India has added a 24 GW of solar PV manufacturing capacity in 2023.

India has added a 24 GW of solar PV manufacturing capacity in 2023. In calendar year (CY) 2023, the country added 20.8 gigawatts (GW) of solar modules and 3.2 GW of solar cell capacity. Solar module manufacturing capacity is projected to surpass 150 GW, and cell capacity is expected to reach over 75 GW by 2026. India’s solar module manufacturing capacity reached 64.5 GW, while solar cell manufacturing capacity totaled 5.8 GW as of December 2023. Manufacturing capacity additions in 2023 were primarily driven by the anticipated reimposition of the Approved List of Models and Manufacturers (ALMM) order starting in April 2024, said the report by Mercom India research titled ‘State of Solar PV Manufacturing in India 2024’. The top 10 manufacturers accounted for 62 percent of the module and 100 percent of cell production capacity as of December 2023.


      Only 22.2 GW of the total module production capacity was enlisted under the ALMM order per the updated List–I issued by MNRE as of January 2024.


      Gujarat led the total new capacity addition followed by Rajasthan and Tamil Nadu.

     

 

     

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Indian men’s hockey team goalkeeper PR Sreejesh appointed as co-chairs along with Chile’s Camila Caram, of the International Hockey Federation (FIH) new Athletes Committee.

Indian men’s hockey team goalkeeper PR Sreejesh appointed as co-chairs along with Chile’s Camila Caram, of the International Hockey Federation (FIH) new Athletes Committee. While Caram has been assigned Athletes Committee Representative in the Executive Board, PR Sreejesh will lead the planning and meetings along with Caram in their roles as co-chairs. The FIH Athletes Committee serves as a consultative body and makes recommendations to the FIH Executive Board, FIH Committees, Advisory Panels and other bodies. Sreejesh received the Arjuna Award in 2015 and the Padma Shri in 2017.


      Sreejesh, was first elected as a member of the FIH Athletes Committee in 2017 and has now been appointed as co-chair for the first time.


      The FIH Athletes Committee comprises former and current hockey players.

      The FIH has 140 member countries.

 

     

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ETS India and the Confederation of Indian Industry (CII) signed a Memorandum of Understanding (MoU) to enhance India’s workforce employability.

ETS India and the Confederation of Indian Industry (CII) signed a Memorandum of Understanding (MoU) to enhance India’s workforce employability. The collaboration aims to boost English language proficiency and 21st-century skills among learners and professionals, leveraging ETS's assessments like TOEIC and PSQ. ETS will offer assessments for essential skills and English literacy, enhancing employability in the global job market.


     


     

     

 

     

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The Government of India updated the list of banks authorised to import gold and silver during 2024-25.

The Government of India updated the list of banks authorised to import gold and silver during 2024-25. As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from 1st April 2024. The authorisation will be valid up to 31st March 2025. Three banks -- Indian Overseas Bank, Punjab National Bank, and Union Bank of India -- have authorised by the RBI to import only gold for 2024-25. Gold imports rose 38.76 percent to $44 billion during April-February this fiscal. However, silver imports dipped 11.53 percent to $4.62 billion during the period.


     


     

     

 

     

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UNESCO’s Executive Board has approved the addition of 18 sites to the UNESCO Global Geoparks network.

UNESCO’s Executive Board has approved the addition of 18 sites to the UNESCO Global Geoparks network. This brings the total number of geoparks to 213 in 48 countries. The new geoparks are situated in Brazil, China, Croatia, Denmark, Finland, France, Greece, Hungary, Poland, Portugal and Spain. There is an additional new transboundary geopark spanning Belgium and the Kingdom of the Netherlands. Geoparks serve local communities by combining the conservation of their significant geological heritage with public outreach and a sustainable approach to development. UNESCO does this by facilitating expert missions, tailored training sessions and individual consultations on both a national and local scale, to guide the preparation of applications for UNESCO Global Geopark status.


      The UNESCO Global Geopark designation was created in 2015. It recognizes geological heritage of international significance.


     

     

 

     

United Nations Educational, Scientific and Cultural Organization (UNESCO)
Founded- November 1945; HQ- Paris, France
Director General- Audrey Azoulay
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Bank of Baroda (BoB) has acquired the co-branding rights for three stations of Delhi Metro.

Bank of Baroda (BoB) has acquired the co-branding rights for three stations of Delhi Metro. These stations are Inderlok, South Extension and Rajouri Garden. Delhi Metro Rail Corporation (DMRC) awarded the naming rights to the bank for a period of 10 years, beginning from 2024. In addition to the exclusive co-branding rights, the bank will get a dedicated space for branding, display of products and installation of an ATM/Digital Banking Unit (DBU)/ kiosk to serve customers. The bank's executive director Ajay K Khurana inaugurated the new station branding at Inderlok Metro station.


      The Delhi Metro is India's largest and busiest metro rail system with daily ridership of more than 60 lakh.


     

     

 

     

Bank of Baroda
Founder- Sayajirao Gaekwad III
Founded- 20 July 1908, Vadodara
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The Centre’s fiscal deficit widened in April-February 2024 to ₹15.01 lakh crore, which is about 86.5 percent of Revised Estimate of ₹17.35-lakh crore.

As per data released by the Controller General of Accounts, At Rs15.01 lakh crore, the fiscal deficit for the first 11 months of the current financial year accounts for 86.5 percent of the revised estimate of Rs 17.35 lakh crore. The original budget estimate was Rs17.87 lakh crore. The fiscal deficit in April 2022-February 2023 was 82.8 percent of the target for FY23. In the interim Budget presented on February 1, the central government narrowed its fiscal deficit target for FY24 by 10 basis points to 5.8 percent of GDP, while it aims to bring it down further to 5.1 percent in the next financial year. In February, the Centre's fiscal deficit surged to Rs 3.98 lakh crore, 51.6 percent higher than a year ago. On the whole, total receipts were 11.6 percent more in April 2023-February 2024 than what was collected in the same period of the previous year.


      The Centre's capex more than quadrupled to Rs 84,426 crores in February 2024 from Rs 20,335 crores in the same month last fiscal.


      In the interim Budget for FY25, the Centre slashed the target for capital expenditure during the current fiscal by around Rs 50,000 crores to Rs 9.5 lakh crore.

     

 

     

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Jindal Advanced Materials (JAM) has collaborated with Italy's MAE S.p.A. to invest Rs 2,700 crore to set up a carbon fibre plant of 3,500 metric tonnes annual capacity.

Composite materials producer Jindal Advanced Materials (JAM) has collaborated with Italy's MAE S.p.A. to invest Rs 2,700 crore to set up a carbon fibre plant of 3,500 metric tonnes annual capacity. With the development, JAM is set to become a key supplier of carbon fibre. The facility will offer a comprehensive range of intermediates viz prepregs, fabrics, multiaxial and carbon fibre composites catering to diverse industrial needs. JAM's ambitious plan includes the production of low-tow to high-tow carbon fibres, with the capacity expansion projected to reach 10,000 MT by 2027. The facility is expected to be operational within 30 months and the project will cover the entire value chain from polyacrylonitrile (PAN)- precursor to carbon fibre intermediates.


     


     

     

 

     

Jindal Advanced Materials (JAM)
HQ- Gurgaon, Haryana
Incorporated- 2017
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Sterlite Power and Singapore's GIC have signed definitive agreements to set up a new platform to develop and operate power transmission projects in India.

Sterlite Power and Singapore's GIC have signed definitive agreements to set up a new platform to develop and operate power transmission projects in India. Sterlite Power will own the majority stake of 51% and GIC will own the remaining 49% stake. Sterlite Power is a power transmission infrastructure developer and solutions provider with a portfolio of 33 completed, sold and under-construction projects covering around 15,350 circuit kilometres of transmission lines across India and Brazil.


      India's renewable vision calls for investments in transmission to unlock the full potential of 500 GW of renewable power.


      In India, Sterlite Power has over $2 billion worth of projects under management.

     

 

     

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Bank of Maharashtra approved the appointment of Nidhu Saxena as MD & CEO of the bank for a period of three years effective from 27 March 2024.

Bank of Maharashtra approved the appointment of Nidhu Saxena as the managing director & chief executive officer (MD & CEO) of the bank for a period of three years effective from 27 March 2024. The appointment will be in effect for a term of three years with effect from the date of assumption of office from 27 March 2024 or until further orders, whichever is earlier. He started his banking career at Bank of Baroda and later moved to UCO Bank. He has over 26 years of experience working in diversified areas of banking. Prior to joining Bank of Maharashtra, he was the Executive Director of Union Bank of India. During his tenure, he worked in all key banking functions and has been in several positions such as Branch Head, Zonal Head and Vertical Head.


     


     

     

 

     

Bank of Maharashtra
HQ- Pune
Founded- September 1935; Tagline – One Family One Bank
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Standard Chartered Bank sold its entire 7.18 percent stake in Central Depository Services (India) Ltd for Rs1,266 crore through an open market transaction.

Standard Chartered Bank sold its entire 7.18 percent stake in Central Depository Services (India) Ltd for Rs1,266 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL). The shares were disposed of at an average price of Rs 1,688.64 apiece, taking the transaction value to Rs 1,266.48 crore.


      As of December 2023, Standard Chartered Bank had owned a 7.18 percent stake in CDSL.


     

     

 

     

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Skyroot Aerospace has successfully test-fired the Stage-2 of Vikram-1 space launch vehicle, called Kalam-250.

Skyroot Aerospace has successfully test-fired the Stage-2 of Vikram-1 space launch vehicle, called Kalam-250. The test was conduct at the propulsion testbed of the Indian Space Research Organisation (ISRO), at its Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh. The test, which lasted 85 seconds, achieved a peak sea-level thrust of 186 kilonewtons (kN), expected to reach around 235kN in the vacuum of space. The Kalam-250 stage is constructed from high-strength carbon composite materials and runs on solid fuel alongside an advanced Ethylene-Propylene-Diene terpolymers (EPDM) thermal protection system. The solid propellant used in the Kalam-250 was processed at Solar Industries' unique facility in Nagpur.


      Previously, Skyroot had successfully tested the Kalam-100, the third stage of Vikram-1, in June 2021.


     

     

 

     

Skyroot Aerospace Private Limited
Founded- June 2018; HQ- Hyderabad, Telangana
Founders- Pawan Kumar Chandana, Naga Bharath Daka
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The first production series fighter of LCA Tejas Mark-1A, an advanced variant of the LCA Mk-1, completed its maiden flight in Bengaluru.

The first production series fighter of LCA Tejas Mark-1A, an advanced variant of the LCA Mk-1, completed its maiden flight in Bengaluru. According to HAL, the Tejas Mk1A aircraft did a successful sortie with a flying time of 18 minutes. The plane was piloted by Chief Test Pilot Group Captain K K Venugopal (Retired). The Tejas Mk1A will have an advanced electronic RADAR, warfare and communication systems, additional combat capability and improved maintenance features.


      HAL had signed a Transfer of Technology (ToT) agreement with CSIR-National Aerospace Laboratories (CSIR-NAL) on November 8, 2023.


     

     

 

     

Hindustan Aeronautics Limited
Founded- December 1940
HQ- Bengaluru
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World Piano Day 2024 has celebrated on 28th March 2024.

International Piano Day is celebrated annually on the 88th day of the year. World Piano Day 2024 has celebrated on 28th March 2024. Marking the 88th day of the year, this date symbolizes the 88 keys on a standard piano keyboard, a fitting tribute to the instrument’s unique characteristics. World Piano Day traces its roots back to 2015 when it was officially established to celebrate the piano’s magnificence. World Piano Day holds significant importance for pianists, enthusiasts, and music lovers globally. German pianist and composer Nils Frahm started World Piano Day in 2015.


     


     

     

 

     

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According to the annual India TB report, India has witnessed a 16% decline in tuberculosis (TB) incidence from 2015 to 2022.

According to the annual India TB report, India has witnessed a 16% decline in tuberculosis (TB) incidence from 2015 to 2022. The National TB Elimination Programme, India TB Report 2024, also highlighted that 25.55 lakh cases of TB were notified last year, the highest since the launch of the National Tuberculosis Elimination Programme (NTEP) in the 1960s. Uttar Pradesh recorded the highest number of TB case notifications compared to the previous year, followed by Bihar. Out of the total notified cases, over 8.4 lakh cases were from the private sector, marking a 1.17% increase from 2022 and a significant rise since 2017. India achieved a case notification rate of approximately 179 cases per lakh population in 2023, narrowing the coverage gap to 0.2 million. Out of the total TB cases notified in 2023, 60.7% were men, 39.2% women, and 0.04% transgender.


      Tuberculosis (TB) is an infectious disease caused by the bacteria Mycobacterium tuberculosis. It primarily affects the lungs but can also impact other parts of the body.


     

     

 

     

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The Ministry of Rural Development has notified a 3-10 percent increase in the wage rate of MGNREGA workers in nominal terms for the financial year 2024-25.

The Ministry of Rural Development has notified a 3-10 percent increase in the wage rate of MGNREGA workers in nominal terms for the financial year 2024-25. The increase is similar to the hike announced for the current financial year. The new wage rates will come into force from April 1, 2024. In terms of percentage increase, wage rates in Uttar Pradesh and Uttarakhand have seen the lowest 3 per cent increase in 2024-25 as compared to 2023-24 while that of Goa will see the highest increase of 10.6 percent. The increase in the wages at that time for different states varied from 2 percent to 10 percent. Karnataka, Goa, Meghalaya and Manipur were among the states which registered the lowest percentage increase in wages. Rajasthan had registered the highest percentage increase in the MNREGA wages. The revised rate for Rajasthan was Rs255 against Rs231 in 2022. Bihar and Jharkhand came second in terms of percentage increase in wages, with the rates being hiked by around eight per cent compared to 2022. In 2022, the wages of an MNREGA worker in these two states was Rs210, which was increased to Rs 228 in 2023.


      The last revision in MGNREGA wages was notified on March 24, 2023.


     

     

 

     

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Israel Aerospace Industries (IAI) inaugurated its Indian subsidiary, AeroSpace Services India (ASI), in New Delhi.

Israel Aerospace Industries (IAI) inaugurated its Indian subsidiary, AeroSpace Services India (ASI), in New Delhi. Israel Aerospace Industries refers to an Indian government initiative to increase the country’s self-reliance. Based in New Delhi, ASI employs a workforce of 50, of whom 97% are Indian nationals. By working locally, ASI aims to reduce turnaround time and lower the cost of repairs and service operations. ASI trades in Indian Rupees and is the sole authorized original equipment manufacturer’s Technical Representative for the entire Medium Range Surface-to-Air Missile (MRSAM) system used by the Indian Army, Air Force, and Navy.


      MRSAM is jointly developed by IAI and India’s Defence Research & Development Organisation for the Indian forces.


     

     

 

     

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According to a new United Nations report, The world wasted an estimated 19 percent of the food produced globally in 2022, or about 1.05 billion metric tons.

According to a new United Nations report, The world wasted an estimated 19 percent of the food produced globally in 2022, or about 1.05 billion metric tons. The U.N Environment Programme’s Food Waste Index Report, published, tracks the progress of countries to halve food waste by 2030. The number of countries reporting for the index nearly doubled from the first report in 2021. The 2021 report estimated that 17 percent of the food produced globally in 2019, or 931 million metric tons (1.03 billion tons), was wasted, but authors warned against direct comparisons because of the lack of sufficient data from many countries. The report is co-authored by UNEP and Waste and Resources Action Programme, an international charity. Most of the waste — 60 percent — came in households. About 28 percent came from food service, or restaurants, with about 12 percent from retailers.


      The report comes at a time when 783 million people around the world face chronic hunger and many places facing deepening food crises.


      Food loss and waste generates 8 percent to 10 percent of global greenhouse gas emissions.

     

 

     

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Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re) and the New India Assurance Company continue to be identified as Domestic Systemically Important Insurers (D-SIIs) by the Insurance Regulatory and Development Authority of India (IRDAI).

Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re) and the New India Assurance Company continue to be identified as Domestic Systemically Important Insurers (D-SIIs) by the Insurance Regulatory and Development Authority of India (IRDAI). The perception and the perceived expectation of government support by these entities is likely to amplify risk-taking, reduce market discipline, create competitive distortions and increase the possibility of distress in the future. D-SIIs are subjected to additional regulatory measures to deal with systemic risks and moral hazard issues with an increased level of corporate governance and the need for these insurers to identify all relevant risks and promote a sound risk management framework and culture.


      LIC, GIC Re, and New India continue to be identified as Domestic Systemically Important Insurers (D-SIIs), as in the 2022-23 list of D-SIIs.


      D-SIIs are insurance companies which are perceived as ‘too big or too important to fail’ (TBTF) based on their size, market importance, and domestic and global interconnectedness.

      LIC and New India are the largest life and general insurance companies in the country, respectively. Meanwhile, GIC Re is the sole Indian reinsurer.

 

     

Insurance Regulatory and Development Authority of India(IRDAI)
Chairperson- Debasish Panda
HQ- Hyderabad
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The Reserve Bank of India (RBI) has modified norms for regulated entities (REs) concerning their investments in Alternative Investment Funds (AIFs).

The Reserve Bank of India (RBI) has modified norms for regulated entities (REs) concerning their investments in Alternative Investment Funds (AIFs). The Provisions apply to banks and other financial institutions (called REs). Under the new rule, regulated entities (REs) must reserve funds only for the portion of their investment in the AIF scheme that is subsequently invested by the AIFs in a debtor’s company, not for the entire investment in the AIF scheme. The circular doesn’t apply to investments made by REs in AIFs through intermediaries like fund of funds or mutual funds.


      Alternative Investment Funds (AIFs) are private investment pools created in India.


      AIFs function in accordance with the SEBI (Alternative Investment Funds) Regulations of 2012.

      In December 2023, the RBI had stopped REs from investing in AIF units that had downstream investments in any debtor’s company of the REs.

 

     

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India has released the second tranche of Rs500 crore to Bhutan for the development of infrastructure related to the GyalSung Project.

India has released the second tranche of Rs500 crore to Bhutan for the development of infrastructure related to the GyalSung Project. The first tranche of Rs500 crore was released on January 28 earlier this year. With this, the Government of India has released a total of Rs1,000 crore to the Government of Bhutan under the Memorandum of Understanding on the concessionary financing arrangements for the GyalSung Infrastructure Project. The MoU, signed in January 2024, provides a framework for the disbursal of Rs1,500 crore as concessionary financing to the Government of Bhutan for infrastructure development related to the GyalSung academies. This financing arrangement is in addition to the Government of India’s Plan Assistance to the Government of Bhutan.


     


     

     

 

     

Bhutan
Capital- Thimphu
Currencies- Bhutanese Ngultrum, Indian Rupee
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Kamal Kishore has been appointed as assistant secretary-general and special representative of the secretary-general for disaster risk reduction, United Nations Office for Disaster Risk Reduction (UNDRR).

Kamal Kishore has been appointed as assistant secretary-general and special representative of the secretary-general for disaster risk reduction, United Nations Office for Disaster Risk Reduction (UNDRR). Kishore, in his current position at the National Disaster Management Authority (NDMA), holds the rank of secretary to the government of India. He succeeds Mami Mizutori of Japan at UNDRR. As part of India's G20 presidency, Kishore led the G20 Working Group on Disaster Risk Reduction. He also contributed to the development of the Coalition for Disaster Resilient Infrastructure, launched by Prime Minister Narendra Modi at the Climate Action Summit in 2019. Before joining the NDMA, Kishore spent nearly 13 years with the United Nations Development Programme (UNDP) in Geneva, New Delhi and New York.


     


     

     

 

     

United Nations Office for Disaster Risk Reduction (UNDRR)
Founded- December 1999
HQ- Geneva, Switzerland
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China successfully launched the Yunhai-3 02 satellite from the Taiyuan Satellite Launch Center in Shanxi Province.

China successfully launched the Yunhai-3 02 satellite from the Taiyuan Satellite Launch Center in Shanxi Province, marking a significant advancement in atmospheric and space monitoring capabilities. Designed for multifaceted applications, the Yunhai-3 02 satellite will primarily focus on atmospheric and marine environment surveys, space environment monitoring, disaster prevention, reduction efforts, and scientific experiments. This launch signifies the 514th mission of the Long March series carrier rockets, highlighting China’s continued commitment to space exploration and technological advancement. The deployment of the Yunhai-3 02 satellite underscores China’s dedication to enhancing its capabilities in environmental monitoring and disaster management, contributing to global scientific research endeavors.


     


     

     

 

     

China
Capital- Beijing
President- Xi Jinping
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IIT Madras has partnered up with French aerospace and defence firm Starburst Accelerator SARL to set up an innovative hub for start-ups with a funding support of €100 million.

The Indian Institute of Technology, Madras (IIT Madras) has partnered up with French aerospace and defence firm Starburst Accelerator SARL to set up an innovative hub for start-ups with a funding support of €100 million. IIT-Madras will enable Starburst to set up accelerator programmes to ASD ecosystem in India. This partnership will enable export promotion and provide support for Indian ASD startups to explore international markets through the extensive network of Starburst. An MoU towards this collaboration was signed at IIT-Madras campus.


     


     

     

 

     

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Writer and former chairman of Karnataka Sahithya Academy Prof Dr Gurulinga Kapse passed away.

Writer and former chairman of Karnataka Sahithya Academy Prof Dr Gurulinga Kapse passed away. Born in BK Loni village of Indi taluk in Vijayapura district, Kapse had written a thesis on the life and works of litterateur Madhurachanna. He has also written on philosophy, spirituality and Kannada prose and poetry besides editing several felicitation volumes. Kapse, who served as the professor of Kannada at Karnatak College in Dharwad, was honoured with Karnataka Sahitya Academy and Nataka Academy awards. He has served as chairman of Karnataka Sahithya Academy.


     


     

     

 

     

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Best-selling psychologist and Nobel Prize-winning economist Daniel Kahneman passed away.

Best-selling psychologist and Nobel Prize-winning economist Daniel Kahneman passed away. Daniel Kahneman was an Israeli-American author, psychologist, and economist notable for his work on hedonism, the psychology of judgment, and decision-making. He is also known for his work in behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences shared with Vernon L. Smith.


     


     

     

 

     

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The Zoological Survey of India published a book entitled, ‘An illustrated guide to the Lepidoptera of India: taxonomic procedures, family characters, diversity and distribution’.

The Zoological Survey of India published a book entitled, ‘An illustrated guide to the Lepidoptera of India: taxonomic procedures, family characters, diversity and distribution’. The Book is authored by Dr Dhriti Banerjee, Director, Zoological Survey of India (ZSI) along with Dr Navneet Singh, Dr Rahul Joshi and Dr P. C Pathania, Scientists of ZSI and a Lepidoptera expert from Hong Kong, Dr R.C Kendrick. The book outlines the methods to collect and curate voucher material in the field, taxonomic procedures followed in laboratory, superfamily and family level identification and the knowledge about the lepidopteran diversity and patterns of distribution, globally.


     


     

     

 

     

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Justice Ritu Raj Awasthi was sworn in as the new judicial member of Lokpal of India.

Justice Ritu Raj Awasthi was sworn in as the new judicial member of Lokpal of India by the Chairperson of Lokpal, Justice A.M Khanwilkar, at the Lokpal of India office in New Delhi on 27 March 2024. He replaces Justice P.K Mohanty and Justice Abhilasha Kumari, who had completed their tenure on 26 March 2024. New appointments were also made for three other members, namely, D.K Jain, Archana Ramasundaram, and Mahender Singh, who have completed their tenure on 26 March 2024. Justice Awasthi, was earlier the Chairperson of the 22 Law Commission of India and the Chief Justice of Karnataka High Court before joining Lokpal of India.


     


     

     

 

     

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SBI Mutual Fund acquired a 3% stake or 20.73 lakh shares in Savita Oil Technologies in the block deal.

SBI Mutual Fund acquired a 3% stake or 20.73 lakh shares in Savita Oil Technologies in the block deal. Before this recent transaction, the promoters of Savita Oil Technologies held a 71.92% stake in the company, based on the December shareholding pattern. Among public shareholders, HDFC Mutual Fund is the sole entity holding a 7.4% stake in the company. Savita Oil Technologies operates as a prominent manufacturer and distributor of greases, transformer oils, industrial oils, and petroleum products.


      Currently, shares of Savita Oil Technologies are trading 8% higher at ₹444.9.


     

     

 

     

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Global Brokerage firm Morgan Stanley raised India's GDP growth estimates for FY25 to 6.8 percent from 6.5 percent earlier on the back on continued traction in industrial and capex activity.

Global Brokerage firm Morgan Stanley raised India's GDP growth estimates for FY25 to 6.8 percent from 6.5 percent earlier on the back on continued traction in industrial and capex activity. The forecast for FY24 GDP stood at 7.9 percent. GDP growth to track at around 7 percent in QE Mar-24 with GVA growth of 6.3 percent and thus F2024e GDP growth of 7.9 percent. CPI inflation to track at 4.5 percent in F2025e and F2026e and current account deficit at 1 percent of GDP in F2025e and F2026e.


     


     

     

 

     

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Kerala Animal Husbandry Minister J. Chinchurani released a book titled 'A Compendium on Non-Native Organisms of India' in a function, held at T.K Madhava Memorial (TKMM) College, Nangiarkulangara.

Kerala Animal Husbandry Minister J. Chinchurani released a book titled 'A Compendium on Non-Native Organisms of India' in a function, held at T.K Madhava Memorial (TKMM) College, Nangiarkulangara. The book containing information about invasive species identified from different parts of Alappuzha, the challenges they pose and measures to check their spread were co-authored by Kerala University Aquatic Biology and Fisheries department honorary professor K.V Jayachandran, TKMM College faculties. The book was published following a three-day national workshop on ‘invasive species- monitoring and management’ organised by the Zoology department of the college with the financial assistance of the Department of Environment and Climate Change last month.


     


     

     

 

     

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World Theatre Day is annually celebrated on 27 March to encourage theater's development and to increase public awareness of its importance in our lives.

World Theatre Day is annually celebrated on 27 March to encourage theater's development and to increase public awareness of its importance in our lives. The inaugural World Theatre Day was observed in 1962, marking the beginning of the event's history. In order to promote the value and significance of World Theatre Day all throughout the world, the International Theatre Institute (ITI) took the initiative in 1961. Every year on this day, a certain message is spoken about by a renowned theatre performer. The first message in 1962 was spoken by Jean Cocteau and ITI has more than 85 centers all over the world.


     


     

     

 

     

International Theatre Institute (ITI)
Founded- 1948
HQ- Shanghai, China
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Current account deficit (CAD) narrowed sequentially to $10.5 billion in the quarter ended December 2023 (Q3 FY24), 1.2 percent of gross domestic product (GDP), from $11.4 billion in Q2 FY24 (1.3 percent of GDP).

Current account deficit (CAD) narrowed sequentially to $10.5 billion in the quarter ended December 2023 (Q3 FY24), 1.2 percent of gross domestic product (GDP), from $11.4 billion in Q2 FY24 (1.3 percent of GDP). The deficit was also down from $16.8 billion or 2 percent of GDP in the year-ago period (Q3 FY23). Reserve Bank of India (RBI) data showed that the rise in net services receipts more than compensated for a slight rise in merchandise trade deficit in Q3 FY24. Services exports grew by 5.2 percent year-on-year (Y-o-Y) on the back of rising exports of software, business and travel services.


      The merchandise trade deficit was at $71.6 billion in Q3 FY24 compared to $71.3 billion a year ago.


      Net services receipts rose to $45 billion in Q3 from $38.7 billion in Q3 of last year.

     

 

     

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Earth Hour 2024 was observed on 23rd March.

Earth Hour, a world initiative, is observed annually on the last Saturday of March to raise awareness about climate change and promote energy conservation. Earth Hour 2024 was observed on 23rd March. To observe the day, people around the world switch off their lights for an hour as a symbol of committing to the planet Earth. This year, on Earth Hour, people will be shutting down their lights for an hour from 8:30 pm to 9:30 pm their local time. The day was initiated and organised by the World Wildlife Fund (WWF), which aimed to encourage individuals worldwide to come forward to preserve energy. For its 18th edition this year, people from 190 countries and territories are expected to participate by switching off non-essential lights on March 23. It was first observed on March 31, 2007, at 7:30 pm as per the local time in Sydney, urging residents to turn off their lights.


     


     

     

 

     

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Telecom Regulatory Authority of India (TRAI) has released recommendations on ‘Usage of Embedded SIM for Machine-to-Machine (M2M) Communications’.

Telecom Regulatory Authority of India (TRAI) has released recommendations on ‘Usage of Embedded SIM for Machine-to-Machine (M2M) Communications’. With the rolling out of 5G services in the country, the opportunities for M2M ecosystem have expanded greatly, offering increased scope for applications in various sectors of the economy such as agriculture, transportation, healthcare and industrial automation. These recommendations are aimed at streamlining the regulatory landscape of M2M embedded SIM (eSIM) in India. Through these recommendations, the Authority has laid emphasis on ensuring security by way of proper Know Your Customer (KYC), which is essential for ensuring network security, mitigating fraud risks and enhancing the overall integrity of the M2M eSIM ecosystem. The Authority has also recommended a framework for profile switching of eSIMs and swapping of SM-SR. This will provide significant flexibility to the M2M eSIM users and will promote healthy competition in the sector.


     


     

     

 

     

Telecom Regulatory Authority of India (TRAI)
HQ- New Delhi
Founded- February 1997
__________________________________________

As per the India Employment Report 2024 released by the International Labour Organisation (ILO) and the Institute of Human Development (IHD), India’s youth account for almost 83% of the unemployed workforce.

As per the India Employment Report 2024 released by the International Labour Organisation (ILO) and the Institute of Human Development (IHD), India’s youth account for almost 83% of the unemployed workforce. Over 10 million job seekers registered with the National Career Service portal between 2015–16 and 2019. Among them, nearly 64 percent were men and 83 percent were youths aged 15–34. The educated unemployment rate increased over the past 22 years, but with a sharp decline between 2019 and 2022. In 2022, the unemployment rate among youths was six times greater for those who had completed secondary education or higher (18.4 percent) and nine times higher for graduates (29.1 percent) than for persons who could not read or write (3.4 percent). India’s youth population accounted for 27% of the total in 2021, and is projected to decline to 23% by 2036. The study also said that the country is likely to add around 7-8 million people to its workforce in the next decade.


     


     

     

 

     

International Labour Organization (ILO)
Founded- 1919
HQ- Geneva, Switzerland
__________________________________________

Axis Bank has introduced digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat.

Axis Bank has introduced digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat. With this introduction, Axis Bank becomes the first bank to offer a digital journey for GIFT City Deposits. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'. This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them an end-to-end digital paperless solution and eliminating the need for physical documentation. Besides seamlessly opening an FD account anytime from anywhere, customers can also track and manage their FD digitally.


      The US Dollar fixed deposit also offers a wide range of investment tenures from seven days up to ten years.


     

     

 

     

Axis Bank
Founded- 1993; HQ- Mumbai
CEO- Amitabh Chaudhry
__________________________________________

NTPC Ltd has signed a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs1,650 crore).

NTPC Ltd has signed a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs1,650 crore). Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 percent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee. The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL). The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' ("GREEN") for projects which ensure the conservation of the global environment. The loan proceeds shall be utilized by NTPC for funding part of its capex requirements for Flue Gas Desulphurization (FGD) which substantially reduces the SOx emission in the flue gases of thermal power stations.


      This is the second loan for NTPC under JBIC's GREEN operations in India.


     

     

 

     

NTPC Ltd
Founded- November 1975; HQ- New Delhi
CEO- Gurdeep Singh
__________________________________________

PayU launched a first-of-its-kind Downpayment EMI solution.

PayU launched a first-of-its-kind Downpayment EMI solution that enables customers to make a partial payment upfront while remaining can be converted into easy EMIs, making high-ticket purchases more affordable & accessible. PayU merchant partners can now offer their customers the flexibility to decide the downpayment amount with Credit Card EMI, and even combine UPI with Credit Card EMIs for greater affordability and convenience. This no-code solution offers No Cost EMI with pre-decided downpayment options and control over subvention, helping merchants increase revenues and empower customers to save on EMI interests while fulfilling their aspirations.


     


     

     

 

     

PayU
CEO- Laurent le Moal
__________________________________________

Star Housing Finance has signed a co-lending arrangement with Tata Capital Housing Finance.

Semi-urban and rural housing finance-focussed Star Housing Finance has signed a co-lending arrangement with Tata Capital Housing Finance. The co-lending pact aims to lend to economically weaker sections (EWS) and low-income group (LIG) at more affordable rates by leveraging the strength of Tata Capital Housing and the distribution network of Star Housing. With this technology-powered co-lending approach, the lenders aim to serve customers across multiple geographies with differential origination capabilities and differential level of franchise on the borrower base.


     


     

     

 

     

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According to a report Brand Finance Insurance 100 2024, Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally.

According to a report Brand Finance Insurance 100 2024, Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally. LIC's brand value remains steady at USD 9.8 billion, accompanied by a brand strength index score of 88.3 and an associated AAA brand strength rating. Following LIC, the rankings highlight Cathay Life Insurance as the second strongest brand, experiencing a 9 percent increase in brand value to USD 4.9 billion, closely followed by NRMA Insurance, which saw an 82 percent rise in brand value to USD 1.3 billion.


     


     

     

 

     

Brand Finance
Established- 1996
HQ- London, UK
__________________________________________

The Supreme Court (SC) has constituted an expert committee to balance the conservation and protection of the endangered Great Indian Bustard bird population.

The Supreme Court (SC) has constituted an expert committee to balance the conservation and protection of the endangered Great Indian Bustard bird population. The Supreme Court, led by Chief Justice DY Chandrachud, appoints an expert committee to tackle the critical endangerment of the Great Indian Bustard. The court has sought a report from the committee by July and listed the matter for the second week of August 2024. The committee includes the Director, Wildlife Institute of India, Dehradun; Hari Shankar Singh, Member, the National Board for Wildlife; Niranjan Kumar Vasu, Ex-Principal Chief Conservator of Forest; B. Majumdar, former Chief Wildlife Warden and Principal Chief Conservator of Forest, Maharashtra; and Devesh Gadhavi, Deputy Director, The Corbett Foundation, among others. The committee will determine the scope, feasibility and extent of overhead and underground electric lines in the area identified as priority area in the reports of the Wild Life Institute of India in the States of Rajasthan and Gujarat.


     


     

     

 

     

Supreme Court
Chief Justice of India- Dr Justice Dhananjaya Y Chandrachud
HQ- New Delhi
__________________________________________

Maharashtra Anti-Terrorism Squad chief Sadanand Vasant Date has been appointed as the Director General of the National Investigation Agency (NIA).

Maharashtra Anti-Terrorism Squad chief Sadanand Vasant Date has been appointed as the Director General of the National Investigation Agency (NIA). Date is a 1990-batch Indian Police Service (IPS) officer of Maharashtra cadre. The Appointments Committee of the Cabinet (ACC) has approved the appointment of Date as the Director General (DG) of the NIA for a tenure up to his superannuation on 31 December 2026. He will succeed Dinkar Gupta, who is due to superannuate on March 31. The ACC also appointed Rajeev Kumar Sharma, a 1990-batch IPS officer of Rajasthan cadre, as the Director General of the Bureau of Police Research & Development. He will have a tenure up to his superannuation on 30 June 2026. Sharma will succeed Balaji Srivastava, who completes his tenure at March end. Piyush Anand will be the new chief of the National Disaster Response Force (NDRF). He has been appointed as the DG of the NDRF for a period of two years. Anand will replace Atul Karwal, retiring on March 31.


      The ACC also appointed S Suresh, a 1995-batch IPS officer of Kerala cadre, as the Additional Director General of the Special Protection Group (SPG).


     

     

 

     

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The Election Commission of India has launched 'Saksham App' to facilitate easier voting for Persons with Disabilities and to avail facilities at Polling Stations.

The Election Commission of India has launched 'Saksham App' to facilitate easier voting for Persons with Disabilities and to avail facilities at Polling Stations. This initiative aims to address the needs of voters above 85 years of age and Persons-with-Disabilities (PWDs) with a 40 percent benchmark disability, allowing them to cast their votes from the comfort of their homes. To further facilitate accessible voting, the ECI has mandated the availability of volunteers and wheelchairs at every polling station. These volunteers will assist elderly voters and PwDs in navigating the polling station and casting their votes. The app provides information on accessible polling stations, available facilities, and assistance for PwDs.


      The ECI’s motto, “no voter is left behind,” underscores its commitment to inclusive and accessible elections.


     

     

 

     

Election Commission of India
Founded- 25 January 1950; HQ- New Delhi
Election Commissioner- Rajiv Kumar
__________________________________________

Pharmaceutical manufacturer Akums launched India's first indigenous hydroxyurea oral solution, which is used for the treatment of sickle cell disease in children.

Pharmaceutical manufacturer Akums launched India's first indigenous hydroxyurea oral solution, which is used for the treatment of sickle cell disease in children. The drug will be provided to the government at the cost of R600, which is nearly 1% of the R77,000 that the medicine currently available globally costs. The new formulation offers a cost-effective alternative to imported brands in the country. Designed for ease of use across all age groups suffering from sickle cell disease, Hydroxyurea oral suspension will be offered as oral syringes to guarantee precise dosage, enhancing patient compliance and treatment efficacy.


      Akums’ novel oral suspension drug will be available for Rs600, making it highly accessible to patients.


     

     

 

     

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Ferrari's Carlos Sainz won the Australian Grand Prix, the third round of the 2024 Formula 1 World Championship, in Melbourne.

Ferrari's Carlos Sainz won the Australian Grand Prix, the third round of the 2024 Formula 1 World Championship, in Melbourne. Sainz beat Charles Leclerc and Lando Norris at the Albert Park Circuit. Lando Norris was third for McLaren. Sergio Perez finished fifth for Red Bull, one ahead of Aston Martin’s Fernando Alonso, with Alonso’s team mate Lance Stroll seventh. Yuki Tsunoda finished eighth to deliver RB their first points, with ninth-placed Nico Hulkenberg and Kevin Magnussen rounding out the top 10.


     


     

     

 

     

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The Central Bureau of Investigation (CBI) and European Union Agency for Law Enforcement Cooperation (Europol) signed a Working Arrangement for establishing cooperative relations between the law enforcement authorities of these two organisations.

The Central Bureau of Investigation (CBI) and European Union Agency for Law Enforcement Cooperation (Europol) signed a Working Arrangement for establishing cooperative relations between the law enforcement authorities of these two organisations. The Working Arrangement was signed by CBI Director Praveen Sood and Executive Director of Europol, Catherine De Bolle. The signing was concluded in a virtual event held simultaneously in New Delhi and the Hague in presence of senior CBI and Europol officials. This arrangement promotes direct cooperation between both organizations to build on their respective mandates, strategies and to explore the potential for synergies. This working arrangement not only brings together CBI and Europol but also enables wide cooperation between all law enforcement agencies in India and and all law enforcement agencies of 27 European countries that Europol represents as well as third countries and organizations associated with Europol.


     


     

     

 

     

Europol
HQ- The Hague, Netherlands
Jurisdiction- European Union
__________________________________________

On 23 March 2024, Indian Navy completed 100 days of the ongoing maritime security operations under the aegis of ‘Op Sankalp’.

On 23 March 2024, Indian Navy completed 100 days of the ongoing maritime security operations under the aegis of ‘Op Sankalp’. During this time, the Indian Navy has responded to 18 incidents and has played a pivotal role as the ‘First Responder’ and ‘Preferred Security Partner’ in the Indian Ocean Region. The significance of IN’s contributions has been further underscored with the culmination of actions against the hijacking of MV Ruen. Since the last 100 days, the naval ships, aircraft and Special Forces have demonstrated an unflinching resolve to ‘secure the seas’ and protect the maritime community from various non-traditional threats present in the region. The arduous efforts of IN since December 2023 involved deployment of over 5000 personnel at sea, over 450 ship days (with over 21 ships deployed) and 900 hours of flying by the maritime surveillance aircraft to address threats in the maritime domain.


      Operation Sankalp was launched on 14 December 2023.


     

     

 

     

Indian Navy
Motto- Sam no Varunah
HQ- New Delhi
__________________________________________

The 4th edition of the Shanghai Cooperation Organisation (SCO) Startup Forum was organized on 19th March 2024 in New Delhi.

The 4th edition of the Shanghai Cooperation Organisation (SCO) Startup Forum was organized on 19th March 2024 in New Delhi. The initiative focused on broadening startup interactions among the SCO Member States, fostering an environment conducive to innovation, promoting job creation, and inspiring young talent to develop innovative solutions. The plenary session of the forum witnessed physical participation from SCO Member States. The workshop included an interactive session to understand various models of setting up seed funds to support early-stage startups.


      India will host the second meeting of the SWG in November 2024 and SCO Startup Forum 5.0 in January 2025.


      All Member States agreed to create a Special Working Group for Startups and Innovation (SWG) at the Summit of SCO Heads of State in Samarkand, Uzbekistan on 16th September 2022.

     

 

     

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The board of the Insurance Regulatory and Development Authority of India (IRDAI) has given approval to 8 principle-based regulations.

The board of the Insurance Regulatory and Development Authority of India (IRDAI) has given approval to 8 principle-based regulations. The key approvals include regulations for insurance products, which now include surrender value regulations that will comprise both guaranteed surrender value and special surrender value. The regulatory changes under rural, social sector, and motor third-party (TP) insurance have also been updated. For rural obligations, the unit of measurement will now be the gram panchayat. The insurance watchdog has also approved regulations concerning the registration, capital structure, transfer of shares, and amalgamation of insurers in addition to giving the green light for corporate governance regulations. The IRDAI board has also finalised regulations related to the registration and operations of foreign reinsurance branches.


      Another key approval the regulatory authority expedited is for the 'Bima Sugam' platform.


      Bima Sugam is an Amazon-like government-backed online marketplace for insurance, which allows policyholders to compare premiums and purchase a wide array of insurance products, including life, health, motor, and travel insurance.

      The regulator granted the certificate of registration to standalone health insurer Galaxy Health and Allied Insurance, which can now start operations.

 

     

Insurance Regulatory and Development Authority of India(IRDAI)
Chairperson- Debasish Panda
HQ- Hyderabad
__________________________________________

Aditya Birla Housing Finance Limited (“ABHFL”) has launched ‘ABHFL- Finverse’, a unified digital lending platform.

Aditya Birla Housing Finance Limited (“ABHFL”), a fully owned subsidiary of Aditya Birla Capital Limited, has launched ‘ABHFL- Finverse’, a unified digital lending platform aimed at re-imagining the home loan experience for customers. The platform will digitise the entire lending process from prospecting to disbursement, providing customers with a seamless experience journey, faster turnaround of loan application, greater transparency of loan status and real-time updates. With a seamless digital interface, ABHFL-Finverse serves as a holistic digital ecosystem, connecting customers, partners, employees, and vendors on a common platform, thus resonating with ABHFL's focus on customer satisfaction and convenience.


     


     

     

 

     

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Reigning Olympic and Asian Games gold medalist in Javelin Throw, Neeraj Chopra was appointed as the newest brand ambassador of Eveready Industries India Ltd (EIIL).

Reigning Olympic and Asian Games gold medalist in Javelin Throw, Neeraj Chopra was appointed as the newest brand ambassador of Eveready Industries India Ltd (EIIL). With this collaboration, the brand aims to enhance its connection with the youth. Through this collaboration, Eveready aims to strengthen its commitment to excellence and innovation by launching the new Ultima Alkaline battery series. Neeraj Chopra symbolizes a shared pursuit of continuous improvement, innovation, more power, and dedication towards excellence, bridging the worlds of sports and the spirit of the youth.


     


     

     

 

     

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Tata Sons sold 2.34 crore shares or 0.65 percent equity in Tata Consultancy Services through a block deal for ₹9,362.3 crore ($1.13 billion).

Tata Sons sold 2.34 crore shares or 0.65 percent equity in Tata Consultancy Services through a block deal for ₹9,362.3 crore ($1.13 billion). According to the term sheet, seen by businessline, the floor price of the deal has been fixed at ₹4,001 a share, a discount of 3.65 percent to the closing price of TCS. According to the December-end filing, Tata Sons holds a 72.38 percent stake in TCS.


      Tata Sons had a net debt of ₹20,642.47 crore as on March-end 2023, while its revenue in FY23 was ₹35,058.47 crore.


     

     

 

     

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The International Astronomical Union (IAU) has given its stamp of approval to the name 'Statio Shiv Shakti' for the landing site of India's Chandrayaan-3 mission.

The International Astronomical Union (IAU) has given its stamp of approval to the name 'Statio Shiv Shakti' for the landing site of India's Chandrayaan-3 mission. This decision, announced on 19th March 2024, follows Prime Minister Narendra Modi's declaration of the name after the successful mission on August 26, 2023. The name 'Shiva Shakti' is derived from Indian mythology, symbolising the duality of nature with the masculine aspect represented by Shiva and the feminine aspect by Shakti. Prime Minister Modi, addressing scientists at the Indian Space Research Organisation (ISRO) Command Centre on August 28, 2023, revealed the decision to christen the Chandrayaan-3 landing site as "Shiv Shakti Point".


