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Important Current Affairs 11th March 2019

NATIONAL:

Karnataka sought Rs.2,064 crore for draught relief

• Karnataka Chief Minister H D Kumaraswamy sought early release of Rs.2,064.30 crore funds to provide relief to drought-hit farmers in the ongoing rabi season. In addition to floods, Karnataka reeled under severe drought both during Kharif (summer) and rabi (winter) seasons of the 2018-19 crop year (July-June).

• The state government has submitted a memorandum seeking Rs.2,064.30 crore drought relief fund for the ongoing rabi season as crop loss is estimated to be Rs.11,384.7 crore. The state has declared drought in156 out of 176 talukas.

• The state has released Rs.386 crore from the State Disaster Response Fund (SDRF) and given priority to ensure drinking water and fodder, besides creating 1.19 crore man-days jobs under the MGNREGA scheme

Lok Sabha 2019 elections will start from 11th April

• Election Commission of India announced that the Lok Sabha 2019 elections will start from April 11, in seven phases. Code of Conduct for parties kicks in from 10th March and there are close to 90 crore eligible voters. Date of counting will be on the 23rd of May 2019.

• The election in 22 States and Union Territories will be conducted in a single phase. Two-phase elections are in Karnataka, Rajasthan, Manipur, and Tripura, while Assam and Chhattisgarh will have three phases. Jharkhand, Madhya Pradesh, Maharashtra, and Odisha will be covered in four phases, Jammu and Kashmir in five, and Bihar, Uttar Pradesh and West Bengal in seven phases. In Anantnag, the election will be held in three rounds.

• Schedule of the seven phases of Lok Sabha polls:

♦ Phase one – 11th April 2019

♦ Phase two – 18th April 2019

♦ Phase three – 23rd April 2019

♦ Phase four – 29th April 2019

♦ Phase five – 06th May 2019

♦ Phase six – 12th May 2019

♦ Phase seven – 19th May 2019

Date of counting- 23rd May 2019

NPPA reduced MRP of 390 non-scheduled cancer medicines up to 87 percent

• The National Pharmaceutical Pricing Authority (NPPA) has reduced the MRP of 390 non-scheduled cancer medicines have been reduced by up to 87%.NPPA has asked the manufacturers and hospitals to revise the prices based on the trade margin formula. According to the price regulator, five brands will see a price reduction of about 70%, while 12 others will see a 50-70% price cut. MRPs of 45 cancer medicines will reduce by 25%.

• This price reduction is expected to result in annual savings of around Rs.800 crore for patients. The price reduction is expected to benefit about 22 lakh cancer patients in India.

Ministry of power to give star rating for 2 electrical appliances

• The Ministry of Power has announced that two more electrical appliances microwave ovens and washing machines will now be assigned star ratings based on their energy efficiency metrics.

• The rating of appliances in India is undertaken by the Bureau of Energy Efficiency. Bureau of Energy Efficiency is a statutory body set up under the Energy Conservation Act, 2001.

• The program to rate microwave ovens and washing machines will be implemented on a voluntary basis and will be valid up to December 31, 2020. Star Rating of Appliances provides a basic sense of how energy efficient each product is. Higher the rating, higher is the efficiency of the appliance.

India, ASEAN clock fastest growth for e-commerce, digital trade sectors: FICCI KPMG

• According to India and ASEAN: Co-creating the Future’ report by industry body Federation of Indian Chambers of Commerce and Industry (FICCI) and consulting major KPMG, India and 10 member ASEAN are among the fastest growing economies in the world.

• India and ASEAN show a faster growth rate even for e-commerce and digital trade sectors.

• Global E-commerce Sector topped by China.

• Global e-commerce sales are expected to reach 4.5 trillion dollars from 1.3 trillion dollars by 2021.

• By 2025, the e-commerce market in India is expected to reach a volume of 90 billion dollars as per the report.

BANKS:

SBI to link the interest rate to RBIs repo rate

• State Bank of India is to link the interest rate it offers on savings account deposits to the Reserve Bank of India’s repo rate, an external benchmark. SBI has become the first domestic bank to do such linking. By doing so, the bank will effectively link all loan rates to an external benchmark either directly or indirectly, thereby attempting tospeed up the transmission of any changes in the benchmark monetary policy rate to depositors and borrowers.

• The following changes are announced by SBI:

♦ Savings accounts with deposits above Rs.1 lakh would be priced at 2.75% below the prevailing repo rate of 6.25%

♦ Cash credit accounts and overdraft facilities over Rs.1 lakh would be priced at 2.25% over the repo rate

♦ For all other floating rate products, including retail and corporate loans, the impact of SBI’s decision to link savings account deposit rates to the repo rate will be felt indirectly

♦ For savings account holders with balances up to Rs.1 lakh and borrowers with cash credit and overdraft limits up to Rs.1 lakh, interest rates will remain fixed

AWARDS AND APPOINTMENTS:

Maneka Gandhi felicitated the 30 winners of the Web Wonder Women contest

• Union Minister for Women and Child Development, Maneka Gandhi, felicitated the 30 winners of the ‘Web Wonder Women’ contest organized by the Ministry of Women and Child Development in New Delhi.

• The women were selected from over 240 nominations received under the categories media, awareness, legal, health, governmental, food, environment, development, business and art.

ACKO General Insurance honoured with Golden Peacock Award 2019

• he new-age digital insurance company, ACKO General Insurance was awarded the prestigious Golden Peacock Innovative Product Award – 2019, for their contextual micro insurance product -“Ola Ride Insurance“.

• The award was presented to Biresh Giri, Appointed Actuary & CRO, Acko at an event in Dubai.

• Launched in March 2018, Ola Ride Insurance is a first of its kind insurance in the Indian market where Acko partnered with the leading ride-sharing company, Ola.

India claims the First Prize at The International Golden City Gate Tourism Awards 2019 in the category of TV Cinema Spot at ITB, Berlin

• The Ministry of Tourism, Government of India was awarded the First Prize in the category- TV Cinema Spot at the International Golden City Gate Tourism Awards 2019 held at Internationale Tourismus-Börse (ITB), Berlin.

• The awards were received by Shri Yogendra Tripathi, Secretary, Tourism.

• The awards were given for the following promotional films and TV commercials produced under the Incredible India 2.0 Campaign:

Yogi of the Racetrack

The Reincarnation of Mr. and Mrs. Jones

Sanctuary in Paris

Maharani of Manhattan

The Masala Master Chef

S. Mubarak appointed as the next Ambassador of India to the Republic of El Salvador

• Shri B. S. Mubarak, the Indian Foreign Service officer of 2001 batch, is presently the Ambassador of India to the Republic of Guatemala.

INTERNATIONAL:

Japanese woman honoured by Guinness World Records

• A 116-year-old Japanese woman who loves playing the board game Othello is being honored as the world’s oldest living person by Guinness World Records.

• Tanaka was born January 2, 1903, the seventh among eight children. The previous oldest living person was another Japanese woman, Chiyo Miyako, who died in July at age 117.

NASAs LRO spotted water molecules moving around the dayside of moon

• NASA Scientists have observed water molecules moving around the dayside of the moon using NASA’s Lunar Reconnaissance Orbiter (LRO). It is an advance that could help us learn about the accessibility of water that can be used by humans in future missions.

• Measurements from the Lyman Alpha Mapping Project (LAMP) instrument aboard the LRO of the sparse layer of molecules temporarily stuck to the surface helped characterize lunar hydration changes over the course of a day.

• Lunar water can potentially be used by humans to make fuel or to use for radiation shielding or thermal management. Water molecules remain tightly bound to the regolith until surface temperatures peak near lunar noon.

Pulse polio programme launched in Nagaland

• The Nagaland Health and Family Welfare Department launched the first round of 'Intensive Pulse Polio Immunization' programme. I.Himato Zhimomi, Principal Secretary of Health and Family Welfare, administered the first two polio drops to an infant at Naga Hospital, Kohima marking the launch of the three-day programme.

India launched its 3rd IT corridor in China

• National Association of Software and Services Companies (NASSCOM) entered into a partnership with China's Xuzhou city from Jiangsu Province in China to help develop the IT corridor. This is India's third IT corridor in China. The corridor will facilitate partnerships between Indian and Chinese companies.

• The partnership will enable Indian software and service industry associations to enter the Chinese market and seize the development opportunities in China. The earlier two corridors launched at Dalian and Guiyang cities has brought to fore opportunities with over 300 companies where more than 10 Indian SME companies have signed deals worth 31 Million RMB (USD 4.5 million).

• The first two corridors had enabled cooperation in co-create mode in emerging technologies such as A1, IOT, and Analytics in the Chinese market. IT corridor project between India and China strengthens India-China Digital Cooperation

SPORTS:

Bisht won gold at the 38th GeeBee Boxing Tournament, Finland

• Kavinder Singh Bisht in the 56kg-category struck gold at the 38th GeeBee Boxing Tournament in Helsinki, Finland. Bisht defeated Commonwealth Games bronze-medallist Hussamuddin in the 56kg summit clash.

• Three-time Asian medallist Shiva Thapa, Govind Sahani, Commonwealth Games bronze-medallist Mohammed Hussamuddin and Dinesh Dagar won silver medals at the Finland Boxing tournament.

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Important Current Affairs of 10th March

NATIONAL:

Google launches 'Bolo' app to help children read in Hindi, English

• Google has launched a new app called Bolo, which aims to help students with their reading and comprehension skills and will help them read out aloud in English and in Hindi.

• The app features an animated character 'Diya', who encourages children to read stories aloud and helps if the child is unable to pronounce a word.

• Bolo will also be a free app and relies on Google’s speech recognition and text-to-speech technology.

