NATIONAL UPDATES:
1.
Govt Forms high level committee of medical experts for prevention & control
of COVID-19: The
Government of India has constituted a high level technical committee of Public
Health Experts to provide guidance about the prevention and control activities
for COVID-19 in the country. The 21 member committee will be headed by NITI
Aayog member Dr V K Paul. Union Health Secretary Preeti Sudan and Director
General Indian Council of Medical Research are the Co-Chair.
2.
J&K Government to start doorstep ration distribution: Due to the rising
cases of COVID-19 pandemic, Government of J&K is considering to start
doorstep ration distribution and other essential commodities to the consumers.
This is in order to swipe away large gatherings at ration depots. Number of
quarantine rooms with requisite facilities with the availability of doctors,
nurses and paramedical staff must be enhanced in addition.
3.
Uttarakhand abolishes quota in promotion for govt employees: Uttarakhand
government abolished reservation in promotion in the state government jobs. The
state government also issued orders regarding Departmental Promotion Committee
(DPC). The move came after over 1.5 lakh General/OBC employees went on an
indefinite strike from March 2 demanding the removal of quotas.
Note: Uttarakhand Chief Minister: Trivendra
Singh Rawat; Governor of Uttarakhand: Baby Rani Maurya.
4.
Tamil Nadu’s sanitary workers to be called ‘cleanliness workers’: Tamil Nadu Chief
Minister K Palaniswami announced in the Assembly that 64,583 sanitary personnel
employed by urban and rural civic bodies in the State will from now on be
called ”cleanliness workers” to honour their work. As many as 64,583 sanitary
workers are employed with 15 corporations, 121 municipalities, 528 town
panchayats and 12,525 village panchayats.
5. A
book entitled ‘Messiah Modi: A Great tale of expectations’ released: A book entitled
‘Messiah Modi: A Great Tale of Expectations’ penned by senior journalist &
author Tavleen Singh has been released. The book has been published by
HarperCollins India. The book talks about helpless dissatisfaction with
Narendra Modi the Prime Minister (PM), his cabinet, the story of his first term
as a journey from lynchings to demonetization up to Article 370, the foremost
controversial law CAA (Citizenship Amendment Act), implementation of National
Register of Citizens (NRC) & the guarantees he made in his first term.
INTERNATIONAL UPDATES:
1.
Nepal Commits NPR 100 million to SAARC emergency fund to fight COVID-19
outbreak: Nepal
has committed NPR 100 million to the SAARC emergency fund proposed by Prime
Minister Narendra Modi to help combat the coronavirus pandemic in the region.
The announcement in this regard was made by Nepal Prime Minister KP Sharma Oli
during his first address to the nation after undergoing a kidney transplant.
2.
COVID-19 outbreak: BRICS New Development Bank approves nearly USD 1 bn loan to
China: China
is set to receive a loan worth RMB 7 billion (USD 989 million) from the BRICS
New Development Bank (NDB) in order to combat the epidemiological threat and
economic disruption caused by the ongoing coronavirus disease (COVID-19)
outbreak. The loan is the largest ever awarded in the NDB’s history and is also
the first emergency assistance given to one of BRICS’ member
3.
Online Tawajudi service introduced in UAE: Ministry of Foreign Affairs and
International Cooperation, United Arab Emirates introduced a new service on its
website: "Tawajudi for residents". This will facilitate the safe
return of UAE residents residing outside to the UAE. Residents who are
currently abroad can register for this service through MoFAIC's website, thus
facilitating communication with them in case of emergency.
4. US
FDA approved first COVID-19 diagnostic test: The US Food and Drug Administration
has approved a corona virus diagnostic test that can be conducted entirely at
the point-of-care and can deliver results in 45 minutes. It will be rolled out
by March 30, 2020. It is developed by California based company ‘Cephid’.
Point-of-care testing means results are delivered in the patient care settings
like hospitals, urgent care centres and emergency rooms, instead of samples
being sent to a laboratory.
5.
ADB announces $6.5 billion initial response to COVID-19 pandemic: The Asian
Development Bank (ADB) has announced a 6.5 billion dollar initial package to
address the immediate needs of its developing member countries (DMCs) as they
respond to novel coronavirus (COVID-19) pandemic. The initial package includes
about 3.6 billion dollars in sovereign operations for a range of responses to
the health and economic consequences of the pandemic, and 1.6 billion dollars
in non-sovereign operations for micro, small, and medium-sized enterprises,
domestic and regional trade, and firms directly impacted.
