Daily Current Affairs March 10

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March 10| Daily Current Affairs 2023

Important Days – Daily Current Affairs March 10

1. CISF Raising Day celebrated on_________?
A) 9 March
B) 8 March
C) 10 March
D) 7 March
E) None of these
Answer: C) 10 March

  • DAY : CISF Raising Day
  • DATE : 10 March
  • OTHERS : The Central Industrial Security Force (CISF) Raising Day is observed every year on 10 March. The CISF was set up in 1969 under the act of the Parliament of India. It works under the Union Ministry of Home Affairs and its headquarter is in New Delhi.

Sports – Daily Current Affairs March 10

2. Sports Minister Anurag Singh Thakur inaugurated Khelo India Dus Ka Dum Tournament in___________?
A) Kerala
B) Karnataka
C) Tamil Nadu
D) New Delhi
E) None of these
Answer: D) New Delhi

  • Youth Affairs and Sports Minister Anurag Singh Thakur inaugurated the Khelo India Dus Ka Dum Tournament in New Delhi.
  • Mr Thakur said that sports is one area where women have performed exceptionally well when it comes to women empowerment.
  • He also expressed his pride at the country’s daughters who have done the work of showing their mettle all over the world.
  • In the run-up to the International Women’s Day 2023 celebrations, the Youth Affairs and Sports Ministry is organizing the Khelo India Dus Ka Dum tournament from the 10th to the 31st of March.
  • Nearly 15 thousand women athletes will participate in the contest in more than 50 cities of the country.
  • The game features 10 sports.
Titbits

Ministry of Youth Affairs and Sports:

UNION MINISTER : Shri Anurag Singh Thakur (Hamirpur,Himachal Pradesh)


Banking and Finance – Daily Current Affairs March 10

3. Which bank signed MoU with Central Warehousing Corporation?
A) Kotak Mahindra Bank
B) Axis Bank
C) HDFC Bank
D) Punjab National Bank
E) None of these
Answer: D) Punjab National Bank

  • An Memorandum of Understanding (MoU) has been signed between Punjab National Bank and Central Warehousing Corporation, to facilitate financing under e-NWR (Electronic Negotiable Warehousing Receipt).
  • According to the official statement, the partnership is aimed at providing easy access to finance to farmers/ food processors/ traders against the pledge of agriculture commodities stored in CWC warehouses.
  • General Manager, Kanwal Jit Shorey signed the agreement on behalf of Punjab National Bank and Rajiv Kumar Bansal, Group General Manager (Comm.) on behalf of CWC in the presence of KS Rana, DGM & Neeraj Jakhmola, CM of PNB and RR Aggarwal (GGM- Finance, CWC), Amit Puri (GM Finance, CWC) & Ashwin (AGM, CWC).
Titbits

Punjab National Bank (PNB):

Founded : 19 May 1894
Headquarters : Dwarka, Delhi
MD & CEO : Atul Kumar Goel


4. Who signed MoU with NITK Surathkal in R&D space?
A) IRDAI
B) RBI
C) SEBI
D) SIDBI
E) None of these
Answer: A) IRDAI

  • The Insurance Regulatory and Development Authority of India (IRDAI) will soon rollout insurance plans for all States along with identifying a lead insurer for each district.
  • “This will be a major initiative to improve the penetration of insurance by involving the insurers and State governments. The idea is to replicate financial inclusion drives including the lead bank scheme in the banking sector,” a senior official of IRDAI told businessline.
  • The insurance regulator has already taken up the matter with the States to be part of the programme, which is likely to be launched formally in the ensuing new financial year.
    “Most of the States have already expressed their consent and the work is in progress,’‘.
Titbits

IRDAI:

FOUNDED : 1999
Sector : Insurance
Headquarters : Hyderabad
Type : Statutory corporation
Chairperson : Debasish Panda
Jurisdiction : India


Business and Economy – Daily Current Affairs March 10

5. Who launched MSME Competitive (LEAN) Scheme?
A) Rajnath Singh
B) Amit Shah
C) S. Jaishankar
D) Narayan Rane
E) None of these
Answer: D) Narayan Rane

  • Union Minister for MSME Shri Narayan Rane launched the MSME Competitive (LEAN) Scheme.
  • Shri Rane said that LEAN has the potential to become a national movement and that it aims to provide a roadmap to global competitiveness for the MSMEs of India.
  • He added that LEAN will not only attempt to improve quality, productivity & performance, but also the capability to change the mind-sets of manufacturers and transform them into a world class manufacturers.
  • Union MoS, MSME Shri Bhanu Pratap Singh Verma also addressed the gathering.
  • This Scheme is an extensive drive to create awareness amongst MSMEs about LEAN Manufacturing practices and motivate and incentivize them to attain LEAN levels while also encouraging them to become MSME Champions.

