March 24th Crossword CA Final

Daily Current Affairs- 24th March 2022
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Headlines
1) Geographical Indication tag awarded to the Narasingapettai Nagaswaram
2) Union Health Minister Dr. Mansukh Mandaviya Launches BRICS Vaccine R&D Centre
3) Skill Development Ministry recognises INS Shivaji as the Centre of Excellence in

Marine Engineering
4) PM inaugurated Biplobi Bharat Gallery at Victoria Memorial Hall, Kolkata
5) Cabinet approves extension of applicability of New Investment Policy-2012 for three

units of Hindustan Urvarak and Rasayan Limited
6) Cabinet approves Minimum Support Price of Raw Jute for 2022 -23 season
7) Curtain raiser ceremony and website launch of National Conference on the occasion
of 65th anniversary of adoption of the National Calendar of India
8) Central Consumer Protection Authority passes order against advertisements of

Sensodyne products
9) Ministry of Civil Aviation organizing ‘WINGS INDIA 2022’ from 24th – 27th March 2022
in Hyderabad
10) 14th India-Japan annual summit 2022 in New Delhi
11) Ministry of Heavy Industries extends Phase-II of FAME India Scheme for two years till
2024
12) IQAir’s 2021 World Air Quality Report
13) Global House Price Index Q4 2021
14) 3rd edition of joint training exercise between Indian and Uzbekistan armies- EX-
DUSTLIK
15) China Develops Laser Weapon to Destroy Satellites in Space
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16) Neeraj Chopra and Mirabai Chanu wins ‘Sportstar of the Year’ award at 2022 Sportstar
Aces Awards
17) Venezuelan athlete, Yulimar Rojas Created World Record in Triple Jump
18) World tennis No.1 Ashleigh Barty announces retirement
19) Former Malian Prime Minister Soumeylou Boubeye Maiga passes away
20) Bangladesh’s ex-interim president Shahabuddin Ahmed passes away
21) World Head Injury Awareness Day 2022: March 20
22) International Nowruz Day 2022 – March 21
23) World Water Day 2022: 22 March
24) World Meteorological Day 2022
25) Shaheed Diwas or Martyrs’ Day-23rd March
26) SEBI amends Rules for Category III Alternative Investment Funds
27) Kotak Mahindra Bank becomes 1st Indian Bank to sign MoU with Business France
28) USAID & Mastercard Partners to Promote Digital Empowerment of Women under
Project Kirana
29) SGX selected TCS to power NSE IFSC-SGX Connect in GIFT City
30) SBI to set up Innovation, Incubation and Acceleration Centre at Hyderabad
31) Central Record Keeping Agency under the National Pension System announced by
Computer Age Management Services Limited
32) HDFC Bank to launch “SmartHub Vyapar programme” and “Autofirst” application for
small business loans
33) DBS Bank India Launches Green Deposits Programme
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National News
Geographical Indication tag awarded to the Narasingapettai

Nagaswaram
• The Narasingapettai Nagaswaram has

earned the Geographical Indication tag under
‘musical instruments of class 15’.
• The Geographical Indications Registry of

Government of India accorded the recognition
based on an application from Thanjavur Musical
Instruments Workers Cooperative Cottage
Industrial Society Limited.
• The artisans mastered the craft of

producing the wooden instrument from their
predecessors in Narasingapettai, a village near Kumbakonam.
• According to them, it takes three days and three artisans to make one nagaswaram. Each family makes
40 pieces a year.
• Artisans of the nagaswaram choose the wood wisely, a type of ebony, ensuring it is 200 years old, and
which does not absorb moisture. The top portion has a metal staple into which a small metallic cylinder is
inserted to hold the mouthpiece made of reed.
• The unique feature of the nagaswaram is its production process – it is handmade in Narasingapettai
village in Thanjavur in the state of Tamil Nadu, unlike the other machine-made ones.
• The reeds are made from the leaves of a locally grown plant called ‘naanal’ (a variety of bamboo).
• The instrument has a cylindrical body that flares out into a bell shape at the bottom. It is this form that
provides the nagaswaram with its characteristic volume and captivating tone.
• The length of the instrument is two and a half feet. It is a double-reed wind instrument with a large
flaring bell.
About the GI tags
• A geographical indication (GI) is a sign used on products that have a specific geographical origin and
possess qualities or a reputation that are due to that origin.
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• In India, GI registration is administered by the Geographical Indications of Goods (Registration and

Protection) Act of 1999.
• GI tags are typically used for agricultural products, foodstuffs, wine and spirit drinks, handicrafts, and
industrial products.
• Once a product gets this tag, no person or company can sell a similar item under that name. This tag is
valid for 10 years following which it can be renewed.
Recent news related to GI Tag
• The Government of Jammu and Kashmir has launched quick response (QR) code for its GI-tagged
Kashmiri carpet, to preserve the authenticity and genuineness of the hand-knotted carpets. The main
objective of this QR Code attached to the GI tag is to help in reviving the sheen and glory of the Kashmiri
carpet industry.
• The Geographical Indications Registry (GIR) under the Central Ministry of Commerce has accepted the
petition to rename Bihar Makhana as Mithila Makhana and has also suggested further changes to the
brand logo to better reflect its origins.
• Judima, homemade rice wine from Assam and Sojat Mehndi (Henna) from Rajasthan, has been
awarded the geographical indication (GI) tag. A GI tag is awarded to products associated with a specific
geographical origin. Award of a GI sign not only helps in tracing the origins of products but also helps in
confirming authenticity and marketing of indigenous specialities.
Union Health Minister Dr. Mansukh Mandaviya Launches

