NATIONAL NEWS
Regional Maritime Safety Conference 2019 held in Mumbai
Safeguarding the shores and promoting India-Asean trade along the sea route would be the theme for the country’s maiden ‘Regional Maritime-Safety Conference’ in Mumbai. The inaugural edition is being organised by the National Maritime Foundation (NMF) in coordination with the Ministry of Shipping and the Ministry of External Affairs.
National Conference on Logistics Policy held in New Delhi
The“National Conference on Logistics Policy: Context, Issues & The Way Forward”was held in New Delhi. Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, addressed the first stakeholder consultation on the draft logistics policy prepared by the Department of Logistics of the Ministry of Commerce & Industry.
- He also launched the SAFAR Mobile App, on this occasion. The app is available in 8 languages.
Odisha cabinet approves 'Khushi' to provide free sanitary napkins
The Odisha cabinet approved Khushi scheme to provide free sanitary napkins to school girls across the state. The government has decided to spend Rs 466.08 crore in 5 years to improve menstrual hygiene among adolescent girl students of the state.
- Under the scheme, the state will provide free sanitary napkins to 17.25 lakh girls studying in Classes 6 to 12 in government and government-aided schools, Kendriya Vidyalayas and Jawaharlal Navodaya Vidyalayas located in the state.
First Mega Food Park of Tripura inaugurated in Agartala
Union Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti inaugurated Sikaria Mega Food Park Pvt Ltd at Village Tulakona in Agartala. This is the 17th Mega Food Park in the country and first in the state of Tripura. The Mega Food Park has been set up in 50 acres of land at the cost of Rs. 87.45 crore.
- The Ministry of Food Processing is implementing Mega Food Park Scheme to give a major boost to the food processing sector by adding value and reducing food wastage at each stage of the supply chain with a particular focus on perishables. The government of India provides financial assistance up to Rs. 50.00 Crore per Mega Food Park project.
Smriti Irani launches Integrated Large Scale Eri Farming in Arunachal Pradesh under NERTPS
Union Textiles Minister Smriti Irani launched the Integrated Large Scale Eri Farming in Arunachal Pradesh under North East Region Textile Promotion Scheme (NERTPS) in Itanagar. Initially, the Project will cover five districts of the state, that are: Papumpare, East Kameng, Siang, East Siang and West Siang.
- While launching the centrally funded Scheme for Eri silk Farming, Union Textiles Minister said that about one thousand acres land will be covered for Eri Farming in the chosen districts of the state. Government has decided to provide financial assistance to 4000 beneficiaries under NERTPS.
PV Sindhu becomes first woman to co-pilot Made-In-India Tejas
Ace shuttler PV Sindhu flew in Made-in-India Light Combat Aircraft (LCA) Tejas at the Aero India air show being held in Bengaluru. The combat jet's trainer version was piloted by Group Captain Siddharth Singh, while Sindhu was the co-pilot in the tandem-seater cockpit. Sindhu is the first woman to fly in a Tejas aircraft.
INTERNATIONAL NEWS
World's largest bee spotted the first time since 1981
A team of researchers spotted the world's giant bee which is as big as a human thumb, in Indonesia for the first time since 1981. The team has spent years studying the bee and slogged around in humid Indonesia forests for days before stumbling upon one.
- The International Union for Conservation of Nature classifies this species as "vulnerable" due to mining and quarrying.
BANKING & FINANCE
RBI forms new NBFCs' category by merging 3 to ease operational flexibility
The Reserve Bank of India (RBI) has merged 3 categories of NBFCs- asset finance, loan companies and investment companies into one new category called NBFC-investment and credit company (NBFC-ICC) to ease operational flexibility of these institutions.
- Also, the central bank has capped the investment limit of deposit-taking NBFC–ICC in any other company to 20 per cent of its owned fund. However, no limit has been assigned as to how much this category of NBFC can invest in its own subsidiary.
Merger of Vijaya Bank and Dena Bank with Bank of Baroda to be effective from April 1
Bank of Baroda said the merger of Dena Bank and Vijaya Bank with itself would be effective from April 1 as per the scheme of amalgamation approved by the government. Besides, the board of the bank fixed March 11, 2019, as record date for issuing and allotting equity shares of the Bank of Baroda to the Shareholders of Vijaya Bank and Dena Bank.