     


     

     

 

     

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India’s Sreeja Akula won the women’s singles title at the WTT Feeder Beirut II 2024 table tennis tournament at the Al Kawthar Secondary School in Lebanon.

India’s Sreeja Akula won the women’s singles title at the WTT Feeder Beirut II 2024 table tennis tournament at the Al Kawthar Secondary School in Lebanon. Akula, the world No. 47, beat Luxembourg’s Sarah De Nutte 3-1 (6-11, 12-10, 11-5, 11-9) to win what was her second WTT singles career title. The 25-year-old’s maiden crown came at the Feeder Corpus Christi 2024 in Texas back in January. Akula, failed to clinch a second table tennis title from the Lebanon meet after she and her partner Diya Chitale, went down 3-1 to Hong Kong China’s Doo Hoi Kem and Zhu Chengzhu in the women’s doubles final. Gerassimenko, the world No. 43 in men’s singles, beat the 103-ranked Sathiyan 3-0 (11-9, 13-11, 11-9). India also managed a 1-2 finish in men’s doubles with Manush Shah and Manav Thakkar beating compatriots Mudit Dani and Akash Pal 3-1 (11-7, 11-5, 9-11, 11-6) in the title clash.


     


     

     

 

     

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World Tuberculosis (TB) Day is celebrated on March 24 annually to raise awareness around the disease and mobilise support for those affected by TB.

World Tuberculosis (TB) Day is celebrated on March 24 annually to raise awareness around the disease and mobilise support for those affected by TB. The theme of World Tuberculosis (TB) Day 2024 is 'Yes! We can end TB'. March 24, 1882 is considered a significant date in the battle against tuberculosis as it is on this day that Dr Robert Koch discovered the bacteria that causes TB. It was not before the year 1982, on the centenary of Dr. Koch's discovery that the International Union Against Tuberculosis and Lung Disease (IUATLD) proposed observing March 24 as World TB Day to raise awareness about TB and its global impact. The first World TB Day was officially observed in 1983, and since then, it has become an annual event.


     


     

     

 

     

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The International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims is annually observed on 24th March.

The International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims is annually observed on 24th March. On December 21, 2010, the United Nations General Assembly proclaimed March 24 as the International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims. The date was chosen to commemorate the assassination of Archbishop Romero on March 24, 1980, after he denounced human rights violations in El Salvador. This International Day aims to raise awareness about the right to truth and justice for victims of human rights atrocities and honor those who have sacrificed their lives in this struggle.


     


     

     

 

     

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International Day of Solidarity with Detained and Missing Staff Members is observed on March 25 every year.

International Day of Solidarity with Detained and Missing Staff Members is observed on March 25 every year by the United Nations (UN) to commemorate the abduction of a journalist named Alec Collett, who died while on a UN assignment. The world commemorates the International Day of Solidarity with Detained and Missing Staff Members on the day a former British journalist, Alec Collett, working for the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), was kidnapped. In 2009, his body was found in the Bekaa Valley in Lebanon. This resolution was signed by 43 UN member countries and as of now a total of 95 countries have ratified it.


     


     

     

 

     

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Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute’s global rich list.

Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute’s global rich list. This is the first time that India’s most populous city has taken the top spot in Asia. Topping the 2024 global rich list for cities is New York (119), followed by London (97). In Asia, Mumbai — India’s financial capital — moved ahead with 92 billionaires, according to Hurun. Following close behind are Beijing (91) and Shanghai (87). According to the country ranking, China still tops the list with 814 billionaires even though the country lost 155 billionaires from a year ago. The U.S. came in second with 800 billionaires while India came in third with 271.


      Mukesh Ambani has topped the list of 271 billionaires in India, according to Global Rich List 2024 published by Hurun Research Institute.


      Chairman & managing director of Reliance Industries, Mukesh Ambani, who is also a prominent businessman in India became only Indian to make it into the top 10 of the Hurun Global Rich List 2024.

      Though his wealth increased by 40% to $115 billion, he dropped by one rank to 10th place on the global list.

 

     

Hurun Report
HQ (Hurun, India)- Mumbai
__________________________________________

The International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is annually observed on 25 March.

The International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is annually observed on 25 March. It honors the lives of those who died as a result of slavery or experienced the horrors of the transatlantic slave trade. On December 17, 2007, the United Nations General Assembly designated March 25 as the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade. It was first observed in 2008. International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2024 theme is "Creating Global Freedom: Countering Racism with Justice in Societies and Among Nations".


     


     

     

 

     

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The Securities and Exchange Board of India (SEBI) has directed the Association of Mutual Funds to stop inflows into overseas exchange traded funds from 1st April.

The Securities and Exchange Board of India (SEBI) has directed the Association of Mutual Funds to stop inflows into overseas exchange traded funds from 1st April. International mutual fund (MF) schemes, previously restricted from investing directly in foreign instruments, are now directed to cease accepting fresh investments in schemes that invest in overseas exchange-traded funds (ETFs). Data from Amfi shows that 13 international MF schemes invest in international passive funds (ETFs and index funds), collectively managing Rs7,743 crore. Additionally, many other MF schemes allocate a small portion of their corpus to international ETFs. A large fund house recently proposed to the RBI to link the international investment limit to India’s foreign exchange reserves.


      The assets under management (AUM) of international MF schemes have modestly increased in the past two years, growing to Rs24,700 crore (as of February 2024) from Rs22,700 crore in January 2022.


     

     

 

     

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Prime Minister Narendra Modi was on a visit to Bhutan from 22-23 March 2024.

Prime Minister Narendra Modi was on a visit to Bhutan from 22-23 March 2024. Where not only he met the top leaders but also inaugurated the Gyaltsuen Jetsun Pema Wangchuk Mother and Child Hospital in Bhutan indicating the shining example of a strong partnership between the two countries in healthcare. During his visit, Prime Minister Modi announced a substantial assistance package of 10,000 crores for Bhutan's 13th five-year plan, further solidifying the bond between the two countries. During the two-day visit, PM Modi and Bhutan PM Tobgay reviewed all aspects of bilateral energy cooperation and, welcomed the expert-level discussions on the 1200 MW Punatsangchhu-I Hydro-electric Project.


      Prime Minister Modi was also conferred with the 'Order of the Druk Gyalpo', Bhutan's highest civilian honour, which he dedicated it to the 140 crore people of the country.


     

     

 

     

Bhutan
Capital- Thimphu
Official language- Dzongkha
__________________________________________

According to data from the United Nation’s 4th Global E-waste Monitor (GEM), Global generation of electronic scrap is rising 5 times faster than documented e-scrap recycling.

According to data from the United Nation’s 4th Global E-waste Monitor (GEM), Global generation of electronic scrap is rising 5 times faster than documented e-scrap recycling. The report, conducted by The United Nations Institute for Training and Research (UNITAR) and the International Telecommunication Union (ITU), says more than 68 million tons of e-waste was produced in 2022, up 82 percent from 2010. Less than one quarter of that was documented as having been properly collected and recycled. The generation of electronic scrap is rising by approximately 2.8 million tons annually and is on track to reach approximately 90 million tons in 2030, which is a 33 percent increase from the 2022 figure. The report estimates the value of metals embedded in landfilled e-waste in 2022 to be $91 billion, including $19 billion in copper, $15 billion in gold and $16 billion in iron.


      In 2023, 81 counties had e-waste legislation, up from 78 in 2019.


     

     

 

     

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The United Nations General Assembly unanimously adopted the 1st global resolution on Artificial Intelligence (AI).

The United Nations General Assembly unanimously adopted the 1st global resolution on Artificial Intelligence (AI). The resolution, sponsored by the United States and co-sponsored by 123 countries, including Russia, China, and Cuba, aims to ensure that the powerful new technology benefits all nations, respects human rights, and is safe, secure, and trustworthy. The resolution seeks to address several key objectives, including: Closing the digital divide between developed and developing countries; Ensuring that developing countries have the technology and capabilities to benefit from AI; Safeguarding human rights and protecting personal data; Monitoring AI for risks and potential harms; Strengthening privacy policies. The resolution emphasizes the importance of closing the digital divide between developed and developing countries, ensuring that all nations have a seat at the table in discussions on AI.


      The resolution is nonbinding, meaning that it does not carry legal consequences for member states.


     

     

 

     

United Nations
Founded- 24 October 1945
HQ- New York, United States
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Federal Bank has launched a RuPay smart key chain called ‘Flash Pay’ for contactless NCMC (National Common Mobility Card) payments at enabled metro stations and PoS terminals.

Federal Bank has launched a RuPay smart key chain called ‘Flash Pay’ for contactless NCMC (National Common Mobility Card) payments at enabled metro stations and PoS terminals. Customers can make payments up to ₹5,000 without a PIN, whereas those over ₹5,000 will require PIN authentication. The per day limit at any PoS terminal has been capped at ₹1 lakh. ‘Flash Pay’ allows users to make secure payments with just a tap, eliminating the need for physical cards or cash. The device empowers users to make payments at millions of merchants, expanding their purchasing capabilities while maintaining security standards.


      In a collaboration with the National Payments Corporation of India (NPCI), Federal Bank introduces 'Flash Pay'.


     

     

 

     

Federal Bank
Founded- April 1931; HQ- Aluva, Kerala
MD&CEO- Shyam Srinivasan
__________________________________________

India’s growth expected to be between 6.5 to 7 percent n FY25.

A Finance Ministry report says, Various agencies have estimated India’s growth to be between 6.5 to 7 percent n FY25. While the Reserve Bank of India has projected a growth rate of 7 percent for the next fiscal, the government is also expecting a growth rate of over 7 percent. According to the second advance estimate by the Statistics Ministry, the growth rate during the current fiscal year is estimated at 7.6 percent. The Monthly Economic Review, prepared by the Economic Affairs Department of the Finance Ministry, said that improving global investor confidence in India has started reflecting in foreign portfolio investment flows. The announcement by Bloomberg that India would be included in its bond index from January 2025 should bolster inflows, buoyed by the fiscal prudence the government has demonstrated over the years.


     


     

     

 

     

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As per Swiss Wealth Management major UBS, India’s GDP growth is expected to moderate to 7 percent in 2024-25 from the estimated 7.6 percent.

As per Swiss Wealth Management major UBS, India’s GDP growth is expected to moderate to 7 percent in 2024-25 from the estimated 7.6 percent. For the fiscal year 2026-27, Indian economy is likely to grow at 6.8 percent. UBS sees India’s current account deficit narrowing to 0.8 percent of GDP in FY24E on the back of an improving trade deficit. Heading into FY’25, it is expected to modestly increase to 1.3 percent of GDP on slowing global growth and supported domestic demand. 10-year Indian government bond yield to decline to 6.25 percent by March 2025.


      The Nifty target is based on March 2026 EPS estimates of ₹ 1,226 and a 12-month forward target PE multiple of 20.6X.


     

     

 

     

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The Norwegian Academy of Science and Letters has announced to award the Abel Prize for 2024 to Michel Talagrand of the French National Center for Scientific Research (CNRS), Paris, France.

The Norwegian Academy of Science and Letters has announced to award the Abel Prize for 2024 to Michel Talagrand of the French National Center for Scientific Research (CNRS), Paris, France. Michel Talagrand receives the prize for his work in probability theory and stochastic processes. Michel Talagrand is a member of the French Academy of Sciences. He has received numerous awards. Talagrand is an outstanding and highly productive mathematician whose work has transformed probability theory, functional analysis and statistics.


     


     

     

 

     

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Indian airline IndiGo is named as the ‘Airline of the Year’ at the Air Transport Awards 2024 held in Greece’s Athens.

Indian airline IndiGo is named as the ‘Airline of the Year’ at the Air Transport Awards 2024 held in Greece’s Athens. IndiGo was named for being a driving force behind the growth of Indian aviation with its impressive expansion and for giving the opportunity of air travel to many first-time flyers. The prestigious award was presented to Pieter Elbers, Chief Executive Officer, IndiGo, at the ceremony. IndiGo recently became India’s first carrier to operate 2,000 daily flights and carry 100 million passengers in a year, firmly cementing its place among the world’s Top 10 airlines.


      IndiGo became the first Indian airline to carry 100 million passengers in 2023.


      The winners are voted for by the readers of Air Transport News and a jury of international aviation experts.

     

 

     

IndiGo
CFO- Gaurav M. Negi
Founders- Rahul Bhatia, Rakesh Gangwal
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The Financial Services Institutions Bureau (FSIB) has selected Girija Subramanian as chairman and managing director (CMD) of the New India Assurance Company and Bhupesh Sushil Rahul as CMD of United India Insurance Company.

The Financial Services Institutions Bureau (FSIB) has selected Girija Subramanian as chairman and managing director (CMD) of the New India Assurance Company and Bhupesh Sushil Rahul as CMD of United India Insurance Company. The post of CMD at United India has been vacant since February 2024 following the retirement of Satyajit Tripathy, and Neerja Kapur's tenure at New India Assurance is set to end in April 2024. Girija Subramanian is currently the CMD of the Agriculture Insurance Company of India, and B S Rahul serves as the general manager at the same company.


      BS Rahul, Hitesh Joshi, Jayshree Bala, V Balkrishna, Sunita Gupta, and Rekha Solanki were the candidates shortlisted for the post at United India Insurance.


      Meanwhile, Joshi and Subramanian were shortlisted for the position in New India Assurance.

     

 

     

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India’s Sathiyan Gnanasekaran beat compatriot Manav Thakkar in the final to win the men’s singles title at the WTT Feeder Beirut 2024 table tennis tournament at the Al Kawthar Secondary School in Lebanon.

India’s Sathiyan Gnanasekaran beat compatriot Manav Thakkar in the final to win the men’s singles title at the WTT Feeder Beirut 2024 table tennis tournament at the Al Kawthar Secondary School in Lebanon. Sathiyan thus became the first-ever Indian to win a men's singles title at a WTT Feeder Series event. It was also his first singles title since the 2021 Czech International Open. Diya Chitale and Manush Shah, meanwhile, also came trumps in an all-Indian mixed doubles final. World No. 103 G Sathiyan, seeded 11th in the tournament, defeated world No. 74 and ninth seed Thakkar 3-1 (6-11, 11-7, 11-7, 11-4). Similarly, Manav Thakkar beat former World Championships bronze medallist AN Jaehyun of the Republic of Korea in straight games 3-0 (11-9, 11-8, 12-10) to make the final.


     


     

     

 

     

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World Water Day is annually celebrated on 22 March to spread awareness about the importance of freshwater.

World Water Day is annually celebrated on 22 March to spread awareness about the importance of freshwater. The theme of World Water Day 2024 is ‘Water for Peace’. The idea of World Water Day was proposed in the year 1992 at the United Nations Conference on Environment and Development (UNCED) in Brazil’s Rio De Janeiro. It was in 1993 when the UNGA declared March 22 as World Water Day.


      As per the UN, 2.2 billion still live without safely managed drinking water, including 115 million people who drink surface water.


     

     

 

     

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Every year, World Meteorological Day is observed on 23 March.

Every year, World Meteorological Day is observed on 23 March. In 1950, on March 23, the World Meteorological Organisation was founded to predict weather and climate changes. World Meteorological Day was announced by the World Meteorological Organisation, a year after being founded. The theme for World Meteorological Day 2024 is 'At the Frontline of Climate Action'. The day aims to create awareness about the significance of predicting weather changes and climate change mitigation.


     


     

     

 

     

World Meteorological Organization
Founded- 23 March 1950
HQ- Geneva, Switzerland
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Shaheed Diwas is annually observed on 23 March to commemorate the fateful day when three freedom fighters - Bhagat Singh, Shivaram Rajguru, and Sukhdev Thapar – were hanged by the British Government.

Shaheed Diwas is annually observed on 23 March to commemorate the fateful day when three freedom fighters - Bhagat Singh, Shivaram Rajguru, and Sukhdev Thapar – were hanged by the British Government. Every year, Shaheed Diwas is observed on multiple dates throughout the year commemorating the sacrifices of the freedom fighters. On 8 April, 1929, they threw bombs at the Central Legislative Assembly while shouting the slogan – Inquilab Zindabad. They were soon arrested and charged with murder. On March 23, 1931, Bhagat Singh, Shivaram Rajguru, and Sukhdev Thapar were hanged.


      One of the Shaheed Diwas is observed on January 30 – the day when the father of the nation Mahatma Gandhi was assassinated by Nathuram Godse.


     

     

 

     

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Dr Neeraj Mittal, Secretary, Department of Telecommunications, Government of India, led a high-level delegation to Geneva for a series of crucial meetings at the International Telecommunication Union (ITU).

Dr Neeraj Mittal, Secretary, Department of Telecommunications, Government of India, led a high-level delegation to Geneva for a series of crucial meetings at the International Telecommunication Union (ITU). The visit focused on fostering collaboration and exploring innovative initiatives in the telecommunications and information and communication technology (ICT) sectors. Dr Neeraj Mittal was unanimously elected as co-chair of the Digital Innovation Board of ITU formed under the aegis of Innovation and Entrepreneurship Alliance for Digital Development. The Digital Innovation Board comprises of Ministers and Vice Ministers of Telecom/ICT of 23 Member Countries of ITU spanning Asia, Europe, Africa, North and South America.


      The International Telecommunication Union (ITU) has selected 17 organizations from around the world to host Network of Acceleration Centres with the Global Innovation Centre at ITU Area Office and Innovation Centre, New Delhi.


      Dr Neeraj Mittal also chaired a review meeting at Permanent Mission of India in Geneva (PMI).

     

 

     

International Telecommunication Union (ITU)
Secretary-general: Doreen Bogdan-Martin
HQ- Geneva, Switzerland
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Luís Montenegro, the head of the Democratic Alliance (AD), has been appointed Prime Minister of Portugal.

Luís Montenegro, the head of the Democratic Alliance (AD), has been appointed Prime Minister of Portugal. The office of the Portuguese President of the Republic announced that, the Democratic Alliance coalition attained a relative majority (80 seats versus 78 from the Socialist Party). Montenegro, a 51-year-old lawyer and longtime parliamentarian, will succeed the Socialist Party’s Antonio Costa, who held office since 2015 and was forced to resign in November following corruption allegations.


     


     

     

 

     

Portugal
Capital- Lisbon
Official language- Portuguese
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S&P Global raised India's gross domestic product (GDP) growth forecast for Financial Year 2024-25 (FY25) by 40 basis points to 6.8 percent.

S&P Global raised India's gross domestic product (GDP) growth forecast for Financial Year 2024-25 (FY25) by 40 basis points to 6.8 percent. India to grow at 7.6 percent in FY24, making the projection in a report called "Economic Outlook Asia-Pacific Q2 2024: APAC Bides Its Time On Monetary Policy Easing". The New York-based agency retained India's GDP growth prediction for FY26 and FY27 at 5 percent. S&P forecast rate cuts of up to 75 basis points in India this fiscal.


      China’s GDP growth is likely to slow down to 4.6 percent in FY25 from 5.2 percent in FY24.


     

     

 

     

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Ministry of Electronics and Information Technology (MeitY) and National Internet Exchange of India (NIXI) have launched BhashaNet portal at the Universal Acceptance Day event.

Ministry of Electronics and Information Technology (MeitY) and National Internet Exchange of India (NIXI) have launched BhashaNet portal at the Universal Acceptance Day event. The event was held with the active support of Internet Corporation for Assigned Names and Numbers (ICANN). The event marked a significant milestone in advancing digital inclusion and promoting Universal Acceptance across India. The theme of the event, "BhashaNet: Impetus Towards Universal Acceptance". The event featured engaging panel discussions and workshops, with representatives from Bhashini, ONDC, NIC, C-DAC Microsoft, UASG of ICANN, Data Xgen, Infibeam, ZOHO and FICCI sharing insights and best practices for achieving Universal Acceptance readiness.


      Set up on 19th June 2003, the National Internet Exchange of India is a not-for-profit (Section 8) company under the aegis of MeitY.


      NIXI and MeitY aim to mobilise stakeholders and raise awareness about the importance of UA readiness in today’s digital landscape.

     

 

     

National Internet Exchange of India (NIXI)
Founded- 2003
HQ- New Delhi
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The 3rd edition of bilateral tri-service humanitarian assistance and disaster relief (HADR) exercise named Tiger Triumph-24 between India and the United States commenced on the Eastern Seaboard on 18th March 2024.

The 3rd edition of bilateral tri-service humanitarian assistance and disaster relief (HADR) exercise named Tiger Triumph-24 between India and the United States commenced on the Eastern Seaboard on 18th March 2024. This exercise, aimed at enhancing readiness and cooperation between the two forces, is part of the ongoing partnership between India and the US. The exercise is designed to improve interoperability for conducting HADR operations and refine Standard Operating Procedures (SOPs) to enable rapid and smooth coordination between the armed forces of both countries. Indian Navy Ships with integral helicopters and landing crafts embarked, Indian Navy aircraft, Indian Army personnel and vehicles, Indian Air Force aircraft and helicopters, along with the Rapid Action Medical Team (RAMT) will be participating from the Indian side. The US will be represented by US Navy Ships with embarked troops of the US Marine Corps and US Army. This phase involves Training Visits, Subject Matter Expert Exchanges, Sports Events, and Social Interactions among personnel from both navies.


      In 2019, the first Tiger Triumph exercise took place for a period of nine days.


     

     

 

     

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India launched 'Operation Indravati' to evacuate its citizens stranded in war-torn Haiti amid the intense fighting between the armed groups and the government.

India launched 'Operation Indravati' to evacuate its citizens stranded in war-torn Haiti amid the intense fighting between the armed groups and the government. The Caribbean nation of Haiti has been plagued by widespread gang violence for over two years since the July 2021 assassination of President Jovenel Moise. In the power vacuum that followed the assassination, the country’s de facto leader, Prime Minister Ariel Henry, assumed power, with the support of several nations. Meanwhile, attempts to chart a political transition for Haiti have failed, and various armed groups launched coordinated attacks on key installations in Haiti in an attempt to force the resignation of the country's embattled PM Henry as Haiti has not held functional elections since 2019.


      India doesn't have an embassy in Haiti and the situation in the country is being monitored by the Indian mission at Santo Domingo, the capital of the Dominican Republic.


      There are between 75 and 90 Indians in Haiti and about 60 of them have registered with Indian authorities to return to India "if need be".

     

 

     

Haiti
Capital- Port-au-Prince
Currency- Haitian Gourde
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Indian Overseas Bank (IOB) has launched two new jewel loan products - IOB Gold Powered Card and Jewel Loan Suvidha.

Indian Overseas Bank (IOB) has launched two new jewel loan products - IOB Gold Powered Card and Jewel Loan Suvidha. IOB Gold Powered Card will provide instant access to a card linked directly to their jewel loan overdraft accounts. It will provide the flexibility for customers to service both interest and principal at the maturity of the loan i.e., 12 months from the date of sanction. Offering loan amounts ranging from ₹25,000 to ₹25 lakh, IOB Gold Powered Card can also be used for cash withdrawal at ATM and for POS and e-commerce transactions. The cash withdrawal limit per transaction is ₹20,000 with a daily limit of ₹1 lakh. For e-commerce and POS transactions, the per day and per transaction limit is ₹25.00 lakh. Validity extends to three years, subject to annual reassessment. This solution offers reimbursement within a 12-month timeframe from the date of incurring expenses. The loan amount will range from ₹25,000 to ₹50 lakh and it provides flexible repayment options, including bullet payment and EMI modes, while also availing income tax benefits subject to fulfilment of the conditions prescribed under the Income Tax Act, 1960.


     


     

     

 

     

Indian Overseas Bank
Founded- 10 February 1937; HQ- Chennai
MD & CEO- Ajay Kumar Srivastava
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SAIC Motor and JSW Group have partnered to launch a new joint venture, named JSW MG Motor India Pvt Ltd.

SAIC Motor and JSW Group have partnered to launch a new joint venture, named JSW MG Motor India Pvt Ltd. Sajjan Jindal, the chairman of the JSW Group, announced the JV’s ambitious new plans at an event. The marque of MG Motor, whose portfolio includes the MG ZS EV, MG Comet, MG Astor and others in India, is owned by SAIC Motor. The JV is aimed at using SAIC Motor’s expertise in the auto sector and the JSW Group’s manufacturing experience in the country. The new JV will also focus on the emerging new energy vehicles (NEVs) in the country. The company plans on capturing 33% of the NEV market by 2030 and aims to sell 1 million EVs in 2030.


      The JSW Group recently received approval from the Competition Commission of India (CCI) to acquire a 35% stake in MG Motor India.


     

     

 

     

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Naveen Jindal, chairman of Jindal Steel and Power, took charge as president of Indian Steel Association (ISA).

Naveen Jindal, chairman of Jindal Steel and Power, took charge as president of Indian Steel Association (ISA). Naveen Jindal has been unanimously elected as the president of ISA by the apex committee, the governing body of ISA. He succeeds Dilip Oommen, CEO of ArcelorMittal Nippon Steel India. Naveen Jindal is an Indian billionaire industrialist, philanthropist, and a former Member of Parliament, Lok Sabha from Kurukshetra, Haryana in the 14th and 15th Lok Sabha. He currently serves as the Chairman of Jindal Steel and Power Limited and Chancellor of O. P. Jindal Global University.


     


     

     

 

     

Indian Steel Association
Established- 2014
HQ- New Delhi
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The Indian Army has introduced seven new indigenous integrated drone detection and interdiction systems (IDD&IS) along the northern borders with China.

The Indian Army has introduced seven new indigenous integrated drone detection and interdiction systems (IDD&IS) along the northern borders with China. These systems can jam hostile drones and use lasers to eliminate them, with a detection range of 5 to 8 km. Additionally, DRDO is developing more potent directed energy weapon systems like high-energy lasers and high-powered microwaves for enhanced security measures. It can perform “soft kills” by jamming hostile drones at ranges from 2 to 5 kilometers. Hard Kills: For more effective action, it can achieve “hard kills” by using lasers at a range of over 800 meters.


     


     

     

 

     

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The Indian Space Research Organization successfully conducted the 2nd landing test of its reusable launch vehicle (RLV), 'Pushpak', from the Aeronautical Test Range (ATR) in Challakere near Chitradurga in Karnataka.

The Indian Space Research Organization successfully conducted the 2nd landing test of its reusable launch vehicle (RLV), 'Pushpak', from the Aeronautical Test Range (ATR) in Challakere near Chitradurga in Karnataka. Pushpak (RLV-TD), winged vehicle was lifted by the Chinook helicopter of the Indian Air Force and was released from an altitude of 4.5 km. Pushpak autonomously approached the runway along with cross range corrections. It landed precisely on the runway and came to a halt using its brake parachute, landing gear brakes and nose wheel steering system. RLV-TD (technology demonstrator) is one of the most challenging endeavours of the Indian space agency towards developing essential technologies for a fully reusable launch vehicle to enable low-cost access to space.


     


     

     

 

     

Indian Space Research Organisation (ISRO)
Founded- 15 August 1969
HQ- Bengaluru
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Researchers have named a new species of deep-sea isopod called 'Brucethoa isro' discovered off the Kollam coast after the Indian Space Research Organisation (ISRO).

Researchers have named a new species of deep-sea isopod called 'Brucethoa isro' discovered off the Kollam coast after the Indian Space Research Organisation (ISRO). A recent discovery has uncovered a new species of deep-sea isopod off the Kollam coast in Kerala. This tiny crustacean, which feeds on fish, belongs to the genus Brucethoa and was found at the base of the Spinyjaw greeneye's gill cavity. Interestingly, this is the second documented species within the genus to be found in India, and it has been given the name Brucethoa isro in recognition of the Indian space agency's impressive space missions. Isopods are an incredibly diverse group of crustaceans, with a wide variety of shapes and sizes.


     


     

     

 

     

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Veteran table tennis player Sharath Kamal will be India’s flag-bearer at the upcoming Paris 2024 Olympics.

Veteran table tennis player Sharath Kamal, a two-time Commonwealth Games champion and Khel Ratna awardee, will be India’s flag-bearer at the upcoming Paris 2024 Olympics, the Indian Olympic Association (IOA) announced. Former Winter Olympian Shiva Keshavan will serve as the deputy Chef de Mission while Gagan Narang will be in charge of the Indian shooting team in France. The flag-bearer at the Olympic Games is a symbolic leader, who is the first person to march a country’s delegation out during the grand Opening Ceremony parade. The person proudly displays the country’s flag during the parade.


      Sharat Kamal will be the 19th flag bearer for India at the Olympics.


      Athlete Purma Banerjee was India’s first Olympic flag-bearer at Antwerp 1920 while boxing legend Mary Kom and former Indian men’s hockey team captain Manpreet Singh were jointly accorded the honour at Tokyo 2020.

     

 

     

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Olympic bronze medalist MC Mary Kom has been named as the chef de mission for the Paris 2024 Olympics.

Olympic bronze medalist MC Mary Kom has been named as the chef de mission for the Summer Games. MC Mary Kom, the first female boxer in boxing history to have captured six world titles. The five-time Asian champion was also the first female boxer from India to win a gold medal at the 2014 Asian Games. The experienced boxer won a bronze medal in the London 2012 Olympic Games. The Olympic Games will take place from 26 July to 11 August 2024 in Paris.


     


     

     

 

     

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World Forestry Day is annually observed on 21 March to remind people of the significance of forests and trees in our lives.

World Forestry Day is annually observed on 21 March to remind people of the significance of forests and trees in our lives. In 1971, the General Assembly of the European Confederation of Agriculture proposed that we should celebrate a day dedicated to forests. March 21 was chosen as World Forestry Day by the United Nations as it coincides with Vernal Equinox and Autumn Equinox in northern and southern hemispheres. The theme for World Forestry Day 2024 is - Forests and Innovation: New Solutions for a Better World.


     


     

     

 

     

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World Puppetry Day is celebrated every year on 21 March.

World Puppetry Day is celebrated every year on 21 March. This day is dedicated to the Puppetry art form and it is also an opportunity to pay tribute to the puppeteers who live all over the world. The World Puppetry Day was first established in 2003 by the Union Internationale de la Marionnette (UNIMA). The World Puppetry Day is an opportunity to recognize the Puppetry art form as a global community and to celebrate the diversity of puppetry practices around the world. It is also a day to reflect on the importance of maintaining and safeguarding the traditional traditions of puppetry. The theme of World Puppetry Day 2024 is 'The Climate'.


     


     

     

 

     

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Rajasthan is the first state in the country to launch State Water Resources Information System Dashboard.

To forecast drought and to enable better water management based on water availability, water resources department (WRD) minister Suresh Singh Rawat inaugurated the State Water Resources Information System Dashboard at Sinchai Bhawan. Rajasthan is the first state in the country to launch State Water Resources Information System Dashboard. This portal will not only help in forecasting drought and drought but will also enable better water management based on water availability. This system has been developed by the Department of Water Resources under the National Hydrology Project. This portal will prove to be a milestone in the direction of water management in a rain deficient state like Rajasthan. This network has also been mapped on GIS. Data of Ganga and Bhakra canal system, Bisalpur, Jawai, Gudha, Jawahar Sagar dams will be available live through SCADA.


     


     

     

 

     

Rajasthan
Chief minister- Bhajan Lal Sharma
Governor- Kalraj Mishra
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INS Tir and INS Sujata will participate in the forthcoming 2nd edition of India Mozambique Tanzania (IMT) Tri Lateral (TRILAT) Exercise, a joint maritime exercise held from 21-29 March 2024.

INS Tir and INS Sujata will participate in the forthcoming 2nd edition of India Mozambique Tanzania (IMT) Tri Lateral (TRILAT) Exercise, a joint maritime exercise held from 21-29 March 2024. The current edition of the exercise is planned in two phases. As part of the harbour phase scheduled from 21-24 March 2024, Naval ships Tir and Sujata will engage with the respective Navies at the ports of Zanzibar (Tanzania) and Maputo (Mozambique). A joint EEZ surveillance is also planned during the sea phase. The exercise will conclude with a joint debrief scheduled at Nacala (Mozambique).


      The first edition of IMT TRILAT exercise conducted in October 2022, saw participation of INS Tarkash with the Tanzanian and Mozambique Navies.


     

     

 

     

Indian Navy
CNS- Admiral R Hari Kumar
HQ- New Delhi
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Prabowo Subianto has been elected as president of the Indonesia.

Prabowo Subianto has been elected as president of the Indonesia. Defence Minister Prabowo and his vice-presidential running mate Gibran Rakabuming Raka received more than 96 million votes, roughly 58.6 percent of the total count and enough to secure a first-round majority. Anies Baswedan secured nearly 41 million votes, or 24.9 percent of the total count, while Ganjar Pranowo received 27 million votes, more than 16 percent. Prabowo Subianto Djojohadikusumo is an Indonesian politician, businessman and retired honorary army general who is the president-elect of Indonesia.


     


     

     

 

     

Indonesia
Capital- Jakarta
Official language- Indonesian
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Grid Controller of India Limited (GRID-INDIA) conferred with the status of Miniratna Category-I Central Public Sector Enterprise (CPSE).

Grid Controller of India Limited (GRID-INDIA) conferred with the status of Miniratna Category-I Central Public Sector Enterprise (CPSE). This recognition, bestowed upon by the Ministry of Power, Government of India, underscores GRID-INDIA's pivotal role in the nation's power landscape. Over the years, GRID-INDIA's functions have dynamically evolved in response to the integration of power systems, escalating energy demands, the proliferation of Renewable Energy (RE) sources, economic growth, and technological advancements, coupled with evolving regulations and market dynamics. Moreover, GRID-INDIA upholds the principles of independent system operation, fostering a level playing field for all stakeholders involved.


      Comprising five Regional Load Despatch Centres (RLDCs) and the National Load Despatch Centre (NLDC), GRID-INDIA shoulders the immense responsibility of managing the All India synchronous grid, one of the world's largest and most intricate power systems.


     

     

 

     

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The Ministry of New and Renewable Energy (MNRE) has released guidelines for establishing green hydrogen hubs as part of the National Green Hydrogen Mission (NGHM).

The Ministry of New and Renewable Energy (MNRE) has released guidelines for establishing green hydrogen hubs as part of the National Green Hydrogen Mission (NGHM). The MNRE and the designated scheme implementing agencies will be responsible for these hydrogen hubs. The scheme comes with a budgetary allocation of Rs 200 crore, exclusively for developing core infrastructure for common services and facilities. The MNRE underlines that the envisaged Hydrogen hubs should boast a planned capacity of at least 1,00,000 Metric Tonnes Per Annum (MTPA), with higher production capacities receiving precedence.


     


     

     

 

     

Ministry of New and Renewable Energy
Union Minister- R. K. Singh
State Minister- Bhagwanth Khuba
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The Comptroller and Auditor General (CAG) of India signed a MoU with Indian Institute of Technology (IIT) Delhi on Artificial Intelligence.

The Comptroller and Auditor General (CAG) of India signed a MoU with Indian Institute of Technology (IIT) Delhi on Artificial Intelligence. MoU was signed for a partnership in four key areas for use of AI in audit, audit of AI systems, capacity building and knowledge sharing. The MoU between the two institutions was signed by Anand Mohan Bajaj, Chief Technology Officer & Additional Deputy CAG and Prof. Rangan Banerjee, Director, IIT Delhi in the presence of the CAG of India Girish Chandra Murmu.


     


     

     

 

     

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Multi Commodity Exchange of India (MCX) and Jakarta Futures Exchange (JFX) signed a MoU to enhance collaboration in key areas such as knowledge sharing, research, education, training, awareness creation, and other market development initiatives.

Multi Commodity Exchange of India (MCX) and Jakarta Futures Exchange (JFX) signed a MoU to enhance collaboration in key areas such as knowledge sharing, research, education, training, awareness creation, and other market development initiatives. The MoU was formalised on 26 February 2024, at the MCX headquarters in Mumbai. P S Reddy, MD and CEO of MCX, and Stephanus Paulus Lumintang, President Director of JFX, signed the agreement in the presence of senior colleagues from both organisations.


     


     

     

 

     

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DBS Bank India announced a lending commitment of USD 250 million for start-ups.

DBS Bank India announced a lending commitment of USD 250 million for start-ups. The initiative is part of the bank's focus on fostering innovation and entrepreneurship within the country's thriving start-up ecosystem. DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia.


      The Indian start-up sector, a foundational pillar of the country's development goals, has seen significant expansion over the years with over 90,000 start-ups and more than 100 unicorns as of 2024.


     

     

 

     

DBS Bank India
HQ- Mumbai; Founded- 1994
MD&CEO- Surojit Shome
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SBI Card has partnered with Titan Company Limited, to launch Titan SBI Card.

SBI Card has partnered with Titan Company Limited, to launch Titan SBI Card. The Card offers benefits across many lifestyle categories. With features that include cashbacks, Titan gift vouchers and Reward Points, cardholders can avail exclusive benefits of over Rs2 lakh worth per annum. One can enroll for the card in a completely digital manner via SBI Card SPRINT by visiting SBI Card website https://www.sbicard.com/ or Titan stores. The Titan SBI Card offers curated benefits on high value spend categories such as jewellery, watches, and eyewear. The card offers 7.5 percent cashback on Titan in watches category; Taneira in women ethnic wear category; Titan EyePlus in eyewear category; and other non-jewellery Titan brands.


     


     

     

 

     

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The Reserve Bank of India has imposed penalties on DCB Bank and Tamilnad Mercantile Bank for non-compliance with certain directions related to 'interest rate on advances'.

The Reserve Bank of India has imposed penalties on DCB Bank and Tamilnad Mercantile Bank for non-compliance with certain directions related to 'interest rate on advances'. A monetary penalty of Rs63.6 lakh has been imposed on DCB Bank. The central bank informed that a penalty of Rs1.31 crore has been imposed on Tamilnad Mercantile Bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances'. The penalties were based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transactions or agreements entered into by them with their customers.


     


     

     

 

     

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Noted poet and litterateur Prabha Varma will be awarded the prestigious Saraswati Samman, 2023 for his verse novel Roudra Sathwikam.

Noted poet and litterateur Prabha Varma will be awarded the prestigious Saraswati Samman, 2023 for his verse novel Roudra Sathwikam. It carries a citation, a plaque, and a cash prize of ₹15 lakh. The recipient is chosen by a selection committee, whose current head is former Supreme Court judge, Justice Arjan Kumar Sikri. Born in Thiruvalla, Kerala, in 1959, Varma has excelled as a bilingual writer, with exemplary literary works in both Malayalam and English. He has emerged as one of the most important voices in contemporary Malayalam literature, with his work reflecting a confluence of tradition and modernity. He has bagged more than 70 awards, including the National Sahitya Akademi Award and the National Film Award.


      Instituted in 1991, Saraswati Samman is one of the most prestigious literary awards in the country.


      It is given every year to an outstanding literary work written in any Indian language by an Indian citizen and published within the last 10 years.

      Published in 2022, Roudra Sathwikam is a novel written in poetic verse in Malayalam.

 

     

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Managing Director and CEO of the Central Bank of India, MV Rao, has been appointed as the Chairman of the Indian Banks’ Association (IBA) for the 2023–24 term.

Managing Director and CEO of the Central Bank of India, MV (Matam Venkata Rao) Rao, has been appointed as the Chairman of the Indian Banks’ Association (IBA) for the 2023–24 term. The decision was taken by the Managing Committee of the IBA in a meeting. The committee has also appointed three Deputy Chairmen of the association. These deputies are the Chairman of the State Bank of India, Dinesh Kumar Khara, the Managing Director and Chief Executive Officer of the Indian Bank and the MD and CEO of City Union Bank, Dr N Kamakodi. Additionally, Madhav Nair, Country Head and CEO of Bank of Bahrain and Kuwait, has been designated as the Honorary Secretary of the IBA.


     


     

     

 

     

Indian Banks' Association (IBA)
Founded- September 1946
HQ- Mumbai
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Earth Sciences Minister Kiren Rijiju took additional charge as the Union Minister of Food Processing Industries.

Earth Sciences Minister Kiren Rijiju took additional charge as the Union Minister of Food Processing Industries. President Droupadi Murmu accepted the resignation of Union Food Processing Industries Minister Pashupati Kumar Paras. After this, Rijiju was given the additional charge of the Ministry of Food Processing Industries. His announcement came at a press conference a day after the BJP-led NDA announced its seat-sharing pact and gave five seats to the Chirag Paswan-led LJP (Ram Vilas), ignoring his faction's claims. Kiren Rijiju is an Indian politician from Arunachal Pradesh who is the Cabinet Minister of Earth Sciences and Food Processing Industries in the Government of India since 2023 and 2024 and a member of the parliament in Lok Sabha from Arunachal West since 2014 and from 2004 to 2009.


     


     

     

 

     

Ministry of Food Processing Industries
Union Minister- Kiren Rijiju
State Minister- Sushri Shobha Karandlaje
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Palestinian President Mahmoud Abbas appoints Mohammad Mustafa as prime minister of the Palestinian Authority (PA).

Palestinian President Mahmoud Abbas appoints Mohammad Mustafa as prime minister of the Palestinian Authority (PA). Mohammad Mustafa is a Palestinian economist and politician who is the current prime minister of the State of Palestine and the Palestinian National Authority. He previously served as the Chairman of the Board of the Palestine Investment Fund (PIF), Senior Economic Advisor to President Mahmoud Abbas and an Independent member of the Executive Committee of the Palestine Liberation Organization. Mustafa was widely tipped to become the prime minister of Palestine, following the resignation of Mohammad Shtayyeh in February 2024. Currently, Mustafa is the Chairman of the Palestine Investment Fund.


     


     

     

 

     

Palestine
Capitals- Jerusalem
Continent- Asia
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The CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST) has signed a MoU with the Vikram Sarabhai Space Centre (VSSC) for collaboration in the area of advanced materials for India’s space programmes.

The CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST) has signed a MoU with the Vikram Sarabhai Space Centre (VSSC) for collaboration in the area of advanced materials for India’s space programmes. NIIST Director Dr C Anandharamakrishnan and VSSC Director Dr S Unnikrishnan Nair exchanged the umbrella MoU in this regard recently. MoU assured strategic materials for ISRO programmes, which are a high priority to NIIST and would deliver engineered components meeting ISRO specifications.


      VSSC is the lead centre of the Indian Space Research Organisation (ISRO), based in the Kerala capital.


     

     

 

     

Indian Space Research Organisation (ISRO)
Founded- 15 August 1969
Chairman- Sreedhara Somanath
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YES Bank partnered with the Indian Olympic Association (IOA) as the Official Banking Partner for Team India at the Paris Olympics 2024.

YES Bank partnered with the Indian Olympic Association (IOA) as the Official Banking Partner for Team India at the Paris Olympics 2024. As part of the collaboration, the bank launched the campaign 'Milkar Jitayengey' and introduced the 'YES Glory Debit Card,' specially designed for India’s Olympic athletes. The bank also unveiled the 'YES Glory' savings account proposition, extending benefits to athletes and their immediate family members. The YES Glory account offers a range of benefits tailored to the needs of champion athletes. These perks include a complimentary Welcome on-board Taj voucher, free orthopedic consultations, and zero cross-currency mark-up on international spends.


     


     

     

 

     

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Every year on 21 March, World Down Syndrome Day is observed across the globe.

Every year on 21 March, World Down Syndrome Day is observed across the globe. The day is designated to promote awareness about Down syndrome and to assist those who live with the condition. The United Nations (UN) chose March 21 to represent the uniqueness of Down syndrome caused by triplication (trisomy) of the 21st chromosome. The theme of World Down Syndrome Day 2024 is ‘End The Stereotypes’.


     


     

     

 

     

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HDFC Bank has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital.

HDFC Bank has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital. The deal, announced in June 2023, was part of mandated regulatory requirements before the completion of mortgage lender Housing Development Finance Corp's merger with HDFC Bank. The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month.


     


     

     

 

     

HDFC Bank
Founded- August 1994, Mumbai
CEO- Sashidhar Jagdishan
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World Poetry Day falls on 21 March to honour poets and bring back the practice of poetry readings.

World Poetry Day falls on 21 March to honour poets and bring back the practice of poetry readings. The United Nations Educational, Scientific and Cultural Organization (UNESCO) decided to celebrate World Poetry Day annually during its 30th General Conference in Paris in 1999. Earlier, many countries marked the day in October. Even after the UNESCO declaration in 1999, some countries still celebrate Poetry Day on October 15, on the birthday of the Roman poet Virgil - famous for his epic poem Aeneid. The theme of World Poetry Day 2024 is “Standing on the Shoulders of Giants” .


     


     

     

 

     

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China launched its Queqiao-2 relay satellite to support upcoming lunar far side and south polar missions.

China launched its Queqiao-2 relay satellite to support upcoming lunar far side and south polar missions. The China National Space Administration (CNSA) confirmed the Queqiao-2 satellite was on a trajectory towards the moon around 40 minutes after launch. Queqiao-2 had deployed its solar arrays and was in its predetermined orbit with a perigee of 200 kilometers and an apogee of 420,000 kilometers. The 1,200-kilogram satellite carries a 4.2-meter parabolic antenna and is part of China’s plans for future lunar exploration and a stepping stone towards building a lunar base in the 2030s.


