Sunday, March 17, 2019

RBI Troubles suggestions to prevent market abuse.. Current affairs of 16th March 2019

1.RBI Troubles suggestions to prevent market abuse

The Reserve Bank of India (RBI) on March 15, 2019 issued the Reserve Bank of India (Prevention of Market Abuse) Guidelines, 2019, the tips to save you misuse of charge-sensitive information for financial instruments by way of individuals in markets.

These guidelines exclude transactions finished thru the recognised inventory exchanges and do now not observe to banks and the important government.

The guidelines became effective from March 15 itself. Here are the guidelines:

Market Manipulation:Marketplace individuals shall not have interaction in marketplace manipulation and shall now not adopt transactions on an  Electronic Trading Platform (ETP) that may delay its functioning.
Benchmark Manipulation: .Market members shall no longer adopt any motion to manipulate or impact the calculation of a benchmark charge or a reference price
Misuse of information: A Marketplace player that holds the price-sensitive information shall not use it for any material gain and can't use it for transacting on their very own account. He or she shall not even create or transmit fake statistics that influences the charge of any monetary instrument.
Reporting to bank: The market individuals shall immediately document the market abuse detected by means of them to the bank.
Regulatory action for market abuse: Market contributors committing market abuse may be denied get admission to to markets for a period that may not exceed one month at a time.

2.New Zealand Mosque Attacks: At least 49 people killed so far

on 15th March 2019 In the worst attack within the Pacific countrys records, at the least forty nine humans were killed and over 20 injured in shootings at mosques in Christchurch, New Zealand
The mosques attacked have been - Al Noor Mosque in principal Christchurch and some other one become Linwood Islamic Centre in suburban Linwood.
Numerous weapons have been recovered from each mosques. Two explosive devices had been located on two motors on the places, of which, one become disabled

3.ISRO and IIT Roorkee signed an MoU to set up ISRO-IITR STC

Indian Institute of Technology (IIT) Roorkee signed a Memorandum of Understanding (MoU) with the Indian Space Research Organization (ISRO) of the branch of area, authorities of India, Bengaluru to set up an ISRO-IITR Space Technology Cell (STC) at IIT Roorkee, Uttarakhand, with an purpose to reinforce institutional interactions and thereby decorate the scope of the activities pursued underneath STC commensurate with the programmatic goals of ISRO.
i. The STC will ensure to maximise using research capability, infrastructure, knowledge and revel in that exist in ISRO and IIT Roorkee.
ii. The research facility will consist of school members, travelling scientists, specialists, studies personnel, technical, administrative and help team of workers.
iii. ISRO has been undertaking several scholar outreach programmes over the past few months with a view to increase clinical mood among the us of a’s youth.

About ISRO

  •  Chairman – K. Sivan
  •  Headquarters – Bengaluru

4.Coordinated operation carried out by India and Myanmar against insurgents posing threat to Kaladan project. 

A coordinated operation become carried out by way of the armies of India and Myanmar from seventeenth February to second March 2019 towards insurgents in Myanmarese territory to preclude a possible chance to the Kaladan multi-modal transit delivery task.
i. The objective of the operation was to crack down on the participants of the Arakan navy, an insurgent organization in Myanmar, the members of which had also moved close to the international border along Mizoram.
ii. Setting up of camps by way of the insurgent businesses changed into being viewed as a grave subject by using armies of the two international locations and the operation become additionally undertaken maintaining in view the protection of Indian workers engaged in the challenge.
iii. After a series of conferences among personnel from each the nations, it changed into decided to perform the coordinated operation.
iv.Additional troops were moved to the international border areas, besides deploying the Assam Rifles personnel. The Assam Rifles has the responsibility to guard the international border with Myanmar.
v. The Kaladan multi-modal transit transport project is being viewed as India’s gateway to the Southeast Asia. India entered into a framework agreement with Myanmar in April 2008 to facilitate implementation of the project. On completion, the project will help connect Mizoram with the Sittwe Port in Rakhine State of Myanmar.

Important terms

About Myanmar (Burma)
  •  Capital – Naypyidaw
  • Currency – Burmese kyat
  •  President – Win Myint
About Mizoram
  •  Capital – Aizawl
  •  Chief Minister – Zoramthanga
  • Governor – Jagdish Mukhi

5.Brazil hosted first BRICS Meeting
On 15th March 2019, the first BRICS (Brazil, Russia, India, China and South Africa) Sherpa meeting held in Curitiba, Brazil  Under the Presidency of Brazil. Indian delegation changed into led by way of Secretary in the Ministry of outside Affairs T S Tirumurti.

i. India during the assembly conveyed its help for the priority regions commenced by means of the Brazil which in particular take forward counter terrorism as a growing problem.
ii. Brazil will give priority to science, technology and innovation, New Development Bank, digital economy and BRICS Business Council. It will also give priority to countering transnational crime and terrorism.
iii. The want to take forward humans to people cooperation in addition to cooperation in technological know-how and era, innovation, fitness and traditional drugs.
iv. BRICS is a group of five emerging countries: Brazil, Russia, India, China and South Africa. Earlier it was known as BRIC before South Africa joined the group.

