March, 2018

SpaceX launches 10 satellites

SpaceX has confirmed successful deployment of all 10 communications satellites to low-Earth orbit. The Iridium-NEXT satellites were launched for satellite operator Iridium Communi-cations. The Iridium-5 NEXT Mission marked the fifth set of 10 satellites that SpaceX has launched for its customer‘s Iridium NEXT global satellite constellation.

Williamson announced Sunrisers captain

31 : Kane Williamson, the New Zealand captain, will lead SunRisers Hyderabad in the Indian Premier League 2018. The decision comes in the wake of the recent ball-tampering controversy that led to bans for David Warner and Steven Smith from the 11th edition of IPL. The franchise also later confirmed the appointment of Indian seamer Bhuvneshwar Kumar as the vice-captain for the upcoming season.

India’s first female doctor’s birthday

Google celebrated the 153rd birth anniversary of Anandi Gopal Joshi, India‘s first female doctor on 31st March. Anandi Joshi was born on this day in Maharashtra in 1865. There is a crater on Venus named after her.

Tripura to set up crime wing of state police

The Tripura government has decided to set up a ‘well-equipped’ crime branch under the state police to deal with unlawful activities such as drug and narcotics peddling. The new wing will be modelled after Delhi Police‘s crime branch. The crime branch would exclusively deal with crimes like drug peddling, indulging in social unrest and crimes on women.

PFMS got record volume of digital transaction

Public Financial Management System (PFMS) achieved a historical record-breaking volume of Digital Transactions on 28th March. PFMS provides a platform for efficient management of funds through tracking of funds and real-time reporting of expenditure and receipts. PFMS is an ambitious project of Government of India being implemented by Controller General of Accounts, Ministry of Finance.

LTCG tax & other taxes to begin from April 1

Several budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding Rs. 1 lakh from the sale of shares, will come into effect from April 1. The 2018-19 Budget had reintroduced 10% tax on long-term capital gains. Tax proposals like the reduced corporate tax of 25% on businesses on turnover of up to Rs. 250 crore will come into effect.

India received 1st LNG shipment from US

The first long-term liquefied natural gas (LNG) US cargo from the Houston-based Cheniere Energy Inc. arrived at the Dabhol LNG terminal in Maharashtra. India is the world‘s fourth-largest LNG importer. The first crude oil shipment from the US to India arrived in October 2017 in Odisha.

Cabinet approved Nutrient Based Subsidy

The Cabinet Committee on Economic Affairs has approved the continuation of Nutrient Based Subsidy (NBS) and City Compost Scheme beyond 12th Five Year plan till 2019-20. Government is making available fertilizers, namely Urea and 21 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers. The subsidy on P&K fertilizers is being governed by NBS Scheme.

Cabinet enhanced the coverage of PMRPY

The Cabinet Committee on Economic Affairs has given its approval for enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY). The informal sector workers would get social safety net and there would be more job creation. In this scheme, Government is paying the 8.33% contribution of Employers to the Employees‘ Pension Scheme (EPS) in respect of new employees.

Govt clears restructuring of NSDF, NSDC

The government approved the restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC). The move will strengthen governance, implementation and monitoring framework. NSDC and NSDF were set up by the Ministry of Finance and registered in July 2008 and January 2009 respectively for implementing coordinated action for skill development.