NATIONAL UPDATES:
1.
India’s first medical city ‘Indrayani Medicity’ to set up in Maharashtra: The state
government of Maharashtra has announced to set up the country’s first medical
city named as ‘Indrayani Medicity’ in Pune, to provide all kinds of specialised
treatment under one roof. It will come up in 300-acre of land area in Khed
taluka of Pune. The project is estimated to attract investment worth over Rs.
10,000 crore. Indrayani Medicity will have hospitals, centres for medical
research, pharmaceutical manufacturing, wellness and physiotherapy, and will be
the first-of-its-kind city in the country to have all the treatments available
at one place.
Key points:
a)
The
Medicity will have about 24 separate hospital buildings, each housing one
department. The Medicity will not only benefit Pune but will also be useful for
people from neighbouring districts who come to the city for better treatment.
b)
There
will be medical education and research institutes, and treatment will be
provided at affordable rates to citizens.
c)
The
proposed Medicity will have separate departments for trauma critical, heart
disease, kidney, brain disease, dentistry, paediatrics, ophthalmology,
endocrinology, gastroenterology, urology, haematology, organ transplantation,
gynaecology, cardiology and psychiatry and separate super-speciality hospitals
will be set up for all departments such as cancer, AYUSH etc.
d)
The
Medicity will be set up by the Pune Metropolitan Region Development Authority
(PMRDA). The entire facility is likely to have over 10,000 to 15,000 beds.
2.
BIS tie-up with IIT Roorkee for activities on standardization: The Bureau of
Indian Standards (BIS) and IIT Roorkee signed a Memorandum of Understanding
(MoU) for the establishment of a ‘BIS Standardization Chair Professor’ at IIT
Roorkee. This would be the first time BIS created a Standardization Chair in an
Institute for activities related to standardisation and conformity assessment.
It will aid in the establishment of standards on crucial areas such as IIT’s
BlockChain applications for e-governance.
Key Points:
a)
The
Bureau of Indian Standards (BIS) is proud to announce its collaboration with
the illustrious IIT Kanpur in the development of standards.
b)
It
will aid in the establishment of standards on crucial areas such as IIT’s
BlockChain applications for e-governance.
c)
The
MoU will help the country’s research, development, teaching, and training in
the field of standardisation and conformity assessment, with a focus on civil,
electrical, mechanical, chemical, and earthquake engineering, as well as the
development and management of water resources and renewable energy projects,
infrastructure development, medical biotechnology and nanotechnology,
biotechnology, biomaterials, and other fields.
d)
This
will also assist in sensitising students to the ways in which standards can
stimulate and facilitate innovation, as well as training students to be more
equipped for future professional difficulties.
Note: Bureau of Indian Standards
Director-General: Pramod Kumar Tiwari; Bureau of Indian Standards Founded: 23
December 1986; Bureau of Indian Standards Headquarters: Manak Bhawan, Old
Delhi.
3.
Prabha Narasimhan named as CEO of Colgate-Palmolive India: Prabha Narasimhan
has been appointed as the CEO and MD of Colgate-Palmolive (India) Limited. She
succeeded Ram Raghavan, who has been promoted to the role of President,
Enterprise Oral Care, at Colgate Palmolive Company. Prior to this, she was
working as executive director of Hindustan Unilever (HUL). Colgate-Palmolive
(India) provides oral care products under the ‘Colgate’ brand. It also provides
personal care products under the ‘Palmolive’ brand name.
About the
Colgate-Palmolive (India): Colgate-Palmolive (India) provides oral care
products under the ‘Colgate’ brand. It also provides personal care products
under the ‘Palmolive’ brand name. The company reported 2% rise in net profit to
Rs 252 crore on a 4% increase in sales to Rs 1,271 crore in Q3 FY22 over Q3
FY21. Shares of Colgate-Palmolive (India) were almost flat at Rs 1496 on the
BSE.
4.
