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Daily Current Affairs 12th July 2023 Daily GK Update
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National News
3rd Trade and Investment Working Group Meeting begins in Kevadia
- The third Trade and Investment Working Group Meeting has begun in Kevadia, Gujarat.
- More than 75 international delegates from various G20 countries are taking part in the three-day meeting at Kevadia.
- The meeting offers an opportunity for India to showcase its global trade and export potential and a platform to showcase our carbon-free handicraft products.
- The meeting began with delegates participating in a ‘Trade Infrastructure’ seminar.
G20 in News (Note – All Meetings are Under the Presidency of G20 by India)
- Urban-20 Mayoral Summit – Ahmedabad & Gandhinagar, Gujarat (7 July 2023)
- 4th edition of the Space Economy Leaders Meeting – Bengaluru, Karnataka (6 July 2023)
- G20 Research and Innovation Initiative Gathering (RIIG) Summit and Research Ministers’ Meeting – Mumbai, Maharashtra (4 – 5 July 2023)
- Startup20 Shikhar Summit – Gurugram, Haryana (3 July 2023)
- U20 Engagement Group of Mayoral Summit – Ahmedabad, Gujarat (7 – 8 July 2023)
India Literacy House in Lucknow to be tourist destination with a museum
- The India Literacy Board proposes to set up a Literacy Museum at its premises, popularly known as Literacy House, in Lucknow.
- The board has also requested the state tourism department to declare the campus as a destination for literacy tourism to attract national and international visitors.
- Exhibiting how pictorial books, puppets and other tools were used to educate people in the past.
- The museum will come up at a cost of ₹8 crore and will be based on the design of noted architect Laurie Baker.
- S. citizen Welthy Honsinger Fisher had set up the India Literacy Board or Literacy House in Lucknow in 1956 with a mission to end illiteracy and enlighten society with its motto: “It is better to light a lamp than to curse the darkness.”
- Situated on Kanpur Road here, the Literacy House was designed like an Indian village by Laurie Baker and consists of a cluster of simple yet innovative brick buildings.
- An institution of international repute, the India Literacy Board is registered under the Societies Registration Act, 1860.
Amit Shah inaugurated mega conclave “Strengthening PACS through FPOs
- Union Home and Cooperation Minister Amit Shah has inaugurated a day-long mega conclave “Strengthening PACS through FPOs” in New Delhi.
- The conclave is aimed at discussing ways to strengthen Primary Agricultural Credit Societies (PACS) through Farmer Producer Organizations (FPOs).
- The conclave witnesses the participation of experts from the sector as well as members from the FPOs.
- Under the FPOs scheme, financial assistance of 33 lakh rupees is provided to each FPO. Further, financial assistance of 25 lakh rupees per FPO is given to the Cluster-Based Business Organizations (CBBOs) for promoting and handholding the FPOs.
- In order to realize Prime Minister Narendra Modi’s vision of Sahkar se Samriddhi and with the efforts of Cooperation Minister Amit Shah, a decision was also taken recently to form 1100 new FPOs in the Cooperative sector.
Recent Inauguration by Amit Shah
- Amit Shah approved the release of Rs 6,194.40 crore to 19 states under the State Disaster Response Fund (SDRF).
- Amit Shah launches Akshar River Cruise Sabarmati Riverfront in Ahmedabad
- Amit Shah lays foundation stone of ‘Balidaan Stambh’ in Srinagar
- Amit Shah unveils ₹8,000 crore schemes to strengthen disaster management
- Amit Shah lays foundation stone of campus of National Academy of Coastal Policing in Gujarat
MoS DP Singh inaugurates Indian Mango Festival ‘Aamrus’ in Russia
- Minister of State (Independent Charge) for Uttar Pradesh Government, Dinesh Pratap Singh and Ambassador of India to Russia Pavan Kapoor have participated in the inauguration of the Indian Mango Festival ‘Aamrus’ in Moscow.
- In the festival, the “enthusiastic” Russian audience got to enjoy five samples of different varieties of Mangoes from Uttar Pradesh – Dasheri, Langra, Chausa, Amrapali and Mallika.
- The festival was organized by the Embassy of India with the support of the Uttar Pradesh Government, APEDA, and DISHA.
About Russia
- Capital – Moscow
- Currency – Rubel
- President – Vladimir Putin
International News
United States has world’s most powerful military
- The US has the strongest military force in the world, with Russia and China in second and third and India in fourth place, according to Global Firepower, a data website that tracks global defense-related information.
- The 2023 Military Strength list – which also includes the nations with the weakest military force in the world, which includes Bhutan and Iceland – assessed over 60 factors.
- The top four nations remain as they were in the 2022 Global Firepower list.
- However, the UK has moved up from eighth place last year to fifth this year. South Korea remains in sixth place as it was last year.
