Daily Current Affairs Analysis Today : 20 –March-2023

Daily Current Affairs Analysis Today : 20 –March-2023 Daily current affairs analysis is an essential component of preparing for various competitive exams such as the UPSC, SSC, entrance exams, and other competitive exams. Staying updated on the current events is crucial as the questions in these exams are often based on the recent happenings around the world. The daily current affairs analysis helps aspirants to keep a track of the important events and developments taking place globally.

G Krishnakumar takes over as Bharat Petroleum Corporation’s chairman


Bharat Petroleum Corporation Limited (BPCL) has appointed G Krishnakumar as the Chairman and Managing Director, after the proposal of the Ministry of Petroleum and Natural Gas was approved.

He will remain the Chairman and Managing Director till April 2025.

Currently the Executive Director Lubricants, Krishnakumar has been with BPCL since 1987 and held various positions in the state-owned company.

VR Krishna Gupta had taken the additional charge of CMD in November 2022 after the superannuation of Arun Kumar Singh.


Bharat Petroleum Corporation Limited (BPCL):

Founded: 1976

Headquarters: Mumbai, Maharashtra, India


Who has taken over as the new chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL)? G Krishnakumar



Tim Paine announces retirement from cricket at 38


Former Australia Test captain Tim Paine has announced his retirement from cricket following the conclusion of Tasmania’s Marsh Sheffield Shield match against Queensland at Blundstone Arena.

The 38-year-old wicketkeeper captained Australia in 23 Tests between 2018 and 2021, playing 35 Tests overall.

Paine represented Tasmania over 18 years after debuting in 2005, playing 154 first-class matches.

He became Australia’s 46th Test skipper after Steve Smith stepped down during Australia’s 2018 tour of South Africa.

However, the wicket-keeper batter stepped down from the captaincy in late 2021.


Tim Paine, who recently announced his retirement, is a former captain of which national cricket team? Australia



boAt promotes CEO Gambhir to Chairman, Co-founder Mehta named CEO


Vivek Gambhir, the current Chief Executive Officer (CEO) of boAt, has been promoted to Chairman.

Gambhir will be replaced as CEO by Co-founder Sameer Mehta, who will also take up the position of Managing Director of the company.

Prior to joining boAt, Gambhir was with Godrej Consumers Products, acting as a whole-time director. He also worked as a partner with Bain & Company

Whereas, Sameer Mehta founded two companies–Imagine Marketing and Redwood Interactive before joining boAt


Note: Mr. Aman Gupta founded boAt in the year 2016 with Mr. Sameer. He also co-founded Imagine Marketing India, which became the parent of boAt in 2014.


Who will be the new CEO of India-based consumer electronics brand ‘boAt’ ? Sameer Mehta



India Post partners with Shiprocket to benefit startups and MSMEs


Government-owned India Post has signed an MoU with logistics aggregator Shiprocket to help startups and MSMEs to enhance last-mile e-commerce delivery services across the country.

The MoU was signed between India Post, Shiprocket, and Pickrr at Dak Bhawan in New Delhi.

Under the collaboration, India Post has ensured IT integration with IT systems of Shiprocket.

This integration has been done through various application programming interface for tariff, booking, label generation, pickup and track and trace systems.


India Post:

Formed: 1 October 1854

Headquarters: New Delhi

Minister: Ashwini Vaishnaw, (Minister of State for Communications)

Secretary: Vineet Pandey

Director General : Alok Sharma


India Post has signed an MoU with which logistics aggregator to help startups and MSMEs? Shiprocket



RBI imposes penalty of ₹5 lakh on HDFC, ₹11 lakh on IGH Holdings


The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5 lakh on Housing Development Finance Corporation Limited (HDFC) and ₹11.25 lakh on IGH Holdings Private Limited.

RBI fined HDFC after it failed to transfer matured deposits of certain depositors to designated bank accounts of such depositors during 2019-2020.

IGH Holdings was failed to comply with the statutory requirement of transferring 20 per cent of the net profit as disclosed in its profit and loss account for the financial year 2020-21 to the Reserve Fund.



Founded: 1977

Headquarters: Mumbai, Maharashtra, India

Chairman: Deepak Parekh

Vice Chairman & CEO: Keki Mistry

Managing Director: Renu Sud Karnad


How much penalty has been imposed by RBI on IGH Holdings Private Limited, Mumbai for non-compliance with certain provisions? ₹11.25 lakh


Ram Sahay Prasad Yadav elected as Nepal’s 3rd Vice President


Ram Sahay Prasad Yadav was elected as the third Vice President of Nepal.

Ramsahaya Prasad Yadav, a candidate from the Janata Samajbadi Party (JSP), comfortably defeated his nearest rival Ashta Laxmi Shakya of CPN-UML to become the Himalayan nation’s third Vice President

Yadav, who will take over from Nanda Kishor Pun, had in the past served as the country’s Minister of Environment.

Like the President, the Vice President is elected by an electoral college comprising the members of the Federal Parliament (House of Representatives and the National Assembly) and the Provincial Assembly.

Recent Vice-Presidential election was the third since the country adopted the federal democratic republic system in 2008.

The tenure of the Vice-President is five years.


