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CURRENT AFFAIRS OF MARCH FIRST WEEK (1-7)


We bring you the complete and important daily current affairs  to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We prepare it based on our daily current affairs.Hope you like it.

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INTERNATIONAL AFFAIRS

Freedom in the world 2020 report: India ranked 83rd among least free democracies; Finland tops

European commission launches global coalition for biodiversity to raise public awareness

on the occasion of the World Wildlife Day on March 3, 2020, the European Commission has launched a new global coalition for biodiversity called ‘United for Biodiversity’ in Monaco.


QS World University Ranking 2020 by subject: IIT Bombay & IIT Delhi find place in top 50 for engineering institutes

Indian Institute of Technology (IIT), Bombay and IIT Delhi have made it to the top 50 institutes in the world for the category of  engineering and technology and ranked 44th and 47th respectively.


Massachusetts Institute of Technology (MIT) in Cambridge,US (Unites States) ranked at top position in the list of this category.

Luxembourg becomes the world’s 1st nation to make all public transport free from Feb 29

About Luxembourg:Capital– Luxembourg
Currency– Euro
Prime Minister– Xavier Bettel


China assumes presidency of UN Security Council for March 2020

China takes the presidency from Belgium & Dominican Republic will take over the Presidency from China on April, 2020.

US and Taliban seals historic agreement aimed at ending war in Afghanistan in Doha, Qatar;India addressed for the 1st time


ECONOMY & BUSINESS

UNCTAD estimated trade impact of Coronavirus epidemic: India’s trade impact at $348 million; EU tops


India is among the top 20 economies most affected by the slowdown of manufacturing in China due to Coronavirus (COVID-19) epidemic, which is disrupting world trade and could result in a 50 billion dollar decrease in global exports. The estimates are highest for European Union (EU) with an impact of USD 15.6 billion while India faced a trade impact of 348 million dollars

NMDC & i-TIC Foundation of IIT Hyderabad signed  pact to support Deep-Tech Start-Ups

National Mineral Development Corporation (NMDC) Limited &  i-TIC foundation the Technology Business Incubator (TBI) of IIT Hyderabad signed an agreement to support start-ups through a joint incubation program through  NMDC Innovation & Incubation Centre (NICE)  to promote the spirit of innovation and entrepreneurship in the country.

India ranked 3rd in trade-related illicit financial flow globally, China tops: GFI Report


by US-based think tank Global Financial Integrity (GFI)


OECD downgraded India’s GDP growth to 5.1% from 6.2% for 2020

its report titled “OECD Interim Economic Assessment Coronavirus: The world economy at risk” 

Fitch lowers India’s economic growth forecast for FY20 to 4.9% from 5.1 %

About Fitch:Founder– John Knowles Fitch
President and CEO– Paul Taylor
Head quarters – New York,United States (US)

Indian Council of Agricultural Research (ICAR) signs MoU with Patanjali Bio Research Institute (PBRI) for farm research, training, education

Narendra Singh Tomar inaugurates  Krishi Vigyan Mela 2020 in New Delhi 



ACQUISITIONS & MERGERS

NBCC gets NCLT approval to acquire Jaypee Infratech

The National Company Law Tribunal (NCLT) has approved the acquisition of debt-ridden Jaypee Infratech Ltd (JIL) by NBCC (India) Limited (formerly National Buildings Construction Corporation Limited). The Principal Bench headed by Acting President B S V Prakash Kumar approved the resolution plan submitted by NBCC.


Zomato acquires UberEats India for $206 million


About Zomato:
Headquarters– Gurugram, Haryana
CEO– Deepinder Goyal
About Uber:Headquarters– San Francisco, U.S.
CEO– Dara Khosrowshahi


BANKING & FINANCE

Centre imposed moratorium on Yes Bank; withdrawals restricted to Rs 50,000/- till April 3, 2020; Prashant Kumar named as its administrator



EPFO cuts interest rate to 8.5% for 2019-20 from 8.65%; restored pension commutation under EPS


ICICI Prudential Asset Management Company inks pact with Saraswat co-op bank to tap rural market


About Saraswat Co-operative Bank:Headquarters– Mumbai,Maharashtra
Chairman– Gautam Thakur
About ICICI Prudential AMC:Headquarters– Mumbai,Maharashtra
Managing Director and CEO– Nimesh Shah


