One liners 8th March

• Brandix India Apparel City (BIAC) India’s partner P. Doraswamy was conferred with ‘The Women on A Mission Award’.

• The Prime Minister’s Science, Technology and Innovation Council (PM-STIAC) have identified nine national missions to address major scientific challenges to ensure India’s sustainable development.

• The Defence Ministry announced that permanent commission will be granted for Women in all the 10 branches of Indian Army. The extension of Permanent Commission to Women will provide women with a career in the Army till their retirement.

• A commute-planning app “ONE Delhi” was launched by Kailash Gahlot, Transport Minister of Delhi. The app offers facilities such as: Obtaining the estimated time of arrival for buses and metros.

• State Bank of India (SBI) and Hitachi Payment Services Pvt Ltd, a wholly-owned subsidiary of Hitachi Ltd, launched their merchant-acquiring joint venture, SBI Payment Services Pvt Ltd (SBIPSPL), for establishing a digital payments platform for India and other countries in the region, in Mumbai.

• The Ministry of Environment, Forests and Climate Change (MoEFCC) has amended the Hazardous and other Wastes (Management and Transboundary Movement) Rules, 2016 to completely ban the import of solid plastic waste.

• National Housing Bank (NHB), a mortgage sector regulator and a fully owned subsidiary of the Reserve Bank of India (RBI) has decided to impose stricter regulations on the Housing Finance Companies (HFCs) to prevent them from falling prey to liquidity and credit risks.

• Singapore’s government’s investment arm GIC Pvt Ltd will subscribe to shares worth ₹5,000 crore as part of Airtel’s plans to raise ₹25,000 crore through rights issue. Singapore’s Singtel also committed to buying ₹3,750 crore worth Airtel stock.

• While India (USD 0.26) topped the scale of cheap mobile data, Kyrgyzstan (USD 0.27), Kazakstan (USD 0.49), Ukraine (USD 0.51) and Rwanda (USD 0.56) completed the top five countries offering the cheapest data packs.

• The Organisation for Economic Co-operation and Development (OECD) has reduced the world economic growth forecasts for the year 2019. OECD has cut its 2019 forecast for global economic growth to 3.3% for the current year, down from 3.5% it predicted earlier.

• Kaja Kallas is the leader of country’s Reform Party. The Reform party beat the current prime minister Jüri Ratas’ lead Centre party, gaining 4 new seats in the parliament. Estonia also elected their first female president Kersti Kaljulaid in 2016.

• The World Bank decided to provide a loan of Rs. 2200 crores ($328-million) to Andhra Pradesh for implementation of the AP Health Systems Strengthening Project (APHSSP). The loan agreement was signed between the Government of India, government of Andhra Pradesh and the World Bank.

• The Finance Ministry has announced the rollout of a new ₹20 coin shaped like a “dodecagon”, a 12-edged polygon. The new coin will be heavier than all the existing coins at 8.54 grams.

• International Women’s Day is celebrated across the world on March 8. The United Nations began celebrating International Women’s Day in the International Women’s Year, 1975. Official UN

• Odisha Chief Minister Naveen Patnaik launched the scheme ‘Mukhyamantri Karigar Sahayata’ for financial assistance to craftsmen. The nodal department of the scheme is the Directorate of handicrafts.

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