      Queqiao-2, or “Magpie Bridge-2”, is a more capable follow-up to Queqiao, launched in 2018.


     

     

 

     

China
Capital- Beijing
President- Xi Jinping
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The World Day of Theatre for Children and Young People is annually celebrated on 20 March to attract the attention of a wider public to the art of theatre for children and young people.

The World Day of Theatre for Children and Young People is annually celebrated on 20 March to attract the attention of a wider public to the art of theatre for children and young people. The Day was first celebrated on March 20, 2001. It is an initiative led by the International Association of Theatre for Children and Young People (ASSITEJ) with the purpose to communicate and promote the phrase: “Take a child to the theater, today”.


      ASSITEJ hosts a World Congress and Performing Arts Festival every three years.


     

     

 

     

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India’s first integrated Oil Palm Processing Unit by 3F Oil Palm started its commercial operations in Arunachal Pradesh.

India’s first integrated Oil Palm Processing Unit by 3F Oil Palm started its commercial operations in Arunachal Pradesh. The factory located at Roing in lower Dibang Valley in Arunachal Pradesh, carries forward Mission Palm Oil, representing a pivotal step in India's journey towards self-reliance in edible oils, catalyzed by the National Mission on Edible Oils - Oil Palm (NMEO-OP). The factory includes: A state-of-the-art oil palm factory, A palm waste-based power plant, A zero-discharge effluent plant. 1,30,000 hectares of land suitable for oil palm cultivation in Arunachal Pradesh have been identified, with the Northeast region alone having 33 percent of the government-designated area fit for cultivation.


      The Northeast region has enormous potential for palm oil production, and the government plans to invest 1100 crores in Assam and Arunachal Pradesh by 2030.


     

     

 

     

Arunachal Pradesh
It is a state in northeast India.
India declared it as a state on 20 February 1987.
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Airtel Payments Bank has collaborated with Noise and Mastercard to launch the Airtel Payments Bank Smart Watch.

Airtel Payments Bank has collaborated with Noise and Mastercard to launch the Airtel Payments Bank Smart Watch. This smartwatch comes with a Tap and Pay feature, the initiative will empower users to unlock the full potential of smart wearables and democratise convenient financial solutions. The new smart watch named Airtel Payments Bank Smart Watch is now available to be purchased at Rs2,999. Customers who have a savings account with Airtel Payments Bank can purchase this smart watch from the Airtel Thanks App. Customers who are new to the bank can order the smart watch immediately by opening a bank account digitally on Airtel Thanks App. A customer would be able to make payments between Rs1 to Rs 25,000 per day using the Airtel Payments Bank Smart Watch. The smart watch is designed with an appealing 1.85-inch square dial to enhance the user experience further by enabling contactless payments directly from the wearable. The smart watch’s NFC chip is supported by the Mastercard network.


     


     

     

 

     

Airtel Payments Bank
MD&CEO- Anubrata Biswas
HQ- New Delhi
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Guyana signed a Line of Credit (LOC) Agreement worth USD 23.27 million with the Export-Import Bank of India (EXIM Bank) for the acquisition of two Hindustan Aeronautics Limited (HAL) manufactured Dornier 228 aircraft.

Guyana signed a Line of Credit (LOC) Agreement worth USD 23.27 million with the Export-Import Bank of India (EXIM Bank) for the acquisition of two Hindustan Aeronautics Limited (HAL) manufactured Dornier 228 aircraft. Built by state-run HAL, the light-weight aircraft is used to transport troops, carry out maritime surveillance and several other government missions. Until recently, the Dornier-228 aircraft were being manufactured under licence from RUAG, a Swiss company. With the signing of this LOC Agreement, the Government of Guyana has received a total of 11 LOCs from the Indian EXIM Bank over the years.


     


     

     

 

     

Guyana
Capital- Georgetown
President- Dr Mohamed Irfaan Ali
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Ratan Tata, former chairman of Tata Sons, was awarded with the prestigious PV Narasimha Rao Memorial Award for his outstanding philanthropic contributions.

Ratan Tata, former chairman of Tata Sons, was awarded with the prestigious PV Narasimha Rao Memorial Award for his outstanding philanthropic contributions. The ceremony took place in Mumbai. Ratan Tata, an eminent personality in the business world, has been recognized for his remarkable and relentless efforts in the field of philanthropy. His contributions have positively impacted numerous communities across the country. The PV Narasimha Rao Memorial Award, named after the former Prime Minister of India, is an award of recognition for individuals who have demonstrated exceptional dedication to social welfare and humanitarian causes. Ratan Tata's philanthropic initiatives have spanned a wide range of areas, including healthcare, education, rural development, and environmental sustainability.


     


     

     

 

     

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India successfully test-fired its first indigenously-made 1500 Horsepower (HP) engine for Main Battle Tanks at BEML’s Engine division in Mysuru complex.

India successfully test-fired its first indigenously-made 1500 Horsepower (HP) engine for Main Battle Tanks at BEML’s Engine division in Mysuru complex. The achievement heralds a new era in the country’s defence capabilities, showcasing the technological prowess and commitment to self-reliance in defence technologies. The 1500 HP engine represents a paradigm shift in military propulsion systems, possessing cutting-edge features such as high power-to-weight ratio, operability in extreme conditions including high altitudes, sub-zero temperatures, and desert environments. The project is slated for completion by mid-2025.


     


     

     

 

     

BEML Limited
Founded- 1964; HQ- Bengaluru
CMD- Shantanu Roy
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The UK's Ministry of Defence (MoD) has conducted successful tests of its first-ever laser weapon, named "DragonFire".

The UK's Ministry of Defence (MoD) has conducted successful tests of its first-ever laser weapon, named "DragonFire". The high-powered laser is designed to target and neutralize drones, offering a potentially low-cost alternative to traditional missiles. The DragonFire laser weapon is expected to significantly reduce the reliance on expensive ammunition, offering a cost-effective solution for air defense. According to the UK government, firing the laser for just 10 seconds costs the equivalent of using a heater for an hour, typically less than £10 per shot. This cost efficiency makes it a promising option for military operations.


      DragonFire will be utilized by both the Army and the Royal Navy, enhancing their air defense capabilities.


     

     

 

     

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The ICAR-Central Marine Fisheries Research Institute (CMFRI) has developed a mobile app, ‘MARLIN@CMFRI’, to encourage citizen science initiatives in marine fisheries research.

The ICAR-Central Marine Fisheries Research Institute (CMFRI) has developed a mobile app, ‘MARLIN@CMFRI’, to encourage citizen science initiatives in marine fisheries research. The app is a gateway for comprehensive media sharing and is aimed to transform marine fishery research, species identification, and assessment efforts within India’s Exclusive Economic Zone (EEZ). ‘Marlin@CMFRI’ helps the public to upload photos of marine fish species encountered in the vast expanse of the Indian EEZ, leading to the development of a rich visual repository of marine fishery resources. The app encourages users to provide species details ensuring that the database is scientifically enriched, facilitating accurate species identification.


      The app was developed under a project led by Eldho Varghese at the Fishery Resources Assessment, Economics and Extension division of CMFRI.


     

     

 

     

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Frans de Waal, Dutch-American primatologist and ethologist, passed away in Stone Mountain, Georgia.

Frans de Waal, Dutch-American primatologist and ethologist, passed away in Stone Mountain, Georgia. He was the Charles Howard Candler Professor of Primate Behavior in the Department of Psychology at Emory University in Atlanta, Georgia. He was a member of the United States National Academy of Sciences and the Royal Netherlands Academy of Arts and Sciences. He also wrote a column for Psychologie Magazine, a popular Dutch monthly. In June 2018, de Waal was awarded the NAT Award, established by the Museum of Natural Sciences of Barcelona.


     


     

     

 

     

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David Seidler, the Oscar-winning screenwriter of The King's Speech, passed away in New Zealand.

David Seidler, the Oscar-winning screenwriter of The King's Speech, passed away in New Zealand. David Seidler was a British-American playwright and film and television writer. Seidler is most known for writing the scripts for the stage version and screen version for the story The King's Speech. For the film, he won the Academy Award and a BAFTA for Best Original Screenplay.


     


     

     

 

     

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Every year, World Sparrow Day is observed on 20 March to create awareness about the significance of sparrows and what we can do to keep their population thriving.

Every year, World Sparrow Day is observed on 20 March to create awareness about the significance of sparrows and what we can do to keep their population thriving. The first World Sparrow Day was celebrated on March 20, 2010. The Nature Forever Society started the initiative of celebrating World Sparrow Day, emphasising on the importance of saving house sparrows and other common birds. The Nature Forever Society was founded by Mohammed Dilawar, an Indian conservationist. The official theme for World Sparrow Day 2024 is "I Love Sparrows".


     


     

     

 

     

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‘International Day for the Elimination of Racial Discrimination’ is annually celebrated on 21 March.

‘International Day for the Elimination of Racial Discrimination’ is annually celebrated on 21 March. On the occasion of this day, unity is called for against casteism and racial discrimination. The theme of this year 2024 is ‘A Decade of Recognition, Justice, and Development: Implementation of the International Decade for People of African Descent’. The United Nations General Assembly (UNGA) designated March 21st as the International Day for the Elimination of Racial Discrimination in October 1966. In 1979, the UNGA adopted a program of activities calling for action to combat racism and racial discrimination. During this, UNGA decided that from 21-27 March it will organize a 'Week of Solidarity with People Struggling against Racism and Racial Discrimination'.


     


     

     

 

     

UN General Assembly (UNGA)
Founded- 1945, New York
HQ- New York, United States
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6 new sites from Madhya Pradesh have found place in the tentative UNESCO list of World Heritage Sites (WHS).

6 new sites from Madhya Pradesh have found place in the tentative UNESCO list of World Heritage Sites (WHS). These include Gwalior Fort, the historical Dhamnar rock-cut caves and Bhojeshwar Mahadev Temple in Bhojpur, the rock art site of Chambal valley, Kundi Bhandara in Burhanpur, Ramnagar and Mandla Gond sites. The inclusion on UNESCO's list will increase awareness about these destinations, and in turn, drive up the number of tourists and bestow global recognition. The process of nomination of these historical sites was carried by the MP Tourism Board. The proposal, consisting of 9 potential sites in MP, was submitted to UNESCO by the MP Tourism Board. After examining these proposals, UNESCO has approved 6 historical heritage sites. The remaining 3 heritage sites have been redirected for consideration under the 'serial nomination' clause and the MP Tourism Board is working on this.


      Earlier 4 sites were included in 2021, bringing the total sites to 10 under this tentative list by March 2024.


      Besides, 3 sites from MP are already included in UNESCO's permanent list.

     

 

     

United Nations Educational, Scientific and Cultural Organization (UNESCO)
Founded- November 1945; HQ- Paris, France
Director-General- Audrey Azoulay
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Union Home Minister Amit Shah virtually inaugurated a unique digital Criminal Case Management System (CCMS), designed by the National Investigation Agency (NIA) in New Delhi.

Union Home Minister Amit Shah virtually inaugurated a unique digital Criminal Case Management System (CCMS), designed by the National Investigation Agency (NIA) in New Delhi. In the virtual event, Home Minister Shah also inaugurated NIA’s 2 new branch offices in Jammu and Kochi and a residential complex in Raipur. He also launched a mobile app ‘Sankalan’ – A compendium of New Criminal Laws by the National Crime Records Bureau (NCRB). The newly developed Criminal Case Management System will enable the NIA personnel to better coordinate in terrorism and organised crime cases, thereby improving justice delivery.


      The Sankalan app has been designed to navigate through new criminal laws as a bridge between old and new criminal laws.


     

     

 

     

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Odisha Chief Minister Naveen Patnaik, inaugurated India’s first Indoor Athletics Centre and Indoor Aquatic Centre at the Kalinga Stadium in Bhubaneswar.

Odisha Chief Minister Naveen Patnaik, inaugurated India’s first Indoor Athletics Centre and Indoor Aquatic Centre at the Kalinga Stadium in Bhubaneswar. He also laid the foundation stone for the Indoor Diving Centre. The Indoor Athletics Centre stands as India’s first capable of hosting indoor continental and regional championships. This world-class facility will be a training ground for the Reliance Foundation Athletics High-Performance Centre, which has been producing young athletics champions. The centre boasts a 10,000-square-meter track used in Olympics, marking a pioneering feat within the country. The centre includes a 200-meter synthetic track, an 80m+20m running track, and designated areas for long jump, triple jump, pole vault, and shot-put, each meticulously designed to meet specific athletic requirements. The Indoor Aquatic Centre features temperature controlled 50m Olympic size swimming pool and 25 m warm up pool with a seating capacity for 1000 spectators and can host international championships.


     


     

     

 

     

Odisha
Capital- Bhubaneswar
Chief minister- Naveen Patnaik
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Jharkhand Governor C.P. Radhakrishnan took charge as Telangana governor.

Jharkhand Governor C.P. Radhakrishnan took charge as Telangana governor. He was also given additional charge as the Lt Governor of Puducherry. Chief Justice of the Madras High Court SV Gangapurwala administer the oath to him. Tamilisai Soundararajan resigned from the posts of Governor of Telangana and Puducherry Lt Governor to contest the April 19 Lok Sabha polls from Chennai (South) constituency. The above appointment will take effect from the date he assumes charge of his office. Radhakrishnan, who had served as a Lok Sabha member, is the third Governor of Telangana.


     


     

     

 

     

Telangana
Capital- Hyderabad
Chief minister- Revanth Reddy
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Russian President Vladimir Putin has won 5th term as the president of Russia in the 2024 presidential elections.

Russian President Vladimir Putin has won 5th term as the president of Russia in the 2024 presidential elections. He claimed another six-year term by getting 87 percent of the vote with 80 percent of the precincts counted. Communist candidate Nikolai Kharitonov finished second and newcomer Vladislav Davankov third. Vladimir Vladimirovich Putin is a Russian politician and former intelligence officer who is the president of Russia. Putin has held continuous positions as president or prime minister since 1999, as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012.


     


     

     

 

     

Russia
Capital- Moscow
Currency- Russian Ruble
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Ministry of Rural Development, Government of India has signed a Non-Financial MoU with the Bharat Financial Inclusion Limited (BFIL) to support the livelihood intervention of DAY-NRLM by syncing their activities in livestock and fisheries development.

Ministry of Rural Development, Government of India has signed a Non-Financial MoU with the Bharat Financial Inclusion Limited (BFIL) to support the livelihood intervention of DAY-NRLM by syncing their activities in livestock and fisheries development. As BFIL is already working with women in sphere of financial inclusion in rural areas through JLGs with most of the beneficiaries in livestock sector. As part of the MoU, in initial phase a centralized Project Monitoring Unit will be established to support DAY-NRLM at national level and State PMU in Maharashtra, Madhya Pradesh, Jharkhand, Uttar Pradesh, Rajasthan, Tamil Nadu and Bihar will be developed. The PMU will comprise specialists from livestock (as per the need in respective state), Market Linkage etc.


      BFIL will also strengthen the Pashu Sakhis (last mile extension workers at village) developed under DAY-NRLM to provide basic healthcare support to animals.


     

     

 

     

Ministry of Rural Development
Union Minister- Giriraj Singh
State Minister- Faggan Singh Kulaste, Sadhvi Niranjan Jyoti
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The Ministry of Skill Development and Entrepreneurship (MSDE) has unveiled several initiatives aimed at enhancing the scale and pace of the skill ecosystem.

The Ministry of Skill Development and Entrepreneurship (MSDE) has unveiled several initiatives aimed at enhancing the scale and pace of the skill ecosystem. MSDE has signed 19 MoUs with its various departments – one led by the Directorate General of Training (DGT), 3 MoUs signed by the National Institute for Entrepreneurship and Small Business Development (NIESBUD), 5 under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), one under PM Vishwakarma and 9 MoUs through the National Skill Development Corporation (NSDC). Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan, announced these strategic partnerships to bring scale and speed to the country’s skill ecosystem in New Delhi. During the event, the Minister also launched Mock Test 2.0 by NIMI in 12 languages and 4 New Age courses under the Craftsmen Training Scheme (CTS) in Artificial Intelligence and Cyber Security.


      MSDE has been proactively introducing new-age trades, setting up ITIs dedicated to new-age technologies and providing entrepreneurial support through initiatives.


     

     

 

     

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India and Brazil hold their first-ever '2+2' defence and foreign ministerial dialogue in New Delhi.

India and Brazil hold their first-ever '2+2' defence and foreign ministerial dialogue in New Delhi. The Brazilian delegation was led by Director at Brazilian foreign ministry Marcelo Camara and Rear Admiral Fernando de Luca Marques de Oliviera. It was co-chaired by additional secretary in the external affairs ministry G V Srinivas and joint secretary in the defence ministry Vishwesh Negi. India and Brazil explored ways to expand cooperation in areas of energy, critical minerals, technology and counter-terrorism at their first '2+2' defence and foreign ministerial dialogue.


      India conducts '2+2' dialogues with key strategic partners: the US, Australia, Japan, and Russia.


      The US holds the oldest and most significant '2+2' talks partnership with India.

     

 

     

Brazil
Capital- Brasília
Continent- South America
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Maharashtra Chief Minister Eknath Shinde inaugurated India's first Liquefied Natural Gas (LNG) powered bus, which will be operated by Maharashtra State Road Transport Corporation (MSRTC).

Maharashtra Chief Minister Eknath Shinde inaugurated India's first Liquefied Natural Gas (LNG) powered bus, which will be operated by Maharashtra State Road Transport Corporation (MSRTC). 5000 of its diesel vehicles will be converted to LNG alternative fuel vehicles in phases, adding that 34 percent of its total expenditure is for diesel for its fleet of 16,000 buses. Due to conversion of buses from diesel to LNG, pollution will reduce by 10 percent and fuel cost will go down significantly.


      MSRTC has signed an MoU with M/s Kings Gas for the conversion of buses to LNG.


      MSRTC, which ferries around 60 lakh passengers everyday, will set up LNG distribution facilities at 90 depots across the state.

     

 

     

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The Securities and Exchange Board of India (SEBI) approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs), and Foreign Portfolio Investors (FPIs).

The Securities and Exchange Board of India (SEBI) approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs), and Foreign Portfolio Investors (FPIs). The market regulator also approved a uniform approach for verification of market rumours—based on the submissions made by an Industry Standards Forum (ISF). Earlier, Sebi chairperson Madhabi Puri Buch had indicated March 28 as the timeline to launch T+0 settlement cycle. The composite holdings of all such FPIs in the company with no identified promoter should be less than 3 percent of its total equity share capital. FPI registrations that expire due to non-payment of registration fee will now be permitted to be reactivated within 30 days from such expiry. If the FPI chooses not to re-activate its registration within 30 days, it shall be given 180 days for disposal of its securities.


      SEBI has also recognised the stock exchanges as a body for administration and supervision of research analysts and investment advisors.


      Securities remaining unsold after 360 days will be deemed to have been compulsorily written-off and will be transferred to an escrow account.

     

 

     

Securities and Exchange Board of India (SEBI)
HQ- Mumbai
Chairperson- Madhabi Puri Buch
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REC Power Development and Consultancy Limited (RECPDCL) has signed an MoU with Bharat Heavy Electrical Limited (BHEL) for joint development of utility scale Renewable Energy Projects across the country.

REC Power Development and Consultancy Limited (RECPDCL) has signed an MoU with Bharat Heavy Electrical Limited (BHEL) for joint development of utility scale Renewable Energy Projects across the country. The MoU thus aims to contribute to the clean energy targets of the nation, through a dedicated Special Purpose Vehicle (SPV). The SPV will be benefitted by the core engineering expertise of BHEL and infrastructure investment expertise of REC Limited. The SPV will focus on catering to the energy requirement of preferably the commercial and industrial (C&I) segment, with an initial capacity of 1 GW which would be scaled up further.


      The loan book of REC stands at Rs4.97 Lakh Crores and Net Worth at Rs64,787 crores as on 31st December, 2023.


     

     

 

     

Bharat Heavy Electricals Limited (BHEL)
Founded- November 1964; HQ- New Delhi
CMD- Koppu Sadashiv Murthy
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Renowned carnatic musician, T M Krishna, has been chosen as the Sangita Kalanidhi awardee for 2024.

Renowned carnatic musician, T M Krishna, has been chosen as the Sangita Kalanidhi awardee for 2024. The award, considered the Oscar equivalent for carnatic music, is given away by the Music Academy in Chennai. T.M. Krishna began his musical journey at a young age. At the age of 12, Krishna presented his debut concert at the Madras Music Academy. The Madras Music Academy also announced other awards along with the Sangita Kalanidhi. The Nritya Kalanidhi was awarded to Mohiniyattam exponent Neena Prasad, who runs music academies in Chennai and Thiruvananthapuram. The two Sangeet Acharya awards were given to mridangam guru Professor Parasalla Ravi and Carnatic vocalist Geetha Raja, a student of the renowned T. Brinda of the Veenai Dhanammal school of Carnatic Music.


      The Sangita Kalanidhi award, instituted by the Madras Music Academy, is the most prestigious recognition in the field of Carnatic music.


     

     

 

     

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The Indian Army has launched “Signals Technology Evaluation and Adaptation Group” (STEAG), a first of its kind specialised technology unit, for undertaking research and evaluation of the next generation communication technologies.

The Indian Army has launched “Signals Technology Evaluation and Adaptation Group” (STEAG), a first of its kind specialised technology unit, for undertaking research and evaluation of the next generation communication technologies. This elite unit is dedicated to researching and evaluating futuristic communication technologies like 6G, artificial intelligence (AI), machine learning, and quantum computing for military applications. The hi-tech unit will carry out technical scouting, evaluation, development, management of core ICT solutions, and provide user interface support by maintenance and upgradation of contemporary technologies available in the environment.


      STEAG will focus on critical technology domains such as 5G and 6G networks, quantum technologies, AI, and machine learning.


     

     

 

     

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Padma Shri awardee for handloom and Bababuti sarees, Kapil Dev Prasad passed away in Bihar.

Padma Shri awardee for handloom and Bababuti sarees, Kapil Dev Prasad passed away in Bihar. Kapil Dev Prasad, resident of Basavan Bigha village of district headquarters Bihar Sharif, had given recognition to the art of handloom and Bababuti saree. He distributed the skills learned from his ancestors among the people and developed this art as a form of employment. In 2023, he was awarded the Padma Shri, the country's fourth highest honour.


      Bawan Booti is basically a kind of weaving art. It is called Bawan Booti because 52 similar motifs are stitched by hand on cotton or tasar cloth.


      The symbols of Buddhist religion and culture are used in very fine workmanship in the boots.

     

 

     

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The Union Minister of Finance, Nirmala Sitharaman was presented with two insightful books by, Sivasubramanian Ramann, Chairman and Managing Director, SIDBI.

The Union Minister of Finance, Nirmala Sitharaman was presented with two insightful books by, Sivasubramanian Ramann, Chairman and Managing Director, SIDBI. The first book, titled Prabhaav is an Impact Study of Fund of Funds, reveals the transformative effects of fund allocation strategies under the Start Up Fund of Funds scheme of the Govt. The second book 'Diagnostic mapping of cluster - Charting the path ahead through intervention' is a comprehensive treatise on Cluster Development, which highlights the how SIDBI has been attending to clusters under a Programmatic/Structured Approach adopted.


      SIDBI is the Principal Financial Institution for Promotion, Financing and Development of the MSME sector.


     

     

 

     

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The International Day of Happiness is annually observed on 20th March.

The International Day of Happiness is annually observed on 20th March. The day’s goal is to make the world a kinder and happier place by encouraging people to practise simple, daily happiness habits. The United Nations General Assembly (UNGA) first declared this special day in 2013. On July 12, 2012, the United Nations General Assembly declared the International Day of Happiness via resolution 66/281. The theme of International Day of Happiness 2024 is "Happier Together".


     


     

     

 

     

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World Oral Health Day is celebrated every year on March 20 to spread awareness around oral health.

World Oral Health Day is celebrated every year on March 20 to spread awareness around oral health. World Oral Health Day was first celebrated September 12, 2007, on the birthday of FDI founder Dr Charles Godon. It was organised by the FDI World Dental Federation to raise global awareness around importance of oral health and hygiene. However, in 2013, the FDI decided to move the date to March 20 in order to avoid conflict with other events and to align with the international calendar. The theme of World Oral Health Day 2024 is "A happy mouth is....a happy body".


     


     

     

 

     

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An Indian Army contingent 'GORKHA RIFLES' embarked for Seychelles to participate in the 10th edition of Joint Military Exercise 'LAMITIYE-2024', which will be conducted at Seychelles from 18 to 27 March 2024.

An Indian Army contingent 'GORKHA RIFLES' embarked for Seychelles to participate in the 10th edition of Joint Military Exercise 'LAMITIYE-2024', which will be conducted at Seychelles from 18 to 27 March 2024. The Joint Exercise between the Indian Army and Seychelles Defence Forces (SDF) will be conducted. 45 personnel each from the GORKHA RIFLES of the Indian Army and Seychelles Defence Forces (SDF) will participate in the exercise. The aim of the exercise is to enhance interoperability in sub-conventional operations in a semi-urban environment under Chapter VII of the United Nations Charter on Peacekeeping Operations. The 10-day joint exercise will include field training exercises, combat discussions, lectures and demonstrations, which culminate in two days of validation exercises.


      'LAMITIYE' meaning 'Friendship' in the Creole language is a biennial training event and has been conducted in the Seychelles since 2001.


     

     

 

     

Seychelles
Capital- Victoria
Currency- Seychellois Rupee
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The United Nations French Language Day is annually observed on 20th March to marks the celebration of the French language and its culture.

The United Nations French Language Day is annually observed on 20th March to marks the celebration of the French language and its culture. It is one of the six official languages celebrated by the UN each year. The French Language Day was introduced by the United Nations back in 2010 as part of the Language Day celebrations to raise awareness of multilingualism and cultural diversity. According to the United Nations, the date of French Language Day was chosen symbolically in reference to March 20, 1970, which marks the creation of the Agency for Cultural and Technical Cooperation (ACCT), which became the International Organization of La Francophonie (OIF).


     


     

     

 

     

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The Department of Fisheries successfully inaugurated the integration of the Kisan Credit Card (KCC) Fisheries scheme onto the JanSamarth Portal.

The Department of Fisheries successfully inaugurated the integration of the Kisan Credit Card (KCC) Fisheries scheme onto the JanSamarth Portal. The integration of the KCC Fisheries scheme onto the JanSamarth Portal signifies a towards providing a digital platform for fish farmers and stakeholders in the fisheries sector. This initiative aims to streamline processes, digitize workflows, and provide efficient loan management services, ensuring enhanced accessibility and transparency for beneficiaries. The integration of the KCC Fisheries scheme onto the JanSamarth Portal heralds a new era of efficiency, transparency, and inclusivity in the fisheries sector. Fishers and Fish farmers across the country can now easily apply for their KCC loans and manage their loan accounts online.


      The KCC Fisheries scheme, resulting in the issuance of over 3,01,309 KCC cards to beneficiaries engaged in fisheries and aquaculture activities nationwide.


     

     

 

     

Ministry of Fisheries, Animal Husbandry and Dairying
Union Minister- Parshottam Rupala
State Minister- Sanjeev Kumar Balyan, Dr. L Murugan
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The Federation of Indian Export Organisations (FIEO) has unanimously elected Ashwani Kumar as its new president.

The Federation of Indian Export Organisations (FIEO) has unanimously elected Ashwani Kumar as its new president. Kumar, who is a Jalandhar-based engineering exporter, replaced Dr A Sakthivel. Besides serving as the Regional Chairman (Northern Region) of the organisation, Kumar has also represented various forums of Jalandhar. He is taking over the post at a time when global trade is undergoing a sea change.


     


     

     

 

     

Federation of Indian Export Organisations (FIEO)
Formed- 1965
HQ- New Delhi
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Kishor Makwana assumed the charge of Chairman of National Commission for Scheduled Castes (NCSC) in New Delhi.

Kishor Makwana assumed the charge of Chairman of National Commission for Scheduled Castes (NCSC) in New Delhi. Luv Kush Kumar also assumed the charge of Member of NCSC. Makwana served as a joint spokesperson of the Gujarat unit of the Bharatiya Janta Party (BJP). He is also a journalist and a columnist. He has been an Author of more than 33 books. Makwana has written 9 books on Dr. Ambedkar.


      NCSC is a constitutional body. It was established to provide safeguards against exploitation of the Scheduled Castes (SC).


     

     

 

     

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Prime Minister Shri Narendra Modi participated and addressed the youth in the ‘India’s Techade: Chips for Viksit Bharat’ at via video conferencing.

Prime Minister Shri Narendra Modi participated and addressed the youth in the ‘India’s Techade: Chips for Viksit Bharat’ on 13th March 2024 at via video conferencing. He also laid the foundation stone of three semiconductor projects worth about Rs1.25 lakh crore with the goal of ‘Development of Semiconductors and Display Manufacturing Ecosystems in India’. India Semiconductor Mission has been set up by the Government of India to create an end-to-end semiconductor ecosystem to enable India to lead the global semiconductor industry. The following units will be dedicated to the nation by the Prime Minister- India’s first Fab facility in Dholera, Gujarat; OSAT facility in Sanand, Gujarat; OSAT facility in Morigaon, Assam. The occasion witness the participation of students from 1814 institutes, including, all Central Universities, IITs, NITs, IIMs, IISER, IISc and other top institutes where Research, Innovation and STEM disciplines are prominent.


     


     

     

 

     

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Prime Minister Narendra Modi unveiled the first-ever nationwide initiative ‘Dekho Apna Desh People’s Choice 2024’ in order to identify the pulse of the nation on tourism.

Prime Minister Narendra Modi unveiled the first-ever nationwide initiative ‘Dekho Apna Desh People’s Choice 2024’ in order to identify the pulse of the nation on tourism. The aim of the nationwide poll is to engage with citizens to identify the most preferred tourist attractions and understand perceptions across five tourism categories, including spiritual, cultural and heritage, nature and wildlife, adventure, and other category. Additionally, PM Modi also launched the ‘Chalo India Global Diaspora Campaign’ with an aim to motivate the Indian diaspora to become Incredible India ambassadors and promote tourism to India. The campaign has been launched based on the clarion call of the Prime Minister, wherein he requested Indian diaspora members to encourage at least five non-Indian friends to travel to India.


      PM Modi also launched development projects worth more than Rs6,400 crore during his visit to Jammu and Kashmir.


      Under this, Modi dedicated to nation about Rs5,000 crore worth programme - the ‘Holistic Agriculture Development Programme’ - for boosting agri-economy in Jammu and Kashmir.

      This is the first visit of the Prime Minister to Kashmir after the abrogation of Article 370.

 

     

Jammu and Kashmir
Lieutenant Governor- Manoj Sinha
Wildlife Sanctuary- Gulmarg Wildlife Sanctuary, Hirpora Wildlife Sanctuary, Overa Aru Wildlife Sanctuary
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The grand 'Bharat Shakti' exercise on 12th March 2024, showcased the capabilities of indigenously manufactured defence equipment of the three services at the Pokhran firing range in Rajasthan.

The grand 'Bharat Shakti' exercise on 12th March 2024, showcased the capabilities of indigenously manufactured defence equipment of the three services at the Pokhran firing range in Rajasthan. Prime Minister Narendra Modi, Defence Minister Rajnath Singh, and Army Chief General Manoj Pande were present to witness the demonstration. The integrated tri-service firepower and manoeuvre exercise was held for about 50 minutes at the Pokhran field firing range where India showcased the prowess of its indigenous defence equipment. The roar of aircraft mid-air, and valour displayed on ground during Bharat Shakti exercise is the call of a 'new India' (naye Bharat ka aavhan hai).


     


     

     

 

     

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Prime Minister Narendra Modi dedicated to the nation the Marathwada Rail Coach Factory and launched various other railway projects in Maharashtra.

Prime Minister Narendra Modi dedicated to the nation the Marathwada Rail Coach Factory and launched various other railway projects in Maharashtra. He also inaugurated five Jan Aushadi Kendras (for affordable and quality generic medicines) at the Lokmanya Tilak Terminus (Mumbai), Manmad (Nashik), Pimpri, Solapur and Nagbhir (Chandrapur). He also inaugurated four rail coach restaurants at Nashik Road, Akola, and Mumbai's Andheri and Borivali stations. The PM inaugurated and dedicated to the nation 506 projects, including the Latur-based Marathwada Rail Coach Factory, a wagon repair workshop at Badnera and Vande Bharat chair car maintenance-cum-workshop depot in Pune. The Marathwada Rail Coach Factory will ensure supply of the Vande Bharat Train sets (16 car formation) to the Indian Railways in co-ordination with its technology partners. It will provide direct employment to around 1,300 persons and indirect employment to more than 10,000 persons in terms of various outsourced activities.


     


     

     

 

     

Maharashtra
Capital- Mumbai
Chief minister- Eknath Shinde; Governor- Ramesh Bais
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Hardeep Singh Puri, Union Minister for Petroleum & Natural Gas and Housing and Urban Affairs, launched ‘ETHANOL 100, a revolutionary automotive fuel at IndianOil Retail Outlet Irwin Road Service Station, New Delhi.

Hardeep Singh Puri, Union Minister for Petroleum & Natural Gas and Housing and Urban Affairs, launched ‘ETHANOL 100, a revolutionary automotive fuel at IndianOil Retail Outlet Irwin Road Service Station, New Delhi. Customers can avail ETHANOL 100 at select 183 retail outlets across five states – Maharashtra, Karnataka, Uttar Pradesh, New Delhi, and Tamil Nadu. Shri Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas; Shri Shrikant Madhav Vaidya, Chairman, senior officials from MoP&NG, functional Directors of IndianOil also participated in the launch ceremony. ETHANOL 100 fuel has the potential to transform our transportation sector and reduce our dependence on fossil fuels.


      ETHANOL 100 was inspired by the vision of the Prime Minister of India to transform Annadatas to Urjadatas.


      These plants are expected to add an annual production design capacity of 745 crore litres.

     

 

     

Ministry of Petroleum and Natural Gas
Union Minister- Hardeep Singh Puri
State Minister- Rameswar Teli
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The ministry of information & broadcasting (MIB) notified the new Cinematograph (Certification) Rules, 2024, to improve the process of film certification and enhance transparency, efficiency and ease of doing business for the film industry.

The ministry of information & broadcasting (MIB) notified the new Cinematograph (Certification) Rules, 2024, to improve the process of film certification and enhance transparency, efficiency and ease of doing business for the film industry. The new rules aim to streamline and modernise the film certification process for the digital age, keeping pace with the emerging technologies and advancement in the film sector. The new rules will provide greater representation of women in the Central Board of Film Certification (CBFC) Board & CBFC Advisory Panels, where it is stipulated that one-third of the members in the Board shall be women or preferably half shall be women. The upgraded CBFC rules introduce new age-based categories of certification by further subdividing the existing UA category into three age-based categories- 7 years (UA 7+), 13 years (UA 13+), and 16 years (UA 16+), instead of 12 years.


      The new rules were notified in accordance with the Cinematograph (Amendment) Act, 2023, replacing the Cinematograph (Certification) Rules, 1983.


      The government had last year amended the Cinematograph Act, 1952, after almost 40 years to comprehensively address the issues relating to film certification.

     

 

     

Ministry of Information & Broadcasting
Union Minister- Anurag Thakur
Founded- 15 August 1947
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To transform the Fair Price Shops (FPSs) across India, the Department of Food and Public Distribution has signed two MoUs with the Ministry of Skill Development and Entrepreneurship (MSDE) and the Small Industries Development Bank of India (SIDBI).

To transform the Fair Price Shops (FPSs) across India, the Department of Food and Public Distribution has signed two MoUs with the Ministry of Skill Development and Entrepreneurship (MSDE) and the Small Industries Development Bank of India (SIDBI). The Department of Food & Public Distribution (DoF&PD) signed an MoU with the National Institute for Entrepreneurship and Small Business Development, NIESBUD under Ministry of Skill Development and Entrepreneurship (MSDE), to tackle skill development challenges faced by FPS dealers. The two MoUs are a breakthrough in the area of capacity building and opening investment & financing opportunities for FPSs in the country. The two agreements will significantly elevate employability and enhance the livelihood of FPS dealers.


     


     

     

 

     

Ministry of Consumer Affairs, Food and Public Distribution
Union Minister- Piyush Goyal
State Minister- Ashwini Kumar Choubey; Sadhvi Niranjan Jyoti
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INS Tir, the lead ship of First Training Squadron (1TS), participated in Exercise Cutlass Express - 24 (CE – 24) held at Port Victoria, Seychelles.

INS Tir, the lead ship of First Training Squadron (1TS), participated in Exercise Cutlass Express - 24 (CE – 24) held at Port Victoria, Seychelles from 26 February to 8 March 2024. The exercise was inaugurated by the President of Seychelles in attendance of dignitaries from India, USA and African countries. As part of Cutlass Express, the Indian Navy actively engaged with participants from 16 friendly foreign countries. Earlier INS Tir undertook joint EEZ surveillance with Seychelles Coast Guard from 01 – 03 Mar 2024. The extant deployment of INS Tir at Seychelles and participation in exercise Cutlass Express underscores close ties between Indian Navy and the regional Navies towards joint training fostering interoperability and building bridges of friendship.


      The Indian Navy has been participating in the exercise since 2019.


     

     

 

     

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The Reserve Bank of India has reconstituted the three-member Committee of Advisors of Abhyudaya Cooperative Bank Ltd.

The Reserve Bank of India has reconstituted the three-member Committee of Advisors of Abhyudaya Cooperative Bank Ltd, inducting Devendra Kumar (former Chief General Manager, State Bank of India) in place of Mahendra Chhajed (Chartered Accountant), who resigned. On November 24, 2023, RBI superseded the bank’s Board of Directors for 12 months and appointed Satya Prakash Pathak (former Chief General Manager of State Bank of India ) as “Administrator” to manage the affairs of the bank during this period. A “Committee of Advisors” was also constituted to assist the Administrator in discharging his duties. Besides Kumar, the Bank’s Committee of Advisors now comprises Venkatesh Hegde (former General Manager, SBI) and Suhas Gokhale (former MD, COSMOS Cooperative Bank Limited).


      No business restrictions have been placed by RBI and the bank shall continue to carry on its normal banking activities as is hitherto, under the guidance of the Administrator.


     

     

 

     

Abhyudaya Cooperative Bank Ltd
Establishment- 1965; HQ- Mumbai
Chief Executive Officer- Premnath S. Salian
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REC Limited has signed a MoU with the Government of Rajasthan, finance power & infrastructure projects in Rajasthan worth Rs20,000 crores annually for next 6 years.

REC Limited has signed a MoU with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors. Under this agreement, REC Limited will provide loans of up to Rs20,000 crores annually for the next six years to various departments, undertakings, institutions and schemes of the Government of Rajasthan. This collaboration underscores REC's commitment to supporting the development of both power and non-power infrastructure in Rajasthan, thereby contributing to the state's economic growth and prosperity.


      On the occasion, MoUs worth Rs1.6 lakh crores were signed with the Govt of Rajasthan, by Central Public Sector Undertakings (CPSUs) under the Ministry of Power and Ministry of Coal.


     

     

 

     

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B2B SaaS fintech company Perfios has become India's second unicorn of 2024 as it raised $80 million in a new funding round from Teachers' Venture Growth (TVG).

B2B SaaS fintech company Perfios has become India's second unicorn of 2024 as it raised $80 million in a new funding round from Teachers' Venture Growth (TVG). Perfios now valued at more than $1 billion with the new investment. Company will be using the new capital for international expansion and to explore inorganic growth opportunities.


      Bhavish Aggarwal's AI startup Krutrim SI Designs raised $50 million at a $1 billion valuation last month, becoming the first unicorn of 2024.


      Founded in 2008, Perfios is serving the banking, financial services and insurance industry in 18 countries, empowering more than 1,000 financial institutions.

     

 

     

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The Indian Express’s Chief of National Bureau (govt) Ritika Chopra and independent journalist Greeshma Kuthar have been jointly awarded the Chameli Devi Jain Award 2024 for Outstanding Woman Media Person of the Year.

The Indian Express’s Chief of National Bureau (govt) Ritika Chopra and independent journalist Greeshma Kuthar have been jointly awarded the Chameli Devi Jain Award 2024 for Outstanding Woman Media Person of the Year. An independent jury comprising senior journalist and columnist Radhika Ramaseshan (Chair), award-winning journalist and author Mariyam Alavi, and Down to Earth managing editor Richard Mahapatra selected the winners from more than 65 entries of women journalists. Kuthar has been awarded for her deeply-researched long-form investigative reporting from conflict areas such as Manipur. Chopra has been awarded for her in-depth investigative stories in the fields of education and government policy. The award presentation took place at the India International Centre, CD Deshmukh Hall.


      The award is named after freedom fighter and community reformer Chameli Devi Jain who was imprisoned during India’s Independence movement.


     

     

 

     

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A new genus and species named 'Indopria Angulata' of parasitoid wasp has been discovered by a team of researchers at the Zoological Survey of India (ZSI), Kolkata.

A new genus and species named 'Indopria Angulata' of parasitoid wasp has been discovered by a team of researchers at the Zoological Survey of India (ZSI), Kolkata. This discovery expands the knowledge of the local insect fauna and highlights the importance of continued research efforts to document and classify species within this diverse group of insects. Additionally, the identification of Indopria angulata provides valuable insights into the evolutionary relationships and ecological roles of parasitoid wasps in their respective ecosystems. Named Indopria, with ‘Indo’ representing India and ‘pria’ from Latin meaning ‘little wasp’.


     


     

     

 

     

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Royal Challengers Bangalore won the Women’s Premier League 2024 title with an 8-wicket victory over Delhi Capitals in the final at the Arun Jaitley Stadium in New Delhi.

Royal Challengers Bangalore won the Women’s Premier League 2024 title with an 8-wicket victory over Delhi Capitals in the final at the Arun Jaitley Stadium in New Delhi. Having won the toss, Delhi Capitals skipper Meg Lanning opted to bat first. DC, who also finished runners-up last season, never managed to recover and could only get 113 on the scoreboard before being bundled out in the 19th over bowled by Shreyanka Patil. Delhi Capitals 113/10 (Shafali Verma 44, Meg Lanning 23; Shreyanka Patil 4/12) lost to Royal Challengers Bangalore (Ellyse Perry 35*, Sophie Devine 32; Shikha Pandey 1/11) by eight wickets.


     


     

     

 

     

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Former Navy Chief Admiral (retd) L Ramdas passed away at the age of 90.

Former Navy Chief Admiral (retd) L Ramdas passed away at the age of 90. On November 30, 1990, he had taken over as the 13th Chief of Naval Staff (CNS) and retired in 1993. Admiral Ramdas, whose full name is Laxminarayan Ramdas, settled at Alibag in Maharashtra after retirement. He joined the Joint Services Wing of the Armed Forces Academy in Clement Town, Dehradun in 1949, and was commissioned as an officer of the Indian Navy in September 1953. He was trained as a communications specialist. They were also part of movements for gender equality, fisherpeople’s rights, the rights of farmers, the rights of religious and ethnic minorities, and many others.


     


     

     

 

     

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The Ministry of Defence has signed a contract worth Rs2,890 crore with with Hindustan Aeronautics Limited (HAL) for Mid Life Upgrade (MLU) of 25 Dornier Aircraft along with associated equipment for the Indian Navy.

The Ministry of Defence has signed a contract worth Rs2,890 crore with with Hindustan Aeronautics Limited (HAL) for Mid Life Upgrade (MLU) of 25 Dornier Aircraft along with associated equipment for the Indian Navy. The MLU for Dornier Aircraft includes an upgrade to incorporate state-of-the-art avionics systems and primary role sensors. The project will be implemented within six and half years.


      The MLU of 25 Dornier aircraft is likely to generate an employment of 1.8 lakh mandays during its execution span of 6.5 years.


     

     

 

     

Hindustan Aeronautics Limited
Founded- December 1940
HQ- Bengaluru
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President of India Droupadi Murmu, was visit on Mauritius from 11th to 13th March 2024.

President of India Droupadi Murmu, was visit on Mauritius from 11th to 13th March 2024. She attended the National Day celebrations of Mauritius on 12th March as the Chief Guest, on the invitation of the Government of Mauritius. President Murmu hold bilateral meetings with the President of the Republic of Mauritius, Mr Prithvirajsing Roopun and Prime Minister of Mauritius, Mr Pravind Kumar Jugnauth. During the visit, President Murmu and Prime Minister Jugnauth jointly inaugurated 14 India-assisted projects, showcasing the growing expanse and multifaceted nature of India’s vibrant development partnership with Mauritius that constitutes a key pillar of the bilateral relationship. President Murmu also witness exchange of important bilateral agreements that seek to further strengthen the robust bilateral institutional collaboration and capacity-building cooperation between the two countries. She addressed Mauritian youth at the University of Mauritius and socio-cultural organisations, members of the Indian diaspora and the Indian community at the Mahatma Gandhi Institute.


