Current Affairs – March 22, 2018

Current affairs banner March 22 2018 - Current Affairs – March 22, 2018

World Water Day: 22nd March

1cc 21 - Current Affairs – March 22, 2018
World Water Day, on 22 March every year, is about focusing attention on the importance of water. The theme for World Water Day 2018 is ‘Nature for Water’ – exploring nature-based solutions to the water challenges we face in the 21st century. Damaged ecosystems affect the quantity and quality of water available for human consumption.
Today, 2.1 billion people live without safe drinking water at home; affecting their health, education, and livelihoods. Sustainable Development Goal 6 commits the world to ensure that everyone has access to safe water by 2030, and includes targets for protecting the natural environment and reducing pollution.

Cabinet approves Ayushman Bharat – National Health Protection Mission

2cc 21 - Current Affairs – March 22, 2018
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the launch of a new Centrally Sponsored Ayushman Bharat -National Health Protection Mission (AB-NHPM) having central sector component under Ayushman Bharat Mission anchored in the MoHFW.
The scheme has the benefits cover of Rs. 5 lakh per family per year. The target beneficiaries of the proposed scheme will be more than 10 crore families belonging to poor and vulnerable population based on SECC database. AB-NHPM will subsume the on-going centrally sponsored schemes –Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS).

The government decides to remove customs duty on export of sugar from its current level of 20% to 0%

3cc 21 - Current Affairs – March 22, 2018
During the current Sugar Season 2017-18, the sugar production in the country is estimated to be substantially higher than the estimated domestic consumption. Sufficient surplus stock of sugar may be available for export. In order to promote exports with the objective of evacuating surplus stocks from the country, the Government has decided to remove customs duty on export of sugar from its current level of 20% to zero percent. This will also help in maintaining demand and supply balance and thereby stabilizing the domestic sugar prices in the country.

Cabinet approves Central Sector “Integrated Scheme for Development of Silk Industry” for sericulture sector

4cc 21 - Current Affairs – March 22, 2018
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for Central Sector Scheme “Integrated Scheme for Development of Silk Industry” for the next three years from 2017-18 to 2019-20. A total allocation of Rs.2161.68 Crore has been approved for the implementation of the Scheme for three years from 2017-18 to 2019-20.
The scheme will be implemented by the Ministry through Central Silk Board (CSB). The scheme is expected to increase the silk production from the level of 30348 MTs during 2016-17 to 38500 MTs by end of 2019-20.

Cabinet approves North-East Industrial Development Scheme (NEIDS) 2017

5cc 21 - Current Affairs – March 22, 2018
The Union Cabinet chaired by the PM Narendra Modi has approved the North East Industrial Development Scheme (NEIDS), 2017 with financial outlay of Rs.3000 crores up to March 2020. The government will provide necessary allocations for the remaining period of the scheme after assessment before March 2020. NEIDS is a combination of the incentives covered under the earlier two schemes with a much larger outlay.
In order to promote employment in the North East States, Government is incentivizing primarily the MSME Sector through this scheme. Government is also providing specific incentive through the scheme to generate employment. All eligible industrial units, which are getting benefits of one or more components of other schemes of the Government of India, will also be considered for benefits of other components of this scheme.

China building world’s fastest hypersonic wind tunnel

6cc 21 - Current Affairs – March 22, 2018
China is building the world’s fastest hypersonic wind tunnel to develop spaceplanes, official media has reported. “The 265-metre-long tunnel can be used to test hypersonic aircraft that can travel at speeds of up to Mach 25 (30,625 kph), 25 times the speed of sound,” Han Guilai, a researcher with China’s State Key Laboratory of High-Temperature Gas Dynamics of the Chinese Academy of Sciences (CAS), told China Central Television over the weekend.
Han said the current wind tunnel could simulate flights ranging from Mach 5 to 9. Researchers from CAS in Beijing have successfully tested one hypersonic plane in a wind tunnel at such speeds, state-run Xinhua news agency reported.

US: Fed raises the key rate and foresees 2 more hikes this year

7cc 21 - Current Affairs – March 22, 2018
The Federal Reserve is raising its key interest rate and signaling confidence in the US economy’s durability but plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting more optimistic expectations for solid growth and low unemployment.
In a statement ending its latest policy meeting, the Fed boosted its key short-term rate Wednesday by a modest quarter-point to a still-low range of 1.5 percent to 1.75 percent. It also said it will keep shrinking its bond portfolio. The actions mean consumers and businesses will face higher loan rates over time.

West Indies beat Scotland in the rain-marred match to book 2019 ICC World Cup berth

8cc 10 - Current Affairs – March 22, 2018
The rain came to the rescue of West Indies, who qualified for the ICC Cricket World Cup 2019 after defeating defending champions Scotland by five runs on the Duckworth-Lewis-Stern Method in a Super Six fixture of the ICC Cricket World Cup Qualifier 2018 at the Harare Sports Club on 21st March. Scotland, chasing 199 for a place in the World Cup, to be staged from 30 May to 14 July, were 125 for five in 35.2 overs when a heavy downpour prevented further play in the match.
When play was called off, Scotland needed 74 runs in just over 14 overs. While the result ended Scotland’s hopes of featuring in their second successive World Cup and fourth overall since 1999, Afghanistan and Ireland are now back in contention if rain affects Thursday’s match between the United Arab Emirates and Zimbabwe. If there is no result, then net run-rate will determine the second qualifier behind the Windies.

For the first time, Decision Review System (DRS) to be implemented in IPL 2018

9cc 2 - Current Affairs – March 22, 2018
IPL chairman Rajeev Shukla confirmed on Wednesday that the Decision Review System (DRS) will be implemented for the first time in the history of the Indian Premier League. “Yes, this idea has been going around for many years,” said Shukla at a press conference in Mumbai, confirming that the TV replay system will be utilized if a team challenges an umpiring decision.
Each team is given one chance to review an umpiring decision during a T20 innings at the international level. With this decision, IPL will now become the second T20 league in the world – after Pakistan Super League (PSL) – to adopt the technology that helps to reduce the umpiring howlers.

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