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Current Affairs 14th March 2018

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Krishi Unnati Mela 2018 is being organized between March 16 and March 18, 2018 at Mela ground, IARI, Pusa, New Delhi

Likewise, the Krishi Unnati Mela 2018 is being organized between March 16 and March 18, 2018 at Mela ground, IARI, Pusa, New Delhi. Lakhs of farmers are expected to attend the mela. Krishi Vigyan Kendras (KVKs), State Agriculture Universities (SAUs), state agriculture/horticulture departments, entrepreneurs, private agencies involved in agriculture will also participate in the mela.


Mobile based Application “ASHTRACK” to help Fly Ash Users & Power Plants

For the better management of  fly ash waste from thermal power plants across country, Government has reduced the GST rates on fly ash and its products to 5%. Further, to facilitate 100% ash utilization by all coal based thermal power plants, a web portal for monitoring of fly ash generation and utilization data of Thermal Power Plants and a mobile based application titled “ASHTRACK” has been launched that will help to establish a link between fly ash users and power plants executives for obtaining fly ash for its use in various areas.


Department of Consumers Affairs to Celebrate World Consumer Rights Day,Theme “Making Digital Market places Fairer”

The Department of Consumer Affairs is celebrating the World Consumer Rights Day this year with the theme “Making Digital Marketplaces Fairer” in New Delhi on 15th March 2018. The programme will be inaugurated by Shri Ram Vilas Paswan, Union Minister of Consumer Affairs, Food and Public Distribution and will be graced by Shri CR Chaudhary, Minister of State for Consumer affairsFood & Public Distribution and Commerce. The Theme speaker on the occasion will be ShriGulshanRai  who is Chief security Information adviser in PMO. The event will be attended by Ministers and Secretaries in charge of Consumer Affairs in the States, Secretaries in Central Ministries and Regulators,Members of Parliament, members of CCPC,Officers in the Central Government, and representatives from Industry, Media  and Voluntary Consumer Organisations.High on the agenda of the event will be the discussion on the theme “Making Digital Market places Fairer” which has become an important issue debated in international fora currently.


Ministry of Minority Affairs implements various schemes for pursuing higher research and institutions of National importance for minority students

The Ministry of Minority Affairs implements various schemes for pursuing higher research and institutions of National importance for minority students, though there is no specific skill scheme for minority youth to facilitate their entry into the areas of higher research and institutions of national importance.

The Merit-cum-Means Scholarship Scheme is awarded for pursuing professional and technical courses, at under-graduate and post-graduate levels, in institutions recognized by the appropriate authority. Under the scheme, 30% of these scholarships are earmarked for girl students. To be eligible, students should not have annual family income more than Rs.2.50 lakh and he/she should have secured minimum 50% marks in previous class.  Similarly, the objective of the Maulana Azad National Fellowship is to provide integrated five year fellowships in the form of financial assistance to students from minority communities to pursue higher studies such as M.Phil and Ph.D. To be eligible, the annual income of the family from all sources should not exceed Rs.2.50 lakh.


In a first, MCX to launch futures trading in brass

MCX, the country’s largest commodity exchange, will launch futures trading in brass for first time in the world at an event on March 21, and will go live on trading from March 26.

Brass will be the first non-ferrous contract with compulsory delivery options – the IS-319 grade brass ingots and billets can be delivered at Jamnagar in Gujarat.


AwesomeChef launches DIY health meal kits

With rising instances of non-communicable diseases and health-conscious customers, food start-up AwesomeChef is seeing huge potential for its do-it-yourself (DIY) Nutribowl health meal kits.

The meal kits do not contain processed food, rice or wheat. They contain fresh ingredients measured for one person along with the recipe. All you need to do is follow the instructions and cook the meal.


Suzlon installs ‘largest’ wind turbine generator

Suzlon Group has announced installing the largest wind turbine generator ever manufactured in India with rotor diameter of 128 metres.

The S128 wind turbine generator (WTG) is being offered in 2.6 MW to 2.8 MW variants and offers hub heights up to 140 metres.


Isobar Group launches e-comm practice in India

Isobar, part of the Dentsu Aegis Network, has launched an e-commerce practice in India. Last year, it had launched a global practice.

“We are combining the strengths of three agencies in the Isobar Group,” Shamsuddin Jasani, Managing Director, Isobar India, told BusinessLine . “We have Isobar India, Fractal Ink Design Studio, which specialises in user experience, user interface design and digital design strategy services, as well as Isobar Commerce, which has some awesome development capabilities specific for e-commerce clients.”


India will eliminate TB by 2025: Modi

Prime Minister Narendra Modi on Tuesday said India will fully eliminate tuberculosis by 2025, a good five years ahead of the global deadline of 2030, and has already started working towards achieving this goal.

India is also implementing the National Strategic Plan for TB elimination that is backed by Rs. 12,000 crore in funding for the next three years to ensure every TB patient in the country has access to quality diagnosis, treatment and support, Modi said.


GDP to grow 6.8-6.9% in 2018, says Deloitte

Sounding an optimistic note for the economy after disruptions from note-ban and the Goods and Services Tax, a Deloitte report on Tuesday said India will resume its status as one of the fastest growing economies in 2018.

