Daily Current Affairs 24th & 25th March, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 24th & 25th March, 2024. It includes all Major National, International, Business and Sports related current affairs of 24th & 25th 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 24th & 25th March, 2024 Current affairs test.
Banking and Finance News
Reserve Bank of India and Bank Branches Open for Government Transactions on March 30th and 31st
- The Reserve Bank of India (RBI) has announced that its offices dealing with government business and designated branches of agency banks conducting government banking business will remain open during normal working hours on March 30, 2024 (Saturday) and March 31, 2024 (Sunday).
- Electronic transactions will be facilitated until the specified time on both March 30th and March 31st.
- Special Measures for Annual Closing: These arrangements are part of special measures for the annual closing of government accounts for the financial year 2023-24.
- The aim is to ensure smooth transactions for central and state governments and provide greater convenience to taxpayers.
Insurance Regulatory & Development Authority of India Introduces norms to enhance governance
- The Insurance Regulatory & Development Authority of India (IRDAI) has introduced a set of new regulations to enhance the regulatory framework for the insurance industry.
- In its meeting on March 19, 2024, IRDAI approved 8 principle-based consolidated regulations.
- These are as follows:-
- Safeguarding policyholders’ interests
- Responsibilities towards rural and social sectors
- Electronic insurance marketplace
- Foreign reinsurance branches
- Aspects of registration, actuarial, finance, investment, and corporate governance.
- Insurance Products Regulations: IRDAI has approved regulations for insurance products aimed at promoting good governance in product design and pricing.
- This includes strengthening principles related to guaranteed surrender value and special surrender value, along with disclosure requirements.
RBI Data Shows India’s Forex Reserves Reach Record High of $642.292 Billion
- As per the latest data released by the Reserve Bank of India (RBI), India’s foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, 2024.
- During the week, the foreign exchange reserves surged by USD 6.396 billion, contributing to the overall rise.
National News
Election Commission Launches Saksham App To Facilitate Easier Voting For Persons With Disabilities And To Avail Facilities At Polling Stations
- The Election Commission has launched the Saksham App to facilitate easier voting for Persons with Disabilities and to avail facilities at Polling Stations.
- The Election Commission has always focused on Accessible Voting every time as it has the motto of no voter is left behind.
- The Election Commission has announced that voters above 85 years of age and Persons with Disabilities with 40 percent benchmark disability can vote from home.
- Volunteers and wheelchairs will be available at every polling station.
Indira Gandhi National Centre For The Arts Releases Two Literary Works Aimed At Deepening The Understanding Of India-Japan Cultural Connections
- Indira Gandhi National Centre for the Arts, IGNCA released two literary works aimed at deepening the understanding of India-Japan cultural connections.
- The books namely Siddham Calligraphy of Sanskrit Hieronyms and Sanskrit Manuscripts from Japan, Vol I were released by Member Secretary of IGNCA Sachchidanand Joshi, Advisor (Japan) in Ministry of External Affairs Ashok Chawla and First Secretary at Japanese Embassy Takashi Kobayashi among others in New Delhi.
Awards and Honours
PM Modi Becomes 1st Foreign Head To Be Bestowed With Bhutan’s Highest Civilian Award Order Of The Druk Gyalpo
- King of Bhutan Jigme Khesar Namgyel Wangchuck conferred Bhutan’s highest civilian award, the Order of the Druk Gyalpo, on Prime Minister Narendra Modi in Thimpu.
- Prime Minister Modi is the first foreign leader to be given this prestigious award.
- The King of Bhutan had announced the conferment of the award during Bhutan’s 114th National Day celebrations in December
Appointments and Resignations
Financial Services Institutions Bureau Appoints Girija Subramanian and Bhupesh Sushil Rahul as Chairman and Managing directors of New India Assurance and United India Insurance
- The Financial Services Institutions Bureau (FSIB), the head-hunting agency for public sector banks and insurance firms, has selected Girija Subramanian as chairman and managing director (CMD) of the New India Assurance Company and Bhupesh Sushil Rahul as CMD of United India Insurance Company.
