Ca Magazine March 2024
Ca Magazine March 2024
Ca Magazine March 2024
CONTENTS
1. National ..................................................................................................................................................................... 2
2. International ............................................................................................................................................................. 9
3. Science & Technology ............................................................................................................................................ 13
4. Appointment & Resignations................................................................................................................................. 16
5. Awards & Recognition ........................................................................................................................................... 21
6. Book & Author ........................................................................................................................................................ 25
7. Important Days ....................................................................................................................................................... 26
8. Obituaries................................................................................................................................................................ 31
9. Ranks & Reports ..................................................................................................................................................... 32
10. Sports ...................................................................................................................................................................... 34
11. Summits And Mous................................................................................................................................................. 37
12. Banking & Economy ............................................................................................................................................... 41
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IMPORTANT ONE LINERS FOR OLETS
NATIONAL
DGCA Penalizes Air India ₹30 Lakh For 80-Year-Old Passenger’s Demise
On February 12, upon arriving at Mumbai airport from New York on an Air India flight, an 80-year-old passenger,
who had pre-booked a wheelchair, chose to walk due to the unavailability of one.
The Directorate General of Civil Aviation (DGCA) is the regulatory body in the field of Civil Aviation, primarily
dealing with safety issues.
‘Tawi Festival’ In Jammu to kick off on March 1, 2024, For Four Days
Jammu & Kashmir Rural Livelihoods Mission (JKRLM) SHGs prepare for their debut at the 4-day ‘Tawi Festival’ in
Jammu.
The initiative, in collaboration with the Amar Mahal Museum and Library (AMML), is designed to provide a platform
for these women to exhibit their talents and achieve economic empowerment.
Zoological Survey of India Names New Marine Species after President Droupadi Murmu
The Zoological Survey of India (ZSI) has identified and named a new species of marine head-shield sea slug
discovered along the West Bengal and Odisha coasts. Named Melanochlamys droupadi.
About Zoological Survey of India:
Headquarters: Kolkata;
Founded: 1 July 1916;
Director: Dr. Dhriti Banerjee;
Founder: Government of India.
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Chapchar Kut Festival Celebrated Across Mizoram
Chapchar Kut, the grandest festival in Mizoram, resonated throughout the state with vibrant traditional customs and
jubilant festivities.
India’s first indigenous Prototype Fast Breeder Reactor at Kalpakkam, Tamil Nadu
PM Modi marked the beginning of a new era in India’s nuclear energy sector by witnessing the “Core Loading” at the
Prototype Fast Breeder Reactor (PFBR) in Kalpakkam, Tamil Nadu.
Uttar Pradesh Leads in Issuing 5 Crore Ayushman Cards under Ayushman Bharat PMJAY
Uttar Pradesh, under the leadership of Chief Minister Yogi Adityanath, has achieved a milestone by becoming the
first state in the country to issue five crore Ayushman cards.
The state of Uttar Pradesh has issued 50,017,920 Ayushman cards, benefiting 74,382,304 individuals.
Minister Hardeep S Puri Inaugurates 201 CNG Stations & GAIL’s First Small Scale LNG Unit
Source: News on AIR
Minister Hardeep Singh Puri, overseeing Petroleum and Natural Gas as well as Housing and Urban Affairs, dedicated
201 CNG Stations and India’s inaugural Small Scale LNG Unit of GAIL.
The event, graced by numerous dignitaries, underscored the government’s pledge to elevate the share of natural gas
in the primary energy basket to 15% by 2030.
Himachal Pradesh Announces “Indira Gandhi Pyari Behna Sukh Samman Nidhi Yojna”
Source: Mint
Himachal Pradesh Chief Minister Sukhvinder Sukhu has announced a groundbreaking initiative aimed at
empowering women in the state.
Under this scheme, eligible women will receive a monthly stipend of ₹1,500, amounting to an annual expenditure of
₹800 crore.
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The Union Minister for Education, Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, inaugurated
the Centre of Management Education jointly established by IIM Mumbai and IIM Sambalpur.
The inauguration took place at the NALCO Training Institute in Angul, Odisha, amidst the presence of Shri Sridhar
Patra, CMD, NALCO.
PM Modi Unveils Bronze Statue of Ahom General Lachit Borphukan in Assam’s Jorhat
Source: The Indian Express
Prime Minister Narendra Modi unveiled a 125-foot bronze statue of the legendary Ahom general, Lachit Borphukan,
at his burial site in eastern Assam’s Jorhat district.
Chief Minister of Assam’s Himanta Biswa Sarma accompanied the Prime Minister during the program.
Union Minister Arjun Munda Inaugurates National Dairy Mela and Agricultural Exhibition in Jharkhand
Source: PIB
The 3-day National Dairy Mela and Agricultural Exhibition at Chaibasa in Jharkhand was inaugurated by Union
Minister of Tribal Affairs, Agriculture, and Farmers Welfare, Shri Arjun Munda.
