Daily Current Affairs and GK | 21 September 2023

By Priyanka Chaudhary | Last Modified: 21 Sep 2023 16:31 PM IST

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Topic: Defence

1. Indian Naval Ships reached Singapore to take part in SIMBEX 23.

  • SIMBEX-2023 is being conducted in two phases in Singapore. The Harbour Phase will be from 21 to 24 September 2023 followed by the Sea Phase.
  • Indian Naval Ships Ranvijay and Kavaratti and submarine INS Sindhukesari are participating in the exercise.
  • Long-Range Maritime Patrol Aircraft P8I is also participating in the exercise from India.
  • A wide range of professional interactions, cross-deck visits, Subject Matter Expert Exchanges (SMEE) and sports fixtures are part of the Harbour Phase.
  • Its main aim is to enhance interoperability and mutual understanding between the navies of India and Singapore.
  • Complex and advanced air defence exercises, gunnery firings, tactical manoeuvres, anti-submarine exercises and other maritime operations will be part of the Sea Phase of SIMBEX 23.
  • India and Singapore have been organizing the SIMBEX exercise since 1994. It is the longest continuous naval exercise that the Indian Navy has with any other country.

SIMBEX-2023

(Source: PIB)

Topic: Art and Culture

2. Nuakhai has been celebrated on 20 September.

  • Nuakhai is an agricultural festival mainly observed by the people of Odisha in India.
  • It is observed to welcome the new rice of the season.
  • It is celebrated on the panchami tithi (the fifth day) of the lunar fortnight of the month of Bhadrapada.
  • It is also celebrated in some areas of Jharkhand and Chattisgarh.
  • Nuakhai is also called Nuakhai Parab or Nuakhai Bhetghat. It is a festival for the worship of food grain
  • The word nua means new and Khai means food so farmers celebrate this festival to welcome new crops.
  • The festival begins with the offering of the new rice to the gods.

Topic: State News/ Uttar Pradesh

3. Uttar Pradesh International Trade Show inaugurated by President Draupadi Murmu.

  • On 21 September, the first Uttar Pradesh International Trade Show inaugurated in India Expo Centre and Mart in Greater Noida.
  • The trade show will run from 21 to 25 September.
  • More than two thousand manufacturers from various sectors including automobile, handicrafts, healthcare, food processing, pharmaceutical, dairy, electronics, and e-commerce will showcase their products.
  • Mumbai Dabbawalas, along with state government departments and institutions, will organize informative sessions on various business activities.
  • 108 new start-ups will also participate in the trade fair.
  • More than five lakh national and international visitors are expected to participate in the trade fair.
  • So far, around 400 participants from over 60 countries have registered for the event.
  • Over 2000 exhibitors will be showcasing their products across various sectors including automobile, handicrafts, healthcare, food processing, pharmaceuticals, dairy, electronics, and e-commerce.

Uttar Pradesh International Trade Show

(Source: News on AIR)

Topic: MoUs and Agreements

4. An MoU signed between the India Global Forum and the World Government Summit.

  • On 20 September, the MoU has been signed between both to develop an Emerging Economies Programme.
  • The MoU was signed by Manoj Ladwa, Founder and Chairman of India Global Forum, and Mohamed al Sharhan, Managing Director, of World Governments Summit.
  • This MoU will bring together key stakeholders including government officials, business leaders, economists, and experts for high-level discussions on sustainable economic growth, geo-economic outlook, and innovative solutions.
  • This partnership will focus on thought leadership, research development on emerging trends, and promotion of opportunities relevant to underdeveloped and developing countries.
  • This program will also serve to continuously expand the field of data for future governments.
  • The World Government Summit is a global, non-partisan, non-profit organization dedicated to shaping the governments of the future.
  • The summit assesses the agenda of the new generation of governments in their various activities, focusing on innovation and using technology to address the universal challenges facing humanity.

India Global Forum and the World Government Summit

(Source: News on AIR)

Topic: International News

5. African Union will launch its own credit rating agency.

  • The African Union is planning to launch a new African credit rating agency in 2024 in response to its concerns about unfair ratings given to African countries.
  • The agency will prepare its own assessment of the credit risks associated with African countries.
  • It will operate within the continent, self-financing its operations.
  • It aims to provide an additional context for investors when making decisions about purchasing African bonds or granting private loans to countries.
  • The leaders of the African Union and its member states claim that the "big three" rating agencies–Moody's, Fitch, and S&P Global Ratings–do not properly assess the debt risks associated with African countries.
  • They also allege that these agencies rapidly downgrade African countries, especially during crises such as the global health crisis.
  • An earlier study conducted by the United Nations revealed that African countries had lost a combined US$74.5 billion due to subjective biases in credit ratings.
  • This was due to lost funding opportunities, and additional interest paid on public debt.

