NATIONAL UPDATES:
1.
Tripura Govt announced “Mukhyamantri Chaa Srami Kalyan Prakalpa” scheme: Tripura Government
has announced a special scheme ‘Mukhyamantri Chaa Srami Kalyan Prakalpa’ for
tea workers. A special scheme, allotting Rs. 85 crores for its implementation,
as a step towards bringing the 7000 tea garden workers of Tripura under the
social security net. This special scheme would ensure housing, rations, and
financial support to the tea garden workers by integrating the facilities that
are entitled to them, by the state government and the central government. Key
information:
a)
About
75% of the 7000 tea garden workers are women and they produce nearly 90 lakh
kilograms of tea through 54 tea estates & 21 tea processing factories
across the state. The tea production is mainly distributed in the North,
Sepahijala, Unakoti, and West Tripura districts.
b)
The
Union Home and Cooperation Minister, Amit Shah had recently inaugurated the
year 2022 Women Empowerment Campaign and Chief Minister Shramik Kalyan Prakalp
scheme for the women of Tripura on the occasion of International Women’s Day
& has also laid the foundation stone for National Forensic Sciences
University in Agartala, capital of Tripura.
Note: Tripura Capital: Agartala; Tripura
Chief Minister: Biplab Kumar Deb; Tripura Governor: Satyadeo Narain Arya.
2.
Jyotiraditya Scindia inaugurates first drone school at Gwalior in Madhya
Pradesh:
The Union Civil Aviation Minister Jyotiraditya Scindia and Madhya Pradesh Chief
Minister Shivraj Singh Chouhan jointly inaugurated the first drone school in
Gwalior, Madhya Pradesh. This drone school is one of the five Drone Schools
planned to be opened in different cities of Madhya Pradesh. The other four
cities are Bhopal, Indore, Jabalpur and Satna.
About the school: This drone school
of Gwalior will not only pave the way for the youth of Madhya Pradesh to move
forward by connecting them with technology, but it will also increase
employment opportunities. This school will prove to be a milestone in the
progress and progress of Madhya Pradesh along with Gwalior.
Note: Madhya Pradesh Capital: Bhopal;
Madhya Pradesh Governor: Mangubhai C. Patel; Madhya Pradesh Chief Minister:
Shivraj Singh Chouhan.
3.
MSME IDEA HACKATHON 2022: Union Minister for MSME, Narayan Rane has announced the
MSME Innovative Scheme (Incubation, Design, and IPR) as well as the MSME IDEA
HACKATHON 2022. Shri Rane, speaking on the occasion, stated that MSMEs play an
essential role in Atmanirbhar Bharat. He claims that these programmes will
assist entrepreneurs in launching new businesses. Key Points:
a)
MSME
Innovation” Scheme, according to the Minister of State for MSME Shri Bhanu
Pratap Verma, will develop and foster latent innovation in the MSME sector.
b)
During
the opening of the MSME Innovation Scheme, Shri B.B Swain, Secretary MSME, made
the keynote address, stating that it will serve as a hub for innovation
activities, facilitating and directing the development of ideas into viable
business propositions that benefit society directly.
c)
MSME
Innovative is a comprehensive approach that unifies, synergizes, and converges
three sub-components and interventions to achieve a single goal.
d)
MSME
Innovative is a novel idea for MSMEs that combines incubation, design
intervention, and IPR protection in a single-mode approach to raise awareness
about India’s innovation and drive MSMEs to become MSME Champions.
e)
This
will serve as a focal point for innovation efforts, enabling and leading the
transformation of ideas into viable business propositions that benefit society
and can be successfully commercialised.
4.
Justice AK Sikri named as Chairperson of Chardham project Committee: The Supreme Court
of India has named Justice (retd) AK Sikri as Chairperson of the High Powered
Committee (HPC), of the Chardham project. The previous Chairperson Professor
Ravi Chopra had resigned from his post in February 2022, after being appointed
as the chairperson of the HPC on August 8, 2019. A bench of Justices DY Chandrachud
and Surya Kant accepted the resignation of Professor Ravi Chopra as chairperson
of the committee after he wrote a letter in January wishing to relinquish his
post.
