1 August 2023 Current Affairs – The Day’s Top News | GKSERIES
Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 1 August 2023, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
So, here is the Top News of the Day for 1 August 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
Current Affairs for Competitive Exam – 1 August 2023
World Breastfeeding Week 2023: Date, Theme, Significance and History
Every year, World nursing Week is commemorated to emphasise the need of frequent nursing for babies. This year’s nursing week begins on August 1 and ends on August 7. Breastfeeding is extremely crucial for the healthy growth and development of an infant. Breastmilk is the best food for newborn babies. It contains antibodies that aid in preventing several prevalent paediatric ailments.
Daily Current Affairs Quiz: August 2023
Breastfeeding is one of the most effective strategies to ensure child health and survival, according to the World Health Organisation, but now, less than half of newborns under 6 months old are exclusively breastfed. WHO, UNICEF, and numerous Ministries of Health and civil society partners promote the World Breastfeeding Week (WBW) campaign. In 2018, a World Health Assembly resolution endorsed World Breastfeeding Week as an important health promotion strategy, according to the information on the WHO website.
Theme for World Breastfeeding Week 2023
This year’s theme “Let’s make breastfeeding and work, work!” will focus on breastfeeding and work, providing a strategic opportunity to advocate for essential maternity rights that support breastfeeding – maternity leave for a minimum of 18 weeks, ideally more than 6 months, and workplace accommodations after this point.
Significance for World Breastfeeding Week
With a different theme each year, World Breastfeeding Week aims to promote the enabling environments that help women to breastfeed – including support in the community and the workplace, with adequate protections in government policies and laws – as well as sharing information on breastfeeding benefits and strategies, according to the global health body.
According to WHO, national laws do not provide necessary maternity protections to more than half a billion working women. Just 20% of countries require employers to provide employees with paid breaks and facilities for breastfeeding or expressing milk. Fewer than half of infants under 6 months of age are exclusively breastfed.
History World Breastfeeding Week
As per World Alliance for Breastfeeding Action, World Breastfeeding Week was started in 1992. The week is celebrated in commemoration of the 1990 Innocenti Declaration. The Innocenti Declaration was produced and adopted by participants at the WHO/UNICEF policymakers’ meeting on “Breastfeeding in the 1990s: A Global Initiative”, co-sponsored by the United States Agency for International Development (A.I.D.) and the Swedish International Development Authority (SIDA), held at the Spedale degli Innocenti, Florence, Italy, on 30 July- 1 August 1990.
Union Minister Bhupender Yadav launches Resource Efficiency Circular Economy Industry Coalition in Chennai
In keeping with India’s G20 presidency, Union Minister Bhupender Yadav launched the Resource Efficiency Circular Economy Industry Coalition (RECEIC) in Chennai. The coalition aims to promote resource efficiency and circular economy practices worldwide, bringing together companies from various sectors and countries. The event was held in conjunction with the G20’s Environment and Climate Sustainability Working Group and Environment and Climate Ministers Conference.
Daily Current Affairs Quiz: August 2023
The Vision for RECEIC:
Under India’s G20 Presidency, the Resource Efficiency Circular Economy Industry Coalition (RECEIC) was launched to foster resource efficiency and circular economy practices globally. The coalition is meant to be a self-sustaining effort that will continue to operate after India’s G20 presidency, creating a lasting impact on environmental sustainability.
Diverse Participation of Founding Members:
RECEIC comprises 39 companies headquartered in 11 different countries, representing a diverse range of businesses. These companies range from global enterprises to startups and Small and Medium Enterprises (SMEs) in fields such as manufacturing, waste collecting, sorting, and recycling.
Addressing Critical Environmental Challenges:
The world faces pressing challenges such as climate change, biodiversity loss, and pollution. Resource efficiency and circular economy strategies offer compelling solutions to tackle resource scarcity and promote equitable and sustainable development. By transitioning from the linear “take-make-waste” model to a more sustainable and regenerative approach, these strategies optimize resource utilization and minimize waste.
Catalyst for Positive Change:
Union Minister Bhupender Yadav emphasised RECEIC’s importance as a catalyst for action and long-term solutions. Through collaboration, the industry can transform aspirations into tangible actions, facilitating partnerships, technological cooperation, knowledge exchange, and innovative financing.
