International News

International Collaboration in Sanskrit Research and Education

• India and Nepal have joined hands in a significant initiative to promote Sanskrit research and education.
• This collaboration not only strengthens the bilateral relations between the two nations but also aims to preserve the rich cultural heritage they share.
• Scholars from both India and Nepal are actively involved in this partnership, reflecting a deep commitment to fostering academic and cultural ties.

State News

Recognition for Tripura's Traditional Products

• Tripura's rich cultural heritage has received a boost with the recent granting of Geographical Indication (GI) tags to three traditional products.
• Matabari pera prasad and Rignai pachara textiles are among the recipients of this prestigious recognition.
• With these additions, Tripura now boasts four GI protected products, further enhancing its cultural identity and economic prospects.

Appointment News

Leadership Changes in Prominent Institutions

• Axis Capital, a leading investment banking firm, has announced the appointment of Atul Mehra as its new Managing Director (MD) and Chief Executive Officer (CEO).
• With over three decades of experience in dealmaking, Mehra brings a wealth of expertise to his new role.
• His appointment underscores Axis Capital's commitment to excellence and strategic growth in the financial sector.

Ms Sheyphali Sharan Takes Charge as Principal Director General, Press Information Bureau

• Meanwhile, in the realm of information dissemination, Sheyphali B. Sharan has taken charge as the Principal Director General of the Press Information Bureau.
• Her extensive experience and leadership qualities position her well to steer the bureau's efforts in communicating government policies and initiatives effectively.

Economy News

March 2024 GST Collection Surges

• Despite economic challenges, India has witnessed a notable surge in Goods and Service Tax (GST) collection in March 2024.
• This surge, marking the second-highest since the inception of GST in July 2017, reflects the resilience of the Indian economy.
• With a collection amounting to Rs 1.78 lakh crore, the increase of 11.5% compared to the previous year demonstrates the robustness of India's tax system and economic recovery efforts.

Defence News

India, Maldives & Sri Lanka’s ‘Dosti-16’ Held in Maldives

• The recent 'Dosti-16' exercise held in Maldives underscores the growing cooperation among India, Maldives, and Sri Lanka in enhancing maritime security.
• This trilateral exercise brings together coast guard personnel from the three nations, emphasizing collaboration and interoperability.
• As highlighted by Maldivian Defence Minister Mohamed Ghassan Maumoon, 'Dosti-16' aims to address shared maritime security concerns through joint efforts and coordination.

IAF’s 10-day mega exercise ‘Gagan Shakti’ begins from April 1-10

• From April 1st to 10th, the Indian Air Force (IAF) is conducting the 'Gagan Shakti-2024' exercise, demonstrating its operational capabilities across the nation's air force bases.
• This 10-day mega exercise aims to simulate high-intensity operations in a realistic environment, showcasing the IAF's readiness and strength.

Awards News

Recognition for REC Limited in Renewable Energy Financing

• REC Limited, a prominent player in renewable energy financing, has received the prestigious SKOCH ESG Award 2024 in the 'Renewable Energy Financing'
• This recognition highlights REC's commitment to sustainable financing practices, furthering the nation's transition towards cleaner energy sources.
• Shri T.S.C. Bosh, Executive Director of REC Limited, accepted the award, emphasizing the organization's role in promoting a greener future.

Important Days News

World Autism Awareness Day: Empowering Autistic Voices

• April 2nd marks World Autism Awareness Day, dedicated to raising awareness and support for individuals with autism spectrum disorders.
• The theme for 2024, "Empowering Autistic Voices," underscores the importance of amplifying the voices and experiences of autistic individuals.
• With approximately 18 million people affected by autism in India, initiatives like these play a crucial role in fostering understanding and inclusivity.

Sports News

Novak Djokovic Makes History in ATP Rankings

• Tennis icon Novak Djokovic continues to rewrite the record books, becoming the oldest World No. 1 in ATP Rankings history at the age of 36 years and 321 days.
• Djokovic's remarkable achievement, surpassing Roger Federer's record, highlights his enduring dominance in the sport.
• As he begins his 419th week as the World No. 1, Djokovic's legacy as one of the greatest tennis players of all time is firmly cemented.

Banking News

Surge in Credit Card Usage in India

• Recent data released by the Reserve Bank of India (RBI) reveals a significant milestone in India's financial landscape, with credit card usage surpassing the 100 million mark as of December 2023.
• This surge reflects evolving consumer preferences and the growing adoption of digital payment solutions.
• With strategic initiatives from banks and increased consumer spending, credit cards have emerged as a ubiquitous financial tool in India's economy.