Daily Current Affairs Short Updates: March 29, 2017

Daily Current Affairs Short Updates for March 29, 2017 with important tid-bits on current affairs

National Current Affairs

Government launches grievance redress platform MoPNG e-Seva

The Union Ministry of Petroleum and Natural Gas has launched MoPNG e-Seva, a grievance redressal platform for the customers regarding to petroleum and gas sector. The platform will handle queries received on the official handles of Petroleum Ministry, Petroleum Minister and MOPNG eSeva. The queries will be addressed on real-time basis 24/7 by a team of nodal officers from the Oil Companies and Allied Services. For quick intervention and resolution of complaints, the consumers can send their query or feedback with compulsory information either on any of the following Facebook page, Twitter handle of MoPNG e-Seva.

International Current Affairs

Britain launches process for leaving EU

Britain has formally launched the process for leaving the European Union (EU). Britain will become the first country ever to seek departure from the European Union since its formation 60 years ago. British Prime Minister Theresa May will now trigger Article 50 of the bloc’s Lisbon Treaty, nine months since UK’s referendum vote to leave the EU. This means that Britain is set to leave in 2019. British PM already has signed the Brexit letter to be delivered to European Union President Donald Tusk.

US signs executive order to roll back Obama’s climate change measures

US President Donald Trump has signed an executive order to roll back his predecessor Barack Obama’s climate change measures. The order was issued in order to lift the restrictions on American energy, to reverse government intrusion and to cancel job-killing regulations. The Executive Order directs all agencies to conduct a review of all regulations, rules, policies and guidance documents that put up roadblocks to US’s domestic energy production.

Banking, Business and Economy

Karnataka Bank launches MoneyPlant RuPay International Platinum Debit Card

The Karnataka Bank has launched MoneyPlant RuPay International Platinum Debit Card to provide more privileges to its premium & High net worth individual (HNI) customers. This card can be used for domestic as well as international cash withdrawal and purchase transactions. It has superior features and privileges such as enhanced withdrawal limits, Personal Accident Insurance Coverage of Rs. 2 lakh, Two Free lounge access per quarter across 300+ airports worldwide and 30+ airports in India, Fuel surcharge waiver, Utility bill cash back offers & various other merchant offers.

SBI launches Unnati Credit Card to spread credit inclusion

SBI Card, subsidiary of India’s largest lender SBI has launched the Unnati Credit Card to spread credit inclusion among masses. The card targeted at all SBI customers, including the Jan Dhan Yojana account-holders across the country. It also aims to target new users of credit cards, those who do not have a credit history. Any SBI customer having balance of at least Rs 25,000 in the savings account is eligible for the Unnati credit card.   SBI Card is joint venture between the State Bank of India (SBI) and GE Capital, the financial services arm of the US-based General Electric (GE). It was incorporated as SBI Cards and Payment Services Private Limited, SBI Card in October 1998. It is headquartered in Gurugram, Haryana.

Amazon makes entry in UAE by acquiring Souq.com

US based e commerce giant Amazon has made its entry in United Arab Emirates (UAE) by acquiring Souq.com. The deal’s specific value was not disclosed but according to analysts it is estimated anywhere between $650 million to $1billion. This acquisition brings Amazon into a fast-growing market as it expands into a wide range of services. Souq.com is based in Dubai and is the largest e-commerce platform in the Arab world offering more than 400,000 products such as consumer electronics, fashion products, and household goods.

Persons in News

Eminent jurist Tehmtan R Andhyarujina passes away

Senior Advocate and eminent jurist Tehmtan R. Andhyarujina (84) passed away. He had served as Solicitor General of India from 1996 to 1998. He practiced law for six decades and was widely regarded for his expertise in a branch of constitutional law relating to parliamentary privileges. He authored “The Kesavananda Bharati Case: The untold story of struggle for supremacy by Supreme Court and Parliament “about the landmark Judgment in Kesavananda Bharati Case (1973) in which he also had appeared.

Sports Current Affairs

Lionel Messi banned from next four competitive internationals

Argentina forward Lionel Messi (29) was banned from their next four competitive internationals for swearing at a match official. The ban will start with the World Cup’s qualifier in Bolivia. Messi had directed insulting words at an assistant referee during the 1-0 win over Chile. Now, he will play in only one of Argentina’s remaining five World Cup qualifiers. He will also miss games away to Uruguay and home to Venezuela and Peru. He will be eligible again when Argentina in match against Ecuador to be held in October 2017.

Satwiksairaj Rankireddy, Chirag Shetty win Vietnam Open International challenger badminton title

India’s badminton pair Satwiksairaj Rankireddy and Chirag Shetty has won $20,000 Vietnam Open International challenger badminton title in men’s double category. In the final match held at Hanoi, Indian pair defeated Thai duo of Trawut Potieng and Nanthakam Yordphaisong in three games set by 17-21, 21-9, 21-15 score.

Events & Observances

First Houston India Conference held in US

The first-ever Houston India Conference was hosted by Asia Society Texas Centre in Houston, United States from March 24, 2017. The theme of 2-day conference was ‘Make in India -The Inside Story’. It was designed to bring together the various constituencies having common interest in India and discuss with them the latest developments and best practices of doing business in India. The prime focus of the conference was to provide a collaboration platform and share India present growth story with people in Texas who are interested to invest in India.

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