Organized by the National Dairy Research Institute, Karnal, Haryana, this event marks the first of its kind in
Jharkhand, aimed at fostering the comprehensive development of livestock and agriculture in tribal areas.
Tamil Nadu Launches ‘Neengal Nalama’ Scheme to Review Implementation of Welfare Programs
Tamil Nadu government has launched the ‘Neengal Nalama’ (Are you fine?) scheme, a beneficiary outreach program
aimed at reviewing the implementation of flagship schemes and addressing the grievances of the public.
Under the ‘Neengal Nalama’ scheme, people will be directly contacted by the Chief Minister, Chief Secretary,
Department Heads, Department Secretaries, and District Collectors.
About Tamil Nadu:
Chief Minister: M. K. Stalin;
Capital: Chennai;
Governor: R. N. Ravi.
Dr Mansukh Mandaviya launches Credit Assistance Program for Jan Aushadhi Kendras
Dr. Mansukh Mandaviya, Union Minister for Chemicals and Fertilizers and Health and Family Welfare, spearheaded
the inauguration of a credit assistance program aimed at bolstering Jan Aushadhi Kendras across India.
The program, initiated through a collaboration between SIDBI and PMBI.
Prime Minister Narendra Modi Inaugurates India’s First Automobile In-Plant Railway Siding
Prime Minister Narendra Modi unveiled the inaugural automobile in-plant railway siding at Suzuki Motor Gujarat
Private Limited, a wholly-owned subsidiary of Maruti Suzuki India Limited (MSIL).
Managing Director & CEO of Maruti Suzuki India Limited: Mr. Hisashi Takeuchi
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Union Minister Inaugurates “National Speed Breeding Crop Facility” At NABI
Dr. Jitendra Singh, the Union Minister of Science & Technology, inaugurated the “National Speed Breeding Crop
Facility” at NABI (National Agri-Food Biotechnology Institute), Mohali.
The facility serves all Indian states, with a focus on North Indian states like Punjab, Himachal Pradesh, Haryana, and
Jammu & Kashmir.
Kashmir Hosts First Formula-4 Car Racing Event along Dal Lake
The beautiful Dal Lake in Kashmir witnessed an exciting event on March 18. Formula-4 car racing was held for the
first time in the region.
About Jammu & Kashmir:
Capitals: Srinagar (May–October); Jammu (November–April)
Districts: 20
Union territory: 31 October 2019
Odisha CM Naveen Patnaik Inaugurates India’s First Indoor Athletics and Aquatic Centres
Odisha Chief Minister Naveen Patnaik inaugurated India’s first indoor athletics stadium and indoor aquatic centre at
the Kalinga stadium in Bhubaneshwar.
About Odisha:
Capital: Bhubaneswar
Governor: Raghubar Das
Election Commission launches ‘Mission 414’ campaign in Himachal Pradesh to boost voter turnout
The Election Commission has launched a special campaign in Himachal Pradesh to boost voter turnout in 414 polling
stations with less than 60% voting during the last Lok Sabha polls.
About Election commission of India:
Founded: 25 January 1950
Headquarters: New Delhi
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India-US Joint Military Exercise “EX TIGER TRIUMPH – 24”
A joint military exercise called Tiger Triumph-24 between India and the United States started on March 18 and will
continue until March 31. This exercise is taking place on the Eastern Seaboard (East Coast) of India.
They had last met in November 2023 for the India-US Ministerial 2+2 Dialogue in New Delhi.
About US:
Capital: Washington, D.C.
Speaker: Mike Johnson (Republican Party)
Attorney general: Merrick Garland
Tamil Nadu Makes History with India’s Second Privately Developed Rocket
Tamil Nadu is set to witness a historic event as one of its space startups, Agnikul Cosmos Private Limited, prepares
to launch its first rocket, Agnibaan Sub Orbital Technology Demonstrator (SOrTeD), from the Satish Dhawan Space
Centre in Sriharikota, Andhra Pradesh.
This launch will also be India’s first semi-cryogenic engine-powered rocket launch, showcasing advancements in
propulsion technology.
Agnikul Cosmos Private Limited, founded in 2017 by Srinath Ravichandran, Moin SPM, and Satya Chakravarthy,
became the first company in India to collaborate with the Indian Space Research Organisation (ISRO) under the IN-
SPACe initiative.
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INTERNATIONAL
Ghana Parliament Passes Anti-LGBTQ Bill
Ghana’s parliament has approved a controversial anti-LGBTQ bill, the Human Sexual Rights and Family Values Bill,
which awaits presidential assent.
About Ghana:
Capital: Accra;
Currency: Ghanaian Cedi;
President: Nana Akufo-Addo
India & South Korea to Boost Cooperation in New Tech & Semiconductors
India aims to enhance its strategic partnership with South Korea by expanding cooperation into new and critical
areas, External Affairs Minister S Jaishankar announced during the 10th India-South Korea Joint Commission
Meeting in Seoul.
