12 March 2015 Current Affairs
N Sakthan Elected As Kerala Assembly Speaker
Congress legislator and and deputy speaker N Shakthan was elected as the news speaker of the Kerala Assembly on 12 March. Shakthan belongs to Nadar community, a powerful segment in Southern Kerala, particularly Thiruvananthapuram district. He succeeded G Karthikeyan who died on 7 March 2015 in Bangalore, Karnataka following a prolonged illness.
Rajya Sabha Passed Insurance Laws (Amendment) Bill, 2015
Rajya Sabha on 12 March passed the Insurance Laws (Amendment) Bill, 2015 by voice vote. The Bill was passed by the Lok Sabha on 4 March 2015. The amendment bill replaces ordinance promulgated in this regard and aims to bring improvements and revisions in the existing laws relating to insurance business in India. The bill also seeks to remove archaic provisions in previous laws and incorporate modern day practices of insurance business that are emerging in a changing dynamic environment, which also includes private participation.The amendment bill hikes Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from present 26 percent.
Karnataka Won Ranji Trophy 2015
Defending champions Karnataka on 12 March won their eighth Ranji Trophy title of cricket. Karnataka defeated Tamil Nadu by an innings and 217 runs in the final day of match played at the Wankhede stadium in Mumbai. The man of the match was Karnataka’s Karun Nair who had scored 338 runs.
World Kidney Day 2015 Observed Across The World
World Kidney Day was observed on 12 March 2015 with the theme, Kidney Health for All. World Kidney Day is observed annually on the second Thursday in March. The day is a global health awareness campaign that focuses on the importance of the kidneys and reducing the frequency and impact of kidney disease and its associated health problems worldwide. It is a joint initiative of the International Society of Nephrology (ISN) and the International Federation of Kidney Foundations (IFKF).