One liners 1st March

• TikTok, the fast-growing, Chinese-owned video sharing network, agreed to pay a penalty of $5.7 million to U.S. authorities to settle charges that it illegally collected personal information from children.

• Exercise Sampriti 2019 will be held from 2nd March to 15th March at Tangail in Bangladesh. It will be the eighth edition of the exercise which is hosted alternately by both countries. Joint Exercise ‘Sampriti 2019’ was first held in Assam in 2011.

• Abu Dhabi Investment Authority (ADIA) has committed $500 million to a fund that will be managed by Kotak Investment Advisors Limited. It will target a range of Non-Performing Loan (NPL) opportunities in India.

• Russian Foreign Ministry spokesperson Maria Zakharova announced that, Russia is ready to mediate between India and Pakistan to defuse the recent tensions between the two countries.

• The Cabinet has also approved amendment to the Constitution (Application to Jammu and Kashmir) order 1954 by the way of Constitution (Application to Jammu & Kashmir) amendment order, 2019.

• The Union Cabinet approved the National Mineral Policy 2019 on 28th February 2019. The policy is aimed at bringing about more effective regulation to the sector as well as a more sustainable approach while addressing the issues of those affected by mining.

• The Union Cabinet approved the National Policy on Software Products 2019 that aims to help the industry grow at CAGR of 40% to reach $70-80 billion by 2025 while creating employment opportunities for 3.5 million people.

• India and Brunei signed a pact for exchange of Information and Assistance in Collection with respect to taxes in order to curb tax evasion and tax avoidance in New Delhi.

• Swedish Minister for Health and Social Affairs, Lena Hallengren, who was on a visit to India from 22nd to 25th February 2019, met with Union Health Minister J P Nadda and discussed about Anti-microbial resistance (AMR) which poses a dangerous challenge globally.

• The Union Human Resource Minister Prakash Javadekar launched the STARS scheme on National Science Day that is 28th February. STARS is abbreviated as Scheme for Translational and Advanced Research in Science.

• NITI Aayog’s Atal Innovation Mission (AIM) and software major Adobe have signed a Statement of Intent to collaborate on enhancing digital literacy and creativity skills. Under the agreement, Adobe would implement the Adobe Digital Disha Programme across 100 schools under Atal Tinkering Labs (ATL) initiative.

• The 4th Global Digital Health Partnership Summit being held at New Delhi was inaugurated by the Union Health Minister J P Nadda in the presence of Shri Ravi Shankar Prasad Union Minister of Information Technology.

• The Central Zone Power Distribution Company (CZPDC), Bhopal and West Zone Power Distribution Company (WZPDC), Indore was conferred with the “Saubhagya Award” under Pradhan Mantri Sahaj Bijli Har Ghar Yojana at the National Conference of Energy Ministers by the Union Minister of State for Energy, R.K. Singh.

• Tamil Nadu is the first State in the country to introduce Transcatheter Aortic Valve Implantation (TAVI) in the government sector. The TAVI was launched at the Tamil Nadu Government Multi Super Speciality Hospital (TNGMSSH), Omandurar Estate, in November 2018.

• Raina (8001 runs) achieved this feat when he scored 12 runs for Uttar Pradesh against Puducherry in the Syed Mushtaq Ali Trophy match in Delhi. He is the second Indian player to have played 300 T20s after wicketkeeper MS Dhoni.

• The RBI approved merger of Singapore-based DBS Bank’s Indian unit with its wholly owned local subsidiary, DBS Bank India Ltd. DBS presently operates 12 branches in India as a franchise. DBS was the first bank in India to launch digital-only operations as Digibank in 2016.

• Union Human Resources Development Minister, Shri Prakash Javadekar, launched the “Scheme for Higher Education Youth in Apprenticeship and Skills (SHREYAS)”.

• To promote green fuel in India via a Rs 10,000-crore package, government has reportedly proposed a subsidy of up to ₹2.5 lakh on around 60,000 electric cars in India, whereas hybrid cars may get ₹20,000 over the next three years.

• Punjab government has urged the central government to release Rs 412 crore for the construction of a dam at Makora Pattan on the confluence of Ravi and Ujh rivers in Gurdarpur district by considering it as a national project for stopping India’s river water flow into Pakistan.

• Railway Minister Piyush Goyal announced a new railway zone for Andhra Pradesh. The new railway zone – Southern Coast Railway, which will be headquartered in Visakhapatnam, will be the 18th zone in the country.

• Mahesh Elkunchwar, an eminent Indian playwright, has been chosen for Mahindra Excellence in Theatre Awards (META) Lifetime Achievement Award 2019. The award would be conferred on March 12 during the Mahindra Theater Festival.

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