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Daily Current Affairs – 18 March 2022

This post contains the current affairs for 18 March 2022. These current affairs are important for banking exams, insurance exams and other competitive exams like IBPS PO and Clerk, SBI PO and Clerk, RBI Assistant and Grade B, etc. You can also attempt our Current Affairs Quiz after reading our daily current affairs.

National

Defence Minister Rajnath Singh inaugurates FCS Integration complex in Bengaluru, constructed by DRDO using in-house hybrid technology, in record 45 days

Raksha Mantri Shri Rajnath Singh inaugurated a seven-storeyed Flight Control System (FCS) Integration facility in Bengaluru, Karnataka on March 17, 2022.
The facility is housed at Aeronautical Development Establishment (ADE), a laboratory of Defence Research and Development Organisation (DRDO).
FCS facility is a state-of-the-art complex constructed by DRDO in record 45 days, using in-house hybrid technology. This hybrid technology has been developed by DRDO with support of Larsen & Toubro (L&T).
The FCS facility will support Research & Development (R&D) activities for developing Avionics for Fighter Aircraft and FCS for Advanced Medium Combat Aircraft.

DCI and Cochin Shipyard joins hand to build country’s first indigenous dredger

The Dredging Corporation of India (DCI) and Cochin Shipyard Limited (CSL) have inked an agreement to build the first indigenous dredger of the country.
The agreement was signed on March 17, 2022, and the project is estimated to be completed within 34 months, at a cost of around Rs 920 crore.
The technical know-how, basic designs, dredging system components of the Project shall be provided by Holland-based Royal IHC, the market leader for designing, building and servicing high added-value dredging vessels and dredging equipment.

International

Mahatma Gandhi Green Triangle inaugurated in Madagascar

As part of the ‘Azadi ka Amrit Mahotsav’ celebration, a “Green Triangle” named after Mahatma Gandhi, was inaugurated in Antananarivo, the capital city of Madagascar, on March 16, 2022.
The Mahatma Gandhi Green Triangle was jointly inaugurated by India’s Ambassador to Madagascar Abhay Kumar and Mayor of Antananarivo, Naina Andriantsitohaina.

Banking & Economy

Moody’s lowers India’s GDP forecast for CY22 to 9.1% amid Russia-Ukraine conflict

Rating agency Moody’s has revised downwards the economic growth forecast of India by 40 basis points to 9.1 percent in the Calendar Year 2022 (CY2022), due to adverse effects of the Russia-Ukraine conflict on the global economy..
Earlier in February 2022, Moody’s estimated India’s GDP in CY2022 to 9.5 percent
Moody’s has projected India’s GDP growth forecast for the Calendar Year (CY) 2023 at 5.4 percent.

Axis Bank bags IFR Asia 2021 Asian Bank of the Year Award

India’s third-largest private sector bank, Axis Bank, has won the IFR Asia’s Asian Bank of The Year 2021.
The bank was awarded for its outstanding performance in equity and debt issuance, across all major products and segments.
Top three global IFR Asia Award for 2021
1. Bank of the year: Morgan Stanley
2. Asian Bank of The Year: Axis Bank
3. Issuer of the year: JSW Group

Ranking

Elon Musk Tops Hurun Global Rich List 2022; Ambani Ranks 9th Richest

SpaceX and Tesla founder Elon Musk has bagged the top position on the 2022 M3M Hurun Global Rich List, with total net worth of $205 billion.
The 2022 M3M Hurun Global Rich List is published by research and luxury publishing group Hurun India in association with realty firm M3M.
From India, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani was the only Indian to feature in the top 10 list of 2022 Hurun Global Rich List’ to emerge as India’s as well as Asia’s richest man. Ambani occupied the ninth rank globally with a net worth of $103 billion.

Awards

Poland’s Karolina Bielawska crowned 2021 Miss World

Karolina Bielawska from Poland has won the title of Miss World 2021 . She was crowned by 2019 Miss World Toni-Ann Singh of Jamaica.
The 70th edition of the Miss World international beauty pageant was held on March 16, 2022 in San Juan, Puerto Rico..
First Runner-up – Indian-American Shree Saini from the United States
Second Runner-up – Olivia Yace from Cote d’Ivoire
India’s representative – India was represented by Manasa Varanasi, the winner of Femina Miss India 2020. She made it to the top 13 but could not get selected in the Top 6 winners list.

Narayan Pradhan selected for 2022 GD Birla Award for Scientific Research

Professor Narayan Pradhan has been selected for the 31st GD Birla Award for Scientific Research for his outstanding contribution in the field of material sciences.
Prof. Pradhan is a member of the faculty at the School of Material Sciences, Indian Association for the Cultivation of Science, Jadavpur.

Days

Global Recycling Day 2022: 18 March

The Global Recycling Day is observed every year on 18th of March to recognise the importance of recycling as a resource, not waste.
Theme for 2022 is “recycling fraternity”.
The theme recognise the people who put themselves on the frontline to collect waste and recycling during the multiple lockdowns.
The Global Recycling Day was created in 2018 by the London-based Global Recycling Foundation to promote the concept and practice of recycling.

World Sleep Day 2022 : 18 March

The World Sleep Day is held every year on the Friday before Spring Vernal Equinox.
In 2022, the World Sleep Day falls on March 18, 2022.
The theme of 2022 is ‘Quality Sleep, Sound Mind, Happy World’.