Friday, March 10, 2017

Current Affairs Update - 10 March, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs Update of 10 March, 2017. These are important for the upcoming SBI PO Mains, NIACL Assistant Mains as well as other insurance and bank exams.


Current Affairs at a Glance - 10 March, 2017 - Tap to show
  1. State Bank of India and the German KfW Development Bank have concluded a $274 million (approximately Rs. 1,800 crore) 15-year promotions loan facility to support lending for affordable housing in India.
  2. Tata Motors today said it has entered into a long-term partnership agreement with Volkswagen Group and Skoda for joint development of products with the first rollout expected in 2019.
  3. The Department of Animal Husbandry along with Dairying and Fisheries and the Ministry of Agriculture and Farmers Welfare would be launching a pilot scheme for the development of ornamental fisheries with a total outlay of Rs 61.89 crore.
  4. B P Kanungo was on Friday appointed deputy governor in Reserve Bank of India (RBI) for three years.
  5. Donald Tusk on 9 March 2017 was appointed to a second term as President of the European Council, one of the European Union’s governing bodies.
  6. INS Tillanchang, a Water Jet Fast Attack Craft (WJFAC) was commissioned into the Indian Navy, at Karwar on 9 March 2017.
  7. Odisha Chief Minister Naveen Patnaik on 8 March 2017 launched a helpline number 181 for women in distress on the occasion of International Women's Day 2017.





Financial and Banking News:

SBI, KfW tie up $274 mn loan facility for affordable housing


  • State Bank of India and the German KfW Development Bank have concluded a $274 million (approximately Rs. 1,800 crore) 15-year promotions loan facility to support lending for affordable housing in India.
  • Siddhartha Sengupta, Deputy Managing Director signed the agreement on behalf of SBI, while KfW was represented by Dr. Norbert Kloppenburg, Member of the Executive Board and Mr. Roland Siller, Member of the Management Committee of KfW Development Bank.
  • The bank, in a statement, said with its focus on housing loans for Economically Weaker Sections (EWS) and Lower Income Group (LIG) households, the facility is designed to complement the Government of India's flagship affordable housing programme, the Pradhan Mantri Awas Yojana.
  • These lower income household categories account for 95 per cent of the estimated shortage of 20 million housing units in the country.

Tata Motors inks pact with VW, Skoda; products likely from 2019


  • Tata Motors today said it has entered into a long-term partnership agreement with Volkswagen Group and Skoda for joint development of products with the first rollout expected in 2019.
  • The agreement was signed by Guenter Butschek, CEO & MD of Tata Motors, Matthias Muller, CEO of Volkswagen AG, and Bernhard Maier, CEO of Skoda Auto, Tata Motors said in a statement.
  • Based on the strategic alliance, Tata Motors plans to launch products in the Indian market starting calendar year 2019, it added.
  • Under the Memorandum of understanding signed between the partners, Skoda Auto will take the lead on behalf of the Volkswagen Group to drive forward work towards development of vehicle concepts in the economy segment.
  • Tata Motors and Skoda Auto, representing the Volkswagen Group, will detail the guiding principles and terms of cooperation in the next few months, the statement said.

Centre to Launch Pilot Project on Ornamental Fisheries


  • The Department of Animal Husbandry along with Dairying and Fisheries and the Ministry of Agriculture and Farmers Welfare would be launching a pilot scheme for the development of ornamental fisheries with a total outlay of Rs 61.89 crore.
  • The scheme would mainly focus on creating an environment that would enable sustainable development of Ornamental Fisheries for the socio-economic development of the people attached to the activity as well as for exports.
Following are the major objectives of the project:

  • To promote ornamental fish culture in India through cluster-based approach.
  • To expand ornamental fisheries trade and export earnings
  • To create employment opportunities for the rural & peri-urban population
  • To use modern technology and innovation to make ornamental fisheries a thriving activity.

Appointments:

B P Kanungo appointed RBI deputy governor


  • B P Kanungo was on Friday appointed deputy governor in Reserve Bank of India (RBI) for three years.
  • The Appointments Committee of Cabinet (ACC) has approved his appointment to the post with effect from the date of taking over the charge on or after April 3, an order issued by Personnel Ministry said.
  • He has been appointed in place of R Gandhi, it said.
  • Kanungo was in March last year appointed as Executive Director in the central bank.
  • The ACC has also named Dilip S Shanghvi as Member, Western Local Board of RBI.

Donald Tusk re-elected as President of European Council


  • Donald Tusk on 9 March 2017 was appointed to a second term as President of the European Council, one of the European Union’s governing bodies.
  • Tusk won the elections despite objections from the government of his own country, Poland.
  • Poland had argued that the decision should be delayed because of its displeasure with Tusk.
  • However, Poland was overruled by leaders of the 27 other European Union member countries as they gathered for their spring summit meeting. It is the first time that such a decision was made without unanimity since the position was created in 2009.

Non-financial news related to India and states:

INS Tillanchang commissioned at Karwar


  • INS Tillanchang, a Water Jet Fast Attack Craft (WJFAC) was commissioned into the Indian Navy, at Karwar on 9 March 2017. It was commissioned by Vice Admiral Girish Luthra, the Flag Officer Commanding-in-Chief Western Naval Command.
  • INS Tillanchang is the third ship of four follow-on WJFAC built by the Garden Reach Shipbuilders and Engineers (GRSE) Kolkata. The ship has been indigenously designed and built and is an upgrade from the Chetlat class of Fast Attack Craft that the Indian Navy possesses.
  • The first two ships of the class, INS Tihayu and INS Tarmugli, were commissioned in 2016 and are based at Visakhapatnam. During the speed trail, INS Tillanchang was able to achieve the fastest speeds among all WJFACs.


Odisha Government launches 181 helpline for distressed women

  • Odisha Chief Minister Naveen Patnaik on 8 March 2017 launched a helpline number 181 for women in distress on the occasion of International Women's Day 2017.
  • This toll free helpline number will be available for 24 hours in all the 30 districts of the state.The helpline will extend prompt response to women affected by violence.
  • It will provide information about women-related government schemes and programmes and a range of other services.


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