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Daily Current Affairs 15th March, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 15th March, 2024. It includes all Major National, International, Business and Sports related current affairs of 15th March, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 15th March, 2024 Current affairs test.

National News

BJP Receives Highest Contributions Through Electoral Bonds

  • The scheme of Electoral Bonds, initiated in 2018, enables anonymous donations by individuals and corporations to political parties.
  • The Election Commission of India recently disclosed figures showing that the Bharatiya Janata Party (BJP) leads in receiving donations through this method, with electoral bonds amounting to ₹6,060.5 crore cashed from April 12, 2019, to January 24, 2024.

India’s Government Launches Electric Vehicle Policy to Promote Domestic Production

  • On March 15, the Indian government announced a pivotal policy aimed at making India a key player in the electric vehicle (EV) sector globally.
  • The policy, devised by the Ministry of Commerce & Industry, is intended to attract substantial investment from leading international EV companies, offering a three-year period to set up manufacturing units in India and start the commercial production of EVs.

International News

Massive Grave Site Found in Nuremberg, Germany

  • During a construction project in Nuremberg, Germany, workers unearthed over a thousand human skeletons, with estimates that the total could exceed 1,500.
  • This discovery points to what might be the largest cemetery found in Europe, situated in a heavily populated area, adding to its significance.

Mohammad Mustafa Appointed as New Prime Minister by President Abbas

  • The Palestinian Authority’s President, Mahmoud Abbas, has named Mohammad Mustafa as the new Prime Minister.
  • Mustafa, an economist educated in the U.S. and a prominent business figure in Palestine, has been tasked with the challenge of unifying the Palestinian territories and addressing the humanitarian issues in Gaza while reviving peace talks with Israel.

SpaceX Starship Fails During Third Test Flight

  • SpaceX’s Starship, designed for missions to the moon and beyond, encountered a failure, breaking apart during re-entry in its third test flight.
  • The incident occurred despite the successful launch from Starbase, near Boca Chica Village, Texas, leading to a loss of communication and subsequent disintegration.

Economy News

Wholesale Price Index in India for February 2024

  • The Department for Promotion of Industry and Internal Trade released the Wholesale Price Index (WPI) for February 2024, showing a provisional annual inflation rate of 0.20%.
  • The increase was primarily due to higher prices in food articles, crude petroleum & natural gas, electricity, and machinery & equipment sectors.

Fitch Improves India’s GDP Outlook for FY25 to 7%

  • Fitch Ratings has updated India’s economic growth forecast for the fiscal year 2025 to 7%, up from 6.5%.
  • This adjustment reflects strong domestic demand and continuing confidence in the business and consumer sectors, following an 8.4% growth in the third quarter of FY24.

Banking News

RBI Proposes Climate Risk Disclosure Guidelines

  • The Reserve Bank of India has put forth draft guidelines for financial institutions to disclose climate-related risks.
  • This initiative is part of the RBI’s efforts to enhance transparency and manage environmental risks in the financial sector, aligning with its membership in the NGFS since April 2021.

Business News

Reliance Acquires Stake in Viacom18 from Paramount

  • Reliance Industries has announced its acquisition of a 13.01% stake in Viacom 18 Media from Paramount Global for Rs 4,286 crore ($517 million).
  • This move strengthens Reliance’s position in the media industry, marking a significant strategic investment.

Important Days News

World Consumer Rights Day 2024 Celebrated

  • World Consumer Rights Day, observed globally on March 15, focuses on consumer rights and responsibilities, promoting fair trade practices and accountability in businesses.
  • The theme for 2024 is ‘Fair and responsible AI for consumers,’ highlighting the importance of ethical artificial intelligence usage.

Ranks & Reports News

Report on a Decade of Scientific and Technological Advancements in India

  • Dr. Jitendra Singh released a report titled “A Decade of Science – Technology Panorama for Aatmanirbhar Bharat,” reviewing the progress in technology and the growth of the startup ecosystem in India over the past ten years.
  • The report emphasizes the country’s advancements and the emergence of numerous startups and unicorns.

Agreements News

India and Singapore Enhance Legal and Dispute Resolution Cooperation

  • A Memorandum of Understanding has been signed between India and Singapore to improve collaboration in the legal and dispute resolution fields.
  • This partnership is aimed at sharing best practices and expertise to better serve the needs of citizens and businesses.

Collaborations for Accessibility and Innovation

  • Several partnerships have been announced, including between the DEPwD and the Council of Architecture, IIT Delhi and Israel Aerospace Industries, and the Ministry of Heavy Industries with IIT Roorkee, focusing on inclusivity, technological innovation, and advancements in the automotive and EV sectors.

Awards News

Sangeet Natak Akademi Awards Conferred

  • The President of India awarded the Sangeet Natak Akademi Awards to 94 artists for their contributions to the performing arts.
  • The awards celebrate the recipients’ efforts in preserving and enriching India’s cultural heritage.

Sports News

Max Verstappen Wins at Saudi Arabian Grand Prix

  • Max Verstappen of Red Bull secured a victory at the Saudi Arabian Grand Prix, marking his 100th career podium. This win is part of Verstappen’s continued success in Formula One racing.

Mumbai Clinches the Ranji Trophy 2024

  • Mumbai won the Ranji Trophy 2024, defeating Vidarbha by 169 runs and securing their 42nd title, ending an eight-year wait for the championship.

Books & Authors News

“Sagar Parikrama” Book Released by Parshottam Rupala

  • Union Minister Parshottam Rupala unveiled a book titled “Sagar Parikrama,” documenting the maritime journey and its impacts.
  • The book covers various aspects of the journey, including cultural and geographical explorations.

Obituaries News

Admiral Laxminarayan Ramdas Passes Away

  • Admiral Laxminarayan Ramdas, former Chief of Naval Staff of the Indian Navy, passed away at the age of 90. His legacy of leadership and dedication to the navy is remembered.

Miscellaneous News

Maharashtra Establishes Tourist Facility in Jammu and Kashmir

  • The Maharashtra government has obtained approval to build Maharashtra Bhawan near Srinagar airport, aiming to enhance tourism and cultural exchanges between Maharashtra and Jammu and Kashmir.
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