Current Affairs 8 March 2022

We are here for you to provide the important Recent and Latest Current Affairs  8 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

PM Narendra Modi visits Pune, Maharashtra to Inaugurate various ProjectsPM Modi inaugurates Pune Metro Rail project worth Rs 11,400 croreOn March 6, 2022, the Prime Minister (PM) of India Narendra Modi visited Pune, Maharashtra for the inauguration of the following developmental projects. 
i.Firstly, he unveiled the grand statue of Chhatrapati Shivaji Maharaj at Pune Municipal Corporation (PMC).  

  • The seated statue made of gun metal is 9.5 feet tall and weight 1.85 tons (1850 Kg).

ii.The PM inaugurated 12 km stretch of the total 33.1 km Pune Metro Rail Project. The remaining ~21 km will become operational by March 2023. After the inauguration following stretches were opened today:

  • Vanaz- Garware College (5 km elevated stretch with 5 stations) 
  • PCMC- Phugewadi stretch (7 km elevated stretch with 5 stations)

The first ticket was bought by the PM from Garware station to Anand Nagar.
iii.The PM also laid the foundation stone of Rejuvenation And Pollution Abatement of Mula-Mutha River projects under the ambitious National River Conservation Plan (NRCP) set up by the Central Government. It is being funded by Japan International Cooperation Agency (JICA).
About Maharashtra:
Capital– Mumbai (Financial capital of India)
Chief Minister– Uddhav Thackeray
Airports – Shirdi Airport, Kolhapur Airport , Gandhinagar Airport
>> Read Full News

MoCA Amends Rules on Limited Liability Partnership 2009The Ministry of Corporate Affairs (MoCA) amended the Limited Liability Partnership (LLP) Rules 2009 effective 4th March 2022 to address the concerns of entities facing bankruptcy proceedings.

  • Hereon LLP Rules 2009 will be called as Limited Liability Partnership (Second Amendment) Rules 2022
  • It primarily deals with solvency statements and certificates of truthfulness, which are part of the annual returns.

About the amendment:
i.LLP’s statement of solvency, which must be signed by a designated partner in charge of compliance, can now be signed by a resolution professional in case of a bankruptcy.
ii.The new rules also cover the requirement of filing a certificate endorsing the truthfulness and correctness of annual returns of LLPs with sales of up to Rs.5 crore, or partner contribution of up to Rs.50 lakh.

  • In case of small LLPs facing bankruptcy, the certificate could be signed by a resolution professional or administrator.

Click here to read more about the amendments

About Ministry of Corporate Affairs (MoCA):
Union Minister – Nirmala Sitharaman (Rajya Sabha Karnataka)
Minister of state – Rao Inderjit Singh (Constituency – Gurugram, Haryana)

Labour Ministry launches ‘Donate-a-Pension’ initiative under PM-SYM

Union Minister Bhupender Yadav, Ministry of Labour & Employment (MoL&E), has launched ‘Donate-a-Pension’ programme under Pradhan Mantri Shram Yogi Maan-Dhan Yojana (PM-SYM) for people to contribute to the pension fund to their support staff.

  • This initiative is one of the events planned by MoL&E, for the ‘Iconic Week’ celebration observed from 7th to 13th March 2022, which is a part of ‘Azadi Ka Amrit Mahotsav’– an initiative of the Government of India to celebrate and commemorate 75 years of progressive India and the glorious history of its people, culture and achievements.

About Donate-a-Pension initiative:

  • An initiative under the PM-SYM pension scheme that encourages people to donate the premium contribution of their immediate support staff such as domestic workers, drivers, helpers, care givers, nurses, in their household or establishment or any other eligible unorganized workers.

i.The donor can pay one year’s initial contribution in one time or for more than a one-year period.
ii.The donation amount for a year is minimum Rs. 660 and maximum up to Rs. 2400 depending on the age of the beneficiary.
iii. The minimum donation period is one year. The donor can donate on  https://maandhan.in/  or visit their nearest Common Service Centre.
About Pradhan Mantri Shram Yogi Maan-Dhan Yojana (PM-SYM):

  • A voluntary and contributory pension scheme launched in 2019, to ensure protection for unorganized workers, whose monthly income is below Rs. 15,000, age group of 18 – 40 years.
  • They should not be engaged in Organized Sector (member of EPFO/NPS/ESIC) or an income tax payer