African credit rating agency in 2024

(Source: News on AIR)

Topic: Important Days

6. International Day of Peace 2023: 21 September

  • On 21 September, the International Day of Peace is celebrated.
  • It is celebrated to strengthen the ideals of peace, both within and among all nations and people.
  • The theme of International Day of Peace 2023 is "Actions for peace: Our ambition for the #GlobalGoals".
  • International Day of Peace was started in 1981.
  • In 2001, it was designated as a period of non-violence and cease-fire.
  • The United Nations General Assembly has declared it a day dedicated to strengthening the ideals of peace through 24-hour non-violence and observance of ceasefire.
  • The day promotes global solidarity to build a peaceful and sustainable world.

International Day of Peace 2023

(Source: News on AIR)UP GK - Uttar Pradesh General Knowledge

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Topic: Summits/Conferences/Meetings

7. 13th Indo-Pacific Armies Chiefs Conference (IPACC) will be organized from 26 to 27 September.

  • It will be held at Manekshaw Centre, in New Delhi.
  • This will be the 13th biennial event which will be hosted by the Indian Army and US Army Pacific.
  • Army chiefs of the 30 Indo-Pacific region will attend the two-day conference.
  • The conference will discuss security cooperation, and collective strategies in the Indo-Pacific region.
  • The conference will also discuss the issues of mutual interest in the region.
  • It will also discuss the role of military diplomacy in mitigating the crisis in the region.
  • The two other conferences will also be separately held at Manekshaw Centre. These are the Indo-Pacific Armies Management Seminar (IPAMS), and Senior Enlisted Leaders Forum (SELF).
  • Indo-Pacific encompasses 64% of the world's inhabitants. It contributes 63% of GDP, including 46% of world merchandise trade.

Topic: Summits/Conferences/Meetings

8. The 14th edition of the Global Skills Summit started in New Delhi on 20 September 2023.

  • It is a two-day summit, which aims to focus on creating a road map for a high-quality industry-led skilling ecosystem in India.
  • The theme of the summit is building skills, empowering youth, and creating a future.
  • The summit will see discussions on the ways to make the youth of India skilled for the industry.
  • Ministry of Skill Development and Entrepreneurship Secretary Atul Kumar Tiwari addressed the Summit.
  • He said the country's dynamic workforce seeks immediate post-school opportunities.

Topic: Indian Economy

9. ADB lowered India's GDP projection for FY23 to 6.3%.

  • The Asian Development Bank (ADB) lowered India's gross domestic product (GDP) growth projection to 6.3 per cent from 6.4 per cent.
  • The GDP projection has been decreased due to slowing exports and the likely impact of erratic rainfall on agriculture output.
  • The GDP projection for fiscal (2024-2025) has been retained at 6.7%.
  • ADB has raised their inflation forecast to 5.5% from 5% estimated in April.
  • According to the Asian Development Outlook September 2023, India’s growth will be propelled by robust domestic consumption and investment including government capital expenditure.
  • India’s GDP grew by 7.8 per cent year in the current fiscal year.
  • ADB also lowered the economic growth forecast for developing Asia to 4.7 per cent for this year.
  • This year the Growth in China will be 4.9 per cent, slower than the 5 per cent estimated previously.
  • ADB cited three main risks - the impact of the weakness in China’s property sector, supply disruptions due to the Russia-Ukraine war and export curbs amid the risk of droughts and floods caused by El Nino.