Note: Ram Chandra Poudel of the Nepali Congress was elected as the new president of Nepal on March 9.



Capital: Kathmandu

Currency: Nepalese Rupee

Prime Minister: Pushpa Kamal Dahal


Who is the third Vice President of Nepal? Ram Sahay Prasad Yadav



Flipkart appoints Ravi Krishnan as Head of Flipkart Labs


Flipkart has appointed Ravi Krishnan, VP of Appliances & TVs division, as the new Head of Flipkart Labs.

Krishnan’s appointment comes days after Ajay Ponna Venkatesh and Sai Krishna VK, who previously led Flipkart Labs, exited their roles to join Polygon as Senior VPs.

Flipkart Labs is the e-commerce firm’s experimental division that explores technologies like blockchain and virtual reality. It is a unit housed under the Product Strategy and Deployment (PSD) arm of the Flipkart Group.



Founded: 2007

Founder: Sachin Bansal, Binny Bansal

Headquarters: Bengaluru, Karnataka, India, Singapore (legal domicile)

CEO: Kalyan Krishnamurthi


Who has been appointed as the new Head of Flipkart Labs? Ravi Krishnan



CM Ashok Gehlot announces formation of 19 new districts, 3 new divisions in Rajasthan


Rajasthan CM Ashok Gehlot announced 19 new districts and three new divisions for the state.

The three new divisions will be in Banswara, Pali and Sikar, he added.

The chief minister proposed a budget of Rs 2,000 crore for the first phase of infrastructure and human resource development for the new districts and divisions.

Rajasthan currently has 33 districts.

Jaipur will now be divided into four smaller districts: Jaipur North, Jaipur South, and Dudu. Kotputli, which is also a part of Jaipur, will be merged with Behror in Alwar to create another district. Thus, the number of districts in the state will now be 50.

The new districts are — Anoopgarh which was a part of Ganganagar, Balotra (Barmer), Beawar (Ajmer), Kekri (Ajmer), Deeg (Bharatpur), Deedwana-Kuchaman (Nagaur), Dudu (Jaipur), Gangapur City (Sawai Madhopur), Jaipur North, Jaipur South, Jodhpur East, Jodhpur West, Kotputli-Behror (Jaipur-Alwar), Khairthal (Alwar), Neem ka Thana (Sikar), Phalodi (Jodhpur), Salumber (Udaipur), Sanchore (Jalore) and Shahpura (Bhilwara).


Recently Rajasthan government has announced how many new districts for the state? 19



Meghalaya gets electric trains for the first time


In a first, electric trains would now be able to operate in Meghalaya.

The commissioning of the Dudhnai-Mendipathar (22.82 km track) single line section and Abhayapuri-Pancharatna (34.59 km track) double line section was achieved on March 15.

The initiative is Indian Railways’ step towards becoming a Net Zero Carbon Emitter by 2030.

Earlier on March 15, 2023, the officials of Central Organisation for Railway Electrification (CORE) had conducted a speed trial run of the Electric Locomotive Train  on a stretch from Mendipathar Railway station to Dudhnoi at a speed of 65 KMPH. For operation of the electric locomotive train 25KV electric power is being drawn from New Bongaigaon substation.


Significance of Electrification:

With the commissioning of electric traction, the trains hauled by electric locomotive will be able to reach Meghalaya directly from other parts of the country. It will improve the mobility of trains in the region. The electrification work will increase the average speed and thus reduce the travel time between two places, thereby enhancing the passenger experience. It will also boost the punctuality of both passenger and freight trains.


Mendipathar railway station:

The Mendipathar railway station falls under the Northeast Frontier Railway’s Rangiya Division and is the only station in the north-eastern state of Meghalaya which is in operation since 2014.


As part of the initiative to become a net zero carbon emitter by 2030, recently which state will now be able to run electric trains for the first time? Meghalaya



Govt to set up PM MITRA mega textile parks in 7 states


Seven mega textile parks under the ₹4,445-crore PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra.

Inspired by the 5F vision of Prime Minister Narendra Modi (ie Farm to Fibre to Factory to Fashion to Foreign), the PM MITRA Parks is a major step forward in realising the Government’s vision of making India a global hub for textile manufacturing and exports.


Key Points:

The Ministry of Textiles will oversee the execution of these projects. A Special Purpose Vehicle (SPV) owned by Centre and State Government will be set up for each park to oversee the project’s implementation. The Ministry of Textiles will provide financial support in the form of Development Capital Support upto ₹ 500 crore per park to the Park SPV.

A Competitive Incentive Support (CIS) upto ₹ 300 crore per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation. Convergence with other central government schemes shall also be facilitated in order to ensure additional incentives to the Master Developer and investor units.

State governments will provide a contiguous and encumbrance-free land parcel of at least 1,000 acres of land and will also facilitate the provision of all utilities, Reliable Power Supply and Water availability and Waste Water Disposal system, an effective single window clearance as well as a conducive and stable industrial/textile policy.

The parks will offer excellent infrastructure, plug-and-play facilities as well as training and research facilities for the industry.


Under which PM scheme, seven mega textile parks will be set up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra? PM MITRA



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