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Latest Current Affairs: 29 March 2020

Current Affairs 29th March 2020

Interaction of India with ambassadors and High Commissioners of European and Oceania Countries in New Delhi
Aim: to take economic ties with European and Oceania countries to a next level. Various trade negotiations were also discussed in the session
  • India is the fifth largest exporter for Australia and major exports from India to Australia include refined Petroleum, Business services and Pharmaceutical.
  • Bilateral trade between India and Europe is of USD 130.1 Billion and import and export between the countries has registered double digit growth.
  • Companies from Oceania, have invested around 1034.2 million US Dollars in India market between April 2000 and December 2018.

European Union:
Capital: Brussels
Member: 27 states
President of Council: Donald Tusk
President of the Parliament: Antonio Tajani

$1 Billion used for US-Mexico border Wall: United States
  • The Pentagon, the headquarters of the United States Department of Defence has notified that it has authorized to shift US $1 billion from a military personnel account to establish a new wall of 57 mile and 18 foot high fence at the southern U.S. Mexico border.
  • Department of Defense has authorized the Army Corp of Engineers to begin planning and construction for the project.
  • This wall would prevent illegal migration and drug trafficking from Mexico.


US Navy can used southern ports of Oman
  • The United States Navy has signed an agreement with Oman to use the southern Omani ports which will allow American ships and warplanes to take advantage of omani ports and airports

Oman:
Capital: Muscat
Official Language: Arabic
Sultan and Prime Minister: Haitham bin Tariq Al Said

16th Meeting of India –Canada Joint Working Group on Counter Terrorism
  • The 16th meeting of the Canada-India Joint Working Group on Counter-Terrorism and its Expert Sub-group was held in Ottawa on 26th and 27th March to provide detailed briefings on their respective nation’s counter-terrorism priorities, strategies and legislative frameworks.

Canada:
Capital: Ottawa
Largest City: Toronto
Official Language: English, French
Currency: Canadian Dollar
Prime Minister: Justin Trudeau

Government saturate Rs. 5042 Cr into Bank Of Baroda ahead of the merger
  • The government has decided to saturate a capital of 5,042 crore rupees into state-owned Bank of Baroda ahead of its merger with two other public sector lenders Dena Bank and Vijaya Bank, with Bank of Baroda which would be effective from 1st April 2019.

Bank of Baroda:
Founded: 20 July 1908; 111 years ago
Founder: Sayajirao Gaekwad
Headquarters: Vadodara, Gujrat
Chairman: Hasmukh Adhia
MD and CEO: Sanjiv Chada

PFC: India’s second largest Government owned Financial Firm after SBI
  • After acquiring majority stake in REC Ltd (formerly Rural Electrification Corporation Limited), centre backed Power Finance Corporation (PFC) has become the India’s second largest Govt-owned Financial Firm after State Bank of India (SBI), based on market capitalization.

PFC: Power Finance Corporation
Type
: Public
Founded: July 1986
Headquarters: New Delhi
Chairman and MD: Rajeev Sharma

Short Notes
  • Indian Cricketer Mayank Agarwal appointed as a Brand Ambassador of Aeronutrix’s Fast & Up.
  • Tripura ranks second highest in India in child marriage incidents
  • Global advisory council for AI and Tech Ethics has been launched by Google.
  • Rustom Irani appointed as Hitachi Payment Service’s Managing Director.
  • Hyper local connectivity app “Bhonga” initiated in Mumbai.
  • British Prime Minister tests positive for corona virus.
  • Shilpa Shetty has partnered with Fit India, to provide a 21-day Weight Loss Programme.

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