Daily Current Affairs and GK | 16 March 2024

By Priyanka Chaudhary | Last Modified: 16 Mar 2024 16:37 PM IST

Use Coupon code APRIL24

six months current affairs 2023 july december Rs.199/- Read More
half yearly financial awareness july december 2023 Rs.199/- Read More
half yearly current affairs jan july 2023 in detail Rs.219/- Read More
half yearly current affairs jul dec 2023 in detail Rs.219/- Read More

Half Yearly (Jul- Dec 2023 , Detailed)
2023 e Book

Current Affairs

Available in English & Hindi(eBook)

Buy Now ( Hindi ) Preview Buy Now (English)

Topic: Environment and Ecology

1. In the illegal trade in shark body parts, Tamil Nadu topped.

  • According to a report by the World Wide Fund for Nature-India (WWF-India) and TRAFFIC, almost 16,000 kg of shark fins were seized between January 2010 to December 2022.
  • A recent TRAFFIC report ‘Netted in illegal wildlife trade: Sharks of India’ raised alarm about India's illegal shark trade. It also highlighted ongoing threats and conservation concerns.
  • Out of the total, 65% of the illegal trade in shark body parts has occurred in Tamil Nadu. It is followed by other states such as Karnataka, Gujarat, Kerala, and Maharashtra.
  • The parts of the shark's body were exported to Singapore, Hong Kong, Sri Lanka, and China.
  • Shark fins are the most sought-after shark product used to make 'shark-fin soup’.
  • The demand for shark fins and meat is a major driver of the global shark fishery.
  • Out of the total 160 shark species in India, only 26 sharks and rays have been given the highest protection status under the amended Wild Life (Protection) Act 1972.
  • Appendix I and II of CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) have been listed in Schedule IV of the Act.

Topic: Indian Economy

2. India's growth estimate for FY25 has been increased by Fitch Ratings to 7% from an earlier estimate of 6.5%.

  • Additionally, it has projected growth in the current fiscal year to reach 7.8%.
  • This estimate is little higher than the government forecast of 7.6%.
  • According to the agency, real GDP would increase by 6.5% in FY26 as the rate of activity growth slows down to follow the trend in FY25.
  • The agency said we expect an easing in economic momentum in the last quarter of the current fiscal year, as GDP growth has exceeded 8% for the last three quarters.
  • Fitch reduced its 2024 prediction for China from its previous projection of 4.6% to 4.5%.
  • Additionally, it observed that in the latter months of 2023, consumer price inflation increased.
  • By year's end, it expects headline inflation to gradually drop to 4%.
  • Moody's Ratings also updated its growth prediction for India for the 2024 calendar year earlier last week from 6.1% to 6.8%.

Topic: State News/ Rajasthan

3. Rajasthan government will distribute free seeds of millets and coarse grains to farmers.

  • Rajasthan government has taken this decision in a bid to boost millet production.
  • It has decided to provide free mini kits of maize seeds to 1.2 million farmers.
  • It has also decided to provide free mini kits of pearl millet (bajra) seeds to 800,000 farmers.
  • Rajasthan government will provide free mini kits of mustard seeds to 700,000 farmers and moong seeds to 400,000 farmers.
  • Rajasthan government will provide sorghum (jowar) and moth seeds to 100,000 farmers.
  • The distribution of free seed kits will start from next financial year.
  • Rajasthan contributes 26% of the nation's total millet production.
  • In Rajasthan, the two main millet crops grown are pearl millet and sorghum.
  • Forty-one percent of the bajra produced in the country comes from Rajasthan.
  • Rajasthan Millet Promotion Mission was started by Rajasthan government in 2022-23.
  • A sum of Rs 40 crore was allocated for the establishment of 100 primary processing facilities by farmers, entrepreneurs, and non-profit organizations.

Topic: Personality in News

4. Admiral Laxminarayan Ramdas passed away at the age of 91.

  • He was former Indian Navy chief. He served as 13th Chief of Naval Staff between December 1990 and September 1993.
  • He was honoured with Raman Magsaysay award in 2004.
  • He was honoured with this award for his efforts towards demilitarising and denuclearising South Asia.
  • He is known for playing heroic role during the Indo-Pakistan War of 1971.
  • In December 1971, he was the commanding officer of an Indian Naval unit of the eastern fleet.
  • He received Vir Chakra, Param Vishisht Seva Medal, Ati Vishisht Seva Medal and the Vishisht Seva Medal.
  • He was also associated with the Aam Aadmi Party (AAP) as an internal Lokpal.

