National

National

ABLF gave momentum to India-UAE ties

The Asian Business Leadership Forum (ABLF), a global leadership platform in partnership with the United Arab Emirates (UAE)‘s Federal Government has decided to give further momentum to India-UAE ties.

2019 has been declared as UAE’s Year of Tolerance by the UAE Government to underline the commitment to make compassion, inclusion and acceptance a part of everyday life.

ABLF has released a special edition magazine that spotlights India and the global influence of contemporary Indian business leadership in Asia, as a part of the endeavour to bring India and UAE closer.

The magazine announces the ABLF theme, ‘Inclusive Leadership in an Interconnected World: Driving Progress and Sustainability Through Tolerance’.

The ABLF Awards 2019 is scheduled for 2nd October 2019 as it marks the birth anniversary of India’s Mahatma Gandhi, an icon of peace, compassion and tolerance and it will have India as Guest Nation.

The ABLF will go on a prelude roadshow in India in association with Confederation of Indian Industry (CII) to announce the week-long initiatives to celebrate the India-UAE connect at the ABLF Awards Ceremony.

India and Saudi Arabia plan to revive the USD 44 bn West Coast refinery project in Maharashtra

In a meeting between Petroleum Minister Dharmendra Pradhan and his Saudi counterpart and the chairman of Saudi Aramco,Khalid A Al-Falih, in New Delhi, it was decided that India and Saudi Arabia will revive and expedite the implementation of USD 44 billion West Coast refinery project in Maharashtra, in which Saudi Aramco will be holding a considerable stake.

The ministers reviewed various Saudi investment proposals in the Indian oil and gas sector, including the urgent steps to be taken to expedite the implementation of the first joint venture West Coast Refinery and Petrochemical Project in Maharashtra, estimated to cost the USD 44 billion, which will be the largest greenfield refinery in the world.

India’s first LGBTQ Clinic and HIV treatment centre inaugurated by Humsafar Trust in Mumbai

The first HIV (Human Immunodeficiency Virus) treatment centre and holistic clinic for lesbian, gay, bisexual, transgender and queer (LGBTQ) by Humsafar trust in Mumbai, Maharashtra.

Japan announces an investment worth Rs. 22 lakh for Rabindra Bharati Museum, Kolkata

The Japanese government decided to provide Rs. 22 lakhs ($31,800) for the Rabindra Bharati Museum in Kolkata, West Bengal in order to establish deeper and stronger historical and cultural ties with India.

About West Bengal
♦ Capital- Kolkata
♦ Chief Minister- Mamata Banerjee
♦ Governor- Keshari Nath Tripathi
About Japan
♦ Currency- Japanese Yen
♦ Capital- Tokyo
♦ Prime Minister- Shinzo Abe

International

INTERNATIONAL

Overview of Vice President’s 2 Nation visit to Paraguay and Costa Rica

Vice President of India, M Venkaiah Naidu is on a 2 Nation visit to Paraguay and Costa Rica. He was accompanied by a high-level delegation including the Minister of State for Tourism K J Alphons, the Members of Parliament and Senior Officials.

  • Venkaiah Naidu attended India-Paraguay Business Forum
  • Venkaiah Naidu along with Vice President of Paraguay Hugo Velazquez unveiled a special commemorative postage stamp on Mahatma Gandhi and remembered his contributions on the occasion of the 150th birth anniversary of the Mahatma Gandhi.
  • President of Costa Rica and Vice President Venkaiah Naidu made a joint press statement. Vice President also conferred and honorary doctorate by the University of Peace founded by the United Nations for his contributions “to the Rule of Law, democracy and sustainable development in India”.

PM Modi and Sheik Hasina unveiled e-plaques for development projects in Bangladesh

Prime Minister Narendra Modi and along with the Bangladesh Prime Minister Sheikh Hasina, unveiled e-plaques for development projects in Bangladesh, through video conferencing.

i. The e-plaques are for the following projects:

  • Supply of buses and trucks
  • Inauguration of 36 community clinics
  • 11 water treatment plants
  • Extension of National Knowledge Network to Bangladesh

ii. The National Knowledge Network will connect scholars and research institutes in Bangladesh to India and the world.
iii. The buses and trucks will assist the efforts towards affordable public transportation and the water treatment plants will help supply clean water.

