Current Affairs Update – 1 March, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs Update of 1 March, 2017. These are important for the upcoming SBI PO Mains, NIACL Assistant Mains as well as other insurance and bank exams.

Current Affairs at a Glance – 1 March, 2017 – Tap to show
  1. The World Bank has announced an assistance programme of over $1 billion
    in the areas of urban transport and climate resilient agriculture in Maharashtra, over the next 2-3 years.
  2. The Government has notified the law that makes holding of more than 10
    scrapped notes punishable with a minimum
    fine of Rs 10,000
    .
  3. Gujarat-based Incube Ventures Pvt
    Ltd, under the banner of Aashray Promotion of Social Enterprises Foundation, a techno-social business incubator, on Wednesday,
    announced the signing of an MoU with the Jharkhand government’s Department of
    Information Technology and e-Governance (DoIT) to establish an incubation centre
    for start-ups in that state
    .
  4. India on 23 February 2017 signed
    a Financing Agreement with the World Bank for IDA credit of USD 63 million for
    the ‘Tejaswini’, a Socio-Economic
    Empowerment of Adolescent Girls and Young Women Project.
  5. India on 1 March 2017
    successfully test-fired the Prithvi supersonic interceptor missile.
    The missile was test-fired by the Defence Research and Development Organisation
    (DRDO) from the Abdul Kalam Island off Odisha coast.
  6. The National Tiger Conservation
    Authority (NTCA) in last week of February 2017 banned British Broadcasting Corporation (BBC) from filming in all
    Indian tiger reserves for five years. It also imposed a ban on BBC’s journalist
    Justin Rowlatt for the same period.
  7. Senior diplomat Ruchi Ghanashyam was on 28 February
    2017 appointed as the Secretary (West) in the Ministry of External Affairs
    (MEA).
  8. Sanjiv Singh was on Tuesday appointed chairman of the Indian Oil
    Corporation Ltd (IOCL), the country’s largest commercial enterprise.
  9. Amina J Mohammed on 28 February 2017 was appointed as the Deputy
    Secretary-General of the United Nations (UN).
  10. Nand Kumar Sai, senior tribal leader from Chhattisgarh, on 28
    February 2017 assumed charge as the Chairman of National Commission for
    Scheduled Tribes (NCST) in New Delhi.
  11. D R Doley Barman on 28 February 2017 was appointed as the Director
    of Sardar Vallabh Bhai Patel National Police Academy (SVPNPA), Hyderabad.
  12. Sumit Mullick, a 1982 batch IAS officer, was appointed as the Chief
    Secretary of Maharashtra on 28 February 2017. He succeeds Swadheen Kshatriya.
  13. Zero Discrimination Day was observed across the world on 1 March 2017.
    The day was observed with the theme Make Some Noise for Zero Discrimination.
  14. The UK-India Year of Culture 2017 was launched on 27 February 2017 at
    Buckingham Palace to mark a year-long celebration of the strong relationship
    shared between the UK and India
    . Queen Elizabeth II hosted a gala event
    to mark the launch.
  15. Jitu Rai clinched the gold medal with yet another stirring comeback
    while compatriot Amanpreet Singh bagged the silver in men’s 50m
    pistol event as India secured its first yellow metal in the ongoing ISSF World
    Cup, here on Wednesday.
  16. Popular Gujarati writer and noted
    play writer Tarak Mehta passed away on 1 March 2017 at
    his Ahmedabad residence.  The popular
    comic television serial ‘Taarak Mehta Ka
    Ooltah Chashmah’
    is a television adaptation of Taarak Mehta’s column
    ‘Duniya Ne Undha Chasma’.