Southern Railway gets a boost; Kerala to get a new coaching terminal in Nemom

• Minister of Railways & Coal, Shri Piyush Goyal laid the foundation stone for New Coaching Terminal at Nemom and unveiled WAP-7HS passenger locomotive through video conferencing here today. Shri Ghanshyam Singh, Member (Traction), Railway Board, Shri Rajesh Agarwal, Member (Rolling Stock), Railway Board, Shri Vishwesh Chaubey, Member (Engineering), Railway Board and other Senior Railway Officers were present on this occasion.

• Shri Piyush Goyal said that the present Government has consistently focused on development for all areas in the country

• The main focus has been on large scale infrastructure creation both physical and social.

Telangana govt forms SIT to probe data theft case

• The Telangana government formed a Special Investments in-depth probe into the alleged electoral rolls data theft.

• The Telangana government formed a Special Investments in-depth probe into the alleged electoral rolls data theft.

• The SIT will have three IPS officers, two DSPs and a few instants A YSR Congress leader had lodged a complaint with the Cyberattack.

• YSRCP president YS Jaganmohan Reddy alleged that the TDP president and chief minister N Chandrababu Naidu.

Centre to launch work from home jobs in the IT sector

• The government is working on a scheme to push work-from-home jobs in the IT sector by offering financial incentives to both employees and employers. Incentivising work-from-home jobs through policy-level initiatives can help in creating jobs in the ITES domain while increasing the available talent pool for the sector.

• This will create employment opportunities in the IT/ITES industry, especially for women and differently-abled persons. Currently, the scheme is proposed for a three-year period till March 31, 2022, with an outlay of about Rs.270 crore to create about 50,000 work-from-home jobs.

• The initiative is likely to be launched as phase II of the IT Ministry’s India BPO Promotion Scheme that incentivises firms to set up operations in tier-2 and tier-3 cities in the country. The scheme, launched in 2016, had an outlay of about Rs. 500 crore with an objective to create about 1.45 lakh jobs.

BANKS AND ECONOMY:

DBS plans to triple balance sheet size in 5 years as a WoS

• Singapore’s DBS Bank plans to grow its balance sheet size threefold in five years. DBS recently started operations in India as a wholly owned subsidiary (WoS). The bank is expected to close the financial year with a balance sheet size of Rs.50,000 crore.

• In 2018, the bank infused Rs.1,800 crore capital while transforming itself into a WoS. The total capital of the bank now stands at Rs.7,700 crore, with a capital adequacy ratio of more than 19%. The loan book, which is about Rs. 20,000 crore, is predominantly made up of corporate loans while the share of retail is less than 10%. The deposit base of the bank is about Rs. 30,000 crore.

• DBS aims to grow the retail so that it contributes 30% of the income and profitability over the next few years.

AWARDS AND PRIZES:

Arata Isozaki won Pritzker Architecture Prize

• Arata Isozaki, a prominent Japanese architect renowned for his versatility and transnational approach to design, has won his field's highest accolade, the Pritzker Architecture Prize.

• He is the 46th person and eighth Japanese architect to receive the Pritzker Prize.

President Ram Nath Kovind to give Nari Shakti awards on International Womens Day

• International Women’s Day is being observed on 08th March. Governments, NGOs and other organisations across the world observe the day on the 8th of March every year to highlight the achievements of women.

• The theme for this year’s women’s day is ‘Think Equal, Build Smart, Innovate for Change’.

• The purpose of the theme is to achieve gender equality by putting innovation by women and girls, for women and girls, at the heart of efforts.

RESIGNATION:

Kummanam Rajasekharan Resigns as Mizoram Governor

• Mizoram Governor Kummanam Rajasekharan stepped down from his post. Governor of Assam, Prof. Jagdish Mukhi, has been given temporary charge of the Aizawl Raj Bhavan.

• Mr. Rajasekharan, who was former State president of the BJP in Kerala, sworn in as Governor of Mizoram in May 2018.

INTERNATIONAL:

China hikes defence budget to USD 177.61 billion, turns second highest spender

• China has increased its defence budget by 7.5 per cent for this year, hiking it to USD 177.61 billion from last year's USD 175 billion.

• It is over three times India's defence budget.

• With this increase, China becomes the highest defence spender on defence after the United States.

• India's defence budget this year was increased by 6.87 per cent to Rs 3.18 lakh crore against last year's allocation of Rs 2.98 lakh crore.

France reiterates support for India’s permanent seat in reformed UNSC

• France, which assumed the March Presidency of the United Nations Security Council (UNSC), has reiterated its support for India as the permanent member of the powerful UN organ. It said that the UNSC’s enlargement is the first crucial part towards its reform.

• India has been calling for the reform of the UN Security Council along with Brazil, Germany, and Japan for long, emphasizing that it rightly deserves a place at the UN high table as a permanent member.

• It also stressed that the UN cannot be recognised as a centre of gravity for multilateralism throughout the world unless it can step up partnerships and focus should also be made on openness to civil society, business world, NGOs and trade unions, which are all stakeholders that breathe life into the UN.

SPORTS:

Yomif Kejelcha sets world indoor mile record with a time of 3min 47.01sec

• Ethiopia's Yomif Kejelcha smashed the world indoor mile record with a time of 3min 47.01sec at the Bruce Lehane Invitational in Boston. The 21-year-old broke a record of a mark of 3:48.45 set by Morocco's Hicham El Gerrouj on February 12, 1997.

• It was third time lucky for Kejelcha, who narrowly missed out on breaking world indoor records in his two previous races. He finished just 0.01 outside the world indoor mile record at the Millrose Games with a time of 3:48.46, and was then beaten to the world indoor 1,500m record in Birmingham one week later when compatriot Samuel Tefera won in 3:31.04.

EXTRAS:

HIV remission achieved via stem cell transplantation

• In a significant development, a person with HIV infection has been reported to be experiencing remission for the last 18 months after antiretroviral therapy (ART) was stopped following stem-cell transplantation in London. Remission is when HIV RNA (ribonucleic acid) is undetectable in blood. ART is used for treating HIV.

• The person with HIV was diagnosed with advanced Hodgkin’s lymphoma, a form of cancer, in 2012. To treat cancer, stem cells which give rise to blood cells were transplanted from a donor who had two mutant copies of a co-receptor for HIV infection. This exercise was carried out in London.  The co-receptor (CCR5) is used by the HIV virus to gain entry into host cells in humans. But a mutant does not allow the virus to enter the host cells and hence makes the person resistant to HIV infection.

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Important Current Affairs of 9th March

INTERNATIONAL:

Punjab Cabinet decision bring smiles on faces of teachers and nurses

• Punjab government is in a fix over the job status of 2,200 master-cadre contractual school teachers who have not been paid salary since November last year when their three-year contract had expired.

• They were supposed to get regular job at the expiry of the contract, but that hasn’t happened to date.

• Finance minister Manpreet Singh Badal gave a royal ignore to the teachers, who were demanding a regular job as per the conditions notified during their appointment in November 2014.

IRDAI, NHA form working group to curb fraud in Ayushman Bharat scheme

• The Insurance Regulatory and Development Authority of India (IRDAI) and the National Health Authority (NHA) have formed a working group on the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PM JAY).

• In six months, it will submit a report on how to detect and deter fraud through a common repository and capacity-building.

West Bengal Chief minister unveiled Yuvashree Arpan Scheme

• Under Yuvashree Arpan, 50,000 youths will receive financial assistance of Rs 1 lakh each for setting up an enterprise.

• The Yuvashree I scheme is implemented by the state labour department.

• Launched in 2013, the state provides unemployment allowance of Rs 1,500 per month to 1, 00,000 unemployed youth.

• The state government's Khadya Sathi project was awarded the Skoch platinum award for providing service to the people under the governance category for bringing in socio-economic change.

Government doubled income tax exemption limit for gratuity to Rs 20 Lakh

• The government has doubled the income tax exemption limit for gratuity to Rs 20 lakh from the existing Rs 10 lakh.

• Gratuity law applies to all employees who work in an organization where there are 10 or more employees in a year.

• It will be implemented from March 29, 2018.

• This will increase the burden of paperwork for those who retired on March 31, 2018.

Kylie Jenner named youngest self-made billionaire of all time by Forbes magazine

• Jenner, 21, made it onto the annual Forbes list of billionaires after debuting her Kylie Cosmetics online in 2015 with $29 lip kits containing matching lipstick and lip liner.

• According to Forbes list, she was both the world's youngest billionaire and also the youngest self-made billionaire ever.

• The richest person in the world remained Amazon.com Inc Chief Executive Officer Jeff Bezos, whose net worth increased to $131 billion from $112 billion in 2018, according to Forbes.

CCEA approved new rules to provide greater coal availability

• The Cabinet Committee on Economic Affairs approved new rules that will provide greater coal availability to stressed thermal power projects, based on the recommendations of the Group of Ministers constituted to look into the issue. One of the reasons for the stress was the non-availability of coal and that thermal projects without a medium to long-term power purchase agreements would not get coal supply.

Uttarakhand CM Rawat lays foundation stone for Doon-Mussoorie ropeway project

• Uttarakhand Chief Minister Trivendra Singh Rawat on Wednesday laid the foundation stone for the Dehradun-Mussoorie ropeway project which is considered to be a tourist novelty.

• The Rs 300-crore ropeway project is expected to be completed in three years, the Chief Minister said at a function here.

• The ropeway will shorten the one-hour zigzag drive to just 15 minutes from Purkul village the base camp at Dehradun to Mussoorie.

NGT ordered Volkswagen to deposit Rs.500 crore with CPCB

• The National Green Tribunal (NGT) ordered Volkswagen India to deposit a sum of Rs.500 crore with the Central Pollution Control Board (CPCB) within two months for using cheat devices in its diesel vehicles.

