Daily Current Affairs – March 05, 2024
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Daily Current Affairs - Banking - March 05, 2024
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International News
Comoros and Timor-Leste were the new members of World Trade Organization (WTO)
- During the 13th WTO Ministerial Conference (MC13) held in Abu Dhabi, Ministers formally approved the WTO membership terms of Comoros and Timor-Leste.
- The Conference was chaired by H. Dr Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade.
- The Ministerial Conference brought together nearly 4,000 ministers, senior trade officials and other delegates from the WTO’s 164 members and observers as well as representatives from civil society, business and the global media.
- World Trade Organization (WTO) – 01/01/1995 (Founded) – Geneva, Switzerland (HQ) – Ngozi Okonjo-Iweala (Director General) – 164 members (160 UN member states, the European Union, Hong Kong, Macao, and Taiwan) – English, French, Spanish (Official Language)
France becomes the only country to explicitly guarantee abortion as a constitutional right
- French lawmakers overwhelmingly approved a bill to enshrine abortion rights in France’s constitution, making it the only country to explicitly guarantee a woman’s right to voluntarily terminate a pregnancy.
- The historic move was proposed by President Emmanuel Macron as a way to prevent the kind of rollback of abortion rights seen in the United States in recent years, and the vote during a special joint session of parliament drew a long-standing ovation among lawmakers.
- The measure was approved in a 780-72 vote in the Palace of Versailles.
- Abortion enjoys wide support in France across most of the political spectrum, and has been legal since
- France – Paris (Capital) – Euro (Currency) – Emmanuel Macron (President) – Élisabeth Borne (Prime Minister) – French (Official Language)
State News
Prime Minister laid foundation stones for various development projects in Telangana & Odisha
- He also inaugurated and laid the foundation stone for multiple developmental projects worth ₹19,600 crore in Chandikhol, Jajpur district of Odisha including oil and gas, railways, road, transport, national highways and atomic energy.
- Prime Minister Narendra Modi inaugurated and laid the foundation stone for multiple developmental projects in Telangana’s Adilabad, totaling more than ₹56,000 crores more than 30 development projects in the power, rail, and road sectors and also development projects worth more than ₹6,800 crores in Sangareddy district of Telangana.
Dr. Mansukh Mandaviya inaugurates 3 new CIPET at Himachal Pradesh, Jharkhand and Madhya Pradesh
- Union Minister of Chemicals and Fertilisers and Health and Family Welfare Mansukh Mandaviya virtually inaugurated 3 centers of Central Institute of Petrochemicals Engineering & Technology (CIPET) established in Himachal Pradesh, Jharkhand and Madhya Pradesh from New Delhi.
- These three new CIPET centres dedicated to the nation by the Minister are CSTS Baddi (Himachal Pradesh), CSTS, Ranchi (Jharkhand), and CSTS Gwalior (MP).
- The Union Health Minister also inaugurated the 27th convocation of Rashtriya Ayurveda Vidyapeeth, the 29th National Seminar on ‘Ayurvedo Amritanam’ and launched the AYUSH-ICMR Advanced Centre for Integrated Health Research in AIIMS.
- Ministry of Chemicals and Fertilizers – Mansukh Laxmanbhai Mandaviya,Union Minister (Rajya Sabha MP,Gujarat) – Bhagawanth Khuba,Minister of State (Bidar,Karnataka)
Schemes
Himachal Pradesh - ‘Indira Gandhi Pyari Behna Sukh Samman Nidhi Yojana’
- Himachal Pradesh Chief Minister Sukhvinder Sukhu announced that under ‘Indira Gandhi Pyari Behna Sukh Samman Nidhi Yojana’, all the women above 18 years of age of the State will be given ₹1,500 per month.
- The financial assistance will be given during the ongoing financial year, which will put an additional financial burden of about ₹800 crores annually on the State exchequer.
- Around 5 lakh women were expected to benefit from the scheme.
- The decision reflects the government’s sensitivity towards women and the amount would aid in their financial and social upliftment.
- The government was already providing ₹1,500 to all the women of district Lahaul-Spiti and to all women of the State aged above 60 years since February 2024, under the scheme.
Delhi - Mukhyamantri Mahila Samman Yojana
- The Aam Aadmi Party (AAP) government in Delhi announced the Mukhyamantri Mahila Samman Yojana in the Budget for 2024-25 under which every woman over 18 years will receive an honorarium of ₹1,000 a month.
- The scheme will exclude tax payers, beneficiaries of government pension schemes and government employees.
- Around 45-50 lakh women voters will benefit from this scheme.
Banking and Finance
Tata Power subsidiary renews partnership with Union Bank for rooftop solar scheme
- Tata Power Solar Systems Limited (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced the renewal of its partnership with Union Bank of India (UBI) to offer financing solutions for solar projects, in line with the government’s PM Surya Ghar Muft Bijli Yojana.
- With loan limits extended up to ₹15 lakh for residential customers and ₹16 crore for commercial and industrial (C&I) customers, the renewed scheme plans to provide financing up to 80 per cent and 85 per cent, respectively.
