Current Affairs: Daily GK Update 18th March, 2017

Posted byadmin Published On March 18th, 2017 Leave a comment on Current Affairs: Daily GK Update 18th March, 2017

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RBI to print Rs 10 plastic notes

i. RBI has been authorized by Government of India (GOI) to conduct field trials of plastic notes of Rs 10 in five cities across the country viz Kochi, Mysore, Jaipur, Shimla and Bhubaneswar.

ii. The main purpose of introducing plastic note is to extend the life cycle of banknotes. Moreover, Plastic notes are cleaner, lasts longer and are difficult to counterfeit.

Trivendra Rawat elected as Uttarakhand CM

i. Trivendra Singh Rawat, a former Rashtriya Swayamsevak Sangh (RSS) Pracharak elected as Uttarakhand’s 9th Chief Minister after replacing of Harish Rawat.

ii. He is currently the convener of the Modi government’s flagship program for Ganga cleanup, the ‘Namami Gange’ program and also the party in charge in Jharkhand. 

India, Russia sign long-term support pact on Sukhoi Su-30MKI

i. India and Russia have signed two long-term support agreements for the Sukhoi Su-30MKI combat aircraft fleet, of the Indian Air Force (IAF).

ii. Bangalore-headquartered Hindustan Aeronautics Ltd (HAL) with United Aircraft Corporation and United Engine Corporation also signed an agreement for maintenance of other Russian-origin platforms.

Essar group: India’s first private sector township to go cashless

i. The Essar group’s township at Hazira in Surat district of Gujarat has become India’s first private sector township to go cashless.

ii. This will prove to be an important step towards making India a cashless economy.

iii. TMW is a Mumbai-based financial technology company whose wallet is powered by Mumbai-headquartered RBL Bank Ltd.

GST Council Approves SGST & UTGST Draft Bills

i. The Goods and Service Tax (GST) council headed by Finance Minister Arun Jaitley cleared the remaining State GST (SGST) and Union Territory GST (UTGST) draft bills during its 12 Council meeting.

ii. Now with this Council has approved all five draft bills for GST which is likely to be rollout by July 1, 2017.

iii. The UTGST draft law is for the Union Territories like Andaman and Nicobar Islands, Lakshadweep, Daman and Diu and Dadra and Nagar Haveli, which do not have legislative assemblies.

Indian railways signs agreement with Australian research center

i. To support future research and technology development, related to critical infrastructure in India, a railway research center in Australia has entered into an agreement with the Indian Railways.

ii. Dedicated Freight Corridor Corporation of India (DFCCIL), a Special Purpose Vehicle set up under the administrative control of Ministry of Railways, has signed an agreement with representatives from Monash University’s Institute of Railway Technology (IRT), Australia in New Delhi.

iii. Establishment of a new applied research and development institute in India, SRESTHA (Special Railway Establishment for Strategic Technology & Holistic Advancement) will be guided by them.

Sanjauli police post becomes first in India to be linked with CCTNS

i. Sanjauli police station of Sanjauli the main suburb of the city of Shimla, Himachal Pradesh has become the first police post in the country to be linked with Crime and Criminal Tracking Network and Systems (CCTNS), a nationwide online tracking system. Chief minister Virbhadra Singh inaugurated the system.

ii. The system will facilitate people in lodging online/offline complaints, police verification of job applicants, tenants, character verification and migrant labourer registration. 

Kerala gets first private bank: ESAF Small Finance Bank

i. Chief Minister Pinarayi Vijayan launched ESAF (Evangelical Social Action Forum) Small Finance Bank, Kerala’s first private sector bank since the country’s Independence, in Thrissur, Kerala.

ii. R Prabha, former Chairman, Kerala Grameen Bank, is the Chairman of ESAF Small Finance Bank. The Bank will launch a new social deposit scheme ‘Hridaya Deposits’ for HNI and NRI customers.

World Bank approves funding for India’s ambitious National Hydrology Project

i. The World Bank has approved a $175 million loan to India for the National Hydrology Project to improve India’s ability to forecast floods and reduce the recurring chances of floods and droughts.

ii. The loan would be disbursed by the International Bank for Reconstruction and Development (IBRD). The loan has a six-year grace period in which no interest payments will be due and will mature in 23 years.

Social Security Agreement between India and Brazil

i. India and Brazil initialed the text of the Social Security Agreement (SSA) in Brazil.

ii. The SSA between India and Brazil once in force by early 2018 will be the first such agreement between the BRICS countries.

Mallikarjun Kharge becomes next PAC Chairman

i. Former Minister of Inidan Railways Mallikarjun Kharge has been nominated for the post of chairman of the Public’s Account Committee (PAC) of Parliament.

ii. Kharge will take charge from K.V. Thomas on May 1, 2017.

India ranks 148 in 2017 UN Women in Politics Map

i. The Inter-Parliamentary Union (IPU) and UN Women launched the ‘Women in Politics 2017 Map’ in New York.

ii. The Women in Politics 2017 Map is the visual representation of women’s political empowerment in executive government and parliament as on January 1, 2017. 

iii. As per the Map, India ranked 148 out of 193 UN member nations in representing women in the executive government. The theme for 2017 is ‘Women’s Economic Empowerment In The Changing World Of Work’.

iv. Top 5 countries with highest women in parliament: Rwanda, Bolivia, Cuba, Iceland and Nicaragua.

Michael Clarke’s launches his autobiography ‘My Story’

i. Former Australia captain Michael Clarke has launched his autobiography named ‘My Story’ in Kolkata.

ii. This book was triggered by how he was affected by Phil Hughes’ death when India was touring Australia in 2014-15.

  

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