Daily Current Affairs 25th March , 2023

Daily Current Affairs 25 March 2023 for Banking/Insurance/SSC and other related exams.

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Sarbananda Sonowal inaugurates ‘Sagar Manthan’, the Real-time Performance Monitoring Dashboard of Ministry of Ports, Shipping and Waterways
Union Minister for Ports, Shipping and Waterways and Ayush Shri Sarbananda Sonowal virtually launched Real-time Performance Monitoring Dashboard of MoPSW ‘Sagar Manthan’ – Digital platform having all the integrated data related to the ministry and other subsidiaries. 

  • This dashboard will transform the workings of various departments by improving well-coordinated real time information. 
  • This platform has been developed completely in-house under the guidance of Shri Sudhanshu Pant, IAS, Secretary, MoPSW in the span of less than 1.5 months efficiently.

Cabinet hikes Dearness Allowance (DA) by 4% for central government employees, pensioners
The Union Cabinet approved an increase in the dearness allowance and dearness relief by 4 per cent to 42 per cent, benefiting 47.58 lakh central government employees and 69.76 lakh pensioners. 

  • This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. It is revised twice a year in January and July as per government rules. Last DA hike was announced on September 28, 2022, which got effective from July 1, 2022.


26 % of world’s population does not have safe drinking water: UNESCO report
26 per cent of the world’s population does not have safe drinking water and 46 per cent lack access to safely managed sanitation, according to a report published by UNESCO at the UN 2023 Water Conference in New York. 

  • As per the report, between two and three billion people experience water shortages for at least one month per year, posing severe risks to livelihoods, notably through food security and access to electricity.
  • The global urban population facing water scarcity is projected to double from 930 million in 2016 to 1.7 to 2.4 billion people in 2050. The growing incidence of extreme and prolonged droughts is also stressing ecosystems, with dire consequences for both plant and animal species, the report said.


RBI imposes Rs 30 lakh penalty on Karur Vysya Bank
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30 lakh on Karur Vysya Bank for non-compliance with certain provisions of the Reserve Bank of India (Frauds- Classification and reporting by commercial banks and select FIs) directions 2016.

  • This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949.


Defence Ministry signs Rs 3000 crore contract with BEL for procurement of two Integrated Electronic Warfare Systems
The Defence Ministry signed a contract with Bharat Electronics Limited BEL Hyderabad for the procurement of two Integrated Electronic Warfare Systems ‘Project Himshakti’ at an overall cost of approximately three thousand crore rupees. 

  • The project is under the Buy Indian – IDMM (Indigenously Designed Developed and Manufactured) category comprising contemporary and niche technologies.
  • The Ministry said, Project Himshakti will encourage the participation of Indian Electronics and associated industries, including MSMEs, which are sub-vendors of BEL. It will generate employment of approximately three lakh man-days over a period of two years. 


India clinches both men’s and women’s titles of Asian Kho Kho Championship
The host India clinched both men and women titles of the Asian Kho Kho Championship held at Tamulpur in Assam. In the women category, Indian Eves defeated Nepal by an inning and 33 points.

  • On the other hand, the men’s team too continued its brilliant form and defeated  Nepal by an inning and six points. India remained unbeaten in both categories throughout the tournament. A total of nine countries participated in the event. 

India’s Rudrankksh Balasaheb Patil wins bronze medal in 10m Air Rifle event of ISSF World Cup Shooting Championship
India’s Rudranksh Patil won a bronze medal in the 10m Air Rifle event by scoring 262.2 points in the 8th ISSF World Cup Shooting Championship at the Madhya Pradesh State Shooting Academy of Excellence in Bhopal. This is Rudraksh’s second medal in this World Cup. 

  • He won a bronze medal in the mixed event, playing with his partner Narmada Raju. India’s Hriday Hazarika finished sixth with a score of 208.7.
  • India finished second with a total of five medals, one gold, one silver and three bronze. China is still at the top with a total of eight medals.


Indian hockey player Salima Tete appointed AHF Athletes Ambassador
National women’s hockey team midfielder Salima Tete was appointed the AHF Athletes Ambassador from India for a term of two years, starting March 25.

  • Tete accepted the certificate and the position during the Asian Hockey Federation (AHF) Congress in Mungyeong, Korea.
  • Tete, who led the Indian women’s junior hockey team to a fourth-place finish at the 2021 FIH Women’s Junior World Cup in Potchefstroom, South Africa, is among four players from Asia to be appointed for the position.


Argentinian Luis Caffarelli wins Abel prize
The Abel Prize for mathematics was awarded to Argentine-American Luis Caffarelli, an expert in “partial differential equations” which can explain phenomena ranging from how water flows to population growth.

  • A professor at the University of Texas, Mr. Caffarelli, 74, was honoured for his “seminal contributions to regularity theory for nonlinear partial differential equations,” the Norwegian Academy of Science and Letters said.


Tamil Nadu’s 18th wildlife sanctuary comes up in Erode
The government of Tamil Nadu has decided to declare Thanthai Periyar Wildlife Sanctuary as the 18th wildlife sanctuary in the state. 

  • This sanctuary covers an area of 80,567 hectares in the forest regions of Anthiyur and Gobichettipalayam taluks in Erode district, and includes reserve forest areas in Anthiyur, Bargur, Thattakarai, and Chennampatti. It is home to a variety of wild animals such as tigers, elephants, leopards, wild boars, gaurs, and deer.

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