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Daily Current Affairs 7 March 2024, Important News Headlines (Daily GK Update)

Read the most important current affairs of 07 March 2024. Today Current Affairs covers the headlines on ‘NITI For States’ Platform, Kotak G.A.I.N Product, SpaceX MethaneSAT Satellite.

Top 25 Current Affairs and News Headlines of 07 March 2024

National News

1.PM Modi Virtually Launches Agra Metro

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  • Uttar Pradesh Chief Minister Yogi Adityanath on March 6 took the priority corridor of the Agra Metro, for an inaugural ride after Prime Minister Narendra Modi virtually flagged off the project earlier in the day.
  • The 6 km long priority corridor connects the iconic Taj Mahal’s eastern gate to the Mankameshwar Temple station, providing a vital transportation link for tourists and commuters alike.

2.Piyush Goyal launches ‘e-Kisan Upaj Nidhi’ to ease farmers’ warehousing logistics

Piyush Goyal launches 'e-Kisan Upaj Nidhi' to ease farmers' warehousing logistics_60.1

  • Shri Piyush Goyal, launched the ‘e-Kisan Upaj Nidhi’ (Digital Gateway) of the Warehousing Development and Regulatory Authority (WDRA) in New Delhi.
  • This initiative is poised to become a cornerstone in India’s journey to becoming a developed nation, ‘Viksit Bharat’, by 2047, with agriculture as its foundational pillar.
  • By providing a no collateral, extra security deposit policy, ‘e-Kisan Upaj Nidhi’ aims to prevent distress sales, where farmers are compelled to sell their harvest at lower prices due to inadequate post-harvest storage facilities.

3.Union Minister Ashwini Vaishnaw to Launch ‘NITI For States’ Platform

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  • In a significant development, Union Minister Ashwini Vaishnaw will inaugurate the ‘NITI For States’ platform by NITI Aayog in New Delhi.
  • This platform, serving as a Digital Public Infrastructure (DPI), is designed to bolster policy formulation and promote good governance across states.
  • It covers 10 sectors including agriculture, education, energy, health, livelihoods and skilling, manufacturing, MSME, tourism, urban, water resources & WASH, alongside themes of gender and climate change.

International News

4.India And South Korea To Boost Cooperation In New Tech And Semiconductors

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  • India aims to enhance its partnership with South Korea by expanding cooperation into critical areas, External Affairs Minister S Jaishankar announced during the 10th India-South Korea Joint Commission Meeting in Seoul.
  • Co-chairing the meeting with Cho Tae-yul, Jaishankar highlighted the comprehensive and productive discussions held on various aspects, including defence, science and technology, trade, and people-to-people exchanges.
  • Both sides discussed advancing trilateral cooperation. Views exchanged on Indo-Pacific developments, challenges, and regional/global issues of mutual interest.

State News

5.Jharkhand’s Groundbreaking Remarriage Incentive Scheme

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  • Jharkhand Chief Minister Champai Soren has launched a pioneering initiative, the ‘Vidhwa Punarvivah Protsahan Yojana’ (Widow Remarriage Incentive Scheme).
  • This scheme, a first in India, aims to support and encourage widows to embark on a new journey of companionship by providing a financial incentive of Rs 2 lakh to those who choose to remarry.
  • In addition to the remarriage scheme, the Chief Minister announced an increase in the honorarium for Anganwadi workers to Rs 9,500 and for helpers to Rs 4,750 per month.

6.Uttar Pradesh Government Announces Electricity Bill Waiver for Farmers

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  • Uttar Pradesh government, led by Chief Minister Yogi Adityanath, has announced a complete waiver of electricity bills for private tube wells owned by farmers, effective from April 1, 2023.
  • This decision, announced, aims to alleviate the financial burden on the state’s farmers, enhancing their agricultural productivity and overall well-being.
  • To facilitate the implementation of this significant policy, the Uttar Pradesh government has earmarked a substantial sum of ₹1,800 crore in the 2024-2025 budget.

7.Kerala to launch India’s first government-backed OTT platform

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  • Kerala, renowned for its cultural richness and cinematic brilliance, is set to make history in the digital entertainment landscape with the launch of CSpace, India’s maiden government-backed Over-The-Top (OTT) platform.
  • The much-anticipated unveiling ceremony will take place at Kairali Theatre on Thursday, March 7, at 9:30 am, with Chief Minister Pinarayi Vijayan spearheading the event.
  • CSpace not only provides a platform for established artists but also nurtures emerging talent, fostering a vibrant ecosystem of creativity and innovation.

Defence News

8.INS Jatayu Commissioned By Indian Navy At Lakshadweep

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  • The Indian Navy took a significant stride in fortifying its operational prowess with the commissioning of its new base, INS Jatayu, at Minicoy island of Lakshadweep.
  • This strategic move aims to enhance the Navy’s capabilities and reach in the vital Indian Ocean region, reinforcing its efforts in anti-piracy and anti-narcotics operations in the Western Arabian Sea.
  • Inspired by the valorous character from the epic Ramayana, Jatayu, the base was named to honor the spirit of selfless service and unwavering dedication.