BRICS Vaccine R&D Centre
• Union Minister of Health and Family
Welfare, Dr. Mansukh Mandaviya
launched the BRICS Vaccine R&D Center
and Workshop on Vaccine Cooperation.
• This will help to pool together

complementary advantages of BRICS
countries in vaccine research and
development and boost the capacity of
BRICS countries to prevent and control
infectious diseases and provide timely help
to other developing countries in need.
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Recent news related to BRICS
• The first BRICS Sherpas meeting of 2022 was held virtually on January 18-19 2022, with the members
thanking India for its BRICS chairship in 2021. China has taken on the rotating chairmanship of BRICS in
2022. BRICS is a grouping of five major emerging economies — Brazil, Russia, India, China, and South
Africa.
• Egypt added as the fourth new member of BRICS New Development Bank. Bangladesh, UAE, and
Uruguay joined BRICS New Development Bank in September 2021. BRICS New Development Bank is a
multilateral bank that was established by Brazil, Russia, China, India, and South Africa to finance
sustainable development and infrastructure projects.
• Prime Minister of India, Narendra Modi has chaired the 13th BRICS Summit, through video conferencing.
The theme of the India-led Summit was “BRICS@15: Intra-BRICS Cooperation for Continuity,
Consolidation and Consensus.”
About BRICS
• BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China, and
South Africa. The BRICS members are known for their significant influence on regional affairs. Since 2009,
the governments of the BRICS states have met annually at formal summits.
• China - 2022 host
• Founders: Russia, China, Brazil, United Nations General Assembly
Skill Development Ministry recognises INS Shivaji as the Centre

of Excellence in Marine Engineering
• Ministry of Skill Development and
Entrepreneurship has recognised INS Shivaji as
the Centre of Excellence in the field of Marine
Engineering.
• INS Shivaji is an Indian Naval Station in

Lonavala, Maharashtra.
• It houses the Naval College of

Engineering, which educates and trains Indian
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Navy and Coast Guard officials.
• It has three premier training entities, namely Centre of Marine Engineering and Technology (CMET),
Centre of Excellence in Marine Engineering and School of Basic Sciences.
• The Nuclear Biological Chemical Defence School, which trains naval personnel on all aspects of NBCD, is
also located in the station.
• The naval Station was commissioned as HMIS (His Majesty's Indian Ship) Shivaji in February, 1945.
• CoE is a body that provides leadership, best practices, research, support, training of trainers and skill
training for a specific sector/s.
• The literal meaning of a Centre of Excellence is – ‘A place where the highest standards are maintained’.
• As per the National Policy for Skill Development & Entrepreneurship, 2015, it was decided that National
Skills Universities and Institutes will be promoted in partnership with States as centres of excellence for
skill development and training of trainers.
Recent news Ministry of Skill Development and Entrepreneurship & Centre of Excellence
• India Skills 2021 national competition concluded with more than 200 participants who were felicitated by
the Ministry of Skill Development and Entrepreneurship. As many as 270 winners of the Competition
felicitated with 61 gold, 77 silver, 53 bronze and 79 medallions of excellence. More than five hundred
competitors from across the country participated in the competition to showcase their talent from 54
industrial sectors.
• The government of Karnataka has launched India’s first AVGC Center of Excellence (CoE) (Animation,
Visual Effects, Gaming, and Comics) in Mahadevapura, Bengaluru, Karnataka. AVGC CoE was launched
with pioneering high technology digital media hub under its Innovate Karnataka initiative. It is funded by
the Department of Electronics Information Technology Biotechnology and Science & Technology.
Karnataka became India’s first state to set up such an AVGC CoE, it is also the biggest centre in Asia.
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PM inaugurated Biplobi Bharat Gallery at Victoria Memorial

Hall, Kolkata
• On the occasion of 'Shaheed Diwas'
or Martyrs' Day, Prime Minister
Narendra Modi inaugurated Biplobi
Bharat Gallery.
• The Gallery displays the contribution

of the revolutionaries in the freedom
struggle and their armed resistance to
British colonial rule.
• The purpose of this new gallery is to

provide a holistic view of the events that led up to 1947 and highlight the important role played by the
Revolutionaries.
• It showcases the birth of the revolutionary movement, formation of significant associations by

revolutionary leaders, spread of the movement, formation of Indian National Army, contribution of Naval
Mutiny, among others.
Recent news related to Kolkata
• UNESCO has added Durga Puja in Kolkata to its 2021 list of Intangible Cultural Heritage, giving
international recognition to the biggest religious festival of the 331-year-old city and the state of West
Bengal.
• The 45th International Kolkata Book Fair was organised from February 28 till March 13. The focal theme
country this year is Bangladesh. Due to both Bangabandhu’s birth centenary and Bangladesh’s 50 years of
Independence the theme this year is Bangladesh. Bangladesh Day celebrated on March 3 and 4.
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Cabinet approves extension of applicability of New Investment Policy-

2012 for three units of Hindustan Urvarak and Rasayan Limited
• The Cabinet Committee on Economic

