Current Affairs March 8, 2024

Current Affairs March 8, 2024

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Current Affairs March 8, 2024

National News

National Creators Award Unveiled by Prime Minister Modi on International Women’s Day

  • Prime Minister Narendra Modi presented the inaugural National Creators Award at Bharat Mandapam in New Delhi.
  • The award recognizes outstanding contributions across domains such as storytelling, social change advocacy, environmental sustainability, education, and gaming.
  • Acknowledging the digital revolution, PM Modi highlighted the impact of the Digital India Mission in fostering a vibrant community of content creators.
  • The award aims to catalyze positive change through creative endeavours.
  • Over 1.5 lakh nominations were received in the first round, with approximately 10 lakh votes cast during the voting phase.
  • The 23 winners, including three international creators, were selected across twenty categories, including Best Storyteller, Disruptor of the Year, Celebrity Creator of the Year, Green Champion Award, and Best Creator for Social Change.

Sahityotsav: World’s Largest Literary Festival by Sahitya Akademi Celebrates 70 Years

  • Sahityotsav, the world’s largest literary festival by Sahitya Akademi, will take place from March 11th to 16th, commemorating the academy’s 70th anniversary.
  • Over a hundred renowned writers and scholars will participate, with more than 190 sessions representing over 175 languages of India.
  • The festival’s highlight includes the Sahitya Akademi Awards 2023 presentation ceremony on March 12th at New Delhi’s Kamani Auditorium.
  • Pratibha Rai, a distinguished Odia writer, will be the Chief Guest for the Awards Presentation Ceremony.

Sahitya Akademi

  • Establishment: Sahitya Akademi was formed in 1954 by the Government of India in New Delhi.
  • Objective: Dedicated to promoting and encouraging excellence in Indian literature, recognizing outstanding works, and fostering literary appreciation and dialogue.
  • Functions: Organizes literary events, conferences, and seminars as platforms for writers to discuss and exchange ideas.
  • Awards: Confers the prestigious Sahitya Akademi Award annually for outstanding books in various Indian languages.
  • Languages: Engages with writers in 24 languages, including Hindi, English, Bengali, Urdu, Kannada, Malayalam, Tamil, Telugu, Punjabi, etc.
  • Autonomy: Operates as an autonomous organization with a focus on literary development.
  • Cultural Contribution: Plays a vital role in preserving and promoting India’s rich literary heritage.
  • Leadership Structure: Governed by a General Council and an Executive Board, with a President often being a distinguished literary figure.

MoSPI signs MoU with ISRO’S NRSC to facilitate urban frame survey in digital mode

  • The field Operations Division (FOD) of the National Sample Survey Office under the Ministry of Statistics and Programme Implementation (MoSPI) has signed a memorandum of understanding (MoU) with the National Remote Sensing Centre (NRSC) under the Indian Space Research Organization (ISRO) to facilitate urban frame survey (UFS) in a digital mode
  • The state-of-the-art GEO ICT (information communication technology) tools and techniques using Bhuvan platform will be used for UFS

About National Remote Sensing Centre (NRSC):

  • NRSC was established in 1974 as the National Remote Sensing Agency a registered society under the Department of Science and Technology
  • The centre was renamed NRSC and became a full-fledged centre of ISRO in 2008
  • Director: Dr. Prakash Chauhan
  • Headquarters: Hyderabad, Telangana

INTERNATIONAL NEWS

Sweden Joins NATO as 32nd Member, Strengthening Alliance Unity

  • Sweden completes the accession process and officially becomes the 32nd member of NATO after a two-year journey.
  • The decision follows Sweden’s application to join the military alliance, prompted by the Russia-Ukraine war in February 2022.
  • At the Washington ceremony, Swedish Prime Minister Ulf Kristersson emphasizes unity and solidarity as guiding principles for Sweden.
  • US President Joe Biden remarks on NATO’s strengthened position, stating that the alliance is “stronger than ever today.”

NATO (North Atlantic Treaty Organization) Overview:

  • Formation: Established on April 4, 1949, with the signing of the North Atlantic Treaty in Washington, D.C.
  • Founding Members: Original members included the United States, Canada, and ten Western European nations.
  • Objective: Founded as a collective defence alliance to ensure the security and mutual defence of its members in response to the post-World War II geopolitical landscape.
  • Membership: Started with 12 members and has expanded over the years; as of the latest information, there are 30 member countries.
  • Headquarters: NATO’s headquarters is located in Brussels, Belgium.

Indian Consulate in Dubai Launches Life Protection Plan (LPP) for UAE-Based Blue-Collar Workers

  • Indian Consulate in Dubai introduces the Life Protection Plan (LPP) for Indian blue-collar workers in the UAE.
  • LPP provides financial benefits to the families of workers in the event of natural or accidental deaths.
  • The Life Protection Plan (LPP) became effective from March 1, 2023.
  • The plan covers death due to any cause, whether natural or accidental.
  • Aimed at benefiting blue-collar workers and other employees in the United Arab Emirates (UAE).
  • The plan ensures financial security for the families of the insured workers in case of unfortunate incidents.

