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Current Affairs March 6, 2020

Current Affairs Headlines: March 6, 2020
1. MCA introduced LLP settlement Scheme, 2020 to allow one-time condonation of delayed filing of
required documents with ROC
2. SC allows trade in cryptocurrency by rejecting RBI 2018 circular
3. Overview of Cabinet approvals on March 4, 2020
4. Cabinet clears MoU between India and Côte d’lvoire on cooperation in the health sector
5. 5th edition of India Pharma & India Medical Device 2020 Conference held at Gandhinagar,
Gujarat
6. MHA approved automated facial recognition system (AFRS) for identification of bodies, missing
children, criminals
7. 70% reduction in insurgency incidents, 80% drop in civilian deaths and 78% decline in security
forces casualties in 2019 as compared to 2013: Shri G Kishan Reddy
8. Govt aims to replace all level crossings on NH with Over/under Bridges under the Setu Bharatam
scheme
9. India & US signed Rs 1200 crore deal for missile protection suites for new Boeing-777 VVIP
planes
10. European commission launches global coalition for biodiversity to raise public awareness
11. QS World University Ranking 2020 by subject: US’s MIT topped,IIT Bombay & IIT Delhi ranked
44th & 47th in Engineering & Technology category
12. ICICI Prudential AMC inks pact with Saraswat co-op bank to tap rural market
13. President of India honoured 15 Artists with 61st Annual Lalit Kala Akademi Awards 2020 in New
Delhi
14. Slovenia confirms anti-immigrant party leader Janez Jansa as new Prime Minister
15. RBI Deputy Governor N.S. Vishwanathan resigned ahead of retirement
16. Tribal affairs ministry constitutes committee under NC Saxena on CFR guidelines under FRA
17. Badminton Asia Championships 2020 shifted to Manila from Wuhan
18. Mumbai to host 2023 International Olympic Committee (IOC) session
19. Former UN chief Javier Perez de Cuellar Passed away at 100
20. Janaushadhi Week 2020 being celebrated in India from March 1 to 7
21. Chhattisgarh CM Bhupesh Baghel presents a Rs 95,650-crore budget for fiscal 2020-21
22. Gairsain will be the summer capital of Uttarakhand

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NATIONAL AFFAIRS
MCA introduced LLP settlement Scheme, 2020 to allow one-time condonation of delayed filing
of required documents with ROC
On March 4, 2020, the Ministry of Corporate Affairs (MCA) has introduced a scheme namely “LLP Settlement
Scheme, 2020” for limited liability partnership (LLPs) by allowing a one-time condonation of delay in filing
statutorily required documents with the Registrar of Office (ROC) by exercise of its power u/s 460 of the
Companies Act, 2013.
In simplified language, it means the scheme is providing a three-month window from 16th March, 2020 to 13th
June, 2020 to LLPs for completing overdue or delayed filings of four forms which were due for filing
till 31st October, 2019. Also, the additional fee on these forms is reduced to Rs. 10 from Rs. 100 per day of
delay with upper cap of Rs. 5,000 per form. The four forms are:

Sr.
No Form About Form
Information with regard to limited liability partnership agreement and changes, if any, made
1 Form-3 therein;
Notice of appointment, cessation, change in name/ address/designation of a designated partner
2 Form-4 or partner and consent to become a partner/designated partner
3 Form-8 Statement of Account & Solvency (Annual or Interim) with due date on October 31st every year
Form-
4 11 Annual Return of Limited Liability Partnership (LLP) with due date on May 31st every year
Reason behind the launch of LLP Settlement Scheme, 2020:
Due to applicability of additional fee on late filing, a large number of LLPs have remained non-compliant,
mainly on account of their inability to pay late fees for the cumulative period of delay. This move is one time
opportunity for LLPs to ensure that they make necessary compliance in defaulting LLPs.
Points to be noted
-It should be noted that the scheme will be applicable to LLP which is registered under the Limited Liability
Partnership Act, 2008 which has made default in filing of documents on the due date(s) specified under the LLP
Act, 2008 and rules made there in.
-The defaulting LLPs, which have filed their pending documents till 13th June 2020 shall not be subjected to
prosecution by ROC for such defaults.
-If LLP does not file pending forms till 13th June 2020 then the additional fees would be back to Rs. 100 and it
will have no upper cap.

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About Ministry of Corporate Affairs:

Union minister– Nirmala Sitharaman
Minister of State (Mos)– Anurag Singh Thakur
Registrars of Companies (ROC):
Established in 1956, the Registrar of Companies is an office under the Indian Ministry of Corporate Affairs that
deals with administration of the Companies Act 1956 and Companies Act, 2013. ROC is appointed under Section
609 of the Companies Act.

