Current Affairs

  Homegrown e-commerce giant Flipkart has forged a strategic partnership with online travel company MakeMyTrip to offer travel services on its platform. Additionally, the services of MakeMyTrip's other brands, Goibibo and redBus, will be available to Flipkart consumers as part of the deal.
Source- The Indian Express

 Subrata Bhattacharjee has been appointed as the next Ambassador of India to the Republic of Serbia. He is an IFS poffice of 1989 batch. He is currently Joint Secretary in Ministry of External Affairs.
Source- News 18

 SBI Life Insurance has appointed Sanjeev Nautiyal as its new Managing Director and CEO. He replaces Arijit Basu, who takes over a key role in the State Bank of India Group. Nautiyal started his career with State Bank of India in 1985 as a probationary officer in the bank’s Lucknow Circle.
Source- The Hindu Business Line 

 Assam Health and Education Minister Himanta Biswa Sarma was unanimously elected the Badminton Association of India (BAI) President during its annual general body meeting in Goa. Ajay Kumar Singhania was elected the Secretary General of BAI. Mr Sarma had taken over as the interim BAI President in 2017 after the demise of Akhilesh Das Gupta. He will serve for four years.
Source- News 18

  The Turkish Atomic Energy Authority (TAEK) was awarded a construction licence for Akkuyu NPP, Turkey's first nuclear power plant, which is being built in Mersin province, in southern Turkey. JSC Akkuyu Nuklear is the Russian-owned company which is responsible for the project. The USD20 billion project to build the four-unit, 4800 MWe plant is part of Erdogan's '2023 Vision' marking 100 years since the founding of modern Turkey and is intended to reduce the country's dependence on energy imports. The plant is expected to meet about 10% of Turkey's electricity needs. 
Source- The Reuters

 On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0%. Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25%. India’s real gross domestic product (GDP) growth marginally upward to 6.6% from 6.5% in the first advance estimates. GDP growth in 2017-18 at 6.6 percent was lower than 7.1% in 2016-17.
Retail inflation, measured by the year-on-year change in the CPI, fell from a high of 5.1% in January to 4.4% in February due to a decline in inflation in food and fuel. CPI inflation excluding food and fuel remained unchanged at 5.2% for the third consecutive month in February, after rising from its trough in June 2017. 
Source- The RBI

 Weightlifter and current world champion Mirabai Chanu has clinched India’s first gold medal of the 2018 Commonwealth Games. Mirabai Chanu becomes the first Indian to win a gold medal at the Commonwealth Games 2018. After finishing with the best lift of 86 kg in the snatch round, the 23-year-old finished with a total score of 196 points. Chanu is competing in the 48 kg category. The 23-year-old also set Commonwealth Games records in both Snatch (86 kg) and Clean and Jerk (110 kg) categories.
Source- The Quint

 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the Protection of Human Rights (Amendments) Bill, 2018 for better protection and promotion of human rights in the country.
Salient Features of the Bill are as follows:
  • 1. It proposes to include “National Commission for Protection of Child Rights” as deemed Member of the Commission;
  • 2. It proposes to add a woman Member in the composition of the Commission;
  • 3. It proposes to enlarge the scope of eligibility and scope of selection of Chairperson, National Human Rights Commission as well as the State Human Rights Commission; and
  • 4. It proposes to incorporate a mechanism to look after the cases of human rights violation in the Union Territories.
  • 5. It proposes to amend the term of office of Chairperson and Members of National Human Rights Commission and State Human Rights Commission to make it in consonance with the terms of Chairperson and Members of other Commissions.
Source- Press Information Bureau (PIB)

 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
The Cabinet has approved-
  • 1. Cooperation Arrangement between India and Afghanistan for cooperation in the field of food safety and related areas,
  • 2. MoU between India and Iran on the establishment of an expert group on trade remedy measures,
  • 3. Cabinet apprised of MoU between India and Canada to foster cross-border partnerships focused on research excellence and industry-academic collaboration,
  • 4. Closure of loss-making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE)- Decision taken in view of the continuous poor physical and financial performance of the company for more than 10 years combined with low probability of its revival in the future,
  • 5. Cabinet apprised of MoU between India and United Arab Emirates on Technical Cooperation in Rail Sector,
  • 6. Demerger and transfer of surplus land from Tata Communications Limited (TCL) to Hemisphere Properties India Ltd. (HPIL),
  • 7. Rightsizing the Competition Commission of India- from 1 Chairperson and 6 Members (totalling seven) to 1 Chairperson and 3 Members (totalling four) by not filling the existing vacancies of two Members and one more additional vacancy.
  • 8. The Protection of Human Rights (Amendments) Bill, 2018.
Source- Press Information Bureau (PIB)

 External Affairs Minister Sushma Swaraj has begun her three-day visit to Azerbaijan to participate in the Mid-Term Ministerial Meeting of the Non-Aligned Movement (NAM). Ms Swaraj held bilateral consultations with the Foreign Minister of Azerbaijan, Elmar Mammadyarov. Ms Swaraj will attend the Mid-Term Ministerial Meeting of NAM in Baku. The two sides will discuss bilateral, regional and global issues of mutual interest.
Source- DD News



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