Appointments – Daily Current Affairs March 10

6. HUL appointed whom as new MD & CEO?
A) Xi Jinping
B) Ram Chandra Paudel
C) Rohit Jawa
D) B Gopkumar
E) None of these
Answer: C) Rohit Jawa

  • FMCG major HUL announced the appointment of Rohit Jawa as the Managing Director & Chief Executive Officer.
  • Jawa, presently the Chief of Transformation for Unilever, would take over the leadership role for five years with effect from June 27, 2023.
  • ”The appointment of Rohit Jawa as a whole-time Director and MD & CEO will be subject to approval of shareholders and other statutory approvals as may be applicable’’.

7. Who elected Chinese President for 3rd term?
A) Xi Jinping
B) Ram Chandra Paudel
C) Rohit Jawa
D) B Gopkumar
E) None of these
Answer: A) Xi Jinping

  • Xi Jinping was unanimously appointed as Chinese President for the third time, making him the country’s longest-serving leader since founding father Mao Zedong, Nikkei Asia reported.
  • According to Nikkei Asia, thousands of delegates at the National People’s Congress (NPC)in Beijing voted on Xi’s appointment as president and head of the military for another five years.
  • However, the process was a formality in China’s rubber-stamp parliament after Xi, 69, was confirmed as chief of the ruling Communist Party at a twice-a-decade congress in October.

8. Axis AMC appointed whom as CEO & MD?
A) Xi Jinping
B) Ram Chandra Paudel
C) Rohit Jawa
D) B Gopkumar
E) None of these
Answer: D) B Gopkumar

  • Axis Mutual Fund said it has appointed B Gopkumar as Managing Director (MD) and Chief Executive Officer (CEO) after Chandresh Nigam decided not to continue as MD & CEO.
  • Gopkumar is currently the MD & CEO of Axis Securities.
  • Nigam had joined Axis AMC in July 2009 as head of equities and assumed the role of MD & CEO in May 2013 and led the fund house for two terms spanning 10 years.

9. Who elected as new President of Nepal?
A) Xi Jinping
B) Ram Chandra Paudel
C) Rohit Jawa
D) B Gopkumar
E) None of these
Answer: B) Ram Chandra Paudel

  • Nepali Congress senior leader Ram Chandra Paudel has been elected the new President of Nepal.
  • In the voting that took place for the third Head of State of the country, Poudel was elected to the post with 33,802 votes.
  • Paudel defeated CPN-UML Vice-chair Subash Chandra Nembang, who got 15,518 votes.
  • The President is elected by an Electoral College consisting of the members of the Federal Parliament (House of Representatives and the National Assembly) and the Provincial Assembly.

Awards – Daily Current Affairs March 10

10. Who bagged Golden & Silver Star at the International ‘Golden City Gate Tourism Awards 2023 at ITB, Berlin 2023?
A) India
B) Australia
C) China
D) Russia
E) None of these
Answer: A) India

  • The Ministry of Tourism, Government of India , has bagged Golden & Silver Star at The International ‘Golden City Gate Tourism Awards 2023’ in ‘TV/Cinema Commercials International and Country International’ Category at ITB, Berlin 2023.
  • The awards were received by Shri Arvind Singh, Secretary (Tourism) Government of India on 08th March 2023 at ITB, Berlin being held from the 7th to 9h March 2023.
  • The Golden City Gate Tourism Multi-media Awards are given annually in various categories related to the Tourism and Hospitality sectors.
  • The ‘Golden City Gate’ is a creative multi-media international competition for countries, cities, regions and hotels.
  • The entries received for the awards are judged by an international jury comprising film and tourism experts.
  • The annual award ceremony takes place at ITB Berlin, the world’s leading tourism trade show.

Science and Technology – Daily Current Affairs March 10

11. Bharti-backed OneWeb confirmed successful deployment of how many satellites launched with SpaceX?
A) 20
B) 30
C) 40
D) 50
E) None of these
Answer: C) 40

  • Low-earth orbit satellite communications company OneWeb has confirmed the successful deployment and contact of 40 satellites launched by SpaceX from Cape Canaveral Space Force Station in Florida.
  • The lift-off took place.
  • According to a statement from Bharti-backed OneWeb, its satellites separated successfully from the rocket.
  • They were dispensed using three separation groups over a period of 40 minutes, with the last separation occurring 1 hour and 35 minutes after launch.
  • Signal acquisition on all 40 satellites has been confirmed.
  • This launch is OneWeb’s 17th to-date and the penultimate mission as the company is set to complete its first-generation LEO satellite constellation and enable global coverage in 2023.
  • With 582 satellites now in orbit, OneWeb will complete the global footprint of its Gen 1 constellation with a launch set to take place later this month with Indian Space Research Organisation (ISRO)/NewSpace India Limited (NSIL).
  • The communications company said this launch enables OneWeb to continue expanding its connectivity capabilities as it grows its fleet of satellites and seeks to initiate services for more partners around the world.

