12th March Daily Current Affairs 2022: Today GK Updates for Bank Exam

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Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of the 12th March 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Here is the Daily GK Update of the 12th March 2022 covering the following news headlines: V-Dem’s Democracy Report 2022, ACI World’s ASQ Awards 2021, MSME IDEA HACKATHON 2022, Bureau of Indian Standards.

Top 14 Daily GK Updates: National & International News

Here is providing below the top 14 important Daily General Knowledge 2022 updates with national & international news.

States News

1. Tripura Govt announced “Mukhyamantri Chaa Srami Kalyan Prakalpa” scheme

Tripura Government has announced a special scheme ‘Mukhyamantri Chaa Srami Kalyan Prakalpa’ for tea workers. A special scheme, allotting Rs. 85 crores for its implementation, as a step towards bringing the 7000 tea garden workers of Tripura under the social security net.
This special scheme would ensure housing, rations, and financial support to the tea garden workers by integrating the facilities that are entitled to them, by the state government and the central government.

Important takeaways for all competitive exams:

Tripura Capital: Agartala;
Tripura Chief Minister: Biplab Kumar Deb;
Tripura Governor: Satyadeo Narain Arya.

2. Jyotiraditya Scindia inaugurates first drone school at Gwalior in Madhya Pradesh

The Union Civil Aviation Minister Jyotiraditya Scindia and Madhya Pradesh Chief Minister Shivraj Singh Chouhan jointly inaugurated the first drone school in Gwalior, Madhya Pradesh.
This drone school is one of the five Drone Schools planned to be opened in different cities of Madhya Pradesh. The other four cities are Bhopal, Indore, Jabalpur and Satna.
This drone school of Gwalior will not only pave the way for the youth of Madhya Pradesh to move forward by connecting them with technology, but it will also increase employment opportunities. This school will prove to be a milestone in the progress and progress of Madhya Pradesh along with Gwalior.

Important takeaways for all competitive exams:

Madhya Pradesh Capital: Bhopal;
Madhya Pradesh Governor: Mangubhai C. Patel;
Madhya Pradesh Chief Minister: Shivraj Singh Chouhan.

Appointments News

3. Prabha Narasimhan named as CEO of Colgate-Palmolive India

Prabha Narasimhan has been appointed as the CEO and MD of Colgate-Palmolive (India) Limited. She succeeded Ram Raghavan, who has been promoted to the role of President, Enterprise Oral Care, at Colgate Palmolive Company.
Prior to this, she was working as executive director of Hindustan Unilever (HUL). Colgate-Palmolive (India) provides oral care products under the ‘Colgate’ brand. It also provides personal care products under the ‘Palmolive’ brand name.

4. Justice AK Sikri named as Chairperson of Chardham project Committee

The Supreme Court of India has named Justice (retd) AK Sikri as Chairperson of the High Powered Committee (HPC), of the Chardham project.
The previous Chairperson Professor Ravi Chopra had resigned from his post in February 2022, after being appointed as the chairperson of the HPC on August 8, 2019.
A bench of Justices DY Chandrachud and Surya Kant accepted the resignation of Professor Ravi Chopra as chairperson of the committee after he wrote a letter in January wishing to relinquish his post.

5. Debasish Panda named as Chairman of IRDAI

Debasish Panda has been appointed as the chairman of the Insurance Regulatory and Development Authority of India (IRDAI). He is a former financial services secretary.
The post of Chairman of IRDAI was lying vacant since May 2021 when Subhash Chandra Khuntia completed his term. Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, retired as financial services secretary in January this year after a two-year stint.
The Appointments Committee of the Cabinet has approved Panda’s appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of charge. The appointment of IRDAI chairman comes nearly 9 months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year.

Important takeaways for all competitive exams:

IRDAI Founded: 1999;
IRDAI Headquarters: Hyderabad.

Banking News

6. RBI directs Paytm Payments Bank Ltd to stop onboarding of new customers

Reserve Bank of India (RBI) has directed Paytm Payments Bank Ltd to stop the onboarding of new customers with immediate effect. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. The RBI took the decision in exercise of its powers under section 35A of the Banking Regulation Act, 1949.
RBI has advised Paytm Payments Bank to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Once the audit is over, RBI will review the reports of IT auditors and based on the reports grant or review its permission for onboarding of new customers.
Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing the report of the IT auditors. This action is based on certain material supervisory concerns observed in the bank.

Important takeaways for all competitive exams:

Chairman of Paytm Payments Bank Ltd: Vijay Shekhar Sharma;
MD and CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta;
Paytm Payments Bank Ltd Headquarters: Noida, Uttar Pradesh.

Agreements News

7. BIS tie-up with IIT Roorkee for activities on standardisation

The Bureau of Indian Standards (BIS) and IIT Roorkee signed a Memorandum of Understanding (MoU) for the establishment of a ‘BIS Standardization Chair Professor’ at IIT Roorkee.
This would be the first time BIS created a Standardization Chair in an Institute for activities related to standardisation and conformity assessment. It will aid in the establishment of standards on crucial areas such as IIT’s BlockChain applications for e-governance.
The Bureau of Indian Standards (BIS) is proud to announce its collaboration with the illustrious IIT Kanpur in the development of standards.
The MoU will help the country’s research, development, teaching, and training in the field of standardisation and conformity assessment, with a focus on civil, electrical, mechanical, chemical, and earthquake engineering, as well as the development and management of water resources and renewable energy projects, infrastructure development, medical biotechnology and nanotechnology, biotechnology, biomaterials, and other fields.

