25th March 2021 Current Affairs


GK Update of twenty fifth March 2021 overlaying the next information headlines: My Experiments with Silence, ISSF World Cup, Vyas Samman 2020, ESAF Small Finance Bank, International Intellectual Property Index.

National News

1. CJI SA Bobde recommends Justice NV Ramana as his successor

  • Chief Justice of India (CJI) SA Bobde has advisable Justice NV Ramana’s identify as his successor after he retires subsequent month. CJI Bobde is about to retire on 23 April.
  • In a letter to the Law Ministry, CJI SA Bobde advisable Justice Ramana as his successor.
  • Justice NV Ramana is probably the most senior decide within the apex courtroom after CJI Bobde.
  • On appointment, Justice NV Ramana would be the forty eighth Chief Justice of India and he can have an extended tenure as CJI for over 16 months.

International News

2. Sri Lanka inks 3 years USD 1.5 billion foreign money swap take care of China

  • Sri Lanka has signed a 10 billion yuan (about USD 1,5 billion) foreign money swap deal with China with the principle motive to advertise bilateral commerce and direct funding between the 2 nations.
  • The settlement signed between the Central Bank of Sri Lanka and the People’s Bank of China is legitimate for 3 years.
  • China stays Sri Lanka’s largest supply of imports. In 2020, imports from China amounted to USD 3.6 billion, or simply over 22 per cent of Sri Lanka’s imports.
  • The deal comes as Sri Lanka is present process a tough time with COVID-19, dealing a extreme blow to its financial system, particularly its USD 4.5 billion tourism business.
  • Sri Lanka additionally should pay almost USD 4.5 billion in overseas money owed yearly till 2025.

Important takeaways for all aggressive exams:

  • Sri Lanka Capitals: Sri Jayawardenepura Kotte; Currency: Sri Lankan rupee.
  • Sri Lanka Prime Minister: Mahinda Rajapaksa; Sri Lanka President: Gotabaya Rajapaksa.

3. World’s first Ship Tunnel to be inbuilt Norway

  • The Norwegian Coastal Administration has acquired the inexperienced sign to begin engaged on the development of the world’s first tunnel, being constructed completely for ships.
  • The tunnel is dubbed as “Stad Ship Tunnel” and can be constructed beneath the mountainous Stadhavet peninsula in northwestern Norway.
  • The 1.7 km tunnel will be capable of deal with ships of as much as 16,000 tonnes and provides ships a safer passage via the treacherous Stadhavet Sea.
  • The tunnel can be 49 metres (161 ft) excessive and 36 metres (118 ft) extensive.
  • It is estimated to price at the least 2.8 billion Norwegian kroner (NZ$460 million) the development of this ship tunnel.
  • The building would start in 2022 and would take three to 4 years to finish.

Important takeaways for all aggressive exams:

  • Norway Currency: Norwegian krone.
  • Norway Capital: Oslo.
  • Prime Minister of Norway: Erna Solberg.

State News

4. World TB Day 2021: Kerala’s TB eradication programme luggage nationwide honour

  • Kerala’s tuberculosis eradication programme had gained nationwide honour because the state bagged the Union authorities’s award for lowering the prevalence of the illness via varied systematic initiatives. Kerala is the one state had chosen for recognition within the state class.
  • The southern state has lowered the TB prevalence price by 5 per cent within the final 5 years as a part of reaching sustainable improvement targets.
  • The nation has set an formidable objective to attain “End Tuberculosis” by lowering the incidence of latest TB circumstances by 80% by 2025, 5 years forward of UN Sustainable Development Goals.

Important takeaways for all aggressive exams:

  • Kerala CM: Pinarayi Vijayan.
  • Kerala Governor: Arif Mohammad Khan.

Banking News

5. Indian Overseas Bank launches ‘IOB Trendy’ financial savings account

  • Indian Overseas Bank (IOB) has launched ‘IOB Trendy’, a financial savings account customised for the rising millennial inhabitants within the nation by protecting their banking preferences in thoughts. IOB Trendy is a Savings Bank Account Scheme launched by the financial institution in direction of this endeavour.
  • For opening an IOB Trendy account, a buyer must be throughout the age bracket of 21 – 38 years.
  • The account could also be self or collectively operated. In the case of a joint account, the first holder needs to be a millennial on the time of account opening.
  • There isn’t any ‘Opening Balance’ requirement for IOB Trendy. So, no fees can be levied for the primary month for non-maintenance of steadiness.

Important takeaways for all aggressive exams:

  • Indian Overseas Bank CEO: Partha Pratim Sengupta;
  • Indian Overseas Bank Headquarters: Chennai;
  • Indian Overseas Bank Founded: 10 February 1937, Chennai.

Economy News

6. Fitch Ratings Projects India’s GDP to 12.8% for FY22

  • American credit standing company, Fitch has revised India’s GDP development estimate for the fiscal 2021-22 to 12.8%, from its earlier estimate of 11%, in its newest Global Economic Outlook (GEO).
  • The enchancment in GDP price is predicated on elements like a stronger carryover impact, a looser fiscal stance, and higher virus containment. Also, for the fiscal 12 months 2022-23, Fitch expects GDP development at 5.8%. 

Important takeaways for all aggressive exams:

  • Fitch Ratings Headquarters: New York, United States.
  • Fitch Ratings CEO: Paul Taylor.
  • Fitch Ratings Founder: John Knowles Fitch.
  • Fitch Ratings Founded: 1914.

