Daily Current Affairs – March 17 & 18, 2024
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Daily Current Affairs - Banking - March 17 & 18, 2024
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National News
Ministry of Minority Affairs gave approval for various projects
- The Ministry of Minority Affairs has taken a significant stride in digital infrastructure development in NIT Jalandhar by allocating ₹21.01 Crore for the Development of ‘5G and beyond and Cyber Security Lab’ and has also taken a significant stride in infrastructure development in Nagaland by allocating ₹172.108 Crore for the Development of ‘Multidisciplinary Sports Complex’ and ‘Women Entrepreneurship Facilitation Centres’.
- Also taken a significant stride in infrastructure development in the North Eastern Himalayan University (NEHU) by allocating ₹92.34 Crore for the ‘construction of 4 hostels and one auditorium’ and has also taken a significant stride in infrastructure development in Uttarakhand by allocating ₹101.27 Crore for the development of Educational Infrastructure for at different institutes that would cater to approx. 1,05,818 Lakh population out of which more than 25% belongs to the minority communities.
- And has taken a significant stride in infrastructure development in Karnataka by allocating ₹127.23 Crore for the development of Educational Infrastructure in 12 institutes that would cater to 4200 students out of which 3150 belong to minority population.
- Ministry of Minority Affairs – Smriti Zubin Irani,Union Minister (Amethi,UP) – John Barla,Minister of State (Alipurduars,West Bengal)
Election Commission Announces Para Archer & Arjuna Awardee Sheetal Devi as National PwD Icon
- Election Commission has announced Para Archer and Arjuna Awardee (2023), Sheetal Devi as its National PwD Icon.
- Her name was announced at an Exhibition Cricket Match between the Indian Deaf Cricket Association Team and the Delhi and District Cricket Association team held in Delhi.
- The match was organised by the Election Commission in association with the Board of Control for Cricket in India to foster voter education and inclusivity.
International News
Centre to purchase 1,650 tonnes of onions for exports to Bangladesh
- National Cooperative Export Ltd (NCEL), the government’s export agency, has announced plans to purchase 1,650 tonnes of onions from private traders at ₹29/kg for export to Bangladesh.
- This move marks the first official export of onions from India in over three months, following the government’s ban on exports from December 8 to March 31.
- Between April 1, 2023, and August 4, 2023, a total of 975,000 tonnes of onions were exported from India, with Bangladesh, Malaysia, and the UAE emerging as the top importing countries in terms of value.
State News
Arjun Munda virtually lays foundation stone to establish a 'Centre for Preservation and promotion of Tribal Culture & Heritage' at Padampur, Kharsawan district, Jharkhand
- Union Minister for Tribal Affairs; Agriculture and Farmers’ Welfare, Arjun Munda, virtually laid the foundation stone of ‘Centre for Preservation and promotion of Tribal Culture & Heritage’ at Padampur, Kharsawan district, Jharkhand.
- The museum is an effort to depict and preserve the rich legacy of the tribal community in the State of Jharkhand, while showcasing the rich tribal way of life and culture.
- Union Ministry for Tribal Affairs has approved this initiative by allocating a budget of ₹10 crores for the establishment of this Centre in Kharsawan district of Jharkhand.
Schemes
Chhattisgarh Chief Minister Inaugurates 'Krishak Unnati Yojana'
- Chhattisgarh Chief Minister Vishnu Deo Sai launched ‘Krishak Unnati Yojna’ to provide input assistance to farmers and released ₹13,320 crores to 72 lakh cultivators.
- The scheme was launched at a function at Saryu Prasad Agrawal stadium in Balod district.
Prime Minister Distributes 1,000 Drones to Women’s Self-Help Groups In Villages
- Prime Minister Narendra Modi had distributed 1,000 drones to women’s self-help groups in villages under the Namo Drone Didi Yojana.
- The initiative was launched by Modi on November 30 2023 after his interaction with women beneficiaries of the Viksit Bharat Sankalp Yatra.
- It aims to provide drones to 15,000 women Self Help Groups (SHGs) in the next two years to be rented out to farmers for agricultural purposes.
- The women beneficiaries are trained to become drone pilots under the initiative.
- The scheme will cover 15,000 women SHGs, to be identified from among 89 lakh SHGs formed under the Centre’s Deendayal Antyodaya Yojana, and will provide them a sustainable business model and livelihood support.
- The Centre will provide each SHG identified a subsidy up to 80 per cent towards the cost of a drone or a maximum of ₹8 lakh.
- It is expected to generate an additional income of about ₹1 lakh per head for them.
- A drone cost around ₹10 lakh, and after 80 per cent financial support from the Centre SHGs can seek a loan for the balance 20 per cent from banks at subsidised interest rates to buy drones and deploy them with the help of trained women drone pilots.
