Daily Current Affairs on 29th March 2015

Daily Current Affairs on 29th March 2015

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Australia won ICC Cricket World Cup 2015
1. Australia on 29th March 2015 won the ICC Cricket World Cup 2015 for the record fifth time.
2. In the final match Australia defeated co-hosts of the tournament, New Zealand by 7 wickets played at the iconic Melbourne Cricket Ground (MCG), Australia.
3. In the final match, New Zealand had won the toss and had chosen to bat first. They had set the target of 183 runs to Australia after losing all wickets in the 45th over.
4. Australian team easily overhauled the target in the 34th over with 7 wickets in hand.
Captain of Australian Team - Michael Clarke.
Captain of New Zealand Team - Brendon McCullum.
5. Previously, Australia had won the Cricket World Cup in 1987, 1999, 2003 and 2007.

India to build two next-generation Awacs for Rs 5,113 crore
1. Union Government on 27th Mach 2015 gave its approval to build crore strategic project of next-generation Airborne Warning and Control Systems (AWACS).
2. Decision in this regard was taken by Defence Acquisition Council (DAC) headed by Union Defence Minister Manohar Parrikar.
3. DAC gave its nod for two AWACS, which includes buying two Airbus A330s, worth 5,113 crore rupees. Airbus was the lone bidder for the programme.
4. AWACS or eyes in the sky can detect incoming aerial threats like hostile fighters, drones and cruise missiles from 400-km away.
5. Defence Research and Development Organisation (DRDO) will develop the AWACSs.

Earth Hour was observed on 28 March 2015
1. Ninth edition of Earth Hour was observed on 28 March 2015 across the World.
2. In this edition of Earth Hour, millions of people around the world took part in the event for the global climate change awareness campaign.
3. Over 170 countries participated in the event and more than 1,200 landmarks along with 40 UNESCO world heritage sites observed the Earth Hour.
4. It is an annual global event organized by the World Wide Fund for Nature (WWF).
5. This day encourages citizens, communities, businesses and organisations to switch the lights off from 8:30 pm local time for an hour to highlight the plight of the planet.

ISRO successfully launches fourth navigation satellite IRNSS 1D
1. Indian Space Research Organization (ISRO) on 28 March 2015 successfully launched fourth navigation satellite Indian Regional Navigation Satellite System (IRNSS)-1D.
2. It was launched by Polar Satellite Launch Vehicle (PSLV) C-27 into the orbit from Satish Dhawan Space Centre, Sriharikota in Andhra Pradesh.
3. The satellite is similar to, and follows the IRNSS 1A, 1B and 1C which were launched in April 2013, July 2014 and October 2014respectively.
4. IRNSS-1D will be launched into a sub Geosynchronous Transfer Orbit (sub GTO). It weighs 1,425 kg and carries a navigation payload and CDMA ranging payload in addition with a laser retro-reflector.

Indian-American Scientist Murty Kambhampati chosen for US Presidential award
1. An Indian-American scientist and biology professor Murty Kambhampati is chosen for prestigious US Presidential award.  
2. He is among 15 scientists who have been chosen for US Presidential award for excellence in the field of science, mathematics and engineering mentoring (PAESMEM). All of them will receive the award at a White House ceremony later in year 2015.
3. Apart from Kambhampati, Sri Lankan-origin Tilak Ratnanather is also among the 15 scientist from Indian subcontinent chosen for award.

Poonam Mahajan Becomes First Woman President of Basketball federation Of India.
1. For the first time since it came into existence in 1950, the Basketball Federation of India got a woman as its president when Poonam Mahajan was unanimously elected as the head of this 65 year old federation — the governing and controlling body of basketball in India.
2. At the Annual General Meeting of the BFI, president of Maharashtra State Basketball Association (MSBA), who is also the BJP national secretary and MP from the Mumbai North-Central Lok Sabha constituency.
3. Poonam was unanimously elected as the new president of BFI for a four-year (2015-2019) term.
4. The 34-year-old Poonam is the youngest president of any national federation in India

Russia Joins Asian Infrastructure investment Bank
1. Russia has decided to join the Asian Infrastructure Investment Bank (AIIB), the latest country to sign up as the application deadline draws close, Russian First Deputy Prime Minister Shuvalov said.
2. According to the Asia Development Bank (ADB) data, Asia’s infrastructure demand is expected to reach some $730 billion per year by 2020, but the supply of investment funds from the World Bank and the ADB falls far short of the demand.

India can save $ 7 Billion By Use of LED bulb
1. India can save up to USD 7 billion (about Rs 43,750 crore) annually by replacing incandescent lamps with energy efficient LED bulbs, Power Minister Piyush Goyal said
2. Prime Minister Narendra Modi had launched a scheme for light-emitting diode (LED) bulb distribution under the Domestic Efficient Lighting Programme.
3. Installation of LED bulbs for domestic and street-lighting in 100 cities is targeted by March 2016.
4. According a report use of LED bulbs will reduce peak power demand of the country by 10,000 MW per day.

India Ranks 83rd On UN Index Assessing E-commerce Readiness
1. India has been ranked a lowly 83rd on a new index compiled by the UN trade body UNCTAD for assessing the readiness of countries for electronic commerce and it has the fourth largest number of complaints made against companies selling online.
2. India scores 40.6 on index value with 1.8 per cent individuals over 15 years owning a credit card (2011 data), 12.6 per cent using the internet (2013 data), 48.2 secure servers per million people and 100 per cent population having mail delivered at home.
3. Globally, the top four countries with highest readiness for electronic commerce are Luxembourg, followed by Norway, Finland and Canada.
The Alibaba Group is the world’s largest e-commerce company by gross merchandise value – volume of goods and services being transacted – followed by Amazon and eBay.

India Forex reserves up By $ 4.26 Billions
1. India’s foreign exchange reserves increased by $4.26 billion to $339.99 billion for the week ended March 20, Reserve Bank of India (RBI) data showed.
2. For the previous week ended March 13, the reserves had decreased by $2.06 billion to $335.72 billion. For the week ended March 6, the reserves had fallen by $286.3 million to $337.79 billion.
3. India’s reserve position with the International Monetary Fund (IMF) in the week ended March 20 decreased by $295.8 million and stood at $1.28 billion.
4. The value of special drawing rights (SDRs) was higher by $18.2 million in the week under review at $3.97 billion.
5. Gold reserves were static at $19.83 billion. The gold reserves had plunged by $346.2 million in the week ended March 6.