5. A
book titled “Soli Sorabjee: Life and Times” authored by Abhinav Chandrachud: A new biography,
titled “Soli Sorabjee: Life and Times” was announced, during the occasion of
the 92nd birth anniversary of Soli Sorabjee. It is authored by advocate and
legal scholar Abhinav Chandrachud and will be released in April 2022. The book
highlights the personal details of the life of Soli Sorabjee, his family
background. He was the former Attorney General (AG) of India and served two
times for the years 1989-90 and then from 1998- 2004.
INTERNATIONAL UPDATES:
1.
Yoon Suk Yeol elected as new South Korean President: Yoon Suk-yeol has
been declared as the winner of the 2022 South Korean presidential election to
be elected as the new President of the country. He is scheduled to assume
office as president on May 10, 2022, for a fixed term of five years. Yoon
Suk-yeol will succeed incumbent President Moon Jae-in.
With more than 98 per cent of the ballots
counted, Yoon had 48.6 per cent of the votes against his rival Lee Jae-Myung’s
47.8 per cent. Yoon is to take office in May and serve a single five-year term
as leader of the world’s 10th-largest economy.
Note: South Korea Capital: Seoul; South
Korea Currency: South Korean won.
2.
International Day of Action for Rivers: 14th March: The International
Day of Action for Rivers is celebrated every year on the 14th of March. The
year 2022 marks the 25th anniversary of the International Day of Action for
Rivers. The day aims to raise awareness about the value and importance of
rivers as well as bring together people from across the world to discuss and
spread awareness about conserving rivers, river management, pollution, and
equitable access to clean and flowing water. The theme in 2022 is “The
Importance of Rivers for Biodiversity”.
History: The International Day of Action
For Rivers was adopted by the participants of the First International Meeting
of People Affected by Dams, March 1997 in Curitiba Brazil. The main aim is to
raise voices in unison against destructive water development projects, reclaim
the health of watersheds, and demand the equitable and sustainable management
of rivers.
3.
International Day of Mathematics: 14th March: International Day of Mathematics
(IDM) is observed globally on the 14th of March every year. It is also known as
the Pi Day because the mathematical constant π (pi) can be rounded down to
3.14. It aims to educate people about the essential role of mathematics in
science and technology, improve quality of life, empower women and girls, and
contribute to sustainable development. This is a relatively new event that was
created just a couple of years back. The theme for 2022 IDM is “Mathematics
Unites!“.
History of the day: The proclamation
of March 14 as the International Day of Mathematics was adopted in the 205th
session of the UNESCO’s Executive Council. The day was then adopted in the 40th
session of the General Conference of UNESCO in November 2019. Later in 2020,
the world celebrated its First International Day of Mathematics on March 14,
2020.
OTHER UPDATES:
SPORTS
1.
Famous Golfer Tiger Woods inducted into World Golf Hall of Fame: Famous Golfer,
Tiger Woods was formally inducted into the World Golf Hall of Fame. The
46-year-old Woods entered the storied hall as part of the Class of 2022 along
with retired PGA Tour commissioner Tim Finchem, U.S. Women’s Open champion
Susie Maxwell Berning and Marion Hollins, a U.S. Women’s Amateur champion and
golf course architect who was recognised posthumously.
During his career, Woods has broken many
golfing records, establishing himself as arguably the greatest golfer of all
time. He has won 15 majors, surpassed only by Jack Nicklaus’ 18, as well as a
joint-record 82 wins on the PGA Tour.
BANKING AND FINANCE
1.
