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Andhra Pradesh (AP) Finance Minister Bugna Rajendranath presented the annual budget for the financial year 2023-2024 (FY24) with a financial outlay of Rs2,79,279 crore in the state assembly in Amaravati, AP. He presented the annual budget for the 5th consecutive time. The budget for FY23 was Rs2.56 lakh crore. Rs54,228 crore has been allocated for Direct Benefit Schemes (DBT), which is an increase of 11% over the previous year’s Rs48,668 crore. A total of 22 schemes come under the DBT category and most of them have seen an increase in their budget allocation. Rs15,882 crore has been earmarked for Health and Family Welfare, Price Stabilization Fund (Rs3,000 crore), Manabadi Nadu-Nedu (Rs3,500 crore) and Panchayati Raj and Rural Development (Rs15,873 crore). Rs9,381 crore has been allocated for Scheduled Castes component (Rs20,005 crore), Scheduled Tribe component (Rs6,929 crore), Backward Classes component (Rs38,605 crore), Municipal Administration and Urban Development. Under welfare of communities, Rs4,887 crore is for Kapu welfare and minority welfare (Rs4,203 crore). Housing for the poor was allocated Rs5,600 crore, roads and buildings department (Rs9,118 crore), irrigation (Rs11,908 crore), energy (Rs6,456 crore), village and ward secretariats (Rs3,858 crore) and others. Other major allocations include Amma Vadi (Rs6,500 crore); Man Badi Nadu Nedu (Rs3,500 crore); YSR Insurance (Rs372 crore). There is a budget of Rs3,606 crore for industries and commerce.
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The Indian armed forces are all set to introduce an indigenously developed ‘Vayulink’ system on the country’s north-eastern borders to identify friendly forces in war zones.
The Indian armed forces are all set to introduce an indigenously developed ‘Vayulink’ system on the country’s north-eastern borders to identify friendly forces in war zones. The Vayulink system was developed by Wing Commander Vishal Mishra, an Indian Air Force (IAF) helicopter pilot. It would help increase transparency in the war zone by identifying friendly forces through secure jammer-proof communication, which would provide accurate weather information to pilots before take-off.
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Bank of Baroda has partnered with the Tamil Nadu government to offer co-branded RuPay Platinum Debit Card to the beneficiaries of the state government's 'Pudhumai Penn' scheme.
Bank of Baroda has partnered with the Tamil Nadu government to offer co-branded RuPay Platinum Debit Card to the beneficiaries of the state government's 'Pudhumai Penn' scheme. Accordingly, the card offers personal accident insurance coverage upto Rs2 lakh per annum and the joining and annual fees for the first year has been waived. The 'Pudhumai Penn' scheme of the government aims to enhance the enrolment ratio of girls from government schools to higher educational institutions. Through this scheme, financial assistance of Rs1,000 per month would be provided to ever girl till the completion of their degree course.
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Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) for capital acquisition amounting to over Rs70,500 crore under Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)}.
Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) for capital acquisition amounting to over Rs70,500 crore under Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)}. Out of the total proposals, Indian Navy proposals constitute more than Rs56,000 crore, which largely includes indigenous BrahMos missiles, Shakti Electronic Warfare (EW) systems, Utility Helicopters-Maritime etc. This additional procurement of BrahMos missile system will enhance the maritime strike capabilities & Anti-Surface Warfare Operation. Similarly, Shakti EW systems will equip and modernise the frontline Naval ships to counter any Naval Operations by the adversaries.
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Ministry of Rural Development (MoRD) has signed a Memorandum of Understanding with Ministry of Ayush for skilling of rural youth and empowering women.
Ministry of Ayush and the Ministry of Rural Development (MoRD) signed a Memorandum of Understanding to collaborate in developing skilled personnel by imparting training to rural poor youth and women’s for the Ayush healthcare system under Deen Dayal Upadhyaya-Grameen Kaushalya Yojana (DDU-GKY). It is a historic step to make Lakhpati Didis, women with annual earnings of Rs1 lakh and more, from the Self-Help Groups. Apart from this a course for training rural youth as panchakarma technicians/assistants will be started on a pilot basis. The MoU valid for three years. The training program undertaken under this MoU shall be funded as per Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) cost norms. Both sides also agreed to set up a Joint Working Group, through which other activities of mutual interest may be identified and jointly worked upon by the Ministry of Rural Development & Ministry of Ayush.
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The Gujarat government has proposed a second home for Asiatic lions in Gujarat at Barda Wildlife Sanctuary, about 100 km away their present home at Gir National Park.
The Gujarat government has proposed a second home for Asiatic lions in Gujarat at Barda Wildlife Sanctuary, about 100 km away their present home at Gir National Park. The Gujarat government has planned to translocate 40 adult and sub-adult lions to the Barda Wildlife Sanctuary in the state, according to a new report by Wildlife Institute of India (WII) under the Union Ministry of Environment Forest and Climate Change. Barda sanctuary, about 100 kilometres away from Gir National Park, has been identified as a potential site to accommodate the Asiatic Lions. As per the last count in 2020, there are 674 lions in the state and Gir has long been overflowing with the big cats.
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The Indian Navy’s P8I aircraft is participating in exercise 'Sea Dragon 23', the third edition of the coordinated multilateral anti-submarine warfare (ASW) exercise for long-range maritime reconnaissance aircraft, conducted by the US Navy.
The Indian Navy’s P8I aircraft is participating in exercise 'Sea Dragon 23', the third edition of the coordinated multilateral anti-submarine warfare (ASW) exercise for long-range maritime reconnaissance aircraft, conducted by the US Navy. The exercise scheduled from 15-30 March 2023 would stress on coordinated anti-submarine warfare among the participating countries. The exercise would witness representation by an Indian Navy P8I, along with P8A of the US Navy, P1 from the Japanese Maritime Self Defence Force, CP 140 from the Royal Canadian Air Force and P3C from the RoKN. The Exercise aims to achieve high levels of synergy and coordination between the friendly navies, which is based on their shared values and commitment to an open, inclusive Indo-Pacific.
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OmniCard in association with NPCI, Goes live with UPI as a Prepaid Issuer.
