Current Affairs - March 4, 2024 Current Affairs

Policybazaar Insurance Brokers, a subsidiary of PB Fintech, received approval from IRDAI to transition to a composite insurance broker. This allows Policybazaar to offer a combination of reinsurance, general insurance, and life insurance products, broadening its scope in the insurance market.

The Indian Navy is commissioning INS Jatayu, a new naval base, on Minicoy Island, strengthening security infrastructure in Lakshadweep. This strategic move aims to enhance maritime security, particularly in the Western Arabian Sea, aiding in anti-piracy and anti-narcotics efforts.

National Safety Day is celebrated annually on March 4th. In India, it also marks the beginning of National Safety Week, extending the focus on safety measures beyond just a day, emphasizing the significance of safety and precautionary measures across all sectors.

Suman Kumari has become the first woman sniper of the BSF after completing an eight-week sniper course at Indore's Central School of Weapons and Tactics (CSWT). She achieved the 'instructor grade' in the course, demonstrating her proficiency and dedication to her role in the BSF.

Kotak Mahindra Bank has introduced the Smart Choice Gold Loan targeting aspirational customers. This product offers competitive interest rates, zero processing fees, same-day disbursement, flexible repayment options, and minimal documentation requirements, providing convenient and flexible loan options to customers.

Russia's defence ministry recently announced the successful test fire of the Yars intercontinental ballistic nuclear missile. The Yars missile system, also known as RS-24 or SS-29, features multiple independently targetable warheads and a range of up to 10,500 km, enhancing Russia's strategic defence capabilities.

The Chapchar Kut festival, Mizoram's grandest celebration, took place across the state with traditional fervour. The festival, marked by vibrant customs and festivities, attracted thousands to the Assam Rifles Ground in Aizawl, showcasing the rich cultural heritage of Mizoram.

Sarbananda Sonowal inaugurated 'Ocean Grace', the first Made-in-India ASTDS Tug developed by Cochin Shipyard Limited, marking a milestone in the Atmanirbhar Bharat initiative under the Ministry of Ports, Shipping, and Waterways (MoPSW). This initiative underscores India's strides towards self-reliance in maritime technology and infrastructure, promoting indigenous manufacturing capabilities.

World Hearing Day is observed annually on March 3rd to raise awareness about the importance of hearing health and the prevention of deafness. The theme for 2024, "Changing mindsets: Let’s make ear and hearing care a reality for all," emphasizes the need to address societal misconceptions and promote ear and hearing care worldwide.

Flipkart has partnered with Axis Bank to introduce its UPI services, Flipkart UPI. This collaboration aims to offer seamless payment options directly integrated into the Flipkart platform, contributing to the digital transformation in India's payments landscape.

The new species of Amazon Anaconda, named Eunectes Akiyama, was discovered in Ecuador’s rainforest. Researchers uncovered this distinct species, Eunectes Akiyama, which split from its closest relatives 10 million years ago, showcasing significant genetic divergence despite visual similarities to the previously known species.

The Indian Navy is set to commission the MH 60R Seahawk helicopter at INS Garuda, Kochi. This milestone marks a crucial step in India's defence modernization efforts, enhancing maritime capabilities. The Seahawks squadron, designated as INAS 334, signifies a significant advancement in naval aviation, strengthening India's defence posture.

Telangana Chief Minister A Revanth Reddy announced the commencement of the Indiramma Housing Scheme. Starting from March 11, the scheme aims to provide housing solutions to economically disadvantaged segments. Notably, individuals owning land will receive Rs. 5 lakh for construction, while homeless individuals will be provided Rs. 5 lakh along with a house plot for construction.

The groundbreaking archaeological discovery of a Neolithic child burial site was made in Chettimedu Pathur village, Tamil Nadu, approximately 77 kilometres from Chennai. This discovery, led by researchers from the University of Madras, sheds light on ancient burial rites and cultural practices in the region.

Bharat Petroleum Corporation Limited (BPCL) has partnered with Olympic and World Javelin Champion Neeraj Chopra to endorse their Premium Petrol 'Speed'. This collaboration aims to leverage Neeraj Chopra's stature and influence to promote the high-performance qualities of the petrol variant, enhancing brand visibility and consumer trust in BPCL's products.