Current Affair - 26/March/2019

ABHEDYA facility commissioned at Lonavala –

Ø    Admiral Sunil Lanba commissioned a Nuclear, Biological, Chemical Training Facility –ABHEDYA, at INS Shivji, Lonavala an 25 March 2019.

Ø    It will assist the Indian Navy in providing a realistic simulation of NBC war fare to its personnel.

Ø    The steel structure of the simulator represents the relevant NBC compartment of the ship such as upper decks, citadels, cleaning stations, etc.

Exercise AI Nagah 2019 concluded –

Ø    The 3^rd edition of Exercise AL NAGAH 2019 concluded at Jabel AI Akhdar training camp, Oman on 25 March 2019.

Ø    It was a joint military exercise between the Indian Army and the Royal Oman Army.

Ø    The 2 week long exercise has commenced on 12 March 2019.

Ø    60 soldier’s of the Indian Army took part in the exercise along with similar strength of pers from the Royal Army of Oman.

Apple card introduced –

Ø    Apple announced Apple card on 25 March 2019, an innovative, new kind of credit card created by Apple.

Ø    It has been designed to help customers lead a healthier financial life.

Ø    It is built into the Apple Wallet app on the iPhone, offering customers a similar experience with Apple pay and ability to manage their card right on the iPhone.

Apple announced Apple TV Plus –

Ø    Apple announced its Apple TV Plus streaming service along with the handful of original TV shows that are in the works, on 25 March 2019.

Ø    However, it left key details such as price, a release date, or a real sense of the company strategy.

India’s G Sathiyan won bronze medal –

Ø    India’s top-ranked paddler G Sathiyan won a bronze medal at the ITTF Challenge Plus Oman Open on 24 March 2019.

Ø    It was disappointing for India in women singles as both Madhurika Patkar and Riti Shankar failed to go past the first round of the main draw.

Ø    In men’s doubles, Sathiyan and Sharath lost their quaterfinals to the Russian pair of Denis Ivonin and Vladimir Sidorenko 2-3.

India ranked 76 on WEF’s global index –

Ø    India ranked 76^th on a global energy transition index, which has ranked 115 economics on how well they are able to balance energy security and access with environmental sustainability and affordability.

Ø    Sweden was on the top followed by Switzerland and Norway in the top three.

Ø    China ranked even lower than India at the 82^nd position.

Obituaries –

Ø    Singer-songwriter Scott Walker passed away on 25 March 2019, after a carrier that took him from 1960s pop icon to the 21^st-centuary avant-grade musician.

Ø    One of Tupelo’s best known civil rights leaders Revender Robert J. Jamison, Sr. passed away on 24 March 2019.

Bharat Consumption scheme launched –

Ø    ICICI Prudential AMC launched ICICI Prudential Bharat Consumption Scheme on 26 March, 2019

Ø    The scheme aims to benefit from the Indian consumption story, considered as one of the fastest growing consumptions markets globally.

Ø    The offer will open on March 26 and close April 9 2019.

Ø    The scheme is an open-ended equity scheme following the consumption theme.

RBI appointed 5-member committee –

Ø    RBI appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through FinTech.

Ø    The RBI has requested the committee to give recommendations in three months in this regard.

Ø    This was announced at the inaugural event of FinTech Conclave organized by Niti Aayog in New Delhi on 25 March 2019.

Indian Oil companies won ADNOC awards –

Ø    A constortium of 2 Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil, Corporation Ltd have been awarded the exploration right of Abu Dhabi Onshoe Block 1.

Ø    The Abu Dhabi National Oil Company, ADNOC, signed agreements awarding the exploration rights on 25 March 2019.

Ø    The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council.

Chandrayan 2 to carry laser instruments –

Ø    India’s lunar mission Chndayaan 2, scheduled to launch in April, will carry NASA’s laser instruments that allows scientist to make precise measurements of the distance of the moon.

Ø    In Chandrayaan – 2 Mission, a 3,890-kg Chandrayaan-2 spacecraft will orbit around the Moon to Study its condition and collect data of its topography, mineralogy and exosphere.

SEBI modified commissions –

Ø    SEBI reviewed and modified the commission as well as disclosure norms for the mutual fund industry on 25 March 2019.

Ø    The over came after SEBI in October 2018 asked the asset management companies (AMC) to adopt full trial mode of commissions of all schemes.

Ø    The commission will be paid from AMC’s books and only the first SIP(s) purchased by the new investor will be eligible for upfronting.

Anil Nair: CEO of VMLY&R -

Ø    VMLY&R appointed Anil Nair as the CEO of its India Business effective immediately at 25 March 2019.

Ø    Based out of Agency’s Mumbai office, he will report to VMLY&R Asia co-chief executive Tripti Lochan, who is based in Singapore.

Ø    Nair will oversea VMLY&R’s India operation, driving growth and building an agency’s integrated service opening spanning creative, technology and data services.

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