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Current Affairs of 10th March

Anjali Singh, Published On:10-Mar-2019


                           Current affairs

1.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.

  • AU Small Finance Bank is working on offering customers access to financial services and products directly through their digital channels and building a robust digital banking platform to offer best in class products in Digital Loans, Deposits, and Investment segments.

2.The Reserve Bank of India has eased business guidelines for white label ATMs by allowing companies that manage these machines to source cash directly from the central bank.

  • The guidelines released by RBI include managing machines to source cash directly from RBI offices,  offer non bank services like bill payment and advertise even non financial products in their premises.
  • As per the statement,  RBI has allowed the operators to source cash from any Scheduled banks in India including cooperative and rural banks.
  • RBI allowed White Label ATM Operators (WLAO) to offer bill payment and deposit services depending on the technical feasibility of the device as determined by NPCI.
  • The ATMs setup, owned and operated by non-bank Entities are called White Label ATMs (WLAs). They provide banking services to customers of banks based on the debit/credit/prepaid cards issued by banks.

3.The National Council of Science Museums (NCSM) collaborates with Google Arts and Culture for largest interactive online exhibition on inventions and discoveries.

  • NCSM is an organization under the Ministry of Culture. The largest online exhibition ‘Once Upon a Try’: Epic journeys of invention and discovery is an attempt to explore humanities greatest inventions and discoveries in an interactive online exhibition.
  • NCSM contributes interactive stories that has some key insights into the long and glorious science and technology heritage of India.

4.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 is already providing a Subsidy of Rs.4.5 lakh to labourers for house construction and is planning to provide help in education, income and health as well.

5.A 5-member committee to examine issues related to framing of a proper and structured scheme for providing of insurance cover to the advocates and to suggest modalities for the implementation of such a scheme has been set up by the Union Minister for Law & Justice, Ravi Shankar Prasad under the chairmanship of Secretary Legal Affairs, Dr Alok Srivastava.

  • Other members of the committee will include a senior representative from the Department of Financial Services and representative of the Department of legal affairs. The committee will also have one representative each from Bar Council of India and State Bar Councils.
  • The committee has to submit its reports within 3 months.

6.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.

  • The gap in 2018 was 20% and has narrowed by only 1% in 2019.
  • Semi-skilled work shows no gender pay gap, however, the gap touches 20% for skilled women and 30% for highly skilled occupations.
  • It increases with experience and is highest at 15% in favour of men for talent with 10 and more years of experience.
  • This index is complemented with the key findings from the third annual survey titled ‘Women of India Inc’ undertaken by

7.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.

  • The decision will allow filling up of more than 5000 vacancies by direct recruitment in Teachers’ cadre duly ensuring that the Constitutional provisions of Articles 14, 16 and 21 are complied with and reservation criteria for the Scheduled Castes/Scheduled Tribes and Socially and Economically backward classes are met with.

                        Awards and Recognition

8.Bernard Arnault, the chairman of Moët Hennessy Louis Vuitton SE (LVMH) has overtaken Warren Buffett, the chairman of Berkshire Hathaway to become the third-richest person of the world, on the Bloomberg Billionaires Index.

9.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 Asia Pacific by Airports Council International (ACI) in the Airport Service Quality (ASQ) Programme for 2018.

10.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.

                   Appointment and Resignation
11.On the evening of International Women’s Day United Nations Development Programme (UNDP) appointed Padma Lakshmi as its goodwill ambassador.

12.Jagdish Mukhi was sworn in as the Governor of Mizoram at a function at Raj Bhavan

                              Books and Authors
13.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.

This is the 63rd Edition of the publication.

14.The Dictionary of Martyrs of India’s Freedom Struggle (1857-1947) was released by Prime Minister Narendra Modi, at Lok Kalyan Marg, New Delhi.

15.China’s Liu Hong set a new World record for the women's 50km race walk, becoming the first woman to complete the event in under four hours

Source: The Hindu, The Economic Times, The Indian Express, Press Information Bureau website


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