top of page

Important Current Affairs for CLAT-3rd March 2023

World Wildlife Day 2023 celebrates on 3rd March

World Wildlife Day 2023: Every 3rd of March, wildlife is celebrated all over the world for the UN World Wildlife Day.

World Wildlife Day 2023

Every 3rd of March, wildlife is celebrated all over the world for the UN World Wildlife Day. This date was chosen as it is the birthday of CITES, the Convention on International Trade in Endangered Species of Wild Fauna and Flora, signed in 1973. This global event is marked annually to celebrate and promote awareness of the planet’s wild fauna and flora. The date also marks the adoption of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1973. CITES aims to prevent international trade from threatening species’ survival.

50th Anniversary of CITES

This World Wildlife Day 2023 falls on the 50th Anniversary of CITES coming into being. Since its inception, CITES has stood at the junction of trade and conservation. It has sought to build partnerships and reconcile differences between the groups that are guided and governed by its regulations.

World Wildlife Day 2023: Theme

World Wildlife Day will be celebrated in 2023 under the theme “Partnerships for wildlife conservation”, honoring the people who are making a difference.

Important days in March 2023: India and International List

World Wildlife Day 2023: Significance

The day is marked to celebrate and raises awareness of the world’s diverse wild fauna and flora. This day is an opportunity to highlight the importance of wildlife and their habitats. It is also a day of global significance to promote the need for their protection and conservation. Each year, the United Nations carefully select a theme to draw attention to specific challenges faced by wildlife populations and ecosystems.

The day holds significance as it coincides with the adoption of CITES, an international agreement that aims to prevent the trade of endangered species from threatening their survival. World Wildlife Day is a reminder that the conservation of biodiversity is crucial for the survival of all species, including humans.

World Wildlife Day: History

In 1973, the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) was adopted. Its aim was to ensure that international trade does not threaten the survival of wild fauna and flora species.

On March 16, 2013, the 16th meeting of the Conference of the Parties to CITES (CoP16) was held in Bangkok. It was during this meeting that the Kingdom of Thailand sponsored a resolution. This resolution designates March 3 as World Wildlife Day.

On December 20, 2013, the Sixty-eighth session of the United Nations General Assembly officially proclaimed March 3 as World Wildlife Day. It was to be marked to celebrate and raise awareness of the planet’s wild fauna and flora. This date coincides with the day CITES was adopted in 1973.

The Secretariat of CITES, along with other relevant United Nations organizations, is responsible for facilitating the implementation of World Wildlife Day.

CITES, with 183 member states, remains one of the world’s most powerful tools for biodiversity conservation by regulating the trade in wild fauna and flora.

SpaceX launches NASA Crew-6 mission

SpaceX launched NASA's Crew-6 mission to the International Space Station from Florida as Elon Musk’s company begins the final of the original six missions it was awarded by NASA.

SpaceX launched NASA’s Crew-6 mission to orbit en route to the International Space Station, with a Russian cosmonaut and United Arab Emirates astronaut joining two NASA crewmates for the flight.

The SpaceX launch vehicle, consisting of a Falcon 9 rocket topped with an autonomously operated Crew Dragon capsule called Endeavour, lifted off at 12:34 a.m. EST (0534 GMT) from NASA’s Kennedy Space Center in Cape Canaveral, Florida.

About Crew-6 mission:

The mission is launching 2 US astronauts, one Russian Cosmonaut, and a UAE astronaut. This is Crew Dragon’s fourth flight.

Previous flights of Crew Dragon were as follows:

Demo-2 Crew Test flight

Crew-2 flight in 2021

Private Axiom Mission-1

The landing site of the mission is the Atlantic Ocean. It is a part of the Commercial Crew Program of NASA. The program provides crew transportation services, that is, carrying cargo and astronauts from and to ISS.

Significance of Crew Dragon :

It is a reusable spacecraft. It supplies cargo to the International Space Station. Earlier, the crew dragon was called the Dragon rider.

