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Current Affairs March 3&4, 2020

Current Affairs Headlines: March 3&4, 2020
1. Pune to host 108th Indian Science Congress annual session in 2021
2. Centre notifies the National Chambal Sanctuary in Madhya Pradesh as eco-sensitive zone
3. Overview of Myanmar President U Win Myint visit to India from Feb 26-29, 2020
4. BEE introduces Deep freezer and Light commercial air conditioners under star rating
programme
5. 11th National Krishi Vigyan Kendra (KVK) conference 2020 held in New Delhi
6. India among top suppliers of pharma drugs used in trafficking: INCB Report 2019
7. SBI switched to Cash Budget Based Assessment (CBBA) method of assessment for corporates
8. RBL Bank ties-up with Zomato to launch co-branded credit card powered by Mastercard
9. IIT Mandi, EWOK Society sign tripartite deal with NABARD for setting up 3 FPOs in Himachal
10. Paytm Insurance Broking secures brokerage licence from IRDAI
11. OECD downgraded India’s FY21 GDP growth to 5.1% from 6.2%
12. Sudhanshu Pandey appointed as new CMD of MMTC
13. MoS Santosh Gangwar launched Humsafar mobile app for doorstep diesel delivery in New Delhi
14. Tourism ministry launched Multilingual version of “Incredible India” website in New Delhi
15. SCTIMST develops Flow Diverter Stents Technology for the treatment of Aneurysms of brain
16. Indian Hockey men’s team ranked 4th for the 1st time & Women’s team ranked 9th : FIH World
Rankings 2020
17. Highlights of India Vs New zealand test match held in Christchurch, New Zealand
18. Former Chairman & CEO of General Electric, Jack Welch passed away at 84
19. World wildlife day celebrated on 3 March 2020
20. World Hearing Day was observed on March 3, 2020
21. TN CM Edappadi Palaniswami launched Tamil Nadu Health System Reform Programme
(TNHSRP)
22. Tripura Govt and AAI signed MoU for construction of 6 equipment hiring centers at Tripura
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NATIONAL AFFAIRS
Pune to host 108th Indian Science Congress with the theme ”Science and Technology for
Sustainable Development with Women Empowerment” in 2021
On March 2, 2020 The Indian Science Congress association (ISCA) announced that Pune will host the annual
session of 108th Indian Science Congress on January 3-7, 2021 at Symbiosis International University’s Lavale
campus with the theme,”Science and Technology for Sustainable Development with Women
Empowerment”.
• Dr Vijay Laxmi Saxena elected general president of the Indian Science Congress, 2020-21
• In the last 100 years, Pune will host the prestigious meet for the 4th time.
Focal Theme
To find ways to provide Women with equal access to STEM (Science, Technology, Engineering and
Mathematics), education, Research opportunities, economic participation which are considered to be
fundamental requirements to fuel holistic growth, renewed economies & achieve sustainable development.
Issues to be discussed at the session
• Sustainable development, Women empowerment & the role of Science & Technology to achieve
these in all its dimensions.
• Ways to increase the number of women in higher rank of Teaching, Research & Industry
• The issues that are obstacles to the growth of womens in the field of science & technology.
Gist about ISCA
i.It was started in 1914 in Kolkata & the first meeting was held from January 15-17 1914 with 105 members &
35 papers communicated for reading but now more than 60,000 members are there & nearly 2000 papers are
communicated for reading.
ii.It owes its origin to the foresight and initiative of two British Chemists, namely, Professor J. L. Simonsen and
Professor P.S. MacMahon who felt that scientific research in India may be stimulated if annual meetings of
research workers are arranged at least a little on the lines of the British Association for the advancement of
science.
iii.Objective: To advance and promote the cause of Science in India, recognize and support excellence in
scientific research, technologies and innovations & to secure and manage funds and endowments for the
promotion of Science including the rights of disposing of or selling all or any portion of the properties of the
Association.
National Chambal Sanctuary in Madhya Pradesh received eco-sensitive zone tag