Co-chairing the meeting with his South Korean counterpart, Cho Tae-yul, Jaishankar.
Sea6 Energy Launches World’s First Large-Scale Mechanized Tropical Seaweed Farm
Source:
Sea6 Energy, a pioneer in the Blue Economy, has launched the world’s first large-scale mechanized tropical seaweed
farm off the coast of Lombok, Indonesia.
The one-square-kilometer seaweed farm is a significant milestone in establishing the scalability of sustainable
tropical seaweed cultivation for various industrial applications.
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Kumar will replace Pavan Kapoor, who has been appointed as the new Secretary (West) in the MEA, as India’s envoy
in Moscow.
Microsoft named British AI pioneer Mustafa Suleyman as the head of its AI division
Microsoft named British AI pioneer Mustafa Suleyman as the head of its AI division. Suleyman, who co-founded
Google’s DeepMind, will now report directly to Microsoft CEO Satya Nadella.
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Rumi Alqahtani, a 27-year-old model and influencer from Saudi Arabia will be the first participant from the country
in the Miss Universe competition.
This will be the Kingdom of Saudi Arabia’s first appearance in the Miss Universe pageant.
The Miss Universe pageant 2024 will be held in Mexico.
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SCIENCE & TECHNOLOGY
DRDO Successfully Tests Very Short-Range Air Defence System (VSHORADS)
The Defence Research and Development Organisation (DRDO) has conducted two successful flight tests of the Very
Short-Range Air Defence System (VSHORADS) missile on February 28th and 29th, 2024.
VSHORADS, a Man Portable Air Defence System (MANPAD), has been designed and developed indigenously by the
Research Centre Imarat (RCI) in collaboration with other DRDO laboratories and Indian industry partners.
About DRDO:
Founded: 1958
Headquarters: New Delhi
Agency executive:Sameer V. Kamat, Chairman
INAS 334 Squadron to Welcome MH 60R ‘Seahawks’ Into the Indian Navy
The Indian Navy is poised to achieve a significant milestone on March 6, 2024, with the commissioning of the MH
60R Seahawk helicopter at INS Garuda, Kochi.
The Seahawks squadron will be designated as INAS 334.
DRDO Successfully Tests Agni-5 Missile with MIRV Technology, Mission Divyastra
Prime Minister Narendra Modi announced that the Defence Research and Development Organisation (DRDO) has
successfully conducted the maiden flight test of the locally developed Agni-5 missile with multiple independently
targetable re-entry vehicle (MIRV) technology.
The test, codenamed “Mission Divyastra” (divine weapon.)
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About DRDO:
Founded: 1958;
Headquarters: DRDO Bhavan, New Delhi;
Agency executive: Sameer V. Kamat, Chairman, DRDO.
Launch of ‘Agray’ and ‘Akshay’ Fifth and Sixth Ship of ASW SWC (GRSE) Project
On 13th March 2024, a significant milestone was achieved in the Indian Navy’s shipbuilding program with the
launch of ‘Agray’ and ‘Akshay’, the 5th and 6th ships of the 08 x ASW (Anti-Submarine Warfare) Shallow Water Craft
(SWC) Project.
These ships are being built by M/S Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata for the Indian Navy.
The launch ceremony was presided over by Air Chief Marshal V R Chaudhari, Chief of the Air Staff, Indian Air Force.
Indian Army contingent departing for the joint military exercise “Exercise Lamitiye – 2024”
The Tenth edition of the Joint Military Exercise “LAMITIYE-2024” between the Indian Army and Seychelles Defence
Forces (SDF).
The exercise will be conducted in Seychelles from 18-27 March 2024.
‘LAMITIYE’ means ‘Friendship‘ in the Creole language.
The exercise has been conducted in Seychelles since 2001.
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Army deploys advanced anti-drone defense systems along China border
In response to escalating tensions along the northern borders with China, the Indian Army has initiated significant
enhancements to its air defence capabilities.
Central to this strategic maneuver is the deployment of cutting-edge Integrated Drone Detection and Interdiction
Systems (IDD&IS), developed domestically in collaboration between the Defence Research and Development
Organisation (DRDO) and Bharat Electronics.
Indian Army Kicks Off Annual Army Commanders’ Conference in Hybrid Format
The Indian Army is organizing the first Army Commanders’ Conference for the year 2024 in a hybrid mode.
The virtual segment of the conference is scheduled for 28th March 2024, followed by the physical mode in New
Delhi on 1st and 2nd April 2024.
The conference will be chaired by the Chief of the Army Staff (COAS), General Manoj Pande.
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APPOINTMENT & RESIGNATIONS
IPS Officer Daljit Singh Chaudhary Named NSG’s New Director General
Daljit Singh Chaudhary, a 1990 batch IPS officer, has been appointed as the Director General (DG) of the National
Security Guard (NSG).
