Current Affairs Update – 25-27 March, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs Update of 25, 26 and 27 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 – 25-27 March, 2017 – Tap to show
  1. Union Minister of Petroleum and
    Natural Gas Dharmendra Pradhan on 24 March 2017 launched MoPNG e-Seva, a dedicated grievances redressal platform on Social
    Media for all queries and grievances relating to Oil and Gas Sector.
  2. India has become the third largest aviation market in terms of domestic
    passenger traffic
    , according to an industry report by the Sydney-based
    aviation think-tank, Centre for Asia Pacific Aviation (CAPA).
  3. The Union Cabinet gave its
    approval to amend three existing Acts to facilitate the implementation of Goods and Services Tax (GST) regime.
  4. The Employees State Insurance Corporation (ESIC) on 26 March 2017 launched
    Mobile Clinic Services for Andhra Pradesh and Telangana.
  5. The Indian Navy successfully
    test-fired the short-range Barak
    surface-to-air missile from the aircraft carrier INS Vikramaditya.
  6. Indian Prime Minister Narendra Modi features among the names of probable contenders for Time
    magazine’s annual list of 100 most influential people in the world
    .
  7. HDFC Bank Managing Director Aditya Puri was on 25 March 2017 got featured in the World’s Best CEOs list
    of American financial magazine Barron’s
    . Puri ranked at 23rd position in the list beating social media giant Facebook’s
    CEO Mark Zuckerberg who got the 30th spot.
  8. The World Economic Forum (WEF) on
    22 March 2017 released the Global Energy
    Architecture Performance Index (EAPI) Report 2017
    . The index ranked 127
    countries on their ability to deliver secure, affordable and sustainable
    energy. In the report, while Switzerland
    occupied the top spot, India was placed in the 87th position.
  9. The eleventh edition of the Earth Hour was observed globally, including
    India, on 25 March 2017 from 8:30 pm to 9:30 pm local time.
  10. The 2017 International Day of Solidarity with Detained and Missing
    Staff Members
    was observed on 25 March 2017.
  11. The International Day of Remembrance of the Victims of Slavery and the
    Transatlantic Slave Trade
    was observed globally on 25 March 2017 with the
    theme “Remember Slavery: Recognising the Legacy and Contributions of
    People of African Descent”.
  12. The International Day for the Right to the Truth Concerning Gross Human
    Rights Violation
    s and for the Dignity of Victims was observed globally on 24 March 2017.
  13. Carrie Lam, a Beijing-backed civil servant, was on 26 March 2017
    chosen as the Chief Executive of the Hong
    Kong. With this, Lam becomes the first women to be named as
    the women chief of the financial hub.
  14. Renowned pulmonologist Randeep Guleria on 24 March 2017 was
    the Director of the All India Institute of Medical Sciences (AIIMS).
  15. Bhubaneswar will host the mens hockey World League Final 2017 and World
    Cup 2018
    , the International Hockey Federation (FIH) and the government of Odisha
    confirmed on Monday.
  16. India’s special athletes won 73 medals in the 2017 Special Olympics
    World Winter Games
    . The games were held between 18 March and 25 March 2017
    in Austria.
  17. West Bengal on 26 March 2017 lifted
    the Santosh Trophy for the 32nd time
    at the GMC Stadium, Bambolim, Goa.

Financial and Industry News –
Union Petroleum Ministry launches MoPNG e-Seva

  • Union Minister of Petroleum and
    Natural Gas Dharmendra Pradhan on 24 March 2017 launched MoPNG e-Seva, a
    dedicated grievances redressal platform on Social Media for all queries and
    grievances relating to Oil and Gas Sector.
  • The grievances will be dealt on real-time
    basis.
  • The MoPNG e-Seva portal will be a
    single point interface for all customers to reach out to the government for
    addressing their feedback or grievances related to Oil & Gas Sector on
    social media.
  • It will also deliver 24 x 7
    support for consumers.
  • It will serve as a single point
    for queries on Twitter and Facebook to begin with; and other social media
    platforms in due course.
  • A team of Nodal Officers from Oil
    Companies and Allied Services will be addressing the issues on real-time basis.
India becomes the third largest aviation market in domestic traffic

