Current Affairs March 27, 2024
National news
BRO Connects Strategic Nimmu-Padam-Darcha Road in Ladakh
- Border Roads Organisation (BRO) completed the 298-km Nimmu-Padam-Darcha road connecting Manali to Leh via Darcha and Nimmu on the Kargil-Leh Highway.
- This road becomes the third axis, apart from Manali-Leh and Srinagar-Leh, providing crucial connectivity to Ladakh.
Border Road Organization:
- Founded: 7 May 1960
- Parent organization: Ministry of Defence
- Director General: Lt. Gen. Raghu Srinivasan
Ranks and reports news
Mumbai Surpasses Beijing as Asia’s Billionaire Hub:
- Mumbai has become Asia’s billionaire capital, surpassing Beijing, according to Hurun Research’s 2024 Global Rich List.
- Despite China having more billionaires overall (814) compared to India’s 271, Mumbai boasts 92 billionaires, outpacing Beijing’s 91.
- Globally, Mumbai ranks third in billionaire density, behind New York (119 billionaires) and London (97 billionaires), marking a significant rise in India’s economic prominence.
Maharashtra state:
- Capital: Mumbai
- Chief minister: Eknath Shinde
- Governor: Ramesh Bais
Banks news
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 a recapitalization scheme on March
- RRBs, established in 1975 and owned by the Indian government, operate at the regional level across various states, focusing on offering basic banking and financial services to rural areas.
- The objective of RRBs is to serve small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs, aiming to promote financial inclusion and rural development.
- This allocation is aimed at strengthening RRBs, enhancing their capacity to provide essential banking services and support economic activities in rural regions.
SEBI directs AMFI to stop inflows into overseas schemes of MFs from april 1
- The securities and exchange board of india (SEBI) has instructed the association of mutual funds in inida (AMFI) to hold inflows into overseas exchange trade funds (ETFs) from april 1
- This decision comes as the current limit of USD 1 billion, set by the RBI
- SEBI’s January 2022 directive barred MFs from fresh subscriptions in overseas stocks despite recent market downturns, SEBI relaxed restrictions with USD 7 billion industry cap
- 13 international MF schemes manages Rs 7743 crore in passive funds with many others investing in international ETFs
- The current limits were set in 2007—08 and hasn’t revised despite india’s doubled forex reserves
- SEBI mandates valuing overseas investment utilization based on available cost, not current market valuation
About SEBI:
- Chairperson- madhabi puri buch
- Headquarters- Mumbai
- Established-1992
Aditya birla housing finance launches digital lending platform “ABHFL-FINVERSE”
- Aditya birla housing finnce limited (ABHFL) a wholly-owned subsidiary of Aditya birla capital limited has launched a unified digital lending platform called “ABHFL-finverse” for its home loan customers.
- The platform would digitise the entite lending process, from prospecting to disbursement It will offer customers a seamless experience, a quizk turnaround of loan applications, real time updates and greater transparency of loan status.
- The ABHFL-FINVERSE platform has been co-created in association with Tata Consultancy Services.
Aditya Brila Capital Limited:
- CEO: Vishakha Mulye
- Founded: 2007
Defence news
Indian Navy’s Operation Sankalp Marks 100 Days
- Since mid-December 2023, Indian Navy has intensified maritime security operations in response to the Israel-Hamas conflict.
- Operation Sankalp, launched in this context, witnessed proactive measures during the hijacking of Malta Flagged Bulk Carrier MV Ruen on December, 2023.
- As of March, 2024, marking 100 days of Op Sankalp, Indian Navy has responded to 18 incidents, demonstrating its role as the ‘First Responder’ and ‘Preferred Security Partner’ in the Indian Ocean Region.
- The Navy’s actions against the hijacking of MV Ruen highlight its significance in ensuring maritime security and stability.
Indin navy: Adm R Hari Kumar, Chief of the Naval Staff,
Appointment news
Neeraj Chopra Named Brand Ambassador for Eveready
- Neeraj Chopra, Olympic and Asian Games gold medalist in Javelin Throw, joins Bollywood stars Akshay Kumar and Amitabh Bachchan as Eveready’s newest brand ambassador.
- The collaboration aims to bolster Eveready’s commitment to excellence and innovation, particularly with the launch of the new Ultima Alkaline battery series.
- Eveready Industries India Ltd. (EIIL) announced the partnership in a press release, highlighting the significance of Chopra’s inclusion in promoting the brand’s values and products.
