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Important Current Affairs of 4th April

INTERNATIONAL:

Cholera vaccinations launched in post-cyclone Mozambique.

• In Mozambique, a vaccination campaign launched after Cyclone Idai battered the nation and unleashed an outbreak of cholera.

• International relief agencies and the Health Ministry are aiming to immunise nearly 9,00,000 people against the water-borne intestinal disease, which has already killed two people and infected more than 1,400.

• The vaccinations will be administered at health centres, shelters for the displaced, and at schools and markets. Cyclone Idai smashed into the coast of central Mozambique last month, unleashing hurricane-force winds and rains that flooded the hinterland and drenched eastern Zimbabwe.

Brunei passed harsh new sharia laws.

• Brunei introduced harsh new sharia laws, including death by stoning for adultery and gay sex.

• The law was passed despite a storm of global criticism from politicians, celebrities and rights groups.

• The tough penal code in the country fully came into force following years of delays. The laws make Brunei the first place in East or Southeast Asia to have a sharia penal code at the national level, joining several mostly West Asian countries such as Saudi Arabia.

APPOINTMENTS AND RESIGNATIONS:

Chicago elected Lori a black woman as its Mayor.

• Chicago elected Ms.Lori Lightfoot, 56, a black woman as its Mayor. The voters have put their faith in an openly-gay political novice to tackle difficult problems of economic inequality and gun violence.

• Since 1837, Chicago voters have elected only one black Mayor and one woman Mayor. Ms. Lightfoot will become Chicago’s first openly gay Mayor as well as the first African-American woman to hold the post.

• Lori Lightfoot a former federal prosecutor and practicing lawyer beat out Toni Preckwinkle, a career politician who is also black, by a wide margin of 74% to 26% with most ballots counted. She has promised to clean up city government and reduce economic inequality.

Algeria's president Abdelaziz Bouteflika resigns after 20 years in power.

• Algeria‘s long-serving president Abdelaziz Bouteflika announced his resignation, after mass protests demanding an end to his rule, and after a call from the army for him to be declared unfit to hold office. Bouteflika came to the presidency after its darkest period, the 1990s Islamic insurgency.

• . After taking power in 1999, he managed to bring back stability to a country devastated by killings and distrust. Mr Bouteflika has not publicly spoken and has been wheelchair-bound since a stroke in 2013. Bouteflika is accused of failing to create an economy that could offer enough jobs, despite the nation's vast oil and gas wealth. Abdelkader Bensalah took charge as interim leader for a maximum of 90 days as elections are organised.

NATIONAL:

Two new birds spotted in Kerala Aralam sanctuary.

• The 19th edition of the bird survey in Aralam Wildlife Sanctuary spotted two new species of birds - Woolly-necked Stork (Karuvarakkuru) and White-bellied Drongo (Kakkarajan) - both dry land species. A total of 152 species were spotted in the three-day survey.

Tata Projects bagged USD321 mn worth project from NPCIL.

• Tata Projects has received an order from the Nuclear Power Corporation of India (NPCIL) for the construction of 2 x 700 MW power plant. The estimated cost is about $321 million.

• This is the firm’s third contract in the nuclear power sector.  This project will provide the much needed power supply to the region and ensure developmental initiatives receive an impetus. The scope of work involves the construction of main plant buildings, structures and other works of Gorakhpur Haryana Anu Vidyut Pariyojana - 1&2.

IFINs GNPAs touched 90 percent says IL&FS.

• IL&FS Financial Services Ltd. (IFIN), the non-banking finance arm of infrastructure conglomerate IL&FS, reported an increased gross non-performing asset (NPA) ratio of 90% as at end December 2018 against the gross NPAs of 5% in March 2018. The new management completed six months.

•  It is unusual for any lender to report 90% gross NPAs and it is probably for the first time, in recent times, that a lender had reported such delinquency. IFIN’s total exposure as on March 31, 2019 was Rs.18,805 crore, of which external exposure was Rs.10,656 crore and exposure to the group, Rs. 6,949 crore. About Rs.1,300 crore is categorised as other assets.

US approved to sell 24 'Romeo' Seahawk helicopters to India for USD 2.4 billion

• The US has approved the sale of 24 multi-role MH-60 'Romeo' Seahawk helicopters to India at an estimated cost of $2.6 billion. The Lockheed Martin-built helicopters are designed for hunting submarines, targeting ships, and conducting search-and-rescue operations at sea. It is considered the world's most advanced maritime helicopter.

• The helicopters are currently deployed with the US Navy. These helicopters would replenish India's aging fleet of British-made Sea King helicopters.

Indian Army builds longest suspension bridge 'Maitri on Indus in record 40 days

• Indian Army's Combat Engineers of 'Sahas aur Yogyata' Regiment of 'Fire and Fury Corps' have built the longest cable suspension bridge named 'Maitri’ over Indus river in Leh in a record 40 days. The 260-foot-long bridge is dedicated to Indians to commemorate 20th year of Kargil Vijay Diwas.

• The central government had emphasised on building an all-weather road connectivity in the region. An all-weather road was built from Manali to Ladakh via Zanskar in Kargil last year. Similarly, the work for the Zojila tunnel, which is Asia's longest, has also been started. These projects were part of the Rs 25,000 crore projects allocated by the Centre for the state of Jammu and Kashmir.

BANKS AND ECONOMICS:

RBI reduced repo rate for second consecutive time by 25 bps to 6 percent.

