NTPC Renewable Energy Limited signs Term Sheet with Greenko ZeroC
- NTPC Renewable Energy Ltd has signed Term Sheet with Greenko ZeroC Pvt Ltd (A Greenko Group Company).
- It has been signed to supply 1300 MW Round the Clock RE Power for powering Greenko’s upcoming Green Ammonia Plant at Kakinada, India.
- The agreement between the two companies is one of the world’s single largest contract for supply of round-the-clock renewable supply for an industrial client.
India’s merchandise imports to cross $700 billion in FY23
- India’s merchandise imports are estimated to grow by about 16 per cent to USD 710 billion in FY2023 due to a jump in inbound shipments of crude oil, coal, diamonds, chemicals and electronics.
- This was mentioned in a report by economic think tank GTRI.
- The estimated value of petroleum imports is USD 210 billion and this includes crude oil, LNG and LPG.
SpiceJet’s Ajay Singh takes over as ASSOCHAM President
- SpiceJet chief Ajay Singh has taken over as President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
- Singh replaces Sumant Sinha, the Managing Director of Renew Power who has completed his tenure at the chamber.
- Sanjay Nayar, the Founder and Chairman of Sorin Investment Fund is the new Senior Vice-President of ASSOCHAM.
Star Sports signs actor Ranveer Singh as brand ambassador
- The Walt Disney Company India-owned channel Star Sports has signed Ranveer Singh as its brand ambassador.
- As per the company, this association makes him the first actor to be associated with Star Sports.
- Star Sports and Ranveer Singh’s journey as partners starts with the opening weekend of IPL.
- It also entails other sporting events coming up including World Test Championship Final.
BCCI signs Herbalife as its official partner for upcoming IPL edition
- The Board of Control for Cricket in India (BCCI) has signed nutrition company Herbalife Nutrition Limited as its partner for the Tata Indian Premier League (IPL) for its current season, 2023.
- The IPL 2023 is scheduled to be played in the country starting this month, from March 31 to May 26, 2023.
- Herbalife sponsors more than 150 world-class athletes which include Virat Kohli, Mary Kom, etc.
United Arab Emirates launches National Genome Strategy
- The UAE has launched its National Genome Strategy.
- It aims to provide a comprehensive legislative and governance framework to support the development and implementation of genomic programs.
- The strategy will last ten years and will focus on delivering public health priorities.
- The Emirates Genome Council, which was established in 2021, will oversee the National Genome Strategy.
PM Modi to virtually address Summit of Democracy
- Prime Minister Narendra Modi virtually addressed the Leader-level Plenary session on the Summit of Democracy on March 29 2023.
- The summit was hosted by South Korean President Yoon Suk Yeol.
- Presidents and Prime Ministers from six countries — Greece, Israel, Italy, Kenya, Croatia, and Timor-Leste also addressed the summit.
- The summit aimed to make democracies more responsive and resilient
Bharali Bedabrate bags bronze in World Youth Championships
- Indian weightlifter Bharali Bedabrate clinched the men’s 67kg bronze medal at the International Weightlifting Federation (IWF) World Youth Championships in Durres, Albania.
- He lifted a total of 267kg (119kg+148kg) to finish third.
- Armenia’s Seryozha Barseghyan 275 kg (128 kg+147 kg) and Saudi Arabia’s Mohammed Al Marzouq 270 kg (119 kg+148 kg) won the gold and silver medals respectively.
EPFO marginally hikes interest rate on deposits to 8.15%
- Employees’ Provident Fund Organisation (EPFO) has decided to recommend an increase of 0.05% in the interest for Provident Fund deposits.
- The new rate, applicable for 2022-23, will be 8.15%.
- The Union Labour Ministry added in the release that the decision involves the distribution of more than ₹90,000 crore in the members’ accounts.
- The total principal amount with the EPFO is ₹11 lakh crore.
Chandigarh hosting 2nd Agricultural Deputies Meeting of AWG
- The second Agricultural Deputies Meeting of Agricultural Working Group is going to be held from 29th March to 31st March 2023 at Chandigarh.
- The delegates from 19 member countries, 10 invited countries and 10 International Organizations will be part of the second Agricultural Deputies Meeting.
- On the first day, AMIS Secretariat organized the 12th session of the AMIS Rapid Response Forum.
First Trade & Investment Working Group Meeting inaugurated in Mumbai
- Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad on March 29, 2023, inaugurated the First Trade & Investment Working Group Meeting in Mumbai.
- In the first session, the Institute of Economic Growth (IEG), Delhi, World Bank (WB), and United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) delivered a presentation on ‘Trade for Growth and Prosperity’.
Dalai Lama names Mongolian boy 3rd highest rank in Tibetan Buddhism
- Dalai Lama named an eight-year-old Mongolian boy born in the United States the 10th Khalkha Jetsun Dhampa Rinpoche – the third highest rank in Tibetan Buddhism on 28 March 2023.
- He is the son of a university professor and the grandson of a former Mongolian member of parliament.
- The Panchen Lama is the second most important spiritual leader in Tibetan Buddhism.