On March 2, 2020 Centre notified 870 sq km around the National Chambal Sanctuary in Madhya
Pradesh(MP) as eco-sensitive zone (ESZ) to prohibit polluting activities like industries, major hydroelectric
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project,mining, stone quarrying & big construction within the ‘no-go area’ for the purpose of conservation of
water bodies, unique geographical features(ravines), flora & fauna.
Highlights
i.It covers about 435 square kilometres & lies across Sheopur, Morena and Bhind districts of MP with a length
of more than 400 kilometers.It is home to 75% of gharial,freshwater gangetic dolphins, 9 species of freshwater
turtles & more the 180 species of migratory birds.
ii.The area of extent is 0 to 2 kilometres around the boundary of National Chambal Sanctuary in MP as the ESZ.
iii.MP government to prepare ‘Zonal Master Plan’ to develop ESZ & Eco-Tourism plan to promote tourism
within the earmarked area.
iv.The Zonal master plan to be prepared within 2 years in consultation of local authorities provides restoration
of denuded areas, conservation of existing water bodies, management of catchment areas, watershed
management, groundwater management, soil & moisture conservation, needs of local community & other
aspects of the ecology and environment that need attention.
v.Under eco-tourism master plan, new construction of hotels & resorts within 1 kilometre from the boundary of
the wildlife or upto the extent of the ESZ.
vi.Forests, horticulture areas, agricultural areas, parks & open spaces earmarked for recreational purposes in
the ESZ not to be used, or converted into areas for commercial or residential or industrial activities.
About The National Chambal Sanctuary
It is Located on the Chambal River near the tripoint of Rajasthan, MP and Uttar Pradesh & is spread over 2,100
square mile.The key species are critically endangered gharial or fish eating crocodile, red-crowned roof
turtle,endangered Ganges river dolphin & common plants like Khair, Palash, Churel& Ber. It is the first and
only tri-state riverine protected area in India for the breeding population of Gharial.It is also called as
the National Chambal Gharial Wildlife Sanctuary.
About ESZ
ESZ or Ecologically Fragile Areas (EFA) is governed by the Ministry of Environment, Forests & Climate
Change(MoEFCC). The purpose of declaring ESZ is to create ” shock absorbers” to the protected areas & also act
as transition zones.There are no acts to regulate the zones, but are regulated with set of guidelines declared by
the ministry.
Overview of Myanmar President U Win Myint visit to India from Feb 26-29, 2020
The President of Myanmar U Win Myint along with First Lady, Daw Cho Cho, paid a four days visit to India
from February 26-29, on the invitation of Indian President Ram Nath Kovind, to deepen bilateral ties. He was
called on by India’s External Affairs Minister Subrahmanyam Jaishankar and received a ceremonial welcome at
the Rashtrapati Bhavan, New Delhi. He also paid homage at the Samadhi of Mahatma Gandhi at Rajghat, New
Delhi.
PM Modi and President Myint held talks; 10 agreements inked
During the high level talks between Prime Minister (PM) Narendra Modi and President U Win Myint at
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Hyderabad House, New Delhi, a total of 10 Memorandum of Understanding (MoU) were inked with a focus on
the socio-economic development of the Myanmar under India’s assistance mainly in conflict-torn Rakhine state.
The Rakhine state (Arakan) has witnessed a lot of violence in the past due to Rohingya conflict, a sectarian
violence between the Rohingya Muslim and Rakhine Buddhist communities. Following is the table providing
information about MoUs:
Signatory
S.No MoU/Agreement Signatory (India) (Myanmar)
MoU on Cooperation for Prevention of Trafficking Saurabh Kumar; Moe Kyaw Aung
in Persons; Rescue, Recovery, Repatriation and Re- Ambassador of India to Ambassador of
1 Integration of Victims of Trafficking Myanmar Myanmar to India
Agreement between the Government of India and

the Government of Myanmar regarding Indian Saurabh Kumar; Moe Kyaw Aung
Grant Assistance for Implementation of Quick Ambassador of India to Ambassador of
2 Impact Projects (QIP) Myanmar Myanmar to India
Project Agreement between Rakhine State

Government and Embassy of India, Yangon for
construction of incinerator in Mrauk Oo township
hospital, construction of seed storage houses and Saurabh Kumar; Moe Kyaw Aung
water supply systems in Gwa township under Ambassador of India to Ambassador of
3 Rakhine State Development Programme Myanmar Myanmar to India

distribution of electricity by solar power in five Saurabh Kumar; Moe Kyaw Aung
townships of Rakhine State under Rakhine State Ambassador of India to Ambassador of
4 Development Program Myanmar Myanmar to India

construction of Kyawlyaung- Ohlphyu road,
construction of Kyaung Taung Kyaw Paung road in Saurabh Kumar; Moe Kyaw Aung
Buthedaung Township under Rakhine State Ambassador of India to Ambassador of
5 Development Program Myanmar Myanmar to India
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Project Agreement Between Ministry of Social

Welfare, Relief and Resettlement (MSWRR) and
Embassy of India, Yangon for construction of pre- Saurabh Kumar; Moe Kyaw Aung
schools under Rakhine State Development Ambassador of India to Ambassador of
6 Programme Myanmar Myanmar to India
MoU for Cooperation on Combating Timber Saurabh Kumar; Moe Kyaw Aung
Trafficking, and Conservation of Tigers and other Ambassador of India to Ambassador of
7 Wildlife Myanmar Myanmar to India
Sunil Kumar U Than Zaw Director

MoU between Ministry of Petroleum and Natural Joint Secretary General, Oil & Gas
Gas (MoPNG), India and Myanmar Ministry of Ministry of Petroleum and Planning Department,
Electricity & Energy for cooperation in the field of Natural Gas Ministry of Electricity
8 petroleum products Republic of India & Energy
MoU between the Ministry of Communications, Anshu Prakash,

India and the Ministry of Transport & Secretary, Department of H.E Moe Kyaw Aung,
Communications of Myanmar on cooperation in Telecommunications, Ambassador of
9 the field of communication Ministry of Communications Myanmar
MoU for cooperation in the field of health research

between Indian Council of Medical Research H.E Moe Kyaw Aung,
(ICMR) and Department of Medical Research Prof (Dr.) Balram Bhargava, Ambassador of
10 (DMR), M/o Health & Sports of Myanmar ICMR Myanmar
India attaches highest priority to its partnership with Myanmar

