Daily Current Affairs and GK | 16 March 2022

By PendulumEdu | Last Modified: 16 Mar 2022 17:52 PM IST

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Topic: MoUs/Agreements

1. HAL signed MoU with French firm Safran Helicopter Engines to extend cooperation on chopper engines.

  • Both firms will also explore opportunities for new helicopter engines in civil and military markets.
  • This MoU has been signed on the occasion of the foundation laid ceremony of a new facility of Helicopter Engines MRO Pvt Ltd (HE-MRO).
  • This new facility has been set up at Sattari in Goa. Helicopter Engines MRO Pvt Ltd is a joint venture of HAL and Safran.
  • This facility will provide maintenance, repair, and overhaul (MRO) services for Safran TM333 and HAL Shakti engines.
  • Its current capacity is to repair 50 engines a year and is expected to become fully operational by the end of 2023.
  • Safran-designed helicopter engines are widely used by the Indian armed forces. Shakti is the Indian variant of the Safran Ardiden 1H1.
  • Shakti engines have been installed on HAL’s ALH/Dhruv variants and it will be also used for HAL-designed Light Combat Helicopter (LCH).

Topic: Appointments

2. Dr. Ranjit Rath appointed as CMD of India's second largest state oil and gas producer, Oil India Ltd.

  • Rath is presently chairman and managing director of Mineral Exploration Corporation Ltd (MECL).
  • Sushil Chandra Mishra, the current chairman and managing director of Oil India, will retire on June 30, 2022.
  • Public Enterprises Selection Board (PESB) has selected Dr Rath for the post.
  • His name will be sent to Appointments Committee of the Cabinet (ACC) headed by Prime Minister.
  • Dr Rath has received prestigious National Geosciences Award 2016 from the President of India.
  • MECL is a miniratna central public sector enterprise under Ministry of Mines.
  • Oil India Limited is a Navratna Company under the administrative control of the Ministry of Petroleum and Natural Gas.

Topic: Sports

3. India won bid to host FIDE Chess Olympiad 2022.

  • India will host FIDE Chess Olympiad 2022 in Chennai. Earlier, it was scheduled to be held in Russia.
  • Tamil Nadu government and All India Chess Federation made a joint bid to host it. 
  • India will host the FIDE Chess Olympiad for the first time since the tournament began in 1927.
  • Tentative dates for FIDE Chess Olympiad are from 26th July 2022 to 8th August 2022.
  • FIDE Chess Olympiad 2022 will be 44th Chess Olympiad, organized by International Chess Federation or World Chess Federation.
  • International Chess Federation is commonly referred as FIDE. It is headquartered in Lausanne, Switzerland.
  • 43rd Chess Olympiad was held in Batumi, Georgia, from 23 September to 6 October 2018. It is also called Batumi Chess Olympiad.

Topic: Important Days

4. National Vaccination Day 2022: 16 March

  • Every year on March 16, National Immunization Day is observed in India.
  • The aim of this year's Vaccination Day is to raise awareness about the importance of immunisation and how it can prevent the spread of infectious diseases.
  • The theme of National Vaccination Day 2022 is "Vaccines work for all".
  • On the occasion of this Day, all Government COVID Vaccination Centers began providing free COVID vaccination to children aged 12 to 14.
  • The day was first commemorated in 1995, the year India launched its Pulse Polio Program.
  • World Immunization Week is celebrated every year in the last week of April.
  • In 1978, the Expanded Programme on Immunization (EPI) was established. The program was renamed as the Universal Immunization Program (UIP) in 1985.
  • Mission Indradhanush:
    • Mission Indradhanush was launched in December 2014 to ensure full immunization with all available vaccines for children up to two years of age and pregnant women.
    • The mission aims to achieve the target of Sustainable Development Goal of Ending preventable child deaths by 2030.