Features of PM-SYM:  Each subscriber under PM-SYM shall receive,
i.A Minimum Assured Pension of Rs. 3,000 per month after attaining the age of 60 years.
ii.If a subscriber dies during the receipt of the pension, the spouse of the beneficiary shall be entitled to receive 50% of the pension as Family Pension.
About Ministry of Labour & Employment:

  • Union Minister: Bhupender Yadav (M.P in Rajya Sabha representing Rajasthan)
  • Minister of State (MoS): Rameswar Teli (Dibrugarh constituency, Assam)

Union Minister of Fisheries, Parshottam Rupala Initiated ‘Sagar Parikrama’ at GujaratOn 5th March 2022, the Union Ministry for Fisheries, Animal Husbandry and Dairying , Parshottam Rupala inaugurated the ‘Sagar Parikrama’, an initiative to solve the concerns of the fishermen community in Gujarat. 
i.Sagar Parikrama was flagged from the freedom fighter Shyamiji Krishna Varma Memorial at Mandvi, Gujarat, on the first day it reached Okha in Devbhumi Dwarka district, Gujarat and the first leg of Sagar Parikrama will end at Porbandar, Gujarat.
Aim:
i. The Parikrama aims to understand challenges, experiences and aspirations of the fishermen community and to solve the concerns of the fishermen.
ii.The initiative looks at the scope of seafood exports as the Country has a coastline of 8118 kms.
About Sagar Parikrama:
i.Gujarat marks as the first state as part of Parikrama initiative.
ii.The initiative is envisaged in the sea by demonstrating solidarity with all fisher folk, fish farmers and concerned stakeholders as a spirit of ‘Atma Nirbhar Bharat’.
About Ministry of Fisheries, Animal Husbandry and Dairying:
Union Minister – Parshottam Rupala (Constituency – Gujarat)
Minister of State – Sanjeev Kumar Balyan, L. Murugan
>> Read Full News

NIESBUD signs MoU with MoRD for Implementing the Start-up Village 
Entrepreneurship Programme

National Institute of Entrepreneurship and Small Business Development (NIESBUD), an autonomous organisation under the Ministry of Skill Development and Entrepreneurship (MSDE) have signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) to develop a sustainable model for promoting entrepreneurship at the grassroots by initiating the Start-up Village Entrepreneurship Programme (SVEP). 

  • SVEP is a sub-component of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAYNRLM) of the MoRD. 
  • This will support creating an innovative ecosystem, accelerating economic and social gains at the community level. 

Aim: 
To support entrepreneurs in rural areas to set up enterprises at the village level in non-agricultural sectors.
Key Points:
i.The MoU will enable the rural community and support them to set up their trades and provide complete support till they are stabilized. 
ii.This pragmatic intervention will also provide knowledge, advisory and financial support to the public and will help create a village-level community cadre.
iii.Under this partnership, rural entrepreneurs will get access to banking systems for receiving financial support for starting their enterprises, including support from MUDRA bank.
iv.Integrated information and communications technology (ICT) techniques and tools will also be provided for training and capacity building along with enterprise advisory services to augment the entrepreneurship ecosystem in India’s villages. 
Beneficiaries: The beneficiaries of the project are from the Self-Help Group (SHG) ecosystem of DAY-NRLM. 
The scheme supports both the existing enterprises and new enterprises. 

INTERNATIONAL AFFAIRS

PM Modi Joined The Quad Leaders Meet To Focus On “Indo-Pacific Developments”

