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April 28, 2015

CURRENT AFFAIRS MARCH2015


SPORTS & GAMES
Karnataka Won Ranji Trophy 2015
Karnataka on 12 March won their eighth Ranji Trophy title of cricket. In the title clash played at the Wankhede stadium in Mumbai, Karnataka defeated Tamil Nadu by an innings and 217 runs. Karnataka defeated Tamil Nadu by an innings and 217 runs in the final day of match played at the Wankhede stadium in Mumbai.The man of the match was Karnataka’s Karun Nair who had scored 338 runs.
India Open Super Series Badminton 2015 Winners
Women’s Singles :- India’s ace shuttler Saina Nehwal on 29 March won India Open Super Series Badminton Women’s Singles 2015 Title. She defeated Thailand’s Ratchanok Intanon in the final match played at Siri Fort Indoor Complex in New Delhi.
Men’s Single’s :- India’s Srikanth Kidambi has won India Open Super Series Badminton Men’s Singles 2015 Title. In the final match he defeated Denmark’s Viktor Axelsen.
Australia Won ICC Cricket World Cup For 5th time
Australia on 29 March 2015 won the ICC Cricket World Cup 2015 for the record fifth time. In the final match Australia defeated co-hosts of the tournament, New Zealand by 7 wickets played at the iconic Melbourne Cricket Ground (MCG), Australia. Australia fast bowler Mitchell Starc was named the Player of the Tournament who finished with a figure of 22 wickets in the tournament. He was tied with New Zealand left-arm seamer Trent Boult for taking highest wickets in the tournament. Australian all-rounder James Faulkner was adjudged man of the match, while the man of the series award went to Mitchell Starc. He finished the tournament with 22 wickets.
Saina Nehwal Becomes First Indian Woman To Attain World No.1 Ranking
Ace shuttler Saina Nehwal on 28 March created history by becoming first Indian woman to be ranked number one in the world in Badminton World Federation (BWF) rankings in Women’s Singles category. She achieved this rare feat after Spain’s Carolina Marin’s lost her semi-final match to Thailand’s Ratchanok Intanon in the Indian Open Super Series. Saina has overtaken China’s Li Xuerui to become the highest ranked player in the world. Saina Nehwal is the second Indian badminton player to achieve this feat, after legendary shuttler Prakash Padukone. He had achieved the top rank in 1980 in Men’s Single Category.

ECONOMY
RBI reduced Repo Rate By 25 Basis Points To 7.5 percent
The Reserve Bank of India (RBI) on 4 March reduced the repo rate by 25 basis points to 7.5 percent with immediate effect. This is the second time since January 2015 that RBI reduced the repo rate by 25 basis points. With this, the reverse repo rate under the LAF stands adjusted to 6.5 percent, and the marginal standing facility (MSF) rate and the Bank rate to 8.5 percent.
India’s Billionaires To Rise 104% By 2024
According to the latest Knight Frank Wealth Report, as of 2014,Wealth creation in India is likely to accelerate significantly with the number of ultra-wealthy individuals expected to double to 3,371 by 2024. India is home to 1,652 ultra high net worth individuals (UHNWIs), which is likely to swell to 3,371 by the year 2024, registering a jump of 104 per cent. The number of UHNWIs in India has increased from 622 in 2004 to 1,652 in 2014, registering a rise of 166 per cent over the past decade (2004-2014). At 0.1 UHNWI per lakh population, India ranks a distant 84 among 97 countries globally in terms of equitable distribution of wealth.
Indian Railways Signed MoU with LIC For Rs 1.5 lakh crore Investments
Indian Railways on 11 March signed an Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) to raise Rs 1.5 lakh crore for financing the development of its various commercially viable infrastructure projects. Under this MoU, LIC will make available a Financial Assistance of 150000 crore rupees to the Indian Railways for implementing Railway projects over the next five years. The Financial Assistance will be available from the Financial Year 2015-16.
India Becomes 3rd Biggest Steel Producer Over Takes US
India has become the third-largest steel producer in the world by overtaking United States (US) in first two months of year 2015. It was revealed in the Data compiled by World Steel Association (WSA) on 22 March.India’s production in first two months i.e. January- February of 2015 was 14.56 million tonnes (MT). This production growth was the highest during this two month period at 7.6% as compared to the global average of just 0.6% at 127.6 MT.China tops in steel production and accounts for nearly half of the global steel production. During this period China has produced 65 MT steel.

