Daily Current Affairs 26th March 2023 For All Government Examinations

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Cabinet approves 4% hike of Dearness Allowance to Central Government employees

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to release an additional instalment of Dearness Allowance to Central Governments employees and Dearness Relief to Pensioners with effect from 01.01.2023. The additional instalment will represent an increase of 4% over the existing rate of 38% of the Basic Pay/Pension, to compensate against price rise.

Key Highlights

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,815.60 crore per annum.

This will benefit about 47.58 lakh Central Governments employees and 69.76 lakh pensioners. This increase is in accordance with the accepted formula which is based on the recommendations of the 7th Central Pay Commission.

Union Cabinet extends subsidy of 200 rupees per cylinder for 12 refills annually for Ujjwala Yojana

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved a subsidy of Rs.200 per 14.2 kg cylinder for up to 12 refills per year to be provided to the beneficiaries of Pradhan Mantri Ujjwala Yojana(PMUY). As on 1st March 2023 there are 9.59 crore PMUY beneficiaries.

Key Highlights

The total expenditure will be Rs.6,100 crore for financial year 2022-23 and Rs.7,680 crore for 2023-24. The subsidy is credited directly to bank accounts of the eligible beneficiaries. Public Sector Oil Marketing Companies namely Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd. (BPCL) and Hindustan Petroleum Corporation Ltd. (HPCL) has already been providing this subsidy since 22nd May, 2022.

Cabinet approves MSP for Raw Jute at 5,050 rupees per quintal for 2023-24

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the Minimum Support Price (MSP) for Raw Jute for 2023-24 season. The approval is based on recommendations of the Commission for Agricultural Costs and Prices (CACP).

The MSP of Raw Jute (TD-3 equivalent to earlier TD-5 grade) has been fixed at Rs.5050/- per quintal for 2023-24 season. This would ensure a return of 63.20 percent over the all India weighted average cost of production. The announced MSP of raw jute for 2023-24 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the Government in the Budget 2018-19.

2nd Environment & Climate Sustainability Working Group meeting to be held in Gujarat from 27th March

The second Environment and Climate Sustainability Working Group meeting under India's G20 presidency will be held at Gandhinagar in Gujarat from 27th March 2023.

The three-day meeting is being hosted by the Ministry of Environment, Forest and Climate Change in collaboration with the Ministry of Jal Shakti.

Intel co-founder and creator of Moore's Law, Gordon Moore passes away at 94

Intel co-founder and creator of Moore's Law, Gordon Moore passed away in Hawaii. He was 94. Gordon Moore was the driving force behind the development of modern computing devices.

Moore began working on semiconductors in the 1950s and co-founded the Intel Corporation in 1968 which grew into the world’s largest semiconductor maker at one point.

Envoys of five nations present credentials to President Droupadi Murmu

The President of India, Smt Droupadi Murmu accepted credentials from the Ambassador/High Commissioner of Hungary, Mauritius, Kyrgyz Republic, Portugal and Mauritania at a ceremony held at Rashtrapati Bhavan.

Those who presented their credentials were

Istvan Szabo, Ambassador of Hungary
Haymandoyal Dillum, High Commissioner of the Republic of Mauritius
Askar Beshimov, Ambassador of the Kyrgyz Republic
Joao Manuel Mendes Ribeiro de Almeida, Ambassador of Portugal
Mohammed Ahmed Salem Mohammed Rara, Ambassador of the Islamic Republic of Mauritania

PM Modi inaugurates Whitefield (Kadugodi) to Krishnarajapura Metro Line in Bangalore

The Prime Minister Narendra Modi inaugurated the Whitefield (Kadugodi) to Krishnarajapura Metro Line of Bangalore Metro today. He also took a ride in the newly inaugurated metro.

Background

In line with this, the 13.71 km stretch from Whitefield (Kadugodi) Metro to Krishnarajapura Metro Line of Reach-1 extension project under Bangalore Metro Phase 2 was inaugurated by the Prime Minister at Whitefield (Kadugodi) Metro Station. Built at a cost of around Rs 4250 crores, the inauguration of this metro line will provide a clean, safe, rapid and comfortable travel facility to commuters in Bengaluru, enhancing the ease of mobility and reducing traffic congestion in the city.

PM Modi inaugurates Sri Madhusudan Sai Institute of Medical Sciences and Research

Prime Minister Narendra Modi inaugurated Sri Madhusudan Sai Institute of Medical Sciences and Research at Chikkaballapur, Karnataka. SMSIMSR will provide medical education and quality medical care - completely free of cost - to all. The institute will start functioning in the academic year 2023.

Background

Sri Madhusudan Sai Institute of Medical Sciences and Research (SMSIMSR) was established by Sri Sathya Sai University for Human Excellence at Sathya Sai Grama, Muddenahalli, Chikkaballapur. Situated in a rural area and established with a vision of de-commercialising medical education and healthcare, SMSIMSR will provide medical education and quality medical care - completely free of cost - to all. The institute will start functioning in the academic year 2023.

ISSF World Cup 2023: Rudrankksh Balasaheb Patil wins bronze medal in 10m Air Rifle event

Rudranksh Patil won a bronze medal in the 10m Air Rifle event by scoring 262.2 points in the 8th ISSF World Cup Shooting Championship at Bhopal in Madhya Pradesh. India finished second with a total of five medals, one gold, one silver and three bronze.

WPL 2023: Mumbai Indians beat UP Warriorz by 72 runs to enter the final

In Women's Premier League Cricket, Mumbai Indians enter the final defeating UP Warriorz by 72 runs in the eliminator round at the Dr DY Patil Sports Academy, Navi Mumbai.

Mumbai Indians will face Delhi Capitals in the final match of Women's Premier League on 26th of March 2023, Sunday.

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Daily Current Affairs 26th March 2023 For All Government Examinations