SC allows trade in cryptocurrency by rejecting RBI 2018 circular

On March 4, 2020, Supreme Court (SC) has lifted ban on trading in virtual currency, cryptocurrency and
bitcoins by cancelling the Reserve Bank of India (RBI) 2018 circular that barred banks from serving companies
dealing in cryptocurrency exchanges. The decision in this regard has been taken by the three-judge Bench
headed by Justice Rohinton Fali Nariman and consisted Justice Shripathi Ravindra Bhat, and Justice V
Ramasubramanian.

• The plea was filed by Internet and Mobile Association of India (IAMAI) challenging RBI’s 2018
circular because the members of IAMAI also include cryptocurrency exchanges.
• IAMAI had claimed that the move of RBI banned legitimate business activity via the virtual
currencies (VCs).
What is RBI’s 2018 circular?
On April 6, 2018, RBI had issued the circular barring RBI-regulated entities from providing any service in
relation to virtual currencies to any person or entity dealing or settling with those. The services include
transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies.
What is Cryptocurrency?
Cryptocurrency is used to move money between bank and a client which usually runs on a blockchain
technology. Blockchain is a type of Distributed Ledger Technology (DLT). DLT uses independent computers aka
nodes to record, share and synchronize transactions in their respective electronic ledgers instead of keeping
data centralized as in a traditional ledger.
About IAMAI
Establishment– 2004
Headquarters– New Delhi
President– Dr. Subho Ray

Overview of Cabinet approvals on March 4, 2020

On March 4, 2020, Union Cabinet headed by Prime Minister (PM) Narendra Damodardas Modi has approved
the following proposals:
Cabinet approves the Foreign Direct Investment policy on Civil Aviation
The Union Cabinet has approved an amended Foreign Direct Investment (FDI) policy on civil aviation which
permits non-resident Indian (NRI) nationals to own 100% stakes of Air India.

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• The present FDI policy permits 100% FDI in scheduled Air Transport Service/Domestic Scheduled
Passenger Airline (Automatic up to 49% and Government route beyond 49%). For NRIs, 100% FDI
is permitted under automatic route in Scheduled Air Transport Service/Domestic Scheduled
Passenger Airline subject to the condition that Substantial Ownership & Effective Control (SOEC)
shall be vested in Indian Nationals as per aircraft rules, 1937.
• It should be noted that Air India has a debt of nearly Rs 58,351 crore (as on March 31, 2019). The
Centre has given ‘in-principle’ approval for its strategic disinvestment and has invited bids from
interested parties with March 17, 2020 as the deadline.

Cabinet approves Mega Consolidation of ten PSBs into four w.e.f. 1.4.2020
The Union Cabinet has approved the mega consolidation of following ten PSBs into four which would be
effective from 1.4.2020.
Amalgamating Bank Amalgamated Bank
Oriental Bank of Commerce (OBC) and United Bank of India (UBI) Punjab National Bank (PNB)
Syndicate Bank Canara Bank
Andhra Bank and Corporation Bank Union Bank of India
Allahabad Bank Indian Bank
Key Points:
-This would result in creation of seven large PSBs with each amalgamated entity having a business of over Rs 8
lakh crore, and five smaller ones. There were 27 PSBs in 2017 and now there would be 12.
-The above amalgamation will be in addition to State Bank of India (SBI), Bank of Baroda (BoB), and Bank
of India (BoI).
-The five smaller PSBs are Central Bank of India (CBI), Indian Overseas Bank (IOB), UCO Bank, Bank of
Maharashtra (BOM), and Punjab and Sind Bank.
Cabinet approves Companies (Second Amendment) Bill, 2019
The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act,
2013. With this approval 72 amendments will be made to the Companies Act.
• As a part of amendments, 23 offences would be recategorised out of 66 compoundable offences
under the Act. Also, 7 compoundable offences would be omitted under the Act.
• It is proposed to remove imprisonment and reduce punishment under the act. Besides, the quantum
of penalty will also be reduced.
• Earlier, the Companies (Amendment) Act, 2015 amended certain provisions of the Act to remove
difficulties faced in implementation of various provisions of the Act.
• The Amendment Bill, inter alia, would enable the listing of Indian companies on stock exchanges in
foreign jurisdictions, which is expected to increase the competitiveness of Indian companies in
terms of access to capital, broader investor base and better valuations. The framework for enabling
such listing under the foreign exchange and securities laws would be finalised by the Ministry of

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Finance in consultation with Ministry of Corporate Affairs, Reserve Bank of India (RBI) and the
Securities and Exchange Board of India (SEBI).