6.
World Water Day: 22 March: World Water Day is observed globally on 22nd March
every year. It focuses on the importance of freshwater. World Water Day celebrates
water and raises awareness of the 2.2 billion people living without access to
safe water. A core focus of World Water Day is to support the achievement of
Sustainable Development Goal 6: water and sanitation for all by 2030. The theme
of World Water Day 2020 is “Water and Climate Change”.
OTHER UPDATES:
BANKING AND FINANCE
1.
IRDAI Constitutes Panel Under Pravin Kutumbe to Review Guidelines on Corporate
Governance Systems of Insurers: The insurance regulator, Insurance
Regulation and Development Authority (IRDAI), has set up a 16-member committee
to find ways to improve its current guidelines on corporate governance systems
of insurers, in a bid to further strengthen the guidelines. The committee will
be Chaired by Shri Pravin Kutumbe, member-finance and investment at IRDAI. It
will also consists of six other members from the insurance regulator, members
from the Reserve Bank of India and the Securities and Exchange Board of India
along with other industry participants. The committee will submit the report to
IRDAI in three months.
2.
SBI launches COVID 19 Emergency Credit Line (CECL) facility for existing
borrowers:
State Bank of India has launched an emergency loan facility for its existing
loan customers whose business has been hit due to Coronavirus 2019 (COVID 19).
The loan facility has been named COVID 19 Emergency Credit Line (CECL). It has
been launched to meet the temporary liquidity mismatch arising out of covid-19.
The interest rate under this facility will be 7.25% per annum. Which accounts
are eligible: All standard accounts as on March 16, 2020 and till the date of
sanction are eligible. With CECL, SBI will facilitate funds up to Rs 200 crore
which will be available till June 30, 2020.
Note: Chairperson of SBI: Rajnish Kumar;
Headquarters: Mumbai; Founded : 1 July 1955.
3.
SBI Funds Management adopts stewardship code as mandated by SEBI: SBI Funds
Management, a joint venture between India’s largest bank SBI and European asset
manager Amundi, has become the first fund house to implement the stewardship
code in India from April 1,2020 Stewardship code which requires the fund house
to monitor its investor companies and establish voting policies. This is aimed at complying with markets
regulator SEBI’s directive, which mandated all mutual funds and alternative
investment funds in the country to adopt a stewardship code, which is
applicable for investments in listed equities.
AWARDS AND HONOURS
1.
Satyarup Siddhanta, First Indian to Complete Seven Volcanic Summits enters
‘Limca Book of Records’: An Indian mountaineer, Satyarup Siddhanta has entered
the coveted Limca Book of World Records for his extra-ordinary achievement of
being the first Indian to climb the highest volcanoes of each of the 7
continents. The Bengaluru-based 37-years-old techie mountaineer holds a world
record for being the youngest in the world to summit the highest mountains (7
Summits) of each continent. He climbed the highest volcano of Antarctica – Mt
Sidley to complete his 7 summits and Volcanic 7 summits. His Seven volcanic
summits are: Ojos del Salado (6,893 m) – Chile – South America, Mt Kilimanjaro
(5,895 m) – Tanzania – Africa, Mount Elbrus (5,642 m) – Russia – Europe, Mount
Pico de Orizaba (5,636 m) – Mexico – North America, Mt Damavand (5,610 m) –
Iran – Asia, Mt Giluwe (4,368 m) – Papua New Guinea – Australia and Mt Sidley
(4,285 m) – Antarctica.
He has many firsts attached to his name
including being the first Indian in the world to play the National anthem with
flute at Antarctica. He already has his name in some of the prestigious record
books such as Guinness Book of World Records, Asia book of Records, India Book
of Records, Champions Book of Records, British Book of records etc.
OBITUARIES
1.
Legendary country music singer Kenny Rogers passes away: Country music icon,
Kenny Rogers, who dominated the country charts and pop music era of the 1970s
and 1980s, died. He was 81. Rogers was a three-time Grammy winner, six-time
Country Music Awards winner and a member of the Country Music Hall of Fame. He
was well known for hits like ‘Lady’, ‘The Gambler,’ ‘Islands in the Stream’,
‘Lucille’, ‘She Believes In Me’, and ‘Through the Years’.