Daily Current Affairs: March 03, 2022

Daily Current Affairs (March 03, 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

World Wildlife Day – 03 February

• World Wildlife Day is observed annually on 03 March to celebrate and raise awareness about the world’s wild fauna and flora.
• On 20 December 2013, the United Nations General Assembly (UNGA) proclaimed 03 March, the day of signature of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1973, as World Wildlife Day.
• The theme for World Wildlife Day (WWD) 2022 is ‘Safeguarding key species for ecosystem restoration’.

World Hearing Day – 03 March

• World Hearing Day is observed every year on 03 March to raise awareness about the ways of preventing deafness and hearing loss and promoting ear and hearing care across the world.
• The theme for World Hearing Day 2022 is ‘To hear for life, listen with care’.

State News

Jammu and Kashmir celebrates the ‘Herath’ festival

• The people of Jammu and Kashmir people celebrated the ‘Herath’ or ‘Shivratri’ This festival is historically a major festival of the people of Jammu and Kashmir.
• This festival marks the marriage anniversary of Lord Shiva and Goddess Parvathi.

Jammu and Kashmir

• Capital: Srinagar (Summer), Jammu (Winter)
• Lt. Governor: Manoj Sinha
• National Parks: Hemis National Park, City Forest (Salim Ali) National Park, Dachigam National Park, Kishtwar National Park
• Wildlife Sanctuaries: Changthang Cold Desert Wildlife Sanctuary, Gulmarg Wildlife Sanctuary, Jasrota Wildlife Sanctuary, Baltal-Thajwas Wildlife Sanctuary, Karakoram (Nubra Shyok) Wildlife Sanctuary
• Lakes: Mansar Lake, Nagin Lake, Wular Lake, Surinsar Lake, Dal Lake

Banking and Economy

IDBI Bank launches C-LMS and G-LMS for institutional customers

• IDBI Bank has launched Corporate Liquidity Management Solution (C-LMS) and Government Liquidity Management Solution (G-LMS) to meet the liquidity management needs of institutional customers.

IDBI Bank

• Headquarters: Mumbai, Maharashtra
• CEO: Rakesh Sharma
• On 21 January 2019, Life Insurance Corporation (LIC) of India completed the acquisition of 51 per cent stake in IDBI bank.

Edelweiss Housing Finance partners with Standard Chartered Bank for co-lending of loans against properties

• Edelweiss Housing Finance has partnered with Standard Chartered Bank for extending loans against properties (LAP) to prospective customers, especially micro, small and medium enterprises (MSMEs).
• This co-lending partnership will help Standard Charted Bank to grow its loan portfolio. It would provide an alternate model for loan disbursals that is asset-light and create a sound revenue model for sustainable business for Edelweiss Housing Finance Limited.

UCO Bank extends its tie-up with Fisdom to offer demat accounts and stockbroking services

• State-owned UCO Bank has extended its fintech partnership with Fisdom to include demat accounts and stockbroking services, pension funds and tax filing to offer customers a three-in-one personal banking experience.
• This extension suite will be offered through UCO Bank’s mobile banking application ‘UCO mBanking Plus’ and accessible through its internet banking platform.

UCO Bank

• Headquarters: Kolkata, West Bengal
• MD & CEO: Soma Shankar Prasad
• Tagline: Honours your trust

IIFL Finance partners with NIRA to provide personal loans

• IIFL Finance has partnered with fintech company NIRA to provide personal loans of up to ₹ 1 lakh. Under this partnership, salaried customers can avail of a personal loan of up to ₹ 1 lakh from IIFL Finance.
• NIRA is a Bangaluru-based consumer finance business firm. They offer loans to borrowers starting at incomes as low as ₹ 10,000 per month.

Agreements and MoUs signed

Google partners with the Union Ministry of Electronics and Information Technology to help Indian startups build high-quality mobile applications

• Google has partnered with MeitY Startup Hub, an initiative of the Union Ministry of Electronics and Information Technology (MeitY) to help 100 Indian early to mid-stage startups build high-quality global mobile applications and games as part of the Appscale Academy.
• As part of the six-month programme, the 100 startups will be trained through a customised curriculum designed to help them drive high-quality mobile applications for a global market.

