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General Awareness

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Daily G.K. - Top Stories

19 Mar 2023

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Bhutan's Graduation from the UN List of Least Developed Countries

  • At the United Nations Least Developed Countries (LDC) Summit that concluded in March 2023 in Doha, Qatar, the landlocked Himalayan kingdom of Bhutan was no longer on the list of LDCs and became only the seventh country to graduate from the list.
  • Bhutan was included in the first group of LDCs in 1971. However, over the last few decades, it has made remarkable progress on a variety of socio-economic metrics.
  • Bhutan first fulfilled the requirements for graduation in 2015, and then again in 2018. Bhutan was therefore scheduled to graduate in 2021.
  • However, the UN viewed Bhutan's request to match the effective graduation date with the conclusion of the nation's 12th national development plan in 2023 as a legitimate request and thus postponed the delisting.
  • Six countries that have graduated from Least Developed Country status are Botswana in December 1994, Cabo Verde in December 2007, Maldives in January 2011, Samoa in January 2014, Equatorial Guinea in June 2017 and Vanuatu in December 2020.

Japan, UK, Italy Push Joint Fighter Jet Development by 2035

  • Japan, Britain, and Italy reaffirmed their commitment to push joint development of a next-generation fighter jet as a centrepiece of their increasingly close defence ties in the face of growing threat from China, Russia and North Korea.
  • In December 2022, Japan announced a joint next-generation fighter jet development with the UK and Italy as it looks to expand defence cooperation beyond its traditional ally, the United States.
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BUSINESS AND ECONOMY

Anup Bagchi to Take over as MD & CEO of ICICI Prudential Life Insurance

  • Private sector life insurer ICICI Prudential Life Insurance will see a change of guard as N. S. Kannan, the current Managing Director (MD) & Chief Executive Officer (CEO), will superannuate from his services after the completion of his term in June 2023. Anup Bagchi, presently serving as Executive Director of ICICI Bank, will succeed him after that as the MD & CEO of the company for five years, with effect from June 19, 2023, subject to the approval of the insurance regulator.
  • Bagchi has been serving as the ED of ICICI Bank, the parent organisation of ICICI Bank, since 2017.

Rajesh Gopinathan Quits as TCS CEO; K. Krithivasan Appointed CEO-Designate

  • In an unexpected move, Tata Consultancy Services (TCS) Managing Director (MD) and Chief Executive Officer (CEO) Rajesh Gopinathan stepped down to pursue other interests.
  • He has been with the company for over 22 years. The board of directors considered his request to be relieved of his positions, and accepted it. It nominated K. Krithivasan CEO-designate with immediate effect.
  • Gopinathan will continue with the company till September 15, 2023, to provide transition and support to his successor.
  • Founded 1968, TCS has had only four CEOs and Krithivasan will be the fifth. The company has had one of the most stable management teams in the industry. It has its headquarters in Mumbai.
  • TCS is the second largest Indian company by market capitalization and is among the most valuable IT service brands worldwide.

FSIB Recommends Ashwani Kumar for the Post of Managing Director of UCO Bank

  • The Financial Services Institutions Bureau (FSIB), the head-hunter for directors of state-owned banks and financial institutions, recommended the name of Indian Bank Executive Director Ashwani Kumar for the post of Managing Director of UCO Bank.
  • Prior to joining Indian Bank, Kumar was serving as Chief General Manager of Mumbai Zone of Punjab National Bank (PNB).
  • The Financial Services Institutions Bureau (FSIB) interviewed 11 candidates from various public sector banks (PSBs) for the forthcoming positions of MD & CEO in PSBs.
  • It's a government body set up under the department of financial service by central government in 2022.
  • The government was forced to replace the Banks Board Bureau (BBB) with a new entity after the Delhi High Court in 2022 had ruled that the BBB couldn't select the general managers and directors of state-run general insurers, as it was not a competent body.
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SCIENCE & TECHNOLOGY

Chandrayaan-3 Spacecraft Capable of Handling Harsh Launch Conditions

  • India's national space agency ISRO reached a new milestone in the pursuit of a soft landing on the Moon, with the Chandrayaan-3 spacecraft having successfully completed "the essential tests" that validated its capability to withstand the harsh vibration and acoustic environment that the spacecraft would face during its launch.
  • The tests were conducted in the facilities located at U. R. Rao Satellite Centre, Bengaluru.
  • These tests are an essential part of the qualification and acceptance process for any spacecraft.
  • The vibration and acoustic tests carried out on the integrated spacecraft have provided sufficient confidence about its structural integrity and survivability in the launch environment.
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SPORTS

