Current Affairs Daily Updates: 06 March 2018

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Current Affairs Daily Updates: 06 March 2018
India wins Snooker World Cup 2018:
  • India beat Pakistan by 3-2 in the best of five final.
  • India has won the inaugural Snooker World Cup in Doha, Qatar.
Viswanathan Anand Wins Tal Memorial Rapid Chess Title
  • World rapid champion Viswanathan Anand annexed the Tal Memorial rapid chess title in Moscow, Russia after an easy final round draw against Boris Gelfand of Israel.
  • His solitary loss came at the hands of Shakhriyar Mamedyarov of Azerbaijan in the third round.
Angela Merkel becomes German Chancellor for the 4th time
  • Angela Merkel has become the German Chancellor for the 4thterm after the Social Democratic Party voted for the grand coalition with the Merkel’s Christian Democratic Union.
Marshall Islands to launch world-first digital legal tender
  • The Marshall Islands in the Pacific Ocean is set to become the first country in the world to recognize cryptocurrency as its legal tender and adopt transparent cryptocurrency as its legal tender and adopt the transparent crypto monetary system.
  • The parliament of the island has passed a law to create the digital currency call called “Sovereign” with symbol SOV to raise some hard cash to pay bills and boost the economy.
  • The Marshall Islands is partnering with Israeli fintech startup Neema to launch its SOV.
  • It will have equal status with US dollar as a form of payment.
  • SOV issued by the Marshall Islands will be different from other cryptocurrencies including bitcoin because it will be officially recognized by law as legal documents.
Myanmar puts off border agreement with India
  • Myanmar has indefinitely deferred signing agreement with India to streamline the free movement of people within 16 km along the open border between two countries.
  • It has cited domestic compulsions and has asked for more time for the agreement to be sealed.
  • Background India and Myanmar share 1,643 km unfenced border along four states viz. Arunachal Pradesh (520 km), Nagaland (215 km), Manipur (398 km) and Mizoram (510 km) and permit free movement regime.

Namaste Shalom- Magazine On India-Israel Relations Launched
  • The Union Minister of State (I/C) of the Ministry of Development of North Eastern Region (DoNER), Dr Jitendra Singh, launched the social media of “Namaste Shalom”, a magazine on India-Israel relations.
  • The magazine ‘Namaste Shalom’ is edited by Tarun Vijay, former MP.
International Yoga Festival Held In Rishikesh
  • Uttarakhand Chief Minister Trivendra Singh Rawat inaugurated the week-long 29th annual, world-famous International Yoga Festival (IYF) in Rishikesh's Parmarth Niketan.
  • The IYF offers daily classes from 4 a.m. until 9:30 p.m. with more than 80 revered saints, Yogacharya, presenters and experts from nearly 20 countries around the world.
Iraq overtakes Saudi Arabia as Indias biggest Oil Supplier
  • Iraq overtook Saudi Arabia to become India’s top crude oil supplier by supplying 38.9 million tonnes (MT) crude oil in the current financial year.
  • It was fifth of India’s oil needs. India is 80% dependent on imports to meet its oil needs. India had imported 184.4 MT of crude oil during April.
  • Saudi Arabia traditionally has been India’s top oil source but Iraq dethroned it. Saudi Arabia supplied 30.9 MT of crude oil in first 10 months.
Indian Military Ranked 4th Strongest In World, USA Tops
  • Out of 133 countries, India is ranked fourth on a global index for its military strength, only the United States, Russia and China are ranked above India on the list, according to the latest report of the Global Firepower index 2017.
  • Neighbouring Pakistan is ranked 13th. India maintained its position above France in the top five military powers in the world.
  • The Indian Army is equipped with 4,426 combat tanks, 6,704 armored fighting vehicles, and 7,414 towed artillery guns, as per the list.
  • The Top 5 countries in the list are-
    • 1. The USA,
    • 2. Russia,
    • 3. China,
    • 4. India,
    • 5. France.
SubhashGarg Committee to regulate Fintech Sector
  • The Union Government has set up 8 member committee to consider various issues related to the development of Financial Technology (Fintech) sector in India.
  • The committee will be headed by Economic Affairs Secretary SubhashGarg.
Five thousand Six Crore Sanctioned Under Swadesh Darshan Scheme And Rs. 687.92 Crore Under PRASHAD Scheme
  • A total amount of Rs. 5638.87 crore was sanctioned with the release of Rs. 2148.17 crore since 2014-15 till date under the Swadesh Darshan Scheme of Ministry of Tourism.
  • Under the Swadesh Darshan scheme, thirteen thematic circuits have been identified for development.
  • Meanwhile, under the PRASHAD scheme, 23 projects have been sanctioned to 15 States for a total amount of Rs.687.92 crore with the release of Rs.241.28 crore since 2015-16 till date.
  • The main objective of the ‘National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) is of holistic development of identified pilgrimage and heritage destination.

ShatrughanSinha wins Lifetime Achievement Award in UK
  • Actor-politician ShatrughanSinha has been honored with the lifetime achievement award for his contribution to the field of arts and politics in United Kingdom.