Current Affairs 03 March 2024 & Test | Latest News & Updates

Current Affairs 03 March 2024 & Test Latest News & Updates

 

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1. Which is the ninth member country of Shanghai Cooperation Organization (SCO)?

  1. Malaysia
  2. Iran
  3. Indonesia
  4. Africa

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2. Iran

2. World Social Justice Day has been celebrated on 20 February. What was its theme this time?

  1. Towards a Sustainable Social Landscape
  2. Empowering Communities, Embracing Diversity
  3. Global Unity for Equality
  4. Bridging the gap, building alliances

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4. Bridging the gap, building alliances

3. When is International Mother Language Day celebrated?

  1. 22st February
  2. 21st February
  3. 23st February
  4. 24st February

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2. 21st February

4. Where has the ‘100-Cube Start-up Initiative’ been launched recently?

  1. IIT Delhi
  2. IIT Madras
  3. IIT Kharagpur
  4. IIT Bhubaneswar

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4. IIT Bhubaneswar

5. Which is the leading state/UT in EV infrastructure development as per data from Bureau of Energy Efficiency?

  1. Karnataka
  2. Delhi
  3. Uttar Pradesh
  4. Tamil Nadu

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  1. Karnataka

6. Recently ‘Asha Kiran Scheme’ has been started in Karnataka. What is its purpose?

  1. Educational scholarships for underprivileged students
  2. Eye Care
  3. Agricultural development programs
  4. Housing assistance for senior citizens

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2. Eye Care 

7. Makara Vilakku festival is related to which state?

  1. Karnataka
  2. Manipur
  3. Kerala
  4. Gujarat

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3. Kerala

8. Who has been made the state icon of Punjab for the Lok Sabha elections?

  1. Harbhajan Singh
  2. Harsimrat Kaur Badal
  3. Manpreet Badal
  4. Shubman Gill

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4. Shubman Gill

9. Where has the multinational military exercise ‘Peace Prayas IV’ started recently?

  1. Kathmandu – Nepal
  2. Islamabad – Pakistan
  3. Colombo – Sri Lanka
  4. Dhaka – Bangladesh

Show The Answer

  1. Kathmandu – Nepal

10. Who is the 16th Chairman of the Finance Commission of India?

  1. Smt. Nirmala Sitharaman
  2. Dr. Raghuram Rajan
  3. Shri Arvind Panagariya
  4. Shri Montek Singh Ahluwalia

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3. Shri Arvind Panagariya

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Some lines of current affairs 03 March 2024 news

National

The 2023 International Yoga Festival took place by the Ganges in Rishikesh

The Yoga Festival in 2023 happened in Rishikesh from March 1st to March 7th. It was a big part of the Bharat Parv this year. Lasting for six days, the festival aimed to showcase the culture and beauty of Uttarakhand. Visitors at the Red Fort’s Uttarakhand Tourism pavilion talked a lot about it.

International

Vietnam’s parliament chose Vo Van Thuong as the new president

Vietnam is getting new leadership in its ongoing fight against corruption. Vo Van Thuong, a member of the Communist Party of Vietnam, has been elected as the new President by the National Assembly. He took his oath during a special meeting in Hanoi, Vietnam. Vương Đình Huệ, the Chairman of the National Assembly, acknowledged his oath.

Key points for competitive exams:

  • Vietnam’s Prime Minister: Pham Minh Chinh
  • Capital of Vietnam: Hanoi
  • Currency of Vietnam: Vietnamese dong

Agreements

Godrej & Boyce and Renmakch agree to work together to create a ‘Make-in-India’ supply chain for Indian Railways

Godrej & Boyce, the main company of the Godrej Group, said its business Godrej Tooling teamed up with Renmakch to work together on Machinery & Plant (M&P) projects for Railways and Metro Rail. They’ll provide high-quality equipment made in India. This partnership allows Godrej & Boyce to offer a full range of services from design to construction for Railways and to bid on bigger projects. They’ve been a reliable partner of the Indian Railways for more than 15 years.

