{"id":131043,"date":"2023-03-13T13:21:08","date_gmt":"2023-03-13T07:51:08","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=131043"},"modified":"2023-03-13T13:21:19","modified_gmt":"2023-03-13T07:51:19","slug":"12-13-march-2023-current-affairs-the-days-top-news","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/12-13-march-2023-current-affairs-the-days-top-news\/","title":{"rendered":"12&#038;13 March 2023 Current Affairs \u2013 The Day\u2019s Top News | GKSERIES"},"content":{"rendered":"\n<p><strong>Current Affairs<\/strong>\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0<strong>Daily Current Affairs 12&amp;13 March<\/strong> <strong>2023,<\/strong> we have tried to cover each and every point and also included all important facts from National\/ International news that are useful for upcoming competitive examinations such as\u00a0<strong>UPSC, SSC, Railway, State Govt. etc.<\/strong><\/p>\n\n\n\n<p>So, here is the Top News of the Day for <strong>12&amp;13 March 2023<\/strong> to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt <a href=\"https:\/\/www.gkseries.com\/blog\/daily-current-affairs-and-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs Quiz<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Current Affairs for Competitive Exam \u2013 <strong>12&amp;13 March 2023<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/indonesias-mount-merapi-volcano-erupts-covering-villages-in-ash\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indonesia\u2019s Mount Merapi volcano erupts, covering villages in ash<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Indonesias-Mount-Merapi-volcano-erupts-covering-villages-in-ash.jpg\" alt=\"Indonesia\u2019s Mount Merapi volcano erupts, covering villages in ash\"\/><\/figure>\n\n\n\n<p><strong>Indonesia\u2019s Mount Merapi volcano erupts, covering villages in ash:<\/strong> Mount Merapi, one of the world\u2019s most active volcanoes, erupted, spewing smoke and ash into the surrounding villages. There were no immediate reports of casualties, the the National Disaster Mitigation Agency said. The images broadcasted shows ash-covered houses and roads at a village near the volcano, in Yogyakarta.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>More About The Mount Merapi volcano eruption:<\/strong><\/p>\n\n\n\n<p>According to the Merapi Volcano Observatory, the ash cloud rose 9,600 feet (3,000 metres) above the summit.<\/p>\n\n\n\n<p>Authorities established a restricted zone of seven kilometres from the crater after the eruption, which was recorded at 12:12 pm (0512 GMT).<\/p>\n\n\n\n<p><strong>The extent of the damage:<\/strong><\/p>\n\n\n\n<p>At least eight villages near the volcano have been affected by volcanic ash, an officer at one of Merapi\u2019s observation posts said in a statement.<\/p>\n\n\n\n<p><strong>The history of the Mt Merapi\u2019s volcanic activities:<\/strong><\/p>\n\n\n\n<p>The volcano\u2019s most recent major eruption in 2010 killed over 300 people and forced the evacuation of 280,000 people. It was Merapi\u2019s most powerful eruption since 1930, when about 1,300 people were killed. An eruption in 1994 left about 60 people dead. The volcano\u2019s alert status has remained at the second-highest level since 2020 after showing renewed activity.<\/p>\n\n\n\n<p><strong>Mount Merapi: the most active volcano in Indonesia:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mount Merapi is known as the \u201cFire Mountain\u201d in Indonesia and Java.<\/li>\n\n\n\n<li>It is an active stratovolcano that is located on the border between the Central Java and Yogyakarta provinces, Indonesia.<\/li>\n\n\n\n<li>It is considered Indonesia\u2019s most active volcano and has erupted on a regular basis since 1548.<\/li>\n\n\n\n<li>It is the youngest group of volcanoes in southern Java that is situated at a subduction zone of the Indo-Australian Plate and Sunda Plate.<\/li>\n\n\n\n<li>At this subduction zone, the Indo-Australian Plate subducts under the Sunda Plate.