Current Affairs 3 March 2022

We are here for you to provide the important Recent and Latest Current Affairs  3  March 2022, which have unique updates of Latest Current Affairs 2022 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

India slips 3 spots to 120 on 17 SDG Goals: DTE’s 9th State of India’s Environment Report 2022

i.On March 1, 2022, Union Minister Bhupender Yadav, Ministry of Environment, Forest and Climate Change (MoEF&CC) released the 9th edition of Down To Earth’s annual ‘State of India’s Environment Report 2022’ at the 4-day long Anil Agarwal Dialogue (AAD) organised by Centre for Science and Environment (CSE) at CSE’s state-of-the-art residential environmental training facility, the Anil Agarwal Environment Training Institute (AAETI), in Nimli, Alwar district, Rajasthan. 
ii.As per the report, India has slipped three spots to 120 from 117 in 2021 on the 17 Sustainable Development Goals (SDGs) adopted as a part of the 2030 agenda by 192 United Nations member states in 2015. Click here to read about Agreement on SDGs 
iii.India’s overall SDG score was 66 out of 100.
About Centre for Science and Environment (CSE):
Founder– Anil Agarwal
Director General– Sunita Narain 
Headquarter– New Delhi, Delhi
>> Read Full News

Telangana tops country in terms of Per Capita Net State Domestic Product at Current PricesTelangana became the top performing state in India with a population over one crore in terms of growth rate of Per Capita Net State Domestic Product at Current Prices by Ministry of Statistics and Programme Implementation (MoSPI).

•  It succeeded other states like Maharashtra, Karnataka and Tamil Nadu.

Highlights: 
i.The Gross State Domestic Price (GSDP) of  Telangana increased from Rs 359434 crores in 2011-12 to Rs 1,154,860 crores in 2021-22. 

• It recorded GSDP growth by 31.12 per cent from 2011-12. It is one of the highest growth rates for any state in the country.

ii.In terms of the percentage growth in GSDP, Telangana has shown the most rapid increase in its growth rate by around 17% from 2020 to the present.
iii.Telangana provided more impetus to policies to transform the agricultural sector and simultaneously boost the growth for the IT (Information Technology) and the pharma sectors.

• Major projects including Rythu Bandhu scheme for farmers, world’s largest lift irrigation Kaleshwaram project  to provide water to the fields and Arogya Laxmi scheme for  pregnant and lactating women.

About Telangana:
Chief Minister- K Chandrashekar Rao
Rivers- Bhima River, Tungabhadra river 

Appscale Academy: Google & MeitY Partners to Help 100 Indian Startups to Build High-quality Global Apps & Games

Google and MeitY Startup Hub an initiative of the Ministry of Electronics and Information Technology (MeitY) have announced to form a group of 100 Indian early to mid-stage startups to support these startups to build high-quality global apps and games as part of the Appscale Academy.

• Appscale Academy identifies and supports promising Indian startups and helps them grow into successful global businesses. 
• As part of the 6-month program, 100 startups will be trained through a customised curriculum designed to help them drive high-quality apps for a global market.

Objective: 
To empower early to mid-stage startups with the right knowledge and mentorship to drive app and game innovations for the world.
About the cohort: 
i.The main sectors of the cohort include education, health, finance, social, e-commerce, and gaming.
ii.This also includes the startups supporting core communities in India through creative apps across agriculture, Business-to-Business (B2B), parenting, and more. 
iii.Around 35% of the cohort are from Tier 2 and Tier 3 cities like Surat, Vadodara, Kanpur, Lucknow, Meerut, Morbi and 58% of the cohort have women in leadership roles. 
Appscale Academy class of 2022 
Key Points:
i.As a part of the 6-month program, the startups will be trained through a customised curriculum designed which will support them to drive high-quality apps for a global market. 
ii.The program will cover 6 topics: App Quality, App Design, Growth, Go Global, Google Play Policy and Data Safety Best Practices.
iii.This includes sessions on UX design, business model and monetization strategies, international expansion best practices, and data safety and security practices.
iv.Under this programme, the startups will get access to virtual instructor-led webinars, self-learning material, and mentorship sessions with leading local and global industry professionals. 
Appscale Academy:
Appscale Academy is a growth and development program by the MeitY Startup Hub and Google Play to help startups across India build high-quality apps for the world. 
Goal: To identify and support promising Indian startups, and help them grow into successful global businesses.
About MeitY Startup Hub:
CEO– Jeet Vijay 
Headquarters– New Delhi, Delhi