BPCL Teams Up With Neeraj Chopra as Brand Ambassador for ‘Speed’ Petrol
Bharat Petroleum Corporation (BPCL), one of India’s leading petroleum companies, has recently announced its
partnership with Olympic and World Javelin Champion Neeraj Chopra.
G. Krishnakumar is the Chairman and Managing Director of BPCL.
Future Generali India Life Insurance Appoints Alok Rungta as Managing director & CEO
Source: Zee Business
Alok Rungta has been appointed as the Managing Director and CEO of Future Generali India Life Insurance, effective
April 1st, pending regulatory approvals.
Rajendra Prasad Goyal Assumes Additional Charge as Chairman & MD Of NHPC Limited
Source: The Print
Rajendra Prasad Goyal, Director (Finance) of NHPC, has recently assumed the additional charge of Chairman and
Managing Director of NHPC Limited.
Nayab Singh Saini to Succeed Manohar Lal Khattar as Haryana’s New Chief Minister
Nayab Singh Saini, an influential leader from the Other Backward Classes (OBC) community, has been appointed as
the new Chief Minister of Haryana.
About Haryana:
Capital: Chandigarh
Governor: Bandaru Dattatreya
Kishor Makwana Assumes Charge as Chairman of National Commission for Scheduled Castes
Kishor Makwana has assumed the charge of Chairman of the National Commission for Scheduled Castes (NCSC) in
New Delhi. Shri Luv Kush Kumar has also taken charge as a Member of the NCSC.
National Commission for Scheduled Castes was founded in 19 February 2004.
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Gyanesh Kumar, Sukhbir Sandhu Appointed as New Election Commissioners
The Prime Minister Narendra Modi-led three-member committee has appointed Gyanesh Kumar and Sukhbir Singh
Sandhu as new Election Commissioners.
About Election Commissioner of India:
HQ: Delhi
Established: 25th January 1950.
Kiren Rijiju gets additional charge after Pashupati Kumar Paras resigns from Union cabinet
Pashupati Kumar Paras, former Union minister and president of the Rashtriya Lok Janshakti Party (RLJP), resigned
from the Union Cabinet following his party’s exclusion from the National Democratic Alliance (NDA) seat-sharing
arrangement in Bihar for the upcoming Lok Sabha elections.
In response, President Droupadi Murmu accepted his resignation and appointed Kiren Rijiju with an additional
charge as the Minister of Food Processing Industries.
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The central government has approved the appointment of Nidhu Saxena as the Managing Director & Chief Executive
Officer (MD & CEO) of the Bank of Maharashtra.
This appointment will be effective for a period of three years starting from 27 March 2024.
Indian Expert Kamal Kishore to Lead UN’s Disaster Risk Reduction Efforts
The United Nations Secretary-General António Guterres has appointed Kamal Kishore of India as the new Assistant
Secretary-General and Special Representative of the Secretary-General for Disaster Risk Reduction.
He will lead the United Nations Office for Disaster Risk Reduction (UNDRR).
Mr. Kishore will succeed Mami Mizutori of Japan, whom the Secretary-General thanked for her service.
Justice Mohammad Yousuf Wani Sworn in as Additional Judge of J&K and Ladakh High Court
Justice Mohammad Yousuf Wani was administered the oath of office as an Additional Judge of the High Court of
Jammu and Kashmir and Ladakh.
The oath was administered by Chief Justice N. Kotiswar Singh in Srinagar.
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AWARDS & RECOGNITION
Dr Pradeep Mahajan receives Maharashtra Bhushan Award 2024
Dr. Pradeep Mahajan, the Founder and Chairman and Managing Director (CMD) of StemRx Hospital and Research
Centre, along with StemRx Bioscience Solutions, has been awarded the prestigious Maharashtra Bhushan Award
2024.
Yatin Bhaskar Duggal Wins First Prize in National Youth Parliament Festival 2024
Yatin Bhaskar Duggal, a promising talent from Haryana, has emerged triumphant as the winner of the esteemed
National Youth Parliament Festival, 2024.
First Prize: Yatin Bhaskar Duggal (Haryana)
Second Prize: Vaishna Pitchai (Tamil Nadu)
Third Prize: Kanishka Sharma (Rajasthan)
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Miss World 2024, Krystyna Pyszkova from Czech Republic Wins the Crown
Source: India.com
Krystyna Pyszkova from the Czech Republic was crowned as the new Miss World 2024 at a grand event in Mumbai,
India. The previous Miss World 2022, Karolina Bielawska from Poland, crowned her successor in a magnificent
ceremony.
