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Current Affairs of 15th April

Anjali Singh, Published On:15-Apr-2019


                     Current affairs

1.Reinsurance brokers have been permitted to open non-interest bearing foreign currency accounts with banks for undertaking transactions.

  • Foreign currency account refers to a bank account held or maintained in currency other than the currency of India or Nepal or Bhutan.
  • Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) had issued notification and then RBI issued Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance brokers

2.Israeli lunar mission Beresheet crashed on the Moon. Beresheet crashed during a landing attempt. It is said that the spacecraft had problems with its main engine during its descent that left it unable to slow down in time before it smashed into the lunar surface.

  • Beresheet was an Israeli mission launched by a partnership between nonprofit SpacelL and government-owned aerospace company Israel Aerospace Industries. It is the World's first privately funded lunar Mission.  It was a demonstrator of a small robotic lunar lander.
  • Its aims included promoting careers in science, technology, engineering, and mathematics (STEM); and landing its magnetometer and laser retroreflector on the Moon.
  • Beresheet lander had carried a science instrument provided by NASA, a retroreflector instrument scientists would have used to make precise measurements of the distance between Earth and the moon.

3.The Reserve Bank of India (RBI), which classified IDBI as a private sector bank last month, has granted Life Insurance Corporation (LIC) with 12 years to cut its stake in the bank by 10 percent.

  • RBI has stipulated that after 12 years LIC has to reduce stake in IDBI Bank by 10 per cent to 40 per cent.
  • LIC is the major shareholder of IDBI Bank. It has a 51 per cent stake in the Bank. The government is the other major investor in IDBI Bank owning 46.46 per cent while the rest is with the public.
  • As per the Insurance Regulatory and Development Authority (IRDAI), LIC can hold up to 15 percent stake in any bank which can go up to 30 percent as per the board approval.

4.Memorandum of Understanding (MoU) has been signed by Tata Trusts and Microsoft India for jointly rejuvenating the handloom clusters in the eastern and north-eastern parts of India in order to build a digitally-inclusive society.

  • Microsoft’s Project ‘ReWeave’ will help to preserve traditional weaving forms by upskilling workers, designing and marketing products, and creating sustainable livelihood options.
  • Project ReWeave already implemented new e-commerce platforms, digital empowerment centres and the new design curriculum to Telangana weaving clusters of Rajouli, Choutuppal and a few other clusters.
  • Microsoft will also enable digital training through a Microsoft Azure-based Learning Management System termed as ‘Project Sangam’, which provides necessary training and tools to weaving communities for them to adopt and deploy digital tools for the betterment of their craftwork.

5.Bharti Airtel has launched a mobile app, “My Circle” in collaboration with FICCI Ladies Organisation (FLO) to assist women in case they face any panic situation or problem.

  • The application will allow women to send SOS alerts to any five of their family or friends in 13 languages by pressing the SOS prompt on the app.
  • The app has been developed by Airtel X labs and was conceptualised by an all-women cross-functional team.

                   Awards and Recognition

6.Digital Sukoon founder, Sudhanshu Kumar was honoured with the Dr Babasaheb Ambedkar Nobel Award by International Human Rights Council at Hotel Sea Princess Juhu Mumbai.

  • Among the awardee, Digital Sukoon was the Best Digital Agency of the Year 2019 to receive the award.

7.Dr. A K Singh, director at Life Sciences, DRDO has been honoured with Lifetime Achievement Award 2019 during 4th APJ Abdul Kalam Innovation Conclave at Chandigarh University, Mohali.  

  • He has made notable contributions in Internal Decorporation of Fission Produced Radionuclides and Infection Imaging.

8.Telugu poet K Siva Reddy selected for the prestigious Saraswati Samman 2018 for his collection of poetry titled Pakkaki Ottigilite.

  •  The award carries a cash prize of 15 lakh rupees, a citation and a plaque. About Saraswati Samman 2018 Awards

         Appointment and Resignation

9.Palestine’s New Prime Minister Mohammed Ishtayeh, a veteran peace negotiator and harsh critic of Gaza’s Hamas rulers, and his 22-member cabinet took the oath of office a second time, on April 14, 2019.

  • The ministers neglected to include a clause pledging faithfulness “to the people and its national heritage” during ceremony on April 13.
  • The 18th Palestinian government since the establishment of the Palestinian Authority in 1995 was sworn in according to a presidential decree issued by Mahmoud Abbas.

10.The  Central government appointed Gargi Kaul as Secretary, Defence Finance.  She is a 1984-batch officer of the Indian Audit and Accounts Service (IA&AS).

11.Col (Dr) Bibhu Kalyan Nayak, a native of the temple City, became the first Indian to be appointed Chair of International Hockey Federation (FIH) Health and Safety Committee by the world governing body. He will serve a two-year cycle lasting until 2020.


12.Former Shiromani Akali Dal legislator Nand Lal passed away in a hospital after a prolonged illness. Mr. Lal was a fourtime MLA from the Balachaur constituency


13.Pakistan’s Inzamam-ul-Haq and South African Mark Boucher were inducted as the Honorary Life Members of the Marylebone Cricket Club (MCC), in recognition to their outstanding achievements in the game of cricket.

14.Lewis Hamilton has achieved his 75th career victory in Formula One’s 1000th race at the Chinese Grand Prix on 14th April, 2019. He has delivered a crushing performance to win this title.

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

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