Appointments News

7. Indian-American Doctor Vivek Murthy appointed as US Surgeon General

  • The US Senate has voted, 57-43, to substantiate the appointment of Indian-American physician Vivek Murthy because the Surgeon General beneath US President Biden’s administration.
  • The 43-year-old Dr Murthy would occupy the place of America’s Surgeon General for the second time.
  • Prior to this, Dr Murthy was appointed as surgeon basic beneath the Obama administration in 2011 however was fired by former President Trump in 2017.

Ranks and Reports News

8. India ranks fortieth on International Intellectual Property Index

  • India ranked 40 amongst 53 world economies on the most recent annual version of the International Intellectual Property (IP) Index launched.
  • The US Chamber of Commerce Global Innovation Policy Centre (GIPC), the Index evaluates Intellectual Property rights in 53 world economies from patent and copyright insurance policies to commercialisation of IP property and ratification of worldwide treaties.
  • The 2021 Index illustrates that economies with the best IP frameworks usually tend to obtain the socio-economic advantages wanted to fight COVID-19, together with higher entry to enterprise capital, elevated personal sector funding in analysis and improvement, and over 10 instances extra scientific trial exercise.

Important takeaways for all aggressive exams:

  • World Intellectual Property Organization Headquarters: Geneva, Switzerland.
  • World Intellectual Property Organization Founded: 14 July 1967.
  • World Intellectual Property Organization Head: Daren Tang.

Awards News

9. ESAF Small Finance Bank Awarded With ‘Great Place To Work’ Certification

  • ESAF Small Finance Bank had been awarded ‘Great place to work’ certification by the Great place to Work Institute.
  • The certification is the results of an worker survey carried out by the third-party world authority on recognising high-trust and efficiency tradition at workplaces.
  • This recognition acknowledges the financial institution’s dedication and credibility amongst its staff.

Important takeaways for all aggressive exams:

  • ESAF Small Finance Bank MD & CEO: K Paul Thomas;
  • ESAF Small Finance Bank HQ: Thrissur, Kerala.

10. Hindi Writer Prof. Sharad Pagare Selected for Vyas Samman 2020

  • Well identified Hindi author, Prof. Sharad Pagare can be conferred with the prestigious Vyas Samman – 2020. He can be awarded the thirty first Vyas Samman for his novel “Patliputru Ki Samragi”.
  • The Vyas Samman began in 1991, is given by KK Birla Foundation for an impressive literary work in Hindi authored by an Indian citizen printed over the past 10 years. It carries an award of 4 lakh rupees together with a quotation and plaque.

Important Days

11. International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade

  • International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is noticed yearly on twenty fifth March yearly.
  • This day presents the chance to honour and keep in mind those that suffered and died by the hands of the brutal slavery system. International Day additionally goals to boost consciousness in regards to the risks of racism and prejudice right now.
  • 2021 Theme: “Ending Slavery’s Legacy of Racism: A Global Imperative for Justice”

Important takeaways for all aggressive exams:

  • United Nations Headquarters in New York, USA.
  • Mr Antonio Guterres is the Secretary-General of the United Nations.

12. International Day of Solidarity with Detained and Missing Staff Members

  • The International Day of Solidarity with Detained and Missing Staff Members is noticed yearly on 25 March by the United Nations.
  • The day is marked annually on the anniversary of the kidnapping of Alec Collett, a former journalist who was working for the United Nations Relief and Works Agency for Palestine Refugees within the Near East (UNRWA) when he was kidnapped by armed gunman in 1985. His physique was lastly present in Lebanon’s Bekaa Valley in 2009.

Sports News

13. ISSF World Cup: India’s Aishwary Pratap Singh Tomar Wins Gold

  • India’s Aishwary Pratap Singh Tomar gained gold within the males’s 50m Rifle 3 Positions occasion on the ISSF World Cup in New Delhi. The 20-year-old grew to become the youngest in historical past to win a taking pictures World Cup gold within the 3 Positions occasion. The two different Indian shooters within the remaining, Sanjeev Rajput ending sixth and Niraj Kumar got here on the final place.
  • This was India’s eighth gold medal within the ongoing World Cup. India continues to dominate the medal tally with 15 to date. India has gained three silver medals and 4 bronze to go along with the eight gold medals.

Important takeaways for all aggressive exams:

  • International Shooting Sport Federation Headquarters: Munich, Germany;
  • International Shooting Sport Federation President: Vladimir Lisin;
  • International Shooting Sport Federation Founded: 1907.

Books and Authors News

14. A e-book titled ‘My Experiments with Silence’ authored by Samir Soni

  • The e-book “My Experiments with Silence” is authored by Samir Soni on nervousness and self -discovery. Soni’s e-book goals to be a private account of his dialogues with himself throughout his growing-up years in Delhi, his stint at Wall Street and his time in Bollywood.
  • The e-book can be printed by OM Books International. Soni mentioned his e-book can be an “ode to anyone who has fought or is fighting their inner demons”.

Obituaries News

15. Acclaimed Polish Poet Adam Zagajewski passes away

  • Renowned Polish poet Adam Zagajewski has handed away. He was a number one determine in Poland’s New Wave or Generation ’68, a literary motion of the late Sixties that referred to as for a easy language to narrate on to actuality.
  • Zagajewski’s “Try to Praise the Mutilated World,” was translated into English by Clare Cavanaugh and printed in The New Yorker.