12th March 2021 Current Affairs


GK Update of twelfth March 2021 masking the next information headlines: Pradhan Mantri Swasthya Suraksha Nidhi, Insurance Act 1938, Supercomputer, Chief Statistician of India.

National News

1. Union Cabinet approves Pradhan Mantri Swasthya Suraksha Nidhi

  • The Union Cabinet has authorised the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN), as a single non-lapsable reserve fund.
  • This has been authorised for the share of Health from proceeds of Health and Education Cess which is levied below the Section 136-b of Finance Act, 2007.
  • This is a non-lapsable reserve fund for the Health within the Public Account. This fund will comprise of the proceeds from the share of well being within the Health and Education Cess.
  • This income within the fund will probably be used for the flagship schemes of the Health Ministry together with the National Health Mission, Ayushman Bharat – Health and Wellness Centres, Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana and for the emergency & catastrophe preparedness and responses in circumstances of well being emergencies.

2. Cabinet Approves Amendments in Insurance Act 1938

  • The Union Cabinet has given its nod for amendments within the Insurance Act, paving means for 74 per cent international direct funding within the sector. Currently, the permissible FDI restrict in life and common insurance coverage stands at 49 per cent with possession and administration management with Indian.
  • According to sources, the Cabinet in its assembly has approval for amendments within the Insurance Act, 1938. It was in 2015 when the federal government hiked the FDI cap within the insurance coverage sector from 26 per cent to 49 per cent. 
  • The majority of administrators on the board and key administration individuals can be resident Indians, with no less than 50 per cent of administrators being impartial administrators, and a specified proportion of earnings being retained as a common reserve.
  • An improve in FDI will assist enhance life insurance coverage penetration within the nation. Life insurance coverage premium as a proportion of GDP is 3.6 per cent within the nation, means beneath the worldwide common of seven.13 per cent, and within the case of common insurance coverage, it’s even worse at 0.94 per cent of GDP, as towards the world common of two.88 per cent.
  • The authorities has earlier allowed 100 per cent international direct funding in insurance coverage intermediaries.

International News

3. World’s Most Powerful Supercomputer Fugaku is prepared to be used

  • The Japanese scientific analysis institute referred to as RIKEN and Fujitsu began creating the “Fugaku” six years in the past. It is the world’s strongest supercomputers. Fugaku has been named after another title for Mount Fuji.
  • Now, this supercomputer is absolutely prepared and developed in Japan and is now obtainable for analysis use. This supercomputer has been developed with the goal of constructing the system core of the computing infrastructure of Japan.
  • The pc includes 100 occasions the appliance efficiency of the K supercomputer.
  • It has been developed to implement high-resolution, large-scale and long-duration simulation.
  • It began growth within the yr 2014 because the successor to the K pc. It is constructed with the Fujitsu A64FX microprocessor.

Important takeaways for all aggressive exams:

  • Japan Capital: Tokyo.
  • Japan Currency: Japanese yen.
  • Japan Prime minister: Yoshihide Suga.

Appointments News

4. GoI appoints Dr. GP Samanta as new Chief Statistician of India

  • The Central Government has appointed Dr G P Samanta as the brand new Chief Statistician of India (CSI) for a interval of two years.
  • He is India’s fourth CSI. He will change Kshatrapati Shivaji who was holding an extra cost of the put up since September 2020.
  • Currently, Dr Samanta was serving as an adviser within the Reserve Bank of India’s (RBI) Department Of Statistics and Information Management. Dr Samanta will even function the Secretary of the Ministry of Statistics and Programme Implementation (MoSPI).

5. Union Minister Anurag Thakur promoted as Captain in Territorial Army

  • Union Minister Anurag Thakur has grow to be the primary serving MP to be appointed as Captain within the Territorial Army. Thakur has been promoted to the rank of Captain at 124 Infantry Battalion Territorial Army (Sikh).
  • The four-time BJP MP from Himachal Pradesh’s Hamirpur was commissioned into the Territorial Army as a Lieutenant by then Chief of Army Staff (COAS) General Dalbir S Suhag TA in July 2016.

