Current Affairs

 Al Nagah III is the third in the series of the bilateral joint exercise between India and Oman. It will be held between March 12 to March 25 at Oman.
Al Nagah III
  • Al Nagah III will be held at  Jabel Al Akhdar Mountains in Oman.
  • The 14-day exercise will see both the armies exchanging expertise and experience in tactics, weapon handling and firing.
  • The exercise is aimed to enhance interoperability in counterterrorist operations in semi-urban mountainous terrain.
  • The Indian Army contingent is going to be represented by 10th Battalion of the Garhwal Rifles. Similar strength is also to be fielded by Jabel Regiment of Royal Army of Oman.
Al Nagah I was held at Muscat, Oman in January 2015 and Al Nagah II at Himachal Pradesh, India in March 2017.  The India-Oman bilateral security ties have continued to evolve and the joint military exercise will go a long way in enchaining understanding of capabilities and strengthening camaraderie between both the Armies.

  Union Minister for Commerce and Industries Suresh Prabhu has launched the tutorial video on Intellectual Property Rights and the GI website. Tutorial Video on IPR
  • The tutorial video has been produced by the Cell for IPR Promotion and Management (CIPAM), Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with Qualcomm.
  • This tutorial video explains the fundamentals of Intellectual Property Rights (IPRs) such as Patents, Copyrights and Trademarks.
  • India’s first Intellectual Property (IP) Mascot, IP Nani features in a series of short animated videos, to spread awareness about the importance of IPRs amongst children.
  • The tutorial video can be can be used in schools without any external intervention from teachers or experts and will aid in reaching a large number of schools and students, thereby overcoming issues of bandwidth and limited resources.
Geographical Indication Geographical Indication (GI) is a name or sign used on products which correspond to a specific geographical location or origin. Geographical Indication act as a certification that the product possesses certain qualities, is made according to traditional methods or enjoys a certain reputation, due to its geographical origin.
Website of Geographical Indication of India Geographical Indications (GI) of India website showcases Indian GIs products, classified state wise as well as product category wise. The website with specific and comprehensive details of the geographical area, description of the product, uniqueness, history, product process/ processing in addition to enlisting GI authorized users will increase the visibility and marketability of GIs of India and hence help in their commercialization.

 The Cabinet Committee on Economic Affairs (CCEA) has approved the acquisition of debt-laden Lanco’s 500 MW Teesta hydro-electric power project in Sikkim by state-owned NHPC.
Taking over of Lanco Teesta Hydro Power Ltd
  • NHPC will take over debt-laden Lanco’s 500 MW Teesta hydro-electric power project for Rs 907 crore in Sikkim.
  • CCEA has sanctioned the funds for the acquisition and execution of balance work of the Teesta Stage-Vl Hydro Electric Project by the NHPC Ltd.
  • The total cost of the project would be Rs 5,748.04 crore (at July 2018 price level), which includes a bid amount of Rs 907 crore for acquisition and estimated cost of balance work of Rs 3,863.95 crore, which includes Interest During Construction (IDC) and Foreign Component (FC) of Rs 977.09 crore
Teesta Stage-Vl Hydro Electric Project
  • Teesta Stage-Vl Hydro Electric Project is a Run of River (RoR) project in Sirwani Village of Sikkim to utilize the power potential of Teesta River Basin in a cascade manner.
  • The project involves the construction of a 26.5-metre high barrage across river Teesta.
  • The estimated power generation is 2,400 million units of electricity in a 90 per cent dependable year with an installed capacity of 500 MW (4x125MW).
NHPC NHPC Limited, formerly known as National Hydroelectric Power Corp. was incorporated as Central Govt. Enterprise for development of Hydro Power in Central Sector on 7th November 1975. Over the years NHPC has evolved as the largest central utility for hydropower development in India. NHPC is mandated to plan, promote and organize an integrated and efficient development of power in all aspects through Conventional and Non Conventional Sources in India and abroad. NHPC which is a premier organization in the country for the development of hydropower has an authorised capital of about Rs.15,000 crores and has a Miniratna status.

