Important Current Affairs 7th March 2018

Important Current Affairs 7th March 2018

Current Affairs 7th March 2018: NATIONAL NEWS

Approval of Mediation and Conciliation (Amendment) Bill, 2018

●        The Union Cabinet has approved the introduction of mediation and reconciliation legislation, 2018 in the Lok Sabha.
●        It is part of the government's effort to encourage institutional arbitration to resolve disputes and it makes India a center of strong alternative dispute resolution (ADR) system.
●        The amendment to the Act of 1996 will help in achieving the goal of improving institutional mediation by setting a standard, facilitating the arbitration process, and establishing an independent institution to execute the matter in a timely manner.

Business Division, Business Division and High Court Division of Business Division (Amendment) Bill 2018

●        In order to present the Union Cabinet under the chairmanship of Prime Minister Shri Narendra Modi, the Business Division, Commercial Division and High Courts have approved the Business Division (Amendment) Bill 2018.
●        In the Bill, the specified value of commercial dispute has been reduced to Rs. 3 lakhs from the current one crore rupees.
●        This will reduce the time it takes to solve lesser commercial disputes (at present 1445 days) and improve the ranking of India in Is of Doing Business.

Approval of Memorandum of Understanding between Union Public Service Commission and Public Service Commission of Mauritius

●        The Union Cabinet has approved the signing of the Memorandum of Understanding between the Union Public Service Commission and the Public Service Commission of Mauritius.
●        The Memorandum will strengthen the existing relationship between the Union Public Service Commission and the Public Service Commission of Mauritius.
●        This will facilitate exchange of experiences and expertise of the two sides in the recruitment area.
 
 
Approval of Memorandum of Understanding on renewable energy cooperation between India and Helenik

●        The Union Cabinet was apprised of the agreement on cooperation between India and Helenik in renewable energy sector.
●        This MoU was signed in November 2017 during the visit of His Excellency Foreign Minister, His Excellency Nicos Kottajeet to New Delhi.
●        On behalf of India, the MoD was signed by External Affairs Minister Smt. Sushma Swaraj and Helenik Foreign Minister HE NICHOS Kottajeet.

Freedom Sainik Samman Yojana (SSY) approved to continue during 2017-2020

●        The Union Cabinet has approved the continuation of Freedom Sainik Samman Yojana (SSY) during the 2017-2020 even after the 12th Five Year Plan.
●        The period of 12th Five Year Plan has expired on March 31, 2017.

 The number of child marriages declined sharply in India: UNICEF

●        United Nations Children's Fund (UNICEF) said on March 6, 2018, that 10 years ago, 47 percent of girls were married before the age of 18, which has now decreased to 27 percent.
●        UNICEF reported that the figures of child marriage decreased globally.
●        According to the report, the rate of child marriage decreases is satisfactory.
 
 Konrad Sangma sworn in as Chief Minister of Meghalaya

●        National People's Party (NPP) president, Konrad Sangma took oath as Chief Minister of Meghalaya on March 06, 2018.
●        Governor Ganga Prasad administered him oath of office and secrecy.
●        Conrad Sangma had earlier met Governor Ganga Prasad claiming to form a government.
●        After this, the Governor of Meghalaya invited Konrad Sangma to form the government.
 
Women in India get 20% less salaries than men: report

●        In the recently released Monster Salary Index, it was reported that working women in India receive 20 percent less salary compared to men.
●        The survey report released on March 07, 2018, one day before International Women's day by Monster.com.
●        Monster has been conducting surveys on people working in India for the last few years, from which the current working trend is detected in the country based on the data obtained.
 
Nitin Gadkari launches complete Computerized Vehicle Training Facility

●        The Union Minister of Road Transport and Highways, Shipping, Water Resources, River Development and Ganga Conservation Minister, Shri Nitin Gadkari has announced that the entire process of licensing the drivers of heavy vehicles will soon be fully computerized.
●        Human intervention will not happen in this entire process.
●        Inaugurating the District Vehicle Training Center in New Delhi today, he said that the entire process of providing such a driving license will be fully computerized.

Current Affairs 7th March 2018: GLOBAL NEWS

India and France ratify an agreement to reduce drug abuse, substance abuse, trafficking of their chemical compounds and related crimes and prevent illegal use.

●        The Union Cabinet has approved an agreement between India and France to reduce the trafficking of narcotics, substances, their chemical compounds and reduce the related crimes and prevent illegal use.
●        The objective of this agreement is to increase the cooperation between the two countries to reduce drug trafficking, toxic substances, to reduce trafficking in their chemical compounds and to prevent illegal use.

In the context of "mutual recognition of academic qualification" approval for signing a agreement between India and France

●        The Union Cabinet has signed an agreement between India and France for the period of study of students in approved, accredited educational institutions in the context of "mutual recognition of academic qualifications" and in both countries. has approved.
●        The agreement is expected to be signed during the forthcoming India visit of the French President.
 
Approval of cooperation between India and France in the field of environment

●        The Union Cabinet has approved the cooperation between India and France in the field of environment.
●        This cooperation agreement will help in promoting close and long-term cooperation between the two countries in the field of environmental protection and management of natural resources.
●        Under this, there will be cooperation on the basis of statutory laws of both countries, in view of equal equality, mutual cooperation and mutual benefit.
 
India and France approved the signing of the Migration and Mobility Partnership Agreement

●        The Union Cabinet has approved the signing of the Migration and Mobility Partnership Agreement between India and France.
●        The agreement is expected to be signed during the forthcoming India visit of the French President.
●        The agreement will prove to be an important milestone in strengthening cooperation between the people of both the countries, increasing the movement of students, academics, researchers and skilled professionals, and on the issues related to illegal migration and issues related to human trafficking between the two parties.
 

France declares 15 years of age for consensual sex

●        Department Minister Murlen Ceipa, who ensured gender equality in France, recently told the media that the consent of the French government will soon be 15 years of age for sex.
●        If the government does this then sex with a person below 15 years of age will be considered as a rape.
●        This case was raised after sex with recently adopted girls of 11 years and consensus was made at the age of 15 years.
●        A new law will be presented before the Cabinet on March 21.
 
In the list released by Forbes, Jeff Bezos is the world's richest person
 
●        American magazine Forbes released the list of Aamir people in the world in March 2018.
●        Jeff Bezos, Amazon's e-commerce company, has become the world's richest person on the list released by Forbes this year.
●        According to Forbes, Jeff Bezos net worth is approximately $ 127 billion. Earlier this record was the name of Microsoft founder Bill Gates.

Current Affairs 7th March 2018: ECONOMY

Central Government employees sanctioned 2 percent dearness allowance
●        The Union Cabinet approved the additional installment of dearness allowance to the Central Government employees and release of dearness relief to pensioners.
●        This will be effective from January 1, 2018.
●        In view of inflation, the provision of increase in basic pay / pension rate of 5 percent to 2 percent has been made.
●        This step will benefit about 48.41 lakh employees and 61.17 lakh pensioners of the Central Government.