Daily Current Affairs: March 16, 2022
Daily Current Affairs: March 16, 2022
Daily Current Affairs (March 16, 2022) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.
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Important Days
National Vaccination Day (India) – 16 March
- National Vaccination Day (India) is observed annually on 16 March to increase awareness about the importance of vaccines in the human health system.
- This day is celebrated to commemorate India’s victory over polio disease along with an improvement in the health and life expectancy of an individual in India.
- The theme for National Vaccination Day (India) 2022 is ‘Vaccines work for all’.
State News
Karnataka launches India’s first-ever digital water data bank named ‘AQVERIUM’
- Karnataka’s Information Technology Minister N. Ashwath Narayan has inaugurated India’s first-ever digital water data bank named ‘AQVERIUM’ in Bengaluru, Karnataka.
- This initiative was undertaken by AquaKraft Ventures, a company that has expertise in sustainable initiatives to provide drinking water and sanitation to all.
- This digital water data bank provides insights and evidence from research and analytics thereby providing fundamental reliable information for tackling water pollution.
- Capital: Bengaluru
- Chief Minister: Basavaraj Bommai
- Governor: Thaawarchand Gehlot
- National Parks: Anshi National Park, Kudremukh National Park, Bandipur National Park, Bannerghatta National Park, Rajiv Gandhi (Nagarahole) National Park
International News
Adani Group signs a deal for two power projects in Sri Lanka
- Adani Group has signed a deal for two large power projects in Sri Lanka’s Northern Province. These project aim to generate a combined capacity of 500 MW, at a cost of $ 500 million.
- This agreement was inked on the same day that the National Thermal Power Corporation (NTPC) of India and the Ceylon Electricity Board (CEB) agreed to set up a 100 MW solar power project in Sampur in the Trincomalee district of Sri Lanka.
Banking and Economy
ICICI Bank launches a co-branded credit card with Emirates Skywards
- Indian Private sector lender ICICI Bank has partnered with Emirates Skywards to launch a co-branded credit card named ‘Emirates Skywards ICICI Bank Credit Card’.
- This credit card will enable customers to earn reward points, called Skywards Miles, on spends from travel, lifestyle and everyday expenditures.
ICICI (Industrial Credit and Investment Corporation of India)
- Headquarters: Mumbai, Maharashtra
- MD and CEO: Sandeep Bakhshi
- Tagline: Hum Hai Na, Khyal Apka
Ujjivan Small Finance Bank launches industry’s first digital on-boarding for its micro banking customers
- Ujjivan Small Finance Bank (SFB) has launched the banking industry’s first digital on-boarding facility for its micro banking customers through its ‘Ujjivan SFB Assisted’ mobile application .
- This mobile application is designed to enable mobile number updation in real-time basis. Customers can update their mobile number once every six months through this platform or at any point in time by visiting any branch (or) through a field staff of the Ujjivan Small Finance Bank.
Ujjivan Small Finance Bank
HSBC Mutual Fund launched the CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund
- HSBC Mutual Fund has launched the HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund, an open-ended target maturity index fund tracking the CRISIL IBX 50:50 Gilt Plus SDL Index- April 2028.
- The securities maturing on or before the maturity date follow a predefined index. According to HSBC Mutual Fund, this fund is focused on the short end versus the rich stability of the curve.
Agreements and MoUs Signed
BRO signs an MoU with GRSE for the construction of 27 double-lane class-70 modular bridges in the border areas
- Border Roads Organisation (BRO) signed a Memorandum of Understanding (MoU) with the Garden Reach Shipbuilders and Engineers Limited (GRSE) for the construction of 27 double-lane class-70 modular bridges in the border areas.
- This MoU includes fabrication, supply, erection and launching of 27 double-lane bridges of carriageway with 7.5 metres of load class-70 along the northern and north-eastern border states.
Bank of Baroda join hands with BNP Paribas AMC to form the Baroda BNP Paribas Mutual Fund
- Bank of Baroda (BoB) and BNP Paribas Asset Management Company (AMC) have entered into a strategic partnership by combining the strengths of their respective asset management businesses to form the ‘Baroda BNP Paribas Mutual Fund’.
- Suresh Soni was appointed as the CEO of the ‘Baroda BNP Paribas Mutual Fund’.
- Bank of Baroda will have a 1 per cent stake in this asset management company (AMC), while BNP Paribas Asset Management Company will hold the remaining 49.9 per cent stake.
Bank of Baroda (BOB)
- Headquarters: Baroda (Vadodara), Gujarat
- MD and CEO: Sanjiv Chadha
- Chairman: Hasmukh Adhia
- Tagline: India’s International Bank
Tata Power Delhi Distribution Limited inks a pact with Battery Smart to set up battery swap stations across North Delhi
- Tata Power Delhi Distribution Limited (TPDDL) has partnered with Battery Smart, a battery-swapping network for electric vehicles (EVs) to set up battery swap stations for two- and three-wheelers at various locations across North Delhi in 2022. The first battery swap station is live and operational at Azadpur, Delhi.