- They will have access to collateral-free financing options for easy transition to solar energy.
- The loan tenure has also been extended up to 10 years.
- The renewed three-year agreement includes both residential and C&I segments.
- Tata Power Solar Systems Limited (TPSSL) – 1989 (Founded) – Mumbai (HQ) – Ashish Khanna (CEO)
Infibeam Avenues gets RBI's authorisation for payment aggregator licence
- India’s first listed AI-powered fintech company, Infibeam Avenues, received the final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for its payment gateway brand, CCAvenue.
- The company had earlier launched the CCAvenue mobile app, which features India’s first pin-on-glass SoftPoS solution – CCAvenue TapPay for Merchants and Kiranas across the country.
Business and Economy
L&T commissions indigenously built hydrogen electrolyser in Gujarat
- Larsen & Toubro (L&T) commissioned its first indigenously manufactured electrolyser at the Green Hydrogen Plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat.
- The electrolyser can produce 200 Nm3/Hr of hydrogen and is equipped with two stacks and an Electrolyser Processing Unit (EPU) ML-400, which is indigenously manufactured and assembled.
- It offers flexibility and thermal stability.
- Larsen & Toubro (L&T) – 1938 (Founded) – Mumbai (HQ) – S N Subrahmanyan (Chairman & MD)
Agreements and MoUs signed
Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI)
- Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications.
- The MoU was inked with Chairman & Managing Director, BEML Limited Shantanu Roy; CMD, MIDHANI Dr SK Jha; and CMD, BEL Shri Bhanu Prakash Srivastava.
- This collaborative initiative will focus on leveraging indigenous capabilities to design, test, and manufacture an Advanced Fuelling and Control System that offers enhanced efficiency, performance, and reliability.
- By harnessing the latest advancements in engine technology and control systems, the companies aim to extend their domain expertise for development of engine systems which will ensure self-reliance in the field of Combat vehicles.
- The MoU corroborates the resolve of the Government to develop complex technologies within the country under the ‘Aatmanirbhar Bharat’ initiative.
- Bharat Electronics Limited (BEL) – 1957 (Founded) – Bangalore (HQ) – Bhanu Prakash Srivastava (Chairman & Managing Director)
- BEML Limited (Bharat Earth Movers Limited) – 11/05/1964 (Founded) – Bengaluru (HQ) – Shantanu Roy (Chairman)
Science and Technology
Google unveils Genie AI which can create video games from text and image prompts
- Google’s DeepMind team has unveiled “Genie” – a groundbreaking AI model poised to revolutionise the gaming industry and creative endeavours alike.
- Genie introduced as an innovative platform capable of crafting interactive 2D video games from a single image prompt or text description, marks a significant leap forward in the realm of artificial intelligence.
- Developed by Google DeepMind’s Open-Endedness Team, this pioneering project signifies a fusion of cutting-edge technology and imaginative potential.
- Unlike its predecessors, Genie operates on a unique principle.
- Drawing insights from a vast dataset comprising 200,000 hours of unlabelled video footage predominantly from 2D platformer games, this AI marvel learns through observation rather than explicit instruction.
- By discerning patterns and interactions within the videos, Genie transcends traditional limitations, empowering it to generate immersive gaming experiences from minimal input.
ISRO’s EOS-6 satellite enables precise air quality monitoring
- The Indian Space Research Organisation (ISRO) has developed and validated an Ocean Colour Monitor (OCM-3) Aerosol Optical Depth (AOD)
- This data product enables determining the intricacies of air quality dynamics over the landmass of the Indian subcontinent.
- It is developed using the SAC Aerosol Retrieval (SAER) algorithm, an innovative tool.
- It utilises EOS-6 satellite data.
- This advancement is enabled by the 1 km spatial resolution of the OCM-3 onboard EOS-6.
- The satellite EOS-6, launched in November 2022, is equipped with a state-of-the-art OCM sensor, marking a significant leap in the ability to monitor atmospheric aerosols.
- OCM-3 AOD product data provides unprecedented insights into aerosol concentrations across the Indian landmass.
- It delves deep into the particulate matter suspended in the atmosphere, empowering researchers to navigate the complexities of air quality dynamics with precision.
- Its high-resolution data reveals the dynamics of particulate matter (PM2.5/PM10), offering insights into their distribution and transport over metropolitan areas.
- Beyond the Indian skies, the OCM-3 AOD product serves as a global resource for monitoring aerosols worldwide, offering insights into aerosol blankets from diverse sources such as South Asian fires and Canadian wildfires.
- Indian Space Research Organisation (ISRO) – 15/08/1969 (Founded) – Bangalore, India (HQ) – Sreedhara Somanath (Chairman)
Acquisitions and Mergers
RBI approves merger of Fincare and AU Small Finance Bank
- The Reserve Bank of India (RBI) has sanctioned the Scheme of Amalgamation of Fincare Small Finance Bank Ltd. (Transferor Bank) with AU Small Finance Bank Ltd. (Transferee Bank).
- The effective date of the amalgamation shall be April 01, 2024.
- All the branches of Fincare Small Finance Bank Ltd. will function as branches of AU Small Finance Bank Ltd. with effect from April 01, 2024.