      As the sixth Indian President to grace the Mauritian National Day as the Chief Guest since 2000, President Murmu’s State Visit underscores the longstanding and enduring ties between India and Mauritius.


      This was Droupadi Murmu first visit to Mauritius.

     

 

     

Mauritius
Capital- Port Louis
Currency- Mauritian Rupee
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The Ministry of Health and Family Welfare has announced the formation of an expert 16-member committee, chaired by Dr. V K Paul, to review the implementation of AB-PMJAY.

The Ministry of Health and Family Welfare has announced the formation of an expert committee to review the implementation of Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). The 16-member committee, chaired by Dr. V K Paul (Vinod Kumar Paul), Member (Health) at NITI Aayog, will oversee the progress of AB-PMJAY in terms of beneficiary identification, hospitalisation, and modes of implementation. A key task of the committee is to suggest measures to prevent fraud or misuse of the scheme. Additionally, the committee will discuss ways to provide linkages with Ayushman Bharat Digital Mission (ABDM) and Ayushman Arogya Mandirs (AAMs). The government has formally notified the setting up of the committee on 8 March 2024 and has set a deadline of 45 days for the panel to submit its report.


      The committee will also include Health Secretary Apurva Chandra, Deepti Gaur Mukerjee, Chief Executive Officer (CEO) of the National Health Authority (NHA), former NHA CEO Indu Bhushan, and representatives from private entities.


      As per the Union Health Ministry, over 25.21 crore Ayushman cards have been generated, and the number is expected to soon surpass 30 crore.

     

 

     

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Kotak Mahindra Bank has appointed Jaideep Hansraj, the managing director & CEO of Kotak Securities, as the group president-One Kotak.

Kotak Mahindra Bank has appointed Jaideep Hansraj, the managing director & CEO of Kotak Securities, as the group president-One Kotak, with effect from April 1, 2024. The appointment is important for leveraging the Group’s financial conglomerate model and delivering holistic propositions to customers. Kotak Securities president and COO Shripal Shah will take over as the MD & CEO from Hansraj after receiving necessary approvals.


      ‘One Kotak’ is the term used by the bank for its internal framework for inter-Group synergies and cross-selling opportunities.


     

     

 

     

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Reliance Industries has agreed to buy Paramount Global's entire 13.01% stake in Viacom 18 Media for approximately Rs4,286 crore.

Reliance Industries has agreed to buy Paramount Global's entire 13.01% stake in local entertainment network Viacom 18 Media for approximately Rs4,286 crore. After the completion of this transaction, Reliance's equity stake in Viacom18 will increase to 70.49% on a fully diluted basis. At present, Reliance holds Compulsorily Convertible Preference Shares of Viacom18, representing a 57.48% equity stake.


      Viacom18, primarily owned by Reliance, operates a network of 40 television channels, featuring popular brands such as Comedy Central, Nickelodeon, and MTV.


     

     

 

     

Viacom 18
Founded- 2007
Parent organization- TV18
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'Agray' and 'Akshay', the 5th and 6th ships of 08 x ASW Shallow Water Craft (SWC) Project being built by M/S GRSE for Indian Navy, were launched at M/S GRSE, Kolkata.

'Agray' and 'Akshay', the 5th and 6th ships of 08 x ASW Shallow Water Craft (SWC) Project being built by M/S GRSE for Indian Navy, were launched on 13 March 2024 at M/S GRSE, Kolkata. The Launch Ceremony was presided over by Air Chief Marshal V R Chaudhari, Chief of the Air staff. In keeping with maritime tradition, Mrs Neeta Chaudhari, President AFFWA, launched the ships to the invocation from Atharva Veda. The ships have been rechristened as Agray and Akshay, named after erstwhile Abhay Class Corvettes Agray and Akshay of Indian Navy. The contract for building 8 ASW SWC ships was signed between MOD and Garden Reach Shipbuilders & Engineers (GRSE), Kolkata on 29 April 2019.


      The ASW SWC ships are 77.6 m long & 105 m wide with a displacement of 900 tons and endurance of over 1800 NM.


      The first ship of the project is planned to be delivered during the first half of 2024.

      The ASW SWC ships will have over 80% indigenous content, thereby ensuring that large scale defence production is executed by Indian manufacturing units, generating employment and capability enhancement within the country.

 

     

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MethaneSAT, a satellite which will track and measure methane emissions at a global scale, was launched aboard a SpaceX Falcon9 rocket from California.

MethaneSAT, a satellite which will track and measure methane emissions at a global scale, was launched aboard a SpaceX Falcon9 rocket from California. The washing-machine-sized satellite, named MethaneSAT, one of 53 payloads on SpaceX's Transporter-10 rideshare mission. MethaneSAT is designed to ultimately help policymakers independently verify industry reports by pinpointing hotspots of methane, the invisible but potent greenhouse gas, which traps much more heat in Earth's atmosphere per molecule than carbon dioxide. MethaneSAT, the first satellite by a nonprofit environmental group, will collect data about methane leaks from 300 targets worldwide while circling Earth 15 times a day from its orbit 360 miles (580 kilometers) above ground, according to the mission plan.


     


     

     

 

     

SpaceX
Founders- Elon Musk, Tom Mueller
CEO- Elon Musk (May 2002–)
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National Vaccination Day is annually celebrated in India on 16 March to acknowledge and appreciate the hard work of frontline health care workers to ensure the vaccination of every child.

National Vaccination Day is annually celebrated in India on 16 March to acknowledge and appreciate the hard work of frontline health care workers to ensure the vaccination of every child. In 1988, the World Health Organization (WHO) Global Polio Eradication Initiative was begun as the initial step of removing this disease from the planet. In 1995, around the same time, the government of India began the pulse polio Vaccination Program as the first attempt of uprooting this sickness from the country. From that point forward, March 16 has been celebrated as National Vaccination Day. The theme of National Vaccination Day 2024 is 'Vaccines Work For All'.


      The theme of National Vaccination Day 2024 is 'Vaccines Work For All'.


     

     

 

     

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Ordnance Factories Day is annually observed on 18 March.

Ordnance Factories Day is annually observed on 18 March. Indian Ordnance Factories play an important role in safeguarding us and providing strength to the Indian Armed Forces. In 1775, the Board of Ordnance was formed in Fort William, Kolkata. In 1787, a gunpowder factory was formed in Ishapore and a gun carriage factory was formed in Cossipore, Kolkata. After India gained indpeendance in 1947, the Ordnance Factories were placed under the control of the Indin Government. Ordnance Factories Day is celebrated on March 18 to commemorate the day when Ordnance Factory in Cossipore, Kolkata was formed.


      Ordnance Factories, as part of the government, have essential jobs like researching, developing, testing, producing, and promoting weapons for the military.


      The day is observed comemorated the establishment of the first Ordnance factory in Cossipore, Kolkata, way back in 1801 during British rule.

     

 

     

Ordnance Factory Board
Founded- April 1979
HQ- Kolkata, West Bengal
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Global Recycling Day is celebrated every year on 18th March to raise awareness of the importance of recycling and encourage people to take action to reduce waste and protect the environment.

Global Recycling Day is celebrated every year on 18th March to raise awareness of the importance of recycling and encourage people to take action to reduce waste and protect the environment. Global Recycling Day was first established in 2018 by the Global Recycling Foundation, a non-profit organization that aims to promote the importance of recycling and support sustainable development. The day is recognized by the United Nations and is celebrated around the world. The theme of Global Recycling Day 2024 is “RecyclingHeroes”.


      The first Global Recycling Day was celebrated on 18 March 2018.


      The theme of Global Recycling Day 2024 is “RecyclingHeroes”.

     

 

     

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The Ministry of Heavy Industries (MHI) has approved new electric vehicle (EV) policy to promote India as a manufacturing destination for e-vehicles.

The Ministry of Heavy Industries (MHI) has approved a scheme to promote India as a manufacturing destination so that e-vehicles with the latest technology can be manufactured in the country. The policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers. The new policy entails lower import taxes on certain electric vehicles for companies committing to at least $500 million (Rs4,150 crore) in investment and a manufacturing plant within 3 years. It proposes to reduce import duties for interested EV makers to 15% from the current 70% or 100% on vehicles having a CIF (cost, insurance and freight) value of $35,000 and above for a period of five years from the date of issuance of the approval letter by the government. The policy allows all international players, including Chinese manufacturers, to qualify for a duty reduction, provided they establish manufacturing facilities within 3 years and achieve a localisation level of 50% by their fifth year of operations in the country. Under this scheme, EV passenger cars (e-4W) can initially be imported with a minimum CIF value of $35,000 (Rs29 lakh), at a duty rate of 15% for a period of 5 years from the date of issuance of approval letter.


      This proposed duty structure aligns with the demands made by Elon Musk-promoted Tesla in its discussions with the Indian government.


      Currently, fully assembled completely built-up (CBU) vehicles priced at more than $40,000 attract a 100% tax.

      Those priced below $40,000 are subject to a 70% tax.

 

     

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Union Defence Minister Rajnath Singh inaugurated 'Nausena Bhawan', the newly-constructed headquarters of the Indian Navy, located at Delhi Cantonment.

Union Defence Minister Rajnath Singh inaugurated 'Nausena Bhawan', the newly-constructed headquarters of the Indian Navy, located at Delhi Cantonment. This is the Navy's first independent headquarters in Delhi. A consolidated and purpose-built facility such as Nausena Bhawan was necessary as the Navy had operated from 13 different locations. The architectural design of Nausena Bhawan was selected through a countrywide competition to ensure the building's functionality and aesthetic appeal. Comprising three wings across four stories, the building incorporates innovative construction technologies to optimise efficiency and sustainability.


      The building has achieved a Green Rating IV under the Integrated Habitability Assessment (GRIHA IV) for its commitment to sustainable practices.


      Nausena Bhawan is also equipped with extensive IT infrastructure supported by UPS systems, promoting a paperless work environment and meeting the stringent network requirements of the Navy.

     

 

     

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Shri Apurva Chandra, Union Health Secretary launched a National Action Plan for Prevention and Control of Snakebite Envenoming (NAP-SE) in India.

Shri Apurva Chandra, Union Health Secretary launched a National Action Plan for Prevention and Control of Snakebite Envenoming (NAP-SE) in India. With a vision to reduce snakebite deaths by halve by 2030, NAPSE provides a broad framework for states to develop their own action plan for management, prevention and control of snakebites through the ‘One Health’ approach. An array of IEC materials were also launched on the occasion which includes: A booklet on ‘Snakebite - Let’s put an end to snakebite deaths’: this booklet will be used for creating awareness in the general community; Posters on Do’s and Don’ts for general community; and A 7-minute video on Snakebite Awareness for General Community. A Snakebite Helpline no (15400) was launched, a vital resource that provides immediate assistance, guidance, and support to individuals and communities affected by snakebite incidents will be piloted in five States (Puducherry, Madhya Pradesh, Assam, Andhra Pradesh and Delhi).


      A National Rabies Control Programme Website was also launched on the occasion. It is a comprehensive online platform dedicated to providing resources, updates, and insights on Rabies.


      The National One Health Programme for Prevention and Control of Zoonoses was also onboarded on the Integrated Health Initiative Platform.

     

 

     

Ministry of Health and Family Welfare
Union Minister- Mansukh L. Mandaviya
State Minister- S. P. Singh Baghel; Dr. Bharati Pravin Pawar
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Bharat Electronics Limited (BEL) has secured other orders valued at Rs1940.35 crore.

Bharat Electronics Limited (BEL) has secured other orders valued at Rs1940.35 crore. It has entered into a contract valued at Rs847.70 crore plus taxes with Larsen & Toubro Limited (L&T) for the supply of 14 cutting-edge Communication and Electronic Warfare (EW) sensors and systems. These state-of-the-art systems, manufactured domestically by BEL, will be installed on three Cadet Training Ships for the Indian Navy. BEL has now accumulated orders totalling Rs32,716.33 crore in the current financial year.


      Additionally, BEL has secured other orders valued at Rs1,092.65 crore following the last disclosure on 13th February 2024.


      These orders encompass the supply of LRUs for T-70 & T-90 Tanks, Communication Systems for the Indian Navy, as well as other Spares and Services.

      The company had signed a contract for a value of Rs445 crore with the UP Government on 23 Dec 2023 for the next generation UP Dial 112 project.

 

     

Bharat Electronics Limited (BEL)
Founded- 1954; HQ- Bengaluru
Officiating Chairman & Managing Director- Bhanu Prakash Srivastava
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The Department of Pharmaceuticals has notified a new code UCPMP 2024 which prohibits pharma companies.

The Centre has notified UCPMP 2024 code which prohibits pharma companies from offering gifts and travel facilities to healthcare professionals or their family members. The Uniform Code for Pharmaceuticals Marketing Practices (UCPMP) 2024 issued by the Department of Pharmaceuticals also bans supply of free samples to those who are not qualified to prescribe such a product. The guidelines which prohibit pharma companies from offering gifts to healthcare professionals state: “No gift should be offered or provided for personal benefit of any healthcare professional or family member (both immediate and extended) by any pharmaceutical company or its agent. No pecuniary (relating to or consisting of money) advantage or benefit in kind may be offered, supplied, or promised to any person qualified to prescribe or supply drugs, by any pharmaceutical company or its agents. Sample packs should be limited to prescribed dosage for not more than three patients for the required course of treatment and no company should offer more than 12 such sample packs per drug to any healthcare practitioner per year.


      Each sample should be marked “free medical sample not for sale” or bear another legend of analogous meaning.


     

     

 

     

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Sheetal Devi, a distinguished Para-archer, and Arjuna Awardee, was announced as the National Icon in the PwD category.

Sheetal Devi, a distinguished Para-archer, and Arjuna Awardee, was announced as the National Icon in the PwD category. In a first of its kind initiative, the Election Commission of India (ECI) in association with the Board of Control for Cricket in India (BCCI) organised an Exhibition Cricket Match between the Indian Deaf Cricket Association Team and the Delhi & District Cricket Association team. The match was held on March 16, 2024 at Karnail Singh Stadium in New Delhi. The event was graced by Chief Election Commissioner Shri Rajiv Kumar and Election Commissioner’s Shri Gyanesh Kumar and Shri Sukhbir Singh Sandhu who felicitated the winning team.


     


     

     

 

     

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The Union government has approved the transfer of Air India building in Mumbai to the Government of Maharashtra at a consideration of Rs1,601 crore.

The Union government has approved the transfer of Air India building in Mumbai to the Government of Maharashtra at a consideration of Rs1,601 crore. The state government also agreed to waive dues of Rs298.42 crore, which would have been otherwise payable by AI Assets Holding Ltd (AIAHL) to GoM for this transaction. The 23-storey building has 46,470 square meters of space, which was constructed in 1974 on land owned by the Maharashtra government. The new owner is expected to use the building to house its offices.


      AIAHL is the special purpose vehicle (SPV), which was incorporated on 22 January 2018 to own and manage residual non-core assets, including paintings and artefacts, of state-run Air India, which was subsequently sold to the Tata group.


      The government had accepted Tata Sons’ bid for its flagship carrier for Rs18,000 crore in October 2021.

     

 

     

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India and Singapore have signed a MoU, to deepen cooperation on legal and dispute resolution services between the two countries.

Singapore’s Minister for Culture, Community and Youth, and Second Minister for Law Mr Edwin Tong SC and India’s Minister for Law and Justice Mr Arjun Ram Meghwal have signed a MoU, to deepen cooperation on legal and dispute resolution services between the two countries. Under the MoU, the Singapore Ministry of Law and the India Ministry of Law and Justice will work together to promote expertise and information, hold and organise events and courses on international commercial dispute resolution, promotion of alternative dispute resolution mechanisms and other areas of mutual interests.


     


     

     

 

     

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Ministry of Defence signed two contracts for a combined value of Rs8073.17 crore with Hindustan Aeronautics Limited for acquisition of 34 Advanced Light Helicopters Dhruv Mk III.

Ministry of Defence signed two contracts for a combined value of Rs8073.17 crore with Hindustan Aeronautics Limited (HAL) for acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III along with Operational Role Equipment for Indian Army (25 ALHs) and Indian Coast Guard (09 ALHs). The acquisition is under Buy (Indian-IDDM - Indigenously Designed, Developed & Manufactured) category marking a significant move towards indigenisation in defence manufacturing. The ALH Dhruv Mk III UT (Utility), the Indian Army version, is designed for Search & Rescue, Troop Transportation, Internal Cargo, Recce/ Casualty Evacuation etc. The project will generate employment of an estimated 190 Lakh Man-Hours during its duration.


      It will also entail supply of equipment from more than 200 MSMEs and 70 local vendors will be involved in the indigenisation process.


     

     

 

     

Hindustan Aeronautics Limited
Founded- 1940, Bengaluru
Founder- Walchand Hirachand
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Author Rakhi Kapoor wins her second Golden Book Award for her 26th book titled 'Breaking Free Embracing Me – healing from childhood abuse and Toxic Conditioning'.

Author Rakhi Kapoor wins her second Golden Book Award for her 26th book titled 'Breaking Free Embracing Me – healing from childhood abuse and Toxic Conditioning'. After winning multiple awards including the Golden Book Award 2023 for her 25th book 'Now You Breathe – Overcoming Toxic Relationships and abuse' Rakhi Kapoor published yet another impactful book and became the two-time recipient of this prestigious award. Rakhi Kapoor is also a physiotherapist who pioneered the concept of prenatal counselling in India to enhance maternal and fetal health outcomes.


     


     

     

 

     

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On 12th March 2024, Prime Minister Narendra Modi flagged off 10 new Vande Bharat trains during Gujarat visit.

On 12th March 2024, Prime Minister Narendra Modi visited Gujarat and flagged off 10 new Vande Bharat trains, including a train between Ahmedabad and Mumbai Central. In a major boost to the Railway infrastructure, connectivity and the petrochemicals sector, the Prime Minister visited DFC's Operation Control Centre in Ahmedabad to lay the foundation stone and dedicate a slew of railway and Petrochemicals projects worth over Rs1,06,000 crores. Prime Minister dedicate to the nation and lay the foundation stone of various developmental projects worth over Rs85,000 crore at Ahmedabad. Prime Minister visited Sabarmati Ashram where he inaugurated Kochrab Ashram and launch the Master plan of Gandhi Ashram Memorial. PM witnessed ‘Bharat Shakti’ – a synergised demonstration of indigenous defence capabilities in the form of a Tri-Services Live Fire and Manoeuvre Exercise in Pokhran, Rajasthan. He lay the foundation stone of Railway Workshops, Loco Sheds, Pit lines/ Coaching Depots; Phaltan – Baramati New line; Electric Traction System upgradation work and dedicate to the Nation two new sections of Dedicated Freight Corridor between New Khurja to Sahnewal (401 Rkm) section of Eastern DFC and New Makarpura to New Gholvad section (244 Rkm) of Western DFC; Western DFC’s Operation Control Center (OCC), Ahmedabad.


     


     

     

 

     

Gujarat
Capital- Gandhinagar
Governor- Acharya Devvrat; CM- Bhupendra Rajnikant Patel
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Minister of State for Culture and External Affairs, Meenakashi Lekhi unveiled the revamped website of Archaeological Survey of India (ASI) and handed over the MoUs for Monuments Adoption under the Adopt a Heritage 2.0.

Minister of State for Culture and External Affairs, Meenakashi Lekhi unveiled the revamped website of Archaeological Survey of India (ASI) at the National Museum. She also handed over the MoUs for Monuments Adoption under the Adopt a Heritage 2.0 to the representatives of the Corporate-Houses. The MoU aims to make preservation 4000 heritages of ASI an inclusion process based on theme of ‘Sabka Saath, Sabka Vikas, Sabka Pryas’. This comprehensive digital overhaul reflects ASI's commitment to leveraging technology for the benefit of all, ensuring that the nation's cultural treasures are accessible to a broader audience. The signing of MoUs will formalize the commitment of these agencies to take up the responsibility of adopting specific monuments, contributing to their maintenance and better showcasing to public.


      The selection process for Smarak Sarathi/Sathi involved due diligence, discussions with various parties, and assessment of their commitment as well as potential at each monument.


      Selected Smarak Sarathi / Sathi shall be responsible for providing, and maintaining amenities in hygiene, accessibility, safety, and knowledge categories, positioning them as responsible and heritage-friendly entities.

     

 

     

Archaeological Survey of India (ASI)
Founded- 1861
HQ- New Delhi; Director General- Yadubir Singh Rawat
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Ministry of Heavy Industries and IIT Roorkee signed a MoU to work together to encourage innovation and advance the automotive and electric vehicle (EV) sector.

Ministry of Heavy Industries (MHI) and the Indian Institute of Technology, Roorkee (IIT Roorkee) signed a MoU to work together to encourage innovation and advance the automotive and electric vehicle (EV) sector. This MoU was signed in the presence of Dr Mahendra Nath Pandey, Minister of Heavy Industries, Shri Pushkar Singh Dhami, Chief Minister of the State of Uttarakhand (through VC) and senior officials of the Ministry of Heavy Industries and the State of Uttarakhand. With a total grant of ₹19.8745 Cr provided by MHI and an additional ₹4.78 Cr contributed by industry partners, the total project cost is ₹24.6645 Cr.


      The MoU was signed by Prof. K.K Pant on behalf of IIT Roorkee & Shri Vijay Mittal JS MHI on behalf of the Ministry.


      IIT Roorkee is a premier institution and a renowned hub for innovation and excellence.

     

 

     

Ministry of Heavy Industries
Union Minister- Mahendra Nath Pandey
State Minister- Krishan Pal Gujjar
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India world's largest arms importer, despite ongoing efforts to bolster its defense-industrial base between 2019 and 2023.

India world's largest arms importer, despite ongoing efforts to bolster its defense-industrial base between 2019 and 2023. The country accounted for a significant 9.8% of the total global arms imports. Recent data from the Stockholm International Peace Research Institute (SIPRI) reveals a 4.7% increase in India's arms imports between 2014-18 and 2019-23. Although Russia remained India's main arms supplier (accounting for 36% of its arms imports), this was the first five-year period since 1960-64 when deliveries from Russia (or the Soviet Union before 1991) made up less than half of India's arms imports.


      Russia has historically been India's primary weapons supplier, accounting for 36% of its arms imports.


      India's position as the top arms importer is followed by Saudi Arabia, Qatar, Ukraine, Pakistan, Japan, Egypt, Australia, South Korea, and China.

      Among the top arms exporters, the United States leads with a 42% share, followed by France and Russia.

 

     

Stockholm International Peace Research Institute (SIPRI)
Founded- May 1966
HQ- Solna, Sweden
__________________________________________

The protocol for establishment of Joint Economic and Trade Committee (JETCO) between India and Dominican Republic was signed at the Ministry of Foreign Affairs (MIREX) of Dominican Republic at Santo Domingo.

The protocol for establishment of Joint Economic and Trade Committee (JETCO) between India and Dominican Republic was signed at the Ministry of Foreign Affairs (MIREX) of Dominican Republic at Santo Domingo on March 12, 2024. The protocol was signed by Mr Roberto Álvarez, Minister of Foreign Affairs of Dominican Republic and Mr Ramu Abbagani, Ambassador of India to the Dominican Republic on behalf of the Department of Commerce. The agreement, signed in the 25 years of establishment of diplomatic relations between the two countries, is an important step to elevate the existing economic and commercial relations further. The protocol envisages to strengthen and develop cooperation on trade, services, industrial technologies and various other sectors by means of technical assistance, training programmes and capacity building.


      The Union Cabinet had approved the proposal for signing of the said protocol for establishment of JETCO on January 24, 2024.


      India primarily imports gold from the Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three wheelers etc to them.

     

 

     

Dominican Republic (Country in the Caribbean)
Capital- Santo Domingo
Currency- Dominican Peso
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Ministry of Finance and the Asian Development Bank (ADB) signed a $181 million loan to build quality infrastructure and services toward improving urban livability and mobility in the peri-urban areas of Ahmedabad, Gujarat.

Ministry of Finance and the Asian Development Bank (ADB) signed a $181 million loan to build quality infrastructure and services toward improving urban livability and mobility in the peri-urban areas of Ahmedabad, Gujarat. The project aims to make peri-urban areas of Ahmedabad livable, environmentally sustainable, and efficient with robust physical and social infrastructure, a vibrant economy, and a distinct identity as a preferred investment destination. The project will benefit urban poor, women, and migrant workers through improved urban services and urban governance. It will construct 166 km of water distribution network, 126 km of climate-resilient stormwater drainage, 300 km of sewerage systems, and four sewage treatment plants.


      The project is also supporting 10 junction improvements along the existing Sardar Patel Ring Road to improve connectivity of peri-urban areas to Ahmedabad city.


     

     

 

     

Asian Development Bank (ADB)
Founded- December 1966
HQ- Mandaluyong, Philippines
__________________________________________

NPCI International Payments Ltd (NIPL) has partnered with Nepal-based payment network Fonepay Payment Service, for cross-border UPI transactions between India and Nepal.

NPCI International Payments Ltd (NIPL) has partnered with Nepal-based payment network Fonepay Payment Service, for cross-border UPI transactions between India and Nepal. The agreement will facilitate QR-code-based, person-to-merchant (P2M) UPI transactions between the two countries. In the first phase, Indian consumers will be able to make instant, secure and convenient UPI payments across various business stores in Nepal to merchants on the Fonepay Network. This cross-border payment solution will significantly improve economic ties, commerce and tourism between the two nations, eventually promoting economic prosperity and progress.


      Fonepay is a Payment System Operator (PSO) and a subsidiary of the F1Soft Group.


      It facilitates inter-bank person-to-person (P2P) and person-to merchant (P2M) transactions through its interoperable network and mobile platforms.

      Regulated by Nepal Rastra Bank (NRB), FonePay is Nepal’s first mobile payment network to be licensed as a PSO.

 

     

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Global rating agency Fitch Ratings raised India’s growth forecast for the next financial year (FY25) to 7% from 6.5% estimated earlier.

Global rating agency Fitch Ratings raised India’s growth forecast for the next financial year (FY25) to 7% from 6.5% estimated earlier. Fitch projects consumer inflation in the country at 4.0% by the end of the year. Another ratings agency Moody's pegged the economic growth at 6.4% in 2025 while revising its forecast for the current year to 6.8% from 6.1%. The revision by Fitch comes roughly two weeks after official data showed the country's GDP expanded 8.4% in the October-December period, boosted by double-digit expansion in the manufacturing sector. That was much higher than an average estimate of 6.6% by most economists.


     


     

     

 

     

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Retired Indian Administrative Service (IAS) officers Gyanesh Kumar and Dr Sukhbir Singh Sandhu appointed as the new election commissioners in the Election Commission of India.

Retired Indian Administrative Service (IAS) officers Gyanesh Kumar and Dr Sukhbir Singh Sandhu appointed as the new election commissioners in the Election Commission of India. They were appointed election commissioners by the selection panel chaired by Prime Minister Narendra Modi. The two vacancies were created in the Election Commission after the retirement of Anup Chandra Pandey in February and the resignation of Arun Goel recently, days ahead of Lok Sabha polls 2024. Gyanesh Kumar is a 1988-batch IAS officer from the Kerala cadre. Kumar, has worked with Union Home Minister Amit Shah before. He retired as secretary in the Ministry of Cooperation, which comes under Amit Shah, on 31st January 2024. Sukhbir Singh Sandhu is also 1998 batch IAS officer but from Uttarakhand cadre. Sandhu has served as the chief secretary of Uttarakhand when Pushkar Singh Dhami became the Chief Minister in 2021.


     


     

     

 

     

Election Commission of India
Founded- 25 January 1950
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A new colourful flowering plant species, ‘Begonia Narahari’, was discovered in Mishmi Hills of Arunachal Pradesh’s Lohit district by scientists.

A new colourful flowering plant species, ‘Begonia Narahari’, with a distinctive feature of displaying a vivid blue iridescence in direct light, was discovered in Mishmi Hills of Arunachal Pradesh’s Lohit district by scientists. The plant has a distinctive feature of displaying a vivid blue iridescence in direct light. The plant has been named after a scientist from Hyderabad, G. Narahari Sastry, who also happens to be a former CSIR-Director of North East Institute of Science and Technology (NEIST), Jorhat (Assam). The plant, belonging to the genus Begonia, is renowned for its striking appearance and is considered one of the largest and fastest-growing genera of flowering plants.


     


     

     

 

     

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Chhattisgarh Chief Minister Vishnu Deo Sai launched 'Krishak Unnati Yojna' to provide input assistance to farmers and released Rs13,320 crore to 24.72 lakh cultivators.

Chhattisgarh Chief Minister Vishnu Deo Sai launched 'Krishak Unnati Yojna' to provide input assistance to farmers and released Rs13,320 crore to 24.72 lakh cultivators. The scheme was launched at a function at Saryu Prasad Agrawal stadium in Balod district. Input assistance worth Rs13,320 crore was transferred to the bank accounts of 24.75 lakh farmers under the Krishak Unnati Yojana. Of these cultivators, 24.72 lakh sold paddy this year in the kharif marketing season 2023-24 at minimum support price, and they were paid the difference amount of Rs13,289 crore. Similarly, more than Rs31 crore was paid to 2,829 farmers producing paddy seeds through the seed corporation.


      The state government fulfilled its promise to farmers, by disbursing pending paddy bonus of two years (2014-15 and 2015-16) worth Rs3,716 crore to them on Atal Bihari Vajpayee ji's birthday in December 2023.


      Prime Minister Modi had given a guarantee to launch the 'Mahtari Vandan Yojana' for women, and on March 10, he virtually transferred Rs655 crore to the bank accounts of more than 70 lakh (married) women in the state.

      Madhya Pradesh Chief Minister Mohan Yadav, who attended the launch in Rajnandgaon, was also virtually linked to the main programme in Balod.

 

     

Chhattisgarh
Capital- Raipur; Population- 2.94 crores (2020)
Chief Minister- Vishnu Deo Sai; Governor- Biswabhusan Harichandan
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Mumbai wins their 42nd Ranji Trophy title, beating Vidarbha in the final that concluded at the Wankhede Stadium in Mumbai.

Mumbai wins their 42nd Ranji Trophy title, beating Vidarbha in the final that concluded at the Wankhede Stadium in Mumbai. Chasing 538 runs, Vidarbha were bowled out for 368 as Mumbai recorded a 169-run win. Mumbai have thus clinched a record-extending 42nd Ranji Trophy and ended a 6-year wait. Tanush Kotian was the most successful bowler for Mumbai in Vidarbha's second innings, finishing with impressive figures of 4/95. The Mumbai team collected the trophy and a Rs5 crore winning prize, while the Vidarbha team received Rs3 crore prize money.


      The Mumbai cricket team led by Ajinkya Rahane.


      Vidarbha led by Akshay Wadkar.

     

 

     

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Every year, World Consumer Rights Day is observed on 15 March to create more awareness about consumer rights.

Every year, World Consumer Rights Day is observed on 15 March to create more awareness about consumer rights. On March 15, 1962, President John F. Kennedy spoke before the US Congress and addressed consumer rights. This incident marked the first time that a world leader spoke of consumer rights. In 1983, the first World Consumer Rights Day was observed. Since then, the United Nations has recognised the special day. The theme of World Consumer Rights Day 2024 is 'Fair and Responsible AI for Consumers'.


     


     

     

 

     

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An MoU has been signed between India's National Institute of Electronics and Information Technology (NIELIT) and Information Technology Institute (ITI) of Egypt to promote cooperation and collaboration in the IECT domain.

An MoU has been signed between India's National Institute of Electronics and Information Technology (NIELIT) and Information Technology Institute (ITI) of Egypt to promote cooperation and collaboration in the IECT domain. Under the MoU, both the insititues intend to collaborate in multiple areas including curriculam and traing materials development and sharing virtual labs facilities. NIELIT, which is an autonomous scientific society under the Ministry of Electronics and Information Technology, signed the MoU with ITI, affiliated with the Ministry of Communication and Information Technology of the Arab Republic of Egypt, in Cairo.


      The agreement was signed in the presence of Egypt's Minister of Communications and Information Technology (IECT), Dr. Amr Talaat and Indian envoy to Egypt, Ajit Gupte.


     

     

 

     

Egypt
Capital- Cairo
Currency- Egyptian Pound
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L&T Finance Holdings has signed a financing pact with Japan International Cooperation Agency (JICA) worth $125 million to support financing in rural and peri-urban areas in India.

L&T Finance Holdings has signed a financing pact with Japan International Cooperation Agency (JICA) worth $125 million to support financing in rural and peri-urban areas in India. In November 2023, L&T Finance Holdings sourced $125 million loan from Asian Development Bank (ADB), and as part of the co-financing agreement, an additional $125 million loan is now being raised from JICA. At least 40 percent of the proceeds will be allocated for women borrowers, while the rest will be allocated to support farmers, MSMEs, as well as loans to purchase new two-wheeler vehicles including electric two-wheelers.


      Rural India, is home to about 65 percent of the country’s population and widely supports the Indian economy, sustaining about 46 percent of the national GDP.


     

     

 

     

L&T Finance Holdings Ltd
HQ- Mumbai
MD&CEO- Sudipta Roy
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Karnataka Vikas Grameena Bank (KVGB) has launched a new loan scheme called ‘Vikas Spoorty’.

Karnataka Vikas Grameena Bank (KVGB) has launched a new loan scheme called ‘Vikas Spoorty’ to strengthen the rural credit delivery system and also to motivate the common man to take up income-generating activities on a smaller scale. This scheme is a hassle-free loan without collateral security and surety aimed at meeting the genuine credit needs of small entrepreneurs. It links repayment of the loan to the small amounts contributed by them on a daily basis to their ‘Daily Deposit’ scheme of the bank (pigmy account) at their doorsteps. Under this scheme, people may avail a minimum loan of ₹50,000 and a maximum of ₹2,00,000. But the customer shall open a ‘Daily Deposit’ (pigmy) account and contribute regularly to it to service the repayment of instalment and interest for the loan.


     


     

     

 

     

Karnataka Vikas Grameena Bank
HQ- Dharwad
Chairman- Shreekant M Bhandiwad
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Federal Bank and South Indian Bank have stopped issuing co-branded credit cards following regulatory changes in credit card rules.

Federal Bank and South Indian Bank have stopped issuing co-branded credit cards following regulatory changes in credit card rules. The Reserve Bank of India has made amendments in master direction for credit and debit card issuance and conduct rules. Federal Bank has three co-branded credit cards with partnerships with OneCard Scapia Technology Pvt Ltd and FI Brand Pvt Ltd. Pursuant to a letter from Reserve Bank of India, dated 12 March 2024, RBI have stopped issuance of new co-branded credit cards.


      Both Federal Bank and South Indian Bank said they would continue to service the existing customers who currently hold co-branded credit cards issued by them.


     

     

 

     

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National Payments Corporation of India (NPCI) has signed of a multi-year MoU with the Indian Institute of Science (IISc), Bangalore, for conducting joint research on Blockchain and Artificial Intelligence (AI) technology.

National Payments Corporation of India (NPCI) has signed of a multi-year MoU with the Indian Institute of Science (IISc), Bangalore, for conducting joint research on Blockchain and Artificial Intelligence (AI) technology. The association will also propel further innovation through the establishment of the “NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development”. The partnership will focus on scalable blockchain platforms and multi-modal analytics over fintech data. Faculty members from five departments at IISc will work with NPCI researchers on practical challenges related to these areas. IISc is one of the oldest and premier institutes for pioneering advanced technological research in science, engineering, design and management in India.


      National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India.


     

     

 

     

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Krystyna Pyszkova from the Czech Republic won the Miss World 2024 title at 71st Miss World pageant, held at the Jio World Convention Centre in Mumbai.

Krystyna Pyszkova from the Czech Republic won the Miss World 2024 title at 71st Miss World pageant, held at the Jio World Convention Centre in Mumbai. The reigning Miss World, Karolina Bielawska from Poland, crowned her successor at the star-studded event. Krystyna received the Best Fashion Designer Award - Europe. She beat contestants including India's Sini Shetty, Trinidad and Tobago's Aché Abrahams, and Botswana's Lesego Chombo. The first runner-up was Yasmina Zaytoun from Lebanon. Pyszkova, fluent in English, Polish, Slovak, and German, is the second Miss World from the Czech Republic.


      The 71st Miss World pageant, held at the Jio World Convention Centre in Mumbai, saw participation from 112 countries.


      The event was hosted by Karan Johar and Megan Young, with performances by Shaan, Neha Kakkar, and Tony Kakkar.

     

 

     

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International Day to Combat Islamophobia is annually observed across the globe on 15 March.

International Day to Combat Islamophobia is annually observed across the globe on 15 March. This global observance aims to address the pervasive fear, prejudice, and hostility faced by Muslims worldwide. The resolution was introduced by Pakistan on behalf of the Organization of Islamic Cooperation (OIC). The resolution, adopted by consensus by the 193-member world body and co-sponsored by 55 mainly Muslim countries, emphasizes the right to freedom of religion and belief. Muslims in India endure systemic discrimination in education, employment, and political representation, exacerbating social disparities.


      In the year 2022, the United Nations declared March 15 as the International Day to Combat Islamophobia.


      The first International Day to Combat Islamophobia was observed in the year 2023.

     

 

     

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The Union Cabinet approved the signing of MoU between India and Bhutan on extending co­operation in the field of Energy Efficiency and Energy Conservation Measures.

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the signing of Memorandum of Understanding (MoU) between India and Bhutan on extending co­operation in the field of Energy Efficiency and Energy Conservation Measures. The MoU was signed between Bureau of Energy Efficiency, Ministry of Power, Government of India and Department of Energy, Ministry of Energy and Natural Resources, Royal Government of Bhutan. As part of this MoU, India aims to assist Bhutan to enhance energy efficiency in the household sector by promoting star labeling programme developed by Bureau of Energy Efficiency.


      The formulation of building codes, to suite the climate condition of Bhutan, will be facilitated based with India’s experience.


      The MoU has been prepared by Ministry of Power in consultation with Ministry of External Affairs (MEA) and Department for Promotion of industry and internal Trade (DPIIT).

     

 

     

Bhutan
Capital- Thimphu
Currencies- Bhutanese Ngultrum, Indian Rupee
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The Union Cabinet gave its Ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) that was signed on 13th February, 2024 during the High Level visit between the Government of Republic of India and the Government of the United Arab Emirates.

The Union Cabinet gave its Ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) that was signed on 13th February, 2024 during the High Level visit between the Government of Republic of India and the Government of the United Arab Emirates. The aim of the IGFA is to enhance the bilateral relations and to further strengthen the relations between the two countries in the Ports, Maritime and Logistics sectors. The IGFA includes areas of cooperation between the two countries with the objective of exploring further potential of future joint investment and collaboration in respect of development of the IMEC.


      The cooperation will be based on a set of mutually agreed upon principles, guidelines and agreements consistent with the relevant rules and regulations of the countries’ jurisdiction.


     

     

 

     

UAE
Capital- Abu Dhabi
Currency- United Arab Emirates Dirham
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Prime Minister Narendra Modi launched the ‘Pradhan Mantri Samajik Utthan and Rozgar Adharit Jankalyan’ (PM-SURAJ) national portal and sanctioned credit support to one lakh entrepreneurs of disadvantaged sections.

Prime Minister Narendra Modi launched the ‘Pradhan Mantri Samajik Utthan and Rozgar Adharit Jankalyan’ (PM-SURAJ) national portal and sanctioned credit support to one lakh entrepreneurs of disadvantaged sections. Interacting with beneficiaries of various government schemes, including Scheduled Caste, Backward Classes, and sanitation workers, PM Modi emphasized the government’s commitment to prioritise the underprivileged. The portal was launched during an event organized by the Ministry of Social Justice and Empowerment. The event also saw active participation, with over 3 lakh individuals attending offline, and an additional 3 lakh viewers tuning in online. The portal aims to provide credit support to eligible individuals across the country, including Scheduled Castes and Backward Classes, and sanitation workers.


      PM also distributed Ayushman Health Cards and PPE kits to Safai Mitras under the National Action for Mechanised Sanitation Ecosystem (NAMASTE).


     

     

 

     

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The Universal Service Obligation Fund (USOF) has signed a tripartite MoU with Prasar Bharati and the Open Network for Digital Commerce (ONDC) to extend affordable and accessible digital services across India.

The Universal Service Obligation Fund (USOF) has signed a tripartite MoU with Prasar Bharati and the Open Network for Digital Commerce (ONDC) to extend affordable and accessible digital services across India. The service will be powered by Prasar Bharati's OTT platform and include linear channels, live TV and on-demand content. The USOF aims to provide high-speed broadband and mobile connections across remote and rural areas.


      The USOF has been instrumental in enabling high-speed broadband and mobile connections across Gram Panchayats (GPs) and villages in the country.


      The new initiative will enable the people of rural and remote areas to participate in the digital economy.

     

 

     

Prasar Bharati
Founded- 1997; HQ- New Delhi
CEO- Gaurav Dwivedi
__________________________________________

Union Minister of Science & Technology, Dr Jitendra Singh inaugurated the first-of- its-kind "National Speed Breeding Crop Facility" at the premier National Agri-Food Biotechnology Institute (NABI) in Mohali, Punjab.

Union Minister of Science & Technology, Dr Jitendra Singh inaugurated the first-of- its-kind "National Speed Breeding Crop Facility" at the premier National Agri-Food Biotechnology Institute (NABI) in Mohali, Punjab. This initiative is in line with Prime Minister Narendra Modi’s priority of doubling the farmer`s Income, ensuring their economic empowerment and promoting Agri-StartUps”. Biotechnology speedy seeds facility will cater to all the States of India but it will especially be useful for the North Indian States like Punjab, Himachal Pradesh, Haryana and the UT of J&K. This facility will augment transformational changes in crop improvement programmes by accelerating the development of advanced crop varieties that could sustain climate change and contribute to the food and nutritional demand of the population with implementation of speed breeding cropping methods.


      India's bio-economy has grown 13 folds in the last 10 years from $10 billion in 2014 to over $130 billion in 2024.


      In the 3rd consecutive term of Prime Minister Narendra Modi, India has been projected to emerge as the 3rd largest economy of the world and rise to be the largest in coming years.

     

 

     

Punjab
Capital- Chandigarh
Chief minister- Bhagwant Mann; Governor- Banwarilal Purohit
__________________________________________

The Government of India has announced its decision to celebrate September 17, the day on which the princely State of Hyderabad merged into the Indian Union in 1948, as ‘Hyderabad Liberation Day’.

The Government of India has announced its decision to celebrate September 17, the day on which the princely State of Hyderabad merged into the Indian Union in 1948, as ‘Hyderabad Liberation Day’. Hyderabad did not get independence for 13 months after India's independence on August 15, 1947 and was under the rule of the Nizams. The region was liberated from Nizam's rule on September 17, 1948 after police action namely 'Operation Polo'. "Whereas, there has been a demand from the people of the region that 17th September may be celebrated as Hyderabad Liberation Day. When India gained independence, the Razakars called for Hyderabad state to either join Pakistan or to become a Muslim dominion while resisting its merger with the Union of India.


     


     

     

 

     

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World Sleep Day 2024 was observed on Friday, 15 March.

World Sleep Day is observed annually on the Friday before the March Equinox. World Sleep Day is celebrated each year to raise awareness of critical sleep-related issues in medicine, education, social work and driving, as well as to celebrate good sleep. It is organised by the World Sleep Society's World Sleep Day Committee. World Sleep Day 2024 was observed on Friday, 15 March. The theme for World Sleep Day 2024 is 'Sleep Equity for Global Health'. The first co-chairs of World Sleep Day were Antonio Culebras, MD, a professor of neurology at Upstate Medical University, and Liborio Parrino, MD, an associate professor of neurology at the University of Parma in Italy.


     


     

     

 

     

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The Rural Development Ministry has signed an MoU with IIT-Delhi for leveraging the use of geospatial technology and artificial intelligence to monitor assets under the MGNREGA.

The Rural Development Ministry has signed an MoU with IIT-Delhi for leveraging the use of geospatial technology and artificial intelligence to monitor assets under the MGNREGA. The MoU was signed by Amit Kataria, Joint Secretary, Ministry of Rural Development (MoRD) and Manabendra Saharia of IIT Delhi. This MoU centres around the project 'BhuPRAHARI', an initiative aimed at leveraging ground and space-based geospatial technologies along with artificial intelligence to monitor and manage assets under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).


      The project will be executed by the HydroSense lab led by Saharia.


     

     

 

     

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The central government has approved the ‘TG’ prefix, replacing ‘TS’ for vehicle registration number plates in Telangana.

The central government has approved the ‘TG’ prefix, replacing ‘TS’ for vehicle registration number plates in Telangana. The Ministry of Road Transport and Highways issued a gazette notification effective immediately, that is, March 12, 2024. This change aims to enhance regulatory clarity and effectiveness. The change will be applied to new vehicles and the vehicles with TS number plates will continue. The new vehicles coming on the roads will be sporting registered number plates with the ‘TG’ prefix in the state.


