NATIONAL UPDATES:
1. World’s First Om-Shaped Temple
inaugurated in Rajasthan: The World’s first-ever
Om-shaped temple has inaugurated in the village of Jadan in Pali
district of Rajasthan. This temple became the world’s first temple designed in
this iconic form. This architectural masterpiece will not only attract
tourists, but will also boast of an impressive visual presence that will be
visible from space too. The ‘Om Aakar’ temple spans across a vast expanse of
250 acres in Jadan Village.
2. Girija Subramanian appoints as CMD of New India
Assurance Company: The Financial Services Institutions Bureau
(FSIB) has selected Girija Subramanian as Chairman and Managing Director
(CMD) of the New India Assurance Company and Bhupesh Sushil Rahul as CMD of
United India Insurance Company. The post of CMD at United India has been vacant
since February 2024 following the retirement of Satyajit Tripathy, and Neerja
Kapur’s tenure at New India Assurance is set to end in April 2024. Girija
Subramanian is currently the CMD of the Agriculture Insurance Company of India,
and B S Rahul serves as the general manager at the same company.
3. 30 March – Rajasthan Diwas: Rajasthan Diwas is celebrated every
year on 30 March. This year Rajasthan celebrates its 75th anniversary. On
this day in 1949, 19 princely states and 3 states were merged to form the state
of Rajasthan after a process that took eight and a half years. On January 14,
1949, Sardar Vallabhbhai Patel announced the merger of the princely states of
Jaipur, Bikaner, Jodhpur, and Jaisalmer in a public meeting in Udaipur. To
implement this announcement, Patel inaugurated Greater Rajasthan in a ceremony
in Jaipur on March 30, 1949.
4. Kerala Government Challenges
Governor’s Role in Lawmaking Process: The Kerala government has recently approached the Supreme Court, raising
concerns about President Droupadi Murmu withholding assent to four Bills passed
by the state without disclosing any reason, and Governor Arif Mohammed Khan
withholding assent to seven Bills for extended ..
5. Plastic Waste Management (Amendment)
Rules, 2024: The
Environment Ministry of India has recently introduced new rules that make it
more difficult for manufacturers of disposable plastic products to label them
as ‘biodegradable.’ The updated Plastic Waste Management (Amendment) Rules,
2024, now require that biodegradable plastics not ..
INTERNATIONAL UPDATES:
1. World’s largest copper manufacturing plant owned by
Adani Group: Billionaire Gautam Adani-led group has
started of the first phase of the world’s largest single-location copper
manufacturing plant at Mundra in Gujarat, which will help cut India’s
dependence on imports and aid energy transition. The 1st phase of the facility
will produce 0.5 million tonnes a year of refined copper. India joins China and
other nations that are rapidly expanding production of copper. India’s per
capita copper consumption is around 0.6 kg and the global average is 3.2 kg.
2. India, Mozambique, and Tanzania
Conclude Trilateral Naval Exercise IMT TRILAT 24: The second edition of the
India-Mozambique-Tanzania Trilateral Exercise (IMT TRILAT 24) concluded at
Nacala, Mozambique, on March 28, 2024. The week-long exercise, which took place
from March 21 to 28, aimed to enhance maritime cooperation and interoperability
between the navies
3. Multiple Myeloma Awareness Month: Multiple Myeloma
Awareness Month is observed annually in March to raise awareness about a rare
type of blood cancer that develops in the bones and other parts of the body.
What is Multiple Myeloma? Multiple myeloma is a form of ..
OTHER UPDATES:
DEFENCE
1. IIM Mumbai and Starburst collaborate to boost
aerospace, defence startups: The Indian Institute
of Management (IIM) Mumbai has partnered with Europe’s Starburst, in
a bid to boost the aerospace, new space, and defence (ASD)
industry in India. The partnership aims to strengthen India’s position as
a hub for ASD innovation on the global stage, as well as offer a conducive
environment for innovation and entrepreneurship. This strategic collaboration
between IIM Mumbai and Starburst signifies a crucial step towards nurturing and
empowering the burgeoning ASD startup ecosystem in India.
2. LCA Tejas MK-1A completes maiden flight in Bengaluru: The Hindustan Aeronautics Limited
(HAL) has successfully completed the first flight of indigenous light
combat aircraft (LCA) Tejas Mark 1A fighter jet in Bengaluru. The aircraft was
airborne for 15 minutes during its first flight. The fighter aircraft is likely
to be deployed at Nal airbase in Rajasthan’s Bikaner near the Pakistan border
where it can take care of the western adversary. LCA Mk-1A is an advanced
variant of the LCA Mk-1, and it has advanced electronic radar, superior warfare
capabilities, and improved maintenance features.
SPORTS
1. IIT Madras to host the 6th Shaastra Rapid FIDE Rated
Chess Tournament: An International Chess Federation
(FIDE)-rated Rapid Chess
Tournament will be hosted by IIT Madras. More than 35 players from the institute will take
part in the event. The ‘6th Shaastra Rapid FIDE Rated Chess Tournament’ will
witness the participation of six Grandmasters, sixteen International Masters,
three Women Grandmasters and a Women International Master. The total prize fund
of the tournament is ₹5,00,000 with the first prize being ₹65,000. The
tournament not only offers substantial prize funds but also attracts a diverse
range of player.
BANKING AND FINANCE
1. Axis Bank launches Digital US Dollar Fixed Deposits
for NRIs at GIFT City: Axis Bank has launched the digital
US dollar Fixed Deposits (FD) tailored for Non-Resident Indian (NRI) customers at
the IFSC Banking Unit (IBU) situated in GIFT City, Gujarat. The US Dollar fixed deposit scheme offers a
diverse array of investment tenures ranging from seven days to an extensive ten
years. Additionally, customers retain the flexibility to request partial or
full premature closure of their FD through the Axis Bank mobile application,
enhancing their control and convenience over their investments.
AWARDS AND HONOURS
1. Vijay Jain bagged prestigious Times Power Icon 2024 Award: Managing Director of Star Estate, Vijay Jain has been awarded the prestigious Times Power Icon 2024 Award. The award ceremony, held recently in Noida, was organized by The Times Group.
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