• A bench headed by NGT Chairperson Justice Adarsh Kumar Goel enhanced the compensation amount ofRs.171 crore, which was recommended by an NGT-appointed committee, as a means of creating deterrence.

• In November last year, the green panel had directed Volkswagen to deposit a sum of Rs.100 crore as interim compensation. Coming down heavily on the company for not complying with the order, the NGT, in January, had directed Volkswagen to deposit the sum within one day.

BANKS AND ECONOMICS:

United Bank, HDFC Life sign bancassurance deal

• United Bank of India, one of India’s premier Nationalized Banks signed a Bancassurance deal with HDFC Life Insurance Company. United Bank has a strong presence in rural and semi-urban areas with over 2,000 branches and offices while HDFC Life is India’s largest non-bank promoted private life insurer.

• Through this partnership, United Bank of India’s customers will be able to take advantage of HDFC Life’s expertise in Life Insurance products, distribution and customer service.

• The partnership promises to improve the overall business of both organizations.

• For the Bank’s customers, the choice of Life Insurance products will be a valuable addition.

• It will increase customer satisfaction and eventually lead to customer delight.

POLICY:

Cabinet approved for new hydroelectric policy

• The Union Cabinet approved a new hydroelectric policy aimed at boosting the sector, including according large hydro projects the status of renewable energy projects.

• According to the new policy, large hydro projects will also be designated as renewable energy projects. So far, only smaller projects of less than 25 MW in capacity were categorized as renewable energy. With the removal of this distinction, large hydro projects will be included as a separate category under the non-solar renewable purchase obligation policy.

• Under this policy, power purchasers will have to source a portion of electricity from large hydro projects. The new policy will increase the debt repayment period for hydro projects to 18 years from the current 12 years with the provision to introduce an escalating tariff of 2%.

SPORTS:

Cabinet approved for the Centre for Disability Sports at Gwalior

• The Union Cabinet has approved the proposal for setting up of a Centre for Disability Sports at Gwalior in Madhya Pradesh. The Centre for Disability Sports, Gwalior will be set up at an estimated cost of Rs 170.99 crore, spread over a period of 5 years. The Centre of Disability Sports would be registered under the Societies Registration Act, 1860.

• The centre would create an improved sports infrastructure to ensure effective participation of persons with disabilities in sports activities and also enable them to compete at national and international levels. It would aid in developing a sense of belonging in Divyangjan to facilitate their integration in society. A governing body consisting of not exceeding 12 members would be set up for overall superintendence and supervision of the Centre with representation for experts from National Level Sports Federations apart from experts in para games.

Tamil Nadu's 16-year-old, P Iniyan, becomes India's 61st chess Grandmaster

• Iniyan Panneerselvam defeated Ukraine's 37-year-old Grandmaster Sergey Fedorchuk in Noisiel Open chess tournament in France to become India's 61st Grandmaster.

• Viswanathan Anand is India’s first Chess Grandmaster and he achieved the norm way back in 1987. He is also a five-time World Chess champion.

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Important Current Affairs of 8 March

NATIONAL:

PM STIAC identified 9 national missions for India’s sustainable development

•  The Prime Minister's Science, Technology and Innovation Council (PM-STIAC) have identified nine national missions to address major scientific challenges to ensure India's sustainable development. Through the nine missions, the PM STIAC aims to facilitate collaboration to solve complex problems.

The identified Nine Missions are:

♦ Natural language Translation

♦ Quantum Frontier

♦ Artificial Intelligence

♦ National Biodiversity Mission

♦ Electric Vehicles

♦ BioScience for Human Health

♦ Waste to Wealth

♦ Deep Ocean Exploration

♦ Agnii

Defence Ministry announced that permanent commission for women in Indian Army

• The Defence Ministry announced that permanent commission will be granted for Women in all the 10 branches of Indian Army. The extension of Permanent Commission to Women will provide women with a career in the Army till their retirement. The Short Service Commission entails an opportunity to serve as a Commissioned Officer for 10/14 years. At the end of 10 yrs, 3 options will be provided, either elect for a Permanent Commission or opt out or have the option of 4 years extension.

• The Women Officers will now get a permanent commission in branches such as signals, engineers, army aviation, army air defence, electronics, and mechanical engineers, army service corps, army ordnance corps, and intelligence. The Defence Ministry had earlier approved permanent commission for women in all branches of Air Force including fighter pilots.

Delhi government launches app One Delhi to track bus, metro services

• A commute-planning app “ONE Delhi” was launched by Kailash Gahlot, Transport Minister of Delhi.

• The app offers facilities such as:

• Obtaining the estimated time of arrival for buses and metros.

• Tracking the real-time location of buses and metros.

• Providing information about their fares.

• Providing the best route and mode of travel between two places.

• List of tourist spots in Delhi.

MoEFCC amended rules to ban the import of solid plastic waste

• The Ministry of Environment, Forests and Climate Change (MoEFCC) has amended the Hazardous and other Wastes (Management and Trans boundary Movement) Rules, 2016 to completely ban the import of solid plastic waste.

• The amendment notified by the MoEFCC fixes a loophole which previously allowed the import of plastic waste into India for processing. The ban on the import of plastics is in lines with the principles of sustainable development. To ensure the ban doesn't adversely impact the ease of doing business, the amendment allows the reverse import of defective electrical and electronic assemblies and components manufactured in and exported from India, within a year of export.

• India is exploring various options to discourage the use of single-use plastics and also is emphasizing recycling of the plastic waste to reduce the burden on the environment thereby providing benefits.

OECD has reduced the world economic growth forecasts for 2019 to 3.3 percent

• The Organisation for Economic Co-operation and Development (OECD) has reduced the world economic growth forecasts for the year 2019.  OECD has cut its 2019 forecast for global economic growth to 3.3% for the current year, down from 3.5% it predicted earlier.

• The report notes that trade tensions and political uncertainty, including Brexit and erosion of business and consumer confidence are weighing on the world's economy thereby contributing to the slowdown. The 19-nation eurozone was particularly hard to hit, with predicted growth dropping from 1.8% to 1% which was contributed to policy uncertainty including those over Brexit.

Government to issue Rs 20 coins for the first time

• The Finance Ministry has announced the rollout of a new Rs. 20 coin shaped like a "dodecagon", a 12-edged polygon.

• The new coin will be heavier than all the existing coins at 8.54 grams.

• The obverse side of the coin will bear Lion Capital of Ashoka Pillar while the reverse will have the denominational value "20" with rupee symbol above.

• New series of Re 1, Rs 2, Rs 5 and Rs 10 denomination coins will also be minted.

• As per Coinage Act, 1906, the Government of India has the sole right to mint coins and the responsibility for coinage vests with the Government.

• Coins are minted at the four India Government Mints at Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and Noida (UP).

Odisha Government announces financial assistance for craftsmen

• Odisha Chief Minister Naveen Patnaik launched the scheme ‘Mukhyamantri Karigar Sahayata’ for financial assistance to craftsmen. The nodal department of the scheme is the Directorate of handicrafts.

• Craftsmen with 10 years of experience and having annual income below Rs.1 lakh are eligible to get assistance of Rs.800 per month.

• For craftsmen above 80 years of age would get Rs.1000 per month allowance for those has the same experience and annual income as above.

• Annual income certificate, residence proof, experience certificate and age proof are required to produce for availing the benefits of the scheme.

BANKS AND ECONOMY:

SBI and Hitachi Payment Services launched SBI PSPL to establish digital payments platform in India

• State Bank of India (SBI) and Hitachi Payment Services Pvt Ltd, a wholly-owned subsidiary of Hitachi Ltd, launched their merchant-acquiring joint venture, SBI Payment Services Pvt Ltd (SBIPSPL), for establishing a digital payments platform for India and other countries in the region, in Mumbai.

•  It will facilitate the expansion of the digital payments landscape in India via its digital payments platform and offer innovative products to suit the requirements of all segments of merchants by leveraging the brand value and vast distribution network of SBI, and bring Artificial Intelligence and other technological capabilities of Hitachi to SBI Payment Services.

National Housing Bank proposes stricter regulations for Housing Finance Companies

• National Housing Bank (NHB),a mortgage sector regulator and a fully owned subsidiary of the Reserve Bank of India (RBI) has decided to impose stricter regulations on the Housing Finance Companies (HFCs) to prevent them from falling prey to liquidity and credit risks.

• Following proposals have been put forward:

• Increasing the capital adequacy ratio (CAR)of these companies from 12%to 15%, in a phased manner by 31st March 2022. This will be accomplished by increasing the minimum CAR to 13% by 31st March 2020, 14 % by 31st March 2021 and 15 % by 2022.

• Bringing down the public borrowings to 12 times of the Net Owned Fund (NOF) from the existing 16 times, by March 2022.

•  Implementing graded reduction in the limit on the overall borrowings of Housing Finance Companies (HFCs) from 16 times of Net Owned Fund (NOF) to 14 times of Net Owned Fund (NOF) by 31st March 2020, 13 times of Net Owned Fund (NOF)by 31st March 2021 and 12 times of Net Owned Fund (NOF)by 31st March 2022

World Bank to provide Rs 2,200 crores for a healthcare project to Andhra Pradesh.

• The World Bank decided to provide a loan of Rs. 2200 crores ($328-million) to Andhra Pradesh for implementation of the AP Health Systems Strengthening Project (APHSSP).

• The loan agreement was signed between the Government of India, government of Andhra Pradesh and the World Bank

• The agreement was signed by Bandana Preyashi, director, Department of Economic Affairs, Ministry of Finance (GoI), Poonam Malakondaiah, Special Chief Secretary (Medical and Health, AP government) and Mohini Kak and Kari L Hurt, representatives of World Bank in India.

