Current Affairs

  G.R. Karthikeyan, father of India’s first Formula One driver Narain Karthikeyan,was honored with the Lifetime Achievement award at the FMSCI annual awards function. FIA president Jean Todt was the chief guest and handed over the awards.
Source- The Hindu

 President Ram Nath Kovind conferred the Gandhi Peace Prize for 2015, 16, 17 and 18 at a function in Rashtrapati Bhavan, New Delhi. The award comprises a cash award of one crore rupees, a citation in a scroll, a plaque and a traditional handicraft item.
Here are the awardees that were facilitated at the occasion:
  • For 2015: Vivekananda Kendra, Kanyakumari was given the award for its contribution in Rural Development, Education and Development of natural resources.
  • For 2016: Jointly to Akshaya Patra Foundation for its contribution in providing mid-day meals to millions of children across India and Sulabh International for its contribution in improving the condition of sanitation in India and emancipation of manual scavengers.
  • For 2017: Ekal Abhiyan Trust for its contribution in providing Education for Rural and Tribal Children in remote areas pan India, Rural Empowerment, Gender, and Social Equality.
  • For 2018: Japan’s Yohei Sasakawa for his contribution in Leprosy Eradication in India and across the world.
Source- Press Information Bureau (PIB)

  Under its diversification programme, FCI Aravali Gypsum and Minerals India Limited (FAGMIL) has taken up a project to establish a white cement plant near village Nohra Dhar in Himachal Pradesh, at a project cost of approximately Rs. 605 crores. It will be the 4th white cement plant in the country. The installed capacity of the plant would be 0.3 million tonnes per annum and it will generate the direct employment of approximately150 persons. The plant is expected to be commenced by the year 2022.
Source- Press Information Bureau (PIB)

  Prime Minister Narendra Modi dedicated a new National War Memorial, situated in the India Gate complex in New Delhi, to the nation. He lit the flame positioned at the bottom of the stone obelisk to pay homage to the soldiers who died in the line of duty. The National War Memorial, spread over 40 acres in the India Gate complex behind the canopy, is dedicated to soldiers killed during the Indo-China War in 1962, Indo-Pak Wars in 1947, 1965 and 1971, Indian Peace Keeping Force Operations in Sri Lanka and in the Kargil Conflict in 1999, and also those in the UN peacekeeping missions.
Source- Press Information Bureau (PIB)

  Thailand and the United States hosted the annual Cobra Gold military exercise, the biggest activity of its type in the Asia-Pacific region with 29 nations taking part as participants or observers. Apart from the 2 countries, 7 countries who participated in the exercise were India, Singapore, Japan, China, Indonesia, Malaysia and South Korea. The Indian Army participated in the military training exercise with a 14-member contingent. India participated in this exercise for the first time in the ‘Observer Plus’category in 2016 alongside China.
Source: The Diplomat

  US President Donald Trump signed Space Policy Directive-4 (SPD-4), ordering the Pentagon to establish the Space Force as the 6th branch of the United States military, to go along with the Army, Navy, Air Force, Marines, and Coast Guard, in order to secure and extend American dominance of the space domain.
Donald Trump signs SPD-4 to create US Space Force SPD-4, as the name suggests, is Mr. Trump’s 4th space policy directive. The initial 3 were:
  • SPD-1– Directed NASA to get humans back to the Moon as a stepping-stone to Mars.
  • SPD-2– Streamlined regulations for the commercial space sector.
  • SPD-3– Dealt with space traffic management.
Source: Space.Com

  External Affairs Minister Sushma Swaraj has been invited to deliver an address at the Organisation of Islamic Cooperation (OIC) in Abu Dhabi. This is the first time that a leader of the non-Muslim country has been invited to the OIC conference. Ms Swaraj will be the Guest of Honour and address the inaugural plenary of the 46th Session of the Council of Foreign Ministers of OIC on the 1st and 2nd of March.
Source- Press Information Bureau (PIB)

  World Bank, United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), and Small Industries Development Bank of India (SIDBI) launched new social impact bonds exclusively for women, called Women’s Livelihood Bonds (WLBs), with an initial corpus of Rs 300 crore. It will enable individual women entrepreneurs in sectors like food processing, agriculture, services, and small units to borrow around Rs 50,000 to Rs 3 lakh at an annual interest rate of around 13% to 14% or less and have a tenure of 5 years. They will be unsecured, unlisted bonds and offer a fixed coupon rate of 3% per annum to bond investors.
Source: The Hindu Business Line

  Zimbabwe started to trade its new currency, the RTGS dollar, two days after the central bank announced measures to try and resolve a chronic monetary crisis. The bank unveiled a foreign exchange trading system that effectively devalued its quasi-currency, the bond note, which was officially pegged at parity with the US dollar. The new currency replaces electronic bank savings called digital dollars and the bond notes and was named after the real-time gross settlement system that banks use to transfer money between each other.
Source- The Tribune

  The Asian Hockey Federation has honored Indian skipper Manpreet Singh with the 2018 Player of the Year award. Women team’s striker Lalremsiami has bagged the Rising Player of The Year prize. Manpreet led the Indian team to an unbeaten streak at the Asian Champions Trophy in Muscat where the team was declared joint winners with Pakistan. He also contributed to the team’s silver medal win at the FIH Champions Trophy in Breda.
Source- News on AIR


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