SCIENCE & TECHNOLOGY
SpaceX Rocket Lifts Off with World’s First All Electric Satellites
World’s first electric satellites were successfully lifted off by a Space Exploration (SpaceX) Technologies rocket from Cape Canaveral Air Force Station, United States on 1 March. The rocket was carrying two all-electric commercial satellites built by Boeing. The satellites are owned by the French satellite provider Eutelsat and Asia Broadcast Satellite (ABS).
NASA’s Dawn Spacecraft Completed Its Orbit Around Dwarf Planet Ceres
NASA’s Dawn space probe has on 6 March completed its orbit around dwarf planet Ceres which is the largest object in the Solar System between Mars and Jupiter. With the completion of orbit, Dawn probe has become first spacecraft to visit dwarf planet. Dawn has taken 7.5 years to reach the orbit of Ceres.
‘ Solar Impulse – 2′ Begins Its Journey Around the World
‘ Solar Impulse – 2′, a solar-powered airplane, started its historic 35,000-km round-the-world journey from Abu Dhabi on 9 March 2015. Solar Impulse-2 took off from Abu Dhabi on its 5-month long journey in which it will skip from continent to continent, crossing both the Pacific and Atlantic oceans in the process. Andre Borschberg and Bertrand Piccard are the two pilots of this mission.
Pakistan Successfully Tests Indigenous Drone Burraq and Barq
Pakistan on 13 March successfully tested its first indigenously built all-weather armed drone named Burraq and a laser guided missile named Barq.By successfully testing of Burraq, Pakistan became the 9th country in the World to develop an unmanned combat aerial vehicle (UCAV) domestically.
ISRO successfully Launched Fourth Navigation Satellite ‘ IRNSS 1D ‘
Indian Space Research Organization (ISRO) on 28 March 2015 successfully launched fourth navigation satellite Indian Regional Navigation Satellite System (IRNSS) 1D.  Polar Satellite Launch Vehicle (PSLV) C27 injected IRNSS 1D into the designated orbit from the first launch pad of Satish Dhawan Space Centre in Sriharikota in Andhra Pradesh. This was the 28th consecutive successful flight of PSLV.  IRNSS is a navigation system that will cover India, and also extend 1,500 kms from its boundaries.  It will provide accurate position information to users in India. Basically it will provide two kinds of services, Standard Positioning Services, which is available to all users, and an encrypted service that is provided only to authorized users.