• The project aims to improve the quality of healthcare, availability and accessibility of primary health services to the majority population of the state.

• The quality of healthcare delivery will be enhanced through National Quality Assurance Standards (NQAS) certifications for Community Health Centres (CHCs) and Primary Health Centres (PHCs).

AWARDS AND HONOUR:

BIAC India won the Women on a Mission award

• Brandix India Apparel City (BIAC) India’s partner P. Doraswamy was conferred with ‘The Women on A Mission Award’. It was presented to him by philanthropist Sudha Narayana Murthy at the women’s summit organized under ‘he for she’ category in Bengaluru.

• The award was given to him for his contribution to the welfare of women workforce in Visakhapatnam by organizing free medical camps, cancer screening initiatives, distribution of free amenities.

DAY:

International Women's Day 2019

• International Women's Day is celebrated across the world on March 8.

• The United Nations began celebrating International Women's Day in the International Women's Year, 1975.

• Official UN Theme of International Women's Day 2019: Think Equal, Build Smart, Innovate for Change.

• National Women's Day of India was observed on 13 February, on the date of birth of India’s first women governor Sarojini Naidu.

INTERNATIONAL:

Singapore government to invest Rs 5,000 crore in Bharti Airtel

• Singapore's government’s investment arm GIC Pvt Ltd will subscribe to shares worth Rs.5,000 crore as part of Airtel's plans to raise Rs.25,000 crore through rights issue.

• Singapore's Singtel also committed to buying Rs.3,750 crore worth Airtel stock.

Kaja Kallas elected as the first female Prime Minister of Estonia

• Kaja Kallas is the leader of country’s Reform Party.

• The Reform party beat the current Prime Minister Jüri Ratas’ lead Centre party, gaining 4 new seats in the parliament.

• Estonia also elected their first female president Kersti Kaljulaid in 2016.

• Estonia is a small country in the Baltic states that has been very active in the block chain field.

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Important Current Affairs of 7th March

National :

Cabinet approves promulgation of Central Educational Institutions (Reservation in Teachers’ Cadre) Ordinance, 2019

• Union Cabinet approved the proposal for promulgation of the Central Educational Institutions (Reservation in Teachers’ Cadre) Ordinance, 2019. 

• The Ordinance will ensure that the Constitutional provisions of reservation for Scheduled Castes and Scheduled Tribes and the socially and educationally backward classes in the faculty recruitment will be protected.

• This will ensure that the process of recruitment of faculty is resumed and the vacancies are filled up.

• The decision will allow filling up of more than five thousand vacancies by direct recruitment in Teachers cadre. 

CCEA approves construction of a 3rd railway line between Narayangarh in West Bengal

• The Cabinet Committee on Economic Affairs approved the construction of a 3rd railway line between Narayangarh in West Bengal and Bhadrak in Odisha of 155 kilometres length. 

• The total estimated cost of this project is over Rs 1866 crore and will be completed by 2023-24. 

• This will also help in generating direct employment for about 37 lakh man-days.

Poorest of poor and uneducated women left behind in Integrated Child Development Scheme: Report

• As per a paper published in WHO bulletin recently, the poorest of the poor and uneducated women are not being covered under the Integrated Child Development Scheme (ICDS).

• The Integrated Child Development Scheme (ICDS) provides a package of services at anganwadi or child-care centres to young children and pregnant women and lactating mothers.

• These services include supplementary nutrition, referral services, immunisation, health check-up, pre-school non-formal education and health and nutrition education.

• The study also said that mothers without any schooling were the lowest beneficiaries.

PM-STIAC: Nine Science and Technology Missions and other Projects

• The Principal Scientific Adviser to the Government, Prof. K. Vijay Raghvan shared details of the nine national missions guided by the Prime Minister Science, Technology & Innovation Advisory Council (PM-STIAC).

• The PM-STIAC aims to facilitate the process of collaboration and focus needed to solve complex problems in a reasonable time-frame.

• The Union Government is catalysing collaborations across scientific ministries, research institutions and industry partners, through the PM-STIAC, to leverage cutting edge scientific research for societal benefit.

• 4 meetings of the PM-STIAC have been held since October 2018 and key national missions emerged from the discussions. Each mission is being led by a lead Ministry and will engage international and national institutional partners, young scientists and industry.

Prime Minister launches key development projects at Kalaburagi and Kancheepuram

• The Prime Minister Narendra Modi launched key development projects at Kalaburagi in Karnataka and Kancheepuram in Tamil Nadu.

• At Kalaburagi in Karnataka, the Prime Minister dedicated the ESIC Hospital and Medical College, Bengaluru to the nation.

• He also inaugurated the Super Specialty Block of KIMS in Hubali, the Income Tax Appellate Tribunal building in Bangalore and the Women’s Hostel for Students from North Eastern Region at Bangalore University.

• At Kancheepuram in Tamil Nadu, the Prime Minister launched various National Highway projects, including the foundation stone for the four laning of NH-45C from Vikravandi to Thanjavur and the six laning of Karaipettai – Walajapet section of NH-4.

• He dedicated the 5 MMTPA capacity Ennore LNG Terminal to the nation.

• The Prime Minister also unveiled the statue of Dr MG Ramachandran at Dr. MGR Janaki College of Arts & Science for Women, Chennai.

Uttar Pradesh gets highways projects worth over Rs 1 Lakh Crore

• Union Home Minister Rajnath Singh inaugurated National Highways projects worth Rs 1, 10, 154 crore in Lucknow in Uttar Pradesh.

• He inaugurated foundation stone for several works under Namami Gange programme worth over Rs 1969.57 crore.

• The National Highways include four-laning of Lucknow-Sultanpur section on NH-56, four-laning of Kursi Road–Ayodhya Road section of Lucknow ring road, four-laning of Ghaghra Bridge to Budhanpur section on NH-233, widening of Sonoli-Gorakhpur section on NH-29E, widening of Barabanki-Jarwal Road Junction on NH-28C, etc.

• The foundation stone for construction of Lucknow-Kanpur Expressway was also laid.

• Several projects under Namami Gange programme were launched including laying of sewerage network of 214.88 km in Prayagraj at a cost of Rs 260.86 crore, laying of sewerage network of 69 km including 2 STPs of 9MLD capacity in Garh Mukteshwar, etc.

Shri Vishwakarma Skill University, National Institute of Technical Teacher’s Training and Research sign MoU

• A Memorandum of Understating (MoU) between Shri Vishwakarma Skill University (SVSU) and National Institute of Technical Teacher’s Training and Research (NITTTR) was signed.

• The MoU will be in force for a period of three years. 

• The collaboration targets to ensure purposeful engagement of Faculty, Experts and Industry Partners for various academic activities.

• The collaboration seeks to support Vision and Mission of both Institutions related to Technical and Vocational Education, Training and Research.

Uttarakhand Chief Minister lays foundation stone for Doon-Mussoorie ropeway project

• Uttarakhand Chief Minister Trivendra Singh Rawat laid the foundation stone for the Dehradun-Mussoorie ropeway project.

• The 300-crore rupees ropeway project is expected to be completed in three years.

• It will be one of the world's longest ropeways, and will shorten the one-hour zigzag drive to just 15 minutes from Purkul village the base camp at Dehradun to Mussoorie.

• Poma, a French company which manufactures cable-driven projects, will provide the technical support to the ropeway which will be built on the PPP mode

Madhya Pradesh: Ancient tribal language Gondi to be taught in tribal districts

• In Madhya Pradesh, ancient tribal language Gondi will be taught in tribal districts.

• Madhya Pradesh Chief Minister Kamal Nath decided to include Gondi in the primary education curriculum of the state's tribal-dominated districts.

• The rapid decline in the number of people who speak that tongue is a matter of concern. Hence, the Chief Minister stressed on the need to save it.

Justice SA Bobde nominated as Executive Chairman of NALSA

• President Ram Nath Kovind nominated Justice SA Bobde of the Supreme Court as Executive Chairman of National Legal Services Authority (NALSA).

• The post is currently headed by Justice AK Sikri who retired on March 6, 2019.

• The National Legal Services Authority (NALSA) is a statutory body constituted under the Legal Services Authorities Act, 1987 to provide free Legal Services to the weaker sections of the society.

• NALSA fulfils the provisions under the Article 39A of the constitution which provides for free legal aid to the poor and weaker sections of the society.

International:

ISRO, French space agency CNES sign agreement on maritime security

• National space agency ISRO and its French counterpart CNES signed an agreement to set up a joint maritime surveillance system in the country.

• The two nations will explore putting up a constellation of low-Earth orbiting satellites that will identify and track movement of ships globally and in the Indian Ocean region where France has its Reunion Islands.

• They will initially share data from their present space systems and develop new algorithms to analyse them.

• The agreement comes a year after the two governments initiated broad collaboration plan during French President Emmanuel Macron’s visit in March 2018.

• The two agencies have put up two climate and ocean weather monitoring satellites Megha-Tropiques (of 2011) and SARAL-AltiKa (2013) that are considered as models.

Malaysia joins the International Criminal Court

• Malaysia ratified the Rome Statute making it the 124th State party to join the International Criminal Court (ICC).

• Even though Malaysia had helped to negotiate the Rome Statute, it has been long been reluctant to ratify it.

• The downing of flight MH17 and the Rohingya crisis have focused Malaysia’s attention on the ICC.

• After the election of Mahathir Mohamad as Prime Minister in May 2018, there has been a significant shift in the relationship between the Malaysian government and monarchy.

• The ratification has also stemmed from ambition to see Malaysia playing a more active role in ASEAN and the United Nations.

