Daily Current Affairs updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily Current Affairs Update is the complete bag of the important news that is held all day long.
Top 18 Daily Current Affairs Updates: National & International News
Here is providing below the top 15 important Current Affairs updates with national & international news.
National News
1. Prime Minister Narendra Modi unveils the statue of Chhatrapati Shivaji Maharaj
- Prime Minister Narendra Modi has unveiled a tall statue of great Maratha warrior Chhatrapati Shivaji Maharaj in Pune, Maharashtra. The Statue is made up of 1,850 kg of gunmetal and is about 9.5-feet tall.
- He also launched a 12-km stretch of 32.2-km-long metro rail project at a total cost of more than ₹ 11,400 crores in Pune. Pune Metro is the first project in India to have aluminium body coaches, indigenously manufactured under the ‘Make in India’.
2. 2000 km network to be brought by Indian Railways under ‘KAVACH’ in 2022-23
- The trial of the ‘Kavach’ functioning system between Gullaguda and Chitgidda Railway stations was examined by Shri Ashwini Vaishnaw, Union Minister of Railways, Communication, Electronics and Information Technology.
- 2,000 km of railway network will be brought under Kavach for safety and capacity augmentation in 2022-23, as a part of Prime minister’s Atmanirbhar Bharat.
- During the testing, both locomotives were travelling towards each other, creating a head-on collision situation.
- When the locomotive was ran on the loop line, the speed restriction of 30 km/h was checked. As the locomotive approached the loop line, ‘Kavach’ automatically decreased the speed to 30 km/h from 60 km/h.
International News
3. Hybrid form United Nations Environment Assembly held in in Nairobi, Kenya
- The United Nations Environment Assembly was hosted by the UN Environment Programme. It brings together representatives from the UN’s 193 member countries, corporations, civil society, and other stakeholders to agree on policies to address the world’s most serious environmental concerns.
- The aim of UNEA-5 was “Strengthening Actions for Nature to Achieve the Sustainable Development Goals,” emphasising the importance of nature in our lives as well as in social, economic, and environmental sustainability.
4. Pakistan again placed on FATF’s grey list
- The global money laundering and terrorist financing watchdog, Financial Action Task Force (FATF), retained Pakistan in the grey list and asked the country to work on money laundering investigations and prosecutions. FATF also added the United Arab Emirates (UAE) to its grey watchlist.
- The decision has been taken after the conclusion of the four-day FATF Plenary from March 1-4, 2022. The event took place in hybrid mode from Paris, France. Pakistan has been on the grey list of FATF since June 2018 for failing to check money laundering and terror financing. It was given a plan of action to complete it by October 2019 but it fails to comply with the FATF mandates.
Appointments News
5. DN Patel named as Chairperson of TDSAT
- The Central Government has appointed Justice Dhirubhai Naranbhai Patel, Chief Justice of Delhi High Court, as the Chairperson of Telecom Disputes Settlement and Appellate Tribunal(TDSAT). He was appointed as Chief Justice of Delhi High Court on June 7, 2019, and is now given the Chair of TDSAT, days before his retirement on March 12, 2022.
- Ministry of Law and Justice issued a notification regarding the approval of his appointment by the Appointments Committee of the Cabinet (ACC), stating that he will serve the Chair for a period of 4 years from the date of assumption of charge of the post, or till attaining the age of 70 years, or until further orders, whichever is the earliest.
6. T Raja Kumar named President of the Financial Action Task Force
- T Raja Kumar, a Singaporean, has been named president of the Financial Action Task Force (FATF), the world’s anti-money laundering and anti-terrorism financing agency. His appointment is for a set two-year term, which begins on July 1. During the FATF plenary, he was chosen to succeed Dr Marcus Pleyer of Germany.
- Mr Raja’s nomination marks the first time Singapore has assumed the president of the organisation, according to a joint news release issued by the Ministry of Home Affairs (MHA), the Ministry of Finance (MOF), and the Monetary Authority of Singapore (MAS) on March 7.
Banking News
7. Axis Bank and Airtel tie-up to boost India’s digital ecosystem
- Axis Bank and Bharti Airtel have entered into a strategic partnership to strengthen the growth of the digital ecosystem in India, through a range of financial solutions. The partnership would enable access to credit and various digital financial offerings from Axis Bank to Airtel’s 340 million-plus customers.
- These will include first-of-its-kind co-branded credit card ‘Airtel Axis Bank Credit Card’ with industry-leading benefits, pre-approved instant loans, Buy Now Pay Later offerings and many more.
8. BBB develops programme For bettering the quality of PSU bank boards
- The Banks Board Bureau (BBB) has launched a development programme for public sector bank management with the goal of boosting the quality of bank boards. The nine-month Directors’ Development Programme (DDP) is made for directors of Public Sector Banks and financial institutions with the main objective of improving director effectiveness and increasing their impact on boards, according to the Banks Board Bureau.
- This programme is aimed to help the directors think about the business’s future and upgrade themselves to be a source of wisdom and counsel for management and stakeholders in order to improve PSB’s performance levels in the world scenario.