NABARD infused Rs 1.46 lakh crore in rural banking during FY20

SBI switched to Cash Budget Based Assessment (CBBA) method of assessment for corporates

from “Projected Balance Sheet (PBS)”

SBI has also started Risk Intel, an email service, advising the business units of rating actions in respect of units it has funded

RBL Bank ties-up with Zomato to launch co-branded credit card powered by Mastercard

About Zomato:Headquarters– Gurugram, Haryana
CEO– Deepinder Goyal
About RBL Bank:Headquarters– Mumbai, Maharashtra
MD & CEO– Mr Vishwavir Ahuja
Tagline– Apno ka Bank
About Mastercard:Headquarters– New York,U.S.
President & CEO– Michael Miebach (effective from March 1, 2020)


IIT Mandi, EWOK Society sign tripartite deal with NABARD for setting up 3 FPOs(Farmer Producer Organisation) in Himachal Pradesh

About Himachal Pradesh:Capital– Shimla
Governor– Bandaru Dattatreya
Chief minister– Jai Ram Thakur
About National Bank For Agriculture And Rural Development (NABARD):Formation– July 12, 1982
Headquarters– Mumbai, Maharashtra
Chairman– Dr. Harsh Kumar Bhanwala


Paytm Insurance Broking secures brokerage licence from IRDAI

Indian digital payments platform Paytm’s subsidiary, Paytm Insurance Broking, has received the brokerage licence from the Insurance Regulatory and Authority of India (IRDAI).

About Paytm:Parent organization– One97 Communications
Headquarters– Noida, Uttar Pradesh
President– Amit Nayyar



SCIENCE & TECHNOLOGY



SEBI introduces mobile app ‘Sebi SCORES’ for investors to lodge grievances


AI-powered drone developed by IIT Madras team counters rogue drones


MoS Santosh Kumar Gangwar launched Humsafar mobile app for doorstep diesel delivery in New Delhi

About Ministry of Labour & Employment (MOL&E):
Headquarters- New Delhi.
Santosh Kumar Gangwar Constituency– Bareilly, Uttar Pradesh (UP)


Tourism minister (MoS), Shri Prahlad Singh Patel launched Multilingual version of “Incredible India” website & Mobile app in New Delhi

The website was earlier hosted in only 2 languages i.e. English & Hindi and now  it has been launched in 3 new languages i.e. Chinese, Arabic and Spanish.


AWARDS & RECOGNITIONS

TIME Magazine has named Indira Gandhi & Amrit Kaur  -“100 women of the year” Project

India’s  Freedom Fighter Amrit Kaur will be honored as ‘Women of the Year’ for 1947 Former prime minister Indira Gandhi for 1976.



PV Sindhu is TOISA Sportsperson of Year 2019, Rohit Sharma named cricketer of the year


President of India honoured 15 Artists with 61st Annual Lalit Kala Akademi Awards 2020 in New Delhi

Jadav Payeng environmental activist of Assam named as 128th Commonwealth Points of Light Award winner

Ireland Architects Yvonne Farrell & Shelley McNamara wins The Pritzker Architecture prize 2020

It is an annual award sponsored by Hyatt foundation is regarded as the profession’s highest award.

Assam Chief Minister Sarbananda Sonowal honoured with  Dr. Syama Prasad Mukherjee award for politics : Swarajya Awards 2020

at the 6th India Ideas Conclave at Tent City Narmada in Gujarat. 

70th Berlin film festival 2020 awards held in Berlin, Germany; “There Is No Evil” won Golden Bear Award for Best Film

The Opening film of the festival was ‘My Salinger Year’& the Closing film was ‘There Is No Evil’.


APPOINTMENTS & RESIGNATIONS    

SBI Life Insurance Company re-appoints Sanjeev Nautiyal as MD & CEO

Denys Shmygal becomes new PM of Ukraine, succeeds Oleksiy Honcharuk

About Ukraine:
President- Volodymyr Zelensky
Capital- Kyiv
Currency- Ukrainian hryvnia


Singapore’s Daren Tang elected as WIPO’s Director General

Singapore’s Daren Tang was elected as Director General of World Intellectual Property Organisation(WIPO).


