Current Affairs March 4, 2024

Current Affairs March 4, 2024


Current Affairs March 4, 2024

National News

Lighthouse photo exhibition promotes tourism:

  • Union minister for ports, shipping, and waterways & Ayush, shri Sarbananda Sonowal inaugurates the exhibition on 3rd march 2024 at AIFACS, New Delhi.
  •  Shri Shripad y. Naik and Shri Shantanu Thakur, along with other senior officials, grace the event.
  • From 3rd to 7th march 2024, showcasing 100 captivating photographs of lighthouses across India’s coastline.
  •  to promote lighthouse tourism and highlight historical significance.

Initiative: ministry of ports, shipping, and waterways (MOPSW) endeavors to transform lighthouses into tourist destinations by renovating them with modern facilities.

Anant Ambani launched “Vantara” program for welfare of animals

  • Anant Ambani, director on the boards of reliance industry limited and reliance foundation has launched an umbrella initiative called “Vantara” (star of the forests) programme to rescue, treat, care for and rehabilitate injured, abused and threatened animals in India and abroad
  • The initiative aims to rescue, treat, care for and rehabilitate injured abused and threatened animals in India and abroad
  • The initiative is the 1st of its kind in India and it aims to construct the world largest animal rescue and rehabilitation centre spanning about 3000 acres within the green belt of reliance’s Jamnagar refinery complex in Gujarat
  • The initiative offers dedicated medical facilities and specialized animal kitchens

Uttar Pradesh has become the first state to issue 5 crore Ayushman cards. Cards are issued under the center’s flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana

  • The Uttar Pradesh government has issued 50,017,920 Ayushman cards and provided benefits to 74,382,304 individuals as per a press release. 3,716 hospitals in the state are covered under this scheme.
  • A total of 3,481,252 health claims filed under the Ayushman Bharat scheme. Out of which 3,275,737 claims have been settled on a rate of 92.48 percent in the state.

Ayushman Bharat scheme:

  • Launch: Ayushman Bharat, a government-led healthcare scheme, commenced on September 23, 2018, based on national health policy 2017 recommendations.
  • Objective: aimed at achieving universal health coverage (UHC) through two main components: pm-jay program and health and wellness centers.
  • Coverage: targets over 10 crores impoverished and vulnerable families, approximately 50 crore individuals, providing up to 5 lakh rupees per family annually for secondary and tertiary hospitalization care.
  • Replacement: Ayushman Bharat – national health protection mission replaces existing centrally sponsored schemes like Rastriya swasthya Bima yojana (rsby) and senior citizen health insurance scheme (schis).

Sarbananda sonowal inaugurates ocean grace tug and medical mobile unit virtually

  • Sarbananda sonowal, union minister of mopsw & Ayush, virtually inaugurated the 60t bollard pull tug named ‘ocean grace’ and the medical mobile unit (MMU) on march 2, 2024.
  • Ocean grace is the first make-in-India ADTDS tug developed by cochin shipyard limited under MOPSW.
  • The mmu is part of the port’s commitment to corporate social responsibility, offering diverse healthcare services to the community.

Banking News

Rbi revises bbps framework to streamline bill payments enhance protection

  • Reserve bank of India (rbi) has revised the regulatory framework for Bharat bill payment systems (bbps) based on a review of developments in the payments landscape the revised directions called as rbi (bbps) direction 2024 will be applicable from 1st April 2024
  • This will streamline the process of bill payments, enable greater participation and enhance customer protection among other changes
  • The master direction of rbi (bbps) direction 2024 was issued under the section 18 read with section 10(2) of the payment and settlement systems pss act 2007


  • Governor: Mr. Shakti Kanta Das
  • Established in 1st April 1935
  • Headquarters: Mumbai, Maharashtra

GDP growth in fy24 likely to be within striking distance of 8% SBI report

  • On march 1 2024 according to the Eco wrap report by the state bank of India (SBI) the GDP growth for financial year 2023-24 is likely to be within striking distance of 8%
  • Indian economy grew 8.4% in q3fy24
  • The buoyancy in indirect tax mop-up (32 per cent year on year growth) gap between gross domestic product (GDP) and gross value added (GVA) growth widened

Amit shah launches NUCFDC to strengthen urban cooperative banking

  • Home minister Amit shah inaugurated the national urban cooperative finance and development corporation limited (NUCFDC) in New Delhi.
  • The NUCFDC aims to modernize and strengthen the urban cooperative banking sector for the benefit of banks and customers.
  • It promotes the one town-one urban cooperative bank initiative, striving to establish an urban cooperative bank in every town.
  • The NUCFDC received certification from the Reserve Bank of India to operate as a non-banking finance company and a self-regulatory organization.