Herath Festival Celebrated in Kashmir – 28th February 2022

Herath or the ‘Night of Hara(Shiva)’, generally known as Maha Shivratri, is the main festival celebrated by the Kashmiri Pandits across Jammu and Kashmir(J&K). The festival marks the marriage anniversary of Lord Shiva and Goddess Uma(Parvathi). 
2022 Herath Festival was celebrated on 28th February 2022. 

• Herath Festival is celebrated on “Trayodashi” or the 13th day of the dark half of the month of Phalguna (Hindu calendar), between February and March. The rest of the nation celebrates the Maha Shivratri on Chaturdashi or the 14th of Phalguna.

The Kashmiri Pandits celebrate the festival by distributing walnuts as a mark of respect to the Hindu deities.

INTERNATIONAL AFFAIRS

16th Edition of The Wealth Report 2022: India ranks 3rd in billionaire population globally; US Tops

According to Knight Frank’s 16th edition of The Wealth Report 2022, the number of ultra-high-net-worth-individuals (UHNWIs) globally increased by 9.3 percent in 2021 to 6,10,569, from 5,58,828 in 2020. India ranked 3rd in billionaire population globally. United States (US) Tops with most billionaire.

• In India, the number of UHNWIs (net assets with US$ 30m or more) has grown by 11% year-on-year (YoY) in 2021, the highest percentage growth in Asia – Pacific (APAC).
• Objective of World Wealth Report 2022 – To provide an annual assessment of how wealth creation is shaping investment markets, and to highlight opportunities and risks.

The Wealth Report 2022:
i.India – India ranked 3rd in billionaire population globally in 2021with equity markets and digital adoption as the key factors driving the growth in India.
ii.Globally – Every region across the world saw an increase in the number of UHNWIs between 2020 and 2021 – Americas (+12.2%), Russia & CIS (+11.2%), Australasia (+9.8%), Middle East (+8.8%), Latin America (+7.6%), Europe (+7.4%) and Asia (+7.2%) – except for Africa, where the UHNWI population declined by 0.8%.
About Knight Frank:
Senior Partner & Group Chairman- Alistair Elliott
Managing Director (MD), Asia Pacific – Kevin Coppel
Headquarters- London, United Kingdom.
>> Read Full News

BANKING & FINANCE

Religare Broking Launches ‘Pre Apply LIC IPO’ App for Demat Account Opening

Religare Broking Limited (RBL), a full service broking house and securities firm has launched ‘Religare Pre Apply LIC IPO App’, which will be a one-stop solution for investors to open a demat account and share intent to pre-apply for the Life Insurance Corporation of India (LIC) Initial Public Offering (IPO).
Key Highlights:
i.All types of investors, including existing LIC policy holders and first-time investors can register their interest by filling up their name, email ID and mobile number. 

• All users will receive instant mobile notification, SMS, and email communication as soon as the IPO opens for the public subscription.

ii.Religare also offers exclusive welcome benefits for its app users, such as free brokerage for the first 30 days, 1 paisa brokerage across all segments, discount vouchers worth Rs 10,000 from retail partner websites and free AMC along with full-service broking benefits like research ideas and reports.

• Users can also opt for the ‘Elite’ plan for premium brokerage services.

About Demat account:
Demat account or a dematerialised account is an account that should be started by the investor in which the shares and securities are held in dematerialized form i.e. electronically without any physical papers.

• For opening a demat account, the investor must approach the Depository Participants (DPs) which could be banks, brokers or financial institutions that have been allowed to provide this service. 

IDBI Bank launches C-LMS & G-LMS for institutional clients

 IDBI Bank launched Corporate Liquidity Management Solution (C-LMS) and Government Liquidity Management Solution (G-LMS) to meet the liquidity management needs of institutional customers.

