Daily Current Affairs – March 18, 2023
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Daily Current Affairs - Banking - March 18, 2023
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National News
GAIL signs pact with Shell to explore ethane sourcing
- India’s largest gas utility GAIL has signed an agreement with Shell Energy India Pvt Ltd to explore ethane sourcing and other opportunities along the energy value chain.
- GAIL is planning to import ethane from the US to replace natural gas and naphtha as feedstock at petrochemical plants.
- GAIL (India) Limited (formerly known as Gas Authority of India Ltd.) – 1984 (Founded) – New Delhi (HQ) – Sandeep Kumar Gupta (Chairman & MD)
DPIIT organises PM Gati Shakti regional workshop in Srinagar
- The commerce and industry ministry is organising a two-day regional workshop in Srinagar to promote integrated planning and implementation of infrastructure projects using PM Gati Shakti national master plan (NMP) platform.
- The workshop is a part of the five series of workshops being organised by the Department of Promotion for Industry and Internal Trade (DPIIT) in five zones – south, north, western, central and north-eastern.
- Ministry of Commerce and Industry – Piyush Goyal,Cabinet Minister (Rajya Sabha MP,Maharashtra) – Anupriya Patel, Minister of State (Mirzapur,UP), Som Parkash, Minister of State (Hoshiarpur,Punjab)
PM Modi to lay foundation stone of India's first urban transport ropeway in Varanasi
- Prime Minister Modi will lay the foundation stone of 25 projects worth Rs 1,450 crore for the people of Kashi, and will also inaugurate projects worth Rs 200 crore.
- PM will lay the foundation stone of the country’s first urban transport ropeway in Kashi.
- The ropeway costing Rs 664.49 crore would pass through five stations.
PM MITRA mega textile parks to be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP, UP
- Prime Minister Narendra Modi said that PM MITRA mega textile parks will be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.
- Prime Minister said PM MITRA mega textile parks will boost the textiles sector in line with the 5F vision, which is, Farm to Fibre to Factory to Fashion to Foreign.
- He added that these textile parks will provide state-of-the-art infrastructure for the textiles sector, attract investment and create lakhs of jobs.
- He pointed out that it will be a great example of ‘Make in India’ and ‘Make For the World.’
- PM MITRA Scheme was announced in Union Budget for 2021-22.
- The Ministry of Textiles is the implementing agency for PM Mega Integrated Textile Region and Apparel (PM MITRA) Scheme.
Country’s power generation capacity from solar increased 197 percent in last 5 years
- Country’s power generation capacity from solar has increased 197 percent in the last five years.
- The solar capacity of the country has increased from 21,651 megawatt to 64,380 megawatt in the last five years.
- The government has set a target of achieving 500 gigawatt of installed capacity from non-fossil fuels, including 270 gigawatt of solar capacity, by 2030.
- The government has approved 57 Solar Parks so far.
- Nine solar parks are fully and additional eight parks are partially complete having 10 thousand 117 megawatt solar capacity.
Ministry of New and Renewable Energy – Raj Kumar Singh,Union Minister (Arrah, Bihar) – Bhagawanth,Minister of State (Bidar,Karnataka)
Govt approves initiative to open new Sainik schools across country
- Government has approved an initiative to open new Sainik schools across the country.
- These schools would be opened in partnership mode with NGOs, or, Private or State Government schools in all States and UTs.
- It is subject to fulfilment of qualifying requirements and they signing Memoranda of Agreement (MoA) with the Sainik Schools Society.
- Minister of State for Defence Ajay Bhatt said, till date Sainik Schools Society or Ministry of Defence, after due process of evaluation and approval, has signed MoA with 18 schools.
- He said, under erstwhile pattern 33 Sainik schools have been established in the country.
- Ministry of Defence – Rajnath Singh,Union Minister (Lucknow,UP) – Ajay Bhatt,Minister of State (Nainital–Udhamsingh Nagar,Uttarakhand)
International News
India's Apr-Feb fertiliser imports from Russia highest in 3 years at 34.19 lakh tonnes
- India imported 34.19 lakh tonnes of fertilisers, including urea and DAP, from Russia during April-February of the current fiscal, highest in the last three years.
- Out of total fertiliser import of 34.19 lakh tonnes, about 6.26 lakh tonnes of urea was imported till February of the ongoing 2022-23 financial year, as against 2.80 lakh tonnes imported during the entire previous fiscal.
- DAP imports stood at 7.65 lakh tonnes, MoP at 0.43 lakh tonnes and NPK at 19.85 lakh tonnes during April-February period of the current fiscal.
