Current Affairs March 24 2019

We are here for you to provide the important Current Affairs March 24 2019, which have unique updates of all daily events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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INDIAN AFFAIRS

Under UAPA Centre bans Jammu Kashmir Liberation Front
On 23^rd March 2019, the Central Government banned Jammu Kashmir Liberation Front (JKLF) under the provisions of Unlawful Activities Prevention Act (UAPA), 1967 as an unlawful association.
Key Points
i. Yasin Malik lead JKLF is creating a separatist ideology in the Kashmir Valley. It has been doing its separatist activities and violence since 1988.
ii. In accordance with the policy of zero tolerance against terrorism the Centre decided to ban JKLF. It has been creating hatred against the government as well as the armed rebellion.
iii. UAPA aims to prevent unlawful activities association in India and to provide necessary powers to the investigating agencies to act against activities directed against the nation.

BANKING & FINANCE

Implementation of Indian Accounting Standards deferred by RBI
On 22nd March 2019, Reserve Bank of India postponed the implementation of the Indian Accounting Standards (Ind AS) by banks until further notice for the reason of requisite legislative amendments, which are still under consideration of the government.

Key Points:
i. Earlier, Reserve Bank of India had postponed the implementation of the Indian Accounting Standards (Ind AS) by the banks in April 2018 by one year.
ii. Legislative amendments are recommended by the Reserve Bank of India.
iii. From 1st April 2018, Indian Accounting Standards (Ind AS) are the norms which are required to be implemented for Scheduled Commercial Banks (SCBs), excluding Regional Rural Banks (RRBs).
iv. According to Fitch Ratings’ local unit, if the rule had implemented India’s state-run lenders would have had to increase provisions by approx. 1.1 trillion rupees ($16 billion) in the fiscal first quarter (end in June).
v. It would have an impact to the public sector lenders to boost “substantial” amounts of extra capital, beyond the estimated 1.9 trillion rupee infusion which was committed by the government for the two-year period to the end of March.
About Reserve Bank of India
♦ Governor:Shaktikanta Das
♦ Headquarters:Mumbai
♦ Subsidiaries of RBI: Deposit Insurance and Credit Guarantee Corporation of India (DICGC), National Housing Bank (NHB), Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)

AWARDS & RECOGNITIONS

An Overview of 64^th Film fare Awards 2019
On 23^rd March 2019, The 64^th Filmfare Awards 2019 was held at Jio Garden, BKC, Mumbai. The event was hosted by Bollywood’s leading Actors, Directors, Musicians and Singers…………………….Click here to Read more

SCIENCE & TECHNOLOGY

Italy’s Earth-Watching PRISMA Satellite launched by Vega Rocket
On 21^st March 2019, Italy’s new Earth-observation satellite named PRISMA (Precursore Iperspettrale della Missione Applicativa) launched from the Guiana Space Centre in Kourou, French Guiana by 98 foot (30 meters) tall Vega rocket which was developed by the joint venture of Italian Space Agency OHB Italia SpA and the European Space Agency LEONARDO SpA.

Key Points:
i. PRISMA is an electro-optical instrument, which is designed to take medium resolution photos to give information about environmental monitoring, natural resources, pollution and crop health.
ii. The PRISMA satellite will operate in a sun-synchronous orbit.

SPORTS

2019 Lingshui China Masters held in China
On 17^th March 2019, the 2019 Lingshui Masters Badminton Tournament held in Agile Stadium in China. Weng Hongyang won the Men’s Singles title in tournament.
Highlights
i. This was the first Super 100 Tournament of the 2019 BWF World Tour.The tournament was organized by the Chinese Badminton Association and sanctionedby the Badminton World Federation (BWF).
ii. The Super 100 Tournament commenced on 12^th March with a total prize money of USD 75000.

In the Indian Premier League, Chennai Super Kings(CSK) batsman Suresh Raina made a new record to surpass 5,000 runs
On 24^th March 2019, Suresh Raina, a batsman of Chennai Super Kings became the first batsman to make a record by surpassing 5,000 runs in the Indian Premier League in Chennai.