Banking News

Punjab National Bank and Ease My Trip Partners to launch co-branded travel credit card “PNB EMT Credit Card”

  • Punjab National Bank (PNB) an Indian public sector bank partnered with Ease My Trip one of India’s largest online travel tech platforms to launch “PNB EMT credit card” a co-branded premier travel credit card
  • The card is intended for both mass and premium customers and offers a variety of rewards for Indian travellers
  • The PNB EMT Credit card is available for an annual membership fee of Rs 2000 and can be globally used across 100 countries

About PNB (Punjab National Bank):

  • PNB is MD & CEO: Mr. Atul Kumar Goel
  • Headquarters: New Delhi, Delhi
  • Established in 1894
  • Tagline- the name you can bank upon

Easy Trip Planners Pvt. Ltd

  • Co-founder and CEO- Nishant Pitti
  • Founded in 2008
  • Headquarters- New Delhi

Bank of Baroda offers LITE saving account with lifetime zero balance feature

Bank of Baroda (BOB) has launched a lifetime zero balance savings bank account called “BoB LITE saving account this account offers a lifetime free Rupay platinum debit card for customers who maintain a nominal quarterly average balance (QAB)

Eligibility:

  • The account is open to all resident individuals, including minors aged 10 years and above who can read and write

QAB requirements

  • 3000 for metro/urban branches
  • 2000 for Semi-urban branches
  • 1000 for rural branches

Features:

  • The account offers interest rates of up to 7.5% per annum for saving accounts and 8.10% for fixed accounts
  • The account holders are provided with vouchers worth RS 1500 for premier brands, comprehensive cyber insurance cover, accident and travel insurance up to Rs 1 crore and other premium banking services

About Bank of Baroda:

  • Managing director (MD) and chief executive officer (CEO)- Debadatta Chand
  • Headquarters- Vadodara, Gujarat
  • Established in 1908
  • Tagline- India’s international bank

Economy News

FDI inflows decline 13% to USD 32Bn in April-December 2023

  • According to the data by the Department for Promotion of Industry and Internal Trade (DPIIT) Ministry of Commerce and Industry (MoCI), foreign direct investment (FDI) inflows in India decreased by 13% to USD 32.03 Billion in April-December 2023
  • This is attributed by lower investment in sectors like computer hardware and software, telecom, auto and pharma
  • However, inflows increased from countries like Mauritius, the Netherlands, Japan and Germany

Defence News

Indian navy commissions INS Jatayu at Minicoy and India’s 1st MH-60R Seahawk squadron in Kochi

  • the Indian navy commissioned the Indian naval ship (INS) Jatayu at Minicoy, the southernmost island in Lakshadweep. This is the 2nd naval base in Lakshadweep after INS Dweeprakshak in Kavaratti
  • it was commissioned by admiral Radhakrishnan R. Hari Kumar the chief of naval staff (CNS)
  • the CNS R.Hari Kumar also commissioner Indian Naval Air Squadron (INAS) 334 “Seahawks” India’s first MH 60R multirole helicopter squadron at INS Garuda in Cochin, Kerala

Aabout Indian Navy (INS):

  • chief of naval staffadmiral Radhakrishnan Hari Kumar
  • headquarters- New Delhi
  • founded- January 26, 1950

Sports News

Redbull’s Max Verstappen wins seasons-opening F1 Bahrain Grand Prix 2024

  • Belgian-Dutch driver Max Verstappen (Competing under the Dutch flag) of Red Bull won the season-opening Formula 1 (F1) Bahrain Grand Prix 2024 held at the Bahrain International circuit

About federation Internationale de l automobile (FIA)

 The F1 Grand Prix races are organised by the Federation International de Automobile (FIA)

  • President- Mohammad ben Sulyem
  • Headquarters –Prais, France
  • Established-1904

Important Days

Celebrated annually on March 8th, International Women’s Day serves as a global focal point in the women’s rights movement.

  • Aims to raise awareness and advocate for gender equality, reproductive rights, and the elimination of violence and abuse against women.
  • Traces its roots to early 20th-century labour movements and has evolved into a day of global recognition for women’s social, economic, cultural, and political achievements.
  • the theme for International Women’s Day is #Inspire Inclusion
  • Global Participation: Marked by events, rallies, and activities worldwide, bringing attention to women’s rights and the ongoing struggle for equality.

Defence News

India’s Tri-Services to Conduct ‘Bharat-Shakti’ Exercise, Showcasing Indigenous Firepower in Rajasthan

  • Bharat-Shakti– Largest tri-service exercise by the Indian Army, Navy, and Air Force.
  • Asia’s largest field firing range in Jaisalmer district, Rajasthan, was chosen for the significant military exercise.
  • Showcase the firepower and capabilities of the Army, Air Force, and Navy.
  • Exclusive use of indigenously manufactured weapons and platforms during the exercise.
  • Demonstration of the prowess of indigenously developed weapon systems in the defence arsenal.

Science and Tech News

Union Minister Rajeev Chandrasekhar Launches ChipIN Centre at Vikram Sarabhai Space Centre for Semiconductor Design Revolution

  • Inauguration: Union Minister Rajeev Chandrasekhar inaugurates the ChipIN Centre at the Vikram Sarabhai Space Centre in Kerala.
  • ChipIN is set to revolutionize semiconductor design in India with state-of-the-art tools and diverse design flows.
  • ChipIN aims to democratize access to chip design infrastructure across India, fostering inclusivity.
  • The Center focuses on empowering students, researchers, and industry professionals to drive innovation in semiconductor design.
  • With a focus on advanced node technologies, ChipIN provides cutting-edge resources for semiconductor design.Top of Form

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