Sports News
Khelo India University Games 2024
- The 4th edition of Khelo India University Games was held on February 2024, across the seven Indian north-eastern states.
- A total of 770 medals – 240 gold, 240 silver and 290 bronze – were on offer at the 11-day meet.
- Over 200 Indian universities competed for the KIUG 2024 title with around 4,500 athletes taking part in 20 sports.
- This was the first time that the KIUG was held in northeast India.
- Assam hosted the majority of the events while weightlifting was held in Arunachal Pradesh, archery in Meghalaya, men’s football in Mizoram, men’s boxing in Sikkim, wrestling in Nagaland and yogasana events in
- Chandigarh University claimed the title with a haul of 32 gold medals.
Rank
University
Gold medals
Silver medals
Bronze medals
Total medals
1
Chandigarh University, Punjab
32
18
21
71
2
Lovely Professional University, Punjab
20
14
8
42
3
Guru Nanak Dev University, Punjab
12
20
19
51
4
Panjab University, Chandigarh
12
12
16
40
5
Jain University, Karnataka
12
7
6
25
Edition
Winner
Runner-up
Host
2020
Panjab University, Chandigarh
Savitribai Phule Pune University
Bhubaneshwar, Odisha
2021
Jain University, Karnataka
Lovely Professional University
Bengaluru Karnataka
2022
Panjab University, Chandigarh
Guru Nanak Dev University
Uttar Pradesh
2023
Chandigarh University
Lovely Professional University
Northeast states
Sunny Singh Gill set to become first referee of Indian descent to control an EPL game
- The 39-year-old Sunny Singh Gill was appointed as first referee of Indian descent in English Premier League for Crystal Palace’s game against Luton at Selhurst Park in London.
- He will become the first British South Asian to referee a match in the competition.
- He is following the lead set by his father, Jarnail Singh Gill, who remains the only English league football referee to have worn a turban.
- The Premier League is the highest level of the English football league system.
Indian shuttler B Sai Praneeth announces retirement from international badminton
- Indian shuttler B Sai Praneeth has announced his retirement from international badminton.
- He became the first Indian male shuttler in 36 years to win a bronze medal in the BWF World Championships in 2019 after Prakash Padukone in 1983.
- He was honoured with the Arjuna Award in
Important Days
International Day for Disarmament and Non-Proliferation Awareness 2024
- International Day for Disarmament and Non-Proliferation Awareness is annually observed on March 5.
- The day seeks to promote better awareness and understanding of disarmament issues among the public, especially young people.
- The day was established by the United Nations General Assembly in 2021.
Dissociative Identity Disorder Awareness Day 2024
- Dissociative Identity Disorder Awareness Day is annually observed on March 5.
- The Day is observed to raise awareness about the difficulties faced by people with Dissociative Identity Disorder and what we can do to improve their standards of life.
- Dissociative Identity Disorder, also known as Multiple Personality Disorder, is the condition where a person believes that he/she has multiple people living inside their minds.
- Each person has their own likes, dislikes, history and personalities.
- They are often controlled by multiple personalities and may face difficulties getting on with their normal lives.
- Some of the symptoms of Dissociative Identity Disorder are impulsivity, self-destructive behaviour, or self-harm, anxiety, dissociation and mood swings.
Defence
Suman Kumari is the BSF's ‘first woman sniper’
- A sub-inspector named Suman Kumari has become the first woman sniper of the Border Security Force.
- She recently completed eight-week sniper course at Central School of Weapons and Tactics(CSWT) in Indore and achieved ‘instructor grade’.
- Border Security Force – 01/12/1965 (Founded) – New Delhi (HQ) – Nitin Agarwal (Director General)
Daily Current Affairs - March 05, 2024 - Consolidated
- Comoros and Timor-Leste were the new members of World Trade Organization (WTO)
- France becomes the only country to explicitly guarantee abortion as a constitutional right
- Prime Minister laid foundation stones for various development projects in Telangana & Odisha
- Mansukh Mandaviya inaugurates 3 new CIPET at Himachal Pradesh, Jharkhand and Madhya Pradesh
- Himachal Pradesh – ‘Indira Gandhi Pyari Behna Sukh Samman Nidhi Yojana’
- Delhi – Mukhyamantri Mahila Samman Yojana
- Tata Power subsidiary renews partnership with Union Bank for rooftop solar scheme
- Infibeam Avenues gets RBI’s authorisation for payment aggregator licence
- L&T commissions indigenously built hydrogen electrolyser in Gujarat
- Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI)
- Google unveils Genie AI which can create video games from text and image prompts
- ISRO’s EOS-6 satellite enables precise air quality monitoring
- RBI approves merger of Fincare and AU Small Finance Bank
- Khelo India University Games 2024
- Sunny Singh Gill set to become first referee of Indian descent to control an EPL game
- Indian shuttler B Sai Praneeth announces retirement from international badminton
- International Day for Disarmament and Non-Proliferation Awareness 2024
- Dissociative Identity Disorder Awareness Day 2024
- Suman Kumari is the BSF’s ‘first woman sniper’
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