Simon Harris Poised to Become Ireland’s Youngest Prime Minister
- Simon Harris, a prominent figure in Irish politics, has become the sole candidate in the race to become Ireland’s next prime minister following the unexpected departure of Leo Varadkar.
- At 37 years old, Harris is set to become the youngest prime minister in Ireland’s history.
- Harris’s candidacy comes at a crucial time for the governing Fine Gael party, which faces the threat of defeat in the upcoming general elections, with Sinn Fein emerging as a strong contender for government leadership.
Mariam Mammen Mathew Assumes the Chairmanship of Digital News Publishers Association; Puneet Gupt Appointed Vice-Chairman
- Mariam Mammen Mathew, Chief Executive Officer (CEO), Manorama Online, has been appointed chairperson of Digital News Publishers Association (DNPA) for two years from April 1, 2024.
- She would succeed Tanmay Maheshwari, Managing Director, Amar Ujala.
- DNPA, serving as an umbrella organisation for the digital arms of media companies, has been proactive in ensuring equality and fairness for all news publishers.
- It represents 18 prominent media organisations, including Dainik Jagran, Dainik Bhaskar, The Indian Express, and others.
- Manorama Online is the digital arm of Malayala Manorama, one of India’s largest and oldest media houses.
- Malayala Manorama operates in various media formats including print, television, radio, and digital properties.
Science and Technology
ISRO Successfully Executes the second landing test of Pushpak in Karnataka
- The Indian Space Research Organization (ISRO) successfully conducted the second landing test of its reusable launch vehicle (RLV), named Pushpak, at the Aeronautical Test Range (ATR) in Challakere near Chitradurga, Karnataka.
- The vehicle’s name has been inspired by the Ramayana’s mythical ‘Pushpak Viman’ since this modern-day aircraft stands as a symbol of innovation and prosperity.
- ISRO conducted the first landing experiment, RLV-LEX-01, with a scaled down version of the RLV technology demonstrator (RLV-TD) 2023 on a Chinook Helicopter of the Indian Air Force.
Sports News
Maharashtra’s Naheed Divecha Won 2 Gold Medals In Indian Masters National Badminton Championship 2024 In Panchkula
- Maharashtra’s Naheed Divecha has won two gold medals in the Indian Masters National Badminton Championship 2024 in Panchkula.
Figure Skating: Japan’s Kaori Sakamoto Wins 3rd Straight World Title
- Japan’s Kaori Sakamoto has become the first woman to win three straight titles at the Figure Skating World Championships since 1968.
- The 2022 Olympic bronze medalist staged a nearly flawless routine featuring multiple triple jumps in her free skate.
Important Days
World Tuberculosis (TB) Day 2024: March 24
- World Tuberculosis Day, observed on 24 March each year all over the world is designed to build public awareness about the global epidemic of tuberculosis and efforts to eliminate the disease.
- World Tuberculosis (TB) Day continues with the theme “Yes! We can end TB”.
- On March 24, 1882, Dr. Robert Koch announced the discovery of Mycobacterium tuberculosis, the bacteria that causes tuberculosis (TB).
International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2024: March 25
- On March 25th , International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2024 is celebrated all over the world.
- International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is a United Nations international observance designated in 2007 to be marked on 25 March every year.
- The day honours and remembers those who suffered and died as a consequence of the transatlantic slave trade, which has been called “the worst violation of human rights in history”, in over 400 years more than 15 million men, women, and children were the victims.
International Day of the Unborn Child 2024 History, Theme: March 25
- On March 25th, International Day of the Unborn Child 2024 is celebrated all over the world.
- International Day of the Unborn Child was established by Pope John Paul II to coincide with the Feast of the Annunciation and is officially recognized in several predominantly Catholic countries.
- John Paul II viewed the day as “a positive option in favor of life and the spread of a culture for life to guarantee respect for human dignity in every situation”.
- El Salvador was the first country to recognize a Day of the Right to Be Born, which was established in 1993.
