Current Affairs
Select Date
Tags:
Hindi

Important Current Affairs 14th March 2020

National

Cabinet approves to release additional instalment of Dearness Allowance and Dearness Relief

 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01 January 2020.

 The Modi Government has approved 4 percent increase in DA/DR over the existing rate of 17 percent of the Basic Pay/Pension, to compensate for price rise.

 The new rate will become 21 percent of Basic Pay/Pension.The increase is based on the recommendations of the 7th Central Pay Commission.

Cabinet approved construction of 780 Km of green highways in four states

• Union Cabinet approved a proposal for the construction of 780 kilometer of green highways on 13 March 2020.It was announced by the Union Minister Prakash Javadekar.

• The project aims to rehabilitate and upgrade various National Highways in four states, namely Andhra Pradesh, Himachal Pradesh, Rajasthan, and Uttar Pradesh.

• A total sum of Rs.7,660 crore has been allotted for the purpose.

Banking and Economy

UBS predicts India’s GDP for FY20 at 4.8% and FY21 at 5.1%

 Swiss brokerage firm UBS has reduced the GDP rate prediction for India for FY20 and FY21.

 For FY20, UBS predicts India’s GDP growth at 4.8% and for FY21, the GDP growth rate for India is predicted at 5.1%.

The Census India 2021 has been decided to be conducted in two phases.

• The Census India 2021 will be conducted in two phases, namely house listing and House Census and Population Enumeration.

• The first phase will begin from 1 April 2020. Census will continue until 30 September 2020.

• The second phase is Population Enumeration, which will be conducted from 9 February to 28 February 2021 throughout the country simultaneously.

• Indian census is the largest single source of a range of statistical data on different characteristics of the people of the country.The reliable and time-tested exercise has resulted in the comprehensive collection of data that is related to the people of India every 10 years.

SBI Gets approval to invest Rs 7,250 crore in Crisis Hit Yes Bank

 India’s largest lender State Bank of India (SBI) has received the approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank.

 SBI’s executive committee of central board (ECCB) held a meeting on March 11 and approved to purchase 725 crore shares in Yes Bank at a price of Rs 10 per share subject to all regulatory approvals

 Also, the bank’s shareholding in Yes Bank will remain within 49 percent of the paid up capital of the private sector lender.

Appointments and Resignations

Bill Gates resigns from Microsoft’s board

• Microsoft founder Bill Gates stepping down from Microsoft’s board of directors.

• He wants to dedicate more time to his philanthropic priorities including global health, development, education, and his increasing engagement in tackling climate change.

• He also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he had served since 2004.

Ranking

India’s 1st Living Culinary Arts Museum enters Limca Book of Records

• Welcomgroup Graduate School of Hotel Administration (WGSHA) of Manipal Academy of Higher Education (MAHE) entered the Limca Book of Records (LBR) for establishing “India’s First Living Culinary Arts Museum” at WGSHA, Manipal, Karnataka.

• The museum was opened in the year April 2018, spread approximately over 25,000 square feet & the structure of the museum is shaped in the form of a giant pot.

Island of Niue declared world’s first ‘Dark Sky nation’

 The island of Niue has become the world’s first whole country recognised as a ‘Dark Sky Place.

 The International Dark-Sky Association’s (IDA) has approved the island’s application for the protection of its sky, land and sea.

Days

International Pi Day

• International Pi (π) day is observed on 14 March.

• The day was chosen as 3, 1, and 4, which are the first three significant digits of π.

• Pi is one of the most well-known mathematical constants. It is the ratio of a circle’s circumference to its diameter. It is represented by the lower-case Greek letter π.

International Day of Mathematics

• Every year, March 14 is celebrated as the International Day of Mathematics (IDM).

• The theme for 2020 IDM is “Mathematics is Everywhere“.

• The day was initiated by the International Mathematical Union (IMU) to celebrate the beauty and importance of mathematics and its essential role in everyone’s life.

All Rights Reserved Top Rankers