• The RBI cut its repo rate by 25 basis points to 6% in its first bi-monthly policy review of 2019-20. The decision comes a week before the election starts on April 11. The central bank had reduced the benchmark lending rate by 25 basis points in February after an 18-month gap.

• The reverse repo rate, too, was lowered from 6% to 5.75%. The bank rate was fixed at 6.25%. What is Repo rate? Repo rate refers to the rate at which commercial banks borrow money from the Reserve Bank of India (RBI) in case of shortage of funds.

• Repo rate is short form of Repurchase Rate. What is reverse repo rate? The reverse repo rate is the rate at which the central bank borrows money from commercial banks, to control the money supply in the country.

One97 Communications-owned Paytm Money Gets SEBI Approval for Stock Broking.

• One97 Communications-owned Paytm Money, the wealth management arm of Paytm got approval from the Securities and Exchange Board of India (SEBI) to start offering a stock broking service such as the ability to trade in equities and cash segments, derivatives, and exchange-traded funds (ETFs) among other exchange-traded products.

RBI sets limits for Ways and Means Advances.

• The Reserve Bank of India (RBI) in consultation with the government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs.75000 crore.  Ways and Means Advances (WMA)

♦ WMA is the temporary loan facility provided by the RBI to the Centre and State governments

♦ The WMA scheme was introduced in 1997 to meet any temporary mismatches in the receipts and payments of the government

♦ The WMA needs to be vacated after 90 days

♦ The interest rate for WMA is currently charged at the repo rate that is, 6.25%

♦ The limits for WMA are decided by the RBI and in consultation with the Government of India RBI's Policy rates and Reserve ratios:

 ♦ Bank Rate: 6.50%

♦ Repo Rate: 6.00%

♦ Reverse Repo Rate: 6.00%

♦ Cash Reserve Ratio: 4%

♦ Statutory Liquidity Ratio: 19.25%

DAYS:

UN observes International Day for Mine Awareness on 4th April.

• On 8 December 2005, the United Nations General Assembly (UNGA) declared that 4 April of each year shall be observed as the International Day for Mine Awareness and Assistance in Mine Action.

• The theme for 2019 is "United Nations Promotes SDGs – Safe Ground – Safe Home". United Nations Mine Action Service (UNMAS) has been working to:

♦ meet the needs of the affected people and tailored to the threat of explosive hazards faced by civilians, peacekeepers, and humanitarians

♦ save lives

♦ facilitate deployment of UN missions and the delivery of humanitarian assistance

♦ protect civilians

♦ support the voluntary return of the internally displaced and refugees

♦ enable humanitarian and recovery activities.  

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Important Current Affairs of 29th March

INTERNATIONAL:

Boeing unveils changes to MCAS, anti stall system.

Embattled aviation giant Boeing pledged to do all it can to prevent crashes like two that killed nearly 350 people in recent months, as it unveiled a fix to the flight software of its grounded 737 MAX aircraft.  Boeing gathered hundreds of pilots and reporters to unveil the changes to the Manoeuvring Characteristics Augmentation System (MCAS). Boeing unveiled the software changes at the company’s massive factory in Renton, Washington, and offered reassurances.

NATIONAL:

Vijayawada Railway Station awarded the Gold Rating for being Clean & Eco-Friendly.

• Vijayawada railway station, one of the busiest railway junctions in India, has received Gold Rating by the Indian Green Building Council (IGBC) for Green Measures. The IGBC-CII, with the support of the Environment Directorate of Indian Railways, developed the Green Railway Stations Rating System to facilitate adoption of green concepts, thereby reduce the adverse environmental impact due to station operation and maintenance and also enhance the overall commuter experience.

•  The Vijayawada station has installed 100 per cent LED lighting, the fans are five-star rated, and solar power is already being used for water heating systems.

Kolkata Dhaka ship to set sail for the first time ever.

• A regular river cruise will start between Kolkata, India and Dhaka, Bangladesh for the first time in the history of the two countries.

• The Indian ship, R V Bengal Ganga, will start its journey from a west Kolkata jetty. About 60 persons will be travelling

• The return journey will take nearly two weeks from Kolkata and the ship will pass through Sunderbans on both sides of the marine border.  Another ship will simultaneously start from Bangladesh, traverse the same route and reach Kolkata, taking approximately the same time. The border formalities will be completed at Sunderbans on the Indian side.

AWARDS:

Nobel Prize recipient Amartya Sen awarded with Oxford University's Bodley award.

• The 85-year-old winner of the Nobel Memorial Prize in Economic Sciences, was awarded with the prestigious Bodley Medal, the highest honour granted by the University of Oxford's world-famous Bodleian Libraries, for his contribution in literature, culture, science and communication.

Turing Award, the Nobel Prize of computing, won by 3 Pioneers in Artificial Intelligence.

• The 2018 Turing Award, known as the “Nobel Prize of computing,” has been given to Yoshua Bengio, Geoffrey Hinton, and Yann LeCun — sometimes called the ‘godfathers of AI’, for their work developing the AI subfield of deep learning.

• The trio believed in the potential of AI and brought to the world the innovations such as neural networks, self-driving cars, facial recognition, CNN and much more. About Turing Award: Initiated in 1966, this annual award is named after British mathematician Alan M.