Guiding Principles of RECEIC:
The coalition operates based on three guiding principles: a. Partnerships for Impact: Collaboration among participating industries to drive meaningful change and collective action. b. Technology Cooperation: Promoting the exchange of innovative technologies to support sustainable practices. c. Finance for Scale: Facilitating access to financing for large-scale adoption of resource efficiency and circular economy practices.
Collaborative Platform for Sustainability:
RECEIC serves as a collaborative platform for sharing best practices, sustainable strategies, and knowledge among participating industries. RECEIC aspires to enhance resource efficiency and circular economy practises on an unprecedented scale by encouraging knowledge sharing.
Torneo del Centenario 2023: Indian women’s hockey team wins title
On July 30, the Indian women’s hockey team won the Torneo del Centrnario 2023 by defeating hosts Spain 3-0 in Terrassa, Barcelona.
Daily Current Affairs Quiz: August 2023
Spanish Hockey International Tournament 2023
The Indian women’s hockey team won the three-nation Torneo del Centenario 2023 competition at Terrassa, Barcelona, defeating hosts Spain 3-0. Indian hockey team remained unbeaten in the 100th Anniversary Spanish Hockey Federation International Tournament 2023 with the help of scores gained by Vandana Katariya, Monika and Udita.
Match against England:
India started this tournament with a 1-1 draw against England and held Spain to a 2-2 stalemate in the next match. A Lalremsiami hat-trick helped India to a 3-0 win over England on 29th July and lifted the team to the top of the table.
First Quarter:
The Indian hockey team started the match with positive intend but could not get the breakthrough in the first quarter despite of getting many chances.
Second Quarter:
In the second quarter, Vandana Katariya’s field goal in the 22nd minute gave India a 1-0 lead heading into the halftime break.
Third Quarter:
Both India and Spain were defensively sound in the third quarter. Monika, who was handed a green card at the end of the second quarter, came back to the field and doubled India’s lead in the 48th minute through a field goal.
Fourth Quarter:
In the starting of the fourth quarter, India made a score of 2-0. Spain committed number of attempts to made goals. However, Indian defender Udita made it 3-0 with two minutes to go to the final hooter and put the game to the end.
Asian Games 2023
After winning the title of Torneo del Centenario 2023 tournament, The Indian hockey team will compete at the Asian Games 2023 in Hangzhou, People’s Republic of China, from September 23rd to October 8th.
England pacer Stuart Broad announces retirement after the Ashes
Stuart Broad, the England bowler, has declared his retirement from the game. After the ongoing Ashes series, he will retire from the game. Broad announced the decision at the end of the third day of the fifth Ashes Test at the Oval. The 37-year-old has appeared in 167 Test matches and taken 602 wickets. He has also played in 121 One-Day Internationals and 56 Twenty-20 Internationals.
Daily Current Affairs Quiz: August 2023
Career of Stuart Broad
Broad, who made his Test debut against Sri Lanka in 2007, will go down as one of the great pacers in the sport – he sits at fifth on the all-time list of wicket-takers, and is one of only two fast bowlers to take over 600 wickets, alongside long-time bowling partner Jimmy Anderson.
He is the only English player with two hat-tricks to his name in Test cricket. His finest hour in Test cricket came against his arch-rivals Australia when put himself in cricketing folklore with a stunning 8/15 at Trent Bridge in 2015. Broad was still blazing on all cylinders at 37 years old, but he decided to call it quits while he was still at the top of his game, telling the captain of his decision last night.
Over 6.23 core loans sanctioned under Pradhan Mantri MUDRA Yojana in FY 2022-23
Over 6 core 23 lakh loans were sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) in Financial Year 2022-23. The objective of PMMY is to offer access to institutional finance to new or existing micro units or enterprises up to 10 lakh rupees.
Daily Current Affairs Quiz: August 2023
He added that the complaints with regard to the implementation of PMMY are redressed in consultation with the respective Banks. The complaints received at the Centralised Public Grievance Redress and Monitoring System are also being taken up with respective Banks for redressal within the prescribed timeline.
Over 14.83 lakh accounts opened under Mahila Samman Savings Certificate Scheme
Under the Mahila Samman Savings Certificate Scheme, Over 14 lakh 83 thousand accounts were opened with total deposits of over 8,000 crore rupees. the newly launched small savings scheme has been exclusively for women and girls. Govt authorized the Department of Posts, all Public Sector Banks, and four Private Sector Banks to operate Mahila Samman Savings Scheme. The scheme will be available for a two-year period up to March 2025.
