Guided Pinaka successfully test fired by DRDO at Pokhran Ranges... All current Affairs of 12 March 2019

1.ABLF gave momentum to India-UAE ties

The Asian enterprise leadership forum (ABLF), a international leadership platform in partnership with the United Arab Emirates (UAE)‘s Federal authorities has determined to offer in addition momentum to India-UAE ties.
I. 2019 has been declared as UAE’s year of Tolerance with the aid of the UAE authorities to underline the commitment to make compassion, inclusion and popularity part of regular lifestyles.
Ii. ABLF has released a special version magazine that spotlights India and the worldwide have an effect on of contemporary Indian business leadership in Asia, as a part of the endeavour to deliver India and UAE nearer.
iii. The mag broadcasts the ABLF subject, ‘Inclusive leadership in an Interconnected world: riding development and Sustainability through Tolerance’.
iv. The ABLF Awards 2019 is scheduled for 2d October 2019 as it marks the delivery anniversary of India’s Mahatma Gandhi, an icon of peace, compassion and tolerance and it'll have India as visitor nation.
v.The ABLF will move on a prelude roadshow in India in affiliation with Confederation of Indian enterprise (CII) to announce the week-long tasks to have fun the India-UAE connect at the ABLF Awards ceremony

2.India and Saudi Arabia plan to revive the USD 44 bn West Coast refinery project in Maharashtra

In a meeting among Petroleum Minister Dharmendra Pradhan and his Saudi counterpart and the chairman of Saudi Aramco,Khalid A Al-Falih, in New Delhi, it became decided that India and Saudi Arabia will revive and expedite the implementation of USD forty four billion West Coast refinery assignment in Maharashtra, wherein Saudi Aramco could be preserving a sizable stake.
i. The ministers reviewed diverse Saudi investment proposals in the Indian oil and gas region, such as the pressing steps to be taken to expedite the implementation of the first joint task West Coast Refinery and Petrochemical project in Maharashtra, predicted to cost the USD forty four billion, on the way to be the largest greenfield refinery inside the global.
ii. Saudi Aramco and Abu Dhabi national Oil employer (Adnoc) had shaped a joint challenge with Indian state-run oil advertising and marketing corporations — Indian Oil enterprise (IOC), Bharat Petroleum employer (BPCL) and Hindustan Petroleum agency (HPCL) — to hold 50% stake in Ratnagiri Refinery and Petrochemicals (RRPCL).
iii. The progress of the assignment had confronted issues after 42,000 notices for land survey and acquisition had been served to households in 17 villages of Ratnagiri district and had been put on hold via the nation authorities.
iv. It is still now not clean whether or not the authorities may be looking for trade region, outside Ratnagiri for the assignment

3.PM Modi and Sheik Hasina unveiled e-plaques for development projects in Bangladesh

Prime  Minister Narendra Modi and in conjunction with the Bangladesh high Minister Sheikh Hasina, unveiled e-plaques for development projects in Bangladesh, through video conferencing.
i. The e-plaques are for the following projects:
  • Supply of buses and trucks
  • Inauguration of 36 community clinics
  • 11 water treatment plants
  • Extension of National Knowledge Network to Bangladesh
ii. The countrywide knowledge community will connect students and studies institutes in Bangladesh to India and the world.
iii. The buses and vans will help the efforts closer to lower priced public transportation and the water remedy plant life will assist supply clean water.
iv. The network clinics will benefit approximately 2 lakh humans in Bangladesh.

4.Rise in Banks’ reliance on bulk deposits predicted by India Ratings and Research

India Ratings and Research (Ind-Ra) predicted that the dependence of Scheduled commercial banks on bulk deposits shall witness an increase if credit growth is higher than deposit growth.
Key points:
i. The device level credit increase of 12.9% yr-on-12 months remains greater than nine.Three% deposit increase and thus banks are keen on harnessing greater deposits.
ii. Those figures are sourced from RBI’s quarterly statistics on deposits and credit of scheduled business banks for December 2018.
iii. State-owned banks have witnessed a credit growth of eight.Four % and deposit growth at four.Nine% in comparison to the previous yr.
iv. Within the duration between April 2018 to February 2019, deposits raised by banks had been more with the aid of 24.6% in evaluation to previous year and the tremendous quantity extra by using merely three.6% at Rs 1.Seventy eight lakh crore.
v. Personal banks witnessed an growth of 235 bps to 26.2 per cent and 234 bps to 31.4 according to cent in market proportion in deposits and credit, respectively, inside the final 365 days even as PSBs noticed a 274 bps decline to 65.7 consistent with cent in deposits and a 253 bps decline in credit score to 60.9 according to cent.

5.Saudi Arabia became the world’s largest importer of weapons, the position held by India for a decade: SIPRI

India misplaced its position as the world’s biggest importer of guns, which it held for over a decade, with Saudi Arabia topping the global percentage of arms imports among 2014 and 2018, as per the records published by way of the Stockholm international Peace studies Institute (Sipri), the leading Stockholm-based totally assume tank that measures weapons imports over 5-yr durations.
I. Saudi Arabia topped the worldwide percentage of palms imports between 2014 and 2018, and accounted for 12% of the worldwide proportion of fingers imports in that duration, followed by means of India in second place with a 9.5% share.
ii. With imports pegged at 4.2% of the global share, China is the sector’s 6th-biggest buyer of guns.
iii. Indian palms imports fell 24% among 2009-13 and 2014-18 due to delays in deliveries of fighter jets and submarines produced below licence from Russian and French authentic device manufacturers.
iv. India’s pinnacle arms dealer, Russia, accounted for 58% of India’s fingers imports during the last 5 years, as compared to seventy six% in the preceding 5-yr duration.
v. US, Israel and France increased their fingers exports to India in 2014-18.

6.Guided Pinaka successfully test fired by DRDO at Pokhran Ranges

Defence Research and Defence Organisation (DRDO) successfully test fired the Guided Pinaka weapons system from Pokhran ranges in Rajasthan.
i. The two rockets, which have been tested the use of the guided Pinaka system, succeeded in hitting the 90-km mark signalling a lift inside the efficiency, as the rockets had touched the 70-km mark in their remaining trials, held in may also, 2018.
ii. The weapon gadget is prepared with state-of-the-art guidance package comprising of a complicated navigation and control system.
iii. The Telemetry structures tracked and monitored the automobile during the flight route.
iv. The indigenously developed Guided Pinaka by using DRDO will appreciably improve the capability of the artillery to make precision hits.

7.IAAF decided to uphold Russia ban over doping until further notice

The International Affiliation of Athletics Federations (IAAF) had banned Russia in November 2015 because of evidence of kingdom-backed doping and feature decided to keep it until samples and facts from Moscow’s former anti-doping laboratory are made to be had.
i. It's far the 10th time the IAAF has became down Russia’s attraction for reinstatement, having asked the equal assurances while it upheld the ban in December 2018.
ii. Other wearing bodies which includes the World Anti-Doping Agency (Wada) and the International Olympic Committee (IOC), have revoked their suspensions of Russia.

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