Daily Current Affairs March 03

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs March 03. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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March 03| Daily Current Affairs 2023

Important Days – Daily Current Affairs March 03

1. World Wildlife Day observed on___________?
A) March 2
B) March 3
C) March 4
D) March 5
E) None of these
Answer: B) March 3

• DAY : World Wildlife Day
• DATE : 3rd March
• THEME : “Recovering key species for ecosystem restoration”
• OTHERS : This day is celebrated globally on 3rd March and is closely aligned with Sustainable Development Goal 12 that is Life without water, which focuses on marine species and highlights the problems, critical issues of marine wildlife to our everyday life.

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Ranking – Daily Current Affairs March 03

2. Which country topped the MENA region in the World Bank’s Women, Business and the Law 2023 report, scoring 100% in 5 of 8 key indicators?
A) UAE
B) UK
C) Iran
D) USA
E) None of these
Answer: A) UAE

• According to the annual World Bank report, which covers 190 countries, the UAE scored 82.5 out of 100 possible points across 35 sub indicators divided into eight major areas of the report: Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension.
• It is worth noting that the UAE is a regional and global leader in enacting legislation and regulations that support women’s rights and workplace roles.
• The UAE’s commitment to this cause dates back to 2012, when the UAE Cabinet passed legislation requiring the presence of women on the boards of government entities, making the UAE the first country in the region and the second in the world to do so.

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Banking and Finance – Daily Current Affairs March 03

3. PNB made Positive Pay System mandatory for cheque payments worth how many Rs.?
A) >5lkh
B) <5lkh
C) 2-5lkh
D) <1lkh
E) None of these
Answer: A) >5lkh

• In a move to safeguard customers from fraudulent payment of cheques, state-owned Punjab National Bank (PNB) has made the Positive Pay System (PPS) compulsory for cheque payments worth Rs 5 lakh and above.
• This will come into effect from April 5, 2023.
• Earlier, the mandatory submission of cheque details in PPS was set at Rs 10 lakh and above.
• The PPS is a system developed by the National Payments Corporation of India (NPCI), which requires customers to reconfirm essential details (account number, cheque number, cheque alpha code, issue date, amount, and beneficiary name) when issuing cheques of a certain amount.

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4. World Bank commited _____USD to India for public healthcare infra?
A) USD 1 billion
B) USD 2 billion
C) USD 3 billion
D) USD 4 billion
E) None of these
Answer: A) USD 1 billion

• The World Bank and India signed two complementary loans of USD 500 million each to support and enhance the country’s healthcare infrastructure.
• Through this combined financing of USD 1 billion (about Rs 8,200 crore), the bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve the public healthcare infrastructure across the country, the multilateral funding agency.

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Business and Economy – Daily Current Affairs March 03

5. Who launched FIRST to Support Digitization of MSMEs in India?
A) Narayan Rane
B) Sarbananda Sonowal
C) Nirmala Sitharaman
D) Narendra Singh Tomar
E) None of these
Answer: A) Narayan Rane

• Shri Narayan Rane, Hon’ble Minister of MSME, announced the launch of FIRST, the Forum for Internet Retailers, Sellers, and Traders in the presence of over 400 retailers and seller organizations.
• The aim of FIRST is to create awareness and support MSMEs across India on the opportunities that will help them go digital and become self-reliant.
• Over 17,200 enterprises based in India across the retail, trade and commerce sector, selling goods and services, have registered with the Forum.

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Appointments – Daily Current Affairs March 03

6. Who appointed next head of the UN World Food Programme?
A) Vikash Verma
B) Cindy McCain
C) M. R. Kumar
D) Pankaj Gupta
E) None of these
Answer: B) Cindy McCain

• Cindy McCain will become Executive Director of the UN World Food Programme (WFP) from next month, the agency announced.
• Currently serving as the United States Ambassador to the UN agencies in Rome – which includes lifesaving food relief agency WFP – the wife of the late US Senator and Republican presidential candidate, that she was “deeply honoured” to be appointed, noting that the agency has been “part of my life for decades”.

