1. 5th April : National Maritime Day
i. As we all know that 5th April is marked as the National Maritime Day of India to commemorate the sailing of India’s first steamship Loyalty on April 5th 1919 from Mumbai to London.
ii. But from 1964 the day has been observed as National Maritime Day and all major ports observe this day celebrating India’s seafaring traditions and journeys.
iii. Since the dawn of history Indians have participated in international sea-borne commerce. The advent of Europeans opened India’s coasts for trade and commerce. After Independence Indian shipping began to progress at a rapid pace.
iv. The Indian Navy, which is responsible for guarding the country’s shores and protecting our shipping in times of war, has also considerably expanded and strengthened into a potent force.
v. India has about 7516 kilometres of coastline serviced by a total of 182 ports, 12 of them under a special status as Major Ports being under the purview of the Central Government. 70 other ports termed as minor ones come under the jurisdiction of the respective State Governments. Ennore in Tamil Nadu has been declared as the 12th Major Port.
2. First Bi-monthly Monetary Policy Statement, 2016-17
i. Reserve Bank of India (RBI) today cuts the Repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5% in its first bi-monthly monetary policy review for the 2016-17 fiscal and kept the Cash Reserve Rate (CRR) unchanged.
ii. Repo Rate is the rate at which banks borrow from the central bank. One basis point is one hundredth of a percentage point. The repo rate now stands at 6.5%, the lowest it has been since March 2011. With this, Home, auto and other loans are set to become cheaper.
iii. However, the RBI cut the reverse repo, or the rate at which banks park excess funds with the central bank, to 6%, narrowing the policy corridor between the repo and reverse repo by 50 bps, bringing the marginal standing facility (MSF) rate to 7.0%.
iv. But the CRR has been kept unchanged at 4.0 per cent of net demand and time liabilities (NDTL).
v. Stating the inflation objectives to be closer to reality and price-rise will hover around the 5 per cent mark during current fiscal, Rajan reaffirmed that the monetary policy will continue to remain accommodative to address the growth concerns. And The RBI, projected the GDP growth around 7.6% for FY 2017.
3. India's Fastest Train "Gatiman Express" Flagged Off From Delhi To Agra
i. Gatiman Express, India's fastest train is flagged off from Delhi to Agra. Railway Minister Suresh Prabhu flagged off the much-awaited Gatiman Express for Agra from Nizamuddin Railway station today.
ii. The Nizamuddin-Agra Gatiman Express is the first semi-high speed service in railways and will run at a speed of 160 km per hour, covering the 188 kilometer distance in 100 minutes.
iii. The train will run six days a week except Friday in both directions. It will start journey from Nizamuddin at 8.10 AM and will reach Agra at 9.50 AM. In the return direction, train will depart from Agra at 5.50 PM to reach Nizamuddin at 7.30 PM.
iv. The Gatiman Express train comprises two executive AC chair cars and eight AC chair car coaches. The fare for an AC chair car seat is set at Rs 750 and that for an executive AC chair car seat at Rs 1,500.
v. The Gatimaan’s coaches have been built at Kapurthala Railway Coach Factory in the Punjab and bio-toilets developed by the Defence Research and Development Organisation (DRDO). The cost of train is around Rs 50 crore.
4. India’s first Cash Giving App ‘CASHe’ Launched
i. India's first cash giving app has launched by a fin-tech company called Tslc Pte Ltd. The app is named as CASHe.
ii. This new application is very helpful and provides users a personalized experience to borrow cash anytime, anywhere within minutes for their needs.
iii. CASHe was launched in Mumbai with Bollywood’s rising star Arjun Kapoor joined by CASHe’s eminent Board of Advisors comprising Dr. Rakesh Mohan, Former Deputy Governor of RBI and Director IMF and Yezdi Lashkari, tech thought leader unveiling the product.
iv. You can enjoy simplified borrowing experience with CASHe. The loan is disbursed by One Capitall Ltd. An RBI – registered NBFC only.
v. You will get convenient 15-day loan for a one-time processing fee. There is no other hidden costs, no painful paper work and no human interaction. The app best for young professionals between 20-35 years old. With this app you can avail of a loan of up to 40 percent of their monthly income instantaneously at a rate of interest on par with credit cards.
5. World's 1st Sanctuary For White Tigers Opens In MP
i. Shivraj Singh Chouhan, the Chief Minister of Madhya Pradesh along with Union Environment Minister Prakash Javadekar and other dignitaries have inaugurated the world's first wildlife sanctuary for white tigers in Madhya Pradesh.
ii. The Safari was inaugurated at Mukundpur in Satna district of Madhya Pradesh.
iii. The first of its kind safari is situated adjacent to the Mukundpur Zoological Park.
iv. It is spread over an area of 25 hectares and has been built at cost of 50 crore rupees.
v. The safari houses three white tigers, including two females named Vindhya and Radha and one male named Raghu.
6. Aadhaar enrollments hit 100 cr.
i. Over 100 crore people, including 93% of the adult population, now have an Aadhaar number.
ii. As per the Telecom Minister Ravi Shankar Prasad, “Aadhaar crossing the 100-crore mark is indeed a momentous occasion will give boost to government’s initiative of bringing a systematic change in the way services, subsidies and benefits will be directly delivered to the deserving masses.”
iii. The Unique Identification Authority of India (UIDAI) had generated 100 crore Aadhaar numbers in five-and half years since the first Aadhaar was issued in 2010.
iv. Aadhaar is a 12 digit individual identification number issued by the Unique Identification Authority of India on behalf of the Government of India.
v. This number will serve as a proof of identity and address, anywhere in India. Aadhaar letter received via India Post and e-Aadhaar downloaded from UIDAI website are equally valid.
