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Daily Current Affairs 31st March 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 31st March 2023. It includes all Major National, International, Business and Sports related current affairs of 31st 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 31st March 2023 Current affairs test.


National & International Appointments

1. Niranjan Gupta Designated as CEO of Hero MotoCorp

  • Hero MotoCorp’s Board has designated Niranjan Gupta as the new CEO, effective from May 1, 2023.
  • Gupta, previously holding the position of Chief Financial Officer (CFO) and Head of Strategy and Mergers and Acquisitions (M&A), played a significant role in Hero Motocorp’s collaborations with Harley Davidson and Zero Motorcycles.
  • Pawan Munjal will retain his position as Executive Chairman and Whole-Time Director on the company’s Board.

Banking & Finance

2. World Bank Sanctions $100 Million Loan to Odisha

  • The World Bank has sanctioned a $100 million loan for the state of Odisha.
  • This financial assistance seeks to bolster the state’s early forecasting systems for a more effective disaster response and expand its social protection coverage for impoverished and vulnerable households via digital platforms.
  • Facing a recurring threat of cyclones, approximately every 15 months, Odisha will benefit from the loan program, which has a 12.5-year maturity period, inclusive of a 3-year grace period.

National & International Appointments

3. Tata Power Reappoints Praveer Sinha as CEO and MD

  • Tata Power has approved the reappointment of Praveer Sinha as its CEO and Managing Director, effective from May 1, 2023.
  • Praveer Sinha’s ongoing tenure in this role concludes on April 30, 2023.
  • Beyond his duties at Tata Power, Sinha is the Chairman of the CII Western Region council and co-chairs the CII National Committee on Power, contributing significantly, including the foundation of India’s first international incubator promoting innovations in the clean energy domain.


4. Defence Minister Rajnath Singh Highlights Defence Equipment Export Ambitions

  • Speaking at the ‘Rising India Conclave’ in New Delhi on March 30, 2023, Defence Minister Rajnath Singh revealed India’s goal to attain defense equipment exports worth Rs 40,000 crore by 2026.
  • He accentuated the remarkable upsurge in defense exports, which leapt from Rs 900 crore to Rs 14,000 crore in FY23.
  • Rajnath Singh also emphasized India’s broad-based advancement across multiple sectors.

Important Day

5. World Backup Day on March 31

  • March 31 is commemorated as World Backup Day, a yearly event that underscores the paramount importance of data backup and protection.
  • The principal aim of this observance is to motivate both individuals and corporations to adopt proactive strategies, ensuring their data’s security against potential pitfalls like hardware malfunctions, cyberattacks, or unforeseen circumstances.
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