- Total fertiliser imports from Russia were at 19.15 lakh tonnes during the 2021-22 fiscal, 19.15 lakh tonnes during the financial year 2020-21 and 11.91 lakh tonnes in 2019-20 fiscal year.
- Russia – Moscow (Capital) – Russian Ruble (Currency) – Vladimir Putin (President) – Mikhail Mishustin (Prime Minister) – Russian (Language)
State News
Rajasthan CM Gehlot approves Rs 37 crore for irrigation projects
- Rajasthan Chief Minister Ashok Gehlot approved Rs 37 crore for various projects that aim to increase irrigation efficiency and prevent water wastage in canals and dams.
- As part of the projects, the Kagdi dam in Banswara district will be renovated at a cost of Rs 10 crore.
- Another Rs 11.73 crore will be used to line the canal from the Gajadharpura sewage treatment plant to Kalakh dam in Jaipur’s Kalwad tehsil.
- The canal from Mora Sagar dam Sawaimadhopur district’s in Bamanwas tehsil will be lined at an estimated cost of Rs 15.03 crore.
- Rajasthan – Jaipur (Capital) – Ashok Gehlot (CM) – Kalraj Mishra (Governor) – Hindi (Language)
Assam Government to celebrate 200 years of Assam Tea
- To celebrate 200 years of Assam tea, the state government announced to organise road shows in major cities across the country as well as abroad to promote Assam Tea as a brand.
- Assam– Dispur (Capital) – Himanta Biswa Sarma (CM) – Gulab Chand Kataria (Governor) – Assamese & Boro (Language)
Two day SCO Tourism Ministers’ meeting begins at Varanasi in Uttar Pradesh
- The two-day Shanghai Cooperation Organisation (SCO) Tourism Ministers’ Meeting has begun in Varanasi.
- The Joint Action Plan on the Development of Cooperation in Tourism would be adopted during the meeting.
- The Joint Action Plan will include actions relating to the promotion of the SCO tourism brand, the promotion of the cultural heritage of the SCO Member States, sharing and exchange of information and digital technology in tourism, and the promotion of mutual cooperation in medical and health tourism.
- Varanasi has been designated as the first cultural capital of the SCO.
- India is the current chair of the Shanghai Cooperation Organisation (SCO).
- The eight-member countries of SCO represent around 42 percent of the world population and 25 percent of the global GDP.
- Uttar Pradesh – Lucknow (Capital) – Yogi Adityanath (CM) – Anandiben Patel (Governor) – Hindi (Language)
Banking and Finance
Bank of Maharashtra goes live with "MAHABANK NAKSHATRA"; Bank's own Private Cloud Platform
- Bank of Maharashtra (BoM), a premiere public sector bank in the country, has embarked its footprint in the adoption of Private Cloud Infrastructure by launching “MAHABANK NAKSHATRA” – Bank’s own Private Cloud Platform.
- This facilitates High-Performance Cloud Capabilities for Digital Infrastructure and hosting applications of the Bank.
- Bank of Maharashtra (BoM) – 16/09/1935 (Founded) – Pune, Maharashtra (HQ) – A. S. Rajeev (MD & CEO) – “One Family One Bank” (Tagline)
Business and Economy
OECD raises 2023 global GDP growth forecast to 2.6%
- The OECD said it now expects the global economy to grow by 2.6 percent this year compared to 2.2 percent in its previous forecast in November.
- Organisation for Economic Co-operation and Development (OECD) – 16/04/1948 (Founded) – Paris, France (HQ) – Mathias Cormann (Secretary General) – 38 Countries (Members) – English & French (language)
Science and Technology
CII launches centre of excellence for innovation, entrepreneurship, startups in Hyderabad
- The Confederation of Indian Industry (CII) launched a Centre of Excellence (CoE) for Innovation, Entrepreneurship and Startups’ (CII CIES) at T-Hub (an innovation ecosystem) in Hyderabad.
- The centre launched in partnership with Telangana government and Pratiksha Trust was inaugurated by Telangana Information Technology Principal Secretary Jayesh Ranjan with Infosys co-founder and Axilor Ventures chairman Kris Gopalakrishnan and other senior industry leaders.
- The CII launched the CIES initiative in 2020 as a corporate-driven resource platform that enables the growth of successful start-ups in India.
Indians acquire 100 patents for 6G technology, says Ashwini Vaishnaw
- Indian scientists, engineers and academicians have acquired 100 patents for 6G technology, IT and Telecom Minister Ashwini Vaishnaw.
