{"id":131576,"date":"2023-03-24T13:10:13","date_gmt":"2023-03-24T07:40:13","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=131576"},"modified":"2023-03-24T13:10:27","modified_gmt":"2023-03-24T07:40:27","slug":"24-march-2023-current-affairs-the-days-top-news","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/24-march-2023-current-affairs-the-days-top-news\/","title":{"rendered":"24 March 2023 Current Affairs \u2013 The Day\u2019s Top News | GKSERIES"},"content":{"rendered":"\n<p><strong>Current Affairs<\/strong>&nbsp;is 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,&nbsp;<strong>Daily Current Affairs 24 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&nbsp;<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>24 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>24 March 2023<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/will-svb-collapse-impact-the-indian-talent-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">Will SVB collapse impact the Indian talent market?<\/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\/Will-SVB-collapse-impact-the-Indian-talent-market.jpg\" alt=\"Will SVB collapse impact the Indian talent market?\"\/><\/figure>\n\n\n\n<p><strong>Will SVB collapse impact the Indian talent market?\u2013<\/strong> The recent failure of Silicon Valley Bank (SVB) has created uncertainty in the talent market for Indian startups that had approximately $1 billion in deposits with the lender. SVB was shut down by regulators on March 10 due to a run on the bank, despite having $209 billion in assets at the end of 2022.<\/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>SVB collapse and Indian talent market:<\/strong><\/p>\n\n\n\n<p>However, HR and staffing firms are optimistic about the Indian economy and believe that the SVB crisis will not have a significant impact on the talent market.<\/p>\n\n\n\n<p>While there may be some imbalance as a result of factors such as a slowdown, experts believe that the SVB collapse will have no effect on the talent market. Data from staffing company Xpheno shows that tech startup demand for talent dropped to one-third of its usual volume during the second half of 2022 and has remained below 20,000, leading to a slower pace of hiring.<\/p>\n\n\n\n<p><strong>Reduction in liquidity for Startups:<\/strong><\/p>\n\n\n\n<p>Startups that had built their reserves and deposits at SVB are likely to be impacted by the bank\u2019s demise, and efforts are being made to secure and recover their reserves. For these startups, the main inconvenience will be a reduction in liquidity and delays in accessing funds.<\/p>\n\n\n\n<p>However, they have a means of resolving the situation and are unlikely to resort to layoffs. They may need to exercise short-term austerity measures to navigate through this period.<\/p>\n\n\n\n<p><strong>A short-term disruption:<\/strong><\/p>\n\n\n\n<p>AR Ramesh, the director of managed services and professional staffing at Adecco India, stated that while the performance of specific banks and financial institutions may have some impact on the technology and startup sectors, it is unlikely to be the primary factor influencing the demand for talent.<\/p>\n\n\n\n<p>According to him, this will be a short-term problem because Indian businesses, particularly startups, play an important role in the global technology industry, and there is still a high demand for talent in these fields.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/world-tuberculosis-day-2023-observed-on-24-march\/\" target=\"_blank\" rel=\"noreferrer noopener\">World Tuberculosis Day 2023 observed on 24 March<\/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\/World-Tuberculosis-Day-2023-observed-on-24-March.jpg\" alt=\"World Tuberculosis Day 2023 observed on 24 March\"\/><\/figure>\n\n\n\n<p><strong>World Tuberculosis Day 2023:<\/strong> Every year on March 24th, World Tuberculosis Day is observed to raise awareness about the global tuberculosis (TB) epidemic and efforts to eradicate the disease. The World Health Organization (WHO) aims to end the TB epidemic by 2030. The organization works with governments, non-governmental organizations, and other partners to increase access to TB prevention, diagnosis, and treatment, and to develop new tools and strategies for TB control. On World Tuberculosis Day, organisations and individuals all over the world hold events and activities to raise awareness about tuberculosis, its causes, symptoms, and treatment, as well as to promote efforts to eradicate the disease. The day provides an opportunity for people to come together and take action to help end the TB epidemic.