About BRICS

  •  Headquarters – Shanghai, China
  • President – K V Kamath

6.India captained resolutions on single-use plastics and sustainable nitrogen management at UN Environment Assembly

*On 16th March 2019, the 4th session of United Nations Environment Assembly (UNEA) held in Nairobi, Kenya Where the India piloted resolutions on single-use plastics and sustainable nitrogen control. The subject of the 4th session of UNEA was Innovative solutions for environmental challenges and sustainable production and consumption.
Highlights
i. India hosted the excessive – stage section of UNEA that's a session on ‘Global Partnerships: Global Partnerships
ii. India hosted the excessive – stage section of UNEA that's a session on ‘Global Partnerships: Global Partnerships
iii.The provision of enough weather finance performs a key function in overcoming environmental demanding situations. The evolved countries generally offer fund for climate motion.

About United Nations Environment Assembly (UNEA)

  •  Headquarters – Nairobi, Kenya
  •  Head – Joyce Msuya

7. YONO Cash Cardless ATM withdraw Launched By SBI

*The State Bank of India has launched a new service called ‘YONO Cash’ for its customers using which customers can withdraw money from ATMs without using debit cards.
i. . This facility is available over 16,500 of its ATMs through the You Only Need One (YONO), mobile app platform for the first time in the country. The ATMs enabled for this service will be called as YONO Cash Point.
ii. Customers can initiate the cash withdrawal process on the YONO app and set a six-digit YONO Cash pin for the transaction. Also, they will get a six digit reference number for the transaction on their registered mobile number via SMS, which has to be used within 30 minutes at the nearest YONO cash point.
iii. Transactions using YONO will be secured with two-factor authentication and will also eliminate the risk of skimming and cloning, at the same time it also maximizes convenience and enhances the banking experience for its customers.

8.‘Sangam’ to boost India’s Swachh Bharat Mission launched by Microsoft 

*On eighth March 2019, Microsoft has announced that it has partnered with The Ministry of Housing and Urban Affairs (MoHUA) to promote its task ‘Sangam’ which is developed to accelerate Swachh Bharat Mission (SBM) in India. It's miles one of the world’s largest Cleanliness Programme.
i.The Microsoft’s Project Sangam is a cloud-hosted, mobile-first community learning platform. It trained over 110000 municipal functionaries across over 4000 cities on Swachh Bharat e-Learning Portal.
ii. The aim of Swachh Bharat Mission is to clean up the streets, roads and infrastructure of India’s urban and rural areas.

9.Manmohan Singh presented the BusinessLine Changemaker Of The Year award to Arun Jaitley for introducing Goods and Services Tax (GST)

*On March 15, 2019, the former Prime Minister, Manmohan Singh presented the BusinessLine Changemaker Of The Year award to Union Finance Minister Arun Jaitley, for successfully introducing the Goods and Services Tax (GST)
*The awards were given in five categories:
  1. Social Transformation,
  2. Digital Transformation,
  3. Young Changemaker,
  4. Iconic Changemaker,
  5. Changemaker of the Year.

10.Tata, Reliance and Airtel ranked as top 3 Indian brands of 2019

A latest document by way of brand consultancy Interbrand, a division of Omnicom organization, Tata, Reliance and Airtel are the top 3 Indian brands of 2019, with Tata conserving the top role as its emblem fee grew by using 6%, particularly due to TCS
i.Reliance took the second one position as its logo fee grew by 12%, specifically due to the fulfillment of Jio.
ii. Following Airtel at quantity three, HDFC Bank, LIC, state bank of India, Infosys, Mahindra, ICICI bank and Godrej rounded off the top 10 listing.

11.Anurag Bhushan appointed the next High Commissioner of India to the Republic of Malawi

Anurag Bhushan (Indian Foreign Service: 1995 cadre), presently Joint Secretary in the Ministry of External Affairs, has been appointed as the next High Commissioner of India to the Republic of Malawi.

About Malawi

  •  Capital – Lilongwe
  •  Currency – Kwacha
  •  President – Peter Mutharika

12.Scientists at UT developed solar-powered device that creates water from thin air

Researchers led by Guihua Yu from the University of Texas (UT) at Austin, USA Have advanced a unique sun-powered harvesting device that absorbs moisture from the air and converts it into clean, usable water. The era is defined inside the journal advanced substances and may be used in disaster situations, water crises or poverty-afflicted regions and growing countries.
i. Access to clean water remains one of the biggest challenges facing humankind and this breakthrough innovation may offer a new solution through solar-powered technology that absorbs moisture from the air and returns it as clean, usable water.


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