  • India has become the third
    largest aviation market in terms of domestic passenger traffic, according to an
    industry report by the Sydney-based aviation think-tank, Centre for Asia
    Pacific Aviation (CAPA).
  • According to the details in the
    report, India’s domestic passenger traffic stood at 100 million in 2016, which
    is only behind the US (719 million) and China (436 million).
  • India acquired the third position
    by beating Japan, the domestic passenger traffic of which stood at 97 million
    in 2016.
  • The domestic air traffic in India
    has shown a consistent growth of 20 to 25 per cent throughout 2015 and 2016
    with a peak in January 2017at 25.13 per cent.
  • According to CAPA, India, which
    is currently at the fourth position along with the UK in terms of overall air
    passenger traffic including both domestic and international air passenger
    traffic, is inching closer towards becoming the third largest one by March
    2018.
  • The same was confirmed by the
    head of CAPA India, Kapil Kail who said India will become the third largest
    market 2-3 years ahead of the projected time due to higher rate of growth.
Union Cabinet approved amendments to existing Acts to facilitate
implementation of GST

  • The Union Cabinet gave its
    approval to amend three existing Acts to facilitate the implementation of Goods
    and Services Tax (GST) regime.
  • The approval was given at a
    meeting of the Cabinet chaired by the Prime Minister Narendra Modi on 22 March
    2017 in New Delhi.
Following are the three existing
Acts which will be amended by the Parliament.
i. The Customs
Act, 1962
ii. The
Customs Tariff Act, 1975
iii. The
Central Excise Act, 1944

  • Besides, the Cabinet gave its
    approval to repeal the Central Excise Tariff Act, 1985.
  • The above proposals will result
    in the following benefits.
  • Insertion of Sections 108A and
    108B in the Customs Act, 1962 seeks to provide for furnishing of information
    relating to import or export of goods by specified persons.
  • This amendment will enable
    analysis and detection of cases of under or over-valuation in imports and
    exports, misuse of export promotion schemes including the Drawback Scheme.
New related to India and states –
Indian Navy to de-induct TU142M Long Range Maritime Patrol aircraft
after 29 years

  • Indian Navy on 26 March 2017
    decided to de-induct TU142M Long Range Maritime Patrol aircraft after 29 years
    of dedicated service to the nation.
  • The aircraft will be formally
    de-inducted on 29 March 2017 by Admiral Sunil Lanba, Chief of the Naval Staff
    at a ceremony to be held at INS Rajali, informally known as Arakkonam Naval Air
    Station. Rajali is located near Arakkonam, Tamil Nadu.
  • Reports suggest that to
    commemorate the stellar service of the TU142M aircraft, a TU Static Display
    aircraft will be inaugurated on the occasion at INS Rajali.
  • Besides, an Indian Navy statement
    says that the role of the TU142M will be taken by P-8I aircraft, which was
    inducted into the Indian Navy in recent past.
  • Commander Yogender Mair, the last
    Commanding Officer of the squadron with the TU 142M aircraft, will hand over
    the charge to Commander V. Ranganathan, who will be the first Squadron Commanding
    Officer with the P-8l.
ESIC launches Mobile Clinic Services in AP, Telangana

  • The Employees State Insurance
    Corporation (ESIC) on 26 March 2017 launched Mobile Clinic Services for Andhra
    Pradesh and Telangana.
  • With this, workers, who are
    covered by the ESI facility but unable to access the medical services due to
    location problems, can now easily avail the services through these Mobile
    Clinics.
  • ESI services cover around 48 lakh
    beneficiaries through 12 lakh insured persons in Telangana. There are a total
    of six ESI hospitals, 70 dispensaries, 149 panel clinics and two diagnostic
    centres in the state.
  • Telangana and Andhra Pradesh
    became the first states in the country to offer the facility of mobile clinics.
    Later, the service will be made available in other parts of the country as
    well.
  • These mobile clinics will serve
    the areas which are not covered by ESI Dispensaries in Telangana and Andhra
    Pradesh.
  • 13 mobile clinics were launched
    initially and among them 8 clinics would serve in Adilabad, Karimnagar,
    Warangal, Khammam, Nalgonda and Nizamabad districts in Telangana.
Arun Jailtley handed over DRDO developed products to Indian Navy

