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One Liners of the Day, 9 March 2022

National

  • The Banks Board Bureau (BBB) has initiated a development programme for public sector bank management to boost the quality of bank boards. According to the Banks Board Bureau, the nine-month Directors' Development Programme (DDP) is created for directors of public sector banks and financial institutions to increase director effectiveness and impact on boards.
  • Bhupender Yadav, Union Labour and Employment Minister, inaugurated the 'Donate-a-Pension' campaign under the Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) plan from his residence on March 07, 2022, and donated the money to his gardener.
  • The India Global Forum (IGF) annual summit is being held in Bengaluru, Karnataka. Along with Union ministers, policymakers, and global business executives, the event will bring together eminent faces of tech-driven disruption and those who have entered the unicorn club. The previous versions of the summit were held in Dubai and the United Kingdom.
  • According to Reliance Industries Ltd (RIL), the Jio World Centre will be India's most prominent multi-faceted attraction. Nita Ambani, Director of Reliance Industries and Founder-Chairperson of Reliance Foundation, envisioned the Centre, spanning 18.5 acres in Mumbai's Bandra Kurla Complex.
  • The Ministry of Micro, Small and Medium Enterprises (MSME) has launched the "SAMARTH" Special Entrepreneurship Promotion Drive for Women.
  • Shri Ashwini Vaishnaw, Union Minister of Railways, Communication, Electronics and Information Technology, evaluated the testing of the 'Kavach' working system between Gullaguda and Chitgidda Railway stations. As part of Prime Minister Narendra Modi's Atmanirbhar Bharat, 2,000 kilometres of railway network will be brought under Kavach for safety and capacity enhancement in 2022-23.
  • Paytm, a digital payments startup has expanded its relationship with the Indian Railway Catering and Tourism Corporation (IRCTC) to deliver digital ticketing services to customers via Automatic Ticket Vending Machines (ATVM) installed at railway stations across the country.
  • Minister of Commerce and Industry Piyush Goyal spoke at the "ONLY ONE EARTH - A Discussion on Environment" Special Interactive Session. The India Pavilion and the Bhamla Foundation hosted Expo 2020 in Dubai. Climateprenurship is a type of social entrepreneurship aimed at combating global warming.
  • The government has approved a financial allocation of Rs 3,274.87 crore for the continuance of the Swatantrata Sainik Samman Yojana (SSSY) and its components for the financial years 2021-22 to 2025-26.
  • The Deendayal Antyodaya Yojana – National Rural Livelihoods Mission has the Start-up Village Entrepreneurship Program (DAY-NRLM) sub-scheme.

International

  • The Financial Action Task Force (FATF), a worldwide money laundering and terrorism financing watchdog, has retained Pakistan and added the United Arab Emirates (UAE) to its grey watchlist.
  • The UN Environment Programme hosted the United Nations Environment Assembly.  It invites delegates from UN nations together to discuss environmental issues. "Strengthening Actions for Nature to Achieve the Sustainable Development Goals" was the theme of UNEA-5. 
  • The two-day Study in India (SII) 2022 summit was launched in Dhaka, Bangladesh. Dr Dipu Moni, Bangladesh's Education Minister, and Vikram Doraiswami, India's High Commissioner to Bangladesh, opened the event organised by the High Commission of India.
  • The 2022 Mobile World Congress (MWC) was held in Barcelona, Spain, from February 28 to March 3. The Global System organised it for Mobile Communications Association (GSMA).
  • The Election Commission of India (ECI) sponsored the virtual International Election Visitors Programme (IEVP) 2022 for Election Management Bodies (EMBs) from roughly 32 nations and four international organisations.
  • The four-day Indo-Pacific Military Health Exchange (IPMHE) conference was virtually started on March 7, 2022, by Defence Minister Rajnath Singh. The US Indo-Pacific Command (USINDOPACOM) and the Armed Forces Medical Services are co-hosting this event (AFMS).
  • American card network operators Mastercard, Visa, and American Express have banned their services in Russia due to US sanctions imposed on Moscow due to the ongoing Ukraine issue.
  • North Korea conducted another test for surveillance satellite systems a day after regional military agencies confirmed the country's second ballistic missile launch in a week.

State

  • Microsoft has announced that it will establish its fourth data centre in India in Hyderabad, Telangana. The Hyderabad Data Centre will be one of India's largest data centres when it opens in 2025.
  • The Ministry of Statistics and Programme Implementation named Telangana the best-performing state in India with a population of over one crore in terms of the growth rate of Per Capita Net State Domestic Product at Current Prices (MoSPI). Other states such as Maharashtra, Karnataka, and Tamil Nadu were defeated.
  • The government of Telangana and the National Stock Exchange of India have inked an MoU to help micro, small, and medium companies (MSME) access finance through the NSE Emerge platform.

Banking

  • Axis Bank and Bharti Airtel have formed a strategic relationship to support the expansion of India's digital ecosystem by providing a variety of financial services. Axis Bank will offer credit and other digital financial services to Airtel's 340 million+ clients due to the relationship.
  • Future Generali India Insurance Company Limited (FGII) has launched FG Dog Health Cover, comprehensive health insurance for pet dogs, including an industry-first 'Emergency Pet Minding' cover.

Important day

  • On March 8, the world commemorates International Women's Day (IWD). The day honours women's social, economic, cultural, and political accomplishments. The celebration honours women's accomplishments, raises awareness about gender equality, and advocates for gender parity to be achieved sooner rather than later. "Gender equality today for a sustainable tomorrow" is the 2022 International Women's Day theme.

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