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7. Vietnam parliament elected whom as new President?
A) Nnamdi Azikiwe
B) Vo Van Thuong
C) Yakubu Gowon
D) Bola Tinubu
E) None of these
Answer: B) Vo Van Thuong

• Vietnam’s National Assembly elected Vo Van Thuong as the country’s new President, in a reshuffle of the country’s top leadership amid an anti-graft campaign.
• In an extraordinary session, lawmakers confirmed Thuong after the ruling Communist Party nominated him on Wednesday as President.
• Thuong’s election follows the sudden resignation of his predecessor Nguyen Xuan Phuc in January, who the Party blamed for wrongdoing.
• In his first speech to Parliament as the new President, Thuong said that he would resolutely continue the fight against corruption.
• Thuong is the youngest member of the Party’s Politburo, the country’s top decision-making body.

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Awards – Daily Current Affairs March 03

8. Which ministry awarded Porter Prize 2023 for successfully managing COVID-19?
A) Health
B) Sports
C) Defence
D) Culture
E) None of these
Answer: A) Health

• The Union Health Ministry has been awarded the Porter Prize 2023 for successfully combating the COVID-19 crisis.
• The prize was announced at “The India Dialog”, organized by Institute for Competitiveness (IFC) and US Asia Technology Management Center (USATMC) at Stanford University on February 23-24.
• The award was presented to the Ministry of Health and Family Welfare (MoHFW) in the virtual presence of Union Health Minister Mansukh Mandaviya and Secretary, MoHFW, Rajesh Bhushan.

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Environment and Energy- Daily Current Affairs March 03

9. Research and Innovation Initiative Gathering Conference on Materials for Sustainable Energy held under India’s G20 Presidency in ______?
A) Ranchi
B) Raipur
C) Jaipur
D) Lucknow
E) None of these
Answer: A) Ranchi

• The Research and Innovation Initiative Gathering (RIIG) Conference on Materials for Sustainable Energy was held under India’s G20 Presidency in Ranchi, Jharkhand.
• The Conference is coordinated by the Council of Scientific and Industrial Research (CSIR), New Delhi.
• Dr Srivari Chandrasekhar, Secretary, Department of Science and Technology (DST), RIIG Chair, welcoming the G20 delegates said that many G20 nations including India have enormous minerals and materials wealth that is required to be sustainably used for meeting our energy requirements.
• The G20 delegates from Indonesia and Brazil also reiterated the importance of the conference.
• 21 foreign delegates from 16 G20 members, invited guest countries and International organisations and 40 Indian experts participated in the Conference.

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Defence – Daily Current Affairs March 03

10. Govt approved procurement of how many HTT-40 Basic Trainer Aircraft for Indian Air Force?
A) 60
B) 65
C) 70
D) 75
E) None of these
Answer: C) 70

• The government has approved the procurement of 70 HTT-40 Basic Trainer Aircraft from Hindustan Aeronautics Limited (HAL) for the Indian Air Force at a cost of over six thousand 828 crore rupees.
• The aircraft will be supplied over a period of six years.
• The Ministry of Defence said, the aircraft will meet the shortage of basic trainer aircraft of IAF for the training of newly inducted pilots.
• The Ministry said, the HTT-40 is a turboprop aircraft and is designed to have good low-speed handling qualities and provide better training effectiveness.

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International Affairs – Daily Current Affairs March 03

11. Quad announced establishment of Working Group on Counter-Terrorism in__________?
A) New Delhi
B) Punjab
C) Haryana
D) Assam
E) None of these
Answer: A) New Delhi

• Quad grouping of countries comprising of US, Japan, Australia and India announced the establishment of a Working Group on Counter-Terrorism in sharpening of the group’s focus to combat terror.
• A joint statement of the Quad Leaders issued in New Delhi denounced the use of terrorist proxies and committed to promote accountability for terrorist attacks including the 26/11 attack in Mumbai, “which claimed lives of citizens from all Quad countries”.
• Heavily-armed terrorists from Pakistan struck in Mumbai on November 26, 2008 in which at least 174 people, including 26 foreign nationals, were killed and over 300 people injured.
• The foreign ministers of Quad countries reaffirmed the grouping’s commitment for a free and open Indo-Pacific, and said it strongly supports the principles of rule of law, sovereignty and territorial integrity and peaceful settlement of disputes.

