Current Affairs March 6 2020

We are here for you to provide the important Recent and Latest Current Affairs 6 March 2020, which have unique updates of Latest Current Affairs 2020 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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NATIONAL AFFAIRS

MCA introduced LLP settlement Scheme, 2020 to allow one-time condonation of delayed filing of required documents with ROCOn March 4, 2020, the Ministry of Corporate Affairs (MCA) has introduced a scheme namely “LLP Settlement Scheme, 2020” for limited liability partnership (LLPs) by allowing a one-time condonation of delay in filing statutorily required documents with the Registrar of Office (ROC). Simply, the scheme is providing a three-month window from 16th March, 2020 to 13th June, 2020 to LLPs for completing delayed filings of four forms which were due for filing till 31st October, 2019. Also, the additional fee on these forms is reduced to Rs. 10 from Rs. 100 per day of delay with upper cap of Rs. 5,000 per form….Click here to Read More

SC allows trade in cryptocurrency by rejecting RBI 2018 circularOn March 4, 2020, Supreme Court (SC) has lifted ban on trading in virtual currency, cryptocurrency and bitcoins by cancelling the Reserve Bank of India (RBI) 2018 circular that barred banks from serving companies dealing in cryptocurrency exchanges. The decision in this regard has been taken by the three-judge Bench headed by Justice Rohinton Fali Nariman and 2 other members are Justice Shripathi Ravindra Bhat, and Justice V Ramasubramanian.

• The plea was filed by Internet and Mobile Association of India (IAMAI) challenging RBI’s 2018 circular because the members of IAMAI also include cryptocurrency exchanges….Click here to Read More

Overview of Cabinet approvals on March 4, 2020On March 4, 2020, Union Cabinet headed by Prime Minister (PM) Narendra Damodardas Modi has approved the following proposals:
Cabinet approves amended FDI policy on Civil Aviation
The Union Cabinet has approved an amended Foreign Direct Investment (FDI) policy on civil aviation which permits non-resident Indian (NRI) nationals to own 100% stakes of Air India.
Cabinet approves Mega Consolidation of ten PSBs into four w.e.f. 1.4.2020

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Cabinet approves Companies (Second Amendment) Bill, 2019
The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. With this approval 72 amendments will be made to the Companies Act….Click here to Read More

Cabinet clears MoU between India and Côte d’lvoire on cooperation in the health sectorOn March 4, 2020, The Cabinet Committee on Economic Affairs (CCEA) Chaired by the Prime Minister (PM) Shri Narendra Modi has approved a Memorandum of Understanding (MoU) between Ministry of Health and Family Welfare of the Republic of India and the Ministry of Health and Public Hygiene of the Republic of Cote d’lvoire on Cooperation in the field of Health.
i.This cooperation agreement includes exchanges and training of physicians, officers, other health professionals and specialists in the fields of advanced medical technology, nuclear medicine, kidney transplantation, cardiac surgery, nephrology, hemodialysis, and medical research….Click here to Read More

5th edition of India Pharma & India Medical Device 2020 Conference held at Gandhinagar, GujaratOn March 5, 2020 The 5^th edition of India Pharma 2020 and India Medical Device 2020 Conference & Exhibition will be held at Gandhinagar, Gujarat from March 5 to 7, 2020 and the 3 day conference was inaugurated by Shri Sadananda Gowda, Chemicals and Fertilizers (C&F) Minister & Shri Mansukh Mandviya, Minister of State (MoS of C&F) addressed the conference. The conference was organized by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers  in association with Federation of Indian Chambers of Commerce & Industry (FICCI)….Click here to Read More

MHA approved automated facial recognition system (AFRS) for identification of bodies, missing children, criminalsOn March 4, 2020, the Ministry of Home Affairs (MHA) has approved the world’s largest automated facial recognition system (AFRS) by the National Crime Records Bureau (NCRB) for better identification of unrecognized bodies, missing children, persons and criminals without violating the privacy. To provide this information, AFRS will use police records and it can be accessed only by law enforcement agencies. The system compares the selected facial features of the image from an already existing image database….Click here to Read More

