Daily Current Affairs March 19

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 19. 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 19 | Daily Current Affairs 2024

Sports – Daily Current Affairs March 19

1. Who won the 2025 Australian Grand Prix?
A) Max Verstappen
B) George Russell
C) Lando Norris
D) Andrea Kimi Antonelli
E) Alexander Albon
Answer: C) Lando Norris

Event and Location:

• Event: Lando Norris wins the 2025 Australian Grand Prix in a dramatic season opener.
• Date: March 16, 2025.
• Location: Melbourne, Australia.

Race Overview:

• Weather Conditions: Dry start, intermittent rain, late-race downpour.
• Safety Cars: Multiple deployments due to crashes and poor track conditions.

Top 5 Finishers:

1. Lando Norris (McLaren).
2. Max Verstappen (Red Bull Racing).
3. George Russell (Mercedes).
4. Andrea Kimi Antonelli (Mercedes).
5. Alexander Albon (Williams).

Key Race Moments:

• Strong Start for Norris: Started on pole position and controlled the early laps.
• Weather & Pit Stop Drama: A sudden rain shower caused Norris and Piastri to go off track, allowing Verstappen to take the lead.
• Late Safety Car Incident: Verstappen stayed on slick tyres too long, forcing an extra pit stop, allowing Norris to regain P1.
• Retirements: Fernando Alonso, Carlos Sainz, and Jack Doohan crashed out, while Isack Hadjar failed to start after a formation lap crash.

Surprise Performances:

• George Russell finished P3 after navigating chaos.
• Andrea Kimi Antonelli secured P4 despite receiving a pit release penalty.

Important Terms Explained:

• Intermediate Tyres: Special F1 tyres designed for mixed weather conditions.
• Safety Car: A vehicle deployed on track to slow down the race after an accident or hazardous conditions.
• Pit Stop Strategy: The decision-making process behind when to change tyres or refuel to gain a competitive advantage.

Tabular Summary:

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Ranking – Daily Current Affairs March 19

2. What is India’s rank in the Free Speech Index released by The Future of Free Speech?
A) 15th
B) 24th
C) 10th
D) 30th
E) 5th
Answer: B) 24th

Event and Location:

• Event: India ranked 24th out of 33 countries in the Free Speech Index by The Future of Free Speech.
• Date: Survey conducted in October 2024.
• Location: Global study including 33 nations.

Survey Conducted By:

• Think Tank: The Future of Free Speech (U.S.-based).
• Report Title: “Who in the World Supports Free Speech?”

India’s Ranking & Score:

• Rank: 24th out of 33 countries.
• Score: 62.6 (between South Africa – 66.9 and Lebanon – 61.8).

Key Findings on India:

• Public Perception: Indians believe free speech has improved, but global rankings indicate a decline.
• Government Criticism: 37% of Indians believe the government should prevent criticism (highest among surveyed nations).
• Global Comparison: In the U.K. (5%) and Denmark (3%), fewer people support restricting government criticism.

Global Free Speech Rankings:

• Highest Ranked Countries:
  1. Norway – 87.9
  2. Denmark – 87.0
• Most Improved Countries:
  • Indonesia – 56.8
  • Malaysia – 55.4
  • Pakistan – 57.0

Declining Free Speech Support Globally:

• Countries with declining support for free speech include United States, Israel, and Japan.

India’s Exception in Global Trends:

• India, along with Hungary and Venezuela, has strong public support for free speech but weak legal protections.

Important Terms Explained:

• Free Speech Index: A ranking system measuring public support for free expression worldwide.
• Democratic Backsliding: The decline of democratic freedoms and rights in a country.

Tabular Summary:

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Banking and Finance – Daily Current Affairs March 19

3. Which two central banks signed an MoU to facilitate trade in local currencies?
A) RBI and Federal Reserve
B) RBI and Bank of England
C) RBI and Bank of Mauritius
D) RBI and European Central Bank
E) RBI and Bank of Japan
Answer: C) RBI and Bank of Mauritius

Event and Location:

• Event: RBI and Bank of Mauritius signed an MoU to promote trade in local currencies.
• Date: March 12, 2025.
• Location: Port Louis, Mauritius.

Signatories:

• RBI Governor: Sanjay Malhotra.
• BOM Governor: Rama Krishna Sithanen G.C.S.K..
• Witnessed By: PM Narendra Modi (India) & PM Navinchandra Ramgoolam (Mauritius).

Objectives of the MoU:

• Trade in Local Currencies: Facilitates transactions in INR and MUR for cross-border trade.
• Reduced Dependence on USD: Minimizes reliance on third-party currencies.
• Boost Financial Ties: Strengthens economic cooperation between India and Mauritius.

Scope of Transactions:

• Current Account: All bilateral trade transactions.
• Capital Account: Permissible transactions agreed upon by both nations.

Expected Benefits:

• Lower Transaction Costs: Optimized costs and faster trade settlements.
• INR-MUR Market Development: Boosts currency liquidity and trade efficiency.
• Financial Integration: Deepens economic ties between India and Mauritius.

Strategic Importance:

• Internationalization of Rupee: Aligns with India’s vision to globalize the INR.
• Indian Ocean Trade Cooperation: Enhances regional economic stability.

Important Terms Explained:

• Current Account Transactions: Trade in goods, services, and remittances between two countries.
• Capital Account Transactions: Investments, loans, and financial market transactions.
• Currency Liquidity: The ease of buying and selling a currency in financial markets.