Financial and Banking News:
World Bank offers over $1-billion loan to Maharashtra

  • The World Bank has announced an
    assistance programme of over $1 billion in the areas of urban transport and
    climate resilient agriculture in Maharashtra, over the next 2-3 years.
  • This was announced by the World
    Bank’s Chief Executive Officer, Kristalina Georgieva, at the end of a day-long
    visit to the city.
  • Over the last five years, World
    Bank had invested over $1.4 billion in Maharashtra in urban transport, rural
    water supply and agriculture.
  • “The Government of Maharashtra is
    committed to sustaining high economic growth for its people. The State faces
    significant challenges, particularly in the areas of urban transport, climate
    change and water,” Chief Minister Devendra Fadnavis said.
  • “We are keen to work with the
    World Bank in these areas and explore future opportunities to deepen our
    engagement for the overall development of the state,” he added.
  • Georgieva also met the Reserve
    Bank of India (RBI) Governor, Urjit Patel.
Govt notifies law to make banned note possession punishable


  • The Government has notified the
    law that makes holding of more than 10 scrapped notes punishable with a minimum
    fine of Rs 10,000.
  • The Specified Bank Notes
    (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with
    a view to eliminating the “possibility of running a parallel economy” using the
    old Rs 500/1,000 notes that have been demonetised.
  • The law, signed by President
    Pranab Mukherjee on February 27, also provides for a minimum fine Rs 50,000 for
    false declaration by persons who were abroad during the demonetisation period
    (November 9—December 30, 2016) and given time to deposit such scrapped notes
    with RBI till March 31.
  • With the law coming into force,
    possession of more than 10 pieces of the old notes by individuals and more than
    25 pieces for study, research or numismatics purpose will be a criminal
    offence, attracting fine of Rs 10,000 or five times the cash held, whichever is
    higher.
  • The Act also ends the liability
    of the Reserve Bank and the government on the demonetised currency notes.
Aashray inks MoU with Jharkhand, to set up incubation centre for
start-ups

  • Gujarat-based Incube Ventures Pvt
    Ltd, under the banner of Aashray Promotion of Social Enterprises Foundation, a
    techno-social business incubator, on Wednesday, announced the signing of an MoU
    with the Jharkhand government’s Department of Information Technology and
    e-Governance (DoIT) to establish an incubation centre for start-ups in that
    state.
  • Accordingly, Incube Ventures will
    avail of the support listed in the Jharkhand government’s Start-Up Policy 2016
    for five years, with the objective of making the incubation centre
    self-sustaining. The MoU was entered upon during the ‘Momentum Jharkhand Global
    Investors’ Summit 2017’ held recently.
  • As part of the MoU, Ashray
    Foundation will incubate at least 20 start-ups certified by the Jharkhand State
    Evaluation Board, wherein incubatees will gain access to mentoring, business
    and financial advisory, co-working space, Internet, research and laboratory
    facilities. Along with mentoring on research projects, technological
    development and innovation, Aashray will also support incubatees in seeking
    public and private funding and access to angel networks and investment forums.
India signs Financing Agreement with World Bank for Tejaswini

  • India on 23 February 2017 signed
    a Financing Agreement with the World Bank for IDA credit of USD 63 million for
    the ‘Tejaswini’, a Socio-Economic Empowerment of Adolescent Girls and Young
    Women Project.
  • The Financing Agreement was
    signed by Raj Kumar, Joint Secretary in the Department of Economic Affairs,
    Union Ministry of Finance and Junaid Kamal Ahmad, Country Director of World
    Bank (India).
Highlights of the Socio-Economic Empowerment of Adolescent Girls and
Young Women Project ‘Tejaswini’

  • The project seeks to empower the
    adolescent girls with basic life skills.
  • It aims to provide further
    opportunities to acquire market driven skill training or completion of
    secondary education, depending on the inclination of the beneficiary.
  • The project will support
    adolescent girls and young women between the ages of 14 and 24 to complete
    their secondary level education.
  • It will also help girls in
    acquiring relevant skills for the job market. 
  • The project has three main
    components- (i) Expanding social, educational and economic opportunities (ii)
    Intensive service delivery (iii) State capacity-building and implementation
    support.
  • About 680000 adolescent girls and
    young women are expected to benefit from the program.
  • The closing date of the project
    is 30 June 2021.
Non-financial News related to India and states:
India successfully test-fired Prithvi Supersonic Interceptor Missile

