Daily Current Affairs Analysis Today : 16 –March-2023

Daily Current Affairs Analysis Today : 16 –March-2023

LIC appoints Tablesh Pandey and M Jagannath as MDs


Tablesh Pandey and M. Jagannath have been appointed as the managing directors of the Life Insurance Company (LIC).

Tablesh Pandey will take over on April 1, 2023, and M. Jagannath has started working from March 13, 2023.

Raj Kumar and BC Patnaik are the two managing directors that left the company. There are currently four managing directors at LIC.

  1. Jagannath joined the LIC in 1988 as a Direct Recruit Officer. He has a wealth of marketing expertise, has held numerous significant positions, and has effectively managed sizable teams. Between 2009 and 2013, he spent 4 years as the Chief Executive Officer and Management Director of LIC (Lanka) Ltd. in Colombo, Sri Lanka. The insurance company’s executive director right now is Tablesh Pandey.

Recently, For a period of three months beginning March 14, the Center has chosen Siddhartha Mohanty as the interim chairman of the Life Insurance Company of India (LIC).



Founded: 1 September 1956

Headquarters: Mumbai

Interim chairman: Siddhartha Mohanty


Recently, Tablesh Pandey and M. Jagannath have been appointed as the managing directors of which company?  Life Insurance Company (LIC)



FDIC names former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley Bank


Tim Mayopoulos, the former CEO of Fannie Mae, was appointed by the Federal Deposit Insurance Corporation (FDIC) to lead Silicon Valley Bank.

He takes over after the startup-focused lender was shut down by regulators as a result of a run on its deposits, which left it with insufficient capital.

For more than six years prior to joining fintech Blend, Mayopoulos was the CEO of mortgage financier Fannie Mae.

The bank was unable to raise capital to make up the difference due to the sale of a $21 billion portfolio of securities that were up for sale last week, which led to a $1.8 billion loss and a dramatic reduction in deposits.

The regulator has also moved almost all of the bank’s assets, including all insured and uninsured deposits, to a bridge bank that was just recently founded.


Silicon Valley Bank:

Headquarters: Santa Clara, California, United States

President: Gregory W. Becker

Founder: Roger V Smith

Founded: 1983



Founder: Franklin D. Roosevelt

Headquarters: Washington, D.C., United States


Who has been appointed by the Federal Deposit Insurance Corporation (FDIC) to lead Silicon Valley Bank? Tim Mayopoulos


MC Mary Kom, Farhan Akhtar named brand ambassadors of Women’s World Boxing Championships 2023


The Indira Gandhi Sports Complex in New Delhi will host the IBA Women’s World Boxing Championship 2023 from March 15–26.

Mahindra has been named the title sponsor of this competition by the Boxing Federation of India (BFI), while MC Mary Kom and Bollywood actor Farhan Akhtar have been named as brand ambassadors.

The third time in history, India is serving as the host country.

The BFI’s goal of promoting female boxing involvement will be greatly enhanced by the appearance of Marykom and Bollywood superstar Farhan Akhtar.

The biennial international competition is set to feature 12 weight categories and more than 350 contestants from as many as 74 nations.

Nikhat Zareen, the world champion from India, will be the centre of attention throughout the international competition. She will compete in the 50 kg weight division.


Which country will host the Women’s World Boxing Championship 2023? India



Uttarakhand Becomes First State to Start Insurance Scheme for Sericulturists


Uttarakhand launched the country’s first “Resham Keet Bima” programme to safeguard its sericulturists.

200 sericulturists from five blocks in four districts—Dehradun, Haridwar, Udham Singh Nagar, and Nainital—received insurance in the first phase of the pilot project, which started in Uttarakhand.

This insurance protected them from the effects of climate change, water scarcity, and other dangers.

The programme has been launched as a pilot project spanning five development blocks of four districts of the state in order to safeguard farmers from loss. The department and the Agricultural Insurance Company of India have decided to accomplish this.

The initiative was launched in Dehradun and is managed by Saral Krishi Beema.

The endeavour aims to promote the production of silk in the region. Over 12,000 families in the state are impacted by sericulture both directly and indirectly, and 6,000 stakeholders produce nearly 300 metric tonnes of silk fibroin there annually.



Founded: 9 November 2000

Capitals: Dehradun (Winter), Gairsain (Summer)

Chief minister: Pushkar Singh Dhami


Name the country’s first program launched by Uttarakhand to protect its sericulturists? “Resham Keet Bima”



Denmark, the first country to import CO2 and bury it undersea


Denmark inaugurates a project to store carbon dioxide 1,800 metres beneath the North Sea, the first country in the world to bury CO2 imported from abroad.

The CO2 graveyard, where the carbon is injected to prevent further warming of the atmosphere, is on the site of an old oil field.

Led by British chemical giant Ineos and German oil company Wintershall Dea, the “Greensand” project is expected to store up to eight million tonnes of CO2 per year by 2030.

While measured in millions of tonnes, the quantities stored still remain a small fraction of overall emissions. According to the European Environment Agency (EEA), the member states of the EU emitted 3.7 billion tonnes of greenhouse gases in 2020 alone.

