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Welcome to the Daily Current Affairs for July 18, 2023. In this edition, we cover significant events and updates from business, national, international, and sports domains.
July 18, 2023 Daily Current Affairs
Business
Export Preparedness Index 2022: Promoting India’s Global Export Potential
The NITI Aayog has released the third edition of the Export Preparedness Index (EPI) 2022 for States/UTs in India. The report aims to promote India’s global export potential by recognizing regional competitiveness and leveraging diversity. It provides insights for decision-making, identifies strengths and weaknesses, and fosters comprehensive growth across states and UTs. The index evaluates export preparedness based on policy, business ecosystem, export ecosystem, and export performance pillars, along with ten sub-pillars. Coastal states like Tamil Nadu, Maharashtra, Karnataka, and Gujarat performed well in the index. The report encourages states to improve their business and export ecosystems, invest in research and development, and explore new markets to enhance their global footprint. It also fosters competitive federalism and peer-learning among states.
Government of India Announces Auction for Sale of 7.17% GS 2030, New GS 2037, and 7.25% GS 2063
The Government of India (GoI) plans to auction three government securities: ‘7.17% GS 2030,’ ‘New GS 2037,’ and ‘7.25% GS 2063.’ The auctions will be conducted by the Reserve Bank of India on July 21, 2023. The securities will be allotted to eligible individuals and institutions, and both competitive and non-competitive bids should be submitted electronically. The auction results will be announced on July 21, 2023, with payment due on July 24, 2023. The securities will be eligible for “When Issued” trading as per the guidelines issued by the Reserve Bank of India.
India’s Startup and Unicorn Growth to Skyrocket in Next 4-5 Years: Minister
Startups and unicorns in India are expected to experience significant growth in the next 4-5 years, according to the Union Minister of State for Skill Development & Entrepreneurship. The tech landscape has expanded beyond IT and ITes, with emerging areas like AI, deep tech, and web 3. The government’s favorable policies have contributed to a rise in the number of recognized startups, and the minister believes India will have 10,000 unicorns in the next few years. The Skill India initiative aims to address the skills gap and enhance collaboration between industry, academia, and the government.
National
Coordination Committee Reviews Preparations for India’s G20 Summit in New Delhi
The Principal Secretary to the Prime Minister of India chaired the 6th meeting of the Coordination Committee on India’s G20 Presidency. The meeting focused on reviewing administrative arrangements for the G20 Summit in New Delhi on September 9th and 10th. All agencies were urged to work together to ensure the success of the summit. Dry runs and mock exercises will be conducted at the summit venue to facilitate seamless cooperation among different agencies.
Department of Consumer Affairs’ Chintan Shivir: Launch of Bharat Dal Sale & Channa Promotion Campaigns
The Department of Consumer Affairs conducted a Chintan Shivir to review work and develop an action plan for implementing Prime Minister Narendra Modi’s “Vision 2047.” Shri Piyush Goyal launched the ‘Bharat Dal Sale Campaign’ and ‘Channa Promotion Campaign’ as part of the AatmaNirbhar Bharat initiative. Goyal appreciated the department’s efforts in stabilizing tomato prices and encouraged the use of data analytics and artificial intelligence for consumer grievance redressal. The discussions at the Shivir covered topics such as consumer protection, quality assurance, and new technologies.
NTPC Wins ET HR World Future Skills Awards 2023 for AI/AR/VR Learning and Upskilling
NTPC, a power generation company, has won the Economic Times HR World Future Skills Awards 2023 for their use of AI/AR/VR in learning and upskilling. They were also recognized for their extended enterprise learning program. The awards highlight NTPC’s commitment to utilizing virtual reality (VR) in their learning and development initiatives. NTPC has implemented various innovative training programs, including iGuru, GPiLearn, FutureSkills courses, and Samarth modules. The company’s HR practices have been commended at national and international levels.
Global Food Regulators Summit 2023: Enhancing Food Safety and Collaboration
The Global Food Regulators Summit 2023, organized by the Food Safety and Standards Authority of India (FSSAI), will take place in Delhi on 20th and 21st July. Over 40 countries’ food regulators, along with representatives from international organizations and research institutes, will participate. The event aims to focus on food safety and aligns with India’s G20 Presidency theme. The summit will facilitate collaboration among regulators, harmonization of standards, and the provision of safe food globally. Various initiatives will be launched, including a comprehensive food standards reference, a global regulators database, and a unified IT portal for food regulators in India.
Over 2 Million New Employees Join Employees’ State Insurance Scheme in May: Gender-Wise Analysis Reveals Surprising Trends
In May, over 2 million new employees joined the Employees’ State Insurance Scheme. Approximately 24,886 new establishments were registered during this period. Among the new registrations, the majority were individuals aged 25 and below, accounting for 9.40 lakh employees. Moreover, around 3.96 lakh female members and 71 transgender employees also enrolled in the scheme.
