Daily Current Affairs: March 31, 2022

Daily Current Affairs (March 31, 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

International Transgender Day of Visibility – 31 March

• International Transgender Day of Visibility is observed on 31 March every year to raise awareness about the struggles that transgenders face and advocate for more protected rights and empower the transgender community.
• This day was founded by US-based transgender activist Rachel Crandall of Michigan in 2009.

National News

Indian Ocean Naval Symposium holds its first maritime exercise named ‘IMEX-22’ at Goa and in the Arabian Sea

• The regional grouping Indian Ocean Naval Symposium (IONS) has conducted its first edition of maritime exercise named ‘IMEX-22’ at Goa and in the Arabian Sea.
• This exercise witnessed the participation of 16 of the 25 member nations of the IONS. This exercise is aimed to enhance interoperability in Humanitarian Assistance and Disaster Relief (HADR) operations among member navies.

Goa 

• Capital: Panaji
• Chief Minister: Pramod Sawant
• Governor: P. S. Sreedharan Pillai
• National Park: Mollem National Park

Delhi Metro’s first interchange station was inaugurated at the Punjabi Bagh

• The Delhi Metro Rail Corporation’s first interchange station that connects two operational corridors was inaugurated at the Punjabi Bagh.
• This new interchange station at the Punjabi Bagh will interconnect the Green Line and Pink Line of the Delhi Metro.

State News

Manipur signs an MoU with Samsung and Abhitech to set up a sports digital experience centre in Imphal

• Manipur has signed a Memorandum of Understanding (MoU) with tech-giant Samsung Data System India and Abhitech IT Solutions for setting up a world-class ‘sports digital experience centre’ as a part of Manipur Olympian Park and at Khuman Lampak Sports Complex.
• This MoU was signed in the presence of Manipur Chief Minister Biren Singh at the Cabinet Hall of the Chief Minister’s Secretariat in Imphal.

Manipur

• Capital: Imphal
• Chief Minister: Biren Singh
• Governor: Ganesan

Maharashtra Government launches a scheme to offer personal loans for prisoners

• Maharashtra Government has launched a scheme to provide personal loans for prisoners to improve the living standard of the families of the prison inmates.
• The Maharashtra State Co-operative Bank will give loans up to ₹ 50,000 at an interest rate of 7 per cent under this scheme.
• This scheme will be implemented on a pilot basis at the Yerawada Central Jail in Pune, Maharashtra.

Maharashtra    

• Capital: Mumbai
• Chief Minister: Uddhav Thackeray
• Governor: Bhagat Singh Koshyari
• National Parks: Chandoli National Park, Gugamal National Park, Nawegaon National Park, Pench (Jawaharlal Nehru) National Park, Sanjay Gandhi (Borivilli) National Park, Tadoba National Park

UAE-based Lulu Group International is set to invest ₹ 3,500 crores in Tamil Nadu

• Multi-national conglomerate LuLu Group International has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest ₹ 3,500 crores in Tamil Nadu to build two shopping malls and set up an export-oriented food processing unit.
• While the malls will be built at a cost of ₹ 2,500 crores, the food processing unit will come up at a cost of ₹ 1,000 crores.
• These three projects will employ over 5,000 people in Tamil Nadu.

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

India and Australia agree to collaborate in lithium and cobalt identification projects

• India and Australia have agreed to jointly undertake due diligence on greenfield and brownfield lithium and cobalt mineral assets that holds critical and strategic interest for India and Australia.
• The plan for this agreement is to involve agencies and companies in India and Australia to identify opportunities that come up for mining these key minerals and make joint investment decisions and acquisition of the assets in Australia.

Australia

• Capital: Canberra
• Currency: Australian Dollar
• Prime Minister: Scott Morrison
• Deputy Prime Minister: Barnaby Joyce

Prime Minister Narendra Modi virtually attends the fifth BIMSTEC Summit

• This BIMSTEC Summit was hosted by Sri Lanka, which is the current BIMSTEC Chair.
• The theme of the fifth BIMSTEC Summit is ‘Towards a resilient region, prosperous economies, healthy people’.
• This year (2022) marks the twenty-fifth year of the establishment of BIMSTEC.

Banking and Economy

HDFC ERGO launches a banking industry-first digitally engagement and rewards programme named ‘VAULT’

• HDFC ERGO General Insurance Company has launched a banking industry-first digital customer engagement and rewards programme named ‘VAULT’.
• Under this programme, the insurer will incentivise its Optima Restore health insurance customers by way of reward points for performing certain activities like staying insured under the policy for more than two years, holding two active HDFC ERGO retail policies, interacting digitally, using the cashless network of healthcare providers, etc.

Karnataka Bank opens its Digi Centre in Mangalore

• Karnataka Bank has opened a ‘Digi Centre’ in Mangalore, Karnataka. This Digi Centre was inaugurated by the Chief Business Officer (CBO) of Karnataka Bank Gokuldas Pai.
• This digital centre offers various services like opening of savings bank accounts, issuance of debit cards, cash withdrawal, cash deposit and in-principal sanction of retail loans through digital mode/channels in a paperless, efficient, safe and secured environment.

GDP Predictions

India Ratings revises India’s real GDP growth to 7.0–7.2 per cent for FY23

• India Ratings has projected India’s real Gross Domestic Product (GDP) growth estimate for the fiscal year 2023 (FY23) to 7.0–7.2 per cent due to the impact of high crude oil and commodity prices on domestic consumption amid the Russia–Ukraine conflict.
• Earlier, it had revised India’s economic growth estimates for FY23 to 7.6 per cent.

Agreements and MoUs Signed

Central Bank of India partners with Kwik.ID to ​bring digital process to rural areas

• Central Bank of India has partnered with ID to implement digital Know Your Customer (KYC), video KYC and e-KYC for its network across India.
• This partnership will support the Central Bank of India in driving its digital transformation agenda and supporting digital finance initiatives championed by the Union Government.

Google Pay collaborates with Pine Labs to offer ‘Tap to Pay’ for UPI users in India

• Google Pay has collaborated with Pine Labs to launch the ‘Tap to Pay’ for Unified Payments Interface (UPI) users in India.
• Under this collaboration, users can now complete payment by tapping their phone on the POS terminal and authenticate the payment using their UPI PIN.

SpiceJet, Boeing, CSIR-IIP forge ties for eco-friendly aviation fuel

• SpiceJet, Boeing and CSIR-Indian Institute of Petroleum (IIP) have announced that they are working together to explore opportunities for the use of Sustainable Aviation Fuel (SAF) in the Indian aviation industry.
• This coordination is part of their commitments to helping reduce carbon emissions to achieve environmental goals.

HDFC Bank partners with Shoppers Stop to launch co-branded credit cards

• HDFC Bank has partnered with Shoppers Stop to launch a new range of co-branded credit cards to provide an elevated shopping experience in a convenient manner.
• These co-branded credit cards will be available for over 80 lakh ‘First Citizen’ customers of Shoppers Stop along with HDFC Bank
• These co-branded credit cards will be available in two categories – Shoppers Stop HDFC Bank Credit Card and Shoppers Stop Black HDFC Bank Credit Card.

Obituary

Belgian footballer Miguel Van Damme passed away at 28

• Belgian footballer Miguel Van Damme passed away at the age of 28. He was diagnosed with leukemia in 2016 and was undergoing treatment for cancer for over five years.
• Miguel Van Damme made 40 appearances for Cercle Brugge.

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