The North Sea is particularly suitable for this type of project as the region already has pipelines and potential storage sites after decades of oil and gas production.



Capital: Copenhagen

Prime Minister: Mette Frederiksen

Currency: Danish krone


Name the first country to import CO2 and bury it undersea? Denmark


Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank


Neelkanth Mishra, co-head of Asia Pacific strategy at Credit Suisse Group AG, has resigned from the company and is set to join Mumbai-based Axis Bank Ltd.

A veteran of two decades at the Swiss bank, Mishra has agreed to helm Axis Bank’s research department. He is part of Indian Prime Minister Narendra Modi’s Economic Advisory Council and head of research at Credit Suisse’s local unit.

Ashish Gupta, the former head of India equity research at Credit Suisse, joined Axis Mutual Fund as chief investment officer, an exchange filing showed earlier this month.


Axis Bank:

Founded: 3 December 1993

Headquarters: Mumbai

MD & CEO: Amitabh Chaudhry

Chairperson: Shri Rakesh Makhija


Credit Suisse:

Founded: 1856

Headquarters: Zürich, Switzerland

Chairman: Axel Lehmann

CEO: Ulrich Körner


Who has recently resigned from Credit Suisse to join Axis Bank as Head Research? Neelkanth Mishra



India eighth most polluted country in the world


In a “World Air Quality” report, India was ranked the world’s eighth most polluted country in 2022.

The report has been prepared by a Swiss firm, IQAir and was released on March 15.

Notably, India’s ranking has dropped from fifth last year.

According to the data available in the report, the PM2.5 level in most polluted Indian cities was 53.3.

Bhiwadi, located on the outskirts of Delhi, was ranked among the two most polluted cities in the world.

Delhi followed it closely behind. Pollution levels in the two cities were 92.7 and 92.6, respectively.

It is important to note that air quality levels are based on the concentration of airborne particles, which can cause damage to the lungs.

Medical science says that PM2.5 particles cause the most damage to the respiratory system. Governments and researchers closely watch the presence of these particles in the air.

The World Health Organization (WHO) recommends a maximum PM2.5 concentration of 5 micrograms per cubic meter.

The India and Pakistan experienced the worst air quality in the Central and South Asian region.

60 per cent of the population in these countries breathed air in which PM2.5 particles were at least seven times higher than the WHO’s recommendations.

Among the top 50 most polluted cities worldwide, Delhi comes in at number four. The city with the highest pollution is Lahore, Pakistan, followed by Hotan, China. Rajasthan’s Bhiwadi is ranked third.


10 most polluted countries in the world:

  1. Chad
  2. Iraq
  3. Pakistan
  4. Bahrain
  5. Bangladesh
  6. Burkina Faso
  7. Kuwait
  8. India
  9. Egypt
  10. Tajikistan


As per “World Air Quality” report, which country has been ranked the most polluted country in the world in 2022? Chad



Amitava Mukherjee assumes additional charge as National Mineral Development Corporation CMD


Amitava Mukherjee, NMDC Director (Finance), has been given the additional responsibility of Chairman-Cum-Managing Director.

Mukherjee, an Indian Railway Accounts Service (IRAS) officer from the 1995 batch, has a Master’s in Commerce from Guru Ghasidas Vishwavidyalaya in Bilaspur and is also a Cost Accountant.

His leadership enabled the timely completion of NMDC Steel Ltd’s demerger from NMDC Ltd.

His areas of expertise are project management, digital initiatives, and policy formulation.

The nation’s largest iron ore producer said in a BSE filing that he has successfully led the Australia operations of NMDC to the pre-production stage (gold) and also finalised a strategic tie-up with a significant international mining giant Hancock.

He has also prospected quickly and capitalised on an iron ore mining tenement.

He served as Rail Vikas Nigam Ltd.’s General Manager (Finance) before joining NMDC.

He worked with IRAS from 1997 to 2016 and held a crucial position with the Eastern Railroad. He spent the years 1994 to 1997 working for Indian Oil Company Ltd. before joining IRAS.



Headquarters: Hyderabad

Founded: 1958


Who has been given the additional charge as NMDC Chairman-Cum-Managing Director? Amitava Mukherjee



13th Edition of India-Singapore Military Exercise Bold Kurukshetra Concluded at Jodhpur


Singapore Army and Indian Army participated in the 13th edition of bilateral exercise BOLD KURUKSHETRA at Jodhpur Military Station, India.

For the first time in the series of exercises, the armies of both the countries participated in a command post exercise, involving battalion and brigade level planning units and computer wargaming.

Organized by the Indian Army, soldiers from the 42nd Battalion, Singapore Armored Regiment and an Armored Brigade of the Indian Army were involved in the exercise.

Both the contingents not only learned about each other’s military drills and procedures, but also exchanged ideas and best practices being followed in the modern battlefield.

This exercise, first held in 2005, highlights the two countries’ strong and long-standing bilateral defence relationship and strengthens cooperation between their armies.


Which Edition of India-Singapore Military Exercise Bold Kurukshetra Concluded in Jodhpur recently? 13th


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