Indian Prime Minister Narendra Modi has participated in the Quadrilateral Security Dialogue (QUAD) leaders virtual meeting along with President of United States of America (USA) Joseph R Biden, Prime Minister of Australia Scott Morrison, and Prime Minister of Japan Fumio Kishida, which focused on the Indo-Pacific developments.
i.In March, 2021, Biden hosted the first-ever summit of the Quad leaders in the virtual format.
Objective:
i.The Quad focused on its core objective of promoting peace, stability and prosperity in the Indo-Pacific region. 
ii.Modi called for cooperation within the Quad, in areas like Humanitarian and Disaster Relief, debt sustainability, supply chains, clean energy, connectivity, and capacity-building. 
Quad Summit on March, 2022:
i.The Quad discussed the developments in Ukraine, including its humanitarian implications. 
ii.The Prime Minister emphasised the path of dialogue and diplomacy. 
iii.The leaders discussed topical issues, situation in Southeast Asia, the Indian Ocean region and the Pacific Islands. 
iv.Modi reiterated the importance of adhering to the United Nations (UN) Charter, International law and respect for sovereignty and territorial integrity.
v.The leaders agreed to carry the agenda for the forthcoming in-person Quad summit in Japan 2022. 
Quad Summit on March, 2021: 
The Quad vaccine partnership was announced in March,2021 with an aim to deliver 100 crore doses of vaccines to the Indo-Pacific region by the end of 2022.
Quad Summit on September, 2021: 
The in-person summit was held in Washington, America in September and the Quad has been focusing on cooperation in areas such as:

  • Producing vaccines
  • Connectivity projects
  • Facilitating the mobility of students
  • Looking at promoting startups 
  • Technology collaboration

What is QUAD:
‘Quadrilateral Security Dialogue’ (QSD), the Quad is an informal strategic forum comprising four nations, namely United States of America (USA), India, Australia and Japan.
The group met for the first time in 2007 on the sidelines of the Association of Southeast Asian Nations (ASEAN). The primary objective of the Quad is to work for a free, open, prosperous and inclusive Indo-Pacific region.

BANKING & FINANCE

IOB extends Rs 1,000cr Loan to JKIDFC The Indian Overseas Bank (IOB) has sanctioned a loan of Rs 1,000 crore to Jammu and Kashmir Infrastructure Development Finance Corporation Ltd (JKIDFC) under an agreement signed by both entities. Rs 500 crore has already been disbursed by the bank.

  • This funding by the bank is a part of its business plan to widen credit growth and funding infrastructure development across the nation.

Key Points:
i.IOB is one of the first public sector banks to lend to JKIDFC.
ii.Through this funding, implementing departments now speed up the pace of projects which are under execution at various levels of completion.
iii.Formed in 2018, JKIDFC speeds-up the pending, unfunded or languishing infrastructure development projects in Jammu and Kashmir (J&K). It can raise loans upto Rs 8000 crore.

  • It is incorporated to complete various projects belonging to the various departments like Agriculture Production, Animal Husbandry, Housing & Urban Development, Industries & Commerce Department, Jal Shakti Department, Public Works Department, School Education Department, etc.

About Indian Overseas Bank (IOB):
MD & CEO– Partha Pratim Sengupta
Headquarter– Chennai, Tamil Nadu
Tagline– Good people to grow with

RBI selects Intellect Design Arena for Cloud Native Intellect Quantum Core Banking solutionReserve Bank of India (RBI) has chosen Intellect Design Arena Limited, a fintech firm to implement the upgraded version of the ‘Cloud-Native Intellect Quantum Core Banking solution’ to power the next stage of their digital transformation agenda. 

  • Intellect continues to be the trusted partner for the Central Banking Transformation at RBI.

Highlights:
The entire central banking operation of RBI is currently being supported by Intellect’s Quantum Central Banking Solution, popularly known as e-Kuber in RBI, Government of India & in the Indian Financial Systems.

  • It supports over 100 million transactions, over 250 commercial banks, 35 state government and union territories along with a number of Central Government ministries.

About  Intellect Quantum solution:
The next generation Intellect Quantum solution is built on cutting edge API first, cloud-native and cloud-agnostic microservices architecture supported by a rich set of packaged business components.
About Intellect Design Arena Limited:
Intellect Design Arena, a specialist in applying true digital technologies, is a full spectrum banking and insurance technology products company, across global consumer banking, central banking, global transaction banking (iGTB), risk, treasury and markets, and insurance.
Headquarters – Chennai, Tamil Nadu
Chairman & Managing Director (MD) – Arun Jain

IBBI Signs MoU with IBA for Collaborating Capacity Building 

Insolvency and Bankruptcy Board of India (IBBI), an insolvency regulator signed a Memorandum of Understanding (MoU) with Indian Banks Association (IBA) to collaborate on capacity building for financial creditors on topics related to insolvency, bankruptcy and related subjects.

