Daily Current Affairs 31st January , 2023

Daily Current Affairs 31 January 2023 for Banking/Insurance/SSC and other related exams. NOTE: To read complete Current Affairs, subscribe to our plan. All important news are not covered here.

NATIONAL NEWS

Delhi CM Arvind Kejriwal inaugurates real-time source apportionment to tackle pollution
The Delhi government led by Chief Minister Arvind Kejriwal inaugurated real-time source apportionment of pollution in India.

• The real-time source apportionment aims to assess the contribution of vehicles, construction dust, and biomass burning on a continuous or real-time basis (hourly). The Delhi Pollution Control Committee has started this project in collaboration with IIT Kanpur, IIT Delhi and TERI.

New Act renaming India International Arbitration Centre goes into effect
Act renaming the New Delhi International Arbitration Centre to the India International Arbitration Centre has now come into effect.

• The new law titled the ‘New Delhi International Arbitration Centre (Amendment) Act, 2022’, went into effect after the Ministry of Law and Justice on  January 27 night made the announcement.

INTERNATIONAL NEWS

15th BRICS summit to be held in August in South Africa’s Durban
The 15th BRICS summit will take place this year in late August in South Africa’s Durban. 

• The foreign ministers of Brazil, Russia, India, and China met for the first time on the sidelines of the United Nations General Assembly in 2006, kicking off BRIC cooperation
• Calling BRICS a manifestation of global multi-polarity, Lavrov said that strengthening regional identity in the developing regions of the world does not mean that multi-polarity is not happening in a global dimension

BANKING & FINANCE

Nigeria launches domestic card scheme in cashless bid
Nigeria’s central bank launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make Africa’s biggest economy a cashless society and save the country foreign transaction fees.

• The announcement by Central Bank of Nigeria (CBN) governor Godwin Emefiele follows the bank’s decision last year to phase out old higher denomination bank notes.
• AfriGo is owned by CBN and Nigerian banks and Emefiele said that Nigeria was joining China, Russia, India and Turkey in launching a domestic card scheme.

Edelweiss Mutual Fund launches India’s first passive short-duration fund
Edelweiss Mutual Fund launched India’s first passive short-duration fund. The scheme, Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund, will invest in a diversified portfolio of Indian government bonds and state development loans (SDL).

• According to the fund house, the passive offering will provide investors a low cost investment option for the short term. 
• This fund offers better predictability on asset allocation, credit quality, and duration, and is a low-cost substitute over other active funds for short-term investments. 

BUSINESS & ECONOMY

SAMEER signs MoU with Siemens Healthineers to develop innovative technologies
SAMEER, India’s premier R&D Institute of Ministry of Electronics and IT (MeitY) signed a memorandum of understanding (MoU) with Siemens Healthineers that will contribute towards the development of new, improved and innovative technologies for advancing healthcare and diagnostic access in India.

• SAMEER, which is the acronym for Society for Applied Microwave Electronics Engineering & Research, specializes in RF Microwaves Radar and Communication Systems, E3 testing and Medical Electronics a strategic partnership.

NSE world’s largest derivatives exchange for fourth straight year in 2022
The National Stock Exchange of India (NSE) has again emerged as the world’s largest derivatives exchange in 2022, in terms of the number of contracts traded, according to the Futures Industry Association (FIA).This is the fourth consecutive year when the exchange earned the top spot. 

• In addition, the exchange was ranked third in the equity segment by the number of trades (electronic order book) in 2022, an advancement from the previous year when it was in the fourth position, as per statistics maintained by the World Federation of Exchanges (WFE).

SPORTS

Murali Vijay announces retirement from all forms of international cricket
Out-of-favour India player Murali Vijay announced he was retiring from international cricket. 

• The right-handed batter who featured in 61 Tests, 17 ODIs and nine T20 Internationals last played for the country in the Perth Test against Australia in December 2018.
• He featured in first-class and List A cricket for Tamil Nadu late in 2019. As far as professional cricket is concerned, he last turned out for Chennai Super Kings in the Indian Premier League in 2020.

APPOINTMENTS

Air Marshal AP Singh To Be New Vice Chief Of Indian Air Force
Air Marshal AP Singh is set to assume charge as next Vice Chief of the Indian Air Force. 

• Singh will succeed incumbent Air Marshal Sandeep Singh who is set to retire on 31st January 2023. Air Marshal AP Singh is currently serving as the Air Officer Commanding-in-Chief of the Central Air Command.

AWARDS

IIM Ahmedabad ranked top MBA college in India, followed by IIM-B, IIM-K
The Indian Institute of Management (IIM), Ahmedabad, is the best college to pursue the Master of Business Administration (MBA) course in India, according to the latest ranking released by the Indian Institutional Ranking Framework (IIRF). 

• IIM Ahmedabad is followed by IIM Bengaluru and IIM Kolkata at second and third spots, respectively. The top three have remained unchanged since 2022.
• The IIM, Lucknow, jumped one place to fourth rank from fifth in 2022, surpassing the Faculty of Management Studies, University of Delhi, which was ranked fourth in 2022.

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