Current Affairs: 05 March 2019

Daily Current GK Update

05 March, 2019

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  1. Cabinet Approves ‘Pradhan Mantri JI-VAN Yojana’

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved the ‘Pradhan Mantri Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran (JI-VAN) Yojana’ for providing financial support to the Integrated Bioethanol Projects.

The scheme aims to incentivise the Second Generation (2G) Ethanol sector and support the industry by creating a suitable ecosystem for setting up commercial projects and increasing R&D in this area. The PM JI-VAN Yojana will be supported with the total financial outlay of Rs 1969.50 crore for the period 2018-19 to 2023-24.

Source: – Business Standard


  1. Pranay Kumar Verma appointed as India’s ambassador to Vietnam

Ministry of External Affairs has appointed Pranay Kumar Verma as India’s Ambassador to the Socialist Republic of Vietnam. Pranay Kumar Verma is a 1994 cadre Indian Foreign Services Officer and presently working as the Joint Secretary at Ministry of External Affairs (MEA).

Source: – MEA


  1. ‘Mainamati Maitree Exercise 2019’ between BSF and BGB held in Tripura

Border Security Force (BSF) and Border Guards Bangladesh (BGB) took part in the 3-day ‘Mainamati Maitree Exercise 2019’ as a part of ‘Confidence Building Measures’ between India and Bangladesh held in Agartala, Tripura.

The main objective of this exercise was to plan and conduct anti-smuggling and anticriminal activity related operations with an aim to achieve better joint operational efficiency and border management in the area.

Source: – Indian Express


  1. ‘Jal Amrutha’ scheme launched by Karnataka Government

A water conservation scheme ‘Jal Amrutha’ was launched by Karnataka chief minister H D Kumaraswamy, in Bengaluru. A function was organized by the Rural Development and Panchayat Raj department at Dr. B R Ambedkar Bhavan in Bengaluru.

The scheme plans to make people aware of the importance of conserving water and to prompt them to come up with ways to avoid wastage of water. The state government has declared 2019 as the Year of Water.

Source: – The Hindu


  1. AIIB approves USD 455 million loan for the Andhra Pradesh Rural Roads Project

A loan agreement of USD 455 million was signed between the Asian Infrastructure Investment Bank (AIIB) and the Government of India for financing the Andhra Pradesh Rural Roads Projects.

These projects will connect 3,300 habitations with a population of more than 250, and benefit around 2 million people. It is the third project in Andhra Pradesh signed by the AllB after two projects in Power Sector and Water Sector.

Source: – Business Standard


  1. Gram Samridhi Yojana: new scheme to help unorganised food processing sector

Gram Samridhi Yojana, a Rs 3,000 crore scheme funded by the World Bank and the Government of India, is being worked upon by the Ministry of Food Processing Industries in order to strengthen the unorganised food processing sector concentrated in rural areas.

NITI Aayog has given its approval to the scheme. World Bank will be giving Rs 1,500 crore, Rs 1,000 crore will be borne by the Centre while state governments will put in Rs 500 crore. The scheme will be run in Uttar Pradesh, Andhra Pradesh, Maharashtra and Punjab for a 5-year period in the initial phase and thereafter in other states of the country.

Source: – Economic Times


  1. Haryana government announces Mukhyamantri Parivar Samman Nidhi scheme

‘Mukhyamantri Parivar Samman Nidhi’ scheme was launched by Haryana Chief Minister Manohar LalKhattar in Chandigarh. It is primarily meant for farmers of the state who cultivate on land with areas up to 5 acres and the families with an income of less than Rs. 15,000 per month. The scheme would provide a sum of Rs. 6,000 yearly and each family has to nominate a member who will be provided with this amount.

The scheme involves two categories of beneficiaries-in the age group of 18 to 40 years and the in the age group of 40 to 60 years. The scheme provides insurance facilities of Rs. 2 lakh on natural death, Rs. 2 lakh for accidental death, Rs. 2 lakh for permanent disability and Rs. 1 lakh for partial disability.

Source: – NDTV


  1. Kumbh Mela 2019 sets 3 Guinness World Records in 3 consecutive days

Organisers and volunteers at Kumbh Mela 2019 have set three Guinness World Records within three consecutive days. The latest record was set for ‘biggest sanitation and waste disposal mechanism’ carried out on Saturday. Earlier, the authorities set world records for the ‘largest parade of buses’ and ‘most contribution to a handprint painting in 8 hours’.

Source: – Times Now


  1. India’s first policy to Protect Bank Locker launched

IFFCO Tokio General Insurance has launched bank locker protector policy’, the first stand-alone bank locker cover offered by any insurance company with a plan to protect the contents of a bank locker such as jewelry, title documents, and other valuables.

The policy offers a cover against various risks including fire, earthquake, burglary, holdup or any act of terrorism. It offers 7 options of sum insured ranging from Rs 3 lakh to Rs 40 lakh and above and the premium rate is affordable with a cover of Rs 3 lakh available at just Rs 300.

Source: – Financial Express

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