7. Internal security chief Tran Dai Quang sworn in as Vietnam's president
i. Tran Dai Quang has sworn in as the ninth President of Vietnam after he was elected by country’s National Assembly.
ii. He succeeds Truong Tan Sang and shall have term of five years.
iii. He was elected as President after he had secured 91.5% votes that is 452 valid votes out of the total 494 members of the unicameral house.
iv. Tran Dai Quang Prior to getting elected as the President of Vietnam, Quang had served as Minister of Public Security of the country from 2011 to 2016.
v. He is a member of the 12th Politburo of the Communist Party of Vietnam and is currently ranked second after General Secretary Nguyen Phu Tr. In August 2011 he was appointed Secretary of the Central Police Party Committee In 1972, he had attended the People’s Police School.
8. Government releases Rs. 25,834 crore to FCI as Food Subsidy
i. The Government has released Rs. 25,834 crore to FCI as Food Subsidy. In addition to this, wage and means advance of Rs. 10,000 crore will be released shortly.
ii. FCI is also raising short term loans from banks upto a maximum limit of Rs. 30,000 crore. Recourse to these loans will be made by FCI as and when required.
iii. Taken together these funds, there will be sufficient resources to manage Rabi procurement which has just started.
iv. In 2015-16, original Food Subsidy allocation was Rs. 97,000 crore which was increased to Rs. 1,12,000 crore at RE stage. This helped to bring down the arrears of subsidy to Rs. 58,650 crore.
v. During 2016-17 also the Government may consider additional food subsidy over and above budgetary provision, if required, towards the end of financial year to further bring down the subsidy arrears.
9. World’s first public dengue vaccination programme launched in Philippines
i. The world’s first public dengue vaccination programme was launched in the Philippines as nurses began injecting the first batch of a million children with a French drug to combat the sometimes deadly disease.
ii. Hundreds of fourth-graders at a public school in metropolitan Manila’s Marikina city were given the first of three shots of Dengvaxia.
iii. The Philippines had the highest dengue incidence in the WHO’s Western Pacific region from 2013 to 2015, recording 200,415 cases last year, according to the Department of Health.
iv. The government is spending 3.5 billion pesos ($98 million) to administer the free vaccines, which it bought at a discounted cost of 3,000 pesos ($85) for three doses for each child.
v. Dengvaxia, developed by the French pharmaceutical company Sanofi Pasteur, obtained its first license in Mexico in December 2015 for use in individuals aged 9 to 45. Regulatory agencies in Brazil, the Philippines and El Salvador followed. But the vaccine is awaiting regulatory reviews in Europe and dozens of non-European countries, as well as prequalification by the WHO.
10. Viswanathan Anand to be feted with Hridaynath Award
i. 5 times world chess champion Viswanathan Anand will be honoured with the Hridaynath Award, which felicitates and recognises successful individuals across the country from various walks of life.
ii. The honour will be a cash award of Rs 2 lakh and a memento.State Governor C Vidyasagar Rao will present the award to the 46-year-old sportsman at an event here on April 12.
iii. The previous recipients of the award include eminent personalities like Lata Mangeshkar, Babasaheb Purandare, Asha Bhosle, Amitabh Bachchan, Hariprasad Chaurasia and A R Rahman.
11. Former Italy coach Cesare Maldini passes away
i. Former Italy head coach Cesare Maldini has passed away at the age of 84.
ii. The former AC Milan defender took charge of the national team in 1996, replacing Arrigo Sacchi, and successfully qualified for the 1998 World Cup.
iii.Maldini played for Milan from 1954 to 1966 and was a star for the club before son Paolo went on to become a legend in his own right. He helped the club win four Scudetti along with their first European Cup in 1963 when they sealed a 2-1 win over Benfica.
iv. At club level, Maldini won 4 Serie A league titles and 1 European Cup with Milan. Internationally, he played for the Italian national team, earning 14 caps and participating in the 1962 World Cup.
v. As a coach, he had a successful career in charge of the Italian Under-21 side, winning the European Under-21 Championship a record three consecutive times.
12. Kenya’s Kotut and Jepkesho win Paris Marathon
i. Kenya’s Cyprian Kotut claimed a double in the French capital within a month when he won this year’s Paris Marathon in personal best of 2 hours, 07 minutes and 13 seconds.
ii. Kotut, the brother to three-time London Marathon champion Martin Lel, overtook Ethiopian Abraha Gebretsadik with three kilometres to go, pumping his pistons past the 40km mark in 2:00:34 to victory.
iii. Defending champion Mark Korir settled second in 2:07:31 as Commonwealth Games marathon silver medallist Stephen Chemlany waylaid Gebretsadik to ensure a Kenyan podium sweep in 2:07:39.
iv. Micah Kogo of Kenya settled fourth in 2:07:43 as Gebretsadik came in fifth in 2:08:05. The 24-year-old Kotut was fresh from Paris Half Marathon last month in 1:01:00. Having recorded a personal best of 59:12 for the half marathon in 2014, Kotut made his marathon debut in Milan in 2015 and finished second in 2:08:55.
v. Kotut became the 12th Kenya to win the race and put his case straight ahead of the national marathon team selection for Rio Olympic Games later this month after London Marathon on April 24.