NATIONAL UPDATES:
1.
India’s first ‘World Peace Center’ will be established in Gurugram: Ahimsa Vishwa
Bharti organisation established by Ambassador of Peace, Eminent Jainacharya Dr Lokeshji
will establish India’s first World Peace Center in Gurugram, Haryana. For this,
the Haryana Government has allotted a plot to the organization in Sector 39 of
Gurugram opposite Medanta Hospital and adjacent to Delhi-Jaipur Highway. ‘World
Peace Center’ will work for the establishment of peace and harmony in the
world.
The Ahimsa Vishwa Bharti had got the plot
by depositing the entire amount in the Government treasury, on which the
construction work of about 25000 square feet will be completed in two years. He
expressed his gratitude to the Hon’ble Chief Minister of Haryana, Manohar Lal
Khattarji.
About the peace centre:
a)
The
voice of this centre of Gurugram will be heard all over the world by its work,
including the United Nations and the World Religion Parliament.
b)
‘World
Peace Center’ will be a major world-class centre for personality building,
where various dimensions such as Personality Development of Youth, Empowerment
of Women and Sanskar Development in Children through Meditation, Yoga, Indian Culture
and Jain lifestyle based scientific programs will also be conducted here.
2.
‘Gender Samwaad’ organised by the Ministry of Rural Development: Over 3000 State
Mission employees and members of Self-Help Groups (SHGs) from 34 states logged
in to attend the third edition of ‘Gender Samwaad,’ organised by the Deendayal
Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), Ministry of
Rural Development. It’s a national virtual effort run by the DAY-NRLM to raise
awareness about the mission’s activities around the country via the perspective
of gender. Promotion of food and nutrition security through women’s
collectives’ was the focus for this edition. The event was held as part of the
Amrit Mahotsava‘s Iconic Week commemoration theme of ‘Naye Bharat ki Naari.‘
Key Points:
a)
National
and State Rural Livelihoods Missions (SRLMs) were able to hear from SHG women
and share and learn from best practices during the event. Shri Nagendra Nath
Sinha, Secretary, Ministry of Rural Development, spoke at the online gathering
and underlined the potential of women collectives to encourage behaviour change
and access to services. “Across the country, SHG women played a critical role
in promoting COVID-19 awareness among over 5.5 crore rural families,” he said.
b)
Nita
Kejrewal, Joint Secretary, Ministry of Rural Development, shared the Ministry’s
perspective and initiatives on food, nutrition, health, and WASH interventions
(FNHW). “SHGs under the DAY-NRLM are focusing on a variety of interventions to
combat malnutrition, including increasing rural household income, enhancing
productivity, and diversifying nutrient-rich food crops, as well as social and
economic development.”
c)
Shri
Dhrijesh Tiwari, Statistical Advisor, Ministry of Women and Child Development,
discussed the Ministry’s many measures for women’s and children’s nutrition.
d)
Smt.
Meeta Rajivlochan, Member Secretary, National Commission for Women, spoke about
the importance of women’s nutrition and their rights and entitlements in this
area.
e)
Dr.
Kalyani Raghunathan of the International Food Policy Research Institute (IFPRI)
presented the findings of studies on the impact of relevant food and nutrition
interventions through women collectives.
3.
Fortune India The Next 500 list 2022: RailTel ranked 124th: RailTel Corporation
of India Limited (RailTel), owned by the Indian Railways, Ministry of Railways,
has ranked 124th in the 8th Edition Fortune India The Next 500 (2022 edition)
of top midsize companies operating in India. It is the only Telecom Public
Sector Undertakings (PSU) of the Government of India (GoI) on the list. It was
ranked 197 in the 2021 list of top midsize companies operating in India.
Apart from RailTel, IRCTC is the only
Railway PSU featuring in the list, at the rank of 309. This Fortune India The Next
500 is published annually by Fortune India English Monthly magazine. RailTel is
one of the largest neutral telecom infrastructure services providers in the
country.
Note: RailTel Founded: September 2000;
RailTel Headquarters: Gurgaon, Haryana; RailTel CMD: Puneet Chawla.
4.
Ranjit Rath named as Chairman & MD of Oil India Ltd: Ranjit Rath has
been named as the next Chairman and Managing Director of Oil India Limited
(OIL). He will replace current chairman and managing director Sushil Chandra
Mishra, who will superannuate on June 30, 2022. Presently Rath is the chairman
and managing director of Mineral Exploration Corporation Ltd (MECL). Oil India
Limited is the Indian-government owned second-largest crude oil and natural gas
producing company, under the Ministry of Petroleum and Natural Gas.
Rath is a recipient of the prestigious
National Geosciences Award 2016 from the President of India. He has co-authored
a book titled ‘Underground Storage Technologies’ and has published several
technical papers and participated in conferences in India and overseas.
Note: Oil India Limited Headquarters: Noida;
Oil India Limited Founded: 18 February 1959.
5.
India’s Ordnance Factories’ Day: 18th March: The Ordnance Factories’ Day is
observed on the 18th of March every year. The production of India’s oldest
Ordnance Factory, which is at Cossipore of Kolkata, was started on the 18th of
March, 1802. OFB is the 37th largest defence equipment manufacturer in the
world, 2nd largest in Asia, and the largest in India. The day is celebrated by
displaying the rifles, guns, artillery, ammunition etc in exhibitions all over
India. The celebrations start with a parade and the exhibition will also
display the photographs of various mountaineering expeditions.
History of Ordnance Factory Board: OFB was founded
in 1775 and its Headquarters is in Ayudh Bhawan, Kolkata. OFB consists of 41
Ordnance Factories, 9 Training Institutes, 3 Regional Marketing Centres and 5
Regional Controllerates of Safety, which is spread all over India.
