Current Affairs March 8 2020 PDF by AffairsCloud
Current Affairs March 8 2020 PDF by AffairsCloud
Current Affairs March 8 2020 PDF by AffairsCloud
1|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
2|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
NATIONAL AFFAIRS
Govt approves Companies (Second Amendment) Bill, 2019 with 72 changes to Companies Act
2013; 66 compoundable offences decriminalized
In order to further promote ease of doing Business, the Union Cabinet headed by Narendra Modi has approved
the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013 with a total of 72
changes in its 65 sections. The focuses of these changes are decriminalization of various provisions Act i.e. to
lessen of criminal penalties in relation to certain sections, and to permit direct overseas listing of Indian
corporates.
3|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
Wealth Report 2020: India’s UHNWI population to increase by 73% in 5 years & Ranks 12th;US
tops
On March 5, 2020,According to the “Wealth Report 2020” released by Knight Frank LLP,a leading
International Property Consultant, India had 5,986 UHNWIs (Ultra high-net-worth individuals) in 2019 and
they expected to increase by 73% in the coming 5 years. This will almost double the current count to
10,354.United States (US) topped the Report with 240575 UHNWI’s followed by China with 61,587 & Germany
with 23,078.
UHNWIs are people who are having a net worth of at least $30 million(mn) and above.
Key Points:
i. India, according to Knight Frank, ranks 12th and had 5,986 such individuals in 2019, which is likely to
reach 10,354 by 2024. The number of billionaires in India, on the other hand, is likely to reach 113 by 2024, up
from 104 in 2019.
ii. Amongst asset classes, Indian UHNWIs are most aggressive in equity investment with 72 per cent willing to
invest in this asset class compared to a global average of 29 per cent.
iii.Top 20 fastest growing countries that they measure, six are located in Asia (led by India with 73 per cent
growth), five in Europe (led by Sweden with 47 per cent growth) and three are in Africa (led by Egypt with 66
per cent growth)
4|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
iv.Even though there is a phase of economic slowdown in the world, it does not have much effect on the rich
and 51% of all the ultra high-networth individuals in India witnessed an increase in their wealth.
v.Asia: According to the study, the number of richest people in Asia will rise in the next five years. By 2024, the
number of the richest in Asia will rise by 44 % compared to Europe and the US(United States).
In Asian region regarding growth in UHNWIs, India (73%) is followed by Vietnam (64% growth), China (58%
growth) and Indonesia (57% growth).
vi.Normal condition: According to the report, although the India’s growth is slowing due to the current global
economic crisis, it will also drive strong long-term growth.
Similarly, it is expected that the number of the richest people in India will increase as the total GDP (Gross
Domestic Product ) of the country will reach 7% by 2022.
vii.Reason for the increase in wealth: Major asset investment: India’s richest people is heavily invested in
equity. Indian super-rich invest 29% of their investments in stocks, 21% in bonds and 20% in property
investments.
While, the Asian UHNWIs preferred property investments with 28% asset allocation, followed by 21% in
equities which is closely followed by 19% allocation in bonds.
The survey is based on responses provided during October and November 2019 by 620 private bankers and
wealth advisors who manage over $3.3 trillion of wealth for UHNWI clients spread across 200 countries and
territories.
About Knight Frank LLP:
Headquarters– London, England
Chairman– Alistair Elliott
Knight Frank India CMD– Shishir Baijal
groups of producers/ farmers to the processors and markets through well-equipped supply chains
with modern infrastructure.
• Under this scheme IMAC approved 8 projects of Rs 230 Crore for 8 districts in TamilNadu.
• The project will generate employment for around 8000 people & benefit 32,000 farmers.
ii.Government through MoFPI makes the following efforts to encourage investments in the business
• 100 % FDI permitted under the automatic route in Food Processing Industries.
• 100% FDI allowed through approval routes for trading including e-commerce in respect of food
products manufactured and/or produced in India.
• 100% Income Tax exemption from profit derived activities such as post-harvest value addition
agriculture by FPO’s having annual turnover up to Rs.100 crores.
Gist about PMKSY
The Central Sector Scheme SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-
Processing Clusters) came into effect with the approval of cabinet in May 2017 for the period of 2016-20
coterminous with the 14th Finance Commission cycle. The objective is to supplement agriculture, modernize
processing and decrease Agri-Waste. The scheme has now been renamed as the “Pradhan Mantri Kisan
Sampada Yojana” (PMKSY).
DAY -NULM signed MoU with Amazon for E-Marketing of Products Made by Self Help Groups
across the Country
On March 5, 2020 Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY- NULM)
functions under the Ministry of Housing and Urban Affairs(MoHUA) signed MoU (Memorandum of
Understandings) with Amazon for electronic marketing (e-Marketing) of products made by Self Help Groups
(SHGs) across the Country.
