Daily Current Affairs: March 01, 2022

Daily Current Affairs (March 01, 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

Zero Discrimination Day – 01 March

• Zero Discrimination Day is observed every year on 01 March to battle against the mentality that sparks issues, cases of violence, or general violence. This day was first observed on 01 March 2014.
• UNAIDS led the way to cater to the people living with HIV/AIDS, who face discrimination because of their ailment.
• The theme for Zero Discrimination Day 2022 is ‘Remove Laws That Harm, Create Laws That Empower’.

National News

IIT Madras and NIOT jointly organised the ‘OCEANS 2022’ conference in Chennai, Tamil Nadu

• Indian Institute of Technology Madras and National Institute of Ocean Technology (NIOT) jointly organised the ‘OCEANS 2022’ Conference and Exposition, the Bi-annual event for Global Marine Researchers, technologists and engineers, students and policymakers. The main theme of this conference is ‘Inspire-Innovate-Sustain’.
• This conference is being organised first time in India and is being coordinated by the Department of Ocean Engineering, IIT Madras.

Union Cabinet approves FDI of up to 20 per cent in LIC of India under automatic route

• The Union Cabinet has approved foreign direct investment (FDI) of up to 20 per cent under the automatic route in Life Insurance Corporation (LIC) of India, according to people aware of the development, paving for a smoother road ahead of its initial public offer (IPO).
• This reform in the FDI policy will facilitate foreign investment in LIC and such other bodies corporate, for which the government may have a requirement for disinvestment purposes.

New Development Bank becomes the first multilateral agency to open an office in Gift City

• New Development Bank (NDB) became the first multilateral agency to open an office in the Gujarat International Finance Tech City (Gift).
• NDB will take all requisite steps to make the Indian office operational by the middle of May.

New Development Bank (NDB)

• Headquarters: Shanghai, China
• President: Marcos Troyjo
• Founded‎: ‎ 15 July 2014

State News

Chhattisgarh govt signs two MOUs for dung-based power plants and food irradiator facility

• The Chhattisgarh government has signed two Memorandums of Understanding (MoUs) for the installation of a food irradiator plant, which will keep food and vegetables safe and well-preserved, as well as dung-based power plants.
• Another MoU was signed between Chhattisgarh Biofuel Development Authority (CBDA) and Bhabha Atomic Research Center (BARC) for setting up of dung-based power plants in ‘gauthans’.

Chhattisgarh    

• Capital: Raipur
• Chief Minister: Bhupesh Baghel
• Governor: Sushri Anusuiya Uikey

Union Minister Nitin Gadkari lays the foundation stone of 46 National Highway Projects in Karnataka

• Union Minister for Road Transport and Highways Nitin Gadkari has inaugurated and laid the foundation stone of 46 National Highway Projects with an investment of ₹ 19,930 crores in Karnataka.
• This National Highway Project of total length 238 km with an investment of ₹ 3,972 crores will improve the interstate road connectivity from Karnataka to Maharashtra and Goa.

Karnataka        

• 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

India launched a mega mission named ‘Operation Ganga’ to save Indian citizens in Ukraine

• India has started a mega mission ‘Operation Ganga’ to evacuate nearly 20,000 Indian citizens from Ukraine. India is the only country in the world that is evacuating its citizen from Ukraine on government expenses.
• Indian government’s unprecedented efforts through ‘Operation Ganga’ in order to evacuate its citizen from Ukraine.

Ukraine

• Capital: Kyiv
• Currency: Ukrainian Hryvnia
• President: Volodymyr Zelensky

Canada approves World’s first plant-based COVID-19 Vaccine ‘Covifenz’

• Canada approved the use of Covifenz, the world’s first plant-derived COVID-19 vaccine jointly developed by Medicago Inc. and GlaxoSmithKline Plc.
• This vaccine is for people 18 to 64 years of age. The approval of the plant-derived COVID-19 vaccine could help overcome vaccine hesitancy among many as countries are struggling to raise vaccination rates after a certain threshold.

Banking and Economy

RBI invites request for proposal to assess the impact of its financial literacy campaigns

• The Reserve Bank of India (RBI) proposed to assess the impact of the multi-media awareness campaigns launched to promote financial literacy and also safe banking practices.
• RBI invited the request for proposal (RFP) from certain shortlisted entities, which would be required to undertake outcome and impact assessment of its multilingual, pan-India public awareness campaigns.
• The RBI runs the ‘RBI Kehta Hai’ campaign to educate and empower the public about banking regulations and also to make them aware of good and safe banking practices.
• It was a multi-media multi-lingual campaign using SMSes, print, television channels, radio, hoardings, websites and social media.

