06 March 2024 Current Affairs in English

06 March 2024 Current Affairs

06 March 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 06 March 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 6 March 2024 Current Affairs lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

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6th March Daily Current Affairs 2024

06 March 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 6 March 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

PM Modi inaugurates India’s first underwater metro in Kolkata

Prime Minister Narendra Modi inaugurated India’s first under-river metro tunnel in Kolkata. The metro tunnel has been built under Kolkata’s Hooghly River that will connect Howrah Maidan to Esplanade. The 4.8 km stretch between Howrah Maidan and Esplanade is the second section of the East-West Metro corridor between Howrah Maidan and the IT hub Salt Lake Sector V.

RBI bars JM Financial from financing against debentures and shares

The Reserve Bank of India prohibited JM Financial Products from financing against shares and debentures, including sanctioning and disbursing loans against initial public offerings of shares and subscriptions to debentures. The RBI cited serious governance concerns as the reason for this action. The RBI will institute a special audit and review the restrictions.

Bloomberg to add Indian bonds to emerging market indices in January 2025

Bloomberg announced including Indian government securities called “Fully Accessible Route (FAR) bonds” in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices. This will be done over 10 months, starting January 31, 2025, instead of September 2024.

This is the second major global index that will include Indian bonds. JP Morgan had announced index inclusion on June 28, 2024. The FAR introduced by RBI wherein certain specified categories of Central Government securities are opened fully for non-resident investors without any restrictions, apart from being available to domestic investors as well.

PM Modi witnesses commencement of Core Loading at India’s first indigenous Prototype Fast Breeder Reactor at Kalpakkam

In a historic milestone marking entry into the vital second stage of India’s three-stage nuclear program, PM witnessed, the commencement of “Core Loading” at India’s first indigenous Prototype Fast Breeder Reactor (500 MWe) at Kalpakkam, Tamil Nadu. Once commissioned, India will only be the second country after Russia to have a commercially operating Fast Breeder Reactor.

The PFBR reactor core consists of control sub-assemblies, blanket subassemblies, and fuel sub-assemblies. With minimized nuclear waste generated from the reactor and advanced safety features, FBRs will provide a safe, efficient, and clean source of energy and contribute to the goal of net zero.

In India’s three stages of the Nuclear power program, BHAVINI paves the way as a forerunner in the second stage by building a 500 MWe PFBR. It is entrusted with a mandate to construct, commission, and operate the Fast Breeder Reactors to provide energy security for the nation in the long run.

RBI allows customers to choose card networks at issuance

The Reserve Bank of India has directed banks and credit card companies like American Express, Diners Club, MasterCard, Rupay, and Visa not to enter into any exclusive agreement to issue credit cards. In a notification, the central bank has directed banks to provide an option to their customers to choose from multiple card networks at the time of issue and renewal of cards.

The notification follows a draft circular issued in July last year which asked banks to issue cards from more than one network provider giving an option to customers to choose. All banks and payment networks have to adhere to the new norms whenever they are issuing new cards or renewing existing cards. The new RBI directions are applicable from September this year.

The directions are however not applicable to credit card issuers with several active cards at 10 lakh or less.

Also, card issuers who issue credit cards on their authorized card network are excluded from the applicability of the circular.

France becomes the world’s first country to enshrine abortion in the constitution

France has become the first country in the world to explicitly include the right to abortion in its constitution. Parliamentarians voted to revise the country’s 1958 constitution to enshrine women’s “guaranteed freedom” to abort. Abortion has been legal in France since 1975, but polls show around 85% of the public supported amending the constitution.

REC Limited joins hands with UNISED to support the Education of Children

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Finance Company has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children of Siddharthnagar district, Uttar Pradesh. REC has entered into this partnership through its CRS.

RBI Governor gives nod to NPCI to create an interoperable system for Internet banking

The Reserve Bank of India (RBI), for quicker settlement of funds for merchants, has asked NPCI Bharat BillPay Ltd. (NBBL) to implement an interoperable system for Internet Banking which should be introduced during the current calendar year. This measure will further boost user confidence in Digital Payments.

Interoperability is the basic ability of multiple digital systems, applications, and databases to connect and communicate with each other. Payment platforms leverage financial technology to connect and share data among ecosystem partners like banks, payment gateways, payment processors, merchants, and consumers.

Infibeam Avenues gets RBI’s authorization to pay aggregator license

India’s first listed AI-powered fintech company, Infibeam Avenues, received the final authorization from RBI to operate as a payment aggregator for its payment gateway brand, CCAvenue. The RBI had in March 2020 introduced the PA framework, which necessitates payment gateways to secure an aggregator licence for acquiring merchants and delivering digital payment solutions.

Keyi Panyor becomes the 26th district of Arunachal Pradesh

Carved out of Lower Subansiri, Keyi Panyor became the 26th district of Arunachal Pradesh. The new district, which has been demanded by the people of the Nyishi community for long, will have its headquarters at Ter Gapin-Sam Sarth.

On February 8, the state assembly passed the Arunachal Pradesh (Re-Organization of Districts) (Amendment) Bill, 2024, paving the way for the creation of two new districts — Keyi Panyor and Bichom.

Ministers approve WTO membership of Comoros and Timor-Leste at MC13

Ministers formally approved the WTO membership terms of Comoros and Timor-Leste at a special ceremony held at the 13th WTO Ministerial Conference in Abu Dhabi on 26 February 2024. Comoros and Timor-Leste will bring the total number of WTO members to 166. In keeping with WTO rules, they will become members of the WTO 30 days following the deposit of instruments of the protocol.

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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