Appointments

Ishnu Barua is the new chairperson of the Central Electricity Regulatory Commission

Jishnu Barua is now the new chairperson of the Central Electricity Regulatory Commission (CERC). He was appointed on February 27, 2023. Before this role, Barua served as the chief secretary of Assam from October 2020 to August 2022, and prior to that, he was the additional chief secretary of Assam, overseeing various state departments from August 2017 to October 2020.

Key points for competitive exams:

  • CERC was established on July 24, 1998.
  • CERC is headquartered in New Delhi.

Economy

In February, India’s jobless rate increased to 7.45%, according to CMIE

In February 2023, joblessness, measured by the CMIE All India unemployment rate, stayed high at 7.45%, up from 7.14% in January. Urban unemployment dropped for the second month in a row to 7.93% from 8.55% in January and reached its highest point at 10.09% in December 2022. However, rural unemployment jumped to 7.23% in February from 6.48% in January, which is concerning.

Banking

SBI says they finished a $1 billion loan plan together with other lenders for social purposes

SBI recently finished a $1 billion social loan, marking it as the biggest ESG loan among commercial banks in Asia Pacific and second-largest worldwide. The loan was set up with the help of MLABs, MUFG bank, and Taipei Fubon Commercial Bank Co. Ltd. MUFG and Taipei Fubon Commercial Bank are coordinating the social loan together, with MUFG taking the lead.

RBI starts two surveys to collect helpful information for monetary policy

On March 3rd, the Reserve Bank of India introduced two important surveys. These surveys help the bank make decisions about its monetary policy every two months. One survey focuses on finding out what households expect regarding inflation, while the other measures consumer confidence. The Inflation Expectations Survey of Households (IESH) for March 2023 aims to understand what people think about price changes and inflation based on what they buy, covering 19 cities.

Defence

Rashmi Shukla, an IPS officer, has been appointed as the Director-General of SSB

Rashmi Shukla, a senior officer in the Indian Police Service (IPS), has been named as the Director-General of the Sashastra Seema Bal (SSB), which guards the borders with Nepal and Bhutan. Shukla, who joined the IPS in 1988, previously worked with the Central Reserve Police Force (CRPF). She was in charge of the State Intelligence Department in Maharashtra Police, where there were allegations of phone tapping involving politicians in 2019.

Key points for competitive exams:

  • Sashastra Seema Bal (SSB) was established in 1963.
  • SSB’s headquarters is located in New Delhi.

Science and Technology

SpaceX sends NASA Crew-6 mission to space

SpaceX sent NASA’s Crew-6 mission to the International Space Station. It had two NASA astronauts, a Russian cosmonaut, and an astronaut from the United Arab Emirates. The rocket, a Falcon 9 with a Crew Dragon capsule named Endeavour, took off from NASA’s Kennedy Space Center in Florida at 12:34 a.m. EST (0534 GMT).

Schemes and Committees 

The Supreme Court has formed a committee of experts to examine the Hindenburg report about the Adani Group. The committee is led by AM Sapre

The Supreme Court asked for an experts committee, led by a retired Supreme Court judge named AM Sapre, to be formed. This came after several PILs were filed regarding the recent drop in Adani Group shares, which happened because of claims by a US-based short-seller, Hindenburg Research, about fraud. At the same time, the Supreme Court instructed the Securities and Exchange Board of India (SEBI) to complete its investigation into the Adani Group-Hindenburg situation within two months.

Summits and Conferences

Sarbananda Sonowal opened a global event about traditional medicine

Union Minister Sarbananda Sonowal opened the first B2B Global Conference & Expo on Traditional Medicine organized under the Shanghai Cooperation Organisation (SCO) in Guwahati. He mentioned India’s efficient utilization of natural resources like Ayurveda to provide healthcare and work towards Universal Health Coverage. The establishment of the Global Center for Traditional Medicine by the World Health Organization (WHO-GCTM) in Jamnagar, supported by India, will assist member countries in enhancing education and practices in Traditional Medicine.

