Weekly Current Affairs (8th to 14th March 2020) Part - 1 Notes | EduRev

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Current Affairs : Weekly Current Affairs (8th to 14th March 2020) Part - 1 Notes | EduRev

The document Weekly Current Affairs (8th to 14th March 2020) Part - 1 Notes | EduRev is a part of the Current Affairs Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
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Banking & Financial Awareness

1. Under its ‘Bachhpan Ka Rakshakaran’ program which entity is to provide football coaching to under-privileged girls _______ Tata AIA Life Insurance.
Note:
➢ In order to create interest in education for the under-privileged girls aged 12-16 years, by using football coaching as a medium, Tata AIA Life Insurance has launched a ‘Bachhpan Ka Rakshakaran’ program in association with Mumbai based Non-profit ‘Oscar Foundation’.
➢ It is a joint venture company formed by Tata Sons Ltd and AIA Group Ltd (AIA).
➢ It also conducted a full day coaching session at Astra Turf, WIFA (Western India Football Association), Cooperage, Colaba in Mumbai,Maharashtra.

2. Which Metro Rail Service in partnership with Paytm has launched a QR-code-based metro ticketing system ______Hyderabad Metro Rail Limited.
Note:

➢ This system will help people book digital tickets easily and it also reduces the ticket congestion at the ticket counters.
➢ It also provides a hassle-free journey to the customers.
➢ Hyderabad Metro Rail Limited (HMRL) will introduce two more trains between Ameerpet and Raidurgam route.

3. Board of Approval headed by Anup Wadhawan approved TCS, DLF proposals to set up SEZs for IT in _____Haryana and Uttar Pradesh.
Note:
➢ The highest decision-making body for special economic zones (SEZs) chaired by the commerce secretary Anup Wadhawan, has approved the proposals of Information technology (IT) major TCS and DLF Limited to establish a special economic zones (SEZs) for IT sector in Uttar Pradesh (UP) and Haryana respectively.
➢ TCS has proposed to establish an IT/ITeS (Information Technology Enabled Services.) SEZ in Noida, Uttar Pradesh, over an area of 19.9 hectare at a cost of Rs 2,433.72 crore.
➢ Similarly, DLF has proposed to establish two SEZs in Haryana with an investments worth of Rs 793.95 crore and Rs 761.54 crore.

4. Under the draft scheme of reconstruction of the Yes Bank “Yes Bank Ltd. Reconstruction Scheme, 2020” SBI can invest for up to ______49% stake.
Note:

➢ Reserve Bank of India (RBI) after exercising its powers conferred under sub-section (4) of section 45 of the Banking Regulation Act, 1949, has issued a draft scheme of reconstruction of the Yes Bank.
➢ It should be noted that State Bank of India (SBI) wants to invest in Yes Bank and also to participate in its reconstruction scheme.
➢ SBI can invest for up to 49% stake for nearly Rs 2,450 crore. Here are the key points from draft scheme titled “Yes Bank Ltd. Reconstruction Scheme, 2020”:

5. As a result of Coronavirus (COVID-19), Moody’s Investors Service again lowered India’s growth projection to ______5.3% for 2020.
Note:
➢ Previously on February 17, 2020 it had reduced India’s growth projection from 6.6% to 5.4% for 2020.
➢ Moody’s Global Macro Outlook stated that the spread of COVID- 19 will result in simultaneous supply & demand shocks which will result in further slowing down of the global economic activity particularly in the 1st half of this year.

6. On the basis of ‘Customers First’ approach which bank has reduced its interest rate on savings bank (SB) accounts to 3% along with waiving off of average monthly balance (AMB) for all SB accounts ______State Bank of India.
Note:

➢ State Bank of India (SBI) has reduced its interest rate on savings bank (SB) accounts to 3% along with waiving off of average monthly balance (AMB) for all SB accounts on the basis of ‘Customers First’ approach.
➢ Also, to make home and auto loans cheaper SBI reduced its one-year marginal cost of fund-based lending rate (MCLR) to 7.75% from 7.85%. All these changes are with effect from March 10, 2020.

7. To provide a shield against all uncertainties of life at an affordable premium which company has launched iSelect+ Term Plan _____ Canara HSBC Oriental Bank of Commerce Life Insurance Company.
Note:

➢ Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited launched iSelect+ Term Plan to provide a shield against all uncertainties of life at an affordable premium which includes Whole Life Cover, Return of Premium, Multiple Payout Options, Increase Coverage Option & Tax Benefits.
➢ The plan is designed to provide a death benefit, terminal illness, & has additional options of the accidental death benefit, accidental total, permanent disability benefit & child support benefit
➢ It offers different options for not only coverage but also for premium payment & benefit payouts. Customers can choose from the various options provided & customize it as per their requirement.

