Current Affairs in English

03 March 2022 Current Affairs Updates in English

Important Days

World Wildlife Day 2022 Observed on 03rd March

World Wildlife Day is observed every year on March 3 to raise awareness about the world’s wild fauna and flora. The day also reminds us of the need to fight against wildlife crime and human-induced reduction of species causing various wide-ranging economic, environmental, and social impacts.

World Wildlife Day will be celebrated in 2022 under the theme “Recovering key species for ecosystem restoration”, as a way to draw attention to the conservation status of some of the most critically endangered species of wild fauna and flora and to drive discussions towards imagining and implementing solutions to conserve them.

The day was proposed by Thailand and recognized in 2013 by United Nations General Assembly (UNGA). March 3 has been chosen as it is the day of signature of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1973.

Useful notes for all competitive exams:

  • World Wildlife Fund Headquarters: Gland, Switzerland.
  • World Wildlife FundFounded: 29 April 1961, Morges, Switzerland.
  • President and CEO of World Wildlife Fund: Carter Roberts.

World Hearing Day observed globally on 3rd March by WHO

World Hearing Day is held on 3rd March each year by World Health Organisation (WHO). The day aims to raise awareness on how to prevent deafness and hearing loss and promote ear and hearing care across the world. On World Hearing Day 2022, WHO will focus on the importance of safe listening as a means of maintaining good hearing across the life course.

The World Hearing Day 2022 with the theme “To hear for life, listen with care” will focus on the importance and means of hearing loss prevention through safe listening.

The WHO, on March 3 in 2007, observed World Hearing Day for the first time. In 2016, they decided to declare this day as World Hearing Day.

Useful notes for all competitive exams:

  • WHO Established: 7 April 1948;
  • WHO Director General: Dr Tedros Adhanom Ghebreyesus;
  • WHO Headquarters: Geneva, Switzerland.

National

Assam government declared the entire state as a “Disturbed Area”

The Assam government has extended the contentious Armed Forces (Special Powers) Act, 1958 (AFSPA) in the state for six more months. The notification came into effect on February 28.

Initially, it was the Assam Disturbed Area Act of 1955 during the agitation by Nagas in undivided Assam. This Act gave freehand to some extent to the Army that was repealed with the incorporation of the Armed Forces (Special Power) Act, 1958.

AFSPA was imposed in Assam in November 1990 and has been extended every six months since then after a review by the government.

Useful notes for all competitive exams:

  • Assam Capital: Dispur;
  • Assam Chief Minister: Himanta Biswa Sarma;
  • Assam Governor: Jagadish Mukhi.

Appointments

Akshaye Widhani named as Chief Executive Officer of Yash Raj Films

Film production and distribution company Yash Raj Films (YRF) has named Akshaye Widhani as chief executive officer. Mr. Akshaye Widhani was serving as senior vice-president, finance and business Affairs, and head of operations at YRF Studios.

He used to head corporate and business development activities for YRF, including finance, business extensions, strategic alliances, joint ventures, co-productions.

Yash Raj Films is one of India’s biggest film production houses. Aditya Chopra is the Chairman and MD of Yash Raj Films. Yash Raj Films was founded by Yash Raj Chopra, in the year 1970.

T S Ramakrishnan named as new MD and CEO of LIC Mutual Fund

LIC Mutual Fund has announced the appointment of TS Ramakrishnan as its Managing Director & CEO, effective. Ramakrishnan, as the MD and CEO, LIC Mutual Fund Asset Management, will succeed Dinesh Pangtey, its former Wholetime Director and CEO.

LIC Mutual Fund is one of the oldest and leading mutual funds operating in India. offer a complete basket of 26 products covering debt, equity, hybrid, passive and solution-oriented schemes. The Average Assets under Management (AAuM) are Rs 18,625.52 crores as of January 31, 2022.