Labour Minister Bhupendra Yadav unveiled the book titled “Role of Labour in
India’s Development”: Minister of Labour and Employment and MoEFCC, Bhupender
Yadav has launched a book titled “Role of Labour in India’s Development”. V V
Giri National Labour Institute has published the book. The publishing of the
book is part of the ‘Iconic Week’ celebrations of the ‘Azadi Ka Amrit
Mahotsav’.
About the book: ‘Role of Labour
in India’s Development’ book has 12 articles outlining the contribution of
labour in the development journey of India. These articles are written by
experts in this field and the book is published by V V Giri National Labour
Institute. V V Giri National Labour Institute is an autonomous body of the
Ministry of Labour and Employment. It was established in 1974 as a premier
institute of Labour research, training and education. Dr H. Srinivas is the
current Director General of the institution.
INTERNATIONAL UPDATES:
1.
V-Dem’s Democracy Report 2022: India ranked 93rd: The latest edition
of Democracy Report was released recently by the V-Dem Institute at Sweden’s
University of Gothenburg. The study was titled ‘Democracy Report 2022:
Autocratisation Changing Nature?’. The report classifies countries into four
regime types based on their score in the Liberal Democratic Index (LDI):
Liberal Democracy, Electoral Democracy, Electoral Autocracy, and Closed
Autocracy.
Top 5 LDI Countries: (1) Sweden; (2)
Denmark; (3) Norway; (4) Costa Rica; (5) New Zealand
India’s performance:
a)
It
classifies India as an electoral autocracy ranking it 93rd on the LDI, out of
179 countries.
b)
India
is one of the top ten ‘autocratisers’ in the world says the report.
c)
India
is part of a broader global trend of an anti-plural political party driving a
country’s Autocratisation.
d)
Ranked
93rd in the LDI, India figures in the “bottom 50%” of countries.
e)
It
has slipped further down in the Electoral Democracy Index, to 100, and even
lower in the Deliberative Component Index, at 102.
f)
In
South Asia, India is ranked below Sri Lanka (88), Nepal (71), and Bhutan (65)
and above Pakistan (117) in the LDI.
2.
World Consumer Rights Day: 15th March: World Consumer Rights Day is celebrated
on March 15 every year. The day marks an opportunity to urge that all
consumers’ rights be recognised and safeguarded, as well as to protest market
abuses and social injustices that jeopardise those rights. The day highlights
the power of consumers and their rights for a fair, safe and sustainable
marketplace for everyone. This year the International Consumer Rights Day will
be celebrated on the theme of “Fair Digital Finance.” The Department of
Consumer Affairs will commemorate this day with multiple events being held in
New Delhi.
History of the day: World Consumer
Rights Day is inspired by President John F Kennedy’s special message to the US
Congress that was delivered on 15th March 1962. In this message he formally
addressed the issue of consumer rights becoming the first world leader to do
so. The consumer movement first marked that date in 1983 and now uses the day
every year to mobilise action on important issues and campaigns.
3. UN
declares March 15 as the International Day to Combat Islamophobia: The U.N. General
Assembly approved a resolution to proclaim March 15 as the International Day to
Combat Islamophobia every year, starting from 2022. The resolution, adopted by
the 193-member UN General Assembly, was introduced by Pakistan’s ambassador
Munir Akram on behalf of the Organisation of Islamic Cooperation (OIC), on
March 15, 2022. It marks the day when a gunman entered two mosques in
Christchurch, New Zealand, killing 51 worshippers and wounding 40 others in the
terror attack.
The resolution, introduced by the
Organisation of Islamic Cooperation (OIC), was co-sponsored by Afghanistan,
Bangladesh, China, Egypt, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait,
Kyrgyzstan, Lebanon, Libya, Malaysia, Maldives, Mali, Pakistan, Qatar, Saudi
Arabia, Turkey, Turkmenistan, Uganda, United Arab Emirates, Uzbekistan and
Yemen.
The objective of the day: The main objective
of International Day to Combat Islamophobia will be curtailing systematic hate
speech and discrimination against Muslims; respect for religious symbols and
practices; along with the elimination of all forms of intolerance and discrimination
based on religion or belief.
