Table of Contents
Here is the Daily GK Update of 25th March 2021 covering the following news headlines: My Experiments with Silence, ISSF World Cup, Vyas Samman 2020, ESAF Small Finance Bank, International Intellectual Property Index.
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 held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 25th March 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
National News
1. CJI SA Bobde recommends Justice NV Ramana as his successor
- Chief Justice of India (CJI) SA Bobde has recommended Justice NV Ramana’s name as his successor after he retires next month. CJI Bobde is set to retire on 23 April.
- In a letter to the Law Ministry, CJI SA Bobde recommended Justice Ramana as his successor.
- Justice NV Ramana is the most senior judge in the apex court after CJI Bobde.
- On appointment, Justice NV Ramana will be the 48th Chief Justice of India and he will have a long tenure as CJI for over 16 months.
International News
2. Sri Lanka inks 3 years USD 1.5 billion currency swap deal with China
- Sri Lanka has signed a 10 billion yuan (about USD 1,5 billion) currency swap deal with China with the main motive to promote bilateral trade and direct investment between the two countries.
- The agreement signed between the Central Bank of Sri Lanka and the People’s Bank of China is valid for three years.
- China remains Sri Lanka’s largest source of imports. In 2020, imports from China amounted to USD 3.6 billion, or just over 22 per cent of Sri Lanka’s imports.
- The deal comes as Sri Lanka is undergoing a difficult time with COVID-19, dealing a severe blow to its economy, especially its USD 4.5 billion tourism industry.
- Sri Lanka also must pay nearly USD 4.5 billion in foreign debts annually until 2025.
Important takeaways for all competitive exams:
- Sri Lanka Capitals: Sri Jayawardenepura Kotte; Currency: Sri Lankan rupee.
- Sri Lanka Prime Minister: Mahinda Rajapaksa; Sri Lanka President: Gotabaya Rajapaksa.
3. World’s first Ship Tunnel to be built in Norway
- The Norwegian Coastal Administration has received the green signal to start working on the construction of the world’s first tunnel, being built exclusively for ships.
- The tunnel is dubbed as “Stad Ship Tunnel” and would be built under the mountainous Stadhavet peninsula in northwestern Norway.
- The 1.7 km tunnel will be able to handle ships of up to 16,000 tonnes and give ships a safer passage through the treacherous Stadhavet Sea.
- The tunnel will be 49 metres (161 ft) high and 36 metres (118 ft) wide.
- It is estimated to cost at least 2.8 billion Norwegian kroner (NZ$460 million) the construction of this ship tunnel.
- The construction would begin in 2022 and would take three to four years to complete.
Important takeaways for all competitive exams:
- Norway Currency: Norwegian krone.
- Norway Capital: Oslo.
- Prime Minister of Norway: Erna Solberg.
State News
4. World TB Day 2021: Kerala’s TB eradication programme bags national honour
- Kerala’s tuberculosis eradication programme had won national honour as the state bagged the Union government’s award for reducing the prevalence of the disease through various systematic initiatives. Kerala is the only state had chosen for recognition in the state category.
- The southern state has reduced the TB prevalence rate by 5 per cent in the last five years as part of achieving sustainable development goals.
- The nation has set an ambitious goal to achieve “End Tuberculosis” by reducing the incidence of new TB cases by 80% by 2025, five years ahead of UN Sustainable Development Goals.
Important takeaways for all competitive exams:
- Kerala CM: Pinarayi Vijayan.
- Kerala Governor: Arif Mohammad Khan.
Banking News
5. Indian Overseas Bank launches ‘IOB Trendy’ savings account
- Indian Overseas Bank (IOB) has launched ‘IOB Trendy’, a savings account customised for the growing millennial population in the country by keeping their banking preferences in mind. IOB Trendy is a Savings Bank Account Scheme introduced by the bank towards this endeavour.
- For opening an IOB Trendy account, a customer needs to be within the age bracket of 21 – 38 years.
- The account may be self or jointly operated. In the case of a joint account, the primary holder has to be a millennial at the time of account opening.
- There is no ‘Opening Balance’ requirement for IOB Trendy. So, no charges will be levied for the first month for non-maintenance of balance.
Important takeaways for all competitive exams:
- Indian Overseas Bank CEO: Partha Pratim Sengupta;
- Indian Overseas Bank Headquarters: Chennai;
- Indian Overseas Bank Founded: 10 February 1937, Chennai.
Economy News
6. Fitch Ratings Projects India’s GDP to 12.8% for FY22
- American credit rating agency, Fitch has revised India’s GDP growth estimate for the fiscal 2021-22 to 12.8%, from its previous estimate of 11%, in its latest Global Economic Outlook (GEO).
- The improvement in GDP rate is based on factors like a stronger carryover effect, a looser fiscal stance, and better virus containment. Also, for the fiscal year 2022-23, Fitch expects GDP growth at 5.8%.
Important takeaways for all competitive exams:
- Fitch Ratings Headquarters: New York, United States.
- Fitch Ratings CEO: Paul Taylor.
- Fitch Ratings Founder: John Knowles Fitch.