 The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International Finance Corporation (IFC) to assist IBBI in further building the capacity of insolvency professionals and insolvency professional agencies for the purpose of the bankruptcy code.
Strengthening IBBI IBBI established under the Insolvency and Bankruptcy Code, 2016 provides a platform for re-organisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of the value of assets, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. IBBI exercises regulatory oversight over the insolvency professionals, insolvency professional agencies and information utilities. Under the  Insolvency and Bankruptcy Code, 2016 IBBI prescribes and enforces rules for processes, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy. IFC would assist IBBI in the effective implementation of the Code and its allied rules and regulations by assisting in further building the capacity of insolvency professionals and insolvency professional agencies for the purpose of the bankruptcy code.

 President Ram Nath Kovind presented the Nari Shakti awards, 2018 on the occasion of International Women’s Day on 8th March. Nari Shakti awards are the highest civilian honour for women in India. 44 Nari Shakti awards were presented for the year 2018 and the awardees include Scientists, entrepreneurs, environmentalists, social workers, farmers, artists, masons, a woman marine pilot, a woman commando trainer, journalists and film-makers. Nari Shakti Puraskar was also awarded to One Stop Centre of Lucknow and Tamil Nadu State Social Welfare and Nutritious Meal Department. Tamil Nadu State Social Welfare and Nutritious Meal Department got the award for exceptional progress in improving child sex ratio at birth under the Beti Bachao Beti Padhao scheme. One Stop Centres are established by the Ministry of Women and Child Development for violence affected women in all districts of the country. One Stop Centres provide 24×7 integrated services to women affected by violence under one roof, including handholding them in the filing of FIRs, providing them legal aid, medical aid, psycho-social counselling and temporary shelter up to 5 days.
Nari Shakti Awards Nari Shakti Awards, earlier known as Stree Shakti Awards was constituted by the government of India in the year 1991. Nari Shakti Awards provide an opportunity to understand the contribution of women in the building of society and the nation. Nari Shakti Awards are conferred on eminent women and institutions rendering distinguished service to the cause of women especially belonging to the vulnerable and marginalized sections of the society by the Ministry of Women and Child Development. The recipients include both institutions and individuals.

 The bilingual correspondent with the BBC Priyanka Dubey has been named for the Chameli Devi Jain Award for an Outstanding Woman Journalist for the year 2018. The jury honoured Priyanka Dubey for her multi-faceted, investigative and interrogative reportage which took up the burning and complex social and political issues and uncovering the reality underlying them showing them to be layered, complex, and variegated. The Chameli Devi Jain Award awards women journalists for their exceptional contribution to the cause of journalism upholding standards of excellence through a sustained body of work. The Chameli Devi Jain Award named after the freedom fighter, Chameli Devi Jain who held demonstrations against the foreign goods on the call of Gandhiji and got arrested. She was Gandhian and spun chakra. She would attend meetings with other women on matters of community reform, like widow remarriage.

 Raghuram Rajan, former governor of RBI has been chosen for the ‘Yashwantrao Chavan National Award 2018’ by Yashwantrao Chavan Prathisthan for his contribution to economic development. Raghuram Rajan will be presented with the award at the 106th birth anniversary of Yashwantrao Chavan on March 12. Raghuram Rajan is credited with steering Indian economy during turbulent times during the post-global financial crisis period. He is credited for positioning Indian currency as among the best-performing emerging markets amid a global currency rout against the dollar as emerging markets witness a major capital flight not seen since the collapse of Lehman Brothers in 2008. During his tenure in RBI, he oversaw some key reforms in monetary policy management and in the administration of the central bank. Raghuram Rajan had also served as the chief economist of IMF and had famously predicted the 2008 financial crisis in 2005.
Yashwantrao Chavan Prathisthan After the death of Yashwantrao Chavan, Yashwantrao Chavan Prathisthan was constituted by his followers and associates to take forward his works. Yashwantrao Chavan was the first Chief Minister of State of Maharashtra and has also served as Deputy Prime Minister of India in the cabinet of Prime Minister Charan Singh between 1979-1980. Born on 12 March 1913 in Devrashtre village of Satara District of Maharashtra, Yashwantrao Chavan was largely influenced by the Indian freedom struggle movements. He had participated in the Non-cooperation movement and Quit India movement. During the course of time, he become closely associated with leaders like  Jawaharlal Nehru, Sardar Patel. After Independence, he held several important positions in the government of Maharashtra and in the government of India. Yashwantrao Chavan died of a heart attack on 25 November 1984. The Yashwantrao Chavan National Award constituted by the Yashwantrao Chavan Prathisthan honours individuals and institutions for their outstanding contribution to national integration, and social and economic development.