- With this collaboration, TPDDL’s power capacity and infrastructure will allow Battery Smart to establish higher capacity battery swap stations at key locations to cater to the growing electric two- and three-wheeler markets.
Acquisitions and Mergers
CCI approves the acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations
- The Competition Commission of India (CCI) approved the acquisition of equity stake in Future Generali India Insurance Company Limited by Generali Participations Netherlands N.V.
- Future Generali India Insurance Company Limited is a general insurance company engaged in the provision of non-life or general insurance services in India.
Razorpay acquires payments technology solutions startup IZealiant Technologies
- Fintech unicorn Razorpay acquired IZealiant Technologies, a leading fintech startup that provides payments technology solutions for banks, for an undisclosed amount.
- This acquisition will further strengthen Razorpay’s banking solutions arm to build innovative payment banking technologies for partner banks.
- This is Razorpay’s fifth acquisition in four years. Apart from IZealiant, Razorpay has also acquired Curlec, TERA Finlabs, Opfin and
Science and Technology
ISRO successfully tests newly developed solid booster stage SS1 for SSLV
- The Indian Space Research Organisation (ISRO) has has successfully ground tested its newly developed Solid Booster Stage (SS1) for its new launch vehicle, Small Satellite Launch Vehicle (SSLV).
- The SS1 stage was tested at Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.
Indian Space Research Organisation (ISRO)
Appointments
Flipkart appoints Prashant Jhaveri as the CEO of Flipkart Health+
- Ecommerce major Flipkart’s healthcare business Flipkart Health+ has appointed Prashant Jhaveri as its Chief Executive Officer (CEO).
- He previously worked with Apollo Health and Lifestyle Limited as its Chief Business Officer (CBO) and was responsible for its growth and partnership. He also served as the CEO of MediBuddy and CBO for the Medi Assist Group in his previous stints.
Awards and Recognitions
Professor Narayan Pradhan was selected for the thirty-first G. D. Birla Award for Scientific Research
- Professor Narayan Pradhan was selected for the thirty-first D. Birla Award for Scientific Research for his outstanding contribution in the field of material sciences.
- This award recognises eminent Indian scientists below the age of 50 for their original and outstanding contributions to any branch of science. It carries a cash prize of ₹ 5 lakhs. It was instituted in 1991.
- He was a recipient of the LNJ Bhilwara Nanoscience Award, the DST Swarnajayanti Fellowship Award, the DST Nanoscience Young Career Award and the Oxford Nano Scientist Award.
Delhi Metro’s employee Prafull Singh creates the Guinness World Records for travelling 254 metro stations in 16 hours
- Delhi Metro Rail Corporation’s (DMRC) employee Prafull Singh has entered into the Guinness World Records for recording the ‘fastest time to travel to all metro stations’.
- This makes him the first person to travel to 254 stations covering 348 km in just 16 hours two minutes.
Axis Bank bags IFR Asia’s Asian Bank of the Year and India Bond House Award
- Axis Bank was awarded IFR Asia’s Asian Bank of The Year and India Bond House Award for its breadth of coverage and depth of expertise in the Asian investment banking space.
- This award acknowledges Axis Bank’s outstanding performance in equity and debt issuance, across all major products and segments.
Axis Bank
- Headquarters: Mumbai, Maharashtra
- MD and CEO: Amitabh Chaudhry
- Tagline: Badhti Ka Naam Zindagi
Ranks and Indices
India ranks fifth in terms of market capitalisation: Bloomberg Report
- According to the latest Bloomberg report, India’s equity market has broken into the world’s top-five club in terms of market capitalisation for the first time.
- India’s total market capitalisation stood; at $ 3.21 trillion, which is higher than that of the United Kingdom ($ 3.19 trillion), Saudi Arabia ($ 3.18 trillion) and Canada ($3.18 trillion).
- The United States ($ 47.32 trillion) topped the ranking followed by China ($ 11.52 trillion), Japan ($ 6 trillion) and Hong Kong ($ 5.55 trillion).
Sports News
India is set to host the forty-fourth World Chess Olympiad in 2022
- India is set to host the forty-fourth World Chess Olympiad in 2022 in Chennai, Tamil Nadu. This event was moved out of Russia after its invasion of Ukraine.
- World Chess Olympiad is the second major global chess event to be held in India after the World Championship match in 2013.
India finishes with thirty-nine medals at the 2022 ASBC Asian Youth and Junior Boxing Championships
- India finished with thirty-nine medals (15 gold, 10 silver and 14 bronze) at the 2022 ASBC Asian Youth and Junior Boxing Championships in Amman, Jordan.
- Uzbekistan and Kazakhstan claimed the first and second position, respectively, with 23 and 22 gold medals.
- Vishwanath Suresh (48 kg) and Vanshaj (63.5 kg) clinched gold medals in the men’s youth competition.
- Among youth women, Shaheen Gill, Nivedita Karki, Tamanna, Ravina and Muskan won the gold medals.
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