<\/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>World Tuberculosis Day 2023: Theme<\/strong><\/p>\n\n\n\n<p>The theme for this year\u2019s World Tuberculosis Day is \u201cYes! We can end TB!\u201d and it focuses on urging leaders from around the world to take action to stop the TB epidemic. The theme highlights the significance of various factors, including increased funding, prompt action, collaboration among different sectors, swift implementation of new WHO guidelines, and innovative approaches to eliminate tuberculosis.<\/p>\n\n\n\n<p><strong>World Tuberculosis Day 2023: History<\/strong><\/p>\n\n\n\n<p>Since 1982, March 24th has been observed as World Tuberculosis Day, commemorating the date in 1882 when Dr. Robert Koch announced his discovery of the tuberculosis (TB) bacterium. Koch\u2019s discovery paved the way for diagnosing and treating TB, which had been a major cause of illness and death in Europe at the time.<\/p>\n\n\n\n<p>In 1982, the International Union Against Tuberculosis and Lung Disease (IUATLD) and the World Health Organization (WHO) established World TB Day to raise public awareness about the global epidemic of TB and the efforts needed to control and eliminate the disease.<\/p>\n\n\n\n<p>Since then, World TB Day has been observed every year, with a different theme to highlight a specific aspect of TB prevention, diagnosis, treatment, and care. The day allows organisations and individuals all over the world to come together to raise awareness about tuberculosis and advocate for increased funding, research, and action to eradicate the disease.<\/p>\n\n\n\n<p><strong>What is Tuberculosis (TB)?<\/strong><\/p>\n\n\n\n<p>Tuberculosis (TB) is a bacterial infection caused by the Mycobacterium tuberculosis bacteria. It most commonly affects the lungs but can also affect other parts of the body, such as the kidneys, spine, and brain. When an infected person coughs, sneezes, or talks, the bacteria are inhaled by another person. Symptoms of TB include persistent coughing, chest pain, fatigue, weight loss, fever, and night sweats. However, not everyone with TB experiences symptoms, and some people may not develop symptoms until the disease is advanced.<\/p>\n\n\n\n<p>TB can be treated with antibiotics, but the treatment can take several months, and it requires a combination of drugs. Treatment is essential to cure the disease, prevent the spread of TB to others, and prevent drug-resistant TB from developing. TB is a significant global health concern, with millions of new cases and deaths each year, particularly in low- and middle-income countries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/ashneer-grover-launched-cricket-fantasy-sports-app-crickpe\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ashneer Grover launched cricket fantasy sports app \u2018CrickPe\u2019<\/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\/Ashneer-Grover-launched-cricket-fantasy-sports-app-\u2018CrickPe.jpg\" alt=\"Ashneer Grover launched cricket fantasy sports app \u2018CrickPe\u2019\"\/><\/figure>\n\n\n\n<p><strong>Ashneer Grover launched cricket fantasy sports app \u2018CrickPe\u2019:<\/strong> Before the Indian Premier League (IPL) tournament, Ashneer Grover, co-founder of BharatPe, has launched CrickPe, a new cricket-focused fantasy sports app. This app will compete with Dream11, the Mobile Premier League (MPL), and Games24x7\u2019s My11Circle. Third Unicorn Pvt Ltd, founded by Ashneer Grover, has raised $4 million in seed funding from more than two dozen angel investors, including Anmol Singh Jaggi, Anirudh Kedia, and Vishal Kedia. Grover was previously associated with the unicorns BharatPe and Grofers. The app\u2019s launch is timed to coincide with the upcoming IPL tournament, and users will be able to enter contests for IPL matches beginning March 31, 2023.<\/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>Features of CrickPe<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CrickPe is a newly launched cricket-focused fantasy sports app that allows users over the age of 18 to create virtual cricket teams and compete for cash prizes based on real-life player performance.<\/li>\n\n\n\n<li>Users can also create private groups and compete in contests to earn rewards. The app will charge a 10% platform fee for any public or private contest. It will offer free contests for users to improve their skills.<\/li>\n\n\n\n<li>The platform includes a one-of-a-kind feature that allows users to send cash rewards to their favourite cricketers in amounts ranging from Rs 100 to Rs 100,000 per cricketer per fiscal year.<\/li>\n\n\n\n<li>CrickPe will charge a 10% fee for transactions of cash rewards accepted by cricketers starting from June 2023. However, the app is not acting as an agent of cricketers and is solely offering the feature as a user agent.