     


     

     

 

     

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Union Minister for Civil Aviation and Steel, Jyotiraditya M. Scindia inaugurated Fly91, a regional airline and flagged off its maidan flight between Manohar International Airport (MOPA), Goa and Agatti Islands, Lakshadweep.

Union Minister for Civil Aviation and Steel, Jyotiraditya M. Scindia inaugurated Fly91, a regional airline and flagged off its maidan flight between Manohar International Airport (MOPA), Goa and Agatti Islands, Lakshadweep. The Schedule flights will commence effective from 18 March 2024, between Manohar International Airport, Goa and Bengaluru, Hyderabad, Jalgaon, Agatti, Pune, Nanded and from Bengaluru, Hyderabad, and Pune to Sindhudurg, Jalgaon, Nanded and Goa, in a phased manner. These new connections will fulfil the demand for enhanced connectivity across the nation and increase accessibility of different regions. The event was attended by Fly91 Chairman Shri Harsha Raghavan, Shri Asangba Chuba Ao, Jt Secretary MoCA and other officials from AAI and the Ministry of Civil Aviation.


      Shri Scindia reiterated the government’s commitment to connect tier 2 and tier 3 cities through the UDAN scheme and said that the aviation industry is expecting to raise its domestic traffic to 30 crores by 2030 which was just 6 crores in 2014.


     

     

 

     

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Prime Minister Narendra Modi unveiled development projects worth ₹17,500 crore in Assam on 9th March 2024 during his Assam visit.

Prime Minister Narendra Modi unveiled development projects worth ₹17,500 crore in Assam on 9th March 2024 during his Assam visit. The PM unveiled the projects strengthening the health, oil and gas, railway and housing sectors at a function in Jorhat. He laid the foundation stone of projects under the Prime Minister's Development Initiative for North Eastern Region (PM-DevINE) scheme. Among these projects are a Medical College and Hospital at Sivasagar and a Hemato-Lymphoid Centre in Guwahati. He also laid the foundation stone for the capacity expansions of the Digboi Refinery from 0.65 to 1 mmtpa and Guwahati Refinery from 1.0 to 1.2 mmtpa, among others. PM Modi inaugurated a new medical college and hospital at Tinsukia and the 718-km-long Barauni- Guwahati Pipeline, built at a cost of about ₹3,992 crore.


      He also inaugurated about 5.5 lakh homes under PM Awas Yojana-Gramin, constructed at a cost of about ₹8,450 crore.


      The PM also inaugurated railway projects worth more than ₹1,300 crore in the state.

     

 

     

Assam
Capital- Dispur
High Court- Gauhati High Court
__________________________________________

India rejected China's diplomatic protest over Prime Minister Narendra Modi’s visit to Arunachal Pradesh.

India rejected China's diplomatic protest over Prime Minister Narendra Modi’s visit to Arunachal Pradesh and said objecting to such visits or developmental projects does not stand to reason. India has repeatedly rejected China’s territorial claims over Arunachal Pradesh, asserting that the state is an integral part of the country. Prime Minister Narendra Modi inaugurated a number of development projects in Arunachal Pradesh, including the Sela Tunnel, an all-weather strategic link for Tawang and Kameng districts near the Line of Actual Control (LAC). PM visited Itanagar – the capital of Arunachal Pradesh. He remotely dedicated to the nation the Sela Tunnel built at an altitude of 13,000 feet in Arunachal Pradesh. The Rs825 crore tunnel constructed on the road connecting Tezpur in Assam with the West Kameng district of Arunachal Pradesh will provide all-weather connectivity to Tawang, which is at the core of the India-China boundary dispute in the eastern sector.


      China, which claims Arunachal Pradesh as South Tibet, routinely objects to Indian leaders' visits to the state to highlight its claims. Beijing has also named the area as Zangnan.


     

     

 

     

Arunachal Pradesh
Capital- Itanagar
CM- Pema Khandu; Governor- Lieutenant General Kaiwalya Trivikram Parnaik
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During the West Bengal visit, the Prime Minister Narendra Modi unveiled infrastructure projects worth more than Rs4,500 crore in Siliguri, the largest city in the region, and then address a BJP rally.

Prime Minister Narendra Modi was visit northern West Bengal, which his third trip to the state this month. During the visit, the PM unveiled infrastructure projects worth more than Rs4,500 crore in Siliguri, the largest city in the region, and then address a BJP rally. The PM inaugurate multiple projects of railway line electrification that will benefit the people of northern West Bengal and nearby areas. These railway lines are the Eklakhi-Balurghat section, Barsoi-Radhikapur section, Raninagar Jalpaiguri-Haldibari section, Siliguri-Aluabari section via Bagdogra, and the Siliguri–Sivok–Alipurduar Junction–Samuktala section. The PM also inaugurate two national highway projects worth Rs3,100 crore in West Bengal. On March 1, the PM unveiled projects worth Rs7,200 crore in Arambagh in Hooghly district, and on March 2, he unveiled projects worth Rs15,000 crore in Krishnanagar in Nadia. On March 6, he inaugurated multiple metro railway projects in Kolkata.


      In the 2019 Lok Sabha polls, the BJP had swept northern West Bengal.


     

     

 

     

West Bengal
Capital- Kolkata
Chief minister- Mamata Banerjee
__________________________________________

The ministry of women and child development launched a National Curriculum for Early Childhood Care and Education (ECCE) for children from 3 to 6 years as well as a National Framework for early childhood stimulation for children from birth to 3 years.

The ministry of women and child development launched a National Curriculum for Early Childhood Care and Education (ECCE) for children from 3 to 6 years as well as a National Framework for early childhood stimulation for children from birth to 3 years. The activities and modules of the Curriculum and the Framework will be imparted to children across all the anganwadi centres in the country, which number more than 13 lakh. National Institute of Public Cooperation and Child Development (NIPCCD) will lead the training of both the Anganwadi functionaries on the new Curriculum and Framework. For children from age 3 to 6, the National Curriculum for ECCE 2024 will cover all areas of development as per the National Curriculum Framework for Foundational Stage 2022 (NCF-FS). The curriculum will be structured to provide a weekly calendar spanning 36 weeks of active learning, 8 weeks of reinforcement and 4 weeks of initiation, together with 5+1 days of play-based learning in one week, and three blocks of activities in one day.


      NIPCCD will design the material with the help of an internal committee and development partners; feedback from Anganwadi Workers will be incorporated.


     

     

 

     

Ministry of Women and Child Development
Union Minister- Smriti Zubin Irani
State Minister- Dr. Munjpara Mahendrabhai Kalubhai
__________________________________________

The Securities and Exchange Board of India (SEBI) expanded its framework for qualified stock brokers (QSBs)!

The Securities and Exchange Board of India (SEBI) expanded its framework for qualified stock brokers (QSBs), setting out three additional parameters for their identification that includes brokers’ compliance score, proprietary trading volumes and grievance redressal mechanism. Brokers can now voluntarily opt to become QSBs. SEBI had previously outlined four parameters to designate a stockbroker as a QSB in a circular dated February 6, 2023. These parameters included the total number of active clients, total assets of clients, trading volumes, and end-of-day margin obligations. The initial list of QSBs was issued on March 3, 2023, based on these criteria. The revised framework for designating a stockbroker as a QSB includes the following parameters: Total number of active clients. Available total assets of clients. Trading volumes (excluding proprietary trading).


      The revised list of QSBs will be released jointly by stock exchanges in consultation with SEBI.


     

     

 

     

Securities and Exchange Board of India (SEBI)
HQ- Mumbai; Establishment- 12 April 1992
Chairperson- Madhabi Puri Buch
__________________________________________

The State Bank of India has partnered with Paytm parent organisation One97 Communications to settle Unified Payments Interface (UPI) transactions upon acquiring the third-party app provider (TPAP) license.

The State Bank of India has partnered with Paytm parent organisation One97 Communications to settle Unified Payments Interface (UPI) transactions upon acquiring the third-party app provider (TPAP) license. One97 Communications collaborate with major banks like State Bank of India (SBI), HDFC Bank, Axis Bank, and YES Bank. The transition is expected to be seamless and gradual, with the "@paytm" handle being retained. However, instead of linking to Paytm Payments Bank (PPBL), these handles will redirect to one of the four banks for settlement.


      National Payments Corporation of India (NPCI) is likely to approve Paytm's TPAP license by March 15.


     

     

 

     

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Oppenheimer won a leading 7 awards in 96th Academy Awards (Oscars 2024).

The 96th Academy Awards ceremony, which was presented by the Academy of Motion Picture Arts and Sciences (AMPAS), took place on 10 March 2024, at the Dolby Theatre in Hollywood, Los Angeles. The nominations were announced on January 23, 2024. Oppenheimer led with 13 nominations, followed by Poor Things and Killers of the Flower Moon with 11 and 10, respectively. Oppenheimer won a leading seven awards, including Best Picture and Best Director. Other major winners were Poor Things with four awards and The Zone of Interest with two. The cultural phenomenon of "Barbenheimer" received a total of 21 nominations (8 for Barbie and 13 for Oppenheimer). The two films competed against each other in 6 categories, including Best Picture. Godzilla Minus One became the first ever Godzilla film to be nominated for an Academy Award.


      10 actors received their first Oscar nominations this year.


      This was the 5th consecutive year with at least one Best Picture nominee directed by a woman: Greta Gerwig with Barbie, Celine Song with Past Lives, and Justine Triet with Anatomy of a Fall.

      The Zone of Interest is the first non-English language British film to win for International Feature and Sound.

 

     

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Indian athlete Devendra Jhajharia was elected as the new president of the Paralympic Committee of India (PCI).

Indian athlete Devendra Jhajharia was elected as the new president of the Paralympic Committee of India (PCI). Jhajharia, javelin thrower, who has secured three medals at the Paralympics, including two golds and a silver, was elected to the top post of the organisation and has taken over the post from Deepa Malik, a Paralympics silver medalist athlete. He had won a gold medal each in the 2004 Athens and 2016 Rio Paralympics in the F46 disability category, was the only candidate in the fray for the top post. Jayawant Hammanawar, an international coach and referee from Goa, was elected unopposed as the secretary general. R. Chandrashekhar and Satya Prakash Sangwan will be the two vice-presidents, while Sunil Pradhan was the lone candidate for the treasurer’s post. Lalit Thakur and T. Diwakara are the two joint-secretaries.


      The Sports Ministry had in February 2024 suspended the government recognition of PCI "due to delay in holding the election after the expiry of the term of the executive committee of PCI" and non-compliance with its guidelines.


     

     

 

     

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The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC.

The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC. ABCL is a listed systemically important non-deposit taking core investment company (NBFC-CIC), ABFL is a non-deposit taking systematically important NBFC (NBFC-ICC). The company's proposed amalgamation, which subject to regulatory and other approvals as required, has quite a few benefits including the one that the merger will result in reduction of legal entities and simplification of the group structure of Aditya Birla Capital. This will enhance value for various stakeholders of the Company.


      The proposed amalgamation will result in compliance with the Scale based Regulations of RBI which require mandatory listing of Aditya Birla Finance by September 30, 2025.


      Furthermore, it reported consolidated revenue of Rs26,791 crore and a profit after tax of Rs2,090 crores for 9M FY 2024.

     

 

     

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International Day of Action for Rivers is annually observed on 14 March to spread awareness about the importance of rivers and climate change.

International Day of Action for Rivers is annually observed on 14 March to spread awareness about the importance of rivers and climate change. The theme of International Day of Action for Rivers 2024 is 'Water for All'. The participants of the First International Meeting of People Affected by Dams held in March 1997 in Curitiba Brazil adopted the International Day of Action Against Dams and For Rivers, Water, and Life. 20 countries' representatives had decided that the International Day of Action would take place on 14 March Brazil's Day of Action Against Large Dams.


      This year 2024, the 27th anniversary of the International Day of Action for Rivers will be observed.


      The day was earlier known as International Day against Dams, for Rivers, Water, and Life.

     

 

     

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Telangana Chief Minister Anumula Revanth Reddy launched the Indiramma Housing Scheme.

Telangana Chief Minister Anumula Revanth Reddy launched the Indiramma Housing Scheme at Agriculture Market Committee Ground, Bhadrachalam. The primary aim behind this initiative is to realize the dream of home ownership for all those belonging to the economically weaker sections. As part of the scheme, the government will allot house titles in the names of women. Already, the government has approved 4,50,000 Indiramma houses, amounting to a total cost of Rs22,500 crore. Under the Indiramma housing scheme, the government will offer Rs5 lakh financial aid to construct houses on their own plots, benefiting all deserving individuals from the economically weaker sections.


      The government is also providing Cooking Gas cylinders at Rs500, free bus travel for women in RTC buses, and 200 units of free power to the beneficiaries.


     

     

 

     

Telangana
Capital- Hyderabad
Governor- Tamilisai Soundararajan
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Maharashtra Cabinet decided to rename 8 Mumbai railway stations.

Maharashtra Cabinet decided to rename 8 Mumbai railway stations that bear names dating back to the British colonial era. Following the approval, Curry Road will be renamed to Lalbaug, Sandhurst Road will now be known as Dongri, and Marine Lines will be rechristened as Mumbadevi. Cotton Green will be renamed to Kalachowki, Charni Road to Girgaon, Dockyard Road to Mazgaon, and King Circle to Tirthakar Parshivnath. The cabinet has also decided to rename Ahmednagar district as Ahilya Nagar.


      The cabinet has also decided to rename Mumbai Central Station as Nana Jagannath Shankarsheth Station for which a proposal has been sent to the Railways Ministry.


      The Maharashtra Cabinet has also approved the purchase of 2.5 acres of land in Srinagar, Jammu and Kashmir, to construct a Maharashtra Bhavan there.

      Also, the cabinet has approved the construction of a sea link between Uttan (Bhayander) and Virar (Palghar).

 

     

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Information and Broadcasting Minister Anurag Singh Thakur has released a book titled 'Israel War Diary' written by Vishal Pandey at a function in New Delhi.

Information and Broadcasting Minister Anurag Singh Thakur has released a book titled 'Israel War Diary' written by Vishal Pandey at a function in New Delhi. This book will give insight to the people about India’s stance on the Israel-Hamas war. It will provide a detailed overview of the war between Israel and Hamas. The book is published by Prabhat Prakashan Pvt Ltd. The book is available in Hindi Language.


     


     

     

 

     

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World Kidney Day 2024 was observed on 14th March.

World Kidney Day is annually observed on the second Thursday of March, to create awareness about the importance of healthy kidneys and how one can maintain kidney health and prevent kidney-related diseases. This year 2024 it falls on March 14. World Kidney Day was celebrated in 2006 for the first time. It was a joint initiative of the International Society of Nephrology and the International Federation of Kidney Foundations. The theme for the World Kidney Day 2024 campaign is 'Kidney Health for All – Advancing Equitable Access to Care and Optimal Medication Practice'.


      According to statistics on Worldkidneyday.org, chronic kidney disease affects a staggering 850 million people globally.


     

     

 

     

International Society of Nephrology
Founded- 1960
President- Masaomi Nangaku
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International Day of Mathematics (IDM) is annually celebrated on 14th March to spread awareness about its role in solving real-world problems.

International Day of Mathematics (IDM) is annually celebrated on 14th March to spread awareness about its role in solving real-world problems. The United Nations Educational, Scientific and Cultural Organization (UNESCO) declared the International Day of Mathematics at the 40th General Conference on November 19, 2019. International Day of Mathematics coincides with International Pi Day. Pi is one of the most widely known mathematical constants and it is rounded to 3.14, which is why it is observed on March 14. The theme for International Day of Mathematics 2024 is 'Playing With Math'.


     


     

     

 

     

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Red Bull's Max Verstappen won the Saudi Arabian Grand Prix 2024.

Red Bull's Max Verstappen won the Saudi Arabian Grand Prix 2024. Mexican Sergio Perez was runner-up. It was the first time Verstappen, winner of a record 19 of 22 races last year, has won the first two races of a season. Charles Leclerc finished third for Ferrari, taking a bonus point for the fastest lap and earning his first podium of the season. The victory was a ninth in a row for Verstappen, and the 56th of the Dutch driver’s career. It was also his 100th career podium while Red Bull’s 115th win lifted them ahead of Williams in fourth place on the all-time list. Oscar Piastri finished fourth.


      The 2024 Saudi Arabian Grand Prix was a Formula One motor race held on 9 March 2024 at the Jeddah Corniche Circuit in Jeddah, Saudi Arabia.


     

     

 

     

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World Rotaract Day is annually observed across the globe on 13 March.

World Rotaract Day is annually observed across the globe on 13 March to recognise and acknowledge the services provided by the Rotaractors, and members of Rotaract clubs across the world. It celebrates the establishment of the first roatry organisation on in 1968 at North Carolina, USA. The day is celebrated together with a week-long program of World Rotaract Week. The Rotary Club of Calcutta became the first Rotary club chartered in India on 1 January 1920. The Day also offers an opportunity to raise awareness about the work that Rotaract clubs are doing around the world.


      World Rotaract week 2024 is being observed from 11 to 17 March.


     

     

 

     

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The Karnataka government signed a Letter of Intent with the World Economic Forum (WEF) to set up a Centre for Artificial Intelligence in the state.

The Karnataka government signed a Letter of Intent with the World Economic Forum (WEF) to set up a Centre for Artificial Intelligence in the state. This will be the WEF's only centre dedicated to AI in India. The Karnataka centre will be part of the WEF Centre for the Fourth Industrial Revolution (C4IR) Network, a global platform focused on inclusive technology governance and responsible digital transformation.


      Bengaluru has been recognised as one of the top five cities globally for Artificial Intelligence (AI).


     

     

 

     

Karnataka
Capital- Bengaluru
Chief minister- Siddaramaiah
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Nayab Singh Saini was sworn in as Haryana 11th chief minister replacing Manohar Lal Khattar.

Nayab Singh Saini was sworn in as Haryana 11th chief minister replacing Manohar Lal Khattar. Saini, an OBC, hails from 'Mali' community which has presence across the state. BJP's Haryana unit chief, Saini is an MLA from Kurukshetra. He hails from Naraingarh and is the first one to become CM from Ambala district bordering Punjab and northern part of the state. Saini took oath as the CM along with four MLAs - Kanwar Pal Gujjar, Jai Parkash Dalal, Moolchand Sharma, and Banwari Lal who took oath as ministers. All four were ministers in the Khattar government also.


     


     

     

 

     

Haryana
Capital- Chandigarh
Governor- Bandaru Dattatreya
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The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers is announce the Revamped Pharmaceuticals Technology Upgradation Assistance (RPTUAS) Scheme.

The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers is announce the Revamped Pharmaceuticals Technology Upgradation Assistance (RPTUAS) Scheme. It is a significant step in government’s efforts to help upgrade the technological capabilities of pharmaceutical industry and ensure its alignment with the global standards. The approval of the revised Scheme follows a comprehensive review by the Scheme Steering Committee in light of the requirements of the revised Schedule-M of the Drugs and Cosmetics Rule, 1945 as issued by the Department of Health & Family Welfare on 28/12/2023. The revised guideline aims to support the pharmaceutical industry's up-gradation to the Revised Schedule-M & WHO-GMP standards, enhancing the quality and safety of pharmaceutical products manufactured in country. The scheme will cover pharmaceutical units with turnover of less than Rs500 crore for the last three years. These units will be eligible for incentive, subject to a maximum of Rs1 crore.


      (i) Turnover less than ₹50.00 crore: 20% of investment under eligible activities


      (ii) Turnover from ₹50.00 crore to less than ₹250.00 crore: 15% of investment under eligible activities

      (iii) Turnover from ₹250.00 crore to less than ₹500.00 crore: 10% of investment under eligible activities.

 

     

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Easy Trip Planner Ltd signed a Memorandum of Understanding with the Ministry of Rural Development to train members of Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM)‘s Women’s Self Help Groups (SHGs) under the Lakhpati Didi Yojana.

Easy Trip Planner Ltd signed a Memorandum of Understanding with the Ministry of Rural Development to train members of Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM)‘s Women’s Self Help Groups (SHGs) under the Lakhpati Didi Yojana. The initiative aims to focus on women-led skill development, fostering entrepreneurial skills and financial independence among rural women. Through the MoU, EaseMyTrip will train members of SHGs in 800 districts across India. The eligibility criteria for selection includes basic knowledge of reading & writing English/Hindi and familiarity with using a Computer & browsing the internet. The training will cover making travel reservations across all essential segments, including trains, buses, hotels and flights.


      EaseMyTrip will conduct a pilot project across 10 Blocks in Districts identified by the MoRD, including Patna, Begusarai, Vadodara, Rajkot, Surat, Bhopal, Ujjain, Ayodhya and Varanasi.


     

     

 

     

Ministry of Rural Development
Union Minister- Giriraj Singh
Minister of State- Faggan Singh Kulaste, Niranjan Jyoti
__________________________________________

Dr. Mansukh Mandaviya, Union Minister for Chemicals & Fertilizers and Health & Family Welfare launched a credit assistance program for Jan Aushadhi Kendras.

Dr. Mansukh Mandaviya, Union Minister for Chemicals & Fertilizers and Health & Family Welfare launched a credit assistance program for Jan Aushadhi Kendras. He presided over the exchange of an MoU between Small Industries Development Bank of India (SIDBI) and Pharmaceuticals and Medical Devices Bureau of India (PMBI). He also launched a website for credit assistance to Jan Aushadhi Kendras: https://jak-prayaasloans.sidbi.in/home. The Union Minister also felicitated the individuals involved in making this credit assistance program successful as well as some of the beneficiaries of this initiative. The credit guarantee on such loans whether working capital or term loan is being provided by Credit Guarantee Fund Trust For Micro And Small Enterprises (CGTMSE).


      From only 80 Jan Aushadhi Kendras in 2014, there are around 11,000 units operating across the country.


      It is estimated that around 10 to 12 lakh people visit these Jan Aushadhi Kendras every day, providing them with significant savings and access to requisite medicines.

      The government has set a target to have 25,000 Janaushadhi Kendras across the country by March 31, 2026.

 

     

Small Industries Development Bank of India (SIDBI)
HQ- Lucknow
Establishment- 2nd April 1990
__________________________________________

The Ministry of Defence has signed a ₹200 crore contract for anti-drone systems for the Indian Army and Indian Air Force (IAF) with Big Bang Boom Solutions Private Limited (BBBS).

The Ministry of Defence has signed a ₹200 crore contract for anti-drone systems for the Indian Army and Indian Air Force (IAF) with Big Bang Boom Solutions Private Limited (BBBS). This is the largest contract signed by the MoD under the Innovations for Defence Excellence (iDEX) initiative. The focus of the iDEX programme is to foster an ecosystem of innovation and technology development in defense. BBBS’s Vajra Sentinel System is a state-of-the-art solution designed to detect, track, and neutralize drones at extraordinary ranges. The system’s core sensor built around artificial intelligence (AI) and computer vision algorithms enables precise identification, classification and location identification of drones. BBBS will commence execution of the order immediately, with a focus on timely delivery, comprehensive training, and unwavering support to the Indian Air Force and Indian Army to ensure seamless integration of this vital technology into their defense strategies.


     


     

     

 

     

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Panama has become the 97th member of the International Solar Alliance (ISA).

Panama has become the 97th member of the International Solar Alliance (ISA). The information was divulged by Randhir Jaiswal, spokesperson of the Ministry of External Affairs. Panama's commitment to sustainable energy was underscored as Ambassador Yasiel Burillo presented the Instrument of Ratification to Joint Secretary (Economic Diplomacy) Abhishekifs during a meeting in New Delhi. This formal act solidifies Panama's pledge to collaborate within the framework of the ISA, joining other nations in the pursuit of harnessing solar energy for a greener future.


      The International Solar Alliance (ISA) is an action-oriented, member-driven, collaborative platform for increased deployment of solar energy technologies as a means for bringing energy access, ensuring energy security, and driving energy transition in its member countries.


      Moreover, on March 5, Malta became the 119th country to join the International Solar Alliance.

     

 

     

Panama
Capital- Panama City
Currencies- Panamanian Balboa, United States Dollar
__________________________________________

The total number of complaints received by the Offices of the RBI Ombudsman (ORBIOs) and Centralised Receipt and Processing Centre (CRPC) saw a 68.24% to 7,03,544 during FY23 compared with 4,18,184 complaints during FY22.

The total number of complaints received by the Offices of the RBI Ombudsman (ORBIOs) and Centralised Receipt and Processing Centre (CRPC) saw a 68.24% to 7,03,544 during FY23 compared with 4,18,184 complaints during FY22. The complaints pertained to mobile/electronic banking, loans and advances, ATM/debit cards, credit cards, pension payments, remittances, and para banking, among others. The Annual Report of the Ombudsman Scheme 2022-23 is the first stand-alone report under the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2021 elucidating the activities of the 22 Offices of the RBI Ombudsman (ORBIOs), Centralised Receipt and Processing Centre (CRPC) and the Contact Centre during the year. Complaints against banks formed the largest portion (1,96,635 complaints), accounting for 83.78 per cent of complaints received by the ORBIOs. As many as 2,34,690 complaints were handled by the ORBIOs and 4,68,854 were disposed at the CRPC.


      The complaints disposed at the ORBIOs have an average turnaround time (TAT) of 33 days during 2022-23, which improved significantly from 44 days during 2021-22.


      Majority (57.48 percent) of maintainable complaints disposed under RB-IOS, 2021 were resolved through mutual settlement, conciliation, or mediation.

     

 

     

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IndusInd Bank launched its contactless payments wearables, 'Indus PayWear,' India's first All-in-One tokenizable wearables for both debit and credit cards exclusively on Mastercard.

IndusInd Bank launched its contactless payments wearables, 'Indus PayWear,' India's first All-in-One tokenizable wearables for both debit and credit cards exclusively on Mastercard. It is aim to offering to be extended to other card networks shortly. This will facilitate swift and secure tap-and-pay transactions at any contactless Point-of-Sale (PoS) terminal across the globe, eliminating the need for a physical card or even a payment app for purchases. The three versatile wearables, i.e. ring, watch clasp, and stickers, cater to diverse preferences of customers, with an affordable price ranging from Rs499 to Rs2999. Empowered by a dedicated mobile application, Indus PayWear enables seamless DIY setup of the cards on the wearable by the customer. The Indus PayWear mobile app allows the customer to easily switch between cards, thereby making it a truly “All-in-One” wearable.


      Furthermore, Indus PayWear transactions offer the rewards and security of the underlying debit or credit card.


      While transactions below Rs5000 are seamlessly done as a tap-and-pay using the wearable, transactions exceeding Rs5000 will necessitate the added security of the PIN of the linked card to be entered on the PoS machine.

     

 

     

IndusInd Bank
Founded- April 1994; HQ- Mumbai
MD&CEO- Sumant Kathpalia
__________________________________________

Small Industries Development Bank of India (SIDBI) has secured approval from the Green Climate Fund (GCF) for its first anchored project, Avaana Sustainability Fund (ASF), valued at USD 120 million.

Small Industries Development Bank of India (SIDBI) has secured approval from the Green Climate Fund (GCF) for its first anchored project, Avaana Sustainability Fund (ASF), valued at USD 120 million. The closure was announced at the 38th board meeting of the GCF, which will invest USD 24.5 million in the fund. The primary aim of the ASF project is to invest in early-stage companies harnessing technology-led innovation to spur climate solutions and sustainability in the country. This is the first project anchored by SIDBI including the first secured for the country in the past few years.


      The Green Climate Fund is a key component of the historic Paris Agreement and also the world's largest climate fund.


      The bank will also liaise with key stakeholders and ministries including the department of financial services.

     

 

     

Small Industries Development Bank of India (SIDBI)
Chairman & Managing Director- Sivasubramanian Ramann
HQ- Lucknow
__________________________________________

Bank of Baroda has launched the bob Earth Green Team Deposits scheme to raise deposits that will be deployed towards financing eligible environment-friendly projects and sectors.

Bank of Baroda has launched the bob Earth Green Team Deposits scheme to raise deposits that will be deployed towards financing eligible environment-friendly projects and sectors. As part of its Environmental, Social, and Governance (ESG) initiatives, the scheme proceeds will be specifically earmarked for environment-friendly projects and sectors. The bank is offering up to 7.15% annual interest rates to investors, depending on the tenor, and anyone, including high-net-worth individuals (HNIs), resident Indians, and the general public, can invest in the scheme. Depositors can start their investment from Rs5,000 up to below Rs2 crore. Both existing and new customers of Bank of Baroda can open a green deposit through any of its branches across India.


      These include a 1.5-year tenure, which represents the goal of limiting the increase in global temperature to 1.5 degrees Celsius above pre-industrial levels, and a tenure of 1717 days, which emphasises the 17 Sustainable Development Goals of the United Nations twice.


     

     

 

     

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Future Generali India Insurance Company (FGII) launched most comprehensive women’s health insurance plan 'Health PowHER'.

Future Generali India Insurance Company (FGII) launched most comprehensive women’s health insurance plan 'Health PowHER'. The plan is designed to meet women’s unique needs. The plan offers a range of coverage, including increased limits for Female Cancer treatments, coverage for disorders related to Puberty and Menopause, and an emphasis on Outpatient Department (OPD) services for both physical and mental well-being, with a mental illness benefit of 200%.


      The awareness about health insurance policies also remains low at 32%, as compared to 53% being aware of motor insurance.


     

     

 

     

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Asif Ali Zardari took oath as Pakistan's 14th President for the 2nd term.

Asif Ali Zardari took oath as Pakistan's 14th President for the 2nd term. Chief Justice of Pakistan Qazi Faez Isa administered the oath to the Zardari in a small yet formal ceremony at Aiwan-e-Sadr, the Presidential Palace. Zardari replaces Dr Arif Alvi, who stayed in office for five months after completing his five-year term in September 2023. This is the second time that Zardari has won the presidency, a record for any civilian. Earlier he served as the 11th president of Pakistan from 2008 to 2013 and is one of the four democratically elected presidents to have completed their five-year constitutional term. He has been a member of the National Assembly of Pakistan since August 2018.


     


     

     

 

     

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Satwiksairaj Rankireddy and Chirag Shetty won the French Open 2024 badminton men’s doubles title with a win over Chinese Taipei’s Lee Jhe-Huei and Yang Po-Hsuan in the final.

Satwiksairaj Rankireddy and Chirag Shetty won the French Open 2024 badminton men’s doubles title with a win over Chinese Taipei’s Lee Jhe-Huei and Yang Po-Hsuan in the final. Playing at the Arena Porte de la Chapelle, the venue for badminton at the Paris 2024 Olympics, the top-ranked Indian badminton pair beat their world No. 16 opponents with a scoreline of 21-11, 21-17 in 36 minutes. This was the first title of the 2024 badminton season for Chirag-Satwik and the duo’s second French Open title. The Indian pair won the French Open in 2022 and were runners-up in 2019. This was Satwik and Chirag’s seventh title on the BWF World Tour. The Indian pair bagged the Swiss Open, the Indonesia Open and the Korea Open 2023.


     


     

     

 

     

Badminton World Federation (BWF)
Founded- July 1934
HQ- Kuala Lumpur, Malaysia
__________________________________________

Ministry of Jal Shakti has signed a Memorandum of Agreement (MoA) with Indian Institute of Science (IISc) Bangalore for Establishment of an International Centre of Excellence.

Central Water Commission (CWC), Department of Water Resources, River Development & Ganga Rejuvenation, Ministry of Jal Shakti has signed a Memorandum of Agreement (MoA) with Indian Institute of Science (IISc) Bangalore for Establishment of an International Centre of Excellence. International Centre of Excellence for Dams (ICED) will be established under externally supported Dam Rehabilitation and Improvement Project (DRIP) Phase II and III. This MoA will remain valid for ten years or till the duration of the DRIP Phase-II and III Scheme, whichever is earlier, from the date of signing this MoA. ICED will act as a technological arm of the Ministry of Jal Shakti (MoJS) to provide specialized technical support in investigations, modelling, research and innovations, and technical support services for the Indian and overseas dam owners.


      The MoJS will provide grant of Rs118.05 Crore for procurement of goods, machinery for establishment of new laboratories.


      In addition, ICED will have a Centre Development Fund.

      The first ICED has been institutionalized at IIT Roorkee upon signing of MoA in February 2023.

 

     

Ministry of Jal Shakti
Union Minister- Gajendra Singh Shekhawat
State Miniser- Bishweswar Tudu; Prahlad Singh Patel
__________________________________________

The Cabinet Committee on Security headed by Prime Minister Narendra Modi has put its stamp of approval on Rs15,000 crore indigenous fifth generation Advanced Medium Combat Aircraft (AMCA) fighter jet project for the Indian Air Force (IAF).

The Cabinet Committee on Security headed by Prime Minister Narendra Modi has put its stamp of approval on Rs15,000 crore indigenous fifth generation Advanced Medium Combat Aircraft (AMCA) fighter jet project for the Indian Air Force (IAF). The approval given is for the proposal to ready five prototypes of AMCA, which the Defence Research and Development Organisation will carry out over the next 5 years. The Aeronautical Development Agency (ADA) of DRDO in collaboration with Hindustan Aeronautics Limited (HAL) will build the indigenous fifth generation AMCA.


      In March 2023, Defence Minister Rajnath Singh had inaugurated the new Flight Control System (FCS) facility in Bengaluru where R&D is being done for the avionics of AMCA.


     

     

 

     

Indian Air Force
Founded- October 1932; HQ- New Delhi
Chief of the Air Staff of India- Vivek Ram Chaudhari
__________________________________________

Ashwini Vaishnaw, Union Minister of Communications, Railways, and Electronics & Information Technology, launched the 'NITI for States' platform.

Ashwini Vaishnaw, Union Minister of Communications, Railways, and Electronics & Information Technology, launched the 'NITI for States' platform. It is a comprehensive digital initiative designed to empower states and union territories (UTs) in their pursuit of national development goals. He also inaugurated the ‘NITI For States - Viksit Bharat Strategy Room’ at NITI Aayog in the presence of Prof. Ramesh Chand, Dr V. K Saraswat, & Dr Arvind Virmani, Members of NITI Aayog and Shri B.V.R Subrahmanyam, CEO, NITI Aayog. Senior officials from ministries and departments of the Government of India, senior officials from State Governments, ABP fellows, development partners and media were present at the event.


      NITI for States offers a centralised repository of valuable resources, including best practices, policy documents, datasets, and NITI Aayog publications, spanning various sectors and cross-cutting themes like gender and climate change.


      Its user-friendly interface ensures inclusivity and empower officials across diverse regions to effectively utilise the platform's extensive knowledge base.

     

 

     

NITI Aayog
Founded- 1 January 2015
CEO- B.V.R. Subrahmanyam
__________________________________________

Union Education Minister Dharmendra Pradhan inaugurated the I-Hub Foundation, an incubation centre, at IIM Sambalpur in Odisha.

Union Education Minister Dharmendra Pradhan inaugurated the I-Hub Foundation, an incubation centre, at IIM Sambalpur in Odisha. The foundation will play a pivotal role in nurturing and supporting innovative ventures across diverse sectors, including textiles, art and culture, agriculture, healthcare, financial and digital inclusivity, tribal entrepreneurship, and sustainability. He also launched the Sambalpur chapter of '100 Cube' start-ups to establish 100 start-ups on its premises, each with an approximate valuation of Rs100 crore, by Odisha's centennial celebration in 2036.


      The event featured an exhibition showcasing 50 startups from Sambalpur, Jharsuguda, Sundargarh, Bargarh, and other districts of Odisha.


      Sambalpur has established national-level institutions like IIM-S, Sambalpur University, Gangadhar Meher University, VIMSAR and VSSUT.

     

 

     

Ministry of Education
Union Minister- Dharmendra Pradhan
State Minister- Annpurna Devi, Dr. Rajkumar Ranjan Singh, Dr. Subhas Sarkar
__________________________________________

India and European Free Trade Association (EFTA) signed a Trade and Economic Partnership Agreement (TEPA) committed to promote investments to increase the stock of foreign direct investments by USD 100 billion in India in the next 15 years.

India and European Free Trade Association (EFTA) signed a Trade and Economic Partnership Agreement (TEPA) committed to promote investments to increase the stock of foreign direct investments by USD 100 billion in India in the next 15 years. The investments do not cover foreign portfolio investment. This agreement to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals. This will facilitate the generation of 1 million direct employment in India through such investments. The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights (IPRs), trade in services, investment promotion and cooperation, government procurement, technical barriers to trade, and trade facilitation.


      The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.


      EFTA is offering 92.2% of its tariff lines which covers 99.6% of India’s exports.

      The EFTA’s market access offer covers 100% of non-agri products and tariff concession on Processed Agricultural Products (PAP).

 

     

European Free Trade Association (EFTA)
Founded- 1960
HQ- Geneva, Switzerland
__________________________________________

To provide immediate assistance to accidents victims and strengthen the Incident Management System (IMS) on the National Highways, NHAI has signed a MoU with HLL Lifecare Limited.

To provide immediate assistance to accidents victims and strengthen the Incident Management System (IMS) on the National Highways, National Highways Authority of India (NHAI) has signed a MoU with HLL Lifecare Limited. The MoU will help NHAI to strengthen its existing Incident Management System, which includes Ambulances, Route Patrol Vans & Cranes, real time tracking, and supportive supervision. This will also help to strengthen services provided through National Highway Toll Free Helpline Number 1033 resulting in improved response time. HLL will also operationalize and manage State-of-art ambulance services which will be equipped with improvised ‘Basic Life Support’ at select locations of National Highways and will integrate technology for better communication, real time tracking and coordination.


      The MoU was signed in presence of NHAI Chairman, Shri Santosh Kumar Yadav and Kuruvilla P.C, Associate Vice President & Business Head, HLL Lifecare Limited, along with other senior officials from NHAI and HLL Lifecare Ltd.


      This agreement will remain in effect for a period of five years.

     

 

     

National Highways Authority of India (NHAI)
Founded- 1988
Chairperson- Santosh Kumar Yadav
__________________________________________

The Ministry of Home Affairs (MHA) notified Citizenship Amendment Act (CAA) rules, 2024.

The Ministry of Home Affairs (MHA) notified Citizenship Amendment Act (CAA) rules, 2024. Ministry of Home Affairs will be notifying, the Rules under the Citizenship (Amendment) Act, 2019 (CAA-2019). These rules, called the Citizenship (Amendment) Rules, 2024 will enable the persons eligible under CAA-2019 to apply for grant of Indian citizenship. The CAA will be implemented before the elections. These rules will now enable minorities persecuted on religious grounds in Pakistan, Bangladesh and Afghanistan to acquire citizenship in our nation.


      The Parliament approved the CAA in December 2019, with the Act subsequently getting Presidential assent from then-President Ram Nath Kovind. However, the rules under this law are only now being implemented.


     

     

 

     

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Securities and Exchange Board of India (SEBI) notified regulations in REITs to create a system of regulation for Small and Medium REITs (SM REITs).

Securities and Exchange Board of India (SEBI) notified regulations in REITs to create a system of regulation for Small and Medium REITs (SM REITs). Small and medium REITs (Real Estate Investment Trust) shall have the ability to create separate schemes for owning real estate through SPV (Special Purpose Vehicle). These changes are important for formalising the sector, introducing investor faith and addressing the complexity of SPV security issues. These regulations will enable several of these prop-tech platforms to migrate to the SM REIT structure, if they meet the market regulators' 'fit and proper' criteria. SEBI guidelines for SM REITs have reduced the minimum ticket size to Rs10 lakh. The minimum number of investors in an SM REIT has to be at least 200 in any scheme, all of whom should be unrelated to the investment managers, and no single investor can own more than 25% of any scheme. These new proposed regulations mandate that investment managers must have a personal net worth of a minimum Rs20 crore out of which Rs10 crore has to be a positive liquid net worth.


      The SM REIT must also buy and own assets that are priced above Rs 25 crore and less than Rs 500 crore.


      The final safeguard for investors mandated in small and medium REITs is that 95% of the investor funds must be invested in completed rent-yielding assets.

     

 

     

Securities and Exchange Board of India (SEBI)
Establishment-1992; HQ- Mumbai
Chairperson- Madhabi Puri Buch
__________________________________________

India has been honoured with the prestigious 'Measles and Rubella Champion' Award by The Measles and Rubella Partnership at the American Red Cross Headquarters in Washington D.C, USA.

On 6th March 2024, India has been honoured with the prestigious 'Measles and Rubella Champion' Award by The Measles and Rubella Partnership at the American Red Cross Headquarters in Washington D.C, USA. Ambassador Sripriya Ranganathan, Deputy Chief of Mission, Embassy of India, Washington D.C received the award on behalf of the Ministry of Health and Family Welfare, Government of India. The Measles and Rubella Partnership comprises a multi-agency planning committee, including the American Red Cross, BMGF, GAVI, US CDC, UNF, UNICEF, and WHO, all dedicated to reducing global measles deaths and preventing rubella illness. The award is a testament to the dedication and hard work of country’s frontline health workers, healthcare professionals, policymakers, and communities across the nation.


      Measles and Rubella are vaccine preventable diseases (VPDs).


      MR Vaccine is part of India’s Universal Immunization Programme since 2017.

     

 

     

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President of India, the Supreme Commander of the Indian Armed Forces, Droupadi Murmu, awarded the prestigious President's Standard and Colours to 4 Indian Air Force Units.

On 08 March 2024, the President of India, the Supreme Commander of the Indian Armed Forces, Droupadi Murmu, awarded the prestigious President's Standard to 45 Squadron and 221 Squadron, and the President's Colours to 11 Base Repair Depot (BRD) and 509 Signal Unit (SU) of the Indian Air Force (IAF). The award of the President's Standard and Colours is the highest honour that can be bestowed upon any military unit. This is the first time in the history of the IAF that four units have been awarded the President's Standard and Colours together in a single ceremony. President was presented with an aerial salute by three Mi-171V helicopters in 'Dhwaj' formation trooping the National flag. The ceremonial parade was commanded by Group Captain KS Sanu Nair of 11 BRD. First Day covers for 45 Squadron, 221 Squadron, 11 Base Repair Depot and 509 Signal Unit were released by the Hon'ble President during the ceremony. The President's Standard were received by Group Captain M Surendran, Commanding Officer of 45 Squadron and Group Captain Shubhankan, Commanding Officer of 221 Squadron. The President's Colours were received by Air Commodore Ashutosh Vaidya, Air Officer Commanding of 11 BRD and Group Captain Vivek Sharma, Commanding Officer of 509 SU during an impressive parade at Air Force Station Hindan, Ghaziabad.


      General VK Singh (Retd), Min of State for Civil Aviation, also graced the occasion.


      Air Chief Marshal VR Chaudhari, Chief of the Air Staff and senior officers of the Indian Air Force were present on this momentous occasion.

      The President highlighted the courage, commitment and sacrifices of the Indian Air Force during war and peacetime operations, both within India and overseas.

 

     

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The Defence Research and Development Organisation (DRDO) conducted India’s first successful flight test of the indigenously developed Agni-V missile.

The Defence Research and Development Organisation (DRDO) conducted India’s first successful flight test of the indigenously developed Agni-V missile. The test involved the missile carrying between four to six dummy warheads. The flight test, named Mission Divyastra, was carried out from Dr APJ Abdul Kalam Island off the Odisha coast. Launching a MIRV-tipped missile – say an Agni-IV or Agni-V – offers several tactical and strategic advantages. The Agni-V project is aimed at boosting India's nuclear deterrence. Agni-V can bring almost the entire Asia under its strike range. The test featured Multiple Independently Targetable Re-entry Vehicle.


      The technology that goes into putting multiple warheads on a single rocket or missile is known as “multiple independently targetable re-entry vehicle” (MIRV) technology.


      It involves launching a single missile carrying 4-6 warheads, each of which can be programmed to strike a separate target, several hundred kilometres apart.

      MIRVs have been developed by the US, UK, Russia, France and China.

 

     

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Pension Fund Regulatory and Development Authority (PFRDA), inaugurated Zerodha Broking Limited's NPS web-app, in New Delhi.

Deepak Mohanty, Chairperson of Pension Fund Regulatory and Development Authority (PFRDA), inaugurated Zerodha Broking Limited's NPS web-app in New Delhi. The app offers seamless access of NPS to a wider subscriber base. NPS (National Pension System) provides continuity to retirement saving account irrespective of one’s employment status and is available for non-resident Indians (NRIs). The app foster innovation and inclusivity within the NPS architecture, particularly through its engagement of fintech entities as Point of Presence (PoP) thus, enhancing accessibility and convenience.


     


     

     

 

     

PFRDA
Chairman- Deepak Mohanty
HQ- New Delhi
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India Men's Cricket team won the Anthony de Mello Trophy 2024 by defeating England in the five-match test series for 4-1 held from 25th January to 9th March 2024.