Agreements and MoUs signed

SECI signs an MoU with HPCL to fulfill the government’s ambitions of a carbon-neutral economy

• Solar Energy Corporation of India Limited (SECI) has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Limited (HPCL) to collaboratively work in the field of renewable energy, electric mobility and alternative fuels including the development of ESG Projects.
• This is in line with the government’s vision of a carbon-neutral economy by 2070.

Science and Technology

International Monsoons Project Office launched in IITM Pune

• Union Minister Jitendra Singh virtually launched the International Monsoons Project Office (IMPO) at the Indian Institute of Tropical Meteorology (IITM), Pune on the occasion of National Science Day (28 February) 2022.
• This IMPO is a step towards making India a global hub for monsoon research and coordination in a seamless manner for addressing common and region-specific aspects of the monsoons around the world.
• IITM, Pune is an institution under the Ministry of Earth Sciences, Government of India, initially for five years.

China’s Long March-8 rocket launches 22 satellites into space

• China’s new Long March-8 rocket launched 22 satellites at the Wenchang Spacecraft Launch Site in southern Hainan. This mission marked a domestic record for the most spacecraft (409) launched by a single rocket.
• These satellites will be mainly used for commercial remote sensing services, marine environment monitoring, forest fire prevention and disaster mitigation.

Appointments

Madhabi Puri Buch was appointed as the first woman Chairperson of SEBI

• Former banker Madhabi Puri Buch was appointed as the new Chairperson of the Securities and Exchange Board of India (SEBI) and the first-ever woman to head the capital markets regulator for three years.
• Madhabi Puri Buch succeeded Ajay Tyagi, who served as a chairman for five years. She was not only the first woman whole-time member of SEBI but also the first person from the private sector working at the regulator.

Securities and Exchange Board of India (SEBI)

• Headquarter: Mumbai, Maharashtra
• Chairman: Madhabi Puri Buch
• Founded: 12 April 1992

1. N. Subrahmanyan was appointed as the Chairperson of L&T Finance Holdings

• The board of directors of L&T Finance Holdings Ltd (LTFH) has approved the appointment of N. Subrahmanyan as its Director and Chairperson.
• He succeeded Shailesh Haribhakti, who served as the chairperson on the board of L&T Finance Holdings from 2017.

Awards and Recognitions

IISER professor Deepak Dhar becomes first Indian to bag Boltzmann Medal

• Physicist Professor Deepak Dhar became the first Indian to be awarded the Boltzmann Medal. He shares the medal with John J Hoefield of Princeton University.
• The Commission on Statistical Physics of the International Union of Pure and Applied Physics (IUPAP) presented this medal once in three years for contributions in the field of statistical physics.

Books and Authors

Anup Jalota released a new book titled ‘Udaan Ek Majdoor Bachhe Ki’ by Captain AD Manek

• Bhajan Samrat Anup Jalota released a new book titled ‘Udaan Ek Majdoor Bachhe Ki’ was authored by Mithilesh Tiwari. This book is about Captain A. D. Manek, the founder of ‘The Skyline Aviation Club’.

Obituary

West Indies spin legend Sonny Ramadhin passed away at 92

• Legendary West Indies spinner Sonny Ramadhin passed away at the age of 92. He was a part of the side that won its first away series in England in 1950. He played 43 Tests and taking 158 wickets at an average of 98.

Microsoft CEO Satya Nadella’s Son Zain nadella passed away at 26

• Microsoft CEO Satya Nadella’s Son Zain nadella passed away at the age of 26 due to cerebral palsy.
• Last year, the Children’s Hospital joined with the Nadellas to establish the Zain Nadella Endowed Chair in Pediatric Neurosciences, as part of Seattle Children’s Center for Integrative Brain Research.

Sports News

Rafael Nadal defeats Cameron Norrie to win the men’s singles title in the 2022 Mexican Open Championship

• Rafael Nadal of Spain defeated Cameron Norrie of the UK to win the men’s singles title in the 2022 Mexican Open Championship held in Acapulco, Mexico. It was his fourth Mexican Open ATP title and his 91^st ATP title.
• He became the youngest and the oldest champion to win the Mexican Open ATP.

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