In accordance with India’s Neighbourhood First and Act East policy, Myanmar is India’s core national
interest and will expand its partnership with Myanmar in sectors like energy, transportation, digital
connectivity, tourism and heritage management. Also, India will provide more assistance, including developing
training centres and new socio-economic infrastructure in rural areas.
Myanmar efforts towards stronger ties with India:
• The Southeast Asian nation assured that it would not allow groups that are inimical (harmful) to
India’s interests to operate from its territory.
• There is enhanced coordination and cooperation from the Myanmar Army in maintaining the
security of the borders.
India, Myanmar commits to early conclusion of discussion on bilateral MVA
India and Myanmar committed to the early conclusion of discussions on the pending bilateral Motor Vehicles
Agreement (MVA) to facilitate cross border movement of vehicles. As a part MVA, Coordinated Bus Service
between Imphal, India and Mandalay, Myanmar will be launched by 7 April 2020through private operators.
Projects under MVA:
• Construction of the modern Integrated Check Post as Phase-I at Tamu, Myanmar: Both sides
agreed to work together for the earliest commencement of the project.
• There are positive developments related to the Sittwe Port, Sittwe, capital of Rakhine State in
Myanmar, and the Kaladan Multi-Modal Transit Transport Project which will connect Indian
seaport of Kolkatawith Sittwe seaport in Rakhine State, Myanmar by sea. In Myanmar, it will then
link Sittwe seaport to Paletwa in Chin State via the Kaladan river boat route, and then from Paletwa
by road to Mizoram state in Northeast India.
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• Both countries committed towards the early completion of the Paletwa-Zorinpui road – the final
leg of the Kaladan project. Once completed, the road will connect Sittwe Port to North-East India,
generating more traffic for the Port.
Other commitments between both nations:
-Both sides agreed to jointly make flagship projects, such as Myanmar Institute of Information and
Technology (MIIT) and Advanced Centre for Agricultural Research and Education (ACARE) in Myanmar.
-Earliest upgradation of the Women’s Police Training Centre at Yamethin after finalization of modalities of the
project.
-Both sides agreed to work together to enable the launch of India’s RuPay Card in Myanmar at the earliest.
For this, National Payment Corporation of India (NPCI) needs to adhere to Myanmar laws and regulations.
-The two sides also agreed to explore the creation of an India-Myanmar digital payment gateway.
-They also expressed interest in exploring a bilateral mechanism for settlement in local currency with the aim
to boost cross border trade.
-The two sides agreed to accelerate the existing mechanism of India-Myanmar Joint Trade Committee meetings.
President U Win Myint paid two days visit to Bodh Gaya, Bihar
Myanmar President Win Myint had a two-day tour of Bodh Gaya in Bihar, the holy town where Buddha has
attained enlightenment. He was accompanied by his wife and a 28-member delegation of top Myanmarese
officials. He landed at Gaya International Airport and received by Bihar building construction minister Ashok
Choudhary.
• Myanmarese first couple ffered prayers at the Maha Bodhi temple,
• He donated a 36-inch high bronze image of Buddha that is to be enshrined at the Mahabodhi
Temple, and paid homage at the 7 sacred places of Buddha
• The President, the First Lady and delegation went to the Mahabodhi Temple, a UNESCO (United
Nations Educational, Scientific and Cultural Organization) world heritage site to paid homage at the
Great Buddha Statute.
• After that , they attended the donation ceremony of the 36-inch high bronze image of
Buddha that is to be enshrined at the Maha Bodhi Tree and its golden precinct. The donation was
B.T.M.C (Bodhgaya Temple Management Committee) Sayadaw U Carainda.
• The President and the First Lady then presented the ‘eight requisites for monks’ to the Sayadaws
and monks from (13) Myanmar Monasteries in the Bodh Gaya.
• After the donation ceremony, the President and the First Lady donated thin gold plates at the Maha
Bodhi Tree.
• He also paid homage at the 7 sacred places of Buddha, and fed the fish with fish food at
the Mucalinda Lake.
• The President and the First Lady made a study tour at the King Mindon’s Stone Inscription, paid
homage to the Daijokyo Buddhist Temple (the Japanese Pagoda).
U Win Myint visited Taj Mahal, Agra
Myanmar President and his wife also visited 17th centuary monument Taj Mahal in Agra, Uttar Pradesh (UP).
About Myanmar:
Capital– Naypyitaw
Currency– Burmese kyat
State Counsellor– Daw Aung San Suu Kyi
BEE introduces Deep freezer and Light commercial air conditioners under star rating
programme
On March 2, 2020, Bureau of Energy Efficiency (BEE),an agency of the Government of India, under the
Ministry of Power, has launched star rating programme for Light Commercial Air Conditioners
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(LCAC) and Deep Freezers, in its 19th foundation day under the Energy Conservation Act, 2001 in New
Delhi.Key Points:
i.During the occasion, BEE also launched 1st of its kind initiative, Urja Dakshata Information Tool (UDIT)
(www.udit.beeindia.gov.in) developed in association with US (United States)-based World Resources Institute
(WRI), to facilitate a database on energy efficiency.
The tool UDIT helps to know the energy efficiency landscape of India across various industries including
appliances, building, transport, municipal and agriculture sectors. It also explains the capacity building and new
initiatives taken up by the Government across the sectors in the increase energy efficiency.
ii.Through the Star label, equipment manufacturers indicate how economical their equipment is in terms of
electricity expenditure. This could save a total of 9 billion units of electricity by 2030 in the use of only these
two types of electric devices and a reduction in CO2 emissions.
iii.A total of 24 devices have been covered under this program so far. These rules are mandatory on 10
appliances such as AC, frost free refrigerator transformer used in rooms, while appliances like pump sets,
ceiling fans, LPG stoves are covered under the voluntary scheme.After launching these 2 new appliances under
voluntary regime, the total count becomes 26.
iv.Deep freezer & LCAC: Deep freezer is used for food, fruits, Contains long-term preservation of vegetable-
like substances. Light commercial air conditioners come with AC ranging from DSC (Digital Security Controls)
Series 3-5 Tons.
What is LCAC?
The existing BEE star labeling program for Air Conditioners is based on Indian Standard IS 1391 part 1, part 2
and covers AC with cooling capacities up to 10.5kW. In order to cover split ACs beyond the scope of existing
BEE star labeling program upto a cooling capacity of 18kW, BEE has prepared a star labeling program for split
ACs having cooling capacities in excess of 10.5kW and upto 18.0 kW. This category of Air conditioners is termed
as “Light Commercial Air conditioners (LCAC)” primarily due to their application in commercial air
conditioning.
v.For now the star rating for deep freezer will be voluntary and the energy consumption criteria will be
effective till 31 December 2021. For light commercial air conditioners, it will be voluntary from March 2, 2020 –
December 31, 2021.
After that, the star rating program will be made mandatory for these devices by assessing the market situation.
About Bureau of Energy Efficienccy(BEE):
Headquarters– New Delhi
Parent organization– Ministry of Power
Director General– Shri Abhay Bakre
11th National Krishi Vigyan Kendra (KVK) conference 2020 held in New Delhi
A 3-day long 11th National Krishi Vigyan Kendra (KVK) Conference -2020 based on the theme
‘Empowering Youth for Technology Led Farming’ was held in New delhi.It wasinaugurated by Union
Minister for Agriculture & Farmers’ Welfare, Rural Development & Panchayati Raj, Shri Narendra Singh Tomar.
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Key Points:
i.The conference, organized by the Indian Council of Agricultural Research (ICAR),focused on technology-led
farming and youth entrepreneurship through agriculture.
ii.The conference saw the participation of all the KVKs across India. A number of Krishi Vigyan Kendra
publications and different products developed by the KVKs were also launched during the conference.
iii.There are a total of 717 KVKs spread across the country, since the creation of the first KVK at Puducherry in
1974.
About Ministry of Agriculture & Farmers’ Welfare:
Founded– 1947
About Indian Council of Agricultural Research (ICAR):
Founded– 16 July 1929
INTERNATIONAL AFFAIRS
India among top suppliers of pharma drugs used in trafficking: INCB Report 2019
In accordance with the “Report of the International Narcotics Control Board for 2019”, by International
Narcotics Control Board (INCB) released by United Nations Office of Drugs and Crime (UNODC), India is named
among the top manufacturers of illicit and licit drugs that are smuggled to other countries.
Highlights of report with reference to India:
–Non Submission of Form P: India has not submitted Form P of INCB which is used to report annual statistics
on the manufacture, trade and consumption of substances controlled under the Convention on Psychotropic
Substances of 1971. Other countries that did not comply are Australia, Belgium, Brazil, Canada, China, Denmark,
France, Japan, Luxembourg and Spain.
–Centre of manufacturing of tramadol: India is a significant source of illicitly manufactured products,
branded and marketed as ‘tramadol’ that are seized worldwide. Tramadol is an opioid pain medicine that is
addictive and abused for recreational purposes. Globally, most of the tramadol that was seized from 2013 to
2017 was reported to have originated in India. India was the source of 87% of the tramadol seized in Ghana in
2017. In recent years India has emerged as the centre of manufacturing of tramadol
–Seizures: Codeine-based preparations, particularly a cough syrup, Phensedyl, continued to be seized in the
region. In 2018, Indian authorities seized more than 51,821 bottles of Phensedyl.
• Largest seizure in India: 8 tons of pseudoephedrine was confiscated in Noida, Uttar Pradesh (UP)
in a single seizure on May 11, 2019. This was the largest seizure on record in the country.
• Seizures of amphetamine-type stimulants peaked again in 2018, at 931 kg. The highest total
annual seizures of amphetamine-type stimulants in India were in 2016, with a record 1.7 tons of
seizures.
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• Seizures of methaqualone in the country decreased to 99 kg in 2018, compared with 124 kg in

