1. IAF pilot Abhinandan Varthaman returned to India 2 days after being captured by Pakistan
Indian Air Force (IAF) Pilot Wing Commander Abhinandan Varthaman was captured by Pakistani military on 27 February after his MiG-21 jet was shot down in PoK (Pakistan occupied Kashmir). After the pilot’s release, the Pakistan Foreign Office described him as a Prisoner of War.
- Tensions between India and Pakistan flared up when 40 CRPF personnel were killed and many injured on February 14 in one of the deadliest terror attacks in Pulwama district.
- Indian Air Force carried out a counter-terror operation in Balakot, deep inside Pakistan on February 26 and destroyed the major camp of Jaish-e-Mohammed (JeM), which itself claimed responsibility for the Pulwama massacre.
2. Cabinet approved setting up of 22nd AIIMS at Manethi, Haryana
The new All India Institute of Medical Sciences (AIIMS) at Manethi, District Rewari, Haryana will be established at a cost of Rs 1,299 crore.
- Like other AIIMS in the country, the AIIMS Rewari will also be set up under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).
- The new AIIMS will add 100 Undergraduate (MBBS) seats and 60 B.Sc (Nursing) seats.
3. PNB bank ranked highest in the implementation of Reforms Agenda
Punjab National Bank (PNB) secured top spot among all public sector banks in the implementation of ‘Reforms agenda’.
- PNB topped the list with a score of 78.4 out of 100 in the EASE-index which is followed by BoB (77.8), SBI (74.6), and Oriental Bank of Commerce (69).
- The EASE (Enhanced Access and Service Excellence) report shown significant enhancement in PSB performance on the back of Government’s 4 R’s strategy- recognition, recovery, recapitalization, and reforms.
4. Russia, China blocked a US resolution on Venezuela in the UN
Russia and China reject a US resolution at the United Nations Security Council (UNSC) on addressing the crisis in Venezuela.
- Russia’s draft resolution — which urged a settlement “through peaceful means” and insisted that all humanitarian aid be agreed by Maduro’s government — won only four votes: Russia, China, South Africa, and Equatorial Guinea.
- Seven countries including the United States, European countries and Peru opposed the Russian measure and there were four abstentions.
5. Ajay Narayan Jha became Member of the 15th Finance Commission
Shri Ajay Narayan Jha joined the 15th Finance Commission as its Member in place of Shri Shaktikanta Das resigned as a Member of the Commission after being appointed as Governor of the Reserve Bank of India (RBI).
- A 1982 batch IAS officer of Manipur cadre, he was the Finance Secretary to the Government of India and served as Secretary to the 14th Finance Commission, headed by former RBI Governor, Shri Y.V. Reddy.
- The 15th Finance Commission was constituted by a Presidential Order in November 2017 under the Chairmanship of Shri N. K. Singh to decide the formula for devolution of revenue between Centre and States.
6. DCB Bank launched Open Banking Platform for the next generation banking solutions
Creating a collaborative ecosystem with enterprises, fintech and app developers, and enhancing customer-service delivery, DCB Bank announced the launch of its Open Banking Platform.
More than 20 start-ups, fintechs, merchants, enterprises and developers are set to partner with DCB Bank for access to its Open Banking Platform APIs (Application programming interface) and collaborate on innovation and customer-centric products.
About DCB Bank
- Chairman – Nasser Munjee
- Headquarters – Mumbai, Maharashtra
7. Tata Steel has been recognized as one of World’s Most Ethical Companies
Tata Steel has been recognized as one of World’s Most Ethical Companies by the Ethisphere Institute for 2019. Ethisphere Institute is a global leader in defining and advancing the standards of ethical business practices. For the eighth time, Tata Steel has got the recognition in the ‘Metals, Minerals and Mining’ category. Tata Steel is one of the only two honorees in the ‘Metals, Minerals and Mining’ industry.
128 companies are recognized for exemplifying and advancing corporate citizenship, transparency and the standards of integrity in the year 2019. The honorees are from 21 countries and 50 industries.
The companies are listed World’s Most Ethical Companies based on 5 factors:
- Leadership and Reputation
- Ethics Compliance Programme
- Culture of Ethics
- Corporate Citizenship
- Responsibility Governance
8. Naresh Goyal agreed to step down as Jet Airways chairman
This comes weeks after reports suggested that the cash-strapped Jet airline has agreed to most of the conditions set by its second-largest shareholder Etihad for its revival.
- Etihad had agreed to invest in Jet Airways if Goyal stepped down from the board.
- Etihad Airways owns a 24% stake in Jet Airways.
- The Jet Airline had a gross debt of ₹8,411 crore as of September-end, including aircraft debt of ₹1,851 crore.
9. Deepak Singh Won Gold At Makran Cup In Boxing
National Boxing champion Deepak Singh (49kg) is the only Indian boxer who won the gold medal at Makran Cup in Boxing held at Chabahar, Iran.
- The five others claimed silver medals in the Makran Cup in Chabahar, Iran
- P. Lalitha Prasad (52kg), Commonwealth Games silver-medallist Manish Kaushik (60kg), Duryodhana Singh Negi (69kg), Sanjeet (91kg) and Commonwealth Games silver-medallist Satish Kumar (+91kg) claimed silver medals.
10. IRCTC launched its own digital payment gateway ‘IRCTC iPay’
With a view to promoting Government’s Digital India initiative, the Indian Railway Catering and Tourism Corporation (IRCTC) has launched its much awaited own payment aggregator system called “IRCTC iPay”.
- The new system will provide payment options like Credit Card, Debit card, Unified Payment Interface (UPI) and International card.
- With the launch of IRCTC iPay, passengers will not need any third-party platforms as the new system will provide payment options like Credit Card, Debit Card, Unified Payment Interface (UPI) and International Card.
- The option of IRCTC Prepaid Card cum wallet, Auto Debit shall also be available shortly.