India Men's Cricket team won the Anthony de Mello Trophy 2024 by defeating England in the five-match test series for 4-1 held from 25th January to 9th March 2024. India posted a mammoth win over England at Dharamshala by an innings and 64 runs in the fifth and final Test of the series against England to close out a convincing 4-1 series win. Anthony de Mello was a former Indian cricket administrator and one of the founding members of the Board of Control for Cricket in India (BCCI). The test series between India and England played in India was named after him.


      India stand atop the ICC World Test Championships for the 2023-25 cycle with 74 points to their name in 9 games played thus far.


      The trophy was instituted in 1951, when England toured India for a five-match series.

     

 

     

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In a major boost to women empowerment in Chhattisgarh, Prime Minister Narendra Modi launched the Mahatari Vandana Yojana and disbursed the first instalment under The Scheme.

In a major boost to women empowerment in Chhattisgarh, Prime Minister Narendra Modi launched the Mahatari Vandana Yojana and disbursed the first instalment under The Scheme. The scheme has been launched in Chhattisgarh to provide financial assistance of Rs1000 per month to eligible married women of the state as monthly DBT. It has been envisioned to ensure economic empowerment of women, provide them financial security, promote gender equality and strengthen the decisive role of women in the family. The scheme will provide benefits to all eligible married women of the state who are above 21 years of age as of January 1, 2024. Widows, divorced, and deserted women will also be eligible for this scheme. Around 70 lakh women will benefit from the scheme.


     


     

     

 

     

Chhattisgarh
Governor- Biswabhusan Harichandan
Chief Minister- Vishnu Deo Sai
__________________________________________

Bichom, carved out of West and East Kameng, became the 27th district of Arunachal Pradesh.

Bichom, carved out of West and East Kameng, became the 27th district of Arunachal Pradesh. Chief Minister Pema Khandu inaugurated the district and laid the foundation of its headquarters at Napangphung. He also handed over responsibilities to Deputy Commissioner Akriti Sagar and Superintendent of Police Sudhanshu Dhama. Infrastructure will be created for the new district headquarters and all assets transferred to Bichom district from East Kameng will be replaced with new ones. A total of 27 villages from West Kameng and 28 from East Kameng were made part of Bichom district.


      In February 2024, the state assembly passed the Arunachal Pradesh (Re-Organisation of Districts) (Amendment) Bill, 2024 for the creation of Bichom and Keyi Panyor districts.


      The Chief Minister also flagged off vehicles distributed to self-help groups under the Arunachal Grameen Express Yojana, besides laying the foundation of 18 projects and inaugurating an equal number of projects.

     

 

     

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The Union Cabinet approved Uttar Poorva Transformative Industrialization Scheme 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of Rs10,037 crore.

The Union Cabinet approved Uttar Poorva Transformative Industrialization Scheme 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of Rs10,037 crore. This will be a Central Sector Scheme. The scheme is proposed to be divided into two parts. Part, A caters to the incentives to the eligible units (Rs9737 crores), and Part B, is for implementation and institutional arrangements for the scheme (Rs300 Crore). The proposed scheme envisages approximately 2180 applications, and it is anticipated that direct employment opportunities of about 83,000 will be generated during the scheme period.


      The scheme will be effective from the date of Notification and up to 31.03.2034 along with 8 years of committed liabilities.


      Government of India has formulated New Industrial Development Scheme, UNNATI, 2024 as a Central Sector Scheme for the development of Industries and generation of employment in the states of North East Region.

     

 

     

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The Union Cabinet has approved a crucial bill to providing reservations to Scheduled Tribes (ST) in the Goa Legislative Assembly.

The Union Cabinet has approved a crucial bill to providing reservations to Scheduled Tribes (ST) in the Goa Legislative Assembly. Union Minister Piyush Goyal, while briefing reporters on the Cabinet's decisions, announced the approval of the 'Readjustment of Representation of Scheduled Tribes Bill, 2024'. This bill will empower the Census Commissioner to ascertain and determine the population of STs in Goa. Based on this determination, the Election Commission will amend the Delimitation of Parliamentary and Assembly Constituencies Order, 2008, to facilitate ST reservation in the 40-member Goa Assembly. The bill's provisions include empowering the Census Commissioner to ascertain and determine the population of Scheduled Tribes in Goa, considering tribes declared as such after the publication of Census 2001.


      The bill is now slated for introduction in the next Lok Sabha, which will be formed after the upcoming general elections.


     

     

 

     

Goa
Capital- Panaji
CM- Pramod Sawant
__________________________________________

Prime Minister Narendra Modi inaugurated and laid the foundation stones for various connectivity projects in West Bengal's Kolkata, with a total value of Rs15,400 crore.

Prime Minister Narendra Modi inaugurated and laid the foundation stones for various connectivity projects in West Bengal's Kolkata, with a total value of Rs15,400 crore. He also laid the foundation stones for multiple development initiatives worth approximately Rs12,800 crore in Bihar's Bettiah. PM inaugurated the Howrah Maidan-Esplanade section of Kolkata Metro's East-West corridor, marking India's first foray into underwater metro services. He also inaugurated other metro stations, such as the Kavi Subhash - Hemanta Mukhopadhyay Metro section and the Taratala - Majerhat Metro section, which is part of the Joka-Esplanade line in Kolkata. Road projects such as the two-laning of the Piprakothi-Motihari-Raxaul section of NH-28A with paved shoulder and the two-laning of the Sheohar-Sitamarhi section of NH-104 were also inaugurated.


     


     

     

 

     

West Bengal
Capital- Kolkata
Chief minister- Mamata Banerjee
__________________________________________

Prime Minister Narendra Modi dedicated, inaugurated, and laid the foundation stone of various infrastructure projects worth around Rs12,800 crore at Bettiah in Bihar’s West Champaran district.

Prime Minister Narendra Modi dedicated, inaugurated, and laid the foundation stone of various infrastructure projects worth around Rs12,800 crore at Bettiah in Bihar’s West Champaran district. These projects are related to rail, road, petroleum and natural gas. This will be the second visit of PM Modi to the state in the last five days. Earlier, he visited Bihar’s Aurangabad and Begusarai districts. During the rally, PM Modi inaugurated the LPG bottling plant and storage terminal, NH 28A stretch between Pipra Kothi-Motihari-Raxaul (two lanes) and NH 104 Sheohar-Sitamarhi stretch (two lanes). He also lay the foundation stone of Digha-Sonpur six lane rail cum road bridge on Ganga river, four lane bypass on NH 19 at Bakarpur Haat-Manikpur and many others.


     


     

     

 

     

Bihar
Capital- Patna
CM- Nitish Kumar; Governor- Rajendra Arlekar
__________________________________________

India's Vadodara Municipal Corporation (VMC) has raised 1 billion rupees ($12.07 million) by issuing Asia's first certified green municipal bond.

India's Vadodara Municipal Corporation (VMC) has raised 1 billion rupees ($12.07 million) by issuing Asia's first certified green municipal bond. The civic body from the western Indian state of Gujarat has set a semi-annual coupon of 7.90% on the issue. The proceeds from the issue will be used to build and enhance liquid wastewater management infrastructure across the city. The Vadodara civic body last accessed the bond market in 2022, raising 1 billion rupees via bonds maturing in five years at a semi-annual coupon of 7.15%.


      The bonds are rated AA+ by India Ratings and have received a green security certificate from the Climate Bond Initiative.


      SBI Capital Markets and Tipsons Consultancy Services are the arrangers for the bond issue.

     

 

     

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Prime Minister Narendra Modi virtually inaugurated the priority corridor of the Agra Metro Rail Project, which aims to connect the Unesco World Heritage sites including the Taj Mahal, Agra Fort, and Sikandra Tomb, for tourists.

Prime Minister Narendra Modi virtually inaugurated the priority corridor of the Agra Metro Rail Project, which aims to connect the Unesco World Heritage sites including the Taj Mahal, Agra Fort, and Sikandra Tomb, for tourists. Uttar Pradesh Chief Minister Yogi Adityanath flagged off the Agra Metro from the Taj Mahal Metro Station. Agra Metro service will start operating for the general public on March 7. The general public will be able to travel in Agra Metro trains from March 7 by paying a fare ranging from Rs 10 to Rs 30 per passenger. These Agra Metro trains will operate from 6 am to 10 pm. As many as 28 CCTV cameras have been installed at one station. The responsibility for the security of all the stations has been given to the Uttar Pradesh Special Security Force (UP SSF). About 150 UP SSF personnel have been deployed at all the stations.


      There are 14 stations in the first corridor of Agra Metro.


      Out of which the construction work of six stations of the Priority Corridor has been completed. Among them, the Taj East Gate, Captain Shubham Gupta, and Fatehabad Road metro stations are elevated and the Taj Mahal, Agra Fort, and Mankameshwar metro stations are underground.

     

 

     

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Kerala Chief Minister Pinarayi Vijayan inaugurated the state's own Over-The-Top (OTT) platform 'CSpace'.

Kerala Chief Minister Pinarayi Vijayan inaugurated the state's own Over-The-Top (OTT) platform 'CSpace'. CSpace, India's first government-backed OTT platform, addresses challenges in selecting and distributing content. Managed by the Kerala State Film Development Corporation (KSFDC), CSpace operates under the support of the Department of Cultural Affairs of the Government of Kerala. The curators have already handpicked 42 films for the first phase of CSpace, including 35 feature films, six documentaries, and one short film.


      CSpace is India's first government-backed OTT platform, launched with support from the Kerala State Film Development Corporation and the Department of Cultural Affairs in Kerala.


      CSpace adopts a pay-per-view model, charging users ₹ 75 per movie.

     

 

     

Kerala
Capital- Thiruvananthapuram
Chief minister- Pinarayi Vijayan
__________________________________________

The comprehensive maritime security exercise ‘Sea Defenders-2024’ between the Indian Coast Guard (ICG) & United States Coast Guard (USCG) concluded at Port Blair on 9th March 2024.

The comprehensive maritime security exercise ‘Sea Defenders-2024’ between the Indian Coast Guard (ICG) & United States Coast Guard (USCG) concluded at Port Blair on 9th March 2024. The exercise was aimed at enhancing maritime cooperation and interoperability between the two forces. The Exercise included a variety of scenarios including a Pollution Response Demonstration, in which Indian Coast Guard ships and aircraft showcased their expertise in responding to oil spills and other environmental hazards at sea. During the exercise, the Indian Coast Guard helicopter and Dornier aircraft conducted Search & Rescue and Pollution Response demonstrations, showcasing ICG's ability to undertake aerial surveillance and rescue missions.


     


     

     

 

     

Indian Coast Guard (ICG)
HQ- New Delhi
Director General- Rakesh Pal
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Securities and Exchange Board of India (SEBI) introduced a third settlement scheme for entities involved in reversal trades in the stock options segment on BSE in 2014 and 2015.

Securities and Exchange Board of India (SEBI) introduced a third settlement scheme for entities involved in reversal trades in the stock options segment on BSE in 2014 and 2015. The scheme will commence on March 11 and conclude on May 10, 2024. After the expiry of the scheme period, actions as per the relevant provisions of securities laws will be continued against the entities which do not avail this opportunity for settlement. Moreover, frequently asked questions with respect to the scheme will be available on the websites of SEBI and BSE on 11 March 2024. This is not the first time the regulator has given the chance to these entities to settle the case. Earlier, SEBI provided a one-time settlement scheme for the entities in 2020. The scheme was available gain from August 2022 to January 2023.


      The scheme would provide a settlement opportunity to all the entities that have executed reversal trades in the stock options between April 1, 2014, and September 30, 2015, against whom proceedings have been initiated.


     

     

 

     

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India's gross domestic product (GDP) expected to grow at 6.8% in fiscal 2024-25 (FY25).

India's gross domestic product (GDP) expected to grow at 6.8% in fiscal 2024-25 (FY25). This growth trajectory positions India to attain upper middle-income status by 2031, with the economy expected to double to USD 7 trillion. According to the India Outlook report by Crisil, the country's economic progress will be supported by domestic structural reforms and cyclical factors. The next seven fiscals (2025-2031) will see the Indian economy crossing the USD 5 trillion-mark and inching closer to USD 7 trillion. Crisil expects the economy to expand to USD USD 6.7 trillion by fiscal 2031. Manufacturing and services to grow 9.1 percent and 6.9 percent, respectively, between fiscals 2025 and 2031.


      Crisil anticipates that India could potentially even surpass its growth prospects, aiming to become the world's third-largest economy by 2031


      India, with a GDP size of USD 3.6 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany.

     

 

     

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Prime Minister Narendra Modi presented the inaugural ‘1st National Creators Award’ at Bharat Mandapam in New Delhi.

Prime Minister Narendra Modi presented the inaugural ‘1st National Creators Award’ at Bharat Mandapam in New Delhi. The award aims to honour excellence and influence across various fields such as storytelling, environmental sustainability, education, and gaming. It serves as a platform to utilise creativity for promoting positive transformations. The award encompasses 20 categories, including Best Storyteller, Disruptor of the Year, Celebrity Creator of the Year, Green Champion, Best Creator for Social Change, Most Impactful Agri Creator, Cultural Ambassador of the Year, and International Creator. Over 1,50,000 nominations were received across 20 categories. As a result, 23 winners were selected, including three international creators. winners' list: Nishchay - Best Creator in Gaming Category; Ankit Baiyanpuria - Best Health and Fitness Creator; Naman Deshmukh - Best Creator in Education Category; Kabita Singh (Kabita's Kitchen) - Best Creator in Food Category; RJ Raunac (Bauaa) - Most Creative Creator-Male; Shraddha - Most Creative Creator-Female; Jahnvi Singh - Heritage Fashion Icon Award; Malhar Kalambe - Swachhta Ambassador Award; Gaurav Chaudhary - Best Creator in Tech Category; Kamiya Jani - Favourite Travel Creator; Drew Hicks - Best International Creator; Maithili Thakur - Cultural Ambassador of The Year; Jaya Kishori - Best Creator for Social Change; Pankti Pandey - Favourite Green Champion; Aman Gupta - Celebrity Creator of the Year; Lakshay Dabas - Most Impactful Agri Creator


      Playback singer Maithili Thakur, trained in Indian classical music and folk music, was announced the winner of ‘Cultural Ambassador of The Year’.


     

     

 

     

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India celebrates the 55th anniversary of CISF (Central Industrial Security Force) Raising Day on 10 March 2024.

India celebrates the 55th anniversary of CISF (Central Industrial Security Force) Raising Day on 10 March 2024. The Central Industrial Security Force (CISF) Raising Day is celebrated every year on 10 March. It was established on March 10, 1969, under an Act of the Indian Parliament, with 2,800 members. A later Act of Parliament issued on June 15, 1983, elevated the CISF to the status of an armed force of the Republic of India.


      CISF (established in its present form: 15 June 1983) is a Central Armed Police Force in India which is instrumental in safeguarding the assets and infrastructures of the country.


      The CISF is headed by an Indian Police Service officer with the rank of Director-General, assisted by an IPS officer with the rank of Additional Director-General.

     

 

     

Central Industrial Security Force (CISF)
Director General- Nina Singh
HQ- New Delhi
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Author and philanthropist Sudha Murty has been nominated to the Rajya Sabha by President Droupadi Murmu.

Author and philanthropist Sudha Murty has been nominated to the Rajya Sabha by President Droupadi Murmu. The announcement came on International Women's Day. Murthy received the Padma Bhushan - the third-highest civilian award in India - for social work last year and Padma Shri in 2006. She is currently the chairperson of the Infosys Foundation. She is a prolific writer in English and Kannada, and her books have been translated into all major Indian languages.


      The President of India nominates 12 members to the Upper House of the Parliament for their contributions towards arts, literature, sciences, and social services.


     

     

 

     

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Akira Toriyama, the Japanese manga artist who created the enormously popular and influential Dragon Ball series, passed away.

Akira Toriyama, the Japanese manga artist who created the enormously popular and influential Dragon Ball series, passed away. Born on April 5, 1955 in Kiyosu City, Aichi prefecture, Toriyama began drawing manga at the age of 23. He made his debut as a cartoonist in 1978 by submitting a short story to manga fans’ magazine Weekly Shonen Jump.


      The Dragon Ball universe remains one of Japan’s most successful global hits.


     

     

 

     

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The International Day of Women Judges is celebrated on 10 March every year to recognizing the contributions of women judges worldwide.

The International Day of Women Judges is celebrated on 10 March every year to recognizing the contributions of women judges worldwide. In April 26 2021, the United Nations General Assembly declared the day by a resolution adopted by consensus. The day was observed globally for the first time on March 10, 2022. International Day of Women Judges 2024 observed with the campaign “Women in Justice, women for justice”.


     


     

     

 

     

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Sweden formally joined NATO (North Atlantic Treaty Organization) as the 32nd member of the transatlantic military alliance.

Sweden formally joined NATO (North Atlantic Treaty Organization) as the 32nd member of the transatlantic military alliance. The country first applied to join NATO in May 2022, not long after Russia’s war on Ukraine began. After over 200 years of non-alignment Sweden now enjoys the protection granted under Article 5, the ultimate guarantee of Allies’ freedom and security. Sweden’s accession makes NATO stronger, Sweden safer and the whole Alliance more secure.


      Finland became an official member of NATO April 2023.


     

     

 

     

Sweden
Capital- Stockholm
Official language- Swedish
__________________________________________

Gustavo Adrianzen appointed as the new prime minister of Peru.

Peruvian President Dina Boluarte named the country's representative to the Organization of American States (OAS), Gustavo Adrianzen, as the new prime minister, a day after the prior prime minister stepped down amid corruption accusations. Former prime minister Alberto Otarola resigned after a local TV station released an audio recording.


     


     

     

 

     

Peru
Capital- Lima
Currency- Sol
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Reliance Consumer Products Limited has partnered with Sri Lanka-based beverage maker Elephant House, to manufacture, market, distribute and sell beverages under the Elephant House brand across India.

Reliance Consumer Products Limited (RCPL) has partnered with Sri Lanka-based beverage maker Elephant House, to manufacture, market, distribute and sell beverages under the Elephant House brand across India. This association will not only help RCPL bolster its growing beverage portfolio that boasts iconic brands such as Campa, Sosyo and Raskik but will also bring exceptional new products and value propositions to Indian consumers.


      Elephant House is owned by Ceylon Cold Stores PLC, a subsidiary of John Keells Holdings PLC, Sri Lanka’s largest listed conglomerate.


     

     

 

     

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The Prime Minister, Narendra Modi inaugurated Bharat Tex 2024, one of the largest-ever global textile events, organized in the country at Bharat Mandapam in New Delhi.

The Prime Minister, Narendra Modi inaugurated Bharat Tex 2024, one of the largest-ever global textile events, organized in the country at Bharat Mandapam in New Delhi. The Prime Minister also took a walkthrough of the exhibition showcased on the occasion. BharatTex2024 is an excellent platform to highlight India's exceptional capabilities in the textile industry. The government through its various initiatives - PM MITRA, Production-Linked Incentive (PLI) scheme, Samarth (Scheme for Capacity Building in Textiles Sector) and National Technical Textiles Mission has provided a huge fillip to the textile industry under the leadership of the Prime Minister. The textile ministry has formed a new textile advisory group to create an end-to-end connectivity for the cotton and man-made fibre industry that will help maintain balance and create a better synergy in the textile sector.


      India is one of the largest producers of cotton, jute and silk in the world and lakhs of farmers are engaged in this work.


      The Kasturi Cotton launched by the government is going to be a big step towards creating India's own identity.

     

 

     

Ministry of Textiles
Union Minister- Piyush Goyal
State Minister- Darshana Vikram Jardosh
__________________________________________

Overview of Prime Minister Narendra Modi was visit Jharkhand, West Bengal and Bihar on 1st-2nd March 2024.

Prime Minister Narendra Modi was visit Jharkhand, West Bengal and Bihar on 1st-2nd March 2024. On 1st March, Prime Minister reached Sindri, Dhanbad, Jharkhand and participate in a public programme, where he inaugurated, dedicated and laid the foundation stone of multiple development projects worth Rs35,700 crore in Jharkhand. Prime Minister participated in a public programme where he inaugurated, dedicated and laid the foundation stone of multiple development projects worth more than Rs7,200 crore in Arambagh, Hooghly, West Bengal. On 2nd March, Prime Minister reached Krishnanagar, Nadia district, West Bengal, where he inaugurated, dedicate and laid the foundation stone of multiple development projects worth Rs15,000 crore. Prime Minister inaugurated, dedicated and laid the foundation stone of multiple development projects worth Rs21,400 crore in Aurangabad, Bihar. Prime Minister reached Begusarai, Bihar where he inaugurated, dedicate and laid the foundation stone of multiple oil and gas sector projects worth about Rs1.48 lakh crore across the country and several development projects in Bihar worth more than Rs13,400. He dedicated to the nation the Hindustan Urvarak & Rasayan Ltd (HURL) Sindri Fertiliser Plant. Developed at a cost of more than Rs8900 crore, the fertiliser plant is a step towards self-sufficiency in the Urea Sector. He inaugurated, dedicate and laid the foundation stone of several rail projects worth more than Rs17,600 crore in Jharkhand. The projects include 3rd & 4th Line connecting Sone Nagar-Andal, Tori- Shivpur first & second and Biratoli- Shivpur third railway line (part of Tori- Shivpur Project), Mohanpur – Hansdiha new rail line, Dhanbad-Chandrapura rail line, among others. Prime Minister also flagged off three trains during the programme. This includes Deoghar – Dibrugarh train service, MEMU Train Service between Tatanagar and Badampahar (Daily) and long-haul freight train from Shivpur station. He also dedicated to nation important power projects in Jharkhand including the Unit 1 (660 MW) of North Karanpura Super Thermal Power Project (STPP), Chatra. Developed at more than Rs7500 crore, the project will lead to improved power supply in the region. At Aurangabad, Prime Minister inaugurate, dedicate and lay the foundation stone of multiple development projects worth more than Rs 21,400 crore.


      प्रधान मंत्री ने '1962 फार्मर्स ऐप' भी लॉन्च किया, एक ऐप जो 'भारत पशुधन' डेटाबेस के तहत मौजूद सभी डेटा और सूचनाओं को रिकॉर्ड करता है, जिसका उपयोग किसान कर सकते हैं।


     

     

 

     

Jharkhand
Capital- Ranchi
CM- Champai Soren; Governor- C. P. Radhakrishnan
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Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs, inaugurated 201 CNG stations and India’s first Small Scale LNG Unit of GAIL (India) Limited.

Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs, inaugurated 201 CNG stations and India’s first Small Scale LNG Unit of GAIL (India) Limited. The dedication of the stations was done through video conferencing at a function in the presence of Union Minister of State, Petroleum and Natural Gas & Labour and Employment Rameshwar Teli, Secretary, Ministry of Petroleum & Natural Gas Pankaj Jain, Chairman and Managing Director, GAIL Limited, Sandeep Kumar Gupta, Additional Secretary, MoPNG Shri Praveen Mal Khanooja, GAIL Director (Finance). The 201 CNG stations dedicated to the Nation have been set up by 15 City Gas Distribution (CGD) entities of GAIL group in 52 Geographical Areas (Gas) across 17 states while India’s first small-scale LNG unit has been set up by GAIL at its Vijaipur LPG plant. Out of these 15 CGD entities, 53 stations belong to GAIL Gas Limited, 50 to Indraprastha Gas Limited, 43 to GAIL and 20 to Mahanagar Gas Limited. Moreover, four belong to Avantika Gas Limited, two to Bengal Gas Company Limited, three to Central UP Gas Limited, one to Goa Natural Gas Pvt Limited, three to Green Gas Limited, one to Haridwar Natural Gas Limited, two to Purba Bharati Gas Limited, one to Rajasthan State Gas Pvt Limited, one to Tripura Natural Gas Company Limited and one to Vadodara Gas Limited.


      With inauguration of the CNG stations and the Small-Scale LNG unit, the Minister Hardeep Singh Puri reaffirmed government’s commitment to sustainable energy practices.


     

     

 

     

GAIL Limited
Founded- 1984; HQ- New Delhi
Chairman & MD- Sandeep Kumar Gupta
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Future Generali India Life Insurance has appointed Alok Rungta as the Managing Director & CEO effective 1st April 2024.

Future Generali India Life Insurance has appointed Alok Rungta as the Managing Director & CEO effective 1st April 2024. He has succeeded Bruce De Broize, who is the current MD & CEO until Mar 31, 2024. Rungta was the Deputy CEO & Chief Financial Officer (CFO) at Future Generali India Life Insurance. He previously worked at AXA Philippines as a Chief of Retail Propositions (Life, P and C, and Health) and Head of Health and Protection.


      Future Generali India Life Insurance Company Limited is an Indian publicly held life insurance company headquartered in Mumbai, India.


     

     

 

     

Future Generali India Life Insurance
Founded- 2007
HQ- Mumbai
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The Ministry of Corporate Affairs notified amendments in competition laws allowing the Competition Commission of India (CCI) to impose penalty on the global turnover of a company.

The Ministry of Corporate Affairs notified amendments in competition laws allowing the Competition Commission of India (CCI) to impose penalty on the global turnover of a company. In exercise of the powers conferred by sub-section (2) of section 1 of the Competition (Amendment) Act, 2023 (9 of 2023), the Central Government hereby appoints the 6th day of March, 2024 as the date on which the provisions of sections 20, 35 and 40 of the said Act shall come into force. It empowers CCI to impose a penalty on the global turnover of a company derived from all the products and services, and not just on turnover derived from the product under investigation. CCI will calculate the penalty which can be up to 30% of the average relevant turnover or income, subject to the legal maximum.


      Earlier, CCI could levy a penalty only on the sales of the particular business segment that was in question.


     

     

 

     

Ministry of Corporate Affairs
The Department of Company Affairs was first constituted in 1950s.
Minister of State- Rao Inderjit Singh
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The World Bank, the Bill & Melinda Gates Foundation and the U.N children's agency UNICEF pledged nearly $600 million towards eliminating cervical cancer.

The World Bank, the Bill & Melinda Gates Foundation and the U.N children's agency UNICEF pledged nearly $600 million towards eliminating cervical cancer. The funding would go towards expanding access to vaccination, screening and treatment worldwide. That contrasts with many high-income countries that introduced the vaccine in the 2000s. The World Bank will commit $400 million over 3 years, with $180 million from the Bill & Melinda Gates Foundation and $10 million from UNICEF.


      A woman dies of cervical cancer roughly every two minutes, around 90% of them in low and middle-income countries, where access to preventative vaccines as well as screening and treatment can be very limited.


     

     

 

     

World Bank
Founded- July 1944; HQ- Washington, D.C., United States
President- Ajay Banga
__________________________________________

RBI and the Bank Indonesia signed a MoU in Mumbai for establishing a framework to promote the use of local currencies viz the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.

The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) in Mumbai for establishing a framework to promote the use of local currencies viz the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions. The MoU was signed by the Governor of Reserve Bank of India, Shaktikanta Das and the Governor of Bank Indonesia Perry Warjiyo. This collaboration marks a key milestone in strengthening bilateral cooperation between RBI and BI. The MoU on establishing a framework for cooperation in the area of cross-border transactions in local currencies between India and Indonesia, aims to promote the use of INR and IDR bilaterally.


     


     

     

 

     

Indonesia
Capital- Jakarta
President- Joko Widodo
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Former President of Sri Lanka, Gotabaya Rajapaksa has authored a book titled "The Conspiracy to Oust Me from the Presidency".

Former President of Sri Lanka, Gotabaya Rajapaksa has authored a book titled "The Conspiracy to Oust Me from the Presidency". The book delves into his firsthand experience of an internationally sponsored regime change operation that led to his removal from power. The book will be accessible in both the English and Sinhala languages ​​from leading bookstores.


     


     

     

 

     

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Japanese architect Riken Yamamoto was awarded the Pritzker Architecture Prize 2024.

Japanese architect Riken Yamamoto was awarded the Pritzker Architecture Prize 2024. Yamamoto, who became the 53rd architect to be awarded the Pritzker Architecture Prize, was recognised for his work created over a five-decade career. He becoming the 9th Japanese architect to receive such honor.


      In recent years the jury has also recognized lower-profile designers, such as Francis Kéré of West Africa (2022), Anne Lacaton and Jean-Philippe Vassal (2021) and Yvonne Farrell and Shelley McNamara (2020).


     

     

 

     

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International Women’s Day (IWD) is annually celebrated on 8th March.

International Women’s Day (IWD) is annually celebrated on 8th March, is a global day acknowledging the social, economic, cultural, and political achievements of women. The theme of International Women’s Day 2024 is ‘Invest in Women: Accelerate Progress’. The first National Women’s Day was observed in the United States on February 28, 1909, which was organized by the Socialist Party of America to commemorate the 1908 garment workers’ strike in New York, where women protested against working conditions. Later in 1910, Clara Zetkin proposed International Women’s Day at the International Women’s Conference in Copenhagen. The idea was unanimously approved, leading to the first observance in 1911 in several European countries.


      In 1977, the UN General Assembly invited member states to proclaim March 8 as the UN Day for Women’s Rights and World Peace.


     

     

 

     

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Uttar Pradesh's Chief Minister Yogi Adityanath launch the "Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)" scheme in Uttar Pradesh, aimed at nurturing entrepreneurship among the state's youth.

Uttar Pradesh's Chief Minister Yogi Adityanath launch the "Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)" scheme in Uttar Pradesh, aimed at nurturing entrepreneurship among the state's youth. This ambitious initiative reflects the government's commitment to empowering young entrepreneurs and fostering a culture of innovation and enterprise. Through MYUVA, aspiring youth will receive support and resources to kickstart their entrepreneurial ventures, thereby contributing to the economic growth and development of Uttar Pradesh. This initiative provides interest-free financing to help young people launch their entrepreneurial enterprises with projects worth up to Rs 5 lakh. To assist the scheme's implementation, a large budget of Rs 1,000 crore has been set aside for fiscal year 2024-25.


      MYUVA empowers educated and competent youth across the state by providing them with options for self-employment.


      MYUVA, with large finance and thorough preparation, intends to provide vital help to young entrepreneurs while also boosting the state's economy.

     

 

     

Uttar Pradesh
Capital- Lucknow
Chief minister- Yogi Adityanath; Governor- Anandiben Patel
__________________________________________

RBI has directed card issuers, which include authorised payment system providers, banks and non-banks not to enter into any arrangement or agreement with card networks that restrains them from availing the services of other card networks.

The Reserve Bank of India (RBI) has asked banks and non-banks to let their customers decide the authorised card network for the credit cards issued to them. This effectively means that credit card issuers, especially those with a large customer base, will have to enter into tie-ups with multiple card networks. The central bank observed that some arrangements currently existing between card networks and card issuers are not conducive to the availability of choice for customers. The directions under the aforementioned clause will be effective 6 months from the issue of the circular. The clause relating to choice of card networks for customers, however, is not applicable to credit card issuers whose active card base does not exceed 10 lakh. Further, the circular is not applicable to card issuers who issue credit cards on their own authorised card network.


      Currently, the choice of network for a card issued to a customer is decided by the card issuer (bank/non-bank).


      Now, RBI has barred card issuers from entering into any arrangement or agreement with card networks that restrains them from availing of the services of other card networks.

     

 

     

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Fairfax India Holdings Corporation has committed to provide up to USD 200 million liquidity support to IIFL Finance after the Reserve Bank of India barred the non-bank lender to disburse gold loans.

Fairfax India Holdings Corporation has committed to provide up to USD 200 million liquidity support to IIFL Finance after the Reserve Bank of India barred the non-bank lender to disburse gold loans. IIFL Finance offers a range of loans and mortgages. The latest directions from the RBI pertain to only the gold loan business.


      Fairfax India holds about 15 percent of IIFL Finance's shares.


     

     

 

     

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Indian writer Amitav Ghosh was awarded with the 'Erasmus Prize 2024' for his writing on the climate change crisis.

Indian writer Amitav Ghosh was awarded with the 'Erasmus Prize 2024' for his writing on the climate change crisis. He has been honored with the award by the Premium Erasmianum Foundation of the Netherlands. He has received this award for his passionate contribution to highlighting the global crisis of climate change through writing and on the theme of 'imagining the unimaginable'. In 2019, he was awarded an honorary doctorate from Maastricht University.


      Prince Bernhard of the Netherlands founded the Premium Erasmianum in 1958.


      This award established the Premium Erasmianum, a cultural institution active in the fields of humanities, social sciences and arts.

     

 

     

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Bank of Baroda has launched 'bob LITE Savings Account', a Lifetime Zero Balance Savings Bank Account.

Bank of Baroda has launched 'bob LITE Savings Account', a Lifetime Zero Balance Savings Bank Account. This account offers a lifetime free RuPay Platinum Debit Card for customers who maintain a nominal Quarterly Average Balance (QAB). The QAB requirements vary, with ₹3,000 for metro/urban branches, ₹2,000 for semi-urban branches, and ₹1,000 for rural branches. This debit card comes with offers and discounts on consumer brands, enhancing the account holder's overall banking experience.


     


     

     

 

     

Bank of Baroda
Founded- 1908; HQ- Vadodara, Gujarat
MD&CEO- Debadatta Chand
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RBL Bank offered GO Savings Account with zero balance feature.

RBL Bank offered GO Savings Account with zero balance feature. The comes with interest rates of up to 7.5% per annum, a premium debit card, vouchers worth ₹1,500 for premier brands, comprehensive cyber insurance cover, accident and travel insurance up to ₹1 crore, free CIBIL report, and other premium banking services. These features are bundled into a single package at first year subscription fee of ₹1,999 + taxes and annual renewal fee thereafter of ₹599 + taxes. To qualify for the high interest rates of up to 7.5% per annum, customers must meet specific criteria, such as maintaining a minimum balance or fulfilling transaction thresholds.


     


     

     

 

     

RBL Bank
Founded- 1943; HQ- Mumbai
MD&CEO- R Subramaniakumar
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Belgian and Dutch racing driver, Max Verstappen won the season-opening Formula 1 Bahrain Grand Prix 2024.

Belgian and Dutch racing driver, Max Verstappen won the season-opening Formula 1 Bahrain Grand Prix 2024 at the Bahrain International Circuit in Sakhir, Bahrain. First place, Red Bull driver Max Verstappen of the Netherlands, with second place, Red Bull driver Sergio Perez of Mexico, left, and third place, Ferrari driver Carlos Sainz of Spain. Bahrain was the eighth win in a row for Verstappen going back to last September. He set an F1 record of 10 consecutive wins last season. Russell was fifth, Lando Norris sixth for McLaren, and seven-time champion Lewis Hamilton seventh after an uneventful race in the second Mercedes.


     


     

     

 

     

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Prime Minister Narendra Modi virtually laid the foundation stone and dedicated to the nation multiple development projects of Rs17,000 crore across Madhya Pradesh.

Prime Minister Narendra Modi virtually laid the foundation stone and dedicated to the nation multiple development projects of Rs17,000 crore across Madhya Pradesh. The projects cater to several important sectors including irrigation, power, road, rail, water supply, coal, and industry, among others. The Prime Minister also launched the Cyber Tehsil project in Madhya Pradesh. The Prime Minister laid the foundation stone of irrigation projects worth more than 5500 crores in Madhya Pradesh. These projects include the Upper Narmada Project, the Raghavpur Multipurpose Project, and the Basaniya Multipurpose Project. The Prime Minister also dedicated to the nation three railway projects constructed at a cost of more than Rs2200 crore. These include the project for the third line in Virangana Lakshmibai Jhansi - Jakhlaun & Dhaura - Agasod route, Gauge conversion in the New Sumaoli-Jora Alapur railway line and Powarkheda-Jujharpur rail line flyover. Prime Minister laid the foundation stone for 6 substations located in Panna, Raisen, Chhindwara and Narmadapuram districts. These substations will benefit the people of the region in 11 districts of the State, namely Bhopal, Panna, Raisen, Chhindwara, Narmadapuram, Vidisha, Sagar, Damoh, Chhatarpur, Harda and Sehore. The Prime Minister also laid the foundation stone for various projects worth about 880 crores under AMRUT 2.0 and dedicated the nation to the project for augmenting the water supply in Khargone.


     


     

     

 

     

Madhya Pradesh
Capital- Bhopal
CM- Dr. Mohan Yadav; Governor- Mangubhai C. Patel
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Union Steel Minister Jyotiraditya Scindia virtually inaugurated India's 1st Green Hydrogen Plant in the Stainless Steel Sector at Jindal Stainless Limited, Hisar, Haryana.

Union Steel Minister Jyotiraditya Scindia virtually inaugurated India's 1st Green Hydrogen Plant in the Stainless Steel Sector at Jindal Stainless Limited, Hisar, Haryana. This plant will be the world’s first off-grid Green Hydrogen plant for the stainless steel industry and the world’s first Green Hydrogen plant with rooftop and floating solar. This project will reduce carbon emissions by around two thousand 700 Metric Tonnes per annum and 54 thousand tons of carbon dioxide emissions over the next two decades.


      The National Green Hydrogen Mission was launched in 2023 with an outlay of around Rs20,000 crore to make India a Global Hub for the production, usage and export of Green Hydrogen and its derivatives.


     

     

 

     

Haryana
Capital- Chandigarh
Governor- Bandaru Dattatreya; CM- Manohar Lal Khattar
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The Ministry of Statistics and Programme Implementation (MoSPI) has signed an MoU with National Remote Sensing Centre (NRSC) under ISRO to digitalise Urban Frame Survey (UFS) using the Bhuvan Platform.

The Ministry of Statistics and Programme Implementation (MoSPI) has signed an MoU with National Remote Sensing Centre (NRSC) under ISRO to digitalise Urban Frame Survey (UFS) using the Bhuvan Platform. This collaboration is aimed at transforming Urban Frame Survey (UFS) from analogue to digital mode and help MoSPI to achieve the targets of updating urban frame regularly in a timely manner. NSSO (FOD) under MoSPI has entered into MoU with NRSC under the Indian Space Research Organization (ISRO) to facilitate UFS in a digital mode using the Geo ICT tools and techniques of Bhuvan Platform. The agreement covers development/ improvement of mobile application for geo-tagging of NSSO UFS data, web portal for visualisation, system generated scrutiny, editing, etc of data submitted through mobile application, and others. The MoU was signed by Subash Chandra Malik, Additional Director General at NSSO, and Srinivasa Rao S, Deputy Director, BGWSA, NRSC, in the presence of other senior officials.


     


     

     

 

     

National Remote Sensing Centre (NRSC)
HQ- Hyderabad, Telangana
Director- Dr. Prakash Chauhan
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The Ministry of Earth Sciences (MoES) hosted the 1st ‘Blue Talks’ meeting in New Delhi, which was co-chaired by the Secretary, MoES Dr M. Ravichandran.

The Ministry of Earth Sciences (MoES) hosted the 1st ‘Blue Talks’ meeting in New Delhi. The meeting was co-partnered by the Embassy of France and Embassy of Costa Rica in India. More than 50 participants from government, academia and research institutes witnessed the in-person, high level deliberations on matters related to ‘Ocean Health and Governance’. The meeting was jointly co-chaired by the Secretary, MoES Dr M. Ravichandran, along with the Ambassador of France to India, Mr Thierry Mathou, and Costa Rica Chargée d'affaires, Ms Sofia Salas Monge. This meeting is a forerunner to the upcoming High-Level Event on Ocean Action (HLEOA) event ‘Immersed in Change’ scheduled to be held on 7th-8th June 2024 in San Jose, Costa Rica. The 2-hour meeting comprised of three sections. In the first session the Costa Rican embassy showcased a movie on the purpose of the upcoming ‘HLEOA’ event. The second session comprised of three technical talks on different themes, followed by the open discussion session on Ocean matters. The last concluding session summarized the key recommendations and way forward for the future ocean event.


      On a larger perspective, ‘HLEOA’ is a precursor event to gather recommendations and visions for the upcoming United Nations Ocean Conference (UNOC3).


      Further, MoES, India has been recognized as a lead partner for the upcoming Ocean Conference in Nice, in 2025.

     

 

     

Ministry of Earth Sciences
Agency executive- Dr. M. Ravichandran
Headed by- Kiren Rijiju
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During the year 2023-24, there in an increase of 27% in terms of farmers enrolled under the Pradhan Mantri Fasal Bima Yojana (PMFBY) so far.

In past 8 Years of implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) – 56.80 crore farmer applications have been enrolled and over 23.22 crore farmer applicants received claims. During this period, nearly Rs31,139 crore were paid by farmers as their share of premium against which claims of over Rs1,55,977 crore have been paid to them. Thus, for every 100 rupees of premium paid by farmers, they have received about Rs500 as claims. The number of farmer applications has grown 33.4% and 41% year-on-year during 2021-22 and 2022-23, respectively. Further, during the year 2023-24, there in an increase of 27% in terms of farmers enrolled under the scheme so far. Also 42% of total farmers insured under the scheme in FY 2023-24 are non-loanee farmers. The major improvements made include making the scheme voluntary for all farmers, compulsory use of at least 0.5% of the gross premium collected by insurance companies for Information, Education and Communication (IEC) activities.


      Pradhan Mantri Fasal Bima Yojana (PMFBY) is a demand driven scheme and is voluntary for the States as well as farmers.


      The third largest insurance scheme globally in terms of premium, the PM Fasal Bima Yojana launched in 2016, shields farmers from crop loss or damage arising out of unforeseen events.

      PMBFY is a Central Sector Scheme, therefore, no State/UT-wise allocation and release is made under the scheme.

 

     

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Government Notified of Rules framed under Section 49M of the Wild Life (Protection) Act, 1972 (as amended in 2022).

The Wild Life (Protection) Act, 1972 (53 of 1972), provides the legal framework for the protection of various species of wild animals, management of their habitat and also for the regulation and control of trade in the products derived from various parts of wild animals. Section 49 M of the Act provides for registration of possession, transfer and birth and reporting of death of living scheduled animal species which are listed in the Appendices of CITES and as such listed in the Schedule IV of the Wild Life (Protection) Act, 1972. The Act was last amended in 2022. The Ministry of Environment, Forest and Climate Change has notified the Rules for the purposes of Section 49 M vide Gazette Notification dated 28th February 2024.


      The Wild life (Protection) Amendment Act, 2022 has come into force since 1st April 2023.


     

     

 

     

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Punjab National Bank (PNB) has partnered with online travel tech platform EaseMyTrip to launch a co-branded travel credit card “PNB EMT Credit Card”.

Punjab National Bank (PNB) has partnered with online travel tech platform EaseMyTrip to launch a co-branded travel credit card “PNB EMT Credit Card”. This co-branded travel credit card is aimed at mass to premium segments. Users can earn rewards in a variety of categories, including flights, hotels, and holiday packages. Furthermore, this new credit card includes a wallet for contactless payments. PNB EMT credit card comes with an annual membership fee of Rs2000 and can be used across 100 countries. With a joining fee of Rs2,000, this card offers many benefits like free lounge access, cashback, and discounts on EaseMyTrip bookings. The renewal fee waiver is applicable on achieving annual spend milestone of Rs1 lakh in the preceding year.


     


     

     

 

     

Punjab National Bank
Established- 1894; HQ- New Delhi
MD&CEO- Atul Kumar Goel
__________________________________________

Foreign direct investment (FDI) inflows in India declined 13% to USD 32.03 billion in April-December 2023.

As per data from the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign direct investment (FDI) inflows in India declined 13% to USD 32.03 billion in April-December 2023. This is dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors. FDI inflows stood at USD 36.74 billion during the corresponding nine months of the preceding fiscal. Inflows during the October-December quarter of the current fiscal, however, rose by 18% to USD 11.6 billion as against USD 9.83 billion during the same quarter of 2022-23. The total FDI, which includes equity inflows, reinvested earnings and other capital — declined by about 7% to USD 51.5 billion during the period under review against USD 55.27 billion in April-December 2022.


     


     

     

 

     

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The Competition Commission of India (CCI) has approval to Ring Plus Aqua Limited (RPAL) proposed acquisition of 59.25% shareholding in Maini Precision Products Limited (MPPL).

The Competition Commission of India (CCI) has approval to Ring Plus Aqua Limited (RPAL) proposed acquisition of 59.25% shareholding in Maini Precision Products Limited (MPPL). MPPL is engaged in manufacturing precision products for different industries and manufactures products based on the design requirements of its customers. The proposed combination inter alia envisages the acquisition of 59.25% shareholding in MPPL by RPAL, the acquisition of the entire shareholding of JK Files & Engineering Limited in JK Talabot Limited by a wholly owned subsidiary of Raymond Limited and merger of RPAL, MPPL and the engineering business of JK Files into the New Company.


     


     

     

 

     

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The Indian Navy commissioned INS Jatayu, at Minicoy island in the Lakshadweep Islands, its second base in Lakshadweep after INS Dweeprakshak in Kavaratti.

The Indian Navy commissioned INS Jatayu, at Minicoy island in the Lakshadweep Islands, its second base in Lakshadweep after INS Dweeprakshak in Kavaratti. Commander Vrat Baghel, the first commanding officer of the unit took charge of the INS Jatayu that will play a significant role in operational surveillance and reduce the navy’s turnaround time in the western seaboard. The commissioning ceremony was presided over by the Chief of the Naval Staff Admiral R Hari Kumar. INS Jatayu straddles over two important sea lanes of communication – the 8 degree channel between Minicoy and Maldives, and the 9 degree channel between Minicoy and the main cluster of Lakshadweep island.


