Daily Current Affairs 02 March 2019: We have collected the latest current affairs for 02 March 2019 that are important for all competitive exams like bank, ssc, ibps, sbi exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs. You can also read the current affairs on our mobile app.
Current Affairs 02 March 2019
PM Modi Announces FY20 as Construction Technology Year
- Prime Minister Shri Narendra Modi inaugurated the Construction Technology India-2019 Expo-cum-Conference in New Delhi on 2nd March, 2019.
- PM announced to observe period beginning 01 April 2019 to 31 March 2020 as Construction-Technology Year.
- The two day Conference has been organised by the Ministry of Housing & Urban Affairs.
- It aims to identify proven, innovative and globally established technologies for use in the Indian context to transform the housing sector.
RBI introduces the Voluntary Retention Route for Investments by FPIs
- The Reserve Bank of India has introduced a scheme named ‘Voluntary Retention Route’ (VRR) to encourage Foreign Portfolio Investors (FPIs) to undertake long-term investments in Indian debt markets.
- It was announced by RBI in October 2018. Click Here to read its basics.
- Here are the major points about the Scheme:
- Opening and Closing Date: Investment under the VRR scheme shall be open for allotment from March 11, 2019. The investment limits under the current tranche shall be kept open till the limits are exhausted or till April 30, 2019 whichever is earlier.
- Investment limits: The aggregate investment limit shall be ₹ 40,000 crores for VRR-Govt and ₹ 35,000 crores for VRR-Corp.
- Retention period: The minimum retention period shall be three years.
- Minimum amount in India: During the retention period FPIs shall maintain a minimum of 75% of the allocated amount in India.
- Who will allot investment limit: Investment limits shall be allotted by Clearing Corporation of India Ltd. (CCIL) on ‘first come first served’ basis.
Government Appoints Hasmukh Adhia as Non-Executive Chairman of BoB
- The former Finance Secretary Hasmukh Adhia has been appointed as the Non- Executive Chairman of state-owned Bank of Baroda (BoB).
- He will serve as part-time Non-Official Director as well as Non-Executive Chairman on the Board of Bank of Baroda for a period of three years with effect from March 01, 2019.
Arun Jaitley Releases Book ‘Mann Ki Baat – A Social Revolution on Radio’
- The Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley, released a book titled ‘Mann Ki Baat – A Social Revolution on Radio’ in New Delhi on March 02, 2019.
- The book comprises of 50 episodes of Prime Minister Narendra Modi’s ‘Mann Ki Baat’ programme with the citizens of India.
- Additionally, the book also contains some of the unknown facets of Prime Minister’s thinking and beliefs related to ‘Mann Ki Baat’, revealed by him to the authors of the book.
2nd Edition of Indian Sign Language Dictionary with Six Thousand Words Launched
- The 2nd Edition of Indian Sign Language (ISL) Dictionary has been launched.
- The ISL Dictionary II is released by Indian Sign Language Research and Training Centre (ISLRTC) under the Department of Empowerment of Persons with Disabilities, Ministry of Social Justice and Empowerment.
- The second edition of the Dictionary consists of 6000 words under the categories of academic, legal, medical, technical and everyday terms.
- The first edition of the dictionary was launched in March 2018 with 3000 words.
DRDO Chairman G Satheesh Reddy Gets Missile Systems Award 2019 by US-based AIAA
- The Chairman of Defence Research Development Organisation (DRDO), G Satheesh Reddy, has been conferred with the 2019 Missile Systems Award by the American Institute of Aeronautics and Astronautics (AIAA) for his contribution in the field of missile systems technology.
- The 55 year old scientist will be awarded the prestigious Missile Systems Award along with Rondell J Wilson, scientist at Raytheon Missile Systems based at Tucson, Arizona, United States.
- The award is presented biennially (in odd-numbered years) for excellence in developing or implementing missile systems technology.
Senior PDP Minister Qazi Mohammad Afzal Passes Away
- Former Jammu and Kashmir cabinet minister and senior Peoples Democratic Party (PDP) leader Qazi Mohammad Afzal passed away after prolonged illness. He was 76.