- Under the scheme, representatives of women SHGs will be provided 15 days of training 5 days training for operating a drone and the rest for nutrient and pesticide application.
- After the training, the representatives will become qualified Namo Drone Didis.
Banking and Finance
Insurance sector attracted ₹54,000 crore FDI in last 9 years
- Financial Services Secretary Vivek Joshi announced that The insurance sector has received close to ₹54,000 crores as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government.
- The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021.
- The permissible FDI limit for insurance intermediaries was increased to 100 per cent in 2019.
- As a result, ₹53,900 crore of FDI was received in insurance companies between December 2014 and January 2024.
- During the period, Joshi said, the number of insurance players increased from 53 to 70 as of January 2024.
- Insurance penetration increased from 9 per cent in 2013-14 to 4 per cent in 2022-23 while insurance density rose from USD 52 in 2013-14 to USD 92 in 2022-23.
Nature
A new flowering plant found in Arunachal Pradesh
- A new colourful flowering plant species, ‘Begonia Narahari’, with a distinctive feature of displaying a vivid blue iridescence in direct light, was discovered in Mishmi Hills of Arunachal Pradesh’s Lohit district by scientists.
- The plant has been named after a scientist from Hyderabad, Narahari Sastry, who also happens to be a former CSIR-Director of North East Institute of Science and Technology (NEIST), Jorhat (Assam).
- This new species was found to be growing on hill slopes composed of sandstone, covered by different species of mosses and ferns, together by University of Science & Technology Meghalaya (USTM)’s assistant professor Nazir Ahmad Bhat and research scholar Bipankar Hajong under the supervision of senior scientist Pankaj Bharali – both from CSIR-NEIST.
Appointments
M Baazar Welcomes Bollywood Stars Kriti Sanon and Pavail Gulati as Brand Ambassadors
- M Baazar, one of Eastern India’s leading fashion retailers, proudly announces its partnership with Bollywood’s dynamic diva, Kriti Sanon, as its newest brand ambassador.
- The brand has also chosen Pavail Gulati as its other new face.
Vladimir Putin Wins Russian Presidential Elections
- Russian President Vladimir Putin has clinched a historic fifth term, securing a landslide victory in the presidential polls.
- He claimed another six-year term by getting 87 per cent of the vote with 80 per cent of the precincts counted.
- He served between 2000 to 2008 and 2012 to present.
- He also served as Prime Minister of Russia between 2008 to 2012.
- Russia – Moscow (Capital) – Russian Ruble (Currency) – Vladimir Putin (President) – Mikhail Mishustin (Prime Minister) – Russian (Official Language) – Asia
Vaughan Gething Wins Welsh Labour Leadership Election
- Vaughan Gething beat Jeremy Miles to narrowly win the Welsh Labour leadership election.
- His election makes him the new first minister of Wales and the first-ever Black leader of a European country.
Telangana Governor and Puducherry Lt. Governor resigns
- The Hon’ble Governor of Telangana and Lieutenant Governor of Puducherry Tamilisai Soundararajan has tendered her resignation with immediate effect.
P&G India appoints Kumar Venkatasubramanian as CEO
- Kumar Venkatasubramanian will be the new chief executive officer (CEO) of Procter & Gamble India beginning May 1, as the incumbent LV Vaidyanathan has decided to move on after 28 years at the FMCG (Fast Moving Consumer Goods) giant.
Awards and Recognitions
Sangita Kalanidhi award for T.M. Krishna, Nritya Kalanidhi for Neena Prasad
- Noted carnatic vocalist and Magsaysay award winner M. Krishna has been selected for the Sangita Kalanidhi award of the Music Academy for 2024.
- The Sangita Kala Acharya awards will be presented to mridhangam player Parasala Ravi (V. Raveendran Nair) and vocalist Geetha Raja.
- TTK Awards will go to Thiruvaiyyaru Brothers S. Narasimhan and S. Venkatesan, who are from a musical lineage that stretches back to Tyagaraja.
- Another artiste who will get the award is violinist K. Narasimhamurthy.
- The Musicologist Award will be given to Margaret Bastin.
- This year’s Nritya Kalanidhi award will be presented to Neena Prasad.
- The Sangita Kalanidhi awardee will preside over the academic sessions of the 98th Annual Conference and Concerts of The Music Academy to be held between December 15, 2024 and January 1, 2025, and will receive the award, together with those selected for the Sangita Kala Acharya, the TTK and the Musicologist awards at the Sadas on January 1, 2025.
- The Nritya Kalanidhi awardee will receive the award at the inauguration of The Music Academy’s 18th Annual Dance Festival on January 3, 2025.
