Current Affairs – March, 2019

Latest Current Affairs March, 2019 with Current Affairs, news summary on current events of National and International importance of March, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

Cabinet approves additional posts in NCLAT

The Union Cabinet has approved the creation of six additional posts in the National Company Law Appellate Tribunal (NCLAT). The proposal involves the creation of three additional posts each for judicial members and technical members in the NCLAT. The creation of additional posts will help meet the mandate provided to NCLAT by the Finance Act 2017, the Companies Act 2013 and the Insolvency and Bankruptcy Code 2016.

National Company Law Appellate Tribunal

National Company Law Appellate Tribunal (NCLAT) was established under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal (NCLT). The current Chairperson of NCLAT is Hon’ble Justice Shri S.J. Mukhopadhaya, former Judge of the Supreme Court.

NCLAT is the Appellate Tribunal for hearing appeals against the orders passed by NCLT under the Insolvency and Bankruptcy Code, 2016 (IBC). NCLAT hears appeals against the orders passed by Insolvency and Bankruptcy Board of India.

NCLAT is also the Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI) – as per the amendment brought to Section 410 of the Companies Act, 2013 by the Finance Act, 2017.

India-Africa Health Sciences Collaborative Platform

India and the African Union have signed an MoU to initiate and strengthen the cooperation in the health sector in a structured and organised manner by establishing the India-Africa health sciences collaborative platform.

Following the deliberations at the first India-Africa Health Sciences Meet in 2016, Indian Council of Medical Research (ICMR) had taken up the mandate to initiate and strengthen the cooperation in the health sector in a structured and organized manner by establishing an India-Africa Health Sciences Collaborative Platform (IAHSP). The MoU signed aims to formalise this partnership by establishing a framework.

The India-Africa Health Sciences Collaborative platform would focus on training and strengthening capacity of health professionals, researchers, regulators and industry staff, support research collaborations for developing preventive tools and improved diagnostics for diseases which are regional priorities in India and Africa.
African Union.

African Union

The African Union (AU) is a continental union consisting of 55 member states located in the continent of Africa. African Union was founded on 26 May 2001 in Addis Ababa, Ethiopia and launched on 9 July 2002 in South Africa. The African Union replaced the Organisation of African Unity (OAU), established on 25 May 1963.

The African Union was established for accelerating the process of integration in the continent to enable it to play its rightful role in the global economy while addressing multifaceted social, economic and political problems compounded as they are by certain negative aspects of globalisation. All UN member states based in Africa and on African waters are members of the African Union.

Advertisement