70% reduction in insurgency incidents, 80% drop in civilian deaths & 78% decline in security forces casualties in 2019 as compared to 2013: Shri G Kishan Reddy
On March 4, 2020, According to the Union Minister of State for Home Affairs, Shri G Kishan Reddy there has been 70% decline in insurgency incidents, 80% drop in civilian deaths and 78% reduction in security forces casualties in the year 2019 in North East (NE) as compared to 2013.
Key Points:
i.A total of 1,824 surrenders by insurgents in the years between 2014 and 2019.
ii.After an agreement signed by the centre with National Liberation Front of Tripura (Sabir Debbarma) [NLFT-SD],the group surrendered its 88 cadres in August, 2019.
iii.Then, on 23 January, 2020 , a total of 644 cadres of different outfits surrendered and 1,615 cadres of different factions of National Democratic Front of Bodoland [NDFB] surrendered on 30 January, 2020 after signed a pact with different Bodo groups.
About Ministry of Home Affairs(MHA):
Headquarters– New Delhi.
Union minister– Shri Amit Shah.

Govt aims to replace all level crossings on NH with Over/under Bridges under the Setu Bharatam schemeOn March 4, 2020,The central Government has aimed to replace all the level crossings on National Highways (NH) by Road Over Bridges / Road Under Bridges under the Setu Bharatam scheme, which is being implemented by the Ministry of Road Transport and Highways with an aim to ensure safe and smooth flow of traffic and decrease road fatalities by 50 % by 2020.
Setu Bharatam scheme: It was launched by Prime Minister (PM) Narendra Modi on March 4, 2016 to make all national highways free of railway crossings in order to prevent the frequent accidents and loss of lives at level crossings….Click here to Read More

India & US signed Rs 1200 crore deal for missile protection suites for new Boeing-777 VVIP planes
On March 5, 2020 India signed Rs.1,200 crore deal with the United States to procure the missile protection suites for two new Boeing-777 VVIP(Very Very Important Person) planes during 2 day visit of US President Donald Trump to India.The missile protection suites will be code named as ‘Air Force One’ and it will be expected to arrive India in middle of 2021 to begin VVIP planes.
Key Points:-
i.Boeing-777 VVIP planes acquired for the purpose of President and Prime Minister’s Domestic and International visits.
ii.The features of self-protection suites includes infrared and electronic warfare countermeasures suites, countermeasure dispensing systems, and missile warning sensors.
iii.The aircraft will be operated by Indian Air Force pilots trained by Air India, which already maintained four Boeing 777 planes earlier.
iv.India and the United States also signed contracts for the Navy’s 24 MH60 Romeo Multirole helicopters and six new Apache attack choppers for the military.

INTERNATIONAL AFFAIRS

European commission launches global coalition for biodiversity to raise public awarenessIn view of the crucial UN (United Nations) summit on biodiversity (also known as Convention on Biological Diversity-COP15) to be held in Kunming, China in  October 2020) and on the occasion of the World Wildlife Day on March 3, 2020, the European Commission has launched a new global coalition for biodiversity called ‘United for Biodiversity’ in Monaco.
i.The coalition consists of national parks, aquariums, botanical gardens, zoos, science and natural history museums from around the world to boost public awareness about the nature crisis….Click here to Read More

QS World University Ranking 2020 by subject: US’s MIT topped, IIT Bombay & IIT Delhi ranked 44^th & 47^th in Engineering & Technology category
On March 5, 2020,According to the  Quacquarelli Symonds (QS) World University Rankings 2020 by Subject, Indian Institute of Technology (IIT), Bombay and IIT Delhi have made it to the top 50 institutes in the world for the category of  engineering and technology and ranked 44^th and 47^th respectively with a score of 81.9 and 81.4.
While, Massachusetts Institute of Technology (MIT) in Cambridge,US (Unites States) ranked at top position in the list of this category with a score of 98.1….Click here to Read More