WHO released the Global Influenza Strategy 2019-2030

World Health Organization (WHO) released a Global Influenza Strategy for 2019-2030 aimed at protecting people in all countries from the threat of influenza, one of the world’s greatest public health challenges.

The aim of the strategy is to prevent seasonal influenza, control the spread of influenza from animals to humans, and prepare for the next influenza pandemic.

Every year across the globe, there are an estimated 1 billion cases, of which to 5 million are severe cases, resulting in 290000 to 650000 influenza-related respiratory deaths.

 WHO recommends annual influenza vaccination as the most effective way to prevent influenza, which is especially important for people at higher risk of serious influenza complications and for health care workers.

Banking&Finance

BANKING & FINANCE

Rise in Banks’ reliance on bulk deposits predicted by India Ratings and Research

India Ratings and Research (Ind-Ra) predicted that the dependence of Scheduled commercial banks on bulk deposits shall witness an increase if credit growth is higher than deposit growth.

Bank of Baroda becomes one of the first PSBs to launch creche/day-care facility for employees’ children

Bank of Baroda has become one of the first public sector banks to launch a crèche/child day-care facility for children of its employees.

The day-care facility has been launched at its Mumbai corporate office in Bandra Kurla Complex and is being mulled further on being implemented at the head office in Vadodara, Gujarat.

The bank will bear 60% of the cost incurred every month and rest 40% will be borne by the parents.

The bank has tied up with Klay Prep Schools and Daycare for launching this facility.

Sports

SPORTS

IAAF decided to uphold Russia ban over doping until further notice

The International Association of Athletics Federations (IAAF) had banned Russia in November 2015 because of evidence of state-sponsored doping and have decided to maintain it until samples and data from Moscow’s former anti-doping laboratory are made available.

It is the 10th time the IAAF has turned down Russia’s appeal for reinstatement, having requested the same assurances when it upheld the ban in December 2018.

Other sporting bodies such as the World Anti-Doping Agency (Wada) and the International Olympic Committee (IOC), have revoked their suspensions of Russia.
About Russia
♦ Capital – Moscow
♦ Currency – Russian Ruble
♦ President – Vladimir Putin

Upamanyu Dutta won Bronze medal in the Asian Open Laser Sailing Championship, Singapore

Young sailor from MumbaiUpamanyu Dutta won Bronze medal, which is India’s first ever medal in the Laser Standard race for men in the Asian Open Laser Sailing Championship held in Singapore.

He aggregated a total of 56 points to finish behind Thailand’s Keerati Bualong (28 points) and Hong Kong’s Nicholas Bezy (47 points) of Hong Kong.

He has recently won the Euromed Championship in Malta and is currently training in Europe under coach Trevor Millar.

Chennai’s Nethra Kumanan achieved 4th position in the Laser Radial event for women.

China’s Liu Hong broke 50 KM Race Walk World Record

China’s 2016 Olympic champion, Liu Hong, broke the world record in the 50 km race walk, finishing in 3 hours, 59 minutes and 15 seconds (3:59:15), at the Chinese Race Walk Grand Prix in Huangshan, to become the first woman to break the 4-hour barrier in the event.

She clipped more than five minutes from the previous record of 4:04:36 set by China’s Liang Rui at the IAAF World Race Walking Team Championships in Taicang in 2018.

She now holds the world record for both the 20 km and 50 km distances, having clocked 1:24:38 in La Coruna, Spain in 2015 for the 20 km distance.
About China
♦ Capital – Beijing
♦ Currency – Renminbi/Chinese Yuan
♦ President – Xi Jinping

Indian artistic gymnast, Dipa Karmakar honoured with barbie doll modelled after her

Ace gymnast Dipa Karmakar, hailing from Tripura had a Barbie doll modelled after her in the list of honours achieved which includes – Arjuna Award in 2015Rajiv Gandhi Khel Ratna Award in 2016Padma Shri award in 2017.

