Daily Current Affairs March 11&12

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 11&12. 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 11&12| Daily Current Affairs 2023

Important Days – Daily Current Affairs March 11&12

1. Mauritius Day observed on____________?
A) 9 March
B) 12 March
C) 10 March
D) 11 March
E) None of these
Answer: B) 12 March

• DAY : Mauritius Day
• DATE : 12 March
• OTHERS : Mauritius Day is celebrated annually on 12 March to mark two key events that took place in the history of the country that is independence from Britain in 1968 and it became a republic in 1992.

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Banking and Finance – Daily Current Affairs March 11&12

2. RBI infused how many crore into banking system via VRR auction?
A) ₹72,890 crore
B) ₹62,630 crore
C) ₹82,650 crore
D) ₹93,250 crore
E) None of these
Answer: C) ₹82,650 crore

• The Reserve Bank of India (RBI) infused liquidity amouting to ₹82,650 crore into the banking system on Friday via the 14-day Variable Rate Repo (VRR) auction amid tightening liquidity.
• Against the notified ₹1 lakh crore under the VRR auction, banks borrowed ₹82,650 crore at a weighted average rate of 6.53 per cent.

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3. Which mutual Fund will be rebranded as Bandhan MF?
A) IDFC Mutual Fund
B) AITYA BIRLA SUN LIFE MF
C) Axis Asset Management Company Limited
D) Kotak Mutual Funds
E) None of these
Answer: A) IDFC Mutual Fund

• IDFC Mutual Fund is set to be launched as Bandhan Mutual Fund from March 13.
• As a result, the fund houses schemes will be renamed, with the word Bandhan replacing IDFC in each of them.
• The new brand logo will also be unveiled, closely resembling the Bandhan Bank logo, but with additional colours and styling.
• Regulators had objected to the use of Bandhan Bank logo for mutual fund operations.
• Vishal Kapoor, CEO of AMC said, Our new name reflects our new sponsorship, and we are proud to now be a part of the Bandhan Group.

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4. Who sanctioned ₹1,000-crore loan to Shri Kshethra Dharmasthala Rural Development Project?
A) RBI
B) SEBI
C) SIDBI
D) IRDAI
E) None of these
Answer: C) SIDBI

• Small Industries Development Bank of India (SIDBI) has sanctioned ₹1,000-crore loan to Karnataka-based Shri Kshethra Dharmasthala Rural Development Project (SKDRDP) under its PRAYAAS Scheme for direct credit to micro enterprises under partnership arrangements.
• SIDBI has formulated the PRAYAAS Scheme to help microfinance clients upscale / diversify their business and need assistance in the range of ₹50,000 to ₹5 lakh, commonly known as “Missing Middle Segment”.
• The scheme aims to significantly improve access to finance and reduce interest rate to aspiring borrowers and help in enterprise promotion.
• SIDBI Chairman & Managing Director S. Ramann, observed that SIDBI’s mission through PRAYAAS is to connect the micro segment entrepreneurs digitally and serve the ‘missing middle’ segment by making available affordable credit.

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Appointments – Daily Current Affairs March 11&12

5. Who appointed as LIC’s interim chairman for 3 months after MR Kumar’s term ended?
A) Siddhartha Mohanty
B) Ram Chandra Paudel
C) Rohit Jawa
D) B Gopkumar
E) None of these
Answer: A) Siddhartha Mohanty

• The government on March 11 named Siddhartha Mohanty, currently serving as Managing Director and Chief Executive Officer, as the interim Chairman of the Life Insurance Corporation of India (LIC) with effect from March 14.
• Mohanty will hold this position for a period of three months.
• According to a recent stock exchange filing by LIC, the current chairman, MR Kumar, will not be receiving an extended term.

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Science and Technology – Daily Current Affairs March 11&12

6. World’s first 3D-printed rocket set for inaugural flight from__________?
A) Florida
B) Mexico
C) Washington
D) California
E) None of these
Answer: A) Florida

• The world’s first 3D-printed rocket is scheduled to blast off from Florida on the maiden flight of an innovative spacecraft billed as being less costly to produce and fly The world’s first 3D-printed rocket is scheduled to blast off from Florida on the maiden flight of an innovative spacecraft billed as being less costly to produce and fly.
• Liftoff of the Terran 1 rocket, built by California aerospace startup Relativity Space, had been set for Wednesday at Cape Canaveral, but last-minute propellant temperature issues forced a postponement.
• The new launch window is from 1:00 pm to 4:00 pm (1800 GMT to 2100 GMT), though the company warned that weather conditions were a concern.