2017. It is a sedative and hypnotic medication.
• Buprenorphine, another opioid pain relieving medication is also continued to be seized in India in
both injectable and tablet forms.
• Another drug, Phenobarbital, a substance included on the WHO Model List of Essential Medicines
for treating epilepsy, is one of the most internationally traded controlled psychotropic substances,
with more than 161 countries reporting imports of the substance in 2018. China is the lead
manufacturing country of phenobarbital, having produced 154 tons in 2018, followed
by India and Hungary, at 87.2 tons and 32.3 tons, respectively.
-Illicit precursor continued: The diversion of controlled pharmaceutical precursors, in
particular ephedrine and pseudoephedrine, from licit to illicit channels has continued in India. A precursor is
a compound that participates in a chemical reaction to produce another compound.
About INCB:
Establishment– 1968
Headquarters– Vienna, Austria
President– Cornelis P. de Joncheere
About UNODC:
Headquarters– Vienna, Austria
Director-General– Ghada Fathi Waly
Click here for full report
BANKING & FINANCE

SBI switched to Cash Budget Based Assessment (CBBA) method of assessment for corporates
On March 1, 2020, State Bank of India (SBI) has switched to “Cash Budget Based Assessment (CBBA)”
from “Projected Balance Sheet (PBS)” method of Fund Based Working Capital (FBWC) limits for
assessment of the working capital requirement for corporates or large advances. CBBA of limits has been
initiated for assessment of the FBWC limits for units with total FBWC exposure of more than ₹50 crore from
the banking system.
Reason behind this Shift:

