Daily Current Affairs March 16

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 16. 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 16| Daily Current Affairs 2023

Important Days – Daily Current Affairs March 16

1. National Vaccination Day 2023 observed on___________?
A) 14 MARCH
B) 13 MARCH
C) 16 MARCH
D) 15 MARCH
E) None of these
Answer: C) 16 MARCH

• DAY : National Vaccination Day
• DATE : March 16
• OTHERS : India marks March 16 as National Vaccination Day, commemorating the Pulse Polio Immunization Programme launched in 1995.
• India’s first oral polio vaccine dose was administered on March 16, 1995, as part of a World Health Organization (WHO) campaign starting in 1988. The government launched the ‘Do Boond Zingaki Ki’ (Two drops of life) campaign in 1998 to educate people about the advantages of vaccination.

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Sports – Daily Current Affairs March 16

2. Who inaugurated IBA Women’s World Boxing Championships 2023?
A) Narendra Singh Tomar
B) Anurag Singh Thakur
C) Narendra Modi
D) Rajnath Singh
E) None of these
Answer: B) Anurag Singh Thakur

• The Union Minister for Youth Affairs and Sports Anurag Singh Thakur inaugurated the IBA Women’s World Boxing Championships 2023 at the Indira Gandhi Sports Complex in New Delhi as India gets ready for a mega boxing festival.
• Star boxer Nikhat Zareen will kick off India’s challenge at the IBA Women’s World Boxing Championships 2023 as the country’s pugilists were handed a mixed draw.
• A glittering opening ceremony took place in the capital city which was also attended by the Union Minister Of Port Shipping and Waterways and the Department Of Ayush Sarbananda Sonowal, IBA President Umar Kremlev, BFI President Ajay Singh.
• Minister of sports from the Government of Russia Oleg Matytsin also graced the opening ceremony.
• Tournament’s brand ambassador and six-time champion great MC Mary Kom was also present along with the guest of honour Bollywood star Farhan Akhtar.

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Banking and Finance – Daily Current Affairs March 16

3. Who renewed recognition to AMC Repo Clearing for one year?
A) RBI
B) SEBI
C) IRDAI
D) SIDBI
E) None of these
Answer: B) SEBI

• Markets regulator Sebi has renewed recognition to AMC Repo Clearing Ltd as a clearing corporation for one year for the purpose of clearing and settling transactions in repo and reverse repo in the debt securities.
• The regulator has granted renewal of recognition for one year commencing on January 17, 2023 and ending on January 16, 2024, according to a notification uploaded on Sebi’s website.

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4. RBI and which country’s Central Bank signed MoU to enable innovation in financial products and services?
A) Qatar
B) Kuwait
C) UAE
D) Malaysia
E) None of these
Answer: C) UAE

• Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MoU) to enhance cooperation and jointly enable innovation in financial products and services.
• Under the MoU, which was signed in Abu Dhabi, the two central banks will collaborate on various emerging areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
• CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade.

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5. LIC pared stake in NMDC for about ____ crore?
A) Rs 606 crore
B) Rs 702 crore
C) Rs 505 crore
D) Rs 802 crore
E) None of these
Answer: B) Rs 702 crore

• Life Insurance Corporation (LIC) has reduced its exposure in state-owned NMDC to 11.69% from 13.69% earlier through open market transaction.
• The deal was executed at an average price of Rs 119.37 per share.
• LIC has garnered Rs 702 crore after it sold about 5.88 lakh shares in the national miner.
• NMDC is engaged in exploration and production of iron ore.
• Apart from NMDC, LIC has also diluted its stake in TIL Ltd to 8% from 10.1% earlier.
• The company has sold 2.12 lakh shares in the open market, taking home Rs 3 crore.

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6. Which country’s Commercial Bank, digital Bank announced launch of UPI remittance service to India?
A) Qatar
B) Kuwait
C) UAE
D) Malaysia
E) None of these
Answer: A) Qatar

• Commercial Bank, a digital Bank in Qatar, announced the launch of UPI remittance service to India, becoming the first bank in Qatar to offer this service.
• Customers can use Commercial Banking digital platforms to initiate UPI payments using UPI-ID.
• The transactions can be completed within 60 seconds and are available 24/7.
• Expressing happiness at the launch, Joseph Abraham, Group Chief Executive Officer, Commercial Bank, said, this represents a significant step forward in our efforts to enhance the customer experience and provide more convenient, secure, and accessible financial services to our clients.
• UPI is an innovative payment system that aligns with our commitment to offer seamless banking services to our customers and we are confident that these services will support us to meet the evolving needs of our customers in today’s fast-paced digital world.

