Important Current Affairs 13th April 2019

NATIONAL:

Indian Railways unrolls new quota for foreigners and NRIs to book tickets.

• Indian Railways is one of the leading railway systems in the world. With new enthusiasm, Indian Railways introducing new schemes for the betterment of services and exciting plans.

• Indian Railways lifted restrictions so that now Foreigners and NRIs can book tickets in all classes. The foreign tourists who travel in Indian trains are allowed to book tickets in the first AC, second AC and executive classes through IRCTC website up to 365 days in advance.

• Under the FTQ category, the Railways has allocated four berths per coach in a sleeper and 3rd AC classes while seats have been parked per coach in chair car classes.

Nizamabad Lok Sabha Seat May Enter Guinness Book With Record EVMs.

• Nizamabad Lok Sabha constituency in Telangana, which went to elections, may well get into the Guiness Book of World Record for the use of largest number of Electronic Voting Machines (EVMs). 

• With a high number of 185 candidates, including 178 farmers, in the contest, the Election Commission (EC) used 12 EVMs in each booth in the constituency. In any constituency, usually one or maximum four EVMs are used with one control unit in each booth, but in Nizamabad, 12 EVMs were linked to one control unit and the constituency has 1,778 polling centres.

• The EC used M3 type EVMs which can support up to 24 BUs (ballot Units). Each BU will have 24 names. Besides, large number of BUs, the EC used 2,200 Control Units and about 2,600 VVPATs for Nizamabad Constituency.

• This new version of EVMs was developed by the Electronics Corp of India Ltd (ECIL) and Bharat Electronics Ltd (BEL).

INTERNATIONAL:

SpaceX launched its first commercial mission.

• SpaceX’s Falcon Heavy, the most powerful operational rocket in the world, launched its first commercial mission from Florida in a key demonstration for billionaire entrepreneur Elon Musk’s Space Company in the race to grasp lucrative military launch contracts.

• The 23-story-tall Heavy, which previously launched Musk’s cherry red Tesla roadster to space in a 2018 debut test flight, blasted off from Florida’s Kennedy Space Center carrying its first customer payload.

AGREEMENTS AND MOUS:

Google partners with MMTC-PAMP India.

• Google has partnered with bullion refiner MMTC-PAMP India to allow Google Pay users to buy and sell gold through the app.

• Through this partnership with India’s only LBMA-accredited gold refinery, Google Pay users will be able to buy 99.99% 24-karat gold. This type of service is already offered by the likes of Paytm, Mobikwik, and PhonePe.

AITA signs MoU with STF to train Indian junior players.

• The All India Tennis Association (AITA) has signed a Memorandum of Understanding (MoU) with Serbian Tennis Federation (STF) to train Indian junior players under world-renowned Serbian coaches at the R.K. Khanna Stadium, New Delhi.

• The MoU was signed on 10th April by AITA Secretary-General Hironmoy Chatterjee and STF CEO Dusan Orlandic. Trainers and coaches from Serbia will come to India for a week/ two-week camp in the under-12, 14, 16 and 18 categories.

Tata Trust and Microsoft signed MoU to support handloom weaving community.

• Tata Trusts and Microsoft India have signed a Memorandum of Understanding (MoU) to jointly rejuvenate the handloom clusters in the eastern and north-eastern parts of the country.

• Project ReWeave: Microsoft’s Project ReWeave will help preserve traditional weaving forms by upskilling workers, designing and marketing merchandise, and creating sustainable livelihood options.

• Microsoft will also enable digital training through Project Sangam, a Microsoft Azure-based Learning Management System, which provides necessary training and tools to weaving communities to help them realise their full potential. Antaran initiative: Tata Trusts’ initiative, Antaran, aims at rejuvenating ailing handloom clusters through an end-to-end programme.

•  Intensive work has been initiated in Odisha, Assam and Nagaland. The programme will benefit 3,000 artisans directly involved in pre-loom, on-loom and post loom processes, impacting the livelihood of weavers in six weaving clusters in these three States. Craft sector is the country’s largest source of employment after agriculture.

BANKS AND ECONOMICS:

Hong Kong’s stock market overtakes Japan to become worlds 3rd largest.

• According to Bloomberg,  Hong Kong has overtaken Japan as the world’s third largest stock market – after the U.S. and mainland China.

• Hong Kong’s market cap was $5.78 trillion as of April 2nd week, compared with $5.76 trillion for Japan.

•  Internet giant Tencent Holdings Ltd. has been the main driver with a 22 percent gain. Hong Kong’s Hang Seng Index climbed 17 per cent this year through Tuesday, when it closed at its highest since June 15. Japan’s Topix Index advanced 8.3 percent in that period.

APPOINTMENTS AND RESIGNATIONS:

Nitin Chugh likely to be appointed as MD & CEO of Ujjivan Small Finance Bank.

• Nitin Chugh, digital banking head of private sector lender HDFC Bank, is likely to succeed Samit Ghosh, the Managing Director and Chief Executive of Ujjivan Small Finance Bank. Mr.Ghosh, who is also the founder of Ujjivan SFB, will retire in November 2019.

• The Bengaluru-based small finance bank has already applied to the Reserve Bank of India (RBI) for approval to appoint Mr.Chugh as the Managing Director and Chief Executive Officer. Mr.Chugh has over 23 years of experience.