1 March 2024 : Latest Current Affairs 1st March
Important Current Affairs 1st March 2024
In this article, we will discuss all the Current Affairs of 1st March including national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 1st March 2024 current affairs then read this article till the end.
Current Affairs of 1st March – National News
1. Reliance Consumer Products Limited (RCPL), the FMCG division of Reliance Retail Ventures
◉ Limited, signed an agreement with Sri Lanka’s Elephant House to produce, market, distribute, and sell beverages under the Elephant House brand in India. The two companies aim to up the fight against Coke and Pepsi.
◉ In addition to supporting RCPL’s expanding beverage portfolio, which includes well-known brands like Campa, Sosyo, and Raskik, this partnership will introduce remarkable new products and value propositions to Indian customers.
2. A JVA is signed between CIL and BHEL to establish an ammonium nitrate plant.
◉ A joint venture agreement (JVA) has been struck between state-run Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) to establish the first ammonium nitrate facility on a commercial scale in India using surface coal gasification (SCG) technology.
◉ In addition to being the first coal gasification project of its kind in India, the facility will also be the first to use a coal gasification technology that BHEL developed in-house on a large-scale commercial basis.
◉ The Mahanadi Coalfields Limited (MCL) Lakhanpur region in Odisha would host the facility. Initially, 2,000 tons of ammonium nitrate are expected to be produced daily.
3. NTPC and MAHAGENCO collaborate on the creation of Renewable Energy Parks.
◉ A joint venture agreement was struck by NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, and Maharashtra State Power Generation Company (MAHAGENCO) to create renewable energy parks in Maharashtra.
◉ The joint venture’s company will create GW-scale renewable energy parks and gradually take on projects of this magnitude.
◉ The arrangement represents a further step in the Government of India’s energy transition initiatives and is in line with NTPC’s green energy aspirations.
◉ The NTPC Group aspires to achieve 60 GW of renewable energy capacity by 2032. It currently has around 22 GW of planned RE capacity in addition to 3.4 GW of installed capacity.
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International News
4. India’s position in the International IP Index 2024 is still 42.
◉ India is ranked 42nd out of 55 countries in the world in the International IP Index for 2024.
◉ The 12th edition of the International IP Index by the Global Innovation Policy Center of the US Chamber of Commerce shows that India’s overall score stayed at 38.64 percent.
◉ Twenty of the top 55 economies in the world have seen notable advances in their IP regimes, according to the Index.
◉ Though the United States remains the global leader, Saudi Arabia, Brazil, and Nigeria have made significant strides.
Banking
5. Maruti Suzuki and Union Bank of India collaborate to provide dealer financing options.
◉ Union Bank of India and Maruti Suzuki India have signed an initial agreement for dealer finance solutions.
◉ The partnership improves the extensive financing choices for inventory for more than 4,000 Maruti Suzuki dealerships nationwide.
◉ Since 2008, the firm and Union Bank of India have worked together to facilitate over 3,000,00,000 auto finance cases. This is a key milestone in the partnership’s evolution.
Appointment
6. RBI permits Jana SFB to reappoint Ajay Kanwal as MD and CEO.
◉ Ajay Kanwal’s reappointment as managing director and chief executive officer (MD and CEO) of Jana Small Finance Bank has been authorized by the Reserve Bank of India (RBI).
◉ The reappointment will take effect on March 21, 2024, and run for three years, ending on March 20, 2027.
◉ Kanwal has worked in the financial services industry for more than 33 years. Before joining Jana SFB, Kanwal served as Standard Chartered Bank’s regional CEO for ASEAN and South Asia. He also briefly held the position of Senior Advisor at TPG and Mastercard.
Awards
7. Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, has been bestowed with an Honorary Knighthood by King Charles III of the United Kingdom, making him the first Indian citizen to do so.
◉ In recognition of Mittal’s efforts to develop closer commercial relations between India and the UK, the honor bestows upon him the rank of Knight Commander of the Most Excellent Order of the British Empire.
◉ One of the greatest honors bestowed to foreign nationals by the British Sovereign in appreciation for their extraordinary accomplishments is an honorary knighthood.
Important day
8. World Civil Defense Day is on March 1.
◉ Every year on March 1st, we mark World Civil Defense Day.
◉ This worldwide incident is an essential reminder of how important it is to be ready for crises and natural disasters.
◉ The International Civil Defence Organisation (ICDO) initially instituted World Civil Defence Day in 1990 to mark the anniversary of the ICDO’s Constitution approval.
9. March 1st is World Seagrass Day.
◉ Every year on March 1st, people celebrate World Seagrass Day.
◉ The purpose of this day is to increase public awareness of seagrass and its significant role in marine ecology.
◉ Theme 2024: A Healthy Planet, a Healthy Seagrass
10. Zero Discrimination Day is on March 1st.
◉ Every year on March 1, people mark Zero Discrimination Day.
◉ This campaign aims to increase awareness of the effects of discrimination globally and to advance inclusion, equality, and peace.
◉ Theme 2024: “To safeguard everyone’s rights and health”
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