Current Affairs: Daily GK Update 08th March, 2017

Posted byadmin Published On March 8th, 2017 Leave a comment on Current Affairs: Daily GK Update 08th March, 2017

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International Women’s Day being observed

i. International Women’s Day is observed globally on 8th March every year. 

ii. The theme of International Women’s Day (IWD) 2017 campaign is ‘Be Bold For Change’.

iii. It is a global day celebrating the social, economic, cultural and political achievements of women.

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India announces new licensing policy to boost oil output

i. India has announced an Open Acreage Licensing Policy (OALP)  for conducting oil and gas exploration in India. The new OALP policy will allow the bidder to select the exploration areas on their own and carve out areas where they want to drill. 

ii. This will allow pricing and marketing freedom to operators and shifts to a revenue sharing model. 

iii. The auction of oil and gas blocks under the Open Acreage Licensing Policy (OALP) will be conducted twice a year with the first round being held in July 2017.

SBI launches ‘Work from Home’ facility for employees

i. Country’s largest lender State Bank of India launched a new facility to enable its employees to ‘work from home’.

ii. The Board of the bank has recently approved the ‘Work from Home’ policy to enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their traveling to work. 

iii. The lender will be using mobile computing technologies and shall have continuous control over all the enabled devices. 

iv. The use of technology and services shall be monitored through carefully designed Management Information System (MIS) and dashboard to enable improvements and refinements.

International Yoga fest to begin in New Delhi

i. The two-day International Yoga fest will begin in New Delhi. Information and Broadcasting Minister Venkaiah Naidu will inaugurate the fest at Talkatora stadium.

ii. More than 3,500 participants including eminent yoga gurus, yoga masters, scholars, policy makers and representatives from 15-18 countries will participate in this mega event.

 iii. It will comprise parallel yoga workshop, lectures, Satsang, cultural programmes and yoga demos. 

 Indo-Nepal joint Military exercise begins

i. A joint military exercise ‘Surya Kiran-XI‘ between India and Nepal begins in Pithoragarh area of Uttarakhand.This is a battalion level joint exercise between the two armies. 

ii. The two-week long exercise is aimed at training of both the troops in the area of various counter-insurgency operations over a prolonged period.

iii. It will also focus on other important aspects such as humanitarian assistance and disaster relief operations and environmental conservation. The Surya Kiran series of exercises are being conducted biannually, alternatively in India and Nepal.

Hyderabad airport ranks 1st in the world in airport service quality

i. GMR group led Rajiv Gandhi Hyderabad International Airport has secured first position in the world in the prestigious Airports Council International (ACI) Airport Service Quality (ASQ) survey in the 5-15 million passengers per annum (MPPA) category for the year 2016.

ii. The survey shows that Hyderabad Airport has steadily improved its score from 4.4 in 2009 to 4.9 in 2016, according to a GMR’s Hyderabad International Airport limited (GHIAL). 

iii. Besides, the Indira Gandhi International Airport (IGIA) in Delhi has been ranked world’s second best airport in the category of passenger handling capacity of more than 40 million passengers annually.

CBSE introduces Exam Locator app to help students

i. The Central Board of Secondary Education (CBSE) has introduced a mobile application to help students appearing for class 10th and 12th examinations to locate their exam centres.

ii. The App named ‘Exam Locator’, will help students to quickly know the exam center on the basis of their roll number. According to the CBSE, a student can easily find the address, images and geolocation of the designated centre on the map.

First smart tribal village inaugurated in Jammu and Kashmir

i. Jammu and Kashmir Minister for Food, Civil Supplies, and Consumer Affairs Chowdhary Zulfkar Ali inaugurated the first smart tribal model village ‘Habbi’ in Rajouri district of Jammu and Kashmir.

ii. The Rural Development Department has introduced smart classes in schools, better roads, electricity, and water facility in the village.

MakeMyTrip, PayPal partner for hotel bookings

i. Payments platform PayPal announced an extension of its merchant partnership with MakeMyTrip, Indian online travel booking company, to facilitate hotel and holidays booking in addition to airline tickets.

ii. The partnership with MakeMyTrip will help foreign tourists continue to enjoy the seamless and secure PayPal experience to book hotels and holiday packages and tide through the recent challenges they are facing post the demonetization of select Indian currencies.

HC declares Manipur economic blockade ‘illegal’

i. The High Court of Manipur declared the economic blockade in Manipur called by United Naga Council (UNC) as illegal.

ii. The order was passed by a bench of three judges Chief Justice R R Prasad, Justice N Kotiswar Singh and Justice Kh Nobin Singh on public interest litigation.

China overtakes eurozone as world’s biggest bank system

i. China’s banking system has overtaken the eurozone to become the world’s biggest by assets.

ii. Statistics show Chinese bank assets hit $33 trillion at the end of 2016, versus $31 trillion for the eurozone. US assets stood at $16 trillion and the Japanese at $7 trillion.

iii. The value of China’s banking system is more than 3.1 times the size of the country’s annual economic output, compared with 2.8 times for the eurozone and its banks.

Fitch Estimates Indian Economy to Grow 7.1% in 2016-17

i. Global rating agency Fitch stated that Indian economy will grow by 7.1% in the current fiscal, 2016-2017 before stepping up to 7.7% in the next two financial years.

ii. The US-based agency, however, termed the 7% GDP growth for the October-December, 2016 quarter as surprising, a tad lower than 7.4% in the previous quarter. 

Aishwarya Rai Bachchan wins best actress award

i. The actor Aishwarya Rai Bachchan who played the character of Sarabjit Singh’s sister Dalbir Kaur, has won the Best Actress award for Sarabjit at the International Film Festival and Awards of Australia (IFFAA).

SERB Fellowship Award To Lalji Singh

i. Former director of Centre for Cellular and Molecular Biology (CCMB) Lalji Singh has been selected for ‘SERB Distinguished Fellow’ award by the Science and Engineering Research Board (SERB) to support his research. 

ii. The award carries an amount of Rs.60,000 per month and a research grant of Rs.5 lakh a year for three years extendable by two years.

Bengal’s Popular Folk Singer Kalikaprasad Bhattarcharya Dies

i. Popular Bengali folk music singer Kalika Prasad Bhattacharya died in a road accident at Palsit in West Bengal. He was 47.

ii. The folk singer voiced in films like Jaatishwar (2014), Moner Manush (2010) and Bhuban Majhi (2017).

Cuevas wins third Brasil Open tennis title

i. Uruguay’s Pablo Cuevas won his third consecutive Brasil Open title by beating Spain’s Albert Ramos-Vinolas in a final.

ii. The world No. 33 quickly took control, winning the second set 6-4 and then taking the third by the same score against the second-seeded Spaniard who is ranked 24th. 

iii. Doubles Men’s Category: Winners– Rogério Dutra Silva (Brazil) and André Sá (Brazil), Runner Up- Marcus Daniell (New Zealand) and Marcelo Demoliner (Brazil).

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