6|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
Key Points:
i.Durga Shankar Mishra, Secretary, MoHUA, added that in the first phase of the e-marketing nearly 2,500
products will be on sale from March 28, 2020.
ii.About 24 states, 40 clusters and 350 SHGs have been enrolled in the 1st phase and has the potential to
generate around Rs 45 crore in the next one year and aims Rs 500 crore turnover in the next 3 years.
iii.By promoting the products made by SHGs, helps in preserving & documenting the unique traditional art and
crafts of different states.
iv.About Amazon Saheli: The Saheli store is a dedicated storefront on Amazon.in to display and sell products
of women entrepreneurs to thousands of Amazon customers across the country.
v.DAY-NULM mission has also signed an MoU with Flipkart in January 2020, for selling the products of women
SHGs on an e-commerce platform.
vi.These collaborations are the key initiatives for the 2nd edition of Shehri Samridhi Utsav to be organized from
March 28 to April 12, 2020.
About DAY-NULM:
• The scheme aims to reduce poverty & vulnerability of the urban poor households by enabling them
to access gainful self employment & skilled wage employment opportunities resulting in an
appreciable improvement in their lives on a sustainable basis.
• Highlights of the scheme: Employment through skill training & placement, Social mobilization &
Institution Development, Subsidy to urban poor, Shelter for urban homeless.
About Amazon:
Headquarters- Washington, United States (US).
Chairman & CEO (Chief Executive Officer)- Jeffrey Preston Bezos.
INTERNATIONAL AFFAIRS
Indian female labour-force participation dropped from 34% in 2006 to 24.8% in 2020: UNGC
Study
In accordance with the United Nations Global Compact (UNGC) India study, India is the only country among
the 153 surveyed countries where the economic gender gap is larger than the political gap. Its female labour-
force participation has declined from 34% in 2006 to 24.8% in 2020.
Key Points:
i.If women participation raised in the labour force same as men then it can boost India’s GDP (Gross Domestic
Product) by 27%.
ii.Globally, 38.7% of employed women are working in agriculture, forestry and fisheries, but only 13.8% of
landholders are women.
iii.To ensure effective changes, Companies need to formulate policies and procedures at par to various life
changes in their employees, including maternity, changing care needs, dual career couples and continuity.
About UNGC
Establishment– 2000
Headquarters– New York, United States (US)
CEO & Executive Director– Ms. Lise Kingo
2020.
ii.During the meet, it was decided that Sri Lanka will lead the science, technology, and innovation sector India
on security, Bangladesh will lead Trade and Investment, Bhutan on Environment and Climate Change,
Myanmar on Agriculture and Food Security, Nepal on People-to-People Contact and Thailand on Connectivity in
BIMSTEC.
iii.Sri Lanka is the Chair of BIMSTEC between 2018 and 2020 and it will hand over the chairmanship to
Thailand by the end of 2020.
iv.Even though Sri Lanka had hosted 3 Working Committee meetings earlier, this summit will be the first one
under the new Administration.
About Sri Lanka:
Capital– Sri Jayawardenepura Kotte.
Currency– Sri Lankan rupee (LKR)
President– Gotabaya Rajapaksa
About BIMSTEC:
Secretariat– Dhaka, Bangladesh
Members– Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, Thailand.
It is an international organisation of 7 nations of South Asia & South East Asia.
8|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
About Paytm:
Founder- Vijay Shekhar Sharma
Senior vice–president- Abhay Sharma
Headquarters– Noida, Uttar Pradesh
Key Points:
i.TCS has proposed to establish an IT/ITeS (Information Technology Enabled Services.) SEZ in Noida, Uttar
Pradesh, over an area of 19.9 hectare at a cost of Rs 2,433.72 crore.
ii.Similarly, DLF has proposed to establish two SEZs in Haryana with an investments worth of Rs 793.95 crore
and Rs 761.54 crore.
iii.The central government has cleared 417 such zones in India, as on November 14, 2019.Of these, 238 zones
are in active state.
About SEZs:
These zones are located within a country’s national borders, and their aims include increased trade balance,
employment, increased investment, job creation and effective administration.
In India, exports from these zones increased by about 14.5 % to Rs 3.82 lakh crore during April-September
2019-20 period as against Rs 7.02 lakh crore in whole 2018-19 financial year.
About TCS (Tata Consultancy Services Limited):
Headquarters– Mumbai, Maharashtra
Chairman– N. Chandrasekaran
About DLF (Delhi Land and Finance) Limited :
Headquarters– Gurgaon, Haryana
Chairman– Kushal Pal Singh
9|Page
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
• Mahindra will own the controlling stakes of 51 per cent, while Ford will own 49 percent stakes in
the new company.
Other appointments:-
• Pankaj Sonalkar will be the chief operating officer of the Joint Venture
• Sachin Arolkar will take charge of the finances and
• Abhimanyu Sen will take charge of Human Resources.