Tabular Summary:

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4. Which bank has become the exclusive banking partner of Sunrisers Hyderabad (SRH)?
A) ICICI Bank
B) HDFC Bank
C) City Union Bank
D) Axis Bank
E) State Bank of India
Answer: C) City Union Bank

Event and Location:

• Event: City Union Bank (CUB) becomes the exclusive banking partner of Sunrisers Hyderabad (SRH).
• Date: March 19, 2025.
• Location: India.

Key Features of the Partnership:

• Exclusive Financial Services for SRH Fans:
  • Customised Savings Accounts: Designed specifically for SRH supporters.
  • Co-branded Credit Cards: SRH-themed cards with exclusive rewards and discounts.
  • Specialized Loans: Tailored benefits for SRH fans.
• Fan Benefits & Promotions:
  • Discounts on SRH merchandise, including jerseys and caps.
  • Exclusive match-day experiences and interactions with SRH players.
• Enhanced Digital Banking Services:
  • Seamless mobile banking experience for SRH fans.
  • Exclusive SRH promotions through CUB’s digital platforms.
• CUB Branding on SRH Match Days:
  • On-ground activations and fan engagement initiatives.
  • Digital branding across stadiums and online platforms.
  • Special promotions and contests for SRH supporters.
• Significance of the Collaboration:
  • Connects sports with financial services, offering unique banking solutions to cricket fans.
  • Expands CUB’s presence among IPL followers and sports enthusiasts.
  • Boosts digital banking adoption through cricket-themed financial products.
• Expected Outcomes:
  • Increased fan engagement through financial incentives.
  • Higher adoption of digital banking among cricket enthusiasts.
  • Stronger brand visibility for CUB in the sports sponsorship sector.

Important Terms Explained:

• Co-branded Credit Cards: Credit cards featuring a partnership between a financial institution and a brand (SRH in this case).
• On-ground Activations: Promotional events held at stadiums to engage with the audience.

Tabular Summary:

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5. What is the role of RBI as the “Lender of Last Resort” (LOLR)?
A) Providing loans to customers directly
B) Assisting only government banks during financial crises
C) Supplying liquidity to solvent banks facing temporary liquidity issues
D) Controlling inflation through interest rate hikes
E) Restricting withdrawals from banks to prevent panic
Answer: C) Supplying liquidity to solvent banks facing temporary liquidity issues

Event and Location:

• Event: RBI reassures IndusInd Bank depositors amid stock volatility and invokes its Lender of Last Resort (LOLR) role.
• Date: March 16, 2025.
• Location: Mumbai, India.

Key Highlights of the News:

• RBI publicly reassured depositors about IndusInd Bank’s financial stability after a stock price crash.
• An accounting error led to an estimated ₹1,500-2,000 crore loss, causing panic among investors.
• RBI urged depositors not to react to speculative reports, affirming the bank’s stable financial health.
• RBI is working closely with IndusInd’s management to resolve financial concerns before Q4FY25 results.

Instances When RBI Reassured Public on a Bank’s Stability:

• 2003: RBI clarified that ICICI Bank had sufficient liquidity after panic withdrawals.
• 2020: RBI placed Yes Bank under moratorium, assured depositors their funds were protected.
• 2025: RBI reassured IndusInd Bank depositors about the bank’s stability.

Understanding RBI’s Lender of Last Resort (LOLR) Role:

• RBI can supply liquidity to a bank that is solvent but facing temporary cash shortages.
• The facility ensures depositors’ confidence and prevents financial panic.
• IndusInd Bank’s case shows RBI’s role in stabilizing financial markets and preventing bank runs.

Banking Terms Explained:

• Lender of Last Resort (LOLR): Central bank’s function of providing emergency liquidity to solvent banks in crisis.
• Moratorium: A temporary restriction on withdrawals to stabilize a bank’s liquidity.
• Provision Coverage Ratio (PCR): Measures a bank’s ability to cover bad loans with provisions.

Tabular Summary:

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6. What is the projected market value of the neo-banking sector by 2026?
A) $150 billion
B) $250 billion
C) $395 billion
D) $500 billion
E) $600 billion
Answer: C) $395 billion

Event and Location:

• Event: Neo banks and mid-sized banks expand Global Capability Centres (GCCs) in India.
• Date: March 17, 2025.
• Location: India.

Key Highlights:

• Neo banks and mid-sized banks are increasingly establishing Global Capability Centres (GCCs) in India.
• Neo banks operate entirely online without physical branches.
• The neo-banking market is expected to reach $395 billion by 2026, up from $19 billion in 2018.
• GCCs now account for 37% of office space leasing in India’s top 7 cities.

Major GCC Expansion in India:

• Bengaluru: 24 million sq. ft. leased (46% of total).
• Hyderabad: 10 million sq. ft. leased (19% of total).
• Other Cities: Pune, Chennai, and other metros witnessing rapid GCC expansion.

Growth in India’s BFSI GCC Market:

• 52.88 million sq. ft. of office space leased by GCCs in 2023-24.
• India emerging as a global hub for financial services outsourcing and digital banking.

Strategic Importance:

• Enhances India’s role in global banking and financial innovation.
• Creates new job opportunities in digital banking and fintech.
• Increases foreign investment in India’s BFSI sector.

