NATIONAL UPDATES:
1. Nitin Gadkari laid foundation stone of Dharma Path in
Jaunpur: Union Minister for Road Transport and
Highways Nitin Gadkari laid
the foundation stone of Dharma
Path in Uttar Pradesh's Jaunpur. This Dharma Path will connect
Jaunpur with Ayodhya, Varanasi, and Mirzapur.
In
this, a four-lane road will be constructed from Hauz to Purvanchal University
and from Purvanchal University to Shahganj for 3,405 crore rupees. In this, a
four-lane road will be built on the Jaunpur to Akbarpur route under National
Highway No. 135-A.
2. Ministry of MSME organized CPSE Conclave on Public
Procurement Policy: The ministry of MSME organized the CPSE Conclave on Public Procurement
Policy in Delhi to recognize the contribution of Central Public Sector
Enterprises, CPSEs towards fulfilling the mandate under Public Procurement
Policy. The conclave provided an interactive platform to deliberate upon new
interventions and ideas on the successful implementation of the Public
Procurement Policy mandate. The conclave focussed on sensitizing, recognizing,
and felicitating the CPSEs.
3. Cabinet approves Rs 75,021 crore rooftop solar scheme
for 10 mn households: The Union Cabinet approved a rooftop solar scheme as 'PM Surya Ghar: Muft Bijli Yojana' to
install rooftop solar panels across 10 million households with a total outlay
of Rs 75,021 crore. Beneficiaries of the government's rooftop solar
scheme Pradhanmantri Surya Ghar:
Muft Bijli Yojana will get free electricity of up to 300 units per
month. This will mean a Rs 30,000 subsidy for a 1 kW system, Rs 60,000 for 2 kW
systems, and Rs 78,000 for 3 kW systems or higher.
4. Smriti Irani launches revamped Jiyo Parsi Programme: Union Minister Smriti Zubin Irani launched the revamped Jiyo Parsi
Programme and the Avesta-Pahlavi
Language Centre at the Mumbai University in an event at New Delhi. The
importance of the revival of languishing languages, especially those related to
notified minority communities. The MMA in collaboration with Mumbai University
aims to establish the Centre and required infrastructure for undertaking
different programs with an amount of 11.20 Crore rupees.
5. V K Paul launches National Birth
Defects Awareness Month 2024 in New Delhi: Dr V K Paul(NITI Aayog Member) launched the
National Birth Defects Awareness Month 2024 at a function in New Delhi. The
theme of National Birth Defect Awareness Month 2024 is “Breaking barriers: inclusive support for children with birth defects”.
Under the Rashtriya Bal Swasthya Karyakram of the Health Ministry, various
activities for nationwide awareness of birth defect prevention and psychosocial
impact will take place throughout the month.
INTERNATIONAL UPDATES:
1. Zero Discrimination Day 2024: March 1: Zero Discrimination Day is observed every year on March 1 to promote inclusion, equality, and
peace and raise awareness about the impact of discrimination worldwide. The
theme for Zero Discrimination Day 2024 is “To protect everyone's health, protect everyone's rights." The
day was first celebrated on March 1, 2014,established by UNAIDS.
2. World Seagrass Day 2024:March 1: ‘World Seagrass Day’ is celebrated every year on 1 March. This day is celebrated to raise
awareness about seagrass and its important functions in the marine ecosystem. The
theme of World Seagrass Day for the year 2024 has been set as “Healthy Seagrass, Healthy Planet”.
3. Russia launches Iran's imaging satellite 'Pars 1' into
space: Russia launched Pars 1, an
Iranian imaging satellite, into space. This satellite 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 launch of the Pars 1 satellite from Russia was in line with the
development of space and international interactions with various countries.
4. 2nd India-Italy Consular Dialogue held in New Delhi: The 2nd India-Italy Consular Dialogue was
held in New Delhi. The Dialogue between the two strategic partner countries
reinforced the strong people-to-people ties and cooperation that both countries
share across consular issues of mutual interest. Both sides discussed ways of
enhancing cooperation on a wide range of issues such as quicker visa
processing, mobility of students and professionals, safe and legal migration
and enabling smooth travel of their nationals.
5. India’s rank remains unchanged at 42 in International
IP Index 2024: India ranks 42nd in the International
IP Index for 2024, out of 55 countries evaluated. India’s overall
score also remained unchanged at 38.64 percent according to the 12th edition of
the US Chamber of Commerce’s Global Innovation Policy Center’s International IP
Index. The Index evaluates the IP frameworks of the world’s top 55 economies,
revealing significant improvements in 20 economies. While the United States is
once again the world leader, there were notable advancements led by Saudi
Arabia, Brazil, and Nigeria.
6. 1 March – World Seagrass Day: World Seagrass Day is observed every year on March 1. This day is celebrated to raise awareness about seagrass
and its important functions in the marine ecosystem. Theme 2024 – Healthy
Seagrass, Healthy Planet On 23 May 2022, the United Nations General Assembly
(UNGA) declared 1 March as World Seagrass Day. It is celebrated annually by
UNGA. The UNEP was also invited to facilitate the observance of the day. In
this way the first World Seagrass Day was organized in 2023.
OTHER UPDATES:
DEFENCE
1. DRDO conducts successful flight test of VSHORADS
missile in Chandipur: Defence Research and Development Organisation
(DRDO) conducted a successful flight test of a Very Short-Range Air Defence
System VSHORADS missile from a ground-based portable launcher off the coast of
Odisha from the Integrated Test Range in Chandipur The test was carried out
against high-speed unmanned aerial targets under different interception
scenarios During the test flight, the targets were intercepted and destroyed by
the missiles, meeting the mission objective
2. 1 March – World Civil Defence Day: World Civil Defence Day is observed every year on 1
March. This international event serves as a crucial reminder of the
importance of being prepared for emergencies and disasters. World Civil Defence
Day was first established in 1990 by the International Civil Defence
Organisation (ICDO) to commemorate the anniversary of the adoption of the
ICDO’s Constitution.
BANKING AND FINANCE
1. Paytm discontinues inter-company agreements with Paytm
Payments Bank: Fintech major Paytm has mutually agreed to discontinue various
inter-company agreements with its payments bank unit Paytm Payments Bank (PPBL)
to “reduce dependencies". The
goal is to enhance the governance of Paytm Payments Bank, making it more
independent of its shareholders. The RBI instructed PPBL to cease further
deposits, credit transactions, and top-ups on customer accounts after March 15.
2. RBI cancels licence of Rajasthan-based Sumerpur
Mercantile Urban Coop Bank: The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile
Urban Cooperative Bank, Pali (Rajasthan), as the lender does not
have adequate capital and earning prospects. The Registrar of Cooperative
Societies, Rajasthan, has also been requested to issue an order for winding up
the bank and appoint a liquidator. On liquidation, every depositor will be
entitled to receive deposit insurance claim amount of his/her deposits up to Rs
5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC).
AWARDS AND HONOURS
1. Sunil Bharti Mittal receives Honorary Knighthood from King Charles: Bharti Enterprises founder and chairman, Sunil Bharti Mittal has become the first Indian citizen to receive an Honorary Knighthood from the 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 An honorary Knighthood is one of the highest honours granted by the British Sovereign to civilians
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