Barbie doll on the occasion of turning 60 released a new line of dolls to honour 20 female role models across 18 countries speaking 14 different languages

Miscellaneous

AWARDS & RECOGNITIONS

Ex-RBI Governor Raghuram Rajan received Yaswantrao Chavan National Award

Former Reserve Bank of India (RBI) Governor Raghuram Rajan, for his contribution towards economic development, was awarded the ‘Yashwantrao Chavan National Award 2018‘ on March 12, 2019, which was the 106th birth anniversary of late Yashwantrao Chavan, the first chief minister of Maharashtra.

The award is given annually to individuals or institutions for their outstanding contribution towards national integration.
About RBI

  • Governor – Shaktikanta Das
  • Headquarters – Mumbai

Commonwealth Director Prajapati Trivedi wins Harry Hatry Performance Management practice award in US

The Harry Hatry Award for Performance Management has been awarded to Prajapati Trivedi, the Commonwealth’s Director of Economic, Youth and Sustainable Development, by the American Society for Public Administration (ASPA) and the Center for Accountability and Performance (CAP). The award was presented by Richard Greene, Chair of the Center for Accountability and Performance at a ceremony in Washington, USA.

APPOINTMENTS & RESIGNS

Veterinary professor & scientist, Aditya Kumar Misra appointed as new ASRB chief

Aditya Kumar Misra, a veterinary scientist specializing in economically significant diseases of goat, has been appointed as the new chairman of the Agricultural Scientific Recruitment Board (ASRB).

The Appointments Committee of the Cabinet approved the his appointment and he will hold the new post till 5th January, 2022 from the date he takes the charge.

He is the former Vice Chancellor of the GB Pant University of Agriculture & Technology, India’s first full fledged agricultural university, inaugurated by Pandit Jawaharlal Nehru in 1960.

SCIENCE & TECHNOLOGY

Guided Pinaka successfully test fired by DRDO at Pokhran Ranges

Defence Research and Defence Organisation (DRDO) successfully test fired the Guided Pinaka weapons system from Pokhran ranges in Rajasthan.

The two rockets, which were tested using the guided Pinaka system, succeeded in hitting the 90-km mark signalling a boost in the efficiency, as the rockets had touched the 70-km mark in their last trials, held in May, 2018.

The weapon system is equipped with state-of-the-art guidance kit comprising of an advanced navigation and control system.

The Telemetry Systems tracked and monitored the vehicle all through the flight path.

The indigenously developed Guided Pinaka by DRDO will significantly boost the capability of the artillery to make precision hits.

NPPA reduced the prices of 390 Anti-Cancer Non-Scheduled medicines up to 87%

National Pharmaceutical Pricing Authority (NPPA) which is an independent regulator under the Ministry of Chemicals and Fertilizers, has reduced the prices of 390 non-scheduled cancer medicines which will result in annual saving of around Rs 800 crore for patients.
The revised prices has come into effect from 8th March 2019.
Manufactures and Hospitals have to revise the prices based on the trade margin formula.

Tutorial Video on IPR and GI Website launched by Suresh Prabhu in New Delhi

Suresh Prabhu, The Union Minister of Commerce and Industry launched GI (Geographical Indication) website and tutorial video on IPR (Intellectual property Rights) in New Delhi.

The tutorial video will form part of existing resource pool on www.cipam.gov.in , Official website of CIPAM (Cell for IPR Promotion and Management) and it will be available on the official YouTube channel of CIPAM.

“IP Nani” is India’s first Intellectual Property (IP) Mascot.

Discovery of new way of powering radio sources in universe by Indian scientists

For the first time ever, a team of Indian astronomers has discovered some sources in the universe that emit radio waves in a totally new mechanism, by using the Giant Metrewave Radio Telescope (GMRT) which is located at Khodad in Junnar, 80 kms away from Pune.

Thought of the Day

“Change your life today. Don’t gamble on the future, act now, without delay”

Quiz based on Daily Current Affairs 12 MARCH 2019

Best Entrance Test Preparation Institute