-SBI bids to achieve minimum 11.50% year-on-year (Y-O-Y) growth in whole bank advances in FY2021, so it
intends to focus on refinancing better rated corporates.
-Also, due to increase in the number of the digital transactions, the monitoring of transactions/assets of the
borrowers has become a major challenge; therefore, CBBA will provide of the borrower’s cash
requirements and enforce financial discipline.
Key Points:
-SBI is seeking more business from personal segment products, home loans and risk-mitigated products in the
new financial year beginning April 1, 2020.
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-The whole bank advances of SBI grew by 6.79% year-on-year (yoy) to ₹23.01-lakh crore as of December-end
2019 against ₹21.55-lakh crore as of December-end 2018.
-SBI has started Risk Intel, an email service, advising the business units of rating actions in respect of units it
has funded.
-It also plans to focus on refinancing “AAA/AA” rated corporates, where cash flows are on expected lines, for
funding their completed projects to boost quality credit.
-The bank also intends to step up focus on risk mitigated loan products in the agriculture sector such as
multi-purpose gold loan, asset backed agriculture loan (ABAL), big-ticket loans, etc. to attain growth in the
agriculture segment.
About SBI:
Formed– July 1955 as SBI
Headquarter– Mumabi, Maharashtra
Chairman– Rajnish Kumar
Digital banking platform– Yono
Tagline– The Banker to Every Indian
RBL Bank ties-up with Zomato to launch co-branded credit card powered by Mastercard
On March 02, 2020, RBL Bank (formerly known as Ratnakar Bank),an Indian private sector bank, has entered
into a partnership with Online food ordering and delivery app Zomato to launch co-branded credit cards,
powered by Mastercard, for Zomato users.
Key Points:
i.It will be the first of its kind co-branded credit card, available in two variants – basic Edition Classic card and a
more premium Edition Card. The basic Edition Classic card starts with an annual membership of Rs.500 (plus
taxes).The premium edition is priced at Rs3,000 plus taxes. It will offer benefits such as Zomato Gold
membership, cash back as well as airport lounge access.
ii.In the Edition card variant, customers get 10% cashback to their Zomato wallet for payments made via
Zomato. In addition, they will also get 2% Edition Cash for all online transactions, 1% on offline purchases and
2000 bonus Edition cash (1 Edition cash is equivalent to Rs. 1) for spending more than Rs 5 Lakh.
While the other variant Edition Classic Card 5% cash bank in Zomato wallet,1.5% Edition Classic Cash cashback
for online transactions, 1% on offline transactions & 2000 bonus Edition Classic Cash for spending over Rs 2
Lakh.
About Zomato:
Headquarters– Gurugram, Haryana
CEO– Deepinder Goyal
About RBL Bank:
Headquarters– Mumbai, Maharashtra
MD & CEO– Mr Vishwavir Ahuja
Tagline– Apno ka Bank
About Mastercard:
Headquarters– New York,U.S.
President & CEO– Michael Miebach (effective from March 1, 2020)
IIT Mandi, EWOK Society sign tripartite deal with NABARD for setting up 3 FPOs in Himachal
On March 2, 2020,The IIT (Indian Institute of Technology) Mandi (Himachal Pradesh) along with Enabling
Women of Kamand (EWOK) Society have signed a tripartite agreement with the National Bank For Agriculture
And Rural Development (NABARD) for collaboration on setting up 3 Farmer Producer Organisation
(FPOs) in Himachal Pradesh’s(HP) Mandi district in the next 3 years.
Key Points:
i.NABARD has approved an amount of Rs 35 lakhs in this regard to IIT Mandi and EWOK Society for
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establishing FPOs, which is a group of farm producers, with members as shareholders in an organisation. It
helps them get better access to quality inputs, technology, credit and better marketing access through economy.
ii.The agreement was signed by IIT Mandi’s Sponsored Research and Industrial Consultancy (SRIC) Dean
Venkata Krishnan, EWOK Society Secretary Sandhya Menon and NABARD Chief General Secretary Nilay Kapoor
on February 22,2020.
iii.It is to be noted that EWOK is an initiative of IIT Mandi Women’s Center to assist rural women set up small
enterprises in 5 panchayats of Kataula, Katindhi, Navlaya, Batheri and Kamand in Mandi by giving them proper
guidance, training & information.
iv.Earlier, the union Cabinet gave its nod to set up 10,000 FPOs by 2024.
About Himachal Pradesh:
Capital– Shimla
Governor– Bandaru Dattatreya
Chief minister– Jai Ram Thakur
About National Bank For Agriculture And Rural Development (NABARD):
Formation– July 12, 1982
Headquarters– Mumbai, Maharashtra
Chairman– Dr. Harsh Kumar Bhanwala
Paytm Insurance Broking secures brokerage licence from IRDAI

On March 3, 2020, Indian digital payments platform Paytm’s subsidiary, Paytm Insurance Broking, has
received the brokerage licence from the Insurance Regulatory and Authority of India (IRDAI).
Key Points:
i.Paytm will now offer insurance in various categories namely automotive, health and life. In addition to this,
Paytm customers can also get policy management and claim settlement at select merchant points.
ii.Paytm Insurance Broking aims to support its 16 Million merchant partners to sell its innovative insurance
products all over India. Also it aims to expand the outreach of its products in a hassle-free manner and
empower the merchant by providing an alternate income source.
iii.Paytm has already partnered with 20 insurance companies and is now planning to get an additional 30
companies in future.
About Paytm:
Parent organization– One97 Communications
Headquarters– Noida, Uttar Pradesh
President– Amit Nayyar
It had incorporated 2 insurancefirms— Paytm Life Insurance Corporation Ltd and Paytm General Insurance
Corporation Ltd in 2018.
ECONOMY & BUSINESS

