24 March 2023 : Latest Current Affairs 24th March
Important Current Affairs 24th March 2023
In this article, we will discuss all the Current Affairs of 24th March including national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 24th March 2023 current affairs then read this article till the end.
Current Affairs of 24th March – National News
1. Would the SVB bankruptcy have an influence on the Indian talent market?
◉ The failure of the bank is likely to have an impact on startups that had amassed reserves and deposits at SVB, and actions are being taken to secure and recover those reserves.
◉ The primary drawbacks for these firms will be a decrease in liquidity and longer funding access times.
◉ Yet they have a way out and won’t use layoffs because they have a solution. They might need to implement temporary austerity measures to get through this time.
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International News
2. A few weeks following President Sisi’s visit to India, Egypt becomes a new member of the BRICS bank.
◉ Egypt joined the BRICS New Development Bank after President Abdel-Fattah El-Sisi visited India as the special guest for the Republic Day celebrations (NDB).
◉ Sources with knowledge of the situation claim that Egypt formally joined the NDB on February 20 and received formal notification on March 22.
◉ The African-Arab country wants to upgrade its infrastructure, and assistance from the NDB can significantly help it accomplish this.
3. After the Hindenburg short, Jack Dorsey’s wealth decreased by $526 million.
◉ Co-founder Jack Dorsey’s net worth has been significantly impacted by a recent study from Hindenburg Research that charges Block Inc. with ignoring widespread fraud.
◉ He lost $526 million as a result of an 11% collapse in his fortune, which was the biggest one-day loss since May.
◉ The Bloomberg Billionaires Index estimates that Dorsey’s net worth is currently $4.4 billion.
Banking
4. RBI permits to trade in national currencies between Tanzania and India.
◉ The Reserve Bank of India (RBI) has given permission for Tanzania and India to settle bilateral trade in their respective national currencies.
◉ This step is expected to lower transaction costs and boost cross-border trade efficiency, leading to bigger trade volumes and more economic cooperation between the two countries.
◉ The recent development of enabling the use of the Indian Rupee and the Tanzanian Shilling (Tsh) for settling bilateral trade is a great move for the business community, according to Binaya Pradhan, the Indian High Commissioner to Tanzania.
5. SBI purchases a stake in a joint venture with Canara Bank for Rs. 121 crores.
◉ Canara Bank has disclosed that it has paid State Bank of India (SBI) approximately 121.29 crores for its stake in Commercial Indo Bank LLC (CIBL), a joint venture between CIBL and SBI.
SBI owns 60% of the 2003-founded company CIBL, which is based in Russia, and Canara Bank owns 40%.
◉ The sale transaction, according to Canara Bank, was signed on November 11, 2022.
Canara Bank has acknowledged in a regulatory filing that it has paid SBI the full value of 121.29 crores for the sale of its interest in Commercial Indo Bank LLC.
Defence
6. The “Most Quiet Ship” was launched by GRSE. The Indian Navy’s INS Androth, billed as the “most silent ship in the nation,” was just launched by Garden Reach Shipbuilders and Engineers (GRSE), a shipbuilding firm in India.
◉ The ship is the first of eight shallow-water anti-submarine warfare ships that will be supplied to the navy.
◉ The ships will be utilized for military activities such as patrolling and search and rescue operations.
◉ The INS Androth has been built to seat 50 crew members and is outfitted with cutting-edge radars, sonars, and communication systems to find and track adversarial submarines.
Science
7. A collaborative earth scientific satellite called NISAR was created by ISRO and NASA.
◉ NASA and ISRO have jointly developed an earth research satellite dubbed NISAR, according to Dr. Jitendra Singh, the Union Minister of State for Science and Technology, who made the announcement in the Rajya Sabha (NASA-ISRO Synthetic Aperture Radar).
◉ The main goals of the satellite are to create, develop, and launch a dual-frequency (L and S band) radar imaging satellite as well as to investigate new application areas for L and S band microwave data, particularly in surface deformation studies, terrestrial biomass structure, natural resource mapping and monitoring, and studies on the dynamics of ice-sheets, glaciers, forests, oil slicks, etc.
Books and Authors
8. The author of the new book “A Matter of the Heart: Education in India” is Anurag Behar.
◉ A Matter of the Heart: Education in India is a new travel book written by Anurag Behar, founder, and CEO of the Azim Premji Foundation and Azim Premji University.
◉ Based on Behar’s experiences working at the foundation, the book is a collection of 110 stories that shines a light on the situation of education in India outside of the big cities.
◉ Behar honors the teachers who are influencing the nation’s future through his work.
Westland Nonfiction, a branch of Nasadiya Technologies Pvt Ltd, is the publisher of the book.
◉ Behar is a well-known social activist and educator in India.
Important day
9. The date of World Tuberculosis Day in 2023 is March 24.
◉ Every year on March 24, World Tuberculosis Day is commemorated to increase public awareness of the global TB pandemic and the fight to eradicate it.
◉ By 2030, the World Health Organization (WHO) wants to put an end to the TB pandemic. In order to improve access to TB prevention, diagnosis, and treatment as well as to create innovative tools and methods for TB control, the organization collaborates with governments, non-governmental organizations, and other partners.
◉ This year’s World Tuberculosis Day has the slogan “Yes! We can put an end to TB!” and it emphasizes pleading with international leaders to take initiative in halting the TB epidemic.
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