Kangaroos leap over Kiwis in 7-wicket WC final win
(i) In yet another display of world-beating tenacity, Australia rode on fifties by captain Michael Clarke — his final ODI — and Steve Smith — who continued with his relentless run of form — to defeat New Zealand by 7 wickets in the World Cup 2015 final at the Melbourne Cricket Ground on Sunday.
(ii) As Smith pulled the winning boundary to crush a New Zealand fairytale and clinch a fifth World Cup for Australia on Sunday, Clarke's side celebrated a glorious end to a journey marked by a period of self-doubt and grief for a fallen teammate.
(iii) Captain Clarke retires from one-day cricket with his legacy intact but his team will charge on to the 2019 tournament with renewed belief in their ability to re-generate, adapt and rebound from the stiffest of challenges.
Federal Reserve chief Yellen sees gradual rate hikes starting this year
(i) Federal Reserve Chair Janet Yellen signalled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasised the return to normal interest rates will be gradual.
(ii) A downturn in core inflation or wage growth could force the Fed to delay the first increase to borrowing costs since 2006, the central bank’s chief said on Friday, but policymakers should not wait for inflation to near the Fed’s 2 per cent goal before tightening monetary policy.
(iii) The Fed has held short-term borrowing costs near zero since December 2008.
Cyrus Vandrevala, Jasminder Singh bag Asian Business Award
(i) Investor Cyrus Vandrevala and hotelier Jasminder Singh were the prominent winners at an Asian Business Awards ceremony in London. Mr. Vandrevala, formerly a resident of Mumbai and co-founder of investment company Intrepid Capital Partners (ICP), received the Global Investor of the Year Award at the ceremony on Friday night.
(ii) ICP recently announced a Rs.1,000-crore facility for the housing and infrastructure sectors in western India.
(iii) The company promises to in due course raise the lending to Rs. 5,000 crore.
(iv) Both Mr. Singh and Mr. Vandrevala figured among the billionaires in the first ever Global India Rich List compiled by London’s Raymedia earlier this month.
ISRO navigation satellite in orbit
(i) India on Saturday demonstrated its ability to establish an independent regional navigation satellite system, as ISRO’s PSLV C-27 successfully launched Indian Regional Navigation Satellite System (IRNSS) 1-D satellite into the intended orbit.
(ii) “We will now be able to make use of our receivers to locate ourselves independently,” ISRO Chairman A.S. Kiran Kumar said. This is the first launch this year and the first under his chairmanship.
(iii) While the ambit of the U.S. GPS was global, the IRNSS was meant for regional coverage, he said, replying to a query. “The globe comes later, the country comes first.”
(iv) IRNSS 1-D is the fourth of the series of seven satellites, which would form ISRO’s IRNSS.
Lee among the tallest leaders of our times: Modi
(i) Prime Minister Narendra Modi on Sunday described Singapore’s founder prime minister Lee Kuan Yew as “among the tallest leaders of our times”.
(ii) Mr. Modi arrived in Singapore early on Sunday to join a host of world leaders for the funeral of Lee, who died at the age of 91 on Monday after a long battle with pneumonia.
(iii) “The passing away of Lee Kuan Yew marks the end of an era.He was among the tallest leaders of our times,” Mr. Modi said addressing the media.
(iv) “He was a global thinker, who saw things ahead of others. He was an advocate of economic progress, but also made tireless efforts to advance peace and stability in our region,” he said.
(v) “In India, we deeply valued his friendship and his support for the country’s economic progress and global role.”
India's forex reserves up by $4.26 bn
(i) 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.
(ii) The RBI is cautious about the US Fed’s stand that the rate hike might take place in the later part of the year.
(iii) With higher interest rates in the US, the foreign portfolio investors (FPIs) are expected to be led away from the emerging markets such as India.
(iv) The US Fed dropped an assurance to be “patient” in raising interest rates and signalled the hike could come by mid to late this year.
0 comments:
Post a Comment