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Important Current Affairs 6th March 2019

NATIONAL:

TVS Motor Company won the Green Era Award for Sustainability

• TVS Motor Company won the International Sustainability award Green Era Award for Sustainability in Lisbon, Portugal. Tata Motors also won the Quality and Business Excellence Award in acknowledgment of its endeavor to create new benchmarks in product quality.

Rajnath to inaugurate an electronic surveillance project in Assam

• Home Minister Rajnath Singh is to inaugurate an electronic surveillance project in Dhubri district of Assam, a riverine and highly porous stretch along the Bangladesh border.

• The Home Ministry announced that the smart fencing will be operationalized in the 61 km riverine section of the international border in Dhubri district of Assam, where the Brahmaputra river enters into Bangladesh, in a bid to check illegal immigration and smuggling of arms, ammunition, drugs, and cattle.

Mukesh Ambani secured 13th place in the Forbes list of the ultra-wealthy

•  In the release of the latest Forbes list of the ultra-wealthy, Mukesh Ambani, chairman of Reliance Industries, secured 13th place.

• Jeff Bezos remains the world’s richest person with a wealth of $131 billion. Secondly, Bill Gates ranks second with wealth worth $96.5 billion and Warren Buffett in 3rd position.

Geological Survey of India sets up 22 GPS stations across country

• The Geological Survey of India (GSI) launched 22 permanent global positioning system (GPS) stations across India to identify seismically hazardous zones and encourage mapping activities.

• The 22 GPS-Geodetic (pertaining to Geodesy, the science of earth measurement) observatories are located in Kolkata, Thiruvananthapuram, Jaipur, Pune, Dehradun, Chennai, Jabalpur, Bhubaneswar, Patna, Raipur, Bhopal, Chandigarh, Gandhinagar Vishakhapatnam, Agartala, Itanagar, Mangan, Jammu, Lucknow, Nagpur, Shillong and Little Andaman.

• Another 13 GPS permanent stations will be operational by March 2020.

• The organization has launched a platform called "Bhuvisamvad" under the Ministry of Mines to facilitate interaction between geo-scientists and university and college students.

Azaadi ke Diwane Museum inaugurated at Red Fort

• Azaadi Ke Diwane’ museum is dedicated to the unsung heroes of the country’s freedom struggle.

• Built by the Archaeological Survey of India (ASI), the museum is the fifth in a series of recently inaugurated ones - the others being:

♦ the Subhash Chandra Bose and  Indian National Army (INA) museum,

♦ the Yaad-e-Jallian museum,

♦ the Museum on 1857 (on the country’s first war of Independence)

♦ the Drishyakala (a museum on Indian Art) — on the sacrifices of India’s freedom fighters.

Coal minister Goyal dedicates 1,000 MW NTPL power project to nation

• The 1,000-MW coal-fired thermal power project of NTPL (Neyveli Tamil Nadu Power Ltd) is a joint venture between NLCIL and TANGEDCO with an equity participation of 89:11.

• Piyush Goyal also dedicated 150-MW solar power projects of NLC India Ltd (NLCIL) in Tamil Nadu.

• Tamil Nadu is the sole beneficiary of the 150 MW renewable power plants of Virudhunagar and Ramanathapuram districts commissioned and dedicated to the nation.

RInfra wins Rs 648 crore contract from AAI to build new airport at Gujarat.

• Reliance Infrastructure (RInra) has bagged a Rs 648 crore contract from the Airport Authority of India (AAI) to build a new greenfield airport at Hirasar, in Rajkotdistrict of Gujarat.

• The new airport is being constructed near National Highway-8B connecting Ahmedabad and Rajkot, nearly 36 km from the existing Rajkot Airport.

• The government recently approved development of the airport at an estimated cost of 1,405 crore.

• The airport must be completed within 30 months from the date of issue of the contract.

Over 93% of rural Indians have toilet access: Govt Survey

• The National Annual Rural Sanitation Survey 2018-19, commissioned by the government has found that nearly 93% of rural India households have access to toilets and of these, 96.5% uses them.

• The survey also re-confirmed the Open Defecation Free (ODF) status of 90.7% villages.

• Since the launch of Swachh Bharat Mission (SBM) in October 2014, 50 crore people have stopped defecating in the open.

• Swachh Bharat Abhiyan aims to completely eliminate open defecation in the country by October 2, 2019.

Notun Disha Initiated By Tripura Government.

• The government of Tripura announced ‘Notun Disha’ (New Direction) for assessing the academic level of students in classes III-VIII and then improving their current level.

• It was launched by state Education Minister Ratan Lal Nath.

• Training will be provided by NGOs and educational institutions to 800 teachers.

World Bank to provide 250 Million dollar for NRETP to boost Rural incomes in India

•  The Agreement was signed by Mr. Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank India, in New Delhi.

• The main aim is to promote women-owned and women-led farm and non-farm enterprises across value chains; enable them to build businesses that help them access finance, markets and networks; and generate employment.

• The $250 million loan has a 5-year grace period, and a final maturity of 20 years.

• The National Rural Livelihoods Mission (NRLM) which is currently being implemented across 13 states, 162 districts and 575 blocks, has so far mobilised more than 8.8 million women from poor rural households into 7.5 lakh self-help groups (SHGs).

BANKS AND ECONOMICS:

RBI fined 7 banks for delayed SWIFT implementation

• The Reserve Bank of India (RBI) has imposed a penalty on 7 Banks for delayed implementation of SWIFT-related operational controls. It fined Rs.4 crore onKarnataka Bank, Rs.3 crore on City Union Bank, Rs.2 crore on DCB Bank and Rs.1 crore on Karur Vysya Bank Ltd., Rs. 4 crore on Indian Bank, Rs.3 crore on IOB and Rs.3 crore onUnited Bank of India for the same violations.

• SWIFT is the global messaging software used for transactions by financial entities. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

• RBI had directed banks on time-bound implementation and strengthening of SWIFT-related operational controls after the Rs.14, 000 crore fraud in Punjab National Bank.

POLICY:

Haryana Cabinet approved the 2019-20 excise policy

• The Haryana Cabinet approved the excise policy for 2019-20, with a revenue target of Rs.7,500 crore. The decision was taken at a meeting under the chairmanship of CM Manohar Lal Khattar.

• The Excise policy emphasizes the launch of Ease of Doing Business (EODB) initiatives involving Application and Grant of Licenses online through the Department's Portal www.haryanatax.gov.in. The Policy also enables liquor manufacturers to market Indian-made foreign liquor (IMFL) in Tetra Packs (biodegradable) of 180 ML, technically called Nips.

Maharashtra CM Fadnavis unveils states new 5-year industrial policy

• Maharashtra Chief Minister Devendra Fadnavis unveiled the state’s new 5-year industrial policy emphasising on high-technology and employment generating businesses.

• The policy which will be effective from 1st of April this year aims to attract investments worth 10 lakh crore rupees.

• The rate of conversion of Memorandums of Understanding (MoUs) into actual investments was far higher in Maharashtra than the national average.

• The national average of converting Memorandums of Understanding into actual investments, after a period of one year from the agreements being inked, could be pegged at 30-35 per cent

• Maharashtra's average is more than 45 per cent and Magnetic Maharashtra and Make in India in the industrial sector; it has been more than 70 per cent.

• Mr Fadnavis Maharashtra has always been a leader in the industry sector adding that in the last 4-4.5 years, the state has regained its numero uno position.

• Minister for Industries and Mining Subhash Desai said new Industrial Policy aims create nearly 40 lakh jobs by 2023-24.

APPOINTMENTS AND RE-ELCETIVES:

Vedanta has appointed Ajay Kapur as the CEO of its aluminium and power business

• Vedanta has appointed Ajay Kapur as the Chief Executive Officer of its aluminium and power business. He joins Vedanta from Ambuja Cements where he was the MD and CEO for its India business.

• Mr. Kapur brings with him an experience of 31 years across business verticals. He would drive key priorities for the aluminium business, which include a strong focus on volume and cost and improving efficiencies, among others.

Sheikh Ahmad re-elected as President of Olympic Council of Asia

• Sheikh Ahmad Al-Fahad Al-Sabah was officially re-elected for an eighth term as President of the Olympic Council of Asia (OCA).

• He won a new five-year term until 2024.

• Tsunekazu Takeda, President of the Japanese Olympic Committee, also retained his position as a vice-president.

INTERNATIONAL:

India to collaborate with 4 countries to increase 3 species of Asian rhinos

•  India is to collaborate with Bhutan, Nepal, Indonesia, and Malaysia to increase the population of three species of Asian rhinos, including the Greater one-horned rhinoceros found in the Indian sub-continent. The five rhino range nations signed a declaration ‘The New Delhi Declaration on Asian Rhinos 2019’ for the conservation and protection of the species at the recently held Second Asian Rhino Range Countries meeting in New Delhi, India.

• The declaration was signed to conserve and review the population of the Greater one-horned, Javan and Sumatran rhinos every four years to reassess the need for joint actions to secure their future.

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Important Current Affairs 5th March 2019

INTERNATIONAL:

Sampriti 2019, joint military exercise between India and Bangladesh, began on 3rd March

• Sampriti 2019, the eight edition of India Bangladesh joint military exercise began on 3rd March 2019. The joint exercise is aimed to increase mutual cooperation between the armies of India and Bangladesh.

Indian Railways celebrate Golden Jubilee of first Rajdhani Express

• The first Rajdhani Express of the Indian Railways network has completed 50 years on March 3, 2019.

• Kolkata’s Howrah Rajdhani Express was the first Rajdhani Express train and the very first fully air-conditioned train introduced by the Indian Railways.