Schemes and Conferences News
9. MSME Ministry launches “SAMARTH” Special Entrepreneurship Promotion Drive for Women
- Ministry of Micro, Small & Medium Enterprises has launched a Special Entrepreneurship Promotion Drive for Women named –“SAMARTH”. The drive was launched by Union Minister for MSME, Shri Narayan Rane along with Minister of State for MSME, Shri Bhanu Pratap Singh Verma in New Delhi.
- To provide Skill Development and Market Development Assistance to women and to train more than 7500 women candidates from rural and sub-urban areas in the FY 2022-23.
10. Ministry of Labour launches ‘Donate-a-Pension’ initiative
- Union Labour and Employment Minister, Bhupender Yadav has launched the ‘Donate-a-Pension’ campaign under Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) scheme, on March 07, 2022, from his residence and donated the same to his gardener.
- Under the new initiative, citizens can contribute to the pension fund of their immediate support staff such as domestic workers, drivers, helpers etc, by donating the premium amount.
Business News
11. Paytm to offer digital ticketing services by partnering with IRCTC
- Paytm, a digital payments company, announced that it has expanded its partnership with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide consumers with digital ticketing services via Automatic Ticket Vending Machines (ATVM) installed at railway stations across the country.
- Paytm’s latest ATVM digital payment solution is in addition to the company’s other railway-related offerings, which include e-catering payments and reserved train ticket booking via its smartphone. The new function is part of the company’s nationwide campaign to promote cashless transactions and digital payments.
12. RIL opens India’s biggest business and cultural hub in Mumbai
- Reliance Industries Ltd (RIL) has announced the opening of the Jio World Centre, which will be India’s largest and most prestigious multi-faceted destination.
- The world-class Fountain of Joy and the Dhirubhai Ambani Square are dedicated to the people and city of Mumbai. It will be an iconic new public space, a celebration of the city’s spirit, where people can share joys and soak up the colours and sounds of Mumbai.
Defence News
13. 9th India-Sri Lanka Bilateral Maritime Exercise SLINEX begins
- The 9th edition of India – Sri Lanka Bilateral Maritime Exercise named SLINEX (Sri Lanka–India Naval Exercise) is held at Visakhapatnam from 07 Mar to 10 Mar 2022. The aim of the exercise is to enhance interoperability and improve mutual understanding between the navies of the two neighbouring countries in the strategically significant Indian Ocean Region.
- Indian Navy is being represented by INS Kirch, a guided missile corvette while Sri Lanka Navy will be represented by SLNS Sayurala, an advanced offshore patrol vessel. Sri Lanka Navy is being represented by SLNS Sayurala, an advanced offshore patrol vessel and the Indian Navy by INS Kirch, a guided missile corvette.
Science and Technology News
14. Microsoft will set up India’s largest Data Center region in Hyderabad
- Tech giant, Microsoft has announced to set up its fourth data centre in India in Hyderabad, Telangana. Hyderabad Data centre will be one of the largest data centres in India and will be operational by 2025.
- Microsoft already has a data centre in three Indian regions across Pune, Mumbai, and Chennai. The new data centre will add to the growing demand for Microsoft’s cloud services from both the private enterprises as well as the government sector.
- In terms of Microsoft’s own expansion plans’s the company stated that they are expanding their Hyderabad campus and the total campus is now spread over a 2.5 mn Sq.ft area with 18,000 full-time employees.
Awards News
15. NMDC receives 1st prize in Ispat Rajbhasha Award for 2018-19 and 2020-21
- National Mineral Development Corporation Ltd Country’s largest Iron Ore producer, a CPSE under Ministry of Steel received 1st prize in the Ispat Rajbhasha Award for 2018-19 and 2020-21 and company also received the Ispat Rajbhasha Prerna Award for 2019-20.
- The award ceremony was held in the meeting of the Hindi Salahakar Committee of the Ministry of Steel held in Madurai on 3rd March 2022. The Union Minister of Steel, Shri Ram Chandra Prasad Singh, presented the accolades to Shri Sumit Deb, Chairman and Managing Director, NMDC.
Summits and Conferences News
16. India Global Forum annual summit held in Bengaluru
- India Global Forum’s (IGF) annual summit is being organized in Bengaluru, Karnataka. The summit will bring together eminent faces of tech-driven disruption and those who have joined the unicorn club along with Union ministers, policymakers, and global business leaders.
- The previous editions were hosted in Dubai and the UK and addressed by esteemed speakers like Prime Minister Narendra Modi, the PM of the UK Boris Johnson amongst other leaders from Governments and industry across the globe.
Sports News
17. Priyanka Nutakki becomes the 23rd Woman Grandmaster of India
- 19-year-old Priyanka Nutakki has secured her final WGM-norm at MPL’s forty-seventh National Women Chess Championship. She became India’s twenty-third Woman Grandmaster.
- She is from Vijayawada, Andhra Pradesh. Priyanka Nutakki scored her first WGM-norm in January 2019 and crossed the 2300 rating criteria in the next two months. However, much like a lot of players, the Covid-19 pandemic delayed her title hopes.
Important Days
18. International Women’s Day 2022 Celebrates on 8th March
- International Women’s Day (IWD) is celebrated globally on March 8 every year. The day recognises the social, economic, cultural and political achievements of women.
- The event celebrates women’s achievements and raises awareness about women’s equality and lobbies for accelerated gender parity. The theme of 2022 International Women’s Day is “gender equality today for a sustainable tomorrow”.