BANKING & FINANCE

ICICI Prudential AMC inks pact with Saraswat co-op bank to tap rural market
On March 04, 2020, ICICI Prudential AMC (Asset Management Company), one of the leading mutual fund investment companies in India, has entered into the partnership with Saraswat Co-operative Bank,an urban co-operative banking institution, to distribute its products with the latter’s customers base spread across its 280 branches in 6 states..
Key Points:
i.This partnership will help ICICI Prudential to increase its outreach, especially in smaller villages and cities and also boost the bank’s over 100-year presence in the country.
ii.It will also help bank’s customers to get the latest products and services like investment options in mutual fund schemes of ICICI Prudential Mutual Fund.
About Saraswat Co-operative Bank:
Headquarters– Mumbai,Maharashtra
Chairman– Gautam Thakur
About ICICI Prudential AMC:
Headquarters– Mumbai,Maharashtra
Managing Director and CEO– Nimesh Shah

AWARDS & RECOGNITIONS       

President of India honoured 15 Artists with 61st Annual Lalit Kala Akademi Awards 2020 in New DelhiOn March 4, 2020 President of India, Shri Ram Nath Kovind conferred the 61st annual Lalit Kala Akademi awards 2020 to 15 excellent artists at a function held at Rashtrapati Bhavan, New Delhi.
Key Points:
i.Cash Prize: The awardees were honoured with a shawl, plaque and a cash prize worth Rs 1 lakh.
ii.Shri Prahlad Singh Patel, Union Minister of State for Culture & Tourism and the Akademi Chairman Dr. Uttam Pacharne was present on the occasion….Click here to Read More

 APPOINTMENTS & RESIGNATIONS        

Slovenia confirms anti-immigrant party leader Janez Jansa as new Prime MinisterOn 4^th March 2020, Slovenia’s lawmakers have approved the Leader of Slovenian Democratic Party (SDS), Janez Jansa as Slovenia’s new Prime Minister. He will replace center-left Prime Minister Marjan Sarec, who resigned from his post in January 2020.

•  Janez Jansa (61), led the Slovenian government from 2004 to 2008 and from 2012 to 2013. He has a close ally of Poland’s Jaroslaw Kaczynski and Hungary’s Viktor Orban.

About Slovenia:
President– Borut Pahor
Capital– Ljubljana
Currency- Euro

RBI Deputy Governor N.S. Vishwanathan resigned ahead of retirementOn March 5,2020, N.S Vishwanathan, one of the Reserve Bank of India’s deputy governors, who is due to retire on July 3,2020, has announced his resignation due to health problems.
Key Points:
i.He was first appointed as the Reserve Bank’s deputy governor for a three-year term in 2016, following which he was reappointed one year.
ii.He completed the Master of Economics from Bangalore University, joined RBI in 1981 and his areas of expertise include regulation and supervision of banks, currency management, foreign exchange,non-banking finance companies and cooperative banks and human resources management.
About RBI (Reserve Bank of India):
Headquarters- Mumbai, Maharashtra.
Governor- Shaktikanta Das.

Tribal affairs ministry constitutes committee under NC Saxena on CFR guidelines under FRA
The Union Ministry of Tribal Affairs (MoTA) has consituted a committee headed by Naresh Chandra Saxena, former member of the Planning Commission of India and of the National Advisory Council (NAC), to examine and recommend Community Forest Resources (CFR) Guidelines under the Forest Rights Act, 2006 (FRA).

• In 2016, CFR guidelines were prepared by MoTA, in consultation with the Union Ministry of Environment, Forest and Climate Change (MoEF&CC). However, the guidelines faced criticism from various tribal organisations for being too technical.
• Apart from this committee, MoTA also created 2 committee headed by its former secretary Hrusikesh Panda.
• One committees will look into the recognition and vesting process of habitat rights of Particularly Vulnerable Tribal Groups (PVTGs) and the second will submit a report on the seasonal resource access to nomadic and pastoralist communities.

  SPORTS

Badminton Asia Championships 2020 shifted to Manila from Wuhan
On 4th March 2020, Badminton Asia confirmed that Badminton world federation (BWF) has shifted the Badminton Asia Championships 2020 to Manila, Philippines from Wuhan, China. It will be conducted in Manila from April 21 to 26, 2020.

• The Badminton Asia Championship 2020 event is shifted due to the Novel Coronavirus (COVID-19) outbreak and this championship falls within the Tokyo 2020 Olympic Games Qualification window.
• The Philippine Badminton Association (PBA) successfully hosted the Asia Team Championships from Feb 11-16 2020, in Manila.

