Current Affairs Daily Updates: 13th March 2017

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Current Affairs Daily Updates: 13th March 2017
APPOINTMENTS
HSBC breaks with tradition, names AIA boss Tucker as Chairman
  • HSBC Holdings Plc, Europe's biggest bank, tapped an outsider for its top job, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017.
  • A one-time professional footballer, who has held several leadership jobs, including running Britain's Prudential, Tucker will take over as group chairman designate from September 1 and as non-executive group chairman on October 1.
AWARDS AND HONOURS
Thai Model Crowned Transgender Beauty Queen Title
  • Thailand’s Model, Jiratchaya Sirimongkolnawin was crowned Miss International Queen 2016 on March 10, 2017 in the 12th edition of the beauty pageant event in Pattaya City, Thailand.
  • Miss International Queen began in the year 2004 and has been held annually in Pattya City since then and is considered the largest and the most popular transgender pageant of the world.
  • The 12th edition of the show was to be held in November 2016 but was postponed due to the national mourning of the death of Thailand’s king.
ITPO Bags ‘Excellence In Display Ward’ At AAHAR 2017
  • The international food and hospitality fair of India Trade Promotion Organization (ITPO) has set a record of highest number of exhibitors and business visitors from India and abroad.
  • The award was presented at 32nd annual show of AAHAR to Executive Director Rajneesh.
BANKING AFFAIRS
YES Bank signs 3 projects of smart city for payments-related solutions
  • Private sector lender Yes Bank has signed three projects to provide payments-related solutions to smart cities. The bank finds it as a good business opportunity.
  • Yes Bank has currently ties up with Udaipur, Nashik and Puducherry for the introduction of digital payment systems under the smart city initiative.
  • This tie up will prove fruitful for the bank as it is follows a revenue share arrangement. It means that the bank will get some per cent commission on the usage of its facility. This will also benefit the bank as it will get new clients and help in cross-selling.
SBI incorporates wholly owned subsidiary for premises and estate matters of SBI
  • The State Bank of India has legally incorporated SBI Infra Management Solutions Pvt. Ltd. (SBIIMS Pvt. Ltd.) as a wholly owned subsidiary of SBI. SBIIMS Pvt. Ltd. will now manage the premises and estate related matters of SBI.
  • The new subsidiary will save the time of bank employees who earlier performed these non-core functions. Now these employees can handle the core functions of the bank and increase the efficiency.
  • SBIIMS Pvt. Ltd. will handle the advisory services, transaction management, facility management and implementation of policies and initiatives.
BUSINESS AND ECONOMIC AFFAIRS
BSNL To Install 28,000 Mobile Base Stations
  • State-run BSNL will install about 28,000 new mobile base stations to replace all 2G sites with 3G and roll out 4G services at select locations by end 2017-18.
  • At select locations, we are planning to start 4G services. We expect to complete phase-8 by FY18,” said by BSNL CMD Anupam Shrivastava.
DEATHS
John Surtees, British F1 Legend Dies At 83
  • John Surtees, the only racer to win both Formula One and Motorbike’s 500cc category World Championship died on March 10, 2017 in London. He was 83.
  • The former world champion won four 500cc world titles (1956, 1958, 1959 and 1960) as well as three consecutive 350cc championships (1958-1960) with motorbike.
Former DSA President Sood Passes Away
  • Former football player Umesh Sood passed away in New Delhi on March 12, 2017. He was 73.
  • He was the president of Delhi Football Association(DSA) from 1993 to 1998.
  • He was honoured by the AIFF and made manager of the Indian team in international tournaments.
  • Umesh played for clubs like New Delhi Heroes and City Club in the Delhi Senior Division League
  • He also played hockey for Khalsa Blues in the Delhi Hockey League and for Butlerian Club in basketball.
INTERNATIONAL AFFAIRS
Bangladesh Declares March 25 As ‘Genocide Day’
  • Bangladesh’s unanimously adopted a resolution declaring March 25 as Genocide Day, in remembrance of the atrocities carried out by the Pakistani Army in the night of March 25, 1971.
  • Condemning the denial of history by Pakistan, the Bangladeshi legislators passed the motion unanimously after a marathon seven-hour discussion.
NATIONAL AFFAIRS
Central Railway unveils India’s first air-conditioned rail ambulance
  • Central Railway zone of Indian Railway unveiled India’s first air-conditioned rail ambulance on 9 March 2017. 
  • The four-coach air conditioned ambulance will be station at Kaylan (Maharashtra) and has been made by modifying AC coaches used for passenger services.
  • The idea for this rail ambulance came after the Diva-Sawantwadi train got derailed in Raigad district of Maharashtra in May 2014.
  • This rail ambulance which has been designed at the rail workshop at Matunga in Mumbai, can carry and treat 50 patients at one time.
To Boost Innovation A Collaborative Educational Project Launched
  • IIT – Hyderabad will have a school for innovation on the lines of the University of Tokyo’s i. School.
  • This institute has been conducting workshops at IIT – H with mix of students from University of Tokyo and IIT – H.
  • It is done as an innovation process, creativity is of three types’ combination, exploration and transformation.
SPORTS AFFAIRS
India ranked 132 in the latest edition of FIFA ranking
  • In the latest FIFA ranking for the month of March Indian Football team dropped two places and is now ranked at 132nd spot as compared to 130 in February FIFA ranking. The rankings were released on 9 March 2017.
  • Currently Indian team has 233 points which is 11 less than what it had in the month of February i.e 244 points.
  • Argentina is at the top in FIFA ranking with 1644 points, followed by Brazil at second spot with 1534 points and Germany at third spot with 1443 points. Chile and Belgium are ranked at fourth and fifth respectively in the FIFA rankings for the month of March.
Lee Chong Wei Clinches Fourth All England Championship Title
  • Malaysia’s Lee Chong Wei won his fourth All England Open Badminton Championships crown and changed his mind about it being his 13th and last visit to badminton’s oldest championship. After swatting aside first-time finalist Shi Yuqi of China 21-12, 21-10.