Daily Current Affairs – March 24 & 25, 2024
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Daily Current Affairs - Banking - March 24 & 25, 2024
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National News
Archaeological Survey of India (ASI) to remove 18 ‘untraceable’ monuments from its list of protected sites
- The Archaeological Survey of India (ASI) has put out a list of 18 centrally protected monuments which it wants to delist as, according to the central agency, they no longer hold national importance.
- Incidentally, the list has been drawn up from a list of 24 “untraceable” monuments, which the Union Ministry of Culture submitted to a parliamentary committee last year.
- The monuments facing delisting include Kos Minar No.13 at Mujessar village in Haryana; Bara Khamba Cemetery in Delhi; Gunner Burkill’s Tomb at Rangoon in Jhansi; Cemetery at Gaughat in Lucknow; and Telia Nala Buddhist ruins, which form part of a deserted village in Varanasi, Uttar Pradesh.
- Delisting of the monuments effectively means the central agency won’t have any onus to protect them, and activities related to construction and urbanisation in the area can be carried out in a regular manner.
- Currently, the ASI has 3,693 monuments under its purview, which will fall to 3,675 once the delisting exercise is completed in the next few weeks.
- Archaeological Survey of India (ASI) – 1861 (HQ) – New Delhi (HQ) – Yadubir Singh Rawat (Director General)
Banking and Finance
Indian Overseas Bank (IOB) rolls out two jewel loan products
- Indian Overseas Bank (IOB) has unveiled two jewel loan products – Gold Powered Card and Jewel Loan Suvidha.
- IOB Gold Powered Card offers loan ranging from ₹25,000 to ₹25 lakh.
- The card grants users the convenience of cash withdrawal at ATM and can be used for POS and e-commerce transactions.
- The cash withdrawal limit per transaction is ₹20,000, with a daily limit of ₹1 lakh.
- For e-commerce and POS transactions, the per day and per transaction limit is ₹25 lakhs.
- Interest will be charged solely on the amount utilised.
- Jewel loan Suvidha has been crafted to cater to the unique needs of housing loan borrowers, not only from IOB but also from other banking institutions.
- The scheme addresses critical financial requirements such as margin money, registration charges and unforeseen project escalation costs, within a 12-month time-frame from the date of incurring expenses.
- The loan amount ranges from ₹25,000 to ₹50 lakh.
- Indian Overseas Bank – 10/02/1937 (Founded) – Chennai (HQ) – Ajay Srivastava J (MD & CEO) – “Good people to grow with” (Tagline)
PolicyBazaar Set to Launch A Wholly-Owned Subsidiary Payments Aggregator Company
- PB Fintech, the parent company of online insurance aggregator PolicyBazaar, secured board approval to incorporate a wholly-owned subsidiary—PB Pay Private Limited— to carry out its payments aggregator business.
- PB Pay Private Limited will be a non-banking finance company (NBFC) which will venture into the payment aggregation business, catering to both domestic and cross-border markets, subject to approval from the Reserve Bank of India (RBI).
- It will have an initial paid-up share capital of ₹27 crores.
- PolicyBazaar – June 2008 (Founded) – Gurgaon, Haryana (HQ) – Sarbvir Singh (President)
Science and Technology
UAE-based firm & Indian start-up join hands to deliver High Altitude Pseudo Satellite
- UAE-based Mira Aerospace and Indian start-up VEDA Aeronautics have come together to offer High Altitude Pseudo Satellite (HAPS) solutions designed for the Indian market, both in the military and the civilian space.
- The project is being handheld by the Indian military and the HAPS has successfully carried out flights over the Pokhran Test Range at 12 km above the ground.
- Conducted in March last year, the test marked the only flight of an HAPS in the Indian stratosphere.
- The Indian Air Force (IAF) is looking at acquiring a HAPS solution capable of carrying a minimum 35 kg payload and sustaining operations at an altitude of 18,000 m above sea level for a minimum of 30-45 days.
- Running purely on solar power and flying above the clouds at 16-20 km autonomously for months at a stretch, an HAPS platform will fill a capability gap between satellites and HALE (High Altitude Long Endurance) UAVs.
- Developed under the Ministry of Defence’s ₹1,000 crore ‘Make-I project’, which entails 90 percent of government funding, the HAPS would be used for strategic persistent monitoring of India’s borders.
