Paytm cuts Ties with Payments Bank Arm 

On March 1, fintech leader Paytm announced steps to sever certain operating agreements between its parent entity One97 Communications and the group’s payments bank arm Paytm Payments Bank (PPBL). As part of governance changes, the two firms will function with ..

Month: Current Affairs - March, 2024

Category: Economy & Banking Current Affairs

India Signs Defence Deals with HAL, L&T and BrahMos

On February 2th, 2023 the Defence Ministry inked five capital acquisition agreements amounting to ₹39,125 crore with domestic manufacturers towards procurement of critical systems for the Army, Navy and Air Force. The contracts were exchanged at a ceremony attended by ..

Month: Current Affairs - March, 2024

Category: Defence Current Affairs

International Big Cat Alliance

On March 1, 2024, India’s Environment Ministry secured Cabinet approval to institute an International Big Cat Alliance (IBCA) headquartered in New Delhi. The intergovernmental coalition mimics the International Solar Alliance model pioneered by India for boosting global tiger conservation efforts. ..

Month: Current Affairs - March, 2024

Category: Environment Current Affairs

India to Fund $11M Renewable Energy Project in Sri Lanka

On March 2rd, India inked an $11 million grant project with Sri Lanka and a private partner to install hybrid renewable energy infrastructure across three islands off Jaffna peninsula in northern Sri Lanka. The initiative is the third India-backed energy ..

Month: Current Affairs - March, 2024

Category: India Nation & States Current Affairs

India’s February GST Revenue Rises 12.5%

On March 2nd, official data revealed India’s Goods and Services Tax (GST) gross revenue collection for February 2023 rose sharply by 12.54% year-on-year to cross ₹1.68 lakh crore. This marks both – the third highest monthly receipts from the indirect ..

Month: Current Affairs - March, 2024

Category: Economy & Banking Current Affairs

India Replaces Maldives Troops with Technical Teams

On March 2nd, India’s Ministry of External Affairs confirmed that the first batch of Indian technical personnel has arrived in Maldives to take over operating duties of some military staff deployed in the island nation. The move follows recent discussions ..

Month: Current Affairs - March, 2024

Category: India Nation & States Current Affairs

Alexander Stubb Assumes Finnish Presidency

On March 3rd, 2023 Alexander Stubb was sworn in as the President of Finland, taking over from longtime former President Sauli Niinistö who served 16 years at the helm. The leadership transition comes at a pivotal juncture after Finland shed ..

Month: Current Affairs - March, 2024

Category: International / World Current Affairs

WTO MC13 Ends With Limited Outcomes

After five days of negotiations between trade ministers from 164 member countries, the 13th WTO Ministerial Conference (MC13) concluded on March 1, 2024 without tangible progress on various contested issues. However, a temporary truce was agreed upon regarding e-commerce duties. ..

Month: Current Affairs - March, 2024

Category: Summits and Conferences