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March 22, 2018

22nd March 2018 Events - Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (22nd March 2018) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 22nd March 2018

International Current Affairs
  • Today (22nd March 2015) is World Water Day.
    • This day is a United Nations initiative to celebrate clean water and bring attention to those who don’t have enough of it.
    • The first World Water Day was celebrated in 1993 after the United Nations approved of the same. 
    • Theme of World Water Day 2018 : 'Nature for Water'
  • German President Frank-Walter Steinmeier is on a 3 day visit to India.
    • This will be his 1st visit to India as the President of Germany after the Angela Merkel government took charge in Berlin on March 14.
    • Aim of this Visit : To strengthen bilateral ties. 
  • Maldives' President Abdulla Yameen Abdul Gayoom today lifted the state of emergency imposed in the country after a period of 45 days. 
    • The emergency was imposed after Maldives' Supreme Court ordered the release of nine jailed opposition MPs including the country's first democratically-elected President Mohamed Nasheed.
National Current Affairs
  • The Union Cabinet today approved the Ayushman Bharat - National Health Protection Mission.
    • Aim : To provide an annual health cover of ₹5 lakh to 10 crore poor families. 
    • According to Union Budget, this is 'world's largest health protection scheme'. 
    • The Centre will fund 60% expenditure incurred by the scheme.
  • The Kerala government today declared Jackfruit as the official fruit of the state
    • Note : Kerala produces 30 to 60 crore jackfruits every year, and revenue of around ₹30,000 crore could be generated through jackfruit products.
  • Scrapping the ₹10,000 cap on funding for education of martyrs' children, the government cleared the way to fully fund the education of children of armed forces personnel missing, killed or disabled on duty. 
  • To promote employment in North Eastern Region states including Sikkim, the Union Cabinet has approved North East Industrial Development Scheme (NEIDS), 2017.
    • This scheme will have financial outlay of Rs. 3000 crores upto March, 2020.
  • Union Minister for Commerce and Industry Suresh Prabhu inaugurates 3-day India Chemicals and Plastics Exhibition at Bombay Exhibition Centre, Mumbai.
MOUs & Agreements
  • India signed agreement with UN to build homes 50000 Houses for Nepal's April 2015 earthquake victims.
    • India will give USD 8.41 million to UNOPS (United Nations Office for Project Services) and USD 7.41 Million to the UNDP (United Nations Development Programme) to build 50000 homes by this agreement.
Science & Technology
  • Formidable Supersonic Cruise Missile BrahMos today successfully flight tested from Pokhran test range in Rajasthan. 
    • The precision strike weapon with Indian-made seeker flew in its designated trajectory and hit the target with pin-point accuracy.
New Appointments
  • Walmart India today appointed Sameer Aggarwal, a former executive at American fast food chain KFC, as Executive Vice-President and Chief Strategy & Administrative Officer
    • He will lead the finance, technology, legal, audit and strategy functions of the company. 
Awards & Honors
  • Noted actor Amol Palekar was honoured with the ‘Godavari Gaurav’ award, which has been instituted by ‘Kusumagraj Prathishthan’
    • The award was given by noted Marathi writer Madhu Mangesh Karnik, who is the chairperson the Prathishthan.
  • The Singapore Changi Airport has been named the world's best airport for the sixth consecutive year by consultancy firm Skytrax. 
    • The Incheon International Airport in South Korea and Haneda Airport in Japan were placed second and third respectively. 
    • Note : Mumbai airport has been ranked 63rd, the airports in Bangalore and Delhi are at 64th and 66th place respectively.
Banking, Business & Economic Affairs
  • Meeting for the first time under Chairman Jerome Powell, the US Federal Reserve officials, today raised the interest rate by 25 bps to a range of 1.5% to 1.75%. 
    • The benchmark rate is closely tied to consumer interest rates, affecting auto loans, mortgage loan and credit cards. 
    • The US central bank also forecast at least two more hikes for 2018.
  • The Cheque Books of 6 Banks that merged with State Bank of India (SBI) will become invalid after March 31. 
    • Customers of erstwhile associate banks and Bharatiya Mahila Bank have been asked to apply for new cheque books to avoid inconvenience. 
  • Citi Bank India has launched India's first home loan linked to the 3-month Government of India Treasury Bill benchmark rate. 
    • This will give home buyers the opportunity to take part in a floating rate benchmarked to a publicly available external reference rate, which is driven by market forces, and in line with international markets such as the US, Singapore, Taiwan and Hong Kong.
  • Karnataka Vikas Grameena Bank (KVGB) has launched ‘Vikas She Plus’, a loan scheme for women to take up new ventures or for expanding/modifying the existing enterprises. 
    • This scheme provides loan up to a maximum of ₹2 lakh with a repayment period of 60 months.
    • Chairman of KVGB : S Ravindran
  • The Parliament today passed the Payment of Gratuity (Amendment) Bill which will increase the ceiling of tax-free gratuity amount to Rs 20 lakh from Rs 10 lakh. 
    • Further, this will allow the government to increase the gratuity ceiling from time to time without amending the law. 
  • Arvind Kejriwal-led Delhi government today presented its 1st “green budget” in the assembly, with an emphasis on education, health and environment. 
    • Out of the total Rs 53,000 cr budget, Rs 13,999 crore has been allocated for education sector in the state.
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