• The Kolkata-New Delhi Rajdhani Express embarked on its maiden journey on March 3, 1969 from Howrah, making it the country's first fully-air conditioned, high-speed train that covered the 1,450 km stretch in 17 hours and 20 minutes.

PM launched 'One Nation One Card' for all modes of travel

• PM Narendra Modi launched the indigenously-developed National Common Mobility Card (NCMC) while inaugurating the first phase of the Ahmedabad metro train service in Ahmedabad.

• Dubbed as 'One Nation One Card' can be used to pay for travelling on any mode of transportation and can also be used to withdraw money and to shop across the country.

Home Minister Rajnath Singh inaugurates BOLD-QIT project in Assam

•  Home Minister Rajnath Singh inaugurated the project BOLD-QIT (Border Electronically Dominated QRT Interception Technique) on India-Bangladesh border in Dhubri District of Assam

• Border Security Force, BSF is responsible for the safeguarding of over four thousand kilometres long International Border with Bangladesh.

• At various places, it is not possible to erect Border Fence due to the geographical barriers.

• The 61 kilometres of the Border area in Dhubri District, where River Brahmaputra enters into Bangladesh is consisting of vast char lands and innumerable river channels thus making border guarding in this area, a daunting task especially during rainy season.

• To overcome this problem, in the year 2017, the Ministry of Home Affairs decided to go for a technological solution besides the physical presence of manpower of BSF.

Sanjeev Ranjan to be designated as Secretary at MoRTH

• As a part of a top-level bureaucratic reshuffle affected by the central government according to a Personnel Ministry order, Senior IAS officer Sanjeev Ranjan has been designated as secretary of Ministry of Road Transport and Highways (MoRTH).

• Nagendra Nath Sinha, who is a managing director in National Highways and Infrastructure Development Corporation will replace Sanjeev Ranjan as the new NHAI chief.

Global Consumer Confidence Survey topped by India

• India ranked first in the Confidence Board Global Consumer Confidence Survey which was conducted in collaboration with a global performance management company Nielsen Holdings.

• India maintained its 1st position from 3rd quarter and in the 4th quarter of 2018 India’s Consumer Confidence Index (CCI) score is 133.

• South Korea has the most pessimistic consumer who are worried about rising inflation, lower wage growth, unemployment, a weak stock market and global trade uncertainties in the world.

• CCI Confidence Board measured optimism towards job prospects, the health of personal finances and spending intentions in the next 12 months for the survey.

President gave assent to Ordinance for voluntary use of Aadhaar as ID proof for bank account and SIM

• President Ram Nath Kovind has given his approval for an Ordinance which allows voluntary use of Aadhaar as ID proof for opening bank accounts and obtaining mobile SIM.

• Rajya Sabha could not approve the Bill even though Lok Sabha has given its assent. In such a situation an ordinance is necessary as per the law.

• The cabinet has approved it with effect to an Ordinance to give changes proposed in Aadhaar and two other legislation.

• The amendment includes stiff penalties for violation of norms which are set for the use of Aadhaar and violation of privacy.

• The amendment also stated that anyone not offering Aadhaar cannot be denied any service.

Abhinandan Varthaman is to be awarded the first Bhagwan Mahavir Ahimsa Puraskar

• Indian Air Force Wing Commander Abhinandan Varthaman has been chosen for the first Bhagwan Mahavir Ahimsa Puraskar constituted by the Akhil Bharatiya Digambar Jain Mahasamiti. The award carries a cash prize of Rs.2.51 lakh, a memento, and a citation.

• It will be presented to Abhinandan Varthaman onApril 17 the Mahavir Jayanti.

• Abhinandan Varthaman, a wing-commander in the Indian Air Force shot into limelight in the ongoing bilateral tensions between Indian and Pakistan aftermath of the Pulwama terror attack. In the dogfight that followed,  he crossed into Pakistan territory wherein he was struck by missiles. He was captured by the Pakistan Military and was later handed over to India as a peace gesture.’

Prayagraj Kumbh Mela 2019 has made into Guinness World Records

• The Prayagraj Kumbh Mela 2019 has made into Guinness World Records in the following three sectors:

(i) Largest traffic and crowd management plan

(ii) Biggest painting exercise of public sites under paint my city scheme

(iii) Biggest sanitation and waste disposal mechanism

ISRO launches 'Yuva Vigyani Karyakram' for school children.

• Indian Space Research Organisation launched “Yuva VIgyani Karyakram”, a “Young Scientist Programme” for the School Children to be studying in the ninth standard.

• ISRO Scientists will impart basic knowledge on Space Technology, Space Science and Space Applications to the young ones with the intent of arousing their interest in the emerging areas of Space activities.

•  “Catch them young” residential training programme will be of around two weeks duration during summer holidays with a proposal to select 3 students from each State and Union Territory, covering CBSE, ICSE and State syllabus.

• Government asked scientific institutions in the country to mentor young minds in the area of basic science.

• It has launched the YUVA programme.

Centre banned Jamaat e lslami of Jammu and Kashmir for 5 years

• The Ministry of Home Affairs has banned the Jamaat-e-lslami of Jammu and Kashmir for a period of 5 years under the Unlawful Activities (Prevention) Act. The Organisation has been indulging in activities, which are prejudicial to internal security and public order and have the potential of disrupting the unity and integrity of the Country. The decision of banning the outfit was taken to avoid escalation of the secessionist movement in J&K.

SPORTS:

Punia won a gold medal in International wrestling tournament in Bulgaria

• India’s star wrestler Bajrang Punia won a gold medal in the 65kg freestyle final at the Dan Kolov-Nikola Petrov International wrestling tournament in Ruse, Bulgaria. Bajrang Punia defeated Jordan Olivier of USA. In the last six international tournaments, this is his 5th win.

• He was ranked the world No.1 wrestler in 65kg category by United World Wrestling (UWW) in November 2018.

• After the win, Bajrang dedicated his gold to Wing Commander Abhinandan Varthaman.

Cricket to be included in 2022 Asian Games

• Cricket is included in the sports programme for the 2022 Asian Games to be held in Hangzhou, China.

• The decision was reportedly taken at the Olympic Council of Asia's (OCA) General Assembly.

• Cricket was omitted from the 2018 Asian Games in Indonesia after featuring in 2010 and 2014.

• In India’s absence, Sri Lanka - among men - and Pakistan — among women - had clinched the gold in 2014. In 2010, Bangladesh clinched the men’s title, and Pakistan the women’s title.

Roger Federer wins his 100th career title in Dubai

• Roger Federer is the second man to achieve the feat after America’s Jimmy Connors who ended his career with 109 titles.

• Twenty-time Grand Slam champion Roger Federer defeated Stefanos Tsitsipas in the final of the Dubai Tennis Championships to win his 100th career singles' title.

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Important Current Affairs of 4 March

NATIONAL:

April 2019 to March 2020 declared as Construction Technology year

• Prime Minister Narendra Modi declared April 2019-March 2020 as Construction-Technology year at the Construction Technology India-2019 Expo-cum-conference in New Delhi.

• Construction-Technology year emphasizes the role of advanced technology to meet the increasing demand for housing in the country. The declaration of Construction year aims to gives the housing sector a new pace by using the latest technologies available in the world. India has even launched the Global Housing Technology Challenge to fast-track the construction of affordable housing and meet the target of constructing 1.2 crore houses by 2022.

Usha Thorat-led task force to ensure stability of external value of rupee

• The Reserve Bank of India constituted an eight-member task force on offshore rupee markets, headed by Usha Thorat former Deputy Governor, to look into issues related to the markets and recommend appropriate policy measures to ensure the stability of the external value of the rupee.

• The terms of reference of the task force include assessing the causes behind the development of the offshore rupee market; study the effects of the offshore markets on the rupee exchange rate and market liquidity in the domestic market; and recommend measures to address concerns, if any, that may arise out of offshore rupee trading.

Prime Minister Narendra Modi chairs National Security Council meet

• Prime Minister Narendra Modi chaired a meeting of the National Security Council on Sunday following heightened tensions with Pakistan

• He Official sources said the meeting was attended by Home Minister Rajnath Singh, Finance Minister Arun Jaitley, External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman.

• The NSA is tasked with advising the prime minister on matters of national security.

• It was set up by the Atal Bihari Vajpayee government in 1998, with Brajesh Mishra as the first National Security Advisor (NSA).

Sushma Swaraj addresses OIC Foreign Ministers plenary session in Dubai

• External Affairs Minister Sushma Swaraj addressed the plenary session of the foreign ministers’ meet of the Organization of Islamic Cooperation states in Abu Dhabi.

• She presented a picture of the secular fabric of India and began the speech by saying that she stands as a representative of land that has been for ages a fountain of knowledge, a beacon of peace, a source of faiths and traditions, and home to religions from the world.

Centre, ADB sign 926 million loan agreement to operationalize two lines of Mumbai Metro

• The Union Government on March 1, 2019 signed a 926 million dollar loan agreement to operationalize two of the Mumbai Metro Rail System.

• The move will ease the distress of millions of commuters each day and help provide a cleaner and less congested city. The loan agreement was signed by Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, on the behalf of the Indian Government and Kenichi Yokoyama, Country Director of ADB's India Resident Mission on behalf of ADB.

• The carriages procured under this project will feature high-level safety features and automation, including surveillance systems, door closing, and train obstacle detectors.

Govt approves Adani Powers Rs 14,000 crore Jharkhand SEZ project.

• The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export the entire power generated in the Unit to Bangladesh.

• It will be ready by the end of 2022.

• The company had sought approval for setting up the project over an area of 425 hectares.

• Two supercritical units of 800 MW each would be set up with an investment of Rs 14,000 crore, which would include setting up of a water pipeline and a power evacuation system.

PM Modi flagged off Tejas Express, fastest train between Chennai and Madurai.