12. Who partnered with Ninjacart to offer short-term financing options to farmers?
A) Garuda Aerospace
B) Skyroot Aerospace
C) HAL
D) ESA
E) None of these
Answer: A) Garuda Aerospace

  • Drone manufacturer, Garuda Aerospace and Ninjacart, an agritech e-commerce startup, announced a partnership to offer short-term financing options to farmers, enabling them to access the latest drone technology at affordable rates.
  • Through short-term financing, farmers will be able to take advantage of these benefits at reduced costs.
  • “We are starting with this right now, and the timeline for this partnership is open-ended.
  • Since we have a goal of ensuring over 1 lakh Made in India drones are sold to 1 lakh youngsters, they will be able to cover the 5.5 lakh villages in the country.
  • We intend to achieve the goal in the next couple of years,” said Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace.

International Affairs – Daily Current Affairs March 10

13. India and which country signed MoU on semiconductor supply chain and innovation partnership?
A) US
B) UK
C) UAE
D) China
E) None of these
Answer: A) US

  • India and the US signed a memorandum of understanding (MoU) on the semiconductor supply chain and innovation partnership during the India-USA Commercial Dialogue, re-launched with a strategic outlook with a focus on supply chain resiliency and diversification and new emerging areas, after a gap of three years.
  • Union Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina M. Raimondo signed the agreement during the Dialogue in New Delhi today.
    The last India-USA Commercial Dialogue was held in February 2019.

14. India and which country decided to launch strategic trade dialogue?
A) US
B) UK
C) UAE
D) China
E) None of these
Answer: A) US

  • In a significant move, India and the US decided to launch a strategic trade dialogue to address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfers.
  • The decision to launch the new framework of dialogue was taken at a meeting between External Affairs Minister S Jaishankar and visiting US Commerce Secretary Gina Raimondo, according to the Ministry of External Affairs (MEA).
  • ”The external affairs minister and secretary Raimondo agreed to launch a India-US Strategic Trade Dialogue, led by Foreign Secretary from Ministry of External Affairs of India and Under Secretary, Bureau of Industry and Security in US Department of Commerce”.
Titbits

United States of America:

Capital : Washington DC
Currency : US Dollar (USD)
President : Joe Biden
Language : English


National Affairs – Daily Current Affairs March 10

15. Who launched portal to ensure availability of power during peak demand season at high price?
A) Rajnath Singh
B) R K Singh
C) S. Jaishankar
D) Narayan Rane
E) None of these
Answer: B) R K Singh

  • Union Power Minister R K Singh has launched a portal to ensure greater availability of power during the peak demand season at a price higher than the ceiling of Rs 12 per unit by certain category of sellers.
  • The central government has launched a High Price Day Ahead Market (HP-DAM) and Surplus Power Portal (PUShP).
  • Earlier in February, power regulator CERC had approved the HP-DAM segment where power can be sold at a price as high as Rs 50 per unit.
  • HP-DAM will aid stranded gas and imported coal-based power plants to generate and sell expensive power to meet the high peak demand in summers which is expected to touch 239 GW this season.


Over All Review

Important Days

  • 10 March – CISF Raising Day.

Sports 

  • Sports Minister Anurag Singh Thakur inaugurates Khelo India Dus Ka Dum Tournament.

Banking and Finance 

  • Punjab National Bank signs MoU with Central Warehousing Corporation.
  • BEL signs MoU with NITK Surathkal in R&D space.

Business And Economy

  • Narayan Rane launches MSME Competitive (LEAN) Scheme.

Appointments

  • HUL appoints Rohit Jawa as new MD & CEO.
  • Xi Jinping elected Chinese President for 3rd term.
  • Axis AMC appoints B Gopkumar as CEO & MD.
  • Senior Nepali Congress leader Ram Chandra Paudel elected as new President of Nepal.

Awards 

  • India Bags Golden & Silver Star at The International ‘Golden City Gate Tourism Awards 2023 at ITB, Berlin 2023.

Science and Technology

  • Bharti-backed OneWeb confirms successful deployment of 40 satellites launched with SpaceX.
  • Garuda Aerospace partners with Ninjacart to offer short-term financing options to farmers.

International Affairs

  • India and US sign MoU on semiconductor supply chain and innovation partnership.
  • India and US decide to launch strategic trade dialogue.

National Affairs

  • R K Singh launches portal to ensure availability of power during peak demand season at high price.

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