Need of Crew-6 Launch:

The Crew-6 launch comes after Russia is preparing to send Soyuz MS-23 to replace Soyuz MS-22. Due to a coolant leak in Soyuz MS-22, the astronauts were stranded in space.

Adani-Hindenburg row: Supreme Court forms experts committee to look into Hindenburg report on Adani Group; Head AM Sapre

The Supreme Court ordered an experts committee to be set up, headed by a retired Supreme Court judge, AM Sapre, after a batch of PILs was filed on the recent Adani Group shares crash.

The Supreme Court ordered an experts committee to be set up, headed by a retired Supreme Court judge, AM Sapre, after a batch of PILs was filed on the recent Adani Group shares crash triggered by the US-based short-seller Hindenburg Research’s allegations of fraud. Meanwhile, the Supreme Court also told the Securities and Exchange Board of India (SEBI) to finish the probe into the Adani Group-Hindenburg saga within a period of two months.

Members of This Committee:

The Supreme Court bench, led by Chief Justice of India DY Chandrachud, has appointed six members as part of the expert committee. It includes OP Bhatt, Justice JP Devadhar, KV Kamath, Nandan Nilekani and Somasekhar Sundaresan, and will be headed by Former Supreme Court judge Justice AM Sapre.

The committee, comprising bankers, judges, a lawyer and a tech stalwart, is likely to look at several aspects related to the Adani-Hindenburg matter.

The Role of the Expert committee:

The expert committee will be looking into the “overall assessment of the situation, including causes and factors which led to volatility in the securities market in the recent past.”

The committee has also been asked to suggest measures to strengthen investor awareness, and investigate if there’s been regulatory failure in dealing with alleged contravention of laws pertaining to the securities market in relation to the Adani Group and other companies.

In addition, the committee has been asked to suggest measures to strengthen the statutory & regulatory framework and secure compliance with the existing framework for the protection of investors.

About The Chairperson Justice AM Sapre:

Former Supreme Court judge Justice AM Sapre will be heading the committee that is expected to look at various areas of the Adani-Hindenburg case. Jusitve Sapre retired from the top court in 2019. He had earlier served as the Chief Justice of Gauhati High Court from October 19, 2013 to August 12, 2014, and as the first Chief Justice of Manipur High Court from March 23, 2013 to October 18, 2013.

About The Other Members of the Committee:

Om Prakash Bhatt is an Indian banker who was State Bank of India’s chairman from 2006 till 2011. Under his leadership, SBI tackled several challenges and rose on the global list rankings of the Fortune 500. He is an independent non-executive director at IT giant Tata Consultancy Services (TCS).

Well-known tech entrepreneur Nandan Nilekani has been chosen as part of the expert committee. Nilekani co-founded tech giant Infosys and has been its non-executive chairman since August 2017. Nilekani was also the chairman of the Unique Identification Authority of India (UIDAI) from July 2009 to March 2014.

Noted banker KV Kamath will also be a part of the expert committee that will probe the Adani-Hindenburg case. Kamath, who now chairs the National Bank of Financing Infrastrcture and Development (NaBFID), served as the former chief of the New Development Bank of BRICS countries. He has also served as the chairman of Infosys Limited and as the non-executive chairman of ICICI Bank.

Prominent Indian lawyer Somasekhar Sundaresan is another member appointed as part of the expert committee. He is a securities and regulatory expert, but initially started his career as a journalist. Sundaresan has played an active role in shaping India’s regulatory framework for securities and corporate law.

Retired Judge of the Bombay High Court, Justice JP Devadhar will also be a part of the expert committee. He was the Chairperson of the Securities Appellate Tribunal (SAT) from July 2013- July 2018.

The Adani-Hindenburg crisis:

Adani stocks took a major hit after Hindenburg Research alleged that the Gautam Adani-led Indian conglomerate had engaged in stock manipulation and accounting fraud scheme over the last few decades. However, the Adani Group denied the allegation.

Shares of Adani Enterprises fell 10 per cent after the group denied reports that suggested it was securing a fresh $3 billion loan from an unnamed sovereign fund.

