Important current affairs of March 22, 2017
IMPORTANT CURRENT AFFAIRS OF MARCH 22, 2017
- World water day observed globally
- World Water Day is held annually on 22 March as a means of
focusing attention on the importance of freshwater and advocating for the
sustainable management of freshwater resources.
- In 2017, the theme for World Water Day is 'Wastewater'.
- Rs 2 lakh is the cash transaction limit, Aadhaar mandatory for I-T returns
- The Rs 3-lakh limit proposed for cash payments in the Budget
for 2017-18 will
- be brought down to Rs 2 lakh as part of an unprecedented 40
amendments to the Finance Bill.
- Finance Minister Arun Jaitley announced the amendments in the
lower House. This is aimed at tightening the noose on those dealing in
cash.
- Most other amendments are making Aadhaar mandatory for filing
tax returns, applying for permanent account numbers (PAN) and allowing payments
by only non-cash modes such as cheques, bank drafts or electronic transfers for
electoral trusts are also aimed at curbing black money.
- RBI proposes to fix upper limit in PPIs at
Rs 1 Lakh
- The RBI proposed to fix the upper limit for Pre-paid Payment
Instruments (PPIs) at Rs 1 lakh in view of growing usage of PPIs for a purchase
of goods and services.
- The central bank has sought comments on draft circular on
Master Directions on Issuance and Operation of Pre-paid Payment Instruments
(PPIs) in India till March 31, 2017.
- As per the draft, the amount in a PPI should not exceed Rs 1
lakh at any point of time if the customer provides full KYC and Rs 20,000
if the customer provides minimum KYC details to the PPI issuing entity.
- Assam Government approves recommendation of
7th Pay Commission
- The Assam state cabinet has decided to implement the
recommendation of the Seventh Pay Commission.
- The implementation will make state exchequer bear an
additional burden of over Rs. 3000 Crore in the next financial year and the
proposed pay structure would come into effect from 1 April 2016.
- Second India-UAE conference on globalization to be held in Dubai
- The second India-UAE conference on globalization held at Dubai
with an aim to promote cooperation between the two countries, organized by All
India Management Association (AIMA).
- Health care innovation will be among the subjects discussed
during the conference themed as ‘Resetting Globalisation: Collaborating
in a Fast Changing World'.
- Russia’s VTB bank to shut India office
- Russian bank VTB has decided to close its only office in New
Delhi, India to cut costs but will continue to work in India.
- The decision to shut the branch in India was taken as part of
a strategy of VTB Group aimed at optimizing costs and will continue to work on
the Indian market expanding its cooperation with local partners.
- Madhabi Puri Buch appointed as SEBI
whole time member
- The government has announced Madhabi Puri Buch as new whole
time member of Securities and Exchange Board of India (SEBI) for
the period of three years.
- She is currently serving in the New Development Bank,
Shanghai.
- ABB India bags award for restoring 1,035 MW
Sharavathi plant in Karnataka
- ABB India has restored and modernized the critical 1,035 MW
Sharavathi hydropower plant in Karnataka that accounts for 25% of Karnataka
Power Corporation’s generation.
- For restoring the crucial power infrastructure, the ABB has
bagged 'the India Smart Grid Foundation (ISGF) innovation award'.
- ISRO commissions two major facilities at
VSSC
- Indian Space Research Organization (ISRO) commissioned two
major facilities a Hypersonic Wind Tunnel and Shock
Tunnel at the Vikram Sarabhai Space Centre at
Thiruvananthapuram.
- Commissioning of such facilities would provide adequate data
for design and development of current and future space transportation systems
in the country.
- Majuli all set to become India’s 1st carbon
neutral district
- Assam Chief Minister Sarbananda Sonowal launched initiatives to
develop Majuli, world biggest river island, as India’s first carbon neutral
district and as a biodiversity heritage- yet not officially released.
- He launched “Forests are Lives” campaign to celebrate the
importance of Assam’s rich forest and biodiversity.
- Shri Upendra Tripathy Appointed as Full Time
Interim Director General of ISA
- Shri Piyush Goyal, Union Minister for Power, Coal, New and
Renewable Energy and Mines and Ms. Ségolène Royal, Minister for Environment,
Energy and Marine Affairs Government of France jointly decided to appoint Mr.
Upendra Tripathy, as the Interim Director General (IDG) of the International
Solar Alliance (ISA) on a full time basis.
- Mr. Upendra Tripathy was the Former Secretary, Ministry of New
and Renewable Energy.
- ICMR head named to UN group on antimicrobial
resistance
- The Indian Council of Medical Research (ICMR) Director Soumya
Swaminathan has been named to a high-level group set up by UN Secretary General
Antonio Guterres to provide expertise on and coordinate the global fight
against antimicrobial resistance.
- 4 Indian cities among cheapest globally: EIU
- Four Indian cities are among the cheapest to live in globally,
while Singapore (last in the list) has been ranked as the most expensive for
the fourth consecutive year, according to a 'Worldwide Cost of Living 2017'
report by Economist Intelligence Unit (EIU).
- Bengaluru (3rd place), Chennai (6th), Mumbai (7th) and New
Delhi (10th) have been ranked by EIU among the 10 cheapest cities in the world.
- Almaty has been ranked as the cheapest city in the
world.
- Major Rohit Suri awarded Kirti Chakra
- Major Rohit Suri, from the Parachute Regiment who led the army
team that carried out a surgical strike in PoK last year, was presented the
second highest peacetime gallantry award Kirti Chakra by President Pranab
Mukherjee.
- Corporal Gursevak Singh of Indian Air Force was posthumously
conferred the Shaurya Chakra for putting up a valiant fight against terrorists
who had attacked the frontline Pathankot air base.
- K T Irfan Wins Bronze in Asian Racewalking
Championships
- India’s national record holder in men’s 20km race walk, K T
Irfan has won bronze at the Asian Race Walking Championships in Nomi,
Japan.
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