Current Affairs – March 24, 2018

Current affairs banner March 24 2018 - Current Affairs – March 24, 2018

World Tuberculosis Day: 24th March

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The date marks the day in 1882 when Dr. Robert Koch announced that he had discovered the bacterium that causes TB, which opened the way towards diagnosing and curing this disease. Despite significant progress over the last decades, TB continues to be the top infectious killer worldwide, claiming over 4 500 lives a day.
The emergence of multidrug-resistant TB (MDR-TB) poses a major health security threat and could risk gains made in the fight against TB. The theme of World TB Day 2018 – “Wanted: Leaders for a TB-free world”- focuses on building commitment to end TB, not only at the political level with Heads of State and Ministers of Health, but at all levels from Mayors, Governors, parliamentarians and community leaders, to people affected with TB, civil society advocates, health workers, doctors or nurses, NGOs and other partners.

ISRO–BHEL Tie up for the Production of Space Grade Lithium-Ion Cells

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ISRO has entered into a Technology Transfer Agreement (TTA) with Bharat Heavy Electricals Limited (BHEL), which is one of the country’s leading PSUs, to transfer the technology for the manufacture of space grade Li-Ion cells. The TTA was signed at ISRO Headquarters, Bengaluru in the presence of Dr. K. Sivan, Chairman, ISRO and Mr. Atul Sobti, Chairman & Managing Director, BHEL. ISRO uses Li-Ion batteries as power sources for satellite and launches vehicle applications due to their high energy density, reliability, and long cycle life.
Vikram Sarabhai Space Centre (VSSC) of ISRO at Thiruvananthapuram has successfully developed the technology to produce space grade Li-ion cell, demonstrated the performance of the cell under various testing conditions and established its cycle life characteristics in accelerated mode. These cells are currently being used for various satellite and launch vehicle applications.

5th India Maize Summit 2018 inaugurated at New Delhi

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Maize production in India has seen a boom in recent years which has been possible due to increase in area as well as productivity as stated by the Union Minister of Agriculture and Farmers’ Welfare Shri Radha Mohan Singh at the inaugural event of the 5th India Maize Summit 2018 at FICCI, New Delhi. Delivering the inaugural address, Shri Singh said that during 1950-51, India produced only 1.73 MT, which has reached 25.89 MT in 2016-17 and is expected to cross 27 MT in 2017-18.
The average productivity in India is 2.43 ton/ha. In India, Maize is the third most important foodgrain after wheat and rice. The four states, namely Madhya Pradesh, Andhra Pradesh, Karnataka and Rajasthan account for more than half of the total maize production. Currently, India is among the top five exporters of Maize worldwide.

Mahila Shakti Kendra scheme to empower rural women through community participation

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The government of India has approved Mahila Shakti Kendra scheme for the period 2017-18 up to 2019-20 to empower rural women through community participation. Community engagement through College Student Volunteers is envisioned in 115 most backward districts as part of the Block Level initiatives and during FY 2017-18, 50 most backward districts to be covered (8 blocks per district).
The annual budget for block-level activities is Rs 35.36 lakh per block. New District Level Centres for Women have also been envisaged for 640 districts to be covered in a phased manner (220 districts during FY 2017-18, 220 more in 2018-19 and remaining 200 in 2019-20). These centers will serve as a link between the village, block and state levels in facilitating women-centric schemes and also give a foothold to BBBP at the district level.

MCX launches world’s first brass futures contracts

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Multi Commodity Exchange of India (MCX) recently launched futures trading in brass for the first time globally, which will facilitate brass stakeholders to hedge their price risk. The country’s largest commodity exchange will commence futures trading in brass on March 26 and will offer three contracts ending in April, May, and June for trading, with a lot size of one tonne. Brass futures will not only provide its stakeholders with a more organized and robust price discovery platform but will also help them to use a national level benchmark price as a ready reference to enable them to mitigate their price risk, the exchange said in a release.
Significantly, MCX Brass futures is the first non-ferrous contract with the compulsory delivery option. Brass is an alloy, which primarily contains around 55-60 percent copper and the rest is zinc, with small amounts of lead and iron. It is used in industries like an electrical appliance, marine engines, pump parts, switch gears, sanitary ware, automobiles, and defence.
CEO: Mrugank M. Paranjape
Headquarters: Mumbai

Tata Power names Praveer Sinha as CEO

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Tata Power on 23rd March announced that Praveer Sinha will take charge as chief executive from May 1. The change comes at a time when the company is grappling with issues like losses at its Mundra power plant and debts of over Rs 46,000 crore, among others. Sinha was one of the top contenders, according to a source.
Sinha, 55, has been the head of the company’s power distribution unit in New Delhi for several years., where he reduced its aggregate technical and commercial losses (arising from non-recovery of billed amount) from 84% to about 9%.

Manu Bhaker secures 10m Air Pistol gold at Junior World Cup

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An exciting final match characterized the 10m Air Pistol Women Junior event in Sydney, where India’s Manu Bhaker prevailed over Thailand’s Kanyakorn Hirunphoem (16) at the very last shot, securing India’s second individual gold at the ISSF Junior World Cup. The 16-year-old shooter overtook Hirunphoem at the very last shot, adding the Junior World Cup gold medal to the one she won earlier this month at the ISSF World Cup in Guadalajara (MEX).
In the Junior Men’s 10m Air Pistol, India’s Arjun Singh Cheema claimed gold while China’s Jinao Liu won the gold and teammate Zhehao Wang completed the podium winning bronze.
Australia –
Currency: Australian Dollar
Capital: Canberra

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