Important Terms Explained:

• Neo Banks: Fully digital banks without physical branches, offering tech-driven financial services.
• Global Capability Centres (GCCs): Offshore units of multinational banks and financial institutions, handling back-office and IT operations.
• BFSI: Banking, Financial Services, and Insurance—a key sector driving India’s economy.

Tabular Summary:

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Business and Economy – Daily Current Affairs March 19

7. According to India Ratings, what is the expected gap between credit and deposit growth in FY26?
A) 150 basis points
B) 300 basis points
C) 80 basis points
D) 500 basis points
E) 200 basis points
Answer: C) 80 basis points

Event and Location:

• Event: Credit-deposit growth gap in banking sector expected to decline sharply in FY26.
• Date: March 16, 2025.
• Location: India.

Key Highlights:

• Expected Credit-Deposit Growth Gap: To decline to 80 basis points (bps) in FY26 from 386 bps (FY22-Q3FY25 average).
• Loan-Deposit Ratio (LDR) Moderation: Dropped to 85% in Feb 2025 from 117-118% in Feb 2024.
• Loan Growth Decline:
  • YoY loan growth: Dropped to 11% (Feb 2025) from 20.5% (Feb 2024).
• Deposit Growth Decline:
  • YoY deposit growth: Slowed to 10.3% (Feb 2025) from 13.1% (Feb 2024).

LDR Performance by Bank Type:

• Private Sector Banks:
  • Deposit Growth: 13.9% (YoY) in 9MFY25.
  • Loan Growth: 9.3% (YoY) in 9MFY25.
  • Incremental LDR: Dropped to 63.3% (vs 118.5% in FY24).
• Public Sector Banks (PSBs):
  • Deposit Growth: Below 10% YoY across FY25 quarters.
  • LDR: 98.8% in 9MFY25 (vs 103% in FY24).

RBI’s Concern on Credit-Deposit Imbalance:

• Former RBI Governor Shaktikanta Das (June 2024) advised banks to revise business strategies due to the credit-deposit growth gap.
• Key risks flagged: Liquidity, repricing, and rollover risks.

Impact on Banking Sector:

• Public sector banks (PSBs) must increase deposits to sustain loan growth.
• Private sector banks showing strong deposit growth despite liquidity constraints.

Important Terms Explained:

• Loan-Deposit Ratio (LDR): Measures how much of a bank’s deposits are used for lending.
• Basis Points (bps): A unit measuring interest rate changes (1 bps = 0.01%).
• Liquidity Risk: The risk of banks facing a shortfall in available funds.

Tabular Summary:

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Appointments – Daily Current Affairs March 19

8. Who has been named the ‘Fit India Icon’ by Union Sports Minister Mansukh Mandaviya?
A) Akshay Kumar
B) Ayushmann Khurrana
C) Ranveer Singh
D) Virat Kohli
E) Hrithik Roshan
Answer: B) Ayushmann Khurrana

Event and Location:

• Event: Ayushmann Khurrana named ‘Fit India Icon’ by Union Sports Minister Mansukh Mandaviya.
• Date: March 19, 2025.
• Location: New Delhi.

Fit India Movement:

• Launch: The initiative was launched by PM Narendra Modi on August 29, 2019.
• Objective: Encourages citizens to adopt a healthy lifestyle and regular physical activity.

Ayushmann Khurrana’s Role:

• Promotion: As Fit India Icon, he will spread awareness about fitness and mental well-being.
• Target Audience: He aims to inspire youth to adopt an active lifestyle.

Important Terms Explained:

• Fit India Movement: A national fitness campaign promoting health awareness and an active lifestyle.
• Fit India Icon: A title given to influential figures to promote the movement.

Tabular Summary:

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9. Which company has signed Jasprit Bumrah as its brand ambassador to promote cricket footwear?
A) Adidas
B) Puma
C) Skechers
D) Nike
E) Reebok
Answer: C) Skechers

Event and Location:

• Event: Jasprit Bumrah joins Skechers as a brand ambassador to promote its cricket footwear.
• Date: March 19, 2025.
• Location: India.

Skechers’ Expansion in Cricket:

• Player Signings: Skechers has also signed Ishan Kishan and Yastika Bhatia.
• IPL Sponsorship: Official kit sponsor of Mumbai Indians.

Jasprit Bumrah’s Achievements:

• International Wickets: Over 400 wickets (achieved in 2024).
• No.1 Bowler: First bowler ranked No.1 in all three formats.
• World Cup 2024: Player of the Series in India’s victory.
• Historic Feats: First Asian bowler with five-wicket hauls in South Africa, England, and Australia in a single year (2018).
• Awards: BCCI Polly Umrigar Award (2018-19, 2021-22), ICC Sir Garfield Sobers Award (2024).
• IPL Success: Key player in Mumbai Indians’ five IPL title wins.

Skechers Cricket Footwear:

• Skechers Cricket Elite (11 Metal Spikes): Designed for maximum traction and stability, ideal for fast bowlers.
• Skechers Cricket Blade (7 Metal Spikes): Balanced grip and agility, preferred by batters and all-rounders.

Skechers’ Global Sports Presence:

• Football: Harry Kane, Isco Alarcón, Sunil Chhetri (Indian Football).
• Basketball: Joel Embiid, Julius Randle.
• Golf: Matt Fitzpatrick, Brooke Henderson.
• Baseball: Clayton Kershaw, Aaron Nola.
• Pickleball: Tyson McGuffin, Catherine Parenteau.