WIPO
Director General– Francis Gurry
Headquarters– Geneva, Switzerland


Slovenia confirms anti-immigrant party leader Janez Jansa as new Prime Minister

About Slovenia:
President– Borut Pahor
Capital– Ljubljana
Currency- Euro


RBI Deputy Governor N.S. Vishwanathan resigned ahead of retirement


Tribal affairs ministry constitutes committee on CFR guidelines under FRA headed by NC Saxena


headed by Naresh Chandra Saxena, former member of the Planning Commission of India and of the National Advisory Council (NAC), to examine and recommend Community Forest Resources (CFR) Guidelines under the Forest Rights Act, 2006 (FRA).

Centre has named Ajay Bhushan Pandey as the new Finance Secretary of FinMin

He will succeed current Rajiv Kumar, who has retired in February 2020.


Secretaries of other departments of Finance Ministry:

  • Atanu Chakraborty, a 1985 batch IAS officer of Gujarat cadre, is present secretary, Department of Economic Affairs.
  • Tuhin Kant Pandey, a 1987 batch IAS officer of Odisha cadre, is secretary of the Department of Investment and Public Asset Management.
  • T V Somanathan, a 1987 batch IAS officer from Tamil Nadu cadre, is secretary, Department of Expenditure.
  • Debasish Panda is financial services secretary.

Sanjay Kumar Panda appointed as India’s Ambassador to Turkey


About Turkey:
President– Recep Tayyip Erdoğan
Capital– Ankara
Currency– Turkish lira


Sudhanshu Pandey appointed as new CMD of MMTC

MMTC (Metals & Minerals Trading Corporation)

Former Deputy Prime Minister Muhyiddin bin Haji Muhammad Yassin becomes Malaysia’s 8th Prime Minister


Pekka Lundmark appointed as CEO of Nokia

About Nokia:
Headquarters- Espoo, Finland.
Chairman- Risto Kalevi Siilasmaa.



NATIONAL AFFAIRS

New Delhi hosts India Smart Utility Week 2020 (ISUW)


Women’s ownership of bank accounts rose to 77% in 2017 under PMJDY: MSC Report

Pradhan Mantri Jan Dhan Yojana (PMJDY)

About PMJDY:
PMJDY, launched on August 28, 2014, by Prime Minister Narendra Modi, was aimed at providing universal access of banking facilities to the poor. These included opening bank accounts for the poor, giving them electronic means of payment (via RuPay cards).



Maharashtra Government renamed Aurangabad Airport as Chhatrapati Sambhaji Maharaj Airport

About Maharashtra:
Capital- Mumbai.
Governor- Bhagat Singh Koshyari.
National Parks (NP)- Chandoli NP, Gugamal NP, Nawegaon NP, Pench NP, Sanjay Gandhi NP, Tadoba NP.


3 day Namaste Orchha festival begins in Madhya Pradesh

About Madhya Pradesh:
Capital– Bhopal
Chief minister– kamal Nath
Governor– Lalji Tandon



Fourth Global Ayurveda Festival to be held at Kochi from May 16 -20, 2020

The theme of the event is Ayurveda Medical Tourism: Actualizing India’s credibility.

About Kerala:
Capital– Thiruvananthapuram
Chief Minister– Pinarayi Vijayan
Governor– Arif Mohammad Khan



International Conference on Nano Science and Technology 2020 (ICONSAT) was held in Kolkata, West Bengal



SC allows trade in cryptocurrency by rejecting RBI 2018 circular

The decision in this regard has been taken by the three-judge Bench of headed by Justice Rohinton Fali Nariman

Overview of Cabinet approvals on March 4, 2020

Cabinet approves amended FDI policy on Civil Aviation
The Union Cabinet has approved an amended Foreign Direct Investment (FDI) policy on civil aviation which permits non-resident Indian (NRI) nationals to own 100% stakes of Air India.




Cabinet clears MoU between India and Côte d’lvoire on cooperation in the health sector


5th edition of India Pharma & India Medical Device 2020 Conference held at Gandhinagar, Gujarat

inaugurated by Shri Sadananda Gowda, Chemicals and Fertilizers (C&F) Minister & Shri Mansukh Mandviya, Minister of State (MoS of C&F) addressed the conference. 

Ministry of Home Affairs approved automated facial recognition system (AFRS) for identification of bodies, missing children, criminals

Ministry of Home Affairs (MHA) has approved the world’s largest automated facial recognition system (AFRS) by the National Crime Records Bureau (NCRB) for better identification of unrecognized bodies, missing children, persons and criminals without violating the privacy. 