OmniCard in association with NPCI, Goes live with UPI as a Prepaid Issuer. OmniCard has launched UPI services without the need to link a Bank Account for its users. OmniCard ensures highest safety features for its users by offering a bank-independent UPI facility with its own UPI handle @OMNI. Users can now pay to any UPI QR code or any UPI ID using their OmniCard wallet balance without exposing their bank accounts. @OMNI UPI amplifies safety by ensuring a layer that limits the risk of amount a user adds to their OmniCard wallet rather than exposing life savings stored in the bank accounts. OmniCard is an RBI-licensed PPI offering India’s 1st Omnichannel spending platform with UPI services for individuals as well as businesses. This development comes after RBI approved & NPCI enabled PPIs to provide UPI services that’ll make UPI more inclusive & convenient. OmniCard has also launched its services for enterprises to enable their end-to-end business spending.
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Securities and Exchange Board of India (SEBI) provided relaxation of 60 days to large Registrars to an issue/ Share Transfer Agents (RTAs) from complying with the enhanced requirements pertaining to periodic reporting.
Securities and Exchange Board of India (SEBI) provided relaxation of 60 days to large Registrars to an issue/ Share Transfer Agents (RTAs) from complying with the enhanced requirements pertaining to periodic reporting. Under the rules, QRTAs or qualified RTAs are required to comply with enhanced responsibilities through adoption and implementation of an internal policy framework and periodic reporting requirements. SEBI clarified that an RTA would be categorised as QRTA if at any time during a financial year, the combined number of physical and demat folios being serviced by the RTA for listed companies exceeds 2 crore. In case of the categorisation as a QRTA, an intimation needs to be sent by the RTA within 5 working days to SEBI. The new circular would come into force with immediate effect.
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India’s gross domestic product (GDP) growth is likely to touch 6% in fiscal 2024, compared with 7% estimated by the National Statistical Organisation (NSO) for fiscal 2023.
India’s gross domestic product (GDP) growth is likely to touch 6% in fiscal 2024, compared with 7% estimated by the National Statistical Organisation (NSO) for fiscal 2023. The agency also sees the economy averaging a growth rate of 6.8% over the next five fiscals. Consumer inflation is expected to moderate to 5.0% on average in fiscal 2024 from 6.8% in fiscal 2023, owing to high-base effect and some softening of crude and commodity prices.
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Tata Consultancy Services's CEO and managing director Rajesh Gopinathan has resigned and K Krithivasan will be the new CEO designate at the firm.
Tata Consultancy Services's CEO and managing director Rajesh Gopinathan has resigned and K Krithivasan will be the new CEO designate at the firm. Krithivasan is currently president and global head of the Banking, Financial Services, and Insurance (BFSI) Business Group at TCS. Gopinathan, who completed six years as CEO of the Indian IT behemoth in January, was reappointed as CEO till 2027 last year. Gopinathan will continue with the company till September 15, 2023 to provide transition and support to his successor.
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Hello Ujjivan app has won the 13th Annual Aegis Graham Bell Awards (AGBA) in the "Innovation in Consumer Tech" category.
Hello Ujjivan app has won the 13th Annual Aegis Graham Bell Awards (AGBA) in the "Innovation in Consumer Tech" category. The 13th edition of the prize is an initiative of Aegis School of Data Science, backed by the Ministry of Electronics and Information Technology, NITI Aayog and Skill India. Hello Ujjivan, is the first mobile banking app in India that enables speech, visual, and vernacular features to give bank’s MicroBanking and Rural customers access to banking financial services who have limited reading and writing abilities. The app has intuitive AI and machine learning capabilities, to enable customers transact conveniently and safely in the language of their choice.
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World Sleep Day 2023 was celebrated on 17th March around the theme 'Sleep is Essential for Health'.
World Sleep Day is annually observed on the Friday before the Spring Vernal Equinox. And this year World Sleep Day was celebrated on 17th March 2023 around the theme 'Sleep is Essential for Health'. World Sleep Society Healthcare professionals and members first organized the international event in 2008. The main aim of World Sleep Day observation is to prevent and manage sleep disorders by creating awareness.
World Sleep Day 2023 was celebrated on 17th March around the theme 'Sleep is Essential for Health'.
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Gianni Infantino was re-elected as FIFA president for the 3rd time at the 73rd Congress in Kigali.
Gianni Infantino was re-elected as FIFA president for the 3rd time at the 73rd Congress in Kigali. He has been re-elected as president of FIFA for a 4 year term from 2023 to 2027. He was first elected to the office during the 2016 FIFA Extraordinary Congress in February 2016, was re-elected in June 2019 and in March 2023. In January 2020, he was also elected a member of the International Olympic Committee.
He has been re-elected as president of FIFA for a 4 year term from 2023 to 2027.
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The Assam finance minister Ajanta Neog presented a deficit budget of Rs935.23 crore for the financial year 2023-24, with the aim of increasing self-employment avenues for youths in the state.
The Assam finance minister Ajanta Neog presented a deficit budget of Rs935.23 crore for the financial year 2023-24, with the aim of increasing self-employment avenues for youths in the state. In the current budget, an amount of Rs5000 crore has been earmarked to provide financial help to 200,000 unemployed youths to set up industries and become job creators. The aggregate receipts for 2022-23 were Rs321,742 crore, while the aggregate expenditure is estimated at Rs321,081 crore– resulting in a surplus of nearly Rs661 crore for the financial year 2023-24. This, together with the opening deficit of Rs1596 crore, will lead to a budget deficit of Rs935 crore at the end of the year 2023-24. The government’s annual expenditure has increased from Rs1.06 lakh crore in 2021-22 and is expected to reach Rs1.22 lakh crore in 2022-23. In 2023-24, the total expenditure is aimed at reaching a record Rs1.39 lakh crore with Rs28,418 crore towards capital expenditure.
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The Uttarakhand Finance Minister Prem Chand Aggarwal presented a Budget of 77,407.08 crore rupees for 2023-24.