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/pm-modi-inaugurates-worlds-longest-railway-platform-in-hubballi-karnataka\/\" target=\"_blank\" rel=\"noreferrer noopener\">PM Modi inaugurates world\u2019s longest railway platform in Hubballi, Karnataka<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/PM-Modi-inaugurates-worlds-longest-railway-platform-in-Hubballi-Karnataka.jpg\" alt=\"PM Modi inaugurates world\u2019s longest railway platform in Hubballi, Karnataka\"\/><\/figure>\n\n\n\n<p><strong>PM Modi inaugurates world\u2019s longest railway platform in Hubballi, Karnataka:<\/strong> Prime Minister Narendra Modi dedicated the world\u2019s longest railway platform, measuring 1.5 kilometres, at the Sri Siddhaarooda railway station in Hubballi, Karnataka. The inauguration of the platform was done during the PM\u2019s Karnataka visit in the presence of Union Minister Pralhad Joshi. It is to be noted that Indian Railways, South Western Railway Zones Hubbali is now registered in the Guinness Book of World Records for having the longest platform.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Significance of The longest platform:<\/strong><\/p>\n\n\n\n<p>The world\u2019s longest railway platform will cater to the transportation needs of the Hubballi-Dharwad region and will help in enhancing the operational capacity of the yard. Furthermore, it will allow trains to run in both directions.<\/p>\n\n\n\n<p><strong>Gorakhpur platform slips to 2nd in the ranking:<\/strong><\/p>\n\n\n\n<p>The platform at Gorakhpur in Uttar Pradesh is the second longest at 1,366.33 metres, and the platform at Kollam Junction in Kerala is the third longest at 1,180.5 metres.<\/p>\n\n\n\n<p><strong>The Bengaluru-Mysuru expressway:<\/strong><\/p>\n\n\n\n<p>Meanwhile, Prime Minister Narendra Modi also inaugurated the 118-km long Bengaluru-Mysuru expressway. This new project is expected to aid the social and economic growth in the region.<\/p>\n\n\n\n<p>The new e-way, which cost Rs 8,480 crore, will cut travel time between the cities from 3 hours to 75 minutes.<\/p>\n\n\n\n<p>Furthermore, the project entails widening NH 275 to six lanes along the Bengaluru-Nidaghatta-Mysuru stretch.<\/p>\n\n\n\n<p><strong>PM Modi inaugurates permanent IIT Dharwad campus:<\/strong><\/p>\n\n\n\n<p>Prime Minister Narendra Modi also dedicated the new campus of IIT Dharwad and laid the foundation stone in February 2019. Developed at a cost of over Rs. 850 crores, the institute currently offers 4-year BTech programs, inter-disciplinary 5-year BS-MS program, MTech and PhD programs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/pmla-2002-amended-to-include-cryptocurrency-trade\/\" target=\"_blank\" rel=\"noreferrer noopener\">PMLA, 2002 Amended To Include Cryptocurrency Trade<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/PMLA-2002-Amended-To-Include-Cryptocurrency-Trade.jpg\" alt=\"PMLA, 2002 Amended To Include Cryptocurrency Trade\"\/><\/figure>\n\n\n\n<p><strong>PMLA, 2002 Amended To Include Cryptocurrency Trade: <\/strong>The Finance Ministry has amended the anti-money laundering law to include the trading of cryptocurrencies and other virtual digital assets. This means that exchanges, custodians, and wallet providers, among others in crypto-related trade, will fall under the Prevention of Money Laundering Act. As part of its efforts to tighten oversight of digital assets, the government has imposed money laundering provisions on cryptocurrencies or virtual assets.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>More about the amendment to PMLA, 2002<\/strong><\/p>\n\n\n\n<p><strong>Things covered by the law<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Exchange between virtual digital assets and fiat currencies<\/li>\n\n\n\n<li>Exchange between one or more forms of virtual digital assets<\/li>\n\n\n\n<li>Transfer of virtual digital assets<\/li>\n\n\n\n<li>Safekeeping or administration of virtual digital assets or instruments enabling control over virtual digital assets, and<\/li>\n\n\n\n<li>Participation in and provision of financial services related to an issuer\u2019s offer and sale of a virtual digital asset will now be covered by the Prevention of Money-laundering Act, 2002.<\/li>\n<\/ul>\n\n\n\n<p>Further, in regards to ownership, the ministry directed that any individual or group who holds about 10% ownership in the client of a \u2018reporting entity\u2019 will be seen as the beneficial owner as against the earlier threshold of 25% ownership.<\/p>\n\n\n\n<p><strong>Impact of the amendment in PMLA, 2002<\/strong><\/p>\n\n\n\n<p>Following this, Indian cryptocurrency exchanges will be required to report suspicious activity to the Financial Intelligence Unit India (FIU-IND). The move is consistent with a global trend of requiring digital-asset platforms to adhere to anti-money laundering standards similar to those observed by other regulated entities such as banks or stock brokers.