the last 59 years, the company has built around 780 platforms, including 100 warships to the Indian Navy, the Coast Guard, and the Mauritius Coast Guard. About GRSE: GRSE - Garden Reach Ship Builders and Engineers Ltd. It is one of India's leading shipyards. Located in: Kolkata, West Bengal. Founded: 1884.

NATIONAL:

Centre turned down Bengals request for paramilitary forces.

• The Ministry of Home Affairs has turned down Mamata Banerjee government’s plea to retain 35 companies of Central forces, adding up to over 3,000 paramilitary personnel posted in areas that were earlier dominated by the outlawed Communist Party of India-Maoist.

• The State government has since then written to the Ministry to reconsider the decision, noting that the move might re-ignite the Maoist problems in the region. In its reply, the Ministry had informed the State of its decision to pull out the 35 companies of Central forces and deploy them on election duty in other parts of West Bengal.

In a first, Meghalaya polling booths to get ballot papers in braille.

• For the first time in Meghalaya, braille-enabled ballot papers will be made available at all polling booths.  The ballot paper pasted on the EVMs will have the names and symbol of candidates in braille alphabets. The move will facilitate more than 800 visually impaired electorates to vote by a secret ballot.

ISRO opens its 1st visitors gallery to watch rocket launches.

• In a first, The Indian Space Research Organisation (ISRO) opened a visitors' gallery with 5,000 capacity at Andhra Pradesh's Sriharikota island. The gallery has a clear line of sight to two launch pads and large screens to explain launcher and satellite features. This comes as ISRO is launching defence satellite EMISAT along with 28 foreign satellites on April 1, 2019.

AWARDS AND HONOUR:

Dr Rajendra Joshi Conferred With Pravasi Bharatiya Samman.

• NRI scientist Dr Rajendra Joshi conferred with the Pravasi Bhartiya Samman Award by the President of India Ram Nath Kovind.  The Indian Ambassador to Switzerland Sibi George handed over the award citation signed by the President to Dr Joshi at his residence in Switzerland.

SPORTS:

Roger Federer won Miami Open 2019 title.

• Switzerland’s Roger Federer defeats USA’s John Isner in straight sets to lift his 101st career title at the Miami Open 2019. Federer is now behind only America’s Jimmy Connors with 109 career singles titles. 

• Roger Federer has lifted his fourth title at the Miami Open. It is Swiss player’s 28th Masters’ title and the 101st overall for a player who has won 20 Grand Slam singles titles.

South Korea won Azlan Shah Cup by defeating India.

• India has lost to South Korea in the final of Sultan Azlan Shah Hockey tournament at Ipoh in Malaysia. South Korea lifted the title, defeating India in a shoot out 4-2. Hosts Malaysia defeated Canada 4-2 and secured the 3rd place.

• Asian games Gold medalist Japan stood at 5th place, defeating Poland 6-1.

APPOINTMENTS:

ECI apppointed Viswajeet as Intelligence Chief for AP.

• The Election Commission of India appointed Additional Director-General of Police Kumar Viswajeet as Intelligence Chief for Andhra Pradesh. A 1994 batch IPS officer, Mr. Viswajeet, is presently Chairman of the Andhra Pradesh State Level Police Recruitment Board (APSLPRB).

• He will take charge immediately. The top post fell vacant with the Election Commission transferring former Intelligence DG, A.B. Venkateswara Rao. The Intelligence wing plays a key role in guiding the police and the election authorities on mobilisation of forces in critical and cut-off villages.

Mahesh Singh is appointed the Flag Officer Commanding Karnataka Naval Area.

• National Defence Academy, Rear Admiral Mahesh Singh takes charge as the Flag Officer Commanding Karnataka Naval Area. Mahesh Singh is a post graduate from Defence Services Staff College and he headed Navigation and Direction School at Kochi and the Maritime Warfare Centre at Vishakhapatnam. He was a commissioned into the Indian Navy in January 1987.

Air Marshal NS Dhillon to be designated as new Strategic Forces Command (SFC) Chief.

• Fighter pilot Air Marshal Navkaranjit Singh Dhillon has been appointed as the new Strategic Forces Command Chief.  He will succeed in Jasbir Walia. He was commissioned as a fighter pilot in the Indian Air Force on December 1981. He has experience as a Commanding officer in MiG-21 Sqn and as a Chief Operating Officer of a premier flying base.

Executive Director of ICICI, Vijay Chandok appointed as MD and CEO of ICICI Securities 4.

• Executive Director of ICICI Bank, Vijay Chandhok appointed as MD and CEO of ICICI Securities, a subsidiary of ICICI bank. He will succeed Shilpa Naval Kumar. He joined the ICICI Group in 1993. At present, he is on the boards of ICICI Bank UK PLC and ICICI Bank Canada and is the Chairman of ICICI Investment Management Company.

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