      The Navy commissioned its first MH-60R multi-role helicopter squadron INAS 334 ‘Seahawks’ at Kochi.


      New Delhi had signed an agreement with Washington to buy 24 of these choppers and 6 have been delivered so far.

      The first first MH-60R Indian Naval Air Squadron will be commanded by Captain M Abhisheik Ram.

 

     

Indian Navy
Founded- 26 January 1950; HQ- New Delhi
Chief of the Naval Staff (CNS)- Admiral R. Hari Kumar
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C-17 transport aircraft of the Indian Air Force airdropped an indigenously developed heavy platform that can carry a maximum load of over 22 tonnes.

C-17 transport aircraft of the Indian Air Force airdropped an indigenously developed heavy platform that can carry a maximum load of over 22 tonnes. An extra-long and heavy platform, indigenously developed by ADRDE & capable of carrying approximately 45000 Lbs of load, was successfully air-dropped during trials from an IAF C-17 aircraft. According to the Indian Air Force, capable of carrying multiple such platforms, the combat capabilities of C-17 aircraft will be further enhanced in its varied missions to air-deliver critical loads to troops on the ground.


      The Aerial Delivery Research and Development Establishment (ADRDE) is a premier defence research laboratory.


     

     

 

     

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The 1989-batch IAS officer Brajesh Mehrotra was appointed as new chief secretary of Bihar with effect from 4th March 2024.

The 1989-batch IAS officer Brajesh Mehrotra was appointed as new chief secretary of Bihar with effect from 4th March 2024. He replacing Amir Subhani (1987-batch) who has applied for voluntary retirement from the government job to enable his appointment as the chairperson of a state-level commission. Mehrotra's distinguished career includes serving as the additional chief secretary of revenue and land reforms, chief information commissioner, and holding additional responsibilities in general administration and parliamentary affairs, showcasing his multifaceted expertise.


     


     

     

 

     

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7th March 2024 marked the observance of 6th Jan Aushadhi Diwas.

The Jan Aushadhi Diwas (Generic Medicine Day) is annually observed across India on 7th March to create awareness about the importance of Generic Medicines and to highlight the benefits of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP). On this day, medical experts, such as doctors, nurses and pharmacists, meet to discuss the Jan Aushadhi Pariyojana. The government has set a target to increase the number of Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) to 10,500 by March 2025. Each year, the first week of March witnesses the observance of 'Jan Aushadhi Saptah' or Generic Medicine Week. The inception of Jan Aushadi Diwas traced back to March 7, 2019. 7th March 2024 marked the observance of 6th Jan Aushadhi Diwas.


      In 2008, the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) was launched by the Ministry of Chemicals and Fertilizers.


     

     

 

     

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Bureau of Energy Efficiency (BEE), under the Ministry of Power, celebrated its 22nd Foundation Day on 1st March 2024 under the theme “Energy Transition through Electrification and Decarbonization in lndia”.

Bureau of Energy Efficiency (BEE), under the Ministry of Power, celebrated its 22nd Foundation Day on 1st March 2024 under the theme “Energy Transition through Electrification and Decarbonization in lndia”. On the occasion, the Union Power and New & Renewable Energy Minister launched two of BEE’s Standards and Labeling Programs, one for Packaged Boilers and the other for Commercial Beverage Coolers, also known as Visi Coolers. He also released the inaugural edition of India EV Digest and the 5th edition of State Energy Efficiency Index. On the occasion, a Standards and Labeling Program for Packaged Boilers has been launched, to improve the energy efficiency of packaged boilers and facilitate consumers make informed choices. Packaged Boiler is a factory-made ready-to- use boiler, used for requirement of steam and hot water for all process industries. One star to five star will be awarded to each packaged boiler based on its thermal efficiency on the Net Calorific Value (NCV) basis in %, with 1-star being the minimum energy performance level. The program is being launched under voluntary phase, valid up to 31st December, 2026. The Minister also inaugurated and visited the e-cooking exhibition.


      BEE has helped India reduce its energy consumption by around 3.5%.


     

     

 

     

Ministry of Power
Union Minister- R. K. Singh
State Minister- Krishan Pal
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The 'Project ODISERV', was launched by the Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan at Gangadhar Meher University (GMU) in Sambalpur, Odisha.

The 'Project ODISERV', was launched by the Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan at Gangadhar Meher University (GMU) in Sambalpur, Odisha. The project aims to impart knowledge and skills to graduates through Bajaj Finserv’s Certificate Programme for Banking Finance & Insurance (CPBFI) programme. The total duration of the training programme will be 100 hours, during which youth from tier-II and tier-III cities are trained for employment in the financial services sector. Project ODISERV will empower the youth of the country, make them more employable and fulfil their aspirations. 1100 students in Odisha have already been trained under Project ODISERV and a few of them have also received job offers. 60 colleges of Odisha across 11 cities and 10 districts are expected to be a part of the launch of the 100-hour training programme.


      Project Odiserv is the inaugural skill development initiative, following the partnership announced by NSDC and Bajaj Finserv in December 2023.


     

     

 

     

Odisha (formerly Orissa)
Capital- Bhubaneswar
Chief minister- Naveen Patnaik
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10 Products from 8 States got Geographical Indication (GI) Tag.

10 Products from 8 States got Geographical Indication Tag. Which are: The traditional Majuli masks in Assam were given a Geographical Indication (GI) tag by the Centre. Majuli manuscript painting also got the GI label. Majuli, the largest river island in the world and the seat of Assam’s neo-Vaishnavite tradition, has been home to the art of mask-making since the 16th century. Ratlam Riyawan Lahsun (Garlic), a variety named after Riyawan village in Ratlam district of Madhya Pradesh also bagged the GI tag. The Odisha's renowned Cuttack Rupa Tarakasi, a silver filigree art form that epitomizes fine craftsmanship and opulence in classical jewellery, has been honored with the GI tag by the Geographical Indications Registry in Chennai. Gujarat's Ambaji White Marble and Kutch Rogan Craft has been honored with the GI tag. Ambaji Superior White Marble is a type of Indian marble that has a pure white color with light gray veins running through it. The Hyderabad Lac Bangles have been granted registration with the Registrar of Geographical Indications. Tripura Risa Textile got Geographical Indications tag. Banglar muslin got Geographical Indications tag. Banglar muslin is a traditional handloom craft from Bengal that is very popular. Lace crochet of Narsapur got Geographical Indications tag. Narsapur, a town located in the West Godavari region of Andhra Pradesh, is renowned for its excellent crochet craft skills.


      A GI tag is conferred upon products originating from a specific geographical region, signifying unique characteristics and qualities. Essentially, it serves as a trademark in the international market.


     

     

 

     

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Union Minister for Consumer Affairs, Food & Public Distribution Piyush Goyal launched the 'e-Kisan Upaj Nidhi' (Digital Gateway), online digital platform of the Warehousing Development and Regulatory Authority (WDRA).

Union Minister for Consumer Affairs, Food & Public Distribution Piyush Goyal launched the 'e-Kisan Upaj Nidhi' (Digital Gateway), online digital platform of the Warehousing Development and Regulatory Authority (WDRA). The ‘e-Kisan Upaj Nidhi’ initiative will ease the farmers’ warehousing logistics with the help of technology and aid the farmers in receiving fair prices for their produce. The initiative with its simplified digital process can ease the procedure of farmers' storage at any registered WDRA warehouse. In a ceremony held in New Delhi, Goyal articulated his vision for the agriculture sector as the cornerstone for India's journey towards becoming 'Viksit Bharat' by 2047. The security deposit charges at WDRA registered warehouses will soon be reduced to encourage more farmers, especially small farmers, to utilise the warehouses and enhance their income. The farmers stocking their produce at these warehouses would need to pay only one percent security deposit instead of the earlier three percent.


     


     

     

 

     

Warehousing Development and Regulatory Authority (WDRA)
HQ- New Delhi
Chairman- T. K. Manoj Kumar
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Minister of Communications, Railway, and Electronics & Information Technology Ashwini Vaishnaw launched the Department of Telecommunications (DoT)’s ‘Digital Intelligence Platform (DIP)’ and ‘Chakshu (चक्षु)’, a pioneering initiative empowering citizens to proactively report suspected fraud communication.

Minister of Communications, Railway, and Electronics & Information Technology Ashwini Vaishnaw launched the Department of Telecommunications (DoT)’s ‘Digital Intelligence Platform (DIP)’ and ‘Chakshu (चक्षु)’, a pioneering initiative empowering citizens to proactively report suspected fraud communication. “Sanchar Saathi” portal has helped successfully tackle such attacks. The two portals- DIP and Chakshu, these tools will further appreciably enhance the capacity and ability to check any kind of cyber security threat. Digital Intelligence Platform (DIP) developed by the Department of Telecommunications is a secure and integrated platform for real time intelligence sharing, information exchange and coordination among the stakeholders. Chakshu (चक्षु) is the latest addition to the citizen centric facilities already available on the Sanchar Saathi portal of DoT. This facilitates citizens to report suspected fraud communication received over call, SMS or WhatsApp with the intention of defrauding like KYC expiry or update of bank account/payment wallet/SIM/gas connection/electricity connection, sextortion, impersonation.


      The government has been persistently making efforts to check cyber-frauds under the secure India project, at three levels- National, Organisational and Individual.


      In case, a citizen is already a victim of cyber-crime or financial fraud, it is advised to report at cyber-crime helpline number 1930 or website https://www.cybercrime.gov.in of Government of India.

     

 

     

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Minister of State for Communications Devusinh Chauhan participated in the event related to the completion of the second Phase of Dak Karmayogi project and launched 25 new courses under it in New Delhi.

Minister of State for Communications Devusinh Chauhan participated in the event related to the completion of the second Phase of Dak Karmayogi project and launched 25 new courses under it in New Delhi. The Dak Karmayogi is an e-learning platform to enhance the competencies of about four lakh Gramin Dak Sevaks and Postal Department employees. The postal department is providing services to the people by adopting new technologies. He also lauded the postal department employees for their relentless work during the COVID-19 period. Shri Shyama Prasad Roy, Secretary, Capacity Building Commission (CBC), delivered insightful addresses, reaffirming the commitment to inclusive growth and continuous learning within the Department of Posts.


     


     

     

 

     

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India's ranked improved to 113 out of 190 countries in the World Bank’s Women, Business and Law index, according to the 10th edition of Women, Business, and the Law (WBL) 2024 report released by the World Bank Group.

India's ranked improved to 113 out of 190 countries in the World Bank’s Women, Business and Law index, according to the 10th edition of Women, Business, and the Law (WBL) 2024 report released by the World Bank Group. The index measures the gender gap for women in the workplace. Over the years, India’s score has remained constant at 74.4%, whereas a total of 14 countries around the world, including Denmark, Canada, and Finland, score a perfect 100 in the legal framework score. Some of the less developed countries like Ethiopia, Namibia, and even Burundi have better scores than India. Only 54.2% of the supportive frameworks needed were established in the country, the report revealed, although the global weightage in this regard was much lower at 39.5%. Furthermore, no economy has achieved complete legal equality for women. Women spend an average of 2.4 more hours a day on unpaid care work than men—much of it on the care of children.


     


     

     

 

     

World Bank
Founded- July 1944; HQ- Washington, D.C., United States
President- Ajay Banga
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World Bank has approved new programme of $452 million loan to support Assam to improve connectivity for over 1.8 million people living in rural areas.

World Bank has approved new programme of $452 million loan to support Assam to improve connectivity for over 1.8 million people living in rural areas. USD 452 million Assam Resilient Rural Bridges Program is aimed at strengthening the resilience and management of roads and bridges to help people living in 1,739 villages gain round-the-year access to wholesale markets, schools, hospitals, and places of work. The $452 million Programme loan from the International Bank of Reconstruction and Development (IBRD) will use the financing instruments of Program-for-Results and Investment Project Financing to link disbursement of funds directly to the achievement of results while providing technical assistance. The Program will also connect almost 633,000 women-led textile and handicraft producers living within 2 km of roads or collection points. The World Bank loan has a maturity of 19 years with a grace period of 4.5 years.


     


     

     

 

     

International Bank for Reconstruction and Development (IBRD)
Parent organization- World Bank
Founded- 1944
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REC Limited has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children of Siddharthnagar district, Uttar Pradesh.

REC Limited has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children of Siddharthnagar district, Uttar Pradesh. REC has entered into this partnership through its Corporate Social Responsibility arm REC Foundation. REC has committed a financial assistance of Rs9.91 crores towards this noble cause. The Memorandum of Agreement (MoA) between REC Foundation and UNISED has been signed during a ceremony held in New Delhi. The agreement was finalized by Head of CSR at REC Foundation, Bhupesh Chandolia and Assistant Programme Director at UNISED, Rashmi Kumari, thus helping solidify UNISED’s commitment to improving educational opportunities for underprivileged children. As part of this collaboration, UNISED will implement solar energy-operated smart classes and establish joyful learning resource labs in government schools across Siddharthnagar district.


      REC Foundation, has demonstrated unwavering support for the education of 12,500 children of ex-servicemen, making a contribution of Rs15 Crores to the Armed Forces Flag Day Fund.


      REC is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Power, and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC).

      The loan book of REC stands at Rs4.97 Lakh Crores and Net Worth at Rs64,787 crores as on 31st December, 2023.

 

     

REC Limited
Founded- July 1969
HQ- New Delhi
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The Reserve Bank of India (RBI) barred JM Financial Products Ltd (JMFPL) from financing against shares and debentures, including sanction and disbursal of loans against initial public offering (IPO) of shares with immediate effect.

The Reserve Bank of India (RBI) barred JM Financial Products Ltd (JMFPL) from financing against shares and debentures, including sanction and disbursal of loans against initial public offering (IPO) of shares with immediate effect. The action was necessitated due to certain serious deficiencies observed in respect of loans sanctioned by JMFPL, is a systemically important non-deposit taking non-banking financial company (NBFC) for IPO financing as well as non-convertible debentures (NCD) subscriptions. The RBI carried out a limited review of the books of the company on the basis of the information shared by the Securities and Exchange Board of India (SEBI). The business restrictions imposed on JMFPL will be reviewed upon the completion of a special audit to be instituted by the RBI and after rectification of the deficiencies to the satisfaction of RBI.


     


     

     

 

     

JM Financial Products Limited
Founded- 1984
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Global rating agency Moody's raised India's GDP growth projection for 2024 calendar year to 6.8%, up from the 6.1% earlier.

Global rating agency Moody's raised India's GDP growth projection for 2024 calendar year to 6.8%, up from the 6.1% earlier. The increase in estimate was attributed to India's robust economic performance in 2023 and diminishing global economic challenges. Surpassing the analysts' expectations of 6.6 percent, India's economy grew 8.4 percent during the October-December quarter. However, the gross value added (GVA), which is a measure of the total value of goods and services produced in the economy and excludes indirect taxes and subsidies, grew 6.5 percent. This year's interim budget targets capital expenditure allocation of Rs11.1 lakh crore or 3.4 percent of GDP in 2024-25 (fiscal year 2025), 16.9 percent above the 2023-24 estimates.


      India's GDP growth is estimated at 7.6% for the year ending March 31, 2024.


      For 2025, the GDP growth is estimated at 6.4%.

     

 

     

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NTPC Green Energy Limited has signed a joint venture agreement (JVA) with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable power parks and projects in Uttar Pradesh.

NTPC Green Energy Limited has signed a joint venture agreement (JVA) with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable power parks and projects in Uttar Pradesh. The renewable energy (RE) power generated from the proposed joint venture company (JVC) will meet the Renewable Generation Obligation (RGO) of Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL).


      NGEL is a wholly-owned subsidiary of state-owned power giant NTPC with an operational capacity of over 3.4 GW and 26 GW in the pipeline, including 7 GW under implementation.


     

     

 

     

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Mian Muhammad Shehbaz Sharif took oath his second term as Pakistan's prime minister.

Mian Muhammad Shehbaz Sharif took oath his second term as Pakistan's prime minister. Shehbaz's party Pakistan Muslim League-Nawaz (PML-N) will lead a coalition government with Bilawal Bhutto Zardari's Pakistan People's Party (PPP) as a key partner. The development comes despite former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI)-backed independents emerging as the largest number of winners, followed by PML-N and PPP. Shehbaz has earlier led a coalition government for 16 months till August 2023. Shehbaz Sharif is a Pakistani politician and businessman who is currently Prime Minister-elect of Pakistan. Previously, he served as the 23rd prime minister of Pakistan, in office from April 2022 to August 2023. He is the president of the Pakistan Muslim League.


     


     

     

 

     

Pakistan
Capital- Islamabad
President- Arif Alvi
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International Day for Disarmament and Non-Proliferation Awareness is annually observed on 5th March to promote public awareness, particularly among youth, about the importance of disarmament.

International Day for Disarmament and Non-Proliferation Awareness is annually observed on 5th March to promote public awareness, particularly among youth, about the importance of disarmament. On 7 December 2022, the United Nations General Assembly adopted a resolution for. Declared 5 March every year as "International Disarmament and Non-Proliferation Awareness Day". The first International Day for Disarmament and Non-Proliferation Awareness was observed on 5 March 2023. 5th March 2024 mark the observance of the second International Day for Disarmament and Non-Proliferation Awareness.


     


     

     

 

     

United Nations Office for Disarmament Affairs (UNODA)
Under-Secretary-General and High Representative- Ms. Izumi Nakamitsu
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Hungary's parliament elected Constitutional Court chief Tamas Sulyok as the country's next president.

Hungary's parliament elected Constitutional Court chief Tamas Sulyok as the country's next president. Tamás Sulyok is a Hungarian lawyer who is serving as President of Hungary since 2024. He was the president of the Constitutional Court from 2016 until 2024. He was the Fidesz–KDNP candidate for the 2024 presidential election. Sulyok was nominated by the ruling coalition holding 135 out of 199 seats in Hungary’s parliament. All the pro-government lawmakers voted in favor of Sulyok, thus ensuring his victory in the first round of voting.


     


     

     

 

     

Hungary
Capital- Budapest
Prime minister- Viktor Orbán
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Carved out of Lower Subansiri, Keyi Panyor became the 26th district of Arunachal Pradesh.

Carved out of Lower Subansiri, Keyi Panyor became the 26th district of Arunachal Pradesh. The new district, which was being demanded by the people of the Nyishi community for long, will have its headquarters at Ter Gapin-Sam Sarth. On 8th February 2024, the state assembly passed the Arunachal Pradesh (Re-Organization of Districts) (Amendment) Bill, 2024, paving the way for the creation of two new districts — Keyi Panyor and Bichom. Arunachal Chief Minister Pema Khandu, in presence of the Union Minister of Earth Sciences from Arunachal Pradesh, Shri Kiren Rijiju, inaugurated state’s newly created district Keyi Panyor, at the General Ground Divisional Commissioner, Yachuli, Lower Subansiri District.


     


     

     

 

     

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Shri Rajendra Prasad Goyal, Director (Finance), NHPC Limited has assumed the additional charge of the post of Chairman and Managing Director, NHPC Limited with effect from 1st March 2024.

Shri Rajendra Prasad Goyal, Director (Finance), NHPC Limited has assumed the additional charge of the post of Chairman and Managing Director, NHPC Limited with effect from 1st March 2024. He joined NHPC on 18th November 1988 as Finance Professional. He is a member of the Institute of Cost Accountants of India. He is also a member of Executive Board of Standing Conference of Public Enterprises (SCOPE), New Delhi. He has proved himself as an outstanding Finance professional and has made his mark in the sustained progress of NHPC.


     


     

     

 

     

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Canada’s 18th Prime Minister Martin Brian Mulroney passed away at the age of 84 in Florida, USA.

Canada’s 18th Prime Minister Martin Brian Mulroney passed away at the age of 84 in Florida, USA. Martin Brian Mulroney PC CC GOQ was a Canadian lawyer, businessman, and politician who served as the 18th prime minister of Canada from 1984 to 1993. After placing third in the 1976 Progressive Conservative leadership election, he was appointed president of the Iron Ore Company of Canada in 1977. He held that post until 1983, when he successfully became leader of the Progressive Conservatives. Mulroney's tenure as prime minister was marked by the introduction of major economic reforms.


     


     

     

 

     

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Former Uttar Pradesh Governor and senior Congress leader Aziz Qureshi passed away at the age of 83 in Bhopal.

Former Uttar Pradesh Governor and senior Congress leader Aziz Qureshi passed away at the age of 83 in Bhopal. He had served as the governor of Uttarakhand, Uttar Pradesh and Mizoram. He was first elected as an MLA in 1972 from Sehore seat in Madhya Pradesh and became a Lok Sabha member in 1984. He was a cabinet minister in the P C Sethi government in Madhya Pradesh in 1973. Qureshi was appointed the President of Madhya Pradesh Urdu Academy by the then Kamal Nath government of Madhya Pradesh on 24 January 2020.


     


     

     

 

     

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World Day of Fight Against Sexual Exploitation is celebrated every year on 4th March to unite the world to take a stand against all forms of sexual exploitation.

World Day of Fight Against Sexual Exploitation is celebrated every year on 4th March to unite the world to take a stand against all forms of sexual exploitation. Since 2009, March 4th has been designated World Day of the Fight Against Sexual Exploitation. UNICEF estimated that over three million children worldwide are concerned by prostitution, and the International Labour Organization estimates that a million people are trafficked every year for purposes of sexual exploitation. The United Nations General Assembly designates July 30 as World Day against Trafficking in Persons.


     


     

     

 

     

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World Obesity Day is annually observed on 4th March with the aim of changing perspectives on obesity, correcting misconceptions, ending stigmas and raising awareness on this medical condition.

World Obesity Day is annually observed on 4th March with the aim of changing perspectives on obesity, correcting misconceptions, ending stigmas and raising awareness on this medical condition. The day was convened by the World Obesity Federation in collaboration with its global members and was first observed in 2015 as an annual campaign. The theme of World Obesity Day 2024 is “Let's Talk About Obesity and...”


      World Obesity Day was observed for the first time in 2015. It was initiated by the World Obesity Federation, a non-profit organization closely collaborating with the WHO and the Lancet Commission on Obesity.


     

     

 

     

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Prime Minister Narendra Modi visited Kerala, Tamil Nadu, and Maharashtra, where he inaugurated and laid the foundation stone of several developmental projects.

Prime Minister Narendra Modi visited Kerala, Tamil Nadu, and Maharashtra, where he inaugurated and laid the foundation stone of several developmental projects. PM Narendra Modi visit Vikram Sarabhai Space Center (VSSC) at Thiruvananthapuram in Kerala. He inaugurated three key space infrastructure projects - PSLV Integration Facility (PIF) at the Satish Dhawan Space Centre, Sriharikota; the new ‘Semi-cryogenics Integrated Engine and Stage Test facility’ at ISRO Propulsion Complex at Mahendragiri; and ‘Trisonic Wind Tunnel’ at VSSC, Thiruvananthapuram. The three projects, providing world-class technical facilities for the space sector, have been developed at a cumulative cost of about ₹1,800 crore. He also review the progress of the Gaganyaan Mission and bestow ‘astronaut wings’ to the astronaut-designates. He participate in the programme ‘Creating the Future – Digital Mobility for Automotive MSME Entrepreneurs’ in Madurai. He launch two major initiatives designed to support and uplift MSMEs in the Indian automotive industry, the TVS Open Mobility Platform and the TVS Mobility-CII Centre of Excellence. He laid the foundation stone of multiple infrastructure projects worth more than ₹17,300 crore in Thoothukudi, Tamil Nadu. He laid the foundation stone of the Outer Harbor Container Terminal at V.O.Chidambaranar Port. He also dedicate tourist facilities in 75 lighthouses across ten states and union territories. He dedicate rail projects for doubling of Vanchi Maniyachchi - Nagercoil rail line, developed at a cost of ₹1,477 crore. He also dedicate four road projects in Tamil Nadu, developed at a total cost of about ₹4,586 Crore.


      PM disburse the second and third instalments of ‘Namo Shetkari MahaSanman Nidhi’, worth about ₹3,800 crore which will benefit around 88 lakh beneficiary farmers across Maharashtra.


      He also disburse ₹825 crore of Revolving Fund to 5.5 lakh women Self Help Groups (SHGs) across the state.

     

 

     

Maharashtra
Chief minister- Eknath Shinde
Governor- Ramesh Bais
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Raksha Mantri Rajnath Singh launched Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies, during DefConnect 2024 in New Delhi on 4th March 2024.

Raksha Mantri Rajnath Singh launched Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies, during DefConnect 2024 in New Delhi on 4th March 2024. Under the scheme, start-ups are eligible to receive grant-in-aid of up to Rs25 crore for their research, development, and innovation endeavours in defence technology. The scheme will nurture the innovation of youth, and help the country leap forward in the field of technology. It aims to develop about 30 deep-tech critical and strategic technologies in the proposed timeframe. In the first edition of ADITI, 17 challenges – Indian Army (3), Indian Navy (5), Indian Air Force (5) and Defence Space Agency (4) - have been launched.


      The ADITI scheme worth Rs750 crore for the period 2023-24 to 2025-26 falls under the iDEX (Innovations for Defence Excellence) framework of Department of Defence Production (DDP), Ministry of Defence.


      The event also witnessed the launch of the 11th edition of Defence India Start-up Challenge (DISC), heralding a new chapter in the collaboration between the defence establishment and the start-up ecosystem.

      The DISC 11 introduces 22 problem statements - Indian Army (4), Indian Navy (5), Indian Air Force (5), Armoured Vehicles Nigam Limited (7) and Hindustan Shipyard Limited (1).

 

     

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Ministry of Defence has signed a tripartite Memorandum of Understanding with BEML Limited, Bharat Electronics Limited and Mishra Dhatu Nigam Limited for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications.

Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications. The MoU was inked with Chairman & Managing Director, BEML Limited Shantanu Roy, CMD, MIDHANI Dr SK Jha and CMD, BEL Bhanu Prakash Srivastava, in the presence of Defence Secretary Shri Giridhar Aramane in New Delhi on March 04, 2024. This collaborative initiative will focus on leveraging indigenous capabilities to design, test, and manufacture an Advanced Fuelling and Control System that offers enhanced efficiency, performance, and reliability.


     


     

     

 

     

Mishra Dhatu Nigam Limited (MIDHANI)
Founded- 1973
Chairman & MD- Sanjay Kumar Jha
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According to a report 'Status of Leopards in India' released by the Union Ministry for Environment, Forest and Climate Change, India’s leopard numbers rose by 8% from 12,852 in 2018 to 13,874 in 2022.

According to a report 'Status of Leopards in India' released by the Union Ministry for Environment, Forest and Climate Change, India’s leopard numbers rose by 8% from 12,852 in 2018 to 13,874 in 2022. This is a gain of 75% from the 7,910 (6,566-9,181) estimated in 2014. As a result, the number of leopards photographed also increased from 1,647 in 2014 to 5,240 in 2018. The 2022 study deployed cameras at 32,803 locations and reported an 8% jump over the 12,852 (12,172-13,535) estimated in 2018. In the common areas covered in both surveys, the rise in numbers is a more modest 4.4%. The report was released by the Union Environment Minister Bhupender Yadav. Madhya Pradesh houses the largest population of leopards in the country: 3907 (2018: 3421), followed by Maharashtra (1985), Karnataka (1,879) and Tamil Nadu (1,070).


      The 5th cycle of leopard population estimation (2022) in India focused on forested habitats within 18 tiger states, covering four major tiger conservation landscapes.


      Tiger Reserves or sites with the highest leopard population are, Nagarajunasagar Srisailam (Andhra Pradesh), followed by Panna (Madhya Pradesh), and Satpura (Madhya Pradesh).

     

 

     

Ministry of Environment, Forest and Climate Change of India
Union Minister- Bhupender Yadav
State Minister- Ashwini Kumar Choubey
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Prime Minister Narendra Modi flagged off first tanker 'Swarna Sindhu', carrying the first parcel of crude oil from ONGC's Krishna Godavari deepwater project.

Prime Minister Narendra Modi flagged off first tanker 'Swarna Sindhu', carrying the first parcel of crude oil from ONGC's Krishna Godavari deepwater project. This project will add 7 percent each to India’s oil and gas production. Developed with an investment of over Rs 41,000 crore, the KG-DWN 98/2 Deepwater Oil Field M in the Krishna Godavari Basin is considered to be one of the most technologically complex projects in India's oil and gas industry to date. The project KG-DWN-98/2 Cluster-II will add a total of 30.5 Billion Cubic Meters of Gas and 14.24 Million Metric Tonnes of oil to the Indian domestic oil and gas production.


     


     

     

 

     

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The Reserve Bank of India (RBI) has given approval to NPCI Bharat BillPay Ltd (NBBL) to launch interoperable payment system for internet banking to facilitate quicker settlement of funds for merchants.

The Reserve Bank of India (RBI) has given approval to NPCI Bharat BillPay Ltd (NBBL) to launch interoperable payment system for internet banking to facilitate quicker settlement of funds for merchants. The launch of this facility will be done this calendar year. Currently, internet banking transactions processed through Payment Aggregators (PAs) are not interoperable, implying that a bank is required to separately integrate with each PA of different online merchants. Given the multiple number of payment aggregators, it is difficult for each bank to integrate with every PA.


      Internet banking is one of the oldest modes for online merchant payment transactions. It is a preferred channel for payments like income tax, insurance premium, mutual fund payments, ecommerce, etc.


     

     

 

     

Reserve Bank of India
Founded- 1 April 1935; HQ- Mumbai
Governor- Shaktikanta Das, IAS (retd.)
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Infibeam Avenues Ltd received the final authorisation for operating as an Online Payment Aggregator by the Reserve Bank of India (RBI).

Infibeam Avenues Ltd received the final authorisation for operating as an Online Payment Aggregator by the Reserve Bank of India (RBI). The in-principle approval for this authorisation was granted in October 2022. Currently, a total of over 10 million merchants are available on Infibeam’s CCAvenue platform, with the company crossing the onboarding of half a million merchants in the first half of financial year 2024 itself.


      The Reserve Bank of India had introduced the payment aggregator framework in March 2020, as per which, it is mandatory for payment gateways to secure an aggregator license in order to acquire merchants as well as deliver cutting-edge digital payment acceptance solutions.


     

     

 

     

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Shri Sarbananda Sonowal, Union Minister of MoPSW & AYUSH inaugurated the 60T bollard pull tug named ‘Ocean Grace’, first-ever Made-in-India ASTDS tug.

Shri Sarbananda Sonowal, Union Minister of MoPSW & AYUSH inaugurated the 60T bollard pull tug named ‘Ocean Grace’, first-ever Made-in-India ASTDS tug. The Ocean Grace is the first make in India ASTDS Tug developed by the Cochin Shipyard Limited under MoPSW. The 'Ocean Grace' built at a cost of Rs45 crores, stands as a pinnacle of maritime engineering, equipped with cutting-edge technology and boasting a remarkable bollard pull of 60 tonnes. Union Minister also inaugurated Medical Mobile Unit (MMU). The Medical Mobile Unit (MMU) is part of port’s commitment to corporate social responsibility. This initiative highlights ‘Aatmanirbhar Bharat’ initiative of PM Modi.


     


     

     

 

     

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National Safety Week 2024 is being celebrated from 4 March to 10 March.

National Safety Day is observed every year on 4th March to spread awareness about the safety of workers in all sectors. National Safety Week 2024 is being celebrated from 4 March to 10 March. This year's theme is 'Focus on Safety Leadership for Environmental, Social, and Governance (ESG) Excellence'. 4th March 2024 marks the observance of 53rd National Safety Week/National Safety Day. The Ministry of Labour and Employment of the Indian government established the National Safety Council on March 4, 1996. It is a self-supporting, non-governing organization. In 2000, the Bombay Public Trust Act of 1950 was used to create the National Safety Council as a public trust. In 1972, National Safety Day was announced to celebrate the establishment of National Safety Day.


     


     

     

 

     

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The cabinet approved PM-Surya Ghar Muft Bijli Yojana for installing rooftop solar in one crore households with a total outlay of Rs75,021 crore.

The cabinet approved PM-Surya Ghar Muft Bijli Yojana for installing rooftop solar in one crore households with a total outlay of Rs75,021 crore. Prime Minister had launched the scheme on February 13, 2024. Scheme provides a central financial assistance of 30,000 subsidy for 1 kW system, 60,000 for 2 kW systems and 78,000 for 3 kW systems or higher. Households will be able to apply for subsidy through national portal and can select suitable vendor for installing rooftop solar.


      Solar energy is an important constituent of India’s ambitions of generating 500 GW of renewable energy by 2030.


      With overall solar energy generation getting traction in the last few years—capacity additions nearly doubled from 6,510 MW in 2019-20 to 12,760 MW in 2021-22.

     

 

     

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The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the establishment of International Big Cat Alliance (IBCA) with headquarters in India with a one-time budgetary support of Rs150 crore for a period of five years from 2023-24 to 2027-28.

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the establishment of International Big Cat Alliance (IBCA) with headquarters in India with a one-time budgetary support of Rs150 crore for a period of five years from 2023-24 to 2027-28. Acknowledging India's leading role in conserving tigers, other big cats and many of its endangered species, the Prime Minister of India during his speech on the occasion of Global Tiger Day, 2019 called for an Alliance of Global Leaders to curb poaching in Asia. The International Big Cat Alliance has been conceived as a multi-country, multi-agency coalition of 96 big cat range countries, non-range countries interested in big cat conservation, conservation partners and scientific organizations working in the field of big cat conservation.


      IBCA aims for mutual cooperation among countries for mutual benefit in furthering the conservation agenda.


     

     

 

     

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Micro, Small, and Medium Enterprises (MSME) Minister, Narayan Rane launched 3 initiatives to women-oriented Entrepreneurial at the 9th SHAKTI International Women Entrepreneurs Summit in New Delhi.

Micro, Small, and Medium Enterprises (MSME) Minister, Narayan Rane launched 3 initiatives to women-oriented Entrepreneurial at the 9th SHAKTI International Women Entrepreneurs Summit in New Delhi. 3 Initiatives are- Panjikaran se, Pragati, Unnati - Udyamita se Pragati, and WEP Mentorship Program. The programs will help women, especially in MSME, to grow and boost productivity. MSMEs and women will be the key to helping India become the 3rd largest economy soon. Panjikaran Se Pragati-- This national campaign is a clarion call to women entrepreneurs across the nation to get Udyam registered and unlock a world of opportunities. Unnati _ Udyamita se Pragati tak-- This MSME – WEP Award-to-Reward (ATR) programme is a ground-breaking initiative to take Women MSME’s to the next level of growth by providing comprehensive capacity building support through WEP. The annual Shakti International Women Entrepreneurs Summit is held each year in observance of International Women's Day.


      The Shakti International Women Entrepreneurs Summit 2024 is an annual Conference on the occasion of International Women’s Day to promote entrepreneurship amongst women.


     

     

 

     

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Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi has launched a groundbreaking initiative, the "Coal Logistics Plan and Policy".

Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi has launched a groundbreaking initiative, the "Coal Logistics Plan and Policy" organized by the Indian National Committee World Mining Congress with the patronage of the Ministry of Coal in Vigyan Bhawan, New Delhi. Ministry's Integrated Coal Logistics Policy and plan, aimed at developing a technologically enabled, cost-effective, and sustainable logistic ecosystem. The launch of the Coal Logistics Plan marks a significant milestone in India's journey towards modernizing coal transportation, enhancing efficiency, and promoting sustainability.


      The imperative need for efficient logistics to meet the escalating energy demand projected to surge from 980 MT to 1.5 BT by 2030.


      The Coal Logistics Plan proposes a strategic shift towards a railway-based system in FMCs projects, aiming for a 14% reduction in rail logistic costs and an annual cost saving of Rs21,000 Crore.

     

 

     

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Exercise Samudra Laksamana 2024, 3rd edition of India-Malaysia bilateral exercise, was held from 28 February to 2 March 2024 at Visakhapatnam.

Exercise Samudra Laksamana 2024, 3rd edition of India-Malaysia bilateral exercise, was held from 28 February to 2 March 2024 at Visakhapatnam. Indian Naval Ship Kiltan and Royal Malaysian Naval Ship KD Lekir are participated in this exercise. The exercise aims to strengthen bonds and enhance interoperability between the Indian and Royal Malaysian Navy. Under Exercise Samudra Laksamana, the crews of the Indian and Malaysian navies held talks related to various procedures at the port.


      India and Malaysia established diplomatic relations in 1957.


      India and Malaysia have signed a Comprehensive Economic Cooperation Agreement (CECA).

     

 

     

Malaysia
Official language- Malay
Prime minister- Anwar Ibrahim
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The US Consulate, in collaboration with the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) have launched the first-ever US-India Cyber Security Initiative to strengthen IT connections between the two countries.

The US Consulate, in collaboration with the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) have launched the first-ever US-India Cyber Security Initiative to strengthen IT connections between the two countries. The initiative aims to unite top cyber security experts globally to create jobs and develop cutting-edge solutions. The initiative will lead the city into a mentorship model in cyberspace and will also foster people-to-people ties in cyberspace. The Cybersecurity Initiative symbolizes the close collaboration between the United States and India, and these advancements also offer economic and social benefits globally, ensuring cybersecurity in the growing digital domain remains a vital concern.


      U.S Consulate Pursues Cybersecurity Center of Excellence in Pune.


      U.S. Consul General Mike Hankey launched the first-ever Cybersecurity Initiative in Pune.

     

 

     

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Prime Minister Narendra Modi and Prime Minister of Mauritius, Mr. Pravind Jugnauth, jointly inaugurated the new Airstrip and St. James Jetty along with six community development projects at the Agalega Island in Mauritius on 29 February 2024.

Prime Minister Narendra Modi and Prime Minister of Mauritius, Mr. Pravind Jugnauth, jointly inaugurated the new Airstrip and St. James Jetty along with six community development projects at the Agalega Island in Mauritius on 29 February 2024. The inauguration of these projects is a testimony to the robust and decades-old development partnership between India and Mauritius. The projects will fulfil the demand for better connectivity between mainland Mauritius and Agalega, strengthen maritime security and foster socio-economic development.


      Mauritius an important partner of 'Neighbourhood First' policy.


      India has always been the first responder to its friend Mauritius.

      Mauritius will be the first country to join India’s Jan Aushadhi initiative.

 

     

Mauritius
Capital- Port Louis
Currency- Mauritian Rupee
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The Southeast Asian countries Comoros and Timor-Leste formally joined the World Trade Organisation (WTO), becoming the 165th and 166th members of the global trade body.

The 13th World Trade Organisation (WTO) Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of the Abu Dhabi Ministerial Declaration. Hosted by the United Arab Emirates Ministry of Economy and the Abu Dhabi Department of Economic Development (ADDED), MC13 held across five days at the Abu Dhabi National Exhibition Center. The Abu Dhabi Declaration reflects consensus on a series of key trade and development policies. Ministers formally approved the WTO membership terms of Comoros and Timor-Leste at a special ceremony held at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi on 26 February 2024. The Southeast Asian countries Comoros and Timor-Leste formally joined the World Trade Organisation (WTO), becoming the 165th and 166th members of the global trade body.


      The Southeast Asian countries Comoros and Timor-Leste formally joined the World Trade Organisation (WTO), becoming the 165th and 166th members of the global trade body.


     

     

 

     

World Trade Organization (WTO)
Founded- January 1995
HQ- Geneva, Switzerland
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REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth Rs5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth Rs5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). One bond is worth Rs2,500 crores and has a 10-year maturity, with a redemption date of February 28, 2034, and yield of 7.47 percent. The other one is worth Rs2,875 crores with a maturity period of 3 years plus 2 months, with a redemption date of April 30, 2027 and a yield of 7.64 percent. These bonds are rated IND AAA by IRPL and ICRA AAA by ICRA.


      REC is a 'Maharatna' Central Public Sector Enterprise and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC).


     

     

 

     

REC Ltd
Founded- July 1969
Parent organization- Power Finance Corp
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The Centre for Development of Telematics (C-DOT) signed an MoU with Qualcomm to establish a strategic partnership that will foster innovation in India and support India based developers and start-ups working on innovative products and use cases.

The Centre for Development of Telematics (C-DOT) signed an MoU with Qualcomm to establish a strategic partnership that will foster innovation in India and support India based developers and start-ups working on innovative products and use cases. Qualcomm Technologies will support C-DOT with expertise and best practices, state-of-the-art technology, intellectual property training and tools, for enabling Indian startups, academia, and OEMs, and fast tracking the development and commercialization of indigenous telecom products. At the Mobile World Congress 2024 in Barcelona, Centre for Development of Telematics (C-DOT), supported by the Government of India, and Qualcomm Technologies have forged a strategic collaboration to advance Atmanirbhar Bharat and drive innovation within India’s telecom sector.


      Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware.


     

     

 

     

Qualcomm
Founded- July 1985
HQ- San Diego, California, United States
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SpaceX and NASA successfully launched their joint Crew-8 mission to the International Space Station (ISS) from the NASA Kennedy Space Center in Florida.

SpaceX and NASA successfully launched their joint Crew-8 mission to the International Space Station (ISS) from the NASA Kennedy Space Center in Florida. Together, NASA and SpaceX launched a crew of four to the ISS in the Dragon spacecraft, marking SpaceX’s eighth crew rotation mission to the ISS within NASA’s Commercial Crew Program. The NASA astronauts are commander Matthew Dominick, pilot Michael Barratt, mission specialist Jeanette Epps and Russian Roscosmos cosmonaut Alexander Grebenkin, who is also acting as mission specialist. It is the first mission to the ISS for all except Barratt, who is making his third visit.


     


     

     

 

     

SpaceX
CEO- Elon Musk
COO- Gwynne Shotwell
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Chandigarh University winning their maiden KIUG title in Khelo India University Games 2024.

Chandigarh University winning their maiden KIUG title in Khelo India University Games 2024. Chandigarh University claimed the title with a haul of 32 gold medals. They also won 18 silvers and 21 bronze for a total of 71 medals. As per the KIUG format, the team with the most gold medals wins the team title. Lovely Professional University came second at KIUG 2024 with 20 gold, 14 silver and eight bronze for a total of 42 medals while Amritsar’s Guru Nanak Dev University were third with 12 gold, 20 silver and 19 bronze for a tally of 51. Guru Nanak Dev University were the only contingent apart from the champions to cross the 50-medal mark. This was the fourth edition of the KIUG, which kicked off on 17-29 February 2024. Over 200 Indian universities competed for the KIUG 2024 title with around 4,500 athletes taking part in 20 sports.


      Chandigarh University finished 34th in the first edition in Odisha and 20th in the second edition.


      Panjab University, who won the inaugural and the 2022 editions, came fourth with 12 gold, 12 silver and 16 bronze for a total of 40.

      The 2021 edition winners Jain University completed the top five with 12 gold, seven silvers and six bronze for 25 medals.

 

     

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World Wildlife Day (WWD) is celebrated every year on 3 March to raise awareness about the importance of wildlife conservation and the need to protect endangered species.

World Wildlife Day (WWD) is celebrated every year on 3 March to raise awareness about the importance of wildlife conservation and the need to protect endangered species. The theme of World Wildlife Day 2024 is 'Connecting People and Planet: Exploring Digital Innovation in Wildlife Conservation'. On 20 December 2013, the United Nations General Assembly declared March 3 as the United Nations World Wildlife Day.


      WWF EIACP PC-RP, under Ministry of Environment, Forest and Climate Change celebrated World Wildlife Day 2024, by organisingvarious activities at Okhla Bird Sanctuary, one of the places blessed with a rich biodiversity focusing Mission LiFE.


     

     

 

     

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Pankaj Kumar Chatterjee, the Bengali translator of Stalin’s Couch, has won the 7th edition of the Romain Rolland Book Prize.

Pankaj Kumar Chatterjee, the Bengali translator of Stalin’s Couch, has won the 7th edition of the Romain Rolland Book Prize. Instituted in 2017 by the French Institute in India, it recognises translations of French books into Indian languages, including English. This is the second time a Bengali translator has won the prize, with Trinanjan Chakraborty winning for Kamel Daoud’s Meursault, contre-enquête in 2022. The French original, Le Divan de Staline, by Jean-Daniel Baltassat, has been adapted into a 2016 movie of the same name.


     


     

     

 

     

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World Hearing Day is observed on March 3 every year to create awareness on how to prevent deafness and hearing loss.

World Hearing Day is observed on March 3 every year to create awareness on how to prevent deafness and hearing loss. The theme for World Hearing Day 2024 is "Changing mindsets: Let's make ear and hearing care a reality for all!". It has been sponsored by WHO's Office for the Prevention of Blindness and Deafness since 2007. Earlier, this day was recognized as ‘International Ear Care Day’. After 2016, WHO renamed it as World Hearing Day. 3rd March 2024 marks the observance of the 18th World Hearing Day.


     


     

     

 

     

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National Security Day (NSD) or Rashtriya Suraksha Diwas, is annually observed on March 4 in India to honours the Indian security forces.

