Current Affairs 3 March 2018

Daily Current affairs 3 March 2018 Vice President M Venkaiah Naidu arrives at Parmath Niketan in Rishikesh to attend the International...

Daily Current affairs 3 March 2018

Vice President M Venkaiah Naidu arrives at Parmath Niketan in Rishikesh to attend the International Yoga Festival

Vice President M. Venkaiah Naidu arrived at Parmath Niketan in Rishikesh to attend the International Yoga Festival. The festival is being attended by the National and International participants.  Speaking on the occasion Vice President India has become the Spiritual leader in the world. He stated that the body and mind of individual remain fit through regular practice of Yoga. Earlier, Governor K.K. Paul, Chief Minister Trivendra Singh Rawat, and other officials welcomed Vice President at Jolly Grant Airport.

Worlds Largest Solar Park 'Shakti Sthala' Launched In Karnataka

The Karnataka government inaugurated the first phase of a 2,000 megawatts (MW) solar park in the drought-prone district, Tumkur. The first phase of the Rs16,500 crore park called “Shakti Sthala” will generate 600MW, while the balance 1,400MW is expected to be commissioned by the end of 2018. The solar project is the largest in the world, is spread over 13,000 acres and five villages. It is part of the “Karnataka Solar Policy 2014-2021” which aims to decrease dependence on traditional power sources and move to environmentally friendly ones to meet the growing power needs of the state. The park ties in with the center’s scheme to generate 100 gigawatts (GW) of solar power by 2020.

PNB And ICICI Bank Increases MCLR Rates

The Punjab National Bank (PNB) and ICICI Bank hiked the MCLR rates for loan borrowers. Taking a cue from SBI, country's second-largest private sector lender ICICI Bank also raised the one-year MCLR from 8.2% to 8.3%. The PNB, which is at the center of Nirav Modi fraud also increased one-year MCLR to 8.3% from 8.15%.

India, Bangladesh, Russia Sign Pact For Rooppur Atomic Plant

 

Indian companies can now participate in construction and installation works in the “non-critical” category for the Rooppur nuclear power plant in Bangladesh, according to the Russian atomic energy agency Rosatom.  The Rooppur project is the first initiative under an Indo-Russian deal to undertake atomic energy projects in third countries. This will also be the first time Indian companies will be able to participate in a nuclear power project abroad. India, Bangladesh, and Russia signed an agreement in this regard in Moscow, Russia.

Navjot Kaur Wins Gold In Asian Wrestling Championship

Navjot Kaur clinched the 1st gold medal for India in the Asian Wrestling championship in Bishkek, Kyrgyzstan. She defeated Imai Miyu of Japan in the final of women’s 65 kg freestyle. With 1 gold, 2 silver, and 1 bronze medal, India was at the second spot in the medals tally. Vinesh Phogat and Pinki of Indian Railways claimed silver medals while Sakshi Malik won a bronze in the 62-kilogram category. China was leading the table with 4 gold and 1 bronze medal while Japan was at the third place with 1 gold, 1 silver, and 2 bronze medals.

twenty Seven Sultan Azlan Shah Cup Hockey Tournament Begins In Malaysia

The 27th Sultan Azlan Shah Cup Hockey tournament begins in the Malaysian city of Ipoh. Six nations – India, hosts Malaysia, defending champions England, Australia, Argentina and Ireland – are taking part in the tournament. India, currently the world number six side, will take on world number two Argentina in their opening round-robin match.

Armen Sarkisian elected as Next Armenian President

Armenian lawmakers elected Armen Sarkisian as the new president of Armenia. He will succeed Serzh Sarkisian. Armen Sarkisian was the ambassador to the United Kingdom. He will assume presidential duties after his predecessor steps down in April 2018. The political shift comes after President Sarkisian in 2015 initiated controversial constitutional amendments to turn the impoverished Moscow-allied country into a parliamentary republic with a powerful Prime Minister.

Lakshadweep joins hand to incorporate UDAY scheme providing electricity to people

Lakshadweep, the Union Territory joined hands with the UDAY scheme, which is meant for the revival of debt-stressed power distribution companies (discoms) in the country. The Memorandum of Understanding signed as an operational turnaround of the Union Territory’s Electricity Department. The Union Territory will have an overall benefit of around Rs 8 crore that would provide ways of cheaper funds, reduction in AT&C losses, and intervention in energy efficiency. The MoU a paved path for improving the efficiency of the Electricity Department of Lakshadweep. Initiating mandatory distribution transformer metering, consumer indexing, consumer indexing and GIS mapping of losses and various other requirements will help eliminate the gap between cost of supply of power and realization.

Union Cabinet approves establishment of National Financial Reporting Authority

The Union Cabinet approved the establishment of National Financial Reporting Authority (NFRA) as an independent regulator for the auditing profession. It aims to tighten regulatory oversight over auditors and plug loopholes. It will be independent of those it regulates for enforcement of auditing standards and ensuring the quality of audits. NFRA will be 15 members body, consisting of Chairperson, three full-time Members and one Secretary.

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