8. To improve water management practices & also to increase agricultural productivity which state has signed a loan agreement of US$80 million with World Bank ______Himachal Pradesh.
Note:

➢ The Integrated Project for Source Sustainability & Climate Resilient Rain-Fed Agriculture to be implemented in 428 Gram Panchayats in 10 districts which will benefit over 400,000 smallholder farmers, women & pastoral communities.
➢ It will improve upstream water sources to ensure sufficient water is available for sustainable agriculture in Himachal Pradesh & downstream states.
➢ The key component of the project is to enhance the climate resilience of agriculture & its allied activities for which efficient use of water is the focal point
➢ It will establish hydrological monitoring stations to monitor the water quality and quantity.

9. Name the world’s first Digital Solutions Exchange Cloud launched in India ______ GOKADDAL.
Note:

➢ GOKADDAL, the World’s first Digital Solutions Exchange in Cloud, was launched in India on March 11, 2020.
➢ www.gokaddal.com, a cloud-based solution exchange platform mainly focuses on 4A’s – Automation, Artificial Intelligence, Analytics and Augmentative Technologies.
➢ It is a Business to Business (B2B), Business to Government (B2G), Business to Consumer (B2C) solution platform which connects solution providers to solution seekers and an innovative platform for Startups and SME companies.

10. Who has been appointed as the first-ever brand ambassador of IDFC Bank ______Amitabh Bachchan.
Note:

➢ Bollywood actor Amitabh Bachchan was appointed as the first-ever ambassador of the IDFC FIRST Bank.
➢ IDFC FIRST Bank was founded as a new entity by the merger of IDFC Bank and Capital First on December 18, 2018.

11. What amount has been approved by the executive committee of the central board of State Bank of India to invest in Yes Bank _______ Rs 7,250 crore.
Note:

➢ The executive committee of the central board of State Bank of India (SBI) has approved an investment of Rs 7,250 crore in Yes Bank Ltd. as a part of RBI formulated rescue plan titled “Yes Bank Ltd. Reconstruction Scheme, 2020” for the revival of Yes Bank.
➢ The SBI has not specified its shareholding the bank but it will remain under 49% of the paid-up capital of the Yes Bank.
➢ The investment has been made by purchasing 725 crore equity shares of Yes Bank at a price of Rs 10 per share.

12. According to the report “Developments in India’s Balance of Payments during the third quarter (October-December) of 2019-20”, released by Reserve Bank of India (RBI), India’s current account deficit (CAD) fell sharply to _______$ 1.4 billion, or 0.2 % of GDP.
Note:

➢ This figure was 2.7 % of GDP (or $ 17.7 billion) in the same period of last fiscal and 0.9 % of GDP (or $ 6.5 billion) in the previous quarter of the current financial year.
➢ The Net Foreign direct investment (FDI) stood at $ 10.0 billion.It is higher level than in the same period of 2018-19, which registered $ 7.3 billion.
➢ Foreign portfolio investments: It posted a net inflow of $ 7.8 billion compared to an outflow of $ 2.1 billion in 2018-19 due to net purchases in both the debt and equity markets.

13. For UPI transactions PhonePe inks partnership with private sector lender ______ICICI Bank.
Note:

➢ PhonePe earlier partnered with Yes Bank, but after YES Bank has been placed under moratorium by Reserve Bank of India due to which UPI transactions at PhonePe got disrupted.
➢ The popular payment app had faced outage for nearly 24 hours after the Reserve Bank of India put a moratorium on March 5.

Obituaries

1. Kalyanasundaram Anbazhagan passed away recently, he was associated with _______Politics.
Note:

➢ Kalyanasundaram Anbazhagan, DMK (Dravida Munnetra Kazhagam) party General Secretary for 43 years, passed away at the age of 97 in Chennai, Tamil Nadu (TN).
➢ He was born as Ramaih on December 19, 1922 Kattoor, Thiruvarur district, TN.
➢ He was a sound academician and served general secretary of DMK party for 9 times from 1977.

2. Renowned personality Hansaraj Bhardwaj passed away recently, he was associated with _______Politics.
Note:

➢ Former Union Law Minister and former governor of Karnataka & Kerala, Senior Congress leader passed away at the age of 83 in New Delhi, India.
➢ He was born in Garhi Sampla village in Rohtak district, Haryana.
➢ He also holds the record of India’s second longest serving Law Minister.
➢ He served as Rajya Sabha member for 5 terms from April 1982 to May 2009.