Appointment News

Shahbaz sharif re-elected as prime minister of Pakistan:

  • Shahbaz sharif begins his second term as prime minister, having previously served from April 2022 to august 2023.
  • Significance: his re-election marks a return to power for sharif and reflects political developments in Pakistan.


  • Location: Pakistan is situated in South Asia, sharing borders with India to the east, Afghanistan and Iran to the west, China to the north, and the Arabian sea to the south.
  • Capital: Islamabad serves as the capital city of Pakistan.
  • Population: with over 220 million people, Pakistan ranks as the fifth most populous country globally.
  • Languages: Urdu is the national language, with English widely used for official purposes. Regional languages include Punjabi, Pashto, sandhi, and Balochi.
  • Government: Pakistan functions as a federal parliamentary democratic republic, where the president is the head of state and the prime minister leads the government.
  • Independence: Pakistan gained independence from British rule on august 14, 1947, following the partition of British India.

Rbi approves appointment of ex-SEBI executive director Ravindran as TMB’s part time chairman

  • S Ravindran as the part time chairman of tamilnad mercantile bank ltd
  • He is also serving as the independent director on the boards of the National Stock Exchange of India ltd (NSE India), LTIDPL InvIT Services, Shriram Finance, and Bandhan Asset Management Company (AMC), brings valuable expertise to TMB.

Sports News

Puneri paltan defeats haryana steelers to win pro kabaddi league season 10

  • Puneri paltan won the pro kabaddi league (pkl) season 10 by defeating the haryana steelers in the final held at the gmc balayogi stadium in gachibowli, hyderabad, telangana
  • It marks puneri paltan’s 1st ever pkl title win since its 1st edition in 2014
  • The title winner, puneri paltan was awarded prize money of rs 3 crore and runner up haryana steelers was awarded rs 1.8 crore

Pro kabaddi league

  • Inception: founded in 2014, pro kabaddi league aimed to promote and popularize the traditional Indian sport of kabaddi.
  • Franchise-based: operates on a franchise model similar to other sports leagues. Teams represent various cities or regions.
  • Seasons: runs for a few months annually. Each season comprises a regular season followed by playoffs to determine the champion team.
  • Format: matches feature two teams competing. Teams score points by sending a “raider” into the opponent’s half to tag defenders and return safely to their own half without being tackled.

Bpcl announces partnership with neeraj chopra as brand ambassador for ‘speed’ petrol variant

  • Bharat petroleum corporation (bpcl) partners with olympic and world javelin champion neeraj chopra.
  • Neeraj chopra will represent bpcl as the brand ambassador for its premium petrol variant, ‘speed.’
  • This collaboration enhances bpcl’s brand presence and adds to its list of esteemed brand ambassadors.

Bharat petroleum corporation

  • Formation: bpcl was established in 1976 after the government of India nationalized burmah shell, operating in India since 1928.
  • Business activities: engaged in refining, marketing, and distribution of petroleum products, bpcl is a prominent player in India’s petroleum industry.
  • Refineries: bpcl operates refineries in key Indian locations such as mumbai, kochi, bina, and numaligarh.
  • Product range: offers a diverse range of petroleum products including petrol, diesel, lpg, aviation fuel, lubricants, and petrochemicals.

Award News

Dr. Pradeep mahajan receives maharashtra bhushan award 2024 for advancing regenerative medicine

  • Dr Pradeep Mahajan, founder and chairman/managing director of STEMRX Hospital and research Centre, along with STEMRX bioscience solutions, has been honoured with the prestigious Maharashtra Bhushan Award 2024.
  • This recognition applauds his pioneering efforts in advancing regenerative medicine, offering innovative treatments and hope to patients globally.

Important days

National safety day 2024: promoting safety for a sustainable future

  • National Safety Day, observed annually on March 4 in India, initiates National Safety Week, extending the focus on safety measures beyond a single day.
  • The event underscores the crucial significance of safety and precautionary measures across all sectors.
  • The theme for National Safety Day 2024, “Safety for a sustainable future,” emphasizes the intrinsic link between safety measures and sustainability, highlighting the importance of integrating safety practices into sustainable development initiatives.

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