• This train will be the fastest in the Chennai-Madurai corridor and is India’s first semi-high speed fully AC luxury train.

• PM Modi also laid the foundation stone for two other projects which will boost rail infrastructure in Tamil Nadu.

• PM laid the foundation stone for the restoration of rail connectivity between Rameswaram and Dhanushkodi. The 17.20 Km railway line project is worth Rs 208 crore.

• Prime Minister also laid the foundation stone for the construction of new bridge Pamban viaduct. This will be India's first ever vertical moving bridge. The cost of this project is Rs 250 crore.

India signed deal with Russian firm to produce 7.5 lakh AK-203 rifles

• For the AK-203 Assault Rifles, the deal was signed between the OFB (Ordnance Factories Board) and the Russian company Concern Kalashnikov.

• The AK-203 rifles, the latest derivative of the AK-47 rifles, will be produced at the Indian Ordnance Factory at Amethi's Korwa.

• The new 7.5 lakh rifles will replace the indigenous INSAS rifles in the Army, Air Force and Navy.

• AK-47, officially known as the Avtomat Kalashnikova, is the most basic model followed by AK 74, 56, 100 series and 200 series.

INTERNATIONAL:

NASA created a deep ocean conditions in lab to study origins of life.

• Scientists from NASA, the U.S. space agency, have reproduced deep ocean conditions in the lab to re-create a life that could have formed on the sea floor four billion years ago.

• The study focuses on how the building blocks of life form in hydrothermal vents on the ocean floor. It could offer clues to how life started on Earth. Hydrothermal vents are places on the seafloor where warm water from under the Earth’s crust mixes with near-freezing seawater. These vents form natural chimneys, which play host to all kinds of ocean life.

• The team at NASA’s Jet Propulsion Laboratory (JPL) in California made their own miniature sea floors by filling beakers with mixtures that mimic Earth’s primordial ocean.

APPOINTMENTS AND RE-APPOINTMENTS:

Macky Sall has been re-elected as the President of Senegal

• Macky Sall has been re-elected as the President of Senegal. He won the re-election with58.27% of votes cast. Under the election system of Senegal if a candidate wins more than 50% votes there would be no second round voting and he would be announced the winner.

Sports:

Shashank Shekhar claimed 10 km Nepals (COAS) Marathon and Run for Fun.

• Shashank Shekhar won the 10-kilometre race of Nepal’s Chief of Army Staff (COAS) Open Marathon and Run for Fun which was held in Nepal’s Capital- Kathmandu.

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Important Current Affairs of 3 March

National:

7th Guinness Book of World Record Created By DEPwD in Bharuch, Gujarat.

• A National Conference on “Deendayal Disabled Rehabilitation Scheme (DDRS) was inaugurated by the Union Minister of Social Justice & Empowerment Thaawarchand Gehlot. Mr. Gehlot stated that the “7th Guinness Book of World Record” has been created by the Department of Empowerment of Persons with Disabilities (DEPwD).

Doordarshan launches Rock the Night, a programme for rock music.

• Doordarshan today launched Rock the Night, a brand new programme for rock music. This programme will air at DD National from 5th of March. DD has envisioned Rock the Night as a platform for indie rock bands to showcase their talent.

• The show is dedicated to the soldiers who keep the nation safe. He also expressed his love for artists like Cliff Richards, The Bee Gees, and Smokie.

• The crept in the Indian indie rock bands. Director General of Doordarshan, Supriya Sahu said, DD is the heartbeat of the nation.

India’s Food grain output in 2018-19 maybe 281.37 MT: Second Advance Estimate.

• The second advance estimates for the production of most of the crops for the agricultural year 2018-19 been released by the Ministry of Agriculture, Cooperation and Farmers Welfare.

• Data on Production of Food Crops:

♦ Food grains  –  281.37 million tonnes.

♦ Rice – 115.60 million tonnes. (record)

♦ Nutri / Coarse Cereals – 42.64 million tonnes.

♦ Maize – 27.80 million tonnes.

♦ Pulses – 24.02 million tonnes.

♦ Tur – 3.68 million tonnes.

♦ Gram – 10.32 million tonnes.

Cabinet approves Rs 1,450 crore for share capital of RBI in NHB.

• The National Housing Bank (NHB) has been set up to operate as the principal agency to promote housing finance institutions in India.

• Up till now, the authorised capital of NHB stands at ₹2,000 crore of which ₹1,450 crore has been subscribed by RBl. Currently, the capital is fully subscribed by RBl.

IIT (BHU) scientist discovered tadpole-like jets on Sun

• Scientists led by IIT (BHU) researcher Abhishek Srivastava have discovered tadpole-shaped jets coming out of regions with intense magnetic fields on the Sun.

• Formally called pseudo-shocks, the "tadpoles" are made entirely of plasma, which accounts for an estimated 99% of the observable universe.

• It could help understand why corona (Sun's upper atmosphere) is over 200 times hotter than its surface.

Swine Flu cases has increased in Gujarat

• Swine Flu in Gujarat has become an epidemic as almost 100 new cases are reported from across the state per day. So far, 3000 cases and 99 deaths in two months has been reported.

• Since January 1st, 2164 people have fully recovered and have been discharged from hospitals while 853 people are under treatment for H1N1 influenza, which has already claimed 99 lives in this year since January 1st. On average, 80-100 cases and 2-3 deaths are being reported per day for the last two weeks.

Delhi Cabinet approved the reimbursement cost of fitting hydraulic lifts in CNG buses

• The Delhi Cabinet approved the reimbursement cost of fitting hydraulic lifts in 1,000 standard-floor Compressed Natural Gas (CNG) buses that are going to be procured. In a meeting chaired by Chief Minister Arvind Kejriwal, the Transport Department’s proposal was approved to provide efficient and environmental friendly modes of public transport to Delhiites.

• The hydraulic lifts are to be fitted in 1,000 standard-floor buses, enabling them to be used by differently abled people as directed by both Supreme Court and Delhi High Court. The government has made a commitment before the Supreme Court that it will bear the cost of installation of lifts in 1,000 standard-floor buses.

Cabinet approved the Ordinance for arbitration centre

• The Union Cabinet has approved the promulgation of an Ordinance for establishing the New Delhi International Arbitration Centre (NDIAC) in an effort to make India a hub of institutionalized arbitration. The establishment of institutionalized arbitration will be to the advantage of the public and public institutions in terms of quality of expertise and costs incurred.

• The NDIAC will be headed by a chairperson who will be appointed by the Centre in consultation with the Chief Justice of India. There will also be two full-time or part-time members. They will be eminent persons having substantial knowledge and experience in institutional arbitration.

• The NDIAC Bill, 2019, could not be taken up for consideration and passing by the Rajya Sabha in the recently concluded session. Therefore, the government, in view of the urgency to make India a hub of institutionalized arbitration and promote ‘ease of doing business’, has decided to promulgate an Ordinance: ‘The NDIAC, 2019’.

SPORTS:

Chris Gayle Becomes First Player To Smash 500 Sixes In International Cricket

• West Indies opener Chris Gayle become the first batsman ever to smash 500 or more sixes in international cricket. In the 4th ODI against England in Grenada, Gayle scored 162 runs.

• His innings contained a staggering 14 sixes and powered the Windiest to their highest-ever ODI score of 389.

Sanath Jayasuriya banned for 2 years after ICC anti-corruption probe

• The former Sri Lanka captain Sanath Jayasuriya has been banned for two years from all cricket-related activity by the ICC's anti-corruption unit.

• He was punished for refusing to co-operate with investigations concerning corruption in the country.

• Jayasuriya played 110 Tests, 445 one-day internationals and 31 Twenty20s for Sri Lanka and was also a former captain during his illustrious career between 1989-2011.

• He is also a former member of Sri Lanka's parliament and a former deputy minister

BOOKS:

Arun Jaitley to release book titled Mann Ki Baat - A Social Revolution on Radio in New Delhi

• A book titled, 'Mann Ki Baat - A Social Revolution on Radio' was released by Finance Minister Arun Jaitley in New Delhi.

• The book is a compendium encompassing 50 editions of the 'Mann Ki Baat' programme by Prime Minister Narendra Modi on All India Radio.

• The father of the nation Mahatma Gandhi used to communicate in very simple language with people and his Salt Satyagraha had an electrifying effect.

• Prime Minister Atal Bihari Vajpayee travelled, he used to carry a small transistor along to listen to Radio News.

APPOINTMENTS:

Ravneet Gill is appointed as MD and CEO of Yes Bank

• Ravneet Gill, Former India chief of Deutsche Bank, took charge as the Managing Director (MD) and chief executive officer of private sector lender Yes Bank. He will have a three-year term.

• Mr. Gill succeeds Rana Kapoor, the co-founder of the bank, whose term ended on January 31, 2019. Mr.Ajai Kumar, one of the board members, was appointed as the interim CEO after Mr. Kapoor’s term ended. Yes Bank decided to search for a new chief executive after the RBI declined to extend Mr. Kapoor’s tenure beyond January 31, 2019, though the board had endorsed a three-year extension.

Air Marshal Raghunath Nambiar takes over as Air Officer Commanding-in-Chief of Western Air Command

• Air Marshal Raghunath Nambiar, who played a prominent role in the Kargil Operations has taken over as the Air Officer Commanding-in-Chief of Western Air Command of the Indian Air Force.

• The Air Marshal is an alumnus of the National Defence Academy and was commissioned in the Flying Branch of the Air Force as a Fighter Pilot in June 1981.

• The Air Marshal reviewed a ceremonial Guard of Honour yesterday and outlined his vision for the Western Air Command. He exhorted all personnel to work with zeal and enthusiasm so as to enable Western Air Command to fulfil the objectives of the IAF and the nation at large.

