1 July 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 July 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 July 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 July 2023

Ministry of Culture and Canara Bank signed an MoU

The Ministry of Culture and Canara Bank signed an MoU for the disbursal of financial assistance to veteran artists under the “Scheme for Financial Assistance for Veteran Artists”. Ministry of Culture has administered a Scheme under which financial assistance of Rs. 6000 per month is provided to artists and scholars above 60 years

Eligibility: Contributed in their specialized fields of performing arts and culture in their active age or are still contributing.

Currently, under the scheme, disbursal of financial assistance in respect of artists selected before 2017 is made through the LIC while for the artists approved post-2017, it is made directly by the ministry, according to an official statement issued by the ministry. It has been noted that the receipt of documents from the beneficiaries often gets delayed resulting in disbursal of the amount as a lump sum instead of being released on a regular basis, it said.

ICICI Lombard, ICICI Prudential launch combi product ‘ishield’

ICICI Lombard General Insurance and ICICI Prudential Life Insurance have jointly launched a combi product, ‘iShield’, which will provide customers with both, health and life insurance. The plan will enable customers to take care of expenses required for medical treatments. Besides, it will also provide a lump sum amount to the family in case of the unfortunate demise of the policyholder.

The “use and file” procedure allows an insurer to launch a product without prior approval of the regulator.

A combi product offers the benefits of life insurance, along with that of general or other insurance covers. The health insurance component covers expenses related to hospitalization, day-care treatments, pre and post-hospitalization, and homecare treatment, to name just a few. On the other hand, the life insurance cover will continue till the age of 85, ensuring the family has sufficient financial resources to continue with their lives.

Health ailments and the risk of loss of life pose the greatest threat to customers and their family’s financial security. The twin benefits of health and life insurance, offered by this solution, make this a must-have to ensure financial security.

Meta launches $250K mixed reality fund for 5 Indian startups

Meta declared a fresh Mixed Reality program in India that has an award of $250,000 for homegrown new companies and developers to construct applications and experiences. The fund seeks to nurture innovation and build an ecosystem of extended reality (XR) technologies in the country, the company said in a statement.

They can assemble applications utilizing the expansive scope of machine perception, and AI capabilities for the Meta Quest Platform and Metaverse

Aim: To foster innovation and establish a national XR technology ecosystem.

A selected group of 5 Indian developers and new companies will get a monetary grant.

After Merger, HDFC to vault into ranks of world’s most valuable banks

According to Bloomberg, after the tie-up of HDFC Bank Ltd and Housing Development Finance Corp, the lender would rank fourth in equity market capitalization.

It’s valued at about $172 billion.

With the merger likely effective July 1, the new HDFC Bank entity will have around 120 million customers, which is greater than the population of Germany. JPMorgan Chase & Co ranked first, followed by Industrial and Commercial Bank of China Ltd and Bank of America Corp.

India’s first-ever report on Critical Minerals for India unveiled

Union Minister of Mines Pralhad Joshi has unveiled India’s first-ever report on Critical Minerals for India. Complementing the efforts of the Ministry, Shri Joshi pointed out that it is for the first time India has identified the comprehensive list of critical minerals taking into account the requirements of sectors like defence, agriculture, energy, pharmaceutical, telecom etc. The effort is India’s roadmap for Aatmanirbharbharat, the Minister added.

The report identifies 30 critical minerals essential for sectors including defense, agriculture, and telecom.

This list marks a milestone in India’s pursuit of self-reliance and security in mineral resources, aligning with the vision of achieving ‘Net Zero’ targets.

Aim: To guide policy formulation, strategic planning, and investment decisions in this sector.

World Bank approves $1.5 billion for India’s low-carbon energy sector

The World Bank has approved $1.5 billion in financing to accelerate the development of India’s low-carbon energy sector.

Aim: To help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments

The program will support the successful implementation of the National Green Hydrogen Mission which aims to stimulate $100 billion in private-sector investment by 2030.

Gernot Dollner appointed as Chairman and CEO of Audi

German luxury car brand Audi has appointed Gernot Dollner as Chairman of the Board of Management, effective September 1, 2023.

He will take over Markus Duesmann.