INTERNATIONAL UPDATES:
1.
Global Recycling Day: 18th March: The Global Recycling Day is observed every
year on the 18th of March to recognise the importance of recycling as a
resource, not waste. The day strives to urge world leaders that recycling must
be a global issue and encourage people to think resourcefully and not waste
when it comes to the goods around us. This year, the event’s focus will be on
the “recycling fraternity” – those who put themselves on the frontline to
collect waste and recycling during the multiple lockdowns.
Global Recycling Day: Global Recycling
Day was created in 2018 by the Global Recycling Foundation founded by Ranjit
Baxi – who is also the founder of International Recycling Ltd, an international
business that exports waste materials from Europe and the USA for recycling
into new products in Asia. It is a day to raise awareness of the importance
recycling plays in preserving our primary resources and securing the future of
our planet.
2.
World Sleep Day: 18th March: World Sleep Day is observed on the Friday
before the March equinox every year to highlight the importance of quality
sleep. This year, it falls on March 18. World Sleep Day is a celebration of
sleep and a call to action on important issues related to sleep, including
medicine, education, social aspects and driving. It is organized by the World
Sleep Day Committee of the World Sleep Society with the objective to lessen the
burden of sleep problems on society through better prevention and management of
sleep disorders. ‘Quality Sleep, Sound Mind, Happy World’ is the theme for World
Sleep Day this year to raise awareness about the impact of sleep on the mind
and body.
History of the day: World Sleep Day
is organised by the World Sleep Society and was first observed in 2008. It has
come to be an annual awareness event ever since. The first World Sleep Day was
aimed at bringing together sleep healthcare providers to disseminate
information related to sleep around the world.
OTHER UPDATES:
BANKING AND FINANCE
1.
Bajaj Allianz General Insurance’s MD & CEO, Tapan Singhel got 5-year
extension: Bajaj
Allianz General Insurance has announced a five-year extension for its MD and
CEO, Tapan Singhel. Bajaj Allianz
General Insurance said in a statement that the new term will begin on April 1,
2022. Under Singhel’s leadership, the company has grown to become one of the
country’s largest and most profitable private general insurers, ensuring
growth, profitability, and customer-centricity.
During his decade as MD and CEO, the
business has made a cumulative underwriting profit of more than Rs 350 crore,
grown revenue at a CAGR of 16 per cent, grown net profit (PAT) at a CAGR of
more than 30 per cent, and more than doubled its solvency ratio from 156 per
cent to around 350 per cent.
Note: Bajaj Allianz General Insurance
Founded: 2001; Bajaj Allianz General Insurance Headquarters: Pune, Maharashtra.
BUSINESS AND ECONOMY
1.
IIFL Securities launched “OneUp” Primary Markets Investment Platform: IIFL Securities
Limited (Formerly India Infoline Limited) launched ‘OneUp’, India’s first primary
markets investment platform. Through this platform, investment can be made in
initial public offerings (IPOs), non-convertible debentures (NCDs) and
sovereign gold bonds (SGBs), among others. On the OneUp platform, the IPO
applications are accepted 24×7 and up to three days before the IPO bidding
opens.
Key Points:
a)
It
enables buyers to analyze, transact and handle new investment alternatives, all
on one single platform. Another unique feature of the platform is that it
allows investors to place bids for others as well, be it, friends or family
members.
b)
India
Infrastructure Finance Company Ltd (IIFCL) has raised Rs 1,500 crore in debt to
promote long-term infrastructure finance in India. It raised the funds through
private placement of Non-Convertible Debt Securities for Rs 500 crore and it
has a greenshoe option of Rs 1,000 crore. The issue was oversubscribed 6 times.
2.
Fifth payments tech startup IZealiant Technologies acquired by Razorpay: Razorpay, a fintech
unicorn, announced the purchase of IZealiant Technologies, a renowned Fintech
business that provides banks with payments technology solutions, for an
undisclosed sum. IZealiant is a Pune-based startup that offers banks and
financial institutions mobile-first, API-enabled, and cloud-ready payment processing
tools.
Key Points:
a)
Razorpay’s
Banking Solutions Arm will be strengthened by the purchase of IZealiant, which
will develop revolutionary payment banking solutions for partner banks,
allowing businesses and their end-customers to enjoy a faster, more seamless,
and secure payment experience.
b)
Razorpay’s
Banking team has worked on a number of important projects in India, including
Razorpay TokenHQ, India’s first multi-network RBI compliant card tokenization
solution, and MandateHQ, an API-based, plug-and-play recurring payments
interface for banks.
OBITUARIES
1.
WWE legend Razor Ramon passes away: The two-time WWE Hall of Famer, Scott Hall
has passed away, due to heart attack. He was 63. His tenure with World
Wrestling Federation (WWF, now WWE) began in May 1992. With WWE, he was
famously known by his ring name as ‘Razor Ramon’. He went on to become a
four-time WWE Intercontinental champion.
In 2014, Scott Hall was inducted into the
WWE Hall of Fame as an individual wrestler and then again in 2020 as part of
NWO. Scott Hall is a two-time world champ with WWC Universal Heavyweight
Championship and the USWA Unified World Heavyweight Championship.
2.
Former Andhra Pradesh Governor ‘Ms Kumudben Joshi’ passes away: The former Governor
of Andhra Pradesh, Kumudben Manishankar Joshi has passed away. She was 88. Ms
Joshi served as the Governor of Andhra Pradesh from 26 November 1985 to 7
February 1990. She was the second female Governor of the state after Sharda
Mukherjee. Joshi had been a member of the Rajya Sabha thrice.
Kumudben Manishankar Joshi also became Deputy Minister of Information and Broadcasting (October 1980 – January 1982) and Deputy Minister of Health and Family Welfare (January 1982 – December 1984).
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