- The HAPS UAV is part of a new genre of solar-powered platforms being designed across the world for persistent surveillance, communications, and scientific missions.
- Both the IAF and the Navy are on board with the project and are looking to acquire this capability for the short- and long-term.
- As part of this project, Mira Aerospace — a joint venture of Bayanat and UAVOS — and VEDA Aeronautics announced a collaboration to deliver the world’s most advanced HAPS solutions designed for the Indian market.
- VEDA Aeronautics – 13/03/2020 (Founded) – New Delhi (HQ) – Dipesh Gupta (MD)
Election Commission Launches Saksham App To Facilitate Easier Voting For Persons-With-Disability
- The Election Commission announced that the voters above 85 years of age and Persons-with-Disabilities (pwd) with 40 percent benchmark disability can vote from home.
- The Commission launched the Saksham App to facilitate easier voting for PWDs and to avail facilities at Polling Stations.
- Further, it is pushing for permanent Assured Minimum Facilities (AMF) in schools as a gift of election process to the students.
- Assured Minimum Facilities consist of drinking water, toilets, signage, a ramp or wheelchair, helpdesk, voter facilitation centre, sufficient light and shed.
- There will also be polling stations managed by persons-with-disabilities, and will exclusively ne managed by women and Model Polling Stations.
National Internet Exchange of India Launches BhashaNet Portal For Digital Inclusion
- The Ministry of Electronics and Information Technology (MeitY) and the National Internet Exchange of India (NIXI) unveiled the BhashaNet portal during the Universal Acceptance Day event at the Dr. Ambedkar International Centre in New Delhi, done with the help of the Internet Corporation for Assigned Names and Numbers (ICANN).
- The event titled “BhashaNet: Impetus Towards Universal Acceptance” highlighted MeitY/NIXI’s commitment towards universal acceptance regardless of linguistic or textual barriers, where everyone can fully participate in the digital world.
- The aim of the event was to make systems more Universal Acceptance compliant by empowering the participants and the wider community in their compliance efforts.
- National Internet Exchange of India (NIXI) – 19/06/2003 (Founded) – New Delhi (HQ) – Dr. Devesh Tyagi (CEO)
Rajasthan launches dashboard on water resources info system
- Rajasthan water resources department (WRD) minister Suresh Singh Rawat inaugurated the State Water Resources Information System Dashboard at Sinchai Bhawan to forecast drought and to enable better water management based on water availability.
- It is the first state in the country to launch this portal.
- This portal also enable better water management based on water availability.
- This system has been developed by the Department of Water Resources under the National Hydrology Project.
- At present, complete data of 805 dams and daily data of 242 dams and live data of 88 dams will be available on the portal.
- Also, in the rainfall module, the analyzed data of 326 rain gauge stations from 1957 till now can also be viewed or downloaded through graphs.
- Information about canal network will be available in the Canal module.
- National Hydrology project has been approved by the cabinet on April 6 2016 as a World Bank supported Central Sector Scheme with a total outlay of ₹3679.7674 crores [₹3640 crores for National Hydrology Project (NHP) and ₹39.7674 crores for establishment of National Water informatics Centre (NWIC) as a repository of nation-wide water resources data].
Pig kidney transplanted into living person for first time
- Doctors have performed the first transplant of a genetically modified kidney from a pig into a living human.
- The four-hour surgery was performed at Massachusetts General Hospital, which was also the first hospital to perform a kidney transplant in
- The patient, Rick Slayman, a 62-year-old manager with the Massachusetts Department of Transportation who had been diagnosed with end-stage kidney disease, is recovering well and expected to be discharged from the hospital soon.
Appointments
Ashwani Kumar elected as President of Federation of Indian Export Organisations (FIEO)
- The Federation of Indian Export Organisations (FIEO) had elected Ashwani Kumar as its new President by replacing A Sakthivel.
- Federation of Indian Export Organisations (FIEO) – 1965 (Founded) – New Delhi (HQ)
Awards and Recognitions
Dr. Sultan Al Jaber Honored For Sustainable Energy Leadership
- Sultan Al Jaber, President of COP28, was awarded the prestigious ‘CERAWeek Leadership Award for Building Global Consensus towards a Sustainable Energy Future’ at the CERAWeek by S&P Global conference at Houston, Texas, United States.
