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Important Current Affairs 1st April 2019

BANKS AND ECONOMICS:

KIIFB raised Rs.2,150 crore via masala bonds.

• Kerala Infrastructure Investment Fund Board (KIIFB), a State government agency, said it has raised Rs.2,150 crore through its masala bond issue.

• This is not just the first-ever offshore capital market issuance from a State-level entity from India but also the largest dual currency issue by a sub-sovereign backed entity from emerging markets and Asia. The issue saw strong participation from investors.

RBI announced branches of Vijaya, Dena Bank to function as BoB outlets.

• Reserve Bank of India said that the branches of Vijaya Bank and Dena Bank will function as Bank of Baroda (BoB) outlets from April 1. This is after the amalgamation of the two lenders with Bank of Baroda (BoB).

•  The merger will be effective from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank, will be treated as customers of BoB with effect from April 1.

INTERNATIONAL:

Russia has opened a helicopter training centre in Venezuela.

• Rosoboron export, Russia’s arms export company, has opened a training Centre for military helicopter pilots in Venezuela after Moscow flew in troops and equipment. The export wing of Russia’s arms corporation said that the helicopter training centre opened with Russian and Venezuelan specialists participating.

• The Centre that trains pilots to fly Russian-built Mil helicopters was built on the basis of a contract between Rosoboronexport and state-run Venezuelan Military Industrial Company Cavim. The announcement came after two Russian military planes landed a week ago at the main airport outside Caracas and offloaded equipment and troops. The military specialists are apparently helping to fix a malfunctioning Russian S-300 ground-to-air missile system.

Tesla Builds Its Largest Energy Storage System In Asia.

• Tesla developed its ‘largest power storage system in Asia’ at Osaka train station in Japan to reduce energy demand and provide emergency backup power to trains in Japan.  It was Launched in partnership with Kintetsu, a railway operator in Japan’s Osaka. About Tesla CEO: Elon Musk  Owner: Elon Musk Production output: 245,162 vehicles (2018) Founders: Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright 

GRSE becomes 'first' Indian shipyard to deliver 100 warships.

• Garden Reach Ship Builders and Engineers Ltd (GRSE) became the "first Indian shipyard" to build and deliver 100 warships. GRSE Chairman and Managing Director, Rear Admiral (Retd) V K Saxena, formally handed over the 100th warship -- 'IN LCU L-56' -- to the Indian Navy.

• In the last 59 years, the company has built around 780 platforms, including 100 warships to the Indian Navy, the Coast Guard, and the Mauritius Coast Guard. About GRSE: GRSE - Garden Reach Ship Builders and Engineers Ltd. It is one of India's leading shipyards. Located in: Kolkata, West Bengal. Founded: 1884.

NATIONAL:

Centre turned down Bengals request for paramilitary forces.

• The Ministry of Home Affairs has turned down Mamata Banerjee government’s plea to retain 35 companies of Central forces, adding up to over 3,000 paramilitary personnel posted in areas that were earlier dominated by the outlawed Communist Party of India-Maoist.

• The State government has since then written to the Ministry to reconsider the decision, noting that the move might re-ignite the Maoist problems in the region. In its reply, the Ministry had informed the State of its decision to pull out the 35 companies of Central forces and deploy them on election duty in other parts of West Bengal.

In a first, Meghalaya polling booths to get ballot papers in braille.

• For the first time in Meghalaya, braille-enabled ballot papers will be made available at all polling booths.  The ballot paper pasted on the EVMs will have the names and symbol of candidates in braille alphabets. The move will facilitate more than 800 visually impaired electorates to vote by a secret ballot.

ISRO opens its 1st visitors gallery to watch rocket launches.

• In a first, The Indian Space Research Organisation (ISRO) opened a visitors' gallery with 5,000 capacity at Andhra Pradesh's Sriharikota island. The gallery has a clear line of sight to two launch pads and large screens to explain launcher and satellite features. This comes as ISRO is launching defence satellite EMISAT along with 28 foreign satellites on April 1, 2019.

AWARDS AND HONOUR:

Dr Rajendra Joshi Conferred With Pravasi Bharatiya Samman.

• NRI scientist Dr Rajendra Joshi conferred with the Pravasi Bhartiya Samman Award by the President of India Ram Nath Kovind.  The Indian Ambassador to Switzerland Sibi George handed over the award citation signed by the President to Dr Joshi at his residence in Switzerland.

SPORTS:

Roger Federer won Miami Open 2019 title.

• Switzerland’s Roger Federer defeats USA’s John Isner in straight sets to lift his 101st career title at the Miami Open 2019. Federer is now behind only America’s Jimmy Connors with 109 career singles titles. 

• Roger Federer has lifted his fourth title at the Miami Open. It is Swiss player’s 28th Masters’ title and the 101st overall for a player who has won 20 Grand Slam singles titles.

South Korea won Azlan Shah Cup by defeating India.

• India has lost to South Korea in the final of Sultan Azlan Shah Hockey tournament at Ipoh in Malaysia. South Korea lifted the title, defeating India in a shoot out 4-2. Hosts Malaysia defeated Canada 4-2 and secured the 3rd place.

• Asian games Gold medalist Japan stood at 5th place, defeating Poland 6-1.

APPOINTMENTS:

ECI apppointed Viswajeet as Intelligence Chief for AP.

• The Election Commission of India appointed Additional Director-General of Police Kumar Viswajeet as Intelligence Chief for Andhra Pradesh. A 1994 batch IPS officer, Mr. Viswajeet, is presently Chairman of the Andhra Pradesh State Level Police Recruitment Board (APSLPRB).

• He will take charge immediately. The top post fell vacant with the Election Commission transferring former Intelligence DG, A.B. Venkateswara Rao. The Intelligence wing plays a key role in guiding the police and the election authorities on mobilisation of forces in critical and cut-off villages.

Mahesh Singh is appointed the Flag Officer Commanding Karnataka Naval Area.

• National Defence Academy, Rear Admiral Mahesh Singh takes charge as the Flag Officer Commanding Karnataka Naval Area. Mahesh Singh is a post graduate from Defence Services Staff College and he headed Navigation and Direction School at Kochi and the Maritime Warfare Centre at Vishakhapatnam. He was a commissioned into the Indian Navy in January 1987.

Air Marshal NS Dhillon to be designated as new Strategic Forces Command (SFC) Chief.

• Fighter pilot Air Marshal Navkaranjit Singh Dhillon has been appointed as the new Strategic Forces Command Chief.  He will succeed in Jasbir Walia. He was commissioned as a fighter pilot in the Indian Air Force on December 1981. He has experience as a Commanding officer in MiG-21 Sqn and as a Chief Operating Officer of a premier flying base.

Executive Director of ICICI, Vijay Chandok appointed as MD and CEO of ICICI Securities 4.

• Executive Director of ICICI Bank, Vijay Chandhok appointed as MD and CEO of ICICI Securities, a subsidiary of ICICI bank. He will succeed Shilpa Naval Kumar. He joined the ICICI Group in 1993. At present, he is on the boards of ICICI Bank UK PLC and ICICI Bank Canada and is the Chairman of ICICI Investment Management Company.

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