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MoU
signed between the Railways and LIC to start projects worth Rs. 1.5
trillion
India
> Railways > Mar 11
The signing of a Memorandum
of Understanding (MoU) between the Ministry of Railways and the Life
Insurance Corporation of India (LIC) has presented a plethora of
funds for the former. As per the MoU, LIC would provide Railways with
a funding of 1,50,000 crores over a period of five years, to
implement railway projects, starting from the current financial year.
The announcement has come barely fifteen days after Railways minister
Suresh Prabhu presented the budget and made his intention clear to
allocate 100000 crores through extra budgetary resources, such as
market borrowings and tapping low cost long-term funds to revamp the
railways.
Karnataka
secures eighth Ranji Title by beating Tamil Nadu
Sports
> Cricket > Mar 12
On the last day of the Ranji
Trophy cricket tournament final, the defending champions Karnataka
defeated Tamil Nadu by an innings and 217 runs. Tamil Nadu saw
resilient centuries from Vijay Shankar (103) and Dinesh Karthik
(120). Chasing an imposing 628, Tamil Nadu was batted out for 411 in
107.5 overs in the final session of the fifth day's play. The man-of
the-match award for his maiden triple ton in first-class cricket was
received by Karnataka's 23-year-old Nair.
Government
to launch media campaign on immunisation
India
>
Immunisation > Mar 16
Ahead of implementing its
ambitious health programme - 'Mission Indradhanush' in April, the
government is all set to launch a huge media campaign to create mass
awareness about immunisation. 'Mission Indradhanush' would mainly
focus on four states, which have 25% of all unvaccinated and
partially vaccinated children in the country. It aims to cover all
children, who are either unvaccinated or are partially vaccinated
against seven vaccine-preventable diseases including diphtheria,
whooping cough, tetanus, polio, tuberculosis, measles and hepatitis B
by 2020. The media campaign would consist of television
advertisements, jingles, posters and banners amongst others.
Indian
women's hockey team beats Poland 3-1 in Hockey World League Round 2
Sports
> Women’s
Hockey > Mar 16
In a high intensity final of
the Hero World Hockey League Round 2 at Major Dhyan Chand National
Stadium on Sunday, 15th March, 2015, the Indian women's team defeated
the Polish team 3-1 to clinch the title. In earlier matches, Malaysia
defeated Thailand 3-0 to take the third spot while Russia defeated
Kazakhstan 9-0 for fifth place.
Others
India
to develop two islands in Indian Ocean
Politics
& Government >
Indian Ocean > Mar 11
PM Narendra Modi's ocean
outreach comprising visits to Mauritius, Seychelles and Sri Lanka has
resulted in India's acquisition of ''infrastructure development
rights'' for two islands in the region - Agalega from Mauritius and
Assumption from Seychelles. India has signed four agreements with the
Indian Ocean island nation to boost security and maritime
partnership. This move has strengthened its partnership with
Seychelles and provided India a foothold in the middle of the Indian
Ocean. China had been overshadowing India in establishing its
position in Indian Ocean by undertaking mega infrastructure projects
in several littoral countries.
Appointments
Committee of the Cabinet approves the appointment of nine executive
directors for PSU banks
Bank
Specific >
Executive
Directors of PSU Banks > Mar 11
The Appointments Committee
of the Cabinet (ACC) has approved the appointments of nine Executive
Directors (ED) in Public Sector Banks (PSB). The nine Executive
Directors appointed were previously serving as General Managers at
various PSBs, and they are as follows :
Shri Charan Singh, General
Manager, Bank of India as Executive Director (ED), UCO Bank. Shri
K.Venkata Rama Moorthy, General Manager, Bank of Baroda as Executive
Director, Bank of Baroda. Shri R.P.Marathe, General Manager, Bank of
Baroda as Executive Director, Bank of India. Shri Harideesh Kumar B,
General Manager, Vijaya Bank as Executive Director, Canara Bank. Shri
N.K.Sahoo, General Manager, Canara Bank as Executive Director,
Allahabad Bank. Shri Pawan Kumar Bajaj, General Manager, Bank of
India as Executive Director, Indian Overseas Bank. Shri Ravi Shankar
Pandey, General Manager, Union Bank of India as Executive Director,
Syndicate Bank. Shri Kishore Piraji Kharat, General Manager, Bank of
Baroda as Executive Director, Union Bank of India . Shri R.C.Lodha,
General Manager, Union Bank of India as Executive Director, Central
Bank of India.
David
Hale nominated by Obama as ambassador to Pakistan
World
> US-
Pakistan > Mar 11
Veteran diplomat David Hale
has been appointed as the next ambassador to Pakistan by the US
President Barack Obama. Mr. Hale has been serving as the US
Ambassador to Lebanon since 2013. Mr. Hale has also served as
Director of the Office of Israel and Palestinian Affairs, Executive
Assistant to the Secretary of State and in other positions overseas
in Bahrain, Lebanon, and Saudi Arabia.
