Daily Current Affairs 18th March, 2022

Daily Current Affairs 18 March 2022 for Banking/Insurance/SSC and other related exams.


NCRTC unveils coaches of India’s first rapid rail for Delhi-Meerut corridor
The National Capital Regional Transport Corporation (NCRTC) has unveiled the coaches of India’s first rapid rail for the Delhi – Meerut corridor. The Regional Rapid Transit System (RRTS) train will run on the Delhi-Ghaziabad-Meerut corridor and cover a distance of 82 km in just 55 minutes. The new RRTS train is a completely new design of train designed to provide a good travelling experience for passengers.

  • The coaches will be equipped with modern features including wide standing space, CCTV cameras, sockets for laptop and mobile charging, dynamic route maps, auto control ambient lighting system and heating ventilation and air conditioning system.
  • The RRTS train will be the first in the country to have a business or ‘premium’ coach on a regional corridor. The train will be capable of accommodating 1500 passengers at once. The train has been designed to have a setting resembling the one on an aircraft.

Govt Will Implement Rs 7,500-crore Scheme to Tackle Road Accidents: Gadkari
India does not have a very good record on road accident front and registers the world’s highest deaths due to it at 1.5 lakh every year, the government informed Rajya Sabha.

  • Replying to supplementary queries during Question Hour, Union Road Transport Minister Nitin Gadkari said the government will soon implement a Rs 7,500-crore scheme with the help of the World Bank to address the problem and reduce accident-prone and black spots on national and state highways.
  • He sought the support of people in reducing accidents and saving precious lives. Gadkari said it was unfortunate that 65 per cent of those dying every year were in the 18-45 age group.

Samsung to Invest Rs 1,588 Cr to Set Up New Manufacturing Plant in Tamil Nadu
Leading South Korean consumer electronics and smartphone maker Samsung will invest Rs 1,588 crore in India to set up a new compressor manufacturing plant at its existing facility at Sriperumbudur in Tamil Nadu.

  • The new facility will spread over 22 acres and have a capacity to roll out 8 million compressor units per annum and this will be expanded in the future also, Samsung said in a statement.


‘Green Triangle’ named after Mahatma Gandhi inaugurated in Madagascar’s capital
As part of the ‘Azadi ka Amrit Mahotsav’ to commemorate India’s 75th year of independence, a “Green Triangle” named after Mahatma Gandhi was jointly inaugurated in Madagascar’s capital Antananarivo.

  • The ceremony was attended by members of local government, diplomatic corps, heads of international organisations and members of the Indian diaspora, to mark ‘Azadi ka Amrit Mahotsav’ celebrations.
  • Kumar said Gandhi was the “greatest Pravasi” who returned to India from South Africa, led India’s freedom struggle and changed the lives of Indians forever.

Bangladesh top in South Asia in terms of women on board of listed companies
Bangladesh tops the list in South Asia in terms of women on board of listed companies, says a study conducted by International Finance Corporation (IFC) and Dhaka Stock Exchange (DSE).

  • According to the latest figures, there was an increase in the percentage of women who are independent directors on listed companies from five percent in 2020 to six percent, despite the impact of COVID-19, which has disproportionately affected women, said a press release issued by the IFC. A 2020 IFC-DSE study showed at the time around 18 percent of listed company board directors were women, which has remained the same.

Finland named world’s happiest country for fifth straight year
Finland has been named the world’s happiest country for the fifth year running, in an annual UN-sponsored index that again ranked Afghanistan as the unhappiest, followed closely by Lebanon.

  • Serbia, Bulgaria and Romania recorded the biggest boosts in wellbeing. The largest falls in the World Happiness table, came in Lebanon, Venezuela and Afghanistan. Lebanon, which is facing economic meltdown, fell to second from last on the index of 146 nations, just below Zimbabwe.
  • India is ranked 136th. 135th – Sierra Leone, 137th – Burundi 
  • The World Happiness Report, now in its 10th year, is based on people’s own assessment of their happiness, as well as economic and social data.


Moody’s Slashes India’s Growth for 2022 to 9.1% on Lower Capex
Moody’s slashed India’s growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government’s capital expenditure. In its ‘Global Macro Outlook 2022-23 (March 2022 Update): Economic Growth will suffer as fallout from Russia’s invasion of Ukraine builds’ report, the rating agency said Russia’s invasion of Ukraine has significantly altered the global economic backdrop through three main channels — spike in commodities prices, risks to global economy from financial and business disruption and dent in sentiment due to heightened geopolitical risks.


Narayan Pradhan selected for GD Birla Award for Scientific Research
Professor Narayan Pradhan has been selected for the 31st GD Birla Award for Scientific Research for his outstanding contribution in the field of material sciences.

  • Instituted in 1991, the award recognises eminent Indian scientists below the age of 50 for their original and outstanding contributions to any branch of science. It carries a cash prize of ₹5 lakh.
  • The recipient is chosen by a selection board, whose present head is professor Chandrima Shaha, the president of the Indian National Science Academy (INSA).

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