National Security Day (NSD) or Rashtriya Suraksha Diwas, is annually observed on March 4 in India to honours the Indian security forces. The purpose of the day is to express gratitude to our security forces, which include the police, paramilitary, guards, commandos, army officers, and other forces involved in maintaining our country’s peace and security. The idea of National Security Day was launched in 1972. On March 4, 1966, the Ministry of Labour established the Safety Council to promote a long-term safety, health, and environmental movement.


     


     

     

 

     

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Puneri Paltan defeated Haryana Steelers to win their first ever Pro Kabaddi League (PKL) title at the GMC Balayogi Sports Complex, Gachibowli, Hyderabad.

Puneri Paltan defeated Haryana Steelers to win their first ever Pro Kabaddi League (PKL) title at the GMC Balayogi Sports Complex, Gachibowli, Hyderabad. They beat Haryana Steelers 28-25. The 2023–2024 Pro Kabaddi League was the tenth season of the Pro Kabaddi League, a franchise based kabaddi league in India. Jaipur Pink Panthers were the defending champions. Puneri Paltan have scored the most points [922], the most tackle points in PKL 10 [340], have inflicted the most All Outs [45] and have conceded the least points among the 12 teams [653].


     


     

     

 

     

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Renowned archaeologist Padmashree Dr Arun Kumar Sharma passed away in Chhattisgarh at the age of 91.

Renowned archaeologist Padmashree Dr Arun Kumar Sharma passed away in Chhattisgarh at the age of 91. He was senior-most team member which excavated the Ram Janmabhoomi Ayodhya site on order of Allahabad High Court and had submitted a report that a temple was demolished to make a mosque. He was presented the Padmashree award in 2017 by late President of India, Pranab Mukherjee. He dedicated his life to archaeology and served the profession till 2018. He spent 99% of his life in the field. He was also general secretary of an All-India Association of Archaeologists and fought for their rights.


     


     

     

 

     

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Odisha Chief Minister Naveen Patnaik released a coffee table book titled ‘FIH Odisha Hockey Men’s World Cup 2023’.

Odisha Chief Minister Naveen Patnaik released a coffee table book titled ‘FIH Odisha Hockey Men’s World Cup 2023’. This book brought out by Sportstar, the sports magazine of The Hindu Group. The book captures moments from the 15th FIH Odisha Hockey Men’s World Cup held in Bhubaneswar and Rourkela. Patnaik highlighted the success of the World Cup in promoting hockey and engaging the younger generation.


     


     

     

 

     

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World Seagrass Day is annually observed on 1st March to enhancing ecosystem services and functions is important for the achievement of the Sustainable Development Goals.

World Seagrass Day is annually observed on 1st March to enhancing ecosystem services and functions is important for the achievement of the Sustainable Development Goals. In May 2022, the United Nations General Assembly adopted a resolution proclaiming March 1 as World Seagrass Day. The resolution by the General Assembly highlighted the urgent need to raise awareness at all levels and to promote and facilitate actions for the conservation of seagrasses in order to contribute to their health and development, bearing in mind. 1st March 2024 marks the observance of the 2nd World Seagrass Day.


      1st March 2024 marks the observance of the 2nd World Seagrass Day.


     

     

 

     

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Anant Ambani, Director on the boards of Reliance Industries Ltd and Reliance Foundation launched ‘Vantara’ (Star of the Forest) programme.

Anant Ambani, Director on the boards of Reliance Industries Ltd and Reliance Foundation launched ‘Vantara’ (Star of the Forest) programme. The programme will focus on rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. The Vantara initiative has been conceptualised under the leadership of Anant Ambani, a Director on the boards of RIL and Reliance Foundation. Vantara is spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, it aims to be one of the leading contributors to conservation efforts globally.


      Reliance Industries Ltd aim to become a Net Carbon Zero company by 2035.


     

     

 

     

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As part of ‘Aatmanirbharta in Defence’ and to further boost Make-in-India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth Rs39,125.39 crore on 1st March 2024 in New Delhi.

As part of ‘Aatmanirbharta in Defence’ and to further boost Make-in-India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth Rs39,125.39 crore on 1st March 2024 in New Delhi. The Contracts were exchanged in the presence of Raksha Mantri Shri Rajnath Singh and Defence Secretary Shri Giridhar Aramane, under whose guidance these deals fructified. Out of the five contracts, one was with M/s Hindustan Aeronautics Limited, two with Larsen & Toubro Limited and procurement of High-Power Radar (HPR) and two with M/s BrahMos Aerospace Private Limited (BAPL). These deals will further strengthen indigenous capabilities, save foreign exchange and reduce dependency on Foreign Origin Equipment Manufactures in future. The contract for procurement of BrahMos missiles has been signed with M/s BrahMos Aerospace Private Limited (BAPL) at a cost of Rs19,518.65 crore. The contract for Procurement of Ship borne BrahMos system has also been signed with M/s BrahMos Aerospace Private Limited (BAPL) at a cost of Rs988.07 crore. The project is likely to generate employment of around 60,000 man-days over a period of 7-8 years.


      The contract for RD-33 Aero Engines for MiG-29 aircraft has been signed with M/s Hindustan Aeronautics Limited (HAL) at a cost of Rs5,249.72 crore.


      The contract for procurement of CIWS has been signed with M/s Larsen & Toubro Limited at a cost of Rs7,668.82 crore.

      The contract for procurement of HPR has also been signed with M/s Larsen & Toubro Limited at a cost of Rs5,700.13 crore.

 

     

Ministry of Defence
Union Minister- Rajnath Singh
State Minister- Ajay Bhatt
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The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry in collaboration with the World Bank Group organised a National Workshop on Logistics Efficiency Enhancement in New Delhi.

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry in collaboration with the World Bank Group organised a National Workshop on Logistics Efficiency Enhancement in New Delhi. The inaugural session of the workshop was held in the presence of Additional Secretary, DPIIT, Shri Rajeev S. Thakur; Joint Secretary, DPIIT, Shri E. Srinivas; Country Director, World Bank, Mr. Auguste Tano Kouame; and Country Director, Asian Development Bank (ADB), Ms. Mio Oka. Over 100 participants from various Ministries/Departments of the Government of India, officials from States, Multilateral Institutions, and Industry Associations participated in the event. The workshop was divided into three sessions. Session I covered discussions on the approach and methodology adopted in the calculation of the Logistics Performance Index (LPI) by the World Bank. Session II discussed the corridor approach including Bharatmala and Sagarmala Corridors which is enhancing logistics efficiency, bringing down logistics costs, and increasing first and last mile connectivity. During session III, officials from States shared best practices, reforms, and digital initiatives undertaken to improve logistics efficiency.


      This workshop greatly contributed to a better understanding of LPI calculation methodology and its six parameters.


     

     

 

     

World Bank Group
Founded- July 1944
President- Ajay Banga
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Reserve Bank of India has revised regulatory framework for Bharat Bill Payment Systems (BBPS) based on a review of developments in the payments landscape to streamline the bill payments process, enable greater participation, and enhance customer protection.

Reserve Bank of India has revised regulatory framework for Bharat Bill Payment Systems (BBPS) based on a review of developments in the payments landscape to streamline the bill payments process, enable greater participation, and enhance customer protection. The new framework, applicable from April 1, 2024, looks to streamline the process of bill payments, enable greater participation, and enhance customer protection, among other changes. These directions seek to streamline the process of bill payments, enable greater participation, and enhance customer protection among other changes. The revised framework will apply from April 1, 2024 to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants.


      BBPS is an integrated bill payment platform that enables payment and collection of bills through multiple channels including mobile apps, bank branches, among others.


     

     

 

     

Reserve Bank of India
Founded- 1 April 1935, Kolkata
Deputy Governors- M.D. Patra, M. Rajeshwar, T. Rabi Sankar and Swaminathan J.
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Reserve Bank of India has updated the ‘Enabling Framework for Regulatory Sandbox’, increasing the timelines for various stages of the sandbox process and allowing applicants to enter into in-principle partnerships before applying for the sandbox.

Reserve Bank of India has updated the ‘Enabling Framework for Regulatory Sandbox’, increasing the timelines for various stages of the sandbox process and allowing applicants to enter into in-principle partnerships before applying for the sandbox. The RBI revised the timeline for the completion of various stages of a Regulatory Sandbox (RS) to 9 months from the previous 7. The updated framework for an RS also requires sandbox entities to ensure compliance with provisions of the Digital Personal Data Protection Act, 2023. The framework (for RS) has been revised based on the experience gained over the last four and half years in running four cohorts and feedback received from fintechs, banking partners and other stakeholders.


      A sandbox entity should ensure it has appropriate technical and organisational measures for the compliance of the provisions under the Digital Personal Data Protection Act.


     

     

 

     

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NPCI International Payments Ltd (NIPL), a subsidiary of National Payments Corporation of India (NPCI), has signed an MoU with Greece-based Eurobank S.A. to enhance cross-border UPI payments.

NPCI International Payments Ltd (NIPL), a subsidiary of National Payments Corporation of India (NPCI), has signed an MoU with Greece-based Eurobank S.A. to enhance cross-border UPI payments. This agreement is aimed at revolutionising the process of international money transfers, with a specific focus on streamlining remittances from Greece to India. The signing of MoU lays foundation for an alliance wherein both parties shall interface with each other as a point of contact for enabling Foreign Inward Remittance transactions from Greece to India. A strategic alliance with NPCI International is also fully in line with Eurobank’s strategic commitment to becoming the bank of choice for Indian businesses seeking to establish themselves in Greece or in Cyprus, as an entry point for their EU franchise.


      NPCI International Payments Limited (NIPL) was incorporated on April 3, 2020, as a wholly-owned subsidiary of National Payments Corporation of India (NPCI).


     

     

 

     

NPCI International Payments Limited (NIPL)
Incorporated- April 3, 2020
HQ- Mumbai
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Kotak Mahindra Bank has launched the ‘Smart Choice Gold Loan' to offers consumers the maximum value and flexibility to meet their credit needs.

Kotak Mahindra Bank has launched the ‘Smart Choice Gold Loan' to offers consumers the maximum value and flexibility to meet their credit needs. The offers five key features and would turn out to be a compelling alternative to conventional credit options. These key features are: 1) fixed monthly interest rate as low as 0.88 percent, i.e., 10.56 percent per annum 2) zero processing fee, 3) same day disbursement, 4) flexible repayment options and 5) minimal documentation.


      Gold loans are a versatile financial product and cater to a wide range of consumer needs.


     

     

 

     

Kotak Mahindra Bank
CEO- Ashok Vaswani
Founder- Uday Kotak
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As per State Bank of India (SBI) report 'Ecowrap', GDP growth for the current financial year (FY24) could be within striking distance of 8 percent.

As per State Bank of India (SBI) report 'Ecowrap', GDP growth for the current financial year (FY24) could be within striking distance of 8 percent. The economy grew 8.4 percent in the third quarter of 2023-24 after exhibiting more than 8 percent growth in the preceding two quarters. The buoyancy in indirect tax mop-up (32 percent year-on-year growth), gap between Gross Domestic Product (GDP) and Gross Value Added (GVA) growth widened. For fiscal 2023-24 GDP growth is expected to increase 7.6 percent and GVA growth by 6.9 percent. Fourth quarter GDP growth is expected at 5.9 percent. With the revisions, the GDP growth during April-December works out to be 8.2 percent.


      The National Statistical Office (NSO) has revised GDP estimates for the first and second quarters of this fiscal to 8.2 and 8.1 percent from 7.8 percent and 7.6 percent, respectively.


     

     

 

     

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The Reserve Bank of India (RBI) has approved the appointment of S Ravindran as the part-time chairman of Tuticorin-based Tamilnad Mercantile Bank (TMB), effective 29 February 2024.

The Reserve Bank of India (RBI) has approved the appointment of S Ravindran as the part-time chairman of Tuticorin-based Tamilnad Mercantile Bank (TMB), effective 29 February 2024. The approval is subject to Ravindran, stepping down from his directorships in Shriram Finance and Bandhan AMC, before assuming charge as the part-time chairman of the bank. This comes after the apex bank declined TMB's recommendation to appoint B Vijayadurai as part time non-executive chairman of the lender last year. Ravindran is also a chartered accountant and cost accountant. He has an extensive work experience of 29 years at the Securities and Exchange Board of India (SEBI), where he served as the executive director from August 2011 to May 2022.


     


     

     

 

     

Tamilnad Mercantile Bank
HQ- Thoothukudi, Tamil Nadu
Tagline- Be a step ahead in life
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Russia launched 'Pars 1', an Iranian imaging satellite, into space, which has the capability of sending high-resolution images of surface locations from its orbit 500 km above Earth.

Russia launched 'Pars 1', an Iranian imaging satellite, into space, which has the capability of sending high-resolution images of surface locations from its orbit 500 km above Earth. The rocket also carried a Russian weather satellite and 17 Russian small satellites. The Pars 1 carries a 15-meter camera, enabling it to send high-resolution images of surface locations from its orbit. The launch of Pars-I with the Russian Soyuz-2.1b launcher was broadcast live by state television in Iran. The satellite was launched “from Russia’s Vostochny launch base,” some 8,000 kilometers (5,000 miles) east of Moscow. The 110-kilogram (242-pound) satellite has three cameras to take images for environmental, agricultural and other purposes.


     


     

     

 

     

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Researchers from the Zoological Survey of India (ZSI) have discovered a new species of sea slug named 'Melanochlamys Droupadi' in West Bengal and Odisha and have named it after the country’s president.

Researchers from the Zoological Survey of India (ZSI) have discovered a new species of sea slug named 'Melanochlamys Droupadi' in West Bengal and Odisha and have named it after the country’s president. The marine slug is brownish-black with a ruby red spot and grows to a maximum length of up to seven millimetres. They collected nearly 150 specimens from the north-eastern coast of the Bay of Bengal and a thorough molecular analysis confirmed the novel status of the species. All the specimens were collected from the Digha coast of West Bengal and the Udaipur coast of Odisha state, along the north-western Bay of Bengal. Sea slugs live in marine habitats and are found across the planet from the shallow intertidal areas, to the deep sea, and from the polar to tropical regions. They feed on other small animals, including other species of smaller sea slugs, marine worms, as well as small fishes. It is the second species from the Indian region and the third true tropical species.


     


     

     

 

     

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Union Minister of Women & Child Development and Minority Affairs, Government of India, Smriti Zubin Irani has launched the logo and the website for the Alliance for Global Good – Gender Equity and Equality.

Union Minister of Women & Child Development and Minority Affairs, Government of India, Smriti Zubin Irani has launched the logo and the website for the Alliance for Global Good – Gender Equity and Equality. Mr. Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation, Mr. Chandrajit Banerjee, Director General, CII, and other dignitaries were present at the occasion. The logo symbolises the collective nature of the alliance, reinforcing the message of collective wisdom and strength for Gender equity and equality. The Alliance is supported by the Bill & Melinda Gates Foundation and anchored by the CII Centre for Women Leadership with the World Economic Forum as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’.


      India is the first country to make a financial case for women emancipation.


      The logo forms the alphabet “e” which represents Equality and Equity.

      The Tricolours symbolize the values of the Alliance - saffron for strength and courage, white for truth and green for growth. The red dot denotes prosperity.

 

     

Ministry of Women and Child Development
Union Minister- Smriti Zubin Irani
State Minister- Dr. Munjpara Mahendrabhai
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12 distinctive products from Arunachal Pradesh received Geographical Indication (GI) tags with the support of NABARD.

12 distinctive products from Arunachal Pradesh received Geographical Indication (GI) tags with the support of NABARD. These products included Apatani textile, Monpa textile, Nyishi textile, Monpa handmade paper, Adi textile, Singpho Phalap (Singpho tea), Galo textile, Adi Apong, Dao (sword), Angnyat millet, Marua Apo (Marua millet beverage) and Tai Khamti textile. With this, a total of 20 indigenous products from the region have been given GI tags.


      Over the past two years, NABARD has actively supported the GI registration process and that all the 18 products endorsed by NABARD received the GI registration.


     

     

 

     

Arunachal Pradesh
Capital- Itanagar
CM- Pema Khandu; Governor- Lieutenant General Kaiwalya Trivikram Parnaik
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The Education Ministry and the Information and Broadcasting Ministry have jointly launched a nationwide awareness campaign “Mera pehla vote desh ke liye (my first vote for the country)”, to encourage the first-time voters to participate in the 2024 Lok Sabha election.

The Education Ministry and the Information and Broadcasting Ministry have jointly launched a nationwide awareness campaign “Mera pehla vote desh ke liye (my first vote for the country)”, to encourage the first-time voters to participate in the 2024 Lok Sabha election. The main objective of the initiative is to engage and encourage young voters to come out and vote and to convey the importance of voting for the larger good of the nation. A comprehensive Voter Awareness campaign is being organised in different Higher Educational institutions across the country to ensure universal enlightened participation of youth in elections. Education minister Dharmendra Pradhan directed all higher education institutions in the country to conduct comprehensive voter awareness activities at their campuses starting from February 28 to March 6, 2024.


      The maximum membership of the House allotted by the Constitution of India is 552 (Initially, in 1950, it was 500). Currently, the house has 543 seats which are filed by the election of up to 543 elected members.


     

     

 

     

Ministry of Information and Broadcasting
Union Minister- Anurag Thakur
State Minister- Dr. L. Murugan
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The US Chamber of Commerce released the 12th edition of its International IP (intellectual property) Index 2024, India ranked at 42 out of the 55 countries in the index with an overall score of 38.64 percent.

The US Chamber of Commerce released the 12th edition of its International IP (intellectual property) Index 2024, India ranked at 42 out of the 55 countries in the index with an overall score of 38.64 percent. The United States emerged at the top of the list followed by the United Kingdom and France. The Index demonstrates the benefits that economies can receive when they adopt robust and enforceable IP standards. The top 10 economies in the world for IP rights are as follows: 1. United States (95.48%); 2. United Kingdom (94.12%); 3. France (93.12%); 4. Germany (92.46%); 5. Sweden (92.12%); 6. Japan (91.26%); 7. Netherlands (91.24%); 8. Ireland (89.38%); 9. Spain (86.44%); 10. Switzerland (85.98%). The report highlighted concerns over India's IP regime, pointing out the dissolution of the Intellectual Property Appellate Board in 2021 and a judiciary that lacks adequate resources.


      The index evaluates the IP framework of the world’s top 55 economies and found 20 economies significantly improving.


      27 economies showed no change while 8, including Ecuador, declined in rankings due to weak IP enforcement.

      India maintained its 42nd position with a score of 38.64%, unchanged since 2022.

 

     

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The Indian economy grow 8.4 percent during the October-December quarter of the current financial year 2023-24 (Q3FY24), according to gross domestic product (GDP) data released by the Statistics Ministry.

The Indian economy grow 8.4 percent during the October-December quarter of the current financial year 2023-24 (Q3FY24), according to gross domestic product (GDP) data released by the Statistics Ministry. GDP at constant (2011-12) prices in Q3 of 2023-24 is estimated at ₹43.72 lakh crore, against ₹40.35 lakh crore in Q3 of 2022-23, showing a growth rate of 8.4 percent. GDP at current prices in Q3 of 2023-24 is estimated at ₹75.49 lakh crore, as against ₹68.58 lakh crore in Q3 of 2022-23, showing a growth rate of 10.1 percent. The RBI had maintained real GDP growth for 2023-24 at 7 percent with Q3 at 6.5 percent and Q4 at 6 percent. The construction sector also grew by 9.5 percent, driving growth in the quarter under review. Public administration, defence and other services posted 7.5 percent growth against 3.5 percent in the third quarter of the last fiscal.


      The manufacturing sector, which for the past decade has accounted for just 17 percent of Asia's third-largest economy, expanded 11.6 percent year-on-year in the December quarter.


      The Statistics Ministry, in its second advance estimate of national accounts, pegged the country's full-year GDP growth at 7.6 percent.

     

 

     

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Bharti Enterprises founder and chairman, Sunil Bharti Mittal has become 1st Indian citizen to receive an Honorary Knighthood from United Kingdom's King Charles III.

Bharti Enterprises founder and chairman, Sunil Bharti Mittal has become 1st Indian citizen to receive an Honorary Knighthood from United Kingdom's King Charles III. The award grants Mr. Mittal the title of Knight Commander of the Most Excellent Order of the British Empire, recognising his contributions to fostering stronger business ties between India and the UK. Airtel Africa is listed on the London Stock Exchange. Mittal in recent months led the revival of OneWeb, leading a consortium with the UK Government and other strategic investors to offer satellite broadband services globally. He is a member of the India-UK CEO Forum as well as a member of the Vice Chancellor’s Circle of Advisors at the University of Cambridge.


      An honorary Knighthood is one of the highest honours granted by the British Sovereign to civilians, conferred upon foreign nationals in recognition of their exceptional contributions.


      Three other Indians have so far been awarded Honorary KBEs by the late Queen Elizabeth II. These include former Tata Steel Director Jamshed Irani in 1997, Sitar maestro Ravi Shankar in 2001, and former Tata Sons chairman Ratan Tata in 2009.

     

 

     

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The President of India, Droupadi Murmu appointed former Supreme Court judge, justice Ajay Manikrao Khanwilkar as the chairperson of Lokpal.

The President of India, Droupadi Murmu appointed former Supreme Court judge, justice Ajay Manikrao Khanwilkar as the chairperson of Lokpal. Justice Ajay Manikrao Khanwilkar will be the second Lokpal of India, after Pinaki Chandra Ghose, who retired in May 2022 after a two-year tenure in office. The appointment was announced nearly three weeks after a selection committee of the Prime Minister, speaker of Lok Sabha, leader of Opposition in Lok Sabha and the Chief Justice of India, shortlisted his name. Former chief justice of the Jharkhand high court, justice Pradip Kumar Mohanty is currently the acting chairperson and judicial member. The President also appointed former high court chief justices -- justice Lingappa Narayana Swamy, justice Sanjay Yadav, justice Ritu Raj Awasthi – as judicial members. Three others Sushil Chandra, Pankaj Kumar and Ajay Tirkey were appointed as the non-judicial members.


      The Lokpal has been established under the Lokayukta Act 2013 to investigate allegations of corruption against public functionaries who fall within the scope and ambit of the Act.


      The Lok Pal consists of a chairperson and 8 members out of whom 50% are judicial members.

      The members hold a term of five years or until they attain the age of 70 years.

 

     

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Ajay Kanwal re-appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Jana Small Finance Bank for three years.

Jana Small Finance Bank received approval from the Reserve Bank of India (RBI) to re-appoint Ajay Kanwal as the Managing Director (MD) & Chief Executive Officer (CEO) for 3 years beginning 21 March 2024. His reign will last until 20 March 2027. Kanwal has more than 33 years of experience in financial services and has held various leadership positions in his banking career. He was the regional CEO of ASEAN and South Asia at Standard Chartered Bank before joining Jana SFB, and he also worked briefly as a Senior Advisor for TPG and Mastercard.


      Janalakshmi Financial Services became Jana Small Finance Bank in March 2018.


     

     

 

     

Jana Small Finance Bank
President- Buvanesh Tharashankar
MD&CEO- Ajay Kanwal
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Mundkur Shyamprasad Kamath appointed as the Managing Director (MD) of Mangalore Refinery and Petrochemicals Limited (MRPL).

Mangalore Refinery and Petrochemicals Limited (MRPL) has announced the appointment of Mundkur S Kamath as the Managing Director (MD), following approval from the Ministry of Petroleum and Natural Gas. Kamath, who has been serving as the Executive Director since 2022, has been confirmed as the full-time MD until the date of his superannuation on November 30, 2027, or until further notice, whichever comes earlier. The Board of Directors of Mangalore Refinery and Petrochemicals Limited appointed Shri Mundkur Shyamprasad Kamath, as Additional Director designated as Managing Director on the Board of the Company vice Shri Sanjay Varma in compliance with provisions of the Companies Act, 2013 and SEBI Regulations, 2015.


     


     

     

 

     

Mangalore Refinery and Petrochemicals Limited
Headquarters- Mangaluru
Parent organization- Oil and Natural Gas Corporation
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The Defence Research and Development Organisation (DRDO) successfully conducted two flight tests of Very Short-Range Air Defence System (VSHORADS) missile from Integrated Test Range off Odisha's Chandipur.

The Defence Research and Development Organisation (DRDO) successfully conducted two flight tests of Very Short-Range Air Defence System (VSHORADS) missile from Integrated Test Range off Odisha's Chandipur. These tests were carried out against high speed unmanned aerial targets under different interception scenario. During all the test flights, the targets were intercepted and destroyed by the missiles, meeting the mission objectives. The VSHORADS is propelled by a dual thrust solid motor and would be used for neutralising low altitude aerial threats at short ranges. VSHORADS missile incorporates many novel technologies including miniaturised Reaction Control System (RCS) and integrated avionics which have been successfully proven during the tests.


      The VSHORADS is a Man Portable Air Defence System (MANPAD) indigenously developed by Research Centre Imarat (RCI) in collaboration with other DRDO laboratories and other industry partners.


     

     

 

     

Defence Research & Development Organisation (DRDO)
Founded- 1958
Chairman- Sameer V. Kamat
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Engineering major Larsen & Toubro (L&T) has commissioned its first indigenously manufactured electrolyzer at the green hydrogen plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat.

Engineering major Larsen & Toubro (L&T) has commissioned its first indigenously manufactured electrolyzer at the green hydrogen plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat. The electrolyzer, featuring a rated power capacity of 1 MW (expandable to 2 MW), can produce hydrogen of 200 Nm3/Hr (normal meter cubed per hour), a unit to measure gas flow rate. The project is aligned with the National Green Hydrogen Mission, showcasing L&T as a key player in electrolyzer manufacturing.


      Larsen and Toubro's newly-incorporated entity L&T Electrolysers focuses on manufacturing pressurised alkaline electrolysers using technology from McPhy Energy in France.


     

     

 

     

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India finishes runner-up after narrow loss to Kosovo in the final match of the Turkish Women's Cup 2024 football tournament at the Gold City Sports Complex in Alanya, Turkey.

India finishes runner-up after narrow loss to Kosovo in the final match of the Turkish Women's Cup 2024 football tournament at the Gold City Sports Complex in Alanya, Turkey. India lost 1-0 to Kosovo in their final match. The runners-up finish was, however, also the Indian women's best performance at the four-team tournament. India ended their campaign with six points from three games, three points behind the champions. Manisha Kalyan was awarded the Best Midfielder of the Tournament honour for her show in their three games. India had earlier beaten Estonia 4-3 before edging out Hong Kong China 2-0.


      The 2024 Turkish Women's Cup was the 8th edition of the Turkish Women's Cup, the annual women's football tournament held in Alanya, Turkey for the women's national association football teams.


      The tournament held from 21 to 27 February 2024.

     

 

     

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Zero Discrimination Day is annually observed on 1st March to promote inclusion, equality, peace and create awareness among people.

Zero Discrimination Day is annually observed on 1st March to promote inclusion, equality, peace and create awareness among people about their rights to live a peaceful life, address discrimination and its impact on individuals, communities and societies. The day was first celebrated on March 1, 2014 after UNAIDS, a joint United Nations program on Human Immunodeficiency Virus (HIV) and Acquired Immune Deficiency Syndrome (AIDS), launched its Zero Discrimination Campaign on 'World AIDS Day' in December 2013. The then-Executive Director of UNAIDS Michel Sidibé launched the day in 2014 with a major event in Beijing. The theme for Zero Discrimination Day 2024 is “To protect everyone's health, protect everyone's rights”.


      1st March 2024 marks the observance of the 10th anniversary of Zero Discrimination Day.


     

     

 

     

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World Civil Defence Day is annually observed on 1st March to raise awareness about the measures that should be taken to ensure that people are safeguarded.

World Civil Defence Day is annually observed on 1st March to raise awareness about the measures that should be taken to ensure that people are safeguarded. In 1990, World Civil Defence Day was announced by International Civil Defence Organisation to promote safeguarding of people and their properties from accidents, natural calamities and other emergencies. The UN General Assembly passed a resolution inviting member states to observe March 1st as World Civil Defense Day. The theme of World Civil Defense Day 2024 is “Honor Heroes and Promote Safety Skills".


     


     

     

 

     

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The Indian Civil Accounts Service (ICAS) celebrated its 48th Civil Accounts Day on 1st March 2024.

Civil Accounts Day is annually observed across India on 1 March to mark the Foundation Day of the Indian Civil Accounts Service (ICAS). The Indian Civil Accounts Service (ICAS) celebrated its 48th Civil Accounts Day on 1st March 2024. The occasion marks the establishment of the ICAS in 1976, separating the maintenance of accounts of the Union Government from audit. Consequent to a historical reform in Public Financial Administration, the maintenance of Accounts of the Union Government was separated from that of Audit by promulgation of ordinances by the President of India on March 1, 1976 paving the way for Departmentalized accounts. Consequently, the Indian Civil Accounts Service (ICAS) was constituted in 1976 and is headed by the Controller General of Accounts (CGA). Every year on the 1st of March, the organization celebrates its Foundation Day.


     


     

     

 

     

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Prime Minister Narendra Modi was visit Gujarat and Uttar Pradesh on 22 February and 23 February 2024 during which he inaugurated and laid the foundation stone of multiple development projects worth more than Rs61,000 crore in the two states.

Prime Minister Narendra Modi was visit Gujarat and Uttar Pradesh on 22 February and 23 February 2024 during which he inaugurated and laid the foundation stone of multiple development projects worth more than Rs61,000 crore in the two states. While Modi inaugurated, laid the foundation stone and initiate work commencement of multiple development projects worth more than Rs48,000 crore in Gujarat, he also launched and inaugurated projects worth over Rs13,000 crore for transforming Varanasi and its adjoining areas. In Ahmedabad, PM participated in the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF). He visited Kakrapar Atomic Power Station and dedicate to the nation two new Pressurised Heavy Water Reactors (PHWRs). He participated in a programme for prize distribution to the winners of Sansad Sanskrit Pratiyogita at Swatantra Sabhagar, Banaras Hindu University, Varanasi. He attend a public function commemorating the 647th birth anniversary of Sant Guru Ravidas. He dedicate to the nation important projects, including Bharat Net Phase-II - Gujarat Fibre Grid Network Limited, which will provide high-speed Internet to more than 8,000 gram panchayats, multiple projects for rail line doubling, gauge conversion, new broad-gauge line in Mahesana and Banaskantha districts, and multiple road projects.


     


     

     

 

     

Uttar Pradesh
Capital- Lucknow
Chief minister- Yogi Adityanath; Governor- Anandiben Patel
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Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal launched 'Bharat Startup Ecosystem Registry' and the website and logo of Startup Mahakumbh.

Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal launched 'Bharat Startup Ecosystem Registry' and the website and logo of Startup Mahakumbh. Startup Mahakumbh is reflective of the India growth story. Bharat Startup Ecosystem Registry, to create a comprehensive database with details about all the startup ecosystem stakeholders under one roof across different categories. Commerce and Industry Minister Piyush Goyal became the first person to register on the platform, signifying the government's commitment to nurturing India's burgeoning startup ecosystem. It is envisaged that the registry will facilitate easy access and discovery, fostering collaboration and growth within the ecosystem. Each registered user will receive a unique ID and access a personalised dashboard to connect with relevant stakeholders and access resources.


      The Registry's launch has been linked with the Startup Mahakumbh festival being organised by the startup ecosystem which aims to bring together all the stakeholders to showcase entrepreneurship, technology, and innovation.


     

     

 

     

Ministry of Commerce and Industry
Union Minister- Piyush Goyal
Minister of State- Anupriya Patel, C.R.Chaudhary
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National Bank for Agriculture and Rural Development (NABARD) has signed a MoU with the National Rural Livelihood Mission (NRLM) to promote women led development in rural areas.

National Bank for Agriculture and Rural Development (NABARD) has signed a MoU with the National Rural Livelihood Mission (NRLM) to promote women led development in rural areas. The MoU was signed by Additional Secretary, Rural Livelihoods, Ministry of Rural Development Shri Charanjit Singh and Deputy Managing Director, NABARD Dr A K Soodin the presence of Chairman NABARD Shri VK Shajiand other senior officials from MoRD and NABARD. This MoU with NABARD will add to the multiple support initiatives which the Ministry under DAY-NRLM undertaking to enhance livelihood opportunities of SHG women. This will help enable SHG Didis graduate as entrepreneurs and enhance their incomes to become Lakhpati Didis as envisioned by the Prime Minister.


      The MoU would enable graduation of women SHG members as entrepreneurs, facilitate setting up of ‘Not-for-Profit’ Corporate BC entity and deployment of women SHG members as Business Correspondents (BC Sakhi).


     

     

 

     

National Bank for Agriculture and Rural Development (NABARD)
Chairman- Shaji K V
HQ- Mumbai
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Ministry of Environment, Forest and Climate Change (MoEFCC) has amended the green credit Rules to incentivise environmental action and bolster forest restoration efforts.

Ministry of Environment, Forest and Climate Change (MoEFCC) has amended the green credit Rules to incentivise environmental action and bolster forest restoration efforts. The amendment introduces explicit criteria for land eligibility, outlines application procedures, and introduces a standardised methodology for calculating green credits generated through tree plantation activities. A green credit is a unit of incentive awarded for carrying out actions that have a positive environmental impact. It works like a reward point for activities such as tree planting, water conservation, sustainable agriculture, or pollution reduction. According to the notification, tree plantation for green credits can now only occur on degraded land parcels under state or Union Territory control, encompassing open forests, scrub lands, wastelands, and catchment areas. The minimum land size for such projects is set at 5 hectares.


      The MoEFCC then evaluates and verifies the activity before awarding green credits.


      The number of green credits awarded is directly linked to the number of successfully grown trees, with a minimum density of 1,100 trees per hectare required for certification by the department.

     

 

     

Ministry of Environment, Forest and Climate Change
Union Minister- Bhupender Yadav
State Minister- Ashwini Kumar Choubey
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Railway Minister Ashwini Vaishnaw released a commemorative postage stamp to celebrate the 100 years of the All India Railwaymen's Federation (AIRF), one of the largest and oldest trade unions of railway workers.

Railway Minister Ashwini Vaishnaw released a commemorative postage stamp to celebrate the 100 years of the All India Railwaymen's Federation (AIRF), one of the largest and oldest trade unions of railway workers. Over 5,000 workers gathered at the Karnail Singh railway stadium in Delhi to honor illustrious history and the leaders who made significant sacrifices to protect the rights of workers. The unveiling of the postal stamp showcased the enduring legacy and invaluable contributions of the All India Railwaymen’s Federation to India’s railway system. It stands as a poignant reminder of the AIRF’s century-long commitment to championing the rights and well-being of railway employees across India.


      The AIRF was established on April 24, 1924.


     

     

 

     

All India Railwaymen's Federation (AIRF)
HQ- New Delhi
President- N. Kanniah
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The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Retirement Adviser (RA) (Amendment) Regulations, 2023.

The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Retirement Adviser (RA) (Amendment) Regulations, 2023 on 20 February 2024. The amendments to Retirement Adviser Regulations simplify the provisions related to eligibility criteria, timelines to expedite the process of registration and removal of the requirement of submission of security deposits with an objective of Ease of Doing Business. Also now applications have to be disposed within 30 days and there is no need for security deposit, according to the Pension Regulatory and Development Authority (PFRDA). These simplifications are in line with the Union Budget 2023-24 announcement to review regulations to reduce the cost of compliance and enhance the Ease of Doing Business.


      Pension Fund Regulatory and Development Authority is the regulatory body for overall supervision and regulation of pensions in India.


     

     

 

     

Pension Fund Regulatory and Development Authority (PFRDA)
Founded- August 2003
HQ- New Delhi, India
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The Reserve Bank of India (RBI) has announced a Financial Literacy Ideathon for postgraduate students, currently enrolled in recognised educational institutions.

The Reserve Bank of India (RBI) has announced a Financial Literacy Ideathon for postgraduate students, currently enrolled in recognised educational institutions. The students are expected to come up with creative strategies to propagate financial literacy among the youth so as to empower them to engage in responsible financial behaviour and take informed financial decisions. The objective is to increase awareness on the advantages of inculcating financial discipline from an early age with inputs on saving, budgeting, power of compounding, banking essentials and cyber hygiene. Entries for the Ideathon can be submitted from February 26 - March 20, 2024. Prizes will be awarded to the top three submissions -- first prize: ₹1 lakh; second prize: ₹75,000; and third prize: ₹50,000.


      The central bank is observing the Financial Literacy Week (FLW) 2024 from 26th February 2024 to 1st March 2024 on the theme “Make a Right Start – Become Financially Smart”.


     

     

 

     

Reserve Bank of India (RBI)
Founded- 1 April 1935, Kolkata
HQ- Mumbai
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The Asian Development Bank (ADB) priced a USD 3.5 billion 5-year global bond, aimed at bolstering its ordinary capital resources and advancing its mission across the Asia-Pacific region.

The Asian Development Bank (ADB) priced a USD 3.5 billion 5-year global bond, aimed at bolstering its ordinary capital resources and advancing its mission across the Asia-Pacific region. This issue garnered around USD 14 billion of investor participation and is ADB's second-largest orderbook ever for a global benchmark bond. Notably, the 5-year bond features a coupon rate of 4.375 percent per annum, payable semi-annually, and is set to mature on 6 March 2029. Priced at 99.827 percent, the bond offers a yield of 12.7 basis points over the 4.25 percent United States Treasury notes due February 2029. The broad primary market distribution saw 35 percent of the bond placed in the Americas, 33 percent in Europe, the Middle East, and Africa, and the remaining 32 percent in Asia. In terms of investor type, banks accounted for 50 percent of the allocation, followed by central banks and official institutions at 37 percent, with fund managers and other investors comprising 13 percent.


      BMO Capital Markets, BNP Paribas, Citigroup, and HSBC served as lead managers for the transaction, with additional support from DNB Bank ASA, NatWest Markets, Scotiabank, and Standard Chartered Bank as part of the syndicate group.


     

     

 

     

Asian Development Bank (ADB)
Founded- December 1966
HQ- Mandaluyong, Philippines
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NTPC Green Energy Limited (NGEL) has signed a Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for development of Renewable Energy Parks in the state of Maharashtra.

NTPC Green Energy Limited (NGEL) has signed a Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for development of Renewable Energy Parks in the state of Maharashtra. The company to be set up under the joint venture will develop GW-scale renewable energy parks and undertake projects of this scale in a phased manner. The agreement aligns with the green energy objectives of NTPC and is another step in the Government of India’s efforts towards energy transition. The Joint Venture Agreement was signed at NTPC headquarters in New Delhi by Director (Projects), MAHAGENCO, Abhay Harne and CGM (NGEL), V V Sivakumar.


      NTPC Group has ambitious plans of attaining 60 GW of renewable energy capacity by the year 2032.


      MAHAGENCO has an installed capacity of about 13,170 MW including 9,540 MW Thermal, 2,580 MW Hydro, 672 MW Gas and 378 MW Solar-based Power Plant capacity.

     

 

     

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Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd signed a joint venture agreement for setting up an ammonium nitrate plant in Odisha through surface coal gasification (SCG) technology route.

Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd signed a joint venture agreement for setting up an ammonium nitrate plant in Odisha through surface coal gasification (SCG) technology route. The plant will be set up in Odisha’s Lakhanpur area of Coal India's subsidiary Mahanadi Coalfields Ltd and is planned to produce 2000 tons of ammonium nitrate per day initially. The annual production is slated at 6.6 lakh tons of ammonium nitrate which would require 1.3 million tonnes of coal. The coal will be supplied by Coal India, while BHEL would bring to the table indigenously developed pressurized fluidized bed gasification technology for this purpose.


      The upcoming plant as backward integration would help in securing the raw material,reducing import dependency of ammonium nitrate.


     

     

 

     

Coal India Limited
CEO- Pramod Agrawal
Founded- November 1975
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Rare Disease Day is observed on the last day of February, However, since the year 2024 is a leap year, Rare Disease Day is being observed on February 29.

Rare Disease Day is observed on the last day of February. However, since the year 2024 is a leap year, Rare Disease Day will be observed on February 29. In the year 2008, EURORDIS, with the Council of National Alliances announced Rare Diseases Day to be observed on February 29 keeping in mind the rarity of the date in the calendar. In the first year of celebrations, Rare Disease Day saw participation from eighteen countries in Europe. Since then, Rare Disease Day has been observed on the last day of February every year. Rare Disease Day is observed to create awareness on the rare diseases that exist and how they can affect the daily lives of the patients. Rare diseases, despite their name, are a significant health concern affecting millions worldwide. The theme for Rare Disease Day 2024 is "Share Your Colours".


      Rare Disease Day was observed on 29 February 2024.


      The theme for Rare Disease Day 2024 is "Share Your Colours".

     

 

     

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Author Lakshmi Murdeshwar Puri, career diplomat and former assistant secretary general of the United Nations, launched her book 'Swallowing the Sun'.

Author Lakshmi Murdeshwar Puri, career diplomat and former assistant secretary general of the United Nations, launched her book 'Swallowing the Sun'. The book tells the powerful story of Malati, a brave woman during India's fight for freedom, and explores themes of independence, love, and difficult decisions. The book was launched by actor Kabir Bedi and author-publisher David Davidar at ITC Maurya, in New Delhi on 21 February, 2024. The event started with Ms. Neelima Dalmia Adhar, author & Honorary Convenor of Prabha Khaitan Foundation (PKF)-Delhi NCR. The Novel is published by Aleph Book Company.


     


     

     

 

     

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Samajwadi Party MP from Uttar Pradesh's Sambhal and India's oldest parliamentarian Shafiqur Rahman Barq passed away at the age of 93 in Moradabad, Uttar Pradesh.

Samajwadi Party MP from Uttar Pradesh's Sambhal and India's oldest parliamentarian Shafiqur Rahman Barq passed away at the age of 93 in Moradabad, Uttar Pradesh. He was first elected as an MLA from Sambhal in 1974 on the symbol of the Bharatiya Kranti Dal. In the subsequent elections of 1977, 1985 and 1989, he was elected from the same seat on different symbols. In 1990-1991, he was a member of the UP Cabinet. In 2019, Barq was in the headlines when he objected to the raising of “Vande Mataram” slogans in Parliament by BJP MPs as members took oath. In 2019, he won the seat for the fifth time, defeating the BJP’s Parmeshwar Lal Saini by 1.74 lakh votes.


     


     

     

 

     

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Indian Navy launched ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 18’, 4th Barge of 11 x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta Projects Pvt Ltd, Thane.

Indian Navy launched ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 18’, 4th Barge of 11 x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta Projects Pvt Ltd, Thane. The launching Ceremony was presided over by Cmde Shirish Dube, Directorate of Ship Production. These Barges are indigenously designed and built under relevant Naval Rules and Regulation of Indian Register of Shipping. The model testing of the Barge during design stage was undertaken at Naval Science and Technological Laboratory, Visakhapatnam. These Barges are proud flag bearers of Make in India initiative of Government of India (GoI).


      The contract for building 11 X ACTCM Barge was signed between MoD and M/s Suryadipta Projects Pvt Ltd, Thane on 05 Mar 2021.


     

     

 

     

Indian Navy
The President of India is the Supreme Commander of the Indian Navy.
Founded- September 1612
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The General Council of Sangeet Natak Akademi, the National Academy of Music, Dance and Drama, New Delhi, at its meeting held at New Delhi unanimously elected 6 eminent personalities in the field of performing arts as Akademi Fellows (Akademi Ratna).

The General Council of Sangeet Natak Akademi, the National Academy of Music, Dance and Drama, New Delhi, at its meeting held at New Delhi unanimously elected 6 eminent personalities in the field of performing arts as Akademi Fellows (Akademi Ratna). The Fellowship of the Akademi is a most prestigious and rare honour, which is restricted to 40 at any given time. The General Council also selected 92 artists from the field of Music, Dance, Theatre, Traditional/Folk/Tribal Music/Dance/ Theatre, Puppetry and Overall contribution/scholarship in the Performing Arts for the Sangeet Natak Akademi Awards for the years 2022 & 2023. The General Council of the Akademi has also selected 80 young artists for Sangeet Natak Akademi Ustad Bismillah Khan Yuva Puraskar for the years 2022 and 2023. The Ustad Bismillah Khan Yuva Puraskar carries a purse money of Rs25,000/- besides a Tamrapatra and Angavastram. These awards will be conferred by the Chairman, Sangeet Natak Akademi in a special ceremony. The Sangeet Natak Akademi Fellowships and Awards will be conferred by the Hon’ble President of India in a special investiture ceremony.


      The Fellows and Awardees so selected represent the nation as a whole, and belong to different States and Union Territories.


      The Akademi Awards have been conferred since 1952.

      The honour of Akademi Fellow carries a purse money of Rs3,00,000/- while the Akademi Award carries a purse money of Rs1,00,000/-, besides a Tamrapatra and Angavastram.

 

     

Sangeet Natak Akademi
Founded- 1953
HQ- New Delhi; Chairman- Dr Sandhya Purecha
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