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5th April Current Affairs 2019 | Daily GK Updates | Current Affairs for Government Exams   

Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

  1. 7th Foreign Office Consultations Between India and Italy Held In Delhi

The 7th Foreign Office consultations between India and Italy were held in New Delhi. The Indian side was led by Secretary (West), Ministry of External Affairs, A. Gitesh Sarma.

These consultations were aimed to provide an opportunity to review the follow-up actions taken after the visit of Italian Prime Minister Giuseppe Conte in October 2018 as well as the entire range of bilateral relations.

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  1. BSNL Gets Licence For WiFi On Flights

State-owned telecom service provider Bharatiya Sanchar Nigam Limited (BSNL) has received a licence from the Department of Telecommunications to provide Internet and mobile services on flights.

BSNL and its satellite partner, Inmarsat, will be able to offer in-flight connectivity to airlines.

  1. BSE, India INX Become First Indian Exchanges To Sign MoU With Moscow Exchange

 BSE (earlier known as Bombay Stock Exchange) and India International Exchange (India INX) have signed a memorandum of understanding with Moscow Exchange (MOEX) to connect investor community and companies in both countries besides allowing a capital formation platform.

BSE and India INX are the first Indian exchanges to enter into the MoU with Moscow exchange. The exchange companies have agreed to the secondment of senior personnel to enhance understanding of activities in each other’s market.

 

  1. BIS and IIT-Delhi Inks MoU On Standardisation and Conformity Assessmen

The Bureau of Indian Standards (BIS) has inked an MoU with the Indian Institute of Technology, Delhi (IIT-D) to collaborate in the field of standardisation and conformity assessment.

According to the MoU, IIT Delhi will provide infrastructure support for research and development projects of relevance to standardisation and BIS will provide financial support to IIT Delhi for projects

  1. India Inks MoU To Set Up Agriculture, Rural Development Institute In Malawi

India has signed an MoU with the National Bank for Agriculture and Rural Development Consultancy Service (NABCONS) for setting up the India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi, a landlocked country in southeastern Africa.

Ministry of External Affairs signed with NABCONS for setting up IAIARD, an attempt to complement the efforts of the Government of India to enhance capacity in the areas of agro-financing and entrepreneurship development for African countries.

  1. CS Rajan Appointed MD of IL&FS

CS Rajan has been appointed Managing Director while Vineet Nayyar named as Executive Vice-Chairman of Infrastructure Leasing & Financial Services (IL&FS).

Rest of the new board comprises of Bijay Kumar as the deputy managing director and GC Chaturvedi, Nand Kishore, Malini Shankar, and N Srinivasan as non-executive directors

  1. Paytm Money Receives SEBI Approval To Start Stock Broking Services

The Securities and Exchange Board of India (SEBI) has given approval to Paytm Money the investment and wealth management platform of the mobile payments company to start offering broking services.

It had applied for the licence in October 2018. Paytm Money has also received membership of NSE and BSE. 

  1. Karnataka Bank Signs Pact With Bharti AXA For Insurance Products.

Karnataka Bank has entered into an MoU with Bharti AXA Life Insurance Company to distribute the latter’s life insurance products.

The bank will be able to provide a wide choice of life insurance products to its customers across 836 branches, supported by the products of Bharti AXA Life Insurance Company. This is the third such tie-up by the bank after PNB MetLife Life Insurance Company and LIC of India.

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  1. RBI Tweaks LCR Norms To Boost Liquidity

In a bid to further improve the cash position of banks, RBI has tweaked Liquidity Coverage Ratio (LCR) norms to provide an additional 2% window to lenders.

As per RBI Governor Shaktikanta Das, this move will harmonise the liquidity requirements of banks and release additional money for lending.

  1. Fitch keeps India’s rating unchanged at BBB

Rating agency Fitch retained India’s sovereign rating at ‘BBB-‘, the lowest investment grade, with a stable outlook for the 13th straight year.

Fitch expects growth of 6.8% in current fiscal 19-20 and 7.1% in the next fiscal 20-21.

 

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