3. Name the famous Swedish Actor who passed away recently ________ Carl Adolf von Sydow.
Note:

➢ Carl Adolf von Sydow, Swedish actor, passed away at the age of 90 in Provence, France. He was born on April 10, 1929, in Lund, Sweden.
➢ He was known for his character who played a game of chess with death in the movie “Seventh Seal”, directed by Ingmar Bergman and also the Three-Eyed Raven (Fictional Character) in “Games of Thrones” and the horror classic film “The Exorcist”.
➢ He considered his director Bergman as his mentor and worked with him in 11 films, which includes Wild Strawberries, The Passion of Anna, Shame and The Virgin Spring.

4. Santu Mukhopadhyay or Santu Mukherjee passed away recently, he was associated with _____Cinema.
Note:

➢ Veteran Bengali actor Santu Mukhopadhyay or Santu Mukherjee, 69 a widower passed away at his south Kolkata residence due to cardiac arrest. He is known for his films ‘Sansar Simante’ & ‘Bhalobasa Bhalobasa’. He hails from Kolkata.
➢ He got good recognition on the big screen for films like ‘Ganadevata’ & ‘Byapika Biday’.
➢ His other memorable works for 4 decades include, ‘Hemanter Pakhi’, ‘Dadamoni’ & ‘Baikunther Will’.
➢ He is a familiar face in small screen & worked in soaps like ‘Ishti Kutum’, ‘Jol Nupur’ & ‘Andarmahal’
➢ He has 2 daughters namely, Swastika Mukherjee- Indian actress & Ajopa Mukherjee- costume designer & actress.

5. Name the former Czechoslovak javelin-thrower, passed away recently ______ Dana Zatopkova.
Note:

➢ She is an Olympic javelin champion, won gold in the Helsinki Olympics in 1952 and won the Olympic silver in Rome in 1960.
➢ Dana Zatopkova was born on September 19, 1922 in Frystát, Czechoslovakia.
➢ She also won a European championship in 1954 and 1958 and in 1958, she set the world record of 55.73 meters. Helsinki Organizing Committee declared her “the happiest gold medalist”.
➢ She served as a coach in 1960 and retired from the role in 1980.

Important Days

1. The International Women’s Day (IWD) 2020 was observed globally on _____March 8, 2020.
Note:
➢ Since 1977, the United Nations (UN) Women is organizing International Women’s Day (IWD) all over the world on March 8 to recognize women for their efforts in changing the individual lives as well as of nations. The day celebrates women’s achievements without regard to divisions, whether national, ethnic, linguistic, cultural, economic or political.
➢ The 2020 theme for IWD was “I am Generation Equality: Realizing Women’s Rights”.

2. The Central Industrial Security Force (CISF) Raising Day is observed every year on ______10th March.
Note:

➢ The 51st CISF Raising Day is celebrated on March 10, 2020, for better protection and security throughout the country and to create awareness among the public regarding the role and functions of CISF.
➢ CISF provides security to all the government infrastructure projects all over the country.

3. The World Kidney Day is observed globally on ______ March 12.
Note:

➢ The World Kidney Day is observed on March 12, 2020 to raise awareness on the importance of kidneys to our health and also reduce the impact of kidney diseases, its associated health problems.
➢ This year marks the 15th Observance of World Kidney Day which is observed globally on second thursday of March every year since 2006.

4. The World Sleep Day was observed on ______March 13, 2020.
Note:

➢ The World Sleep Day was observed on March 13, 2020. The day creates awareness about the importance of healthy sleep, to lessen the burden of sleep problems on society through better prevention and management of sleep disorders.
➢ The theme of the year 2020: “Better Sleep, Better Life, Better Planet”.

New Appointments

1. Who has been appointed as the Chief Executive officer for the New joint venture formed by Mahindra and Ford with effect from April 1, 2020 ________ Anurag Mehrotra.
Note:

➢ This joint venture is formed to develop and sell Ford branded cars in India and other emerging markets. The joint venture created is valued at $275 million (Rs 1,925 crore).
➢ Mahindra will own the controlling stakes of 51 per cent, while Ford will own 49 percent stakes in the new company.