Cabinet clears MoU between India and Côte d’lvoire on cooperation in the health sector
On March 4, 2020, The Cabinet Committee on Economic Affairs (CCEA) Chaired by the Prime Minister (PM) Shri
Narendra Modi has approved a Memorandum of Understanding (MoU) between Ministry of Health and
Family Welfare of the Republic of India and the Ministry of Health and Public Hygiene of the Republic of
Cote d’lvoire on Cooperation in the field of Health.
Key Points:
i.This cooperation agreement includes exchanges and training of physicians, officers, other health professionals
and specialists in the fields of advanced medical technology, nuclear medicine, kidney transplantation, cardiac
surgery, nephrology, hemodialysis, and medical research.

ii.This includes regulation of drugs and pharmaceutical products, Assistance in the development of human
resources and management of health care facilities, medical and health research development, health care
sector and management of health purification including public health services and procurement of generics and
essential medicines and assistance to sources of pharmaceutical supplies.
iii.The agreement also covers the following areas of cooperation
Cooperation and research in the field of HIV/AIDS
Development and improving the techniques and ways for epidemiological surveillance
Exchange & Share of best practices in the field of primary health care, management of hospitals and community
healthcare centers
Enhancing public health and sharing of experiences in medical waste management
Health promotion and disease prevention; Non-Communicable Diseases
Medical Research
Occupational and Environmental Health
iv.A working group will be established in the future to oversee the details of the inspection and cooperation of
the implementation of this MoU.
About Côte d’lvoire:
Capital– Yamoussoukro
Currency– West African CFA franc
Continent– Africa
President– Alassane Ouattara
Prime Minister– Amadou Gon Coulibaly

5th edition of India Pharma & India Medical Device 2020 Conference held at Gandhinagar,
Gujarat
On March 5, 2020 The 5th edition of India Pharma 2020 and India Medical Device 2020 Conference &
Exhibition will be held at Gandhinagar, Gujarat from March 5 to 7, 2020 and the 3 day conference was

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inaugurated by Shri Sadananda Gowda, Chemicals and Fertilizers (C&F) Minister & Shri Mansukh Mandviya,
Minister of State (MoS of C&F) addressed the conference. The conference was organized by the Department of
Pharmaceuticals, Ministry of Chemicals and Fertilizers in association with Federation of Indian Chambers of
Commerce & Industry (FICCI).
Theme of 2020: India Pharma: Meeting Challenges of Affordable and Quality Healthcare
India Medical Device (IMD): Promoting Affordable responsible and Quality Medical Device for Universal
Health Care. The theme encourages innovations to further reduce the cost of quality healthcare for all and a
platform to the global investment community to connect with stakeholders in the Medical Device Sector.

Key Points:
i.The objective of this event is to promote consumer centric manufacturing includes medical electronics,
devices, health diagnostics, & surgical equipments etc., and technology demonstration will be held in the event
to empower Electronics Technology Development and manufacturing base.
ii.TheIndian pharmaceutical market is the 3rd largest in terms of volume and 13th largest in terms of value and
India is the largest supplier of generic medicines globally.
iii.The Medical Devices industry in India is valued at 5.2 billion USD (United States Dollar), which contributes
about 4 to 5% of 96.7 billion USD to the Indian healthcare Industry.
iv.Nearly 200 Pharmaceutical and Medical Devices companies participated in the Exhibition and around 5,000
global pharmaceutical & biotechnology professionals will attend the 3 day Conference.
About Gujarat:
Capital- Gandhinagar.
Chief Minister (CM)- Vijay Ramniklal Rupani.
Governor- Acharya Devvrat.

MHA approved automated facial recognition system (AFRS) for identification of bodies,
missing children, criminals
On March 4, 2020, the Ministry of Home Affairs (MHA) has approved the automated facial recognition system

