National News

Kiren Rijiju Assumes Additional Responsibility as Pashupati Kumar Paras Resigns From Union Cabinet

• Former Union Minister and Rashtriya Lok Janshakti Party (RLJP) President, Pashupati Kumar Paras, tendered his resignation from the Union Cabinet after his party's exclusion from the National Democratic Alliance (NDA) seat-sharing arrangement in Bihar for the upcoming Lok Sabha elections.
• In response, President Droupadi Murmu accepted his resignation and appointed Kiren Rijiju with an additional charge as the Minister of Food Processing Industries.

Banking News

Axis Mutual Fund Collaborates With Enparadigm for AI-Generated Learning Program

• In a strategic move, Axis Mutual Fund, a renowned asset management firm headquartered in Mumbai, has entered into a partnership with Enparadigm, a frontrunner in AI-driven experiential learning solutions.
• This alliance is poised to revolutionize employee development within Axis MF by offering customized learning journeys tailored to individual needs and roles.
• By leveraging cutting-edge AI technology, the program aims to boost the efficiency and effectiveness of Axis MF employees across diverse hierarchical levels, thereby fostering a culture of continuous learning and growth.

RBI Imposes Penalties on Tamilnad Mercantile Bank and DCB Bank

• The Reserve Bank of India (RBI) recently took stringent measures against Tamilnad Mercantile Bank and DCB Bank, imposing fines amounting to Rs 1.31 crore and Rs 63.6 lakh, respectively.
• These penalties were levied due to the banks' failure to comply with directives pertaining to 'Interest Rate on Advances'.
• The RBI's action underscores the significance of regulatory adherence within the banking sector and reinforces the imperative for financial institutions to uphold compliance standards to maintain trust and stability in the banking ecosystem.

Economy News

All-India Consumer Price Index Numbers for Agricultural and Rural Laborers – February 2024

• In February 2024, the All-India Consumer Price Index (CPI) for Agricultural Laborers and Rural Laborers remained stable at 1258 and 1269, respectively, based on the 1986-87=100 index.
• However, there were notable fluctuations observed among constituent states. Eight states witnessed a decline in the CPI-AL, while seven experienced a similar trend in the CPI-RL, with two states showing no change.

Awards News

Renowned Indian Dancer Dr. Uma Rele Honored with the Maharashtra Gaurav Award

• Uma Rele, the esteemed Principal of Nalanda Nritya Kala Mahavidyalaya in Mumbai, has been conferred with the prestigious Maharashtra Gaurav Award.
• The honor was bestowed upon her by Maharashtra Industrial Minister Uday Sawant and Minister Deepak Vasant Kesarkar in recognition of her invaluable contributions to the realm of Indian classical dance, particularly Bharata Natyam.

Sports News

The 3rd Edition of North East Games 2024 Commences in Nagaland

• In Nagaland, the 3rd edition of the North East Games 2024 commenced with a spectacular opening ceremony at the Regional Centre for Sporting Excellence, Sovima.
• The Nagaland Chief Minister Neiphiu Rio inaugurated the event, which sees participation from over 3000 athletes representing eight North Eastern states.
• These athletes will compete in 15 disciplines spread across 12 venues in three districts – Chumoukedima, Dimapur, and Kohima.

Important Days

International Day for the Elimination of Racial Discrimination 2024

• Observed annually on March 21st, the International Day for the Elimination of Racial Discrimination serves as a poignant reminder of the adverse impacts of racial discrimination.
• The theme for 2024, "A Decade of Recognition, Justice, and Development: Implementation of the International Decade for People of African Descent," underscores the ongoing global efforts towards combating racial discrimination and promoting inclusivity.

World Poetry Day 2024

• March 21st marks World Poetry Day, celebrating the profound expression of language that transcends borders and cultures.
• This day honors the rich tradition of poetry, acknowledging its ability to unite people through shared human experiences.
• The theme for 2024, "Standing on the Shoulders of Giants," pays homage to past literary luminaries whose groundbreaking works continue to inspire contemporary poets worldwide.

World Forestry Day 2024

• On March 21st, the world observes World Forestry Day, established by the United Nations General Assembly in 2012 to raise awareness about the critical role of forests in sustaining life on Earth.
• Forests play a pivotal role in soil conservation, water retention, and environmental equilibrium.
• The celebration underscores the importance of conserving and sustainably managing forests for the well-being of present and future generations.

International Day of Nowruz 2024

• Nowruz, meaning "new day," symbolizes the onset of spring and is celebrated worldwide on the day of the astronomical vernal equinox, typically occurring on March 21st.
• With over 300 million people participating globally, Nowruz festivities have a rich cultural heritage spanning thousands of years across various regions.
• In 2010, the United Nations designated March 21st as International Nowruz Day, highlighting its significance as a symbol of renewal and harmony.

World Down Syndrome Day 2024

• March 21st marks World Down Syndrome Day, dedicated to raising awareness about Down Syndrome, a genetic condition affecting individuals both physically and intellectually.
• The chosen date, representing the 21st chromosome associated with Down Syndrome, emphasizes the need for inclusivity and support for individuals with this condition.
• Established by the United Nations in 2012, this annual observance aims to promote understanding and acceptance of people with Down Syndrome in society.