Current Affairs of 12 March 2018
Keshav Kishore, Published On:12-Mar-2018
1. IMF opined about the recapitalization of PSBs
• The International Monetary Fund (IMF) has given its opinion that the recapitalisation of Indian Public Sector Banks (PSBs) should be part of major financial reforms in banking sector.
• It also praised the Asset Quality Review (AQR) guideline by RBI in December 2015 to recognise all Non-Performing Assets (NPAs) and ensure appropriately provisioned balanced sheets by March 2017.
• It emphasised the Insolvency and Bankruptcy Code adopted in May 2016, roll-out of GST and disruptions by note ban as major steps of recent reforms.
2. All about International Solar Alliance
• International Solar Alliance (ISA) was formed at the U.N. Climate Change Conference in Paris on November 30, 2015 by PM Narendra Modi and French President Francois Hollande.
• The target of this alliance is to achieve 1000 GW of solar energy by 2030 which would require approx $1 trillion.
• The alliance is open for all the 121 countries between Tropic of Cancer and Tropic of Capricorn but till now only 56 have signed the ISA Framework Agreement.
• The Secretariat of ISA is in Gwalpahari, Gurugram, India and this is the first international body having secretariat in India.
• India’s role for this alliance is very crucial as it has set a target of 100 GW of solar energy by 2022 and till now it has achieved 20 GW of solar energy power.
• The Solar Alliance founding conference held in New Delhi on March 11, 2018 followed by the first summit of the alliance in the august presence of PM Narendra Modi and French President Emanuel Macron.
3. New Smartphone App to measure blood pressure
• A new smart phone app developed by scientists of Michigan University which could help measure blood pressure more accurately than existing devices.
• It targets the transverse palmer arch artery at the fingertip which gives better control of the measurement.
• In this approach there are two sensors – optical sensor and force sensor.
• The day to day measurement of blood pressure will give accurate average of pressure and their cure will be more accurate.
4. New species of butterfly in Papikonda National Park
• India is a land of 1318 types of known butterfly and the recent search has added the new one.
•From the Papikonda national park of Andhra Pradesh a new species of Himalayan moth named “Euclyodes gavissima” has been discovered.
• It is a result of the visit of Peter Smetacek from Butterfly research Centre Uttarakhand, who along with forest staff studied butterflies in Pikonda National Park and Coring Wildlife Sanctuary.
Source: The Hindu, The Indian Express