Category: All Current Affairs

IRDAI sets up 16-member panel on governance at insurers led by Pravin Kutumbe

March 22, 2020

• Insurance Regulatory and Development Authority of India (IRDAI) instituted a 16-member committee headed by Pravin Kutumbe to further strengthen its guidelines on corporate governance.
• The committee consists of a head, six members from the insurance regulator besides members from the Reserve Bank of India and the Securities and Exchange Board of India along with other industry partakers.

Crisil drops FY21 growth to 5.2% from 5.7%

March 22, 2020

• Crisil downgraded India’s Gross Domestic Forecast (GDP) for fiscal 2021 to 5.2% from 5.7% due to the coronavirus pandemic.
• As per Crisil, if the COVID 19 if not tackled by April-June 2020 globally then it may lead to a drastic slowdown.

Star health reveals ‘Star novel coronavirus policy’ for corona sufferers

March 22, 2020

• Star Health and Allied Insurance Co Ltd have launched ‘Star Novel Coronavirus Insurance Policy’ that gives coverage for hospitalized patients of COVID-19.
• The company has set a premium of Rs 459 plus GST(Goods and Services Tax) for a sum insured of Rs. 21,000 and a premium of Rs 918 plus GST for a sum insured of Rs 42,000.

TRIFED releases ‘Tech For Tribals’ program to produce technology to tribal entrepreneurs

March 22, 2020

• A 30- days long capacity-building program called “Tech for Tribal” has been started by the Tribal Cooperative Marketing Development Federation of India (TRIFED).
• More than 3 lakhs Tribal people will be profited from this program including 120 sessions.

New draft defence procurement Procedure 2020 released, targets to uplift indigenization; introduced ‘leasing’ category

March 22, 2020

• Union Defence Minister Rajnath Singh has launched a new “Draft Defence Procurement Procedure (DPP) 2020” featured promotion of indigenous manufacturing, during a meet in New Delhi.
• A total of 47 amendments carried out as part of Business Process Reengineering to draft DPP 2020.

International Day for the Elimination of Racial Discrimination: 21 March

March 21, 2020

• The International Day for the Elimination of Racial Discrimination is celebrated globally on 21 March every year.
• International Day for the Elimination of Racial Discrimination 2020 is centered on the midterm review of the International Decade for People of African Descent.

International Day of Forests observed on 21 March

March 21, 2020

• International Day of Forests is observed every year on 21 March to raise awareness of the importance of all types of forests.
• On this day, countries are encouraged to undertake local, national and international efforts to organize activities involving forests and trees. The theme for International Day of Forests 2020: Forests and Biodiversity.

World Down Syndrome Day celebrated on 21 March

March 21, 2020

• World Down Syndrome Day is observed every year on 21 March to spread public awareness of Down syndrome.
• Down syndrome occurs in an individual when he/she has an extra partial (or whole) copy of chromosome 21. The theme of World Down Syndrome Day 2020 is “We Decide”.

World Poetry Day observed globally on 21 March

March 21, 2020

• World Poetry Day is observed globally on 21 March every year. World Poetry Day is being observed annually to support linguistic diversity through poetic expression and to offer endangered languages the opportunity to be heard within their communities.
• UNESCO recognized 21st of March as World Poetry Day during its 30th session which was organized in Paris in 1999.

International Nowruz Day observed globally on 21 March

March 21, 2020

• International Nowruz Day is being observed globally on 21 March every year.
• It is being celebrated to celebrate “Nowruz” which is an ancestral festivity and marks the first day of spring which is celebrated on the occasion of the astronomical vernal equinox that generally occurs on 21 March.