- Over the last decade, CERAWeek has honoured Prime Minister Narendra Modi, Prime Minister of Canada Justin Trudeau; and former President of Mexico Enrique Peña Nieto.
Dr. Uma Rele honoured with Maharashtra Gaurav Award
- Uma Rele, the esteemed Principal of Nalanda Nritya Kala Mahavidyalaya, Mumbai, has been conferred with the prestigious Maharashtra Gaurav Award.
- The honour was bestowed upon her by Maharashtra Industrial Minister Uday Sawant and Minister Deepak Vasant Kesarkar in recognition of her invaluable contributions to the realm of Indian classical dance, particularly Bharata Natyam.
Bina Agarwal and James Boyce win first “global inequality research award”
- The World Inequality Lab (WIL) and Sciences Po’s Center for Research on Social Inequalities (CRIS) have joined forces for the first edition of the Global Inequality Research Award (or GiRA), which aims to recognize every two-years researchers from all disciplines who have made a significant contribution to the understanding of global inequalities.
- GiRA seeks to acknowledge major scholarship in the field of global inequality understood in two key perspectives: first, the perspective of inequality research being done in all corners of the world; and second, the perspective of inequality as a complex object that needs light from all angles to be fully grasped, understood and eventually mitigated.
- The 2024 GiRA Prize is jointly awarded to Bina Argawal and James K. Boyce for their groundbreaking work in the field of social and environmental inequalities.
Sports News
Sports Authority of India (SAI) Releases Over ₹30.83 Crores Under New Khelo India Scheme
- The Sports Authority of India (SAI) recently allocated funds of more than ₹30.83 crore for the financial year 2023-24, with an Out-of-Pocket Allowance (OPA) of ₹7,71,30,000 for 2571 Khelo India athletes for Quarter 4.
- This amount is a part of the Khelo India Scholarship Scheme, which aims to support the long-term development of athletes.
- Under the long-term development program, approximately 3000 athletes have been identified as Khelo India athletes.
- These athletes receive an out-of-pocket allowance of ₹1,20,000 per annum per athlete, along with an additional ₹5 lakh allocated for each athlete towards training and competition expenses.
- Sports Authority of India (SAI) – 1984 (Founded) – New Delhi (HQ) – Sandip Pradhan (Director General)
Sathiyan Gnanasekaran wins first-ever WTT Feeder title
- Sathiyan Gnanasekaran, a renowned Indian table tennis player, has made history by becoming the first Indian to win the men’s singles title at a WTT Feeder Series event in
- While Manush Utpalbhai Shah and Diya Parag Chitale (India) won the mixed doubles title.
- Sathiyan Gnanasekaran victory is notable because it’s his first international singles title since 2021.
- He won Arjuna Award in 2018 & TOISA Table Tennis player of the year award in 2017 (Jury choice).
- While Sreeja Akula won the women’s singles title at the WTT Feeder Beirut II 2024 table tennis tournament at the Al Kawthar Secondary School in Beirut, Lebanon.
- She is the world No. 47, beat Luxembourg’s Sarah De Nutte to win what was her second WTT singles career title.
- The 25-year-old’s maiden crown came at the Feeder Corpus Christi 2024 in Texas back in January 2024.
- Lebanon – Beirut (Capital) – Lebanese pound (Currency) – Najib Mikati (Caretaker Prime Minister) – Arabic (Official Language)
Odisha FC lifts maiden Indian Women’s League football title
- Odisha FC defeated Kickstart FC and won its maiden Indian Women’s League football title in
- Odisha topped the seven-team table with 31 points from 12 matches while three-time champion Gokulam Kerala FC, which defeated East Bengal FC in Kozhikode, finished runner-up.
- Kickstart FC (21 points) was third.
Japan’s Kaori Sakamoto Wins 3rd Straight World Title at Figure Skating World Championships
- Japan’s Kaori Sakamoto has become the first woman to win three straight titles at the Figure Skating World Championships since 1968.
- She won bronze at 2022 Olympics.
- Japan – Tokyo (Capital) – Japanese yen (Currency) – Naruhito (Emperor) – Fumio Kishida (Prime Minister) – Japanese (Official Language)
Important Days
World Tuberculosis (TB) Day 2024
- World Tuberculosis (TB) Day is annually observed on March 24.