• Turing, whose work laid the foundation for computer science and artificial intelligence. It honors the individual for contributing major technical importance in the computer field. First recipient – Alan Perlis

Delhi government school teacher Manu Gulati honoured with Martha Farrell Award 2019

• Delhi government school teacher, Manu Gulati honored with the Martha Farrell award for Excellence in Women’s Empowerment 2019 in the Most Promising Individual category with prize money of INR 1,50,000 for promoting gender quality and women’s empowerment.

• She collaborates with America India Foundation’s “Market Aligned Skills Training Program”, through which she assists the training programs for beauticians, weavers, salesgirls, etc in Jalandhar in Punjab, Betul in Madhya Pradesh and Baramullah in Kashmir.

• The Awards were first awarded in 2017 in the memory of Dr. Martha Farrell, a prominent activist for gender equality and women’s empowerment. About Delhi: Governor: Anil Baijal, Chief Minister: Arvind Kejriwal Deputy Chief Minister: Manish Sisodia Chief Secretary: Vijay Kumar Dev Commissioner of Police: Amulya Patnaik

Singapore airport named worlds best aviation hub for the seventh time.

• According to the Skytrax World Airport Awards, Singapore's Changi Airport has been crowned the world's best aviation hub for the seventh time in a row, while New Delhi's Indira Gandhi International (IGI) Airport featured at number 59.

• Singapore Changi Airport is known for its rooftop swimming pool, two 24-hour movie theaters and shopping spots

•  At number two on the list is Tokyo International Airport (Haneda), up one place from 2018. This hub also won World's Best Domestic Airport and World's Cleanest Airport. Incheon International Airport secured 3rd position in the list. The other Indian aiports in the list were Mumbai’s Chhatrapati Shivaji Maharaj International Airport at 64, the Rajiv Gandhi Hyderabad International Airport at 66, and Bengaluru’s Kempegowda International Airport at 69.

APPOINTMENTS AND RESIGNATION:

Vice Admiral MA Hampiholi, AVSM, NM to be designated as Director General Naval Operations (DGNO)

• Vice Admiral MA Hampiholi, AVSM NM has been appointed as Director General Naval Operations (DGNO). He will succeed Satish Namdeo Ghormade.  He was commissioned in the Executive Branch of the Indian Navy on 1st July 1985.

• he Flag Officer has experience as Anti-Submarine Warfare (ASW) specialist officer at onboard INShips Himgiri, Agray,and Ganga. He has experience as a Commanding officer in INS Nashak (missile vessel), INS Magar {Landing Ship Tank (Large)} and INS Talwar (stealth Frigate), Second-in-Command of INS Khukri (Missile Corvette).

• He commanded the National Coast Guard, Mauritius for two years (2003 – 05) and served as Commanding Officer of INS Mandovi.

Manohar Ajgaonkar, Vijai Sardesai designated as Goas Deputy Chief Ministers.

• Goa’s Tourism Minister Manohar Ajgaonkar has been appointed as the Deputy Chief Minister of Goa. He switched to Bharatiya Janata Party (BJP) from Maharashtrawadi Gomantak Party, on March 27, 2019. At present he is the second deputy chief minister along with Goa Forward Party (GFP) leader and state minister Vijai Sardesai. Both will succeed Sudin Dhavalikar.

BANKS AND ECONOMICS:

RBI to issue Regulatory sandbox.

• The Reserve Bank of India (RBI) is set to issue guidelines within two months for the fintech companies to test their new products on a small group of users before scaling up.  A Sandbox is a framework set up by a regulator that allows FinTech start-ups to conduct live experiments in a controlled environment under supervision.

• Regulatory sandbox will provide a well-defined space for the companies to develop new products. It allows for experimenting with their products and fintech solutions. In case of failure, the consequences would be contained and the reasons will be analysed for betterment.

Deposits ordinance does not cover gold schemes.

• The Centre’s recent ordinance banning unregulated monthly deposit schemes will not affect the ongoing monthly schemes operated by jewellery and chit fund firms.

• Called the ‘Banning of Unregulated Deposit Scheme Ordinance’, it was promulgated by President Ram Nath Kovind during the last week of February 2019 to save gullible investors from losing money to Ponzi and fake deposit schemes.

•  The ordinance makes such unregulated deposit schemes punishable, among other things. Ordinance: Ordinances are laws that are promulgated by the President of India on the recommendation of the Union Cabinet. They can only be issued when Parliament is not in session.

• They enable the Indian government to take immediate legislative action. Ordinances cease to operate either if Parliament does not approve of them within six weeks of reassembly, or if disapproving resolutions are passed by both Houses.  It is also compulsory for a session of Parliament to be held within six months.

SPORTS:

Four sports including Breakdancing get provisional green light for Paris Olympics 2024

• Breakdancing was among four sports given a provisional green light for inclusion in the Paris 2024 Games by the International Olympic Committee (IOC). The three other sports namely - Surfing, Skateboarding and sport climbing also got approval for provisional inclusion in Summer Olympics 2024 from IOC.

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Important Current Affairs of 28th March

BANKS AND ECONOMICS:

Demat share transfer to be effective from 1st April.

• Securities and Exchange Board of India (SEBI) said that the transfer of shares of listed companies can be done only in dematerialised form from April 1 but investors are not barred from holding shares in the physical form.

•  In December 2018, the capital markets watchdog extended the deadline for transfer of shares of listed companies only in dematerialised (demat) form to April 1.