Krishna Prakash: 1st to swim from Gateway of India to Elephanta Caves
- As part of the ‘Drowning Prevention Awareness’ campaign, Indian Police Service (IPS) officer Krishna Prakash swam from Gateway of India to Elephanta Caves, Mumbai.
- He completed the expedition of 16.20 kms in just 5 hours 26 minutes and became the first person in history to do so.
- In 2017, he completed the Ironman Triathlon, one of the most challenging sports events in the world.
First Hockey India Junior Men Zonal Championships 2023 concludes
- The first Hockey India Junior Men Zonal Championships 2023 concluded in the North, South, East, and West Zones on 28 March 2023.
- The Hockey Punjab, Hockey Unit of Tamil Nadu, Hockey Jharkhand, and Hockey Madhya Pradesh were crowned as Champions in their respective zones.
- Hockey Punjab defeated Uttar Pradesh Hockey 3-2 in the North Zone Final.
Sam Burns wins World Golf Championship Match Play title
- Sam Burns secured the 2023 WGC Match Play golf title with a 6 and 5 victory over Cameron Young in the final on 28 March 2023.
- Rory McIlroy also topped in his heavyweight clash with world number one Scottie Scheffler in the consolation match.
- Earlier, he had beaten Scottie Scheffler in a back-and-forth semi-final encounter which was decided at the third playoff hole.
Texas University confers ‘Lifetime Achievement Award’ to Naveen Jindal
- Chairman of Jindal Steel and Power, Naveen Jindal has been honoured with Lifetime Achievement Award by the University of Texas (Dallas).
- An alumni of UT Dallas 1992 batch, he received the award in a ceremony held by the University on March 25, 2023.
- He is the 2nd person to receive the Lifetime Achievement Award from the University of Texas, Dallas after Nobel Laureate Aziz Sancar.
Union Minister Giriraj Singh initiates ‘Captive Employment’ Scheme
- Union Minister for Rural Development Giriraj Singh initiated Captive Employers, a unique initiative under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) in New Delhi on 28 March 2023.
- Captive employers will train Rural Poor Youth and employ trained youth in their companies.
- In the first phase, 19 Captive Employers are being engaged to provide jobs to over 31,000 rural youth.
Union Minister Amit Shah inaugurates Annual Session 2023 of ASSOCHAM
- Union Minister, Home Minister, and Minister of Cooperation Amit Shah, on 28 March 2023, attended the Annual Session 2023 of Associated Chambers of Commerce and Industry of India (ASSOCHAM) in New Delhi.
- It was based on the theme ‘Bharat@100: Paving the Way for Inclusive and Sustainable Global Growth’.
- ASSOCHAM represents the interests of trade and commerce in India.
India and Romania hold bilateral meeting on defence cooperation
- Defence Secretary Giridhar Aramane and his Romanian counterpart Simona Cojocaru on 28 March 2023 held a bilateral meeting on defence cooperation in New Delhi.
- Military to military cooperation, military training and courses, defence co-development and co-production and capacity building were discussed in the meeting.
- Both the countries have signed an agreement on Defence Cooperation.
1st International Quantum Communication Conclave concluded on 28 March
- Deprtment of Telecom organised ‘First International Quantum Communication Conclave’ on 27-28 March 2023 in New Delhi.
- The conclave was organised by Telecommunications Standards Development Society India and Centre For Development Of Telematics (C-DOT).
- The Pandit Deendayal Upadhyaya Telecom Skill Excellence Awards – 2022 were also presented to various winners during the event.
India’s overall exports cross all time high of USD 750 billion
- Union Minister of Commerce and Industry Piyush Goyal, on 28 March 2023, announced that India’s overall exports crossed US$ 750 billion.
- This is an all time high and this achievement of 750 billion comes in the 75th year of independence.
- India’s strong macroeconomy, robust foreign exchange reserves, relatively low inflation and entrepreneurial spirit have immensely contributed to the export.
Nagaland adopts resolution to repeal 2001 Municipal Act
- The member of the 14th Nagaland Legislative Assembly unanimously resolved to repeal the Nagaland Municipal Act 2001 with immediate effect on 28 Mar 2023.
- The repeal of the Act was necessitated following the strong protest from the various tribal groups and civil societies demanding a total review of the act.
- The house also resolved that the law on urban local bodies be enacted expeditiously.
Pakistan rejects US invitation for democracy Summit 2023
- Pakistan declined the invitation to attend The Democracy Summit hosted by the United States on 28 March 2023.
- The USA has invited 120 global leaders to the summit being held in Washington on 29-30 March 2023.
- It will be co-hosted by the governments of Costa Rica, the Netherlands, South Korea, and Zambia.
- Pakistan was also not part of the Democracy Summit held in December 2021.
Israeli embassies shut down across world in support of strike
- Israel has decided to close all its embassies across the world, including in New Delhi over the protests of PM Benjamin Netanyahu’s judicial reforms.
- Israel is witnessing the most intense social unrest where thousands of people have taken to the streets after PM Netanyahu sacked the Defence Minister for questioning the judicial reform.
- PM Netanyahu is on trial for corruption in 3 cases.