Notes:
Leading Indian aircraft carrier SpiceJet launched freighter services from Chennai and Vishakhapatnam to Surat and Kolkata, to assist the transportation of shrimp seeds.
The air cargo arm of SpiceJet called SpiceXpress, will use the Boeing 737 freighter with a 21-tonne carrying capacity will be used in the transportation. This is the first such effort in the proposed routes. In the recent budget, a similar service called ‘Krishi Udaan’ was proposed.

Notes:
The Chief Executive Officer of the Walt Disney Company commonly called as Disney, Bob Iger recently tendered his resignation.
He has served as the CEO of the US-based multi-national mass-media company from 2005. Under his leadership, the company successfully purchased Star Wars, Marvel and Fox’s entertainment businesses. Bob Chapek is to replace Iger as the next CEO. Iger will be the executive chairman till 31 December 2021.

Notes:
The Department for Promotion of Industry and Internal Trade (DPIIT) recently notified that 100 per cent FDI is allowed in insurance intermediaries under automatic approval route.
The FDI policy earlier allowed 49 per cent foreign investment in the insurance sector, including insurance intermediaries. Intermediary services comprise of insurance brokers, re-insurance brokers, insurance consultants, third party administrators, loss assessors etc.

Notes:
The Indian Space Research Organisation (ISRO) announced that geo imaging satellite, GISAT-1 will be launched on March 5.
The Geosynchronous Satellite Launch Vehicle (GSLV-F10) will launch the satellite from Satish Dhawan Space Centre in Sriharikota. The 2275-kg world-class earth observation satellite GISAT-1 will be placed in the geosynchronous transfer orbit.

Notes:
The former of Egypt President Mohammed Hosni Mubarak, passed away recently at the age of 91. He was the President of the country for nearly 30 years.
Mubarak was a former Chief of the country’s Air Force. After he became the Vice President of Egypt in 1981, he assumed power as the President after his predecessor Anwar Sadat was assassinated. After huge protests, Mubarak was forced to step down in 2011.