Miguel Mario Diaz-Canel Bermudez elected as President of Cuba
Miguel Mario Diaz-Canel Bermudez was formally named Cuba’s new President. Diaz-Canel has served as the vice-president of Cuba since 2013. The Castro brothers, Fidel and Raul, have together been in power for nearly 60 years since the Cuba’s Communist revolution in 1959 overthrew the US-backed dictatorial regime of Fulgencio Batista.
Lt Gen PP Malhotra takes over as DG NCC
Lieutenant General PP Malhotra assumed charge as Director General of National Cadet Corps (NCC), the largest uniformed youth organization in the world.
Mary Kom Bags First CWG Gold in Boxing
5-year-old MC Mary Kom has become the first Indian woman to win a boxing gold at the Commonwealth Games. Making a comeback to boxing after a two year sabbatical, Mary beat Northern Ireland's Kristina O'Hara convincingly in the 48kg final. The 35-year-old five-time world champion and Olympic bronze-medallist was competing in her debut Commonwealh Games, also perhaps her last, and made it a memorable one with yet another dominating performance to claim an unanimous verdict of 5-0.
Vinod Khanna awarded Dadasaheb Phalke Award
Veteran Hindi film actor Shri Vinod Khanna was awarded the Dadasaheb Phalke Award for his contribution to Indian Cinema.
Bhanu Pratap Sharma appointed as Banks Board Bureau chairman
The Union Finance Ministry has reconstituted the Banks Board Bureau (BBB) and appointed Bhanu Pratap Sharma as its chairman, replacing former Comptroller and Auditor General Vinod Rai. Mr. Sharma was former chairman of recruitment and assessment centre of DRDO (Defence Research and Development Organisation) and former Principal Secretary (Finance) in the Bihar government.
ISRO successfully launches last navigation satellite in IRNSS series
ISRO’s Polar Satellite Launch Vehicle PSLV-C41 successfully launched the 1,425 kg IRNSS-1I Navigation Satellite on Thursday, April 12, 2018 from Satish Dhawan Space Centre SHAR, Sriharikota of SPSR Nellore district in Andhra Pradesh.
Rishad Premji appointed Nasscom chairman for 2018-19
IT industry body Nasscom has appointed Wipro chief strategy officer and board member Rishad Premji as its chairman for 2018-19. Besides, Nasscom has appointed WNS Group CEO Keshav Murugesh as the vice chairman. Mr. Premji has been a member of Nasscom’s executive council and was the vice chairman for 2017-18, Nasscom.
C. S. Ghosh re-appointed as Bandhan CEO
Chandra Shekhar Ghosh has been reappointed as managing director and chief executive officer of Bandhan Bank for a period of three years from July 10, 2018. Mr. Ghosh’s reappointment, subject to regulatory clearances, was approved by the bank board at its recent meeting.
Cabinet approves the Arbitration and Conciliation (Amendment) Bill, 2018
The Union Cabinet has approved the Arbitration and Conciliation (Amendment) Bill, 2018 for introduction in the Parliament. It is a part of the efforts of the Government to encourage institutional arbitration for settlement of disputes and make India a centre of robust Alternative Dispute Resolution (ADR) mechanism. The Amendments in the Act of 1996 will facilitate achieving the goal of improving institutional arbitration by establishing an independent body to lay down standards, make arbitration process more party friendly, cost effective and ensure timely disposal of arbitration cases.
Mirabai Chanu wins gold medal
Mirabai Chanu secured India’s first gold medal in the 2018 Commonwealth Games when she finished first in the women’s 48 kg weightlifting event at Gold Coast. Mirabai Chanu smashed the Commonwealth and Commonwealth Games’ weightlifting record by lifting 196 kg. The previous Games’ record was 175 kg set by Augustine Nwaokolo of Nigeria in 2010.
Agreement Between NPCIL and EDF of France
Nuclear Power Corporation of India Limited (NPCIL) and Electricite de France (EDF) of France have on March 10, 2018 signed an Industrial Way Forward Agreement for implementation of six nuclear power reactor units at Jaitapur, Maharashtra with a total capacity of about 10,000 MW. The Evolutionary Pressurized Reactors (EPRs) are evolutionary reactors, whose design has evolved from “KONVOI’ and “N4’ reactors which have been in operation in Germany and France respectively for about two decades. Further, the work at Jaitapur will be commenced only on demonstration of full power operation of Flamanville-3 under construction in France, as reference plant, to have an operationally proven technology.
NIRF India Rankings 2018 for Higher Education Institutions
Indian Institute of Science, Bengaluru bags 1st Position in Overall Ranking. IIT Chennai tops in Engineering and IIM Ahmedabad tops in Management Category.
ISRO launches communication satellite GSAT-6A from Sriharikota
Indian Space Research Organisation (ISRO) successfully placed a communication satellite GSAT-6A in a geosynchronous transfer orbit. It was carried on board the GSLV F-08 from the Satish Dhawan Space Centre. The GSAT-6A is a communication satellite that incorporates the high-thrust Vikas engine. It will complement the GSAT-6, which is already in orbit. The GSAT-6A’s antenna has a diameter of six metres — it can be unfurled and opened like an umbrella once it reaches its prescribed orbit.
IIT Guwahati develops silk scaffold for bone regeneration
A scaffold made of silk composite functionalised with copper-doped bioactive glass to facilitate faster bone regeneration has been developed by researchers at Indian Institute of Technology (IIT) Guwahati. The scaffold seeded with stem cells was found to differentiate into bone cells, facilitate growth of blood vessels and successfully integrate the newly formed bone cells with the native bone. The researchers were able to replicate the results in rabbits using functionalised non-mulberry silk composite. Rabbits with scaffolds implanted at the site of bone injury showed successful growth of bone cells and integration with the native bone at the end of three months.