  • India on 1 March 2017
    successfully test-fired the Prithvi supersonic interceptor missile. The missile
    was test-fired by the Defence Research and Development Organisation (DRDO) from
    the Abdul Kalam Island off Odisha coast.
  • After receiving commands from the
    radars on the incoming missile, the interceptor missile Prithvi detected and
    tracked the enemy’s ballistic missile.
  • The ‘enemy missile’ was fired
    from the Interim Test Range (ITR) at Chandipur in Odisha.
  • Prithvi, which has been dubbed as
    an advanced air defence interceptor, is part of India’s credible ballistic
    missile defence program.
  • With Prithvi in its armour, India
    has become the fourth country in the world to have a ballistic missile defence
    program.
  • The other three countries which
    have developed a similar ballistic missile defence system include the US,
    Russia and Israel.
National Consultation Workshop on Urban Development held in New Delhi

  • The National Consultation
    Workshop on Urban Development was held on 28 February 2017 at Vigyan Bhawan in
    New Delhi.
  • The workshop was organised by the
    Union Ministry of Urban Development.
  • The workshop discussed strategies
    to promote social and urban infrastructure in urban areas of the country.
  • The workshop was held with the
    theme – Transforming Cities Transforming Lives.
Assam to host river festival ‘Namami Brahmaputra’

  • Assam will host its first river
    festival-‘Namami Brahmaputra’ at the riverfront of Brahmaputra in Guwahati from
    31 March to 4 April 2017.
  • The decision was announced by
    Assam’s Chief Minister Sarbananda Sonowal himself. The state’s government has
    invited India’s President Pranab Mukherjee, Prime Minister Narendra Modi,
    Ambassadors of all the countries and all Chief Ministers and Chief Secretaries
    to participate in the mega event.
  • The five-day festival aims to
    promote the state’s economy, culture, art, tourism, skill industry, investment
    option, trade, commerce and heritage.
  • Namami Brahmaputra, which means
    “Obeisance to the Brahmaputra”, will showcase the grandeur of the river and the
    land it flows through.
  • It will be spread across 21
    districts of Assam.
First meeting of Committee on Cultural Harmony Conclave held in New
Delhi

  • The first meeting of the
    Committee on Cultural Harmony Conclave under the HamariDharohar Scheme was held
    on 25 February 2017 in New Delhi.
  • The meeting was chaired by the
    Union Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas
    Naqvi.
  • The meeting was attended by
    several renowned artists, musicians, writers. They discussed strategies to
    promote India’s rich cultural diversity of minorities.
Government’s National Family Health Survey-4 shows improved sex ratio
and decline in IMR

  • Union Health Ministry on 28
    February 2017 unveiled the National Family Health Survey-4 (NFHS-4) in New
    Delhi. The survey conducted for the year 2015-16 says that India’s health index
    has made a notable improvement over the last decade.
  • The survey is based on
    information collected from 6 lakh households, 1.3 lakh men and 7 lakh women.
    This is the first time that the data is providing district level estimates.
  • The report suggests that there
    has been a decline in the infant mortality and improvement was visible in the
    sex ratio with more institutional deliveries and wider vaccine coverage. The
    survey also says Children within the age of 12-23 months have been fully immunised
    (BCG, measles and 3 doses each of polio).
BBC banned for five years from filming in Tiger reserves

  • The National Tiger Conservation
    Authority (NTCA) in last week of February 2017 banned British Broadcasting
    Corporation (BBC) from filming in all Indian tiger reserves for five years. It
    also imposed a ban on BBC’s journalist Justin Rowlatt for the same period.
  • As per a report published in a
    national daily, the ban was imposed on the network after BBC via a documentary,
    One World: Killing for Conservation, questioned India’s aggressive policy and
    protection measures to protect endangered rhinos at Kaziranga national park in
    Assam.
  • Issuing the ban on the network,
    NTCA directed all chief wildlife wardens of all tiger range states of India as
    well as field directors of tiger reserves to disallow filming permission to BBC
    for five years. NTCA that governs all tiger reserves of India.
Appointments:
Ruchi Ghanashyam appointed as Secretary (West) in MEA