OECD downgraded India’s GDP growth to 5.1% from 6.2% for 2020
On March 2, 2020, Global agency Organisation for Economic Cooperation and Development (OECD) in its report
titled “OECD Interim Economic Assessment Coronavirus: The world economy at risk” has trimmed India’s
real GDP (Gross Domestic Product) growth forecast to 5.1% from the earlier projection of 6.2% for 2020 due to
the impact of deadly coronavirus (COVID-19) on the domestic as well as the global economy. For 2021, India’s
real GDP growth is projected at 5.6% from the earlier forcast of 6.4%.
Key Points:
-This downward revision is not slated only for India but all G20 economies in 2020 will face this decline.
-On global front, GDP growth is projected to drop to 2.4% in 2020 from 2.9% in 2019. It is expected to recover
to 3.3% in 2021.
Point to be noted:
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The Economic Survey 2019-20 tabled by the government in Parliament has projected India’s economic growth
at 6 -6.5% in the financial year starting 1 April, 2020. The National Statistical Office (NSO) estimates India’s
GDP growth at 5% during 2019-20. OECD has projected the growth at 4.9% for the financial year ending March
2020.Click here for full report
About OECD
Headquarter– Paris, France
Member Countries– 36
Secretary-General– Jose Angel Gurria Trevino
APPOINTMENTS & RESIGNATIONS

Sudhanshu Pandey appointed as new CMD of MMTC
On March 3, 2020 Sudhanshu Pandey, Additional Secretary at the Department of Commerce, assumed
additional charge as CMD (Chairman & Managing Director) of MMTC (Metals & Minerals Trading Corporation).
He was the successor of Ved Prakash. Pandey currently discharges functions as the Chief Negotiator of India.
Key Points:
i.About Pandey: Sudhanshu Pandey is an IAS (Indian Administrative Service) officer & has experience of over
32 years in different senior positions in state governments, the Centre and also Indian delegate in Germany.
ii.He also served many high-level government and trade delegations to various countries.
About MMTC:
MMTC is one of the two highest foreign exchange earners for India (after petroleum refining companies),
largest international trading company of India & also largest public sector trading body. The main objective of
the company was export of mineral ores & import of essential metals.
Headquarters- New Delhi.
SCIENCE & TECHNOLOGY

MoS Santosh Kumar Gangwar launched Humsafar mobile app for doorstep diesel delivery in
New Delhi
On March 2, 2020 Shri Santosh Kumar Gangwar, Minister of State (MoS- Independent charge) for Labour &
Employment, launched ‘Humsafar’ mobile application in New Delhi, which delivers diesel to doorstep of bulk
users.
Key Points:
i.Uses of app: The app will be used for the fuel delivery services to housing societies, hotels, hospitals, malls,
construction sites, industries, banquets & other bulk buyers of the diesel in various cities, including Gurugram,
Ghaziabad, Noida, Faridabad, Hapur, Kundli, Manesar & Bahadurgarh.
ii.The benefits of the diesel delivery service are live tracking of the delivery vehicle, good quality & quantity of
fuel delivered, automated billing.
iii.The diesel will be delivered within the period of 8 hours, without wastage and spoilage of fuel.
iv.Humsafar consists of 12 bowser tankers of different capacity from 4 kiloliters to 6 kiloliters & an
experienced team of 35 people, excluding bowser crews.
About Ministry of Labour & Employment (MOL&E):
Headquarters- New Delhi.
Santosh Kumar Gangwar Constituency– Bareilly, Uttar Pradesh (UP)
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Tourism minister (MoS), Shri Prahlad Singh Patel launched Multilingual version of “Incredible
India” website & Mobile app in New Delhi
On March 2, 2020, The Minister of State (MoS) for Tourism & Culture, Shri Prahlad Singh Patel has launched
the multilingual version of ‘Incredible India’ website and mobile app in New Delhi with the aim to provide
more information about India’s tourist destinations, attractions, experiences, and where the value lies.
The website was earlier hosted in only 2 languages i.e. English & Hindi and now it has been launched in 3 new
languages i.e. Chinese, Arabic and Spanish.Key Points:
i.The upgraded version will help boost the tourism awareness, attractions and opportunities by facilitating
tourists with personalised and contextual digital experiences.
ii.The website, consists of a stock of information about 28 States and 9 Union Terrorists(UTs), around 165
destinations, 2700+ pages, along with multiple attractions,will provide 360 degree-experience-based walk-
throughs and stories and experiences of the tourists in various aspects such as Food & Cuisine, Heritage, Nature
and Wildlife, Luxury, Spiritual, Adventure, Art, Shopping and many more.
iii.India saw the arrival of over 10.9 million foreign tourists in the year 2019, of these about 6 lakh people
speak Chinese, about 2 lakh speak Arabic, and about 1 lakh 25 thousand speak Spanish.
iv.On this occasion secretary of Ministry of Tourism Shri Yogendra Tripathi, Director General(DG), Ministry of
Tourism Smt. Meenakshi Sharma, senior officials of the ministry, foreign delegates and stakeholders of tourism
industry were also present.
About Ministry of Tourism:
Founded– 1967
SCTIMST develops Flow Diverter Stents Technology for the treatment of Aneurysms of brain On
March 2, 2020 a research team of Sree Chitra Thirunal Institute of Medical Science and Technology
(SCTIMST),Thiruvananthapuram, an Institute of National Importance under the Department of Science and
Technology has developed an innovative intracranial flow diverter stent named as Chitra Flow Diverter for
the treatment of aneurysms of the blood vessels of the brain.The new technology is ready for transfer & further
testing in animals, followed by human trials.
Intracranial aneurysm
Intracranial aneurysm is a localized ballooning, bulging or dilation of arteries in the brain caused by
progressive weakening of the inner muscles of the wall of blood vessels. Spontaneous rupture of the aneurysm
can result in bleeding into the space around the brain resulting in a subarachnoid hemorrhage (SAH).
Subarachnoid hemorrhage can lead to paralysis, coma or death.
There is one surgical & 3 non-surgical treatment of aneurysm & among them the best way is deploying a flow
stent to bypass the segment of the blood vessel which has the aneurysm, which reduces the chances of rupture
of aneurysm.
14 | P a g e
Flow Diverter Stent

