Daily Current Affairs for Competitive Examinations: February 06, 2023
The section on current affairs is included in the question paper for almost every competitive examination like UPSC, SSC, IAS, Railway-RRB, UPPSC, UGC NET, SBI, MPPSC, and so on. Furthermore, if we have an effective preparation strategy, scoring high in this section is not difficult. Any exam’s current events section may be aced by candidates with the correct resources and daily news analysis.
Our experts at Embibe have chosen the most current occurrences from across the world and have put them in this article. To provide students with the most recent current affairs, we analysed the day’s most recent news, from The Hindu to the BBC.
Motivation++
“If you really look closely, most overnight successes took a long time”
– Steve Jobs
Current Affairs: Economy
India Raises Defence Budget
India recently proposed ₹5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial estimates, aiming to add more fighter jets and roads along its tense border with China.
Important Data:
Total allocation: ₹5.93 lakh crore
Revenue allocation: ₹2.7 lakh crore
Capital expenditure: ₹1.62 lakh crore
Pension: ₹1.38 lakh crore
Civil: ₹22,612 crore
Major highlights:
The non-salary revenue outlay has gone up by 44% from ₹62,431 crore the previous year to ₹90,000 crore in the Budget Estimates for 2023-24.
The fund allocated to the sector is for the following purposes:
Cater to the sustenance of weapon systems and platforms, including ships and aircraft, and their logistics;
Boost fleet serviceability; emergency procurement of critical ammunition and spares;
Procuring and hiring of niche capabilities to mitigate capability gaps wherever required;
Progress stocking of military reserves; and
Strengthening forward defences
Capex for defence: It received a nominal 7% increase compared with the 33% rise in the country’s overall capital expenditure commitment.
Capital expenditure for military modernisation also saw a 6.7% rise by ₹10,230 crore year-on-year to ₹1.62 lakh crore.
There was also a major hike in the allocation of defence pensions because of the revision of the ‘One Rank One Pension’ (OROP) scheme.
The enhanced allocations will also cater to training aids and simulators for Agniveers and ensure they achieve the set training standards for induction in the defence forces.
Question:
Consider the following statements about the Defence Budget 2023-24
India recently proposed ₹5.94 trillion ($72.6 billion) for defence spending
Capital expenditure is more in the budget in comparison to revenue expenditure
India’s budget expenditure is the same as Pakistan’s in terms of GDP spending
Use the following codes to determine which of the above statements is/are correct
A. Only 1
B. Only 2 and 3
C. Only 1 and 3
D. Only 1 and 2
Answer: A
Check out the Highlights of the Economic Survey 2022-23 by clicking on the link given below: Economic Survey 2022-23
Current Affairs: International
Australia to Replace Queen Elizabeth’s Image on Its Banknote
The Reserve Bank of Australia recently said that a new design would replace the image of Queen Elizabeth II on its A$5 banknote in order to honour and commemorate the history of its indigenous culture.
Details:
The death of Queen Elizabeth in 2022 has reignited debate in Australia about the country’s future as a constitutional monarchy.
Voters narrowly decided to keep the British monarch as the country’s head of state in a referendum in 1999.
According to an official statement, the federal government, which supports the reform, was consulted before Australia’s Central Bank decided.
According to the company, the Australian Parliament will still be visible on the reverse side of the note.
About $5 Banknote of Australia:
Despite the fact that the position is mostly ceremonial, King Charles III, who succeeded his mother as the monarch of the United Kingdom, also serves as the head of state of Australia, New Zealand, and 12 other Commonwealth nations other than the United Kingdom.
Australia announced in September 2022 that Queen Elizabeth would not necessarily replace King Charles on A$5 notes but could be replaced by Australian figures.
Authorities have stated that the Queen’s personality, rather than her position as monarch, influenced the decision to put her image on the A$5 Australian note.
Question:
Recently, which of the following commonwealth countries replaced the image of Queen Elizabeth II on its banknote with its cultural heritage design?
A. Canada
B. New Zealand
C. Australia
D. South Africa
Answer: C
Current Affairs: Awards and Recognitions
Former PM Manmohan Singh Conferred Lifetime Achievement Honour in the UK
Former prime minister Dr Manmohan Singh was recently conferred a Lifetime Achievement Honour by the India-UK Achievers Honours in London for his contribution to economic and political life.
The Honour, announced at an awards ceremony recently, will be handed over to Dr Singh in New Delhi by the National Indian Students and Alumni Union (NISAU) UK at a later date.
Details:
The India-UK Achievers Honours by NISAU UK, in partnership with the British Council in India and the UK’s Department for International Trade (DIT), celebrate the achievements of Indian students who studied at British universities and the Lifetime Achievement Honour is a nod to Dr Singh’s academic achievements at the Universities of Oxford and Cambridge.
Related Facts:
British Indian peer Lord Karan Bilimoria received the Living Legend Honour at the awards ceremony on 25 January.
Opposition Labour Party MP Virendra Sharma, another patron of NISAU UK, was also conferred the Living Legend Honour.
Among the Outstanding Achievers honoured included Bollywood actor Parineeti Chopra, Aam Aadmi Party (AAP) spokesperson Raghav Chadha, Serum Institute of India CEO Adar Poonawalla and Indian women’s football team goalkeeper Aditi Chauhan.
Question:
Who among the following has recently been conferred a Lifetime Achievement Honour by the India-UK Achievers Honours in London?
A. Narendra Modi
B. Manmohan Singh
C. Rahul Gandhi
D. Sashi Tharoor
Answer: B
Current Affairs: Ecology
Pallas’s Cat: Rare Species Discovered on Mount Everest for the First Time
For the first time, the mountains have witnessed the Pallas’s cat on Mount Everest, in the Sagarmatha National Park in Nepal.
