Daily
Current Affair Update 5th -6th March 2015
(1) Australia Cricket team created the record for highest score of 417
runs in ODI Cricket World Cup against Afghanistan
Australian cricket team created the record for
highest score of 417 for 6 in ODI cricket world cup 2015 against Afghanistan in
Perth on 4 March 2015.
In this match David Warner took 178 runs, Steve
Smith 95 runs and Glenn Maxwell 88 runs.
The previous record of highest runs in a World Cup
match was held by India and it was 413 run at a loss of 5 wickets. The record
was created on 19 March 2007 against Bermuda played at Queen's Park Oval.
(2) Reserve Bank of India adopted Inflation Targeting as a policy tool
for monetary regulation
Inflation targeting was in news recently as Union
Government and Reserve Bank of India (RBI) on 20 February 2015 signed an
agreement on Monetary Policy Framework. As per the agreement, RBI accepted to
focus on flexible inflation targeting.
Inflation targeting is defined as an economic policy
in which a central bank estimates or decides for a medium-term target inflation
rate.
Consumer Price Index (CPI)-based inflation targets
below six per cent by January 2016 and four per cent from 2016-17, with a band
of plus/minus two per cent.
(3) British Broadcasting Corporation released a documentary film of India's
Daughter
British Broadcasting Corporation (BBC) released a
documentary film of India's Daughter on 4 March 2015. The documentary film has been directed by
Leslee Udwin.
This film is based on Delhi gang rape and murder of Nirbhaya
this accident took place on 16 December 2012. The film was released in many
countries which are Denmark, Sweden, Switzerland, Norway and Canada.
(4) Lok Sabha passed Insurance Law Bill 2015
Lok Sabha passed the Insurance Law Bill by voice
vote on 4 March 2015, it was introduced in Lok Sabha on 3 March 2015 and it replace
the Insurance Laws Ordinance 2014.
The Ordinance amends the Insurance Act, 1938, the
General Insurance Business (Nationalisation) Act, 1972 and the Insurance
Regulatory and Development Authority (IRDA) Act, 1999.
This bill hikes Foreign Direct Investment (FDI) cap
in the insurance sector to 49 percent from present 26 percent.
(5) CCEA agree to extend Public Distribution System (PDS) Kerosene,
Domestic LPG Subsidy Scheme
Cabinet Committee on Economic Affairs (CCEA) agree
to extend the PDS Kerosene and Domestic LPG Subsidy Scheme 2002 on 4 March 2015
for a period of one year that is up to 31 March 2015 for far-flung areas.
These approvals will help in reducing the
under-recovery of the Oil Marketing Companies. Till date government was
providing a subsidy of 22 rupees 58 paise per 14.2 kg on LPG cylinder and 82
paise per litre on PDS Kerosene and Domestic LPG Subsidy Scheme.
(6) Dilip Shanghvi of Sun Pharmaceuticals is Richest
Indian
Dilip Shanghvi of Sun
Pharmaceuticals, with a net worth of $21.5 billion, surpassed Mukesh Ambani as
the world’s richest Indian on Wednesday, two days after the Reliance Industries
Ltd. chief was ranked India’s wealthiest for the eighth consecutive year.
A real-time update by the business
magazine Forbes reworked the rankings. On the global rich list, Mr. Shanghvi
moved up to the 37th position, while Mr. Ambani slipped to the 43rd.
(7) Foreign
Secretary S Jaishankar completed his SAARC Yatra
Foreign Secretary S Jaishankar completed his SAARC
Yatra of four countries on 4 March 2015. He started his SAARC Yatra on 1 March
2015 to 4 March 2015.
He visited four countries in his Yatra which are Afghanistan,
Pakistan, Bangladesh and Bhutan.
Jaishankar visit to Afghanistan
- During the visit, he called on Afghan President Ashraf Ghani and CEO Abdullah
Abdullah and held extensive talks focusing on India's development projects and
the security situation in the war-torn country. Afghan leaders welcomed India
being partner of choice for Afghanistan and briefed the Foreign Secretary
Jaishankar about their views on India's involvement in furthering the cause of
stability and security in the country.
Jaishankar visit to Pakistan
-
During the visit, he held Foreign Secretary level talks with his Pakistani
counterpart Aizaz Chaudhary, which was cancelled in July 2015. He also met with
Prime Minister Nawaz Sharif and his Advisor on Foreign Affairs and National
Security Sartaj Aziz. He handed over a letter from Prime Minister Narendra Modi
to Pakistan Prime Minister Sharif.
Jaishankar visit to Bangladesh
-
During the visit, Jaishankar met with Prime Minister of Bangladesh Sheikh
Hasina in Dhaka. He also met with Bangladesh Foreign Minister Abul Hassan
Mahmud Ali and Bangladesh Foreign Secretary Shahidul Haque. He held foreign
secretary level talks in Dhaka.
Jaishankar visit to Bhutan - During the
visit, he met with Bhutanese Prime Minister Tshering Tobgay and held
discussions on SAARC co-operation and bilateral ties. He also met with the 4th
King of Bhutan Jigme Singye Wangchuck.
(8) Reliance Infrastructure Ltd acquire Pipavav Defence Company Ltd
Anil Ambani-led Company Reliance Infrastructure Ltd acquire
Pipavav Defence and Offshore Engineering Company Ltd (PDOE) for 2082.3 crore
rupees on 4 March 2015.