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National Affairs – Daily Current Affairs March 03

12. Who inaugurated 7th International Dharma Dhamma Conference in MP’s Bhopal?
A) Droupadi Murmu
B) Sarbananda Sonowal
C) Nirmala Sitharaman
D) Narendra Modi
E) None of these
Answer: A) Droupadi Murmu

• President Droupadi Murmu inaugurated the Seventh International Dharma Dhamma Conference, organised by the India Foundation in collaboration with the Sanchi University of Buddhist-Indic Studies, in Madhya Pradesh’s capital Bhopal.
• Speaking on the occasion, the President has said that the great banyan tree of Indian spirituality has its roots in India and its branches and vines are spread all over the world.
• For scholars, there are different schools of philosophy.
• But the mystics of the world speak the same language.
• When realised souls decided to become compassionate teachers or gurus, their traditions came into existence.
• Many such traditions originated in India and have been flourishing across the world.

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13. The unique flagship initiative ‘Dhara: An Ode to Indian Knowledge Systems’ of which ministry completed one year?
A) Health
B) Sports
C) Defence
D) Culture
E) None of these
Answer: D) Culture

• The unique and flagship initiative “Dhara: Ode to Indian Knowledge Systems”, taken up under the aegis of Azadi Ka Amrit Mahotsav by Ministry of Culture has completed one year in February 2023.
• During its yearlong activities, it has been successful in creating public awareness, stakeholder participation and helped to devise a framework for the promotion and revival of multiple domains of Indian Knowledge Systems.
• The programme was conceptualized as a series of lectures and discussions dedicated to specific areas of inquiry highlighting India’s civilizational achievements.

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14. “Samarth” (Scheme for Capacity Building in Textiles Sector) Scheme of Ministry of Textiles operational till ________?
A) JAN 2024
B) FEB 2024
C) MAR 2024
D) APR 2024
E) None of these
Answer: C) MAR 2024

• Samarth is a demand driven and placement-oriented umbrella skilling programme of Ministry of Textiles.
• The implementation period of the scheme is up to March 2024.
• The scheme was formulated under the broad skilling policy framework adopted by M/o Skill Development & Entrepreneurship.
• Samarth aims to incentivize and supplement the efforts of the industry in creating jobs in the organized textile and related sectors, covering the entire value chain of textiles, excluding Spinning and Weaving.
• The training programme and course curriculum have been rationalized keeping in view the technological and market demand of the domestic and international economies.
• In addition to the entry level skilling, a special provision for upskilling/ re-skilling programme has also been operationalized under the scheme towards improving the productivity of the existing workers in Apparel & Garmenting segments.
• Samarth also caters to the upskilling/ re-skilling requirement of traditional textile sector such as handloom, handicraft, silk and jute.

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15. CCI organised which edition of National Conference on Economics of Competition Law?
A) 6th
B) 7th
C) 8th
D) 9th
E) None of these
Answer: C) 8th

• The Competition Commission of India (CCI) organised the 8th National Conference on Economics of Competition Law.
• The Conference, which brings together scholars, practitioners, academicians and experts working in the area of economics of competition law, is being organised by the CCI every year since 2016.
• In his keynote address, Dr V Anantha Nageswaran, Chief Economic Adviser (CEA), Ministry of Finance, Government of India, highlighted the importance of competition in ensuring efficient markets and overall national prosperity.
• Competition unleashes the true potential of an economy and helps break free from status quo, he added.
• Free markets on their own may not guarantee the benefits of competition.
• Morality and ethics should undergird free market economy.
• In this context, he highlighted the ex-ante role of sector regulators and the ex-post role of competition agencies in creating market conditions that can mimic competitive environment.
• Regulators must not hesitate to intervene in order to keep markets free from entry barriers.

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16. Who addressed the “Kashmir Festival” in the Gujarat University?
A) Narayan Rane
B) Jitendra Singh
C) Nirmala Sitharaman
D) Narendra Singh Tomar
E) None of these
Answer: B) Jitendra Singh

• Addressing the “Kashmir Festival” organized by the Gujarat University here, Union Minister Dr Jitendra Singh hailed the aspirational StartUps of the new genre and said, festivals like this provide an opportunity to the youth from different regions of the country to come together and exchange their experiences as well as best practices in the emerging avenues.
• The Minister said, the “Kashmir Festival” will hopefully provide a very valuable exposure for the youth from Jammu & Kashmir because Gujarat is a State traditionally known to be ahead of other States in terms of entrepreneurship and futuristic vision for innovative initiatives.

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