• Now, it has been decided not to extend the deadline.  The decision that the transfer of shares has to be compulsorily in demat form was taken way back in March 2018. SEBI also said that the measure would come into effect from April 1, 2019.

Bank of Baroda to launch Baroda Kisan.

• Public sector Bank, Bank of Baroda has made an announcement about developing an agri-digital platform called 'Baroda Kisan'. The platform is to provide solutions for all major agricultural requirements.  The project aims to provide a holistic approach towards solving agricultural plights by means of providing reliable and customised information, inputs for use, the convenience of renting farm equipment and market linkage for sale of agri-produces. Bank of Baroda has signed a memorandum of understanding (Mou) with Six companies viz.

• Skymet Weather Services, Weather Risk Management Services, BigHaat, Agrostar India, EM3 Agri Services and Poorti Agri Services for the project. The agri-digital platform will be executed by IT Centre of Excellence (ITCoE) of Bank of Baroda in partnership with IBM India. Baroda Kisan is aimed at digitization of digital services.

NATIONAL:

Assam launched initiatives to educate voter.

• Assam State government has launched initiatives to educate voters. Folk song competitions, quiz programmes and appeals by celebrities are some of the initiatives being undertaken by the election office in Assam for attracting women, first-time voters, people with physical disabilities and senior citizens to cast their votes.

• Sprinter Hima Das, Whitley Awardee and environmentalist Purnima Devi Barman, singer Tarali Sarma, body builder Golap Rabha and actor Kopil Bora have been roped in as State icons to create awareness about the election process.

• District election officers have been directed to reach out to the maximum number of voters in the constituencies under their jurisdiction. Polling stations with low female voter turn-out have been identified and ‘mahila voter rallies’ are being held.

Cabinet approved additional posts for NCLAT.

• Cabinet approved a proposal of six additional posts of judicial and technical members in the National Company Law Appellate Tribunal (NCLAT). The tribunal hears appeals against rulings of the National Company Law Tribunal (NCLT).  The Cabinet cleared a proposal for the creation of three additional posts each for judicial members and technical members in the NCLAT. The new posts would ensure meeting the mandate provided to NCLAT by the Finance Act, 2017, the Companies Act, the Insolvency and Bankruptcy Code, 2016 and the time frame provided for disposal of cases.

Gujarat ATS and Indian Coast Guard capture 9 international smugglers with heroin worth Rs 500 crore

• The Gujarat Anti-Terrorist Squad and the Indian Coast Guard captured nine international drug smugglers. The smugglers were reportedly carrying 100 kgs of contraband worth Rs 500 crore in the boat, which they had destroyed after they were trapped by the agencies.   As per the press statement, the Gujarat ATS had received a tip-off that an illegal consignment of narcotic drugs, Heroin, is going to be smuggled in Gujarat through Coast.

Delhi International Airport is to be transformed with world-class amenities.

• Delhi world’s 12th busiest hub, the Indira Gandhi International Airport, transiting between the various terminals of IGI Airport, will become a breeze in a few years’ time, with the airport operator finalizing the route of an “air train” connecting the terminals as well as Aerocity, the hotel center.

• It connects the Aerocity’s Airport Metro Express station to all the major Hotels and Offices with Aerocity's Hospitality District through an experiential walkway. It not only connects all the buildings but also provides a well-designed public space for everyone to enjoy. It promotes an active lifestyle and enables access to open spaces, shaded areas for casual breakouts and many other amenities.

MPI 2018 report says Indias povert rate has reduced drastically.

• According to the Multi-dimensional Poverty Index 2018 report, the four poorest states namely Bihar, Jharkhand, Uttar Pradesh, and Madhya Pradesh were still home to 196 million MPI poor people, which was over half of all the MPI poor people in India.

• The Multi-dimensional Poverty Index 2018 report prepared by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative makes the following observations about India:

• India has reduced its poverty rate drastically from 55% to 28% in 10 years, with 271 million people moving out of poverty between 2005-06 and 2015-16. Jharkhand had shown the greatest improvement, followed by Arunachal Pradesh, Bihar, Chhattisgarh, and Nagaland. Kerala, one of the least poor regions in 2006, reduced its MPI by around 92%.

At 15,256ft, Himachal's Tashigang is world's highest polling station.

• The Tashigang polling station in Himachal Pradesh falls in Buddhist-dominated Lahaul-Spiti, one of the 17 assembly segments that form the Mandi Lok Sabha seat, the second largest constituency in India.

• Situated at about 29 km from the India-China border, the polling station covers two villages— Tashigang and Gete.

• As per the revised electoral rolls, the two villages have 48 voters, of which 30 are men and 18 women. Earlier the tiny settlement of Hikkim in the same district located at an altitude of about 14,400 feet was the highest polling station in the country.

Vedanta Limited has discovered oil in the Krishna Godavari basin.

• Anil Agarwal-led Vedanta Limited has discovered oil in the Krishna Godavari basin on India’s east coast. The company has notified the management committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the second exploratory well H2, located in block KG-OSN-2009/3, Krishna-Godavari Basin, east coast of India.

• Vedanta Limited holds 100% participating interest in the block. The first exploration well, A3-2, drilled in the block was a gas discovery

Adani becomes first Indian port operator to record 200 million tonnes cargo movement in 2018-19

• Adani Ports and Special Economic Zone (APSEZ) has claimed that its portfolio of nine ports and terminals handled 200 million metric tonnes (MMT) of cargo in 2018-19, becoming the first Indian port operator to achieve the milestone. The Gautam Adani-led company doubled its cargo handling from 100 MMT reached in 2013-14

India becomes the 4th country to test Anti-satellite missile system, codenamed Mission Shakti successfully.

