Current Affairs Update – 24 March, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs Update of 24 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 – 24 March, 2017 – Tap to show
  1. The World Bank on 23 March 2017 signed a USD 100 million credit agreement with the Union Government and
    Uttarakhand to improve quality of healthcare services
    in all 13 districts
    of Uttarakhand.
  2. Bharti Airtel on 23 March 2017 acquired 4G business of Tikona Networks including the Broadband
    Wireless Access (BWA)
    business and 350 sites across 5 circles of Tikona
    Digital for Rs 1600 crore.
  3. The
    Cabinet Committee on Economic Affairs (CCEA) approved the Phase I of the North East Road Network Connectivity
    Project
    . The approval was given at a meeting of the CCEA chaired by the
    Prime Minister Narendra Modi on 22 March 2017 in New Delhi. The estimated cost is Rs 6,721 crore,
    including cost of land acquisition, resettlement and other pre-construction
    activities.
  4. The Indian Space Research Organisation (ISRO)
    in March 2017 announced that it has sent
    four teams to install stakes on ice for Differential Global Positioning System
    (DGPS)
    to validate the glacier surface velocity.
  5. The
    National Helicopter operator Pawan Hans
    is going to launch a new service, ‘Delhi Darshan rides’
    from 1 April 2017.
  6. French Mathematician Yves Meyer was on 21 March 2017 selected for the Abel Prize 2017.
  7. Veteran
    photojournalist Raghu Rai on 22 March 2017 was conferred with
    the Lifetime Achievement Award at the
    6th National Photography Awards.
  8. The Bakshi stadium in Srinagar, Jammu
    & Kashmir is all set to be developed into a world-class facility as per the
    FIFA norms. The total estimated cost of the project is expected to be around Rs
    48 Cr.
  9. Michael Lobo,
    a BJP legislator was elected as the Deputy speaker of the Goa Assembly on 24
    March 2017.
  10. The World Tuberculosis (TB) Day 2017 was
    observed globally on 24 March 2017
    with the theme Unite to End TB: Leave no
    one behind.
  11. Radha
    Mohan Singh, Union Minister of Agriculture and Farmers Welfare, on 23 March
    2017, launched a Coffee Table Book titled “50
    Years – The Great Indian Milk Revolution.”
Financial and Banking News –
World Bank signs USD 100 million Health Care Deal for Uttarakhand

  • The World
    Bank on 23 March 2017 signed a USD 100 million credit agreement with the Union
    Government and Uttarakhand to improve quality of healthcare services in all 13
    districts of Uttarakhand.
  • The
    agreement for the project was signed by Raj Kumar, Joint Secretary in Union
    Ministry of Finance; Neeraj Kharwal, Project Director for the Uttarakhand
    Health Systems and World Bank India Operations Manager and Acting Country
    Director Hisham Abdo Kahin.
  • The
    project aims to reduce the financial risk for its citizens and make affordable
    and quality health care available to all. It will also strengthen the
    government’s ability to effectively engage with the private sector to pursue
    the innovations planned under this project.
  • The loan
    will be from the International Development Association (IDA) of the World Bank
    with a maturity of 25 years, including a 5-year grace period.
Bharti Airtel acquires 4G business of Tikona Networks

  • Bharti
    Airtel on 23 March 2017 acquired 4G business of Tikona Networks including the
    Broadband Wireless Access (BWA) business and 350 sites across 5 circles of Tikona
    Digital for Rs 1600 crore.
  • Currently,
    Tikona has 20 MHz spectrum in the 2300 MHz band in Gujarat, Uttar Pradesh (East),
    Uttar Pradesh (West), Rajasthan and Himachal Pradesh circles.
  • With this
    acquisition, Airtel will be second company after Reliance Jio to have pan-India
    presence in 2300 Mhz band. The 2300 Mhz band has second largest ecosystem of 4G
    devices.
  • The
    acquisition of the 4G business in Gujarat, UP (East), UP (West) and Himachal
    Pradesh will be undertaken by Airtel, while in the Rajasthan circle, it will be
    accomplished through Airtel’s subsidiary Bharti Hexacom Limited.
  • Post-acquisition,
    Airtel will roll-out its high speed 4G services on the newly acquired spectrum
    in the five circles. The combined spectrum holding of Airtel in these five
    circles will be within the spectrum caps prescribed by the government.
  • Post the
    completion of the deal, Airtel will have 30 MHz in the 2300 MHz band in 13
    circles.
CCEA approved North East Road Network Connectivity Project Phase I