Economy News

9.India’s Unemployment Rate Drops to 3.1% in 2023

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  • In 2023, India witnessed a significant decline in its unemployment rate, reaching 3.1%, marking the lowest figure in the past three years.
  • This notable drop is attributed to several factors, including the recovery from the COVID-19 pandemic and increased economic activity following the relaxation of lockdown measures.
  • Unemployment rate among females declined to 3%, while for males it dropped to 3.2%. Urban unemployment rate decreased to 5.2%, rural rate dropped to 2.4%.

10.Crisil predicts India’s economy to expand by 6.8% in FY25

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  • Crisil Ratings predicts India’s economy to expand by 6.8% in FY25, with significant growth potential driven by domestic reforms and cyclical factors.
  • By 2031, India aims to double its economy to $7 trillion and achieve upper-middle-income status. India’s GDP growth expected to moderate to 6.8% in FY25 from the current fiscal year’s 7.6%.
  • Structural reforms and cyclical levers to support continued growth, potentially positioning India as the third-largest economy by 2031.

Banking News

11.Kotak Life Introduces Non-Linked Par Product Kotak G.A.I.N

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  • Private sector life insurer Kotak Life Insurance has launched Kotak G.A.I.N. This non-linked participating product is designed to cater to individuals seeking long-term savings or a steady income stream.
  • With its unique features and flexibility, Kotak G.A.I.N aims to address the diverse financial needs of customers while ensuring robust protection for their loved ones.
  • To avail of the policy, the policyholder must be a minimum of 90 days old at the time of issuance. The policy matures between the ages of 40 to 85 years, providing flexibility and long-term financial planning options.

Business News

12.Accenture Acquiring Udacity and Launching LearnVantage Platform

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  • Accenture, a global leader in technology consulting and services, has unveiled a strategic initiative aimed at enhancing upskilling opportunities for its clients
  • This involves a significant investment of $1 billion over three years and includes the acquisition of California-based edtech platform, Udacity.
  • Accenture introduces LearnVantage, a cutting-edge technology learning and training service for its clients. LearnVantage aims to cater to the growing demand for upskilling in technology, data, and artificial intelligence (AI).

13.Goa Airline Fly91 Receives Air Operator Certificate (AOC) From DGCA

Goa Airline Fly91 Receives Air Operator Certificate (AOC) From DGCA_60.1

  • Fly91, a regional airline headquartered in Goa, has reached a significant milestone in its journey with the issuance of its Air Operator Certificate (AOC) by the Directorate General of Civil Aviation under the Ministry of Civil Aviation.
  • The AOC issuance signals the completion of all regulatory and compliance requirements mandated by the DGCA, paving the way for Fly91 to commence its commercial operations.
  • AOC is an authorization that is a must for an operator to carry out specified commercial air transport operations.

14.BHEL Secures Order From NTPC For 1,600 MW Singrauli Thermal Power Project

BHEL Secures Order From NTPC For 1,600 MW Singrauli Thermal Power Project_60.1

  • State-owned Bharat Heavy Electricals Ltd (BHEL) has clinched a significant order from power giant NTPC to establish a 1,600 MW Singrauli thermal power project (Stage-II).
  • BHEL to construct Singrauli Super Thermal Power Project, Stage-III, with two 800 MW units in Sonebhadra District, Uttar Pradesh.
  • The contract is worth Rs 9,500 crore. Order scope encompasses equipment supply, erection, commissioning, and civil works, showcasing BHEL’s robust capabilities in power infrastructure.

15.Government to Divest 7% Stake in NLC India: Key Details

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  • The government of India has announced plans to sell up to 7% of its stake in NLC India, formerly known as Neyveli Lignite Corp, through an Offer for Sale (OFS).
  • This move aims to raise between Rs 2,000 crore and Rs 2,100 crore, contributing to the government’s disinvestment goals.
  • The offering involves a base offer of over 6.9 crore shares, representing 5% of NLC India’s equity, at a floor price of Rs 212 per share. An additional 2% stake, equivalent to 2.77 crore shares, may be divested through a greenshoe option.

16.Airbus Collaborates with IIM Mumbai to Elevate Aviation Training Standards

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  • Airbus, a prominent name in the aviation industry, has announced a significant partnership with the esteemed Indian Institute of Management Mumbai (IIM Mumbai) to deliver high-quality aviation training to professionals.
  • The initiative, known as Airbus Beyond, is dedicated to preparing professionals to tackle the evolving challenges of the aerospace industry.
  • It aims to equip participants with comprehensive skills essential for success in various domains within the aviation sector.