• India successfully completed 'Mission Shakti' operation where it destroyed a live satellite on a low earth orbit (LEO) using an Anti-Satellite (ASAT) missile in three minutes. India has become the 4th country after the US, Russia and China in the world to achieve this historic feat.

• Anti Satellite weapons also called the ASAT are developed to destroy satellites. Mission Shakti is a joint programme of DRDO and the Indian Space Research Organisation (ISRO). Mission Shakti will help the country in standing strong and secure. It will further protect the nation from disharmony and bring peace.

INTERNATIONAL:

India, US Ink Pact To Check Tax Evasion By MNCs.

• India and the US signed an agreement for the exchange of country-by-country (CBC) report. The move will give huge relief to subsidiaries of US-headquartered companies in the taxation-related matter. The agreement was signed by PC Mody, Chairman, Central Board of Direct Taxes (CBDT), and Kenneth I Juster, US Ambassador to India.

APPOINTMENTS AND RESIGNATIONS:

Maruti Suzuki board re-appointed Kenichi Ayukawa as MD and CEO for 3 years.

• This would be Kenichi Ayukawa's third three-year term as MD and CEO of Maruti. He first took over as MD and CEO of the company in March 2013 as Shinzo Nakanishi had attained the age of retirement. He played a major role in expanding the company's market share beyond 50 per cent.

Azali Assoumani re-elected as the President of Comoros.

• Azali Assoumani was re-elected as the President of Comoros after defeating his closest rival, Mahamadou Ahamada in the election held by the electoral commission of the Indian Ocean Archipelago. 66 years old, Azali Assoumani who first took office in 2016, was credited with 60.77 percent votes whereas Mahamadou Ahamada got only 14.62 percent votes.

SPORTS:

Manu and Saurabh won gold in 12th Asian Airgun Championship in Taoyuan, Taipei.

• Indian shooting stars Manu Bhaker and Saurabh Chaudhary smashed the qualification world record before clinching the 10m air pistol mixed team gold in the 12th Asian Airgun Championship in Taoyuan, Taipei. The Indians then went on to win the five-team final with a score of 484.8.

• Hwang Seongeun and Kim Mose of Korea won the silver with a score of 481.1 while Wu Chia Ying and Kou Kuan-Ting claimed the bronze for the host country with a score of 413.3.  This win comes a month after they won the International Shooting Sport Federation (ISSF) World Cup stage gold in the same event in Delhi.

• Manu Bhaker and Saurabh Chaudhary broke the record set by Russians Vitalina Batsarashkina and Artem Chernousov at the European Championships held recently.

Infosys joined hands with Roland-Garros to provide digital solution for French Open tennis tournament.

• IT company Infosys joined hands with Roland-Garros with a three-year partnership agreement to provide a digital solution for French Open tennis tournament, also called Roland-Garros. This agreement will enhance the game by providing fans, players and coaches with a new experience in digital technologies such as artificial intelligence, big data and analytics, mobility, virtual and augmented reality.

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Important Current Affairs 26th March 2019

National:

Goldman Sachs report says that in FY20 food inflation likely to go up to 2 percent.

• Goldman Sachs report said that food inflation in the country is likely to go up to 2% in the fiscal year 2019-20 from the 0.7% estimated for FY19.

• It can be noted that low food prices had been one of the prime factors which had aided the RBI to be more accommodative in its rate-setting recently. It also attributed that the low food prices in the last few months to the prices of cereals and vegetables which had remained low for some time. Deregulation of markets, which saw delisting of vegetables from the Agriculture Produce and Marketing Committee Act in 14 States, had helped keep vegetable prices low.

Delhi Development Authority launched the housing scheme.

• The Delhi Development Authority (DDA) launched the housing scheme for 2019, under which it will offer 18,000 flats spread across Narela and Vasant Kunj. With the online portal now open, interested buyers can get registered, following which a draw will be conducted to allot flats. The portal for online registration will be available until May 10.

•  All the flats on offer under this scheme are newly constructed. Approximately 450 HIG [high-income group] flats and 1,550 MIG [middle-income group] are being offered. Additionally, 8,300 LIG [low-income group] and 7,700 EWS [economically weaker section] flats are being offered under the scheme. Those registering for the housing scheme will have to deposit an application fee ranging from Rs. 25,000 for EWS category to Rs. 2 lakh for three bedroom flats.

Chandrayaan 2 to carry NASAs laser retro reflector arrays.

• India’s lunar mission Chandrayaan 2 will carry NASA’s laser instruments. The U.S. space agency said that the laser instrument will help scientists to make precise measurements of the distance to the Moon. Chandrayaan 2 is scheduled to be launched in the month of April. NASA has confirmed that Chandrayaan 2 and Israeli lander Beresheet, due to touch down on April 11, will each carry NASA-owned laser retroreflector arrays.

HAL rolled out 16th Tejas fighter for IAF fleet.

• The Indian Air Force (IAF) ordered 40 Light Combat Aircraft (LCA) Tejas fighter from the Hindustan Aeronautics Ltd. (HAL).  The State-run Hindustan Aeronautics Ltd (HAL) has rolled out its 16th Light Combat Aircraft (LCA) Tejas fighter in the initial operational clearance (IOC) configuration to be inducted into the fleet of the Indian Air Force (IAF).