India’s Remarkable Progress: Over 130 Million Lifted from Poverty, Says NITI Aayog Report
The NITI Aayog announced that over 130 million people in India have been lifted out of poverty between 2015-16 and 2019-21, according to the National Multidimensional Poverty Index. The index shows a decline in multidimensional poverty from 24.85 percent to 14.96 percent during this period. The report highlights the progress in reducing poverty in rural areas, with a decrease from 32.59 percent to 19.28 percent. Uttar Pradesh, Bihar, and Madhya Pradesh have experienced the highest declines in poverty. Factors such as nutrition, education, sanitation, and cooking fuel have contributed to the reduction in poverty. The National Multidimensional Poverty Index provides a comprehensive assessment of poverty at different levels, guiding reform plans for states and districts. India is on track to achieve Sustainable Development Goals target 1.2 ahead of schedule.
Vande Bharat Train Fire Near Bina: All Passengers Safe, Efforts Underway to Extinguish Fire
A fire broke out in a coach of the Vande Bharat train near Bina, Madhya Pradesh. The fire started with the battery and all 36 passengers were safely evacuated. The fire brigade is currently working to extinguish the fire.
International
IEA Oil 2023 Report: India’s Growing Energy Demand and Shift Towards Clean Energy
The International Energy Agency (IEA) and Petroleum Planning and Analysis Cell (PPAC) launched the IEA Oil 2023 report in Delhi. India’s energy demand is growing rapidly, and it is expected to surpass China as the main source of growth by 2027. India aims to blend 20% ethanol in petrol by 2025 for decarbonization. The report predicts a slowdown in global oil demand by 2028 due to the shift toward cleaner energy technologies. Electric vehicles, biofuels, and improved fuel economy will reduce oil consumption. However, China and India will continue to experience growth. Biofuels production is expected to increase, with Brazil, Indonesia, and India leading the way. Global investments in oil and gas exploration are on the rise, but they exceed what is needed for a net-zero emissions world.
Russia Suspends Black Sea Grain Deal Following Bridge Attack, Will Return After Demands Met
Russia has suspended its participation in a Black Sea grain deal due to its non-implementation, but claims that it is not related to the recent attack on the bridge to Crimea. The agreement, brokered by Turkey, allowed Ukrainian grain exports through the Black Sea while facilitating the movement of Russian food and fertilizer amid Western sanctions. Russia intends to resume participation once its demands are met.
First-Ever BIMSTEC Foreign Ministers Meeting Held in Bangkok, Thailand
The first-ever BIMSTEC Foreign Ministers meeting took place in Bangkok, Thailand. Foreign Minister S. Jaishankar met with the foreign ministers of BIMSTEC member nations during his visit to Bangkok. Previously, he co-chaired the 12th Mekong Ganga Cooperation (MGC) meeting and emphasized the need to expedite projects, including the India-Myanmar-Thailand trilateral highway.
Sports
Carlos Alcaraz Shocks Novak Djokovic to Claim Historic Wimbledon Victory
Carlos Alcaraz, a 20-year-old Spaniard, shocked Novak Djokovic to win the Wimbledon men’s singles title. Alcaraz is now the youngest man to reach the Wimbledon final since 1985 and the first Spanish man to win Wimbledon since Nadal in 2010. This victory marks the first time Djokovic has been defeated in a Grand Slam final since 2019 and the first time he has been beaten on Centre Court since 2013. Alcaraz’s win signifies a changing of the guard in men’s tennis and establishes him as a top contender in future tournaments.
Indian Contingent Shines with 27 Medals at Asian Athletics Championship 2023
Indian Prime Minister Narendra Modi congratulated the Indian contingent for winning 27 medals at the 25th Asian Athletics Championship 2023. The athletes achieved their best performance, securing 6 gold, 12 silver, and 9 bronze medals. Notable victories include Jyothi Yarraji’s gold and silver in sprint events, and DP Manu’s upgrade from bronze to silver in javelin throw. India also won silver and bronze in women’s shot put and silver in 800m races. The relay teams clinched bronze and silver medals, marking a successful tournament for India.
India A Clinch ACC Men’s Emerging Teams Asia Cup 2023 with Convincing Win over Nepal
India A defeated Nepal by 9 wickets to win the ACC Men’s Emerging Teams Asia Cup 2023. Nepal scored 167 runs while batting first, and India A reached the target in 122.1 overs. This is India A’s first title in the tournament, and it serves as a boost for their preparations for the Under-19 World Cup. Yash Dhull, the captain of India A, was the star performer in the final, scoring 56 runs and taking 3 wickets. The tournament provides an opportunity for young players to showcase their talent, and India A will now focus on the upcoming Under-19 World Cup.
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