1) India-Finland Virtual Summit 2021
•The India-Finland Virtual Summit was held on March 16, 2021, with the participation of Prime Minister Shri Narendra Modi and Prime Minister of the Republic of Finland Ms Sanna Marin. The virtual summit was organised to discuss the entire gamut of bilateral issues as well as other regional and multilateral issues of mutual interest.
2) Prime Minister Narendra Modi’s Principal Advisor P K Sinha resigns
•Former Cabinet Secretary and Principal Advisor in the Prime Minister’s Office (PMO) P.K. Sinha has relinquished his high-profile position on personal grounds. He was appointed in the PMO first as Officer on Special Duty (OSD) briefly and then as Principal Advisor, a specially created position for him, in September 2019 after the 2019 parliamentary polls. Besides him, two senior officials are serving as Advisors in the PMO: Bhaskar Khulbe and Amarjit Sinha, both 1983 batch retired IAS officials.
•Mr. Sinha is a retired 1977 batch IAS officer of Uttar Pradesh cadre and served in various capacities during the UPA and the NDA regimes. His is the second high profile exit from the PMO after PM’s Principal Secretary Nripendra Misra had resigned after the last Lok Sabha polls. Earlier, he was Secretary, Ministry of Power in the government of India and served as Cabinet Secretary for four years from 2015.
3) WHO declares El Salvador malaria-free
•El Salvador is the first country in Central America to be certified malaria-free by the World Health Organization. WHO grants a certification of malaria elimination when a country proves “beyond a reasonable doubt” that there has been no indigenous transmission of the disease nationwide for the previous three consecutive years.
•El Salvador hasn’t had a malaria outbreak since 1996 and has reported no indigenous cases since 2017. In 1990, the country had 9,000 cases per year, a figure that declined to 26 by 2010. WHO credited El Salvador’s sustained domestic funding for malaria prevention, detection, and treatment for the success.
4) Nokia to Develop New 5G Radio Solutions
•The Finnish telecom equipment maker, Nokia has announced on March 16 that it has partnered with Microsoft, Amazon web services and Google so as to develop a new cloud-based 5G radio solution. This solution will be developed with its radio access network (RNA) technology. This partnership was gone with the objective of developing new business cases.
5) RBI: Image-based Cheque Truncation System in all branches by Sep 30
•The Reserve Bank of India has asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by September 30 this year. The move is aimed at faster settlement of cheques resulting in better customer service. The Apex bank said that to leverage the availability of CTS and provide a uniform customer experience irrespective of the location of her/his bank branch, it has been decided to extend CTS across all bank branches in the country. To facilitate this, banks will have to ensure that all their branches participate in image-based CTS under respective grids by September 30.
6) WEF honours ReNew Power named as Global Lighthouse Network
•ReNew Power has been named to the World Economic Forum’s (WEF) Global Lighthouse Network, which recognises companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth. ReNew Power is an Indian renewable energy company. It has an asset base of over 8 GW, with around 5 GW operational. ReNew Power is one of the two Indian companies to be recognised by the Global Lighthouse Network this year.
•The WEF Global Lighthouse Network is a group of 69 factories that serve as a platform to develop, replicate, and scale innovations, creating opportunities for cross-company learning and collaboration while setting new benchmarks for the global manufacturing community.
7) Hurun India Wealth Report 2020 announced
•The Hurun India Wealth Report, 2020 was released on March 16, 2020. The report identifies a novel household category in India called the ‘New Middle Class’ which accounts for an average savings of Rs 20-lakh per annum. The report highlights that these households have a major allocation towards physical assets like primary residential property and automobiles. As per the report, the total number of such cumulative households in India stands at 633,000.
8) Samsung sets up Innovation Lab at Delhi Technological University
•Samsung India has announced that it has inaugurated a Samsung Innovation Lab at Delhi Technological University (DTU) to focus on collaborative research and training. It has set up the innovation lab under the Samsung Innovation Campus initiative as part of its new #PoweringDigitalIndia vision. With this addition, Samsung now has eight technical labs spread across the country as part of its Samsung Innovation Campus initiative, which was earlier called Samsung Digital Academy.