Affairs chaired by Prime Minister Shri Narendra
Modi has given approval for the proposal of the
Department of Fertilizers for extension of
applicability of New Investment Policy (NIP)-
2012 for the three units of Hindustan Urvarak &
Rasayan Limited (HURL) viz. Gorakhpur, Sindri
and Barauni.
• HURL is reviving the erstwhile Gorakhpur

and Sindri Units of FCIL and Barauni Unit of GFCL
by setting up new gas based Urea Plants with the installed capacity of 12.7 Lakh Metric Ton Per Annum
each (ILMTPA).
• The cost of three HURL Urea projects is Rs. 25,120 crore. GAIL is supplying Natural Gas to these three
units of HURL.
• HURL Plants are a part of the initiative taken by the Government to revive the closed urea units of
SCIL/HFCL in order to achieve self-sufficiency in urea sector.
• These three facilities integrate the world’s best technologies aiming to meet the demand for urea in
Seven States of India, namely Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh, Madhya Pradesh, West
Bengal and Odisha.
About HURL:
• HURL, incorporated on 15th June, 2016 is a Joint Venture Company by Coal India Limited (CIL), NTPC
Limited (NTPC) and Indian Oil Corporation (IOCL).
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Cabinet approves Minimum Support Price of Raw Jute for 2022 -

23 season
• The Cabinet Committee on Economic
Affairs, chaired by the Prime Minister, Shri
Narendra Modi approved the Minimum Support
Price (MSP) for Raw Jute for 2022-23 season.
• The approval is based on

recommendations of the Commission for
Agricultural Costs and Prices.
• The MSP of Raw Jute has been fixed at

Rs.4750/- per quintal for 2022-23 season with
an increase of Rs.250/- over the previous year.
• The announced MSP of raw jute for 2022-23 season is in line with the principle of fixing the MSP at a level
of at least 1.5 times all India weighted average cost of production as announced by the Government in
the Budget 2018-19.
• It assures a minimum of 50 percent as margin of profit.
Jute Corporation of India:
• CMD: Ajay Kumar Jolly
Curtain raiser ceremony and website launch of National Conference on

the occasion of 65th anniversary of adoption of the National
Calendar of India
• As part of Azadi ka Amrit Mahotsav

Curtain raiser ceremony and website
launch of two-day National Conference
on the occasion of 65th anniversary of
adoption of the National Calendar of
India was held.
• ‘Indian National Calendar’, is a scientific

expression of India’s identity and was
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adopted constitutionally by our parliament in 1957.
• Vijnana Bharati in association with Ministry of Culture, Department of Science and Technology, Council
of Scientific and Industrial Research, Ministry of Earth Sciences and many other scientific organisations
like IUCAA, IIA, Vikram University Ujjain, IIT Indore, etc., and social scientific organisations like Rashtriya
Dindarshika Prachar Manch, etc. have organised the conference at National level.
• Ujjain and Dongla in collaboration with various ministries, organisations in order to promote national
calendar.
• A Two-Day Conference and Exhibition on the National Calendar of India have been scheduled on April 22-
23, 2022 at Ujjain and Dongla (a place on the tropic of Cancer).
• To promote and popularise the conference six curtain-raisers of this event have been scheduled on 22
March 2022 at CSIR-NPL, New Delhi; 29 March 2022 at Indian Institute of Astrophysics, Bengaluru; 05
April 2022 at S. N. Bose National Centre for Basic Sciences, Kolkata; 06 April 2022 at Guwahati; 10 April
2022 at Central University of Jammu, Jammu and on 11 April 2022 at University of Mumbai, Mumbai.
Central Consumer Protection Authority passes order against

advertisements of Sensodyne products
• The Central Consumer Protection

Authority (CCPA) headed by Nidhi Khare recently
passed order against misleading advertisements
of Sensodyne products which make the claims
“Recommended by dentists worldwide” and
“World’s No.1 sensitivity toothpaste”.
• CCPA has ordered discontinuation of

advertisements of Sensodyne products which
make the claims “Recommended by dentists
worldwide” and “World’s No.1 sensitivity
toothpaste” within seven days and directed payment of penalty of ₹10,00,000. Also, advertisements
which show endorsements by foreign dentists have been ordered to be discontinued as per the earlier
order passed by CCPA.
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Ministry of Civil Aviation organizing ‘WINGS INDIA 2022’ from

24th – 27th March 2022 in Hyderabad
• Ministry of Civil Aviation(MOCA) and

FICCI are jointly organizing WINGS INDIA
2022 - Asia's largest event on Civil
Aviation (Commercial, General and
Business Aviation)
• It will provide a much-desired fillip to the

aviation, and restructured focused forums
shall be instrumental in attaining the
objective of connecting the Buyers,
Sellers, Investors, and other stakeholders
at a common vantage forum 'WINGS INDIA 2022' from 24th – 27th March 2022, Begumpet Airport,
Hyderabad, India.
• As part of the country’ Azadi Ka Amrit Mahotsav (AKAM), the theme of the event is “India@75: New
Horizon for Aviation Industry”.
Visits, Meetings And Conferences
14th India-Japan annual summit 2022 in New Delhi

• The Prime Minister of Japan, Fumio
Kishida, was on a two-day visit to India to
attend 14th India Japan summit 2022 in
New Delhi
• This was Fumio Kishida’s first visit to the