  • The MoU was signed during the workshop on ‘Committee of Creditors: An Institution of Public Faith’ organised jointly by IBBI, SBI(State Bank of India) and IBA at New Delhi.
  • The timely resolution of insolvency cases can be undertaken by the Committee of Creditors (CoC) and Resolution Professionals / Interim Resolution Professionals (IRPs). 
  • Signatories – The MOU was signed by Mr. Amit Pradhan (Executive Director, IBBI) and Mr. Sunil Mehta (Chief Executive, IBA).

About CoC:
i.The CoC, formed under the regulation 21 of the Insolvency and Bankruptcy Code (IBC),2016 is the supreme decision-making body in the Corporate Insolvency Resolution Process (CIRP), that affects the resolution of insolvency of the corporate debtor.
Resolution Professional / IRP:
The resolution professional is appointed by the COC on the commencement date of insolvency and is responsible to conduct the proceedings of CIRP.

  • Interim Resolution Professional (IRP) is a person who is temporarily appointed until a resolution professional is appointed.

About Insolvency and Bankruptcy Code (IBC):
Insolvency and Bankruptcy Code (IBC),2016 came into force on 28th may 2016, which is also known as “Code” with an objective to maximise the value of assets of a corporate person and to minimise the financial risk of the company which thereby increases ease of doing business.
About Insolvency and Bankruptcy Board of India (IBBI):
Establishment – 1st October, 2016 (under the Insolvency and Bankruptcy Code, 2016) 
Headquarters – New Delhi, Delhi
Chairperson – Ravi Mital

Bharti Airtel Partners with Axis Bank to Issue Co-branded Credit CardBharti Airtel partnered with Axis Bank Limited to launch ‘Airtel Axis Bank Credit Card’, a co-branded credit card that will offer benefits such as cashbacks, special discounts, digital vouchers and complimentary services to Airtel’s more than 34 crore customers. 

  • This partnership will also cover future collaboration on cyber security, data and cloud centres

About the Partnership:
i.The partnership helps in penetrating into tier-2 and tier-3 markets by enabling higher adoption of digitised payments for financial offerings..

  • Financial offerings will include co-branded credit cards, pre-approved instant loans and buy now pay later offerings among others.

ii.Through this telco-bank partnership, Airtel customers will get access to Axis Bank’s financial services while Axis Bank will benefit from Airtel’s strong digital capabilities and deep distribution reach.
About Airtel Axis Bank Credit Card:
i.The credit card will be available for eligible Airtel customers via the Airtel Thanks app.
ii.The rewards will be provided for the users of Airtel Axis Bank Credit Card which includes 25 percent cashback on Airtel Mobile/DTH recharges, Airtel Black and Airtel Xstream Fibre payments, 10 percent cashback on electricity/gas/water bill payments via Airtel Thanks app and 10 percent cashback on spends with preferred merchants like BigBasket, Swiggy, Zomato, etc.
About Axis Bank Limited:
Establishment – 1993(Commenced Operation- 1994)
Headquarters – Mumbai, Maharashtra
Managing Director (MD) & CEO – Amitabh Chaudhry
Tagline – Badhti Ka Naam Zindagi

AWARDS & RECOGNITIONS        

NMDC won 1st prize in Ispat Rajbhasha Award for 2018-19 & 2020-21, & Ispat Rajbhasha Prerna Award for 2019-20

National Mineral Development Corporation Ltd. (NMDC), India’s largest Iron Ore producer, under the Ministry of Steel, has won the 1st prize in Ispat Rajbhasha Award for 2018-19 and 2020-21 and the Ispat Rajbhasha Prerna Award for 2019-20. 

  • Sumit Deb, Chairman and Managing Director, NMDC received the award from Ram Chandra Prasad Singh, Union Minister of Steel. 
  • The award was presented during the Meeting of the Hindi Advisory (Salahakar) Committee of the Ministry of Steel held in Madurai, Tamil Nadu, on 3rd March 2022. 

MOIL received Ispat Rajbhasha Samman 2018-19 & 2019-20:
MOIL Limited, a Mini Ratna state-owned manganese ore mining company received the Ispat Rajbhasha Samman for the year 2018-19 and 2019-20.

