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Today’s Daily Current Affairs in Hindi and English PDF | 8 July 2023
National
IICA Launches 3-Month Certificate Course on Research Methodology for Innovation, Critical Thinking, and Evidence-Based Decision-Making
The Indian Institute of Corporate Affairs (IICA) has launched a 3-month Certificate Course on Research Methodology, focusing on fostering innovation, critical thinking, and evidence-based decision-making. The course aims to equip faculty members and students with robust research methodologies and emphasizes collaborative learning, interdisciplinary approaches, and ethical considerations. Prominent speakers highlighted the importance of research methodology in advancing knowledge and promoting research, innovation, and critical thinking. The course offers an online platform for interdisciplinary collaboration and aims to provide genuine and enriching learning experiences.
Bureau of Indian Standards’ Capsule Course on National Electrical Code 2023: Enhancing Electrical Safety and Compliance
The Bureau of Indian Standards conducted a Capsule Course on the National Electrical Code of India 2023, focusing on electrical safety and CEA regulations. The course had participants from various professional backgrounds. It aimed to enhance knowledge of the code and covered topics like electrical safety, wiring installation rules, and lightning protection.
Ministry of Textiles Weekly Open House Forum for PLI Scheme Participants
The Ministry of Textiles conducted its first weekly Open House Forum through video conferencing (VC) to engage with participants of the ‘Production Linked Incentive (PLI) Scheme for Textiles.’ The forum aims to address implementation issues and facilitate timely investment, production, and turnover for incentivization. Weekly sessions will be held every Friday from 4-5 PM, and the web link for interaction will be shared with all PLI participant companies on Thursday evenings.
PM GatiShakti: Road Connectivity Projects Worth INR 5.39 Lakh Crores Recommended by Network Planning Group
The Network Planning Group under PM GatiShakti recommended five road connectivity projects during its 51st meeting. These projects, evaluated under 51 NPG meetings, are worth INR 5.39 Lakh Crores. The projects aim to improve connectivity to industrial clusters, social sector assets, and enhance logistics efficiency. The projects include a tunnel in Aizawl, Maharashtra’s capacity augmentation projects, Uttarakhand’s landslide mitigation measures, and the construction of bypass/ring roads around Kanpur. The meeting also discussed including slurry pipeline projects in the GatiShakti framework.
The PM GatiShakti National Master Plan adopts a comprehensive approach to infrastructure planning and implementation. The plan is based on a dynamic GIS platform and has onboarded several line Ministries/Departments and States/UTs. The institutional framework at the Central and State/UT levels is fully operational. The NPG meetings evaluate project proposals based on GatiShakti principles to ensure optimized and holistic planning for connectivity and logistics efficiency.
National Water Mission Partners with Indian Plumbing Association to Enhance Water Use Efficiency
The National Water Mission (NWM) and the Indian Plumbing Association (IPA) have signed an MoU to improve water use efficiency in India. The IPA will cooperate to reduce water use in the domestic sector by 50-60%, while the NWM aims to increase water use efficiency by 20%. The agreement focuses on promoting rainwater harvesting, low flow fixtures, treatment of grey and black water, and water audits. It also emphasizes public education and awareness programs for water stewardship and the circular economy of water.
India’s Ambitious Green Hydrogen Investments Highlighted at ICGH-2023 Press Conference
India is heavily investing in green hydrogen, as highlighted in a press conference during the International Conference on Green Hydrogen (ICGH-2023). The conference focused on various aspects of the green hydrogen ecosystem, including production, storage, mobility, utilization, distribution, infrastructure, and transportation. Indigenous technologies were showcased, and Indian Oil Corporation announced plans to launch fuel cell-driven buses. Skill development and employment in the sector were also discussed. India aims to produce 5 million metric tonnes of green hydrogen by 2030, with a focus on exports. The conference witnessed international participation and featured plenary sessions, panel discussions, and technical sessions. Country roundtables were held to explore collaboration opportunities.
Bharat Internet Utsav: Celebrating the Power of Internet Connectivity and Socio-Economic Development
The Department of Telecommunications (DoT) has launched “Bharat Internet Utsav” to celebrate the power of the internet in connecting people and promoting socio-economic development. They have taken steps to ensure affordable and high-quality internet access throughout the country, including remote areas. The initiative encourages citizens to share their stories of how the internet has transformed their lives through videos and offers prizes for the best submissions. The DoT is committed to providing secure and reliable telecommunication services for inclusive development. #BharatInternetUtsav is the hashtag to join the celebration.
Indian Navy’s Participation in Bastille Day Parade: A Celebration of Maritime Partnership
The Indian Navy is participating in the Bastille Day Parade in Paris, France. The Navy team consists of four officers and 64 sailors, led by Cdr Vrat Baghel. INS Chennai, an indigenously built destroyer, will also represent India at the celebrations. The Indian Navy is one of the largest in the world and has advanced capabilities. The Indo-French Strategic partnership has deep ties in the maritime domain, and the Varuna exercise strengthens the bilateral relationship.
India-France Air Force Cooperation: Indian Contingent Departs for Bastille Day Flypast
A contingent of Indian Air Force personnel and aircraft, including Rafale fighters and C-17 Globemasters, has left for France to participate in the Bastille Day flypast. The cooperation between the two nations in the field of air power has a long history, with Indian pilots having fought in France during World Wars. The Indian Air Force has operated various French aircraft, and the professional ties between the two Air Forces have been strengthened through joint flying exercises.