country since he took charge of the office
last year, and also his first meeting with
Prime Minister Narendra Modi.
• The last India-Japan summit took place in
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2018 in Tokyo.
• During the summit, India and Japan launched a Clean Energy Partnership (CEP) for cooperation towards
achieving sustainable economic growth, addressing climate change and ensuring energy security. It will
also boost job creation, innovation and investments.
• The implementation of the partnership will be undertaken under the existing ‘India-Japan Energy
Dialogue’ established in 2007 and will substantially expand the areas of collaboration for mutual benefit
like waste management, clean steel, clean construction, electric vehicles, solar energy, and water
management, among others.
• Japan has raise its investment target in India to 5 trillion yen which is around USD 42 billion (Rs 3.20
lakh crore) over the next five years.
• The investment target of 3.5 trillion Japanese yen ($29 billion) announced in 2014 has been achieved in
2014-2019.
• PM Narendra Modi gifted Fumio Kishida a ‘Krishna Pankhi’, a sandalwood artifact by master artisans in
Churu in Rajasthan with intricate work with its windows depicting different poses of Lord Krishna,
representing love, compassion and tenderness.
• The Pankhi (hand fan) is carved with traditional tools and has a hand carved peacock figure at top, India’s
national bird.
List of MoUs/Agreements signed
• Memorandum of Cooperation (MoC) in the field of Cybersecurity for information sharing, capacity
building programs and cooperation.
• Both sides finalized 7 loans from Japan International Cooperation Agency (JICA) JICA Loans worth Rs
20400 crores for projects in connectivity, water supply and sewerage, horticulture, healthcare, and
biodiversity conservation in various States. These are:
• Dedicated Freight Corridor Project (Phase 2) (III)
• North East Road Network Connectivity Improvement Project (NH208 (Khowai –Sabroom)) Phase 6
• Bengaluru Water Supply and Sewerage Project (Phase 3) (II)
• Uttarakhand Integrated Horticulture Development Project
• Strengthening Health Systems and Excellence of Medical Education in Assam
• Tamil Nadu Biodiversity Conservation and Greening Project Phase –II
• Chennai Metro (Phase 2) (II)

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• Amendment of Article 7 (Exchange of Information) of Implementing Agreement (IA) signed between India
and Japan as per Article 13 of India-Japan Comprehensive Economic Partnership Agreement (CEPA)
• Amendment of Annex 2 (Product Specific rules) of CEPA to allow the fish surimi product of India with the
non-originating additive to be considered as an originating good of India.
• MoC on Decentralized Domestic Wastewater Management was signed to introduce Johkasou technology
in India by Japanese companies for decentralized waste water treatment. It is used in areas where
sewage infrastructure has not yet been developed.
• Both sides agreed on India-Japan Industrial Competitiveness Partnership Roadmap to implement the MoC
on India-Japan Industrial Competitiveness Partnership that was signed in November 2021. It seeks to
address issues that Japanese companies face in India, through a fast-track mechanism. It includes
cooperation in Micro, Small and Medium Enterprises (MSME) sector and supply chain matters.
• MoC signed on Sustainable Urban Development. It Builds on the 2007 Memorandum of Understanding
(MoU) on Urban Development to include smart cities development, affordable housing, urban flood
management, wastewater management, Intelligent Transport Management System etc.
Schemes And Portals
Ministry of Heavy Industries extends Phase-II of FAME India

Scheme for two years till 2024
• The Ministry of Heavy Industries has
sanctioned 2877 charging stations in 68 cities
across 25 states/UTs under Phase-II of FAME
India Scheme. Further, MHI has sanctioned 1576
EV Charging Stations across 16 Highways & 9
Expressways under this phase.
• As per the Ministry of Power guidelines,

there shall be at least one charging station at
every 25 kms on both sides of the Highway and
also at least one Charging Station for long
Range/Heavy Duty EVs at every 100 kms on both sides of the Highway. For the city at least one
charging station will be set up in a grid of 3km x 3km.
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• The Ministry of Heavy Industries had sanctioned about 520 Charging Stations/ Infrastructure for about
Rs. 43 Crore under Phase-I of Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India
(FAME India) Scheme.
• Further, a budget provision of Rs. 1000 Crore has been earmarked for a period of 5 years [2019-20 to
2023-24] for establishment of charging infrastructure under Phase-II of FAME India Scheme.
Reports And Indices
IQAir’s 2021 World Air Quality Report

• Sixty-three of the world's 100 most
polluted cities are in India, according to
the World Air Quality Report 2021,
prepared by Swiss organisation IQAir.
• Delhi tops the list of capitals with the

highest average annual PM2.5
concentration.
• It is followed by Dhaka (Bangladesh),

N'Djamena (Chad), Dushanbe (Tajikistan)
and Muscat (Oman). None of the cities in
India meet the World Health Organization (WHO) air quality guideline of 5 micrograms per cubic metre.
• 48 per cent of Indian cities exceeded 50µg/m3.
• Bhiwadi in Rajasthan's Alwar is the most polluted regional city, with an average PM2.5 concentration of
106.2 micrograms per cubic metre followed by Ghaziabad, Delhi and Jaunpur.
• The report mentioned that the cleanest air measured in India is in Ariyalur, Tamil Nadu, but even that is
thrice the WHO's safe levels.
• Central and South Asia have some of the worst air quality and were home to 46 of the world's 50 most
polluted cities in 2021.
• Bangladesh was the most polluted country, followed by Chad, Pakistan and Tajikistan. India was the fifth
most polluted country.
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• The 2021 World Air Quality Report by Swiss organisation IQAir is the first major global air quality report
based on updated annual WHO air quality guidelines for PM2.5.
• The new guidelines were released in September 2021 and cut existing annual PM2.5 guideline values
from 10 Aug/m 3 to 5 Aug/m 3.
• The report has analysed PM2.5 air pollution measurements in 6,475 cities in 117 countries, regions and
territories.
• Of the 15 most polluted cities in Central and South Asia in 2021, 12 were in India.
• PM2.5 concentration in New Delhi increased by 14.6 per cent in 2021 to 96.4 Ig/m3, compared to 84
Ig/m3 in 2020.
Global House Price Index Q4 2021