  • The Union Minister of Defence,
    Finance and Corporate Affairs Arun Jaitley on 24 March 2017 handed over the
    following three naval systems to the Indian Navy at a ceremony held in New
    Delhi.
i. USHUS-II
Submarine Sonar
ii. Directing
Gear for Hull Mounted Sonar Array
iii. RLG based
Inertial Navigation System for Ship Applications (INS-SA)

  • All these naval systems were
    developed indigenously by the Defence Research and Development Organisation
    (DRDO).  And, they were handed over to
    the Chief of the Naval Staff Admiral Sunil Lanba.
  • On this occasion, Arun Jaitley
    released two other products developed by the DRDO, namely, IP-based Secure
    Phone and the Gallium Nitride Technology.
Navy successfully test-fired Barak missile from INS Vikramaditya

  • The Indian Navy successfully
    test-fired the short-range Barak surface-to-air missile from the aircraft
    carrier INS Vikramaditya.
  • The firing was conducted between
    21 March and 23 March 2017 as part of the ‘Operational Readiness Inspection’ of
    the Western Fleet by Vice Admiral Girish Luthra, Flag Officer
    Commanding-in-Chief of Western Naval Command.
  • During the firing carried out in
    the Arabian Sea, the missile was fired against a live low flying high speed
    target. The Indian Navy officials confirmed that Barak engaged and destroyed
    the target successfully.
  • Barak Class Missiles are jointly
    developed by India and Israel.
Lists & Indexes –
PM Modi among Time magazine contenders for most influential people

  • Indian Prime Minister Narendra
    Modi features among the names of probable contenders for Time magazine’s annual
    list of 100 most influential people in the world.
  • The official list comprising
    names of leading artists, world leaders, lawmakers, scientist and leaders in
    technology and business field will be announced by the magazine next month.
Key Highlights

  • The final voting rights to decide
    among the probable contenders will lie in the hands of the publication’s
    readers.
  • The editors of Time will however,
    determine the ultimate honourees.
  • Modi’s name had been among the
    magazine’s last year’s list of probable contenders as well. 
  • He was also named among the
    publication’s 100 most influential people in the world in 2015.
  • In fact, former US President
    Barack Obama had written a profile for him in the magazine.
  • Indians in Times 100 most
    influential list 2016
  • The Indians who featured in the
    magazine’s 100 most influential people list 2016 include Bollywood actress
    Priyanka Chopra, tennis star Sania Mirza, Indian environmentalist and political
    activist Sunita Narain, Indian American physician Raj Panjabi,
    Flipkart-founders Binny Bansal and Sachin Bansal, Indian born CEO of Google
    Sundar Pichai and the then Reserve Bank of India (RBI) Governor Raghuram Rajan.
HDFC Bank MD Aditya Puri features in World’s Best CEOs list by Barron’s

  • HDFC Bank Managing Director
    Aditya Puri was on 25 March 2017 got featured in the World’s Best CEOs list of
    American financial magazine Barron’s. Puri ranked at 23rd position in the list
    beating social media giant Facebook’s CEO Mark Zuckerberg who got the 30th
    spot.
  • The top three positions in the
    list were secured by Mary Barra of General Motors, Gary Dickerson of Applied
    Materials and Stephen Hemsley respectively.
  • Microsoft’s CEO Satya Nadella got
    the fifth spot in the list.
WEF released Global Energy Architecture Performance Index Report 2017