International
India and UK Strengthen Cooperation to Combat Violent Extremism and Radicalism
India and the UK strengthen their cooperation to address violent extremism and radicalism. The National Security Advisers of both countries discussed mutual concerns and affirmed their strategic partnership. India raised the issue of extremist elements in the UK and called for action. They agreed to collaborate on counter-terrorism, counter-terror financing, drug trafficking, counter-radicalization, and emerging technologies.
BSF Commander and Bangladesh Freedom Fighter, Parimal Kumar Gosh, Passes Away at 84
BSF Commander Parimal Kumar Gosh, the first Indian military officer to aid Bangladesh freedom fighters in 1971, passed away in New Delhi at the age of 84. He was revered in Bangladesh and believed to have played a key role in the formation of Mukti Vahini. Ghosh, emotionally moved by the atrocities inflicted by Pakistani forces, risked court martial by joining the cause.
Sri Lanka’s Central Bank Cuts Interest Rates Again Amid Economic Recovery
Sri Lanka’s Central Bank has cut interest rates for the second time in a row as the country recovers from its economic crisis. The focus now is on revitalizing growth after receiving a bailout from the IMF. The bank reduced its deposit and lending rates by 200 basis points. Last year, the country faced a crisis, but with assistance from India, it avoided collapse. To combat inflation, the central bank raised rates significantly last year and in March. Inflation has gradually declined from 70% to 12% in June.
Curtain Raiser Event: India-Africa International Millet Conference Highlights Nutritious and Climate-Friendly Millets
The Curtain Raiser event for the India-Africa International Millet Conference took place in Nairobi, Kenya. The conference aims to raise awareness about millets as a nutritious and climate-friendly crop and promote collaboration opportunities. Millets are rich in minerals and can benefit smallholder farmers in Africa and Asia. The event highlighted the agenda of the conference, including discussions on mechanization, seed systems, digital agriculture, and value addition in millets.
Public Sector Banks Show Significant Improvement on Financial Parameters: Review by Union Finance Minister
The performance of Public Sector Banks (PSBs) has significantly improved on various financial parameters, including credit deployment, profitability, asset quality, and capital adequacy. During a review meeting chaired by Union Finance Minister Nirmala Sitharaman, PSB heads expressed confidence in their ability to withstand macroeconomic shocks due to the strong financial health of PSBs.
The asset quality of PSBs has improved, with gross non-performing assets (NPAs) at 4.97% and net NPAs at 1.24% in March 2023. PSBs earned a record net profit of around ₹1.05 lakh crore in FY 2022-23. With high capital adequacy, clean balance sheets, and improved resilience, PSBs are well positioned to support credit needs. The minister emphasized the importance of risk management and diversification of the banks’ business base. Meetings will be held to review the functioning of Regional Rural Banks (RRBs) and prioritize technological upgradation. There will also be a special drive to expand the coverage of PMSVANidhi, a credit outreach program.
Business
IMD Reports 7% Deficit in All India Seasonal Rainfall; Northwest India Sees 37% Increase
The India Meteorological Department (IMD) has reported a 7% deficit in All India Seasonal cumulative rainfall during the current monsoon season. Northwest India has experienced a significant 37% increase in rainfall, while East and Northeast India saw a 17% decrease and the South Peninsula recorded a 32% decrease.
India’s Impressive Performance in Global Survey on Digital and Sustainable Trade Facilitation
India excels in the United Nations Economic and Social Commission for Asia Pacific’s Global Survey on Digital and Sustainable Trade Facilitation, with a score of 93.55% in 2023 compared to 90.32% in 2021. Indian Customs’ digital initiatives, such as Turant Customs and e-Sanchit, aim for paperless, contactless, and faceless trade.
The score for “Women in Trade Facilitation” improved from 66.7% in 2021 to 77.8% in 2023. India surpasses many developed countries and emerges as the top-performing country in the South Asia region. The survey recognizes India’s progress in transparency, formalities, institutional arrangement, cooperation, and paperless trade. The country’s commitment to gender inclusivity and empowerment of women in the trade sector is evident. India’s overall score continues to improve, reflecting its dedication to enhancing ease of doing business. The survey highlights the efficacy of Indian Customs’ trade facilitation measures. For detailed survey results and information, visit the official UNESCAP website.
Upcoming Weekly E-Auction: Wheat and Rice for Purchase by Retailers, Processors, and Traders on July 12, 2023
The third weekly e-auction for the purchase of wheat and rice is scheduled on July 12, 2023. Approximately 4.29 LMT of wheat from 482 depots and 3.95 LMT of rice from 254 depots will be offered. The Food Corporation of India aims to control retail prices by encouraging more participants, including small and marginal end users, to bid. In the previous e-auction, 1.29 LMT of wheat and 170 MT of rice were sold, with average selling prices slightly above the reserve prices. Bidders are required to declare their stock in the wheat stock management portal to participate. The current tranche of e-auctions aims to reduce retail prices by offering a maximum of 100 tons per buyer.
Sports
India’s PV Sindhu and Lakshya Sen Reach Singles Quarterfinals at Canada Open Badminton
PV Sindhu and Lakshya Sen from India have advanced to the quarterfinals of the Canada Open Badminton tournament. Sindhu received a walkover in the second round and will face Gao Fang Jie of China. Lakshya defeated Ygor Coelho and will compete against Julien Carraggi of Belgium.
Team India Makes Spectacular Start at Badminton Asia Junior Championships with 5-0 Win
Team India started their campaign at the Badminton Asia Junior Championships with an impressive 5-0 victory against Bangladesh. The Indian shuttlers showcased exceptional coordination and strategic play, dominating their opponents in various categories. The team will now face Hong Kong China and Malaysia in the upcoming matches.
Stay Updated | Daily Current Affairs | 8 July 2023
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