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Current Affairs 12 March 2015

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Companies Current Affairs

Which Indian Tech Firm on 11 March 2015 announced the launch of its 'bitcoin' mobile wallet in India?: Zebpay

Explanation: Bitcoins are digital money that are generated and their value is determined based on their demand and supply. The Zebpay wallet is in form of a mobile application and will help its user to buy, sell and transact in bitcoins. The Bitcoins present value is at around USD 280 per unit in India. Zebpay application is currently available on Android platform though iOS version will be launched in 15 days. Zebpay co-founder Sandeep Goenka has told that only 21 million bitcoins can be generated globally and they can be traded even in fractions, up to eight decimals. However, Reserve Bank of India has earlier issued a warning against dealing in bitcoin and other virtual currencies due to various risks, including those related to money-laundering and cyber security, as such digital currencies are not backed by any assets or monetary authorities  

With which financial entity Indian Railways on 11 March 2015 signed a Memorandum of Understanding (MoU) that will raise Rs. 1.5 lakh crore worth of funds to finance its infrastructure. Thus become sor the largest-ever funding in Railways’ history?: Life Insurance Corporation of India (LIC)

Explanation: LIC will make financial assistance in a form of investment in bonds issued by various railway entities such as Indian Railways Finance Corporation (IRFC), beginning next fiscal. Thus with this investment by LIC will make investment limit of Rs. 1,50,000 crore over the next five years for implementing its infrastructure projects from the financial year 2015-16. This investment in railways will help to use the funds to augment its capacity. There would be a five-year moratorium in interest and loan repayment and the bonds will have a tenor of 30 years.

On 11 March 2015 two public sector undertakings (PSUs) were added to the list of sick PSUs adding to 65 units in the list of sick PSUs as on 31 March 2014. Which two PSUs are these?: Air India and MTNL

Explanation: Air India market leaders in aviation and MTNL market leaders in mobile telephony sectors, were declared sick as per the criteria for a PSU to be declared as such, after they incurred losses worth 50% or more of their average net worth during four preceding years. Government had also announced that it will close down 5 PSUs that include three HMT units. 

Economy Current Affairs

On 11 March 2015, India and Mauritius signed five agreements during Prime Minister Narendra Modi's visit to give new momentum and height to bilateral cooperation. What are those 5 Agreement points?:

-MoU on ocean economy

-Traditional system of medicine

-Improving sea and air route at Agalega island

-Programme for cultural cooperation for the year 2015 to 2018

-Protocol for the importation of fresh mangoes from India

Explanation: India and Mauritius share age old civilization ties, they have deep historic and cultural ties, democratic values and intimate ancestral ties and become more important as 68 percent of the people are of Indian origin. The Visit is aimed at deepening the engagement with its maritime neighbor in the Indian Ocean region, and is likely to focus on a host of issues, including maritime security, anti-piracy operations, intensification of trade and investment, and the joint development of blue economy of the Indian Ocean

General Current Affairs

On 11 March 2015, Centre government has allocated Total 346 from three all India services officers to Andhra Pradesh while 286 officers are allocated to which newly constituted State?: Telangana

Explanation: Telangana, the country's 29th state, came into existence on 2nd June 2014 was allocated with 133 officers of Indian Administrative Service (IAS), 95 officers of Indian Police Service (IPS) and 58 officers of Indian Forest Service (IFS). While Andhra Pradesh is already had a total authorized strength of 376 IAS, 258 IPS and 149 IFS officers has now got fresh allocation of 161 officers of Indian Administrative Service (IAS), 116 officers of Indian Police Service (IPS) and 69 officers of Indian Forest Service (IFS). These allocation of the three all India services officers is based upon the recommendations of a six-member committee led by former Central Vigilance Commissioner Pratyush Sinha.

Sports Current Affairs

On 11 March 2015 during ongoing Cricket World cup 2015, who became the first-ever batsman to score four consecutive centuries in the history of ICC World?: Kumar Sangakkara (Sri Lanka Player)

Explanation: Kumar Sangakkara made this record against Scotland in Hobart on 11 March 2015. Teh Four centuries he made was against the countries: Bangladesh (26 Feb 2015), an unbeaten 117 in the game with England (1 March 2015) followed by 104 against Australia (8 March 2015) thus became the the first-ever player to score 100 in 4 consecutive matches in world cup and so in ODI cricket history. He surpassed six players: Zaheer Abbas and Saeed Anwar of Pakistan, the South African trio of Herschelle Gibbs, AB de Villiers and Quinton de Kock, and Ross Taylor of New Zealand, who all had scored three ODI centuries in a row.

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Current affairs 12th March 2015 contain all the latest news and current events from India and Abroad. User can find the 12th March 2015 affairs article which is a detailed analysis and discussion of news stories that have recently occurred. These news articles are made on the topic Telangana, all India services officers, Indian Forest Service, Indian Police Service and many other are best study material for the students which are preparing for the competition exams, government exams, Banking exams, IAS exam and many other.

12th March 2015 Current Affairs is available in Question and Answer format which will also help reader to prepare in Objective format. On Time2study, Current affair category contains the articles for each day and these articles have the detailed background of each topic. Current affairs from India and abroad are teller made to the user and thus one can find very interesting, selected and important topic on Current events to read and prepare the notes for exam. Current affairs 12th March 2015 is made on the subjects Indian Administrative Service, Life Insurance Corporation of India, LIC, Indian Railways, Indian Railways Finance Corporation, Narendra Modi's, India and Mauritius signed five agreements in 2015, MoU on ocean economy, Zebpay, bitcoin, Zebpay co-founder Sandeep Goenka, Reserve Bank of India, Kumar Sangakkara, Cricket World cup 2015, score four consecutive centuries in the history of ICC World, Air India, MTNL, sick PSUs, that have recently occurred.

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