Important Terms Explained:

• Skechers Cricket Elite: Footwear with 11 metal spikes designed for fast bowlers.
• Skechers Cricket Blade: Footwear with 7 metal spikes for batters and all-rounders.

Tabular Summary:

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10. Who has been reappointed as the Managing Director and CEO of Bajaj Auto?
A) Sanjiv Bajaj
B) Rahul Bajaj
C) Rajiv Bajaj
D) Abhinav Bindra
E) Niraj Bajaj
Answer: C) Rajiv Bajaj

Event and Location:

• Event: Bajaj Auto reappoints Rajiv Bajaj as MD & CEO and invests ₹1,500 crore in Bajaj Auto Credit Ltd (BACL).
• Date: March 19, 2025.
• Location: India.

Rajiv Bajaj’s Reappointment:

• New Term: Five-year extension from April 1, 2025 – March 31, 2030.
• Board Decision: Approved by Bajaj Auto’s Board, pending shareholder approval.
• Leadership Tenure: Rajiv Bajaj has led Bajaj Auto since 2005, driving global expansion.

₹1,500 Crore Investment in Bajaj Auto Credit Ltd (BACL):

• Capital Deployment: Funds to be infused in instalments as equity capital, preference capital, or subordinated debt.
• Purpose: Supports capital adequacy, regulatory compliance, and financial stability of BACL.

BACL Financial Performance (as of December 31, 2024):

• Assets Under Management (AUM): ₹7,048 crore.
• Turnover (FY 2023-24): ₹16.65 crore.
• Net Worth: ₹258.23 crore.

Reappointment of Abhinav Bindra:

• New Term: Five-year tenure as non-executive independent director from May 20, 2025.
• Approval: Subject to shareholder consent.

Important Terms Explained:

• Bajaj Auto Credit Ltd (BACL): Wholly owned subsidiary of Bajaj Auto, established in December 2021.
• Subordinated Debt: A type of loan or security ranked below other loans for repayment in case of default.
• Capital Adequacy: A measure of a financial institution’s capital to ensure stability and regulatory compliance.

Tabular Summary:

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11. Who will chair the Inter-Ministerial-Industry Committee on Fintech (IMICF)?
A) RBI Governor
B) SEBI Chairman
C) Finance Minister
D) Secretary, Department of Financial Services
E) NITI Aayog Vice-Chairman
Answer: D) Secretary, Department of Financial Services

Event and Location:

• Event: Government establishes a fintech panel to address regulatory challenges and formulate a growth strategy.
• Date: March 19, 2025.
• Location: India.

Committee Name:

• Inter-Ministerial-Industry Committee on Fintech (IMICF).

Committee Composition:

• Chairperson: Secretary, Department of Financial Services (DFS).
• Government Members: MeitY, DPIIT, Department of Economic Affairs, NITI Aayog.
• Regulatory Representatives: Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI).

Industry Experts on the Panel:

• Ajay Kaushal (Co-founder, BillDesk).
• Jitendra Gupta (Founder, Jupiter).
• Varun Dua (CEO, Acko).
• Lalit Keshre (CEO, Groww).
• Vishnu Pillai (Partner & Head of FS Tech, KPMG).
• Ashish Garg (MD & Senior Partner, McKinsey).

Objectives of the Committee:

• Regulatory Assessment: Identify challenges in fintech regulation.
• Sectoral Growth: Analyze fintech’s impact on the banking and financial services industry (BFSI).
• Policy Recommendations: Draft the “Fintech Vision Strategy” for long-term sector growth.
• Global Best Practices: Review international fintech governance models.

Report Submission Timeline:

• The committee will submit its report within three months of its first meeting.

Important Terms Explained:

• Fintech: Technology-driven financial services like digital payments, lending, and investments.
• Department of Financial Services (DFS): Regulates the banking, insurance, and financial sector in India.
• Fintech Vision Strategy: A proposed roadmap for fintech policy and regulatory improvements.

Tabular Summary:

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12. Who has been appointed as the Goodwill Ambassador of VISION 2020 India to combat avoidable blindness?
A) Sunil Gavaskar
B) Anil Kumble
C) Krishnamachari Srikkanth
D) Kapil Dev
E) Rahul Dravid
Answer: C) Krishnamachari Srikkanth

Event and Location:

• Event: Krishnamachari Srikkanth appointed as the Goodwill Ambassador of VISION 2020 India to combat avoidable blindness.
• Date: March 19, 2025.
• Location: Chennai, India.

About VISION 2020 India:

• Initiative: VISION 2020: The Right to Sight-India, aimed at eliminating avoidable blindness.
• Key Partner: Sankara Nethralaya, a leading eye care institution.

Blindness in India – The Growing Concern:

• Blind Population: 4.8 million individuals in India suffer from blindness.
• Visual Impairment Cases: Over 70 million people affected.
• Preventable Blindness: More than 80% of cases are treatable with early intervention.

Major Causes of Avoidable Blindness:

• Cataracts – The leading cause, especially among the elderly.
• Uncorrected refractive errors – Lack of access to vision correction.
• Glaucoma – Often undetected until irreversible damage occurs.
• Diabetic Retinopathy – Increasing due to the rise in diabetes cases.
• Vitamin A Deficiency – A major cause of childhood blindness.

