DAILY CURRENT
AFFAIRS: 31 MARCH 2016
(Daily News India)
1.
RELIANCE DEFENCE AND ISRAEL’S RAFAEL TO SET UP MISSILE, AIR DEFENCE JV
i. Reliance Defence has inked a pact
with Israel's Rafael Advanced Defence System.
ii. The pact will help India for
specialised areas including air- to-air missiles that will oversee projects
worth USD 10 billion in ten years.
iii. Joint venture company will be
located at Pithampur, Indore in Madhya Pradesh.
iv. The project will have an initial
capital outlay of more than Rs 1,300 crore.
2. P
SUSHEELA MOHAN ENTERS INTO GUINNESS WORLD RECORDS
i. Renowned playback singer P Susheela
Mohan has been recognized by the Guinness World Records and Asia Book of
Records.
ii. She is known for singing the most
number of songs in Indian languages.
iii. She singed 17,695 songs in 12
Indian languages.
3. PM
NARENDRA MODI UNVEILS ASIA’S LARGEST OPTICAL TELESCOPE ARIES AT NAINITAL
i. Asia’s largest and first of its kind
optical telescope Aryabhatta Research Institute of Observational Sciences was
unveiled at Devasthal in Nainital District, Uttrakahnd.
ii. It was remotely activated by Prime
Minister Narendra Modi and his Belgian Pm Charles Michel
iii. Aries telescope was joint
collaborative technological effort between Indian and Belgian scientists.
iv. It will help in the study and
exploration of planets, starts, magnetic field and astronomical debris.
4. 13TH INDIA-EU SUMMIT
HELD IN BRUSSELS
i. The 13th India and European Union
Summit was held on 30 March 2016 in Brussels, Belgium.
ii. In the summit India was represented
by the Prime Minister Narendra Modi.
iii. The European Union was represented
by Donald Tusk at the 13th India-EU Summit
iv. The main issues discussed are:
a.
The leaders endorsed the EU-India Agenda for Action 2020 a concrete
road-map for the EU-India Strategic Partnership for the next five years.
b.
The European Investment Bank agreed to extend 450 million Euros in loan
for the construction of the first metro line in Lucknow.
c.
The EIB gave its nod to set up the Bank’s regional representation for
South Asia in New Delhi.
d.
India-EU Water Partnership to
enhance cooperation on environment issues, including on the ‘Clean India' and
‘Clean Ganga’ flagship programmes.
.
5. EIB
ANNOUNCED LOAN OF 33 BILLION RUPEES FOR LUCKNOW METRO
i. European Investment Bank announced that it will invest 33 billion
rupees for the first metro line in
Lucknow, Uttar Pradesh.
ii. This investment will be EIB’s
largest ever financing in India.
iii. European Investment Bank is the
European Union's bank owned by and representing the interests of the European
Union Member States.
6. ADB
LOWERS INDIA’S GROWTH FORECAST TO 7.4 % FOR 2016-17
i. The Asian Development Bank has
lowered India’s growth forecast to 7.4% from an earlier estimate of 7.6% for
the current financial year.
ii. This is mainly due to the failure
of the government to push through the Goods and Services Tax and the Land and
Labour Reforms.
iii. It also forecasted India is one of
the fastest growing large economies in the world
iv. It also Forecasted India’s gross
domestic product will grow to 7.8% for the fiscal year to March 2018.