  • Mukund Choudhary, Chairman and Managing Director(CMD) of MOIL, and Usha Singh received the award. 
  • MOIL is the largest producer of manganese ore in India operates 11 mines in adjoining districts of Maharashtra and Madhya Pradesh.

About the Meeting:
i.The meeting was held under the Chairmanship of Ram Chandra Prasad Singh, Union Minister of Steel and the vice-chairman of the meeting was Faggan Singh Kulaste, Minister of State for Steel. 
ii.CMDs of the 8 Public sector undertakings (PSUs) under the Ministry of Steel participated in the meeting.
Awards:
The Union Minister Ram Chandra Prasad Singh awarded the “Ispat Rajbhasha Sammaan” awards and Commendation Certificates for the year 2018-19, 2019-20 and 2020-21 to the undertakings of the Ministry of steel for their excellent performance in the usage of Official Language Rajbhasha.
About Ministry of Steel:
Union Minister– Ram Chandra Prasad Singh (Rajya Sabha Bihar)
Minister of State– Faggan Singh Kulaste (Constituency- Mandla, Madhya Pradesh)

APPOINTMENTS & RESIGNATIONS        

Nitin Chugh to head SBI’s Digital Banking as DMD

SBI has appointed Nitin Chugh as its Group Head of Digital Banking at the level of Deputy Managing Director (DMD) for a period of 3 years initially.
Key Points:
i.He was formerly the Group Head of Digital Banking at HDFC (2001-2019) and MD & CEO of Ujjivan Small Finance Bank (2019-2021) from where he resigned citing personal reasons in September 2021.
ii.His new position in SBI would be responsible for envisioning, developing and in execution of the bank’s digital banking strategy and business plan for imparting digital knowledge/skills in a constructive, empowering and collaborative way.
iii. The induction of Nitin Chugh took effect, when SBI – India’s largest lender targeted an increase in digital lending and vigorously promoted its app ‘YONO’.
Note: Charanjit Surinder Singh Attra was appointed as Chief Financial Officer (CFO) of SBI in 2020 from a private sector – which is a high- level lateral recruitment, prior to appointing Nitin Chugh as DMD of Digital Banking.
About SBI:

  • Chairperson: Dinesh Kumar Khara
  • Tagline: “Pure Banking, Nothing Else”
  • HQ: Mumbai, Maharashtra
  • Establishment: July 1, 1955 as SBI
  • YONO: YONO (You Only Need One) – an integrated app for financial services launched by SBI on 24 November 2017.     

SCIENCE & TECHNOLOGY

HANSA-NG: India’s 1st Indigenous Flying Trainer successfully completes Sea Level Trials at Puducherry

India’s first indigenous flying trainer ‘HANSA-NG (New Generation)’ designed and developed by Bengaluru (Karnataka) based CSIR-National Aerospace Laboratories (NAL), has successfully completed the sea-level trials at Puducherry from February 19 to March 5, 2022.

  • The aircraft was flown to Puducherry covering 140 nautical miles in one-and-half-hours at a speed of 155 km per hour.
  • All the objectives of the sea level trials are met.
  • NAL operates under the aegis of Council of Scientific and Industrial Research (CSIR).

About Sea Trials of HANSA-NG:
i.HANSA-NG was piloted by Wing Commander (Wg. Cdr.) K V Prakash and Wg. Cdr. Dilip Reddy of Aircraft & Systems Testing Establishment (ASTE), and the flight was monitored by NAL designers and Wg. Cdr. Reeju Chakraborty as Flight Test Director from telemetry.
ii.The objectives of the sea level trials were to evaluate handling qualities, climb/cruise performance, balked landing, and structural performance, including positive and negative G-forces, power plant and other systems performance. 
About HANSA-NG:
i.This two-seater Hansa-NG is a revamped version of the original HANSA developed three decades ago. 
ii.It is Powered by Rotax Digital Control Engine, and has one of the most advanced flying trainers featuring Just-In-Time Prepreg (JIPREG) Composite Lightweight Airframe, a glass cockpit, a bubble canopy with a wide panoramic view, and electrically operated flaps, etc.
iii.It is designed to meet the need for trainer aircraft by flying clubs in India.
Key Points:
i.HANSA-NG is an ideal aircraft for Commercial Pilot Licensing (CPL) due to its low cost and low fuel consumption
ii.So far, it has completed 37 flights and 50 hours of flying and a few more were necessary before securing type certification from the Directorate General of Civil Aviation (DGCA).