Abhay Thakur Appointed as India’s Ambassador to Myanmar:
- Abhay Thakur, a senior Indian diplomat and 1992-batch officer of the Indian Foreign Service (IFS), has been appointed as India’s next ambassador to Myanmar.
- The Ministry of External Affairs (MEA) announced the appointment on March 26, 2024.
- Thakur currently serves as an Officer on Special Duty in the Ministry of External Affairs and has previously held roles such as the sous-sherpa for the G20 process during India’s presidency of the group.
Myanmar country:
- Capital: Naypyidaw
- Currency: Myanmar Kyat
- Prime minister: Min Aung Hlaing
Hansha Mishra Appointed as Director in Union Public Service Commission (UPSC):
- Hansha Mishra, an officer of the Indian Audit and Accounts Service (IA&AS) from the 2010 batch, has been appointed as Director in the Union Public Service Commission (UPSC), Delhi.
- Her appointment follows a recommendation for central deputation by the Comptroller and Auditor General (CAG) of India.
- Mishra’s new role marks a significant responsibility within the UPSC, contributing to the organization’s crucial functions related to recruitment and selection processes for various central government posts.
UPSC: Union Public Service Commission
- Chairperson: Manoj Soni
- Founder: Government of the United Kingdom
- Founded: 1 October 1926
Science and tech news
Chandrayaan-3 Landing Site Named ‘Shiva Shakthi’
- The landing site for Chandrayaan-3 is officially designated as ‘Shiva Shakthi’, nearly seven months after PM Narendra Modi’s announcement
- This decision is part of the broader plan to commemorate India’s space achievements with culturally significant names.
- The name “Statio Shiva Shakti” for the Chandrayaan-3 landing site was approved by the Paris-based IAU on March, as per the Gazetteer of Planetary Nomenclature
- The new name, ‘Shiva Shakthi’, reflects the blend of tradition and modernity, symbolizing India’s aspirations in space exploration.
About IAU: The International Astronomical Union is a non-governmental organisation with the objective of advancing astronomy in all aspects, including promoting astronomical research, outreach, education, and development through global cooperation.
- President: Debra Elmegreen
- Founded: 28 July 1919
- Headquarters: Paris, France
International Astronomical Union Names Asteroid ‘Jayantmurthy’ after Indian Scientist:
- The International Astronomical Union (IAU) has honoured Indian Scientist Professor Jayant Murthy by naming an asteroid after him.
- The asteroid, previously known as 2005 EX296, has been officially designated as (215884) Jayantmurthy by the IAU’s Working Group on Small Bodies Nomenclature.
- Professor Jayant Murthy is renowned for his contributions to interstellar medium studies, ultraviolet astronomy, and space missions.
- This recognition highlights the significance of Murthy’s contributions to the field of astronomy and space science, marking a prestigious acknowledgment of his work on an international scale.
ISRO POEM-3 acheives zero debris re-entry in orbit
- The ISRO announced that polat statellite launch vehicle orbital experimental module-3 (POEM-3) re-entered the earth’s atmosphere with zero debris in oribit
- It is ISRO’S unique cost effective space platform which used the spent PS4 stage of the PSLV-C58 launche vehicle and launched XPoSat (X-RAY polarimeter statellite)
- POEM-3 mission was conceptualized by vikram sarabhai space center (VSSC)
ISRO: indian space research organisation
- Chairman: sreedharan panicker somanath
- Headquarters- Bengaluru
- Established-1969
Sports news
Carlos Sainz Wins Australian Grand Prix:
- Carlos Sainz of Ferrari clinches victory at the Australian Grand Prix,
- The race was characterized by dramatic moments, including the unexpected retirement of Red Bull’s reigning world champion Max Verstappen, Top of Form
Australia:
- Capital: Canberra
- Prime minister: Hon Anthony Albanese
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Important days
World Theatre Day 2024: Celebrating Theatre’s Significance
- World Theatre Day is a special day celebrated every year on March 27 to honour the art of theatre
- World Theatre Day, proposed by the International Theatre Institute (ITI) in 1961, is observed annually to celebrate the importance of theatre.
- Each year on this day, a renowned theatre performer delivers a message highlighting the significance of theatre.
- The day serves as a reminder to recognize the value of theatre and its role in the entertainment industry.
- The theme for World Theatre Day 2024 is ‘Theatre and a Culture of Peace’.
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