Current Affairs 1 March 2017 – Celebration of 25 years of India-Israel Diplomatic Relations in New Delhi:
India’s Radhanagar Beach among World’s Top 10:
Radhanagar beach on Havelock Island in the Andamans has been ranked the world’s 8th best in TripAdvisor’s ‘World’s Travellers Choice Award-Winning Beaches’. The beach has also secured the first spot in Asia. The Baia do Sancho beach in Brazil has topped the list.
Thiruvananthapuram ranked best in Urban Governance:
Thiruvananthapuram has been ranked first among the 21 Indian cities that were tested on urban governance parameters, according to the latest survey by Janaagraha Centre for Citizenship and Democracy. Pune and Kolkata were respectively ranked second and third in the survey. Chandigarh was ranked the lowest.
Celebration of 25 years of India-Israel Diplomatic Relations in New Delhi:
India and Israel celebrated 25 years of establishment of their diplomatic relations. The two nations established the diplomatic relations in 1992. India and Israel have been cooperating in many areas like defence, agriculture, science and technology, education, dairy, innovation among others.
Israel is also a major contributor of defence technology to India. India imports Israeli defence equipment, including missiles, drones, radars and other critical military components.
- Capital: Jerusalem
- Currency: Israeli new shekel
- President: Reuven Rivlin
- Prime minister: Benjamin Netanyahu
India’s first integrated heliport launched in New Delhi:
Civil Aviation minister Gajapathi Raju inaugurated the India’s first integrated heliport .The commencement of services from the heliport would also reduce congestion at the Delhi airport. This is the first of its kind facility in South Asia, which has been built by Pawan Hans Ltd.
The newly developed heliport has been built over an area of 25 acres with a total investment of Rs. 100 crore. The heliport consists of a terminal building having a capacity of 150 passengers, 4 hangars with the parking capacity of 16 helicopters and 9 parking bays.
Mumbai’s iconic red buses to turn white and yellow:
Two BEST with ‘white-and-yellow’ colour scheme will hit the roads from March-end on trial basis, BEST committee panel members demanded that there should be no change in the iconic red colour of the vehicles. The committee cleared a proposal for providing free WiFi on buses by Diwali. The facility is expected to provide commuters with the “estimated time of arrival” of buses at stops.
Britannia- Chipita JV to start production in Tamil Nadu:
The first manufacturing line under the Britannia-Chipita joint venture is set to begin production in Tamil Nadu from early next year. This would entail an investment of about Rs.90 crore. “The new line of products that will emerge from the JV will not be an extension of the existing brand portfolio, but will be branded separately”.
India, Oman to hold counter-terror exercises:
Oman are scheduled to conduct their second bilateral exercise, Al Nagah-II 2017, in March with a focus on counter-terrorism. India has been deepening its defence cooperation with the region. During the visit Chief of the Naval Staff, Admiral Sunil Lanba, to Oman and the UAE. The exercise would be held in the Dhauladhar Ranges at Bakloh in Himachal Pradesh from March 6 to 19.
China lifted 12 million people out of poverty in 2016
China has lifted 12.4 million people out of poverty last year, Su Guoxia, spokesperson with the State Council Leading Group Office of Poverty Alleviation and Development said. China’s financial institutions issued 818.1 billion yuan of loans to aid the anti-poverty drive, and outstanding loans now stand at 2.49 trillion yuan. To meet its goal of eradicating poverty by 2020, China has to lift 10 million people out of poverty every year till 2020.
BANKING & BUSINESS
Govt wants all bank accounts internet-enabled by March 31:
The Union ministry of electronics and information technology wants all bank accounts to be internet-enabled by March 31 after seeing the ‘phenomenal success’ of the Bharat Interface for Money (BHIM) app. A third of all bank accounts aren’t linked to the internet yet. “The IT ministry is looking to ensure all citizens have means to access digital payments.
Cisco help Reliance Jio build world’s largest All-IP digital services platform:
Reliance Jio Infocomm (Jio) has partnered with Cisco to further expand its Jio platform with existing multi-terabit capacity into a first All-IP converged network.
With this network, Jio offers a unique combination of high-speed data, mobile video, VoLTE, digital commerce, media, cloud, and payment services. It is the first network of its kind globally with the fastest growth to 100 million broadband and VoLTE customers, reaching the milestone within six months of launch.
SIDBI, CSFB pact to help MSMEs avail loans at cheaper rate:
Lender to small industries SIDBI signed an agreement whereby it will handhold the Capital Small Finance Bank (CSFB) to enable it to provide loans at a concessional rate to MSMEs.
This MoU will envisages joint financing/co-financing of MSMEs for capital expenditure under ‘SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises’, popularly known as SMILE at a concessional rate of 9.60 per cent by SIDBI.
GIFT City partners with Dubai International Financial Centre for expertise in fields of banking and financial services: