India entered into a deal with Russia for the leasing of a nuclear – powered attack submarine for Indian Navy worth USD 3 billion for a period of 10 years.
Under the pact, Russia will deliver Chakra III, an Akula class submarine to the Indian Navy by 2025. It will be the 3rd Russian submarine to be leased to Indian Navy.
India earlier leased christened INS Chakra which is the first Russian nuclear-powered submarine in 1988 under a 3-year lease. The second lease was INS Chakra in 2012 for a period of 10 years.
The lease period as per the agreement for Chakra II will expire in 2022 and the Indian government is looking at extending the lease period.
Inaugural Space Dialogue organised by India and Japan in New Delhi
It aimed at providing a platform for both countries to explore ways to enhance cooperation between the space agencies of both nations.
Indo-Pacific Regional Dialogue – 2019 organised in New Delhi
It focused on involving the global strategic community in reviewing India’s opportunities and challenges in the Indo-Pacific region.
13 countries of the Indo-Pacific, namely Australia, Bangladesh, Canada, China, Indonesia, Israel, Japan, Seychelles, Singapore, South Korea, Sri Lanka, the United Kingdom, and the United States of America participated in the event.
About Indo-Pacific Regional Dialogue (IPRD)
It was started in 2018. It is a conference of the Indian Navy and is conducted by the National Maritime Foundation which acts as the knowledge partner of Navy. It provides a chance to discuss issues related to the geopolitical developments that pertain to the maritime domain of the Indo-Pacific.
Maharashtra government launched a special scheme ‘Atal Aahar Yojna’ for construction workers in the state which will provide good quality food at a highly subsidised rate.
The target is set to cover 20000 workers and provide them with good quality food at a nominal cost of Rs.5 is the first phase of the scheme.
The Government approved the establishment of two new benches of National Company Law Tribunal (NCLT), at Amaravati in Andhra Pradesh and Indore in Madhya Pradesh in view of the increasing caseload, especially under the Insolvency & Bankruptcy Code 2016. The creation of new benches will enable faster disposal of cases.
The Unique Identification Authority of India (UIDAI) in the official gazette notification, the Aadhaar (Pricing of Aadhaar Authentication Services) Regulations 2019 put forth that business organisations using Aadhaar services will now have to pay Rs 20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities.
Bureau of Energy Efficiency (BEE) has released a document called UNNATEE (Unlocking National Energy Efficiency potential) which sims at improving the energy efficiency in India. It consists of a framework and a strategy of implementation which enables to formulate a relationship between energy supply-demand scenarios and energy efficiency opportunities.
President Ram Nath Kovind approved Central Educational Institutions (Reservation in Teacher’s Cadre) Ordinance 2019 which will restore 200-point roster system for faculty recruitment.
It is expected to improve the teaching standards in the higher educational institutions to attract all eligible talented candidates.
As per Monster Salary Index (MSI) Survey, a high gender pay gap (GPG) is observed in India, as women earn 19% less than men, where men earn Rs 242.49 and women earn Rs 196.3, that is Rs 46.19 lesser than men.
Dr Alok Srivastava headed a committee on Comprehensive Insurance Scheme for Advocates
The committee has to submit its reports within 3 months.
The committee shall also suggest the modalities of administration of the insurance scheme under a high powered body with adequate representatives of all stakeholders.
For improving drainage infrastructure in Dibrugarh town of Assam, Asian Development Bank (ADB) and Government of India signed a loan agreement of USD 26-million in New Delhi.
Reserve Bank of India notified a 2% interest subvention or Subsidy for short-term crop loans during 2018-19 and 2019-20.
India’s first digital insurer, AU Small Finance Bank Ltd. announced its partnership with a new age insurtech company, Acko General Insurance Limited and is now able to provide customized insurance products to its customers.
Union Labour Ministry decided to double the income tax exemption to Rs.20 lakh from the existing Rs.10 lakh for gratuity.
Awards And Recognitions
Assam government announced various awards in the field of culture as a recognition for the talent and efforts on promotion of dance and music.
Srimanata Sankardev Award 2017 would be conferred to noted Satriya exponent Basistha Dev Sharma of BarpetaSatra for his works on promotion of Satriya dance and music as well as the folk culture of the state.
Madhavdev Award 2016 would be given to Jugadananda Chandra Goswami of Mayamora Dinjoy Satra. He has taken remarkable steps for recognition of Satriya dance and music at National level and preservation of manuscripts in the Mayamora Dinjoy Satra.
Madhavdev Award 2019 would be given to Dr Sunil Kothari who is an eminent dance historian, critic and scholar.
Kalicharan Brahma Award 2018 would be bestowed on Satradhikar of Borongajuli Srimanta Sankardev Satra of Udalguri Harekrishna Mahanta.
The Indira Gandhi International (IGI) airport, New Delhi was declared as the best airport in the category of over "40 million passengers per annum (MPPA)" in the Asia Pacific by Airports Council International (ACI) in the Airport Service Quality (ASQ) Programme for 2018.
Bernard Arnault becomes the third richest person in the world, overtaking Warren Buffett: Bloomberg Billionaires Index
He is the second European to reach this position on the list, first being Amancio Ortega, the owner of Zara.
Marayoor jaggery from Idukki, Kerala gets a Geographical Indication (GI) tag from the central government. This jaggery is made from sugarcane and no chemicals are added during the manufacturing process which makes it a world-class delicacy.
Kane Tanaka, a 116-year-old Japanese woman born on January 2, 1903, who loves playing the board game Othello was honoured as the world’s oldest living person by Guinness World Records.
Appointments And Resigns
UNDP appoints Padma Lakshmi as Goodwill Ambassador
On 8th March 2019, On the evening of International Women’s Day United Nations Development Programme (UNDP) appointed Padma Lakshmi as its goodwill ambassador.
United Nations Development Programme
♦ Headquarters: New York, US
All India Carrom Federation gained recognition as National Sports Federation
AIBA (International Boxing Association) Technical & Competition Rules Commission and AIBA medical Commission has proposed certain changes in the rules after the Executive Committee Meetings in Moscow in October 2018 and Istanbul in February 2019.
Certain rules such as a change in nationality, seeding procedure, a procedure involving disqualified boxers, the option to review about, glove size and sensors for data have been changed while the world ranking rule remains the same.
Miscellaneous Current Affairs
On 8th March 2019, Union Minister of Finance and Corporate Affairs Arun Jaitley released a book "Sabka Saath Sabka Vikas" which is a compilation of selected speeches of Prime Minister Narendra Modi during a function organised by Ministry of Information and Broadcasting in New Delhi.
Dictionary of Martyrs of India’s Freedom Struggle in 1857-1947 released by Prime Minister Narendra Modi
Secretary, Ministry of Information & Broadcasting, Shri Amit Khare released the popular Reference Annuals "Bharat 2019" and "India 2019" compiled by the New Media Wing and edited and published by Publications Division at New Delhi.