The Uttarakhand Finance Minister Prem Chand Aggarwal presented a Budget of 77,407.08 crore rupees for 2023-24. In the budget, 10459.55 crore rupees are allocated for education and youth welfare which is the largest allocation followed by the Health Department which has received an allocation of 4,217.87 crore rupees. The Budget has a revenue surplus of 4,309.55 crore rupees. There is an increase of 18.05 percent in this year's total budget expenditure and a rise of 21.16 percent in capital expenditure as compared to last financial year. Uttarakhand is the first state in the country where every family enjoys the facility of cashless or free treatment under Atal Ayushman Yojana for which an allocation of 400 crore rupees has been made in the budget.
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Basic Animal Husbandry Statistics 2022: India's milk production rose 5.29 percent in 2021-22 to 221.06 million tonnes.
Minister of Fisheries, Animal Husbandry & Dairying Parshottam Rupala unveiled an annual publication 'Basic Animal Husbandry Statistics 2022'. India's milk production rose 5.29 percent in 2021-22 to 221.06 million tonnes. Total milk production in the country during 2021-22 is 221.06 million tonnes. In 2021-22, the milk production has registered an annual growth rate of 5.29 percent. Top five major milk-producing states are Rajasthan (15.05%), Uttar Pradesh (14.93%), Madhya Pradesh (8.06%), Gujarat (7.56%) and Andhra Pradesh (6.97%). As per the data, in 2021-22, the total egg production in the country stood at 129.60 billion nos, up 6.19 percent as compared to previous year. Total five major egg-producing states are Andhra Pradesh (20.41%), Tamil Nadu (16.08%), Telangana (12.86%), West Bengal (8.84%) and Karnataka (6.38%). The total meat production in the country is 9.29 million tonnes for the year 2021-22 with an annual growth rate of 5.62 percent. The total five major meat producing States are Maharashtra (12.25%), Uttar Pradesh (12.14%), West Bengal (11.63%), Andhra Pradesh (11.04%), and Telangana (10.82%). The per-capita availability of milk is 444 gram/day during 2021-22. In 2021-22, the per-capita availability of egg is 95 nos per annum.
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Yaosang festival 2023 is being celebrated from 7th March to 11th March 2023 in Manipur.
Yaosang is a festival celebrated in Manipur for five days in spring, starting on the full moon day of the month of Lamda (February–March). Yaosang festival 2023 is being celebrated from 7th March to 11th March 2023. The festival is generally celebrated at the same time as holi. But unlike Holi, the celebrations go far beyond just colours. The festival is celebrated with singing, dancing and many other traditional performances. It is celebrated with high spirits by the young and the old, irrespective of their gender and age. The five-day-long celebration begins with the burning of ‘yaoshang’ (a small thatch hut/straw hut) which is constructed with bamboo and straws on the first day.
Yaosang festival 2023 is being celebrated from 7th March to 11th March 2023 in Manipur.
Yaosang is a festival celebrated in Manipur for five days in spring, starting on the full moon day of the month of Lamda (February–March).
The five-day-long celebration begins with the burning of ‘yaoshang’ (a small thatch hut/straw hut) which is constructed with bamboo and straws on the first day.
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Singapore’s Changi airport has been named as the World’s Best Airport in the Skytrax World Airport Awards 2023.
Singapore’s Changi airport has been named as the World’s Best Airport in the Skytrax World Airport Awards 2023. Changi Airport is honoured to be named World’s Best Airport for the 12th time. The 2021 and 2022 Airport of the Year, Hamad International Airport, Doha, Qatar took 2nd place in the global ranking and won three top awards for the World’s Best Airport Shopping, the Best Airport in the Middle East and the Cleanest Airport in the Middle East. Tokyo Haneda Airport, No 3 in the global ranking, continued its previous year. Delhi Airport received the award as the Best Airport in India/South Asia. Hyderabad Airport won the awards as the Best Regional Airport in India & South Asia and for the Best Airport Staff in India & South Asia.
Delhi Airport received the award as the Best Airport in India/South Asia.
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Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed a MoU to enhance cooperation and jointly enable innovation in financial products and services.
Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed a MoU to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, which was signed in Abu Dhabi, the two central banks will collaborate on various emerging areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI. They will conduct proof-of-concept and pilot tests of the bilateral CBDC bridge to facilitate cross-border transactions of remittances and trade. This collaboration is expected to increase efficiency and reduce costs in cross-border transactions, furthering the economic ties between India and UAE.
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ICICI Bank will offer 'Start-Up Ecosystem Banking', a comprehensive suite of digital and physical solutions to cater to all banking needs of start-ups across their various life stages.
ICICI Bank will offer 'Start-Up Ecosystem Banking', a comprehensive suite of digital and physical solutions to cater to all banking needs of start-ups across their various life stages. The step has been taken to help start-ups in India in moving their funds out of Silicon Valley Bank (SVB). As part of the Start-up Ecosystem Banking, ICICI Bank has set up a dedicated team for start-ups that would serve them through an extensive network of branches. ICICI Bank will offer these innovative solutions through a network of domestic and international branches in India and in New York, Toronto, London, Dubai, Singapore, and Hong Kong. It will provide the services through its domestic and international network and branch at GIFT City, the Gujarat-based emerging global financial and IT services hub.
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For the construction of the Green National Highway Corridors Project (GNHCP), the Government of India (GOI) and the World Bank have signed an agreement.
For the construction of the Green National Highway Corridors Project (GNHCP), the Government of India (GOI) and the World Bank have signed an agreement. The total length of the project will be 781 km. It will pass from Rajasthan, Himachal Pradesh, Uttar Pradesh, and Andhra Pradesh. The total project cost will be US$1288.24 million (Rs7,662.47 crore). Loan assistance will be US $500 million. The objective of the GNHCP is to demonstrate green and safe highways keeping in view climate resilience and the use of green technologies by incorporating the provisions of conservation of natural resources using cement-treated sub-base/reclaimed asphalt pavement, use of local material.
The total project cost will be US$1288.24 million (Rs7,662.47 crore). Loan assistance will be US $500 million.
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Go Digit General Insurance has launched three new plans 'Digit Double Wallet Plan, Digit Infinity Wallet Plan and Digit Worldwide Treatment Plan', under ‘Digit Health Insurance’ policy.
