Daily Current Affairs: March 09, 2022

Daily Current Affairs (March 09, 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

No Smoking Day 2022 – 09 March

  • No Smoking Day is celebrated globally on the second Wednesday of March every year. This day is celebrated to spread awareness and educate people about the adverse impacts of tobacco on their health through cigarettes and other means.

National News

Union Ministry of MSME organises the International Summit on Plastics Recycling and Waste Management in New Delhi

  • Union Minister of State for Micro Small and Medium Enterprises (MSME) Bhanu Pratap Singh Verma has inaugurated the International Summit on Plastics Recycling and Waste Management.
  • This event was organised by the Union Ministry of MSME in association with The All-India Plastics Manufacturers’ Association (AIPMA) in New Delhi.
  • The Union Ministry of MSME also launched two special initiatives — Sambhav and Svavlamban — to promote entrepreneurship amongst youth, especially in aspirational districts all across India.

Union Government sanctions ₹ 3,274 crores for the continuation of freedom fighters pension scheme till 2026

  • The Union Government led by Prime Minister Narendra Modi has approved the continuation of the Swatantrata Sainik Samman Yojana (SSSY) and its components beyond 31 March 2021 for the financial years from 2021–22 to 2025–26, with a total financial outlay of ₹ 3,274.87 crores.
  • This proposal for the continuation of the SSSY was prepared by the Union Ministry of Home Affairs headed by Union Home Minister Amit Shah.

State News

Chhattisgarh Government launches the ‘Kaushalya Matritva Yojana’ for safe motherhood

  • Chhattisgarh Chief Minister Bhupesh Baghel has launched the ‘Kaushalya Matritva Yojana’ and gave away cheques of ₹ 5,000 each to five women beneficiaries for safe motherhood.
  • Under this scheme, financial assistance of ₹ 5000 will be given to women on the birth of a second girl child.

Chhattisgarh    

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

Tamil Nadu Chief Minister M. K. Stalin inaugurates India’s largest floating solar project in Tamil Nadu

  • Tamil Nadu Chief Minister K. Stalin inaugurated India’s largest floating solar project in Thoothukudi, Tamil Nadu, to provide clean energy.
  • Leading fertiliser manufacturer Southern Petrochemical Industries Corporation (SPIC) Limited has set up a floating solar project at Thoothukudi in Tamil Nadu at an estimated cost of ₹ 150.4 crores.
  • This floating solar project aims to provide environmentally sustainable power generation and to reduce carbon footprint.

Tamil Nadu                      

  • Capital: Chennai
  • Chief Minister: M. K. Stalin
  • Governor: R. N. Ravi
  • National Parks: Mukurthi National Park, Guindy National Park, Gulf of Mannar Marine National Park, Indira Gandhi (Annamalai) National Park, Mudumalai National Park

International News

Russia becomes the world’s most-sanctioned country

  • According to a New York-based sanctions watchlist site AI report, Russia became the most sanctioned country in the world due to its war on Ukraine.
  • AI stated that sanctions were first imposed by the United States and its allies on Russia after Russian President Vladimir Putin declared the two Ukrainian regions of Donetsk and Luhansk as ‘independent states’.
  • Before this, Iran was the most sanctioned country in the world facing 3,616 sanctions against it over the last decade.

Russia

  • Capital: Moscow
  • Currency: Russian Rouble
  • President: Vladimir Putin
  • Prime Minister: Mikhail Mishustin

Banking and Economy

RBI launches instant payment system ‘UPI 123PAY’ for feature phone users

  • Reserve Bank of India (RBI) Governor Shaktikanta Das launched an instant payment system ‘UPI 123PAY’ for feature phone users. This new Unified Payments Interface (UPI) will allow India’s 40 crore feature phone users to access the payment service more securely.
  • Currently, UPI services are available for users through the USSD-based (Unstructured Supplementary Service Data-based)
  • UPI is India’s largest digital payment system in terms of transaction volumes. UPI is developed by the National Payments Corporation of India (NPCI), the umbrella organisation for all digital payments in India.
  • He also launched the 24×7 helpline for digital payments, DigiSaathi. It will help customers address queries in the digital payments umbrella including cards in two languages — English and Hindi.
  • Feature phone users will now be able to undertake a host of transactions based on four technology alternatives. They include calling an IVR (interactive voice response) number, app functionality in feature phones, missed call-based approach and also proximity sound-based payments

Reserve Bank of India (RBI)

  • Headquarters: Mumbai, Maharashtra
  • Formation: 1 April 1935
  • Governor: Shaktikanta Das
  • Deputy Governors: K. Jain, M. D. Patra, M. Rajeshwar Rao and T. Rabi Sankar
  • Subsidiaries: Deposit Insurance and Credit Guarantee Corporation (DICGC), Bharatiya Reserve Bank Note Mudran Limited (BRBNML)

Axis Bank launches the ‘House Work Is Work’ initiative to bring educated women to the workforce

  • Axis Bank has launched the ‘House Work Is Work’ initiative, offering opportunities to women who want to rejoin the professional space. The main aim of this initiative is to give these women the confidence that they are employable, they have skills and they can fit in various job roles in a bank and it is about getting these women back to work.
  • GIG-A-Opportunities is Axis Bank’s new platform for alternative work models to attract the finest talent, with a promise of growth.

