Current Affairs Update – 30 March, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 30 March, 2017. These are important for the upcoming SBI PO mains, BOB Manipal 2017, NICL AO 2017 and NIACL Assistant 2017.

Current Affairs at a Glance – 30 March, 2017 – Tap to show
  1. India on 29 March 2017 became the net exporter of electricity for the first time, as per
    Central Electricity Authority, the designated authority of Union Government for
    Cross Border Trade of Electricity.
  2. HDFC Bank
    on 5 March,2017 announced the launch of an electronic
    virtual assistant (EVA),
    an artificial intelligence-driven chatbot, for
    customer services.
  3. The National Payments Corporation of India (NPCI) has
    tied up with Reliance Retail to
    launch its digital payments solutions such as UPI and BHIM across all retail
    stores in Mumbai. There are about 200 Reliance stores (across all formats) in
    Mumbai.
  4. Tata Consultancy Services (TCS), has
    signed a Memorandum of Understanding (MoU) with The Institute of Cost Accountants of India (ICAI).
  5. The third
    meeting of the G20 Framework Working
    Group
    concluded on 29 March 2017 in Varanasi,
    Uttar Pradesh.
  6. The Indian Institute of Technology, Madras (IITM)
    and the Indian Army have signed a
    Memorandum of Understanding (MoU) to identify the critical technological areas
    that can be enhanced in the armed forces, the institute said on Tuesday.
  7. President
    Pranab Mukherjee has appointed Sunaina
    Singh
    , currently head of the English and Foreign Languages University
    (EFLU) in Hyderabad, as the new vice chancellor
    of Nalanda University.
  8. Tamil Nadu
    on 29 March 2017 defeated India ‘B’ by 42 runs in the final to clinch the
    Deodhar Trophy.

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Financial and Banking News –
India became net exporter of electricity for first time

  • India on
    29 March 2017 became the net exporter of electricity for the first time, as per
    Central Electricity Authority, the designated authority of Union Government for
    Cross Border Trade of Electricity.
  • During the
    financial year 2016-17, India exported around 5798 million units to Nepal,
    Bangladesh and Myanmar which was 213 Million units more than the import of around
    5585 million units from Bhutan.
  • Export to
    Nepal and Bangladesh increased by 2.5 and 2.8 times respectively in last three
    years. This export is expected to increase by around 145 MW shortly through 132
    kV Katiya (Bihar)– Kusaha (Nepal) and 132 kV Raxaul (Bihar)– Parwanipur (Nepal)
    line.
  • Ever since
    the cross border trade of electricity began in mid-1980s, India has been
    importing power from Bhutan and marginally exporting to Nepal in radial mode at
    33 kV and 132 kV from Bihar and Uttar Pradesh. On an average, Bhutan has been
    supplying around 5000- 5500 million units to India.
HDFC Bank launches chatbot Eva for customer services

  • HDFC Bank
    on 5 March,2017 announced the launch of an electronic virtual assistant (EVA),
    an artificial intelligence-driven chatbot, for customer services.
  • Eva is
    India’s first AI-based banking chatbot and can answer millions of customer
    queries across multiple channels instantly, HDFC Bank said in a statement.
  • Eva can
    assimilate knowledge from thousands of sources and provide answers in simple
    language in less than 0.4 seconds, it said.
  • “Within
    the first few days of its launch, Eva has answered over 1 lakh queries from
    thousands of customers from 17 countries across the globe,” it claimed.
  • With the
    launch of Eva, it said, bank’s customers can get information on its products
    and services instantaneously and it also becomes smarter as it learns through
    its customer interactions.
NPCI ties up with Reliance Retail

  • The
    National Payments Corporation of India (NPCI) has tied up with Reliance Retail
    to launch its digital payments solutions such as UPI and BHIM across all retail
    stores in Mumbai. There are about 200 Reliance stores (across all formats) in
    Mumbai.
  • The
    digital payment solutions will be rolled out across the country soon.
  • A P Hota,
    Managing Director and CEO of NPCI, said that the mission is to drive digital
    payments in the country and to empower all retail stores, starting with
    Reliance Retail, through payment apps, including NPCI’s BHIM app, which has
    witnessed about 20 million downloads since the launch.
  • Digital
    payments at retail stores are being supported by Innoviti Payment solutions and
    Axis Bank.
Tata Consultancy Services signs Memorandum of Understanding with
Institute of Cost Accountants of India

