Daily Current Affairs 18 March 2020: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 18 March 2020. It includes all Major National, International, Business and Sports related current affairs of 18 March 2020. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 18 March 2020 Current affairs test.

National News

1. Woman in Indian Navy

  • Supreme Court has granted permanent commission to women in Indian Navy.
  • A bench headed by Justice DY Chandrachud pronounced the judgment.
  • The Indian Navy is the naval branch of the Indian Armed Forces. The President of India is the Supreme Commander of the Indian Navy. The Chief of Naval Staff, a four-star admiral, commands the navy.

International News

1. Birth Centenary of Bangabandhu Sheikh Mujibur Rahman.

  • Bangladesh has celebrated the birth Centenary of Bangabandhu Sheikh Mujibur Rahman.
  • Sheikh Mujibur Rahman, shortened as Sheikh Mujib or just Mujib, was a Bangladeshi politician and statesman. He is called the father of Nation in Bangladesh. He served as the first President of Bangladesh and later as the Prime Minister of Bangladesh from 17 April 1971 until his assassination on 15 August 1975.

2. First Coronavirus Vaccine

  • Phase-I of clinical Human trial of coronavirus vaccine has beguns in USA.It has started at the Kaiser Permanente Washington Health Research Institute (KPWHRI) in Seattle.
  • The 2019–20 coronavirus pandemic is an ongoing global outbreak of coronavirus disease 2019 (COVID-19), a novel infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).

Financial News

1. Paytm Payments Bank with Visa

  • Paytm Payments Bank Ltd has partnered with Visa to issue Visa debit cards.
  • Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
  • CEO: Alfred F Kelly Jr || Headquarters: San Francisco, California
  • MD & CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta.

Business News

1. US Federal Reserve

  • US Federal Reserve has slashed key interest rate to almost zero, cutting the benchmark borrowing rate to a range of 0-0.25 percent. in wake of economic impact of COVID-19.
  • The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
  • US federal bank :Chairperson: Jerome Powell || Founded: 23 December 1913 || Headquarters location: Washington DC

2. First member of India’s gas trading platform

  • Manikaran Power has become first member of India’s gas trading platform ‘Indian Gas Exchange (IGX)’.
  • the Indian Gas Exchange (IGX), it will be India’s first gas trading platform. IGX would offer spot and forward contracts at Dahej, Hazira and Kakinada.

3. India’s growth forecast by S&P

  • India’s Growth Forecast has been lowered to 5.2% by S&P for FY 2020.
  • Standard & Poor’s Financial Services LLC is an American financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities.

Important Appointments

1. Salseforce India CEO

  • Salesforce has hired former SBI chairperson Arundhati Bhattacharya as India CEO.
  • Salesforce.com, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer-relationship management service and also sells a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.
  • CEO: Marc Benioff

Obituaries

1. Jairam Kulkarni passes away

  • Noted Marathi actor Jairam Kulkarni has passed away.
  • Kulkarni had acted in more than 150 films, including Chal Re LaxyaMumbaila, Ashi Hi Banwabanwi, Thartharat, RangatSangat to name a few.

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