1. Jet Airways sought Rs.750 crore from Etihad
Naresh Goyal, Jet Airways chairman, has sought urgent funding of Rs.750 crore from its equity partner Etihad, the reason cited was the very precarious position of the airline following the lingering cash flow issues which got amplified after the forced grounding of over 50 of its planes.
The airline had also secured the go-ahead from the Civil Aviation Ministry to pledge its shares in JetPrivilege for securing the interim funding. The airline holds 49.9% stake in the loyalty programme while the majority is with Etihad.
2. PM inaugurated Pandit Deendayal Upadhyaya Institute of Archaeology
Prime Minister Narendra Modi inaugurated the new Pandit Deendayal Upadhyaya Institute of Archaeology at Greater Noida in Uttar Pradesh. He also unveiled the statue of Pandit Deendayal Upadhyaya at the campus.
- Pandit Deendayal Upadhyaya Institute of Archaeology is a state-of-the-art institution that comprises of an auditorium, an open-air theatre, and an Archaeological Museum.
- Institute of Archaeology is an academic wing of the Archeological Survey of India under the Ministry of Culture.
- Archaeological Survey of India (ASI) is the premier organization for the archaeological researches and protection of the cultural heritage in India. It functions under the under the Ministry of Culture. ASI regulates all archaeological activities in the country as per the provisions of the Ancient Monuments and Archaeological Sites and Remains Act, 1958 and Antiquities and Art Treasure Act,1972.
3. Jammu and Kashmir government to give monthly stipend and jobs for those who Shun militancy
Draft on Reintegration proposes a monthly stipend and jobs for those who Shun militancy by the Jammu and Kashmir government.
- The move is to encourage the youths hailing from Jammu and Kashmir to Shun militancy. The government proposes to offer them a monthly stipend of Rs. 6000 and jobs.
- The new Reintegration policy draft is under the consideration of Jammu and Kashmir administration headed by Governor Sathya Pal Malik.
- As per the government, the initiative will allow the militants who surrender ‘to encourage him to join the mainstream’. It gives importance to rehabilitation.
- Militants found to have been involved in heinous crimes won’t get the proposed benefits.
About Jammu and Kashmir
- Capital – Srinagar (summer), Jammu (winter)
- Governor – Sathya Pal Malik
4. Madhya Pradesh Government raises Reservation Quota of OBCs to 27 percent
Madhya Pradesh Governor Anandiben Patel approved the ordinance to increase reservation for Other Backward Classes(OBCs) from 14 percent to 27 percent, making MP the only state in India to have 27 percent quota for OBCs.
- At present, the state provides 20 percent reservation to Scheduled Tribes, and 16 percent to Scheduled Castes.
- OBCs are estimated to constitute nearly 52 percent of the state’s population, and OBC groups have often demanded an increase in the reservation to reflect their strength in the state.
5. Venkaiah Naidu conferred Honorary Doctorate from the University of Peace
Vice President Venkaiah Naidu was conferred Honorary Doctorate from the UN established the University of Peace. He is the first Indian to receive an honorary doctorate from the University of Peace. The university has stated that the degree of “Doctor Honoris Causa” (Doctor of Philosophy) was conferred on the Indian Vice President recognizing his contribution to the Rule of Law, democracy and sustainable development in India.
- The University of Peace was established in accordance with the Resolution 35/55 passed by the United Nations General Assembly in 1980. The main campus of the University of Peace is located in Costa Rica.
- It aims to be a forward-thinking, transformational and inspirational educational institution dedicated to the goals of quality teaching, research, and service for serving humanity in building a peaceful world.
6. Korea Exim Bank to give Rs 4,100 crore loan for Vizag Metro
Korea Exim Bank has come forward to extend a Rs 4,100 crore loan for Visakhapatnam Metro Rail project.
The three-corridor Vizag Metro would be built over a stretch of 42.55 km at a cost of Rs 8,300 crore.