<\/p>\n\n\n\n<p>Virtual digital assets were defined as any code or number or token generated through cryptographic means with the promise or representation of having inherent value. Digital currency and assets like NFTs (non-fungible tokens) have gained traction globally over the last couple of years. Trading in these assets has increased manifold with cryptocurrency exchanges being launched. However, India, till last year, did not have a clear policy on either regulating or taxing such asset classes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/army-installed-jks-steep-doda-districts-tallest-iconic-national-flag\/\" target=\"_blank\" rel=\"noreferrer noopener\">Army installed J&amp;K\u2019s steep Doda district\u2019s tallest iconic national flag<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Army-installed-JKs-steep-Doda-districts-tallest-iconic-national-flag.jpg\" alt=\"Army installed J&amp;K\u2019s steep Doda district\u2019s tallest iconic national flag\"\/><\/figure>\n\n\n\n<p><strong>Army installed J&amp;K\u2019s steep Doda district\u2019s tallest iconic national flag:<\/strong> The Army erected the tallest \u201cIconic National Banner\u201d in Jammu and Kashmir\u2019s rugged Doda area. Maj Gen Ajay Kumar, GOC Delta Force, Commander 9 Sector RR Brig. Samir K. Palande, DC Doda Vishesh Paul Mahajan, and SSP Abdul Qayoom unfurled the highest tricolour in the Doda district, which was erected on a 100-foot pole.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>The Flag is a monument to the many Chenab Region troops who have given their lives in order to preserve the unity and integrity of the country. He also paid tribute to the surviving family members of fallen warriors on this occasion. The raising of the nation\u2019s flag on a 100-foot pole, the first of its type in the Doda district, is a moment of pride for all of the area\u2019s citizens, not just the Army. Locals, particularly students and Veer Naris (war widows), who had flocked to the momentous occasion in large numbers, expressed gratitude to the Army for including them in the historic moment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/uttarakhands-rudraprayag-tehri-top-landslide-index-isro-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">Uttarakhand\u2019s Rudraprayag, Tehri top landslide index: ISRO report<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Uttarakhands-Rudraprayag-Tehri-top-landslide-index.jpg\" alt=\"Uttarakhand\u2019s Rudraprayag, Tehri top landslide index: ISRO report\"\/><\/figure>\n\n\n\n<p><strong>Uttarakhand\u2019s Rudraprayag, Tehri top landslide index: ISRO report-<\/strong> According to satellite data collected over the last two decades, the two districts in Uttarakhand most at risk of landslides are Rudraprayag and Tehri. Data collected by the Indian Space Research Organisation (ISRO) has highlighted that Rudraprayag and Tehri Garhwal are at the highest risk of facing landslides, having seen the highest number of landslide incidents in the past 20 years.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>More About the ISRO\u2019s Landslide Atlas of India:<\/strong><\/p>\n\n\n\n<p>The findings, compiled by the Hyderabad-based ISRO facility the National Remote Sensing Centre, were published in the Landslide Atlas of India. The agency created a database of over 80,000 landslides in the country between 1998 and 2022 using data from ISRO satellites. The team then used this data to rank 147 landslide-affected districts across 17 states and two Union territories.<\/p>\n\n\n\n<p><strong>Rudraprayag and Tehri: maximum exposure to landslide risk:<\/strong><\/p>\n\n\n\n<p>Rudraprayag and Tehri Garhwal have the \u201cmaximum exposure to landslide risk in the country\u201d due to the presence of pilgrimage routes and tourist sites. The district is home to the Kedarnath Temple and other religious sites like the Tungnath Temple and the Madhyamaheshwar Temple.<\/p>\n\n\n\n<p>The city of Rudraprayag itself is also a holy town due to the presence of river confluences. However, the district is also home to 32 chronic landslide zones, a large number of which are located along or around the NH-107 that leads into the town.