30 March 2017 - Daily Current Affairs

30 March 2017 - Daily Current Affairs

Egyptian President Abdel Fattah el-Sisi re-elected for the second term

  • With 92% of the vote, the Egyptian President Abdel Fattah al-Sisi has been re-elected for a second term.
  • He was elected to a four-year presidential term in 2014.
  • Sisi overthrew Islamist president Mohammed Morsi in 2013 following mass protests against his rule.
Things to Remember:
  • The pound is the currency of Egypt.
  • Cairo is the capital of Egypt.

Banking & Financial Awareness 

RBI fined Rs 58.9 Cr penalty on ICICI Bank

  • The Reserve Bank of India had imposed a monetary penalty of Rs. 58.9 crore on ICICI Bank Limited.
  • The penalty was imposed for violating norms relating to the sale of government securities from the held-to-maturity category of its bonds portfolio.
  • The Central Bank stated this penalty has been imposed in the exercise of powers vested with the RBI under the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to its directions/guidelines.
Things to Remember:
  • There are certain conditions for the business of HTM Securities. Banks can sell 5 percent of HTM securities without any prior permission.
  • After this limit, banks have to seek permission from the Reserve Bank and also have to disclose it in the Annual Report.

SEBI Allows Physical Settlement of Stock Derivatives

  • Securities & Exchange Board of India (SEBI) has allowed physical settlement of both stock options and stock futures.
  • At present only cash settlement of derivatives is allowed.
  • SEBI has accepted most of the recommendations of the Uday Kotak committee, which was set-up to review corporate governance norms of listed companies.
  • Physical settlement in derivatives is nothing but settling of a trade by giving and take of shares rather than cash.
Things to Remember:
  • SEBI Chairman – Ajay Tyagi
  • SEBI headquarters – Mumbai
  • SEBI is the regulator of the capital market.

National Affairs 

Mewat is most backward district: Niti Aayog

  • According to the Niti Aayog Mewat in Haryana is the most backward while Andhra Pradesh’s Vizianagaram is the best-performing district of the country.
  • Niti Aayog released the baseline ranking for 101 aspirational districts based on 49 indicators across five sectors that includes health and nutrition (30% weightage), education (30%), agriculture and water resources (20%), financial inclusion and skill development (10%), and basic infrastructure (10%).
  • Mewat is preceded by Madhya Pradesh’s Singrauli and Telangana’s Asifabad at the bottom of the list.
  • While Chhattisgarh’s Rajnandgaon and Maharashtra’s Osmanabad lie second and third on the top of the table.
  • The total number of districts in the programme is set to go up to 117 when 10 districts of Odisha, five from West Bengal and one from Kerala join.

Cool EMS Service started between India & Japan

  • The Department of Posts had launched Cool EMS Service between India and Japan.
  • It is a one-way service from Japan to India which allows customers in India to import Japanese food items for personal use.
  • At starting this service will be available in Delhi only.
  • All other features like track and trace, etc of Express Mail Service (EMS) will be available for Cool EMS service as well.

Sports 

Darren Lehmann quit as head coach of Cricket Australia

  • Darren Lehmann announced his resignation as head coach of Cricket Australia.
  • In the ball-tampering scandal, Cricket Australia gave a clean chit to the Darren Lehmann for any wrongdoing.
Things to Remember:
  • Cricket Australia slapped one-year bans on Smith and Warner besides announcing a 9-month ban on the 25-year-old opener Bancroft for their involvement in tampering with the cricket ball during the Newlands Test against South Africa.

Important Days

Good Friday being observed today

  • Good Friday, the day commemorating the crucifixion of Jesus Christ, is being observed across the world today. 
  • Prayers and masses have been organised in the Churches and Chapels.
  • On this day, priests narrate the sufferings that Jesus Christ took upon himself for the sake of humanity.

Honours & Awards 

Sreekumaran Thampi honoured with J.C. Daniel Award

  • Sreekumaran Thampi was honoured with the J.C. Daniel Award.
  • He was honoured for recognition of his sterling contributions to the Malayalam film industry.
  • C. Daniel Award is a top film award of the Kerala government.
Things to Remember:
  • In 1966 Sreekumaran Thampi made his debut with Kattumallika and has written over 1,000-odd melodies.
  • In 2015 he won the Kerala Sangeeta Nataka Akademi award for lifetime contribution to light music and drama songs in 2015.

'Uma' film selected at the top international film festival

  • ‘Uma’ film directed by the Srijit Mukherji's has been officially selected for this year's New York Indian Film Festival and London Indian Film Festival.
  • The New York film fest is scheduled for May 7 and 12 and the London-based event in June.
  • The film has been selected in the "feature category" of the two fests.
  • 'Uma' has been inspired by the story of Canadian boy Evan Leversage, who died of cancer in 2015.
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