2. Who has been appointed as the chairman of the 12 member committee to prepare an investigation manual for the SeriousFraud Investigation Office (SFIO) ______Injeti Srinivas.
Note:
➢ A 12-member high level panel was set up to prepare an investigation manual for the Serious Fraud Investigation Office (SFIO) chaired by the Corporate Affairs Secretary Injeti Srinivas.
➢ The Serious Fraud Investigation Office(SIFO) is set up under the corporate affairs ministry. Under the Chairmanship of Shri Naresh Chandra, former Cabinet Secretary. SIFO investigates white-collar crimes and the Headquarter of SFIO is at New Delhi.

3. Who has been appointed as the Director General, Defence Intelligence Agency _______ Lt Gen Kanwal Jeet Singh Dhillon.
Note:

➢ The Ministry of Defence announced that Lt Gen Kanwal Jeet Singh Dhillon (57) will be appointed as a Director General, Defence Intelligence Agency, Deputy Chief of Integrated Defence Staff, under the Chief of Defence staff (CDS) in the Department of Military Affairs, replacing Lt Gen AS Bedi.
➢ Lt Gen KJS Dhillon of Indian Military Academy (IMA) served as XV Corps and handed over the charge to Lt Gen Baggavalli Somashekar Raju. Lt Gen B.S. Raju has taken charge as a XV Corps commander from 1st March 2020 in Srinagar.

4. Who has been appointed as the brand ambassador of PUMA for a period of two years _______ Kareena Kapoor Khan.
Note:
➢ Indian film actress Kareena Kapoor Khan signed a contract with German sportswear brand Puma to be its brand ambassador for a period of 2 years.
➢ With this association she joins the brand’s roaster of celebrity faces such as Virat Kohli, Sara Ali Khan, MC Mary Kom and Dutee Chand.
➢ Kareena will be the face for Puma’s low-intensity training apparel collection targeted at workouts such as yoga, barre and pilates.

5. Who has been appointed as the brand ambassador for Andhra Pradesh government’s anti-graft helpline or anti-corruption helpline– 14400 ______PV Sindhu.
Note:

➢ Badminton world champion PV Sindhu is appointed as the brand ambassador for Andhra Pradesh government’s anti-graft helpline or anti-corruption helpline– 14400
➢ She has featured along with Chief Minister YS Jagan Mohan Reddy in a video titled ‘stop corruption’ which states people keep their eyes & ears open against corruption.

6. Who has been appointed as the brand ambassador in India for the Washington Apple Commission ______ Disha Patani and Sanjeev Kapoor.
Note:

➢ The Washington Apple Commission appoints Actor Disha Patani & celebrity chef Sanjeev Kapoor as brand ambassadors in India
➢ The Commission launched a campaign called #Washington Apples Kuch Khaas Hai featuring its brand ambassadors.
➢ India is a key market for Washington apples.

7. Who has been appointed as the brand ambassador of Indian online leather accessory brand Brune & Bareskin ______Harbhajan Singh.
Note:

➢ Cricketer Harbhajan Singh becomes brand ambassador of Indian online leather accessory brand Brune & Bareskin as the company goes into offline retail with its first store in Jalandhar.

8. Who has been appointed as the first ever brand ambassador of IDFC Bank _______Amitabh Bachchan.
Note:

➢ Bollywood actor Amitabh Bachchan was appointed as the first-ever ambassador of the IDFC FIRST Bank.
➢ IDFC FIRST Bank was founded as a new entity by the merger of IDFC Bank and Capital First on December 18, 2018.

9. Who has been appointed as the brand ambassador of Smartphone brand realme _______Salman Khan.
Note:

➢ Smartphone brand realme appointed Bollywood actor Salman Khan as its brand ambassador.
➢ Khan will endorse realme 6 & realme 6 Pro. In 2019, realme was the world’s fastest-growing smartphone brand.

10. Who has been appointed as the brand ambassador PepsiCo’s snack brand Kurkure ________ Akshay Kumar.
Note:

➢ PepsiCo India has allegedly appointed actor Akshay Kumar as the new brand ambassador for its snacks brand Kurkure.

11. Who has been appointed as the brand ambassador of iQOO (i Quest On and On) ________Virat Kohli.
Note

➢ iQOO (i Quest On and On) named Indian Cricketer Virat Kohli as its brand ambassador. The brand’s first product in India is iQOO 3, 5G-enabled smartphone.
➢ iQOO is a sub-brand of Vivo in China and has entered India as a separate entity & also part of the BBK group.
➢ The BBK (Guangdong Bu Bu Gao Electronics Industrial Private Limited) group markets smartphones of 5 brands: Vivo, OnePlus, OPPO, RealMe and iQOO (in India).

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