Current Affairs March 20, 2024

Current Affairs March 20, 2024


Current Affairs March 20, 2024

National News

Mahakumbh: India’s Premier Startup Confluence

  • India’s largest startup event, Mahakumbh, draws record participation, fostering innovation and entrepreneurship across emerging sectors like DeepTech, AgriTech, BioTech, MedTech, AI, Gaming, etc.
  • The Startup Mahakumbh is being held from March 18-20 at Bharat Mandapam in New Delhi.
  • Over 2000 startups, 1000+ investors, 100+ unicorns, 300+ incubators & accelerators, 3,000+ conference delegates, 10+ country delegations, 3000+ future entrepreneurs, and 50,000+ business visitors from across the country.
  • Jointly organized by ASSOCHAM, NASSCOM, Bootstrap Incubation & Advisory Foundation, TiE, and IVCA, with support from DPIIT, MSH, and Invest India.


  • ASSOCHAM stands for The Associated Chambers of Commerce and Industry of India. It is one of the apex trade associations of India, representing the interests of trade and commerce in the country.
  • The Associated Chambers of Commerce and Industry of India/Founded-1920
  • Ajay Singh. President ASSOCHAM


  • National Association of Software and Service Companies is an Indian non-governmental trade association and advocacy group that primarily serves the Indian technology industry. 
  • Chairperson: Rajesh Nambiar
  • Founders: Nandan NilekaniDewang Mehta
  • President: Debjani Ghosh
  • Founded: 1 March 1988

PM Modi to Undertake State Visit to Bhutan, Emphasizing Neighbourhood First Policy

  • PM Narendra Modi’s state visit to Bhutan scheduled from March 21-22 to strengthen bilateral ties.
  • Focus on regular high-level exchanges between India and Bhutan and India’s Neighbourhood First Policy.
  • PM Modi to meet Bhutan King Jigme Khesar Namgyel Wangchuck and former King Jigme Singye Wangchuck during the visit.

Bhutan country:

  • Capital: Thimphu
  • King: Jigme Khesar Namgyel Wangchuck
  • Currencies: Bhutanese Ngultrum, 
  • Official language: Dzongkha

Economy News

India’s Gross Direct Tax Collection Surges by 18.74% in Current Financial Year

  • Gross direct tax collection for the current fiscal year reaches over ₹22.27 lakh crore, marking an 18.74% growth compared to the previous fiscal year.
  • Collection includes Corporation Tax, Personal Income Tax, and Securities Transaction Tax, among others.
  • Corporation Tax collection amounts to over ₹10.98 lakh crore, while Personal Income Tax, including Securities Transaction Tax, stands at over ₹11.25 lakh crore.
  • Advance Tax collection reported at over ₹9.11 lakh crore, indicating robust revenue generation.

Banking News

YES Bank Becomes Official Banking Partner for Team India at Paris Olympics 2024

  • YES Bank partners with Indian Olympic Association (IOA) as the Official Banking Partner for Team India at the Paris Olympics 2024.
  • Launches ‘Milkar Jitayengey’ campaign and introduces ‘YES Glory Debit Card’ designed for Indian Olympic athletes.
  • Unveils ‘YES Glory’ savings account proposition with benefits including complimentary Taj voucher, free orthopedic consultations, and zero cross-currency mark-up on international spends for athletes and their immediate family members.


  • Headquarters: Mumbai
  • CEO: Prashant Kumar


Raksha Mantri Trophy Awarded to Top Command Hospitals of AFMS

  • Command Hospital (Southern Command), Pune, and Command Hospital (Central Command), Lucknow, awarded Best and Second Best Command Hospitals for 2022 by DGAFMS Lt Gen Daljit Singh.
  • Acknowledgment of AFMS’s remarkable services, including combat medical support and state-of-the-art healthcare across mid-zonal, zonal, and tertiary care hospitals.

About Raksha Mantri Trophy:

  • Purpose: Recognize excellence in military healthcare within the Armed Forces Medical Services (AFMS) of India.
  • Recipients: Awarded to the Best and Second Best Command Hospitals of the AFMS.
  • Objective: Encourage and promote outstanding performance in providing medical support to armed forces personnel and their families.
  • Award Ceremony: Typically involves presentation by senior officials from the Ministry of Defence or the Armed Forces Medical Services.

Prabha Varma Awarded Saraswati Samman 2023 for Malayalam Poetry Work

  • Renowned poet Prabha Varma honored with the Saraswati Samman 2023 for his Malayalam language poetry collection, “Roudra Sathwikam.”
  • Recognized for his significant literary contribution during 2013-2022, the award includes a citation, plaque, and prize money of fifteen lakh rupees.
  • “Roudra Sathwikam” explores themes of power, politics, individuality, and art, offering unique perspectives through poetic verse, published in 2022.