- Sangeetha Kalanidhi or Sangeeta Kalanidhi or Sangita Kalanidhi is the title awarded yearly to a Carnatic musician by the Madras Music Academy.
Author Rakhi Kapoor receives The Prestigious Golden Book Award 2024
- Author Rakhi Kapoor wins her 2nd Golden Book Award for her 26th book titled Breaking Free Embracing Me – healing from childhood abuse and Toxic Conditioning.
- After winning multiple awards including the Golden Book Award 2023 for her 25th book Now You Breathe – Overcoming Toxic Relationships and abuse.
- The Golden Book awards are judged by a panel of literary experts, like Dr Kailash Pinjani (President Indian Authors Association), Dr Deepak Parbat (Founder of Superfast Author) & Murali Sundaram (Founder of TLC), who choose the winners based on factors such as originality, creativity, and impact on the literary world.
Obituary
Lama Lobzang Passes Away
- Former member of the National Commission for Scheduled Castes and Scheduled Tribes and Prominent Buddhist Monk of Ladakh popularly known as Lama Lobzang passes away at 94.
- He has served the National Commission for Scheduled Castes and Scheduled Tribes for 19 years since
- When the National Commission for Scheduled Castes and Scheduled Tribes became constitutional through an amendment of Article 338 of the constitution, Lama Lobzang was appointed anew as its member for two terms from 1995 to 1998 and 1998 to 2001.
- Lama Lobzang retired from public office after serving another term as a member of the National Commission for Scheduled Tribes from 2004 to 2007.
Sports News
Mumbai won the 42nd Ranji Trophy
- Mumbai won record extending 42nd Ranji Trophy title as they defeated Vidharbha by 102 runs in the final at Wankhede Stadium in
- This is Mumbai’s first Ranji Trophy title since 2015-16.
Year
Winner
Runner
1934-35
Bombay
Northern India
1935-36
Bombay
Madras
1936-37
Nawanagar
Bengal
1937-38
Hyderabad
Nawanagar
1938-39
Bengal
Southern Punjab
1939-40
Maharashtra
United Provinces
1940-41
Maharashtra
Madras
1941-42
Bombay
Mysore
1942-43
Baroda
Hyderabad
1943-44
Western India
Bengal
1944-45
Bombay
Holkar
1945-46
Holkar
Baroda
1946-47
Baroda
Holkar
1947-48
Holkar
Bombay
1948-49
Bombay
Baroda
1949-50
Baroda
Holkar
1950-51
Holkar
Gujarat
1951-52
Bombay
Holkar
1952-53
Holkar
Bengal
1953-54
Bombay
Holkar
1954-55
Madras
Holkar
1955-56
Bombay
Bengal
1956-57
Bombay
Services
1957-58
Baroda
Services
1958-59
Bombay
Bengal
1959-60
Bombay
Mysore
1960-61
Bombay
Rajasthan
1961-62
Bombay
Rajasthan
1962-63
Bombay
Rajasthan
1963-64
Bombay
Rajasthan
1964-65
Bombay
Hyderabad
1965-66
Bombay
Rajasthan
1966-67
Bombay
Rajasthan
1967-68
Bombay
Madras
1968-69
Bombay
Bengal
1969-70
Bombay
Rajasthan
1970-71
Bombay
Maharashtra
1971-72
Bombay
Bengal
1972-73
Bombay
Tamil Nadu
1973-74
Karnataka
Rajasthan
1974-75
Bombay
Karnataka
1975-76
Bombay
Bihar
1976-77
Bombay
Delhi
1977-78
Karnataka
Uttar Pradesh
1978-79
Delhi
Karnataka
1979-80
Delhi
Bombay
1980-81
Bombay
Delhi
1981-82
Delhi
Karnataka
1982-83
Karnataka
Bombay
1983-84
Bombay
Delhi
1984-85
Bombay
Delhi
1985-86
Delhi
Haryana
1986-87
Hyderabad
Delhi
1987-88
Tamil Nadu
Railways
1988-89
Delhi
Bengal
1989-90
Bengal
Delhi
1990-91
Haryana
Bombay
1991-92
Delhi
Tamil Nadu
1992-93
Punjab
Maharashtra
1993-94
Bombay
Bengal
1994-95
Bombay
Punjab
1995-96
Karnataka
Tamil Nadu
1996-97
Mumbai
Delhi
1997-98
Karnataka
Uttar Pradesh
1998-99
Karnataka
Madhya Pradesh
1999-00
Mumbai
Hyderabad
2000-01
Baroda
Railways
2001-02
Railways
Baroda
2002-03
Mumbai
Tamil Nadu
2003-04
Mumbai
Tamil Nadu
2004-05
Railways
Punjab
2005-06
Uttar Pradesh
Bengal
2006-07
Mumbai
Bengal
2007-08
Delhi
Uttar Pradesh
2008-09
Mumbai
Uttar Pradesh
2009-10
Mumbai
Karnataka
2010-11
Rajasthan
Baroda
2011-12
Rajasthan
Tamil Nadu
2012-13
Mumbai
Saurashtra
2013-14
Karnataka
Maharashtra
2014-15
Karnataka
Tamil Nadu
2015-16
Mumbai
Saurashtra
2016-17
Gujarat
Mumbai
2017-18
Vidarbha
Delhi
2018-19
Vidarbha
Saurashtra
2019-20
Saurashtra
Bengal
2020-21
Not held due to Covid-19
2021-22
Madhya Pradesh
Mumbai
2022-23
Saurashtra
Bengal
2023-24
Mumbai
Vidharbha
Royal Challengers Bangalore Lifted Women’s Premier League Title
- Royal Challengers Bangalore (RCB) beat Delhi Capitals by 8 wickets at Arun Jaitley Stadium in New Delhi and lifted the 2nd Women’s Premier League Title.