i.Flow diverters are flexible & adaptable to the shape & course of the vessel & promote healing of the vessel
wall by removing constant stress of blood flow on it.
ii.It has better grip on the walls of arteries of complex shapes in order to reduce the risk of migration of the
device
iii.Stent is resistant to kinking or twisting when it is placed in tortuous arteries & those with complex shapes,
even a 180 degrees bend does not occlude the lumen of the stent.
iv.For better visibility in X –Rays & fluoroscopy which aids accurate delivery of the diverter in the blood vessel
a portion of the wires is made radio opaque
v.The Flow diverter stent is not manufactured in India & is imported at a cost of Rs 7-8 Lakhs.
vi.The flow diverter is delivered to the aneurysm in the brain using a delivery system. The delivery system is
also developed by the team.
vii.SCTIMST has filed separate patents for the stent and the delivery system.
About SCTIMST
Director- Dr Asha Kishore
Location- Thiruvananthapuram, Kerala
SPORTS
Indian Hockey men’s team ranked 4th for the 1st time, Belgium topped & Women’s team
ranked 9th , Netherlands topped : FIH World Rankings 2020
Fédération Internationale de Hockey or International Hockey Federation (FIH) World Rankings 2020, ranks
Indian Hockey men’s team at 4th position with 2064.14 points for the 1st time & Women’s team is ranked
at 9th with 1543 points.The men’s list is topped by Belgium for the first time with 2481.34 & women’s list is
topped by Netherlands with 2626.03 points.i.Indian Men’s team’s excellent performance in the 1st 3 rounds of
15 | P a g e
the 2nd edition of FIH Hockey Pro League paved the way for them to move from 5th spot to 4th spot. This is the
highest ranking position since the formation of FIH rankings in 2003.
ii.Indian Men’s team rise comes from the drop of Olympics champions Argentina to 5th place.
Men’s Rank List
Rank Country Points Secured
4 India 2064.14
1 Belgium 2481.34
2 Australia 2393.58
3 Netherlands 2237.61
Women’s Rank List
Rank Country Points Secured
9 India 1543
1 Netherlands 2626.03
2 Australia 2111.21
3 Argentia 2076.29
Model to calculate FIH World Ranking
After the approval from the FIH Executive Board, a new World Ranking model took effect from January 1, 2020.
Previously the tournament based ranking system was adopted,at present a match based model where opposing
teams exchange points.The number of points exchanged depends on the result of the match, the relative
ranking of the teams and the importance of the match.
About FIH World Ranking
It was introduced in October 2003.This ranking system is for men’s & women’s national teams in field hockey.
The teams of the member nations of FIH, field hockey’s world governing body are ranked based on their game
result. It determines the quotes for tournaments such as the Olympic Games and the World Cup.
About FIH
Headquarters- Lausanne, Switzerland
President- Dr Narinder Dhruv Batra
New Zealand won the test series against India held in New Zealand
The Indian men’s cricket team Played 2-test matches against New Zealand as part of the India Tour of New
Zealand 2020 from February 21- March 2, 2020.
The matches were held in Basin Reserve, Wellington (1st test) and Hagley Oval, Christchurch (2nd test) in New
Zealand.
New Zealand made a clean sweep with 2–0 scores in the two-match Test series after beating India by 7 wickets
in the second and final Test.
The highlights of the match are as follows:
i.Ross Taylor became the 1st New Zealand male cricketer to play 100 matches in all three formats of cricket.
Taylor made his Test debut in 2007.
ii.Playing his first series, New Zealand bowler Kyle Jamieson was voted man of the match. He took 5 wickets in
the first innings, and came in ninth order and scored a crucial 49 runs with the bat.while Tim Southee, who took
the most 14 wickets in the series, was adjudged Man of the Series.
iii.With this victory, the New Zealand team reached the 2nd position in the ICC( International Cricket
Council) Test team rankings. While the Indian team remains in first place with 116 rating points.
16 | P a g e
OBITUARY
Former Chairman & CEO of General Electric, Jack Welch passed away at 84
On March 1, 2020 John Francis Welch Jr., former chairman & CEO (Chief Executive Officer) of General
Electric (GE) Company passed away at the age of 84, in New York, US (United States). He was born on March 19,
1935 in Massachusetts, US. He grew General Electric company during the 1980s & 1990s into the most
valuable public company in the US.
Key Points:
i.About Jack Welch: He was also known as “Neutron Jack” & under his guidance the GE’s market value grew
from $12 billion to $410 billion.
ii.In 1999, Fortune named him the “Manager of the Century” and the Financial Times named him “One of the 3
most admired business leaders in the world”.
IMPORTANT DAYS
World wildlife day celebrated on 3 March 2020
On March 3, 2020,The World Wildlife Day (WWD) has been celebrated based on the theme “Sustaining all
life on Earth”. The day aims to celebrate the beautiful and varied forms of wild fauna and flora & raises
awareness for conservation of wildlife.Key Points:
i.The main objective of this day is to familiarize the common people with the diverse forms of wildlife and
flora. At the same time people have to create awareness about the many benefits for their conservation. The
day encourages people to continue their fight against poaching and other wildlife crimes. This has become
necessary as many species are becoming extinct for widespread economic, environmental and social impacts.
ii.This is in line with the UN’s Sustainable Development Goals (SDG)- 1, 12, 14 and 15.The year 2020, also
known as ‘biodiversity super year’, will witness several major global events aimed at conserving the
17 | P a g e
biodiversity of the planet. This will enable transformative progress towards conservation and sustainable use
of wild animal and plant species.
ii.The 16th meeting of the Conference of Parties (CoP16) Convention on International Trade in Endangered
Species of Wild Fauna and Flora (CITES) held in Bangkok, Thailand from 3 to 14 March 2013 and passed a
resolution declaring March 3 as World Wildlife Day. The results of CITES CoP16 were transmitted to UNGA.
iii.On 20 December 2013, the 68th session of the United Nations General Assembly (UNGA) decided to proclaim
3 March as World Wildlife Day. This date also marks the day of the 1973 adoption of the CITES,which ensures
that international trade is not a threat to the survival of any species.
iv.The Secretariat of CITES, in collaboration with other United Nations organizations, facilitates the
implementation of World Wildlife Day.
About United Nations General Assembly(UNGA):
President– Tijjani Muhammad-Bande.
Headquarters– New York City, United States(US).
World Hearing Day was observed on March 3, 2020

