Daily Current Affairs 7 April 2023 for Banking/Insurance/SSC and other related exams.
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NATIONAL NEWS
Andaman & Nicobar Command conducts large scale Joint Military Exercise ‘KAVACH’
Andaman and Nicobar Command (ANC) conducted a large-scale Joint Military Exercise ‘Ex KAVACH’ involving the assets of the Army, Navy, Air Force and Coast Guard. The exercise, which began on February 23, 2023, concluded on April 07, 2023.
- The exercise was aimed at fine-tuning joint warfare capabilities & Standard Operating Procedures (SOPs) and enhancing interoperability and operational synergy between the forces. Elements of the ‘Shatrujeet Brigade’ of the Army, Armed Forces Special Operations Division (AFSOD), Special Forces of the Navy and Amphibious troops of the ANC, participated in the multi-domain exercise involving amphibious landing, air-landed operations, heliborne operations and rapid insertion of the Special Forces from mainland on a remote Island of the Andaman and Nicobar Islands.
Govt forms committee to look into pension issues of govt
Union Finance Ministry formed a committee to look into the issue of pensions of government employees under National Pension System(NPS).
- Officials said that the four member committee will suggest suitable measures to improve the pension benefits under NPS while considering fiscal implications & impact on overall budget.
- In a communication by Annie G. Mathew, Special Secretary to the Government of India(GoI) , the committee will be led Finance Secretary to review the pension system for government employees.
INTERNATIONAL NEWS
India elected as member of UN Statistical Commission Narcotic Drugs and the Programme Coordinating Board of the Joint UN Programme on HIV/AIDS
India has been elected as a member of the UN Statistical Commission, the Commission on Narcotic Drugs and the Programme Coordinating Board of the Joint UN Programme on HIV/AIDS (UNAIDS) by the Economic and Social Council ECOSOC of the United Nations. These are important subsidiary bodies of the ECOSOC.
- The Statistical Commission is the highest body dealing with international statistical activities and is responsible for standards setting in the field of statistics.
- India was a member of the Statistical Commission last in 2004 and it is returning to the Commission after a gap of two decades.
BANKING & FINANCE
RBI imposes penalty on Mahindra Financial Services, Indian Bank for non-compliance with norms
The Reserve Bank of India has imposed a fine of ₹6.77 crore on Mahindra & Mahindra Financial Services Ltd, Mumbai for not disclosing interest rates to borrowers at the time of sanctioning loans, a release from the central bank said.
- On Indian Bank, a penalty of ₹55 lakh was imposed by the central bank for contravention of certain Know Your Customer (KYC)) norms.
BUSINESS & ECONOMY
Global trade expected to grow 1.7% in 2023: WTO
The World Trade Organisation (WTO) said that the global merchandise trade volume is expected to grow 1.7 per cent in 2023 as compared to an earlier estimate of 1 per cent in October, but lower than 2.7 per cent growth in 2022.
- The global trade body cautioned that the expected to be ‘subpar’, due to multiple factors, including the ongoing Russia-Ukraine conflict, stubbornly high inflation, tighter monetary policy and financial uncertainty.
- With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008.
SPORTS
India’s football team rises to 101 in latest FIFA rankings
According to the latest FIFA rankings, the Indian men’s football team has climbed up five spots and is now ranked at 101. India is now one place below New Zealand and one place above Kenya.
- The team’s upward movement in the rankings can be attributed to their recent wins against Myanmar and Kyrgyzstan during the Tri-nation tournament, which helped them secure 8.57 rating points.
- World champions Argentina rose one place to be on top of the list, followed by France, Brazil, Belgium, England, Netherlands, Croatia, Italy, Portugal and Spain in the top 10.
APPOINTMENTS
Kalikesh Singh Deo takes charge as NRAI president
Senior vice-president Kalikesh Narayan Singh Deo took charge as National Rifle Association of India (NRAI) president after ‘incumbent’ Raninder Singh went on a “prolonged leave”.
- The Sports Ministry had issued a directive that heads of national sports federations (NSFs) cannot hold office for more than 12 years as per the National Sports Code, following which Raninder, who was re-elected NRAI president in September 2021, went on leave
AWARDS
Shah Rukh Khan tops 2023 TIME100 reader poll
Shah Rukh Khan, the heart throb for millions, the humble human from Delhi, the resident of Mannat in Mumbai, the man that gave Bollywood its biggest hit “Pathaan’ since the industry seemed to have been suffering in box office collections in the post-covid era, has now ranked highest in TIME 100 Reader Poll.
- Shah Rukh Khan, 57, topped the list of most influential people around the world, for TIME magazine’s 100th edition of the list. Shah Rukh Khan received 4 percent of the 1.2 million votes cast by readers in the 2023 TIME100 poll.
- In January 2023, defeating fellow immensely famous and cult actors like Tom Cruise, Jackie Chan, and George Clooney, Shah Rukh Khan took the fourth position in the list of eight richest actors of the world released by World of Statistics.
Delhi Airport ninth busiest in the world in 2022
According to the Airports Council International (ACI) World, Delhi’s Indira Gandhi International (IGI) Airport has been ranked as the ninth busiest airport in the world in 2022, handling approximately 59.5 million passengers every year.
- ACI said the list of top 10 busiest airports in the world for 2022 is topped by Hartsfield-Jackson Atlanta International Airport (ATL, 93.7 million passengers). It is followed by Dallas Fort Worth Airport (DFW, 73.4 million passengers, Denver Airport (DEN, 69.3 million passengers), and Chicago O’Hare Airport (ORD, 68.3 million passengers).
Chhattisgarh’s Nagri Dubraj rice variety gets geographical indication tag
The Geographical Indication Registry earlier this week granted Chhattisgarh’s aromatic rice, Nagri Dubraj, a geographical indication (GI) tag facilitating the brand to get a unique identity and a wide market.
- Union Agriculture Minister, Narendra Singh Tomar in a tweet, said the Morena and Rewa Mango (both Madhya Pradesh) and Nagri Dubraj have been given GI tags. It will give a new identity to the products in the national and international market, Tomar added.
- The women’s self-help group “Maa Durga Swasahayata Samuh” of Nagri in Dhamtari district has been harvesting Dubraj and had applied to the GI tag.
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