Go Digit General Insurance has launched three new plans 'Digit Double Wallet Plan, Digit Infinity Wallet Plan and Digit Worldwide Treatment Plan', under ‘Digit Health Insurance’ policy. The Digit Infinity Wallet plan will help take care of the rising medical costs with an option of unlimited back-up sum insured being offered to customers. Digit Double Wallet Plan will give the policyholders an option of double back-up sum insured. The Digit Worldwide Treatment plan will give people the freedom to get treated anywhere in the world, including India. Under Infinity Wallet and Worldwide Treatment plan, for every claim-free year, policyholders will be able to earn 50% of the sum insured as cumulative bonus up to a maximum of 100% of the SI.
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The RBI Governor, Shri Shaktikanta Das has been conferred with the ‘Governor of the year’ award in the Central Banking Awards 2023 by the international publication Central Banking.
The RBI Governor, Shri Shaktikanta Das has been conferred with the ‘Governor of the year’ award in the Central Banking Awards 2023 by the international publication Central Banking. He has been given the award for captaining the financial markets through turbulent periods. Shaktikanta Das has become the second governor to get this award after Raghuram Rajan, who was awarded in 2015. The Central Banking Publications is a financial publisher specialising in public policy and financial markets, with an emphasis on central banks, and international financial institutions.
Shaktikanta Das has become the second governor to get this award after Raghuram Rajan, who was awarded in 2015.
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Bengaluru was honoured with the '2023 Partnership for Healthy Cities Award', along with Montevideo in Uruguay and Mexico City, Vancouver, Canada and Athens, Greece, at the inaugural Partnership for Healthy Cities Summit held in London.
Bengaluru was honoured with the '2023 Partnership for Healthy Cities Award', along with Montevideo in Uruguay and Mexico City, Vancouver, Canada and Athens, Greece, at the inaugural Partnership for Healthy Cities Summit held in London. Bengaluru is among five global cities that have been recognised for achievements in preventing noncommunicable diseases (NCDs) and injuries, with the Indian tech city's efforts in tobacco control. The five winning cities each received USD 150,000 to further their work with the partnership. The Karnataka capital was awarded for its efforts in tobacco control, specifically, reducing smoking in public places and improving compliance with existing mandates on public smoking bans.
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India's Kavilmadam Ramaswami Parvathy (K.R. Parvathy), who has served in leading roles at the World Food Programme in Türkey and Afghanistan, has been appointed by UN Secretary-General Antonio Guterres as the United Nations Resident Coordinator in Tajikis
India's Kavilmadam Ramaswami Parvathy (K.R. Parvathy), who has served in leading roles at the World Food Programme in Türkey and Afghanistan, has been appointed by UN Secretary-General Antonio Guterres as the United Nations Resident Coordinator in Tajikistan. She have more than 30 years of experience in development and humanitarian sectors, focusing on strategic planning, performance, risk management, people management, conflict analysis and humanitarian access negotiations. Prior to her appointment as United Nations Resident Coordinator, She served as Representative and Country Director for the United Nations World Food Programme (WFP) in Türkiye.
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The Minister of State (Independent Charge) for the Ministry of Statistics and Programme Implementation (MoSPI), Rao Inderjit Singh released the 24th issue of publication titled “Women and Men in India 2022” at, New Delhi.
The Minister of State (Independent Charge) for the Ministry of Statistics and Programme Implementation (MoSPI), Rao Inderjit Singh released the 24th issue of publication titled “Women and Men in India 2022” at, New Delhi. The publication “Women and Men in India” is a comprehensive and insightful document that provides data on a wide range of topics such as education, health, employment, and political participation, among others. It presents data disaggregated by gender, urban-rural divide, and geographical region, which helps us understand the disparities that exist between different groups of women and men.
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National Vaccination Day or National Immunisation Day is annually observed on March 16 to raise awareness regarding the importance of vaccinations for human health.
National Vaccination Day or National Immunisation Day is annually observed on March 16 to raise awareness regarding the importance of vaccinations for human health. The day was first observed in 1995 when the Indian government began the Pulse Polio Immunisation programme in an attempt to eliminate polio from the country. The first dose of oral polio vaccination was provided in India on March 16, 1995, as part of the World Health Organization's (WHO) Global Polio Eradication Program, which occurred in 1988. A countrywide campaign named 'Do Boond Zindagi Ki' helped to popularise the immunisation programme.
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Uttarakhand Agriculture Minister Ganesh Joshi has launched India's first program "Resham Keet Bima", scheme to protect sericulturists.
Uttarakhand Agriculture Minister Ganesh Joshi has launched India's first program "Resham Keet Bima", scheme to protect sericulturists. It is aims to protect farmers from the effects of climate change, water scarcity, and other dangers that impact their production of silk. The initiative has been launched as a pilot project spanning five development blocks of four districts of the state. The Agricultural Insurance Company of India and the department are jointly implementing this project. In the first phase, 200 sericulturists from five blocks in four districts—Dehradun, Haridwar, Udham Singh Nagar, and Nainital—received insurance coverage.
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International Day of Women Judges is celebrated on March 10 each year to promote equal and complete participation of women at different levels of the judiciary.
International Day of Women Judges is celebrated on March 10 each year to promote equal and complete participation of women at different levels of the judiciary. This 2023 International Day of Women Judges is being observed with the campaign “Women in Justice, Women for Justice”. The United Nations General Assembly (UNGA) voted to observe an international day for female judges as a way to recognise the contributions made by female judges around the world to justice, equality, and fairness in society. The UNGA enacted resolution 75/274 on April 28, 2021, designating March 10 as International Day of Women Judges. On March 10, 2022, the International Day of Women Judges was celebrated for the first time.
This 2023 International Day of Women Judges is being observed with the campaign “Women in Justice, Women for Justice”.
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Bhumchu festival 2023 is being celebrated at Tashiding Monastery in West Sikkim on March 7.
Bhumchu festival is celebrated at Tashiding Monastery, West Sikkim on the 14th and 15th days of the first month of the Lunar calendar corresponding to the month of February/March. Bumchu festival 2023 is being celebrated at Tashiding Monastery in West Sikkim on March 7. This celebration shows the fate of the state. The highlight of the festival is the unveiling of the Bhumchu, a small brass pot that is only opened once a year. The pot is filled with water and sealed with a wooden stopper, and according to local belief, the water level inside the pot predicts the fortunes of the community in the coming year. The higher the water level, the better the harvest and overall prosperity for the region.
