14th March 2018 Events - Important Daily Current Affairs

sponsored links

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

Daily Current Affairs of 134th 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.
• 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 andhardware, 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.

Deaths

• 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 Prizefor building tradition of excellence in Tuberculosis (TB) research and development. 

Read more Daily Current Affairs updates from here

Monthly Current Affairs PDF Downloads ↓

• DownloadJanuary 2018 Month's Current Affairs PDF File from here (New)
• DownloadDecember 2017 Month's Current Affairs PDF File from here 
• Download November 2017 Month's Current Affairs PDF File from here   
• Download October 2017 Month's Current Affairs PDF File from here  
• Download September 2017 Month's Current Affairs PDF File from here 
• DownloadAugust 2017 Month's Current Affairs PDF File from here
• Download July 2017 Month's Current Affairs PDF File from here
• Download June 2017 Month's Current Affairs PDF File from here 
• Download May 2017 Month's Current Affairs PDF File from here
• Download April 2017 Month's Current Affairs PDF File from here
• Download March 2017 Current Affairs Quick Review from here 
• Download February 2017 Current Affairs Quick Review from here
• Download January 2017 Current Affairs Quick Review from here

sponsored links

Let's block ads! (Why?)

- http://feedproxy.google.com/~r/blogspot/nTMtk/~3/lALsDw3EZA8/14th-march-2018-daily-current-affairs.html