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Current Affairs for 15 March, 16 March and 17 March 2019

INTERNATIONAL NEWS

BANKING AND ECONOMY

APPOINTMENTS

AWARDS

IMPORTANT DAYS

SPORTS

MISCELLANEOUS

CURRENT AFFAIRS VIDEO

 

NATIONAL NEWS

  1. The Department of Science and Technology (DST) will be commissioning a study to assess the climate risks faced by 12 Himalayan States.
    • According to Vulnerability Index’ of last year, eight key parameters were identified to generate scores.
    • Assam and Mizoram with a vulnerability score of 0.72 and 0.71 topped the vulnerability index.
    • The 12 states are Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Arunachal Pradesh, Sikkim, hilly districts of West Bengal, Himachal Pradesh, Uttarakhand and Jammu and Kashmir.
Area under forestYield Variability of food grainPopulation DensityFemale Literacy Rate
Infant Mortality RateBelow Poverty Line PopulationAverage man-days under MGNREGAArea under slope > 30%

 

 

 

  1. Erode Turmeric has finally received GI tag from the Geographical Indication Registry after a long and cumbersome process which lasted for about 8 years.
    • Erode is in Tamil Nadu.

 

  1. The government has warned Twitter activists of 7-year jail term and financial penalties if failed to act to remove content and accounts that are ‘objectionable and inflammatory’.
    • They would face action under Section 69A of the Information Technology Act.
    • Section 69A – Issue directions to block the content on online platforms in the interest of sovereignty and integrity of India, defence of India, friendly relations with foreign States.

 

  1. As per the statistics of the of the Inter-Parliamentary Union, following aspects have been highlighted about Women in Politics
    • The percentage of female elected Heads of State dropped from 7.2 per cent to 6.6 per cent from 2017 to 2018.
    • The percentage of female heads of Government dropped from 5.7 per cent to 5.2 per cent from 2017 to 2018.

 

  1. The 23 opposition parties have demanded random verification of at least 50% Electronic Voting Machines (EVM) using Voter Verifiable Paper Audit Trail (VVPAT) in every Assembly segment or constituency.
    • VVPAT is an independent verification printer machine which allows voters to verify if their vote has gone to the intended candidate.

 

  1. The Bannerghatta National Park’s Eco-Sensitive Zone (ESZ), which provides a regulated buffer zone around protected areas, will remain at 168.84 sqkm despite thousands of citizens objecting to the reduction of nearly 100 sqkm as compared to the original proposal.
    • The national park is located in Bengaluru, Karnataka.

 

  1. The United States Agency for International Development (USAID) and NITI Aayog organized the first workshop on development of the India Energy Modelling Forum (IEMF) in New Delhi.
    • IEMF has been contemplated as a pan-stakeholder platform for debating ideas, scenario-planning & discussing the India’s energy future.

 

  1. Microsoft India has partnered with The Ministry of Housing and Urban Affairs (MoHUA) to deploy Microsoft’s Project Sangam.
    • It is cloud-hosted, mobile-first community learning platform to train functionaries and officers across India on Swachh Bharat e-Learning Portal.

INTERNATIONAL NEWS

  1. The 9th round of the U.S.-India Strategic Security Dialogue was held in Washington DC, United States.
    • Views were exchanged on a wide range of global security and non-proliferation challenges.

 

  1. The first BRICS Sherpa meeting under the presidency of Brazil was held in Brazil’s Curitiba city.
    • The BRICS (Brazil, Russia, India, China and South Africa) has identified countering terrorism as one of its priority areas.

 

  1. Africa-India Joint Field Training Exercise (AFINDEX-19) between the Indian Army and 16 African nations will be conducted in Pune.

BANKING AND ECONOMY

  1. RBI has relaxed the norms for the ‘Trade Credit’
    • The trade credit limit for imports of capital and non-capital goods under the automatic route has been raised to $150 million.
    • Trade credits (TCs) refer to the credits extended by the overseas supplier, bank, financial institution and other permitted recognised lenders for maturity for imports of capital and non-capital goods permissible.
Trade Credits
Automatic RouteUpto $150 million or equivalentOil and gas refining & marketing, airline and shipping companies
Approval routeUpto $50 million or equivalent 

 

  1. The State Bank of India has launched ‘Doorstep Banking’ service for
    • Senior citizen customers over 70 years of age
    • Differently-abled customers
    • Infirm customers including visually impaired customers
    • The cost for availing these services would be Rs 100 for each financial transaction and Rs 60 for each non-financial transaction.
EligibleSenior Citizen over 70 years, Differently-abled, Visually Impaired
Not EligibleJoint Account Holders and Non-personal Account holders, Minors

 

 

  1. The Reserve Bank of India has categorized IDBI Bank as a Private Sector Bank with effect from January 21, 2019.
    • The decision has been taken after Life Insurance Corporation of India (LIC) is acquired 51 per cent of the total paid-up equity share capital of the bank.
    • The IDBI Bank was categorised in the sub-group ‘other public sector banks’ by the RBI in April 2005.

