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Saturday, March 11, 2023

Daily GK Update- 11th Mar, 2023

NATIONAL UPDATES:

 

1. Rohit Jawa appointed as the CEO of Hindustan Unilever Ltd (HUL): Rohit Jawa has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of Hindustan Unilever Ltd (HUL) with effect from 27th June 2023 He is presently the Chief of Transformation for Unilever and has been appointed for 5-year. He will succeed Sanjiv Mehta, who was the part of Hindustan Unilever since 2013. He will also join Unilever Leadership Executive (ULE). HUL is India's largest fast moving consumer goods company headquartered in Mumbai.

 

2. IIM Ahmedabad conference on 'FinTech: Innovation, Inclusion and Regulation': Misra Centre for Financial Markets and Economy (MCFME) at the Indian Institute of Management Ahmedabad (IIMA), along with Centre for Advanced Financial Research and Learning (CAFRAL) has organized 'International Research Conference on FinTech: Innovation, Inclusion, and Regulation'. It is a two-day conference for bringing top researchers, practitioners, and regulators from across the globe together to deliberate on key issues of FinTech.

 

3. Two-day G20 flower festival begins in New Delhi: Union Environment Minister Bhupender Yadav has inaugurated two-day G20 Flower Festival has been being organized at Delhi’s Connaught Place for highlighting the vibrancy of G20 members and guest countries. G20 countries like Japan, Singapore, and the Netherlands are participating in it. Flower plants of different colours and varieties are being displayed in different forms and installations to showcase the diversity of the Indian subcontinent.

 

4. Vote Fest 2023 inaugurated in Bengaluru to create awareness on election: Chief Election Commissioner Rajiv Kumar and Election Commissioners Anup Chandra Pandey and Arun Goel has inaugurated Vote Fest 2023 to create awareness on the election process in Bengaluru.

They also inaugurated ‘Electhon 2023’, which is a 30-hour hackathon for securing the electoral future. The fest seeks people's suggestions on improving voter turnout, ensuring the registration of new voters, and how to ensure the involvement of urban youth in the democratic process.

 

5. Swachh Bharat Mission Grameen Internship-2023 in J&K: Directorate of Rural Sanitation, Jammu and Kashmir has launched Swachh Bharat Mission Grameen Internship-2023 for engaging the youth enrolled in colleges and universities, as well as research scholars, who are interested in working in rural areas. It will provide an opportunity for young minds to gain valuable experience, develop their skills, and contribute meaningfully towards the implementation of the SBM (G) Phase II.

 

6. 3rd Session of the National Platform for Disaster Risk Reduction concluded: Third Session of the National Platform for Disaster Risk Reduction (NPDRR) has been concluded in New Delhi today. Organized by: Ministry of Home Affairs (MHA), National Disaster Management Authority (NDMA), National Disaster Response Force (NDRF), and National Institute of Disaster Management (NIDM). NPDRR was comprised of 4 Plenary Sessions, 1 Ministerial Session, and 8 Thematic Sessions with more than 1200 subject experts, practitioners, academicians and delegates.

 

7. Women and Nation Building: 1857 to the Republic exhibition held at Delhi: Arjun Ram Meghwal has inaugurated the exhibition titled ‘Women and Nation Building: 1857 to the Republic' at National Archives of India, New Delhi on 133rd Foundation Day of National Archives of India. The exhibition highlights the contributions of women in nation building and freedom struggle from 1857 in an interesting manner like Durgawati Devi and Kasturba Gandhi.

It also presents a selection of original documents drawn from the attics of the archival repository.

 

8. Siddhartha Mohanty appointed as the interim chairman of LIC: Siddhartha Mohanty has been appointed as the interim chairman of Life Insurance Corporation of India (LIC) for three months with effect from March 14, 2023. He is presently a managing director and chief executive officer (MD & CEO) of LIC Housing Finance. Currently, Bishnu Charan Patnaik, Ipe Mini, Siddhartha Mohanty, and Raj Kumar are the Managing Director of LIC. Chairman of LIC: Mangalam Ramasubramanian Kumar.

 

9. Amit Shah virtually inaugurated development project in Ahmedabad: Home Minister Amit Shah has unveiled multiple development works worth Rs 154 cr of Ahmedabad Municipal Corporation and Ahmedabad Urban Development Authority. Among which the biggest work is inauguration of a new over-bridge at Sanathal Junction on Sardar Patel Ring Road at a cost of Rs100 cr project. Shah also inaugurated Smart schools in Chandkheda, Sabarmati, Shela, Thaltej, and Sarkhej.

 

10. Piyush Goyal chaired the 6th meeting of NSAC: Union Minister of Commerce and Industry Piyush Goyal has chaired the 6th meeting of the National Startup Advisory Council (NSAC) in New Delhi. NSAC is playing an important role in identifying areas of intervention for the expansion of the startup ecosystem and ideating and nurturing national programs under the Startup India initiative. With the theme of India@2047, NSAC will plan upon matters important for evolution of Indian startup ecosystem. The Central Government had constituted the NSAC to advise the Government on measures required to build a strong ecosystem for nurturing innovation and startups in the country resulting in sustainable economic growth and large-scale employment opportunities.