A few other Adani group stocks jumped up to 5 per cent after a slew of block deals took place on the counters. Adani Green Energy rose another 5 per cent to Rs 535.25, Adani Transmission gained 5 per cent to Rs 708.35, and Adani Ports was down 0.7 per cent at Rs 598.

HDFC Bank’s Sashidhar Jagdishan is ‘BS Banker of the Year 2022’

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO) of HDFC Bank, has been chosen as the Business Standard Banker of the Year 2022.

Sashidhar Jagdishan is ‘BS Banker of the Year 2022’

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO) of HDFC Bank, has been chosen as the Business Standard Banker of the Year 2022. This award is given to him for his successful navigation of technology-related challenges while maintaining the bank’s strong performance.

Known to his colleagues as Sashi, Jagdishan took charge of HDFC Bank on October 27, 2020, after his illustrious predecessor Aditya Puri demitted office upon attaining the age of 70 years, the maximum age for a CEO in a private sector bank according to the Reserve Bank of India’s norms. The banking regulator had approved Jagdishan’s appointment for a three-year period, after which he will be eligible for an extension. He will turn 58 this month. Jagdishan’s journey in HDFC Bank started in 1996 as a manager in the finance function.

Process of Choosing the Winner

A five-member jury, chaired by former Reserve Bank of India deputy governor SS Mundra, has picked Sashidhar Jagdishan as the CEO of the largest private sector bank of the country as the winner. The Jury includes-

Vice Chairman and CEO of HDFC Limited Keki Mistry,

Ican Investment Advisors Chairman Anil Singhvi,

Aditya Birla Sun Life Asset Management Company MD and CEO A Balasubramanian, and

Former MD and CEO of Bank of Baroda P S Jayakumar. Mistry.

Reliance Jio second-strongest telecom brand in world, says report

Reliance Jio has climbed up to number two rank — up from fifth place last year — in a list of the top 10 strongest telecom brands in the world.

Reliance Jio has climbed up to number two rank — up from fifth place last year — in a list of the top 10 strongest telecom brands in the world. In this post we will explore the Top 150 most valuable and strongest telecoms operator brands according to Brand Finance 2023 rankings.

More About The Brand Finance 2023 rankings:

As the telecommunications industry continues to grow and evolve, keeping track of who’s-who in terms of establishing a strong presence can be difficult. Brand Finance has compiled a list of companies based on their brand value.

Brand Finance have developed a comprehensive evaluation process to not only assess the value of brands, but also ascertain their relative strength. Utilizing best-practice ISO 20671 guidelines and up-to-date research collated from an expansive survey spanning 38 countries and 31 sectors with over 150,000 respondents – Brand Finance provide crucial insights for businesses looking to make informed decisions about brand performance.

Swisscom: strongest telecoms brand:

Swisscom increased brand value by 5 percent to $6.3 billion and is the strongest telecoms brand with a Brand Strength Index (BSI) score of 92.

It is the third strongest brand globally and earns an elite AAA+ brand rating. It recently announced its new Fixed Wireless Access 5G service for business customers which is a continuation of its pioneering work in the European 5G market.

Swisscom stands apart from other telco brands due to its robust combination of trust, coverage, and network perceptions. Furthermore, Swisscom’s immensely appreciated customer service has earned it a high brand strength index score that confirms its excellence in the telecommunications industry.

Reliance Jio: the second-strongest telecoms brand:

Indian brand Jio is the second-strongest telecoms brand having a brand strength index score of 90/100 and earning an elite AAA+ rating. It increased its brand value up to 6 percent to $5.4 billion; a two-point rise from last year.

The brand focused on rolling out of 5G in India, and is now extending coverage to 257 cities in the country and looking to further increase this at a rapid rate.

5G services have already generated widespread benefits to Indian consumer and in sectors like education, healthcare and agriculture.

These benefits and the growth opportunities presented by Jio’s 5G network have helped Jio build an extremely strong brand strength index score. It is one of only two AAA+ rated telecoms brands in the ranking.

