RBI to infuse Rs 30,000 crore to uplift liquidity
March 21, 2020
- The Reserve Bank of India (RBI) will infuse liquidity of Rs 30,000 crore by purchasing of Government securities under Open Market Operations (OMOs) to maintain financial stability in the Indian economy.
- RBI has took this decision to improve liquidity in order to ensure that all markets segments function normally with adequate liquidity and turnover, as certain financial market segments are facing stress due to COVID-19 outbreak.
UN releases World Happiness Report 2020
March 21, 2020
- United Nations (UN) delivered the 8th World Happiness Report 2020 to measure the happiness of people of 156 countries where India(3.573) ranks in 144th position & Finland(7.809) tops the 3rd time.
- The survey places the countries using Gallup World Poll, GDP levels, life expectancy, generosity, social support, freedom & corruption income.
APEDA inks MoU with SFAC for development of agriculture sector
March 21, 2020
- Agricultural and Processed Food Products Export Development Authority(APEDA) and Small Farmers Agribusiness Consortium(SFAC) has inked an MoU for the upliftment of agriculture and allied sectors as well as its exports for bringing better value to the stakeholders.
Key takeaways of the MoU signed by APEDA and SFAC:
- As per MoU, APEDA and SFAC will cooperatively work to link up the FPOs with the exporters.
- They will also work towards capacity upliftment, awareness programs, outreach programs and workshops of various stakeholders.
- APEDA will facilitate certification of organic produce/areas by the Farmer Producer Companies (FPCs) assisted or identified by SFAC.
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.
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.
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”.
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.
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.
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.
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