First Runner-Up: Yasmina Zaytoun of Lebanon
Miss World Asia and Oceania: Yasmin Azaytoun of Lebanon
Miss World Europe: Krystyna Pyszková of Czech Republic
Miss World America and Caribbean: Aché Abrahams of Trinidad and Tobago
Miss World Africa: Lesego Chombo of Botswana
The Miss World Humanitarian Award was given to Nita Ambani for her work at the Reliance Foundation, a non-
profit organization.
Delhi Airport Clinches ACI-ASQ’s Best Airport in Asia-Pacific Title for 6th Straight Year
Delhi Airport has once again asserted its dominance in the aviation sector by securing the prestigious title of ‘Best
Airport’ in the Asia-Pacific region for the sixth consecutive year.
The Airport Service Quality (ASQ) Best Airport award for 2023 was conferred upon Delhi Airport in the category of
over 40 Million Passengers Per Annum (MPPA) by the Airports Council International (ACI).
Chameli Devi Jain Award 2024 for Outstanding Woman Media Person
The prestigious Chameli Devi Jain Award 2024 for Outstanding Woman Media Person of the Year has been given
jointly to two remarkable journalists:
Greeshma Kuthar – Independent Journalist
Ritika Chopra – Indian Express
The Chameli Devi Jain Award for Outstanding Woman Media Person of the Year was set up by The Media Foundation
in 1980.
The first award was given in 1982, and since then, it has been presented annually.
Ratan Tata Awarded PV Narasimha Rao Memorial Award for Philanthropy Work
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Ratan Tata, former chairman of Tata Sons, has been bestowed with the prestigious PV Narasimha Rao Memorial
Award.
He received the award for his outstanding philanthropic contributions.
The award ceremony took place in Mumbai on March 15, 2024.
On February 9, 2024, the nation’s highest civilian honor, the Bharat Ratna, was posthumously conferred upon
former Prime Minister PV Narasimha Rao.
Indian Youth Uday Bhatia and Manasi Gupta Receive ‘Diana Memorial Award’
Uday Bhatia and Manasi Gupta from India were honored with the prestigious ‘Diana Memorial Award’ on 14 March
2024.
This award is given every two years in memory of Princess Diana.
Bina Agarwal and James Boyce awarded the first “Global Inequality Research Award”
Bina Agarwal and James Boyce have been awarded the first “Global Inequality Research Award” for their significant
contributions to understanding global inequalities, specifically in the areas of social and environmental inequalities.
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BOOK & AUTHOR
Odisha CM Naveen Patnaik releases book titled ‘FIH Odisha Hockey Men’s World Cup 2023’
Odisha Chief Minister Naveen Patnaik released the coffee table book titled ‘FIH Odisha Hockey Men’s World Cup
2023’.
The book, a publication by Sportstar, the esteemed sports magazine of The Hindu Group, encapsulates the essence
and excitement of the 15th FIH Odisha Hockey Men’s World Cup held in 2023.
FIH Hockey Men’s World Cup 2023 was a monumental event for Odisha, hosting the prestigious tournament at two
prime locations: Bhubaneswar and Rourkela.
A book titled “From A Car Shed To The Corner Room & Beyond” by S. Raman
S. Raman’s autobiography, “From A Car Shed To The Corner Room & Beyond,” offers a first-person account of his
remarkable journey from a clerk at SBI to becoming the Chairman and Managing Director of Canara Bank and a full-
time Member of SEBI.
The book explores the intricate dance between personal integrity, professional challenges, and systemic issues in the
financial world.
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IMPORTANT DAYs
World Wildlife Day 2024, Date, Theme, History and Significance
World Wildlife Day, celebrated annually on March 3, serves as a poignant reminder of the urgent need to protect and
preserve the world’s fauna and flora.
The inception of World Wildlife Day traces back to a proposal made by Thailand to the United Nations General
Assembly in 2013.
The theme for World Wildlife Day 2024, “Connecting People and Planet: Exploring Digital Innovation in Wildlife
Conservation,”
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Poshan Pakhwada 2024 from 9th to 23rd March
Source: News on AIR
The Ministry of Women and Child Development will organize Poshan Pakhwada nationwide from March 9 to March
23, 2024. This 15-day celebration aims to spread awareness about nutrition, dietary practices, and women’s health.
During the last Poshan Pakhwada in March-April 2023, over 4 crore sensitization activities were conducted. These
focused on promoting Shree Anna (fortified rice).
POSHAN Abhiyaan was launched in 2018.
Launch of Digital Exhibition “Subhash Abhinandan” on 134th Foundation Day of National Archives of India
Source: PIB
On the occasion of the 134th Foundation Day of the National Archives of India, Minister of State for Parliamentary
Affairs and Culture, Arjun Ram Meghwal, will inaugurate a digital exhibition titled “Subhash Abhinandan” in New
Delhi on March 11th.
Organized by the National Archives of India, the exhibition commemorates the life of Subhash Chandra Bose,
featuring 16 sections covering key aspects from his birth to the present day.