India extends Rs. 35.5 million financial grant to Nepal.

• India has extended a financial grant of 35.5 million Nepalese rupees for the construction of an educational campus in Nepal under the Development Partnership Programme. The building was constructed at Siddheshwar Education Public Campus in Ramechhap district. It consists of 12 class rooms, meeting hall, laboratory room and a library.

• It will enhance the poor, needy and the marginalized students’ access to education in the district and the nearby areas. Development Partnership Programme is administered by the Development Administration Partnership division of the Ministry of External Affair.

APPOINTMENTS AND RESIGNATION:

Jet Airways founder Naresh Goyal resigned his position.

• Jet Airways Founders Naresh Goyal and wife Anita Goyal have stepped down from the board of the cash-strapped airline. With this, Naresh Goyal ceases to be Chairman. Director Kevin Knight has also resigned. The board has accepted their resignations. The board also approved the issue of 11.4 crore equity shares to the lenders upon conversion of Re 1 of the outstanding debt. Lenders will infuse up to Rs 1,500 crore via debt instruments.

AIBA President Gafur Rahimov resigns.

• he Amateur International Boxing Federation (AIBA) President Gafur Rahimov announced his resignation. He cited the reason as the political based discussions were harming the organizations progress. Rahimov will be replaced by an interim president.  Rahimov was elected in November 2018 despite being on the U.S. Treasury Department’s sanctions list “for providing material support” to a criminal organization.

SPORTS:

Paralympics high jumper Girish Gowda named as Ambassador of Karnataka LS Elections.

• Silver Medalist in Paralympic high jump, Girish Gowda has been appointed as the ambassador of Karnataka Lok Sabha Elections 2019. He represented India in men’s high jump F-42 category during 2012 Summer Paralympics games held in London, where he clinched the silver medal. With this, he became the first Indian to win medal in this category

Govindaraj re-elected as BFI President.

• K. Govindaraj has been unanimously re-elected as president of the Basketball Federation of India (BFI) at its annual general body meeting. Govindaraj announced that a new six-team women’s league will be held in the next three months.

INTERNATIONAL:

Pentagon approves USD 1 billion to build 92 km of Trump's border wall.

• Acting US defence (Pentagon) secretary Patrick Shanahan authorised $1 billion to build part of the wall sought by President Donald Trump along the US-Mexico border. The amount will go towards building 92 km of 18-foot fencing, improving roads and other measures along the border.

•  Earlier, Trump had declared national emergency over the border wall demand. Trump had sought $5.7 billion for the wall. He believes the wall will help curb crime and drug trade in the US. The wall was one of the main promises of the Trump election campaign in 2016.

IAF formally inducted four heavy-lift Chinook helicopters.

• On the lines of Indo-US deal inked in September 2015 for the purchase of 15 Chinooks by India, the first four heavy lift CH-47F (I) Chinook helicopters were inducted in the Indian Air Force, at Air Force Station, Chandigarh, in Squadron No 126 Helicopter Flight.

• These multi-role helicopters will act as life-saver during HADR (humanitarian assistance and disaster relief) missions. Regarded as one of the most modern heavy lift chopper, the payload capacity of Chinook is about 10 tonne, as it is able to lift artillery, vehicles, road construction and engineer equipment as well as troops and supplies to mountainous sectors.

• It can also lift M-777 ultra-light howitzers of the Indian armed forces. India has purchased 15 Chinooks for $1.5 billion. The delivery of remaining helicopters is expected to be completed by 2023.

AWARDS:

Peter Tabichi won Global Teacher Prize 2019.

• Peter Tabichi, a science teacher from rural Kenya, who gives away most of his salary to support poorer pupils, has won a $1m prize (£760,000) for the world's best teacher. The award, in a competition run by the Varkey Foundation, has seen him beating 10,000 other nominations from 179 countries. Last year's winner was an art teacher from north London, Andria Zafirakou.

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Important Current Affairs of 14th March

NATIONAL:

Chennai to get second Greenfield airport.

• The Tamil Nadu government has finally taken the first step towards building the second Greenfield airport near Chennai. Tamil Nadu Industrial Development Corporation (Tidco) Limited has issued a Request for Proposal to appoint a consultant for preparing a draft report and identify potential sites near the city.

•  Tidco was chosen as the nodal agency for selection of a consultant, officials said. No site has been identified yet. The consultant will identify and propose three potential sites near Chennai for the greenfield airport. The consultant will look at the air traffic projections and the demand and do a detailed master plan citing the necessary airside and land facilities and other infrastructure and industrial provisions the site will need.

Over 12 Indian states banned e-cigarettes.

• Following an advisory from the Union Ministry of Health and Family Welfare issued in 2018, Twelve states across India have banned Electronic Nicotine Delivery Systems (ENDS) or e-cigarettes.

• States of Punjab, Maharashtra, Karnataka, Kerala, Bihar, Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh, Tamil Nadu, Puducherry and Jharkhand have taken steps to ban the use of ENDS.

• ENDS, more commonly known as e-cigarettes or “vapes" in India, are products that produce an aerosolized mixture containing flavored liquids and nicotine that is inhaled by the user.

Over 605 people have died of swine flu in 2019 so far: Health Ministry.