Bhumchu festival is celebrated at Tashiding Monastery, West Sikkim on the 14th and 15th days of the first month of the Lunar calendar corresponding to the month of February/March.
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China's Parliament elected President Xi Jinping's close aide Li Qiang as the country's new Premier, succeeding Li Keqiang, who held the post for the last 10 years overseeing the second largest economy.
China's Parliament elected President Xi Jinping's close aide Li Qiang as the country's new Premier, succeeding Li Keqiang, who held the post for the last 10 years overseeing the second largest economy. The annual session of the National People's Congress (NPC), a ceremonial body that routinely passes the proposals of the ruling Communist Party of China (CPC), approved Li Qiang's candidature. Li Qiang, 63, stated to be a pro-business politician in Xi's inner circle, will be the number two ranked official of the CPC and the government after Xi, who was confirmed for an unprecedented third five-year term.
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Defence Research and Development Organisation (DRDO) conducted two consecutive successful flight tests of Very Short Range Air Defence System (VSHORADS) missile at the Integrated Test Range, Chandipur off the coast of Odisha.
Defence Research and Development Organisation (DRDO) conducted two consecutive successful flight tests of Very Short Range Air Defence System (VSHORADS) missile at the Integrated Test Range, Chandipur off the coast of Odisha. The flight tests were carried out from a ground-based man portable launcher against high speed unmanned aerial targets. VSHORADS is a Man Portable Air Defence System (MANPAD) meant for neutralising low altitude aerial threats at short ranges. It has been designed and developed indigenously by Research Centre Imarat, Hyderabad in collaboration with other DRDO laboratories and Indian Industry Partners.
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World Consumer Rights Day is annually celebrated on March 15 to raise global awareness about consumer rights and promote consumer protection.
World Consumer Rights Day is annually celebrated on March 15 to raise global awareness about consumer rights and promote consumer protection. The day is also commemorated to be aware about the market injustices across the world. It is an annual event that celebrates solidarity within the international consumer movement. The day was first observed on March 15, 1983 which was inspired by US President John Fitzgerald Kennedy's US Congress address on March 15, 1962. The theme of World Consumer Rights Day 2023 is "Empowering Consumers Through Clean Energy Transitions". The United Nations has recognised and endorsed World Consumer Rights Day on a global scale. Consumers International has been running the campaign for 40 years.
The theme of World Consumer Rights Day 2023 is "Empowering Consumers Through Clean Energy Transitions".
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Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu presented supplementary budget of Rs13,141.07 crore in the Vidhan Sabha for the year 2022-23.
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu presented supplementary budget of Rs13,141.07 crore in the Vidhan Sabha for the year 2022-23. The supplementary budget included Rs11,707.68 crore for state schemes, Rs1,433.39 crore for Centrally-sponsored schemes. The grants include Rs284.79 crore for the Sukh Ashray Kosh announced by his government. The money would be spent on the construction of a Sukh Ashray Bhawan and granting social security pensions. The other major expenditures proposed were for meeting committed financial liabilities of the government such as Rs6,004.63 crore for the repayment of Ways and Means - Advance/ Overdraft and Rs1,260.65 crore for pensions and other retirement benefits. The other expenditures include Rs551.48 crore for power subsidy, Rs444.03 crore for the construction of hospitals and the Himcare scheme, Rs435.08 for the construction of colleges and senior secondary schools and Rs289.38 crore as assistance to the State Transport Corporation. The major heads under which funds had been received under Central schemes include Rs400 crore for disaster relief, Rs221.96 crore for MGNREGA, Rs140.91 crore for Covid 19 emergency response and preparedness and Rs47 crore under the Pradhan Mantri Gramin Sadak Yojana.
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A successful flight-test of power take off (PTO) shaft was conducted on the Light Combat Aircraft Tejas in Bengaluru.
A successful flight-test of power take off (PTO) shaft was conducted on the Light Combat Aircraft Tejas in Bengaluru. The power take off shaft (PTO shaft) is a critical equipment that transmits power from aircraft engine to gearbox. The maiden successful flight-test of PTO shaft was conducted on LCA Tejas Limited Series Production (LSP)-3 aircraft.
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Jammu and Kashmir Bank (J&K Bank) has signed a corporate agency agreement with Life Insurance Corporation of India (LIC).
Jammu and Kashmir Bank (J&K Bank) has signed a corporate agency agreement with Life Insurance Corporation of India (LIC). The bank will service and solicit LIC’s life insurance products through its branch network. The agreement shall be operational/effective from April 1, 2023. As at December-end 2023, J&K Bank had 989 branches across the country. Of this, 83 percent of the branches were in the union territory of Jammu and Kashmir.
The agreement shall be operational/effective from April 1, 2023.
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A generic memorandum of understanding was signed between the Indian Institute of Information Technology Design and Manufacturing, Kurnool (IIITDM Kurnool) and United Nations Association (UNA) mission group for Andhra Pradesh and Telangana.
A generic memorandum of understanding was signed between the Indian Institute of Information Technology Design and Manufacturing, Kurnool (IIITDM Kurnool) and United Nations Association (UNA) mission group for Andhra Pradesh and Telangana. Lingutla Jaya Ramulu, diplomatic cardholder, who is chief expert of UN Vision of 2045 from the office of ICSTI Moscow Ministry of Russia, signed the MoU at IIITDM in Kurnool. As part of the MoU, students of IIITDM will adopt two to three villages in the Mahanandi to Achampet region and educate the people including students about the importance of conserving forests, land, and quality of air for the next 5 years as part of this programme. Some of the students of IIITDM Kurnool would also be allowed to take up research projects on the topics the UNA mission promotes through this MoU.
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The World Economic Forum (WEF) inducted Shiv Sena (UBT) leader Aaditya Thackeray and national vice president of BJP youth wing Madhukeshwar Desai to the list of world’s most promising public figures under the age of 40.