(AFRS) by the National Crime Records Bureau (NCRB) for better identification of unrecognized bodies,
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missing children, persons and criminals without violating the privacy. To provide this information, AFRS will
use police records and it can be accessed only by law enforcement agencies.
What is automated facial recognition system (AFRS)?
Launched in 2019, AFRS is world’s largest facial recognition system for automatic tracking, identification, and
verification of person from digital images, photos, digital sketches, video frames and video sources by
comparing selected facial features of the image from an already existing image database.
• Currently, the leading face recognition software are Amazon Rekognition; Face Recognition and Face
Detection by Lambda Labs, Microsoft Face API (application program interface); Google Cloud Vision
and IBM Watson Visual Recognition, among others. In China, startup Megvii and AI unicorns like
SenseTime, CloudWalk and Yitu have made facial recognition commonplace in China.
About NCRB:
Establishment– 1986
Headquarter– New Delhi
Works Under– MHA
Director– Ramphal Pawar
About MHA:
Union Ministry– Amit Shah
Minister of State (MoS)- G Kishan Reddy, and Nityanand Rai
Departments– 6: Department Of Border Management, Department Of Internal Security, Department Of Jammu,
Kashmir And Ladakh Affairs, Department Of Home, Department Of Official Language, and Department Of States

70% reduction in insurgency incidents, 80% drop in civilian deaths and 78% decline in
security forces casualties in 2019 as compared to 2013: Shri G Kishan Reddy
On March 4, 2020, According to the Union Minister of State for Home Affairs, Shri G Kishan Reddy there has
been 70% decline in insurgency incidents, 80% drop in civilian deaths and 78% reduction in security forces
casualties in the year 2019 in North East (NE) as compared to 2013.
Key Points:
i.A total of 1,824 surrenders by insurgents in the years between 2014 and 2019.
ii.After an agreement signed by the centre with National Liberation Front of Tripura (Sabir Debbarma) [NLFT-
SD],the group surrendered its 88 cadres in August, 2019.
iii.Then, on 23 January, 2020 , a total of 644 cadres of different outfits surrendered and 1,615 cadres of
different factions of National Democratic Front of Bodoland [NDFB] surrendered on 30 January, 2020 after
signed a pact with different Bodo groups.
About Ministry of Home Affairs(MHA):
Headquarters– New Delhi.
Union minister– Shri Amit Shah.

Govt aims to replace all level crossings on NH with Over/under Bridges under the Setu
Bharatam scheme
On March 4, 2020,The central Government has aimed to replace all the level crossings on National Highways
(NH) by Road Over Bridges / Road Under Bridges under the Setu Bharatam scheme, which is being
implemented by the Ministry of Road Transport and Highways with an aim to ensure safe and smooth flow of
traffic and decrease road fatalities by 50 % by 2020.
Key Points:
i.Setu Bharatam scheme: It was launched by Prime Minister (PM) Narendra Modi on March 4, 2016 to make
all national highways free of railway crossings in order to prevent the frequent accidents and loss of lives at
level crossings.
ii.Objectives: Some of the major objectives of the Setu Bharatam Project were:
The government had identified about 208 Railway crossings,which will be done away with and replaced by Rail

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Over Bridges (ROBs) at an estimated cost of Rs. 10,200 crore. Under this,1500 bridges of the British era (over
50 to 60 years)will be overhauled across India.
iii.Ministry of Road Transport also set up an Indian Bridge Management System (IBMS) at the Indian Academy

for Highway Engineer in Noida,Uttar Pradesh (UP) to conduct surveys and inventions of all the bridges on the
NHs via mobile inspection units.
iv.Feature: Infrastructure plays a pivotal role in the development of any country and India is no exception.
unmanned railway crossings are a key cause of rail accidents in India, with such accidents being more frequent
in rural areas. Hence the government aimed to eliminate of all such crossings targeted before the end of 2020.
About Ministry for Road Transport & Highways:
Headquarters- New Delhi
Union Minister– Nitin Jairam Gadkari

India & US signed Rs 1200 crore deal for missile protection suites for new Boeing-777 VVIP
planes
On March 5, 2020 India signed Rs.1,200 crore deal with the United States to procure the missile protection
suites for two new Boeing-777 VVIP(Very Very Important Person) planes during 2 day visit of US President
Donald Trump to India.The missile protection suites will be code named as ‘Air Force One’ and it will be
expected to arrive India in middle of 2021 to begin VVIP planes.
Key Points:-
i.Boeing-777 VVIP planes acquired for the purpose of President and Prime Minister’s Domestic and
International visits.
ii.The features of self-protection suites includes infrared and electronic warfare countermeasures suites,
countermeasure dispensing systems, and missile warning sensors.
iii.The aircraft will be operated by Indian Air Force pilots trained by Air India, which already maintained four
Boeing 777 planes earlier.
iv.India and the United States also signed contracts for the Navy’s 24 MH60 Romeo Multirole helicopters and
six new Apache attack choppers for the military.