This incident has been documented in a new paper which has been published in Cat News, according to a release by the Wildlife Conservation Society.
National Geographic and Rolex Perpetual Planet Everest Expedition are behind this ground-breaking discovery.
About Pallas’s Cat:
The Pallas’s cat (Otocolobus manul), also known as the manual, is a small wild cat with long and dense light grey fur.
Its rounded ears are set low on the sides of the head.
It has been recorded across a large area, albeit in widely spaced sites in the Caucasus, Iranian Plateau, Hindu Kush, parts of the Himalayas, Tibetan Plateau, Altai-Sayan region and South Siberian Mountains.
It finds shelter in rock crevices and burrows and preys foremost on lagomorphs and rodents.
The female gives birth to between two and six kittens in spring.
Conservation Status:
IUCN: Least concern
CITES: Appendix II
Sagarmatha National Park:
Sagarmatha is an exceptional area with dramatic mountains, glaciers and deep valleys, dominated by Mount Everest, the highest peak in the world (8,848 m) in the Solu-Khumbu district of Nepal.
The park is home to several rare species, such as the snow leopard and the red panda.
Question:
Which of the following national parks in the Himalayas has recently discovered a rare cat called Pallas’s Cat for the first time?
A. Dachigam National Park
B. Khangchendzonga National park
C. Hemis National Park
D. Sagarmatha National Park
Answer: D
Current Affairs: National
MP Govt Renames Bhopal’s Islam Nagar village as ‘Jagdishpur’ with Immediate Effect
The Madhya Pradesh government announced that Islam Nagar village, situated in the Bhopal district, has been renamed Jagdishpur.
In an official release, the MP administration declared the changes and mentioned the change in the name with immediate effect.
Details:
The Centre gave its no objection last year, the notification said. Islam Nagar is located at a distance of around 12 km from Bhopal and is famous for forts. According to several accounts, the name of Islam Nagar used to be Jagdishpur 308 years ago.
One account said in 1719, Islam Nagar became the capital of the Bhopal region after ruler Dost Mohammad Khan took control of the area. In 1715, Jagdishpur was renamed Islam Nagar.
Earlier, the Madhya Pradesh government changed the name of Hishangabad to Narmadapuram and Nasrullahganj to Bhairunda.
Meanwhile, Mughal Garden in Delhi University’s North Campus has been renamed as the ‘Gautam Buddha Centenary’ Garden.
Question:
What was the erstwhile name of the place that the Madhya Pradesh government recently renamed Jagdishpur?
A. Nasrullahganj
B. Islam Nagar
C. Hoshangabad
D. Khanpur
Answer: B
Check out the Highlights of Union Budget 2023 by clicking on the link given below: Union Budget 2023-24
Current Affairs: International
India to be the Theme Country at the 2025 Madrid International Book Fair
India will be invited as the focal country at the Madrid International Book Fair in 2025, the Ambassador of Spain to the country, Jose Maria Ridao, said recently.
Spain is the theme country at the 46th International Kolkata Book Fair, which began on Monday, the 30th of Jan.
About Madrid International Book Fair:
The Fair began in 1933.
It ceased for a few years because of the Spanish Civil War.
The Madrid Book Fair is international in scope. Although it mainly features books from Spanish-speaking countries, the event promotes the literature of a guest country that may speak another language.
In 2018 the guest country was Romania; in 2019, it was the Dominican Republic.
The events scheduled for 2020 and 2021 were suspended because of the COVID-19 pandemic in Spain.
Fact book – 03-02-23
Maru Mahotsav 2023
Maru Mahotsav, or the Jaisalmer Desert Festival, is celebrated in Rajasthan during the month of February every year.
This year the event has been organised from 2 to 5 February.
It is a four-day-long annual event.
Along the way, groups of artists performed folk dances like Kalbelia, Horse, Kachhi Ghodi, Gair, etc.
The centre of attraction in this cultural festival is Celebrities Night and events on the sandy dunes of Pokhran Khudi.
A bunch of popular personalities, including Milind Gaba, Aastha Gill, and Sawai Bhatt, will perform at the event.
The Ministry of Defence became the largest buyer of MSME goods in 2022
The Ministry of Defence emerged as the largest buyer through MSME sellers.
In 2022, the Ministry of Defence envisaged procurement of goods and services worth ₹16,747 crore from the MSME sector. This was 250% more than the purchases made in 2021.
Among the states, Uttar Pradesh procured the maximum. Uttar Pradesh procured goods and services worth ₹9,642 crore through GeM.
Follow-on Public Offer (FPO)
Adani group recently called off its FPO.
FPO, also known as a secondary offering, is the additional issuance of shares to investors after the initial public offering (IPO), i.e. stocks already listed on the stock exchange.
Purpose: To diversify equity base, raise additional capital for expansion or pay off debt.
Types of FPOs:
Dilutive FPO, i.e., issuance of additional fresh shares to the public to raise capital.
Non-Dilutive FPO, i.e., issuance of existing private shares by largest shareholders.
At-the-Market FPO, allows companies to raise funds on the current market price of the shares in real time.
Bal Mitra
It is a WhatsApp chatbot launched by the Delhi Commission for the Protection of Child Rights.
A chatbot is a computer program that uses artificial intelligence (AI) and natural language processing (NLP) to understand customer questions and give responses to them.
It will enable communication between people and the child rights panel.
It aims to provide authentic information on various matters related to children and their rights and ensure confidentiality of the matters reported through it.
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