National Commission for Protection of Child Rights Celebrates 19th Foundation Day
On March 12, 2024, the National Commission for Protection of Child Rights (NCPCR) celebrated its 19th Foundation
Day at the Jacaranda Hall, Indian Habitat Centre, New Delhi.
About National Commission for Protection of Child Rights:
Founded: 2007;
Headquarters: New Delhi, India;
Chairman: Priyank Kanoongo.
NIELIT & ITI Egypt Sign MoU to Improve Skills, Jobs, & Global Collaboration
On the 12th of March, 2024, an MoU was signed between the National Institute of Electronics and Information
Technology (NIELIT) of India and the Information Technology Institute (ITI) of Egypt.
This significant event took place in Cairo, Egypt.
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Every year on March 22, we celebrate World Water Day to recognize the importance of freshwater.
This year, the occasion holds extra significance amid the ongoing Bengaluru water crisis.
The idea of World Water Day was first proposed in 1992 at the United Nations Conference on Environment and
Development in Rio de Janeiro. Later that year, the United Nations General Assembly declared March 22 as World
Water Day.
The theme for World Water Day 2024 is ‘Water for Peace’.
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OBITUARIES
Brian Mulroney, Former Canadian Prime Minister, Passes Away at 84
Brian Mulroney, the former Canadian Prime Minister known for his transformative policies and complex legacy, has
died at the age of 84.
Veteran Congress Leader and Former UP Governor Aziz Qureshi Passes Away
Aziz Qureshi, a seasoned Congress leader and former Governor of Uttar Pradesh, who passed away at the age of 83.
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RANKS & REPORTS
Happiest Country in the World 2024
Source: Deccan Herald
The World Happiness Report, produced by the United Nations, assesses global happiness levels using data primarily
gathered from the Gallup World Poll.
In 2024, Finland retains its title as the world’s happiest country with a score of 7.804.
India ranks 126th out of 146 countries in the World Happiness Report, with a score of 4.036.
Surpassing India in happiness are neighboring countries such as Nepal, Bangladesh, and China.
India’s Human Development Index ranking 134 out of 193 countries: A Detailed Analysis
India’s position in the United Nations Human Development Index (HDI) for 2022 improved slightly, ranking 134 out
of 193 countries with an HDI value of 0.644.
India has shown progress in reducing gender inequality, ranking 108 out of 166 countries in the Gender Inequality
Index (GII) 2022.
V-Dem Institute’s Democracy Report 2024: India’s Decline into Electoral Autocracy
The V-Dem Institute’s Democracy Report 2024 highlights India’s continued descent into electoral autocracy since its
downgrade in 2018.
V-Dem Established in 2014 by Staffan Lindberg, a Swedish political scientist.
Hurun Research Institute Report: Mumbai Surpasses Beijing as Asia’s Billionaire Capital
Mumbai has overtaken Beijing as Asia’s billionaire capital, according to the latest report from the Shanghai-based
Hurun Research Institute.
Mumbai boasts 92 billionaires, securing its position as Asia’s third billionaire capital, trailing behind New York (119)
and London (97).
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SPORTS
Pro Kabaddi League Season 10, Puneri Paltan Clinches Maiden Title
The 10th edition of the Pro Kabaddi League (PKL) concluded with Puneri Paltan emerging as champions for the first
time, after a closely contested final against Haryana Steelers.
Yashasvi Jaiswal, Sutherland Named ICC Players of the Month for February 2024
Yashasvi Jaiswal, the young Indian opener, has been named the ICC Men’s Player of the Month for February 2024.
Annabel Sutherland of Australia claimed the ICC Women’s Player of the Month award for February 2024.
Arjuna Awardee Sheetal Devi Named ECI’s National PwD Icon at Inclusive Cricket Match
The Election Commission of India (ECI) and the Board of Control for Cricket in India (BCCI) organized an exhibition
cricket match to promote voter education and inclusivity.
Ms. Sheetal Devi, a renowned Para-archer and Arjuna Awardee, was announced as the National Icon in the PwD
category.
The event was graced by the presence of Chief Election Commissioner Shri Rajiv Kumar and Election Commissioners
Shri Gyanesh Kumar and Shri Sukhbir Singh Sandhu.
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SUMMITS AND MOUS
NTPC Green Energy Ltd Partners with MAHAGENCO to Develop Renewable Energy Parks in Maharashtra
NTPC Green Energy Limited (NGEL) partners with Maharashtra State Power Generation Company Limited
(MAHAGENCO) to develop Renewable Energy Parks in Maharashtra.
MoSPI Signs MoU with ISRO on Urban Frame Survey using Bhuvan
National Sample Survey Office (NSSO) under the Ministry of Statistics and Programme Implementation (MoSPI) has
partnered with the National Remote Sensing Centre (NRSC) under the Indian Space Research Organization (ISRO) to
digitize the Urban Frame Survey (UFS) using advanced Geo ICT tools and techniques through the Bhuvan Platform.