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Environment and Energy- Daily Current Affairs March 11&12

7. India and which country inked critical minerals investment partnership?
A) Australia
B) Nepal
C) Indonesia
D) Bhutan
E) None of these
Answer: A) Australia

• India and Australia joined hands in working towards investment in critical minerals such as Lithium and cobalt to develop supply chains between the two countries.
• Coal and Mines Minister Pralhad Joshi and Minister for Resources and Northern Australia Madeleine King held bilateral talks and announced that they have identified five target projects (two lithium and three cobalt) on which to undertake detailed due diligence.

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Defence – Daily Current Affairs March 11&12

8. India, France conduct maritime partnership exercise in ________?
A) Arabian Sea
B) Indian Ocean
C) Atlantic Ocean
D) Bay of Bengal
E) None of these
Answer: A) Arabian Sea

• Indian Navy’s indigenously built guided missile frigate, INS Sahyadri participated in a Maritime Partnership Exercise (MPX) with French Navy (FN) ships FS Dixmude, a Mistral Class Amphibious Assault Ship and FS La Fayette, a La Fayette Class Frigate, in the Arabian Sea.
• The partnership exercise was conducted on March 10-11.
• The exercise witnessed a wide spectrum of evolutions at sea which included cross-deck landings, boarding exercises and seamanship evolutions.
• The seamless conduct of the exercise reaffirmed the interoperability and high level of cooperation between the two navies.
• INS Sahyadri is fitted with state-of-the art weapons and sensors, which makes her capable of detecting and neutralising air, surface and sub-surface threats.
• The ship is a part of the Indian Navy’s Eastern Fleet based at Visakhapatnam, under the operational control of FOCinC (East).

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9. Ministry of Defence signed a contract for procurement of how many Dornier-228 aircraft for IAF from Hindustan Aeronautics Limited at a cost of Rs. 667 crore?
A) 4
B) 5
C) 6
D) 7
E) None of these
Answer: C) 6

• Ministry of Defence has signed a contract for procurement of six Dornier-228 aircraft for the Indian Air Force (IAF) from Hindustan Aeronautics Limited, at a cost of 667 crore rupees.
• The aircraft was used by IAF for transport role and communication duties.
• Subsequently, it has also been used for training of transport pilots of the IAF.
• The present lot of six aircraft will be procured with an upgraded fuel-efficient engine coupled with a five bladed composite propeller.
• Ministry of Defence in a statement said that the aircraft is ideally suited for short-haul operations from semi-prepared and short runways of the North East and island chains of India.
• The addition of the six aircraft will further bolster the operational capability of the IAF in the remote areas.

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International Affairs – Daily Current Affairs March 11&12

10. India-US which edition of Commercial Dialogue meeting held in New Delhi & both countries sign MoU on semiconductor Supply Chain & Innovation Partnership?
A) 2nd
B) 3rd
C) 4th
D) 5th
E) None of these
Answer: D) 5th

• The India-US Fifth Commercial Dialogue meeting was held in New Delhi.
• During the meeting, Union Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce, Gina Raimondo acknowledged that bilateral goods and services trade has almost doubled since 2014, surpassing 191 billion US dollars as recorded in 2022.
• Both sides welcomed further steps to enhance their commercial collaboration and tap into market potential across multiple sectors, and also enable an environment for investment by small and medium-sized industries and startups.
• Both Ministers recognized that small businesses and entrepreneurs are the lifeblood of the US and Indian economies.
• There is a need to facilitate collaboration between the SMEs of the two countries while fostering innovation ecosystems that facilitate their post-pandemic economic recovery and growth.

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11. Which edition of WFI-2023’ will be organised by Ministry of Food Processing Industries from 3rd to 5th November 2023 at Pragati Maidan, New Delhi?
A) 2nd
B) 3rd
C) 4th
D) 5th
E) None of these
Answer: A) 2nd

• The second edition of ‘World Food India, WFI-2023’ will be organised by the Ministry of Food Processing Industries, from 3rd to 5th November this year at Pragati Maidan, New Delhi.
• The Curtain Raiser Event to WFI-2023 was held in New Delhi.
• During the event, Minister of Food Processing Industries, Pashupati Kumar Paras launched the website, publicity brochure and promotional video for WFI-2023.
• Mr. Paras emphasised that India is one of the fastest-growing economies with many investment opportunities, especially in the food processing sector.
• He outlined five pivotal elements of the WFI-2023 as Millets- ‘Shree Anna-The Super Food of India’, Innovation and Sustainability ‘Green Food’, White Revolution 2.0, making India an export hub and focus on technology and digitisation.