About Philippines:
President- Rodrigo Duterte
Currency– Philippine Peso
About Badminton world federation(BWF):
Established- London (1934)

Mumbai to host 2023 International Olympic Committee (IOC) session 
On March 5, 2020 Mumbai will host the International Olympic Committee (IOC) session 2023 as recommended by IOC Executive Board and the decision will be approved at the 136th IOC session in Tokyo in July 2020. The IOC session was held in 1983 in New Delhi and the session is going to be held in India after 40 years.
Key Points:
i.The Evaluation Commission had visited Mumbai in October 2019 to study the feasibility of hosting the session & the board selected Mumbai due to the quality of the facilities at the Jio World Centre, Mumbai, Maharashtra.
ii.The year 2023 will be significant for India as it coincides with the 75^th anniversary of Indian Independence.
iii.The event will encourage and support the National Olympic Committee of India and all the National Federations to promote & strengthen Olympics sports in the country.
About IOC (International Olympic Committee):
Headquarters- Lausanne, Switzerland.
President- Thomas Bach.

OBITUARY

Former UN chief & PM of Peru, Javier Perez de Cuellar Passed away at 100
On March 4th 2020, former UN Chief & PM of Peru, Javier Perez de Cuellar passed away in his native Peru due to natural causes at the age of 100.
About Javier Perez de Cuellar:

• Javier Perez de Cuellar was born on 19th January 1920 in Lima Peru. 
• He was the president of the UN Security Council from 1973 to 1974 and Perez de Cuellar served as UN fifth secretary general from 1981 to 1991. He was often described as a “pacifist by vocation and nature.”
• He served as the Prime Minister(PM) of Peru from November 22, 2000 – July 28, 2001.

Awards received by Javier Perez de Cuellar:

• 1987 – Prince of Asturias Prize for the promotion of Ibero-American cooperation.
• 1989 –  Olof Palme Prize for International Understanding and Common Security by the Olof Palme Memorial Fund and also Jawaharlal Nehru Award for International Understanding.

IMPORTANT DAYS

Janaushadhi Week 2020 being celebrated in India from March 1 to 7
Janaushadhi week is being celebrated throughout the country from 1st March to 7th March 2020. The main aim of the week is to provide various activities like health checkup Camp, free doctor consultation, free medicine distribution is hosted by Jan Aushadhi Kendras.
Key Points:

• On the fourth day of the event for empowering women, the event was focused on the theme ‘Suvidha Se Sammaan’.
• The “Pradhan Mantri Bhartiya Janaushadhi Pariyojana” initiated by the Department of Pharmaceuticals, Government Of India to provide quality medicines at an affordable price.
• Under this scheme free distribution of Suvidha Sanitary Napkins were hosted in many places. Around 50,000 Suvidha Sanitary Napkin packets have been distributed free of cost during the week.

STATE NEWS

Chhattisgarh CM Bhupesh Baghel presents a Rs 95,650-crore budget for fiscal 2020-21On March 4, 2020, Chhattisgarh Chief Minister (CM)  Bhupesh Baghel has presented a budget of  Rs 95,650-crore in the state assembly for 2020-21.
As per the revised estimate of 2019-20, the subsidy burden of the state is Rs 10,836 crore, which is about 11 % of the total expenditure.It is also estimated to be around Rs 7,660 crore in 2019-20.

• Three new indoor stadiums will be set up in the state. With this, 11 new auditoriums will be built….Click here to Read More

Gairsain will be the summer capital of Uttarakhand
On March 5, 2020 Chief Minister (CM) of Uttarakhand Trivendra Singh Rawat announced ‘Gairsain’ as the summer capital of the state, on the 3rd day of the budget session held in Gairsain, Uttarakhand.
Key Points:
i.The announcement fulfils the long-standing demand of hill people and the people who sacrificed themselves for the formation of Uttarakhand state.
ii.Those who spearheaded the movement for statehood to Uttarakhand in 1990 wanted Gaisain in Chamoli district to be made as permanent capital.
About Uttarakhand:
Capital- Gairsain (summer capital), Dehradun (winter capital).
Governor- Baby Rani Maurya.
National Parks- Corbett NP, Gangotri NP, Govind Pashu Vihar NP, Nanda Devi NP, Rajaji NP, Valley of Flowers NP.

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