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Important Current Affairs of 10th March

NATIONAL:

Google launches 'Bolo' app to help children read in Hindi, English

• Google has launched a new app called Bolo, which aims to help students with their reading and comprehension skills and will help them read out aloud in English and in Hindi.

• The app features an animated character 'Diya', who encourages children to read stories aloud and helps if the child is unable to pronounce a word.

• Bolo will also be a free app and relies on Google’s speech recognition and text-to-speech technology.

Southern Railway gets a boost; Kerala to get a new coaching terminal in Nemom

• Minister of Railways & Coal, Shri Piyush Goyal laid the foundation stone for New Coaching Terminal at Nemom and unveiled WAP-7HS passenger locomotive through video conferencing here today. Shri Ghanshyam Singh, Member (Traction), Railway Board, Shri Rajesh Agarwal, Member (Rolling Stock), Railway Board, Shri Vishwesh Chaubey, Member (Engineering), Railway Board and other Senior Railway Officers were present on this occasion.

• Shri Piyush Goyal said that the present Government has consistently focused on development for all areas in the country

• The main focus has been on large scale infrastructure creation both physical and social.

Telangana govt forms SIT to probe data theft case

• The Telangana government formed a Special Investments in-depth probe into the alleged electoral rolls data theft.

• The Telangana government formed a Special Investments in-depth probe into the alleged electoral rolls data theft.

• The SIT will have three IPS officers, two DSPs and a few instants A YSR Congress leader had lodged a complaint with the Cyberattack.

• YSRCP president YS Jaganmohan Reddy alleged that the TDP president and chief minister N Chandrababu Naidu.

Centre to launch work from home jobs in the IT sector

• The government is working on a scheme to push work-from-home jobs in the IT sector by offering financial incentives to both employees and employers. Incentivising work-from-home jobs through policy-level initiatives can help in creating jobs in the ITES domain while increasing the available talent pool for the sector.

• This will create employment opportunities in the IT/ITES industry, especially for women and differently-abled persons. Currently, the scheme is proposed for a three-year period till March 31, 2022, with an outlay of about Rs.270 crore to create about 50,000 work-from-home jobs.

• The initiative is likely to be launched as phase II of the IT Ministry’s India BPO Promotion Scheme that incentivises firms to set up operations in tier-2 and tier-3 cities in the country. The scheme, launched in 2016, had an outlay of about Rs. 500 crore with an objective to create about 1.45 lakh jobs.

BANKS AND ECONOMY:

DBS plans to triple balance sheet size in 5 years as a WoS

• Singapore’s DBS Bank plans to grow its balance sheet size threefold in five years. DBS recently started operations in India as a wholly owned subsidiary (WoS). The bank is expected to close the financial year with a balance sheet size of Rs.50,000 crore.

• In 2018, the bank infused Rs.1,800 crore capital while transforming itself into a WoS. The total capital of the bank now stands at Rs.7,700 crore, with a capital adequacy ratio of more than 19%. The loan book, which is about Rs. 20,000 crore, is predominantly made up of corporate loans while the share of retail is less than 10%. The deposit base of the bank is about Rs. 30,000 crore.

• DBS aims to grow the retail so that it contributes 30% of the income and profitability over the next few years.

AWARDS AND PRIZES:

Arata Isozaki won Pritzker Architecture Prize

• Arata Isozaki, a prominent Japanese architect renowned for his versatility and transnational approach to design, has won his field's highest accolade, the Pritzker Architecture Prize.

• He is the 46th person and eighth Japanese architect to receive the Pritzker Prize.

President Ram Nath Kovind to give Nari Shakti awards on International Womens Day

• International Women’s Day is being observed on 08th March. Governments, NGOs and other organisations across the world observe the day on the 8th of March every year to highlight the achievements of women.

• The theme for this year’s women’s day is ‘Think Equal, Build Smart, Innovate for Change’.

• The purpose of the theme is to achieve gender equality by putting innovation by women and girls, for women and girls, at the heart of efforts.

RESIGNATION:

Kummanam Rajasekharan Resigns as Mizoram Governor

• Mizoram Governor Kummanam Rajasekharan stepped down from his post. Governor of Assam, Prof. Jagdish Mukhi, has been given temporary charge of the Aizawl Raj Bhavan.

• Mr. Rajasekharan, who was former State president of the BJP in Kerala, sworn in as Governor of Mizoram in May 2018.

INTERNATIONAL:

China hikes defence budget to USD 177.61 billion, turns second highest spender

• China has increased its defence budget by 7.5 per cent for this year, hiking it to USD 177.61 billion from last year's USD 175 billion.

• It is over three times India's defence budget.

• With this increase, China becomes the highest defence spender on defence after the United States.

• India's defence budget this year was increased by 6.87 per cent to Rs 3.18 lakh crore against last year's allocation of Rs 2.98 lakh crore.

France reiterates support for India’s permanent seat in reformed UNSC

• France, which assumed the March Presidency of the United Nations Security Council (UNSC), has reiterated its support for India as the permanent member of the powerful UN organ. It said that the UNSC’s enlargement is the first crucial part towards its reform.

• India has been calling for the reform of the UN Security Council along with Brazil, Germany, and Japan for long, emphasizing that it rightly deserves a place at the UN high table as a permanent member.

• It also stressed that the UN cannot be recognised as a centre of gravity for multilateralism throughout the world unless it can step up partnerships and focus should also be made on openness to civil society, business world, NGOs and trade unions, which are all stakeholders that breathe life into the UN.

SPORTS:

Yomif Kejelcha sets world indoor mile record with a time of 3min 47.01sec

• Ethiopia's Yomif Kejelcha smashed the world indoor mile record with a time of 3min 47.01sec at the Bruce Lehane Invitational in Boston. The 21-year-old broke a record of a mark of 3:48.45 set by Morocco's Hicham El Gerrouj on February 12, 1997.

• It was third time lucky for Kejelcha, who narrowly missed out on breaking world indoor records in his two previous races. He finished just 0.01 outside the world indoor mile record at the Millrose Games with a time of 3:48.46, and was then beaten to the world indoor 1,500m record in Birmingham one week later when compatriot Samuel Tefera won in 3:31.04.

EXTRAS:

HIV remission achieved via stem cell transplantation

• In a significant development, a person with HIV infection has been reported to be experiencing remission for the last 18 months after antiretroviral therapy (ART) was stopped following stem-cell transplantation in London. Remission is when HIV RNA (ribonucleic acid) is undetectable in blood. ART is used for treating HIV.

• The person with HIV was diagnosed with advanced Hodgkin’s lymphoma, a form of cancer, in 2012. To treat cancer, stem cells which give rise to blood cells were transplanted from a donor who had two mutant copies of a co-receptor for HIV infection. This exercise was carried out in London.  The co-receptor (CCR5) is used by the HIV virus to gain entry into host cells in humans. But a mutant does not allow the virus to enter the host cells and hence makes the person resistant to HIV infection.

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