INTERNATIONAL AFFAIRS
European commission launches global coalition for biodiversity to raise public awareness
In view of the crucial UN (United Nations) summit on biodiversity (also known as Convention on Biological
Diversity-COP15) to be held in Kunming, China in October 2020) and on the occasion of the World Wildlife
Day on March 3, 2020, the European Commission has launched a new global coalition for biodiversity
called ‘United for Biodiversity’ in Monaco.

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Key Points:
i.The coalition consists of national parks, aquariums, botanical gardens, zoos, science and natural history
museums from around the world to boost public awareness about the nature crisis.
ii.It also encourages national, regional and local authorities, NGOs (Non-governmental organizations),
businesses, scientists and common man to play their key role in raising awareness ahead of the CoP 15.
iii.This coalition is clear in line with other initiatives and coalitions, such as the High Ambition Coalition led by
Costa Rica.

iv.The institution also pledged to raise their voice for nature by adopting formed United Nations Environment
Programme(UNEP)’s Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES) Global
Assessment finding , which stated that one million species were already at risk of extinction.
v.The 196 Parties to the United Nations Convention on Biological Diversity are expected to adopt a new global
framework to protect and restore nature during CoP 15.
About Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES):
Headquarters– Bonn, Germany
Chair– Ana María Hernández Salgar
It is established to improve the interface between science and policy on issues of biodiversity and ecosystem
services.
About European Commission:
Headquarters– Brussels, Belgium
Jurisdiction– European Union

QS World University Ranking 2020 by subject: US’s MIT topped,IIT Bombay & IIT Delhi ranked
44th & 47th in Engineering & Technology category
On March 5, 2020,According to the Quacquarelli Symonds (QS) World University Rankings 2020 by

Subject, Indian Institute of Technology(IIT), Bombay and IIT Delhi have made it to the top 50 institutes in the

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world for the category of engineering and technology (E&T) and ranked 44th and 47th respectively with a
score of 81.9 and 81.4. While, Massachusetts Institute of Technology (MIT) in Cambridge,US (Unites States)
ranked at top position in the list of E&T category with a score of 98.1. In 2019, IIT Delhi was ranked 61st and
IIT Bombay was 53rd.
Key Points:
i.About the ranking: QS ranked 1,368 academic institutions under 5 broad categories (Arts and Humanities,
Engineering & Technology , Natural Science, Life Sciences and Medicine, Social Sciences and Management)
across 48 subjects and 159 locations.
ii.No Indian institutes are get placed among 100 in the categories of Natural Science, Life Sciences and
Medicine, Social Sciences and Management, Arts and Humanities categories.
iii.India has improved its overall collection in the list of top 100 list with over 26 Indian Higher Education
Institutions making it to the list as against 21 institutions getting ranked in 2019.
Here’s the list of Top 3 & Indian institutes in top 100 in QS World University Ranking 2020 on
Engineering & Technology category
Category : Engineering & Technology
1 Massachusetts Institute of Technology (MIT) 98.1
2 Stanford University 96.3
3 University of Cambridge 94.1
Indian Institutes
44th Indian Institute of Technology Bombay (IITB) 81.9
47th Indian Institute of Technology Delhi (IITD) 81.4
86th Indian Institute of Technology Kharagpur (IIT-KGP) 77.8
88th Indian Institute of Technology Madras (IITM) 77.7
96th Indian Institute of Technology Kanpur (IITK) 76.4
iv.Jawaharlal Nehru University (JNU), which achieved 164th rank in Arts and Humanities in the 2019 QS
Rankings, has improved its position by two places this time at 162nd . However, Delhi University has been
ranked at 231 spot in this category.
v.The University of Hyderabad (UoH) has scored in 25 subjects and ranked in 3 in the QS World University
Subject rankings for 2020. The three subjects in which UoH has won high rankings are: Chemistry 301-350;
Biological Sciences 451-500; and Physics & Astronomy 501-550.
vi.Across all the subjects, QS considered 165 Indian institutions, 502 institutes from UK(United Kingdom),
Germany & France combined, 441 institutes from the United States, and 360 from China, Japan, and South
Korea combined for QS Rankings 2020 by subject.
About QS World University Rankings:
Previous name– Times Higher Education–QS World University Rankings.
The publisher then had collaborated with Times Higher Education (THE) magazine.
First issue– 2004.
Publisher– Quacquarelli Symonds Limited.

BANKING & FINANCE

ICICI Prudential AMC inks pact with Saraswat co-op bank to tap rural market
On March 04, 2020, ICICI Prudential AMC (Asset Management Company), one of the leading mutual fund
investment companies in India, has entered into the partnership with Saraswat Co-operative Bank,an urban
co-operative banking institution, to distribute its products with the latter’s customers base spread across its
280 branches in 6 states..