The report has pegged India’s growth at 6.8-6.9 per cent in 2018, adding that it will be driven by private consumption by both rural and urban areas.


Kochi to host BusinessLine, MCX Agri Conclave

BusinessLine , in association with commodity bourse Multi Commodity Exchange of India, is organising the Agri Conclave 2018 on Thursday, March 15, in Kochi.

Key stakeholders of the physical pepper and cardamom market — producers, traders, exporters and industry bodies — will discuss the changing dynamics of business at the event.


TN in pact with Australia on seafood, road safety

The Tamil Nadu government signed two MoUs with the Australian government to improve seafood production and to strengthen road safety and management.

As per the MoU signed with the Australian Trade and Investment Commission to improve seafood production, Australian experts will share best practices, technology, research and methodology. The idea is to increase seafood production through sustainable means and maintaining international standard to increase exports.


Telangana, Kay Ventures tie up for apparel hub

The Telangana government is setting up a Rs. 100-crore Apparel Super Hub in Sircilla. It signed a memorandum of understanding with Kay Ventures to roll out the project.

To be set up on 20 acres, the hub will be completed in three phases. The first phase will be taken up with an investment of Rs. 30 crore in a year. While the State government will infuse 90 per cent of the phase-1 funds, Kay Ventures and its associates will take care of the balance amount.


Corp Bank EGM nod for capital infusion

The extraordinary general meeting (EGM) of shareholders of Corporation Bank has approved a special resolution to issue equity shares on preferential basis to the Centre. This will help the government infuse up to Rs. 2,187 crore into the bank. The bank informed the stock exchanges that the EGM of shareholders on Tuesday approved a special resolution to issue 51,84,92,176 equity shares at an issue price of Rs. 42.18 per share to the government on preferential basis.


AP govt, Belfrics Global sign MoU to develop start-ups

Belfrics Global, one of the growing block chain development start-ups in India, on Wednesday announced that it had signed an MoU with the Andhra Pradesh government. The MoU will pave the way for developing Andhra Pradesh as the fintech hub of the country. Belfrics Global will develop block chain-based solutions, which will help the government run its day-to-day affairs in a smooth and systematic manner.


Akhil Sheoran wins gold in shooting World Cup

Young Akhil Sheoran clinched the gold medal in men’s 50m rifle 3 position with plenty to spare as India continued their superlative run at the ISSF World Cup in Guadalajara, Mexico. Sheoran, thus, became the fourth young Indian shooter to win a medal on ISSF World Cup debut.


Philippines to quit International Criminal Court

President Rodrigo Duterte said today he was pulling the Philippines out of the treaty underpinning the International Criminal Court (ICC), which is examining his deadly drug war. “I therefore declare and forthwith give notice… that the Philippines is withdrawing its ratification of the Rome Statute effective immediately,” Duterte said in a statement.


British scientist Stephen Hawking passes away at 76

Stephen Hawking, arguably the greatest-ever theoretical physicist since the times of legendary Albert Einstein, passed away small hours of Wednesday, a statement from his family said.

The British scientist, best known for his work on black holes and relativity, was 76 when he breathed his last and survived by his children Lucy, Robert and Tim.


Lok Sabha passes Finance Bill 2018

The Lok Sabha on Wednesday passed the Finance Bill 2018 after the Finance Minister Arun Jaitley moved as many as 21 amendments. The relevant appropriation Bills moved by Jaitley were also passed through voice vote.

Earlier, as soon as the Lower House reassembled at noon and papers were laid on the table of the House, the Lok Sabha Speaker Sumitra Mahajan guillotined all the outstanding demands for grants in respect of the Union Budget for 2018-19.


World Bank projects India’s FY19 GDP growth at 7.3%

The World Bank today projected India’s GDP growth at 7.3 per cent for the next financial year and it was expected to accelerate further to 7.5 per cent in 2019-20. The World Bank’s biannual publication, India Development Update: India’s Growth Story, expects the economy to clock a growth rate of 6.7 per cent in the current fiscal ending March 31.


GVK appoints Zaha Hadid Architects to design Navi Mumbai International Airport

The GVK led Navi Mumbai International Airport (P) Limited (NMIAL), has appointed Zaha Hadid Architects (ZHA), a globally renowned firm, to design the Navi Mumbai International Airport’s Terminal 1 and ATC Tower.

The London based ZHA was selected on completion of a challenging and intensive 12 week fast track design competition amongst the best international architecture firms that were shortlisted by GVK.


Rs 12,476 cr given to Andhra as special assistance: Govt

The government today informed Parliament that a total of Rs 12,476.76 crore has been released as special assistance to Andhra Pradesh, which includes Rs 2,500 crore for establishment of the new capital city of the state.

Union minister of state for home Hansraj Gangaram Ahir said the central and the Andhra Pradesh governments have been working together to implement the provisions made in Andhra Pradesh Reorganisation Act, 2014 (APR Act, 2014) which include establishment of several institutions and launch of certain projects, as mentioned in Schedule XIII of the Act.

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