10 | P a g e
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
was suggested by Alexander Mather, 7th standard student and was announced by Nasa’s director of science,
Thomas Zurbuchen at an event in Lake Braddock Secondary School in Burke, Virginia.
About Perseverance: The rover has improved wheel design which is used to collect the samples from the
martian rocks and helps scientists to determine about the ancient microbial life that existed in red planet.
Key Points:
i.Alexander Math will receive an invitation to travel with his family to Cape Canaveral, Florida, US (United
States) to witness the rover begin its journey, when it launches between July 17 and August 5, 2020 & will come
to land in February 2021.
ii.Nasa’s naming competition asked children to submit their favoured name for the Mars 2020 rover began in
August 2019, comprises 4,700 voluntary judges including teachers and space enthusiasts shortlisted nine
names and was asked by the public to vote & select the word through online.
iii.The Perseverance rover will be the 5th exploratory vehicle after Sojourner, Spirit, Opportunity and Curiosity.
About NASA:
Headquarters- Washington, D.C., United States.
Administrator- Jim Bridenstine.
SPORTS
Indian runner Prachi provisionally suspended after testing positive for Oxandrolone
Indian 400-meter runner Prachi choudhary from Uttar Pradesh was tested out of competition and was
provisionally suspended by the National Anti-Doping Agency (NADA) on March 6,2020, for the presence of
anabolic steroid, Oxandrolone.
Sports Authority of India (SAI) announced 1st edition of Under-21 Khelo India Women’s Hockey
League
On March 5, 2020 Sports Authority of India (SAI), in association with Hockey India announced the 1st edition of
the Khelo India Women’s Hockey League Under-21. The tournament will be organized by Hockey India at 3
phases in 3 different venues between March to November 2020.
Key Points:
i.Dates & Venues of 3 phases: The Phase 1 tournament will be held from March 23 to 29, 2020 at the Major
11 | P a g e
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
IMPORTANT DAYS
Jan Aushadhi Diwas 2020 is observed on March 7
The ‘Jan Aushadhi Diwas’ is observed every year on March 7. The aim of this day is to create awareness about
the use of generic medicines. This day also celebrates the achievements of Pradhan Mantri Bharatiya
Janaushadi Pariyojana. The first “Jan Aushadhi Diwas” is celebrated on 7th March 2019.
• On this day Prime Minister Narendra Modi will interact with seven Pradhan Mantri Bharatiya
Janaushadi Pariyojana Kendrasthe, beneficiaries and owners of Jan Aushadhi kendras across the
country through video conferencing from New Delhi.
PM Narendra Modi interacted with the beneficiaries and owners:
• He announced that medicines at these kendras are available at an affordable price (50 to 90 percent
less than the market price) and every month more than one crore people benefit from these centers.
• Establishment of New hospitals, wellness centers and increasing MBBS seats in colleges are the
steps to bring health care within the reach of every citizen.
• He conveyed people not to panic by the rumours over the spread of coronavirus. He suggested
people to follow the traditional Indian way of saying Namaste instead of the usual handshake to
12 | P a g e
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
reduce the chances of transmission of infection. He urged people to consult a doctor in case of any
symptoms rather than taking self-treatments.
STATE NEWS
Lieutenant Governor Girish Chandra Murmu launched Student Health Card scheme for school
children in Jammu and Kashmir
On March 5, 2020, Jammu and Kashmir, Lieutenant Governor Girish Chandra Murmu launched a Student
Health Card scheme for school children aimed to improve the health and overall wellbeing of over 12 lakh
students of government schools.
i.The aim of the scheme is to ensure good health of every school going child & to create awareness among
parents about the benefits of this scheme.
ii.Under the scheme,to ensure good health, regular health checkups for school going children will be made.
iii.The card will carry information about the immunisation record & bi-annual examination of a child, check list
of commonly existing disorders among children & their preliminary diagnostic tools, tabular description of
periodic health profile matrices & a brief description of commonly occurring diseases and ailments among
children.
iv.The scheme was launched during a programme organised by the Directorate of Mid Day Meal, School
Education Department along with National Health Mission today at Teachers Bhavan Jammu.
v.Earlier, Mid Day meal Scheme was launched for the needy school going children so that malnutrition can be
prevented.
About Jammu & Kashmir:
Capital- In Summer- Srinagar, In Winter- Jammu
State Bird– Black-necked Crane
13 | P a g e
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com
Date-Wise Current Affairs PDF
AC GAZE
West Indies skipper Kieron Pollard becomes first player to play 500 T20s
West Indies skipper Kieron Pollard has become the first player in the history of T20 (Twenty20) cricket to
feature in 500 matches during the field against Sri Lanka for the first T20I in Pallekele, Srilanka.Dwayne Bravo
is second in the list followed by Chris Gayle.
14 | P a g e
Report Errors in the PDF - [email protected] Copyright 2014-2020 @ AffairsCloud.Com