Olympian PV Sindhu to be flag-bearer of India in CWG 2018
Olympic silver medalist PV Sindhu will be the flag-bearer of the Indian contingent for the opening ceremony of the Commonwealth Games in Gold Coast, Australia. The Commonwealth Games opening ceremony will be held on April 4.
Modicare rollout raises hopes of 500 million Indians
The Ayushman Bharat-National Health Protection Mission (AB-NHPM), dubbed as Modicare, is touted by the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) as the world’s largest healthcare programme. It is estimated to cost about Rs12,000 crore annually. To be rolled out in collaboration with the state governments, “Modicare” is expected to reduce Out Of Pocket (OOP) expenditure—the in-patient hospitalization expenditure in India has increased nearly 300% during last 10 years according to the National Sample Survey Office (NSSO) 2015. Currently, OOP expenditure in India is over 60%, causing impoverishment to nearly 6 million families coping with catastrophic health expenditures.
Sunil Nayyar becomes first Indian to head Sony India
Sunil Nayyar will become the first Indian to lead Sony’s local operations, 24 years after the Japanese consumer electronics giant entered the country, when he replaces Kenichiro Hibi as managing director on April 1.
Juan Martin del Potro win BNP Paribas Open tennis tournament
Juan Martin del Potro win the BNP Paribas Open tennis tournament holds up his trophy after defeating Roger Federer during the men’s final.
Vladimir Putin re-elected as president of Russia
Vladimir Putin stormed to victory in Russia's presidential election on 18th March 2018, giving him another six years in power. Mr. Putin, who has ruled Russia for almost two decades, won more than 75% of the vote according to preliminary results. The Kremlin pushed for high turnout to give greater legitimacy to Mr. Putin's historic fourth term.
Xi Jinping re-elected as President of China
Xi Jinping was re-elected as the Chinese President unanimously with all 2,970 votes in his favor at the National People’s Congress on Saturday. He was also re-elected as the Chairman of the Central Military Commission unanimously.
Mujahid Anwar Khan appointed new Pakistan air chief
Pakistan has appointed Air Marshal Mujahid Anwar Khan as the new chief of air staff. Khan would take charge from March 19 on the retirement of outgoing air chief Sohail Aman, according to a statement by the Pakistan Air Force (PAF).
RBI has approved the merger of Bharat Financial Inclusion and IndusInd Bank
RBI has approved the merger of the two companies i.e. Bharat Financial Inclusion and IndusInd Bank. According to the merger proposal, IndusInd Bank (IIB) will incorporate a wholly-owned subsidiary and transfer the business of Bharat Financial Inclusion to it by way of slump exchange.
Dhinakaran launches new party
Rebel AIADMK leader T.T.V. Dhinakaran floated a political party, Amma Makkal Munnetra Kazhagam (AMMK) and unveiled its flag that retained the ruling party’s black, white and red stripes but replaced the image of late C. N. Annadurai in the centre with that of former Chief Minister Jayalalithaa.
German lawmakers elect weakened Merkel to fourth term
German lawmakers voted to re-elect Angela Merkel as chancellor for a fourth, and likely final, term that may prove her most challenging yet as she takes charge of a fragile coalition with her personal standing diminished. Since 2005, she has dominated Germany’s political landscape and steered the European Union through economic crisis. But her authority was dented by her decision in 2015 to commit Germany to an open-door policy on migration, resulting in an influx of more than one million people.
Modi, Macron inaugurate UP’s biggest solar power plant
Prime Minister Narendra Modi and French President Emmanuel Macron inaugurated Uttar Pradesh’s biggest solar power plant in Mirzapur district’s Chhanvey block. Built at a cost of around Rs 500 crore by French firm ENGIE, the 75 MW solar plant has come up at Dadar Kalan village on the hilly terrain of the Vindhyas range. Some 1,18,600 solar panels have been set up in over 380 acres. Power would be transmitted to Jigna sub-station of Mirzapur range of Uttar Pradesh Power Corporation Ltd, officials said. The plant will generate 15.6 crore units of electricity annually, about 1.30 crore units per month.
RBI fines Airtel bank Rs. 50 million
The Reserve Bank of India (RBI) has imposed a penalty of Rs. 50 million on Airtel Payments Bank Limited (the bank) for contravening operating guidelines for payments banks and the directions issued by it on know your customer (KYC) norms.
Diu becomes first district of a Union Territory to run completely on solar power
Diu has become the first district of a Union Territory in India to run completely on solar power. Diu has a population of around 56,000 and was entirely dependent on the Gujarat government's power grid for electricity till three years ago.
CCI slaps Rs. 54 cr. fine on 3 airlines
The Competition Commission slapped a total penalty of more than Rs. 54 crore on Jet Airways, InterGlobe Aviation and SpiceJet for unfair business practices with respect to fixing fuel surcharge on cargo transport.
India’s first ‘Heli-Taxi’ services just started in Bengaluru
Bengaluru will turn out to be the first Indian metropolitan city to ferry people in and out of the airport using a helicopter.This decision was taken in an attempt to put control over traffic in the nation’s most popular place that was a major problem for the residents of the city. The metro city becomes the host of its first Heli-taxi service tour and the service has been commenced between the Kempegowda International Airport (KIA) and Electronic City, city’s major tech centre.
Paytm’s Vijay Shekhar Sharma is youngest Indian billionaire
Paytm founder Vijay Shekhar Sharma is the youngest Indian billionaire. Mr. Sharma, ranked 1,394th on the list with a fortune of $1.7 billion, is the only Indian billionaire in the under-40 league. Mr. Sharma founded fast-rising mobile wallet Paytm in 2011. He has also created Paytm Mall, an e-commerce business business and Paytm Payments Bank.
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