REC Limited Partners With UNISED to Support Education of Children in Siddharthnagar, Uttar Pradesh
REC Limited, a prominent Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading
Non-Banking Finance Company, has recently joined hands with the Unit of Science and Educational Development
(UNISED) to bolster educational initiatives in Siddharthnagar district, Uttar Pradesh.
Formalization of collaboration through MoA between REC Foundation and UNISED occurred in a ceremony in New
Delhi.
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Karnataka state government, in a strategic alliance with the World Economic Forum (WEF), has announced the
establishment of a cutting-edge AI centre in the state.
Google Collaborates with ECI for Voter Information and Combats Misinformation Ahead of Elections
Google has partnered with the Election Commission of India (ECI) to provide authoritative information on voting
processes for the upcoming general elections.
About Google:
Founders: Larry Page, Sergey Brin;
Parent organization: Alphabet Inc.;
CEO: Sundar Pichai (2 Oct 2015–);
Founded: 4 September 1998, Menlo Park, California, United States.
Max India’s subsidiary partners with IIT Delhi for senior citizen care
Max India Ltd announced a strategic partnership between its subsidiary, Antara Assisted Care Services Limited, and
the Indian Institute of Technology Delhi (IIT Delhi).
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Central Theme: ‘Bharat Innovates’
SANY India signs MoU with J&K Bank to give finance solution to their customers
SANY India, a top construction equipment manufacturer, has forged a strategic partnership with J&K Bank to fuel
growth and development opportunities in the region.
YES Bank Partners with Indian Olympic Association for Paris Olympics
YES Bank has forged a strategic partnership with the Indian Olympic Association (IOA) to become the Official
Banking Partner for Team India at the Paris Olympics 2024.
YES Bank introduces the ‘Milkar Jitayengey’ campaign.
Ambani and Adani Join Forces: Reliance Buys Stake in Adani’s Power Project
In a remarkable move, two of India’s richest businessmen, Mukesh Ambani and Gautam Adani, have joined forces for
the first time.
Reliance Industries, owned by Ambani, has acquired a 26% stake in a power project owned by Adani’s company in
Madhya Pradesh.
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Prof. Manoj K Tiwari, Director of IIM Mumbai, and Mr. Francois Chopard of Starburst solidified the partnership
through a signing ceremony at IIM Mumbai on March 26, 2024.
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BANKING & ECONOMY
Amit Shah Launches National Urban Cooperative Finance and Development Corporation Limited (NUCFDC)
Home Minister Amit Shah inaugurated the National Urban Cooperative Finance and Development Corporation
Limited (NUCFDC) in New Delhi.
Policybazaar Insurance Brokers, PB Fintech’s subsidiary, Receives IRDAI Approval for Composite Insurance
Broker License
PB Fintech’s subsidiary, Policybazaar Insurance Brokers, has secured approval from the Insurance Regulatory and
Development Authority of India (IRDAI) to transition from a direct insurance broker to a composite insurance
broker.
PB Fintech records first-ever net profit of Rs 37.2 crore in Q4, compared to a net loss of Rs 87 crore in Q3FY23.
Revenue from operations surges 43% YoY to Rs 871 crore for the December quarter.
Goa Airline Fly91 Receives Air Operator Certificate (AOC) From DGCA
Fly91, a regional airline headquartered in Goa, has reached a significant milestone in its journey with the issuance of
its Air Operator Certificate (AOC) by the Directorate General of Civil Aviation (DGCA) under the Ministry of Civil
Aviation.
Government Approves Dearness Allowance Hike and Other Benefits for Employees and Pensioners
The Union Cabinet has sanctioned a 4% increase in Dearness Allowance (DA) and Dearness Relief (DR) for central
government employees and pensioners, effective from January 1.
RBI and Bank Indonesia Sign MoU to Promote Local Currency Use
The Reserve Bank of India (RBI) and Bank Indonesia (BI) have inked a Memorandum of Understanding (MoU) aimed
at bolstering the utilization of local currencies – the Indian Rupee (INR) and the Indonesian Rupiah (IDR) – for cross-
border transactions.
MoU, signed in Mumbai by RBI Governor Shaktikanta Das and Bank Indonesia Governor Perry Warjiyo.
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Majuli Mask Making and Manuscript Painting Receive GI Tags
Source: The Indian Express
Majuli, the largest river island in the world, has received two prestigious Geographical Indication (GI) tags from the
Indian government for its traditional crafts – Majuli mask making and Majuli manuscript painting.
Masks have been made in Majuli since the 16th century
Sudha Murty is known for her novel – ‘Dollar Bahu’.
Murty is married to the co-founder of Infosys, Narayan Murty.
RBI Directs Federal Bank and South Indian Bank to Stop Issuing New Co-Branded Credit Cards
The Reserve Bank of India (RBI) has issued notices to Federal Bank and South Indian Bank, directing them to halt
the issuance of new co-branded credit cards. The two banks informed the stock exchanges about this development.