<\/p>\n\n\n\n<p><strong>About The other parts of the country:<\/strong><\/p>\n\n\n\n<p>While the Himalayan region is particularly vulnerable to landslides, other parts of the country are also vulnerable. The other worst-affected districts in the country are Malappuram, Thrissur, Palakkad, and Kozhikode in Kerala, Rajouri and Poonch in Jammu and Kashmir, and South and East Sikkim.<\/p>\n\n\n\n<p><strong>India and risk of landslides:<\/strong><\/p>\n\n\n\n<p>India is among the four countries where the risk of landslides is the highest, the report said. Nearly 13 percent of the country\u2019s entire land area is prone to landslides. The situation is made worse by deforestation and climate change, as forest cover helps prevent and reduce the extent of moderate landslides.<\/p>\n\n\n\n<p>On the other hand, extreme weather events like heavy rainfall due to climate change increases soil degradation and can directly cause landslides. Landslides are the third most dangerous natural disaster in terms of deaths caused and need urgent intervention to prevent the loss of life and infrastructure in the coming years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/a-book-titled-as-good-as-my-word-wrote-by-km-chandrasekhar\/\" target=\"_blank\" rel=\"noreferrer noopener\">A book titled \u201cAs Good as My Word\u201d wrote by KM Chandrasekhar<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/A-book-titled-As-Good-as-My-Word-wrote-by-KM-Chandrasekhar.jpg\" alt=\"A book titled \u201cAs Good as My Word\u201d wrote by KM Chandrasekhar\"\/><\/figure>\n\n\n\n<p><strong>A book titled \u201cAs Good as My Word\u201d wrote by KM Chandrasekhar: <\/strong>\u201cAs Good as My Word,\u201d written by KM Chandrasekhar, Cabinet Secretary from 2007 to 2011, begins as an autobiography with detailed descriptions of his early years, academic career, and college years, all of which take place within the walls of a modest but orderly Malayali home. The book offers a front-row seat to Indian politics and bureaucracy during the UPA era. In his book, Chandrasekhar provides a comprehensive overview of the UPA administration during one of its most difficult periods, as well as his own role in steering India through numerous crises.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>The life of a civil servant who successfully navigated difficult facets of public life is told in the book As Good as My Word. The book provides a front-row view of Indian politics and bureaucracy during the UPA era and is frank, straightforward, and full of political gossip. In this autobiography, he provides a detailed account of the UPA administration during one of its most trying times, as well as his own critical contribution to guiding India through some of its most difficult crises, such as the Great Recession of 2008, the oilmen\u2019s strike in 2009, and the 26\/11 Mumbai attacks, as well as scams such as the 2G Spectrum case and the 2010 Commonwealth Games corruption scandal.<\/p>\n\n\n\n<p>This book details Chandrasekhar\u2019s experiments in public administration, his experiences as India\u2019s ambassador to the World Trade Organization, where he gained valuable trade diplomacy experience, his excellent working relationship with Prime Minister Manmohan Singh, his run-ins with some notable ministers of the time, and his reflections on Indian democracy, economy, and defence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/centre-launches-msme-competitive-lean-scheme\/\" target=\"_blank\" rel=\"noreferrer noopener\">Centre launches MSME Competitive (LEAN) scheme<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Centre-launches-MSME-Competitive-LEAN-scheme.jpg\" alt=\"Centre launches MSME Competitive (LEAN) scheme\"\/><figcaption class=\"wp-element-caption\"><br><\/figcaption><\/figure>\n\n\n\n<p><strong>Centre launches MSME Competitive (LEAN) scheme :<\/strong> Union Minister for MSME&nbsp;Narayan Rane&nbsp;launched the MSME Competitive (LEAN) Scheme&nbsp;on 10 March.<br><br><strong>About the Scheme<\/strong><br><br>It aims to provide a&nbsp;roadmap to global competitiveness for the MSMEs of India. The scheme will not only strive to improve quality, productivity and performance, but also change the mindset of manufacturers and provide them the ability to become world class manufacturers.