• The Air Marshal is an Experimental Test Pilot and has flown about 42 types of aircraft.

INTERNATIONAL:

South Korea to help U.S. and North Korea reach a deal

• South Korea’s President Moon Jae-in announced that South Korea will work with the U.S. and North Korea to ensure they reach agreement on denuclearisation, a day after talks between the U.S. and North Korean leaders collapsed over sanctions.

• A second summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, in Vietnam, was cut short after they failed to reach a deal on the extent of sanctions relief North Korea would get in exchange for steps to give up its nuclear programme.

• South Korea’s President Moon Jae-in has been an active supporter of efforts to end confrontation on the Korean peninsula, meeting Mr. Kim three times last year and trying to facilitate his nuclear negotiations with the U.S.

OBITURIES:

Sitting Judge of Delhi HC Justice Valmiki J Mehta passed away

• Mehta, who was 59 years old, had assumed office as an Additional Judge of Delhi high court on April 15, 2009.

• Mehta got enrolled with the Bar Council of Delhi in 1982 and began his career in law by practising in the Delhi High Court, district courts and various tribunals in civil matters.

• He was appointed a Senior Advocate at the age of 42, on September 22, 2001.

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Important Current Affairs of 2 March

NATIONAL:

Union Bank of India reduced the MCLR by 10 basis points

• Union Bank of India, the State-run lender, said it had reduced the Marginal Cost of funds-based Lending Rate (MCLR) by 10 basis points across all tenors.

• The lender has reduced its one-year MCLR or the minimum lending rate, against which most of the consumer loans are benchmarked, to 8.60% from 8.70% earlier. The bank has set the new six-month MCLR at 8.50% and two-year at 8.70%.

RBI has formed a task force on the offshore rupee market

• The Reserve Bank of India (RBI) has formed a task force on the offshore rupee market. It will be headed by former Deputy Governor Usha Thorat and will recommend steps for ensuring the stability of the currency.

• The task force shall examine the issues relating to the offshore rupee markets in depth and recommend appropriate policy measures that also factor in the requirement of ensuring the stability of the external value of the rupee. The committee would submit its report by the end of June 2019.

• The task force will assess the causes behind the development of the offshore rupee market, and study the effects on the exchange rate and market liquidity in the domestic market. It would also recommend measures to address concerns arising out of offshore rupee trading.

Growth Rate in the Core Sector witnessed decline

• The data from the Ministry of Commerce and Industries reported that the growth rate eight core sectors which include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity witnessed a decline. The core sector which had witnessed a 6.2% growth in January 2018 witnessed a growth rate of 1.8% in January.

• The decline in the output of crude oil, refinery products, and electricity pulled down the growth of eight core sectors to 1.8%. Production of crude oil, refinery products, and electricity contracted 4.3%, 2.6%, and 0.4%, respectively. Coal and cement output slowed to 1.7% and 11% in January as against 3.8% and 19.6% in January 2018, respectively. Natural gas, fertilizers and steel output grew 6.2%, 10.5%, and 8.2 % respectively. The core sector growth would impact the Index of Industrial Production (IIP) as these segments account for about 41 percent of the total industry output.

Tata Steel has been recognised as one of World’s Most Ethical Companies

• Tata Steel has been recognised as one of World's Most Ethical Companies by the Ethisphere Institute for 2019. Ethisphere Institute is a global leader in defining and advancing the standards of ethical business practices. For the eighth time, Tata Steel has got the recognition in the 'Metals, Minerals and Mining' category. Tata Steel is one of the only two honourees in the 'Metals, Minerals and Mining' industry.

• 128 companies are recognized for exemplifying and advancing corporate citizenship, transparency and the standards of integrity in the year 2019. The honourees are from 21 countries and 50 industries.

• The companies are listed World's Most Ethical Companies based on 5 factors:

♦ Leadership and Reputation

♦ Ethics Compliance Programme

♦ Culture of Ethics

♦ Corporate Citizenship

♦ Responsibility Governance

DCB Bank launches Open Banking Platform for next generation banking solutions.

•  Creating a collaborative ecosystem with enterprises, fintech and app developers, and enhancing customer-service delivery, DCB Bank announced the launch of its Open Banking Platform.

• More than 20 start-ups, fintech, merchants, enterprises and developers are set to partner with DCB Bank for access to its Open Banking Platform APIs (Application programming interface) and collaborate on innovation and customer centric products.

Mainamati Maitree Exercise 2019 held between BSF and BGB.

• Border Security Force (BSF) and Border Guards Bangladesh (BGB) concluded a three-day Mainamati Maitree Exercise 2019 as a part of confidence-building measures between the two border guards. The exercise was held in Comilla district of Bangladesh.

• The objective of Mainamati Maitree Exercise 2019 was to plan and conduct anti-smuggling and anti-criminal activity related operations with an aim to achieve better joint operational efficiency and border management in the area. The exercise involved joint patrolling, anti-smuggling drills, and simulated raids on suspected places in both the countries and checking of goods and identity at international check posts.

PNB bank ranks highest in implementation of Reforms Agenda

• Punjab National Bank (PNB) secured top spot among all public sector banks in the implementation of ‘Reforms agenda’.

• PNB topped the list with a score of 78.4 out of 100 in the EASE-index which is followed by BoB (77.8), SBI (74.6), and Oriental Bank of Commerce (69).

• The EASE (Enhanced Access and Service Excellence) report shown significant enhancement in PSB performance on the back of Government’s 4 R's strategy- recognition, recovery, recapitalisation and reforms.

Cabinet approves setting up of 22nd AIIMS at Manethi, Haryana

• The new All India Institute of Medical Sciences (AIIMS) at Manethi, District Rewari, and Haryana will be established at a cost of Rs 1,299 crore.

• Like other AIIMS in the country, the AIIMS Rewari will also be set up under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).

• The new AIIMS will add 100 Undergraduate (MBBS) seats and 60 B.Sc (Nursing) seats.

IRCTC launched its own digital payment gateway 'IRCTC iPay'.

• With a view to promote Government’s Digital India initiative,  the Indian Railway Catering and Tourism Corporation(IRCTC) has launched its much awaited own payment aggregator system called "IRCTC iPay”.

• The new system will provide payment options like Credit Card, Debit card, Unified Payment Interface (UPI) and International card.

APPOINTMENTS AND RESIGNATIONAS:

Ajay Narayan Jha became Member of the 15th Finance Commission.

• Shri Ajay Narayan Jha joined the 15th Finance Commission as its Member in place of Shri Shaktikanta Das resigned as a Member of the Commission after being appointed as Governor of the Reserve Bank of India (RBI).

• A 1982 batch IAS officer of Manipur cadre, he was the Finance Secretary to the Government of India and served as Secretary to the 14th Finance Commission, headed by former RBI Governor, Shri Y.V. Reddy.

• The 15th Finance Commission was constituted by a Presidential Order in November 2017 under the Chairmanship of Shri N. K. Singh to decide the formula for devolution of revenue between Centre and States.

Naresh Goyal agreed to step down as Jet Airways chairman

• This comes weeks after reports suggested that the cash-strapped Jet airline has agreed to most of the conditions set by its second-largest shareholder Etihad for its revival.

• Etihad had agreed to invest in Jet Airways if Goyal stepped down from the board.

• Etihad Airways owns a 24% stake in Jet Airways

• Jet  airline had a gross debt of ₹8,411 crore as of September-end, including aircraft debt of ₹1,851 crore

AGREEMENTS:

RBI have signed a bilateral swap agreement with the Bank of Japan

• Reserve Bank of India (RBI) have signed a bilateral swap agreement with the Bank of Japan. The Swap agreement will provide India access to 75 billion US dollars against the 50 billion dollars under earlier BSA.

• The bilateral swap agreement will provide India to access the reserves if at any point of time when the need arises. The currency swap makes it easier to improve liquidity conditions. Currency swap agreements help when the economic crisis arises.

• The swap agreements also contribute towards stabilizing the country's balance of payments (BOP) position. The agreement aids in improving confidence in the Indian market.

POLICY:

India’s first policy to protect bank locker launched by IFFCO Tokio General Insurance.

•  IFFCO Tokio General Insurance launched ‘bank locker protector policy’, the first stand-alone bank locker cover offered by any insurance company with a plan to protect the contents of a bank locker such as jewellery, title documents, and other valuables.

• The policy offers a cover against various risks including fire, earthquake, burglary, and holdup, infidelity by a bank staff or any act of terrorism.

• Important documents kept in a locker can also be insured under the policy as an add-on cover.

• The policy can be sold both as a retail and a group policy for banks

SPORTS:

Deepak Singh Wins Gold At Makran Cup In Boxing

•  National Boxing champion Deepak Singh (49kg) is the only Indian boxer who won gold medal at Makran Cup in Boxing held at Chabahar, Iran.

The five others claimed silver medals in the Makran Cup in Chabahar, Iran P. Lalitha Prasad (52kg), Commonwealth Games silver-medallist Manish Kaushik (60kg), Duryodhan Singh Negi (69kg), Sanjeet (91kg) and Commonwealth Games silver-medallist Satish Kumar (+91kg) claimed silver medals.

INTERNATIONAL:

Russia, China blocked a US resolution on Venezuela in the UN

• Russia and China vetoed a US resolution at the United Nations Security Council (UNSC) on addressing the crisis in Venezuela.

• Russia's draft resolution -- which urged a settlement "through peaceful means" and insisted that all humanitarian aid be agreed by Maduro's government -- won only four votes: Russia, China, South Africa and Equatorial Guinea.

• Seven countries including the United States, European countries and Peru opposed the Russian measure and there were four abstentions.

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