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National Affairs – Daily Current Affairs March 11&12

12. Who inaugurated G20-themed flower festival in Delhi’s CP?
A) Rajnath Singh
B) Bhupender Yadav
C) S. Jaishankar
D) Narayan Rane
E) None of these
Answer: B) Bhupender Yadav

• Union Environment Minister Bhupender Yadav inaugurated a two-day G20-themed flower festival of New Delhi Municipal Council (NDMC) at Central Park in Connaught Place.
• Meanwhile, the United Nations lauded India’s G20 Presidency for highlighting a number of Sustainable Development Goals (SDGs), namely no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation.
• Addressing the joint valedictory session of the 57th Capacity Building Programme of the Civil Servants of Bangladesh and Arunachal Pradesh, the UN Resident Coordinator Shombi Sharp said, “In fact, India’s G-20 Presidency has become SDG-20 Presidency as India is raising strong voice to close financial gaps.”
• Sharp pointed out that four emerging economies — Indonesia, India, Brazil and South Africa — will be holding the G20 Presidency in a consequent manner to raise the issues of developing countries and to become the voice of the Global South after a long gap.

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13. Who inaugurated 118 Km long Bengaluru-Mysuru Expressway project?
A) Rajnath Singh
B) Narendra Modi
C) S. Jaishankar
D) Narayan Rane
E) None of these
Answer: B) Narendra Modi

• Prime Minister Narendra Modi inaugurated the Bengaluru-Mysuru expressway at a public rally in the Mandya district of Karnataka.
• The 118 Km long project has been developed at a total cost of around Rs 8480 crores.
• It will reduce the travel time between Bengaluru and Mysuru from around 3 hours to about 75 minutes.
• It will act as a catalyst for socio-economic development in the region.
• Addressing on the occasion, Union Minister Nitin Gadkari said that with this new road, travelling from Bengaluru to Mysuru will be possible in 1 hour.

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14. Which state govt. granted freehold status for residential projects developed by DAs, OSHB?
A) Jammu and Kashmir
B) Odisha
C) Karnataka
D) Tamil Nadu
E) None of these
Answer: B) Odisha

• In a significant decision Odisha government has granted permission for freehold status to land and houses allotted by the Development Agencies (DA) and Odisha State Housing Board (OSHB).
• Official sources said the decision will benefit more than a lakh people across the state.
• There are about 99 projects developed over 2797.492 acres of land in the entire state.
• However, in the absence of any law for the conversion of such properties to freehold status, the allottees who were facing serious hardships, have been consistently demanding freehold status for such properties.

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15. Who inaugurated Youth-20 Consultation series in Pune?
A) Rajnath Singh
B) Anurag Singh Thakur
C) S. Jaishankar
D) Narayan Rane
E) None of these
Answer: B) Anurag Singh Thakur

• Union Minister for Youth Affairs Anurag Singh Thakur said that young people are equal stakeholders in the present scenario.
• While inaugurating the fourth Y20 consultation meeting in Pune, he said that the Y20 Summit presents a unique platform for young minds to share their vision, values, and ideas, and develop solutions and recommendations which will be presented to G20 leadership.
• India’s role in this Summit is not limited to speaking, it also aims for youth to be heard and actively shape the global agenda.

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16. Which state launched a Help Desk called Doda Online Services Terminal (DOST) for online services?
A) Jammu and Kashmir
B) Odisha
C) Karnataka
D) Tamil Nadu
E) None of these
Answer: A) Jammu and Kashmir

• In Jammu and Kashmir, district administration Doda in Jammu division launched a Help Desk called Doda Online Services Terminal (DOST) for online services.
• Our Jammu Correspondent reports that this was done to follow the Government of J&K’s directive to completely switch to digital service delivery.
• The launch happened through the ADBHUT Doda portal as part of Azadi Ka Amrit Mahotsav. Worth to mention, DOST will provide assistance and training to the applicants/general public.
• A fully trained team will be available on all working days from 8 AM to 2 PM at the DC office Complex in Doda to help with applying for online services, which include all kinds of services provided by Government offices/departments in the district.

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Over All Review

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