- Pakistan enters the top 10 in seventh place, and Japan and France ranked fifth and seventh last year, drop to eighth and ninth this year
- 10 nations with the most powerful militaries in the world-
- United States
- Russia
- China
- India
- United Kingdom
- South Korea
- Pakistan
- Japan
- France
- Italy
- 10 nations with the least powerful militaries in the world-
- Bhutan
- Benin
- Moldova
- Somalia
- Liberia
- Suriname
- Belize
- Central African Republic
- Iceland
- Sierra Leone
Banking and Financial
India to surpass US to become world’s 2nd largest economy by 2075: Goldman Sachs
- Goldman Sachs said India, the fifth-largest economy, will become the second-largest economy in the world by 2075 surpassing not only Japan and Germany but also the United States.
- According to the investment bank report innovation and technology, higher capital investment, and rising worker productivity to increase drastically due to the burgeoning population.
- Currently, India is the world’s fifth-largest economy, behind Germany, Japan, China and the US.
- Over the next two decades, the dependency ratio of India will be one of the lowest among regional economies. The key to drawing out the potential of India’s rapidly growing population is boosting participation within its labour force.
- The Goldman Sachs report said India’s government has placed a priority on infrastructure creation, especially in the setting up of roads and railways.
- The country’s recent budget aims to continue the 50-year interest-free loan programs to state governments in order to spur investments in infrastructure.
- Goldman Sachs believes that this is an appropriate time for the private sector to scale up on creating capacity in manufacturing and services in order to generate more jobs and absorb the large labor force.
Canara Bank to sign ₹3,000 crore IT transformation deal
- Public sector bank Canara Bank will be signing a ₹3,000 crore IT transformation deal to revamp and enhance its tech infrastructure.
- In a highly competitive bidding race, global tech giants IBM and its managed infrastructure services spin-off Kyndryl are the frontrunners, positioning themselves to secure the partnership
- The partnership will aim to modernize and enhance Canara Bank’s technological capabilities, enabling it to provide efficient banking solutions to its customers.
- Over the last three years, Canara Bank has significantly on new technology initiatives. For the current year alone, the spending has been ₹1,200 crore. The bank aims for 90 percent of its RAM (Retail, Agriculture, and MSME) transactions to go digital from end to end by March 2024.
About Canara Bank
- Founded – 1906
- Headquarters- Bengaluru, Karnataka
- MD & CEO – K Satyanarayana Raju
- Tagline – Together with Can
Appointment and Resignation
SBI appoints Abhijit Chakravorty as SBI Card’s CEO
- The country’s largest pure-play credit card issuer, SBI Cards & Payment Services (SBI Card) has appointed Abhijit Chakravorty as MD & CEO for two years.
- Chakravorty, who is presently a Deputy Managing Director at SBI, will assume charge of his new role on August 12.
- Incumbent MD & CEO Rama Mohan Rao Amara has tendered his resignation owing to his transfer to SBI. Amara will demit office on August 11.
- Amara was appointed as MD & CEO of SBI Card in January 2021.
Recent Appointment in Banking & Insurance Sector
- Chairperson of International Financial Services Centres Authority (IFSCA) – K. Rajaraman (replace Injeti Srinivas)
- CEO of Financial Planning Standards Board (FPSB) – Krishna Mishra
- MD & CEO of UK-based Lloyds Banking Group – Sirisha Voruganti
- Executive Director by RBI – P Vasudevan
- Chief Financial Officer (CFO) of SBI – Kameshwar Kodavanti (replace Charanjit Surinder Singh Attra)
Sheikh Talal Fahad Al Ahmad Al Sabah elected as OCA President
- Sheikh Talal Fahd Al Ahmad Al Sabah of Kuwait has been elected as the new President of the Olympic Council of Asia (OCA).
- Sheikh Talal was succeeded by his brother Sheikh Ahmad al-Fahd al-Sabah.
- Sheikh Ahmed was forced to step down after being found guilty of forgery and sentenced to at least 13 months in prison.
- Sheikh Talal defeated Kuwaiti Hussein Al-Musallam, OCA Director General and World Aquatics President, at the OCA General Assembly in Bangkok.
Recent Appointment
- Chairperson of National Green Tribunal (NGT) – Sheo Kumar Singh (replace Adarsh Kr Goel)
- CEO of Quick Heal Technologies Ltd – Vishal Salvi
- DG of Food and Agriculture Organization (FAO) – QU Dongyu (China)
- Chairman of Senior Men’s Cricket Selection Committee – Ajit Agarkar
- India’s ambassador to World Trade Organization (WTO) – Brajendra Navnit (reappointment)
About Olympic Council of Asia (OCA)
- Established- 16 November 1982, New Delhi
- Headquarters- Kuwait City, Kuwait
- Chairman- Talal Fahd Al-Ahmed Al-Sabah
- Membership- 45 National Olympic Committees
Awards
Transgender woman crowned Miss Netherlands for the first time
- Rikkie Kollé is the first transgender woman to win Miss Universe Netherlands.
- Nathalie Mogbelzada was named first runner-up while Habiba Mostafa and Lou Dirchs were awarded Miss Congeniality and Miss Social Media.
- She succeeded Ona Moody and will represent the Netherlands at Miss Universe 2023.
- Kollé won this year’s Miss Universe Netherlands competition against nine other finalists.