Krishnamachari Srikkanth’s Role as Goodwill Ambassador:

• Raise awareness through media, events, and digital platforms.
• Encourage early eye check-ups to prevent vision loss.
• Support free eye care programs for underserved communities.
• Promote education on eye health, particularly among children and senior citizens.

Contributions of Sankara Nethralaya & VISION 2020 India:

• Free eye check-ups and vision correction services for the underprivileged.
• Cataract surgeries and treatment programs.
• Community education programs on preventive eye care.

Key Personalities at the Event:

• T.S. Surendran, Chairman of Sankara Nethralaya.
• Rajesh Saini, President of VISION 2020 India.

Important Terms Explained:

• Avoidable Blindness: Blindness that can be prevented or treated with timely medical care.
• Cataract Surgery: A procedure to remove clouded lenses and restore vision.
• Diabetic Retinopathy: A diabetes-related eye disease causing vision impairment.

Tabular Summary:

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Science and Technology – Daily Current Affairs March 19

13. What was the primary reason NASA astronauts Butch Wilmore and Sunita Williams stayed in space for over nine months instead of the planned 10 days?
A) Additional scientific experiments requested by NASA
B) International Space Station (ISS) operational delays
C) Malfunctions in the Boeing Starliner spacecraft
D) Changes in NASA’s astronaut rotation policy
E) Solar storm interference affecting spacecraft communication
Answer: C) Malfunctions in the Boeing Starliner spacecraft

Event and Location:

• Event: NASA astronauts Butch Wilmore and Sunita Williams returned to Earth after a nine-month delay due to technical issues with Boeing’s Starliner spacecraft.
• Date: March 18, 2025 (March 19 in India).
• Location: Gulf of Mexico, near Tallahassee, Florida.

Mission Overview:

• Objective: NASA’s Crew Flight Test (CFT) aimed to test Boeing’s Starliner spacecraft for future astronaut transport.
• Planned Duration: Initially scheduled for 10 days, but extended due to technical failures.

Starliner’s Technical Issues:

• Thruster Malfunctions: June 6, 2024, Starliner’s thrusters failed, delaying ISS docking.
• Helium Leaks: June 18, 2024, NASA postponed Starliner’s return to address leaks.
• Safety Concerns: August 24, 2024, NASA decided Starliner would return without astronauts.

Return via SpaceX Crew Dragon:

• NASA’s Decision: August 30, 2024, NASA reserved two seats on Crew-9’s SpaceX Dragon.
• ISS Command Change: September 22, 2024, Sunita Williams became ISS Commander.
• Final Return: March 18, 2025, Crew-9’s Dragon capsule Freedom safely splashed down in the Gulf of Mexico.

Key Activities During Extended Stay:

• Health Check: November 12, 2024, Williams confirmed fitness despite extended microgravity exposure.
• Spacewalk Record: January 30, 2025, Williams set a record for the most cumulative EVA time by a female astronaut.
• Crew-10 Launch: February 11, 2025, NASA fast-tracked Crew-10’s launch to facilitate Crew-9’s return.

Post-Landing Procedures:

• Medical Evaluations: NASA conducted muscle and bone density tests.
• Rehabilitation: Astronauts underwent physiotherapy to restore strength.
• Debriefing: NASA gathered insights on Starliner’s performance.
• Public Appearances: Astronauts shared their experiences with the media.

Important Terms Explained:

• Boeing Starliner: A NASA Commercial Crew Program spacecraft, but faced multiple failures.
• SpaceX Crew Dragon: A reliable spacecraft used for astronaut transport.
• EVA (Extra-Vehicular Activity): Williams set a record for the most cumulative EVA time by a female astronaut.

Tabular Summary:

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Defence – Daily Current Affairs March 19

14. What is the primary objective of the VARUNA 2025 naval exercise between India and France?
A) Conducting rescue operations in deep-sea regions
B) Strengthening maritime cooperation and operational synergy
C) Training naval forces for coastal defense operations
D) Testing new naval missile systems
E) Conducting humanitarian relief exercises
Answer: B) Strengthening maritime cooperation and operational synergy

Event and Location:

• Event: 23rd edition of the India-France naval exercise VARUNA 2025.
• Date: March 19–22, 2025.
• Location: Maritime region.

Objective:

• Strengthening maritime cooperation, enhancing naval interoperability, and improving coordination in air defence, anti-submarine warfare, and surface combat.

Naval Assets Involved:

• Indian Assets: Aircraft carrier INS Vikrant, MiG-29K fighter jets, destroyers, frigates, and a Scorpene-class submarine.
• French Assets: Aircraft carrier Charles de Gaulle, Rafale-M fighter jets, and other naval vessels.

Major Exercises & Drills:

• Air Defence & Fighter Exercises: Simulated air combat between MiG-29K and Rafale-M.
• Anti-Submarine Warfare: Training for underwater threat detection.
• Surface Warfare: Fleet manoeuvres and combat simulations.
• Replenishment-at-Sea: Logistics and refueling operations.

Significance:

• Naval Interoperability: Strengthens coordination between Indian and French navies.
• Maritime Security: Enhances best practices in maritime operations.
• Indo-Pacific Stability: Reinforces commitment to a free and open maritime environment.

