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Daily Current Affairs 20th March 2026 Daily GK Update
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National News
Government Expands ALMM Framework to Solar Ingots & Wafers to Boost Domestic Manufacturing
- The government has expanded the Approved List of Models and Manufacturers (ALMM) framework by introducing ALMM List-III for solar ingots and wafers, effective from 1 June 2028.
- From this date, all solar projects (including net metering and open access) must use ALMM-listed wafers, making compliance mandatory.
- The move aims to boost domestic manufacturing, reduce import dependence, strengthen supply chains, and ensure high quality standards in the solar sector.
- The policy includes mandatory use in new bids, requires minimum domestic capacity (15 GW) with integrated production, and protects ongoing projects through grandfathering provisions.
Odisha’s Kusunpur Becomes State’s First ‘Smart Village’ Under CSIR Initiative
- Kusunpur village in Odisha’s Kendrapada district has been selected as the state’s first “Smart Village” under the CSIR initiative.
- The project, launched on March 16, aims at technology-driven rural transformation under the vision of “Viksit Bharat @2047”.
- CSIR has identified six villages nationwide as “live laboratories” to implement innovations through a “Lab to Land” approach in areas like agriculture, infrastructure, and rural development.
About Odisha
- Capital – Bhubaneswar
- Chief Minister – Mohan Charan Majhi
- Deputy CM – KV Singhdeo and Pravati Parida
- Governor – Hari Babu Kambhampati
Tata Steel Approves Merger with NINL and $2 Billion Investment in Singapore Arm
- Tata Steel has approved the merger of Neelachal Ispat Nigam Ltd (NINL), its wholly-owned subsidiary, with itself.
- Tata Steel had earlier acquired NINL in July 2022 for around ₹12,100 crore.
- The company has also approved an investment of up to $2 billion (₹18,488 crore) in its Singapore-based arm T Steel Holdings Pte Ltd (TSHP).
Banking And Financial News
Banks Write Off ₹9.75 Lakh Crore Loans in 11 Years
- Banks have written off ₹75 lakh crore worth of loans over the last 11 financial years, as stated by MoS Finance Pankaj Chaudhary.
- Loan write-offs peaked at ₹1.59 lakh crore in FY20 and have gradually declined to ₹47,568 crore in FY25.
- Write-offs showed a rising trend from ₹31,723 crore (FY15) to over ₹1 lakh crore in FY19, indicating increasing NPAs during that period.
- Banks have written off Rs 31,723 crore in FY15, Rs 40,416 crore in FY16, Rs 68,308 crore in FY 17, and Rs 99,132 crore in FY18.
World Bank Approves $300 Million Loan for Clean Air Programme in Uttar Pradesh
- The World Bank has approved a loan of about USD 300 million for Uttar Pradesh to improve air quality through a clean air programme.
- The Uttar Pradesh Clean Air Management Program aims to reduce pollution across sectors like transport, agriculture, and industry, while promoting environmental sustainability and employment generation.
- The initiative focuses on measures such as the adoption of electric vehicles, industrial emission monitoring, and clean technologies to achieve sustainable growth and reduced pollution.
About World Bank
- Founded – 4 July 1944
- Headquarters – Washington DC
- President – Ajay Banga (14th)
- Member Countries -189 (Nauru 189th)
DCM Shriram Secures $90 Million Investment from IFC for Sustainable Growth
- DCM Shriram has secured $90 million funding from the International Finance Corporation (IFC) through sustainability-linked non-convertible debentures (NCDs).
- The funds will be used to expand its chemicals business and support agriculture-related capital expenditure, promoting sustainable growth.
- The investment reflects IFC’s focus on sustainable industrial development in India, linking financing to environmental and performance targets.
Appointment & Resignation News
Atanu Chakraborty Resigns; Keki Mistry Appointed Interim Chairman of HDFC Bank
- Atanu Chakraborty has resigned as part-time chairman and independent director of HDFC Bank with immediate effect.
- Keki Mistry has been appointed as interim part-time chairman for 3 months from March 19, 2026, with approval from the Reserve Bank of India.
About HDFC Bank
- Founded – August 1994
- Founder – Hasmukhbhai Parekh
- Headquarters – Mumbai, Maharashtra
- Tagline – We understand your world
NMDC Limited Becomes First Indian Mining Company to Produce 50 MT Iron Ore in a Year
- National Mineral Development Corporation Limited (NMDC), India’s largest iron ore producer, became the first mining company in the country to produce 50 million tonnes (MT) of iron ore in a single financial year (2025–26).
- Established in 1958, NMDC’s production has grown from about 10 MT in 1978 to 50 MT, reflecting significant long-term expansion.
- Since 2015, production has increased sharply from around 30 MT to 50 MT, highlighting NMDC’s key role in strengthening India’s iron ore supply chain.
Sports News
Chandrika Pujari Wins Gold as India Secures Five Medals at World Boxing Futures Cup
- India secured a total of five medals (1 gold, 3 silver, 1 bronze) at the World Boxing Futures Cup.
- Chandrika Pujari won the gold medal in the women’s 51 kg category, defeating Uzbekistan’s Mardonova Nazokat by a unanimous decision.
- Other medal winners included Gunjan (48 kg), Joyshree Devi (54 kg), and L. Ambekar Meetei (50 kg) with silver medals, while Radhamani Longjam (57 kg) secured a bronze medal.
Defence News
Indian Navy Participates in U.S.-Led ‘Sea Dragon 2026’ ASW Exercise in Guam
- India is participating in the U.-led multinational anti-submarine warfare exercise ‘Sea Dragon 2026’, being held near Guam in March 2026.
- The exercise involves countries like Australia, Japan, and New Zealand, aiming to enhance coordination and combat readiness in undersea warfare.
- The Indian Navy is participating alongside the Royal Australian Air Force (RAAF), which has deployed a P-8A Poseidon aircraft and around 50 personnel.
Sagar Defence Lays Foundation of World’s First Autonomous Shipbuilding Centre in Nellore
- Sagar Defence Engineering Pvt. Ltd. has laid the foundation of the world’s first Autonomous Maritime Shipbuilding and Systems Centre in the Nellore district of Andhra Pradesh.
- The centre will operate as an advanced shipyard using Artificial Intelligence (AI) and robotics for modern shipbuilding processes.
- It aims to enhance efficiency, productivity, and sustainability in the maritime and defence manufacturing sector.
Important Days
14 March – International Day of Mathematics
- The International Day of Mathematics is celebrated every year on March 14, also known as Pi (π) Day.
- It was proclaimed by UNESCO in 2019 to promote the importance of mathematics in education and daily life.
- Theme 2026 – Mathematics and Hope
- The day highlights the role of mathematics in science, technology, innovation, and sustainable development, encouraging global participation through activities and awareness programs.
20 March – International Day of Happiness
- The International Day of Happiness is celebrated every year on March 20 to promote happiness and well-being as universal human goals.
- It was proclaimed by the United Nations in 2012, recognizing the importance of happiness in public policy and development.
20 March – World Sparrow Day
- World Sparrow Day is celebrated every year on March 20 to raise awareness about the conservation of sparrows.
- The day was initiated by the Nature Forever Society in 2010 to protect declining sparrow populations.
- It highlights the impact of urbanization, pollution, and habitat loss on sparrows and promotes efforts for their protection and conservation.
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