Daily Current Affairs 1st March 2024

Daily Current Affairs 1st March 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 1st March 2024. It includes all Major National, International, Business and Sports related current affairs of 1st 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 1st March 2024 Current affairs test.

National News

1. Launch of National Coal Logistics Plan by Pralhad Joshi

• Pralhad Joshi, the Union Minister for Coal, Mines, and Parliamentary Affairs, revealed the National Coal Logistics Plan and Policy for 2023 on February 29.
• The policy is designed to increase the use of railways for coal transport to more than 87% by the fiscal year 2029-30, in anticipation of coal demand increasing from 980 million tons to 1.5 billion tons by 2030. The plan focuses on saving costs, minimizing environmental effects, and improving the efficiency of coal transportation logistics.

2. Formation of International Big Cat Alliance Approved by Cabinet

• Under the leadership of Prime Minister Narendra Modi, the Union Cabinet has sanctioned the creation of the International Big Cat Alliance (IBCA), which will be headquartered in India.
• This initiative, supported with a budget of Rs. 150 crore over five years from 2023-24 to 2027-28, aims at the conservation of big cat species like Tigers, Lions, Leopards, Snow Leopards, Pumas, Jaguars, and Cheetahs.

3. India’s First Hydrogen Fuel Cell Ferry Introduced by PM Modi

Prime Minister Narendra Modi has inaugurated India’s first hydrogen fuel cell ferry via a virtual event from Thoothukudi. The ferry, developed and constructed by Cochin Shipyard, represents a move towards the utilization of hydrogen in the maritime sector, offering zero emissions, noise-free operations, and energy efficiency, aligning with India’s net-zero emissions goal by 2070.

International News

4. Inauguration of Infrastructure in Agalega Island by PM Modi and PM Jugnauth

• Prime Minister Narendra Modi, alongside Mauritius Prime Minister Pravind Jugnauth, has inaugurated key infrastructure developments in Agalega Island, including an airstrip and the St James Jetty.
• These projects are set to boost connectivity, economic growth, and maritime trade between Agalega Island and the mainland.

5. Ghana’s Parliament Enacts Anti-LGBTQ Legislation

• The Ghanaian parliament has passed the Human Sexual Rights and Family Values Bill, now awaiting presidential approval.
• The legislation, aimed at preserving traditional family values, outlaws LGBTQ identities and activities, prescribing penalties of up to three years in prison for identification and up to five years for advocacy or support.

State News

6. Jammu’s Tawi Festival to Commence on March 1, 2024

• Organized by Women Self-Help Groups under the Jammu & Kashmir Rural Livelihoods Mission, the Tawi Festival is set to begin on March 1, 2024, in Jammu, lasting four days.
• The festival aims to showcase the region’s cultural heritage and the talents of local artisans.

Defence News

7. DRDO’s Successful Test of VSHORADS Missile

• The Defense Research and Development Organization successfully tested the Very Short-Range Air Defense System (VSHORADS) missile on February 28th and 29th, 2024, from Odisha’s coast.
• The missile, capable of intercepting low-altitude aerial threats, emphasizes portability and operational flexibility.

Economy News

8. India’s GDP Growth Hits 8.4% in Q3 FY24

• India’s GDP has seen an 8.4% increase in the third quarter of FY24, according to the Ministry of Statistics and Programme Implementation.
• This growth, driven by the construction and manufacturing sectors, surpassed expectations.

9. Core Industries Index Rises by 3.6% in January 2024

• The Index of Eight Core Industries saw a 3.6% rise in January 2024 compared to the previous year, indicating a positive performance in sectors such as Cement, Coal, and Electricity.

Banking News

10. RBI Overhauls BBPS for Greater Efficiency

• Effective April 1, 2024, the Reserve Bank of India has revamped the regulatory framework for Bharat Bill Payment Systems to streamline bill payments and enhance consumer protection, under the management of NPCI Bharat Bill Pay Ltd.

Important Days News

11. World Seagrass Day and Zero Discrimination Day Observances

• World Seagrass Day, celebrated on March 1, emphasizes the importance of seagrass conservation.
• Meanwhile, Zero Discrimination Day, also on March 1, promotes equality and combats discrimination, initiated by UNAIDS.

Ranks & Reports News

12. Report on India’s Leopard Population by Bhupender Yadav

• Minister of Labour and Employment, Environment, Forest, and Climate Change Bhupender Yadav released the fifth cycle of leopard population estimation, showing a stable count of 13,874 leopards in India, with significant populations in Madhya Pradesh, Maharashtra, Karnataka, and Tamil Nadu.

Awards News

13. Sunil Bharti Mittal Receives Honorary Knighthood

• Sunil Bharti Mittal, Chairman of Bharti Enterprises, has been awarded an honorary Knighthood by Britain’s King Charles III, recognizing his efforts in enhancing UK-India business relations.

Appointments News

14. Daljit Singh Chaudhary Appointed as NSG Director General

• Daljit Singh Chaudhary, a 1990 batch IPS officer, has been named the new Director General of the National Security Guard, taking over additional responsibilities alongside his current role as DG of Sashastra Seema Bal.

Agreements News

15. Partnerships for Financial Inclusion and Urban Survey Enhancement

• India Post Payments Bank collaborates with Hindustan Zinc for rural financial services in Rajasthan, while the Ministry of Statistics and Programme Implementation partners with ISRO for urban surveys using Bhuvan.

16. Renewable Energy Development Agreement between NTPC Green Energy and MAHAGENCO

• A joint venture between NTPC Green Energy Limited and MAHAGENCO aims to develop renewable energy parks in Maharashtra, supporting the state’s green energy goals.

Schemes News

17. ‘Poshan Utsav’ Organized to Promote Nutrition

• The Ministry of Women and Child Development hosted Poshan Utsav to encourage good nutrition practices, coinciding with the release of the ‘Poshan Utsav Book’.

18. One-Time Scheme Introduced by Telangana Government

• The Telangana government has launched the One Time Scheme to assist property owners with arrear interest on property tax payments across urban local bodies.

19. Universal Life Insurance Plan Launched by Nagaland Government

• Chief Minister Neiphiu Rio announced the CM’s Universal Life Insurance Scheme, aimed at supporting families affected by the loss of a primary earner.

Sports News

20. Paul Pogba Receives Four-Year Ban for Doping

• Juventus midfielder Paul Pogba has been banned from football for four years following a doping violation detected after a match against Udinese.

Obituaries News

21. Former Canadian Prime Minister Brian Mulroney Passes Away

• Brian Mulroney, known for his policy reforms and leadership of the Progressive Conservatives, has died at the age of 84.

Miscellaneous News

22. New Marine Species Named After President Droupadi Murmu

• The Zoological Survey of India has named a newly discovered marine species Melanochlamys droupadi, found along the coasts of West Bengal and Odisha.

23. Shahpur-Kandi Barrage Halts Ravi River Flow to Pakistan

• The completion of the Shahpur-Kandi barrage marks a significant milestone, redirecting the flow of the Ravi River and benefiting regions in Jammu and Kashmir.

24. DGCA Fines Air India for Inadequate Passenger Assistance

• Following the death of an 80-year-old passenger at Mumbai airport, the DGCA has imposed a ₹30 lakh fine on Air India for failing to provide necessary wheelchair assistance.