• LMS helps in  consolidating funds and managing the liquidity seamlessly within the organisation.

Highlights:
i.LMS and G-LMS provide real-time, web-based and formula driven liquidity management solutions to the customers of the bank.
ii.The solutions provide tools such as forecasts of cash position in the bank, automate the transfer of funds, online formula based liquidity management solution and others.
iii.They  will  also help the corporate customers in efficient management of liquidity and also provide a boost to  working capital management in the economy.
About IDBI Bank:
Headquarters-Mumbai, Maharashtra
MD & CEO- Rakesh Sharma 

UCO Bank Partners with Fisdom to Offer Fintech services to CustomersUCO Bank Partners with Fisdom to offer fintech services including demat account, stockbroking services, pension funds and tax filing to its customers. UCO Bank will now offer its customers a robust 3-in-1 personal banking experience with the extended product & service suite.

• The extension suite will be offered through UCO Bank’s mobile banking application UCO mBanking Plus and will gradually be accessible through its internet banking platform as well.

Highlights:
i.This new initiative helps UCO bank to provide new age digital wealth products to customers online and also helps in any financial needs.
ii.After this partnership, the customers of UCO Bank will now be able to learn about, invest in, track the performance of and redeem from a variety of instruments.
About UCO Bank:
Establishment – 1943
Headquarters – Kolkata, West Bengal
Managing Director (MD) & CEO – Soma Sankara Prasad
Tagline – Honours your Trust
About Fisdom:
Headquarters – Mumbai, Maharashtra
Co-founder and CEO – Subramanya SV

Edelweiss Housing Finance &  StanChart will offer loan against Property at low Interest rates

Edelweiss Housing Finance Limited (EHFL) and  Standard Chartered Bank signed a  strategic co-lending agreement for extending property loans to Micro Small Medium Enterprises (MSMEs). 
i.Under the partnership, EHFL will originate, process, service the loans and retain 20% of the loan on its books and remaining 80 % will be on the books of Standard Chartered Bank. 
ii.The customers will get the benefit of  cost-effective interest rates property loans and seamless credit assurance will be provided under the extended portfolio.
About Standard Chartered Bank: 
It is an indirect subsidiary of Standard Chartered PLC
Headquarters- London, United Kingdom(UK) 
Chief Executive- Bill Winters, CBE(Group Chief Executive of Standard Chartered PLC)
Edelweiss Housing Finance Limited (EHFL):
MD & CEO-Rajat Avasthi
Headquarters- Mumbai, Maharashtra

Paytm Partners with IRCTC to Offer Digital Ticketing Services Through ATVM

Paytm owned by One97 Communications Limited (OCL) expanded its partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to offer digital ticketing services to consumers through Automatic Ticket Vending Machines (ATVM) installed at railway stations across India. 

• This is the first time that Indian Railways is offering the option to pay for ticketing services digitally via Unified Payments Interface (UPI) on ATVMs to promote cashless commuting among railway passengers.
• This is in line with Paytm’s efforts to promote cashless transactions and digital payments across India. 

Key Points:
i.Under this partnership between Paytm and IRCTC, the Paytm Quick Response(QR) solution at ATVM, will allow the passengers to enable complete cashless commutes. 
ii.With the use of New QR code-based digital payment solutions has been implemented across all ATVMs at the railway stations in India.
iii.Paytm also offers the passengers the flexibility of paying various payment options like Paytm UPI, Paytm Wallet, Paytm Postpaid (Buy Now, Pay Later), Net Banking, Credit Card and Debit Card.
ATVMs:
i.The ATVMs are touch-screen based ticketing kiosks that allow the railway passengers to pay digitally and enable them to purchase unreserved train journey tickets, platform tickets, renew their seasonal tickets and recharge smart cards by scanning QR codes generated on the screens.
ii.Paytm’s latest digital payment solution for ATVM is in addition to its other railway-related services such as e-catering payments and reserved train ticket booking through its app.
About Paytm: 
MD & CEO– Vijay Shekhar Sharma
Headquarters– Noida, Uttar Pradesh.