Topic: Infrastructure and Energy

5. On 15 March, ‘Ethanol 100' automotive fuel launched by Petroleum Minister Hardeep Singh Puri in New Delhi.

  • Under this initiative, the availability of Ethanol 100 is ready at select 183 retail petrol outlets across five states – Maharashtra, Karnataka, Uttar Pradesh, New Delhi, and Tamil Nadu.
  • Ethanol 100 fuel has the potential to transform the transportation sector and reduce our dependence on fossil fuels.
  • In 2023, the Prime Minister announced E20 (20% ethanol blended fuel), and the E20 availability has increased to 12,000 outlets in under a year.
  • These ethanol blending initiatives have increased farmers' income, increased rural employment, and reduced CO2 emissions equivalent to planting 1.75 crore trees.
  • With 131 dedicated ethanol plants, Oil marketing companies (OMCs) have signed long-term agreements.
  • These plants are expected to add an annual production design capacity of 745 crore litres.
  • Ethanol100, a clean and green alternative to gasoline, is a mixture of 92 to 94% ethanol, 4 to 5% motor spirit, and 1.5% co-solvent highly saturated alcohol to provide colour to the flame.
  • It claims low emissions of greenhouse gases and pollutants and helps combat climate change and improve air quality in our communities.
  • Ethanol 100 proves ideal for high-performance engines with its high-octane rating typically between 100-105, ensuring better efficiency and power output while reducing environmental impact.

Topic: National News

6. National Time Protocol for dissemination of IST inaugurated by Union Minister Piyush Goyal.

  • On March 15, the National Time Protocol (NTP) for dissemination of Indian Standard Time was inaugurated by Union Consumer Affairs Minister Piyush Goyal in Mumbai.
  • This will provide uniform and accurate time information with millisecond accuracy and will also increase cyber security.
  • The public can access it via time.nplindia.org or time.nplindia.in.
  • Timing infrastructure at the Regional Reference Standards Laboratory (RRSL) at Faridabad and Ahmedabad was also virtually inaugurated by Shri Goyal.
  • India is the first country to implement a time distribution system.
  • Atomic clocks will be installed by the end of the year in RRSLs in Bengaluru, Bhubaneswar, Guwahati, and Delhi.
  • Earlier the time was taken from the Global Positioning System (GPS) but from now on it will have our own system with the help of Navigation with Indian Constellation (NavIC).
  • All mobile operators across the country will have to sync time with this system.
Monthly Current Affairs eBooks
February Monthly Current Affairs 2024 January Monthly Current Affairs 2024
December Monthly Current Affairs 2023 November Monthly Current Affairs 2023

Topic: Defence

7. 'Nausena Bhawan' has been inaugurated by Defence Minister Rajnath Singh.

  • It is the new state-of-the-art headquarters of the Indian Navy at the Delhi Cantonment.
  • The Navy has set up its first independent headquarters in Delhi.
  • The Navy previously operated from 13 different locations.
  • The headquarters building comprises three wings and four stories.
  • The building complex integrates solar generation systems and advanced building materials.
  • It is equipped with a state-of-the-art integrated building management system.
  • It has got a green rating IV under the Integrated Habitability Assessment.

Topic: International Appointments

8. Mohammad Mustafa has been appointed as new prime minister of the Palestinian Authority.

  • Palestinian President Mahmoud Abbas has appointed Mustafa.
  • Mustafa replaces PM Mohammed Shtayyeh.
  • Along with his government, PM Mohammed Shtayyeh resigned in February.
  • The Palestinian Authority (PA) was established thirty years ago under the interim peace agreement called Oslo Accords.
  • It carries out limited governance over parts of the occupied West Bank.
  • It may also play an important role in administering Gaza after the end of the conflict with Israel.
  • PA lost control of Gaza to Hamas in 2007. Hamas is the Islamist movement that controls Gaza.

Topic: Government Schemes and Initiatives

9. Government rolled out a pilot program to provide timely medical care for road accidents.

  • Under this pilot program, cashless treatment up to a maximum of Rs 1.5 lakh per accident per person will be provided for a maximum of 7 days from the date of the accident.
  • The government said this initiative is part of the commitment to reduce fatalities due to road accidents and the legal mandate under section 162 of the Motor Vehicles Act, 1988.
  • This pilot program has been developed under the Ministry of Road Transport and Highways and started in Chandigarh.
  • This initiative will apply to all road accidents caused by the use of motor vehicles on any category of road.
  • Claims raised by hospitals for providing treatment will be reimbursed from the Motor Vehicle Accident Fund.
  • This program will be implemented through an IT platform combining the functionalities of the eDAR application of MoRTH and the Transaction Management System (TMS) of NHA.