<\/li>\n<\/ul>\n\n\n\n<p><strong>&nbsp;About the Ashneer Grover<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ashneer Grover is an Indian entrepreneur and co-founder of several successful startups. He was born in 1982 in Delhi, India, and completed his MBA from the Indian School of Business in Hyderabad.<\/li>\n\n\n\n<li>Grover began his career as a management consultant with A.T. Kearney in 2005. Later in his career, he served as Chief Financial Officer (CFO) for companies such as GreenDust and Bharti AXA Life Insurance.<\/li>\n\n\n\n<li>In 2018, Grover co-founded BharatPe, a financial technology company that provides payment solutions to merchants in India. The company has since become one of the fastest-growing fintech startups in India and achieved unicorn status in 2020, valued at over $1 billion.<\/li>\n\n\n\n<li>Grover was also associated with Grofers, an Indian online grocery delivery service, as its CFO before co-founding BharatPe.<\/li>\n\n\n\n<li>In 2022, Grover launched his third venture, Third Unicorn Pvt Ltd, which has developed a cricket-focused fantasy sports app called CrickPe.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/egypt-joins-brics-bank-as-new-member-weeks-after-president-sisis-india-visit\/\" target=\"_blank\" rel=\"noreferrer noopener\">Egypt joins BRICS bank as new member weeks after President Sisi\u2019s India visit<\/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\/Egypt-joins-BRICS-bank-as-new-member-weeks-after-President-Sisis-India-visit.jpg\" alt=\"Egypt joins BRICS bank as new member weeks after President Sisi\u2019s India visit\"\/><\/figure>\n\n\n\n<p><strong>Egypt joins BRICS bank as new member weeks after President Sisi\u2019s India visit:<\/strong> Egypt has joined the BRICS New Development Bank after President Abdel-Fattah El-Sisi visited India as the chief guest for the Republic Day celebrations.<\/p>\n\n\n\n<p><strong>Egypt and BRICS New Development Bank (NDB):<\/strong><\/p>\n\n\n\n<p>Egypt officially joined the NDB on February 20, according to sources familiar with the matter, with a formal notification issued on March 22. The African-Arab nation intends to enhance its infrastructure, and NDB funding can make a significant contribution toward achieving this goal.<\/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>President El-Sisi\u2019s visit to India and BRICS Bank:<\/strong><\/p>\n\n\n\n<p>The Egyptian Parliament approved the agreement that allowed Egypt to join the NDB following President El-visit Sisi\u2019s to India for the Republic Day celebrations. The lawmakers welcomed the move, recognizing it as a means of reducing the need for US dollars.<\/p>\n\n\n\n<p>The upcoming BRICS Summit, scheduled to be hosted by South Africa in August, is anticipated to promote intra-BRICS trade using national currencies, allowing member nations to safeguard their foreign exchange reserves.<\/p>\n\n\n\n<p><strong>About BRICS New Development Bank (NDB):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a multilateral development bank jointly founded by the BRICS countries(Brazil, Russia, India, China and South Africa) at the 6th BRICS Summit in Fortaleza, Brazil in 2014.<\/li>\n\n\n\n<li>It was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology.<\/li>\n\n\n\n<li>It is headquartered at Shanghai, China.<\/li>\n\n\n\n<li>In 2018, the NDB was granted observer status in the United Nations General Assembly, laying the groundwork for active and fruitful collaboration with the UN. Bangladesh, the United Arab Emirates, and Uruguay joined the NDB in September 2021. Egypt was welcomed as a new member of the NDB in December 2021.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/jack-dorseys-wealth-tumbles-526-million-after-hindenburg-short\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jack Dorsey\u2019s wealth tumbles $526 million after Hindenburg short<\/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\/Jack-Dorseys-wealth-tumbles-526-million-after-Hindenburg-short.jpg\" alt=\"Jack Dorsey\u2019s wealth tumbles $526 million after Hindenburg short\"\/><\/figure>\n\n\n\n<p><strong>Jack Dorsey\u2019s wealth tumbles $526 million after Hindenburg short:<\/strong> The recent report by Hindenburg Research accusing Block Inc. of ignoring widespread fraud has had a significant impact on co-founder Jack Dorsey\u2019s net worth. His fortune dropped 11% in a single day, totaling $526 million, the most significant single-day drop since May. According to the Bloomberg Billionaires Index, Dorsey\u2019s net worth now stands at $4.4 billion.