  • The World Economic Forum (WEF) on
    22 March 2017 released the Global Energy Architecture Performance Index (EAPI)
    Report 2017. The index ranked 127 countries on their ability to deliver secure,
    affordable and sustainable energy.
  • In the report, while Switzerland
    occupied the top spot, India was placed in the 87th position.
  • Top performers come in all shapes
    and sizes: While many of this year’s top performers tend to be smaller
    countries, both in size of gross domestic product and population, and typically
    have advanced economies, a significant number of countries do not fit this
    mould.
  • European countries dominate the
    leader board: As in previous years, countries from Europe continue to hold many
    of the top 20 ranks on the EAPI. Colombia (8th), New Zealand (9th), Uruguay
    (10th) and Costa Rica (14th), which figured in the top 20, are the only
    exceptions.
  • The world’s biggest energy
    consumers are being outperformed: Major energy consumers of the world, both in
    the developed and developing world, continue to struggle to take leading
    positions on the EAPI.
Days –
Earth Hour observed on 25 March 2017

  • The eleventh edition of the Earth
    Hour was observed globally, including India, on 25 March 2017 from 8:30 pm to
    9:30 pm local time. The focus of the global event was to engage people in
    critical climate conversations and solutions.
  • From New York to New Zealand,
    Paris to Paraguay millions of citizens came together to celebrate the event.
  • 187 countries and territories celebrated
    the Earth Hour 2017. And, more than 3,000 landmarks switched off their lights
    and millions of individuals, businesses and organizations across seven
    continents stepped forward to change climate change.
  • More than 350 ambassdors and
    influencers joined the Earth Hour 2017.
  • Around 18,000 people donated
    their facebook feed that has a potential reach of 12 million users.
  • To mark the occasion, iconic
    monuments, including India Gate, Rashtrapati Bhawan, Red Fort, Akshardham
    Temple, Qutab Minar, Safdarjung Tomb and Lotus Temple switched off their
    lights.
International Day of Solidarity with Detained and Missing Staff Members
observed

  • The 2017 International Day of
    Solidarity with Detained and Missing Staff Members was observed on 25 March
    2017.
  • The day is observed each year on
    the anniversary of the abduction of Alec Collett.
  • The day aims to mobilize action,
    demand justice and strengthen United Nations’ resolve to protect the UN staff
    and peacekeepers, as well as their colleagues in the non-governmental community
    and the press.
  • As of 15 March 2015, 33 UN and
    associated personnel were detained by State authorities in 15 countries.  One staff member is missing and two
    contractors remain in the custody of abductors.
International day of Remembrance of the victims of Transatlantic Slave
Trade observed globally

  • The International Day of
    Remembrance of the Victims of Slavery and the Transatlantic Slave Trade was
    observed globally on 25 March 2017 with the theme “Remember Slavery:
    Recognising the Legacy and Contributions of People of African Descent”.
  • The theme aims to draw attention
    to the consequences of the Transatlantic Slave Trade, especially the ways in
    which the enslaved Africans and their descendants influenced and continue to
    shape societies across the world, including in the areas of technology and
    culture.
  • The theme also highlights the
    persistent spirit and innovation of the enslaved people.
International Day for Right to Truth Concerning Gross Human Rights
Violations 2017 observed

  • The International Day for the
    Right to the Truth Concerning Gross Human Rights Violations and for the Dignity
    of Victims was observed globally on 24 March 2017.
  • In particular, the day recognizes
    the important work and values of Archbishop Oscar Arnulfo Romero of El
    Salvador, who was assasinated on 24 March 1980, after denouncing violations of
    the human rights of the most vulnerable populations and defending the principles
    of protecting lives.
  • The Day aims to honour the memory
    of victims of gross and systematic human rights violations and promotes the
    importance of the right to truth and justice.
  • The day also pays tribute to
    those who have devoted their lives to, and lost their lives in, the struggle to
    promote and protect human rights for all.
Appointments –
Carrie Lam to be Hong Kong’s first female Chief Executive