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br>Under this scheme, MSMEs will implement LEAN manufacturing tools like&nbsp;5S, Kaizen, Kanban, Visual Workplace, Poka Yoka&nbsp;etc. under the able guidance of trained and competent LEAN consultants to acquire LEAN levels like Basic, Intermediate and Advanced.<br><br>Through this scheme, MSMEs can significantly&nbsp;reduce wastage, increase productivity, improve quality, expand their markets, operate in a safer manner and ultimately become competitive and profitable. To assist MSMEs, the government will contribute&nbsp;90 per cent of the implementation cost and consultancy fee&nbsp;for providing initial support.<br><br>There will be an additional contribution of&nbsp;5 per cent for MSMEs&nbsp;which are owned by women\/SC\/ST and are part of SFURTI clusters located in North Eastern States. Nodal Agency of the scheme will be the&nbsp;National Productivity Council (NPC).<br><br><strong>Initiatives related to MSME Sector<\/strong><br><br>The&nbsp;Micro, Small and Medium Enterprises Development Act&nbsp;was notified in the year 2006 to address policy issues affecting MSMEs as well as the coverage and investment limits of the sector.<\/p>\n\n\n\n<p>Prime Minister\u2019s Employment Generation Program (PMEGP):- It is a credit linked subsidy scheme for setting up new micro enterprises and generating employment opportunities in rural and urban areas of the country. Commencement \u2013 15 August 2008<br><br>Scheme of Fund for the Upliftment of Traditional Industries (SFURTI):- Its objective is to organise artisans and traditional industries into clusters and thus provide financial assistance to make them competitive in the current market scenario. Credit Guarantee Scheme for Micro and Small Enterprises\u00a0:- Under this scheme launched to facilitate easy flow of credit, guarantee cover is provided for collateral free loans given to MSMEs. Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS)\u00a0:- It aims at facilitating technology up-gradation to Micro and Small Enterprises (MSMEs) by providing 15% capital subsidy for purchase of plant and machinery.<br><br>CHAMPIONS Portal:- It aims to help Indian MSMEs to establish themselves as national and global champions by resolving their grievances and providing them encouragement, support.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/centre-launches-msme-competitive-lean-scheme\/\" target=\"_blank\" rel=\"noreferrer noopener\">Centre launches MSME Competitive (LEAN) scheme<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Centre-launches-MSME-Competitive-LEAN-scheme.jpg\" alt=\"Centre launches MSME Competitive (LEAN) scheme\"\/><\/figure>\n\n\n\n<p><strong>Centre launches MSME Competitive (LEAN) scheme :<\/strong> Union Minister for MSME&nbsp;Narayan Rane&nbsp;launched the MSME Competitive (LEAN) Scheme&nbsp;on 10 March.<br><br><strong>About the Scheme<\/strong><br><br>It aims to provide a&nbsp;roadmap to global competitiveness for the MSMEs of India. The scheme will not only strive to improve quality, productivity and performance, but also change the mindset of manufacturers and provide them the ability to become world class manufacturers.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br>Under this scheme, MSMEs will implement LEAN manufacturing tools like&nbsp;5S, Kaizen, Kanban, Visual Workplace, Poka Yoka&nbsp;etc. under the able guidance of trained and competent LEAN consultants to acquire LEAN levels like Basic, Intermediate and Advanced.<br><br>Through this scheme, MSMEs can significantly&nbsp;reduce wastage, increase productivity, improve quality, expand their markets, operate in a safer manner and ultimately become competitive and profitable. To assist MSMEs, the government will contribute&nbsp;90 per cent of the implementation cost and consultancy fee&nbsp;for providing initial support.<br><br>There will be an additional contribution of&nbsp;5 per cent for MSMEs&nbsp;which are owned by women\/SC\/ST and are part of SFURTI clusters located in North Eastern States. Nodal Agency of the scheme will be the&nbsp;National Productivity Council (NPC).<br><br><strong>Initiatives related to MSME Sector<\/strong><br><br>The&nbsp;Micro, Small and Medium Enterprises Development Act&nbsp;was notified in the year 2006 to address policy issues affecting MSMEs as well as the coverage and investment limits of the sector.