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National

NATIONAL

President Ramnath Kovind Released NIRF, ARIIA 2019 Rankings : IIT Madras ranked No.1

President Ramnath Kovind Published National Institutional Ranking Framework (NIRF) 2019and Atal Ranking of Institutions for Innovation Achievements (ARIIA) 2019 ranking for higher educational institutes in India at Vigyan Bhawan, New Delhi.

The rankings are as follows:

CategoryWinner
OverallIndian Institute of Technology Madras
UniversityIndian Institute of Science Bengaluru
EngineeringIndian Institute of Technology Madras
CollegeMiranda House, Delhi
ManagementIndian Institute of Management Bangalore
PharmacyJamia Hamdard, New Delhi
LawNational Law School of India University, Bengaluru
ArchitectureIndian Institute of Technology, Kharagpur
MedicalAll India Institute of Medical Sciences, New Delhi

i.The first NIRF ranks were released in 2016.
ii.This is the fourth edition of the NIRF rankings.
iii.The parameters for the ranking  were Teaching, Learning and Resources,Graduation Outcomes, Research and Professional Practices, Outreach and Inclusivity, and Perception.
About ARIIA rankings 2019:
♦ This is the first edition of ARIIA Ranking.
♦ IIT Madras was the best institute among top 10 government institutes.
♦ The parameters are based on Infrastructure and awareness, Budget and Funding support, ,Promotion and supporting Entrepreneurship, Awareness and Promotion of idea generation, Intellectual Property Generation, Learning methods, and Governance.

NGT forms a new body to examine alleged erosion of Yamuna floodplain in Sonipat

National Green Tribunal established a committee to examine the alleged erosion of Yamuna floodplain due to movement of heavy vehicles in Sonipat district in Haryana.

NGT Chairperson Justice Adarsh Kumar Goel constituted a three person body, comprised of director of the Mines and Geology Department,member secretary of the Haryana State Pollution Control Board and principal secretary of the Haryana Irrigation.

A Haryana resident, Krishnen Chander, filed a plea that allowing heavy vehicles in the embankments of the Yamuna river ruining the ecology in Sonipat district.
About NGT:
♦ Established: 2010
♦ Enacted by: Parliament of India
♦ composition Method : Environmental law Tribunal

International

INTERNATIONAL

17th MENA World Economic Forum held In Jordan

17thedition of World Economic Forum on the Middle East and North Africa (MENA) was held at Dead Sea,Jordan.Over 1000 representatives from more than 50 countries participated in the meeting.It is the 10th meeting in Jordan and 17th meeting in the MENA region.

More than100 start-ups from Arab region have participated in the ceremony and discussed with industry and government leaders about the future of their industries during the two-day event.

The event witnessed a lot of effective talks on projects to improving social as well as economic life of 400 million population of the MENA region.
About World Economic Forum:
♦ Headquarters :Cologny,Switzerland
♦ Chairman : Klaus Schwab

India, Sri Lanka agree to Strengthen Bond in Security and Defence Spheres

India and Sri Lanka have agreed to enhance collaboration in security and defence spheres in several fields, including regional securitycontrolling drug smuggling and human trafficking.

Defence Secretary of India Sanjay Mitra and  Sri Lankan President Maithripala Sirisena‘s meeting in Colomboresulted in this agreement.

Sirisena requested to expand the number of trainers from India and Defence Secretary agreed to look into the probability of intensifying training facilities.
About Sri Lanka :
♦ Capitals: Colombo, Sri JayawardenepuraKotte
♦ President: Maithripala Sirisena
♦ Currency: Sri Lankan rupee
♦ Prime minister: Ranil Wickremesinghe

London becomes first city to implement 24×7 pollution charge zone

London became the first city in the world to implement Ultra Low Emission Zone (ULEZ) for 24×7 hours a week, inside which vehicles will have to meet tough emissions standards.

This zone aims to reduce toxic air pollution and protect public health.

Motorists who drive into the zone in a vehicle that does not meet the new emission standard will have to pay a daily charge.
About UK
♦ Capital: London
♦ Currency: Pound Sterling
♦ PM: Theresa Mary May

Banking&Finance

BANKING & FINANCE

Reserve Bank of India gave some guidelines for banks to set up new currency chests

The Reserve Bank of India gave some guidelines for banks to set up new currency chests, including a minimum area of 1,500 square feet for strong room and should have a processing capacity of 6.6 lakh pieces of banknotes per day.
i. The guidelines are based upon the recommendations of the “Committee on Currency Movement” (CCM) chaired by DK Mohanty, which was constituted by RBI in 2016.
ii. In this guideline, those who situated in the hilly areas should have a processing capacity of 2.1 lakh pieces of banknotes per day.
iii. The new chests shall maintain Chest Balance Limit (CBL) of Rs 10 billion or Rs 1,000 crore.
About Reserve Bank of India
♦ GovernorShaktikanta Das
♦ HeadquartersMumbai
♦ SubsidiaryNational Housing Bank

To strengthen the Startups platform, BSE signed an agreement with HDFC Bank

Bombay Stock Exchange (BSE), Asia’s oldest exchange has signed an agreement with HDFC Bank to spread more awareness about the benefits of listing startups as well as to strengthen BSE startup platform.

i. On 22nd December 2018, BSE had launched the startup platform to encourage entrepreneurs to get listed and raise equity capital for their growth, expansion, and for trading in equities of small and medium enterprises (SMEs).
ii. HDFC Bank is India’s largest private sector bank with 43 million customers, 5,000 branches and 13,160 ATMs across 2,727 Indian towns and cities.
About Bombay Stock Exchange
♦ Founded9th July 1875
♦ Location:Mumbai, Maharashtra
♦ Chairman: S Ravi
About HDFC Bank
♦ CEOAditya Puri
♦ HeadquartersMumbai
♦ FoundedAugust 1994

India retains top spot with largest remittances globally, amounting to $79 in 2018: World Bank

According to World Bank’s Migration and Development Brief; with the Indian diaspora sending 79$ billion back to their home country, India retained its position as the world’s top recipient of remittances in 2018.