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Key Points:
i.This partnership will help ICICI Prudential to increase its outreach, especially in smaller villages and cities and
also boost the bank’s over 100-year presence in the country.
ii.It will also help bank’s customers to get the latest products and services like investment options in mutual
fund schemes of ICICI Prudential Mutual Fund.
About Saraswat Co-operative Bank:
Headquarters– Mumbai,Maharashtra
Chairman– Gautam Thakur
About ICICI Prudential AMC:
Headquarters– Mumbai,Maharashtra
Managing Director and CEO– Nimesh Shah

AWARDS & RECOGNITIONS

President of India honoured 15 Artists with 61st Annual Lalit Kala Akademi Awards 2020 in
New Delhi
On March 4, 2020 President of India, Shri Ram Nath Kovind conferred the 61st annual Lalit Kala Akademi
awards 2020 to 15 excellent artists at Rashtrapati Bhavan, New Delhi.

Key Points:
i.Shri Prahlad Singh Patel, Union Minister of State for Culture & Tourism, the Akademi Chairman Dr. Uttam
Pacharne and Shri Yogendra Tripathi, the Cultural Secretary, GoI (Government of India) participated in the
occasion.
ii.Cash Prize: The awardees were honoured with a shawl, plaque and a cash prize worth Rs 1 lakh.
List of 15 awarded artists:
Awardees State
Anoop Kumar Manzukhi Gopi Thrissur, Kerala
David Malakar Kolkata, West Bengal
Devendra Kumar Khare Vadodara, Gujarat
Dinesh Pandya Mumbai, Maharashtra
Faruque Ahmed Halder West Bengal, Kolkata
Hari Ram Kumbhawat Jaipur, Rajasthan
Keshari Nandan Prasad Jaipur, Rajasthan
Mohan Kumar T Bengaluru, Karnataka
Ratan Krishna Saha Mumbai, Maharashtra

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Sagar Vasant Kamble Mumbai, Maharashtra

Satwinder Kaur New Delhi
Sunil Thiruvayur Ernakulam, Kerala
Tejaswi Narayan Sonawane Solapur, Maharashtra
Yashpal Singh New Delhi
Yashwant Singh New Delhi
Other important events:
• 61st National Exhibition of Art and National Kala Mela: Shri Prahlad Singh Patel, Minister of State
for Culture & Tourism, inaugurated 61st National Exhibition of Art & National Kala Mela in New
Delhi.The 61st National Exhibition of Art, 2019-20 will be continued till 22nd March 2020 and the
Kala Mela concludes on 9th March 2020.
• The book named S. Dhanpal, a Lalit Kala Akademi publication, on the eminent artist with the same
name was also launched at the ceremony.
• Shri Anil Baijal,Lieutenant Governor of Delhi, Chairman of Lalit Kala Academy Dr. Uttam Pacharne,
were present on the occasion.
Objective of the National Exhibition of Art, 2019-20:
• Aim to display the works of art of excellence both in terms of material application and aesthetic
appeal.
About Lalit Kala Akademi awards:
• Lalit Kala Akademi organises art exhibitions & award ceremonies annually to promote art as well as
to honour talents.
• The exhibition brings together the works of brilliance across the country & also motivates budding
art talents to learn new tendencies and mediums in the world of painting, sculpture, graphics,
photography, drawing, installation & multimedia etc.,
About Lalit Kala Academy:
The Akademi was inaugurated on August 5, 1954, by former Honourable Minister of Education, Maulana Abul
Kalam Azad and was given statutory authority in 1957, under the Societies Registration Act 1860.
Headquarters- New Delhi.

APPOINTMENTS & RESIGNATIONS

Slovenia confirms anti-immigrant party leader Janez Jansa as new Prime Minister
On 4th March 2020, Slovenia’s lawmakers have approved the Leader of Slovenian Democratic
Party (SDS), Janez Jansa as Slovenia’s new Prime Minister. He will replace center-left Prime Minister Marjan
Sarec, who resigned from his post in January 2020.

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• Janez Jansa (61), led the Slovenian government from 2004 to 2008 and from 2012 to 2013. He has
a close ally of Poland’s Jaroslaw Kaczynski and Hungary’s Viktor Orban.
About Slovenia:
President– Borut Pahor
Capital– Ljubljana
Currency- Euro

RBI Deputy Governor N.S. Vishwanathan resigned ahead of retirement

On March 5,2020, N.S Vishwanathan, one of the Reserve Bank of India’s deputy governors, who is due to retire
on July 3,2020, has announced his resignation due to health problems.