 

  1. Aviva Life Insurance announced the launch of ‘Wings’, a specially designed mentorship program to empower the female workforce.
    • The program is an initiative of the SHE division of the company, for mentoring all the women employees.

 

  1. The SBI, ICICI Bank and HDFC Bank continue to be in the Reserve Bank of India’s list of Domestic Systemically Important Banks (D-SIBs) for 2018.
    • D-SIBs are required to maintain higher capital as compared to other banks.
    • The additional Common Equity Tier 1 core capital requirement in case of the State Bank of India applicable from April 1 has been prescribed at 0.6% of Risk Weighted Assets (RWAs) while for the other two banks it is 0.4%.

 

  1. Bandhan Bank has got the approval from RBI for the proposed acquisition of Gruh Finance.
    • Gruh Finance Limited is a Housing Finance Company (HFC) recognized by the National Housing Bank (NHB).

 

  1. India’s largest bank State Bank of India (SBI) announced the launch of YONO Cash using which customers can withdraw money from ATMs without using a card.
    • ATMs enabled for this service will be termed YONO Cash Point.

 

 

APPOINTMENTS

  1. M.R. Kumar has been appointed as the Chairman of the Life Insurance Corporation (LIC) for a period of 5 years.

IMPORTANT DAYS

  1. The 2019 World Sleep Day was observed on March 15, 2019.
    • Theme for 2019 – ‘Healthy Sleep, Healthy Aging’.

  1. World Consumer Rights Day is celebrated every year on March 15.
    • It is a day marked to raise global awareness about consumer rights and needs.
    • Theme for 2019 – “Trusted Smart Products

AWARDS

  1. Padmanaban Gopalan, founder of No Food Waste, was named as the winner of the Commonwealth Youth Award for the Asian region.
    • He worked towards achieving the UN’s Sustainable Development Goal (SDG) of Zero Hunger with his innovative system of recovering excess food to distribute to those in need.

 

  1. Lydian Nadhaswaram, the 13-year-old child from Chennai, won ‘The World’s Best’ global talent contest for playing piano.
    • He took home $1 million in prize money.

 

  1. Delhi-based journalist and author Raghu Karnad was announced as one of eight recipients of Yale University’s 2019 Windham-Campbell Prize for his book “Farthest Field: An Indian Story of the Second World War”.

 

  1. An annual list of the most famous athletes on the planet 2019 ESPN World Fame 100 list has placed the Portuguese footballer Cristiano Ronaldo at the top spot.
    • The second position has been taken by basketball player LeBron James followed by FC Barcelona Captain Lionel Messi.
    • Virat Kohli is the only Indian athlete in the Top 10 at seventh position.
    • MS Dhoni is at 13th position.

 

  1. The BusinessLine Changemaker Of The Year award has been presented to Union Finance Minister Arun Jaitley, for successfully introducing the Goods and Services Tax (GST).

 

  1. Swati Shingade of Pune, has bagged the first prize of DD Mahila Kisan Award for 2018-19.
    • The Mahila Kisan Award is an effort to bring the stories of struggle and success of women farmers in front of the country.

 

  1. The renowned Kathak dancer Seema Mehta was conferred with ‘Nari Shakti Puraskar‘ by President Ram Nath Kovind for her contribution towards women empowerment.

SPORTS

  1. Argentina and Colombia are poised to co-host the 2020 Copa America.
    • The decision marks the first time in the modern Copa America era that the tournament will be split between two countries.
    • Copa America is the quadrennial international men’s football championship organized by South America’s football ruling body, CONMEBOL.

 

  1. The Special Olympics World Games 2019 began at Abu Dhabi, United Arab Emirates (UAE).

 

  1. The Board Of Control For Cricket In India (BCCI) announced the sports gaming platform Dream11 as the official partner for VIVO Indian Premier League (IPL) to boost the digital gaming.

MISCELLANEOUS

  1. The students of IIT- Kharagpur have developed an image processing application to address the problem of detecting fake Indian currency.
    • A user can upload a currency note image and the mobile app would verify its authenticity using 25 features extracted from the front and rear side of the currency note.

CURRENT AFFAIRS VIDEO

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