Awards

Sashidhar Jagdishan from HDFC Bank won the title of ‘BS Banker of the Year 2022’

Sashidhar Jagdishan, the MD and CEO of HDFC Bank, has been named the Business Standard Banker of the Year 2022. He’s being recognized for effectively handling technology challenges while keeping the bank’s performance strong.

D Gukesh receives Player of the Year award from the Asian Chess Federation

Indian chess player D Gukesh won the Player-of-the-Year award from the Asian Chess Federation. He got it for winning the gold medal in the 44th Chess Olympiad in Mahabalipuram with a remarkable score of 9/11. Gukesh is also one of the few Indians to achieve a rating above 2700, making him the youngest Grandmaster from India to reach this milestone.

Key points for competitive exams:

  • Asian Chess Federation Headquarters: Al Ain, United Arab Emirates.
  • President of the Asian Chess Federation: Sultan bin Khalifa Al Nahyan.

Sports

NADA banned India’s triple-jumper Aishwarya Babu for four years

India’s top triple-jumper Aishwarya Babu, 25, got banned by the National Anti-Doping Agency (NADA) for four years. She was caught using a banned steroid, which led to her exclusion from the 2022 Birmingham Commonwealth Games. Along with another athlete, S Dhanalakshmi, they tested positive for this prohibited substance listed by the World Anti-Doping Agency (WADA). Aishwarya has until March 6, 2023, to appeal the ban, as stated in the notice she received from NADA’s Appeal Panel on February 13, 2023.

Jeswin Aldrin sets new record at AFI National Jumps Competition

Tamil Nadu’s Jeswin Aldrin, aged 21, broke the national record for men’s long jump at the second AFI National Jumps Competition. He jumped 8.42 meters, surpassing the previous record of 8.36 meters set by his fellow Indian athlete M Sreeshankar in April 2022. Earlier, Aldrin won silver at the Asian Indoor Championships in Astana with a jump of 7.97 meters. His competitive spirit helped him break the national record.

Books and Authors

Abhay K has written a book called “The Book of Bihari Literature” that contains a collection of short stories

Bihar’s Industry Minister, Samir Kumar Mahaseth, launched a book called “The Book of Bihari Literature” during the Grand Trunk Road Initiatives 3.0 (GTRi 3.0) in Patna, Bihar. Edited by Indian poet-diplomat Abhay Kumar and published by HarperCollins, the book features a collection of short stories and poems spanning 2600 years, translated into English from various languages including Angika, Bajjika, Bhojpuri, Magahi, Maithili, Hindi, Urdu, Pali, Sanskrit, and Farsi. Mahaseth emphasized that the book plays a crucial role in promoting Bihar’s diverse literary heritage both within India and globally.

Important Days

World Wildlife Day 2023 is on March 3rd

Every March 3rd, people all over the world celebrate World Wildlife Day, which was chosen because it’s the birthday of CITES, a treaty signed in 1973 to protect endangered species. This global event happens every year to honor and raise awareness about Earth’s wild animals and plants. CITES aims to stop international trade from harming species. In 2023, World Wildlife Day’s theme is “Partnerships for wildlife conservation,” recognizing those who are making a positive impact.

Key points for competitive exams:

  • WWF Headquarters: Gland, Switzerland
  • WWF Founded: April 29, 1961, in Morges, Switzerland
  • WWF Director: Marco Lambertini

Obituaries

Chandrashekhar Dasgupta, who was a former diplomat and received the Padma Bhushan award, has died

Chandrashekhar Dasgupta, an Indian diplomat, passed away at 82. He received the Padma Bhushan Award in 2008. Born on May 2, 1940, in Kolkata, West Bengal, he was honored for his civil service in Delhi.

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