  • The
    Cabinet Committee on Economic Affairs (CCEA) approved the Phase I of the North
    East Road Network Connectivity Project. The approval was given at a meeting of
    the CCEA chaired by the Prime Minister Narendra Modi on 22 March 2017 in New
    Delhi.
  • Under the
    project, 403 kilometers of National Highways (NHs) will be developed in
    Meghalaya and Mizoram.
  • Out of 403
    kilometers, approximately 52 kilometers will be in Meghalaya and 351 kilometers
    in Mizoram.
  • The
    project will be executed in the Engineering, Procurement and Construction (EPC)
    mode.
  • The
    projects will be taken up for implementation during the financial year 2017-18.
  • The civil
    works are expected to be completed by 2021 and the maintenance works are
    expected to be completed by 2025.
  • The
    estimated cost is Rs 6,721 crore, including cost of land acquisition,
    resettlement and other pre-construction activities.
Non-financial news related to India and states –
ISRO sends four teams to 36th Expedition to Antarctica

  • The Indian
    Space Research Organisation (ISRO) in March 2017 announced that it has sent
    four teams to install stakes on ice for Differential Global Positioning System
    (DGPS) to validate the glacier surface velocity.
  • The teams
    will mount the stakes around Indian station known as Bharati and Maitri.
  • One team
    is from Space Application Center and the second team is from National Remote
    Sensing Centre (NRSC). The third and fourth team belongs to IRS Dehradun and
    Space Physics Laboratory.
  • The Union
    Ministry of Earth Sciences organizes the Indian Scientific Mission to
    Antarctica (ISEA) every year.
  • Climate change
    is the thrust area of the 36th ISEA.
Pawan Hans to start ‘Dilli Darshan’ chopper rides

  • The
    National Helicopter operator Pawan Hans is going to launch a new service,
    ‘Delhi Darshan rides’ from 1 April 2017.
  • The
    announcement of the same was made by the operator’s Chairman and Managing
    Director B P Sharma during the inauguration of the nation’s first heliport in
    Rohini, in the north of Delhi.
  • The
    service would include two rides, a 10 minute one and a 20 minute one.
  • While the
    10 minute one would cost around Rs 2499 per person, the 20 minute one would be
    a slightly more expensive service with the cost being around Rs 4999 per
    person.
  • The rides
    would commence from the company’s state of the art integrated heliport at
    Rohini.
  • The
    service would undergo a trial run between 25 and 26 March.
  • It would
    be officially opened for regular service on 1 April.
Awards & Honors –
French Mathematician Yves Meyer won Abel Prize 2017

  • French
    Mathematician Yves Meyer was on 21 March 2017 selected for the Abel Prize 2017.
    The Abel Committee of the Norwegian Academy of Science and Letters conferred on
    Meyer for his pivotal role in the development of the mathematical theory of
    wavelets.
  • Yves
    Meyer, born 19 July 1939 of French nationality, grew up in Tunis on the North
    African coast.
  • After
    graduating, Meyer completed his military service as a teacher in a military
    school. He obtained his Ph.D. in 1966 from the University of Strasbourg.
  • He became
    a professor of mathematics first at the Universite Paris-Sud, as it is now
    known in 1966. He retired in 2008.
  • Yves Meyer
    has been a member of the French Academie des Sciences since 1993.
  • His prizes
    include the Salem (1970) and Gauss (2010) prizes.
Raghu Rai honoured with Lifetime Achievement at National
Photography Awards