• According to data from the Union Health Ministry, as many as 605 people have died due to swine flu this year, with 75 deaths being reported last week. Over 19,380 people have tested positive for the virus. Rajasthan reported the highest number of swine flu cases (4,551) and deaths (162) followed by Gujarat (118 deaths  and 3,969 cases). Delhi was third with 3,362 swine flu cases and seven deaths. Swine flu is the common name for the H1N1 influenza virus. H1N1 is a self-limiting viral, air-borne disease spread from person to person, through large droplets generated due to coughing and sneezing, indirect contact by touching a contaminated object or surface and close contact, including handshaking, hugging and kissing.

India extended USD 250 million to Nepal.

• India has extended a grant assistance of up to USD 250 million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9,000 people.

India ranks 16th in terms of highest number of impacted species in hotspots.

• India was ranked 16th in the world in terms of highest number of impacted species in biodiversity-rich zones (also known as hotspots) due to human actions.

• In India, 35 species affected on an average in biodiversity-rich zones. Malaysia ranks first among countries with highest number of impacted species (on an average 125 species). Southeast Asian tropical forests — including those in India’s Western Ghats, Himalaya and north-east — are among the ‘hotspots’ of threatened species.

India bans Boeing 737 MAX 8 planes after the Ethiopian Airlines crash.

• Boeing 737 Max 8 aircraft banned by the Directorate General of Civil Aviation (DGCA) in the Indian airspace from 1600 hrs IST or 1030 UTC 13th March 2019. The airlines affected by this are SpiceJet which has 13 jets of the model 8 variant and Jet Airways which has 5 jets of this variant.

Thirty four edition of Aahar International Food and Hospitality Fair begins in New Delhi.

• 34th edition of Aahar- the International Food and Hospitality Fair which is organized by India Trade Promotion Organization (ITPO) begins in New Delhi on 12th March 2019. Participants from China, Germany, Hong Kong, Italy, Indonesia, Japan, Russia, Spain, USA and UK are participating in the event.

HGS and NASSCOM to launch centre of excellence for PwDs in Bangalore.

• Hinduja Global Solutions (HGS) partnered with National Association of Software and Services Companies (NASSCOM) Foundation to launch a centre of excellence in Bengaluru for training differently-abled persons (PwDs) which will train a minimum of 100 PwDs making them industry-ready over the next 12 months with a goal to place at least 50% of them in companies already sensitised for hiring them.

• The trainees will be skilled in a variety of job roles suitable for hospitality, IT or BPM and retail industries and will also be trained on soft skills, interview skills, communication skills, and English language.

BANKS AND ECONOMY:

HDFC Bank becomes third Indian firm to cross Rs 6 lakh crore in value.

• HDFC Bank crossed the Rs. 6 lakh crore market capitalisation mark for the first time on March 13, becoming only the third Indian company to achieve the milestone.

• Reliance Industries is the most valued Indian company with a market value of Rs.8.50 lakh crore, followed by TCS at Rs. 7.50 lakh crore.

About HDFC bank:

♦ HDFC Bank is India’s largest private sector lender by assets.

♦ CEO: Aditya Puri

♦ Headquarters: Mumbai

♦ Founded: August 1994, India

RBI to inject rupee liquidity through Forex swap.

• The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap, a first-of-its-kind instrument, used for liquidity management. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for a three-year tenor on March 26.

•  The U.S. dollar amount mobilised through this auction would also reflect in RBI’s foreign exchange reserves for the tenor of the swap while also reflecting in RBI’s forward liabilities. This move of RBI can lower the dependence on open market operations (OMO) which have been a significant amount of the overall borrowing as higher OMOs can distort the rates curve.

AWARDS AND RESIGNATION:

Rahul Bajaj resigns as chairman of Bajaj Finserv.

• Rahul Bajaj will step down as Chairman and Non-Executive Director of Financial services company ‘Bajaj Finserv’ on May 16. However, he will continue to serve the company as Chairman Emeritus. The 80-year-old has been at the helm of Bajaj Finserv since its inception in 2007 and the Bajaj Group for around five decades.

Ved Rahi will be awarded with Kusumagraj Rashtriya Sahitya Puruskar.

• Famous Novelist and Film Director, Ved Rahi will be awarded prestigious Kusumagraj Rashtriya Sahitya Puruskar which carries a cash prize of Rs. 1 Lakh, A memento and a citation. Ved Rahi was born in Jammu in 1933 and he had written seven novels in Dogri Language. He also wrote in Hindi and Urdu. He was given Sahitya Akademi Award in 1983 for his Novel “Aale” which was written in Dogri Language.

INTERNATIONAL:

Japan announced Rs 22 lakh for Kolkata museum.

• The Japanese government announced a donation of some Rs 22 lakh ($31,800) to the Rabindra Bharati Museum, Kolkata in a bid to strengthen historical and cultural ties with India. Rabindranath Tagore, Asia's first Nobel Prize recipient, visited Japan in 1916, 1924 and 1929, renewing relations between the countries as India's leading cultural ambassador.

About Japan:

♦ Capital: Tokyo

♦ Currency: Japanese yen

♦ Prime minister: Shinzo Abe

UK issued a Black hole Coin to commemorate Stephen Hawking.

• The United Kingdom has commemorated Professor Stephen Hawking in a new 50p coin. The coin has references to the late physicist's pioneering work on black holes.  Black Hole Coin  The commemorative coin aims to celebrate the life and "ground-breaking" achievements of Hawking, who passed away in 2018. It is a commemorative coin and not for circulation as currency.