Economy

GST collections in Feb stand at Rs 1.3L cr

Goods and Services Tax (GST) collection crossed the Rs 1.30-lakh crores mark for the fifth time in February 2022. The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (including Rs 33,837 crores collected on import of goods) and cess is Rs 10,340 crore (including ₹638 crores collected on import of goods).

The February mop-up was impacted by the Omicron wave that swept through the country and hence, the gross sales tax collection was lower than the record Rs 1,40,986 crore netted in January.

The revenues for the month of February 2022 are 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020.

List of previous months GST Collection:

  • January 2022: Rs 1.38 Lakh crores

CDSL becomes the first depository to register more than 60 million Demat accounts

On the 1st of March, 2022, the Central Depository Services (India) announced that it now has more than six crores (i. e. equivalent to 60 million) active Demat accounts. A Demat account is a kind of account that can be used to keep online copies of securities and shares. A Demat account is a dematerialized account in its entire form.

The main purpose of a Demat account is to keep shares that have been bought or dematerialized (that means conversion from physical to electronic form of shares), making online share trading easier for users. The solely listed depository in India is Central Depository Services (India) Limited (CDSL).

Ananta Barua, Whole Time Member, Securities, and Exchange Board of India, said at a ceremony to commemorate the achievement that Dematerialisation has arose as a result of the issues that physical shares had with them.

Barua also said that the new milestone demonstrates that access to the Indian securities market has become safe, convenient, and simple.

Furthermore, Barua stated that new investors must be educated about the Indian securities market, the role of market infrastructure organizations, and investor protection in order to make well-informed judgments.

Business

Google and MeitY to train 100 Indian startups under App scale Academy programme 

The MeitY Startup Hub, an initiative of the Ministry of Electronics and Information Technology (MeitY), and Google have announced a cohort of 100 early to mid-stage Indian startups as a part of Appscale Academy programme.

Appscale Academy is a new growth and development programme for startups launched by MeitY and Google to help and train early- to mid-stage startups across India on building high-quality apps and games for a global audience.

These 100 startups were chosen from over 400 applications following an in-depth selection process.

Under the six-month Appscale Academy program, the 100 startups will be trained through a customised curriculum that includes virtual instructor-led webinars, self-learning material, and mentorship sessions with local and global industry professionals.

Useful notes for all competitive exams:

  • Minister of Electronics and Information Technology: Ashwini Vaishnaw;
  • Google CEO: Sundar Pichai;
  • Google Founded: 4 September 1998;
  • Google Headquarters: Mountain View, California, United States.

Adani Green gets LOA for setting up 150 MW solar power plant 

Adani Green Energy Ltd stated that its subsidiary Adani Renewable Energy Holding Fifteen Limited has obtained a letter of award (LOA) to build a 150-megawatt solar power plant. For a period of 25 years, the fixed rate for this project capacity is $2.34/kWh.

According to a statement issued by the Adani Group company said in a stock exchange filing, Adani Renewable Energy Holding Fifteen Limited, a Wholly-owned Subsidiary of Adani Green Energy Limited, participated in a Tender which was issued by the Punjab State Power Corporation Limited for the acquisition of 250 MW Solar Power from ground-mounted grid-connected solar PV power plants and has received the Letter of Award for setting up a 150 MW Solar Power Project.

Ranks and Reports

Knight Frank: India ranks 3rd in billionaire population globally

India is ranked 3rd in terms of most number of billionaires’ population globally in 2021, as per Knight Frank’s latest edition of The Wealth Report 2022.

The number of ultra-high-net-worth-individuals (UHNWIs) in India increased by 11% YoY in 2021 to 145 billionaires, the highest percentage growth in the Asia Pacific (APAC) region. UHNWIs are individuals with net assets of US$ 30m or more (Rs 226 crore).

Globally:

  • The list has been topped by the United States (748) and China (554) respectively.

Indian City-wise:

Bengaluru recorded the highest growth in the number of UHNWIs in 2021 at 17.1% to 352 billionaires. It was followed by Delhi (12.4% to 210) and Mumbai (9% to 1596) in 2021.