Key Points:
i.He was first appointed as the Reserve Bank’s deputy governor for a three-year term in 2016, following which
he was reappointed one year.
ii.He completed the Master of Economics from Bangalore University, joined RBI in 1981 and his areas of
expertise include regulation and supervision of banks, currency management, foreign exchange,non-banking
finance companies and cooperative banks and human resources management.
About RBI (Reserve Bank of India):
Headquarters- Mumbai, Maharashtra.
Governor- Shaktikanta Das.

Tribal affairs ministry constitutes committee under NC Saxena on CFR guidelines under FRA
The Union Ministry of Tribal Affairs (MoTA) has consituted a committee headed by Naresh Chandra Saxena,
former member of the Planning Commission of India and of the National Advisory Council (NAC), to examine
and recommend Community Forest Resources (CFR) Guidelines under the Forest Rights Act, 2006 (FRA).
• In 2016, CFR guidelines were prepared by MoTA, in consultation with the Union Ministry of
Environment, Forest and Climate Change (MoEF&CC). However, the guidelines faced criticism from
various tribal organisations for being too technical.
• Apart from this committee, MoTA also created 2 committee headed by its former
secretary Hrusikesh Panda.
• One committees will look into the recognition and vesting process of habitat rights of Particularly
Vulnerable Tribal Groups (PVTGs) and the second will submit a report on the seasonal resource
access to nomadic and pastoralist communities.

SPORTS
Badminton Asia Championships 2020 shifted to Manila from Wuhan
On 4th March 2020, Badminton Asia confirmed that Badminton world federation (BWF) has shifted the

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Badminton Asia Championships 2020 to Manila, Philippines from Wuhan, China. It will be conducted
in Manila from April 21 to 26, 2020.
• The Badminton Asia Championship 2020 event is shifted due to the Novel Coronavirus (COVID-19)
outbreak and this championship falls within the Tokyo 2020 Olympic Games Qualification window.
• The Philippine Badminton Association (PBA) successfully hosted the Asia Team Championships
from Feb 11-16 2020, in Manila.
About Philippines:
President- Rodrigo Duterte
Currency– Philippine Peso
About Badminton world federation(BWF):
Established- London (1934)

Mumbai to host 2023 International Olympic Committee (IOC) session

On March 5, 2020 Mumbai will host the International Olympic Committee (IOC) session 2023 as
recommended by IOC Executive Board and the decision will be approved at the 136th IOC session in Tokyo in
July 2020. The IOC session was held in 1983 in New Delhi and the session is going to be held in India after 40
years.
Key Points:
i.The Evaluation Commission had visited Mumbai in October 2019 to study the feasibility of hosting the session
& the board selected Mumbai due to the quality of the facilities at the Jio World Centre, Mumbai, Maharashtra.
ii.The year 2023 will be significant for India as it coincides with the 75th anniversary of Indian Independence.
iii.The event will encourage and support the National Olympic Committee of India and all the National
Federations to promote & strengthen Olympics sports in the country.
About IOC (International Olympic Committee):
Headquarters- Lausanne, Switzerland.
President- Thomas Bach.

OBITUARY
Former UN chief Javier Perez de Cuellar Passed away at 100
On March 4th 2020, former UN Chief Javier Perez de Cuellar passed away in his native Peru due to natural
causes at the age of 100.
About Javier Perez de Cuellar:
• Javier Perez de Cuellar was born on 19th January 1920 in Lima Peru.
• He was the president of the UN Security Council from 1973 to 1974 and Perez de Cuellar served
as UN fifth secretary general from 1981 to 1991. He was often described as a “pacifist by
vocation and nature.”
• He served as the Prime Minister(PM) of Peru from November 22, 2000 – July 28, 2001.
Awards received by Javier Perez de Cuellar:
• 1987 – Prince of Asturias Prize for the promotion of Ibero-American cooperation.
• 1989 – Olof Palme Prize for International Understanding and Common Security by the Olof Palme
Memorial Fund and also Jawaharlal Nehru Award for International Understanding.

IMPORTANT DAYS
Janaushadhi Week 2020 being celebrated in India from March 1 to 7
Janaushadhi week is being celebrated throughout the country from 1st March to 7th March 2020. The main
aim of the week is to provide various activities like health checkup Camp, free doctor consultation, free

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medicine distribution is hosted by Jan Aushadhi Kendras.