  • The certification process is likely to be completed by April 2022

iii.NAL has already received more than 80 LoIs (Letters of Intent) from various flying clubs for HANSA-NG.

NASA Begins Assembly of Europa Clipper SpacecraftThe National Aeronautics and Space Administration(NASA) has started the assembly of ‘Europa Clipper Spacecraft’ a new spacecraft that will carry out the Europa clipper mission. 

  • The Spacecraft is targeted to be launched from Cape Canaveral, Florida in October 2024. 

About Europa Clipper Spacecraft:
i.The spacecraft has been designed and constructed by Johns Hopkins Applied Physics Laboratory (APL), NASA’s Goddard Space Flight Center and Jet Propulsion Laboratory (JPL). 
ii.Most of its hardware are expected to be assembled before 2022.
HeroX Launches NASA’s Watts on the Moon Phase 2 Challenge
HeroX, the leading platform and open marketplace for crowdsourced solutions, launched NASA’s Watts on the Moon Phase 2 Challenge prize competition (only for US citizens or permanent residents) on behalf of NASA. This supports NASA’s return to the Moon under Mission Artemis.
>> Read Full News

ENVIRONMENT

Aarushi Verma Selected to Represent India at 2041 Climate Force Antarctica ExpeditionAarushi Verma, a national-level shooter and an environmentalist hailing from Delhi has been selected to represent India at the 2041 Climate Force Antarctica Expedition which is set to be held in March 2022.

  • Aarushi Verma is a national level shooter in Pistol and trap shooting and a State & Northern India Champion & National medalist, and an active environmentalist.
  • She will be fully supported and sponsored by The Hans Foundation (THF). 

2041 Climate Force Antarctica Expedition:
i.2041 Climate Force is a global initiative to train and develop the next generation of sustainability champions and to help corporations with their sustainability solutions.
ii.This carbon negative’ expedition also aims to inspire, develop and train the next generation of leaders to promote a more sustainable future.
iii.This also includes the ‘Leadership on the edge’ program
Aim: To raise awareness and work for the preservation of Antarctica through the promotion of recycling, renewable energy and sustainability solutions to combat the effects of climate change. 
Journey: The unique 12-day educational journey to the south pole on the most dynamic Antarctic sea expedition, by ship to the ‘last great wilderness on earth’.
Key Points:
i.The Climate Force is a 7-year commitment to clean up 360 million tons of carbon dioxide (CO2) from the atmosphere through strategic offsetting partnerships. 
ii.2041 Climate Force is derived from the year which marks the Madrid Protocol protecting Antarctica from exploitation would come up for debate, revision, and/ or possible cancellation.
iii.The participants of the expedition will graduate as ‘Ambassadors for the Antarctic’.

IMPORTANT DAYS

4th Jan Aushadhi Diwas – 7th March 2022; Jan Aushadhi Diwas Week – 1-7 March 2022The Jan Aushadhi Diwas, also known as Generic Medicine Day, is annually observed across India on 7th March, the last day of the Jan Aushadhi Diwas Week (1st March to 7th March) to create awareness about the usage of generic medicines and the benefits of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP).

  • 7th March 2022 marks the observance of the 4th Jan Aushadhi Diwas. 
  • Jan Aushadhi Diwas week 2022 was observed from 1st March to 7th March 2022. 

The day is celebrated by the Pharmaceuticals & Medical Devices Bureau of India (PMBI), under the aegis of the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers. 

  • The theme of the 4th Jan Aushadhi Diwas is “Jan Aushadhi-Jan Upyogi”.

>> Read Full News

STATE NEWS

BSE Partners with Tamil Nadu’s M-TIPB to Promote Listing of MSMEs

Bombay Stock Exchange (BSE) has collaborated with Tamil Nadu’s (TNs) Micro Small and Medium Enterprises (MSME) -Trade and Investment Promotion Bureau (M-TIPB) government to promote awareness among MSME of the TN about the benefits of listing.

