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DAILY DOSE 3rd MARCH -2024 CURRENT AFFAIRS

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DAILY DOSE 3rd MARCH -2024 CURRENT AFFAIRS

 

History: 04th MARCH

  • In 1789, George Washington was unanimously elected as the first President of the United States by the U.S. Electoral College.
  • In 1948, Ceylon, now called Sri Lanka, gained independence from Britain.
  • 1922, 4th Feb: The Chauri Chaura incident took place on at Chauri Chaura in the Gorakhpur district of the United Province (modern Uttar Pradesh) in British India.
  • 1944, 4th Feb: Azad Hind Sena marched towards Delhi with the slogan ‘Chalo Delhi’ (Let’s go to Delhi).
  • 1891: M. A. Ayyangar, the First Deputy Speaker and then-Speaker of the Lok Sabha in the Indian Parliament.

 

1) Pancheshwar Multipurpose Project:

  • The recent Nepal-India official dialogue did not address progress on the significant Pancheshwar Multipurpose Project (PMP), despite the signing of a long-term power-sharing agreement over a month ago.
  • The project remains stalled due to disagreements over benefit sharing, posing challenges to its initiation.
  • Pancheshwar Multipurpose Project (PMP) is a joint hydropower initiative situated on the Mahakali River, shared by Nepal and India.
  • It is governed by the integrated Mahakali Treaty signed in 1996.
  • The project aims to generate approximately 6,480 MW of energy, with equal division between the two countries, and provide irrigation water for 130,000 hectares of land in Nepal and 240,000 hectares in India

2) Bharatiya Sakshya Adhiniyam 2023:

  • The Bharatiya Sakshya Adhiniyam introduces changes in electronic evidence provisions, addressing definitions and admissibility concerns.
  • Bharatiya Sakshya Adhiniyam is a new criminal law in India that replaces the Indian Evidence Act.
  • It introduces changes in provisions relating to electronic evidence, including definitions and admissibility procedures.
  • It is part of the three new criminal laws, the Bharatiya Nyay Sanhita (replacing IPC), Bharatiya Nagarik Suraksha Sanhita (replacing CrPC), and Bharatiya Sakshya Adhiniyam (replacing IEA), will be enforced from July 1, 2024.

 

3) International Intellectual Property Index : 12th Edition

  • The US Chamber of Commerce released its 12th edition of the International IP (Intellectual Property) Index, where India ranked 42 out of 55 countries with an overall score of 38.64%.
  • The United States topped the list, followed by the United Kingdom and France.
  • The index assesses the IP framework of the world’s top economies, noting 20 economies showing significant improvement.
  • While India’s IP framework is strengthening, it still lags behind the top performers.
  • The top 10 economies for IP rights include the United States, United Kingdom, France, Germany, Sweden, Japan, Netherlands, Ireland, Spain, and Switzerland.

 

4) Exercise Samudra Laksamana:

  • The Exercise Samudra Laksamana kicked off on February 28 and will continue until March 2, taking place at or off the coast of Visakhapatnam.
  • Exercise Samudra Laksamana is a joint naval exercise between the Indian Navy and Royal Malaysian Navy.
  • It is the 3rd edition of this exercise.
  • Indian Naval Ship Kiltan and Royal Malaysian Ship KD Lekir are participating in this exercise which has harbour professional interactions followed by the operational phase at sea.

 

5) Genome India Project : 10,000 Indian Genomes Sequencing

  • The Genome India Project recently announced that it had finished sequencing 10,000 Indian genomes.
  • Genome India Project is a pan-India initiative focused on the whole genome sequencing of representative populations across India.
  • The goal is to start with and execute whole genome sequencing and subsequent data analysis of 10,000 individuals representing the country’s diverse population.
  • This is a mission-mode, multi-institution consortium project, the first of its kind in India, supported and funded by the Department of Biotechnology, Government of India.
  • Genome is the complete set of genetic information in an organism.

 

6) India’s First Indigenous Hydrogen Fuel Cell Ferry:

  • Prime Minister of India flagged off India’s first indigenously built hydrogen fuel cell ferry boat in virtual.
  • The hydrogen cell-powered inland waterway vessel launched under the Harit Nauka initiative.
  • The vessel’s flagging off was a key component of a major program that involved the foundation stone laid for a ₹17,300-crore project, including the outer harbor at the V.O. Chidambaranar Port.
  • The vessel has been built at the Cochin Shipyard.
  • It will make urban mobility smooth and easy through inland waterways. The vessel underscores the pioneering step for embracing clean energy solutions and aligning with the nation’s net-zero commitments.
  • Hydrogen fuel cells are a clean, reliable, quiet, and efficient source of high-quality electric power.

 

7) Foreign Exchange Reserve : India Status

  • India’s foreign exchange reserves surged by $2.98 billion to $619.07 billion recently.
  • Foreign Exchange Reserves (also called Forex Reserves) are reserve assets held by a central bank in foreign currencies.
  • Foreign assets comprise assets that are not denominated in the domestic currency of the country.
  • These may include foreign currencies, bonds, treasury bills, and other government securities.
  • Reserves are denominated and expressed in the US dollar, which is the international numeraire for the purpose.
  • RBI is the custodian of the foreign exchange reserves in India.

India’s foreign exchange reserves comprise of;

  • Foreign currency assets (FCAs): These are maintained in currencies like the US dollar, euro, pound sterling, Australian dollar, and Japanese yen.
  • Gold
  • SDR (Special Drawing Rights): This is the reserve currency with the IMF.
  • RTP (Reserve Tranche Position): This is the reserve capital with the IMF.

 

8) Pradhan Mantri Anusuchit Jaati Abhyuday Yojna (PM-AJAY):

  • The Ministry of Social Justice and Empowerment inaugurated and laid the foundation stone for 34 residential hostels across various states and central institutes (under PM-AJAY), in order to cater to the accommodation needs of Scheduled Castes (SC) and Other Backward Classes (OBC) students.
  • PM-AJAY (Pradhan Mantri Adarsh Gram Yojana) is a Centrally Sponsored Scheme aimed at reducing poverty among Scheduled Castes (SC) communities and increasing literacy rates while encouraging SC enrollment in schools.

The scheme comprises several components:

  • Development of SC-dominated villages into “Adarsh Gram” (model villages) to uplift their socio-economic status.
  • Provision of grants-in-aid for District/State-level Projects focused on the socio-economic betterment of SC communities.

 

 

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