<\/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>Hindenburg report and Jack Dorsey\u2019s Wealth:<\/strong><\/p>\n\n\n\n<p>Hindenburg published a report accusing Block of inflating user metrics and predicting a downside of 65% to 75% for the stock based on fundamentals alone. Although Block denied the allegations and intends to pursue legal action against the short-seller, the company\u2019s shares dropped by as much as 22% before ultimately closing down 15%.<\/p>\n\n\n\n<p>The majority of Jack Dorsey\u2019s personal wealth is invested in Block, which he co-founded with Twitter. &nbsp;According to the Bloomberg wealth index, his stake in Block is valued at $3 billion, while his position in Elon Musk\u2019s social media firm is estimated at $388 million.<\/p>\n\n\n\n<p><strong>History of Hindenburg Reports:<\/strong><\/p>\n\n\n\n<p>Hindenburg Research, headed by Nathan Anderson, has previously targeted billionaires and caused their wealth to plummet.<\/p>\n\n\n\n<p>Earlier this year, the firm conducted an investigation into Indian businessman Gautam Adani and his companies, which resulted in their stocks plunging and causing Adani\u2019s net worth to decrease by tens of billions of dollars. With a fortune of $60.1 billion, Adani, who was previously the world\u2019s second-richest person, is now ranked 21st on Bloomberg\u2019s wealth index.<\/p>\n\n\n\n<p>In September 2020, Hindenburg also focused on electric carmaker Nikola Corp. The company\u2019s stock price dropped following the report, and an investigation ultimately resulted in the conviction of founder Trevor Milton for fraud in October of that year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/canara-bank-sells-stake-in-russian-joint-venture-to-sbi-for-rs-121-crore\/\" target=\"_blank\" rel=\"noreferrer noopener\">Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore<\/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\/Canara-Bank-sells-stake-in-Russian-joint-venture-to-SBI-for-Rs-121-crore.jpg\" alt=\"Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore\"\/><\/figure>\n\n\n\n<p><strong>Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore:<\/strong> Canara Bank has sold its stake in Commercial Indo Bank LLC (CIBL), a joint venture with State Bank of India (SBI), to SBI for approximately 121.29 crore. CIBL, which was established in 2003, operates in Russia and is owned 60% by SBI and 40% by Canara Bank. Canara Bank reports that the sale agreement was signed on November 11, 2022.<\/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 Canara Bank and SBI Deal:<\/strong><\/p>\n\n\n\n<p>Canara Bank has confirmed in a regulatory filing that it has received the full consideration amount of 121.29 crore for the sale of its stake in Commercial Indo Bank LLC to SBI. The agreement for the sale of Canara Bank\u2019s stake to SBI was announced in January of this year and the entire transfer of shares was completed on November 11, 2022, as per the agreement.<\/p>\n\n\n\n<p><strong>About the Canara bank:<\/strong><\/p>\n\n\n\n<p>Canara Bank is an Indian public sector bank under the control and ownership of Ministry of Finance, Government of India. Ammembal Subba Rao Pai founded the bank in Mangalore in 1906, and it now has offices in London, Dubai, and New York.<\/p>\n\n\n\n<p><strong>Important takeaways for all competitive exams:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Canara Bank Headquarters: Bengaluru;<\/li>\n\n\n\n<li>Canara Bank Founder: Ammembal Subba Rao Pai;<\/li>\n\n\n\n<li>Canara Bank Was Founded On: 1 July 1906<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/google-doodle-celebrates-77th-birth-anniversary-of-late-kitty-oneil\/\" target=\"_blank\" rel=\"noreferrer noopener\">Google Doodle celebrates 77th birth anniversary of late Kitty O\u2019Neil<\/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\/Google-Doodle-celebrates-77th-birth-anniversary-of-late-Kitty-ONeil.jpg\" alt=\"Google Doodle celebrates 77th birth anniversary of late Kitty O\u2019Neil\"\/><\/figure>\n\n\n\n<p><strong>77th birth anniversary of late Kitty O\u2019Neil:<\/strong> Kitty O\u2019Neil, a famous American stuntwoman and actress who was deaf from a young age, was honoured by Google with a doodle depicting her in a yellow jumpsuit on her 77th birthday anniversary. She went on to become one of Hollywood\u2019s most famous stunt drivers. Google celebrated Kitty O\u2019Neil\u2019s 77th birth anniversary with a doodle that depicted her in a yellow jumpsuit. Despite being deaf since childhood, she rose to prominence in Hollywood as a stunt driver and held the women\u2019s absolute land speed record until 2019.<\/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>About the Kitty O\u2019Neil:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Kitty O\u2019Neil was a stuntwoman and actor from Texas who was born in 1946. She became deaf at a young age due to contracting multiple diseases. Despite this, she went on to become one of Hollywood\u2019s most well-known stunt drivers and performers, serving as a stunt double in a number of films and television shows.