Top Current Affairs of the day: 01 March 2019

Last Updated: March 1, 2019

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Top Current Affairs of the day: 01 March 2019
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  • Tik Tok to pay a penalty of USD 5.7 million to U.S. FTC

    March 1, 2019
    TikTok, the fast-growing, Chinese-owned video sharing network, agreed to pay a penalty of $5.7 million to U.S. authorities to settle charges that it illegally collected personal information from children.
    The U.S. Federal Trade Commission (FTC) said the penalty by the social network was the largest ever in a children’s privacy investigation. The company required users to provide an email address, phone number, user name, first and last name, a short biography, and a profile... Read More

    India-Bangladesh joint military exercise 'Sampriti 2019' will be held in Tangail

    March 1, 2019
    Exercise Sampriti 2019 will be held from 2nd March to 15th March at Tangail in Bangladesh. It will be the eighth edition of the exercise which is hosted alternately by both countries. Joint Exercise ‘Sampriti 2019’ was first held in Assam in 2011.
    Category: Defence

    ADIA to invest USD 500 million in Kotak fund

    March 1, 2019
    Abu Dhabi Investment Authority (ADIA) has committed $500 million to a fund that will be managed by Kotak Investment Advisors Limited. It will target a range of Non-Performing Loan (NPL) opportunities in India.
    Kotak Special Situations Fund would target both pre-stress and distressed opportunities with a key focus on providing financial support to pre-stress businesses to prevent them from entering insolvency.  Institutional investors can play an important role in building a successful... Read More
    Category: Banking & Finance

    Russia offers to help mediate between India and Pakistan

    March 1, 2019
    Russian Foreign Ministry spokesperson Maria Zakharova announced that, Russia is ready to mediate between India and Pakistan to defuse the recent tensions between the two countries. Russia has particularly close relations with India which buys large quantities of Russian military equipment and its relationship with Pakistan has warmed in recent years.
    Category: International

    Cabinet approves Jammu and Kashmir Reservation Amendment Ordinance, 2019

    March 1, 2019
    The Cabinet has also approved amendment to the Constitution (Application to Jammu and Kashmir) order 1954 by the way of Constitution (Application to Jammu & Kashmir) amendment order, 2019. This will provide 10 per cent reservation for economically weaker sections (EWS), which includes Scheduled Castes (SC), Schedule Tribes (ST), in educational institutions and government job in addition to the existing reservation in Jammu and Kashmir.

    Cabinet approved the National Mineral Policy 2019 on 28th February

    March 1, 2019
    The Union Cabinet approved the National Mineral Policy 2019 on 28th February 2019. The policy is aimed at bringing about more effective regulation to the sector as well as a more sustainable approach while addressing the issues of those affected by mining. The policy will also provide a more effective, meaningful and implementable policy that brings in further transparency, better regulation, and enforcement, balanced social and economic growth as well as sustainable mining practices.
    It... Read More
    Category: Bills & Acts

    Union Cabinet approved the National Policy on Software Products

    March 1, 2019
    The Union Cabinet approved the National Policy on Software Products 2019 that aims to help the industry grow at CAGR of 40% to reach $70-80 billion by 2025 while creating employment opportunities for 3.5 million people.
    The policy aims to adopt a shift in strategy so that IT products also contribute equitably and significantly to the industry along with IT services. The government’s initial outlay of Rs.1,500 crore is being planned for various schemes under in policy in the next... Read More
    Category: Indian Affairs

    India and Brunei signed an agreement to exchange information on tax and banking matters

    March 1, 2019
    India and Brunei signed a pact for exchange of Information and Assistance in Collection with respect to taxes in order to curb tax evasion and tax avoidance in New Delhi. This agreement will facilitate both the countries to exchange information, including banking and ownership information for tax purposes and will also avail mutual assistance in collection of tax revenue claims. About Brunei ♦ Capital – Bandar Seri Begawan ♦ Currency – Brunei dollar ♦ Prime... Read More
    Category: Indian Affairs

    India and Sweden intend to increase cooperation on AMR

    March 1, 2019
    Swedish Minister for Health and Social Affairs, Lena Hallengren, who was on a visit to India from 22nd to 25th February 2019, met with Union Health Minister J P Nadda and discussed about Anti-microbial resistance (AMR) which poses a dangerous challenge globally. Anti-microbial drugs, when overused, AMR develops as microorganisms such as bacteria, virus and fungi that become resistant to drugs. India and Sweden signed a Memorandum of Understanding to cooperate in the field of various issues,... Read More
    Category: Indian Affairs

    International Digital Health Symposium inaugurated by Anupriya Patel in New Delhi

    March 1, 2019
    Minister of State for Health and Family Welfare, Smt. Anupriya Patel inaugurated the International Digital Health Symposium and an exhibition on Digital Health as a part of the Symposium at New Delhi, The Discussions on various themes were held including: Futuristic Health Systems Challenges in Health IT Sector Privacy and Security in the Digital Arena Aadhaar and National Health Stack Innovation Ecosystem, Start-ups and AI for Health Digital Health Innovations for... Read More

    MHRD launched STARS scheme on 28th February

    March 1, 2019
    The Union Human Resource Minister Prakash Javadekar launched the STARS scheme on National Science Day that is 28th February.
    STARS is abbreviated as Scheme for Translational and Advanced Research in Science.
    The Ministry has allocated Rs.250 crores for the implementation of the scheme. Under the scheme 500 science projects will be funded whose selection will be made based on competition. Indian Institute of Science (IISC) will be the coordinator of the scheme.
    National Science... Read More
    Category: Schemes

