Daily GK Update: 26th March 2023

By Neha Bisarya|Updated : March 27th, 2023

 Honours & Awards

1. Isha Ambani won GenNext Entrepreneur award at Forbes India Leadership event


  • Reliance Retail Ventures Ltd Director, Isha Ambani won the GenNext Entrepreneur Award at the 12th Forbes India Leadership Awards 2023.
  • She is the head of the $800 billion Reliance Retail Ventures Ltd and launched the JioMart.
  • Other awardees:
    • CEO of the year: CK Venkataraman (MD of Titan)
    • Lifetime Achievement Award: AM Naik (Chairman L&T)
    • Emerging Innovator: Pawan Chandana and Naga Bharath Daka (founders of Skyroot Aerospace)
    • Turnaround Star: Tata Communications
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 National & International Appointments

2. Government appoints Chief Justice of Allahabad, Chhattisgarh, and Patna HC


  • The government has cleared the appointment of new Chief Justices to Allahabad, Chhattisgarh, and Patna High Courts.
  • Justice Pritinker Diwaker has been appointed as the Chief Justice of Allahabad High Court.
  • Justice Ramesh Sinha of Allahabad has been appointed as Chief Justice of Chhattisgarh High Court.
  • Justice K Vinod Chandaran of Kerala High Court as Chief Justice of Patna HC.
  • In February 2023, the SC Collegium recommended several judges as Chief Justices of HC.
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3. Indian Army, IAF hold multi-domain exercise in Eastern Theatre


  • The Indian Army and Indian Air Force have conducted a 96-hour multi-domain air and land exercise named ‘Vayu Prahar’ in the eastern sector.
  • The exercise was conducted in the second week of March 2023 to formulate plans that can lead to synergy in multi-domain operations.
  • The scope of the joint exercise included the rapid mobilisation of a rapid reaction force from the hinterland.
  • Chief of Army Staff: General Manoj Pande
  • Chief of the Air Staff: Vivek Ram Chaudhari
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4. Indian Duo of Satwik-Chirag wins Swiss Open Super 300 title 2023


  • India’s men’s doubles badminton pair, Satwiksairaj Rankireddy and Chirag Shetty won the Swiss Open Super 300 title in 2023, held in Basel, Switzerland.
  • They beat Ren Xiang Yu and Tan Qiang from China by 21-19, and 24-22.
  • Other winners:
    • Men's singles: Koki Watanabe (Japan)
    • Women's singles: Pornpawee Chochuwong (Thailand)
    • Women's doubles: Rena Miyaura and Ayako Sakuramoto (Japan)
    • Mixed doubles: Jiang Zhenbang and Wei Yaxin (China)
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 National Affairs

5. CCEA approves MSP for Raw Jute at 5,050 rupees per quintal for 2023-24


  • Cabinet Committee on Economic Affairs (CCEA) has approved Minimum Support Price (MSP) for Raw Jute at 5,050 rupees per quintal for 2023-24.
  • The approval is based on the Commission for Agricultural Costs and Prices recommendations.
  • This would ensure a return of 63.20% over the all-India weighted average cost of production.
  • The Jute Corporation of India will continue as Central Government Nodal Agency to undertake Price Support Operations and the losses incurred, if any.
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 Important Dates

6. Earth Hour 2023 observed on March 25


  • Earth Hour was observed annually on the last Saturday of March from 8:30 pm to 9:30 pm.
  • In 2023, this day was observed on March 25 at 8.30 pm local time.
  • It is a worldwide movement organized by the World Wildlife Fund (WWF) to encourage individuals, communities, and businesses to turn off non-essential electric lights for one hour.
  • It was first started in Sydney, Australia on March 31, 2007, at 7:30 pm local time and has since gained popularity and momentum.
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 State Affairs

7. Rajasthan becomes first state to guarantee right to health


  • Rajasthan becomes the first state in India to pass the 'Right to Health (RTH) Bill'.
  • Under this bill, private hospitals will not be able to charge emergency patients and will be compensated by the state.
  • Free healthcare services including diagnostics, drugs, emergency transport, emergency care, and procedure will be provided at public institutions.
  • In the case of medico-legal nature, no private or public hospital can delay treatment on grounds of police clearance.
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 National Affairs

8. Finance Secretary T V Somanathan to head panel on pension schemes


  • FM Nirmala Sitharaman has announced the government has established a committee to review the New Pension System (NPS).
  • The panel is headed by finance secretary TV Somanathan.
  • From January 2004, the government has opted to move to NPS for all new recruits, with the government employees contributing 10% of their salary towards pension and the govt making a matching contribution.
  • Recently, Rajasthan, Chhattisgarh, Jharkhand, HP, and Punjab have decided to opt out of NPS.
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 Banking & Finance

9. Karur Vysya Bank, SBI Life in bancassurance tie-up in life insurance


  • Karur Vysya Bank signed an agreement as an additional bancassurance partner in the life insurance category with SBI Life.
  • Under this arrangement, banks earn additional revenue from the sale of insurance products via commission.
  • And, insurance companies can reach a wider set of customers without increasing their manpower.
  • Bancassurance: It is an arrangement between a bank and an insurance firm through which the insurer sell its products to the bank's customers.
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 Banking & Finance

10. Asian Development Bank to provide Rs 754 crore loan to SAEL Industries


  • Asian Development Bank (ADB) will provide a loan of up to Rs 754 crore to SAEL Industries Ltd for setting up biomass power plants in Rajasthan.
  • SAEL is a solar and agricultural waste-to-energy company.
  • It has developed a business model where crop residues are used as fuel in waste-to-energy projects.
  • The company aims to grow its portfolio to 3.5 GW over the next four years by adding 100 MW of new biomass and 600 MW of new solar capacity annually.
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Daily GK Update: 26th March 2023


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