RCB Ropes in Equitas Small Finance Bank as banking partner for IPL 2023

  • Equitas Small Finance Bank announced partnership with Royal Challengers Bangalore (RCB) as their 'Proud Banking Partner' for the 2023 season of T20 League.
  • This is to further add bank's brand ethos of being "The Progressive Bank behind Progressive Champions" and aligns with RCB's all-time motto of being the progressive players in the game.
  • The RCB team will don the Equitas Small Finance Bank logo on the lead trousers as part of the team's jersey. This partnership campaign is aimed to communicate that Equitas has been playing a progressive role in transforming the lives of individuals through their lending and social responsibilities of 'Beyond Banking'.
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NATIONAL AFFAIRS

India and World Bank Sign Loan Agreement for Green NH Corridors Project

  • India and the World Bank signed a loan agreement for the construction of the Green National Highway Corridors Project in four States. The states are Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh. The agreement was signed for the construction of 781 kilometres in these states, with loan assistance of 500 million dollars.
  • The objective of the green highway corridor is to demonstrate safe and green highways keeping in view climate resilience and use of green technologies by incorporating the provisions of conservation of natural resources.

Ayush Ministry, MoRD sign MoU for Skilling of Rural Youth and Empowering Women

  • Ministry of Rural Development signed a Memorandum of Understanding with Ministry of Ayush for skilling of rural youth and empowering women. It is a historic step to make Lakhpati Didis, women with annual earnings of one lakh rupees and more, from the Self-Help Groups. Rural Development Minister Giriraj Singh said that his Ministry is working on a proactive mode to achieve the target of Prime Minister Narendra Modi to have 10 crore SHG members by 2024. As per him, there were 2.35 crore SHG members in May 2014.
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DEFENCE

After BSF, Agniveers to Get 10% reservation in CISF Jobs

  • The Union Home Ministry announced 10 per cent reservation for former Agniveers in vacancies in the Central Industrial Security Force (CISF), a week after taking a similar initiative for jobs for them in the BSF.
  • The ministry also notified relaxation in the upper age limit depending on whether they are part of the first batch or subsequent batches of Agniveers.
  • The announcement was made through a notification after amending the rules made under the Central Industrial Security Force Act, 1968, (50 of 1968).
  • The upper age limit shall be relaxable up to five years for candidates of the first batch of former Agniveers and up to three years for candidates of other batches.
  • Ex-Agniveers will also be exempted from physical efficiency test.
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AWARDS AND HONOURS

Bengaluru Honoured with $150,000 Global Award for Tobacco Control Efforts

  • Bengaluru was among five global cities that were recognised for achievements in preventing non-communicable diseases (NCDs) and injuries, with the Indian tech city's efforts in tobacco control winning a USD 150,000 award by a leading global initiative supported by the WHO.
  • Bengaluru was honoured with the 2023 Partnership for Healthy Cities Award, along with Montevideo in Uruguay; Mexico City, Mexico; Vancouver, Canada and Athens, Greece, at the inaugural Partnership for Healthy Cities Summit held in London.
  • Founded in 2017, the Partnership for Healthy Cities is a global network comprising 70 cities working together to prevent NCDs and injuries. Supported by Bloomberg Philanthropies, in partnership with the WHO and Vital Strategies, the initiative enables cities worldwide to deliver a high-impact policy or programmatic intervention to reduce NCDs and injuries in their communities.
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TOURISM AND HOTEL INDUSTRY AWARENESS

Delhi's IGI Airport Best Airport in South Asia

  • Delhi's Indira Gandhi International Airport was awarded as the best airport in India and South Asia, whereas Singapore's Changi airport was the world's best airport, according to the 2023 World Airport Awards by international air transport rating organisation Skytrax. Doha's Hamad airport, which had bagged the Airport of the Year award for two consecutive years (2021 and 2022), secured the world's second spot this time.
  • Delhi, at the 36th rank, is the only airport from India to have secured a position in the top 50 best airports in the world this year (2023). Meanwhile, Hyderabad Airport won the award as the Best Regional Airport in India and South Asia, and for the Best Airport Staff in India & South Asia. Hyderabad was ranked 65th among the world airports.
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LAW AND CONSTITUTIONAL AFFAIRS

Supreme Court Reserves Verdict on SCBA Seeking Conversion of SC Land into Chamber Block for Lawyers

  • The Supreme Court reserved its judgment on the petition filed by the Supreme Court Bar Association (SCBA), seeking conversion of land measuring 1.33 acres, which was allotted to the Apex Court, into chamber blocks for lawyers.
  • The Bench of Chief Justice of India (CJI) D. Y. Chandrachud, Justice S. K. Kaul and Justice P. V. Narasimha, while saying that it would take some time to deliberate on the issue, told the SCBA that the issue should be taken up with the government on the administrative side.
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