Date: 3/28/2019

 
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  • Debt Recovery Tribunal recovers Rs 1008 crores from him after selling more than 74 lakhs shares of Vijay Mallya's United Breweries Holdings Limited
  • The Enforcement Directorate on 27th march said a consortium of banks led by the SBI, have recovered over one thousand crore rupees from the sale of shares of fugitive offender Vijay Mallya.
  • The amount was recovered by Bangalore based Debt Recovery Tribunal by the sale of over 74 lakh shares held by Mallya in the United Breweries Holdings Limited.
  • The Enforcement Directorate said, the shares attached by the agency is part of its money laundering probe against the liquor baron.
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  • India's scientists have done the country proud again..India has become the fourth nation in the world to acquire the capability to destroy a satellite in outer space.
  • Prime Minister Narendra Modi addressed the nation Wednesday afternoon to announce that India launched an anti-satellite missile off the coast of Odisha to destroy a target satellite in LEO ie. low earth orbit 300 kms away. He said this mission will have a historic impact for generations to come..here's why.
  • SUPERPOWER SHOWS STRIKING POWER- This represents the striking power of a superpower..a superpower sending out a message of peace through deterrance..It's restoration of the balance of power in the world..India levelling the scales..
  • FOURTH DIMENSION OF DEFENCE- Wednesday saw Prime Minister Narendra Modi announcing to the nation and the world..how India has extended its defence capabilities from land, water & air to outer space.
  • INDIA DEMONSTRATES TECHNICAL PROWESS -In the very first attempt..India destroyed the target with a missile launched off the Odisha coast..It showed India's technical prowess in its ability to safeguard its earth orbital security..apart from several far reaching implications in its defence and space programmes.
  • INDIA: A RESPONSIBLE SUPERPOWER -The PM made it clear that India has not acquired this capability keeping some other country in mind..It is solely for self defence purposes.
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  • The belief that space can impact emotional well-being led Tanay Bothara, a student of city-based Padmabhushan Vasantdada Patil College of Architecture, to design play spaces for children of war-torn Syria and win the Nippon’s Asia Young Designer Award 2019 in Singapore on 26th March.
  • The 23-year-old beat 8,500 students from 14 countries to win the award.
  • “As students we had to come up with ideas to try and solve problems through design creating sustainable projects with emotional value. For a student this opens up a whole new world as you are exposed to many concepts and themes.
  • We had to design something for the children of war-torn regions like Syria. The main activities of a child are learning and play. So, even in a war ravaged country like Syria, children would make play spaces out of damaged buildings or basements,” said Tanay from Singapore.
  • The theme for this competition was ‘Forward: Challenging Design Boundaries’.
  • Tanay was awarded Rs 50,000 as the winner from India and $10,000 for the Asia Young Designer Award.
  • “I donated Rs 50,000 to non-governmental organisations in Syria that work in the field of children’s education,” said Tanay.
  • The award also entitles Tanay to a fully-funded design discovery programme at Harvard University.
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  • Manchester United appointed Ole Gunnar Solskjaer as the club’s permanent manager on a three-year contract on 28th march, following a highly successful caretaker spell in charge.
  • The Norwegian has inspired a revival of United’s fortunes since taking over from the sacked Jose Mourinho in December, winning 14 of his 19 games and leading the Red Devils to the quarter-finals of the Champions League.
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  • For travelers looking for a pleasant airport experience, Asia remains the best bet.
  • Singapore’s Changi is the planet’s best airport for the seventh straight year, according to the latest rankings by Skytrax. It’s followed by Tokyo’s Haneda, Seoul’s Incheon and Doha’s Hamad, with Hong Kong rounding out the top five.
  • But Singapore was beaten by its old rival when it came to filling up before a flight, as Hong Kong grabbed the top spot for the best airport dining experience.
  • Munich Airport, in seventh place on the best airport list, was the highest ranked among airfields in Europe, sitting just one place ahead of London Heathrow.
  • Airports in the U.S. were absent from the top 10 list on an airport customer survey that’s been conducted annually since 1999. Vancouver was the highest ranked airport in North America, at 17, while Denver was the best placed among U.S. airports at 32. New York’s JFK fell five places to 74.
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  • The commerce ministry 28th march launched a blockchain-based coffee e-marketplace to help farmers integrate with markets so that they can realise fair prices for the commodity.
  • The blockchain will also reduce the number of layers between coffee growers and buyers and help farmers double their income, the ministry said in a statement.
  • "This pilot project will help integrate the farmers with markets in a transparent manner and lead to realisation of fair price for the coffee producer," Commerce Secretary Anup Wadhawan said in the statement.
  • It said that India is the only country in the world where entire coffee is grown under shade, handpicked and sun dried.
  • "Indian coffee is highly valued in the world market and sold as premium coffees. The share of farmers in the final returns from coffee is very meagre," it added.
  • The blockchain-based marketplace app is intended to bring in transparency in coffee trade and maintain the traceability of Indian coffee from bean to cup so as the consumer tastes real Indian coffee and the grower is paid fairly for his produce, it added.

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