Agreements News

6. IBM indicators MoU with U’khand Government to introduce STEM for Girls


  • IBM has introduced a collaboration with Samagra Sikhsha Uttarakhand, the Government of Uttarakhand’s training mission, to introduce the ‘IBM STEM for Girls’ program in 130 secondary and better secondary faculties throughout 5 districts within the state.
  • The collaboration is a part of a three-year program between IBM and Uttarakhand State Government with the American India Foundation because the implementation companion to extend the participation of women and girls in STEM careers.
  • The program will advance the talents and careers of near 25,600 college students within the Science, Technology, Engineering, and Math (STEM) fields.
  • The ‘IBM STEM for Girls’ program encompasses a complete method that builds technical capabilities in addition to life and self-actualization abilities.
  • ‘STEM for Girls’ is an IBM Corporate Social Responsibility initiative primarily geared toward enhancing education-to-work and profession pathways for ladies who’re learning in Government faculties.

Important takeaways for all aggressive exams:

  • IBM CEO: Arvind Krishna.
  • IBM Headquarters: Armonk, New York, United States.
  • Governor of Uttarakhand: Baby Rani Maurya.
  • Uttarakhand CM: Tirath Singh Rawat.

Important Days

7. World Kidney Day noticed globally on eleventh March 2021

  • World Kidney Day is noticed globally on the second Thursday of March yearly. This yr World Kidney Day is noticed on eleventh March 2021. The theme of the 2021 World Kidney day is “Living Well with Kidney Disease”.
  • World Kidney Day is a worldwide marketing campaign geared toward elevating consciousness of the significance of our kidneys. World Kidney Day goals to boost consciousness of the significance of our kidneys to our general well being and to scale back the frequency and impression of kidney illness and its related well being issues worldwide.

Obituaries News

8. Ivory Coast Prime Minister Hamed Bakayoko passes away

  • The incumbent Prime Minister of Ivory Coast, Hamed Bakayoko, has handed away because of most cancers. He was named prime minister in July 2020 following the sudden demise of his predecessor, Amadou Gon Coulibaly.
  • President of Ivory Coast, Alassane Ouattara, has named Patrick Achi as interim prime minister rather than Bakayoko. Patrick Achi was serving because the chief of defence employees of the nation.

Important takeaways for all aggressive exams:

  • Ivory Coast President: Alassane Ouattara.
  • Ivory Coast Capital: Yamoussoukro.
  • Ivory Coast Currency: West African CFA franc.

Miscellaneous News

9. 2021 Dandi March to mark 75 years of Independence

  • Prime Minister Narendra Modi has flagged off the 91st anniversary of Dandi March on March 12 in Ahmedabad to have fun the seventy fifth anniversary of India’s Independence.
  • The Salt March, which befell from March to April 1930, was an act of civil disobedience led by Mahatma Gandhi to protest the British rule within the nation.
  • The occasion is kicked off from Mahatma Gandhi’s Sabarmati Ashram and this occasion can be the a part of the State authorities’s programme to mark “Azadi Ka Amrut Mahotsav.”
  • The Dandi March or Salt March as a part of Mahatma Gandhi’s non-violent protest towards the British monopoly on the manufacturing of salt. Led by Gandhi, 78 individuals began the 24-day march on March 12 and reached Dandi on April 5, 1930. After making salt at Dandi, Gandhi headed to Dharasana Salt Works, 40 km south, however was arrested on May 5.

10. J&K celebrates competition of Shivratri ‘Herath’ 

  • In the Union Territory of Jammu and Kashmir, the competition of Shivratri ‘Herath’ is being celebrated throughout Jammu and Kashmir. Festival Mahashivratri domestically generally known as Herath in Kashmir is being celebrated throughout J&K by Kashmiri Pandit Community with spiritual fervour by providing “Watak Nath Pooja”.
  • The competition assumes colossal significance among the many Kashmiri Pandit Community who have fun it to mark the marriage of “Lord Shiva with Goddess Parvati”. This competition symbolizes the values of devotion and concord, that are the hallmarks of the fantastic custom & cultural ethos of Jammu and Kashmir.

Important takeaways for all aggressive exams:

  • Lieutenant Governor of J&K: Manoj Sinha.