Six persons from India including Shiv Sena (Uddhav Balasaheb Thackeray) leader Aaditya Thackeray and BJP Yuva Morcha vice-president Madhukeshwar Desai were named among the Young Global Leaders for 2023 by the World Economic Forum (WEF). The World Economic Forum (WEF) inducted Aaditya Thackeray and Madhukeshwar Desai to the list of world’s most promising public figures under the age of 40. Other Indians who made to the list were from the fields of business and academia. Tanvi Ratna, Founder and CEO, Policy 4.0 Research Foundation; Aakrit Vaish, Co-Founder and CEO, Jio Haptik Technologies Limited; Sudarshan Venu, Managing Director, TVS Motor Company Limited; and Vibin B Joseph, Executive Director and CEO, BiOZEEN are the newest members of its Young Global Leaders Class of 2023.
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The Government of India has appointed Deepak Mohanty as the Chairperson of Pension Fund Regulatory and Development Authority (PFRDA).
The Government of India has appointed Deepak Mohanty as the Chairperson of Pension Fund Regulatory and Development Authority (PFRDA). He replaced Supratim Bandyopadhyay, whose term ended in January 2023. Prior to this, Mohanty, a former executive director of the Reserve Bank of India (RBI), served as a member of PFRDA. Mohanty was appointed PFRDA member (Economic) in August 2020 for a period of three years or till attaining the age of 62 years.
He replaced Supratim Bandyopadhyay, whose term ended in January 2023.
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LIC Housing Finance chairman M. R. Kumar, has tendered his resignation from the board of the company with effect from 13 March 2023.
LIC Housing Finance chairman M. R. Kumar, has tendered his resignation from the board of the company with effect from 13 March 2023. He completed his term as the Life Insurance Corporation (LIC) Chairman. Kumar's term as chairman had been extended twice. First, the government extended the term from June 30, 2021, till March 13, 2022, and then till March 13, 2023.
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Former India captain MS Dhoni has been appointed as the brand ambassador of Viacom18.
Former India captain MS Dhoni has been appointed as the brand ambassador of Viacom18. The four-time IPL-winning skipper will work with Viacom18 to make digital the preferred platform for fans to watch their favourite sport. The Chennai Super Kings icon will participate in several network initiatives featured on the JioCinema, Sports18 and his social media accounts.
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The 13th edition of bilateral armour exercise 'Bold Kurukshetra 2023', was held between Singapore Army and Indian Army from 06-13 March 2023 at Jodhpur Military Station, India.
The 13th edition of bilateral armour exercise 'Bold Kurukshetra 2023', was held between Singapore Army and Indian Army from 06-13 March 2023 at Jodhpur Military Station, India. For the first time in the exercise series, both armies participated in a command post Exercise, which involved Battalion and Brigade level planning elements and computer wargaming. Hosted by the Indian Army, the exercise involved soldiers from the 42nd Battalion, Singapore Armoured Regiment and an Armoured Brigade of Indian Army. Both contingents not only learnt about each other’s operating drills and procedure, but also exchanged ideas and best practices being followed in a modern combat zone.
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Atal Innovation Mission (AIM), NITI Aayog launched 'ATL Sarthi', a comprehensive self-monitoring framework to strengthen the ever-growing ecosystem of Atal Tinkering Labs (ATL).
Atal Innovation Mission (AIM), NITI Aayog launched 'ATL Sarthi', a comprehensive self-monitoring framework to strengthen the ever-growing ecosystem of Atal Tinkering Labs (ATL). Atal Innovation Mission is establishing Atal Tinkering Laboratories (ATLs) in schools across India to foster curiosity, creativity, and imagination in young minds and inculcate skills such as design thinking mindset, computational thinking, adaptive learning, physical computing etc. As of date, AIM has funded 10,000 schools to establish Atal Tinkering Labs (ATLs). The initiative has four pillars ensuring the performance enhancement of ATLs through regular process improvements ‘MyATL Dashboard’ and 'Compliance SOPs', 'Cluster-based Approach' and 'Performance-Enablement (PE) Matrix'.
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HDFC Bank and Flipkart Wholesale, the omnichannel B2B platform of the Flipkart Group, launched a co-branded credit card exclusively for Flipkart Wholesale members.
HDFC Bank and Flipkart Wholesale, the omnichannel B2B platform of the Flipkart Group, launched a co-branded credit card exclusively for Flipkart Wholesale members. The credit card will offer users 5 percent cashback on Flipkart Wholesale online spending. The launch of co-branded credit cards will enhance access to credit and accelerate the adoption of digital payments while offering multiple benefits to smaller merchants in India. Members can apply for the card directly at Flipkart Wholesale stores and on its Best Price Flipkart Wholesale app. HDFC Bank will set up dedicated booths inside Flipkart Wholesale stores to process the applications and provide related customer services.
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The Wholesale Price Index (WPI)-based inflation declined to a 25-month low of 3.85 percent in February 2023 on easing prices of manufactured items and fuel and power.
The Wholesale Price Index (WPI)-based inflation declined to a 25-month low of 3.85 percent in February 2023 on easing prices of manufactured items and fuel and power. This is the 9th straight month of decline in WPI-based inflation. It was 4.73 percent in January, 4.95 percent in December 2022, 5.85 percent in November last year, and 13.43 percent in February 2022. The food index inflation eased to 2.76 percent in February from 2.95 percent in January. Inflation in food articles, however, rose to 3.81 percent in February, as against 2.38 percent in January. Inflation in pulses came in at 2.59 percent, while in vegetables was (-) 21.53 percent. Inflation in oil seeds was (-) 7.38 percent, while in fruits was 7.02 percent last month. Fuel and power basket inflation eased to 14.82 percent, from 15.15 percent in January 2023. In Manufactured products, it was 1.94 percent in February 2023 as compared to 2.99 percent in January.
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Canara Bank, in collaboration with National Payments Corporation of India (NPCI), launched the Rupay Credit Card through UPI with the BHIM App.
Canara Bank, in collaboration with National Payments Corporation of India (NPCI), launched the Rupay Credit Card through UPI with the BHIM App. Customers will be able to link their valid Rupay Credit Card to UPI and make merchant payments without the need for a physical card, comparable to account-based UPI transactions. Customers will benefit from the ease and increased opportunities to use their credit card limits, while merchants without POS machines can receive payments using a Credit Card from customers having a Rupay Credit Card linked to UPI using the most popular payment mode of scan and pay through QR.
