INTERNATIONAL
Htin Kyaw is Myanmar’s First Elected Civilian President
Myanmar’s Parliament on 15 March elected Htin Kyaw as the first civilian president to lead the country after 53 years of military rule. Army took power in a 1962 coup.He is a close aide and adviser of Aung San Suu Kyi, the leader of National League for Democracy (NLD) party. He was elected with 360 of the total 652 votes casted while, military-nominated Myint Swe received 213 votes and stood second followed by the other NLD candidate, Henry Van Thio, who got 79 votes.Kyaw will replace Thein Sein who will step down at the end of March 2016 after five years of army-backed rule.
China To Set Up International Maritime Judicial Centre
China’s Supreme Court has decided to set up its own International Maritime Judicial Centre (IMJC) to handle territorial disputes and protect its sea rights. It was announced by China’s Supreme Court Chief Justice Zhou Qiang at the annual meeting of the national legislature National People’s Congress (NPC). This move will help China to bolster its claims in the disputed South and East China seas and also help it become a maritime power.
China To Build Second Railway Line Into Tibet
China will build a second railway line to Tibet, linking capital Lhasa with the south-western city of Chengdu. The new railway was announced in a draft of China’s new five-year development plan. In 2006, China opened a railway line to Lhasa as part of government development efforts. It passes through the spectacular Tibetan highlands, at altitudes as high as 5,000 metres (16,400ft) above sea level.
US FAA certifies China’s ‘Y-12F’ Regional Liner
The Chinese aircraft Y-12F, a new third regional Y-12 series, manufactured by the Aviation Industry Corporation of China (AVIC) has received certification from the US Federal Aviation Administration (FAA). The means aircraft has met high industry standard and global sales.The Y-12F aircraft has take-off weight of 8.4 tonnes, cruising speed of 400 km per hour and a longest cruising range of 2,255 km. Over 30 countries 200 units of the Y-12 series are delivered.
Hashim Thaci Elected as President of Kosovo
Hashim Thaci has been elected as the President of Kosovo by the Parliament of the country in the third round. He will succeed Atifete Jahjaga. With this, Hashim Thaci becomes fourth President of Kosovo after the country had unilaterally declared independence from Serbia in 2008.
INDIA & WORLD
India – Australia Signed Social Security Agreement
India has signed a pact with Australia under which the employees deputed to Australia from India and viceversa need not make double social security contribution. This agreement provides the exception to the employees who have been deputed on a short term basis say less than 60 months from paying social security contribution to both the countries. With this, Australia has become the 14th country with which India has a social security agreement in force.
India – Bangladesh signed $2 billion Line of Credit
India has signed the second line of credit (LOC) agreement extending 2 billion dollars in development financing to Bangladesh for underta king various development projects. This credit line will be provided through Export Import Bank of India (Exim Bank), India’s external lending arm. It is Exim Bank’s biggest ever LOC facility given to another country. The development financing will be used in the infrastructural projects like power sector, road transportation, railways, shipping, information and communication technology (ICT) and social sector projects like health and technical education.
India At 90th Rank In Terms Of Energy Security, Access
World Economic Forum (WEF) on 2 March released the fourth edition of the Global Energy Architecture Performance Index Report 2016 (EAPI) compiling 126 countries. India has been ranked at the 90th place in a list of 126 countries on the basis of their ability to deliver secure, affordable and sustainable energy. Top 10 countries in GEAPI Report: Switzerland (1st), Norway (2nd), Sweden (3rd), France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th).
India-World Bank Signed Credit Agreement for MPHEQIP
Union Government, Madhya Pradesh government and the World Bank have signed $300 million credit agreement on 1 March for Madhya Pradesh Higher Education Quality Improvement Project (MPHEQIP). The credit will be provided by the International Development Association (IDA), World Bank’s concessionary lending arm with a maturity of 25 years, including a five-year grace period.
India To Host BRICS Friendship Cities Conclave
India is going to host BRICS Friendship Cities Conclave in Mumbai (Maharashtra), financial capital of India from April 14 to 16, 2016. It will be attended by the top Urban Policy makers and Planners from BRICS Nations viz. Brazil, Russia, India, China and South Africa. The conclave will be joint initiative of Union Ministry of External Affairs (MEA) and Government of Maharashtra. Prime Minister Narendra Modi will inaugurate the conference which will be attended by representatives of at least two cities from each of the BRICS nations.
India Ranks 118th On UN’s World Happiness Index 2016
India ranked 118th out of 157 countries on the United Nations’ World Happiness Index (WHI) 2016. It was revealed by the fourth World Happiness Report 2016 published by the Sustainabl e Development Solutions Network (SDSN), a global initiative for the UN. Key Highlights of Report Top 10 countries – Denmark (1st), Switzerland (2nd), Iceland (3rd), Norway (4th) and Finland (5th), Canada (6th), Netherlands (7th), New Zealand (8th), Australia (9th) and Sweden (10th).
Read more: Current Affairs March 2016 Study Material | FreeJobAlert.com http://currentaffairs.freejobalert.com/march-2016-current-affairs-study-material/12245/#ixzz5SsJSfI3M
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