Topic: Awards and Prizes

10. Government will now recognise scientists with Rashtriya Vigyan Puruskar under four categories.

  • The government has decided to makeover Science awards as Rashtriya Vigyan Puraskar under 4 categories.
  • These four categories will be as follows: Vigyan Ratna, Vigyan Shri, Vigyan Yuva–Shanti Swarup Bhatnagar, and Vigyan Team.
  • The highest honour for young scientists retains the name Shanti Swarup Bhatnagar.
  • This decision has been taken by the government after releasing the final list of Shanti Swarup Bhatnagar awardees.
  • Vigyan Ratna award will be given to scientists for their lifetime achievement.
  • Vigyan Shri will recognise the distinguished contributions of Scientists in their field.
  • Vigyan Yuva Shanti Swarup Bhatnagar will encourage young scientists and will be given for their exceptional contributions in their field.
  • Vigyan Team Award will be given to teams of three or more.
  • These awards will start in 2024. Nominations for the awards will be accepted from January 14 and February 28.
  • The Rashtriya Vigyan Puraskar will be awarded in 13 domains. Only 3 persons will be awarded with Vigyan Ratnas yearly.
  • Every year, 25 Vigyan Shri, 25 Vigyan Yuva, and 3 Vigyan Team will be given. Vigyan Yuva will have an age limit of 45 years.
  • A committee under the chairmanship of the principal scientific adviser will select the awardees.

Topic: Important Days

11. World Alzheimer's Day: 21 September

  • World Alzheimer’s Day is observed each year on 21 September.
  • 'Never too early, never too late' is the theme for this year’s World Alzheimer's Day.
  • Alzheimer’s is a neurodegenerative disease that leads to dementia.
  • German psychiatrist and pathologist, Alois Alzheimer described it for the first time in 1906.
  • Its symptoms are memory-related difficulties, mood swings, and disorientation.
  • It may be inherited genetically or caused by head injuries, depression, and hypertension.

Topic: Geography

12. Vanadium has been discovered off the Gujarat Coast.

  • It was discovered in the samples collected by the Geological Survey of India (GSI).
  • The samples were collected from the Gulf of Khambhat near the Alang town in Bhavnagar district.
  • Vanadium is a rare element. Titanomagnetite is the primary source of it. 88% of the world's Vanadium is extracted from it.  
  • Its lack of occurrence in pure form makes its extraction costly.
  • It has uses as industry raw material and has uses in the defence sector as well.
  • It can be used to strengthen steel and titanium. It is also used in jet engine parts and electrical components because of its durability against corrosion and high temperatures.
  • In February 2023, reserves of lithium were discovered in the Salal-Haimana area of the Reasi district. Lithium reserve was also found in Rajasthan's Degana.

Topic: State News/ Uttar Pradesh

13. Uttar Pradesh government has declared 29 June as Traders’ Welfare Day.

  • This day coincides with Bhamashah’s birth anniversary.
  • Bhamashah was an aide of Maharana Pratap whose moral and financial support is believed to have helped Maharana reclaim most of his lost territory.
  • The government has also decided to hold an investors’ summit in every district to recognise and honour prominent local business leaders and industrialists on the day,
  • The businessperson who pays the highest taxes in the state will be felicitated.
  • The Uttar Pradesh Sangeet Natak Academy would receive more than ₹1.70 crore to host a state-level cultural event on the day.
  • Six departments would provide financial support. These departments and financial support include ₹30 lakh by Tourism, ₹30 lakh by Information and Public Relations, ₹20 lakh by MSME, ₹20 lakh by Khadi and Village Industries, ₹20 lakh by Social Welfare and ₹50 lakh by Culture department.

Topic: National News

14. TRAI has given the recommendations on ‘Rationalization of Entry Fee and Bank Guarantees.’

  • TRAI has decided to lower down the entry fee for the telecom circle/ metro area from ₹1 crore earlier to ₹50 lakh in case of access service.
  • It has recommended that the entry fee should be lowered from ₹50 lakh to ₹25 lakh for J&K and North-East.
  • TRAI has recommended to the Government to reduce the entry fees across various license authorizations.
  • Telecom Regulatory Authority of India (TRAI) has also recommended to the Government the merging of bank guarantees.
  • It has also recommended no entry fee at the time of renewal of the license.
  • Entry Fee is a fixed one-time amount. It must be paid by prospective entrants to enter a market.
  • Entry Fees are non-refundable. These form start-up costs for a firm.
  • A Bank Guarantee is a type of financial instrument to safeguard the interests of the Government.
  • It makes sure that the licensee pays its dues on time. It also ensures that the licensee fulfills their obligations as per the terms and conditions prescribed in the license agreement.
  • In July 2022, TRAI issued a consultation paper on “Rationalization of Entry Fee and Bank Guarantees”.
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