Daily GK Update

Daily Current Affairs – 14 March 2020

Daily Current Affairs 14 March 2020: We have collected the latest current affairs for 14 March 2020 that are important for all competitive exams like Bank, SSC, IBPS, SBI exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs. You can also read the daily current affairs on our mobile app.

Current Affairs 14 March 2020

Cabinet approves to release additional instalment of Dearness Allowance and Dearness Relief due from 01 January 2020

  • The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01 January 2020. 
  • The Modi Government has approved 4 percent increase in DA/DR over the existing rate of 17 percent of the Basic Pay/Pension, to compensate for price rise.
  • The new rate will become 21 percent of Basic Pay/Pension.
  • The increase is based on the recommendations of the 7th Central Pay Commission.

India Among Better-Performing Countries in Animal Protection Index 2020

  • The global Animal Protection Index 2020 was released by UK-based international animal welfare charity, World Animal Protection.
  • The Animal Protection Index (API) is a comprehensive assessment of 50 countries around the world to showcase where countries are doing well, and where they fall short on animal welfare policy and legislation, so they can take steps to improve.
  • The index ranks countries from A (being the highest score) to G (being the weakest score) according to their policy and legislation.
  • India has attained C ranking in the index, which shows that India is one of the better-performing countries in terms of policies and legislation for animals.
  • India shares the grade with countries like New Zealand, Mexico, France, and Spain.
  • None of the countries has scored the A grade.

Island of Niue declared world’s first ‘Dark Sky nation’

  • The island of Niue has become the world’s first whole country recognised as a ‘Dark Sky Place. 
  • The International Dark-Sky Association’s (IDA) has approved the island’s application for the protection of its sky, land and sea.
  • The title of ‘Dark Sky nation’ recognises an area with exceptional quality of starry nights and a commitment to protecting the environment.
  • Niue is home to around 1,600 inhabitants and is one of the world’s smallest independent nations.

SBI Gets approval to invest Rs 7,250 crore in Crisis Hit Yes Bank

  • India’s largest lender State Bank of India (SBI) has received the approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank.
  • SBI’s executive committee of central board (ECCB) held a meeting on March 11 and approved to purchase 725 crore shares in Yes Bank at a price of Rs 10 per share subject to all regulatory approvals
  • Also, the bank’s shareholding in Yes Bank will remain within 49 percent of the paid up capital of the private sector lender.
  • Further, it cannot reduce holding to below 26 percent before three years from the date of capital infusion.

UBS predicts India’s GDP for FY20 at 4.8% and FY21 at 5.1%

  • Swiss brokerage firm UBS has reduced the GDP rate prediction for India for FY20 and FY21. 
  • For FY20, UBS predicts India’s GDP growth at 4.8% and for FY21, the GDP growth rate for India is predicted at 5.1%.
  • The reason for cut in GDP rates are- weak credit impulse domestically and Corona Virus.

IDFC FIRST Bank Ropes in Amitabh Bachchan as its Brand Ambassador

  • Bollywood’s most iconic personality, Amitabh Bachchan, has been signed as the first ever brand ambassador of IDFC FIRST Bank.
  • IDFC FIRST Bank was founded as a new entity on December 18, 2018, by the merger of IDFC Bank and Capital First.

Lava launches World’s first ‘no internet’ payment service in India

  • Smartphone manufacturer Lava, has launched a payment app named Lava Pay which doesn’t requires an active internet connection for fund transfer.
  • Lava claims it to be the world’s first’no internet’ payment service. The app will help boost Digital India initiative of the Government as well as bringing financial inclusivity for a large population of the county.

Saurashtra defeats Bengal to win the Ranji Trophy title (Cricket)

  • Saurashtra has won the Ranji Trophy Title 2019-20 by defeating Bengal in the finals. The final match was played at Saurashtra Cricket Association Stadium.
  • Ranji Trophy is a domestic first-class cricket championship in India.
  • Saurashtra is one of the three teams from Gujarat state that participates in the tournament. The winning side was captained by Jaydev Unadkat.

International Day of Mathematics: 14 March

  • Every year, March 14 is celebrated as the International Day of Mathematics (IDM).
  • The theme for 2020 IDM is “Mathematics is Everywhere“. 
  • The day was initiated by the International Mathematical Union (IMU) to celebrate the beauty and importance of mathematics and its essential role in everyone’s life.
  • The 40th General Conference of UNESCO approved the Proclamation of March 14 as the International Day of Mathematics, on November 26, 2019.

Click Here For Daily Current Affairs

Click Here for Daily Current Affairs Quiz

Leave a Comment

Your email address will not be published. Required fields are marked *