NATIONAL
UPDATES:
1.India
gets first TIR shipment via Chabahar Port from Afghanistan : The first shipment under the United Nations
‘Transports Internationaux Routiers’ (TIR) convention arrived in India from
Afghanistan through Iran’s Chabahar Port.
The consignments arrived
at port of Nhava Sheva, Mumbai and Mundra on 13th March 2019, officials
said.
2. M R Kumar appointed LIC Chairman : The Union
government appointed M R Kumar as the Chairman of Life
Insurance Corporation (LIC). He will succeed MD Hemant
Bhargava who had been named interim chairman after VK Sharma's retirement
on 31st
December 2018. T C Suseel Kumar and Vipin Anand have
been appointed as Managing Directors (MD) of the LIC for five years.
Currently, MR Kumar is the Zonal Manager, Delhi at LIC
while TC Suseel Kumar is Zonal Manager, Hyderabad. Vipin Anand is
Zonal Manager of the Western zone.
INTERNATIONAL
UPDATES:
1.Indian and Pak delegations hold talks on
Kartarpur : the delegations from India and Pakistan are
holding talks at Attari border town in Punjab to finalize
the modalities for the Kartarpur Corridor. According to MEA spokesman "Talks begin between
India and Pakistan to discuss and finalize the modalities for the Kartarpur
Corridor, at Attari, Amritsar, that will facilitate Indian pilgrims to visit
the holy shrine of Gurudwara Darbar Sahib Kartarpur". The issues like alignments of structures
essentially from the engineering point of view would also be
discussed.
2.
World Kidney Day being observed : World Kidney Day is observed annually on
the second Thursday in March. The theme for this year is ‘Kidney Health for Everyone
Everywhere’. The day is observed to
create awareness on the importance of the kidneys and reducing the frequency
and impact of kidney disease. According to the WHO
report, 850 million people worldwide are now estimated to have kidney diseases
from various causes. Chronic kidney disease
(CKD) causes at least 2.4 million deaths per year and is now the 6th fastest
growing cause of death.
3.
India ranks 11th in gold holding: World Gold
Council : India (world’s largest consumer of gold) has
the 11th largest gold reserve, with the current holding pegged
at 607 tonnes, as per the latest report by the World Gold
Council (WGC). The International
Monetary Fund (IMF) is included and is third on the list with total gold
reserves of 2,814 tonnes.
The list
is topped by the U.S., which claims of gold reserves of 8,133.5 tonnes,
followed by Germany with 3,369.7 tonnes. Italy and France complete the top five list with reserves
of a little over 2,400 tonnes each.
4.
India, U.S. agree to build six nuclear power
plants in India : India and the U.S.
have agreed to build six American nuclear power plants in India, in a
boost to bilateral civil nuclear energy
cooperation. The two countries said this in a joint statement issued at the
conclusion of the 9th round of India-U.S. Strategic Security Dialogue,
co-chaired by Foreign Secretary Vijay Gokhale and Andrea Thompson, the U.S.
Under Secretary of State for Arms Control and International Security, on March
13.
OTHER
UPDATES:
BANKING/FINANCE:
1.RBI to inject liquidity via forex swaps : The Reserve Bank of India (RBI)
has decided to inject rupee liquidityinto the system through long-term
foreign exchange buy/sell swap — a first-of-its-kind instrument used for
liquidity management. The RBI would conduct dollar-rupee buy/sell
swap auction of $5 billion for a three-year tenor on March 26. This is
the first time the central bank is using a foreign exchange auction
to augment banking liquidity after generally using bond purchases for the same
all these years. RBI has infused more than Rs 2.36 lakh crore through such
purchases so far this fiscal. The US dollar amount mobilized through
this auction would also reflect in RBI’s foreign exchange reserves for the
tenor of the swap while also reflecting in RBI’s forward liabilities,” RBI
said.
2.
HDFC Bank becomes the 3rd company to cross Rs 6
lakh crore m-cap : HDFC
Bank has become the third listed entity to achieve a market cap
of Rs 6 lakh crore after Reliance Industries and TCS. On
13th March 2019, shares of the country’s largest private bank
gained 2.6% to hit an all-time high of Rs 2,226. This resulted in
the market capitalisation of the bank reaching nearly Rs 6.1 lakh
crore for the first time, which makes it more valuable than all the listed
public sector banks put together.
3.
Bank of Baroda launches child daycare facility
at HQ : Bank of Baroda
has launched Crèche – Child Daycare facility within its Mumbai
Corporate Office premises. The public sector bank said it will bear 60% of
costs for each child, the rest to be borne by parent.
SPORTS:
1.
Special Olympics World Games 2019 to begin
today at Abu Dhabi in UAE : Special Olympics World Games 2019 begin at Abu
Dhabi in UAE this evening. The event has already made history by welcoming a
record-breaking 200 nations at the Games. Of the 200 nations, 195 will compete
in the Games and five will observe. More than 2,500 women will fly the flag for their
nation, with almost half of them performing in athletics competitions. Saudi
Arabia will send female athletes for the first time, with 14 women
participating.
OBITUARIES:
1.
Formula One director Charlie Whiting has died
in Australia : Formula
One race director Charlie Whiting (66-years) has died from a
pulmonary embolism three days before the season-opening Australian Grand Prix. Federation
Internationale de l'Automobile (FIA), the Federation for international auto
racing, issued a statement saying Whiting died on March 14 morning in
Melbourne. A pulmonary embolism is a blockage in the lung, usually
caused by a blood clot.