Important Terms Explained:

• VARUNA Exercise: A bilateral naval drill between India and France, conducted annually since 2001.
• Scorpene-class Submarine: Indian Navy’s advanced stealth submarine developed with French assistance.
• Replenishment-at-Sea: A naval operation that allows warships to refuel and resupply without returning to port.

Tabular Summary:

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International Affairs – Daily Current Affairs March 19

15. After how many years are India and New Zealand resuming talks on the Free Trade Agreement (FTA)?
A) 5 years
B) 8 years
C) 10 years
D) 12 years
E) 15 years
Answer: C) 10 years

Event and Location:

• Event: India and New Zealand resume Free Trade Agreement (FTA) negotiations after a decade.
• Date: March 17, 2025.
• Location: New Delhi, India.

Key Highlights:

• Announcement By: Prime Minister Narendra Modi after discussions with New Zealand PM Christopher Luxon.
• Reason for Delay: Talks stalled in 2015 due to disagreements on dairy and agriculture.
• Previous Negotiations:
  • India and New Zealand began talks on a Comprehensive Economic Cooperation Agreement (CECA) in April 2010.
  • The 9th round of negotiations took place in 2013.

FTA Objectives:

• Achieve balanced trade outcomes.
• Enhance supply chain integration.
• Improve market access for both nations.

Bilateral Meeting & Ministerial Talks:

• Meeting between Commerce Minister Piyush Goyal and New Zealand’s Trade & Investment Minister Todd McClay.

• Strengthening trade, investment, and economic cooperation.

Strategic Importance of the FTA:

• Strengthens India-New Zealand economic ties.
• Opens new trade opportunities in goods and services.
• Enhances supply chain integration across industries.

Important Terms Explained:

• Free Trade Agreement (FTA): A pact between countries to reduce or eliminate trade barriers like tariffs and import duties.
• Comprehensive Economic Cooperation Agreement (CECA): A broader form of FTA that includes trade in goods, services, and investment.

Tabular Summary:

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16. Who is the Chief Guest for the 10th edition of the Raisina Dialogue 2025?
A) Joe Biden
B) Rishi Sunak
C) Christopher Luxon
D) Emmanuel Macron
E) Olaf Scholz
Answer: C) Christopher Luxon

Event and Location:

• Event: 10th Raisina Dialogue 2025 – India’s premier geopolitical conference.
• Date: March 17-19, 2025.
• Location: New Delhi, India.

Key Highlights:

• Inaugurated By: Prime Minister Narendra Modi on March 17, 2025.
• Chief Guest: Christopher Luxon, Prime Minister of New Zealand.
• Participants: 125+ countries, including Ministers, Former Heads of State, Military Commanders, Industry Leaders, and Academics.
• Total Attendees: Over 3500 participants in-person; millions will watch online.

Theme of Raisina Dialogue 2025:

• “Kālachakra – People, Peace, and Planet.”

Six Thematic Pillars:

1. Politics Interrupted: Shifting Sands and Rising Tides.
2. Resolving the Green Trilemma: Who, Where, & How.
3. Digital Planet: Agents, Agencies, and Absences.
4. Militant Mercantilism: Trade, Supply Chains & Exchange Rate Addiction.
5. The Tiger’s Tale: Rewriting Development with a New Plan.
6. Investing in Peace: Drivers, Institutions, & Leadership.

Strategic Importance:

• Strengthens India’s leadership in global geopolitics.
• Brings together world leaders for discussions on global challenges.
• Focuses on peace, sustainable development, and digital transformation.

Important Terms Explained:

• Raisina Dialogue: India’s annual flagship conference on geopolitics and geo-economics, organized by the Observer Research Foundation (ORF) in partnership with the Ministry of External Affairs.
• Kālachakra: Refers to the “Wheel of Time,” symbolizing cycles of change and progress.

Tabular Summary:

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National Affairs – Daily Current Affairs March 19

17. Which organization has partnered with UIDAI to enhance Aadhaar services with AI-powered solutions?
A) Infosys
B) TCS
C) Sarvam AI
D) Google AI
E) Wipro
Answer: C) Sarvam AI

Event and Location:

• Event: UIDAI partners with Sarvam AI to enhance Aadhaar services with AI-powered solutions.
• Date: March 18, 2025.
• Location: Bengaluru, India.

Partnership Objective:

• Enhancing Aadhaar services with AI-driven solutions to improve user experience, security, and accessibility.

AI-Powered Features:

• Voice Interactions: Provides real-time feedback and detects overcharging during Aadhaar enrollment and updates.
• Real-Time Fraud Detection: AI-driven alerts for suspicious authentication requests to prevent misuse.
• Multilingual Support: Supports 10 languages, including Hindi, English, Tamil, Telugu, and more.

Security Measures:

• Data Protection: AI solution hosted within UIDAI’s air-gapped infrastructure, ensuring data privacy.
• Data Sovereignty: No Aadhaar data leaves UIDAI’s secure environment.

Collaboration Framework:

• Development Model: Developed under UIDAI’s volunteer policy, involving industry experts.
• Solution Ownership: UIDAI retains full control over the AI solution.
• Agreement Duration: Initially for one year, extendable by another year.

Important Terms Explained:

• Generative AI (GenAI): AI that can generate text, speech, or images, improving user interaction.
• Air-Gapped Infrastructure: A highly secure system where sensitive data remains isolated from external networks.

