Daily Current Affairs Quiz 13th March 2024

The rbi and bank of indonesia bi have signed a memorandum of understanding for establishing a framework for the use of local currencies of both countries such as the indian rupee inr and the indonesian rupiah idr for cross border transactions

” On march 5, 2024, the world bank (wb), the bill & melinda gates foundation and the united nations children’s fund (unicef) pledged nearly usd 600 million towards eliminating cervical cancer. this funding includes usd 400 million over three years by wb, usd 180 million from the bill & melinda gates foundation, and usd 10 million from unicef. this commitment was made during the first-ever ‘global cervical cancer elimination forum: advancing the call to action’ held in cartagena, colombia from march 5-7, 2024.”

” The ministry of corporate affairs (moca) notified that the provisions of sections 20, 35 & 40 of the competition (amendment) act, 2023 will come into force with effect from 6th march 2024. the notification was issued in exercise of the powers conferred by sub-section (2) of section 1 of the competition (amendment) act, 2023 (9 of 2023).i. the amendments allows the competition commission of india (cci) to impose a penalty on the global turnover of a company for engaging in activities that distort competition. this global turnover includes turnover from all products and services, not just from the product being investigated.ii. the cci can impose a penalty of up to 30% on the global turnover of companies involved in anti-competitive practices.”

” Reliance Consumer Products Limited (rcpl) has partnered with sri lanka-based elephant house to manufacture, market, distribute and sell beverages under the elephant house brand across india.i. through the collaboration, rcpl will strengthen their beverage portfolio, which already includes brands like campa, sosyo, and raskik.ii. the collaboration also offers indian consumers great choices and value propositions through quality products.”

” Prime minister (pm) narendra modi visited jharkhand, west bengal and bihar from 1st to 2nd march 2024. pm narendra modi laid the foundation stone and dedicated to the nation various development projects worth rs 35,700 crore in sindri, dhanbad district in jharkhand. pm modi dedicated to the nation and laid the foundation stone for various development projects worth rs 7200 crore in the arambagh area of hooghly district, west bengal.  pm narendra modi inaugurated development projects worth rs 21,400 crore in aurangabad district, bihar. click here to read more”

” Mumbai (maharashtra) based future generali india life insurance company limited (fgili) has appointed alok rungta as the managing director (md) and chief executive officer (ceo) with effect from 01st april 2024.i. alok rungta will take charge from bruce de broize, who has been serving as the md and ceo since 2022.”

Riken yamamoto from japan is the 53rd laureate of the pritzker architecture prize and the 9th japanese architect to win the prize the award includes a cash prize of usd 100000 and a bronze medallion

” Prime minister(pm) narendra modi inaugurated bharat tex 2024, the world’s biggest textile event held from 26th to 29th february 2024 at the bharat mandapam, pragati maidan, new delhi, delhi. organisers: bharat tex 2024 was organised by a consortium of 11 textile export promotion councils and supported by the ministry of textiles.i. indian institute of management (iim), jammu, jammu and kashmir(j&k) signed a mou with the national institute of fashion technology (nift ) srinagar, j&k to foster entrepreneurship and innovation in j&k.ii. textiles committee, under the ministry of textiles, government e-marketplace (gem), ministry of commerce and industry(moci), and standing conference of public enterprises (scope), department of public enterprises, ministry of finance, have signed a tripartite memorandum of understanding (mou) to promote the upcycled products made from textiles waste and scrap. click here to read more”

” Eminent Indian Writer and Padma Shri Awardee Amitav Ghosh was awarded the Erasmus Prize 2024 by the Netherlands’ Praemium Erasmianum Foundation for his writings on the planetary crisis and climate change.He was honoured for his contribution to the theme of the Erasmus Prize 2024 “imagining the unthinkable”.i. He was the first English-language writer to be honoured with the Jnanpith Award, India’s highest literary award, in 2018.ii. He also got Padma Shri in 2007 in the field of ‘literature and education’.”

Indian-Canadian billionaire Prem Watsa-backed Fairfax India Holdings Corporation committed to provide up to USD 200 million liquidity support to IIFL Finance Limited.i. The move is the aftermath of the Reserve Bank of India (RBI)’s ban on IIFL Finance in sanctioning or disbursing gold loans.ii. Fairfax India is one of the long-term investors in the IIFL group of companies and it owns a 15% stake in IIFL Finance.