• India has improved its rank by five spots
to be placed at 51st position within the ‘Global
House price index Q4 2021’ released by property
consultant Knight Frank.
• India was placed at 56th position in Q4 of

2020. India witnessed a 2.1 percent annual
appreciation in housing price rates during the
October-December quarter of 2021 against Q4 of
2020.
• Turkey saw the highest annual price rate

of growth by 59.6 percent in Q4 2021.
• New Zealand (22.6 percent), Czech Republic (22.1 percent), Slovakia (22.1 percent), and Australia (21.8
percent) are among the highest 5 countries respectively within the latest research report.
• Malaysia, Malta, and Morocco markets recorded a decline in housing prices by 0.7 percent, 3.1 percent,
and 6.3 percent, respectively, within the year 2021.
• Global House price index tracks the movement in mainstream residential prices across 56 countries and
territories worldwide using official statistics.
• The index tracks nominal and real price growth in local currencies.
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• The average annual price change across 56 countries and territories was recorded at 10.3 per cent,
according to the report.
About Knight Frank:
• Headquarters: London, United Kingdom
• Founder: Howard Frank
Defence News
3rd edition of joint training exercise between Indian and

Uzbekistan armies- EX-DUSTLIK
• The 3rd edition of the joint training
exercise named EX-DUSTLIK between the
Indian army and Uzbekistan army begins
at Yangiarik, Uzbekistan from 22 to 31
March 2022.
• The last edition of DUSTLIK was conducted

in Ranikhet (Uttarakhand) in March 2021.
• The Indian contingent will be represented

by the Grenadiers Regiment and will join
the Uzbekistan Army contingent represented by troops of the North-Western Military District.
Recent News related to Uzbekistan
• Shavkat Mirziyoyev, the incumbent President of Uzbekistan has won a 2nd five-year term as the
President of Uzbekistan. He is a member of the UzLiDeP (Uzbekistan Liberal Democratic Party). Shavkat
Mirziyoyev took office in 2016 following the death of Islam Karimov, the first post-independence
president of Uzbekistan.
• The 5th edition of the Asian Youth Para Games 2025 will be hosted by Tashkent, the capital of
Uzbekistan, and the approval given by the Asian Paralympic Committee’s (APC) Executive Board. For the
first time, ‘Asian Youth Games 2025’ and ‘Asian Youth Para Games 2025’ will be hosted in the same city &
in the same venues.
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Uzbekistan:
• Capital: Tashkent;
• President: Shavkat Mirziyoyev;
• Currency: Uzbekistani soʻm.
International News
China Develops Laser Weapon to Destroy Satellites in Space

• China have developed a microwave
machine ‘Relativistic Klystron Amplifier (RKA)’ to
jam/destroy satellites or sensitive electronics in
satellites in space.
• The device can generate a wave burst of 5

Megawatts in the Ka-band. This band is a portion
of the electromagnetic spectrum used for civil
and military purposes.
• RKA can be mounted onto satellites for

attacking enemy assets in space.
• China is currently denying that their RKA is a Directed Energy Weapon which is a system that uses
concentrated electromagnetic energy to destroy enemy equipment in a physical conflict.
China:
• Capital: Beijing
• Currency: Renminbi
• President: Xi Jinping
Recent News related to China
• China has launched the world’s first Earth-science satellite, Guangmu or SDGSAT-1 into space from the
Taiyuan Satellite Launch Center in the northern Shanxi Province. The satellite was launched by the
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Chinese Academy of Sciences (CAS) and developed by the International Research Center of Big Data for
Sustainable Development Goals (CBAS).
• Yahoo Inc. has announced that the company has stopped providing service in mainland China with effect
from November 01, 2021, due to the increasingly challenging business and legal environment in the
country. With this Yahoo has ended its 22-year presence in the Chinese market.
• China successfully launched a new satellite named Shijian-21. The satellite will be used to test and verify
space debris mitigation technologies. Shijian-21 was launched from the Xichang Satellite Launch Centre in
southwest China’s Sichuan Province on a Long March-3B carrier rocket.
• China is celebrating the Spring Festival, it’s the most important annual festival as it entered the Lunar
new “Year of the Tiger”. Last year was celebrated as the Lunar Year of the Ox. According to the Chinese
Zodiac calendar, the Year of the Ox has ended and the Year of the Tiger has begun from February 1, 2022,
and will end on January 21, 2023.
Sports
Neeraj Chopra and Mirabai Chanu wins ‘Sportstar of the Year’

award at 2022 Sportstar Aces Awards
• Tokyo Olympic gold medallist, Neeraj
Chopra claimed the coveted ‘Sportstar of
the Year (Male)’ award at the 2022
Sportstar Aces Awards.
• Weightlifter Mirabai Chanu, who claimed

the silver medal at the Tokyo Olympics,
received the ‘Sportstar of the Year
(Female)’ award.
• Sports Aces Awards celebrate the spirit of