  • Senior diplomat Ruchi Ghanashyam
    was on 28 February 2017 appointed as the Secretary (West) in the Ministry of
    External Affairs (MEA). She succeeds Sujata Mehta, who recently took over as a
    Member in Union Public Service Commission (UPSC).
  • Her appointment was approved by
    the Appointments Committee of Cabinet (ACC).
  • As the Secretary (West),
    Ghanashyam will be responsible for looking after the country’s diplomatic
    affairs with the United Kingdom and other European nations.
Sanjiv Singh appointed Indian Oil Corporation chairman

  • Sanjiv Singh was on Tuesday
    appointed chairman of the Indian Oil Corporation Ltd (IOCL), the country’s
    largest commercial enterprise.
  • The Appointments Committee of
    Cabinet approved his appointment to the post for a period of five years, an
    order issued by the personnel ministry said.
  • Singh is at present the director
    of Refineries at the IOCL. He was selected for the top job after government
    headhunters Public Enterprise Selection Board (PESB) interviewed eight
    candidates.
  • He will be assuming the charge on
    or after 1 June, the order said.
Amina J Mohammed sworn in as UN Deputy Secretary-General

  • Amina J Mohammed on 28 February
    2017 was appointed as the Deputy Secretary-General of the United Nations (UN).
  • Mohammed, a former Environment
    Minister of Nigeria, was appointed by Secretary-General Antonio Guterres to the
    second highest job at the UN.
Nand Kumar Sai assumes charge as Chairman of National Commission for
Scheduled Tribes

  • Nand Kumar Sai, senior tribal
    leader from Chhattisgarh, on 28 February 2017 assumed charge as the Chairman of
    National Commission for Scheduled Tribes (NCST) in New Delhi.
  • The National Commission for
    Scheduled Tribes was established by amending Article 338 and inserting a new
    Article 338A in the Constitution through the 89th Amendment Act, 2003. The
    amendment replaced erstwhile National Commission for Scheduled Castes and
    Scheduled Tribes by two separate Commissions namely, the National Commission
    for Scheduled Castes, and the National Commission for Scheduled Tribes.
  • The Chairperson of NCST has been
    given the rank of Union Cabinet Minister and the Vice-Chairperson that of a
    Minister of State.
  • The term of office of
    Chairperson, Vice-Chairperson and each member is three years from the date of
    assumption of charge.
D R Doley Barman appointed as Director of SVP National Police Academy

  • D R Doley Barman on 28 February
    2017 was appointed as the Director of Sardar Vallabh Bhai Patel National Police
    Academy (SVPNPA), Hyderabad.
  • At present, Barman is working as
    the Director of the North East Police Academy (NEPA), Shillong, Meghalaya.
  • Barman is a senior Indian Police
    Service officer. A 1986 batch Jammu and Kashmir cadre, she replaces Aruna M
    Bahuguna, who is an Andhra Pradesh cadre of 1979 batch. However, Barman’s
    appointment has been done by temporarily downgrading the post to ADG level for
    a period of two years or until further orders, whichever is earlier.
  • Barman will also hold the
    additional charge of the post of Director, North East Police Academy (NEPA)
    till the appointment and joining of regular Director, NEPA.
IAS officer Sumit Mullick appointed as Chief Secretary of Maharashtra

  • Sumit Mullick, a 1982 batch IAS
    officer, was appointed as the Chief Secretary of Maharashtra on 28 February
    2017. He succeeds Swadheen Kshatriya.
  • Kshatriya, the incumbent chief
    secretary of the state, was due for retirement on 31 January 2017, but was
    given a month’s extension. At present, Mullick is the senior most bureaucrat of
    the state and will retire in April 2018.
  • As per reports, the file of appointing
    Mullick as the Chief Secretary was signed by Chief Minister Devendra Fadnavis
    in the morning of 28 February 2017 and was handed over the charge in the
    evening.
  • At the time of this appointment,
    Mullick was working as an Additional Chief Secretary (ACS) and was serving the
    state as its Chief Protocol Officer in the General Administration department.
  • He had earlier served as the
    Divisional Commissioner of Amravati and worked as Secretary of School
    Education. He was also Secretary to the Governor.
Days:
Zero Discrimination Day 2017 observed