Axis Bank

  • Headquarters: Mumbai, Maharashtra
  • MD and CEO: Amitabh Chaudhry
  • Tagline: Badhti Ka Naam Zindagi

RBI releases a booklet on modus operandi of financial frauds

  • RBI has released a booklet, ‘BE(A)WARE’, on the common modus operandi used by fraudsters and the precautions that are to be taken while carrying out various financial transactions.
  • According to this booklet, sharing of confidential information by customers, knowingly or unknowingly, is one of the major causes leading to financial fraud in India,
  • This booklet aims to enhance public awareness about financial frauds perpetrated on gullible customers.

SEBI increases public debt investment limit through UPI to ₹ 5 lakhs

  • The Securities and Exchange Board of India (SEBI) increased the investment limit for payments through the Unified Payments Interface (UPI) mechanism for retail investors buying debt securities in public issues to ₹ 5 lakhs from ₹ 2 lakhs currently to make investments more accessible.
  • This new framework will apply to public issues of debt securities that open from 01 May 2022.

Securities and Exchange Board of India (SEBI)

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

HDFC Mutual Fund launches an exclusive financial empowerment initiative named ‘Laxmi For Laxmi’

  • HDFC Mutual Fund has launched a women-led financial empowerment initiative named ‘Laxmi For Laxmi’, which will connect women investors to women financial experts near them through a unique missed call service. The female financial experts will guide and address the queries of the women investors.
  • Through this initiative, HDFC Mutual Fund aims to support women investors in their journey to become financially independent while making mutual fund investments accessible to them.

RBI extends the interest subsidy scheme for exporters till March 2024

  • The Reserve Bank of India (RBI) has extended the ‘Interest Equalisation Scheme’ for pre and post-shipment rupee credit for micro, small and medium enterprises (MSMEs) exporters till March 2024 to boost outbound shipments.
  • Exporters get subsidies under the ‘Interest Equalisation Scheme’ for pre and post-shipment rupee export credit. The interest equalisation rates under this scheme have been revised to 2 per cent and 3 per cent for specified categories of MSME manufacturer exporters.

Star Health Insurance launches the ‘Star Women Care Insurance Policy’

  • Star Health and Allied Insurance Company Limited has launched its new ‘Star Women Care Insurance Policy’ for women who are 18 years up to 75 years of age.
  • This is a women-centric comprehensive health cover specially designed to protect healthcare needs at every stage of their lives.

Star Health and Allied Insurance Company Limited

Agreements and MoUs Signed

Flipkart partners with Google Cloud to improve its innovation and cloud strategy

  • E-commerce firm Flipkart has entered into a multi-year strategic partnership with Google Cloud to improve Flipkart’s innovation and cloud strategy.
  • This partnership will propel Flipkart into its next phase of growth and advance its vision of onboarding India’s next 200 million shoppers and lakhs of sellers.

Flipkart

Science and Technology

Petascale supercomputer ‘PARAM Ganga’ installed at IIT Roorkee

  • The National Supercomputing Mission (NSM) has deployed ‘PARAM Ganga’ supercomputer at IIT Roorkee with a supercomputing capacity of 66 Petaflops.
  • This supercomputer is designed and commissioned by C-DAC under the second phase of the building approach of the NSM.

Appointments

Lupin appoints Mary Kom as brand ambassador for its ‘Shakti’ campaign

  • Homegrown pharma major Lupin Limited has appointed six-time World Boxing Champion and Olympics bronze medallist Mary Kom as brand ambassador for its ‘Shakti’ campaign.
  • This campaign is aimed at increasing awareness about heart diseases among women through interactive social media sessions, sharing informative videos from doctors and in-clinic awareness activities for patients.

Awards and Recognitions

Syeda Rizwana Hasan won the 2022 US International Women of Courage Award

  • The US Department of State has decided to recognise Bangladesh Environmental Lawyers Association’s (BELA) Chief Executive Syeda Rizwana Hasan with the 2022 US International Women of Courage Award.
  • She is a lawyer who demonstrates exceptional courage and leadership in her mission to protect the environment and defend the dignity and rights of marginalised Bangladesh citizens.

Obituary

Former Pakistan President Rafiq Tarar passed away at 92

  • Former Pakistan President Rafiq Tarar passed away at the age of 92. He served as the President of Pakistan between 1997 and 2001 after being nominated by the then Pakistan Prime Minister Nawaz Sharif.
  • He also served as a Supreme Court judge in Pakistan from 1991 to 1994.

Sports News

Olympic champion Mondo Duplantis sets pole vault world record of 6.19 m in Belgrade

  • Sweden’s Olympic pole vault champion Mondo Duplantis cleared 19 m to smash his own world record by one centimetre at the World Indoor Tour Silver Meeting held in Belgrade.
  • This is the fourth world record of the twenty-two-year-old Duplantis’s career.

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