Top 5 countries with the most number of billionaires in 2021:

Billionaires2021
United States748
China554
India145
Germany136
Russia121

Defence

Indian Air Force to conduct Exercise Vayu Shakti at Pokharan range, Rajasthan 

Indian Air Force (IAF) will conduct the Exercise Vayu Shakti that will take place at Pokharan range in Jaisalmer, Rajasthan on March 7. Prime Minister Narendra Modi will be the Chief Guest of this event.

A total of 148 aircraft of the Indian Air Force (IAF) will participate in this exercise. Rafale aircraft will participate for the first time in this exercise. Exercise Vayu Shakti is organized by Indian Air Force once every three years. The last Vayu Shakti Exercise took place in 2019.

Useful notes for all competitive exams:

  • Indian Airforce founded: 8 October 1932;
  • Indian Airforce Headquarters: New Delhi;

Awards

MoS Annapurna Devi gives National ICT Award 2020 & 2021

Smt Annapurna Devi, who is the union MoS for Education has given National ICT Awards to 49 teachers from all over the country. In her speech on this event, she told that the NEP-2020 emphasizes the efficient use of technology in the field of teaching, which will remove the language barriers and increase access for DIVYANG students.

Recognition in the form of a National Award for ICT in Education for school teachers indirectly motivates instructors to utilize ICT extensively and significantly in their classrooms by combining content pedagogy and technology.

It has now been foreseen to extend this Award to the Teacher Educators for the States & UTs for their best educational practices.

These ICT Awardees are also given the task of serving as ICT Ambassadors, expanding the reach of ICT in Education through their ongoing efforts to mentor other teachers.

Science and Technology

NASA launches next-generation GOES-T satellite to track hazardous weather

US space agency, NASA, successfully launched the third in a series of four next-generation weather satellites, Geostationary Operational Environmental Satellite (GOES), from Cape Canaveral Space Force Station, Florida.

The satellite is named GOES-T. Once the satellite gets positioned in its geostationary orbit it will be renamed from GOES-T to GOES-18. GOES-T will be used by the National Oceanic and Atmospheric Administration (NOAA) to forecast weather and hazardous environmental conditions in the Western Hemisphere.

Useful notes for all competitive exams:

  • NASA administrator: Bill Nelson;
  • Headquarters of NASA: Washington D.C., United States;
  • NASA Founded: 1 October 1958.
  • NOAA Headquarters: Washington, D.C., United States
  • NOAA Founder: Richard Nixon
  • NOAA Founded: 3 October 1970

Sports

Strandja Memorial Boxing Tournament: Nikhat Zareen & Nitu wins gold for India

Indian boxers Nikhat Zareen (52kg) and Nitu (48kg) have won gold medals at the 73rd Strandja Memorial Boxing Tournament, held in Sofia, Bulgaria. The Indian contingent ended their campaign at the tournament with three medals including two golds and one bronze.

Nikhat bagged her second gold medal at Europe’s oldest international boxing tournament with a 4-1 win in the women’s 52kg final. She had previously won the Strandja Memorial title in 2019.

Nitu outpunched the reigning Youth World Championships bronze medallist Italy’s Erika Prisciandro 5-0 without breaking a sweat in the women’s 48 kg final.

Indian shooter Saurabh Chaudhary wins 10m air pistol gold at ISSF World Cup

Indian shooter, Saurabh Chaudhary has won the gold medal in Men’s 10m Air Pistol event at the ongoing 2022 International Shooting Sport Federation (ISSF) World Cup in Cairo, Egypt. The silver medal has been won by Germany’s Michael Schwald while Artem Chernousov of Russia claimed the bronze medal.

In the women’s 10m air pistol section, India’s Esha Singh lost to Anna Korakaki of Greece to win the silver medal. Esha, who had shot better than Anna in the semifinal stage, pushed Tokyo Olympics silver medallist Antoaneta Kostadinova to the bronze.


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