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Friday, March 25, 2016

Daily Current Affairs 23rd March 2016

DAILY CURRENT AFFAIRS: 23 MARCH 2016
(Daily News India)
Shared By: WWW.DailyGk.IN

1. UNION CABINET APPROVED WORLD BANK’S $1500 MILLION SUPPORT TO SWACHH BHARAT MISSION GRAMIN
i.Union Cabinet  approved the 1500 million US dollar project of World Bank to support Swachh Bharat Mission  Gramin.
ii.It will provide the system for incentivisation of States under the Swachh Bharat Mission Gramin through World Bank credit.
iii.The incentivisation of the States will be done on the basis of their performance
iv.The performance of the States will be checked through certain performance indicators named as the Disbursement Linked Indicators on the basis of :
a.  Reduction in the prevalence of open defecation
b.  Sustaining Open Defecation Free  status in Villages:
c.  Increase in percentage of rural population served by improved Solid and Liquid Waste Management

2. ISRO ESTABLISHED GIRI RADAR SYSTEM AT TIRUPATI
i. The Indian Space Research Organisation established the Gadanki Ionospheric Radar Interferometer near Tirupati in Andhra Pradesh.
ii.It was set up at the National Atmospheric Research Laboratory  which is an autonomous research institute of the Department of Space.
iii. Its main objective is to study the forces from the sun like variation in solar flux, solar flare and magnetic storm on the ionospheric irregularities.

3. DIPP APPROVED 49% FDI UNDER AUTOMATIC ROUTE IN INSURANCE AND PENSION SECTOR
i. The Union Commerce and Industry Ministry has approved foreign direct investment upto 49% in insurance and pension sector will be under automatic route.
ii. FDI above 49% will be subject to approval of the Foreign Investment Promotion Board .
iii.Earlier only up to 26% FDI was permitted through the automatic approval route in insurance and pension sector..

4. RESOLUTION INTRODUCED IN US HOUSE TO BRING INDIA ON PAR WITH NATO ALLIES
i. A resolution aiming to bring India in America’s NATO allies in terms of Defence trade and technology transfer was introduced.
ii. The resolution seeks to formalize:
a. India’s status as a major partner of equal status as US’s NATO allies and closest partners
b.To elevate India’s status in export of defence articles from the US.

5. INDIA POST RELEASES COMMEMORATIVE STAMP ON HAL’S 75-YEAR OF SERVICE
i.India Post has released a commemorative stamp on Hindustan Aeronautical Limited  in recognition of the company’s 75 years of service to the nation.
ii. It is for the first time India Post has issued stamps named ‘My Stamp’ and HAL is the first organisation to feature on it.
iii. The tagline of the customized stamp is ‘HAL: The force behind the forces’

iv.Hindustan Aeronautical Limited is state owned aerospace and defence company based in Bangalore, Karnataka. 

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