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National News
Union Budget 2016-17
- Acceleration of GDP growth to 7.6%
- CPI inflation come down to 5.4%
- Budget will come into effect from April 1
India’s first IT Park by labor cooperative
- UL Cyber Park under the Uralungal Labor Contract Cooperative Society in Kozikhode, Kerala
- The cost of the park is estimated to be 270 crores
- Will provide direct employment to 4500 people. Indirect employment to 20,000 people.
- Park will export IT solutions and products to USA
Madhya Pradesh state budget for 2016-17
- It estimates for 58 lakh crores
- Total revenue receipts of 2016-17 estimated to be 4 lakh crores
- Includes 46500 crores as state’s own tax revenue
- 36 crores as share from Central taxes
- 63 crores as Non-tax revenue
- 15 crores from central Grants
Punjab government bans sale of army uniform
- Ban on sale of army uniform without proper identification
- Mandatory to submit phone number and self-attested copy of identity card
- Ruling in place after the Pathankot and Gurdaspur attacks
- Ban on sale of red and blue stickers used by police vehicles
- Ban on use of plates of political parties on vehicles
- Will remain in force till 21st April 2016
India-USA set up space cooperation
- Bilateral mechanism for sharing information for tracking movement of satellites, avoiding collisions and identifying potential threads to space and ground assets
- 12 Space Situational Awareness (SSA) agreements have been signed by USA with other countries and intergovernmental organizations and 51 commercial agencies
- India will setup state of the art data reception center Tracking and telemetry station in Vietnam
- It will be linked with existing center in Indonesia.
Naveen Patnaik elected as BJD president for 7th consecutive term.
- He is the CM of Odisha
- BJD party was formed by him in 1997.
- He has been CM of Odisha since 2000
Business and Economy
42% of illicit medices in Switzerland from India
- Rest of Asia accounts for 24%
- Western Europe accounts for 18%, Eastern Europe for 8%, Central and South America accounts for 4%. Other regions account for 4%
- Major illicit tablets were tranquilizers, slimming preparations, prescription tablets.
- 1134 cases registered in 2015.
BRICS Bank to provide its first loan to India on Solar project
- NDB will fund for green projects with India and China on priority list
- India will receive the loan in April
- NDB (National Development Bank) was set up by BRICS nations in July 2015
FDI increases by 40% in April-December FY16
- Foreign Direct Investment has increased by 40% to $29.44 billion.
- Union government has taken several steps to attract more investors.
Jaypee Sells Cement Biz to UltraTech for Rs 16,500 crore
- With this, UT cement’s capacity will increase upto 7 mtpa from current 68.3 mtpa.
- Japee Associates has already sold two hydro powerplants in Himachal Pradesh, Cement assets and Wind power assets in Gujrat, cement assets in Jarkhand and Harayana
Science and Technology
Aurbindo Pharma gets US FDA nod for anti-HIV tablets
- USA food and Drug administration has given approval for Ritonavir tablets made by Aurbindo Pharma in the strength of
- The company is based in Hyderabad
Sixth Doppler radar to be commissioned in East Coast
- It will be commissioned in the cyclone prone eastern coast in Gopalpur district of Odisha.
- It will be the sixth Doppler radar commissioned in the Eastern Coast.
- Doppler radar is an observational tool for monitoring and predicting sever weather events such as cyclones etc.
Twitter launches position of Strength campaign
- It is aimed at empowering women
- It has been launched in Australia and Ireland
- Will inspire next generation of women leaders to have an influential voice in the society
- Twitter has partnered with FICCI Ladies organization and Observer research foundation to engage women.
- Twitter has launched safety center in Hindi.
People in News
Socialist leader Nihal Ahmed Maulavi Mohammed Usman died at the age of 90.
- He has been selected to the legislative assembly for 3 decades
- He contested for ten times and won all the ten elections between 1960-1955
- former Technical and Education minister of Maharashtra
- first Mayor of Malegaon Municipal Corporation
- was the founder of Janata Dal party
- contested in1999 for Loksabha election but was defeated
Malayalam director Rajesh Pillai passes away
- He was affected by Pneumonia
- He died following treatment for liver cirrhosis.
- He is known for trend setting movies like ‘traffic’ and ‘Mili’
Famous Tamil Comedy Actor Kumarimuthu Passed Away
- He passed away due to age related ailments.
- His debut film was Nandu in 1981. He acted in over 50 films.
- He was part of the DMK political party
Awards
Resul Pookutty gets Global Reel award
- Resul Pookutty has won the Global Reel award for the sound design work in the film India’s Daughter
- He is the first Asian to have won the award.
- He is an Indian.
Sports
- Rozle Prezelj elected as the new chairman of the International Association of Athletics Federations Athletes Commission.
- He represented Slovenia has set a national record in high jump.
- He retired from the sport in 2014.
- Britain’s marathon world record title holder Paula Radcliffe is nominated vice-chairwoman of the board.
Warwainka wins Dubai ATP Tennis Title 2016
- He defeated Marcos Baghdatis of Cyprus to win the Dubai ATP title of 2016.