Daily Current Affairs Quiz: August 2023
The interest rate for MSSC is 7.5 per cent per annum, which is compounded quarterly, and the facility of partial withdrawal and premature closure on compassionate grounds are also available under this scheme, Chaudhary said.
PM Narendra Modi to be conferred with Lokmanya Tilak National Award in Pune
Prime Minister Narendra Modi will receive the Lokmanya Tilak National Award for his remarkable contributions to the progress of the country. PM Modi will be honored with the Lokmanya Tilak Award by Deepak Tilak, President of Tilak Smarak Mandir Trust.
Daily Current Affairs Quiz: August 2023
Lokmanya Tilak National Award –
The Tilak Smarak Mandir Trust founded the award in 1983, and it is presented every year on August 1st, Lokmanya Tilak’s death anniversary, to individuals who have made remarkable contributions to the nation’s development.
Former Kerala speaker Vakkom Purushothaman passes away in Thiruvananthapuram
Vakkom Purushothaman, a former Kerala speaker and prominent Congress leader, died at the age of 95 at his residence in Thiruvananthapuram. He was elected to the Kerala Assembly five times from the Attingal Assembly constituency and became a minister thrice. From 1982 to 1984 and again from 2001 to 2004, he was the longest-serving Speaker of the Kerala Assembly.
Daily Current Affairs Quiz: August 2023
He was also elected to the Lok Sabha twice from the Alappuzha seat, served from 1984 to 1991. Purushothaman worked as the 6th Lieutenant Governor of the Andaman and Nicobar Islands from 1993 to 1996, the Governor of Mizoram from 2011 to 2014, and the Governor of Tripura for two months in 2014.
National Girlfriends Day 2023
National Girlfriends Day is observed on 1 August, every year. National Girlfriends Day 2023 falls on Tuesday, 1 August. This day allows people in romantic relationships to celebrate their bond and their partners.
Daily Current Affairs Quiz: August 2023
The day aims to honor the special women in our lives who bring joy, happiness and love with their unwavering support and healthy companionship. On this day, people observe the day by showering their girlfriends with unconditional love, planning surprises, pampering them with meaningful gifts, and more.
India’s Core Sector Records 8.2% Growth in June, Highest in Five Months
According to the latest data issued by the Ministry of Commerce and Industry on July 31, India’s eight core infrastructure industries grew at an 8.2% annual rate in June, the highest in five months.Coal, crude oil, steel, cement, power, fertilisers, refinery products, and natural gas are key components of the country’s industrial production.
Daily Current Affairs Quiz: August 2023
Overall Growth Trend:
India’s Core Sector Records 8.2% Growth in June, Highest in Five Months.The core sector growth rate for May has been revised up to 5.0% from 4.3% before.
In comparison to June 2022, which recorded a growth rate of 13.1%, the current growth is lower due to a favorable base effect.
However, the total core sector growth for the first quarter (April-June) of 2022-23 is at 5.8%, down from 13.9% in the previous three months.
Sector-Wise Performance:
Steel Sector:
- The steel sector expanded by 21.9% in June, more than doubling the growth rate reported in May (10.9%).
Electricity Sector:
- Electricity production showed substantial improvement, growing by 3.3% in June compared to a mere 0.8% in May.
Coal Sector:
- Coal output increased by 9.8% in June, contributing significantly to the overall sector growth.
Cement Sector:
- Cement production increased by 9.4% in June, somewhat less than the previous month’s rate of 10.9%.
Fertilizer Sector:
- Fertilizer output witnessed a slowdown, growing at 3.4% in June, down from 9.7% in May.
Crude Oil Sector:
- Crude oil output contracted again in June, declining by 0.6%, compared to a 1.9% fall in May.
Factors Impacting Performance:
- Aditi Nayar, chief economist at ICRA, attributed the improved performance in June to factors such as the tardy onset of the monsoon, contributing to increased output growth in sectors like electricity and coal.
Prospects for Industrial Growth:
- The core industries account for over 40% of the Index of Industrial Production, making them significant contributors to overall industrial growth.
- Nayar predicts that industrial growth for June could be in the range of 4-6% despite the moderation in year-on-year performance in several high-frequency indicators.
- Industrial output increased by 5.2% in May, and data for June will be announced on August 11.
Index of Industrial Production (IIP):
India’s Core Sector Records 8.2% Growth in June, Highest in Five Months
- IIP is an indicator that measures changes in the volume of production of industrial products during a specific period.
- It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics, and Programme Implementation.