According to market sources, the common link between the two banks is likely to be OneCard, a co-branded metal
card issuer.
PM Modi Lays Foundation Stone of three Semiconductor Facilities worth 1.25 Lakh Crore
Prime Minister Narendra Modi inaugurated three semiconductor projects virtually, with a combined investment of
approximately Rs 1.25 Lakh Crore.
The three facilities include a semiconductor fabrication unit in Dholera, Gujarat, an Outsourced Semiconductor
Assembly and Test (OSAT) facility in Morigaon, Assam, and another OSAT facility in Sanand, Gujarat.
Tata Sons Announces Sale of 0.6% Stake in TCS for over ₹9,300 Crore
Tata Sons, aiming to alleviate its debt, plans to sell 0.65% equity in Tata Consultancy Services (TCS) for ₹9,362.3
crore. This move precedes a potential IPO, with related stocks rallying.
About TCS:
Founders: Faquir Chand Kohli, J. R. D. Tata
CEO: K. Krithivasan (1 Jun 2023–)
Headquarters: Mumbai
Founded: 1 April 1968
Axis Bank commits ₹100 crore to Enhance Cancer Care through National Cancer Grid
In an effort to advance cancer care in India, Axis Bank has pledged a significant contribution of ₹100 crore to the
National Cancer Grid (NCG), in collaboration with Tata Memorial Centre.
About Axis Bank:
CEO: Amitabh Chaudhry (1 Jan 2019)
Founded: 1993, Ahmedabad
Headquarters: Mumbai
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Mineral Production in the Country Grows by 5.9% during January 2024
In January 2024, the index of mineral production in the mining and quarrying sector stood at 144.1, indicating a
5.9% increase compared to January 2023.
All-India Consumer Price Index Numbers for Agricultural and Rural Labourers – February, 2024
In February 2024, the All-India Consumer Price Index (CPI) for Agricultural Laborers and Rural Laborers remained
stable, with figures of 1258 and 1269, respectively, based on the 1986-87=100 index.
The CPI-AL and RL for March 2024 will be disclosed on April 19, 2024.
Federal Bank Launches ‘Flash Pay’ in Partnership with NPCI for Contactless Payments
National Payments Corporation of India (NPCI), Federal Bank introduces ‘Flash Pay,‘ a revolutionary RuPay smart
key chain facilitating contactless NCMC (National Common Mobility Card) payments.
Modi Government Allocates Rs 6212.03 Crore for Strengthening Regional Rural Banks
The Modi government has allocated Rs 6212.03 crore to Regional Rural Banks (RRBs) as part of the recapitalization
scheme on March 6. RRBs, established in 1975 and owned by the Indian government.
S&P Global Ratings Forecasts 75 Basis Points Repo Rate Cut in India in 2024-25
S&P Global Ratings anticipates a repo rate reduction of up to 75 basis points by the Reserve Bank of India (RBI)
during the fiscal year 2024-25.
The agency also foresees similar rate adjustments in Indonesia, New Zealand, and the Philippines.
RBI Grants Payment Aggregator Licences to Innoviti Payments and Concerto Software
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Innoviti Payments and Concerto Software have received payment aggregator (PA) licences from the Reserve Bank of
India (RBI).
Innoviti operates the PA ‘Innoviti Link’, serving 2,500 online merchants, while Concerto Software’s gateway ‘Vegaah’
joins the league of authorized PA solutions.
IRDAI Identifies LIC, GIC Re, and New India Assurance as D-SIIs
The Insurance Regulatory and Development Authority of India (IRDAI) has designated three insurers as Domestic
Systemically Important Insurers (D-SIIs) for the year 2023-24.
These insurers, namely Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re),
and New India Assurance Co Ltd.
NTPC Secures USD 200 Million Loan from JBIC for Renewable Projects
State-owned power giant NTPC has finalized an agreement with the Japan Bank for International Cooperation (JBIC)
to obtain foreign currency loans totaling USD 200 million (JPY 30 billion or approximately Rs 1,650 crore).
Competition Commission of India (CCI) Approves Acquisition of Lanco Amarkantak Power Limited by Adani
Power Limited
On March 26, 2024, the Competition Commission of India (CCI) granted approval to Adani Power Limited, a
subsidiary of the Adani Group, for the complete acquisition of Lanco Amarkantak Power Limited.
This acquisition involves the transfer of 100% equity share capital of Lanco Amarkantak Power Limited to Adani
Power Limited.
Statutory body responsible for enforcing the Competition Act, 2002, constituted in March 2009.
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India’s foreign exchange reserves have soared to a new peak, reaching $642.631 billion in the week ending March
22, marking the fifth consecutive week of increase, according to the latest data from the Reserve Bank of India (RBI).
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