- Deepti Sharma of UP Warriorz was the Player of the season.
- The 1st season was played in March 2023 and Mumbai Indians won the first title against Delhi Capitals.
Important Days
Ordnance Factories Day 2024
- Ordnance Factories Day is annually observed on March 18.
- The Day is celebrated to commemorate the day when Ordnance Factory in Cossipore, Kolkata was formed.
- In 1775, the Board of Ordnance was formed in Fort William, Kolkata.
- In 1787, a gunpowder factory was formed in Ishapore and a gun carriage factory was formed in Cossipore, Kolkata.
- Now it’s known as Gun and Shell Factory, Cossipore.
- After India gained independence in 1947, the Ordnance Factories were placed under the control of the Indian Government.
Defence
10th edition of Joint Military Exercise “LAMITIYE-2024” between the Indian Army and Seychelles Defence Forces (SDF)
- The 10th edition of Joint Military Exercise “LAMITIYE-2024” between the Indian Army and Seychelles Defence Forces (SDF) conducted at Seychelles.
- ‘LAMITIYE’ meaning ‘Friendship’ in the Creole language is a biennial training event and has been conducted in Seychelles since
- 45 personnel each from the GORKHA RIFLES of the Indian Army and Seychelles Defence Forces (SDF) will participate in the exercise.
- The aim of the Exercise is to enhance interoperability in Sub-conventional Operations in Semi-Urban environment under Chapter VII of the United Nations Charter on Peace Keeping Operations.
- The Exercise will enhance cooperation and interoperability between both the sides during Peace Keeping Operations.
- The exercise will also build and promote bilateral military relations in addition to exchanging skills, experiences and good practices between both armies.
- Seychelles – Victoria (Capital) – Seychellois rupee (Currency) – Wavel Ramkalawan (President) – Creole, French, English (Official Language)
Daily Current Affairs - March 17 & 18, 2024 - Consolidated
- Ministry of Minority Affairs gave approval for various projects
- Election Commission Announces Para Archer & Arjuna Awardee Sheetal Devi as National PwD Icon
- Centre to purchase 1,650 tonnes of onions for exports to Bangladesh
- Arjun Munda virtually lays foundation stone to establish a ‘Centre for Preservation and promotion of Tribal Culture & Heritage’ at Padampur, Kharsawan district, Jharkhand
- Chhattisgarh Chief Minister Inaugurates ‘Krishak Unnati Yojana’
- Prime Minister Distributes 1,000 Drones to Women’s Self-Help Groups In Villages
- Insurance sector attracted ₹54,000 crore FDI in last 9 years
- A new flowering plant found in Arunachal Pradesh
- M Baazar Welcomes Bollywood Stars Kriti Sanon and Pavail Gulati as Brand Ambassadors
- Vladimir Putin Wins Russian Presidential Elections
- Vaughan Gething Wins Welsh Labour Leadership Election
- Telangana Governor and Puducherry Lt. Governor resigns
- P&G India appoints Kumar Venkatasubramanian as CEO
- Sangita Kalanidhi award for T.M. Krishna, Nritya Kalanidhi for Neena Prasad
- Author Rakhi Kapoor receives The Prestigious Golden Book Award 2024
- Lama Lobzang Passes Away
- Mumbai won the 42nd Ranji Trophy
- Royal Challengers Bangalore Lifted Women’s Premier League Title
- Ordnance Factories Day 2024
- 10th edition of Joint Military Exercise “LAMITIYE-2024” between the Indian Army and Seychelles Defence Forces (SDF)
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