NPCI partners with Yatra.com, & SBI Card to launch Co-branded ‘Yatra SBI Card’On 2nd march 2022 National Payments Corporation of India (NPCI) partnered with Yatra.com and SBI Cards and Payment Services Private Limited (SBICPSL) to launch a co-branded ‘Yatra SBI Card’ on the RuPay network, especially for travel enthusiasts.

• This card is a holiday-cum-shopping credit card which also comes with travel benefits on booking flights and hotels that are applicable for 6 times a year.

Benefits:
i.As a welcome onboarding gift, users of this card are entitled to Yatra.com vouchers worth Rs 8,250 which can be used to book flight tickets, hotel reservations and others from Yatra.com.

• The travellers will also get 6 reward points per Rs 100 spent on departmental stores, grocery, dining, movies, entertainment, and international travel.

ii.The card comes with a complimentary air accident cover of Rs 50 lakh.

iii.There is also an additional feature of an annual fee waiver for spending over Rs 1 lakh in a year by the customers using this card and also offers 1 percent fuel surcharge waiver to the customers.
Note – In February 2022 NPCI International Payments Limited (NIPL), the international arm of NPCI, joined hands with Gateway Payments Service (GPS) and Manam Infotech to provide the services in Nepal by which it became the 1st country to adopt India’s UPI system.
About SBI Cards and Payment Services Private Limited (SBICPSL):
SBI Card was launched by the State Bank of India (SBI) and GE Capital which was incorporated as SBI Cards and Payment Services Private Limited (SBICPSL).
Establishment – October 1998
Headquarters – Gurugram, Haryana
Managing Director (MD) & CEO – Rama Mohan Rao Amara
About yatra.com:
Establishment – 2006
Headquarters – Gurugram, Haryana
Co-Founder & CEO – Dhruv Shringi    

APPOINTMENTS & RESIGNATIONS        

LIC MF appoints TS Ramakrishnan as its MD & CEO

LIC (Life Insurance Corporation) Mutual Fund Asset Management Limited appointed TS Ramakrishnan as its Managing Director (MD) and Chief Executive Officer. 
He will succeed Dinesh Pangtey, its former Whole time Director and CEO.
i.TS Ramakrishnan joined LIC Mutual Fund AMC in  April 2021. He  has the experience of around  34 years at LIC and its subsidiaries/associate companies.
ii.He also served as the Regional Manager, Western Region at LIC Housing Finance Ltd. (LICHFL) and later promoted as the General Manager.
LIC Initial Public Offering (IPO):
In 2021,The  government of India plans to initiate the process to launch the Initial Public Offer (IPO) of Life Insurance Corporation (LIC).

• The Government  owns 100% stakes in  LIC and it will offload 5% of its stake through the IPO.

About LIC (Life Insurance Corporation) Mutual Fund Asset Management Limited :
Nominee Director-Bishnu Charan Patnaik
Headquarters- Mumbai, Maharashtra 

UpGrad ropes in Amitabh Bachchan as Its Brand Ambassador

India’s online higher education company, UpGrad, ropes in legendary actor Amitabh Bachchan as its Brand Ambassador. He will support upGrad’s brand value through endorsements and promotions of services to emphasize the importance of LifeLongLearning for progressive career growth.
Key Points:
i.Startup India Learning Program is a free online Entrepreneurship program by Startup India, a GOI initiative. Invest India in collaboration with UpGrad has developed this program. The aim is to help entrepreneurs get their ideas and ventures to the next level through structured learning.
ii.It has recently unveiled its marketing campaign #AssNahinAssetBano(don’t be an ass, be an asset) focusing the annual appraisal period in a corporate world.
About UpGrad:
CEO(India) – Arjun Mohan
Headquarter – Mumbai, Maharashtra
Established – 2015     

SCIENCE & TECHNOLOGY

NOAA’s newest Earth Observing Satellite GOES-T launched by NASA

On March 1, 2022, the National Aeronautics and Space Administration (NASA) has successfully launched the third in a series of ‘Geostationary Operational Environmental Satellites (GOES)-R’ weather satellites namely GOES-T through United Launch Alliance Atlas V 541 rocket from Space Launch Complex 41 at Cape Canaveral Space Force Station in Florida, United States (US).