excellence in sports and hopes to inspire the athletes and sportspersons to continue to strive to break
new records and reach mew pinnacles of glory.
• The associate Partner of 2022 awards were Byju's Classes and IDFC First Bank.
• Other awardee’s in the list:
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• Lovlina Borgohain (Sportswoman of the Year, Individual Sports)
• Avani Lekhara (Parathlete of the Year, Female)
• Pramod Bhagat (Special Recognition award)
• Savita (Sportswoman of the Year, Team Sports), and Rupinder Pal Singh (Sportsman of the Year, Team
Sports).
• Arif Khan wins Special Recognition Award at Sportstar Aces 2022.
• Former Indian hockey team captain Ajit Pal Singh was conferred the ‘Lifetime Achievement award. Ajit
was part of two Olympic bronze-winning teams, including one at the 1972 Munich Games.
Recent News related to Sports
• The Government has decided to continue the scheme of ‘Khelo India – National Programme for
Development of Sports’ over the 15th Finance Commission Cycle — 2021-22 to 2025-26 — at an outlay of
Rs 3165.50 crore. Khelo India Scheme Allocation increases by 48 per cent in Budget 2022 and includes it
in the Prime Minister’s Award Scheme.”
• Mission Olympic Cell under the Ministry of Youth Affairs and Sports has added ten athletes to the list of
athletes who would be provided support under the Target Olympic Podium Scheme (TOPS). Total 10 new
entrants, five athletes have been included in the Core group while five have been added to the
Development group. Now, the total number of athletes under TOPS has increased to 301, which includes
107 in the Core group while 294 in the Development group.
Ministry of Youth Affairs:
• Minister: Anurag Singh Thakur
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Venezuelan athlete, Yulimar Rojas Created World Record in

Triple Jump
• Venezuela's Yulimar Rojas nicknamed “la
reina del triple salto – queen of the triple jump”
bettered her own women's triple jump world
record with a leap of 15.74 metres to win gold at
the World Indoor Championships at Belgrade,
Serbia.
• The Olympic champion beat her previous

outright best of 15.67 metres set at the Tokyo
Games last year, as well as her indoor record of
15.43 metres, set in 2020.
• Rojas jumped over 15 metres four times in the final in Belgrade
• Maryna Bekh-Romanchuk of Ukraine won silver with 14.74 metres.
• She won her third straight world indoor triple jump gold, adding to successes in Portland in 2016 and
Birmingham in 2018.
• Yulimar Rojas is the first female Olympic gold medalist from Venezuela.
World tennis No.1 Ashleigh Barty announces retirement

• Australia's world number one Ashleigh
Barty announced her shock retirement from
tennis aged just 25.
• Barty has been the No.1-ranked WTA

player for 114 consecutive weeks and counting.
• Barty is retiring after winning three major

singles titles on three different surfaces - the
2019 French Open, the 2021 Wimbledon and,
back in January, the Australian Open.
• She collected 15 titles in singles and 12 in doubles - more than any other active player in that span.
Page 21 of 31
• Barty's current reign as No.1 is the fourth-longest streak in the history of the Hologic WTA Tour, behind
Steffi Graf (186 weeks), Serena Williams (186) and Martina Navratilova (156). Her 121 total weeks are
No.7 all time.
Recent news related to Tennis
• In tennis, Rafael Nadal (Spain) beat British number one Cameron Norrie 6-4 6-4 to win the singles title of
Mexican Open 2022 (also known as Acapulco title). This is the 91st ATP title of his career and the third
title of the season. This is the fourth time that Rafael Nadal has won the Mexican Open title, after
winning the previous ones in 2005, 2013 and 2020. Men’s double title winners are Feliciano Lopez (Spain)
and Stefanos Tsitsipas (Greece).
• In tennis, Aslan Karatsev defeated Andy Murray by 6-3, 6-3, to win men’s single title at the Sydney Tennis
Classic final, to claim his third ATP Tour title. The women’s single title was claimed by Spanish world
number nine Paula Badosa, who defeated Barbora Krejcikova 6-3 4-6 7-6(4), to capture her third career
title.
Obituary
Former Malian Prime Minister Soumeylou Boubeye Maiga passes away
• The former Prime Minister of Mali,

Soumeylou Boubèye Maïga has passed
away.
• Maiga served as prime minister of Mali

from 2017 until 2019.
• He had been detained since August 2021

after the country was taken over by a
military junta.
• He was appointed Keita’s prime minister in

2017 but resigned in April 2019 over a massacre that left 160 people dead.
Mali:
• Capital: Bamako
• Currency: West African CFA franc

Page 22 of 31
Bangladesh’s ex-interim president Shahabuddin Ahmed passes away
• Shahabuddin Ahmed, the former

President of Bangladesh has passed away
• Shahabuddin Ahmed served as the

President of Bangladesh from 1996 to 2001.
• After his presidential tenure, he resumed

his position as the chief justice of Bangladesh.
Bangladesh:
• President- Abdul Hamid
• Prime minister- Sheikh Hasina
• Currency- Bangladeshi taka
• Capital- Dhaka
Important Days
World Head Injury Awareness Day 2022: March 20

• World Head Injury Awareness Day is
observed on March 20th annually to foster
awareness on head injury and strategies to
prevent accidents and brain injuries.
• The theme for 2021-2023 campaign for

world head injury awareness day is "More
Than My Brain Injury".
• More than 5% of the population land up in

serious brain injury after an accident.
Nearly, 89,000 traumatic brain injury cases are reported in South Africa every year.
Page 23 of 31
• March 20th is celebrated as World Head Injury Awareness Day to educate the public on the impact of
brain injuries on quality of life and ways to prevent it.
International Nowruz Day 2022 – March 21

• The United Nations (UN)’s International
Day of Nowruz is annually observed across the
globe on 21st March to create awareness about
Nowruz, which promotes values of peace and
solidarity between generations and within
families as well as reconciliation and
neighbourliness.
• The word Nowruz (Novruz, Navruz,

Nooruz, Nevruz, Nauryz), means “new day”.
• Nowruz marks the first day of spring and is celebrated on the day of the astronomical vernal equinox,
when the sun crosses the celestial equator and night and day are equal in length, which usually occurs on
21 March.
• The festival of Nowruz is named after the Persian king, Jamshed, who created the Persian or Shahenshahi
calendar.
• In India, the festival is mostly celebrated around August 16-17 by the Parsi community following the
Shahenshahi calendar which does not comprise of leap year.
World Water Day 2022: 22 March