- This scheme may be called the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. In case of Dena Bank, its shareholders will get 110 shares for every 1,000 shares of BoB.
Srei Equipment, Syndicate Bank to jointly provide equipment financing under co-lending arrangement
Srei Equipment Finance, a wholly owned subsidiary of Srei Infrastructure Finance, has tied up with state-owned Syndicate Bank to jointly provide financing for construction and farm equipment.
- Under the arrangement, Syndicate Bank would leverage on its low-cost funds and co-lend equipment loans with Srei at a mutually agreed rate. The arrangement had been done under the aegis of Reserve Bank of India.
BUSINESS & ECONOMY
JioSaavn only Indian company to make it to '50 Most Innovative Companies' list
India-based global audio and music streaming service JioSaavn announced that it has secured the first rank India-wise and 28th rank globally in the 2019 list of "50 Most Innovative Companies". JioSaavn is the only Indian company that made it to the list, published by US-based business publication Fast Company.
- The other domestic companies that ranked top on the India list of "Most Innovative Companies" include branded budget hotel marketplace OYO, biodegradable sanitary pad manufacturers Sathi and ride-hailing service Ola.
CBDT sets up panel to reduce litigation at appellate forums
The Central Board of Direct Taxes (CBDT) has constituted a six-member committee to recommend steps to reduce litigation before the appellate forums of Commissioner of Income Tax (Appeals) and the Income-Tax Appellate Tribunal (ITAT). The panel will have to submit its report within eight weeks.
- The committee has been asked to give its recommendations for different income groups and separately for corporate and non-corporate assesses.
SPORTS
Apurvi wins gold at shooting World Cup
Apurvi Chandela won the first gold for India at the ISSF World Cup by finishing on top of the women's 10 metre Air Rifle category in New Delhi. She also set a new world record with 252.9 points on the way to the title. Apurvi, who had booked a quota place for the 2020 Olympics last year, thus bagged her third individual medal at a World Cup.
- The Chinese took home both the silver and bronze medals. Zhao Ruozhu finished second while her compatriot Xu Hong had to settle for the third spot.
Australian woman cricketer sets Guinness World Record for highest catch
Australia Women wicketkeeper Alyssa Healy has set the Guinness World Record for the highest catch of a cricket ball. The 28-year-old broke the previous record (62 metre) by catching the ball released by a drone at 65.2 metre. She then caught the ball dropped from a distance of 72.3 metre before setting the new world record at 82.5 metre.
APPOINTMENTS
India's Mushtaque Ahmad elected as Vice-President of AHF
India's Mohd Mushtaque Ahmad and Asima Ali were elected as the Vice-President and Executive Committee member of the Asian Hockey Federation (AHF) for a four-year term in Gifu, Japan. Mushtaque Ahmad is currently serving as the President of Hockey India, while Ali is the Vice-President of the national federation.
- Besides Ali, Mushtaque Ahmad too have now become a member of the AHF executive board.
AWARDS
Divya Karnad first Indian woman to receive Future of Nature award for marine conservation
Dr Divya Karnad has become the second Indian and the first woman to receive the 'Global Future of Nature Award' for her work on marine conservation. The only other Indian to receive the award is Dr Charudutt Mishra. The award is given to three people each year and this year apart from Karnad, Olivier Nsengimana and Fernanda Abra also received it.
- The 'Future For Nature Award' is a prestigious international award that celebrates tangible achievements in protecting wild animal and plant species.
OBITUARIES
Veteran Telugu filmmaker Kodi Ramakrishna passes away
Well-known Telugu filmmaker Kodi Ramakrishna, best known for directing memorable films such as "Ankusam","Ammoru" and "Arundhati" among others passed away in Hyderabad. Ramakrishna made his directorial debut with 1982 Telugu romantic comedy "Intlo Ramayya Veedhilo Krishnayya" with megastar Chiranjeevi.
- Having predominantly directed films in Telugu, Ramakrishna also made films in Kannada and Tamil.
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