NaBFID to be regulated as AIFI under RBI Act: Reserve Bank of
India has announced that National Bank for Financing Infrastructure and
Development (NaBFID) will be regulated and supervised by it as an All India
Financial Institution (AIFI) under the RBI Act, 1934. NaBFID will be regulated
and supervised by RBI as an AIFI under Sections 45L and 45N of the Reserve Bank
of India Act, 1934.
Presently RBI has four AIFIs under it
namely EXIM Bank, NABARD, NHB and SIDBI. NaBFID will be the fifth AIFI under
RBI. NaBFID has been set up as a Development Financial Institution (DFI) to support
the development of long-term infrastructure financing in India.
Note: Chairman of NaBFID: KV Kamath.
2.
Ashwani Bhatia (SBI MD) appointed as SEBI member: The cabinet has
appointed Ashwani Bhatia, managing director (MD) of the State Bank of India (SBI),
as a whole-time member (WTM) of the Securities and Exchange Board of India
(SEBI). According to some sources, the Appointments Committee of the Cabinet
(ACC) has also approved Ashwani Bhatia’s appointment as a whole-time member of
SEBI for three years from the date of his assumption of the command.
BUSINESS AND ECONOMY
1.
CRISIL Projected GDP growth forecast at 7.8% for 2022-23: Domestic rating
agency CRISIL retained its real GDP growth forecast at 7.8% for the fiscal year
2023, as compared with the 8.5% projected in the Economic Survey. FM Nirmala
Sitharaman’s Budget proposals focused on loosening the purse strings by
boosting capital expenditure and going slow on fiscal consolidation are aimed
in the right direction. The agency expects the nominal growth to come at
12-13%, higher than the 11.1% Budget Estimate, and the headline inflation to
average 5.2%.
2.
Star Health and Allied Insurance launched ‘Star Women Care Insurance Policy’: Star Health and
Allied Insurance Company Limited, a health insurance company launched “Star
Women Care Insurance Policy”. It is a woman-centric comprehensive health cover
specially designed to protect the healthcare needs of women at every stage of
their lives. The policy can be purchased through premiums that can be paid in
quarterly or half-yearly instalments, and this policy can also be taken for 1
year, 2 year or 3-year terms.
The Star Women Care Insurance Policy is
available as both an individual policy and a floater policy. Individual Sum–
Insured only for females aged between 18 years and 75 years. Floater Sum
Insured – Adult 18 years to 75 years with at least one female in the family
along with the spouse and dependent children.
Note: Star Health and Allied Insurance
Company Limited Establishment: 2006; Star Health and Allied Insurance Company
Limited Headquarters: Chennai, Tamil Nadu; Star Health and Allied Insurance
Company Limited Wholetime Director & CEO:
Jagannathan.
AWARDS AND HONOURS
1.
Six Indian Airports named the ACI World’s ASQ Awards 2021: From India, six
airports have found a place among the ‘Best Airport by Size and Region’, by the
Airports Council International (ACI), in its Airport Service Quality (ASQ)
survey for the year 2021. The airports have been adjudged among the Asia
Pacific region in different categories based on annual passenger traffic. The
ACI Airport Service Quality (ASQ) Awards takes into account 33 parameters related
to passenger amenities to recognize airport excellence in customer experience.
The six Indian airports include:
Category – Over 40 million
passengers per year
a)
Chhatrapati
Shivaji Maharaj International Airport (CSMIA), Mumbai (5th consecutive year)
b)
Indira
Gandhi International Airport, New Delhi
(4th consecutive year)
Category – 15 to 25 million
passengers per year
a)
Rajiv
Gandhi International airport, Hyderabad
Category – 5 to 15 million
passengers per year
a)
Cochin
International Airport, Cochin
b)
Sardar
Vallabhbhai Patel International Airport, Ahmedabad
Category – 2 to 5 million passengers
per year
a)
Chandigarh
Airport, Chandigarh
Note: Airports Council International
Headquarters: Montreal, Canada; Airports Council International Founded: 1991.
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