Current Affairs 13 March 2022

Dear aspirants, to crack any type of competitive examination current affairs plays a significant role and for that we are providing daily important news that are most important for your examination. So we are here for you to provide the important Recent and Latest Current Affairs 13 March 2022.

Current Affairs 13 March 2022 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

 News Headlines 

1. Ex-Finance Secretary Debasish Panda appointed IRDAI chairman for 3 years
2. IPO-bound LIC posts Rs 235 cr profit in Q3 of 2021-22
3. 15th round of Corps Commander level talks underway between India, China
4. Labour Minister Shri Bhupendra Yadav releases Book titled ‘Role of Labour in India’s Development’
5. Minister of State for Culture, Sri Arjun Ram Meghwal inaugurates Sahityotsav, the Festival of Letters of Sahitya Akademi
6. Sh. Narayan Rane Launches MSME Innovative Scheme And Idea Hackathon 2022
7. Hungary elects Katalin Novak, first-ever female president
8. Crisil retains GDP growth forecast at 7.8 percent for 2022-23
9. CCI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Ltd
10. Ministry of Education releases Report on Unified District Information System for Education Plus (UDISE+) 2020-21
11. India, Bangladesh, Nepal finalise MOU for implementation of BBIN Motor Vehicles Agreement
12. India’s largest reclining statue to be situated in Bodh Gaya
13. Aditya Birla Sun Life Insurance partners Bharat Co-operative Bank
14. CCI clears Amazon’s proposal to buy Catamaran’s stake in Cloudtail parent
15. Karnataka govt launches programme to provide 5 lakh jobs to women

 News Details 

1. Ex-Finance Secretary Debasish Panda appointed IRDAI chairman for 3 years

• Former Finance Secretary Debasish Panda has been appointed as the chairman of Insurance Regulatory and Development Authority of India (IRDAI) for a period of three years.
• He will fill the seat that has been lying vacant after Subhash Chandra Khuntia completed his term in May last year.
• He retired as financial services secretary in January 2022.

2. IPO-bound LIC posts Rs 235 cr profit in Q3 of 2021-22

• The net profit of Life Insurance Corporation of India rose to Rs 234.91 crore in the third quarter of the current financial year.
• It recorded Rs 0.91 crore in the corresponding period of last year.

3. 15th round of Corps Commander level talks underway between India, China

• India and China are holding the 15th round of Corps Commander level talks at the Indian side of Chushul Moldo Meeting Point.
• India and China have been holding talks on the Line of Actual Control in the Eastern Ladakh area to resolve the standoff and 14 rounds have been held so far.

4. Labour Minister Shri Bhupendra Yadav releases Book titled ‘Role of Labour in India’s Development’

• Union Minister for Labour and Employment & Environment, Forest and Climate Change Shri Bhupender Yadav released a book titled ‘Role of Labour in India’s Development’ at New Delhi.
• The Book contains 12 articles written by eminent academicians and practitioners on the contribution of labour in India’s development journey.

5. Minister of State for Culture, Sri Arjun Ram Meghwal inaugurates Sahityotsav, the Festival of Letters of Sahitya Akademi

• Sahityotsav, the Festival of Letters of Sahitya Akademi, India’s most inclusive literature festival commenced in New Delhi.
• Festival of Letters 2022 is being celebrated to commemorate the 75th anniversary of India’s Independence.
• The Exhibition showcases Akademi‘s achievements and seminal events held in the previous year.

6. Sh. Narayan Rane Launches MSME Innovative Scheme And Idea Hackathon 2022

• Union Minister for Micro, Small and Medium Enterprises (MSME), Narayan Rane has launched the MSME Innovative Scheme (Incubation, Design and IPR) along with the MSME Idea Hackathon 2022.
• MSMEs have an important role to play in Atmanirbhar Bharat and these schemes will help entrepreneurs in developing new ventures.

7. Hungary elects Katalin Novak, first-ever female president

• The Hungarian parliament has elected Katalin Novak, a close ally of Prime Minister Viktor Orban, as the EU member’s first-ever female president.
• Novak, who most recently served as a minister for family policy, portrayed her election as a victory for women.
• Hungary’s Capital : Budapest.
• Currency : Hungarian forint.

8. Crisil retains GDP growth forecast at 7.8 percent for 2022-23

• Domestic rating agency CRISIL has estimated FY23 real GDP growth at 7.8 percent as compared with the 8.5 per cent projected in the Economic Survey.
• The growth slowed to 7.8 per cent in FY23 from the 9.2 per cent in FY22.
• Global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus.

9. CCI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Ltd

• The Competition Commission of India (CCI) approves acquisition of 100% share capital of L&T Investment Management Limited (L&T AMC/Target) by HSBC Asset Management (India) Private Limited (HSBC AMC/Acquirer).
• HSBC AMC is the asset management entity for operating the day-to-day functioning of HSBC Mutual Fund schemes.

10. Ministry of Education releases Report on Unified District Information System for Education Plus (UDISE+) 2020-21

• Ministry of Education has released the report on Unified District Information System for Education Plus 2020-21 on school education of India.
• The UDISE+ system of online data collection from the schools was developed by the Department of School Education & Literacy in 2018-19 to overcome the issues related to erstwhile practice of manual data filling in paper format.

11. India, Bangladesh, Nepal finalise MOU for implementation of BBIN Motor Vehicles Agreement

• India, Bangladesh & Nepal finalised an enabling MoU to be signed by them for the implementation of the BBIN Motor Vehicles Agreement (MVA), pending ratification of the MVA by Bhutan.
• The delegates agreed on specific steps and timelines to expeditiously finalise the Passenger and Cargo Protocols for the implementation of the BBIN MVA.
• The Indian delegation was led by Smita Pant, Joint Secretary, Ministry of External Affairs.

12. India’s largest reclining statue to be situated in Bodh Gaya

• India’s largest reclining statue of Lord Buddha is being built in Bodh Gaya.
• Built by Buddha International Welfare Mission, the statue will be 100 feet long and 30 feet high.
• Lord Buddha is in the sleeping posture in the statue.
• The construction of the giant statue started in the year 2019.
• It is being made with fiberglass and built by sculptors from Kolkata.

13. Aditya Birla Sun Life Insurance partners Bharat Co-operative Bank

• Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), and Bharat Co-operative Bank (Mumbai) Ltd. have announced their bancassurance partnership.
• This collaboration facilitates a common platform to reach out to the bank’s five lac plus customers with relevant life insurance solutions.

14. CCI clears Amazon’s proposal to buy Catamaran’s stake in Cloudtail parent

• The Competition Commission of India has cleared Amazon’s proposal to acquire Catamaran Ventures’ entire stake in Prione Business Services Pvt. Ltd., the joint venture between Infosys co-founder N. R. Narayana Murthy’s Catamaran Ventures and the US-based e-commerce giant.
• Prione Business Services houses Cloudtail, one of the largest retailers in the e-commerce firm’s India.

15. Karnataka govt launches programme to provide 5 lakh jobs to women

• Minister of Higher Education, Electronics, IT-BT, S&T and Skill Development Dr. C N Aswath Narayan has launched Women@Work (W@W) programme.
• It aims to provide five lakh jobs within 2026 to women with necessary employable skills.
• The new initiative was also held as part of the Karnataka digital economy mission programme.

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