<\/p>\n\n\n\n<p>Prime Minister\u2019s Employment Generation Program (PMEGP):- It is a credit linked subsidy scheme for setting up new micro enterprises and generating employment opportunities in rural and urban areas of the country. Commencement \u2013 15 August 2008<br><br>Scheme of Fund for the Upliftment of Traditional Industries (SFURTI):- Its objective is to organise artisans and traditional industries into clusters and thus provide financial assistance to make them competitive in the current market scenario. Credit Guarantee Scheme for Micro and Small Enterprises\u00a0:- Under this scheme launched to facilitate easy flow of credit, guarantee cover is provided for collateral free loans given to MSMEs. Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS)\u00a0:- It aims at facilitating technology up-gradation to Micro and Small Enterprises (MSMEs) by providing 15% capital subsidy for purchase of plant and machinery.<br><br>CHAMPIONS Portal:- It aims to help Indian MSMEs to establish themselves as national and global champions by resolving their grievances and providing them encouragement, support.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/army-unfurls-100-ft-high-national-flag-in-j-ks-doda\/\" target=\"_blank\" rel=\"noreferrer noopener\">Army unfurls 100-ft-high national flag in J-K\u2019s Doda<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Army-unfurls-100-ft-high-national-flag-in-J-Ks-Doda.jpg\" alt=\"Army unfurls 100-ft-high national flag in J-K\u2019s Doda\"\/><\/figure>\n\n\n\n<p><strong>Army unfurls 100-ft-high national flag in J-K\u2019s Doda : <\/strong>The&nbsp;Indian Army&nbsp;installed a&nbsp;100-foot-high national flag&nbsp;in the mountainous&nbsp;Doda district of Jammu and Kashmir&nbsp;on 9 March.&nbsp;<br><br><strong>An overview of the news<\/strong><br><br>The effort is aimed at&nbsp;paying a befitting tribute to the innumerable soldiers&nbsp;who laid down their lives for the country. This is the&nbsp;second such high-mast flag&nbsp;hoisted by the Army in the&nbsp;Chenab Valley region, which was a militancy hotbed a decade ago.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br>In July 2022 a 100-foot-high national flag was installed in the nearby\u00a0Kishtwar town. Major General Ajay Kumar, General Officer Commanding of the Army\u2019s Delta Force, unfurled the tallest flag at the\u00a0Doda Sports Stadium\u00a0in Sector 9.<br><br>The national flag, which can be seen from a distance, will make every citizen feel proud for the country. On\u00a0June 24, 2007, Naib Subedar Lal, who was posthumously awarded Ashok Chakra, Vir Chakra and Sena Medal, laid down his life fighting a group of terrorists trying to infiltrate through the Line of Control (LoC) in Kupwara.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/us-shuts-down-silicon-valley-banks-in-biggest-collapse-since-2008\/\" target=\"_blank\" rel=\"noreferrer noopener\">US shuts down Silicon Valley banks in biggest collapse since 2008<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/US-shuts-down-Silicon-Valley-banks-in-biggest-collapse-since-2008.jpg\" alt=\"US shuts down Silicon Valley banks in biggest collapse since 2008\"\/><\/figure>\n\n\n\n<p><strong>US shuts down Silicon Valley banks in biggest collapse since 2008 :<\/strong> California-based&nbsp;Silicon Valley Bank (SVB), the&nbsp;16th largest bank in the United States, was&nbsp;closed&nbsp;on 9 March by the&nbsp;California Department of Financial Protection and Innovation.<br><br><strong>An overview of the news<\/strong><br><br>It is the&nbsp;biggest banking failure since the 2008&nbsp;financial crisis. It is considered the biggest financial crisis since the collapse of&nbsp;Washington Mutual and Lehman Brothers&nbsp;during the 2008 recession.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br>The regulator appointed the\u00a0Federal Deposit Insurance Corp.\u00a0as the receiver. As of\u00a0December 31, 2022,\u00a0the Silicon Valley Bank had approximately\u00a0$209.0 billion\u00a0in total assets and about\u00a0$175.4 billion\u00a0in total deposits.\u00a0<br><br>The FDIC created a new bank, the\u00a0National Bank of Santa Clara, to hold the failed bank\u2019s deposits and other assets. The new entity began operating.<br><br><strong>Why did SVB have to be shut down?