• The coin features Hawkins's name in capital letters above a rippling drawing of concentric circles, intended to represent a black hole. The coin was designed by  British engraver and printmaker Edwina Ellis. The coin is available in gold, silver, and a double thickness silver version called a piedfort. The coin has been released by UK's Royal Mint.

EU has added 10 countries in the Tax blacklist.

• The European Union has expanded its tax haven blacklist by including 10 countries. The list now has 15 countries. The list was first drawn up by EU in 2017 in the wake of several scandals that pushed the EU into doing more to fight tax evasion by multinationals and the rich.

• Seven countries Aruba, Belize, Bermuda, Fiji, Oman, Vanuatu, and Dominica were moved from greylist to blacklist due to their inability towards reform commitments. Three other countries added into the list are Barbados, the United Arab Emirates, and the Marshall Islands.

• Eu list of Tax Blacklist or Tax Havens: Tax Havens provide taxpayers with opportunities for tax avoidance, while their secrecy and opacity also serve to hide the origin of the proceeds of illegal and criminal activities. Features of these Tax Havens include low or zero taxation, fictitious residences (with no bearing on reality) and tax secrecy.

Krishna Kumari Kohli becomes the first Thari Hindu woman to be elected to the Senate of Pakistan.

• Krishna Kumari Kohli appointed as the first female senator of Pakistan from the Hindu Dalit community. She is also the first Thai Hindu woman to be elected to the Pakistan Senate. On 8th March 2019, which was celebrated as the International Women’s Day, she chaired the session of the Upper House of Parliament.

Industrial production growth declined to 1.7% in January 2019 as per CSO report.

• The Central Statistics Office (CSO) has released the data for the Index of Industrial Production (IIP) for the month of January. The IIP data shows that: Industrial output growth stood at 1.7% in January against the 2.6% growth recorded in December 2018.  Eleven out of the twenty-three industry groups in the manufacturing sector have shown positive growth during the month of January 2019 as compared to January 2018. The cumulative industrial production increased by 4% in April-January FY2019 compared with 4.1% growth in April-January FY2018.

Japan plans to stun the world in 2020 Olympics.

• Driverless cars, robot volunteers and ultra high-definition TV: Japan Inc. plans to use the Tokyo 2020 Olympics to show the world it has regained its touch for innovation and technology.  The last time Japan hosted the summer games, Tokyo 1964, it stunned the visitors with its shinkansen, the sleek high-speed bullet train that has since become a byword for cool and efficient transport.

•  The country used the games as a springboard to dominate the tech world. From Sharp's LCD (Liquid Crystal Display) screens to the Sony Walkman, Japan enjoyed an unparalleled reputation in the vanguard of technological innovation. Japan’s vision for the 2020 Games includes an aspiration to make them the most innovative in history.

NASA to send women to Mars.

• NASA, the US Space agency, said that the first person to set foot on Mars is likely to be a woman. It said that women are at the forefront of the U.S. space agency’s upcoming plans.

• NASA recently announced that it will have its first all-female spacewalk at the end of the month when astronauts Anne McClain and Christina Koch will get to float around in space. NASA has the first all-female spacewalk at the end of March, which is, of course, National Women’s Month. So NASA is committed to making sure that it has a diverse set of talent. It is also looking forward to the first woman on the Moon.

DAY:

World Kidney Day 2019 is observed on 14th March.

• World Kidney Day 2019 is observed on 14th March. The theme of the World Kidney Day 2019 is Kidney Health for Everyone Everywhere.  Second Thursday of March every year is observed as World Kidney Day every year as a global health awareness campaign focusing on the importance of the kidneys and reducing the frequency and impact of kidney disease and its associated health problems worldwide.

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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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Shashank Manohar resigns as BCCI president

On 10 May 2016 Shashank Vyankatesh Manohar resigned as the President of BCCI.
•    He also stepped down as the BCCI representative in the International Cricket Council and the Asian Cricket Council .
•    He served as the president of the cricketing body from 25 September 2008 to 19 September 2011.
•    He is holding the office of the president of the Vidarbha Cricket Association (VCA) who is one of the three full members in the state of Maharashtra.
•    He is also referred to as Mr. Clean and is also known for his spotless track record and integrity in cricketing circles.
•    Meanwhile in the Supreme Court, BCCI was questioned about their apprehensiveness to implement the Lodha Committee reforms.

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Charles Borromeo resigned from Tata Steel Sports Department

Charles Borromeo on 28 April 2016 resigned from the head of the Tata Steel sports department post.
Vigilance department officials of the company had questioned him in connection with alleged irregularities in tender process of 4.40 crore rupees.
•    He won a gold medal of 800 m at the 1982 Asian Games held in Delhi 
•    He was also a part of Indian Olympic contingent that took place at Los Angeles in 1984.
•    He joined Tata Steel as sports assistant in 1979 
•    In 1982, he topped the six-nation Athletic Meet in Mumbai by winning the Inter-State Championship at Kozhikode 
•    He won bronze medal at the Peking International Games in China 
•    Tata honored him as the Best Sportsman in 1984. 
•    He also represented India at a number of track and field meets around the world, including Japan and China, where he again won gold medals.
•    He was awarded the Arjuna Award in 1982 and the Padma Shri in 1984.

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