- According to NOS, a broadcasting organization based in the Netherlands, Kollé is the second transgender person to compete in the Miss Universe competition after Angela Ponce. Ponce represented her home country of Spain in the international pageant in 2018.
- Kollé previously appeared on Holland’s Next Top Model in 2018, when she reached the final four.
Recent Awards
- Philippe Chatrier Award by International Tennis Federation (ITF)- Justine Henin (Belgian tennis player)
- Siena Drone Photo Awards 2023 – Mathanraj S
- PEN Pinter Prize 2023 – Michael Rosen
- Points of Light Award 2023 by British PM – Rajindar Singh Dhatt
- 1st Kala Kranti Lifetime Achievement Award – Pt P. D. Baul
PM Modi to be awarded Lokmanya Tilak Award 2023
- Prime Minister Narendra Modi will be awarded the prestigious Lokmanya Tilak Award this year.
- The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.
- This award recognizes PM Modi’s supreme leadership under which India has climbed the ladder of progress.
- It is presented annually on the occasion of Lokmanya Tilak’s death anniversary.
- Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh
Recent Awards
- Indian Medical Association (IMA) Award – Dr K Venugopal
- Sahitya Akademi Bal Sahitya Puraskar 2023 – Priya A S (for Perumazhayathe Kunjithalukal)
- Guinness World Record award – Cristiano Ronaldo
- Olympic Order by IOC – Tedros Ghebreyesus (DG of WHO)
- First Prof. Kothapalli Jayashankar Award – Acharya Gopi
Defence
CDS Anil Chauhan inaugurates LRMR Hangar & Dispersal at Naval Air Station
- The Chief of Defense Staff (CDS) General Anil Chauhan has inaugurated LRMR Hangar & Dispersal at Naval Air Station, INS Utkrosh in Port Blair.
- The twin hangar spread over 6000 sq. mt. can accommodate a combination of P8I aircraft with Dronier & Advanced Light Helicopters.
- The new hangar facility will provide support for vital air operations in strategically important A&N Islands. It will help in strengthening the security of the Indian Oceans Region.
- General Anil Chauhan also inaugurated the Wet Basin & Refit Jetty at Naval Ship Repair Yard at Port Blair. The jetty has slung material compartments and accommodation for personnel.
- It is made in consultation with IIT Chennai with a cost of more than 360 Cr.
Sports
Parth Salunkhe becomes first Indian to win Youth World Championship
- Parth Salunkhe has become the first Indian male archer to win a gold in the recurve category of the Youth World Championships.
- The 19-year-old from Satara in Maharashtra provided the perfect icing on the cake by defeating a Korean in the Under-21 men’s recurve individual final, in Limerick, Ireland.
- Salunkhe, who topped the rankings round, bounced back from behind to down seventh seed Song Injun 7-3 (26-26, 25-28, 28-26, 29-26, 28-26) in a hard-fought five-setter.
- India also clinched a bronze medal in the Under-21 women’s recurve individual section when Bhaja Kaur defeated Su Hsin-Yu of Chinese Taipei 7-1 (28-25, 27-27, 29-25, 30-26).
- India finished with six gold, one silver and four bronze medals, which was the highest in the standings in terms of total number of medals.
- But in overall rankings, they finished second behind Korea who ended with six gold and four silver medals.
Important day
12 July – International Malala Day
- International Malala Day is observed every year on 12 July to honor the birthday of Malala Yousafzai, a Pakistani education activist and Nobel laureate.
- Malala is known for her advocacy of girls’ education and her courageous stand against the Taliban, who had banned girls from attending school in her hometown of Mingora in the Swat Valley of Pakistan.
- On October 9, 2012, Malala was targeted and shot by a Taliban gunman but survived the attack. Her activism and resilience have made her a symbol of inspiration and empowerment for girls and women worldwide.
- In December 2014, Malala was awarded the Nobel Peace Prize and became the youngest-ever recipient of such a pristine honour.
- She was designated as United Nations Messenger of Peace in 2017 to help raise awareness of the importance of girls’ education.
- The young activist has bagged over 40 awards and honours for her courage.
12 July – Paper Bag Day
- Paper Bag Day is celebrated every year on July 12 as a reminder of the importance of eco-friendly alternatives to plastic bags.
- Objective – To raise awareness about the harmful effects of plastic on the environment and promote the use of sustainable alternatives like paper bags.
- Plastic bags not only take centuries to decompose, but they also endanger wildlife, pollute oceans and landscapes, and cause lasting damage to ecosystems.
- Paper bags have a historical origin rooted in the 19th century when Francis Wolle invented the first paper bag machine in 1852. This groundbreaking invention revolutionized the production of paper bags, leading to their widespread adoption as a packaging solution.
- However, the popularity of plastic bags surged in the 20th century due to their convenience and cost-effectiveness. Nevertheless, as people became increasingly aware of the detrimental environmental impact of plastic bags, the use of paper bags resurfaced.
- A significant turning point occurred in 1999 when San Francisco took a stand against plastic bags by banning their usage in grocery stores and pharmacies, becoming the first city worldwide to enforce such a prohibition.
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