India was followed by remittances of:

  • China: 67$ billion
  • Mexico: 36$ billion
  • Philippines: 34$ billion

Centre meets Fiscal Deficit of 3.4% in 2018-2019

India has met the revised fiscal deficit target of 3.4% of gross domestic product in fiscal year 2018-2019. Target has been achieved by cuts in state spending and higher borrowings from small savings funds.

Centre has missed the tax collections target by over 1 trillion rupees which includes around 500 billion rupees shortfall in income tax receipts.

GST collections has touched Rs 1.06 lakh crore in March and the gross GST revenues has achieved the target of Rs 11.47 lakh crore.

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

PTC India Financial Services (PFS) an Infrastructure finance company has partnered with the US-India Clean Energy Finance (USICEF) 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.

PFS has sanctioned 3 distributed solar power projects with a total debt of Rs 242 crore.

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

Sports

SPORTS

Dream11 becomes India’s first billion-dollar gaming Startup

Dream11 has just become a Unicorn, that is a billion-dollar startup. Few exciting developments have made Dream11 to be the India’s first gaming startup to join the elite club of privately-held startups. The term “Unicorn”refers to the tech startups with the market valuation of $1 billion.

i. It has achieved this feat after getting the investment of $60 million from Steadview Capital of London and Hong Kong. While, Kalaari Capital, Multiples Alternate Asset Management and Think Investments had sold their existing equities in the company.
ii.  Headquartered at Mumbai, Dream 11 is founded by Bhavit Sheth & Harsh Jain in 2008. 

Spain’s Garbine Muguruza claimed Monterrey Open title

The 2019 Monterrey Open aka 2019 Abierto GNP Seguros was the 11th edition of Monterrey Open, held at Monterrey in Mexico. It was a women’s tennis tournament played on outdoor hard courts. The prize money of the tournament was $250,000.
i. Garbine Muguruza of Spain successfully claimed back-to-back Monterrey Open title on 7th April, 2019, as Victoria Azarenkasuccumbed to injury in the final, the score was 6-1 3-1 at that time.
ii. Asia Muhammad & Maria Sanchez of USA has claimed womens doubles title in Monterrey Open by defeating Monique Adamczakand Jessica Moore of Australia.

Dave Bautista retires from Wrestling

Dave Bautista has officially retired from wrestling aftermath of a defeat at the WWE’s (World Wrestling Entertainment) Wrestlemania event on 7th April, 2019.
i. The Guardians of the Galaxy star, Dave Bautista has focused on his film career in recent years, but returned to the WWE promotion.
ii. Dave will be seen reprising his role as Drax the Destroyer in “Avengers: Endgame“, which he will follow up with “Stuber”.
iii. Dave Bautista was born on 18th January 1969 in Virginia, USA

Miscellaneous

APPOINTMENTS

Vikramjit Sing Sahney, SUN Group Chairman, elected as the President of ICC India

Vikramjit Singh Sahney,Chairman of SUN Group,elected as the President of International Chamber of Commerce (ICC) – India.
On coming May ICC India going to conduct a Mega-Project in Paris. He will succeed Jawahar Vadivelu.
About ICC:

♦ Nickname : The world Business Organization
♦ Headquarters: Paris
♦ Motto : We make business work for everyone,everyday, everywhere.
♦ Formation: 1919
♦ Founded at : Atlantic City

Australian Olympian,Graham Reid  Appointed as Indian Men’s Hockey Team Chief Coach

Former Australia Coach, Graham Reid was appointed as the Chief Coach of Indian men’s hockey team. Reid’s occupancy as the coach of Indian men’s hockey team is till the end of 2020.He, 54, is succeeding Harendra Singh,former Indian Hockey player.
i. Reid’s tenure can be stretched till 2022 FIH World Cup depending upon his achievements.
ii. Reid’s first task will be India’s tour of Australia in May and then  FIH Men’s  Series Final in Bhubaneswar in June.
About Graham Reid:
i. Reid had a perfected playing career as defender and midfielder for the Australian national team and was part of the team at  1992 Barcelona Olympics.
ii. Likewise, Reid was the part of the Australian unit that won back-to-back Champions Trophy titles in 1984, 1985 and 1989, 1990.
iii. He was served as Australia’s Assistant coach in 2009.

SCIENCE & TECHNOLOGY

IIT Madras tied up with GE to set up India’s 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 TechnologiesLaboratory in the institution.And thereby IIT-M became the only academic institution with High-Pressure Cold Spray(HPCS) facility in India.
i. The High-Pressure Cold Spray machinery has been carried from Plasma Giken, Japan.
ii. GE India Technology Centre CEO Alok Nanda and IIT Madras Director BhaskarRamamurthi inaugurated the laboratory on 5th April 2019
iii. The project is sponsored by “Uchchatar Avishkar Yojana(UAY) Scheme” of GOI to boost collaboration between academia and private sector.
About GE:
♦ Founded:April 15,1892
♦ Headquarters: Boston,Massachusetts,United States
♦ Fields: Aviation, Healthcare, Power, renewable energy, digital industry, additive manufacturing, venture capital and finance, lighting, Oil and Gas.

Thought of the day.

“Never say no to an opportunity to grow and learn.”

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