Gernot Dollner joined Volkswagen as a Ph.D. candidate in 1993 and subsequently served in a number of management roles at Porsche, including as head of Concept Development and head of the Panamera Series. Since 2021, he has overseen the Volkswagen Group’s Product and Group Strategy and the General Secretariat.

Turkmenistan unveils ‘Arkadag’, a smart city in honor of the national leade

A US$5 billion ‘smart’ city named Arkadag was inaugurated in Turkmenistan, in honour of former strongman leader Gurbanguly Berdymukhamedov.

Turkmenistan President, Serdar Berdymukhamedov has unveiled the city around 30km southwest of the capital, Ashgabat.

The new city is built in the foothills of the picturesque Kopet-Dag mountains and named after Gurbanguly Berdymukhamedov. He ruled the country between 2006 and 2022 and now carries the title Hero Arkadag (Protector).

T20 World Cup Winners List from 2007 to 2023 (Updated)

The table below details the winners of the ICC Men’s T20 World Cup from 2007 to 2022. The most recent tournament, held in Australia in 2022, saw the final match between Pakistan and England take place on November 13th at Melbourne Cricket Ground. England emerged victorious in the final, becoming the champions of the ICC Men’s T20 World Cup 2022. For a comprehensive list of previous winners, refer to the table below.

ICC Men’s T20 World Cup Winners List (2007-2022)

The ICC T20 Cricket World Cup is a global tournament organized by the International Cricket Council (ICC). It was first held in South Africa in 2007, and the most recent edition, the Men’s ICC T20 Cricket World Cup 2022, took place in Australia from October 16th to November 13th, 2022. In this article, we present a comprehensive list of the winners of the T20 World Cup from 2007 to 2022. Let’s explore the champions of the T20 World Cup across these years.

ICC Men’s T20 World Cup Winners List

ICC Men’s T20 World Cup Winner List- Country-Wise

T20 World Cup 2022 Winner

The T20 World Cup 2022 has concluded, and England emerged as the new champions of the ICC Men’s T20 World Cup. In the first semifinal, Pakistan competed against New Zealand, and Pakistan emerged victorious, becoming the first team to secure a spot in the final of the ICC T20 Men’s World Cup 2022. The second semifinal was a match between India and England, with England winning by 10 wickets and becoming the second team to qualify for the finals.

Dream11 now principal jersey sponsor of Indian cricket team

According to sources, the popular fantasy gaming site Dream11 has apparently replaced Byju’s as the Indian cricket team’s major shirt sponsor from July 2023 to March 2026. According to reports, the sale was acquired at a base price of Rs 358 crore. Byju’s had become the principal sponsor in 2019 after the smartphone brand Oppo decided to transfer the remaining period of its sponsorship term, having been associated with Team India for two and a half years.

In March 2022, Byju’s extended its jersey sponsorship deal with the Board of Control for Cricket in India (BCCI) until the end of 2023 for a sum of $55 million. It quit after the end of the last financial cycle and reports say that BCCI invited closed bids for new sponsors on June 14. Dream11 was one of the major bidders. The Indian men’s cricket team has been without a jersey sponsor ever since Byju’s exit. In case of principal jersey sponsors, the money given for every bilateral fixture where the sponsors name is in the middle of the shirt is three times more compared to what it pays for an ICC fixture where the centre of the jersey carries the country name and sponsors logo doesn’t get a vantage positioning.

From Wills and ITC to Dream11

Wills and ITC sponsored the jerseys for nearly a decade in the 1990s until Sahara came on board and stayed the longest. Between 2002 and 2013, a group managed by Subrata Roy sponsored the jerseys until monetisation of cricket entered a very competitive field, which saw Star India on the team jerseys between 2014 and 2017.

Next, OPPO and Vivo, the two Chinese phone manufacturing companies, were up against each other for the next cycle and OPPO outbid Vivo for the 2017-2022 cycle. Next was ed-tech start-up Byju’s which took over midway through OPPO’s five-year cycle and a signed a contract which ran until November 2022.

The market conditions prompted Byju’s to not continue with the deal and since then Team India has been without a jersey sponsor. The wait will now end with Dream 11 coming on board. The fantasy gaming platform, which is growing at a rapid pace, was the title sponsor of IPL 2020 in the past and continues to have many active cricketers on board as promoters of the platform.