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Appointments – Daily Current Affairs March 16

7. Tata Consultancy Services (TCS) board had appointed whom as CEO?
A) Siddhartha Mohanty
B) Ram Chandra Paudel
C) K. Krithivasan
D) Tablesh Pandey
E) None of these
Answer: C) K. Krithivasan

• India’s largest software service provider Tata Consultancy Services announced that TCS MD & CEO Rajesh Gopinathan has tendered his resignation.
• Tata Consultancy Services (TCS) board has appointed K. Krithivasan as the Chief Executive Officer Designate, with effective from 16 March, 2023.
• Rajesh Gopinathan will continue September 2023 to provide transition and support to his successor.

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Awards – Daily Current Affairs March 16

8. Which state University became the Only Private University in India to win AIU’S Overall Trophy Two Times Consecutively?
A) Chandigarh
B) Madras
C) Bombay
D) Kerala
E) None of these
Answer: A) Chandigarh

• Chandigarh University, Gharuan, has lifted the Overall Championship Trophy at the 36th AIU Inter-University Youth Festival 2023 organized by Association of Indian Universities (AIU) at Jain University, Bengaluru.
• Prior to this, CU won the Overall Trophy in the 35th AIU Inter-University Youth Festival held in 2020.
• With this, Chandigarh University has also become the only Private University in India to win the championship two times in two consecutive years.
• CU also won the winner’s trophy for marvelous performance in contests of literary, music, art, theatre, and fine arts during the championship.
• As many as 39 students from Chandigarh University participated in the championship under different categories, and won the overall trophy along with 25 medals, including 24 gold and 1 silver, in different categories.

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9. Dhanya Rajendran will receive Chameli Devi Jain Award 2022 and he is a___________?
A) Journalist
B) Social Activist
C) Politicians
D) Editor
E) None of these
Answer: A) Journalist

• Dhanya Rajendran of The News Minute has been declared the winner of the Chameli Devi Jain Award for an Outstanding Woman Mediaperson for 2022, the Media Foundation announced.
• Bengaluru-based Rajendran is the co-founder and editor-in-chief of digital news platform The News Minute.
• A three-member jury comprising Nirmal Pathak, Editor, PTI Bhasha, columnist Nidhi Razdan, and Harish Damodaran, National Rural Affairs and Agriculture Editor, The Indian Express, agreed that Rajendran’s work ”showed a blend of meticulous reportage and data reflecting not only individual merit, but the pursuit of committed journalism”.

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10. Which Intl Airport named as ‘Best Regional Airport in India & South Asia at 2023 Skytrax World Airports Awards?
A) Rajiv Gandhi International Airport
B) Sri Guru Ram Dass Jee International Airport
C) Biju Patnaik International Airport
D) Kempegowda International Airport
E) None of these
Answer: A) Rajiv Gandhi International Airport

• The GMR Hyderabad International Airport Ltd (GHIAL), announced that Rajiv Gandhi International Airport (RGIA) has been adjudged as the ‘Best Regional Airport in India and South Asia’ in 2023 Skytrax World Airport Awards.
• The airport, voted by passengers, also bagged the award for Best Airport Staff in India and South Asia.
• Commenting on the achievement, Mr. Pradeep Panicker, CEO-GHIAL said “This award is a testament to the hard work and dedication of our airport staff, stakeholders and partners working at Hyderabad Airport, who have worked relentlessly to deliver world- class services to our passengers. This recognition motivates us to continue to innovate and further improve the airport experiences and reinforce our commitment to provide a safe and seamless experience for all.”

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Science and Technology – Daily Current Affairs March 16

11. DRDO successfully conducted flight test of indigenous Power Take off Shaft on LCA Tejas in ____________?
A) Chennai
B) New Delhi
C) Guwahati
D) Bengaluru
E) None of these
Answer: D) Bengaluru

• Defence Research and Development Organisation (DRDO) has successfully conducted a maiden flight-test of the Power Take off (PTO) Shaft on Light Combat Aircraft (LCA Tejas) Limited Series Production (LSP) -3 aircraft in Bengaluru.
• The PTO shaft is indigenously designed and developed by the Combat Vehicles Research & Development Establishment (CVRDE), Chennai of Defence Research and Development Organisation (DRDO).
• Meanwhile, Defence Minister Rajnath Singh has complimented the DRDO, PSUs and the Industry and said that the successful realisation of the PTO shaft is another major milestone towards ‘Aatmanirbhar Bharat’.
• The Defence Ministry said, the PTO shaft, which is a critical component in the aircraft, will support the requirements of future fighter aircraft and their variants and offers competitive cost and reduced time of availability.