OTHER UPDATES:
SPORTS
1. In
Ahmedabad, PM inaugurates the 11th Khel Mahakumbh: The 11th edition of
the Khel Mahakumbh was started at Sardar Patel Stadium in Ahmedabad by Prime
Minister Narendra Modi. PM Modi claimed that he appointed Khel Mahakumbh as
Gujarat’s Chief Minister in 2010. Khel Mahakumbh, which began in Gujarat in
2010 with 16 sports and 13 lakh participants, now includes 36 general sports
and 26 para-sports. The 11th Khel Mahakumbh has received over 45 lakh
registrations. Due to COVID-19, we were not able to organize Khel Mahakumbh.
Started in 2010 with 16 sports & 13 lakh participants, Khel Mahakumbh
increased to 36 general sports & 26 para-sports in 2019.”
Attendees:
Governor of Gujarat Acharya Devvrat
Chief Minister of the State Bhupendra Patel
Bharatiya Janata Party State President CR
Patil
Minister of State for Sports in Gujarat
Government Shri Harsh Sanghvi
Shri Hasmukh Bhai Patel
Shri Narhari Amin
Mayor of Ahmedabad Mr. Kirit Kumar Parmar
ji
BANKING AND FINANCE
1.
RBI directs Paytm Payments Bank Ltd to stop onboarding of new customers: Reserve Bank of
India (RBI) has directed Paytm Payments Bank Ltd to stop the onboarding of new
customers with immediate effect. The bank has also been directed to appoint an
IT audit firm to conduct a comprehensive System Audit of its IT system. The RBI
took the decision in exercise of its powers under section 35A of the Banking
Regulation Act, 1949.
Key points:
a)
RBI
has advised Paytm Payments Bank to appoint an IT audit firm to conduct a
comprehensive System Audit of its IT system. Once the audit is over, RBI will
review the reports of IT auditors and based on the reports grant or review its
permission for onboarding of new customers.
b)
Onboarding
of new customers by Paytm Payments Bank Ltd will be subject to specific
permission to be granted by RBI after reviewing the report of the IT auditors.
This action is based on certain material supervisory concerns observed in the
bank.
Note: Chairman of Paytm Payments Bank Ltd:
Vijay Shekhar Sharma; MD and CEO of Paytm Payments Bank Ltd: Satish Kumar
Gupta; Paytm Payments Bank Ltd Headquarters: Noida, Uttar Pradesh.
BUSINESS AND ECONOMY
1. Debasish Panda named as Chairman of IRDAI: Debasish Panda has
been appointed as the chairman of the Insurance Regulatory and Development
Authority of India (IRDAI). He is a former financial services secretary. The
post of Chairman of IRDAI was lying vacant since May 2021 when Subhash Chandra
Khuntia completed his term. Panda, a 1987-batch IAS officer of the Uttar
Pradesh cadre, retired as financial services secretary in January this year
after a two-year stint.
The Appointments Committee of the Cabinet
has approved Panda’s appointment as chairperson of the insurance regulator
initially for a period of three years from the assumption of charge. The
appointment of IRDAI chairman comes nearly 9 months after the vacancy was
created following Subhash Chandra Khuntia completing his term in May last year.
Note: IRDAI Founded: 1999; IRDAI
Headquarters: Hyderabad.
AWARDS AND HONOURS
1.
J&K Bank bagged National Award for SHG Bank Linkage 2022: Union Minister of
Rural Development, Giriraj Singh honoured the Jammu and Kashmir Bank (J&K
Bank) with the “National Award for Outstanding Performance for FY 2020-21” in
recognition of its best performance in Self-Help Group Bank Linkage. Kirti
Sharma, Zonal Head, Delhi, J & K Bank, accepted the award on the bank’s
behalf from Union Minister Giriraj Singh.
The award was presented during the event
organized as a part of International Women’s Day (8th March 2022) at Vigyan
Bhavan, New Delhi, Delhi. In line with the Bank’s commitment to extend banking
facilities and financial services into the under-banked areas of Jammu and
Kashmir, J&K Bank has commissioned 4 Business Units (BUs) in the region.
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