Topic: National News

5. General Bipin Rawat Memorial Chair of Excellence established at USI.

  • On the eve of General Bipin Rawat's 65th birthday, the Indian Army established a Chair of Excellence in his honor at the United Service Institution of India (USI).
  • Maj Gen BK Sharma (retd), Director of USI, was presented with a cheque for Rs 5 lakhs, which will be paid as an honorarium to the nominated Chair of Excellence.
  • The chair will be open to ex-servicemen of the three services and civilians having expertise in the field of national security.
  • General Bipin Rawat, India's first CDS and the former Chief of the Indian Army, led one of the most drastic reforms in the Indian military's history.
  • The General Bipin Rawat Memorial Chair of Excellence will focus on the area of jointness and integration.
  • United Service Institution of India (USI):
    • It is a think tank situated in New Delhi, India, that focuses on national security and defence services.
    • Major General Sir Charles MacGregor founded the United Service Institution in Shimla in 1870.

Topic: Awards and Prizes

6. "The Power of the Dog" got Best Film award at the 2022 British h2Academy Film Awards.

  • The winners of the 75th edition of the British Academy Film Awards are announced at London's Royal Albert Hall.
  • BAFTA Film Awards are given by the British Academy of Film and Television Arts to honor British and international contributions to the films.
  • Jane Campion won the Best Director award for his film "The Power of the Dog".
  • "Drive My Car" won the best film award in the “Film Not in the English Language” category.
  • Kenneth Branagh won the award for outstanding British film for "Belfast".
  • Will Smith has been awarded with the Leading Actor award for the film named “King Richard”.
  • The Leading Actress award went to Joanna Scanlan for his film “After Love”.

BAFTA 2022 winners list:



Best Film

The Power of the Dog

Outstanding British Film


Best Director

Jane Campion

Leading Actor

Will Smith

Leading Actress

Joanna Scanlan

Supporting Actor

Troy Kotsur

Supporting Actress

Ariana DeBose

Adapted Screenplay


Film Not In The English Language

Drive My Car


Summer of Soul

Topic: Indian Economy

7. India’s share market capitalization becomes sixth largest in the world.

  • India’s market capitalization has surpassed the United Kingdom and has become the sixth largest in the world.
  • Saudi Arabia is at the fifth spot with a market capitalization of $3.25 trillion.
  • Except for Saudi Arabia, share markets of all top countries have fallen after the war triggered between Russia and Ukraine.
  • In 2022, Canada suffered a market capitalization loss of $67.9 billion, followed by India with a loss of $296.5 billion.
  • India contributes 2.97% in the world market capitalization with $3.16 trillion.
  • The United States is the largest country in terms of market capitalization. It contributes 43.2% in the world market capitalization.
  • Market capitalization means the total value of all a company's shares of stock. It is equal to the share price multiplied by the number of shares outstanding.

Topic: National News

8. MV Ram Prasad Bismil becomes longest vessel to sail on Brahmaputra river.

  • MV Ram Prasad Bismil started its journey from Shyama Prasad Mookerjee Port in Haldia and reached Pandu port in Guwahati.
  • This vessel is 90 meters long and 26 meters wide with a draft of 2.1 meters.
  • Union Minister Sarbananda Sonowal had flagged off the vessel along with two barges - DB Kalpana Chawla and DB APJ Abdul Kalam on 16 February.
  • This trial run has paved the path of cargo transport from Kolkata to Guwahati via Indo Bangladesh Protocol Route (IBRP).
  • The Inland Waterways Authority of India (IWAI) and Bangladesh Inland Water Transport Authority (BIWTA) are working for the smooth cargo movement between both countries.
  • Transportation through water is not only the cheapest and environmentally friendly but the most adapted mode of transportation.
  • The trial run of the vessel is another significant step towards achieving the vision of ‘Transformation through Transportation’.

(Source: News on AIR)

Topic: Appointments

9. Tata Sons’ Chairman N Chandrasekaran appointed as Chairman of Air India.

  • N Chandrasekaran is the chairman of Tata Sons. He also serves as the non-executive chairman of several other Tata Group companies.
  • Alice GeeVarghese Vaidyan has also been appointed as an independent director on Air India’s board. 
  • Air India was officially handed over to Tata Sons in January 2022.
  • It was sold for Rs 18,000 crore along with its low-cost carrier Air India Express and 50% of AISATS, a ground handling company. 
  • Ilker Ayci had declined the offer to become the CEO of Air India.
  • Recently, Sanjiv Kapoor has been appointed as CEO of Jet Airways.

