4th March 2019 Current Affairs
'Mainamati Maitree Exercise 2019' between BSF and BGB held in Tripura


 Border Security Force (BSF) and Border Guards Bangladesh (BGB) concluded 3-day 'Mainamati Maitree Exercise 2019' as apart of 'Confidence Building Measures' between India and Bangladesh held in Agartala, Tripura.

 The major objective of this was to plan and conduct anti-smuggling and anti-criminal activity related operations with utimate aim of achieving better joint operational efficiency and border management in the area.

Important Points


Capital - Dhaka

Currency - Taka

Prime Minister - Sheikh Hasina


Capital - Agartala

Chief Minister - Biplab Kumar Dev

Governor - Kaptan Singh Solanki

National Park

  • Bison National Park
  • Clouded Leopard National Park


India's First Policy to Protect Bank Locker launched


 IFFCO Tokio General Insurance has launched 'Bank Locker Protector Policy' which is the first policy in the industry to protect the contents of bank locker such as jewelry, title documents, and other valuables.

 The policy offers a cover against various risks including fire, earthquake, burglary, holdup, infidelity by a bank staff or any act of terrorism. Apart from Jewelry and Valuables, Important documents kept in a locker can also be insured under the policy as an add-on cover.

 The policy offers 7 options of sum insured ranging from Rs 3 lakh to Rs 40 lakh and above and the premimum rate is affordable with a cover of Rs 3 lakh available at just Rs300.

Important Points


It is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group which is also the largest listed insurance group in Japan.

Headquarters - Gurugram, Haryana

Chairman - Mr. K. Srinivasa Gowda


Cabinet approves 'Pradhan Mantri JI-VAN Yojana'


 The 'Pradhan Mantri JI-VAN (Jaiv Indian-Vatavaran Anukool Fasal Awashesh Nivaran) Yojana was approved by the Union cabinet for providing financial support to the Integrated Bioethanol Projects.

 The Cabinet was chaired by Prime Minister Narendra Modi.

 The 'Pradhan Mantri JI-VAN Yojana will be supported with the total financial outlay of Rs 1969.50 crore for the period 2018-19 to 2023-24.

 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 Research and Development (R&D) in this area.


Tata Steel named as one of World's Most Ethical Companies


 Tata Steel has received the award as one of the 2019 World's Most Ethical Companies.

 The award has been given by Ethisphere Institute, USA.

 With this, the company has got the recognition eight times in the 'Metals, Minerals and Mining' category.

 In 2019, 128 honourees across 21 countries and 50 industries have been recognized.

Important Points

Tata Steel

CEO - T. V. Narendran

Founded - 25 August 1907


Bhagwan Lal Sahni appointed as the Chairman of NCBC


 Bhagwan Lal Sahni who hails from Muzaffarpur, Bihar has been appointed as the chairman of the National Commission for Backward Classes (NCBC).

 Kaushalendra Singh Patel, Sudha Yadav, and Achary Talloju have been appointed as members of the commission. Their names were approved by President Ram Nath Kovind.

 The NCBC was given constitutional status by Parliament in 2018, after repealing the National Commission for Backward Classes Act, 1993.

Important Points


Formed - 14 August 1993

Headquarters - New Delhi


Gram Samridhi Yojana


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

 The scheme will be run in four states- Uttar Pradesh, Andhra Pradesh, Maharastra, and Panjab for a five-year period in the initial phase and thereafter in other states of the country.

 Niti Aayog has given its approval to the scheme.

 World Bank will be giving Rs 1,500 crore and Rs 1,000 crore will be borne by Centre while the state government will put in Rs 500 crore.


Hasmukh Adhia appointed as non-executive chairman of Bank of Baroda


 Former Finance Secretary Hasmukh Adhia was appointed as non-executive chairman of Bank of Baroda.

 The Appointment Committee of the Cabinet has approved his appointment as the part-time non-official director as well as non-executive chairman on the board of Bank of Baroda for three-years.

 He is a 1981-batch IAS officer from the Gujarat cadre.

Important Points

Bank of Baroda

Tagline - India's International Bank

Headquarters - Alkapuri, Vadodara

CEO - P. S. Jayakumar


Bharti AXA General Insurance wins 'Non-Life Insurer of the Year Award 2019'


 ASSOCHAM (The Associated Chambers of Commerce and Industry of India), which is one the apex trade association of India has conferred 'Non-Life Insurer of the Year Award 2019' to Bharti AXA General Insurance.

 It is a joint venture between Bharti Enterprises and French insurance gaint AXA.

 ASSOCHAM honored Bharti AXA General Insurance with this recognition for its contribution to the non-life insurance sector during the recently-held Insurance Leaders Meet 2019 and Excellence Awards in Kolkata.

 This award recognizes efficacy, excellence, and contribution in the insurance industry annually.

Important Points

Bharti AXA Life Insurance

Founded - 2005

CEO - Vikas Seth


Headquarters - New Delhi, India


Macky Sall elected as Senegal's President for the second term


 Macky Sall has again won the election with 58.27% of votes cast to be the President of Senegal.

 Macky Sall has won re-election without the need for a second round of voting, giving him five years more in office.

 He was elected as president in 2012 for the first time.

Important Points


Capital - Dakar

Currency - CFA Franc

Prime Minister - Mahammed Boun Abdallah


Abu Dhabi hosted Organisation of Islamic Corporation (OIC) Meeting


 Abu Dhabi hosted the 46th session of the Council of Foreign Ministers of the Organisation of Islamic Co-operation (OIC).

 It was a two-day gathering dedicated to discuss ways to combat hate speech, extremism, and conflict in the region.

 This the first time that India participated in the meeting. Sushma Swaraj attended the inaugural session of the Organisation of Islamic Co-operation meeting in Abu Dhabi where she was welcomed as a "guest of honour".

 The organization of Islamic Co-operation (OIC) is an influential grouping of 57 Islamic countries.

Important Points

United Arab Emirates (UAE)

Capital - Abu Dhabi

Currency - Dirham


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