Current Affairs - March 5, 2024 Current Affairs

India's first indigenous Prototype Fast Breeder Reactor (PFBR) is situated in Kalpakkam, Tamil Nadu. The recent "Core Loading" event at this reactor marked a significant step in India's nuclear energy sector, signifying the near completion of the PFBR project, a landmark achievement in India's pursuit of clean and efficient energy sources.

Astronomers associated with the International Astronomical Union have recently identified "three new moons" in the outer regions of our solar system. This discovery adds to the existing count of moons, bringing the total to 28 for Uranus and 16 for Neptune.

The Geological Survey of India (GSI) marked its 174th Foundation Day on March 4th, 2024. This organization, responsible for geological mapping and exploration in India, celebrated the occasion nationwide, reflecting its historical significance and contributions to the country's understanding of its geological resources.

Cuttack Rupa Tarakasi, more commonly known as Silver Filigree, has been granted the Geographical Indication (GI) tag by the Geographical Indications Registry in Chennai. This recognition highlights Cuttack's unique craftsmanship and artistry in producing Silver Filigree, distinguishing it as a protected form of art.

The Reserve Bank of India sanctioned the merger of Fincare Small Finance Bank with AU Small Finance Bank under "Section 44A" of the Banking Regulation Act, 1949. This section empowers the RBI to approve the amalgamation or merger of banks, ensuring compliance with regulatory standards and safeguarding the interests of stakeholders in the banking sector.

Dissociative Identity Disorder Awareness Day is observed annually on "March 5th." This day serves to raise awareness about Dissociative Identity Disorder (DID), previously known as Multiple Personality Disorder, and the challenges faced by individuals affected by this complex mental health condition.

India's inaugural Green Hydrogen Plant in the Stainless Steel Sector was virtually inaugurated at "Jindal Stainless Limited, Hisar" by Union Minister for Steel and Civil Aviation, Sh. Jyotiraditya M. Scindia, on March 4, 2024.

The "MYUVA Scheme" in Uttar Pradesh, spearheaded by CM Yogi Adityanath, specifically targets "Young Entrepreneurs." It provides interest-free loans up to Rs 5 lakh annually to nurture their business ventures. This initiative aims to empower educated and skilled youth, offering opportunities for self-employment and fostering economic growth in the state.

The platform introduced by the Department of Telecommunications to report fraud calls and texts is called "Chakshu." Integrated into the Sanchar Saathi portal, Chakshu aims to empower individuals to report suspected fraudulent activities, fostering collaboration and promoting shanti (peace) in the community by combating cybercrime and financial fraud.

At DefConnect 2024, Rajnath Singh launched the Acing Development of Innovative Technologies with iDEX (ADITI) scheme, aiming to promote innovation in critical and strategic defence technologies. This scheme offers grants up to Rs 25 crore for research and development in defence technology.

Moody's has upgraded India's GDP growth forecast for 2024 to "6.8%". This revision is attributed to India's status as the fastest-growing economy among G20 nations, stable inflation rates, and policy continuity, all of which contribute to its positive economic outlook.

The International Day for Disarmament and Non-Proliferation Awareness, established by a UNGA resolution on December 7, 2022, was first observed on March 5, 2023. This day aims to raise public awareness, especially among youth, regarding the significance of disarmament efforts globally.

The Reserve Bank of India (RBI) has imposed an immediate ban on IIFL Finance from giving gold loans due to supervisory concerns, including deviations in gold assessment and breaches in loan-to-value (LTV) ratios, as well as exceeding cash transaction limits.

The All India Research Scholars’ Summit (AIRSS) 2024 is being hosted by "IIT Madras" from March 4 to March 7, 2024. This event, organized by the Research Affairs Council of IIT Madras, brings together researchers from diverse disciplines across India to showcase and explore recent advancements in various research domains.

The primary aim of the BIMSTEC Faculties Exchange Programme in Dhaka is to "Boost Mutual Cooperation" among the member countries' Foreign Service training institutions by facilitating dialogue and collaboration among diplomats.