Key Points:
• On the fourth day of the event for empowering women, the event was focused on the theme
‘Suvidha Se Sammaan’.
• The “Pradhan Mantri Bhartiya Janaushadhi Pariyojana” initiated by the Department of
Pharmaceuticals, Government Of India to provide quality medicines at an affordable price.
• Under this scheme free distribution of Suvidha Sanitary Napkins were hosted in many places.
Around 50,000 Suvidha Sanitary Napkin packets have been distributed free of cost during the week.

STATE NEWS
Chhattisgarh CM Bhupesh Baghel presents a Rs 95,650-crore budget for fiscal 2020-21
On March 4, 2020, Chhattisgarh Chief Minister (CM) Bhupesh Baghel has presented a budget of Rs 95,650-
crore in the state assembly for 2020-21. Highlights:

Sl.No Items 2019-20 (Budget Estimate in crore) 2020-21 (Budget Estimate in crore)

1 Total Receipts 91,542 96,091

2 Total Expenditure 90,910 95,650

3 Revenue Expenditure 78,595 81,400

5 Capital Expenditure 12,110 13,814

6 Revenue Surplus 1,151 2,431

7 Fiscal Deficit 10,881 11,518

• As per the revised estimate of 2019-20, the subsidy burden of the state is Rs 10,836 crore, which is
about 11 % of the total expenditure.It is also estimated to be around Rs 7,660 crore in 2019-20.
• Three new indoor stadiums will be set up in the state. With this, 11 new auditoriums will be built.
• Three sub-divisions in the state will be made district jail. A provision of Rs 135 crore for
electrification, 25 crore for Anganwadi centers, sports council will be developed in 95 acres area in
Sector 25 of Naya Raipur.
• 25 new tehsil offices will be constructed. Shaheed Smarak will be established in Naya Raipur.
• A provision of Rs 50 crore has been made for a new food park in the state. A provision of 1603 crore
has been made for the Pradhan Mantri Gramin Yojana.

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• Provision of 60 crores for the Chief Minister’s Nutrition Scheme, 13 crores for the healthcare of
those coming to the Haat Bazaar, 20 lakhs for the treatment of critical illness.
• Provision of Rs 2,300 crore “Krishak Jeevan Jyoti Yojana” to provide free power to agri-pumps up to
five Horse Power capacity.
• provision of setting 1176 biogas plants under the Gobar Dhan Yojana costing Rs 450 crore.
• He announced a new scheme,’Rajiv Gandhi Kisaan Nyay Yojana’, to provide good returns to
farmers for agricultural produce with a provision of Rs 5,100 crore.
• ‘Gurukul Vidyalaya’ (residential school) will be set up in Giraudhpuri, the birthplace of spiritual
leader Baba Guru Ghasidas.
• Laboratories for the Internet of Things and robotics will be set up at three engineering colleges and
five polytechnics in the state.
• A provision of Rs 7.20 crore has been made for automated Air Traffic Control (ATC) towers at
Jagdalpur, Ambikapur and Bilaspur airports, while Rs 1 crore is earmarked for construction of air
strip at Baikunthpur, Korea district.
• ‘Shahid Smarak’ (martyrs’ memorial) will be built in Nawa Raipur Atal Nagar in the memory of
Congress leaders and security personnel killed in the May 2013 Jhiram Valley naxal attack, Baghel
announced.
About Chhattisgarh:
Capital– Raipur
Governor– Anusuiya Uikey
Chief minister– Bhupesh Baghel
National Parks– Indravati (Kutru) National Park, Kanger Valley National Park, Guru Ghasi Das (Sanjay)
National Park
Wildlife Sanctuaries– Achanakmar WLS, Badalkhol WLS, Bhoramdev WLS, Sarangarh-Gomardha WLS,
Semarsot WLS, Sitanadi WLS.

Gairsain will be the summer capital of Uttarakhand

On March 5, 2020 Chief Minister (CM) of Uttarakhand Trivendra Singh Rawat announced ‘Gairsain’ as
the summer capital of the state, on the 3rd day of the budget session held in Gairsain, Uttarakhand.
Key Points:
i.The announcement fulfils the long-standing demand of hill people and the people who sacrificed themselves
for the formation of Uttarakhand state.
ii.Those who spearheaded the movement for statehood to Uttarakhand in 1990 wanted Gaisain in Chamoli
district to be made as permanent capital.
About Uttarakhand:
Capital- Gairsain (summer capital), Dehradun (winter capital).
Governor- Baby Rani Maurya.
National Parks- Corbett NP, Gangotri NP, Govind Pashu Vihar NP, Nanda Devi NP, Rajaji NP, Valley of Flowers
NP.

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