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March 02, 2018

2nd March 2018 Events - Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (2nd March 2018) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 2nd March 2018

International Current Affairs
  • The 22nd World Information Technology Congress (WITC) 2018 was held at Hyderabad (Telangana)
    • Theme of WITC 2018 : Future Enterprises
    • Note : India is hostedWITC for the first time. 
  • The South Korean National Assembly has passed a law reducing the maximum weekly working hours from 68 to 52
    • The new work week will consist of 40 regular hours and an additional 12 hours of overtime. 
National Current Affairs
  • The Centre today approved projects worth over Rs 2,900 crore under the Nirbhaya fund for eight major cities of the country in a bid to make them safer for women.
    • Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad Ahmedabad and Lucknow have been sanctioned a total of Rs 2,919.55 crore after a meeting today of the Empowered Committee, which is headed by the secretary of Women and Child Development (WCD).
    • Note : The Nirbhaya Fund was set up in the aftermath of the gruesome gangrape and murder of a paramedical student in Delhi in 2012, and aims at improving safety for women.
  • The National Highways Authority of India (NHAI) is going to deploy an all-female staff in at least one of its toll booths in each state across the nation on the occasion of International Women's Day (March 8). 
  • In a first, the Maharashtra government has announced a collaboration with online encyclopedia Wikipedia to promote Marathi globally and increase its online usage. 
    • This move is aimed at providing Marathi-speaking people a single platform to interact and help reach Maharashtrians who have settled abroad.
Awards & Honors
  • Indian women’s Twenty20 cricket team captain Harmanpreet Kaur joined the Punjab police as a Deputy Superintendent of Police (DSP) today
    • Punjab Chief Minister Captain Amarinder Singh and Director General of Police (DGP) Suresh Arora pinned the stars on her uniform.
Science & Technology
  • Wadhwani AI, India’s first research institute dedicated to developing artificial intelligence solutions for social good was inaugurated in Mumbai today. 
    • The institute will focus on researching ways to harness the power of AI to solve deep rooted problems in healthcare, education, agriculture, and infrastructure to accelerate social development.
Banking, Business & Economic Affairs
  • India's largest lender State Bank of India (SBI) has increased Marginal Cost-based Lending Rates (MCLR) across most maturities, making home, education, and auto loans more expensive. 
    • The bank raised the key one-year MCLR rate to 8.15% from 7.95%, effective immediately. 
  • The scam-hit Punjab National Bank (PNB) raised its lending rate by 15 basis points to 8.30% with immediate effect.
    • The bank also increased its retail and build deposit rates by up 45 basis points on various maturities.
  • China has topped the Hurun Global Rich List 2018 with 819 billionaires, beating the United States which had 571 billionaires. 
    • India replaced Germany to reclaim the third spot in the list with 131 billionaires. 
    • Jeff Bezos of Amazon stood at first place with $123 billion.
    • Warren Buffett overtook Bill Gates and grabbed the 2nd position. 
    • Pony Ma of Tencent became the richest Asian with $47 billion
  • Indian e-payments and e-commerce brand Paytm has emerged as the largest contributor to the overall volume of UPI transactions in February 2018. 
    • This is within two months after the full roll-out in January.
  • The Union Cabinet today approved draft rules to set up National Financial Reporting Authority (NFRA), an independent regulator to oversee auditing and accounting standards. 
    • NFRA's jurisdiction will extend to listed and large unlisted public companies.
    • The existing self-regulatory body, Institute of Chartered Accountants of India (ICAI), will continue to govern audits of smaller companies.
  • The Indian Railways has announced that Merchant Discount Rate (MDR) charges won't be levied on passengers for booking railway tickets through debit cards.
  • The deadline for mandatory KYC (Know Your Customer) compliance by prepaid wallet customers has expired on 28th February 2018.
    • The customers who haven't completed the KYC won't be able to reload their wallet or send money to others. 
  • To deal with those banking fraudsters who are escaping overseas to avoid getting caught, the Union Cabinet proved the Fugitive Economic Offenders Bill. 
    • This bill empowers the government to confiscate any property owned by such persons in India.  
    • Announced in Budget 2017, the bill was hastened after PNB scam accused Nirav Modi fled the country and refused to cooperate with investigations.
  • The CBI has charged former CMD of United Bank of India Archana Bhargava for amassing assets worth over ₹3.6 crore, 133.23% more than her known sources of income. 
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