  • Through the collaboration, TN small and medium enterprises (SMEs) will get an opportunity to raise funds through Initial Public Offerings (IPOs) by listing in the BSE SME platform.
  • An IPO refers to the process of offering shares of a private corporation to the public in a new stock issuance which raises capital from public investors.

About the collaboration:
i.As part of the collaboration, BSE will provide capacity building and soft support to SMEs in TN for fulfilling listing requirements.

  • The BSE will appoint a nodal person as single point contact for providing end-to-end solutions and facilitating SMEs with respect to registration/ listing on the platform.

ii.M-TIPB will offer support in mobilising the SME representatives through district industries centres and will also help in mobilising state or regional associations to encourage their SME members to attend capacity building programmes
Note – The BSE was the 1st stock exchange in India to launch the SME platform, which was established in March 2012.
About Tamil Nadu (TN):
Governor – Ravindra Narayana Ravi 
Bird Sanctuary – Vellode Birds Sanctuary, Vedanthangal Birds Sanctuary, Udayamarthandapuram Bird Sanctuary
Festivals – Puthandu(Tamil New Year), Chithirai Thiruvizha, Karthigai Deepam

Sikkim Govt. to launch Aama Yojna & Bahini Scheme

Chief Minister of Sikkim, Prem Singh Tamang has announced that the State Government will soon implement ‘Aama Yojna’, a scheme for helping non-working mothers & ‘Bahini Scheme’ benefitting girl students of the state.
About Aama Yojna:
i.The scheme aims to inculcate the habit of saving among non-working mothers in the state and hence the Govt. will provide them Rs. 20,000 each in their bank accounts annually. The Sikkim government has sanctioned Rs 32 crore for the scheme this year.
ii.The scheme covers only those whose names are enrolled in the electoral roll of the state and a sum of Rs.100 crores has been allocated for it in the budget.
About Bahini Scheme:
The aim of this scheme is to reduce the dropout rate of girl students due to lack of accessibility/availability of Sanitary Napkins & also to ensure menstrual health and hygiene.
i.Under this scheme, over 18,000 girl students who study in class 9 and above are provided with free sanitary napkins in the state.
ii.The State Govt. also has plans to set-up sanitary napkin vending machines in schools and also increase awareness and sensitization programmes about menstrual health & hygiene.
About Sikkim:

  • Governor: Ganga Prasad
  • Mountain passes in Sikkim: Nathu La, Jelep La
  • Lakes in Sikkim: Gurudongmar Lake, Khecheopalri Lake, Tsongmo Lake

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Current Affairs Today (AffairsCloud Today)

S.no Current Affairs  8 March 2022
1 PM Narendra Modi visit to Pune, Maharashtra to Inaugurate various Projects
2 MoCA Amends Rules on Limited Liability Partnership 2009
3 Labour Ministry launches ‘Donate-a-Pension’ initiative under PM-SYM
4 Union Minister of Fisheries, Parshottam Rupala Initiated ‘Sagar Parikrama’ at Gujarat
5 PM Modi Joined The Quad Leaders Meet To Focus On “Indo-Pacific Developments”
6 IOB extends Rs 1,000cr Loan to JKIDFC
7 RBI selects Intellect Design Arena for Cloud Native Intellect Quantum Core Banking solution
8 IBBI Signs MoU with IBA for Collaborating Capacity Building
9 Bharti Airtel Partners with Axis Bank to Issue Co-branded Credit Card
10 NIESBUD signs MoU with MoRD for Implementing the Start-up Village
Entrepreneurship Programme
11 NMDC won 1st prize in the Ispat Rajbhasha Award for 2018-19 & 2020-21, & Ispat Rajbhasha Prerna Award for 2019-20
12 Nitin Chugh to head SBI’s Digital Banking as DMD
13 HANSA-NG: India’s 1st Indigenous Flying Trainer successfully completes Sea Level Trials at Puducherry
14 NASA Begins Assembly of Europa Clipper Spacecraft
15 Aarushie Verma Selected to Represent India at 2041 Climate Force Antarctica Expedition
16 4th Jan Aushadhi Diwas – 7th March 2022; Jan Aushadhi Diwas Week – 1-7 March 2022
17 BSE Partners with Tamil Nadu’s M-TIPB to Promote Listing of MSMEs
18 Sikkim Govt. to launch Aama Yojna & Bahini Scheme





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