- IIP is a composite indicator that measures the growth rate of industry groups categorized under broad sectors (Mining, Manufacturing, and Electricity) and use-based sectors (Basic Goods, Capital Goods, and Intermediate Goods).
- The base year for IIP is 2011-2012.
Significance of IIP:
- IIP is used for policymaking by government agencies such as the Ministry of Finance and the Reserve Bank of India.
- IIP is crucial for calculating quarterly and advance GDP (Gross Domestic Product) estimates.
Eight Core Sectors:
The eight main sectors account for 40.27% of the items in the Index of Industrial Production (IIP).
The core sectors, ranked by their weightage, are:
- Refinery Products
- Electricity
- Steel
- Coal
- Crude Oil
- Natural Gas
- Cement
India to host World Coffee Conference in Bengaluru from Sept 25
From September 25 to 28, India will host the 5th World Coffee Conference (WCC) in Bengaluru, where it will showcase its different coffees to buyers from over 80 countries. This is the first time that the event will be held in Asia. The conference aims to create pathways for innovative opportunities and markets, with a special emphasis on benefiting coffee farmers who play a crucial role in the coffee production chain.
Daily Current Affairs Quiz: August 2023
5th World Coffee Conference 2023 in Bengaluru: Promoting Sustainability through Circular Economy and Regenerative Agriculture
“Sustainability through Circular Economy and Regenerative Agriculture” will be the event’s core focus. The event will include conferences, exhibitors, skill-building seminars, a CEOs & global leaders forum, and a farmers conclave. WCC 2023 is expected to draw participants from more than 80 countries.
5th World Coffee Conference 2023 in Bengaluru: Rohan Bopanna Named Brand Ambassador
The International Coffee Organisation (ICO) and the Coffee Board of India will co-organize the event. The ICO functions as the primary intergovernmental organization dedicated to promoting coffee trade and fostering cooperation among coffee-producing and consuming nations. Furthermore, the event will feature tennis player Rohan Bopanna, who has been appointed as its brand ambassador.
The International Coffee Organization (ICO): World Coffee Conference
The International Coffee Organization (ICO) organizes World Coffee Conference to discuss on crucial matters concerning the global coffee industry. With 77 Member Countries and over 900 attendees, including coffee growers and government representatives, the conference serves as a platform for a diverse range of discussions.
Previous four editions of the World Coffee Conference:
| Year | Location |
| 2001 | England |
| 2005 | Brazil |
| 2010 | Guatemala |
| 2016 | Ethiopia |
GST E-Invoice Rule Update: Companies with Turnover > ₹5 Crore Now Mandated to Generate E-Invoices
The Central Board of Indirect Taxes and Customs (CBIC) announced a substantial adjustment in India’s Goods and Services Tax (GST) laws on July 28, 2023. As per the new guidelines, companies with a turnover of more than ₹5 crore will be required to generate electronic invoices (e-invoices) for their business-to-business (B2B) transactions or exports.
Daily Current Affairs Quiz: August 2023
Previously, this requirement applied only to companies with an annual revenue of ₹10 crore or above. The CBIC’s move aims to boost tax collections and compliance under the GST regime. The inclusion of MSMEs in the e-invoicing regime is viewed as a beneficial move that can help both businesses and the government.
Changes for Companies with Turnover > ₹5 Crore:
Beginning August 1, 2023, enterprises having a total annual revenue of more than 5 crore must provide e-invoices for B2B transactions and exports. The previous threshold for e-invoicing was ₹10 crore, but it has now been reduced to ₹5 crore. This change is aimed at increasing compliance and tax collections in the GST system.
Benefits for MSME Sector:
The inclusion of MSMEs in the e-invoicing regime is viewed as a positive step that can enhance the sector’s growth. Experts believe that the expansion of e-invoicing to MSMEs will improve the flow of input tax credit and reduce credit-related issues for suppliers.
The phased implementation of e-invoicing has reduced disruptions, improved compliance, and increased revenue. The change is likely to benefit the broader business environment in the long run by lowering expenses, decreasing errors, ensuring faster invoice processing, and limiting commercial disputes.
Government’s Focus on Raising Revenue and Tackling Tax Evasion:
The reduction in the threshold limit for e-invoicing is expected to help the GST department in raising additional revenue and curbing tax evasion. The government is leveraging robust data analytics and artificial intelligence to identify and track risky taxpayers. Data exchange with partner law enforcement organisations allows for more targeted engagement in addressing tax evasion.