Important Days News

17.International Women’s Day 2024

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  • International Women’s Day (IWD) is an annual global event celebrated on March 8th each year. It serves as a focal point for recognizing the social, economic, cultural, and political achievements of women worldwide.
  • International Women’s Day 2024 falls on March 8th, marking a global celebration of women’s achievements and a call to action for gender equality.
  • The United Nations has chosen the theme ‘Invest in Women: Accelerate Progress’ for International Women’s Day 2024.

Summits & Conferences News

18.The First Bharat Steam Boiler Expo 2024 in Guwahati

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  • The inaugural Bharat Steam Boiler Expo 2024 has officially commenced in Guwahati, Assam, marking a significant milestone in India’s industrial journey.
  • Launched with the objective of enhancing the growth and efficiency of sectors reliant on steam boilers, this three-day event has been inaugurated by Sanjay Kishan, the state’s Labour and Employment Minister.
  • This pioneering expo is the result of a collaborative effort among industry stalwarts including Indian Oil Corporation (IOC), Oil India Ltd (OIL), Numaligarh Refinery Ltd (NRL), Brahmaputra Cracker and Polymer Ltd (BCPL), Assam Petro Chemicals Ltd, and NTPC Ltd.

Agreements News

19.CSIR-IIP Partners With UCOST To Implement Pine Needle Fuel Tech In Champawat

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  • Under the directions and guidance of Hon’ble Chief Minister Shri Pushkar Singh Dhami, a significant Memorandum of Understanding (MoU) was signed on Tuesday, 5th March.
  • This pivotal agreement took place between CSIR Indian Institute of Petroleum, Dehradun, and UCOST under the aegis of the “Adarsh Champawat” mission.
  • The MoU signifies a collaborative effort to address environmental challenges and promote sustainable development in the region.

20.Karnataka and World Economic Forum Join Forces to Establish AI Centre

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  • Karnataka state government, in a strategic alliance with the World Economic Forum (WEF), has announced the establishment of a cutting-edge AI centre in the state.
  • This collaboration formalized through a Letter of Intent signed on February 29, aims to position Karnataka as a global hub for artificial intelligence, marking a significant step in integrating the state into the global digital and technological landscape.

21.Atal Innovation Mission, NITI and Meta Collaborate to Establish Frontier Technology Labs in Schools

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  • Atal Innovation Mission (AIM) under NITI Aayog and Meta have joined forces to establish Frontier Technology Labs (FTLs) in strategically important schools. This collaboration aims to democratize access to future technologies and foster innovation among students.
  • FTLs, advanced versions of Atal Tinkering Labs, will be equipped with cutting-edge infrastructure, including components for Artificial Intelligence, Augmented & Virtual Reality, Blockchain, Cybersecurity, Robotics, 3D Printing, and Internet of Things.

22.NPCI and IISc Partner for Deep Tech Research

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  • National Payments Corporation of India (NPCI) has forged a strategic partnership with the Indian Institute of Science (IISc), Bangalore, to conduct joint research on Blockchain and Artificial Intelligence (AI) technology.
  • This collaboration aims to establish the “NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development” to drive innovation in the fintech sector.

Awards News

23.Yatin Bhaskar Duggal Wins First Prize in National Youth Parliament Festival 2024

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  • Yatin Bhaskar Duggal, a promising talent from Haryana, has emerged triumphant as the winner of the esteemed National Youth Parliament Festival, 2024.
  • Following closely behind, Vaishna Pitchai from Tamil Nadu secured the second prize. Kanishka Sharma, representing Rajasthan, was honored with the third prize, underscoring the widespread presence of talent and hard work throughout the nation.

Sports News

24.Khelo India Medal Winners Now Eligible for Government Jobs

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  • Department of Personnel and Training (DoPT), in collaboration with the Department of Sports, has introduced significant reforms in the recruitment, promotion, and incentive mechanisms for athletes.
  • This initiative underscores the government’s commitment to nurturing sporting talent and turning sports into a lucrative career option.
  • Union Minister for Youth Affairs and Sports, Shri Anurag Singh Thakur, has announced that medal winners at the Khelo India Games—spanning Youth, University, Para, and Winter categories—are now eligible for government jobs.

Science & Technology News

25.SpaceX Sends MethaneSAT Satellite Into Orbit To Track Methane Gas

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  • MethaneSAT, a groundbreaking initiative spearheaded by the Environmental Defense Fund (EDF), heralds a new era in environmental monitoring.
  • Designed to address the elusive yet critical issue of methane emissions, MethaneSAT promises to revolutionize how policymakers and industries tackle greenhouse gas pollution.
  • With its advanced technology and global reach, MethaneSAT aims to independently verify industry reports and pinpoint methane hotspots, thereby empowering stakeholders to take decisive action.


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Daily Current Affairs 7 March 2024, Important News Headlines (Daily GK Update) |_28.1


Which individual from Haryana has emerged triumphant as the winner of the esteemed National Youth Parliament Festival, 2024?

Yatin Bhaskar Duggal.