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18. Where is India’s first PPP green waste processing plant being established?
A) Mumbai
B) Bengaluru
C) Indore
D) Hyderabad
E) Chennai
Answer: C) Indore

Event and Location:

• Event: India’s first green waste processing plant under the PPP model launched in Indore.
• Date: March 18, 2025.
• Location: Bicholi Hapsi, Indore.

Project Overview:

• Mission: Part of the Swachh Bharat Mission-Urban to promote sustainable waste management.
• Execution Model: Public-Private Partnership (PPP) with Astronomical Industries Pvt. Ltd.
• Land Area: 55,000 square feet.

Green Waste Processing and Revenue Model:

• Daily Waste Processed: 30 tons, rising to 60-70 tons during autumn.
• Revenue Generation: IMC earns Rs 3,000 per tonne from wood waste supply.
• Final Products: Wooden pellets as an alternative to coal, eco-friendly packaging, compost, and furniture material.

Waste Transformation Process:

• Drying Process: Green waste is dried for 3-4 months, reducing moisture by 90%.
• Processing: Dried waste is converted into fine sawdust, used for eco-friendly applications.

Applications of Sawdust & Wooden Pellets:

• Eco-Friendly Fuel: Alternative to coal for industries like NTPC.
• Biodegradable Packaging: Reduces plastic waste.
• Furniture Manufacturing: Used in making composite materials.
• Fertilizers: Enhances soil quality.

IMC and Private Firm Responsibilities:

• IMC: Provides land, transports green waste.
• Private Firm: Installs and operates the plant, ensures infrastructure development.

Additional Waste Processing Facilities:

• Meghdoot & Sub-Grade Plants: Located in Sirpur, processing garden waste.
• Municipal Composting Pits: Convert green waste into compost.

Environmental and Economic Benefits:

• Air Quality Improvement: Reduces pollution and Air Quality Index (AQI) levels.
• Revenue Generation: IMC earns through waste processing.
• Sustainable Energy: Provides an alternative to coal.
• Pollution Control: Prevents waste burning, promotes a cleaner environment.

Important Terms Explained:

• Public-Private Partnership (PPP): A collaboration between the government and private firms for infrastructure projects.
• Wooden Pellets: Compressed biomass fuel used as a renewable energy source.
• Circular Economy: Recycling and reusing waste to create sustainable products.

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19. Which initiative has been launched by the Union Ministry of Information & Broadcasting to support media and entertainment startups?
A) Startup India M&E
B) WAVEX 2025
C) Digital India Media Hub
D) Entertainment Tech Mission
E) Innovate India Fund
Answer: B) WAVEX 2025

Event and Location:

• Event: WAVEX 2025 launched to support media and entertainment startups.
• Date: May 1-4, 2025.
• Location: Jio World Convention Centre, Mumbai.

Organizers:

• Launched By: Union Ministry of Information & Broadcasting (MIB).
• Collaboration: Internet and Mobile Association of India (IAMAI).

Objective:

• Startup Support: Funding, mentorship, and networking for media & entertainment (M&E) startups.
• Investment Opportunities: Venture capitalists and celebrity angel investors.
• National Exposure: Televised pitching sessions for startups.

Key Focus Areas:

• Gaming & Animation: Encouraging gaming startups and animation studios.
• Extended Reality (XR) & Metaverse: Innovations in virtual reality and immersive content.
• Generative AI & Digital Media: AI-driven content creation and emerging entertainment technologies.

Investment & Funding Opportunities:

• Pitching Sessions: Two-stage investment process with venture capitalists and industry leaders.
• Mentorship: Structured mentorship programs with industry experts.
• Business Collaborations: Partnerships with leading media and tech firms.

Strategic Impact:

• Global Recognition: Positions India as a media-tech hub.
• Innovation Boost: Strengthens AI-driven content and entertainment technologies.

Important Terms Explained:

• Extended Reality (XR): A mix of virtual, augmented, and mixed reality.
• Generative AI: AI-driven content creation technology.
• Celebrity Angel Investors: High-profile investors from the entertainment industry.

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20. What is the primary objective of the Delhi Police’s ‘Shishtachar’ squad?
A) Reducing cybercrime
B) Preventing eve-teasing and harassment in public spaces
C) Monitoring traffic violations
D) Controlling unauthorized street vendors
E) Investigating financial fraud
Answer: B) Preventing eve-teasing and harassment in public spaces

Event and Location:

• Event: Delhi Police launches ‘Shishtachar’ squad to combat eve-teasing and harassment.
• Date: March 19, 2025.
• Location: Delhi.

Objective:

• Women’s Safety: Strengthening security in public spaces through patrolling and surveillance.
• Intervention & Assistance: Preventing harassment and supporting victims.

Supervision & Squad Composition:

• Supervising Authority: ACP of the Crime Against Women (CAW) cell in each district.
• Team Members: 1 Inspector, 1 Sub-Inspector, 4 Female Officers, 5 Male Officers, 1 Technical Staff (for surveillance).

Operations & Patrolling:

• Regular Patrolling: Squads will conduct daily patrols and targeted operations in high-risk areas.
• Surprise Inspections: Conducted in public transport with DTC staff to encourage reporting.
• Covert Monitoring: Plain-clothed female officers will identify offenders.

