Daily Current Affairs 29th March 2023: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 29th March 2023. It includes all Major National, International, Business and Sports related current affairs of 29th March 2023. 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 29th March 2023 Current affairs test.
Banking & Finance
1. SEBI Penalizes PNB Finance and Others with ₹36 Crore in Fines
- The Securities and Exchange Board of India (SEBI) has imposed significant penalties totaling ₹35.67 crore on PNB Finance and Industries Ltd, Camac Commercial Company Ltd, and several other entities.
- Notably, this penalty includes sanctions against promoters Samir Jain and Meera Jain, who are also prohibited from participating in the securities market.
- The reason for these actions is non-compliance with SEBI norms related to the minimum public shareholding requirement.
- SEBI mandates that listed companies must maintain a minimum of 25% public shareholding.
- In particular, SEBI has imposed a substantial fine of Rs 12 crore on PNBFIL.
National & International Appointments
2. NDTV Appoints Former SEBI Chairman UK Sinha as Independent Director
- NDTV has made significant appointments by bringing U.K. Sinha and Dipali Goenka on board as Independent Directors of NDTV. Their appointments are effective from March 27, 2023, for a two-year tenure.
- U.K. Sinha, in addition to being an Independent Director, has been designated as the Non-Executive Chairperson of NDTV.
- U.K. Sinha has a distinguished career, having served as the Chairman of SEBI from 2011 to 2017. He also held the position of Chairman at UTI Asset Management for six years.
- Dipali Goenka, on the other hand, is the Chief Executive Officer (CEO) and Managing Director (MD) of Welspun India Limited.
National Affairs
3. Task Force Aims to Transform India into a Leading Product Developer and Manufacturer
- The Ministry of Electronics and Information Technology (MeitY) has taken a significant step by forming a nine-member task force with the aim of positioning India as a hub for product development and manufacturing.
- The task force will be led by Bhuvnesh Kumar, the additional secretary of MeitY, and will include Amitesh Kumar Sinha, the joint secretary of electronics, as the member convenor.
- This initiative reflects India’s ambition to emerge as a viable alternative to countries such as China and Vietnam in the arena of product development and manufacturing.