• World Water Day is observed on March 22
to raise awareness about the importance
of water and educate people to conserve
it.
• According to the official website of the

United Nations around 2.2 billion people
live without access to safe water around
Page 24 of 31
the world.
• A principal focus of World Water Day is to support the achievement of United Nations' Sustainable
Development Goal 6, which is to ensure safe water and sanitation for all by 2030.
• The theme of World Water Day this year is “Groundwater, making the invisible visible”.
• The idea of observing a water day around the world was first mooted during the United Nations
Conference on Environment and Development in Rio de Janeiro in 1992.
World Meteorological Day 2022

• Every year on March 23, World
Meteorological Day is commemorated.
• The World Meteorological Organisation

which is an intergovernmental organisation, was
founded on this day.
• The World Meteorological Organization

has been commemorating World Meteorological
Day since 1961, with a new topic chosen each
year.
• The topic of this year's World Meteorological Day, which falls on March 23, is 'Early Warning and Early
Action,’
• The day commemorates the founding of the World Meteorological Organization (WMO), which now has
193 member countries and territories.
• The International Meteorological Organization (IMO), whose concept dates back to the Vienna
International Meteorological Congress of 1873, gave birth to the organisation.
• Following the passage of the WMO convention in 1950, the organisation was founded as a specialised
agency of the United Nations (UN) in 1951.
World Meteorological Organization:
• President : David Grimes
• Headquarters : Genva, Switzerland

Page 25 of 31
Recent News related to WMO
• The low-pressure area in the Bay of Bengal is expected to intensify into Cyclone Jawad which is likely to
reach the north Andhra Pradesh, south Odisha coasts and Some parts of West Bengal. The storm, once
developed, will be called Jawad (pronounced Jowad), as named by Saudi Arabia.
• After Yaas in May and Gulab in September, this will be the third cyclone headed towards the east coast
this year. A rotational list of the names of cyclones is maintained by the World Meteorological
Organisation (WMO), with the names specific for each tropical zone.
Shaheed Diwas or Martyrs’ Day-23rd March

• Every year, the Nation observed on
March 23rd as Martyrs Day (Shaheed
Diwas or Sarvodaya Day).
• The day was observed to pay tribute to the

death anniversary of the freedom fighters
Bhagat Singh, Sukhdev Thapar, and
Shivaram Rajguru, who laid their lives for
the freedom of India.
• It was on March 23, 1931, when the three

were hanged to death in the Lahore Central Jail in British India (now Pakistan) by Britishers.
• 30 January is observed as Martyr’s Day or Shaheed Diwas in the memory of Mahatma Gandhi.
Page 26 of 31
Banking And Financial News
SEBI amends Rules for Category III Alternative Investment Funds

• The Securities and Exchange Board of
India has amended the rules regarding
investment aspects of Category III of alternative
investment funds. The new norms will be called
as ‘SEBI’s AIF Regulations, 2022’
• Category III AIFs trade with a view to make

short term returns. These are open ended, and no
specific incentives are given by the government
or any other Regulator.
• Category III AIFs cannot invest more than 10% of the investable funds in an investee company, directly or
through investment in units of other AIFs.
• The large value funds for accredited investors of Category III AIFs can invest up to 20% of the investable
funds in an investee company, directly or through investment in units of other AIFs.
• AIFs are defined in Regulation 2(1) (b) of SEBI (Alternative Investment Funds) Regulations, 2012.
• These are privately pooled investment vehicles which collect funds from investors whether Indian or
foreign for investing these funds in India.
• Category I: Mainly invests in start- ups, SME’s (Small and Medium Enterprises) or any other sector which
Govt. considers economically and socially viable.
• Category II: These include AIFs such as private equity funds or debt funds for which no specific incentives
or concessions are given by the government or any other Regulator
Securities and Exchange Board of India :
• Chairperson – Madhabi Puri Buch
• Headquarters – Mumbai
Page 27 of 31
Kotak Mahindra Bank becomes 1st Indian Bank to sign MoU

with Business France
• Kotak Mahindra Bank Ltd signed a
memorandum of understanding with
Business France, a French National agency
involved in exports and international
investments in France, to provide support
to companies in the Indo-French corridor.
• The KMBL became the first Indian bank to

sign a MoU with Business France.
Kotak Mahindra Bank Limited (KMBL):
• CEO– Uday Kotak
• Headquarters-Mumbai
USAID & Mastercard Partners to Promote Digital Empowerment

of Women under Project Kirana
• The US Agency for International
Development and Mastercard have partnered to
promote digital empowerment of women in India
through ‘Project Kirana’, a digital financial
literacy programme for women entrepreneurs in
India.
• Project Kirana is a two year programme

started in November 2020.
• It is working in some selected cities like

Kanpur, Lucknow and Varanasi of Uttar Pradesh.
• It provides assistance to women to prepare basic business management skills such as sales, accounting,
budget management, and insurance to become successful kirana entrepreneurs.
Page 28 of 31
United States Agency for International Development (USAID):
• Founder- John F. Kennedy
• Headquarters- Washington, DC
• Administrator– Samantha Power
Mastercard:
• CEO- Michael Miebach
• Headquarters- New York
SGX selected TCS to power NSE IFSC-SGX Connect in GIFT City