• It was launched for the National Oceanic and Atmospheric Administration (NOAA).
• The first two of the GOES-R series were launched in 2016 and 2018 viz.  GOES-16 and GOES-17 respectively.

Key Points:
i.Once GOES-T is positioned in a geostationary orbit 22,300 miles above Earth, it will be renamed GOES-18.  
ii.The satellite will provide continuous coverage of weather and hazardous environmental conditions in the Western Hemisphere. 
iii.The GOES program also predicts space weather near Earth that can interfere with satellite electronics, and radio communications.
iv.NASA’s Goddard Space Flight Center in Greenbelt, Maryland, built the Magnetometer instrument for GOES-T.

SPORTS

Indian Weightlifters Bags 8 Medals At Singapore Weightlifting Championship – 2022

The Singapore Weightlifting Championship – Feb 2022 held at Toa Payoh Sports Hall. Eight Indian weightlifters secured Gold, Silver and Bronze medals and qualified for the Commonwealth Games (CWG), Birmingham 2022.
i.Singapore Weightlifting Federation organised Singapore Weightlifting Championship 2022, which began on 25 Feb, 2022 and ended on 27 Feb, 2022.
Apart from these 8 weightlifters, 4 more weightlifters have been qualified for CWG 2022, namely – Jeremy Lalrinnunga (67kg), Achinta Sheuli (73kg), Ajay Singh (81kg) and Purnima Pandey (+87kg) by winning gold medals in their respective weight categories at the Commonwealth Weightlifting Championships 2021 in December.

BOOKS & AUTHORS

Rahul Gandhi Released Autobiography of TN CM MK Stalin “Ungalil Oruvan – 1”

Rahul Gandhi, Member of Parliament(MP) of Indian National Congress(INC) released the book titled “Ungalil Oruvan -1” – One Among You, the first volume of the autobiography of MK Stalin, Chief Minister(CM) of Tamil Nadu(TN) and leader of Dravida Munnetra Kazhagam(DMK), at the event held in Chennai Trade Centre, Chennai, Tamil Nadu. 

• The book is published by Poompuhar Pathippagam.
• The book pertains to the first 23 years of Stalin’s life (till he was arrested under the Maintenance of Internal Security Act (MISA) in 1976). 
• Duraimurugan, Water Resource Minister of Tamil Nadu received the first copy of the Book. 

IMPORTANT DAYS

46th Civil Accounts Day – 2nd March 2022

The Civil Accounts Day is annually celebrated across India by the Indian Civil Accounts Service (ICAS), one of the Civil Services of India under the Department of Expenditure. 

• Union Finance Minister Nirmala Sitharaman (Chief Guest) addressed the 46th Civil Accounts Day celebration held at the Dr Ambedkar International Centre, Janpath, New Delhi, Delhi. 
• Along with ICAS, the Controller General of Accounts (CGA), under the Department of Expenditure, Ministry of Finance, the Government of India celebrated the 46th Civil Accounts Day on 2nd March 2022. 

Note: 45th Civil Accounts Day was celebrated on 1 March 2021.
Launch of E-Bill Processing System:
On the occasion of the 46th Civil Accounts Day (2nd March 2022), Union Finance Minister Nirmala Sitharaman launched a major e-governance initiative ‘the Electronic Bill (e-Bill) processing system’ as part of the ‘Ease of Doing Business (EoDB) and Digital India eco-system’ .
>> Read Full News

National Commission for Protection of Child Rights celebrates its 17th Foundation Day at Red Fort, Delhi

On March 1, 2022, the National Commission for Protection of Child Rights (NCPCR) celebrated its 17th Foundation Day at 15th August Ground at Red Fort, New Delhi (Delhi).
The chief guest of the event was Union Minister Smriti Zubin Irani, Ministry of Women and Child Development (WCD).