Identification of Vulnerable Areas:

• Hotspot Mapping: District DCPs will compile a list of sensitive areas for focused action.
• Coordination: The list will be shared with the Special Police Unit for Women and Children (SPUWAC).

Comparison with Uttar Pradesh’s ‘Anti-Romeo Squad’:

• Focus: Both initiatives target women’s safety, but ‘Shishtachar’ squad also focuses on victim assistance and public outreach.

Important Terms Explained:

• Eve-Teasing: Street harassment or public harassment of women.
• Special Police Unit for Women and Children (SPUWAC): A division under Delhi Police addressing crimes against women.

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21. Which state government has signed an MoU with the Bill & Melinda Gates Foundation for AI and development initiatives?
A) Karnataka
B) Maharashtra
C) Andhra Pradesh
D) Gujarat
E) Tamil Nadu
Answer: C) Andhra Pradesh

Event and Location:

• Event: Andhra Pradesh signs an MoU with the Gates Foundation for AI-driven governance and development.
• Date: March 19, 2025.
• Location: New Delhi.

Who is Involved?

• Chief Minister: N. Chandrababu Naidu.
• Gates Foundation Representative: Bill Gates, Founder.

Key Focus Areas:

• AI in Healthcare: AI-powered health data systems, telemedicine, and affordable diagnostics.
• AI in Education: AI-driven EdTech tools, digital learning platforms, and a national education summit.
• AI in Agriculture: Precision farming with satellite data, AI-based farmer advisories, and transparent subsidy distribution.
• AI in Governance: Centralized data integration, AI-powered public services, and predictive policy analytics.
• AI for Employment: AI-driven job creation, workforce training, and economic growth strategies.

Significance of the Partnership:

• Boosts AI-based governance and public service efficiency.
• Enhances healthcare, education, and agriculture accessibility.
• Strengthens Andhra Pradesh’s role as a leader in AI adoption.
• Supports India’s vision of Digital India and Atmanirbhar Bharat.

Expected Outcomes:

• Improved efficiency in public service delivery.
• Enhanced healthcare access through AI solutions.
• Increased agricultural productivity with AI-driven advisories.
• Greater economic growth through AI-powered job creation.

Important Terms Explained:

• Artificial Intelligence (AI): Machine learning and automation for decision-making and data processing.
• Precision Farming: AI-based farming techniques that optimize crop yield and resource usage.
• Digital India: A government initiative promoting digital transformation across sectors.

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22. What is the total budget outlay for Telangana in 2025-26?
A) ₹2.91 lakh crore
B) ₹3.04 lakh crore
C) ₹3.50 lakh crore
D) ₹2.75 lakh crore
E) ₹3.20 lakh crore
Answer: B) ₹3.04 lakh crore

Event and Location:

• Event: Telangana presents its highest-ever ₹3.04 lakh crore budget for 2025-26.
• Date: March 19, 2025.
• Location: Telangana.
• Presented By: Finance Minister & Deputy CM: Mallu Bhatti Vikramarka.

Budget Overview:

• Total Budget: ₹3.04 lakh crore (5% increase from last year).
• Revenue Expenditure: ₹2.26 lakh crore.
• Capital Expenditure: ₹36,504 crore.
• Fiscal Deficit: ₹54,009 crore.
• Primary Deficit: ₹34,640 crore.

Major Sectoral Allocations:

• Agriculture: ₹24,439 crore.
• Panchayat Raj & Rural Development: ₹31,605 crore.
• Education: ₹23,108 crore.
• BC Welfare: ₹11,405 crore.
• SC Welfare: ₹40,232 crore.
• ST Welfare: ₹17,169 crore.

Six Guarantees – ₹56,084 Crore Allocated:

1. Rythu Bharosa (Farmer Support): ₹18,000 crore.
2. Cheyutha (Livelihood & Skill Development): ₹14,861 crore.
3. Indiramma Housing (Affordable Housing): ₹12,571 crore.
4. Mahalakshmi Scheme (Free Bus Travel for Women): ₹4,305 crore.
5. Rajiv Yuva Vikasam (Youth Development): ₹6,000 crore.
6. Scholarships/Stipends for Students: ₹4,452 crore.

Revenue Receipts & Borrowings:

• Revenue Receipts: ₹2.29 lakh crore.
• State Taxes & Duties: ₹1.45 lakh crore.
• Debt Servicing: ₹19,370 crore.
• Total Borrowings: ₹70,000 crore, including ₹64,539 crore from open market.

Energy Sector – ₹21,221 Crore Allocation:

• Completion of Yadadri Thermal Power Plant.
• Launch of Electricity Ambulance Service.

Economic Growth Performance:

• GSDP (2025-26): ₹16.12 lakh crore.
• Growth Rate: 10.1% (higher than previous year’s 9.9%).
• Per Capita Income: ₹3.79 lakh (1.8x higher than the national average of ₹2.05 lakh).
• Sector-Wise GSDP Contribution:
  • Services Sector: 66.3%.
  • Agriculture & Allied Sectors: 17.3%.
  • Industrial Sector: 16.4%.

Important Terms Explained:

• Fiscal Deficit: The gap between the government’s total expenditure and revenue.
• Primary Deficit: Fiscal deficit minus interest payments.
• Rythu Bharosa: Farmer support scheme providing financial aid.
• Electricity Ambulance Service: New service to provide faster power supply solutions.

Tabular Summary:

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Over All Review

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