GK Eduwrap – 2nd March 2016

Eduwrap Daily 2nd march

Grab your daily scoop of Current Affairs, from National to International, Sports, Business and Economics. Learn wisely and Gain better with Eduncle’s GK Eduwrap!

 

National – Across the India:

 

1. The multinational Military Exercise Force Eighteen conducted by Indian Army has started in at Pune, Maharashtra.

  • It is a seven days exercise, which will last till 8th March, 2016.
  • Over 300 participants from 18 ASEAN (Association of Southeast Asian Nations) Plus countries are participating in this exercise.
  • Exercise Force Eighteen is the largest multinational ground forces exercise to be conducted on Humanitarian Mine Action (HMA) and Peace Keeping Operations (PKO).
  • It is conducted by India as part of its ambitious Look (Act) East policy and it is one of the largest multi-national military exercises conducted in the country.

 

International – Across the Globe:

 

1. Government of Peru has declared emergency for three weeks after a major oil pipeline burst in the country’s northeast region affecting two rivers Chiriaco and Morona.

  • Beacuse of this over 3,000 barrels of crude oil spilled into the rivers which are the main source of water and food for several indigenous communities in this region.
  • The emergency has declared to warn communities not to eat fish from the polluted waters of these rivers.

 

Awards & Recognition:

 

1. Three British scientists have won a prestigious 2016 Grete Lundbeck European Brain Research Prize (also known as Brain Prize) for giving vital insight how the human brain remembers, learns and navigates.

  • These scientists are Timothy Bliss, Graham Collingridge, and Richard Morris.
  • Grete Lundbeck European Brain Research Prize largest prize for neuroscience in the world, which is bestowed upon one or more scientists who have distinguished themselves by an outstanding contribution to European neuroscience and who are still active in research.

 

Appointments & Resignations:

 

1. Hashim Thaci has been elected as the President of Kosovo by the Parliament of the country in the third round.

  • He will succeed Atifete Jahjaga.
  • He becomes fourth President of Kosovo after the country had unilaterally declared independence from Serbia in 2008.
  • He was the first Prime Minister of Kosovo and was in office from January 2008 to December 2014.

 

2. Vice Admiral Atul Kumar Jain took over as the Chief of Staff of the Visakhapatnam headquartered Eastern Naval Command.

  • He succeeds Vice Admiral Bimal Verma who has been transferred as Commander-in-Chief of Andaman & Nicobar Command at Port Blair.
  • He also has commanded missile corvettes Nirghat, Khukri, missile destroyer INS Rajput and indigenously built stealth destroyer INS Mysore
  • He also served as Director Naval Intelligence (Protocol), Principal Director Staff Requirement at Integrated Headquarters, Ministry of Defence (Navy) and Director Foreign Liaison.
  • He has been awarded with Vishisht Seva Medal (2009) and Ati Vishisht Seva Medal (2015).

 

Economics & Banking GK:

 

1. The International Finance Corporation (IFC), the investment arm of the World Bank has launched its first Uridashi Masala Bonds (Japanese bonds).

  • Masala bonds are rupee-denominated instruments sold only to offshore investors by Indian corporates for raising money from overseas investors. They do not face currency fluctuation risks.
  • These masala bonds were launched to mobilize 30 crore rupees from Japanese retail investors and will be sold to Japanese household investors.

 

2. The International Finance Corporation (IFC), the investment arm of the World Bank has launched its first Uridashi Masala Bonds (Japanese bonds).

  • International Finance Corporation (IFC) is an international financial institution that offers investment, asset management and advisory services to encourage private sector development in developing countries.
  • Masala bonds are rupee-denominated instruments sold only to offshore investors by Indian corporates for raising money from overseas investors. They do not face currency fluctuation risks.
  • These masala bonds were launched to mobilise 30 crore rupees from Japanese retail investors and will be sold to Japanese household investors.

 

Sports:

 

1. Rahul Sachdev has won the first All India Open Invitational Snooker Championship 2016 held at Aurangabad in Maharashtra.

  • Rahul defeated Pushpender Singh of Indian Railways by 5-3 score, In the final match.
  • It was his maiden title and is considered as major breakthrough in his career after winning this title.

 

 

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