Important takeaways for all competitive exams:

Bureau of Indian Standards Director-General: Pramod Kumar Tiwari.
Bureau of Indian Standards Founded: 23 December 1986.
Bureau of Indian Standards Headquarters: Manak Bhawan, Old Delhi.

Defence News

8. Australia’s AARC tie up with India’s CLAWS

From March 8 to March 10, 2022, Lt Gen Richard Burr, the Chief of the Australian Army, was in India for three days. The Australian Army Chief paid a visit to the Centre for Land Warfare Studies (CLAWS), an Indian Army think tank in New Delhi.
Lt. Gen Richard Burr met with Vice Chief of Army Staff Lt Gen Manoj Pande, Chairman, Board of Governors, CLAWS, and Director CLAWS, Lt Gen Dr Ranbir Singh (Retd). CLAWS research efforts and outreach strategies were briefed to the visiting General.
On the sidelines of the tour, a Memorandum of Understanding (MoU) was signed between the Australian Army Research Centre (AARC) and the Centre for Land Warfare Studies (CLAWS) to create academic cooperation and engagement.

Summits and Conferences News

9. MSME IDEA HACKATHON 2022

Union Minister for MSME, Narayan Rane has announced the MSME Innovative Scheme (Incubation, Design, and IPR) as well as the MSME IDEA HACKATHON 2022. Shri Rane, speaking on the occasion, stated that MSMEs play an essential role in Atmanirbhar Bharat. He claims that these programmes will assist entrepreneurs in launching new businesses.
During the opening of the MSME Innovation Scheme, Shri B.B Swain, Secretary MSME, made the keynote address, stating that it will serve as a hub for innovation activities, facilitating and directing the development of ideas into viable business propositions that benefit society directly.
MSME Innovative is a comprehensive approach that unifies, synergizes, and converges three sub-components and interventions to achieve a single goal.
MSME Innovative is a novel idea for MSMEs that combines incubation, design intervention, and IPR protection in a single-mode approach to raise awareness about India’s innovation and drive MSMEs to become MSME Champions.

Awards News

10. Six Indian Airports named the ACI World’s ASQ Awards 2021

From India, six airports have found a place among the ‘Best Airport by Size and Region’, by the Airports Council International (ACI), in its Airport Service Quality (ASQ) survey for the year 2021.
The airports have been adjudged among the Asia Pacific region in different categories based on annual passenger traffic. The ACI Airport Service Quality (ASQ) Awards takes into account 33 parameters related to passenger amenities to recognize airport excellence in customer experience.

The six Indian airports include:

Category – Over 40 million passengers per year

Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai (5th consecutive year)
Indira Gandhi International Airport, New Delhi (4th consecutive year)

Category – 15 to 25 million passengers per year

Rajiv Gandhi International airport, Hyderabad

Category – 5 to 15 million passengers per year

Cochin International Airport, Cochin
Sardar Vallabhbhai Patel International Airport, Ahmedabad

Category – 2 to 5 million passengers per year

Chandigarh Airport, Chandigarh

Important takeaways for all competitive exams:

Airports Council International Headquarters: Montreal, Canada;
Airports Council International Founded: 1991.

Ranks and Reports News

11. V-Dem’s Democracy Report 2022: India ranked 93rd

The latest edition of Democracy Report was released recently by the V-Dem Institute at Sweden’s University of Gothenburg. The study was titled ‘Democracy Report 2022: Autocratisation Changing Nature?’.
The report classifies countries into four regime types based on their score in the Liberal Democratic Index (LDI): Liberal Democracy, Electoral Democracy, Electoral Autocracy, and Closed Autocracy.

India’s performance:

It classifies India as an electoral autocracy ranking it 93rd on the LDI, out of 179 countries.
India is one of the top ten ‘autocratisers’ in the world says the report.
India is part of a broader global trend of an anti-plural political party driving a country’s Autocratisation.
Ranked 93rd in the LDI, India figures in the “bottom 50%” of countries.
It has slipped further down in the Electoral Democracy Index, to 100, and even lower in the Deliberative Component Index, at 102.
In South Asia, India is ranked below Sri Lanka (88), Nepal (71), and Bhutan (65) and above Pakistan (117) in the LDI.

Books and Authors News

12. Labour Minister Bhupendra Yadav unveiled the book titled “Role of Labour in India’s Development”

Minister of Labour and Employment and MoEFCC, Bhupender Yadav has launched a book titled “Role of Labour in India’s Development”. V V Giri National Labour Institute has published the book.
The publishing of the book is part of the ‘Iconic Week’ celebrations of the ‘Azadi Ka Amrit Mahotsav’.

13. A book titled “Soli Sorabjee: Life and Times” authored by Abhinav Chandrachud

A new biography, titled “Soli Sorabjee: Life and Times” was announced, during the occasion of the 92nd birth anniversary of Soli Sorabjee. It is authored by advocate and legal scholar Abhinav Chandrachud and will be released in April 2022.
The book highlights the personal details of the life of Soli Sorabjee, his family background. He was the former Attorney General (AG) of India and served two times for the years 1989-90 and then from 1998- 2004.

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