  • Carrie Lam, a Beijing-backed
    civil servant, was on 26 March 2017 chosen as the Chief Executive of the Hong
    Kong. With this, Lam becomes the first women to be named as the women chief of
    the financial hub.
  • Lam will become the Chief
    Executive of Hong Kong on 1 July 2017. She was chosen for the post with 777
    votes while her closest rival John Tsang, the former financial secretary, was
    able to secure 365 votes.
  • She was chosen for the post amid
    protests and accusations that Beijing is denying a more populist leader to the
    city. Accusations say, 7.3 million people of the city has no say in deciding
    their leader in the China-ruled city. The leader of the city is chosen from
    among several candidates by a 1200-people election committee, which is stacked
    with pro-Beijing and pro-establishment loyalists.
Randeep Guleria appointed as Director of AIIMS, New Delhi

  • Renowned pulmonologist Randeep
    Guleria on 24 March 2017 was the Director of the All India Institute of Medical
    Sciences (AIIMS).
  • The appointment was made by the
    Appointment Committee of the Cabinet (ACC), headed by Prime Minister Narendra
    Modi. Dr Guleria has been appointed as Director, AIIMS, for five years.
  • Dr Guleria will succeed Dr M C
    Mishra, who retired in January 2017 after serving for over three years.
Sports News –
Odisha to host hockey World League Final 2017, World Cup 2018

  • Bhubaneswar will host the mens
    hockey World League Final 2017 and World Cup 2018, the International Hockey
    Federation (FIH) and the government of Odisha confirmed on Monday.
  • It was also confirmed that Odisha
    will be the title sponsor of both events. As a result, the official event
    titles will be the Odisha Men’s Hockey World League Final Bhubaneswar 2017 and
    the Odisha Hockey Men’s World Cup Bhubaneswar 2018, according to the FIH’s
    official statement.
  • Fans will descend upon the
    Kalinga Stadium in Bhubaneswar to share the glory of two of hockey’s biggest
    events, where World League and World Cup champions will be crowned.
  • The multi-purpose stadium, built
    in 2010, has facilities for athletics, football, basketball, tennis,
    table-tennis and swimming, ensuring that it is well-equipped to host
    international sporting events.
India won 73 medals in 2017 Special Olympics World Winter Games

  • India’s special athletes won 73
    medals in the 2017 Special Olympics World Winter Games. The games were held
    between 18 March and 25 March 2017 in Austria.
  • India dominated in three team
    events – Floor Hockey (male), Unified Floorball and Traditional Floorball.
  • Cumulatively, Indian athletes won
    30 medals in these three games, which was also the highest tally in a single
    day. Along with this, the special women team also won 16 bronze medals.
  • An important gold medal came in
    the Unified Floorball (Male) event, where India defeated Nigeria, while the
    Floor Hockey team crushed Lithuania 7-2.
Sebastian Vettel beats Lewis Hamilton to win Australian Grand Prix

  • Ferrari’s Sebastian Vettel on 26
    March 2017 defeated Mercedes’ Lewis Hamilton to clinch the 2017 Australian
    Grand Prix.
  • It was Vettel’s first win since
    the Singapore Grand Prix in September 2015.
West Bengal wins 2016-17 Santosh Trophy

  • West Bengal on 26 March 2017
    lifted the Santosh Trophy for the 32nd time at the GMC Stadium, Bambolim, Goa.
  • West Bengal’s Manvir Singh struck
    in the 119th minute for a 1-0 win over Goa.
  • With the win, West Bengal ended a
    six-year wait having last won the title in 2011. Goa last won the title in the
    year 2009.
World –
World Conference on Environment 2017 concluded

  • The World Conference on
    Environment 2017 concluded on 26 March 2017 in New Delhi. While the two-day
    long conference was inaugurated by the President Pranab Mukherjee on 25 March
    2017, the Union Home Minister Rajnath Singh attended the closing ceremony at the
    Vigyan Bhawan.
  • Supreme Court Justices, Chief
    Justices of various High Courts, Union Cabinet Ministers and distinguished
    invitees from India and abroad were the chief guests in various technical
    sessions of the conference.

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