- The day is celebrated to raise awareness around the disease, increase efforts to eradicate the disease, and mobilise support for those affected by TB.
- Tuberculosis, an infectious disease that mainly affects lungs, is one of the leading killer diseases that led to 1.3 million deaths in
- March 24, 1882 is considered a significant date in the battle against tuberculosis as it is on this day that Dr Robert Koch discovered the bacteria that causes
- On 1982, on the centenary of Dr. Koch’s discovery that the International Union Against Tuberculosis and Lung Disease (IUATLD) proposed observing March 24 as World TB Day to raise awareness about TB and its global impact.
- The first World TB Day was officially observed in 1983, and since then, it has become an annual event.
- Theme – “Yes! We can end TB”
International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims 2024
- International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims is annually observed on March 24.
- The day pays tribute to the memory of Monsignor Óscar Arnulfo Romero, who was murdered on March 24 1980.
- On December 21, 2010, the United Nations General Assembly proclaimed March 24 as the International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims.
World Kabaddi Day 2024
- World Kabaddi Day is annually observed on March 24.
- The day celebrates the founders, the players, the coaches, the administrators, the technical officials and each and every one, smitten by the game.
- This year World Kabaddi Day was celebrated in India at Tau Devi Lal Indoor Stadium, Panchkula, Haryana.
- The Day coincides with the formation of World Kabaddi on March 24, 2018.
- The month of March is the month for kabaddi, a month to celebrate everything positive about kabaddi.
- The World Kabaddi Day was initiated in 2020 by World Kabaddi as part of its strategic plan to promote the sports of kabaddi globally.
Theme – Kabaddi: Created by Men, Perfected by Women
Defence
Indian Army develops portable multi target detonation device
- The Indian Army achieved another milestone with the patenting of the Portable Multi Target Detonation Device (WEDC), a groundbreaking innovation developed by Major Rajprasad RS of the Corps of Engineers.
- The device was developed by Major Rajprasad RS of the Corps of Engineers and patented.
- It is a microprocessor-based electronic system that functions using both wired and wireless modes of firing.
- The wired connection enables it to connect with the command and control system, while the wireless mode allows it to be detonated without any wires or electrical connection.
- The WEDC has a long range of 5 kilometres, which is significantly longer than the 400-metre range of the previously used Exploder Dynamo Capacitor systems.
- This increased range enhances the safety and reliability of the detonation of multiple targets and overcomes the limitations of the previously used system.
- Indian Army – 26/01/1950 (Founded) – New Delhi (HQ) – Army Day (January 15) – General Manoj Pande (Chief of Army Staff) – “Service Before Self” (Motto)
Daily Current Affairs - March 24 & 25, 2024 - Consolidated
- Archaeological Survey of India (ASI) to remove 18 ‘untraceable’ monuments from its list of protected sites
- Indian Overseas Bank (IOB) rolls out two jewel loan products
- PolicyBazaar Set to Launch A Wholly-Owned Subsidiary Payments Aggregator Company
- UAE-based firm & Indian start-up join hands to deliver High Altitude Pseudo Satellite
- Election Commission Launches Saksham App To Facilitate Easier Voting For Persons-With-Disability
- National Internet Exchange of India Launches BhashaNet Portal For Digital Inclusion
- Rajasthan launches dashboard on water resources info system
- Pig kidney transplanted into living person for first time
- Ashwani Kumar elected as President of Federation of Indian Export Organisations (FIEO)
- Sultan Al Jaber Honored For Sustainable Energy Leadership
- Uma Rele honoured with Maharashtra Gaurav Award
- Bina Agarwal and James Boyce win first “global inequality research award”
- Sports Authority of India (SAI) Releases Over ₹30.83 Crores Under New Khelo India Scheme
- Sathiyan Gnanasekaran wins first-ever WTT Feeder title
- Odisha FC lifts maiden Indian Women’s League football title
- Japan’s Kaori Sakamoto Wins 3rd Straight World Title at Figure Skating World Championships
- World Tuberculosis (TB) Day 2024
- International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims 2024
- World Kabaddi Day 2024
- Indian Army develops portable multi target detonation device
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