<\/strong><br><br>SVB announced the\u00a0sale of securities worth $21 billion\u00a0from its portfolio. The company said that to strengthen its financial position, shares\u00a0worth $ 2.25 billion\u00a0are being sold.<br><br>The widespread slowdown in the startup industry led to\u00a0high deposit withdrawals\u00a0in the bank, resulting in the move. The increase in interest rates by the Federal Deposit Insurance Corp\u00a0also messed up SVB Bank\u2019s math.<br><br>Experts believe that the biggest reason for the closure of SVB was the\u00a0simultaneous withdrawal of money\u00a0from the bank by its investors.<br><br><strong>About Silicon Valley banks<\/strong><br><br>It was established in\u00a01983,\u00a0it was the\u00a016th largest bank in America. It primarily invested in\u00a0Silicon Valley based startups\u00a0and provided banking related services. It provided a range of services toventure capital and private equity firms, as well as\u00a0private banking services\u00a0to high net-worth individuals.<br><br>The firm had a deal with\u00a0half of all venture-backed startups in the US in 2022. As of December 31, 2022, the bank had close to $212 billion in assets with clients such as\u00a0Shopify, Pinterest, VC firm Andreessen Horowitz, Crowdstrike and Teladoc Health.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/anurag-singh-thakur-inaugurates-youth-20-consultation-series-in-pune\/\" target=\"_blank\" rel=\"noreferrer noopener\">Anurag Singh Thakur inaugurates Youth-20 Consultation series in Pune<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Anurag-Singh-Thakur-inaugurates-Youth-20-Consultation-series-in-Pune.jpg\" alt=\"Anurag Singh Thakur inaugurates Youth-20 Consultation series in Pune\"\/><\/figure>\n\n\n\n<p><strong>Anurag Singh Thakur inaugurates Youth-20 Consultation series in Pune :<\/strong> Union Minister for Youth Affairs&nbsp;Anurag Singh Thakur&nbsp;inaugurated the&nbsp;fourth Y20 consultation meeting in Pune&nbsp;on 11 March.<br><br><strong>An overview of the news<\/strong><br>The Y20 Summit presents a unique platform for young minds to share their vision, values and ideas and develop solutions and recommendations that will be presented to the G20 leadership.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br>The aim of the summit is for youth to be heard and actively shape the global agenda.<br><br>Active participation of the young minds present at the event will lead to a deeper understanding of the challenges facing society and humanity and ways to solve them at the Y20 discussion platform.<br><br><strong>About Youth 20 (Y20)<\/strong><br><br>Youth 20 (Y20) is the\u00a0official youth engagement group of the G20.<br><br>It provides a platform for youth to express their vision and views on\u00a0G20 priorities.<br><br>It is a process that brings together young leaders from around the world to discuss and\u00a0debate global challenges.<br><br>The list of policy recommendations is known as a communiqu\u00e9, which is publicly announced at the Y20 summit and presented to world leaders as part of the official G20 summit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/indonesia-moves-capital-from-jakarta-to-borneo\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indonesia moves capital from Jakarta to Borneo<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/Indonesia-moves-capital-from-Jakarta-to-Borneo.jpg\" alt=\"Indonesia moves capital from Jakarta to Borneo\"\/><\/figure>\n\n\n\n<p><strong>Indonesia moves capital from Jakarta to Borneo :<\/strong> Recently, the Indonesian government&nbsp;unveiled the site of the country\u2019s new capital.<br><br><strong>An overview of the news<\/strong><br><br>The new capital,&nbsp;Nusantara, is located in the&nbsp;East Kalimantan province of Borneo, Indonesia. The new capital city of the country will be called&nbsp;Nusantara. The new capital will be asustainable forest city&nbsp;which will be developed keeping in mind the environment and will aim to achieve&nbsp;zero carbon emissions by the year 2045.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br><strong>Why is Indonesia moving its capital?<\/strong><br><br>Jakarta, the capital of Indonesia, has a\u00a0population of about 10 million\u00a0and three times the population of the greater metropolitan area.<br><br>It has been described as the\u00a0world\u2019s fastest-sinking city\u00a0and at the current rate it is estimated that a third of the city could be\u00a0submerged by 2050.