Current Affairs - March 7, 2024 Current Affairs

Yatin Bhaskar Duggal, representing Haryana, secured the top position in the National Youth Parliament Festival 2024. His remarkable performance earned him the first prize, showcasing his excellence and talent on a national platform.

Airbus has partnered with the esteemed Indian Institute of Management Mumbai (IIM Mumbai) to enhance aviation training standards. This collaboration, known as the Airbus Beyond programme, aims to equip professionals with industry-relevant skills to address challenges in the aerospace sector effectively.

Crisil Ratings forecasts India's GDP to expand by 6.8% in FY25, indicating a slight moderation from the current fiscal year's growth rate. This projection underscores the significance of structural reforms and cyclical factors in driving India's economic trajectory.

FLY91, a regional airline headquartered in Goa, has obtained its Air Operator Certificate (AOC) from both the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation. This certificate signifies compliance with regulatory standards and enables the airline to commence commercial operations.

Atal Innovation Mission (AIM) partnered with Meta to introduce Frontier Technology Labs (FTLs) in schools, aiming to provide students with access to cutting-edge technologies and foster innovation. This collaboration underscores Meta's commitment to promoting digital skilling and technological literacy among students.

Kotak Life Insurance launched the non-linked participating product Kotak G.A.I.N, aiming to cater to individuals' long-term savings or income needs. This product offers flexibility and customization options, ensuring that customers can tailor their investment strategy according to their financial goals.

SpaceX launched the MethaneSAT satellite into orbit as part of an initiative led by the Environmental Defense Fund (EDF). This satellite aims to monitor methane emissions globally, highlighting SpaceX's role in advancing environmental monitoring technologies.

Accenture, a global leader in technology consulting and services, has acquired Udacity and launched the LearnVantage platform as part of a strategic initiative aimed at enhancing upskilling opportunities. This acquisition underscores Accenture's commitment to providing cutting-edge training in tech, data, and AI skills.

The World Economic Forum (WEF) partnered with the Karnataka state government to establish a cutting-edge AI centre in Karnataka. This initiative aims to position Karnataka as a global hub for artificial intelligence and foster innovation in the region.

Razorpay introduced India's first UPI-Led QR stack for enterprises at the FTX'24 event. This innovation includes a card tap contactless payments device, offering both QR-based and contactless tap card payments on a single device. It aims to drive digital payment adoption in larger retail spaces.

India aims to expand its collaboration with South Korea in areas such as technology and semiconductors, as discussed during the bilateral meeting between the two countries. This partnership underscores the importance of fostering cooperation in critical sectors to drive mutual growth and innovation.

NPCI has entered into a strategic partnership with the Indian Institute of Science (IISc), Bangalore, to conduct collaborative research on Blockchain and Artificial Intelligence (AI) technology. This collaboration aims to establish a centre of excellence to drive innovation in the fintech sector.

The Indian government aims to divest a 7% stake in NLC India through an Offer for Sale (OFS) route, intending to raise approximately Rs 2,100 crore. This move aligns with the government's disinvestment strategy to mobilize funds and meet fiscal targets.

In 2023, India witnessed a notable decrease in unemployment, with the rate plummeting to 3.1%, the lowest level recorded in three years. This decline reflects positive economic momentum and increased employment opportunities across the nation, marking a significant improvement from previous years.

International Women's Day 2024 is observed on March 8th, globally honouring women's achievements and advocating for gender equality. The theme for this year, 'Invest in Women: Accelerate Progress,' highlights the crucial role of economic empowerment in advancing gender equality and fostering inclusive growth.