Latest Current Affairs For Monday 7th March, 2022

Ministry of Development of Northeastern Region launched ‘Nari Shakti'

Ministry of Development of North Eastern Region (MDoNER) has organized a special campaign ‘Nari Shakti of North East’, ahead of International Women's Day 2022 (8th March).

It is a week-long campaign, recognizing the extraordinary efforts of Women & Girls in North East India. 

MDoNER will be organizing virtual ‘Town Hall’ Meeting where Minister G. Kishan Reddy will be interacting with the Women Work Force of MDoNER, North Eastern Council and various associate Departments. 

Culture Ministry inaugurates Swacchagraha: celebrating Swachhta, Swadhinta

Ministry of Culture, along with Sulabh International has organized ‘Swacchagraha: celebrating Swachhta and Swadhinta’.

It is being organized as part of Azadi ka Amrit Mahotsav to encourage mass awareness.

It will be conducted in two sessions and will also have panel discussion on new ideas and measures along with a song and film showcase.

Evening session themed ‘Ek Shaam Sur, Taal aur Swachhta ke Naam’ will be addressed by Chief Guest Vijay Goel.

Axis Bank and IPE Global commits $150 million loan to healthcare sector

Axis Bank has signed MoU with IPE Global for strengthening India’s healthcare infrastructure by providing affordable finance of up to $150 million (about Rs 1,140 crore) through SAMRIDH.

SAMRIDH:

Sustainable Access to Markets and Resources for Innovative Delivery of Healthcare. 

Supported by United States Agency for International Development (USAID) and IIT-Delhi.

SAMRIDH Healthcare Blended Finance Facility for pool of fund to improve the health infrastructure. 

Reliance Industries opens country's 'largest biz, commerce hub' in Mumbai

Reliance Industries (RIL) has announced opening of India’s largest business, commerce and cultural destination, ‘The Jio World Centre’. 

It is spread across 18.5 acres at Bandra Kurla Complex in Mumbai. 

The initial launches are Dhirubhai Ambani Square, the musical Fountain of Joy and The Jio World Convention Centre.

It will also include a cultural centre, a musical fountain, an upscale retail experience, curated selection of cafés, fine dining restaurants, etc.

Legendary Australian spin bowler Shane Warne passes away

Legendary Australian spin bowler Shane Warne (52 years) passed away in Koh Samui, Thailand due to a suspected heart attack.

He made his cricket debut in 1992, played 145 Tests for Australia, and picked up 708 wickets.

He had retired from all formats of cricket in July 2013 and was regarded as one of the greatest bowlers in the history of cricket.

He took 708 Test wickets (most ever for an Australian), and the second-most of all time behind Muttiah Muralitharan.

India’s largest EV charging station for 4 wheelers opens in Gurugram

India’s largest electric vehicle (EV) charging station for 4 wheelers has been launched in Gurugram’s sector 86, Haryana.

It has a capacity of 121 charging points for 4 wheelers and can charge 1,000 cars in a day.

It is developed by Alektrify Private Limited.

After its launch, Gurugram has two of the largest electric vehicle charging stations across India.

First EV station in Gurugram was opened in Sector 52 in January 2022, which has a capacity of 100 charging points. 

Aman Lekhi resigns as Additional Solicitor General of India

Senior Advocate Aman Lekhi has resigned as the Additional Solicitor General (ASG) at the Supreme Court with immediate effect on 4th March 2022.

Reason for his resignation is not clear yet.

He was appointed as the ASG in March 2018 and was re-appointed from July 1, 2020, for a period of three years till June 30, 2023.

Additional Solicitor General of India (ASG): law officer of India, who is considered the third-ranking lawyer of the Government of India.

Manish Sisodia inaugurates Delhi Teachers University

Deputy Chief Minister and Education Minister of Delhi, Manish Sisodia has inaugurated Delhi Teacher's University. 

This University will offer programmes BA BEd, BSc BEd, etc.

Its campus is located in Outram Lane in the Mukherjee Nagar area of the national capital. 

It will offer a new-age integrated education programme after Class 12.

It will also focus on fundamental and applied research in education by collaborating with national and international organizations.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.