Daily Current Affairs: 21st March, 2017

Current Affairs 21st March, 2017

Paytm introduces insurance cover to safeguard wallet balance

Digital payment facilitator Paytm has announced an insurance cover to protect the money stored in Paytm Wallets.

  • Money lost due to fraudulent transactions as a result of theft, burglary, loss of device or unauthorised access of a user’s Paytm wallet will now be refunded. This cover is being provided to users at no additional cost.
  • All customers will be insured up to a limit of Rs. 20,000 or their wallet balance, whichever is lower.

Russia’s VTB bank to shut India office

Russian bank VTB has decided to close its only office in India (which is in New Delhi) to cut costs but will continue to work in India.


Government aims to make India a global biotech hub by 2020

The Biotechnology Industry Research Assistance Council (BIRAC) celebrated its fifth Foundation Day.
  • The Foundation Day, aptly themed ‘Impacting the Biotech Innovation Ecosystem’.
  • Globally, BIRAC has been hailed as one of the most effective government measures to create an enabling environment for research and development to flourish in a country and govt aims to develop India into a global innovation hub by 2020.

India is hosting Commonwealth Auditors General conference

India is hosting the 23rd Conference of Auditors General of Commonwealth nations and nine British overseas in New Delhi from March 21-23 to discuss the role of technology in public audit.

  • This is the first time that India is hosting the conference.

Four Indian cities are among the cheapest to live in globally: EIU

Four Indian cities are among the cheapest to live in globally, while Singapore has been ranked as the most expensive for the fourth consecutive year, according to a report by Economist Intelligence Unit (EIU).

  • Bangalore (3rd place), Chennai (6th), Mumbai (7th) and New Delhi (10th) have been ranked by EIU among the 10 cheapest cities in the world.
  • Almaty in Kazakhstan has been ranked as the cheapest city in the world followed by Lagos.

India home to 101 billionaires, Mukesh Ambani tops list: Forbes

The U.S. continues to have more billionaires than any other nation, with a record 565. India has the fourth highest number with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine.

  • The list includes only four women billionaires from India, led by Savitri Jindal and her family at the 303rd position with a net worth of $5.2 billion.

Maj. Rohit Suri awarded Kirti Chakra

The second highest peacetime gallantry award ‘Kirti Chakra’ went to a young officer, Major Rohit Suri, who was part of the surgical strikes last year.

  • Major Rohit Suri was the mission leader of the team which was tasked to carry out operations against terrorist’s hideout in J&K
  • Another member of the surgical strikes team Nb Sub Vijay Kumar was conferred the Shaurya Chakra for the “vital role during the close recce carried out prior to the assault which gathered crucial information about the hideout and facilitated the mission planning.”

2017 Vijay Hazare Trophy: Tamil Nadu crowned champions after beating Bengal

Tamil Nadu regained the Vijay Hazare trophy after beating Bengal by 37 runs in the final of the 2017 edition. With this win, they become the only team to win the tournament five times (one of them was shared with Uttar Pradesh in 2004-05).


Cheteshwar Pujara becomes first Indian to face 500 balls in Test innings

Pujara became the first Indian batsman to face 500 balls in a Test innings by surpassing Rahul Dravid’s previous best of 495 balls.


NBCC to execute social housing project in Mauritius

NBCC, a Navratna construction major under the Ministry of Urban Development will execute a US $ 20 million (Rs.130 cr) social housing project in Mauritius. A Memorandum of Understanding (MoU) in this regard was signed in the presence of Minister of Urban Development Shri M.Venkaiah Naidu and the visiting Vice-Prime Minister and Minister of Housing and Lands Shri Showkutally Soodhun.


Second India-UAE conference on globalisation to be held in Dubai

The second India-UAE conference on globalisation will be held at Dubai with an aim to promote cooperation between the two countries. Organised by All India Management Association (AIMA), the conference will be attended by leading industry figures from both countries to discuss strategies to win in a fast-changing world.


ICMR head named to UN group on antimicrobial resistance

Indian Council of Medical Research 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.


 

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