NATIONAL
UPDATES:
1. SpiceJet becomes first Indian low-cost
airline to join IATA : SpiceJet has
joined global airlines’ grouping International Air Transport Association (IATA)
as a member, becoming the first Indian low-cost carrier to get the membership. The
IATA represents more than 290 airlines, including Air India, Jet Airways and
Vistara.The IATA membership is significant on account of SpiceJet’s plans for
rapidly expanding its international footprint. SpiceJet is the first Indian
low-cost carrier to be an IATA member and fifth member of IATA in India.
2. Indian Air Force to participate in
‘LIMA 2019’ : Indian Air Force will participate in
Langkawi International Maritime Aero Expo ‘LIMA 2019’ in Langkawi, Malaysia
(26th to 30th March 2019). Indian Air Force is participating in the Expo
for the first time and it will showcase its indigenously developed LCA fighter
aircraft. It will provide an opportunity to air-warriors to interact
with their Royal Malaysian Air Force counterparts and foster close relationship
between the two services. This will also serve as a foundation for any
future interaction with the Malaysian Air Force.
3. Indian Statistical Institute presents a
report on VVPAT sample size to EC : Indian Statistical Institute presented its report
on the sample size of Voter Verifiable Paper Audit Trail (VVPAT) slip counting
to the Chief Election Commissioner Sunil Arora. According to the commission, it
had engaged the Indian Statistical Institute to systematically analyse and
scientifically examine the issue of VVPAT Slip verification with an electronic
count of the Electronic Voting Machines. The report submitted by the expert
committee will now be examined by the Commission.
INTERNATIONAL
UPDATES:
1.World Meteorological day : The
United Nations' (UN) World Meteorological Day is annually held on or around
23rd March to remember the World Meteorological Organization's establishment on
that date in 1950. The theme of WMD 2019 is ‘The Sun, the Earth and the
Weather’.
2. Finland tops Global Happiness Index for
the second straight year : As per UN World
Happiness Report, Finland has been ranked tops as the happiest country in the
world for the second year. The report was released by the Sustainable
Development Solutions Network for the United Nations on March 20 which was
declared as World Happiness Day by the UN General Assembly in 2012. Indian
figures at 140th place(seven spots down from last year) on this
year's UN World Happiness Report.The report ranks countries on six key
variables that support well-being: income, freedom, trust, healthy life
expectancy, social support and generosity.
3. Google unveils Stadia:a video-game streaming platform : Google unveiled a video-game streaming
platform ‘Stadia’, positioning itself to take on the traditional video-game
business. The platform will store a game-playing session in the cloud
and lets players jump across devices operating on Google's Chrome browser and
Chrome OS, such as Pixel phones and Chromebooks. Google made the
announcement at the Game Developers Conference in San Francisco.
OTHER
UPDATES:
BUSINESS/ECONOMY:
1.
Fitch cuts India GDP growth forecast for FY20
to 6.8% : According to
Credit rating agency ‘Fitch’, India’s economic growth forecast for the next
financial year starting April 1, to 6.8% from its previous estimate of 7%. Fitch
Ratings cut India’s FY19 GDP growth forecast to 7.2% from 7.8% on December 6. The
rating agency has also cut growth forecasts for FY20 and FY21 to 7% from 7.3%
and 7.1 per cent from 7.3%, respectively.
BANKING/FINANCE:
1. SBI inks pact with Bank of China : The
State bank of India (SBI) has signed a pact with the Bank of China (BoC) to
boost business opportunities. Through this pact, both SBI and BoC will gain
direct access to their respective markets of operation. Both banks’ clients
will be able to use the vast combined network to expand their businesses
abroad. According to SBI, it has a branch in Shanghai and BoC is opening its
branch in Mumbai.
SPORTS:
1. Indian
Premier League-12 to kick off in Chennai : The Indian Premier League (12th-
edition) has begun with Defending Champions Chennai Super Kings (CSK) led by Mahindra Singh Dhoni and Royal Challengers Bangalore (RCB) led by Virat Kohli in the season's opening clash
at M. A. Chidambaram Stadium,
Chennai.A total of eight teams will
be playing in IPL 2019 (like the
last edition). The teams are Chennai Super Kings, Delhi Capitals, Kings XI
Punjab, Kolkata Knight Riders, Mumbai Indians, Rajasthan Royals, Royal
Challengers Bangalore and Sunrisers Hyderabad.The former franchise of 'Delhi Daredevils’ was renamed to 'Delhi Capitals’ for the new season.
2. Sultan Azlan Shah Cup 2019 Men's Hockey
tournament begins in Ipoh : The Sultan of Azlan Shah Cup Men's Hockey
tournament(28th edition) has begun in Ipoh, Malaysia (23rdto 30th March 2019).
Indian men's hockey team take on Japan (Asian Games gold medallist) in
their opening encounter. Six nations (Malaysia, Canada, Poland, Japan
and Korea) are taking part in the 8-day tournament which will be held in a
round-robin format Australia (defending champions) is not playing in
this edition of the tournament.
3.
FIFA bans former Ecuador football chief
for life : FIFA slapped
a lifetime ban on the disgraced former head of Ecuador's football federation,
Luis Chiriboga, after finding him guilty of taking bribes. Chiriboga was one of
the executives arrested in 2015 amid a massive US-led crackdown on corruption
in world football.FIFA's ethics judges banned Chiriboga from all
football-related activities for life and fined him 1 million Swiss francs.