Kumara
Sangakkara becomes first batsman in the history of World cricket to
score four successive centuries
Sports
> ICC
World Cup Cricket 2015 > Mar 11
Sri Lankan batting maestro
Kumara Sangakkara etched his name in the record books as he scored
his fourth successive century against Scotland on Wednesday, 18th of
March, 2015 during a world cup league game. This is an all-time ODI
record as he surpassed Zaheer Abbas and Saeed Anwar of Pakistan, the
South African trio of Herschelle Gibbs, AB de Villiers and Quinton de
Kock, and New Zealand’s Ross Taylor who have scored three
successive centuries each in ODI cricket.
Sangakkara also became the
first in world cup history to score three successive centuries, when
he scored an unbeaten 104 against Australia in the previous match.
The other two centuries before the one against Australia were against
Bangladesh and England.
World
Kidney Day observed on the 12th of March
Days
> World
Kidney Day > Mar 12
World Kidney Day (WKD) was
observed globally on the 12th of March 2015, the theme for which this
year was - Kidney Health for All. The day is celebrated to create
global health awareness and to focus on the importance of kidneys and
reducing the impact of kidney diseases and related health disorders.
The WKD was started in the year 2006 and is celebrated on the second
Thursday of March every year. It is organised by the International
Society of Nephrology (ISN) and the International Federation of
Kidney Foundations (IFKF).
Loans
to differently abled persons to be classified as priority sector
Bank
Specific >
Priority Sector
Loans > Mar 13
The Reserve Bank of India
has announced that the priority sector loans to persons with
disabilities will be eligible for classification under weaker
sections category. This provision will be effective immediately.
RBI guidelines direct banks
to lend 10% of adjusted net bank credit or credit equivalent amount
of their off-balance sheet exposure, whichever is higher, to the
weaker section.
World
Consumer Rights Day observed on 15th March
Days
> Consumer
Rights Day > Mar 15
The World Consumer Rights
Day (WCRD) 2015 was observed on 15 March 2015 with the theme 'Helping
consumers choose healthy diets'. The theme was decided taking into
consideration the rise in number of deaths due to unhealthy diets
causing overweight and obesity, high blood pressure, high blood
glucose and high cholesterol worldwide. WCRD is an opportunity to
promote the basic rights of all consumers and ensure that those
rights are respected and protected, and for protesting the market
abuses and social injustices which undermine them. WCRD was first
observed on 15 March 1983 and has since become an important occasion
for mobilizing citizen action.
Lewis
Hamilton wins Australian Grand Prix
Sports
> Australian
Grand Prix > Mar 15
Mercedes’ Lewis Hamilton
won the Australian Grand Prix in Melbourne after beating last year's
race winner Mercedes’ Nico Rosberg by 1.3 seconds. Hamilton, 30,
has won seven of the last eight GPs though this was his first in
Australia since 2008. It was Hamilton's 34th win in his 149th GP.
This win also marked Mercedes' eighth straight victory.
Kidambi
Srikanth wins Swiss Open
Sports
> Badminton > Mar 15
Indian Kidambi Srikanth
defeated defending champion, Denmark's Viktor Axelsen to become the
first Indian male to win the $120,000 Swiss Open Grand Prix Gold on
Sunday, 15th March, 2015. The top shuttler suffered a hamstring
injury and missed a lot of practice matches, but he came back
strongly despite getting eliminated in the first round itself of the
All England tournament. This was his third title in 21 months.
NABARD
launches digitisation scheme for women self-help groups
Bank
Specific >
NABARD > Mar 15
The National Bank for Rural
Development and Agriculture (NABARD) has started a project with the
aim of financial inclusion, to digitise women self-help groups (SHGs)
in order to facilitate easy and hassle free delivery of banking
services. The programme was launched by the Minister of State for
Finance, Jayant Sinha at Ramgarh in Jharkhand. Digitisation will
bring transparency, credibility to the operations of SHGs through
inbuilt grading and thus, will also increase the comfort of bankers
in credit appraisal, disbursement and monitoring.
Corporate
> Wipro > Mar 16
TCS veteran Abid Ali
Neemuchwala has been appointed as group president and chief operating
officer of Wipro. With Neemuchwala's expertise, Wipro is expected to
overcome the issue of integrating software delivery teams with
business units specialising in particular industry domains. Wipro has
been lagging broader industry growth for more than four years, and is
searching for a formula to boost its growth. Neemuchwala resigned as
VP and head of BPO business at TCS just last month.
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