- While speaking at the Bharat Startup Summit organised by the PHD Chamber of Commerce, the minister said India is taking a leap in 5G technology with the fastest rollout of networks in the world.
- Ministry of Communications and Information Technology – Ashwini Vaishnaw, Cabinet Minister (Rajya Sabha MP, Odisha) – Devusinh Chauhan, Minister of State (Kheda, Gujarat)
Appointments
Boat elevates Vivek Gambhir as Chairman; co-founder Sameer Mehta names as CEO
- Earwear brand Boat has elevated CEO Vivek Gambhir to Chairman of the company.
- Boat co-founder Sameer Mehta will take on the role of CEO and Managing Director.
- BoAt – 2014 (founded) – New Delhi (HQ) – Vivek Gambhir (Chairman)
TCS CEO Rajesh Gopinathan quits; K Krithivasan named CEO Designate
- IT major TCS CEO Rajesh Gopinathan has reigned, and the company nominated its global head of the BFSI division K Krithivasan as the CEO Designate with immediate effect.
- Tata Consultancy Services (TCS) – 1968 (founded) – Mumbai (HQ) – Natarajan Chandrasekaran (Chairman)
Sports News
IBA Women's World Boxing Championship 2023
- Youth Affairs and Sports Minister Anurag Singh Thakur inaugurated the IBA Women’s World Boxing Championships in New Delhi.
- The event is supported by Sports Authority of India, Ministry of Youth Affairs and Sports and Government of India.
- 324 women boxers from about 65 countries are taking part in the championship in 12 weight categories.
- Healthium Medtech, a global player in medical devices would be the associate sponsor for the IBA Women’s World Boxing Championship 2023 in association with the Boxing Federation of India.
- Indian boxing’s global ranking has catapulted from 44th a few years back to becoming World No 3 in 2023 as per the latest IBA World Team Rankings.
- With two Olympic Medals, Indian boxers have won 16 Elite World Championships medals across men’s and women’s categories since 2016 and have 140 medals to their name since 2008 in top international events.
- Ministry of Youth Affairs and Sports – Anurag Singh Thakur,Union Minister (Hamirpur, Himachal Pradesh) – Nisith Pramanik,Minister of State (Cooch Behar, West Bengal)
Important Days
World Sleep Day 2023
- World Sleep Day 2023 is being observed on March 17, 2023, to encourage people to give proper value to their sleep.
- First World Sleep Day was celebrated in 2008.
- Theme- “sleep is essential for health.”
Defence
Indian Navy in Capital Acquisition of ₹70,500 crores
- Capital acquisition amounting to over Rs 70,500 crore under Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)}, out of the total proposals, Indian Navy proposals constitute more than Rs 56,000 crore, which largely includes indigenous BrahMos missiles, Shakti Electronic Warfare (EW) systems, Utility Helicopters-Maritime etc.
- Indian Navy – 26/01/1950 (Founded) – New Delhi (HQ) – Navy Day (December 4) – Admiral R. Hari Kumar (Chief of Naval Staff) – ‘May the Lord of Water be auspicious unto us’ (Motto)
Daily Current Affairs - March 18, 2023, Consolidated
- GAIL signs pact with Shell to explore ethane sourcing
- DPIIT organises PM Gati Shakti regional workshop in Srinagar
- PM Modi to lay foundation stone of India’s first urban transport ropeway in Varanasi
- PM MITRA mega textile parks to be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, MP, UP
- Country’s power generation capacity from solar increased 197 percent in last 5 years
- Govt approves initiative to open new Sainik schools across country
- India’s Apr-Feb fertiliser imports from Russia highest in 3 years at 34.19 lakh tonnes
- Rajasthan CM Gehlot approves Rs 37 crore for irrigation projects
- Assam Government to celebrate 200 years of Assam Tea
- Two day SCO Tourism Ministers’ meeting begins at Varanasi in Uttar Pradesh
- Bank of Maharashtra goes live with “MAHABANK NAKSHATRA”; Bank’s own Private Cloud Platform
- OECD raises 2023 global GDP growth forecast to 2.6%
- CII launches centre of excellence for innovation, entrepreneurship, startups in Hyderabad
- Indians acquire 100 patents for 6G technology, says Ashwini Vaishnaw
- Boat elevates Vivek Gambhir as Chairman; co-founder Sameer Mehta names as CEO
- TCS CEO Rajesh Gopinathan quits; K Krithivasan named CEO Designate
- IBA Women’s World Boxing Championship 2023
- World Sleep Day 2023
- Indian Navy in Capital Acquisition of ₹70,500 crores
Daily Current Affairs - March, 2023
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