  The Union Minister for Petroleum and Natural Gas Dharmendra Pradhan handed over the Seven Croreth LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY). The PMUY was launched by the Prime Minister Narendra Modi on 1st May 2016 with an initial target of five crore LPG connections, which was later revised upward to eight crores connections.
Pradhan Mantri Ujjwala Yojana Pradhan Mantri Ujjwala Yojana (PMUY) aims to safeguard the health of women & children by providing them with a clean cooking fuel – LPG, so that they don’t have to compromise their health in smoky kitchens or wander in unsafe areas collecting firewood. Under this scheme, LPG connections will be provided to BPL families with a support of Rs.1600 per connection. The connection is provided in the name of the adult women of the family. Further, an option is provided to provide a loan at zero interest to bear the cost of the cooking stove and first refill which has to be paid by the beneficiary. Some of the significant achievements of the scheme are:
  • 7 crore LPG connections have been distributed over a span of 34 months. This comes down to around nearly 69 thousand connections are being released per day.
  • 82 per cent PMUY beneficiaries are going for refilling their cylinder and average refilling is about 6.5 cylinders per beneficiary.
  • About 42 per cent of the total beneficiaries belong to the SCs and STs.
  • World Health Organisation (WHO) has acknowledged the PMUY as ne of decisive interventions by the Indian government to address the indoor air pollution which accounts for nearly 10 lakh (1 million) deaths every year across India.
Intitailly the beneficiaries under the scheme were identified through socio economic caste census, now all the poor of the country are now eligible to get PMUY connection. Further to give a fillip to the scheme 6800 new distributorships were given to strengthen rural LPG supply chain.

 The World Bank, Government of India and representatives from the states of Karnataka, Kerala, Odisha, Tamil Nadu and Uttarakhand signed Loan Agreement for additional financing of $137 Million for the Dam Rehabilitation and Improvement Project (DRIP) that will help rehabilitate and modernize over 220 selected large dams. This additional funding of $137 million will be used for the construction of an additional spillway for Hirakud Dam in Odisha and in rehabilitation and improvement of other dams including strengthening the institutional, legal and technical framework for dam safety assurance within the Government of India and in the participating States.
Dam Rehabilitation and Improvement Project Ministry of Water Resources, River Development & Ganga Rejuvenation through Central Water Commission with an objective to improve safety and operational performance dams, along with institutional strengthening with system-wide management approach, embarked upon the six-year Dam Rehabilitation and Improvement Project (DRIP) in 2012 with World Bank assistance at a cost of INR 2100 Crore (US$M 437.5). In India Rainfall occurs mainly in intense and unpredictable downpours within short monsoon seasons, is of high temporal and spatial variability and does not meet year-round irrigation and other water demands. Hence storage of water is essential for India and the dams play a key role in fostering rapid and sustained agricultural and rural growth and development. These dams benefit millions of people and therefore needs to be strengthened with more investment in their operations and maintenance. Dam Rehabilitation and Improvement Project act as a “lighthouse” showcasing how best to make dams fully operational and safe in a technically sound and sustainable manner.

 Lok Sabha 2019 elections start from April 11, in seven phases, says Election Commission. Code of Conduct for parties kicks in from 10th March and there are close to 90 crore eligible voters. Date of counting will be on the 23rd of May 2019.
Schedule of Lok Sabha polls-
  • Phase one – 11th April 2019
  • Phase two – 18th April 2019
  • Phase three – 23rd April 2019
  • Phase four – 29th April 2019
  • Phase five – 06th May 2019
  • Phase six – 12th May 2019
  • Phase seven – 19th May 2019
  • Date of counting- 23rd May 2019
Source-Live Mint


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