  • Tata
    Consultancy Services (TCS), has signed a Memorandum of Understanding (MoU) with
    The Institute of Cost Accountants of India (ICAI).
  • As part of
    the MoU, ICAI will deploy and leverage TCS’ Digital Content Market Place
    Platform – Digital HUB to drive the institute’s digital transformation efforts.
    According to a release, ICAI’s digitization efforts through TCS iON Digital HUB
    will aim to provide improved services to students & members allowing them
    easy access to the vast knowledge base of the institute.
  • TCS iON
    will bring Vocational & Skill Courses to ICAI students & its members
    through iON Digital HUB. Both organisations will launch courses on “ERP Basics”
    specifically designed for ICAI students to enhance their skills in this area.
    Additional Skill Certification courses will be introduced to ICAI students over
    the coming months.
Non-financial new related to India and states –
3rd G20 Framework Working Group meet concluded in Varanasi

  • The third
    meeting of the G20 Framework Working Group concluded on 29 March 2017 in
    Varanasi, Uttar Pradesh.
  • The meet
    witnessed discussions on the current global economic conjecture as well as
    deliberations on the policy options that countries can pursue to counter the
    challenges.
  • The focus
    of the meeting was to deliberate on the inclusive growth agenda of the G20 and
    formulation of a framework for country specific inclusive growth policies.
  • In the
    two-day meeting, officials from more than 30 countries discussed the growth
    strategy to raise the world GDP by 2 per cent till 2018.
IIT Madras, Indian Army sign MoU to strengthen critical
technological areas

  • The Indian
    Institute of Technology, Madras (IITM) and the Indian Army have signed a
    Memorandum of Understanding (MoU) to identify the critical technological areas
    that can be enhanced in the armed forces, the institute said on Tuesday.
  • IITM
    Director Bhaskar Ramamurthi and Deputy Chief of Army Staff (P&S) Lt. Gen.
    Subrata Saha signed the MoU in this regard, a statement issued here said.
  • “The
    objective was to facilitate prestigious institutions such as the IITs to
    achieve a better understanding of the critical technology requirements of the
    Indian Army through seamless interaction between the IITM faculty and the Army
    officers,” the statement said.
Appointments –
Sunaina Singh Appointed Vice Chancellor of Nalanda University

  • President
    Pranab Mukherjee has appointed Sunaina Singh, currently head of the English and
    Foreign Languages University (EFLU) in Hyderabad, as the new vice chancellor of
    Nalanda University.
  • Sources
    have confirmed that Sunaina Singh’s appointment order was signed off on by the
    president on Tuesday. Her appointment letter reached Nalanda University this
    evening.
  • As per
    rules, the president has to choose the vice-chancellor from a group of at least
    three names forwarded by the university’s governing board. As per sources, 135
    names were screened, while six applicants were called for interviews. Out of
    the three names forwarded to the president, her name was at the top, The Wire
    has learnt.
  • Nalanda
    University is a flagship initiative formed under India’s Act East policy, which
    was first proposed at the East Asia Summit in 2007. It was envisioned as a
    project to evoke India’s historical and cultural linkages with South East Asia
    and beyond.
Sports –
Tamil Nadu beat India ‘B’ to win Deodhar Trophy

  • Tamil Nadu
    on 29 March 2017 defeated India ‘B’ by 42 runs in the final to clinch the
    Deodhar Trophy.
  • The final
    of the 50-overs cricket tournament was played at the ACA-VDCA stadium in
    Vishakhapatnam.
  • Tamil
    Nadu’s Dinesh Karthik shared a 136-run stand with Narayan Jagadeesan (55) for
    the fourth wicket which drove Tamil Nadu to 303/9 in 50 overs.
  • With the
    victory, Tamil Nadu became the first state side to win the three-team one-day
    tournament.
Turkey’s Elvan Abeylegesse stripped of Olympic medals

  • Turkish
    runner Elvan Abeylegesse on 29 March 2017 was stripped of two Olympic silver
    medals and one world silver.
  • The
    decision was taken after a re-analysis of an in-competition doping test dating
    back to 2007.
  • The
    International Association of Athletics Federations (IAAF) in a statement stated
    that Abeylegesse’s “results from August 25, 2007, to August 25, 2009, have been
    removed, with the 34-year-old retrospectively banned from September 29, 2015,
    to September 28, 2017.”
  • Abeylegesse
    tested positive on 25 August 2007 after winning silver at the 2007 World
    Athletics Championships in Osaka. It also signifies that she is set to be
    stripped not only of that world silver but also the 5000m and 10000m silver
    medals she won at the 2008 Beijing Olympics.
  • The runner
    reportedly tested positive for stanozolol, a steroid.

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