Current Affairs Current Affairs March 2019

 Russian cosmonaut Valery Bykovsky, who made the first of his three flights to space in 1963, passed away at the age of 84 years. In June 1963, He first flew to space as a member of the Vostok-5 crew. He was a recipient of the Hero of the Soviet Union and Order of Lenin awards.
Source: New York Post

  Tashigang, a Himachal Pradesh village at an altitude of 15,256 feet has now become the highest polling station in the world. Situated about 29 km from the India-China border, the polling station covers two villages, Tashigang and Gate.
Source- Press Information Bureau (PIB)

 The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India has recently awarded Geographical Indication (GI) to five varieties of Indian coffee.
They are:
  • Coorg Arabica coffee,
  • Wayanaad Robusta coffee,
  • Chikmagalur Arabica coffee,
  • Araku Valley Arabica coffee,
  • Bababudangiris Arabica coffee.
  • In India, coffee is cultivated in about 4.54 lakh hectares by 3.66 lakh coffee farmers of which 98% are small farmers. Coffee cultivation is mainly done in the Southern States of India:
  • Karnataka – 54%
  • Kerala – 19%
  • Tamil Nadu – 8%
  • Coffee is also grown in non-traditional areas like Andhra Pradesh and Odisha (17.2%) and North East States (1.8%).
    Source- Press Information Bureau (PIB)

      Adani Ports and Special Economic Zone (APSEZ) announced that it has recorded cargo movement of more than 200 million metric tonnes (MMT) at nine ports along the east and west coasts, becoming the first Indian port operator to achieve the milestone. Adani Ports embarked its journey in 2001 and has become one of the largest port operators in the world.
    Source- Business Standard

      The UN Security Council has unanimously passed the first-ever resolution ordering members to enforce laws against terror financing. UNSC resolution demands all states “ensure that their domestic laws and regulations establish serious criminal offenses” to collect funds or financial resources to terrorist groups or individual criminals. It also calls on members to create financial intelligence units. Nations that fail to carry out the resolution would face U.N. sanctions.
    Source- Press Information Bureau (PIB)

      Bank of Baroda has signed an MoU with agriculture services companies to develop an agriculture digital platform, Baroda Kisan, which will provide solutions for agricultural requirements. BoB has signed the agreement with Skymet Weather Services, Weather Risk Management Services, BigHaat, Agrostar India, EM3 Agri Services, and Poorti Agri Services. The platform intends to make a holistic approach towards solving agricultural plights by means of providing reliable and customised information, inputs for use, the convenience of renting farm equipment, and market linkage for sale of agriculture produce.
    Source: The Hindu Business Line

      The Finance Ministry has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of the merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB. The merger of Dena Bank and Vijaya Bank with BoB would be effective from April 1.
    Source- PTI

      Supreme Court-appointed BCCI Ombudsman Justice D K Jain (retd) will now serve as the Ethics Officer of the Indian cricket board on an ad-hoc basis. According to the Board of Control for Cricket in India (BCCI), provisions in its constitution require an Ethics Officer to be appointed to determine and decide issues related to conflict of interest.
    Source- ANI News

      An agreement has been signed between India and the African Union to establish an India-Africa health sciences collaborative platform. The MoU will pave the way for cooperation in research and development, capacity building, health services, pharmaceutical trade and manufacturing capabilities for drugs and diagnostics. To carry forward the vision of a structured and concrete partnership in the health sector, the MEA partnered with Indian Council of Medical Research and had jointly organised the first India-Africa Health Sciences Meet in 2016 in New Delhi.
    Source- DD NEws

     India and the US signed an agreement for exchange of country-by-country (CbC)report. The move will give huge relief to subsidiaries of US-headquartered companies in the taxation-related matter. The agreement was signed by PC Mody, Chairman, Central Board of Direct Taxes (CBDT), and Kenneth I Juster, US Ambassador to India. The agreement for the exchange of CbC reports, along with the Bilateral Competent Authority Arrangement between the two competent authorities, will enable the two countries to automatically exchange the reports filed by the ultimate parent entities of the multinational enterprises in the respective jurisdictions pertaining to the years commencing on or after January 1, 2016.
    Source- The Hindu Business Line


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