 India and Pakistan have agreed to work expeditiously on operationalizing the Kartapur corridor. The corridor will facilitate Indian pilgrims to visit the holy shrine of Gurdwara Darbar Sahib at Kartarpur in Pakistan. The agreement was reached during the first meeting between the representatives of the two countries held at Attari in Punjab. |
| Source- AIR World Service |
 Exercise Sampriti-VIII, a joint Indo-Bangladesh military exercise which witnessed participation of a company group of 9th Battalion the Rajputana Rifles from the Indian Army and the Company of 36 East Bengal Battalion, Bangladesh Army concluded at Tangail, Bangladesh. The closing ceremony was graced by HE Mrs. Riva Ganguly Das, Indian High Commissioner who highlighted the special bonds between the two nations. The exercise was the 8th edition in the Sampriti series, which started in 2009. |
| Source- Press Information Bureau (PIB) |
 The Reserve Bank of India (RBI) has decided to use a new tool for the first time to enhance liquidity in the system using which it will buy $5 billion from the banks in a swap deal that is capable of injecting around Rs. 35,000 crores into the system. Banks will have to deposit dollar funds with RBI with the condition of buying them back from RBI after 3 years. Minimum bid size for the auction has been fixed at $25 millionand multiple bids submission by banks will be allowed. However, the aggregate amount of bids submitted by a single eligible entity should not exceed the notified amount of auction. |
| Source: Bloombergquint |
 World Consumer Rights Day is celebrated every year on 15 March as part of an initiative by Consumer International, a membership organization for consumer groups around the world. The theme for World Consumers day 2019 is “Trusted Smart Products”. World Consumer Rights Day was inspired by President John F Kennedy, who sent a special message to the US Congress on 15th March 1962, in which he formally addressed the issue of consumer rights. He was the first world leader to do so. |
| Source- www.consumersinternational.org |
 A recent study published in PLOS Biology found that human impacts on species occur across 84% of the earth’s surface and India ranks 16th in such impacts, with 35 speciesimpacted on an average. Malaysia ranks 1st among the countries with the highest number of impacted species (125). Southeast Asian tropical forests, including those in India’s Western Ghats, Himalaya, and north-east, are among the ‘hotspots’ of threatened species. However, these very areas are also ‘cool-spots’ (the world’s last refuges where high numbers of threatened species still persist). |
| Source: The Hindu |
 India has extended a grant assistance of up to USD 250 million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9,000 people. During the India-Nepal Joint Project Monitoring Committee meeting, officials from the two countries reviewed the progress of post-earthquake reconstruction projects. |
| Source- Business Standard |
 The 9th round of the India-US Strategic Security Dialogue was held in Washington DC. Both sides reaffirmed to deny Weapons of Mass Destruction to non-state actors and work towards setting up US nuclear plant in India agreement. The two sides committed to strengthen bilateral security and civil nuclear cooperation, including the establishment of 6 U.S. nuclear reactors in India. |
| Source: Economic Times |
 Special Olympics World Games 2019 which is being held from March 14 to March 21 in the UAE has made history by welcoming a record-breaking 200 nations ahead of the Games. Of the 200 nations, 195 will compete in the Games and five will observe. It is being held in West Asia for the first time. 7,500 athletes will take part in 24 Olympic-style sports over seven days. With the highest number of women taking part and the largest number of Unified teammates on board, the World Games will capture the attention of the globe. |
| Source- DD News |
 As per RBI notification, IDBI Bank has been categorized as a private sector lenderfollowing the acquisition of majority stake by Life Insurance Corporation. IDBI Bank has been under the prompt corrective action framework of RBI that bans it from corporate lending and branch expansions, salary hikes and other regular activities. In January 2019, LIC completed the process of picking up a controlling 51% stake in the nearly crippled IDBI Bank. IDBI Bank has been categorized as a ‘private sector bank’ with effect from January 21, 2019. |
Static/Current Takeaways Important For LIC AAO Mains Exam:
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| Source- News18 |
 State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers. Eligible customers can avail this service at a nominal fee of 100 rupees per transaction for financial transactions and 60 rupees for non-financial transactions. Doorstep banking services are available to KYC- compliant account holders, with a valid mobile number registered with the bank and residing within 5 kilometers radius from their home branch. This service will not be available for accounts operated jointly, minor accounts, and accounts of non-personal nature. |
| Source- DD News |
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