18th March 2017 – Current Affairs Today

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National Current Affairs

India’s contribution to UN increases to Rs 244 crore

  • India’s contribution to the United Nations has increased to Rs 244 crore from Rs 157 crore for 2016-17.
  • Indian government had also made voluntary contributions to the tune of Rs 22 crore to international organizations, including UN agencies.

International Current Affairs

China, Saudi Arabia ink deals worth about $65 billion  

  • China and Saudi Arabia officials have signed Memorandums of Understanding(MoU) and Letters of Intent(LoI) potentially worth about $65 billionduring Saudi King Salman’s visit to China.
  • Aim :To promote investment opportunities in the kingdom
  • The agreements seeks co-operations in the field of investment, energy, space and other areas.

Business & Economy

HDFC Bank Launches India’s First Digital Loans Against Securities 

  • LAS will reduced the time to disburse the overdraft facility in just 3 minutesrather than several days previously. This is a first-of-its-kind initiative in India and probably the first in the world as well.
  • Under the facility, customers can pledge shares directly through their demat accounts and give necessary approvals while applying for the loan.
  • Shares dematerialized by NSDL and executed through HDFC Bank demat account could be used for pledging.
  • The bank will instantly approves the loan and the money will be credited to their bank accounts. Once shares are pledged, a customer cannot sell them unless the loan against them has been cleared.
  • The loan amount ranges from Rs 1 to 20 lakh for a period and every year the loan amount will be reevaluated.

UCO Bank, Future Generali tie up

  • Target : To achieve a growth of 80 per cent by FY18.
  • Future Generali General Insurance is a joint venture between India’s leading retailer Future Group and Italy based insurance major Generali.
  • It offers a wide spectrum of general insurance products like Motor Insurance, Health Insurance, Travel Insurance, Personal Accident & Home Insurance.

People in News

OnePlus India Ropes Amitabh Bachchan as its New Brand Ambassador 

  • Mr Bachchan is the first major face that OnePlus India is associating with for its latest flagship smartphone, OnePlus 3T.
  • According to the OnePlus team, Bachchan has been considered since he better represents ‘OnePlus’ motto ‘Never Settle’.
  • OnePlus 3T is rated as the best smartphone as compared to other brands based on consumer ratings on Amazon India.

Noted Film Director Diphan Dies At 45

  • Well known Malayalam film director Diphan passed away in Kochi after suffering from liver ailment. He was 45
  • Diphan has directed seven films including Puthiyamukham, D Company, Hero and Leader, Dolphins and SIM.

Justice Sharma sworn in as Upalokayukta of Assam

  • Former Judge of the Gauhati High Court Chittaranjan Sharmahas sworn in as Assam’s Upalokayukta

Babul Supriyo Named Vice-President Of FIFA U-17 World Cup LOC

  • Union Minister of State for Heavy Industries and Public Enterprises, Babul Supriyohas been named as Vice President of the 2017 U-17 FIFA World Cup organizing committee

Awards

Central Bank won Official language policy award

  • Mumbai based Central Bank of India won the first prize in the implementation of Official Language Policy in the western region for the year 2015-2016  at the Official Language Conference of Central and Western Regions

Science & Technology

Pakistan successfully test-fires land based anti-ship missile

  • Pakistan Navy has successfully test-fired ground-to-sea missile from the coastal region
  • The trial was witnessed by Vice Chief of Naval Staff Admiral Khan Hisham Bin Siddique.
  • The missile is equipped with modern technology avionics,  secured a hit on a target placed at sea with a high degree of accuracy.
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