Daily GK Update: 18th March 2022

By Vijay Kumar|Updated : March 18th, 2022

 Honours & Awards

1. Poland's Karolina Bielawska crowned Miss World 2021

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  • Karolina Bielawska from Poland was honoured with the Miss World 2021 crown at the 70th edition of the event at the Coca-Cola Music Hall in San Juan, Puerto Rico.
  • Miss World 2019 Toni-Ann Singh of Jamaica crowned her successor at the finale.
  • 1st Runner Up: Shree Saini ( United States)
  • 2ns Runner Up: Olivia Yace (Cote d'Ivoire)
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 Important Dates

2. World Sleep Day 2022 : 18th March

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  • The World Sleep Day is observed on the Friday before the March equinox every year to highlight the importance of quality sleep.
  • In 2022, World Sleep Day falls on 18th March 2022.
  • The theme of 2022 is ‘Quality Sleep, Sound Mind, Happy World’.
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 National Affairs

3. Mahatma Gandhi Green Triangle inaugurated in Madagascar

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  • As part of the ‘Azadi ka Amrit Mahotsav’ celebration, a “Green Triangle” named after Mahatma Gandhi, was inaugurated in Antananarivo, the capital city of Madagascar.
  • The Mahatma Gandhi Green Triangle was jointly inaugurated by India’s Ambassador to Madagascar Abhay Kumar and Mayor of Antananarivo, Naina Andriantsitohaina.
  • The naming of this park as Mahatma Gandhi Green Triangle is an apt tribute to Mahatma Gandhi.
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 National Affairs

4. India restores e-tourist visas that remained suspended since March 2020

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  • MHA has restored all valid 5-year e-tourist visas to nationals of 156 countries with immediate effect, suspended since March 2020 due to Covid pandemic
  • These counties will also be eligible for the issuance of fresh e-Tourist visas
  • The Ministry has also restored valid regular (paper)long-duration 10 years tourist visas for US and Japanese nationals
  • It will not be applicable to Afghanistan nationals who will continue to be governed by an e-Emergency X-Miscellaneous Visa
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 Important Dates

5. Global Recycling Day 2022: 18th March

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  • The Global Recycling Day is observed every year on the 18th of  March to recognise the importance of recycling as a resource, not waste.
  • Theme - 2022: “recycling fraternity”.
  • The theme recognises the people who put themselves on the frontline to collect waste and recycle during the multiple lockdowns.
  • The Global Recycling Day was created in 2018 by the London-based Global Recycling Foundation to promote the concept and practice of recycling.
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 Banking & Finance

6. Co-branded credit cards with Emirates Skywards launched by ICICI Bank

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  • ICICI Bank has launched ‘Emirates Skywards ICICI Bank Credit Card’ in partnership with Emirates Skywards, the loyalty programme of Emirates and flydubai.
  • The bouquet of cards allows the customers to earn reward points – called Skywards Miles – on travel, lifestyle and everyday spending.
  • ICICI Bank is the first Indian bank to partner with Emirates Skywards to offer the exclusive range of credit cards in the country.
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 Banking & Finance

7. RBI unveils harmonised framework for microfinance lenders

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  • The Reserve Bank of India has released the framework for Microfinance Loans
  • Important Point:
    • It is defined as a collateral-free loan given to a household - Annual household income- up to Rs. 3,00,000
    • Instead, it has focused on borrowers’ repayment capacity and accordingly capped the fixed obligation to income ratio (FOIR) at 50 per cent
    • The min and max requirements of microfinance loans for NBFC-MFIs have been revised to 75% and max 25% respectively of the total assets
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 International Affairs

8. World Happiness Report 2022: Finland tops list again

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  • Finland topped the list for the fifth time in a row, according to the 10th edition of the World Happiness Report.
  • India has improved its rank by three spots to acquire 136th position (last year-146) in the United Nations’ World Happiness Report for the year 2022.
  • The top 5 countries of the 2022 World Happiness Report:

1. Finland

2. Denmark

3. Iceland

4. Switzerland

5. The Netherlands

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 Banking & Finance

9. NPCI set to launch UPI Lite for small value transactions in offline mode

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  • National Payments Corporation of India (NPCI) has designed the 'UPI Lite – On-Device wallet'  (UPI Lite) functionality for UPI user for small value transactions
  • About 75% of the total volume of retail transactions (including cash) in India are below Rs100 transaction value
  • Further, 50% of the total UPI transactions are having a transaction value of up to Rs.200
  • In phase 1,UPI Lite will process transactions in complete offline mode i.e. debit and credit both offline
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 Science & Technology

10. Rajnath sigh inaugurates Flight Control System Integration complex in Benga

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  • Raksha Mantri Shri Rajnath Singh inaugurated a seven-storeyed Flight Control System (FCS) Integration facility at Aeronautical Development Establishment (ADE), a laboratory of DRDO in Bengaluru.
  • The state-of-the-art complex has been constructed in record 45 days, with in-house hybrid technology consisting of conventional, pre-engineered and precast methodology.
  • The technology has been developed by DRDO with the help of M/s Larsen & Toubro (L&T).
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Daily GK Update: 18th March 2022

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