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Daily Current Affairs 7th March 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 7th March 2024. It includes all Major National, International, Business and Sports related current affairs of 7th 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 7th March 2024 Current affairs test.

National News

Inauguration of ‘NITI For States’ Platform by Union Minister Ashwini Vaishnaw

  • Union Minister Ashwini Vaishnaw is set to inaugurate the ‘NITI For States’ platform, a Digital Public Infrastructure (DPI) initiative by NITI Aayog, in New Delhi.
  • The platform aims to enhance policy development and promote exemplary governance throughout the Indian states.
  • It encompasses ten key sectors: agriculture, education, energy, health, livelihoods and skilling, manufacturing, MSME, tourism, urban planning, and water resources & WASH, with additional focus on gender and climate change issues.

International News

Enhanced India-South Korea Collaboration in Technology and Semiconductors

  • During the 10th India-South Korea Joint Commission Meeting in Seoul, External Affairs Minister S Jaishankar, alongside Cho Tae-yul, announced plans to deepen the partnership between India and South Korea.
  • The focus areas include defense, science and technology, trade, and cultural exchanges, with a particular emphasis on new technologies and the semiconductor industry.
  • The meeting also touched upon the Indo-Pacific region’s dynamics, regional and global challenges, and potential trilateral cooperations.

State News

Kerala Introduces India’s Premier Government-Supported OTT Platform, CSpace

  • Kerala is poised to launch CSpace, the first government-supported Over-The-Top (OTT) platform in India, marking a significant milestone in the digital entertainment sector.
  • The launch event is scheduled at Kairali Theatre, featuring Chief Minister Pinarayi Vijayan.
  • CSpace aims to be a nurturing ground for both established and emerging talents, enhancing the state’s vibrant cultural and creative ecosystem.

Economy News

India Records a Decrease in Unemployment Rate to 3.1% in 2023

  • India’s unemployment rate saw a notable reduction to 3.1% in 2023, the lowest in three years, driven by post-COVID-19 recovery and economic revitalization.
  • The decline includes a drop in unemployment rates among females to 3% and males to 3.2%, with urban unemployment at 5.2% and rural at 2.4%.


Crisil Foresees 6.8% Economic Growth for India in FY25

  • Crisil Ratings projects a 6.8% expansion in India’s economy for FY25, attributed to domestic reforms and cyclical factors.
  • The country aims to double its economy to $7 trillion by 2031, reaching upper-middle-income status and potentially becoming the world’s third-largest economy.

Banking News

Kotak Life Launches Kotak G.A.I.N, a Non-Linked Par Product

  • Kotak Life Insurance introduces Kotak G.A.I.N, a non-linked participating insurance product aimed at individuals seeking long-term savings or income.
  • The product offers a blend of flexibility and robust protection, available to anyone from 90 days old up to ages between 40 to 85 years at maturity.

Business News

Government Announces 7% Stake Sale in NLC India

  • The Indian government plans to offload up to 7% of its stake in NLC India through an Offer for Sale (OFS), aiming to raise Rs 2,000 crore to Rs 2,100 crore.
  • The offer includes a base of over 6.9 crore shares and an optional 2% additional stake, with a floor price of Rs 212 per share.


Airbus and IIM Mumbai Partner for Advanced Aviation Training

  • Airbus has teamed up with the Indian Institute of Management Mumbai (IIM Mumbai) for Airbus Beyond, an initiative aimed at enhancing aviation training standards.
  • This partnership focuses on preparing professionals to address the industry’s evolving challenges with comprehensive skills training.

Agreements News

Atal Innovation Mission and Meta to Set Up Frontier Technology Labs in Schools

  • The Atal Innovation Mission (AIM) under NITI Aayog and Meta collaborate to establish Frontier Technology Labs in key schools.
  • These labs aim to make cutting-edge technology accessible, fostering innovation among students with tools for AI, AR/VR, Blockchain, Cybersecurity, Robotics, 3D Printing, and IoT.


NPCI Partners with IISc for Deep Tech Research in Blockchain and AI

  • The National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc), Bangalore, join forces for Blockchain and Artificial Intelligence research.
  • This partnership seeks to create the “NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development,” enhancing fintech innovation.

Awards News

Yatin Bhaskar Duggal Clinches Top Spot in National Youth Parliament Festival 2024

  • Haryana’s Yatin Bhaskar Duggal won the first prize at the National Youth Parliament Festival 2024.
  • Tamil Nadu’s Vaishna Pitchai and Rajasthan’s Kanishka Sharma followed with the second and third prizes, respectively, showcasing the depth of talent across India.

Science & Technology News

Launch of MethaneSAT Satellite by SpaceX to Monitor Methane Emissions

  • The Environmental Defense Fund (EDF) leads the MethaneSAT initiative, a satellite mission aimed at tracking methane emissions globally.
  • This innovative project seeks to provide independent verification of industry reports on methane, identifying emission hotspots and facilitating targeted mitigation efforts.
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