About Korea Eximbank:
- Also called Export–Import Bank of Korea
- It is the official export credit agency of South Korea
- Founded: 1976
- Headquarters: Seoul, South Korea
7. India stands worlds 2nd largest arms importer says SIPRI
According to the latest report published by the Stockholm International Peace Research Institute (SIPRI), India was the world’s second largest importer of major arms in 2014–18 and accounted for 9.5% of the global total. Saudi Arabia which holds the long-held tag as largest importer accounted for 12% of the total imports during the period.
- Russia accounted for 58% of Indian arms imports in 2014–18, compared with 76% in 2009-13. Israel, the U.S., and France all increased their arms exports to India in 2014-18.
- The Russian share in Indian imports is likely to sharply go up for the next five-year period as India signed several deals including S-400 air defense systems, four stealth frigates, AK-203 assault rifles, a second nuclear attack submarine on the lease, and deals for Kamov-226T utility helicopters, Mi-17 helicopters, and short-range air defense systems.
8. Mohammad Shtayyeh appointed as the Prime Minister of Palestine by its President Mahmoud Abbas
President of Palestinian Authority Mahmoud Abbas appointed Mohammad Shtayyeh as the Palestinian Prime Minister.
- He succeeds Rami al-Hamdallah who resigned from this post 6 weeks ago.
- He is 61 years old and is a member of the central committee of the president’s Fatah party.
9. President Ram Nath Kovind conferred Padma Awards on 47 recipients
President Ram Nath Kovind conferred the Padma awards on 47 of this year’s 112 recipients at the Rashtrapati Bhavan.
The remaining winners are likely to be conferred the honour on March 16.
The Padma Awards, one of the highest civilian awards of the country, is conferred in three categories — the Padma Vibhushan, the Padma Bhushan, and the Padma Shri.
The Padma Vibhushan, which is India’s second highest civilian award after Bharat Ratna, was conferred to
- Folk artist Teejan Bai,
- Djibouti’s President Ismail Omar Guelleh,
- Larsen & Toubro chairperson Anil Manibhai Naik, and
- writer and theatre personality Balwant Moreshwar Purandare.
The Centre announced 14 recipients for the Padma Bhushan and 94 people for the Padma Shri award, this year.
- John Chambers (Trade and Industry-Technology)
- Sukhdev Singh Dhindsa (Public Affairs)
- Pravin Gordhan (Public Affairs, South Africa)
- Mahashay Dharam Pal Gulati (Trade and Industry-Food Processing)
- Darshan Lal Jain (Social Work)
- Ashok Laxmanrao Kukade (Medicine-Affordable Healthcare)
- Kariya Munda (Public Affairs)
- Budhaditya Mukherjee (Art, Music-Sitar)
- Mohanlal Viswanathan Nair (Art, Acting, Film)
- S Nambi Narayan (Science and Engineering-Space)
- Kuldip Nayar (Literature and Education – posthumous)
- Bachendri Pal (Sports-Mountaineering)
- V K Shunglu (Civil Service)
- Hukumdev Narayan Yadav (Public Affairs)
Notable Padma Shri awardees include actor Manoj Bajpayee, footballer Sunil Chhetri, choreographer and director Prabhu Deva, cricketer Gautam Gambhir, singer Shankar Mahadevan, and freestyle wrestler Bajrang Punia.
Actor Kader Khan will be awarded the Padma Shri posthumously.
9. Hardeep Puri launched the Indian Urban Observatory and Video Wall at New Delhi
Minister of State (I/C) for Housing and Urban Affairs, Hardeep S Puri, inaugurated the state-of-the-art India Urban Observatory and Video Wall at New Delhi.
- The India Urban Observatory will plug into the sources of data from cities, both from real-time and archival sources.
- It will help in getting up-to-date information on a meaningful set of indicators over various domains such as transport, health, environment, water, finance and so on, which will further assist in developing best practices, future strategies and policy interventions as and when required.
10. Anup Kumar Dubey, Sushil Kumar appointed special directors in ED
Senior bureaucrats Anup Kumar Dubey and Sushil Kumar were appointed special directors in the Enforcement Directorate (ED).
- Both Dubey and Kumar are the Indian Revenue Service (Income Tax) officers.
- Dubey has been appointed as Special Director, ED in Delhi and Kumar in Chennai.
- The Directorate of Enforcement is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India.