Latest Current Affairs: 29 March 2020

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Current
Affairs 29th March 2020
Interaction of India with ambassadors and High Commissioners of
European and Oceania Countries in New Delhi
Aim: to take economic ties with
European and Oceania countries to a next level. Various trade negotiations were
also discussed in the session
  • India is the fifth largest exporter
    for Australia and major exports from India to Australia include refined
    Petroleum, Business services and Pharmaceutical.
  • Bilateral trade between India and
    Europe is of USD 130.1 Billion and import and export between the countries has
    registered double digit growth.
  • Companies from Oceania, have invested
    around 1034.2 million US Dollars in India market between April 2000 and
    December 2018.

European Union:
Capital: Brussels
Member: 27 states
President of Council: Donald Tusk
President of the Parliament:
Antonio Tajani
$1 Billion used for US-Mexico border
Wall: United States
  • The Pentagon, the headquarters of
    the United States Department of Defence has notified that it has authorized to
    shift US $1 billion from a military personnel account to establish a new wall
    of 57 mile and 18 foot high fence at the southern U.S. Mexico border.
  • Department of Defense has authorized
    the Army Corp of Engineers to begin planning and construction for the project.
  • This wall would prevent illegal
    migration and drug trafficking from Mexico.

US Navy can used southern ports of
Oman
  • The United States Navy has signed an
    agreement with Oman to use the southern Omani ports which will allow American
    ships and warplanes to take advantage of omani ports and airports

Oman:
Capital: Muscat
Official Language: Arabic
Sultan and Prime Minister: Haitham bin Tariq Al
Said
16th Meeting of India –Canada
Joint Working Group on Counter Terrorism
  • The 16th meeting of the Canada-India
    Joint Working Group on Counter-Terrorism and its Expert Sub-group was held in
    Ottawa on 26th and 27th March to provide detailed briefings on their respective
    nation’s counter-terrorism priorities, strategies and legislative frameworks.

Canada:
Capital: Ottawa
Largest City: Toronto
Official Language: English, French
Currency: Canadian Dollar
Prime Minister: Justin Trudeau
Government saturate Rs. 5042 Cr into
Bank Of Baroda ahead of the merger
  • The government has decided to
    saturate a capital of 5,042 crore rupees into state-owned Bank of Baroda ahead
    of its merger with two other public sector lenders Dena Bank and Vijaya Bank,
    with Bank of Baroda which would be effective from 1st April 2019.

Bank of Baroda:
Founded: 20 July 1908; 111 years ago
Founder: Sayajirao Gaekwad
Headquarters: Vadodara, Gujrat
Chairman: Hasmukh Adhia
MD and CEO: Sanjiv Chada
PFC: India’s second largest
Government owned Financial Firm after SBI

  • After acquiring majority stake in REC Ltd
    (formerly Rural Electrification Corporation Limited), centre backed Power
    Finance Corporation (PFC) has become the India’s second largest Govt-owned
    Financial Firm after State Bank of India (SBI), based on market capitalization.

PFC: Power Finance Corporation
Type: Public
Founded: July 1986
Headquarters: New Delhi
Chairman and MD: Rajeev Sharma
Short Notes
  • Indian Cricketer Mayank Agarwal appointed
    as a Brand Ambassador of Aeronutrix’s Fast & Up.
  • Tripura ranks second highest in India
    in child marriage incidents
  • Global advisory council for AI and
    Tech Ethics has been launched by Google.
  • Rustom Irani appointed as Hitachi
    Payment Service’s Managing Director.
  • Hyper local connectivity app “Bhonga”
    initiated in Mumbai.
  • British Prime Minister tests positive
    for corona virus.
  • Shilpa Shetty has partnered with Fit
    India, to provide a 21-day Weight Loss Programme.

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