Govt aims to replace all level crossings on NH with Over/under Bridges under the Setu Bharatam scheme

Setu Bharatam scheme: It was launched by Prime Minister (PM) Narendra Modi on March 4, 2016 to make all national highways free of railway crossings in order to prevent the frequent accidents and loss of lives at level crossings.


India & US signed Rs 1200 crore deal for missile protection suites for new Boeing-777 VVIP planes




Govt approves Indian airlines to provide in-flight wi-fi services to its passengers; Vistara to be first in line


Rs 33 cr for Kaziranga under Project Tiger scheme; Rs 1.51 crore under CAMPA for FY2018-19 & FY19-20

 A financial assistance of Rs 1.51 crore has been sanctioned to Kaziranga National Park in Kanchanjuri, Assam during the financial years 2018-19 and 2019-2020.




35th edition of the International food and hospitality fair ‘AAHAR 2020’ commences in New Delhi
Pune to host 108th Indian Science Congress with the theme ”Science and Technology for Sustainable Development with Women Empowerment” in 2021

Dr Vijay Laxmi Saxena elected as general president of the Indian Science Congress, 2020-21


National Chambal Sanctuary in Madhya Pradesh received eco-sensitive zone tag


BEE introduces Deep freezer and Light commercial air conditioners under star rating programme

Bureau of Energy Efficiency (BEE),an agency of the Government of India, under the Ministry of Power, has launched star rating programme for Light Commercial Air Conditioners (LCAC) and Deep Freezers, in its 19th foundation day under the Energy Conservation Act, 2001 in New Delhi.


11th National Krishi Vigyan Kendra (KVK) conference 2020 held in New Delhi

the theme ‘Empowering Youth for Technology Led Farming’

Indian Air Force signed MoU with Savitribai Phule Pune University to establish a ‘Chair of Excellence’ named “Marshal of the Air Force Arjan Singh Chair of Excellence”

About Indian Air Force (IAF):
Headquarters- New Delhi.
Chief of the Air Staff (CAS)- Air Chief Marshal Rakesh Kumar Singh Bhadauria


PM Modi Visit to Uttar Pradesh on Feb 29, 2020

PM laid the foundation stone of Bundelkhand Expressway in Chitrakoot: Prime Minister Narendra Modi laid the foundation stone for the 296-km-long Bundelkhand Expressway in Uttar Pradesh’s Chitrakoot. The Uttar Pradesh government is constructing the Bundelkhand Expressway at a cost of Rs 15,000.

PM Modi addressed Samajik Adhikarita Shivir in Prayagraj.

Lok Sabha Speaker Om Birla launched ‘Suposhit Maa Abhiyan’ in Kota, Rajasthan

i.About Suposhit Maa Abhiyan:In the first phase of the campaign, 1,000 kits of 17 kg balanced diet each were provided to 1,000 pregnant women.
ii.Under this Abhiyan, 1,000 women would be given food items for 1 month. At the same time, the health of the child, including medical examination, blood tests, medicines, delivery would be covered.


About Rajasthan:
Capital- Jaipur.
Chief Minister (CM)- Ashok Gehlot.
Governor- Kalraj Mishra.


Mexican open held in Acapulco, Mexico from Feb 24-29


2020 Mexican Open Winners
CategoryWinnerRunner Up
Men’s SinglesRafael Nadal Parera (Spain)Taylor Harry Fritz (America)
Women’s SinglesHeather Miriam Watson (United Kingdom)Leylah Annie Fernandez (Canada)
Men’s DoublesŁukasz Kubot (Poland) & Marcelo Pinheiro Davi de Melo (Brazil)Juan Sebastian Cabal Valdes (Colombo) & Robert Charbel Farah Maksoud (Colombo)
Women’s DoublesDesirae Marie Krawczyk (America) & Giuliana Marion Olmos Dick (Mexico)Kateryna Volodymyrivna Bondarenko (Ukraine) & Sharon Fichman (Canada)


1st Khelo India University Games 2020 held in Bhubaneswar, Odisha;Panjab University (PB) topped the medal tally


RankStateGoldSilverBronzeMedal Tally
1Panjab University (PB)17181045
2Savitribai Phule Pune University, MS1711937
3Punjabi University, Patiala (PB)1261432

OBITUARY

Former Chairman & CEO of General Electric, Jack Welch passed away at 84

Former India hockey player & Padma Shri awardee Balbir Singh Kullar passed away at 77


Dronacharya awardee & athletics coach Joginder Singh Saini passed away at 90

SPORTS

Indian shuttlers Tasnim & Mansi wins historic bronze at Yonex Dutch Junior Intl 2020 held in Netherlands


Google cloud set to open second cloud region in India in 2021


Google Cloud, the company’s enterprise wing, has announced plans to open a second cloud region in India at Delhi by 2021, which has one cloud region in Mumbai and has been operational since 2017.

