current affairs 19 March 2022

India entered into world’s top five club in terms of market capitalisation.

As per Bloomberg’s recent data on Market capitalization, for the 1st time, India’s equities market has entered the world’s top 5 in terms of market capitalization.
India is ranked 5th with a total market capitalization of US$3.21 trillion.
The total world market capitalization is US$109.22 trillion.
The US topped the ranking with a total market cap of US$47.32 trillion, followed by China (USD 11.52 trillion), Japan (USD 6 trillion) and Hong Kong (USD 5.55 trillion).

Mahatma Gandhi Green Triangle’ has been unveiled in Madagascar to mark Azadi ka Amrit Mahotsav.
Ambassador of India to Madagascar, Abhay Kumar celebrated the Azadi ka Amrit Mahotsav by inaugurating a Green Triangle, along with Mayor of Antananarivo Naina Andriantsitohaina.
The word green in the plaque signifies their commitment to sustainable development and saving the environment.
The naming of this park as Mahatma Gandhi Green Triangle is an apt tribute to Mahatma Gandhi.

Mumbai, Maharashtra announced its comprehensive framework to 'zero carbon emissions by 2050' and became the first city in South Asia to set such a target.
Mumbai's target is 20 years ahead of India's target of reaching net zero emissions by 2070.
The target also includes a 30% reduction in greenhouse gas (GHG) emissions by 2030 and a 44% reduction by 2040.
Mumbai set several short-term goals for decarbonisation measures such as electrifying public transport, it plans to adopt 2,100 electric buses by 2023 at a cost of 130 billion rupees (USD $1.7 billion).
Brihanmumbai Municipal Corporation (BMC) has devised the Mumbai Climate Action Plan (MCAP) as a part of its commitment towards building a climate-resilient city.

Professor Narayan Pradhan has been selected for the 31st GD Birla Award for Scientific Research for his outstanding contribution in the field of material sciences.
Prof. Pradhan is a member of the faculty at the School of Material Sciences, Indian Association for the Cultivation of Science, Jadavpur.

The Indian Space Research Organization (ISRO) has successfully completed the ground test of the Solid Fuel Based Booster Stage (SS1) of its new Small Satellite Launch Vehicle (SSLV) at the Satish Dhawan Space Center (SDSC) in Sriharikota, Andhra Pradesh.
This completes the ground test of all three stages of the launch vehicle.
The vehicle is now ready for its first development flight, scheduled for May 2022.
Other stages of SSLV like SS2 & SS3 have successfully undergone necessary ground tests and are ready for integration.
At present, the launch of small satellites has been dependent on piggy-bank rides with big satellite launches on the PSLV (Polar Satellite Launch Vehicle) of ISRO, which has completed around 50 successful launches.