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March 14, 2018

14th March 2018 Events - Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (14th March 2018) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 14th March 2018

International Current Affairs
    • The world observed 'Pi Day' today to celebrate March 14 (3/14), which coincides with Mathematical constant Pi's value (3.14). 
      • Pi denotes the ratio of the circumference to the diameter of a circle in Mathematics.
    • Today (2nd Wednesday in March) is No Smoking Day.
      • This is an annual health awareness day intended to help smokers who want to quit smoking.
    • Iran has supported Pakistan over the Kashmir issue by reiterating its support "for the people of Kashmir for their right to self-determination".
      • Iran's Foreign Minister Mohammad Javad Zarif also invited Pakistan to participate in the Chabahar Port Project
      • Note : India developed the Chabahar Port to open a trade route to Afghanistan and central Asia by bypassing Pakistan.
    • The Saudi Information Ministry today announced that divorced mothers can now retain custody of their children
      • This comes as part of a series of social and economic reforms initiated by Saudi Crown Prince Mohammed bin Salman in 2016.
      • Important Note : Saudi woman were earlier required to petition courts to win custody of children after divorce. 
    • As part of the 1st leg of his 2 nation visit (Mauritius and Madagascar) President Ram Nath Kovind visited Mauritius.
      • During this visit, Kovind inaugurated World Hindi Secretariat building in Port Louis, Mauritius. 
      • Important Note : Later he will visit Madagascar, making him 1st Indian President to visit largest African island country.
    National Current Affairs
    • Arunachal Pradesh Assembly has passed Arunachal Pradesh Land Settlement and Records Amendment Bill, 2018.
      • This bill will allow the state's tribal people to have ownership rights over their land for the first time. 
      • The bill caters to indigenous people, including communities and clans possessing land possession certificates. It will also allow them to use their land as collateral for loans.
    New Appointments
    • Germany's Parliament today re-elected Angela Merkel as the country's Chancellor for the 4th time in a row, putting an end to nearly six months of absence of government in the country. 
      • Merkel, who has led the country since 2005, is Germany's eighth incumbent leader and could become its longest-serving Chancellor after successful completion of her fourth term in 2022.
    • US President Donald Trump today appointed Gina Haspel as the intelligence agency CIA's first female Director after appointing outgoing Director Mike Pompeo as the Secretary of State. 
    • Bidhya Devi Bhandari was today elected Federal Nepal's first President after securing nearly two-thirds vote from lawmakers.
      • With this, Bhandari secured her second presidential term defeating Nepali Congress leader Kumari Laxmi Rai in the elections. 
    Banking, Business & Economic Affairs
    • The Reserve Bank of Insia (RBI) has discontinued the issuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for import trade credits. 
      • This comes after Nirav Modi and Mehul Choksi's firms allegedly defrauded PNB of $2 billion by raising overseas credit using fraudulent LoUs. 
      • What is LoU ?
      • An LoU is an assurance given by one bank to another to meet liabilities on a customer's behalf.
    • The government has directed all state-run banks to publish the names and photographs of wilful loan defaulters in newspapers after getting approval from their board of directors. 
      • Last week, the government made passport details mandatory for availing loans worth over ₹50 crore. 
    • Google is going to ban advertisements promoting Cryptocurrencies and related content including initial coin offerings, from June this year. 
      • Note : Earlier, social network Facebook also banned advertisements promoting cryptocurrencies.
    • E-commerce major Amazon has launched its 1st-ever debit card called 'Amazon Rechargeable' in Mexico
      • Customers who do not have a credit or debit card will be able to convert cash into a payment method in an easy way through Amazon's debit card, the company said.
    • Unique Identification Authority of India (UIDAI) has clarified that Aadhaar is still necessary for opening new bank accounts or applying for Tatkal passports
      • Note : The Supreme Court yesterday had shifted the deadline for linking it to existing bank accounts and PAN card, among others. 
    • Union Minister CR Chaudhary today revealed that the Foreign Direct Investment (FDI) of $209 billion has been received during April 2014 to December 2017 period. 
      • The sectors that received maximum inflows include services, computer software and hardware, construction, telecom, automobile, and trading
      • He further revealed that functional Export Oriented Units have reduced to 2,197 from 2,239 in 2016-17.
    MOUs & Agreements
    • The Telangana government today signed a Memorandum of Understanding (MoU) with a Tamil Nadu-based firm for setting up a ₹100-crore apparel superhub in the state. 
      • With this project, around 15,000 people will get employment, out of which around 90% will be women.
      • The hub will be developed on 20 acres in Sircilla.
    • Renowned British theoretical physicist and cosmologist Stephen Hawking (76) has passed away.
      • He was known for his theory on black holes, the boundless universe, and authoring a bestselling book titled 'A Brief History of Time'.
      • He was paralysed with Motor Neurone Disease at the age of 21 and doctors expected him to live for only two more years.
    • Bollywood Actor Narendra Jha (55), known for appearing in films like 'Raees' and 'Haider', passed away.
      • He also appeared on television shows like 'Shanti' and 'Itihaas'. 
    • Former Nazi SS guard Oskar Gröning (96) famously known as the 'Bookkeeper of Auschwitz' passed away, before beginning his prison sentence. 
      • He was found guilty of being an accessory to the murders of 3 lakh Jews at the Auschwitz death camp during WWII. 
    Awards & Honors
    • The Indian Council of Medical Research (ICMR) was awarded 2017 Kochon Prize for building tradition of excellence in Tuberculosis (TB) research and development
    Monthly Current Affairs PDF Downloads
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