Paytm partners with IRCTC for unreserved and platform tickets

• Digital payments company Paytm has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to provide digital ticketing services to consumers through Automatic Ticket Vending Machines (ATVM) installed at railway stations across India.
• Passengers will be able to purchase unreserved train journey tickets, platform tickets, renew their seasonal tickets and recharge their smart cards by scanning Quick Response (QR) codes generated on the screens.

LIC HFL partners with CSC to provide loans via over 4 lakh village-level entrepreneurs

• LIC Housing Finance Limited (LIC HFL) has partnered with CSC e-Governance Services India Limited (CSC) to provide loans to Indian citizens through CSC’s network of over four lakh Village-Level Entrepreneurs (VLEs).
• Under this partnership, VLEs will be able to avail a range of LIC HFL loans such as home loans, retired employees’ pensions, residential plot loans, Griha Suvidha for private-sector workers or self-employed and loans against properties and top-up loans.

NPCI partners with Yatra and SBI Card to launch co-branded contactless credit card on RuPay network

• National Payments Corporation of India (NPCI) has partnered with com and SBI Card to launch a one-of-its-kind co-branded ‘Yatra SBI Card’ on the RuPay network.
• This holiday-cum-shopping credit card is set to delight travellers with exclusive travel benefits on booking flights and hotels which would be applicable six times a year.

Appointments

LIC Mutual Funds appoints T. S. Ramakrishnan as its MD and CEO

• S. Ramakrishnan was appointed as the Managing Director and Chief Executive Officer (CEO) of the LIC Mutual Funds. He succeeded Dinesh Pangtey.
• He has over 34 years of experience at LIC and its subsidiaries/associate companies.

UpGrad appoints Amitabh Bachchan as its brand ambassador

• EdTech platform UpGrad has appointed Amitabh Bachchan as its brand ambassador. He will promote the importance of life-long learning.
• As a part of this partnership, he will also be seen supporting UpGrad’s brand value through endorsements and promotions of services offered by the firm.

Deepak Parekh steps down as the Non-executive Chairman of HDFC Ergo General Insurance

• Deepak Parekh has stepped down as the Non-executive Chairman of HDFC Ergo General Insurance. Keki Mistry was appointed as the Non-executive Chairman of HDFC Ergo General Insurance.

Ranking and Indices

India ranks third in billionaire population globally: Knight Frank Wealth Report 2022

• According to Knight Frank’s 2022 Wealth Report, India ranked third in billionaire population globally. The top five countries in billionaire population are the United States, China, India, Germany and Russia.
• In India, the number of ultra high-net-worth individuals (UHNWIs) (net assets with $ 30 million or more) has grown by 11 per cent year-over-year (YoY) in 2021, the highest percentage growth in the Asia Pacific Accreditation Cooperation (APAC).

Telangana tops in terms of Per Capita Net State Domestic Product at current prices

• As per the latest data from the Union Ministry of Statistics and Programme Implementation, Telangana has ranked the highest in India among states with a population over 1 crore in terms of growth rate in terms of Per Capita Net State Domestic Product at current prices.
• Telangana was followed by Maharashtra, Karnataka and Tamil Nadu.

India ranks 120^th in the 17 Sustainable Development Goals adopted as a part of the 2030 Agenda

• India has ranked 120^th in the 17 Sustainable Development Goals (SDGs) adopted as a part of the 2030 Agenda by 192 United Nations member states in 2015.
• With the latest rankings, India is now behind all South Asian nations except Pakistan (129). The South Asian countries ahead of India are Bhutan (75), Sri Lanka (87), Nepal (96) and Bangladesh (109).
• Union Environment Minister Bhupender Yadav released the Centre for Science and Environment’s (CSE) State of India’s Environment Report 2022.
• India’s rank dropped primarily because of major challenges in 11 SDGs including zero hunger, good health and wellbeing, gender equality and sustainable cities and communities.

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