<br><br>The main reason for this is\u00a0uncontrolled groundwater extraction, but the rising Java Sea due to\u00a0climate change\u00a0has increased this possibility.<br><br>Its air and\u00a0groundwater are highly polluted, it floods regularly and its streets are so congested that its estimated congestion costs the economy $4.5 billion a year.<br><br>In view of all these problems, President\u00a0Joko Widodo\u00a0has envisioned the construction of a new capital, so that the country can have a \u201csustainable city\u201d.<br><br><strong>About Indonesia<\/strong><br><br>It was earlier known as\u00a0Dutch East Indies (Netherland East Indies)\u00a0and it became Independent from the\u00a0Netherlands on 17 August 1945. It is the\u00a0world\u2019s largest archipelago\u00a0consisting of 17,500 islands.<br>Borneo island\u00a0of Indonesia is the\u00a0third largest island\u00a0in the world after\u00a0Greenland and New Guinea.<br>There are more than\u00a0100 active volcanoes\u00a0in the country and the most famous being Krakatoa and Mount Merapi. It has the world\u2019s\u00a0largest muslim population .<br><br>Capital :\u00a0Jakarta<br>Currency :\u00a0Rupiah<br>President :\u00a0Joko Widodo<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/new-initiative-called-beggar-free-city-launched-in-maharashtras-nagpur\/\" target=\"_blank\" rel=\"noreferrer noopener\">New initiative called \u2018Beggar Free City\u2019 launched in Maharashtra\u2019s Nagpur<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/03\/New-initiative-called-Beggar-Free-City-launched-in-Maharashtras-Nagpur.jpg\" alt=\"New initiative called 'Beggar Free City' launched in Maharashtra's Nagpur\"\/><\/figure>\n\n\n\n<p><strong>New initiative called \u2018Beggar Free City\u2019 launched in Maharashtra\u2019s Nagpur :<\/strong> In&nbsp;Maharashtra, a new initiative called \u2018Beggar Free City\u2019 was launched in&nbsp;Nagpur.<br><br><strong>News Overview<\/strong><br><br>Nagpur City Police Commissioner Amitesh Kumar&nbsp;said that a notice under&nbsp;144 CrPC has been issued in this regard. Notices were given to people, and chances are also not to be allowed in public places. It is a joint venture of the&nbsp;Nagpur City Police and the Social Welfare Department of the Nagpur Municipal Corporation (NMC).<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><br><br>Nagpur Municipal Corporation (NMC)&nbsp;has made special arrangements in its owned shelters to restrict homeless people. The civic bodies have also arranged a bus and an ambulance to shift the beggars caught in the police operation to their shelter homes.<br><br><strong>About Maharashtra<\/strong><br><br>Establishment \u2013&nbsp;1st May 1960<br>Official Language \u2013 &nbsp;Marathi<br>Neighbouring States \u2013&nbsp;Gujarat, Madhya Pradesh, Andhra Pradesh, Karnataka, Goa, Dadra And Nagar Haveli, Chhattisgarh.<br>Members of Parliament -Lok Sabaha 48 (Rajya Sabha seats 19)<br>Legislature \u2013&nbsp;Bicameral ( Assembly 289 and council 78 seats)<br>Literacy \u2013&nbsp;82.91%<br>Districts \u2013&nbsp;36<br>Major Rivers \u2013&nbsp;Tributaries of Tapti, Bhima, Godavari and Krishna<br>Capital \u2013&nbsp;Mumbai<br>Population \u2013&nbsp;11.23 crore (2011 census)<br>Governor \u2013&nbsp;Ramesh Bais<br>Chief Minister -Eknath Shinde<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Current Affairs\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0Daily Current Affairs 12&amp;13 March 2023, we have tried to cover each and every point and also included all important [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":131046,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5004],"tags":[1475],"class_list":["post-131043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-march-2023","tag-daily-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=131043"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131043\/revisions"}],"predecessor-version":[{"id":131045,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131043\/revisions\/131045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/131046"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=131043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=131043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=131043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}