Key Points:
i.He scored 5000 runs from 177 matches at a strike-rate of 138.15 consisting 35 fifties and one hundred.
ii.He is also the only batsman to breach the 300-run mark in all 11 seasons.
About Indian Premier League
♦ Number of teams: 8
♦ Founder: Lalit Modi
♦ Founded: 2008

Former world number 6 badminton player Joachim Persson banned over match-fixing
On 21^st March 2019, 35 years old Badminton player Joachim Persson of Denmark was banned for 18 months by the Badminton World Federation for violating four code of conduct related to betting and match-fixing. He was ordered to pay $4,500.
About by the Badminton World Federation 
♦ President: Poul-Erik Høyer Larsen
♦ Headquarters: Kuala Lumpur, Malaysia
♦ Formation: 1934
About Denmark
♦ Capital:Copenhagen
♦ Currency:Danish krone
♦ Prime minister: Lars Lokke Rasmussen

BOOKS & AUTHORS

Book titled “Every Vote Counts” by Navin Chawla launched by Hamid Ansari in New Delhi
On 23^rd March 2019, former Chief Election Commissioner of India Navin Chawla’s book ‘Every Vote Counts’ was launched by former Vice President of India, Hamid Ansari in New Delhi.

i. This book is about how the electoral machinery works in India.
ii. The book has been published by HarperCollins India.

IMPORTANT DAYS

March 24 observed as World Tuberculosis Day
On 24^th March 2019, World Tuberculosis Day was observed to raise public awareness about the devastating health, social and economic consequences of tuberculosis.World Health Organization (WHO) and the Global Fund and Stop TB launched a joint initiative ‘Find. Treat. All. #End TB’ on the World TB day.

Key Points
i. The theme for World Tuberculosis Day 2019 was  ‘Its time’ which drew the attention of the global leaders towards the immediate need to end the global epidemic tuberculosis.
ii. India achieves 84% fall in TB deaths among HIV affected patients by 2017. The global efforts to combat TB was successful by saving around 54 million lives since 2000. It reduced the mortality rate by 42%.
iii. Centre and State Government working together to make India TB-free by 2025,which is a five year ahead of the global target.
About World Health Organization
♦ Headquarter: Geneva, Switzerland
♦  Head: Tedros Adhanom

International Day for Achievers (IDA) observed on 24^th March
International Day for Achievers (IDA) observed on 24^th March every year to honor the achievers who have shown determination and confidence on their journey.
i.In this regard, achievers from different fields are honored for motivating people to achieve their goals.

International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims observed on 24^th March
International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims observed on 24^th March every year to Honor the memory of victims of gross and systematic human rights violations and to promote the importance of justice.
Key Points:
i.The day was recognized by United Nations General Assembly on 21 December 2010.

STATE NEWS

Justice PK Mishra appointment as Acting Chief Justice of Chhattisgarh HC and and AK Tripathi appointment as Member of Lokpal
On 23^rd March 2019, Chief Justice of Chhattisgarh High Court A K Tripathi resigned from the post after he got appointment as the Member of the Lokpal while P K Mishra appointed as acting Chief Justice of Chhattisgarh.

Key Points
i. The duties of the Chief Justice is transferred on the resignation of Ajay Kumar Tripathi to the next senior most judge of the High Court, Justice Prasanth Kumar Mishra.
ii. Justice PC Ghose appointed as the first Chairperson of the Lokpal and now Justice AK Tripathi become part of the first ever Lokpal Committee.
iii. Mishra enrolled as an advocate in 1987 and become a senior counsel in 2005. He became Advocate General in 2007 and also served as an Additional Advocate General of Chhattisgarh between 2004 and 2007. Mishra became High Court Judge in 2009.
About Chhattisgarh
♦ Capital: Raipur
♦ CM: Bhupesh Baghel
♦ Governor: Anandiben Patel