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Defence – Daily Current Affairs March 16

12. Indian Navy announced instituting how many trophies in memory of Gen Bipin Rawat?
A) 1
B) 2
C) 3
D) 4
E) None of these
Answer: B) 2

• The Indian Navy has announced instituting two awards in the memory of India’s first Chief of Defence Staff Gen Bipin Rawat.
• The Navy made the announcement on the eve of the late General’s 65th birth anniversary.
• The first trophy would be Gen Bipin Rawat rolling trophy for the ‘Women Agniveer Trainee standing first in overall order of merit’.
• Indian Navy spokesperson Commander Vivek Madhwal said the trophy for the current year will be presented by Chief of the Naval Staff Admiral R Hari Kumar during the ‘Passing Out Parade’ of the first batch of Navy Agniveers on March 28 at the Navy’s premier sailors training centre INS Chilka.

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13. Which INS participated in France-led La Perouse naval exercise?
A) INS Khanderi
B) INS Sahyadri
C) INS Jyoti
D) Only A & B
E) Only B & C
Answer: E) Only B & C

• The France-led seven nation naval exercise La Perouse concluded successfully in the Bay of Bengal, witnessing the participation of eight ships and seven aircraft, including Indian naval ships INS Sahyadri and INS Jyoti.
• French Ambassador Emmanuel Lenain, in a tweet, said “The seven-nation France-led La Pérouse naval exercise just concluded successfully. Thank you, India, US, Australia, Japan, Canada and Great Britain! “
• The naval exercise included complex drills between partner navies in service of the shared commitment to a rules-based Indo-Pacific.
• The multilateral cooperation exercise La Perouse brought together seven nations involved in maritime security in the Indo-Pacific: India, Australia, Canada, the United States, France, Japan and the UK on March 13 and 14.

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International Affairs – Daily Current Affairs March 16

14. First international conference of SCO on Shared Buddhist Heritage began in _________?
A) New Delhi
B) Kerala
C) Gujarat
D) Rajasthan
E) None of these
Answer: A) New Delhi

• The first international conference of Shanghai Cooperation Organization (SCO) on Shared Buddhist Heritage has begun in New Delhi with focus on India’s civilizational connect with the SCO nations.
• The aim of the two-day conference is to re-establish trans-cultural links and seek out commonalities, between Buddhist art of Central Asia, art styles, archaeological sites and antiquity in various museum collections of the SCO countries.
• The event, under India’s leadership of SCO has brought together Central Asian, East Asian, South Asian and Arab countries on a common platform to discuss Shared Buddhist Heritage.

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National Affairs – Daily Current Affairs March 16

15. Who inaugurated AgriUnifest organized by Bangalore Agricultural University
A) Narendra Singh Tomar
B) Anurag Singh Thakur
C) Narendra Modi
D) Rajnath Singh
E) None of these
Answer: A) Narendra Singh Tomar

• Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar has said that India is a huge democracy, whose characteristics are population and secondly 60 percent of our population is youth.
• Together, these two forces are so great that India can not only meet any challenge, but is also fully capable of winning over these challenges if we complement each other.
• Prime Minister Shri Narendra Modi has named the next 25 years from Amrit Mahotsav to AmritKaal, if it is properly utilized and if the energy of the young population of our country is also utilized, then by the year 2047, we will definitely be able to see, our country as a developed India.

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16. Indian Railways had set a target of becoming Net Zero Carbon Emitter by __________?
A) 2025
B) 2027
C) 2030
D) 2034
E) None of these
Answer: C) 2030

• Minister of Railways Ashwini Vaishnaw has said that Indian Railways has set a target of becoming Net Zero Carbon Emitter by 2030.
• In a written reply in Lok Sabha, Mr. Vaishnaw said, Railways has taken a number of initiatives to reduce its carbon emissions.
• This includes use of energy efficient technologies like completely switching over to production of three phase electric locomotives with regenerative features, use of head on generation HOG technology, use of LED lights in buildings and coaches, star rated appliances and afforestation.
• He said, the key strategies that have been identified for achieving the Net Zero Carbon emission target are procurement of power through renewable energy sources, shifting from diesel to electric traction promotion of energy efficiency and afforestation.

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