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Life Insurance Corporation of India (LIC) has appointed Tablesh Pandey as the Managing Director of the company.
Life Insurance Corporation of India (LIC) has appointed Tablesh Pandey as the Managing Director of the company. He will assume office on or after April 1, 2023 till the date of his superannuation. Tablesh Pandey is currently the Executive Director of the country's largest insurance company. Pandey will replace the present managing director B C Patnaik.
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Vice President Jagdeep Dhankhar releases the book 'Mundaka Upanishad: The Bridge to Immortality', written by Parliamentarian Dr Karan Singh, in New Delhi.
Vice President Jagdeep Dhankhar releases the book 'Mundaka Upanishad: The Bridge to Immortality', written by Parliamentarian Dr Karan Singh, in New Delhi. Dr. Karan Singh, a former member of parliament, is a philosopher and politician from India.
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India won the Border-Gavaskar Trophy (BGT) 2023 by 2-1 against Australia and also qualify the World Championship Final after the Kiwis managed to beat Sri Lanka by 2 wickets in a last ball thriller.
India won the Border-Gavaskar Trophy (BGT) 2023 by 2-1 against Australia and also qualify the World Championship Final after the Kiwis managed to beat Sri Lanka by 2 wickets in a last ball thriller. The fourth and final Test of the Border-Gavaskar Trophy between India and Australia ended in a draw on the fifth day in Ahmedabad with the hosts taking the four-match series 2-1.
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Australian Prime Minister Anthony Albanese paid a four-day visit to India from 8 March to 11 March 2023 with an aim to boost overall bilateral engagement in a range of areas including trade, investment and critical minerals.
Australian Prime Minister Anthony Albanese paid a four-day visit to India from 8 March to 11 March 2023 with an aim to boost overall bilateral engagement in a range of areas including trade, investment and critical minerals. It will be his first visit to India after becoming the Prime Minister in May 2022. Prime Minister Modi and Prime Minister Albanese hold the Annual Summit to discuss areas of cooperation under the India-Australia Comprehensive Strategic Partnership, besides regional and global issues of mutual interest.
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The Ministry of Defence signed a contract for refit of the INS Sindhukirti submarine at the Hindustan Shipyard Ltd, Andhra Pradesh at an overall cost of Rs934 crore.
The Ministry of Defence signed a contract for refit of the INS Sindhukirti submarine at the Hindustan Shipyard Ltd, Andhra Pradesh at an overall cost of Rs934 crore. Sindhukirti is a kilo-class diesel electric submarine of the Indian Navy. The Sindhukirti will be combat-worthy and will join the active submarine fleet of the Navy after the completion of the refit.
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Surekha Yadav, Asia’s first woman loco pilot has become the first female to operate the newly-introduced semi-high-speed Vande Bharat Express train.
Surekha Yadav, Asia’s first woman loco pilot has become the first female to operate the newly-introduced semi-high-speed Vande Bharat Express train. A native of Satara district in the western Maharashtra, Surekha Yadav piloted the Vande Bharat Express train between Solapur station and Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai. The train reached the CSMT five minutes before the scheduled arrival time after completing a more than 450-km long journey.
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A Memorandum of Cooperation (MoC) signed between India and Sweden to strengthen research cooperation.
A Memorandum of Cooperation (MoC) was signed between Science and Engineering Research Board (SERB), India and the Swedish Foundation for International Cooperation in Research and Higher Education (STINT), Stockholm, Sweden, to strengthen cooperation and promote research networking between research institutions from both countries. The MoC aims to promote mobility funding opportunities in both countries. It will facilitate academic cooperation through mobility activities as well as through seminars, workshops and conferences. Both institutions will facilitate and fund researcher mobility through their regular funding programmes.
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The 3rd edition of the multilateral exercise 'La Perouse 2023' was conducted in the Indian Ocean Region from 13 to 14 March 2023.
The 3rd edition of the multilateral exercise 'La Perouse 2023' was conducted in the Indian Ocean Region from 13 to 14 March 2023. This edition witnessed participation of personnel, ships and integral helicopters of Royal Australian Navy, French Navy, Indian Navy, Japanese Maritime Self Defence Force, Royal Navy and the United States Navy. The biennial exercise La Perouse was conducted by the French Navy, and is aimed at enhancing maritime domain awareness and optimising maritime coordination amongst the participating navies in the Indo-Pacific Region. Indigenously built guided missile frigate INS Sahyadri and fleet tanker INS Jyoti was participated in this edition of the exercise.
Indigenously built guided missile frigate INS Sahyadri and fleet tanker INS Jyoti was participated in this edition of the exercise.
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According to the 5th edition of annual global survey report of IQAir, Lahore in Pakistan become the city with the worst air in the world in 2022.
According to the 5th edition of annual global survey report of IQAir, Lahore in Pakistan become the city with the worst air in the world in 2022. Chad in central Africa had replaced Bangladesh as the country with the most polluted air last year. Lahore's air quality worsened to 97.4 micrograms of PM2.5 particles per cubic meter from 86.5 in 2021, making it the most polluted city globally. IQAir measures air quality levels based on the concentration of lung-damaging airborne particles known as PM2.5. Its annual survey is widely cited by researchers and government organisations. Hotan, the only Chinese city in the top 20, followed Lahore with PM2.5 levels of 94.3, an improvement from 101.5 in 2021. The next two cities in the rankings were Indian: Bhiwadi, on Delhi's outskirts had pollution levels at 92.7, and Delhi followed close behind at 92.6. India has some of the most polluted cities in the world, but ranked 8th in the latest report, with PM2.5 levels at 53.3.
Lahore's air quality worsened to 97.4 micrograms of PM2.5 particles per cubic meter from 86.5 in 2021, making it the most polluted city globally.
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The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA) to take higher exposure to RE financing and raise funds at competitive rates.