Topic: MoUs/Agreements

10. Border Roads Organisation and Garden Reach Shipbuilders and Engineers Limited have signed an MoU on March 15, 2022.

  • The MoU is for construction of 27 double-lane class 70 modular bridges in border areas.
  • MoU includes supply, construction and launching of 27 double-lane bridges of carriageway in the Northern and North Eastern Border States.
  • BRO had successfully trial evaluated an “Indigenous 140 feet Double Lane Modular Bridge” of Indian Road Congress (IRC) Load Class 70 last year. It was supplied by GRSE Ltd.
  • This bridge was constructed on “Flag Hill-Dokala” Road in Sikkim at an altitude of 11,000 feet by Karamyogis of Project Swastik in February 2021.
  • Garden Reach Shipbuilders and Engineers Limited is a Mini Ratna Category-1 Company.
  • Border Roads Organisation (BRO):
    • It was formed on 7 May 1960. It is headquartered in New Delhi.
    • Rajeev Chaudhary is the current Director-General of BRO.

Topic: Defence

11. India was world’s largest importer of major arms in 2017-21.

  • India accounted for 11% of all international imports of weapons and military equipment during 2017-21.
  • The next four largest importers were Saudi Arabia, Egypt, Australia, and China.
  • World’s three biggest exporters were US, Russia and France. Their share in world’s export of weapons and military equipment stood at 39%, 19% and 11%, respectively.
  • These data are based on report by Stockholm International Peace Research Institute (SIPRI), a Sweden-based think tank.
  • The report is titled as “Trends in international arms transfers-2021”.
  • The report says Indian arms imports declined by 21%. Russia was the largest supplier of major arms to India in 2012-16 and 2017-21.
  • India’s imports from Russia declined by 47% between the two periods (2012-16 and 2017-21).
  • India’s arm imports from Russia fell from 69% to 46%. France was the second largest supplier to India in 2017-21 with 27% of imports.
  • US was the third largest supplier in 2017-21 with 12% of the imports.

Topic: Sports

12. Five Indian Women Boxers won gold medals at Asian Youth and Junior Boxing Championships.

  • Tamanna in 50 kilograms and Nivedita Karki in the 48-kilogram category have won gold medals.
  • Shaheen Gill, Ravina, and Muskan bagged gold medals in 60 kilograms, 63 Kilograms, and 75 kilograms respectively.
  • Renu, Tanisha Lamba, Prachi, Pranjal Yadav, and Sneha bagged bronze medals in different categories.
  • Indian youth boxers secured seven gold medals while the juniors claimed eight gold medals.
  • The Indian team bagged 39 medals with 15 gold, 10 silver, and 14 bronze at the 2022 ASBC Asian Youth and Junior Boxing Championships in Amman, Jordan.
  • Indian junior team ended its campaign with a total of 21 medals including eight gold, seven silver, and six bronze.
  • In the youth team section, India got third place in the medals table with 18 medals.
  • 352 boxers from 21 countries participated in this tournament.

(Source: News on AIR)

Topic: Space and IT

13. ISRO successfully carried out ground testing of solid booster stage for SSLV.

  • On 14 March 2022, ISRO has successfully conducted the ground testing of the newly developed solid booster stage (SS1) for its Small Satellite Launch Vehicle (SSLV) at Satish Dhawan Space Centre.
  • The newly developed solid booster stage motor is a three-stage solid propulsion stage. It provides the initial thrust to the spacecraft.
  • The new launch vehicle is now ready for its first development flight, which is scheduled for May this year.
  • The ground tests of remaining stages of SSLV have been successfully undergone.
  • ISRO usually declares a launch vehicle operational after two successful development flights.
  • Small Satellite Launch Vehicle (SSLV) is small, cheaper, and can be quickly assembled for the commercial satellite launch. Its cost is around Rs 30 crore.
  • It can carry smaller payloads up to 500kg. It will help in increasing India’s contribution in the global space sector, which is currently near to 2%.
  • The newly created Indian National Space Promotion & Authorization Centre (IN-SPACe) will regulate the private space sector in India.

(Source: News on AIR)





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