Read : Current Affairs: 12th March, 2021

Posted on :- 2021-03-14 19:07:23
Source :- The Hindu Newspaper


Current affairs (12TH march)



















  • The Union Cabinet has approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN), as a single non-lapsable reserve fund.


  • This has been approved for the share of Health from proceeds of Health and Education Cess which is levied under the Section 136-b of Finance Act, 2007.


  • This is a non-lapsable reserve fund for the Health in the Public Account. This fund will comprise of the proceeds from the share of health in the Health and Education Cess.


  • This revenue in the fund will be used for the flagship schemes of the Health Ministry including the National Health Mission, Ayushman Bharat – Health and Wellness Centres, Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana and for the emergency & disaster preparedness and responses in cases of health emergencies.



  • The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecard”.


  • In the list, the State Bank of India (SBI) has topped for the third consecutive months. The digital payment scorecard tracks the performance of the Commercial Banks on several digital parameters.


  • SBI maintained the top remitter bank by recording the highest UPI transaction volume which accounted for nearly Rupees 640 million.


  • SBI has also emerged as the largest issuer of debit cards. It issued over 290 million debit cards with a 30% market share with respect to card spends and 29% share with respect to transaction volume.


  • Bank has also made steady progress with respect to increasing payment acceptance infrastructure.


  • SBI Chairperson: Dinesh Kumar Khara.
  • SBI Headquarters:
  • SBI Founded: 1 July 1955.



  • The Union Cabinet has given its nod for amendments in the Insurance Act, paving way for 74 per cent foreign direct investment in the sector.


  • Currently, the permissible FDI limit in life and general insurance stands at 49 per cent with ownership and management control with Indian.


  • According to sources, the Cabinet in its meeting has approval for amendments in the Insurance Act, 1938. It was in 2015 when the government hiked the FDI cap in the insurance sector from 26 per cent to 49 per cent.


  • The majority of directors on the board and key management persons would be resident Indians, with at least 50 per cent of directors being independent directors, and a specified percentage of profits being retained as a general reserve.


  • An increase in FDI will help improve life insurance penetration in the country. Life insurance premium as a percentage of GDP is 3.6 per cent in the country, way below the global average of 7.13 per cent, and in the case of general insurance, it is even worse at 94 per cent of GDP, as against the world average of 2.88 per cent.


  • The government has earlier allowed 100 per cent foreign direct investment in insurance intermediaries.




  • World Kidney Day is observed globally on the second Thursday of March every year. This year World Kidney Day is observed on 11th March 2021.


  • The theme of the 2021 World Kidney day is “Living Well with Kidney Disease”. World Kidney Day is a global campaign aimed at raising awareness of the importance of our kidneys.


  • World Kidney Day aims to raise awareness of the importance of our kidneys to our overall health and to reduce the frequency and impact of kidney disease and its associated health problems worldwide.


  • Raise awareness about our “amazing kidneys” Highlight that diabetes and high blood pressure are key risk factors for Chronic Kidney Disease (CKD).


  • Encourage systematic screening of all patients with diabetes and hypertension for CKD. Encourage preventive behaviours. Educate all medical professionals about their key role in detecting and reducing the risk of CKD, particularly in high-risk populations.


  • Stress the important role of local and national health authorities in controlling the CKD epidemic. On World Kidney Day all governments are encouraged to take action and invest in further kidney screening.


  • Encourage Transplantation as a best-outcome option for kidney failure, and the act of organ donation as a life-saving initiative.



  • The Japanese scientific research institute called RIKEN and Fujitsu started developing the “Fugaku” six years ago. It is the world’s most powerful supercomputers.


  • Fugaku has been named after an alternative name for Mount Fuji. Now, this supercomputer is fully ready and developed in Japan and is now available for research use.


  • This supercomputer has been developed with the aim of making the device core of the computing infrastructure of Japan.


  • Then the supercomputer was tested for the particular projects in order to combat the COVID-19 pandemic in April 2020.


  • Now the Fugaku is fully open and available for shared use. The Research Organization for the Information Science and Technology (RIST) of Japan has selected some 74 projects which will use this supercomputer in the financial year 2021.


  • RIST has also proposed for the development of the new projects in several categories and has invited the researchers who are interested to apply for the same.


  • It is a key national technology that has been developed with the goal to achieve research results that ultimately will help in building a long-lived and healthy society, better energy use and disaster mitigation.


  • It also aims to establish the government’s vision of making “ultra-smart Society 5.0”. The supercomputer has topped the top500 list, which is a “Supercomputer benchmark index”, for the second year in line.


  • The computer comprises 100 times the application performance of the K supercomputer. It has been developed to implement high-resolution, large-scale and long-duration simulation.


  • It started development in the year 2014 as the successor to the K computer. It is built with the Fujitsu A64FX microprocessor.



  • Actor Deepika Padukone has joined the list of the Young Global Leaders (YGLs) compiled by the World Economic Forum.


  • The list also includes several Indian citizens and India-origin persons. They join a group of Nobel Prize recipients, Pulitzer winners, heads of state and chief executive officers committed to improving the state of the world.


  • Announcing its 2021 class of YGLs, the WEF said these are the world’s most promising 112 tomorrow’s leaders under the age of 40 and are involved in activities ranging from advocating public healthcare to campaigning for inclusivity in medical research.


  • The Forum of Young Global Leaders was founded in 2005 by Klaus Schwab, founder and executive chairman of the WEF, to create a world where leaders take responsibility for a sustainable future while meeting increasingly complex and interrelated challenges.


  • World Economic Forum Headquarters: Cologny, Switzerland.
  • World Economic Forum Founder: Klaus Schwab.
  • World Economic Forum Founded: January 1971.



  • Prime Minister Narendra Modi has flagged off the 91st anniversary of Dandi March on March 12 in Ahmedabad to celebrate the 75th anniversary of India’s Independence.


  • The Salt March, which took place from March to April 1930, was an act of civil disobedience led by Mahatma Gandhi to protest the British rule in the country.


  • The event is kicked off from Mahatma Gandhi’s Sabarmati Ashram and this event is also the part of the State government’s programme to mark “Azadi Ka Amrut Mahotsav.”


  • The Dandi March or Salt March as part of Mahatma Gandhi’s non-violent protest against the British monopoly on the production of salt.


  • Led by Gandhi, 78 people started the 24-day march on March 12 and reached Dandi on April 5, 1930. After making salt at Dandi, Gandhi headed to Dharasana Salt Works, 40 km south, but was arrested on May 5.


Copyright © 2013-21