Daily Current Affairs 18th April 2023 For All Government Examinations

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100th G20 meeting under India's G20 Presidency

India achieved a significant milestone in its G20 Presidency with the hosting of its 100th G20 meeting, the Meeting of Agriculture Chief Scientists (MACS) in Varanasi.

The 2nd Health Working Group in Goa, the 2nd Digital Economy Working Group in Hyderabad and the Space Economy Leaders’ Precursor Meeting in Shillong are also being held.

Background

The handover of the G20 Presidency to Prime Minister Narendra Modi at the G20 Bali Summit on 16 November 2022, India’s year-long G20 Presidency commenced on 1 December 2022, and would continue until 30 November 2023. Earlier on 8 November 2022, Prime Minister had launched the G20 logo and had unveiled India’s G20 Presidency theme – “Vasudhaiva Kutumbakam”- “One Earth. One Family. One Future”. Designed in the colours of India’s national flag, the G20 logo symbolizes our pro-planet approach and growth amidst challenges.

G20 Summit

The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States) and European Union. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.

WPI inflation eases to 29-month low of 1.34% in March

Wholesale Price-based Inflation (WPI) for March 2023 declined to a 29-month low of 1.34 per cent. WPI inflation stood at 3.85 per cent in February and at 4.80 per cent in January this year.

Decline in the rate of inflation in March, 2023 is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products.

RBI imposes ₹23.23 lakh penalty on The Karnataka State Co-operative Apex Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹23.23 lakh (Rupees Twenty Three Lakh and Twenty Three Thousand only) on The Karnataka State Co-operative Apex Bank Ltd. (the bank), for non-compliance with the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 as well as directions issued by RBI on ‘Membership of Credit Information Companies (CICs)’.

Indian Railways registers record Revenue of ₹2.40 Lakh Crore for FY 2022-23

Indian Railways has registered record revenue figures of Rs. 2.40 Lakh Crores for Financial Year 2022-23. This is nearly Rs.49,000 Crores more than the previous year, reflecting 25% growth.

During this financial year 2022-23, Freight revenue too has leapfrogged to Rs.1.62 lakh Crores, a growth of nearly 15% on previous year. Indian Railways’ passenger revenues have registered an all-time high growth of 61% to reach Rs.63,300 Crores. After three years, Indian Railways is able to fully meet the pension expenditures.

In terms of Traffic revenue, Indian Railways earned Rs 63,300 Cr. as passenger revenue in 2022-23 as compared to Rs 39,214 Cr. in 2021-22 which is 61% higher than the last financial year.

Ministry of Steel to organize India Steel 2023 from 19th April 2023

The Union Ministry of Steel, in association with the Department of Commerce, Union Ministry of Commerce and Industry, and industry chamber FICCI is organising India Steel 2023, a conference and International Exhibition on the steel industry, from April 19-21, 2023, at the Mumbai Exhibition Centre in Goregaon, Mumbai.

Aims

The event aims to bring together industry leaders, policymakers, and experts to discuss the latest developments, challenges, and opportunities in the steel industry.

Background

The India Steel 2023 exhibition will showcase advanced technologies, products, and solutions from the Indian steel industry. This biennial event will provide a unique platform for attendees to engage with industry leaders, gain insights into future growth prospects, and explore opportunities for collaboration in the rapidly evolving Indian steel landscape.

Centre approves development of Oil Jetty at Deendayal Port in Gujarat

Union Minister for Ports, Shipping & Waterways Sarbananda Sonowal approved the project of Development of Oil Jetty No.09 at Deendayal Port, Kandla to Handle all Types of Liquid Cargo at Kandla on BOT basis under PPP mode.

The estimated Project Cost of developing this Oil Jetty is Rs.123.40 Crore where the project is to be implemented through PPP mode and the Concessionaire shall arrange the financing for the Project. While the construction period is estimated to be of 24 months the Concession Period will be for 30 years. The project will follow a revenue Share Model of Royalty Per Ton.

Second meeting of G20 Digital Economy Working Group begins in Hyderabad

The G20 second Digital Economy Working Group meeting has begun in Hyderabad. The meeting focused on digital public infrastructure, cyber security and skilling.

About 140 delegates from member countries, invitee countries and international organisations will be deliberating upon various issues during the three-day meeting.

2-day Global Conference on Compressed Biogas begins in New Delhi

A two-days Global Conference on Compressed Biogas is underway in New Delhi. The theme of the Conference is - Towards Progressive Policy Framework for a Robust CBG Foundation and Growth.

Aims

The aim of this Conference is to apprise the industry regarding the initiatives taken by the Central Government for the development of the Compressed Biogas Industry and to identify the areas where policy modifications are required.

President Droupadi Murmu to visit Himachal Pradesh from 18-21 April

The President of India, Smt Droupadi Murmu will visit Himachal Pradesh from April 18 to 21, 2023 and will stay at Rashtrapati Niwas, Mashobra.

On April 18, 2023, the President will inaugurate a Tulip Garden at Mashobra. On the same evening, she will attend a civic reception to be hosted in her honour by the government of Himachal Pradesh at Raj Bhavan, Shimla.

On April 19, 2023, the President will interact with the officer trainees of Indian Audit & Accounts Service at the National Academy of Audit & Accounts, Shimla. She will also grace the 26th convocation of Himachal Pradesh University at Shimla.

On April 20, 2023, the President will visit the Indian Institute of Advanced Study. Later, she will host an ‘At Home’ reception at the Rashtrapati Niwas. The Rashtrapati Niwas will be opened for public viewing on the same day.

President Droupadi Murmu presents National Panchayat Awards

The President of India, Smt Droupadi Murmu presented National Panchayat Awards and inaugurated National Conference on Incentivization of Panchayats in New Delhi.

Online Common Entrance Exam for Army Requirements as Agniveer

The Indian Army has transformed the procedure for recruitment of Agniveers, Junior Commissioned Officers and other categories with the introduction of a Computer Based Online Common Entrance Exam as the first step.

The online Common Entrance Examination (CEE) for eligible registered candidates has commenced at 375 Examination Centers in 176 pan-India locations today and will continue till 26 April 2023.

The online exam is being conducted with assistance from Education Consultancy Services India Limited, a Mini Ratna Company under the Ministry of Education.

New recruitment procedure: Army Recruitment

The new recruitment procedure will be carried out in three stages. In stage one, all candidates who have registered and applied online on @www.joinindianarmy.nic.in will undergo Online Common Entrance Exam. In stage two, the shortlisted candidates will be called for recruitment rallies from June 2023 onwards in phases at locations decided by respective Army Recruitment Office where they will undergo Physical Fitness Test and Physical Measurement Test. Finally, in Stage three the selected candidates will undergo a Medical Test. Thereafter, the final merit list of the successful candidates will be declared.

The modified recruitment system will make the recruitment process more streamlined, transparent and is designed to optimally exploit the latest IT infrastructure available in the nation.

Shaili Singh makes 2nd longest jump 6.76m in Indian History, Qualifies for Asian Games

At the Indian Grand Prix-4 in Bengaluru, Shaili Singh won in the women's long jump. Shaili Singh became India's second highest long jumper with a personal best of 6.76m and qualified for the Asian Games.

19-year-old Shaili is now the second best Indian athlete after Anju Bobby George (6.83m).

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Daily Current Affairs 18th April 2023 For All Government Examinations