PERSONS IN NEWS
A) APPOINTMENTS
Jagmohan Dalmiya Elected as BCCI president
agmohan Dalmiya was unanimously elected as the President of the Board of Control for Cricket in India (BCCI) at Annual General meeting held in Chennai on 2 March.Dalmiya had served BCCI as its President between 2001 and 2004. He also served as the President of International Cricket Council (ICC) between 1997 and 2000.
Venkatraman Ramakrishnan Named as President of Britain’s Royal Society
Nobel laureate Sir Venkatraman Ramakrishnan on 18 March was named as the President of Britain’s prestigious Royal Society, a communion of the many of the world’s most distinguished scientists. Ramakrishnan, who will take up the post on the 1 December 2015, will succeed geneticist Sir Paul Nurse, also a Nobel Laureate.
B)RESIGNS
Union Minister Dadarao Danve Resigns
Union Minister Minister of State (MoS) for Consumer Affairs, Food and Public Distribution Raosaheb Dadarao Danve on 5 March resigned from the office. Raosaheb Danve resigned from the Union Council of Ministers  following the Bharatiya Janta Party (BJPs) one-man, one-post principle after he was appointed President of Maharashtra in January 2015. He took over as Maharashtra BJP president after Devendra Fadnavis became the Chief Minister state who had led the party to power in  October 2014 Assembly elections.
C)DEATHS
Senior Journalist Vinod Mehta Died
Senior journalist and former editor of Outlook, Vinod Mehta died on 8 March in New Delhi. He was 73. Mehta, who had founded the Outlook Magazine and served as its Editor-in-Chief, last held the post of editorial Chairman of the publication. Vinod Mehta was born on May 31, 1942 in Rawalpindi, West-Punjab region of undivided India (now in Pakistan). He wrote the best-selling autobiography ‘Lucknow Boy’ in 2011. He has authored a biography of Meena Kumari (movie actress and poet) and Sanjay Gandhi- The Sanjay Story (2012).
D)VISITORS
Prime Minister Narendra Modi Visited Sri Lanka
Prime Minister Narendra Modi visited Sri Lanka on 13 – 14 March 2015. The visit follows President Maithripala Sirisena’s first overseas visit to India in February 2015. During his two day visit Narendra Modi met Srilankan President Maithripala Sirisena in Colombo.In the visit, India and Sri Lanka signed four agreements. Narendra Modi also announced e-visa on arrival services for Sri Lankans, a $ 318 million Line of Credit to upgrade Sri Lanka’s railways, and a promise to build Trincomalee as a petroleum hub, while seeking movement on the 500 MW Sampur power project, that has been delayed for years due to environmental concerns.
E)MISCELLANEOUS
PM Narendra Modi Among 30 Most Influential People On Internet
Prime Minister Narendra Modi has been named among the 30 most influential people on the internet by Time magazine in a list which also features US President Barack Obama. The list, which analysed social-media followings, site traffic and overall ability to drive news, also includes British author of the Harry Potter series J K Rowling and singers Taylor Swift and Beyonce. The list was released on 6 March 2015.

PLACES  IN  NEWS
World’s Largest and Tallest Indian Flag Unfurled In Faridabad
World’s largest and tallest Indian national flag was unfurled on 3 March 2015 at Town Park in Faridabad, Haryana.It was unfurled by Bhartiya Janta Party President Amit Shah.The flag has dimension of 96 feet by 64 feet and weighs 48 kilograms. Flag was hoisted at the height of 250 feet (75 meters). Thus, making it the world’s largest and the highest hoisted Indian flag in the world.

ABBREVIATIONS
NABARD —- National Bank for Agricultural and Rural Development
BCCI —  Board of Control for Cricket in India
EPFO —  Employees’ Provident Fund Organization
UNICEF — United Nations Children’s Fund
NSE —   National Stock Exchange

BOOKS IN NEWS
The Modi Effect Authored by Lance Price
Book titled “The Modi Effect: Inside Narendra Modi’s Campaign to Transform India”  written by Lance Price, former media advisor to the then British Prime Minister Tony Blair.The book was published in the month of March 2015 in India by Hachette. The book is based on the author’s interviews with the prime minister, his Cabinet colleagues like Piyush Goyal, Prakash Javadekar and Smriti Irani and his team of advisers and analysts.

COMMITTEES
Ajay Shankar Committee Constituted To Review The Existing PPP Cell In Railway Board
The Ministry of Railways appointed Ajay Shankar committee on 25 March to review the performance of the Public Private Partnership (PPP) cell functioning under the Railway Board.Ajay Shankar is a former Secretary, Department of Industrial Policy and Promotion (DIPP) under Union Ministry of Commerce and Industry.

IMPORTANT DAYS AND DATES
World Tuberculosis Day was Observed On 24 March
World Tuberculosis Day 2015 was globally observed on 24 March 2015. The theme for the year 2015 is continuation of the 2014 theme Reach the 3 Million. The main sub-theme and message for the year 2015 is Reach, Treat, Cure Everyone. The World Tuberculosis Day is annually celebrated on 24 March to commemorate the day on which Dr. Robert Koch discovered the cause of tuberculosis, the TB bacillus in 1882. The day aims to build public awareness about the global epidemic of tuberculosis (TB) and efforts to eliminate the disease.
World Water Day 2015
World Water Day 2015 was globally observed on 22 March 2015 with the theme Water and Sustainable Development. The theme for the WWD 2015 talks about how water links to all areas we need to consider creating the future we want. World Water Day is celebrated every year to make a difference for the members of the global population who suffer from water related issues. It’s a day to prepare for how we manage water in the future.

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