- Fitch Ratings Founded: 1914.
Appointments News
7. Indian-American Doctor Vivek Murthy appointed as US Surgeon General
- The US Senate has voted, 57-43, to confirm the appointment of Indian-American doctor Vivek Murthy as the Surgeon General under US President Biden’s administration.
- The 43-year-old Dr Murthy would occupy the position of America’s Surgeon General for the second time.
- Prior to this, Dr Murthy was appointed as surgeon general under the Obama administration in 2011 but was fired by former President Trump in 2017.
Ranks and Reports News
8. India ranks 40th on International Intellectual Property Index
- India ranked 40 among 53 global economies on the latest annual edition of the International Intellectual Property (IP) Index released.
- The US Chamber of Commerce Global Innovation Policy Centre (GIPC), the Index evaluates Intellectual Property rights in 53 global economies from patent and copyright policies to commercialisation of IP assets and ratification of international treaties.
- The 2021 Index illustrates that economies with the most effective IP frameworks are more likely to achieve the socio-economic benefits needed to combat COVID-19, including greater access to venture capital, increased private sector investment in research and development, and over 10 times more clinical trial activity.
Important takeaways for all competitive exams:
- World Intellectual Property Organization Headquarters: Geneva, Switzerland.
- World Intellectual Property Organization Founded: 14 July 1967.
- World Intellectual Property Organization Head: Daren Tang.
Awards News
9. ESAF Small Finance Bank Awarded With ‘Great Place To Work’ Certification
- ESAF Small Finance Bank had been awarded ‘Great place to work’ certification by the Great place to Work Institute.
- The certification is the result of an employee survey conducted by the third-party global authority on recognising high-trust and performance culture at workplaces.
- This recognition acknowledges the bank’s commitment and credibility amongst its employees.
Important takeaways for all competitive exams:
- ESAF Small Finance Bank MD & CEO: K Paul Thomas;
- ESAF Small Finance Bank HQ: Thrissur, Kerala.
10. Hindi Writer Prof. Sharad Pagare Selected for Vyas Samman 2020
- Well known Hindi writer, Prof. Sharad Pagare will be conferred with the prestigious Vyas Samman – 2020. He will be awarded the 31st Vyas Samman for his novel “Patliputru Ki Samragi”.
- The Vyas Samman started in 1991, is given by KK Birla Foundation for an outstanding literary work in Hindi authored by an Indian citizen published during the last 10 years. It carries an award of four lakh rupees along with a citation and plaque.
Important Days
11. International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
- International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is observed annually on 25th March every year.
- This day offers the opportunity to honour and remember those who suffered and died at the hands of the brutal slavery system. International Day also aims to raise awareness about the dangers of racism and prejudice today.
- 2021 Theme: “Ending Slavery’s Legacy of Racism: A Global Imperative for Justice”
Important takeaways for all competitive exams:
- United Nations Headquarters in New York, USA.
- Mr Antonio Guterres is the Secretary-General of the United Nations.
12. International Day of Solidarity with Detained and Missing Staff Members
- The International Day of Solidarity with Detained and Missing Staff Members is observed annually on 25 March by the United Nations.
- The day is marked each year on the anniversary of the abduction of Alec Collett, a former journalist who was working for the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) when he was abducted by armed gunman in 1985. His body was finally found in Lebanon’s Bekaa Valley in 2009.
Sports News
13. ISSF World Cup: India’s Aishwary Pratap Singh Tomar Wins Gold
- India’s Aishwary Pratap Singh Tomar won gold in the men’s 50m Rifle 3 Positions event at the ISSF World Cup in New Delhi. The 20-year-old became the youngest in history to win a shooting World Cup gold in the 3 Positions event. The two other Indian shooters in the final, Sanjeev Rajput finishing sixth and Niraj Kumar came at the last position.
- This was India’s 8th gold medal in the ongoing World Cup. India continues to dominate the medal tally with 15 so far. India has won three silver medals and four bronze to go with the eight gold medals.
Important takeaways for all competitive exams:
- International Shooting Sport Federation Headquarters: Munich, Germany;
- International Shooting Sport Federation President: Vladimir Lisin;
- International Shooting Sport Federation Founded: 1907.
Books and Authors News
14. A book titled ‘My Experiments with Silence’ authored by Samir Soni
- The book “My Experiments with Silence” is authored by Samir Soni on anxiety and self -discovery. Soni’s book aims to be a personal account of his dialogues with himself during his growing-up years in Delhi, his stint at Wall Street and his time in Bollywood.
- The book will be published by OM Books International. Soni said his book will be an “ode to anyone who has fought or is fighting their inner demons”.
Obituaries News
15. Acclaimed Polish Poet Adam Zagajewski passes away
- Renowned Polish poet Adam Zagajewski has passed away. He was a leading figure in Poland’s New Wave or Generation ’68, a literary movement of the late 1960s that called for a simple language to relate directly to reality.
- Zagajewski’s “Try to Praise the Mutilated World,” was translated into English by Clare Cavanaugh and published in The New Yorker.
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25th March 2021 Current Affairs | Current Affairs Today | Daily Current Affairs 2021
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