About saraswati samman award:

  • Saraswati Samman: One of the most prestigious literary awards in India.
  • Purpose: Recognize outstanding literary works in any Indian language.
  • Awarded By: K.K. Birla Foundation, established in 1991.
  • Criteria: Awarded for an outstanding literary work published during the last 10 years.
  • Recognition: Award carries a citation, plaque, and prize money.
  • Significance: Acknowledges contributions to Indian literature, promoting literary excellence and cultural diversity.

Defence News

India-US Joint HADR Exercise “Tiger Triumph – 24” Commences

  • Bilateral tri-Service exercise between India and the US, aimed at enhancing interoperability for conducting Humanitarian Assistance and Disaster Relief (HADR) operations.
  • Exercise to run until the end of the month, focusing on refining Standard Operating Procedures for smooth coordination between the two forces.
  • Indian Navy ships, helicopters, landing crafts, Indian Army personnel, vehicles, and Rapid Action Medical Team to participate, while US representation includes Navy ships with US Marine Corps and Army troops.
  • Exercise conducted on the Eastern Seaboard of India to simulate HADR scenarios and strengthen cooperation between the two nations.

About USA:

  • Capital: Washington, D.C., is the capital city of the United States.
  • President: Joe Biden

Agreement News

Indian Navy and IIT Kharagpur Forge Strategic Collaboration for Technology Development

  • Indian Navy and IIT Kharagpur, signed a Memorandum of Understanding MoU on 19 March 2024 at Naval Headquarters, New Delhi, symbolising their commitment to promote technology development, innovative solutions and joint R&D
  • Rear Admiral K Srinivas and Prof. (Ms) Rintu Banerjee sign MoU in presence of Prof. Virendra Kumar Tiwari, focusing on collaborative research initiatives.
  • Coordinated by INS Shivaji, Lonavala, the partnership aims to foster innovation and knowledge exchange between academia and the military.

Indian navy:

  • Chief of the Naval Staff of India- R Hari Kumar
  • The Indian Navy traces its origins back to the establishment of the East India Company’s Marine in 1612. It was officially established as the Royal Indian Navy in 1934. After India gained independence in 1947, it was renamed as the Indian Navy.

NCW and Railway Protection Force Join Forces to Combat Human Trafficking

  • The National Commission for Women and the Railway Protection Force came together to announce a landmark Memorandum of Understanding (MoU) aimed at strengthening efforts to combat human trafficking across India. 
  • MoU signed in New Delhi aims to prevent and combat human trafficking, with a focus on women and children.
  • NCW Chairperson Rekha Sharma emphasizes the crucial role of Railway Protection Force personnel in addressing crimes against women and children, highlighting that 70% of human trafficking cases involve women and girls.
  • Director General of Railway Protection Force, Manoj Yadava, underscores the objective of providing a safe travel experience for women and ensuring that the railway network is not exploited for atrocities against women, including trafficking.

About NCW:

  • The National Commission for Women (NCW) is a statutory body in India established in 1992 under the National Commission for Women Act, 1990.
  • Chairman: Rekha Sharma

Appointment News

Vinay Kumar Named India’s Ambassador to Russia

  • 1992 batch IFS officer Vinay Kumar appointed as the next Ambassador of India to Russia, replacing his current position as Ambassador of India to Myanmar.
  • Kumar brings extensive diplomatic experience to the role, previously serving in various capacities within the Indian Foreign Service.
  • His appointment signifies India’s diplomatic focus on enhancing relations with Russia, a key strategic partner.

Russia country:

  • Capital: Moscow
  • Currency: Russian Ruble
  • Prime minister: Mikhail Mishustin

C. P. Radhakrishnan Appointed as Governor of Telangana and Lieutenant Governor of Puducherry

  • Jharkhand Governor C. P. Radhakrishnan given additional charge of Telangana Governor and Lieutenant Governor of Puducherry.
  • Appointment follows the resignation of Dr. Tamilisai Soundararajan, which was accepted by President Droupadi Murmu.
  • Dr. Soundararajan resigned from both positions amid reports of her potential candidacy in the upcoming Lok Sabha elections in Tamil Nadu.

Telangana state:

  • Capital: Hyderabad
  • Chief minister: Revanth Reddy
  • Governor: Tamilisai Soundararajan
  • Founded: 2 June 2014

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