The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA) to take higher exposure to RE financing and raise funds at competitive rates. It was earlier classified as ‘Investment and Credit Company (ICC)’. With the IFC status, IREDA will be able to take higher exposure in RE financing. The IFC status will also help the company to access wider investor base for fund mobilisation, resulting in competitive rates for fund raising. The grant of IFC status is a recognition of IREDA’s 36 years of infrastructure financing and development with focused development of Renewable Energy. With IFC status, IREDA will keep contributing towards Govt of India’s target of 500 GW installed capacity of non-fossil fuels by 2030.
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Suryoday Small Finance Bank (SFB) launched a new savings account 'Blossom Women's Savings Account', designed for women customers with up to a interest rate of 7% each year.
Suryoday Small Finance Bank (SFB) launched a new savings account 'Blossom Women's Savings Account', designed for women customers with up to a interest rate of 7% each year. It also comes with a RuPay Platinum Debit Card that has been expressly created to offer discounts for shopping and online purchases, among other things. RuPay Debit Card Key Features: ATM withdrawal limit of Rs40,000 per day; 20 free transactions on other bank's ATM in India; Unlimited number of transactions on POS; Personal Accidental Death Insurance or Permanent Total Disablement cover of Rs2 lakhs.
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Noted Hindi writer Dr Gyan Chaturvedi’s 2018 satirical novel, Pagalkhana, has been selected for the 32nd Vyas Samman, 2022.
Noted Hindi writer Dr Gyan Chaturvedi’s 2018 satirical novel, Pagalkhana, has been selected for the 32nd Vyas Samman, 2022. Instituted by the KK Birla Foundation in 1991, the annual Vyas Samman is given to an outstanding Hindi literary work by an Indian citizen published during the last 10 years. It carries an award money of Rs4 lakh. After considering the works published during 2012-2021, a selection committee headed by eminent litterateur Prof Ramji Tiwari picked Dr Chaturvedi’s novel Pagalkhana (mental asylum) for the prestigious Vyas Samman.
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The Reserve Bank of India (RBI) infused liquidity amouting to Rs82,650 crore into the banking system via the 14-day Variable Rate Repo (VRR) auction.
The Reserve Bank of India (RBI) infused liquidity amouting to Rs82,650 crore into the banking system via the 14-day Variable Rate Repo (VRR) auction. Against the notified Rs1 lakh crore under the VRR auction, banks borrowed Rs82,650 crore at a weighted average rate of 6.53 percent.
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Union Minister for Road and Transport Nitin Gadkari unveiled India's first 100 percent methanol-powered prototype truck in Bengaluru.
Union Minister for Road and Transport Nitin Gadkari unveiled India's first 100 percent methanol-powered prototype truck in Bengaluru. The project is aimed at reducing the level of emissions. It is a joint initiative by Indian Oil Corporation Limited (IOCL), Ashok Leyland and Indian Institute of Science (IISc). The 10-tonne prototype truck has been built for drivability assessment and durability trials. It is India’s first and world's second 100 percent methanol (M100) prototype truck.
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International Day of Mathematics (IDM) is commemorated annually on March 14 to spread awareness and explain mathematics' essential role in the breakthroughs in science and technology.
International Day of Mathematics (IDM) is commemorated annually on March 14 to spread awareness and explain mathematics' essential role in the breakthroughs in science and technology. The day is also known as Pi Day where countries across the globe participate in this celebration of numbers and equations. Proposed by Marco Zarco Rotairo from the Philippines' the theme for Pi Day 2023 is "Mathematics for Everyone". In 1988 physicist Larry Shaw recognized this day. In 2019, the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in its 40th General Conference decided to observe Pi Day as International Mathematics Day.
International Day of Mathematics (IDM) is commemorated annually on March 14 to spread awareness and explain mathematics' essential role in the breakthroughs in science and technology.
The day is also known as Pi Day where countries across the globe participate in this celebration of numbers and equations.
Proposed by Marco Zarco Rotairo from the Philippines' the theme for Pi Day 2023 is "Mathematics for Everyone".
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The Government of India presented a budget of Rs1,18,500 crore for the Union Territory of Jammu and Kashmir for 2023-24 in the Lok Sabha.
The Government of India presented a budget of Rs1,18,500 crore for the Union Territory of Jammu and Kashmir for 2023-24 in the Lok Sabha. It includes developmental expenditure to the tune of 41,491 crore rupees. Minister of State for Finance Pankaj Choudhary presented a statement of estimated receipt and expenditure of Jammu and Kashmir for 2023-24 in the House. The expected revenue receipts are Rs1,06,061 crore, while revenue expenditure is expected to be Rs77,009 crore, leaving a revenue surplus of Rs29,052 crore for capital expenditure. Besides, he also presented a statement showing the Supplementary Demands for Grants for Jammu and Kashmir for the years 2022-23. Under it, the Government has sought an additional 3,711 crore rupees for the Union Territory as part of the supplementary demands for grants.
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Indian Bank launched a new retail term deposit “IND SUPER 400 DAYS” offering a slightly higher interest rate to women depositors.
Indian Bank launched a new retail term deposit “IND SUPER 400 DAYS” offering a slightly higher interest rate to women depositors. This special deposit is open for investment from March 6, 2023. Special Retail Term Deposit Product “IND SUPER 400 DAYS” has been launched with effect from 6 March 2023 offering higher rate of interest for investment starting from Rs10,000 to less than 2 Crore for 400 days in the form of FD/MMD with callable options. Under this scheme, the bank offers 0.05 percent higher interest rate to women investors. The scheme is valid till April 30, 2023. Indian Bank has hiked the interest rate on FDs with tenure of 2 years to less than 3 years by 20 basis points (bps) from 6.50% to 6.70%. Interest rates on FDs with other tenures remain unchanged. Indian Bank offers an additional rate of interest of 0.50% per annum for amounts up to Rs10 crore for senior citizens. The highest interest rate offered is 7.2% on a tenure of 2 years to less than 3 years. The highest interest rate of 7.45% is offered to super senior citizen on tenure of 2 years to less than 3 years.
Indian Bank launched a new retail term deposit “IND SUPER 400 DAYS” offering a slightly higher interest rate to women depositors.
Special Retail Term Deposit Product “IND SUPER 400 DAYS” has been launched with effect from 6 March 2023 offering higher rate of interest for investment starting from Rs10,000 to less than 2 Crore for 400 days in the form of FD/MMD with callable options.