1. Indian Navy’s fifth Scorpene-class submarine sails out for first sea trial
- The Indian Navy's brand-new submarine, the fifth of six French-designed Scorpene-class submarines, sailed out on its first sea sortie.
- It will undergo rigorous trials before being delivered to the Navy later this year.
- The submarine-designated "Yard 11879" during its construction by Mazagon Dock Shipbuilders Limited (MDL) in collaboration with the Naval Group of France will be named 'Vagir' after it is commissioned into service.
2. Government approves continuation of scheme for Assistance to National Sport
- The government has approved the continuation of the Scheme of Assistance to National Sports Federations with an outlay of Rs.1575 crore for the 15th Finance Commission Cycle 2021-22 to 2025-26.
- It is the main source of funding for the preparation of national teams for all major national, international competitions.
- Funding will be used by National Sports Federations to conduct national coaching camps and provide training of international standards to athletes.
Honours & Awards
3. Neeraj Chopra nominated for Laureus World Breakthrough of the Year Award
- Tokyo Olympics gold medallist Neeraj Chopra has been nominated for the prestigious 2022 Laureus World Breakthrough of the Year Award
- The other 5 nominees are Daniil Medvedev(Australian Open runner-up), Emma Raducanu(British tennis star), Pedri(Barcelona and Spain footballer), Yulimar Rojas (Venezuelan athlete) and Ariarne Titmus(Australian swimmer)
- The winners will be revealed in April following a vote by the Laureus World Sports Academy, made up of 71 sporting greats
4. PNB launches co-branded credit cards with Patanjali
- Punjab National Bank (PNB) and Patanjali Ayurved Ltd have launched co-branded contactless credit cards in partnership with the National Payments Corporation of India (NPCI)
- The cards are offered on NPCI’s RuPay Platform and are available in two variants — PNB RuPay Platinum and PNB RuPay Select.
- The cardholders can enjoy a cashback of up to 2% (not more than Rs 50) for transactions of Rs 2,500 or above at Patanjali Stores.
5. BDL signs contract for supply of Konkurs anti-tank missiles for Indian Army
- Bharat Dynamics Ltd signed a contract worth ₹82 crores for the manufacture and supply of Konkurs anti-tank missiles for the Indian Army.
- BDL will manufacture and supply Konkurs anti-tank missiles to the Indian Army
- Konkurs - M is a second generation, mechanized infantry anti-tank guided missile, to destroy armored vehicle equipped with explosive reactive armour.
- BDL is also offering Man Portable Anti-Tank Guided Missiles, Nag, Milan-2T and Amogha, for exports.
6. Dukaan partners with Simpl to provide Buy Now, Pay Later services
- Dukaan, a platform that enables small and medium-sized businesses set up online stores and sell products digitally, has partnered with Simpl to provide BNPL services to Dukaan's merchants.
- Dukaan is notably the latest software platform to join Simpl's network of more than 10,000+ retail partners, to offer millions of customers buy now pay later options.
- In addition, Dukaan has made an application marketplace for further customization of online stores.
Banking & Finance
7. India's GDP expected to grow 7.8% in FY23: Crisil report
- Domestic rating agency CRISIL estimated FY 2022-23 real GDP growth at 8 per cent as compared with the 8.5 per cent projected in the Economic Survey.
- This estimate is owing to Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation.
- The agency said global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus.
Banking & Finance
8. LIC 10th most valued insurance brand globally: Brand Finance
- According to the London-based Brand Finance, LIC is the strongest and the largest brand in the country with a valuation of $8.656 bn.
- Also, LIC is ranked 3rd in brand strength globally after Poste Italiane, Italy and Mapfre, Spain
- It is also the 10th most valued insurance brand
- The market value of LIC will become Rs 43.40 lakh crore by 2022, and Rs 58.9-lakh crore by 2027.
- In overall brand ranking LIC become the world's 206th most valuable brand in 2021.
Science & Technology
9. Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites
- Khijadia Wildlife Sanctuary in Gujarat and Bakhira Wildlife Sanctuary in Uttar Pradesh — were declared Ramsar sites.
- With this, the total number of Ramsar sites in India goes up to 49.
- Khijadiya, which is part of the Central Asian Flyway, has become the 4th wetland of Gujarat to get the Ramsar tag.
- Bakhira Wildlife Sanctuary, a freshwater marsh in the Sant Kabir Nagar district.
- It is the largest natural floodplain wetland of eastern Uttar Pradesh.
10. India & Nepal Sign MoU to Construct Motorable Bridge Across Mahakali River
- India and Nepal signed a Memorandum of Understanding (MoU) for the construction of a motorable Bridge over the Mahakali River.
- It will connect Dharchula in India to Darchula in Nepal.
- It will be constructed under Indian grant assistance.
- The newly announced project to build a bridge over the Mahakali river would strengthen Nepal-India relations.
- The project will improve cross-border connectivity between Nepal’s Sudurpaschim province and India’s Uttarakhand state.
Banking & Finance
11. EXIM Bank signs $500m LoC agreement with Sri Lanka
- The EXIM Bank of India and the Sri Lankan Govt signed a $500 mn Line of Credit.
- Aim: to help Sri Lanka cope with its current fuel shortages, amid one of the worst economic meltdowns facing Sri Lanka.
- India’s support for fuel imports — by Sri Lanka from India — through the LoC, is in response to Lanka’s urgent requirement.
- This critical support comes in the wake of a virtual meeting b/w the EAM S Jaishankar and the Sri Lanka’s MoF Basil Rajapaksa.
12. Mithali Raj moves to 2nd spot in ICC ODI rankings
- India's One-day International skipper Mithali Raj has risen one spot to second in the ICC Women's ODI Player Rankings for batters.
- Mithali has displaced South African batter Lizelle Lee, who is now third on the list with 731 points
- India opener Smriti Mandhana, who was recently named 'ICC women's Cricketer of the Year for 2021', continues to maintain her sixth spot.
- Australia's Alyssa Healy ranked first.