  • Veteran
    photojournalist Raghu Rai on 22 March 2017 was conferred with the Lifetime
    Achievement Award at the 6th National Photography Awards.
  • Rai began
    his career in photography in 1965. He has also served on the jury of World
    Press Photo and Unesco’s International Photo Contest.
  • He is
    known for his books, Raghu Rai’s India- Reflections in Colour and Reflections
    in Black and White.
  • For
    Greenpeace, he completed an in-depth documentary project on the chemical disaster
    at Bhopal in 1984.
  • The
    subjects of his photographs include MS Subbulakshmi, Bismillah Khan, Mother
    Teresa, Satyajit Ray, Indira Gandhi, Raj Kapoor and Mrinal Sen.
Sports News –
Srinagar to get a football stadium as per FIFA norms

  • The Bakshi
    stadium in Srinagar, Jammu & Kashmir is all set to be developed into a
    world-class facility as per the FIFA norms. The total estimated cost of the
    project is expected to be around Rs 48 Cr.
  • The
    announcement was made at a meeting convened by the Divisional Commissioner of
    Kashmir, Baseer Ahmad Khan, to analyse the activities of Jammu and Kashmir
    State Sports Council. The meeting was attended by divisional sports officer,
    deputy director planning, district officers from sports council and other concerned
    officers.
  • The Bakshi
    stadium would be developed according to the norms and regulations set by the
    Federation Internationale de Football Association (FIFA), the international
    governing body of football.
  • The
    stadium is expected to be developed within 12 working months.
  • It would
    be having floodlights, six entry and exit points, a modern pavilion, food court
    and other state-of-the-art facilities.
Appointments –
BJP legislator Michael Lobo elected as deputy speaker of Goa
assembly

  • Michael
    Lobo, a BJP legislator was elected as the Deputy speaker of the Goa Assembly on
    24 March 2017.
  • Lobo, who
    is a two-time MLA from Goa’s Calangute constituency, defeated the Congress
    nominee Izidore Fernandes by 21-15 during the final day of the state’s Budget
    session.
  • While one
    Congress MLA Churchill Alemao refrained from voting, another Fransisco Silveira
    reached late to the House.
  • Speaker
    Pramod Sawant also did not vote.
  • The state
    has a 40 member house and one of the MLA’s resigned just days after the
    assembly poll results were announced.
Days –
World Tuberculosis Day 2017 observed globally

  • The World
    Tuberculosis (TB) Day 2017 was observed globally on 24 March 2017 with the
    theme Unite to End TB: Leave no one behind.
  • This year,
    WHO places a special focus on uniting efforts to Leave no one behind, including
    actions to address stigma, discrimination, marginalization and overcome
    barriers to access care.
  • This year
    marks the second year of the End TB Strategy of the World Health Organisation
    (WHO). The strategy aims to help ensure that countries implementing it adhere
    to sound ethical standards to protect the rights of all those affected.
  • In 2016,
    WHO reported that 10.4 million people fell ill with TB and there were 1.8
    million TB deaths in 2015, making it the top infectious killer worldwide.

Books & Authors –
Radha Mohan Singh launches Coffee Table Book titled 50 Years – The
Great Indian Milk Revolution
  • Radha
    Mohan Singh, Union Minister of Agriculture and Farmers Welfare, on 23 March
    2017, launched a Coffee Table Book titled “50 Years – The Great Indian Milk
    Revolution.”
  • The book
    was launched to commemorated National Dairy Development Board’s (NDDB) Golden
    Jubilee year.
  • The book
    summarizes NDDB’s remarkable 50-year journey and the value it has created for
    millions of dairy farmers in India.
  • The book
    also underlines the NDDB’s belief that cooperative principles are as relevant
    in the present time as they were in the past. It also highlights the Board’s
    efforts towards bringing about socio-economic change in rural India.

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