• She launched the new motto of NCPCR ‘भविष्यो रक्षति रक्षित:’ which encourage protecting the future i.e. our children, for in their welfare lies the foundation of a strong Nation.

Key Points:
i.During the event, she visited the exhibition based on stories of freedom fighters during their childhood. It was organised by Border Security Forces (BSF) in collaboration with NCPCR.
ii.A special initiative ‘SAHARA’ by NCPCR and BSF received compliments from WCD Minister. It is an initiative to provide psycho-social counselling & support to children of BSF jawans who made the supreme sacrifice.  

• SAHARA is an acronym for Supportive Action with Holistic Approach to build Resilience among the children of Armed Police Force Personnel. 

iii.She also interacted with the children from different States.
iv.NCPCR is a statutory body under the Commissions for Protection of Child Rights (CPCR) Act, 2005 & Commenced operation in 2007 and is under the administrative control of WCD Ministry.

• The Child is defined as a person in the 0 to 18 years age group.

Other Participants:
Priyank Kanoongo, Chairperson of NCPCR; and Indevar Pandey, Secretary, WCD, among others

Polio National Immunization Day 2022 – February 27 

The Polio National Immunization Day 2022 (NID) was organised across India on 27th February 2022.  Annually India conducts one nationwide NID and 2 Sub-National Immunization Day (SNIDs) for polio with an aim to maintain the population immunity against wild poliovirus and to sustain its polio-free status. 

• During the Polio NID, more than 15 crore children were covered across the 36 States and union territories(UTs) in 735 districts.

On 26th February 2022, Dr Mansukh Mandaviya, Union Minister for Health and Family Welfare launched the National Polio Immunization Drive for 2022 and administered polio drops to children below five years of age. 

STATE NEWS

Delhi: Govt Develops Science Innovation Hub in City School; Delhi Police Launches 3 New Digital InitiativesThe Delhi Government will come up with a ‘Science Innovation Hub’ at a school run by Delhi government at a cost of over Rs 5 crore in the next two-and-a-half years.

• The Directorate of Education of the Delhi government has assigned the task of construction and development of the Hub to the DTTDC on a 30,000-square metre land in Kautilya Sarvodaya Co-education School at Chirag Enclave, Delhi.
• Aim – To promote a scientific culture and inculcate a scientific temper for nurturing talent in science and technology.

Features:
i.The hub will have an auditorium, a library, a planetarium, a museum with science and technology objects, art and model experiential galleries of latest innovations and trends, instruments, collectibles, equipment, simulation systems and contents.
ii.The hub is open for research purposes in scientific disciplines for conversion of science into technology and augmenting science and technology as a vehicle of change in overall development.
iii.It will also serve as world-class science experiential infrastructure for exhibitions and museums that supports the potential of modern communication technologies for the welfare of the society.
–Delhi police launches new digital initiatives- Anubhuti, e-Chittha
Delhi police launched 3 new digital initiatives that includes Anubhuti, a QR code-based feedback system, a refurbished Delhi Police website and e-Chittha portal.

• The initiatives were launched by the Delhi Police Commissioner Rakesh Asthana.
• Aim – To improve the service delivery system and to ensure the safety and security of the people by the Delhi police.

About the initiatives:
i.Anubhuti – This initiative is a QR code based paperless feedback management system that will establish a two-way communication between the public and people, by which the citizens visiting the police station need to scan the QR code of the police station and mark their feedback response.

• The feedback response received will be analysed for improving the functioning of the department.

ii.The refurbished user-friendly website – This website of the Delhi Police is loaded with more information for citizens to know about the department and its services in one click.
iii.e-Chittha – The initiative is the backbone of duty deployment and is active in all 178 territorial police stations in Delhi.

• It ensures 8 hour work shifts in the police department, with optimal use of manpower that will increase the efficiency and transparency of the personnel.
• With this initiative, the personnels will get sufficient time to spend with their family and personal wellness.

About Delhi:
Lieutenant Governor – Anil Baijal
Stadium – Major Dhyan Chand National Stadium (National Stadium), Dr. Ambedkar Stadium
UNESCO (heritage site) – Humayun’s Tomb, Qutb Minar and its Monuments

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