World Hearing Day (WHD) is observed annually on 3rd March by the Office of Prevention of Blindness and
Deafness of the WHO (World Health Organization) to raise awareness on how to prevent deafness and hearing
loss. The day is being observed since 2007 and before 2016 it was known as International Ear Care Day.
Theme of WHD 2020: Hearing for life: Don’t let hearing loss limit you. The theme ensures that the people with
hearing loss are able to achieve their full potential.
About WHO (World Health Organisation):

Headquarters- Geneva, Switzerland.
Director General- Tedros Adhanom Ghebreyesus.
STATE NEWS
TN CM Edappadi Palaniswami launched Tamil Nadu Health System Reform Programme
(TNHSRP)
On March 3, 2020 Tamil Nadu (TN) Chief Minister (CM) Shri Edappadi K. Palaniswami launched the 5
year Tamil Nadu Health System Reform Programme (TNHSRP) in Chennai, Tamil Nadu. The programme
will be implemented with the World Bank’s fund .This was the first Program-for-Results (PforR) project for the
Bank in India and the first for Tamil Nadu.
Aim: To strengthen the management of non-communicable diseases (NCD) & injuries, improve the quality of
care & reduce the inequities in reproductive and child health services in the State.
Key Points:
i.The total cost is Rs 2,857.003 crore, of which World Bank has provided Rs 1999.902 crore.The remaining cost
will be provided by Tamil Nadu State government.
18 | P a g e
ii.The activities under the Programme includes improving quality of care in all government health institutions,
interventions to address quality of care in primary, secondary and tertiary-level facilities, NQAS (National
Quality Assurance Standards) and NABH (National Accredited Board of Hospitals and Healthcare Providers
quality) accreditation of select hospitals and primary health centres.
iii.Deputy Chief Minister (DCM) O. Panneerselvam, TN Health Minister C. Vijayabaskar, Dr. Junaid Kamal
Ahmed, Country Director of India, World Bank participated in the occasion.
About Tamil Nadu:
Governor- Banwarilal Purohit.
State Animal- Nilgiri Tahr.
State Bird- Emerald dove.
Tripura Govt and AAI signed MoU for construction of 6 equipment hiring centers at Tripura
On February 29, 2020 Tripura State Government (govt) and Airport Authority of India (AAI) has signed a
Memorandum of Understanding (MoU) for the construction of the 6 equipment hiring centers in Manu Block,
Dhalai district, Tripura.
Key Points:
i.The project has been taken by the AAI as part of its Corporate Social Responsibility (CSR) scheme and the
project will benefit 6000 families.
ii.The equipment hiring centers consists of equipment related to agriculture, animal husbandry & fisheries and
the equipment will be rented to the needy farmers, Self Help Groups (SHG) & to other needy at a minimal cost.
About Tripura:
Capital- Agartala.
Chief Minister (CM)- Biplab Kumar Deb.
Governor- Ramesh Bais.
State Bird- Green imperial pigeon.
State Animal- Phayre’s leaf monkey.
State Tree- Agar (Aquilaria malaccensis).
19 | P a g e
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Current Affairs March 3&4, 2020

National Chambal Sanctuary in Madhya Pradesh received eco-sensitive zone tag

Agreement between the Government of India and

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Project Agreement between Rakhine State

Project Agreement between Rakhine State

Project Agreement Between Ministry of Social

Sunil Kumar U Than Zaw Director

MoU between the Ministry of Communications, Anshu Prakash,

MoU for cooperation in the field of health research

India attaches highest priority to its partnership with Myanmar

• Seizures of methaqualone in the country decreased to 99 kg in 2018, compared with 124 kg in

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Paytm Insurance Broking secures brokerage licence from IRDAI

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SCIENCE & TECHNOLOGY

Flow Diverter Stent

World Hearing Day was observed on March 3, 2020

About WHO (World Health Organisation):

• GA Questions Asked in IBPS Clerk Mains Exam 2020 – 90% Questions

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