• Tata Consultancy Services Ltd’s BaNCS
grabbed a 5-year contract from Singapore
Exchange to power the NSE IFSC-SGX
Connect (Gift Connect) in special
economic zone Gujarat International
Finance Tec-City
• It aims to bring together the trading of

Nifty products in the Gujarat International
Finance Tec-City (GIFT) in Gandhinagar,
Gujarat on behalf of its members in
Singapore and globally.
National Stock Exchange (NSE):
• Managing Director & CEO– Vikram Limaye
• Headquarters– Mumbai
Page 29 of 31
SBI to set up Innovation, Incubation and Acceleration Centre at

Hyderabad
• The State Bank of India will set up an
Innovation, Incubation and Acceleration Centre
at Hyderabad, Telangana
• This Centre will be the bank’s in-house

capability to enhance its current performance and
drive higher top-line growth through innovation.
State Bank of India:
• Chairman – Dinesh Kumar Khara
• Headquarters – Mumbai
Central Record Keeping Agency under the National Pension System

announced by Computer Age Management Services Limited
• The go-live and opening of the Central

Record Keeping Agency under
the National Pension System has been
announced by Computer Age
Management Services Limited (CAMS),
India’s largest registrant and transfer
agent of mutual funds (a SEBI regulated
business).
• CAMS was chosen as a CRA by the sector

regulator, the Pension Fund Regulatory
and Development Authority (PFRDA), to broaden the services available to NPS subscribers and the
ecosystem.
• The National Pension Scheme (NPS), a voluntary retirement scheme created and administered by
the Pension Fund Regulatory and Development Authority (PFRDA), was launched by the Central
Page 30 of 31
Government on January 1, 2004 to assist in the building of a retirement corpus.
HDFC Bank to launch “SmartHub Vyapar programme” and

“Autofirst” application for small business loans
• HDFC Bank has announced to launch the
following two initiatives/applications to give a
digital push to small business loans.
• ‘AutoFirst’ application that will offer fully

automated auto loans.
• SmartHub Vyapar programme - It is an

app that bundles all payment platforms – cards,
UPI, QR code, tap pay and SMS-based payments.
DBS Bank India Launches Green Deposits Programme

• DBS Bank India has announced the launch
of Green Deposit Programme for
corporate clients which will provide a
simple way for the companies to support
environmentally friendly projects or
avenues.
• Green Deposits will fund green industries

and initiatives such as green building
sustainable water initiatives that include
wastewater management, renewable
energy and clean transportation.
Page 31 of 31

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Daily Current Affairs- 24th March 2022

1) Geographical Indication tag awarded to the Narasingapettai Nagaswaram

3) Skill Development Ministry recognises INS Shivaji as the Centre of Excellence in

4) PM inaugurated Biplobi Bharat Gallery at Victoria Memorial Hall, Kolkata

5) Cabinet approves extension of applicability of New Investment Policy-2012 for three

8) Central Consumer Protection Authority passes order against advertisements of

10) 14th India-Japan annual summit 2022 in New Delhi

12) IQAir’s 2021 World Air Quality Report

13) Global House Price Index Q4 2021

15) China Develops Laser Weapon to Destroy Satellites in Space

18) World tennis No.1 Ashleigh Barty announces retirement

20) Bangladesh’s ex-interim president Shahabuddin Ahmed passes away

21) World Head Injury Awareness Day 2022: March 20

22) International Nowruz Day 2022 – March 21

23) World Water Day 2022: 22 March

24) World Meteorological Day 2022

25) Shaheed Diwas or Martyrs’ Day-23rd March

30) SBI to set up Innovation, Incubation and Acceleration Centre at Hyderabad

33) DBS Bank India Launches Green Deposits Programme

Geographical Indication tag awarded to the Narasingapettai

• The Narasingapettai Nagaswaram has

• The Geographical Indications Registry of

• The artisans mastered the craft of

About the GI tags

• In India, GI registration is administered by the Geographical Indications of Goods (Registration and

Recent news related to GI Tag

Union Health Minister Dr. Mansukh Mandaviya Launches

• This will help to pool together

Recent news related to BRICS

• China - 2022 host

• Founders: Russia, China, Brazil, United Nations General Assembly

Skill Development Ministry recognises INS Shivaji as the Centre

• INS Shivaji is an Indian Naval Station in

• It houses the Naval College of

Navy and Coast Guard officials.

PM inaugurated Biplobi Bharat Gallery at Victoria Memorial

• The Gallery displays the contribution

• The purpose of this new gallery is to

• It showcases the birth of the revolutionary movement, formation of significant associations by

Recent news related to Kolkata

Cabinet approves extension of applicability of New Investment Policy-

• The Cabinet Committee on Economic

• HURL is reviving the erstwhile Gorakhpur

Cabinet approves Minimum Support Price of Raw Jute for 2022 -

• The approval is based on

• The MSP of Raw Jute has been fixed at

• It assures a minimum of 50 percent as margin of profit.

Jute Corporation of India:

• CMD: Ajay Kumar Jolly

Curtain raiser ceremony and website launch of National Conference on

• As part of Azadi ka Amrit Mahotsav

• ‘Indian National Calendar’, is a scientific

adopted constitutionally by our parliament in 1957.

Central Consumer Protection Authority passes order against

• The Central Consumer Protection

• CCPA has ordered discontinuation of

Ministry of Civil Aviation organizing ‘WINGS INDIA 2022’ from

• Ministry of Civil Aviation(MOCA) and

• It will provide a much-desired fillip to the

Visits, Meetings And Conferences

14th India-Japan annual summit 2022 in New Delhi

• This was Fumio Kishida’s first visit to the

• The last India-Japan summit took place in