Etisalat: The third strongest telecoms brand:

Etisalat by e& rose its brand value by 4 percent to $10.5 billion and is the third strongest telecoms brand globally with a BSI score of 89.1 out of 100.

Sarbananda Sonowal Inaugurated Global Conference & Expo on Traditional Medicine

Sarbananda Sonowal inaugurated the first B2B Global Conference & Expo on Traditional Medicine under Shanghai Cooperation Organisation (SCO) at Guwahati.

Union Minister of Ayush and Ports, Shipping & Waterways, Sarbananda Sonowal inaugurated the first B2B Global Conference & Expo on Traditional Medicine under Shanghai Cooperation Organisation (SCO) at Guwahati.

The Union Minister informed that India has made the best use of available natural resources through Ayurveda and other traditional systems of medicine to provide healthcare to people as well as towards achieving the goal of Universal Health Coverage. The Global Center for Traditional Medicine of the World Health Organization (WHO-GCTM) being set up at Jamnagar with the support of India will help member countries to take enabling steps in their respective countries to strengthen education and practices of Traditional Medicine.

Sarbananda Sonowal Inaugurated Global Conference & Expo on Traditional Medicine – Key Points

Union Minister of State for Ayush and Women & Child Development, Dr. Mahendrabhai Munjpara informed that India lays a lot of emphasis on quality assurance of education and practices of Ayurveda, Yoga, Unani, Siddha, Sowa-rigpa and the Homeopathy (Ayush).

Many regulatory provisions, as well as accreditation mechanisms, are in place to ensure the quality of Ayush products.

India has also taken lead to develop the country’s “integrative Medicine Policy” to integrate Traditional systems of medicine and western medicine while ensuring their training, research, and safety.

Health Minister of Myanmar Dr. Thet Khaing Win informed that in Myanmar traditional medicines have been regarded as an invaluable national heritage, it has a significant role in culture.

Deputy Health Minister of Maldives Safiya Mohamed Saeed highlighted about how Traditional Medicines used to be the main source of income for millions, especially for the rural areas in developing countries.

More than 150 delegates from 17 countries including India are participating in this event, which includes high-level delegates such as Health ministers, official delegates, and foreign buyers from SCO & partner countries.

A total of 75 foreign officials and business delegates from 13 countries are participating in physical mode. Official delegates from China, Uzbekistan, Kyrgyzstan, and Kazakhstan joined virtually.

Godrej & Boyce, Renmakch sign MoU to develop a ‘Make-in-India’ value chain for Indian Railways

Godrej & Boyce announced that its business Godrej Tooling has signed a Memorandum of Understanding (MoU) with Renmakch for developing workshop equipment for Indian railways.

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Tooling has partnered with Renmakch, to collaborate on Machinery & Plant (M&P) projects for Railways and Metro Rail, offering world-class equipment that is ‘Made in India’.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

More About The Agreement Godrej & Boyce, Renmakch:

With this alliance, Godrej & Boyce will now be able to offer a complete value chain ranging from design to build for the Railways and also bid on larger projects. The Company has been a trusted partner of the Indian Railways for over 15 years.

Significance of The MoU Between Godrej & Boyce, Renmakch:

Godrej Tooling has signed a Memorandum of Understanding (MoU) with Renmakch for developing workshop equipment. The collaboration will introduce the latest technology for the Rail industry from Europe and other developed countries and indigenize it for India.

With the Indian Railways announcing their plans to invest in new generation trains such as Vande Bharat and subsequently new workshops and depots, Godrej & Boyce aims to harness this opportunity by offering a turnkey solution to the Indian Railways.

This will not just fuel India’s self-reliance but also improve the speed, quality, and safety of railway and metro coaches during maintenance. The Company expects to acquire a 20-30% market share in this sector over the next 5 years.

Make in India and: Godrej and Renmakch:

Godrej Tooling and Renmakch will have a ten-year-strong partnership. The association will contribute to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives by developing depot equipment, which is an import substitute. Godrej Tooling supplies jigs & fixtures, automation solutions, and workshop equipment for Railway workshops & Metro depots.

Comentarios


bottom of page