Current Affairs Current Affairs March 2019

  The Delhi government’s Dialogue and Development Commission (DDC), a think-tank that advises the government on key issues, has set up a 17-member high-level committee to “reform higher education” in the capital. The committee will be chaired by DDC vice-chairperson Jasmine Shah. The committee will “recommend goals, metrics, policies, and actionable plans for reforming Delhi’s higher education system within a year”. Nalanda 2.0, a non-profit policy think tank is collaborating with the DDC as the knowledge partner in the initiative.
Source- DD News

  The 4th IoT India Congress, an event which will see digital technology leaders converge to discuss and explore business opportunities in mainstreaming Internet of Things (IoT), will be held in Bengaluru in August 2019.  The IoT India Congress 2019 will include tracks on segments such as healthcare, manufacturing, telecom, smart cities, energy, retail, cybersecurity, skills and development, IoT Standards, legal and regulatory, and agriculture.
Source- Press Information Bureau (PIB)

  HDFC Bank Ltd crossed the Rs6 trillion market capitalization mark for the first time, making it only the third Indian firm—after Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL)—to achieve the milestone. RIL is the most valued company in India with a market cap of Rs8.50 trillion, followed by TCS at Rs7.48 trillion.
Source- The Livemint

  Markets regulator Securities and Exchange Board of India (Sebi) withdrew the 20%limit on investments by Foreign Portfolio Investors in corporate bonds of an entity. The regulator stated that the restriction is being withdrawn in accordance with a circular issued by the Reserve Bank of India (RBI). In June 2018, Sebi had mandated that no Foreign Portfolio Investors (FPIs) shall have an exposure of more than 20% of its corporate bond portfolio to a single corporate.However, the central bank in February 2019 lifted the restriction in view of market feedback.
Source: Economic Times

  After an eight-year-long process, Erode turmeric (of Tamil Nadu) finally got a Geographical Indication (GI) tag from the Geographical Indication Registry. The Erode Manjal Vanigargal Matrum Kidangu Urimaiyalargal Sangham applied for the GI tag in January, 2011, at the office of the Deputy Registrar of GI Registry in Chennai. A Geographical Indication is a name or sign used on certain products that correspond to a specific geographical location or origin. Erode turmeric is a rhizome, both finger and bulb obtained from the Erode local cultivar.
Source- The Hindu

  The new visa agreement between India and Maldives came into force. The new policy provides a liberal visa policy for Maldivian citizens seeking medical treatment as well as education and business opportunities in India. The agreement has come into effect after all formalities including information being provided to all immigration offices, border points and customs authorities have been completed.
Source- The Hindu

 Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina jointly unveiled e-plaques for development projects in Bangladesh through video conferencing. This was the sixth such video conference between PM Modi and Prime Minister Hasina.
Both the leaders launched the e-plaques for these projects in Bangladesh:
  • Supply of buses and trucks,
  • Inauguration of 36 community clinics,
  • Inauguration of 11 water treatment plants,
  • Extension of National Knowledge Network to Bangladesh.
  • Source- DD News

      The Vice President of India, M. Venkaiah Naidu visited the Republic of Paraguay and the Republic of Costa Rica. This was the first high-level visit from India to both these countries. He was accompanied by a high-level delegation including the Minister of State for Tourism (I/C), Alphons Kannanthanam, the Members of Parliament and senior officials from the Government of India.
    Visit To Paraguay:    The Vice President met with the President of the Republic of Paraguay, Mr. Mario Abdo Benítez, the Vice President, Mr. Hugo Velázquez, and the President of the National Congress (Senate), Mr. Silvio Ovelar. He also addressed the India-Paraguay business forum and interacted with the Indian Diaspora in Paraguay.
    Visit To Costa Rica:    The visit of Vice President to the Republic of Costa Rica was the first ever high-level visit from India to the nation. The Vice President met the President of Costa Rica, Mr. Carlos Alvarado Quesada and held Delegation level talks with him which was followed by a joint press statement. The Vice President was also conferred an Honorary Doctorate by the University for Peace founded by the United Nations.
    Source- Press Information Bureau (PIB)

      State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal as part of its effort to promote such industries. Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019).
    Source- The Economic Times

      Dr. A.K. Mohanty, Distinguished Scientist and Director, physics group of the Bhabha Atomic Research Centre (BARC) and Director, Saha Institute of Nuclear Physics, Kolkata took over as Director, BARC from Mr. K.N. Vyas, Chairman, Atomic Energy Commission and Secretary to the Government of India, Department of Atomic Energy. Dr. Mohanty graduated from the 26th batch of the BARC Training School and joined Nuclear Physics Division of Bhabha Atomic Research Centre in 1983. Dr. Mohanty is the recipient of Young Scientists Award of Indian Physical Society (1988), Young Physicist Award by Indian National Science Academy (1991) and Department of Atomic EnergyHomi Bhabha Science & Technology Award (2001).
    Source- Press Information Bureau (PIB)


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