11 March

current affairs
Kalam Vision Academy
Schemes / Acts

Govt makes passport mandatory for taking bank loans of Rs. 50 crore
and above
 For all existing loans of over 50 crore rupees, banks have been
asked to collect passport details of borrowers within 45 days.
 Last week, the Cabinet has approved the Fugitive Economic
Offenders Bill to impound and sell assets of escapees with a view to
quickly recover dues.
 The proposed law will also apply to defaulters who have an
outstanding of Rs 100 crore or more and have escaped from the
country.

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Bilateral Relations

India, France sign pact for mutual recognition of educational

qualifications
 India and France have agreed to mutually recognize academic
qualifications to help students.
 First high level ‘India-France Knowledge Summit 2018’ held at
Pravasi Bharatiya Bhawan in New Delhi on Saturday.
 A new initiative called ‘Study in India’ to be launched to attract
more students from other countries to India.
 Total 14 MoUs/Agreements signed during the State Visit of President
of France, Emmanuel Macron’s to India (March 10, 2018)

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Schemes / Acts

Indian Renewable Energy Development Agency (IREDA) & European

Investment Bank (EIB) sign Euro 150 million Loan Agreement for
Renewable Energy Financing in India
 More than 1.1 million households are expected to benefit from
clean energy produced with these funds.
 Note – India’s renewable enrgy target is 175 GW by 2022.

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Events

1st commercial flight of Spicejet lands successfully at Pakyong airport

in Sikkim
 It is the first time that a commercial flight has made a successful
landing at the Pakyong Airport.
 It will pave the way for further booming of tourism along with all
round development in the state.

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Appoinetments / Person in news

Suresh Prabhu gets additional charge of Civil Aviation Ministry

 Commerce and Industries Minister Suresh Prabhu has been
assigned the additional charge of the Civil Aviation Ministry.
 The post had fallen vacant after President Ram Nath Kovind
accepted the resignation of Telugu Desam Party's Ashok Gajapathi
Raju.

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Defense

Ex samvedna - Multilateral air Exercise (MAE) from 12-16 Mar 18

 It is conducted by Southern Air Command (SAC)

 ‘Samvedna’ means ‘Empathy’ and will ensure better understanding
and sharing of response procedures between a number of friendly
neighbouring nations.
 Air Forces of Bangladesh, Sri Lanka, UAE and Myanmar have
already committed resources and personnel for the exercise.
 Few other Air Forces from the region are also expected to join in.

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Sports

Australia beat England to lift Sultan Azlan Shah cup for the 10th time
(in Malaysia)
 Also, Australia is the current World champions in Hockey
 Australia have now won the prestigious tournament for the 10th
time.
 Argentina finished third after beating Malaysia 3-2.
 India finished fifth in the six-nation tournament.

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