<\/li>\n\n\n\n<li>In 1976, O\u2019Neil set the women\u2019s absolute land speed record while driving a three-wheeled hydrogen peroxide rocket car at an average speed of 825.127 kmph and a top speed of 999 kmph. This earned her the title of the \u201cfastest woman in the world.\u201d She also set a women\u2019s high-fall record of 127 feet (39 m) while performing as a stunt double in the 1979 episode of the Wonder Woman TV series, which she would later break.<\/li>\n\n\n\n<li>O\u2019Neil died of pneumonia in 2018 at the age of 72. In 2019, she received the Oscars in Memoriam award. A biopic about her life, called Silent Victory: The Kitty O\u2019Neil Story, was released in 1979 and showcased her land speed record achievement.<\/li>\n\n\n\n<li><strong>A biopic named Silent Victory:<\/strong> The Kitty O\u2019Neil Story, was released in 1979, and she received the Oscars in Memoriam award in 2019. She died of pneumonia in 2018 at the age of 72.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/income-tax-dept-launches-mobile-app-ais-for-taxpayers\/\" target=\"_blank\" rel=\"noreferrer noopener\">Income tax dept launches mobile app AIS for Taxpayers<\/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\/Income-tax-dept-launches-mobile-app-AIS-for-Taxpayers.jpg\" alt=\"Income tax dept launches mobile app AIS for Taxpayers\"\/><\/figure>\n\n\n\n<p><strong>Income tax dept launches mobile app AIS for Taxpayers: <\/strong>On March 22, the Income Tax Department launched the \u201cAIS for Taxpayer\u201d mobile application, which allows taxpayers to view their tax-related information in the Annual Information Statement (AIS) or Taxpayer Information Summary (TIS). The app has become essential and beneficial since starting from the new financial year on April 1, Form 26AS will only show information related to tax deducted at source (TDS) and tax collection at source (TCS).<\/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 app \u201cAIS for Taxpayer\u201d:<\/strong><\/p>\n\n\n\n<p>Taxpayers need to refer to the AIS for various details, including installments of advance tax paid, self-assessment tax, income-tax refund, Statement of Financial Transactions (SFT), and turnover as per Goods and Service Tax (GST) return, among other things.<\/p>\n\n\n\n<p><strong>What is an Annual Information Statement(AIS)?:<\/strong><\/p>\n\n\n\n<p>Taxpayers can get a detailed summary of their information from Form 26AS by referring to the Annual Information Statement (AIS). The AIS not only provides a thorough overview of the taxpayer\u2019s information, but it also includes a feedback mechanism.<\/p>\n\n\n\n<p>Each section of the AIS includes reported and modified values based on the feedback received from taxpayers. The objectives of the AIS are to provide taxpayers with complete information and an opportunity to give online feedback, promote voluntary compliance, and enable easy prefilling of tax returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/lt-signs-agreement-with-france-based-mcphy-for-electrolyzer-manufacturing\/\" target=\"_blank\" rel=\"noreferrer noopener\">L&amp;T signs agreement with France-based McPhy for electrolyzer manufacturing<\/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\/LT-signs-agreement-with-France-based-McPhy-for-electrolyzer-manufacturing.jpg\" alt=\"L&amp;T signs agreement with France-based McPhy for electrolyzer manufacturing\"\/><\/figure>\n\n\n\n<p><strong>L&amp;T signs agreement with France-based McPhy for electrolyzer manufacturing<\/strong>: Larsen &amp; Toubro (L&amp;T), an Indian multinational specialising in EPC projects, high-tech manufacturing, and services, has entered into a binding agreement with McPhy Energy, a leading electrolyzer technology and manufacturing company based in France. The agreement establishes a long-term partnership between the two companies to explore opportunities in the emerging green hydrogen market. Specifically, L&amp;T and McPhy Energy will collaborate on electrolyzer manufacturing, which is a key technology for the production of green hydrogen.