  • Zero Discrimination Day was
    observed across the world on 1 March 2017. The day was observed with the theme
    Make Some Noise for Zero Discrimination.
  • Zero Discrimination Day calls for
    fair and just societies and urges people to value, embrace diversity and
    recognize the diverse set of talents and skills that each person brings.
  • The day urges people to join
    together against discrimination and celebrate everyone’s right to live a full
    and productive life with dignity.
  • For the year 2017, UNAIDS calls
    for zero discrimination in health-care settings. The right to health is a
    fundamental human right that includes access to timely, affordable and quality
    health-care services for all.
World:
UK-India Year of Culture 2017 launched

  • The UK-India Year of Culture 2017
    was launched on 27 February 2017 at Buckingham Palace to mark a year-long
    celebration of the strong relationship shared between the UK and India. Queen
    Elizabeth II hosted a gala event to mark the launch.
  • Top Indian celebrities arrived at
    the event such as Anoushka Shankar, Gurinder Chadha and Shiamak Davar.
    Additionally, The Big Bang Theory‘s Kunal Nayyar, Ayesha Dharker and Nina Wadia
    were also in attendance. Anil Kapoor also attended the event as a special
    guest.
  • On arrival, guests watched an
    Indian dance performance entitled ‘Ekam’ in the reception.
  • The UK India Year of Culture
    marked its launch as the BFI National Archives announce a restoration of silent
    film Shiraz. Shiraz looks at the 17th century love story behind the construction
    of the Taj Mahal.
Sports:
Jitu Rai bags gold, silver for Amanpreet Singh in ISSF World Cup

  • Jitu Rai clinched the gold medal
    with yet another stirring comeback while compatriot Amanpreet Singh bagged the
    silver in men’s 50m pistol event as India secured its first yellow metal in the
    ongoing ISSF World Cup, here on Wednesday.
  • Entering the event a day after
    claiming the 10m pistol bronze, Rai upped the ante as the final closed in on
    the elimination rounds.
  • The unassuming Army man shot a
    total of 230.1, a world record, to finish on top of the podium, while
    Amanpreet, who was leading for a major part of the final, had to be satisfied
    with the silver medal after aggregating 226.9.
  • Iran’s Vahid Golkhandan took away
    the bronze with a score of 208.0 at the Dr Karni Singh Shooting Range.
  • The 29-year-old Rai was placed
    sixth at the end of the first two competition series of five shots each with
    93.8. At that point Amanpreet was leading the eight-man field with 98.9. The
    Punjabi shooter then extended his domination with a series of high scores, even
    as Rai tried to make his way back into contention.
Obituaries:
Noted Gujarati Writer Tarak Mehta died

  • Popular Gujarati writer and noted
    play writer Tarak Mehta passed away on 1 March 2017 at his Ahmedabad residence.
    Mehta passed away at 87.
  • Tarak Mehta suffered from age
    related illness for a long time.
  • Tarak Mehta was an Indian
    columnist, humorist, writer and playwright.
  • He was best known for his column
    “Duniya Ne Undha Chasma” in Mumbai-based Gujarati news weekly “Chitralekha”.
    His weekly column first featured in Chitralekha news weekly in March 1971.
  • He wrote around 80 books on
    various pressing issues.
  • Three books are based on the
    columns he wrote in Gujarati newspaper Divya Bhaskar. The remaining books were
    compiled from the stories in Taarak Mehta Ka Ooltah Chashmah.
  • The popular comic television
    serial ‘Taarak Mehta Ka Ooltah Chashmah’ is a television adaptation of Taarak
    Mehta’s column ‘Duniya Ne Undha Chasma’.

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