MARCH 5, 2015 COMPLETE REFERENCE TO CURRENT AFFAIRS

Sports:

  • Bangalore University defeated Guru Nanak Dev University to win the title of 22nd Nehru Chanpionship University hockey tournament.
  • Australia broke the previous record of highest runs in World Cup that is held by India of 413 for 5 against Bermuda. Australia scored 417 for 6 against Afghanistan.

Business:

  • RBI relaxed the LTV (Loan to Value) norms to encourage availability of affordable housing to borrowers from EWS and LIG.Now banks while calculating LTV ration can include stamp duty, registration fee and other document charges in the cost of a housing property. These relaxation takes place when a notice brought to RBI that these amounts form around 15% of the cost of house and place burden on the borrowers from EWS and LIG.
  • Excise duty on mobile phones imported into India was increased to 12.5% from 6% in the Union Budget.
  • EXIM Bank aims to boost Indian project exports to over 50 B$ in the next 5 years. For this it is planning to raise about Rs. 13,000 crore during 2015-16.
  • Direct tax collection rose by 10.67% to Rs. 6.12 lakh crore in 11 months of current financial year. During April-February period, the government had collected Rs. 5.53 lakh crore and the tarrget for direct tax collection in Budget 2014-15 is 7.36 lakh crore which was revised to 7.05 lakh crore.
  • Securities Transaction Tax (STT) soared by 45.44% to Rs. 6280 crore.
  • CPI (Consumer Price Index) based inflation targets below 6% by January 2016 and 4 % by 2016-17.

National:

  • Leandaer Paes and Martina Hingis presented Narendra Modi a autographed racquets with which they won mixed doubles of 2015 Australian Open.
  • Two men threw acid on a national level net ball and hammer throw player Rajinder Kaur in Punjab.
  • Foreign secretary S. Jaishankar completed his SAARC Yatra on March 4, 2015. During his SAARC yatra he visited Bhutan, Bangladesh, Pakistan and Afghanistan.
  • Haryana government decided to Introduce Shri Mad Bhagwad Geeta for student of all classes in Schools.
  • Singali Thernal power plant of 1200 MW capacity inaugurated by Prime Minister Narendra Modi in Madhya Pradesh.
  • Narendra Modi will be in Sri Lanka between March 13 to March 15, which is the first official visit by an Indian PM since 1987.
  • Infosys is panning to grow green- A road map to power its entire electricity demand from renewable sources by March 2018. Company will install 175 MW of solar plant costing 1200-1400 crore.
  • Six Indian women’s find place in Forbes Top 50 list of “Asias Power Business Women 2015”

International:

  • The share of women in world parliament has almost doubled in the last two decades said by Inter Parliamentary Union. Women hold 22.1% of all parliamentary seats worldwide, up from just 11.3 % in 1995.
    The IPU is the international organization of Parliaments. It was established in 1889. IPU is groups 166 national legislatures.The Union is the focal point for world-wide parliamentary dialogue and works for peace and co-operation among peoples and for the firm establishment of representative democracy.The IPU supports the efforts of and works in close co-operation with the United Nations, whose objectives it shares. The Union also co-operates with regional inter-parliamentary organizations, as well as with international intergovernmental and non-governmental organizations which are motivated by the same ideals.
    HQ– Geneva.
    President– Mr. Saber Chowdhury
    Secretary General– Martin Chungong.
  • India and Spain signed agreement:
    Defence minister Manohar Parrikar and his Spanian counterpart Pedro Morenes Eulate signed an agreement on Mutual Protection of Classified Information to provide enhance defence research develpment and technology cooperation.
  • Sri Lanka suspended a 1.5 B$ Chinese luxury real estate project in Colombo until it obtains required government approvals.
  • The 2.8 million year old Jawbone of a Homo Habilis (Handy Man) predates by at least 400,000 years was found in Ethopia.
  • Arjun Mahendran, Governor of Sri Lanka’s central bank said in an interview that Sri Lanka has invested top Indian companies to invest in major projects specially in manufacturing sector for closer economic ties.
  • China scaled down its target for economic growth to 7 percent for 2015. Its economy grew by 7.4 percent in last fiscal, the slowest in 24 years.

Emerging News and Terms:

  • Ambassador of India to Nepal- Ranjit Rae.
  • Sunil Sabharwal, appointed as Alternate Executive Director at IMF.
  • A study by US Journal of Health and Social Behavior found that divorce was 6% more likely if the wifr fell ill, than if she remained in good health and vice-versa in case of Husband health.
  • Abhijeet Gupta and Vidit Santosh Gujrath are Chess players.
  • EWS- Economically Weaker Section
  • LIG- Low Income Group
  • Santosh trophy is related to Football.

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