<\/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>Buy Prime Test Series for all Banking, SSC, Insurance &amp; other exams<\/strong><\/p>\n\n\n\n<p>As part of the partnership, McPhy Energy has granted L&amp;T an exclusive license to use its pressurized alkaline electrolyzer technology for manufacturing electrolyzers, including future upgrades. L&amp;T plans to establish a large-scale manufacturing facility in India for electrolyzers based on McPhy\u2019s technology. The facility will produce electrolyzers for both domestic and international markets. This partnership is in line with L&amp;T\u2019s strategy to expand its presence in the green energy value chain and supports McPhy\u2019s goal of expanding beyond Europe. According to estimates, India\u2019s green hydrogen production capacity is expected to increase to at least 5 MMTPA by 2030, which will require investments of more than $100 billion.<\/p>\n\n\n\n<p><strong>Important takeaways for all competitive exams:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Larsen &amp; Toubro (L&amp;T) CEO: S N Subrahmanyan (Jul 2017\u2013);<\/li>\n\n\n\n<li>Larsen &amp; Toubro (L&amp;T) Founded: 7 February 1946, Mumbai;<\/li>\n\n\n\n<li>Larsen &amp; Toubro (L&amp;T) Headquarters: Mumbai<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/himanta-biswa-sarma-launches-mission-lifestyle-for-environmentlife-in-assam\/\" target=\"_blank\" rel=\"noreferrer noopener\">Himanta Biswa Sarma launches Mission Lifestyle for Environment(LiFE) in Assam<\/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\/Himanta-Biswa-Sarma-launches-Mission-Lifestyle-for-EnvironmentLiFE-in-Assam.jpg\" alt=\"Himanta Biswa Sarma launches Mission Lifestyle for Environment(LiFE) in Assam\"\/><\/figure>\n\n\n\n<p><strong>Himanta Biswa Sarma launches Mission Lifestyle for Environment(LiFE) in Assam: <\/strong>Himanta Biswa Sarma, the Chief Minister of Assam, launched the state\u2019s \u2018Mission Lifestyle for Environment\u2019 (LiFE), a global mass movement led by Prime Minister Narendra Modi. Sarma stated that the initiative aims to encourage an environmentally conscious lifestyle, with a focus on utilizing resources rather than engaging in wasteful consumption.<\/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 Mission Lifestyle for Environment (LiFE) initiative:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Various week-long activities will be held across all districts in Assam as part of the Mission Lifestyle for Environment (LiFE) initiative. These activities will target seven identified categories, including energy and water conservation, reducing plastic and e-waste, and promoting healthy lifestyles, according to Sarma.<\/li>\n\n\n\n<li>He emphasised that human actions against nature have resulted in a slew of issues for humans, plants, and animals.<\/li>\n\n\n\n<li>Due to deforestation, loss of wetlands, and other natural bodies, seasonal changes have become unpredictable, and research suggests that North East India will suffer severe consequences of climate change.<\/li>\n\n\n\n<li>To promote a healthy environment, the state government has cleared over 6,000 acres of land by removing encroachments over the past two years, as stated by the Chief Minister.<\/li>\n<\/ul>\n\n\n\n<p><strong>What is Mission LiFE:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India\u2019s Mission LiFe is a global initiative that aims to aid the world in combatting climate change and promote a sustainable way of life to attain the United Nations\u2019 set sustainable development goals.<\/li>\n\n\n\n<li>India introduced the concept of LiFE during the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow in 2021 to promote an environmentally conscious lifestyle that emphasises \u201cmindful and deliberate utilisation\u201d instead of \u201cmindless and wasteful consumption\u201d.<\/li>\n\n\n\n<li>On June 5th, 2022, India launched the LiFE Global Movement, calling on academics, researchers, and startups around the world to devise specific and scientific ways to harness the full potential of collective action to address the environmental crisis. The Mission is founded on the P3 model, which stands for Pro Planet People, and emphasises a \u201cLifestyle of the planet, for the planet, and by the planet.\u201d<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Current Affairs&nbsp;is 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,&nbsp;Daily Current Affairs 24 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":131578,"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-131576","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\/131576","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=131576"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131576\/revisions"}],"predecessor-version":[{"id":131579,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131576\/revisions\/131579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/131578"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=131576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=131576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=131576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}