Badminton Asia Championships 2020 shifted to Manila from Wuhan

About Philippines:
President- Rodrigo Duterte
Currency– Philippine Peso
About Badminton world federation(BWF):
Established- London (1934)



Mumbai to host 2023 International Olympic Committee (IOC) session 


About IOC (International Olympic Committee):
Headquarters- Lausanne, Switzerland.
President- Thomas Bach.



ICC women’s T20I Rankings 2020: Shafali verma creates history by becoming world’s No.1 batsman at the age of 16

Indian Hockey men’s team ranked 4th for the 1st time, Belgium topped & Women’s team ranked 9th , Netherlands topped : FIH World Rankings 2020

About FIH
Headquarters- Lausanne, Switzerland
President- Dr Narinder Dhruv Batra


IMPORTANT DAYS

Janaushadhi Week being celebrated in India from March 1 to 7

the theme ‘Suvidha Se Sammaan’.

The “Pradhan Mantri Bhartiya Janaushadhi Pariyojana” initiated by the Department of Pharmaceuticals, Government Of India to provide quality medicines at an affordable price.



49th National Safety day is observed on March 4 2020


The Theme of National Safety day 2020 is “Enhance Health & Safety Performance by Use of Advanced Technology“.

World wildlife day celebrated on 3 March 2020

the theme “Sustaining all life on Earth”.

World Hearing Day was observed on March 3, 2020

Theme of WHD 2020: Hearing for life: Don’t let hearing loss limit you.

About WHO (World Health Organisation):
Headquarters- Geneva, Switzerland.
Director General- Tedros Adhanom Ghebreyesus.


Zero Discrimination Day 2020 celebrated on March 1

The theme for 2020 is “Zero Discrimination aganist Women & Girls”.

World Civil Defence Day was observed on March 1, 2020

Theme of the WCDD 2020: “Civil Defence and a first aider in every home”.


STATE NEWS

Gairsain will be the summer capital of Uttarakhand


About Uttarakhand:
Capital- Gairsain (summer capital), Dehradun (winter capital).
Governor- Baby Rani Maurya.
National Parks- Corbett NP, Gangotri NP, Govind Pashu Vihar NP, Nanda Devi NP, Rajaji NP, Valley of Flowers NP.



UP Govt to provide monthly grant of Rs 900 for adopting a stray cattle

“Nirashrit/Besahara Govansh Sahbhagita scheme (stray cattle scheme)”/‘Chief Minister Destitute Cow Participation Scheme’ was approved by the state Cabinet in its meeting chaired by CM Yogi Adityanath.

Total Outlay is Rs 109 Cr will be spent on this exercise annually. 




About Uttar Pradesh(UP):Capital– Lucknow
Governor– Anandiben Patel
National Parks(NP)- Dudhwa NP.
Wild Life Sanctuaries(WLS)– Bakhiara WLS, Hastinapur WLS, Katarniaghat WLS, Kishanpur WLS.

TN CM Edappadi Palaniswami launched Tamil Nadu Health System Reform Programme (TNHSRP)

Tripura Govt and AAI signed MoU for construction of 6 equipment hiring centers at Tripura

 in Manu Block, Dhalai district, Tripura.

About Tripura:
Capital- Agartala.
Chief Minister (CM)- Biplab Kumar Deb.
Governor- Ramesh Bais.

Senior IPS officer S N Shrivastava gets additional charge of Delhi Police Commissioner


Punjab prohibits online supply of food from FBOs not possessing hygiene rating

J&K: Historic city Chowk renamed as ‘Bharat mata chowk’

About Jammu and Kashmir (union territory):Capital– Srinagar (May–October) Jammu (Nov–April)
Lieutenant Governor- Girish Chandra Murmu


UP MLA Virendra Sirohi passes away at the age of 73