Topic: State News/ Maharashtra

10. Maharashtra CM Eknath Shinde has launched India’s first LNG-powered bus.

  • Chief Minister Eknath Shinde inaugurated India's first Liquefied Natural Gas (LNG)-powered bus. It will be operated by the Maharashtra State Road Transport Corporation.
  • Maharashtra State Road Transport Corporation announced that 5000 of its diesel vehicles will be converted to LNG alternative fuel vehicles in phases.
  • The conversion of buses from diesel to LNG will reduce pollution by 10%, and fuel costs will also reduce.
  • MSRTC has signed an MoU with M/s Kings Gas for the conversion of buses to LNG.
  • MSRTC will set up LNG distribution facilities at 90 depots across the state.

Topic: National News

11. On 15 March, a New EV policy approved by the Indian Government to boost Tesla's market entry plans.

  • In the new EV policy, the government's focus will be on domestic EV manufacturing.
  • The policy is also designed to attract investments in the e-vehicle sector by reputed global EV manufacturers.
  • Under the policy, a company will have to invest a minimum of Rs 4150 crore and there is no maximum limit on investment.
  • The company will have to start its plant in 3 years.
  • Within 5 years, the company also has to reach 50% domestic value addition (DVA).
  • To increase domestic value addition (DVA) during manufacturing, the government aims to achieve a localization level of 25% by the third year and 50% by the fifth year.
  • Customs duty of 15% (as applicable to CKD units) will be applicable on vehicles with a minimum CIF value of US$ 35,000 and above for a total period of 5 years.
  • This will require the manufacturer to set up manufacturing facilities in India within a period of 3 years.
  • If Tesla comes, first a plant will have to be set up, and then production will start.
  • The bank guarantee of the companies will be returned once 50% DVA is reached.

Topic: Important Days

12. National Vaccination Day 2024: 16 March

  • Every year on March 16, National Immunization Day is observed in India.
  • Vaccination Day aims to raise awareness about the importance of immunisation and how it can prevent the spread of infectious diseases.
  • The theme of National Vaccination Day 2024 is "Vaccines Work for Everyone".
  • 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 the Sustainable Development Goal of Ending preventable child deaths by 2030.

Topic: National News

13. Election Commission released electoral bond data on its website.

  • The Election Commission uploaded the data on electoral bonds to its website.
  • The data was provided by the State Bank of India on March 12th, after a directive from the Supreme Court.
  • As per the data, the Bharatiya Janata Party (BJP) received electoral bonds worth ₹6,060 crore from April 12, 2019 to January 24, 2024.
  • The Trinamool Congress encashed bonds worth ₹1,609 crore. Congress came in third with ₹1,422 crore.
  • The Biju Janata Dal got ₹775 crore, the DMK ₹639 crore, and the AIADMK ₹6.05 crore.
  • Aam Aadmi Party received ₹66 crore through electoral bonds, while Bharat Rashtra Samithi (BRS) encashment stood at ₹1,214 crore.
  • Future Gaming and Hotel Services, with ₹1,368 crore, remain the top donors through electoral bonds.
  • Megha Engineering and Infrastructure Ltd. and Qwik Supply Chain purchased electoral bonds worth ₹966 crore and ₹410 crore, respectively.
  • Electoral bond scheme was launched in 2017. This scheme allowed individuals and corporate entities to contribute unlimited funds to political parties through Electoral bonds.
  • These bonds can be purchased from the State Bank of India (SBI).

Topic: Banking System 

14. RBI has imposed a penalty of Rs 1.40 crore on the Bank of India.

  • The RBI has imposed a penalty for non-compliance with its directions on ‘Interest Rate on Deposits’, ‘Customer Service in Banks’, ‘Interest Rate on Advances', and others.
  • The penalty is also for non-compliance with RBI’s directions on ‘Central Repository of Information on Large Credits (CRILC) - Revision in Reporting’, and ‘Membership of Credit Information Companies (CICs)’.
  • The penalty is also for contravention of provisions of the Credit Information Companies Rules, 2006 (ClC Rules).
  • A monetary penalty of Rs 29.55 lakh has been imposed by the RBI on Bandhan Bank.
  • The RBI has imposed this penalty for non-compliance with directions relating to the interest rate on deposits.
  • The RBI also placed a penalty of Rs 13.60 lakh on Indostar Capital Finance.
Related Study Material
Evolution and History of the Indian Constitution Preamble of the Indian Constitution
Major sources of Indian Constitution President of India
Ramsar sites of India 2022 Classification of Rocks
Interior of the Earth Tax system in India





Share Blog