1.5th South Asia Region Public Procurement Conference Held in New Delhi
The Fifth edition of South Asia Region Public Procurement Conference was held in New Delhi. It was hosted by Public Procurement Division (PPD) of Ministry of Finance and All India Management Association (AIMA). It was held under auspices of South Asia Region Public Procurement Network (SARPPN), which is sponsored and facilitated by the World Bank, Asian Development Bank and Islamic Development Bank. The theme this edition of the conference was “Public Procurement and Service Delivery”.
The First edition of South Asia Region Public Procurement Conference was held in Kathmandu in 2010, second in Islamabad (2014), third in Dhaka (2015) and fourth in Sri Lanka (2017).
2.Arunachal Pradesh CM Lays Foundation Stone for Rhododendron Park
Arunachal Pradesh chief minister Prema Khandu laid the foundation stone for Rhododendron Park in Tawang. He also carried out plantation drive of different varieties of Rhodos. Tawang is home to 50+ different varieties of Rhodos.
Arunachal Pradesh CM- Prema Khandu, Governor- Brigadier (Rtrd) B D Mishra.
3.First Ever Chat Based Job Search App 'Empzilla' Launched
The first ever of its kind in the country chat-based job search mobile app 'Empzilla' is being launched that will do away with existing limitations of employers and job seekers making selection process quick and cost-effective. The mobile app gets the conversation between employers and job seekers going in seconds and the latter can chat with the potential employers.
4.Dubai Retains Rank as World’s Busiest International Airport in 2017
Dubai International Airport has held on to its No 1 ranking as the world’s busiest airport for international travel, after seeing around 88.2 million passengers in 2017. Dubai International Airport first surpassed London Heathrow as the world’s busiest airport for international traffic in 2014.
Dubai is a city and emirate in the United Arab Emirates.
UAE Capital- Abu Dhabi, Currency- UAE Dirham.
5.Actor John Mahoney Passes Away
Actor John Mahoney passed away after a brief illness in Chicago, the USA. He was 77 years old. He was well-known for playing the title character in the “Frasier” show. He worked in films for nearly 35 years. His important works are “The American President,” “Moonstruck,” “In the Line of Fire,” and “Say Anything”.
6.Rear Admiral Mukul Asthana Takes Over as Assistant Chief of Naval Staff (Air)
Rear Admiral Mukul Asthana, has been appointed as the Assistant Chief of Naval Staff (Air) at New Delhi. He was commissioned in 1986 in the Executive Branch of the Indian Navy. He is a recipient of the prestigious Nausena Medal. He was also conferred with the Tenzing Norgay National Award by the President of India in 2006.
7.Bermuda Becomes 1st Country in World to Abolish Same-Sex Marriage
Bermuda has become the first country to legalise and then repeal same-sex marriage. Bermuda’s governor John Rankin approved a bill reversing the right of gay couples to marry, despite a supreme court ruling last year authorising same-sex marriage.
1.Forbes Releases its First-Ever Cryptocurrency Rich List
Business magazine Forbes has released its first-ever Crypto Rich List, comprising 20 wealthiest people in the cryptocurrency space. The list was topped by Ripple Co-founder Chris Larsen, who is estimated to have a crypto net worth of $7.5-8 billion. He is followed by Ethereum Co-founder Joseph Lubin ($1-5 billion) and Founder of cryptocurrency exchange Binance Changpeng Zhao ($1.1-2 billion).
Forbes- American Business Magazine, Founded in- 1917.
Headquarters- New York City, USA.
2.RBI to Link Base Rate with MCLR
The Reserve Bank of India will link the base rate with the MCLR from 1st of April 2018 to ensure expeditious transmission of its policy rate to borrowers. The RBI had introduced the Marginal Cost of Funds based Lending Rates (MCLR) system with effect from 1st April 2016, the Central bank observed that a large proportion of bank loans continue to be linked to Base Rate.
According to the RBI Deputy Governor NS Vishwanathan, it has been decided to harmonize the methodology of determining benchmark rates by linking base rate to MCLR as it is more sensitive to policy rate signals.