    NITI Aayogpartnered with Adobe to enhance digital literacy

    March 1, 2019
    NITI Aayog's Atal Innovation Mission (AIM) and software major Adobe have signed a Statement of Intent to collaborate on enhancing digital literacy and creativity skills.
    Under the agreement, Adobe would implement the Adobe Digital Disha Programme across 100 schools under Atal Tinkering Labs (ATL) initiative. Teachers and Children across these 100 schools would benefit from the creative learning resources via free access to Adobe Spark premium.
    Atal Tinkering Labs:  ♦... Read More
    Category: Indian Affairs

    The 4th Global Digital Health Partnership Summit held at New Delhi

    March 1, 2019
    The 4th Global Digital Health Partnership Summit being held at New Delhi was inaugurated by the Union Health Minister J P Nadda in the presence of Shri Ravi Shankar Prasad Union Minister of Information Technology.
    The summit provides an opportunity to support governments and health system reformers in improving the health and well-being of their citizens through digital technologies.
    The Global Digital Health Partnership Summit is being hosted by the Ministry of Health and Family... Read More

    CZPDC Bhopal And WZPDC Indore Honoured With Saubhagya Award

    March 1, 2019
    The Central Zone Power Distribution Company (CZPDC), Bhopal and West Zone Power Distribution Company (WZPDC), Indore was conferred with the “Saubhagya Award” under Pradhan Mantri Sahaj Bijli Har Ghar Yojana at the National Conference of Energy Ministers by the Union Minister of State for Energy, R.K. Singh. The award includes a cash prize of Rs 100 crore each.  
    Category: Awards and Honours

    Tamil Nadu is the first State in the country to introduce TAVI

    March 1, 2019
    Tamil Nadu is the first State in the country to introduce Transcatheter Aortic Valve Implantation (TAVI) in the government sector.
    The TAVI was launched at the Tamil Nadu Government Multi Super Speciality Hospital (TNGMSSH), Omandurar Estate, in November 2018.
    Tamil Nadu State government entered into a Memorandum of Understanding with HeartTeam India to perform the procedure for patients at the TNGMSSH.
    The procedure costs Rs.20 lakh to Rs.25 lakh in the private sector, while it is... Read More

    Suresh Raina becomes 1st Indian player to score 8000 runs in T20

    March 1, 2019
    Raina (8001 runs) achieved this feat when he scored 12 runs for Uttar Pradesh against Puducherry in the Syed Mushtaq Ali Trophy match in Delhi. He is the second Indian player to have played 300 T20s after wicketkeeper MS Dhoni. West Indies batsman Chris Gayle tops the chart with 12,298 runs in 369 matches ahead of former New Zealand captain Brendon McCullum (9922 runs in 370 matches).
    Category: Sports

    Singaporean Bank DBS to operate as wholly-owned subsidiary in India from Mar 1

    March 1, 2019
    The RBI approved merger of Singapore-based DBS Bank's Indian unit with its wholly owned local subsidiary, DBS Bank India Ltd. DBS presently operates 12 branches in India as a franchise. DBS was the first bank in India to launch digital-only operations as Digibank in 2016. The wholly-owned subsidiary model allows foreign lenders to be treated as a local bank, removing certain restrictions they face such as those on opening new branches. About DBS Bank: ♦ DBS - Development Bank of... Read More
    Category: Banking & Finance

    HRD Ministry Launches SHREYAS Scheme

    March 1, 2019
    Union Human Resources Development Minister, Shri Prakash Javadekar, launched the “Scheme for Higher Education Youth in Apprenticeship and Skills (SHREYAS)”. Main aim to provide industry apprenticeship opportunities to the general graduates exiting in April 2019 through the National Apprenticeship Promotion Scheme (NAPS) in New Delhi.
    The program will enhance the employability of Indian youth by providing ‘on the job work exposure’ and earning of stipend. SHREYAS... Read More
    Category: Indian Affairs

    Government may offer up to Rs 2.5 lakh subsidy for 60,000 e-cars

    March 1, 2019
    To promote green fuel in India via a Rs 10,000-crore package, government has reportedly proposed a subsidy of up to 2.5 lakh on around 60,000 electric cars in India, whereas hybrid cars may get 20,000 over the next three years. For electric buses, the subsidy would be up to Rs 60 lakh. This subsidy will come into effect in April.
    Category: Indian Affairs

    Punjab govt seeks Rs 412 crore for dam to stop water to Pakistan

    March 1, 2019
    Punjab government has urged the central government to  release Rs 412 crore for the construction of a dam at Makora Pattan on the confluence of Ravi and Ujh rivers in Gurdarpur district by considering it as a national project for stopping India’s river water flow into Pakistan. The construction of the dam at Makora Pattan would stop about 600 cusecs of river water flowing into Pakistan and Punjab could use this water for irrigation purposes. With this project, Punjab government... Read More
    Category: Indian Affairs

    New railway zone, named Southern Coast Railway to be headquartered in Visakhapatnam

    March 1, 2019
    Railway Minister Piyush Goyal announced a new railway zone for Andhra Pradesh. The new railway zone - Southern Coast Railway, which will be headquartered in Visakhapatnam, will be the 18th zone in the country. The new zone will comprise the existing Guntakal, Guntur and Vijayawada divisions that currently fall under the South Central Railway.
    Category: Indian Affairs

    Mahesh Elkunchwar is to receive META Lifetime Achievement Award

    March 1, 2019
    Mahesh Elkunchwar, an eminent Indian playwright, has been chosen for Mahindra Excellence in Theatre Awards (META) Lifetime Achievement Award 2019. The award would be conferred on March 12 during the Mahindra Theater Festival.
    Mahesh Elkunchwar is regarded as one of the progressive playwrights of the country and is critically-acclaimed and widely-known for having experimented with a wide range of drama and is considered a powerful force in both Indian and Marathi theatre scene. He has over... Read More
    Category: Awards and Honours



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