 

11. Defence Ministry signed contract with HAL to procure 6 Dornier aircraft: The defence ministry has signed a contract for procurement of six Dornier-228 aircraft for the Indian Air Force (IAF) from Hindustan Aeronautics Limited (HAL) at a cost of ₹667 crore. The addition of the six aircraft will further bolster the operational capability of the IAF in remote areas. The Dornier-228 aircraft is a highly versatile multi-purpose light transport aircraft. It has been developed specifically to meet the manifold requirements of utility and commuter transport as well as for maritime surveillance. The aircraft was used by IAF for route transport roles and communication duties. Subsequently, it has also been used for training of transport pilots of the IAF. The ministry also finalized a contract with Larsen & Toubro Ltd (L&T) for the acquisition of three cadet training ships worth over ₹3,100 crore.

 

INTERNATIONAL UPDATES:

 

1. Xi Jinping elected as President of China for historic third term: Xi Jinping has secured an unprecedented third term as the President of China and has been re-elected as the General Secretary of the Communist Party for five-year. Nearly 3,000 members of China's rubber-stamp parliament, National People's Congress (NPC), voted unanimously for Xi Jinping to be president.

Apart from him, Zhao Leji has been elected as the new parliament chair and Han Zheng as the new vice president.

 

2. India signed MoU with US for semiconductor supply chain: India has signed an MoU with the United States for a semiconductor Supply Chain and Innovation Partnership following the Commercial Dialogue 2023. The MoU seeks to establish a collaborative mechanism between the two governments on Semiconductor Supply chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission. In this context, both sides announced the launch of a new Working Group on Talent, Innovation and Inclusive Growth under the Commercial Dialogue. This will further the cooperation on startups, SMEs, Skill Development and Entrepreneurship, including in digital and emergent technologies.

 

3. Rajkumar Singh participated in 19th BIMSTEC Ministerial Meeting: Minister of State for External Affairs Rajkumar Ranjan Singh has participated in the 19th BIMSTEC Ministerial Meeting virtually from Bangkok. The meeting was hosted by Chair Thailand. During the meeting, the Ministers approved several documents including rules of Procedure for Core BIMSTEC Mechanisms, Sectoral BIMSTEC Mechanisms and BIMSTEC’s External Relations for submission to the 6th BIMSTEC Summit. The meeting also approved the draft Host Country Agreement between India and the BIMSTEC Secretariat for establishing BIMSTEC Centre for Weather and Climate in India.

 

OTHER UPDATES:

 

SPORTS

 

1. Australia’s Shaun Marsh announced retirement from first-class cricket: Former Australia opener Shaun Marsh has announced his retirement from first-class cricket after 22 years with Western Australia and 38 Tests for Australia. Marsh appeared in 38 Test matches for Australia, beginning with an away match against Sri Lanka in Pallekele in September 2011. In his Test career, he has amassed 2,265 runs, including six centuries and ten half-centuries. Marsh made his first-class debut in 2001 at the age of 17. Marsh, who turns 40 in June, represented Australia in all three formats, scoring over 12,000 runs in first-class cricket, including 32 centuries. He also holds the record for most runs for Western Australia in all formats: 12,811 runs in 236 matches.

 

BANKING AND FINANCE

 

1. Govt releases Rs 1.4 trillion monthly instalment tax devolution to states: Central government has released Rs 1,40,318 crores as monthly instalment for March towards tax devolution to states, which is much more than the normal monthly devolution of Rs 70,159 crore made for states. This is in line with the commitment to strengthen the hands of states to accelerate their capital and developmental expenditure, an official statement said. Uttar Pradesh has received the highest instalment of Rs 24,783 crore among all states.

 

2. IDFC Mutual Fund rebrands itself as Bandhan Mutual Fund: IDFC Mutual Fund has been rebranded itself as Bandhan Mutual Fund and its schemes will reflect the new name with effect from March 13, 2023. IDFC Mutual Fund has also unveiled a new logo as the company was acquired by Bandhan Financial Holdings-led consortium in April 2022 Scheme of the fund house will be renamed to replace the word ‘IDFC’ with ‘Bandhan’. Unitholders of IDFC MF would continue to benefit from the same highquality investment approach.

 

AWARDS AND HONOURS

 

1. India won Golden & Silver Star at ‘Golden City Gate Tourism Awards: India’s Ministry of Tourism has won the Golden and Silver Stars at The International ‘Golden City Gate Tourism Awards 2023’ in ‘TV/Cinema Commercials International and Country International’ Category at ITB, Berlin. Arvind Singh, Secretary (Tourism) at ITB (Internationale Tourismus-Börse) Berlin, the world’s largest annual tourism trade fair, received the awards. The Golden City Gate tourism multi-media awards are given annually in various categories related to the tourism and hospitality sectors. The ‘Golden City Gate’ is a creative multi-media international competition for countries, cities, regions and hotels. An international jury comprising film and tourism experts judges the entries received for the awards.


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