12 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 12 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 12 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 – 12 July 2023

Asia Cup 2023 Schedule, Date, Venue & Teams

Asia Cup 2023 Schedule, Date, Venue & Teams

The Asia Cup 2023 will be contested in Pakistan from August 31 to September 17, 2023. The competition will consist of 50-over ODI matches played at international quality grounds. The 2023 Edition will feature two groups, with two teams from each group qualifying for the Super Four stage. The top two teams from the Super Four stage will then face off in the final.

Daily Current Affairs Quiz: July 2023

Latest Update of Asia Cup 2023

According to Arun Dhumal, the Chairman of the Indian Premier League (IPL), the highly anticipated Asia Cup matches between India and Pakistan will be held in Sri Lanka because the team lead by Rohit Sharma has decided not to travel to Pakistan.

Dhumal, who is currently in Durban for the ICC Chief Executives Meet, confirmed that BCCI Secretary Jay Shah and PCB representative Zaka Ashraf met ahead of the ICC Board meeting, which is scheduled for Thursday, to finalize the schedule. The other three matches will be Afghanistan vs Bangladesh, Bangladesh vs Sri Lanka, and Sri Lanka vs Afghanistan. Pakistan’s only home match will be against Nepal, a relatively weaker team.

Schedule for the Asia Cup 2023

Group Stage

Please note that the “TBC” in the final match indicates that the teams for the final are yet to be determined.

The following are the venues for the Asia Cup 2023

Pakistan and Sri Lanka will host the Asia Cup cricket tournament in 2023. Keep watching this space for updates on the venue.

Asia Cup 2023 Groups

Board of Control for Cricket in India Secretary Jay Sah confirmed that India and Pakistan are in the same group for ODI Asia Cup 2023.

Group 1:

Group 2:

Nepal’s Historic Debut Spot in Asia Cup 2023

Nepal will make its Asia Cup debut in 2023 after winning the ACC Men’s Premier Cup and gaining a spot in the competition. Nepal won the championship match against UAE by seven wickets, with to Gulshan Kumar Jha’s controlled innings of 67 runs from 84 deliveries. This victory ensured Nepal’s qualification for the Asia Cup, marking their first-ever participation in the prestigious tournament.

Asia Cup 2023 Team Squad (Official)

Expected Team India (Squad) – Rohit Sharma (C), Shubhman Gill, Hardik Pandya, Virat Kohli, Ravindra Jadeja, Mohammad Shami, Yuzvendra Chahal, Mayank Aggarwal, Kedhar Jadav

Asia Cup 2023 Details

World Paper Bag Day 2023: Date, Theme, Significance and History

Every year on July 12, World Paper Bag Day is observed to raise awareness of the need of using paper bags rather than plastic bags. This observance serves as a reminder to prioritize environmentally conscious choices in our everyday lives and encourages individuals and businesses to adopt more sustainable alternatives.

Daily Current Affairs Quiz: July 2023

World Paper Bag Day 2023: Theme

The Theme for World paper bag day 2023 is not announced yet.

World Paper Bag Day 2023: Significance

Planet Paper Bag Day is an important day for fighting for a greener, cleaner planet. Plastic bags, because they are non-biodegradable, constitute a serious threat to our planet. They frequently end up in landfills or in the waters, threatening marine life. We may limit plastic trash and help to the preservation of our world for future generations by using paper bags instead.

Paper bags are made from renewable resources and are biodegradable, meaning they can be recycled and easily decomposed without causing harm to the environment. This is one of the primary benefits of using paper bags.

The objective of this day is to raise public awareness about the detrimental impact of plastic bags on the environment and to encourage the adoption of paper bags and other eco-friendly alternatives.

World Paper Bag Day 2023: History

Paper bags date back to the nineteenth century, when Francis Wolle built the first paper bag machine in 1852. This groundbreaking invention revolutionized the production of paper bags, leading to their widespread adoption as a packaging solution.

However, in the 20th century, plastic bags gained popularity due to their convenience and cost-effectiveness. Unfortunately, the environmental consequences of plastic bags became more apparent over time, prompting a renewed interest in paper bags.

San Francisco made history in 1999 when it became the first city to prohibit the use of plastic bags in grocery stores and pharmacies. This milestone marked the beginning of a global movement, with other towns and nations following suit in restricting plastic bag usage. This shift in policies sparked a resurgence in the use of paper bags as a more environmentally friendly alternative.

Today, World Paper Bag Day has evolved into an international event celebrated through parades, festivals, and various activities that promote the adoption of paper bags over plastic bags. It serves as a reminder of the importance of choosing sustainable options and highlights the role of paper bags in reducing the negative impact on our environment.

Wanindu Hasaranga, Ashleigh Gardner wins ICC ‘Player of the Month’ award

The International Cricket Council (ICC) named Sri Lankan spinner Wanindu Hasaranga and Australian women’s team all-rounder Ashleigh Gardner the ‘Player of the Month’ for their outstanding performances in June. Hasaranga earned this honor for his outstanding achievements during the World Cup Qualifier matches in Zimbabwe, where he set new records. Ashleigh Gardner, the hero of the Women’s Ashes, became the first player to win the Player-of-the-Month accolade three times.

Daily Current Affairs Quiz: July 2023

Why Wanindu Hasaranga?

Wanindu Hasaranga played a critical role in Sri Lanka’s successful qualification for the 2023 ODI World Cup in India, which is set to begin on September 5. Hasaranga was the best wicket-taker in the qualifiers, taking 22 wickets in 7 matches at an average of 12.90. He made a significant impact from the very start of the tournament, claiming six wickets against UAE in the opening match. He continued his remarkable performance with figures of 5-13 and 5-79 against Oman and Ireland, respectively. Notably, Hasaranga achieved a significant milestone by becoming the first spinner to achieve three consecutive five-wicket hauls in ODI history.

Why Ashleigh Gardner ?

Ashleigh Gardner played a pivotal role in Australia’s triumph in the Women’s Ashes one-off Test match, where they emerged victorious by a margin of 89 runs. Gardner’s involvement was critical to the success of her team. She scored 40 runs in the first innings and then took four wickets in the second. Her most spectacular achievement, however, came in the second innings, when she single-handedly sealed the victory for her team by taking eight wickets for just 66 runs. Gardner’s exceptional performance proved to be the decisive factor in Australia’s victory in the match.

How they selected?

A vote conducted among a specialist panel comprising ICC Hall of Famers, former international players, media representatives and global cricket fans registered at icc-cricket.com decided the winners, following the announcement of nominees last week.

Important takeaways for all competitive exams: 

• ICC Founded: 15 June 1909;
• ICC Headquarters: Dubai, United Arab Emirates;
• ICC Chairman: Greg Barclay.

Navantia, L&T sign pact to jointly bid for Navy’s P75 (I) submarine programme

Spain’s Navantia, Larsen & Toubro signed a Teaming Agreement in the premises of Spanish Embassy on July10, with the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious Project-75 (India) submarine program.

Daily Current Affairs Quiz: July 2023

Why in News?

• On July 10, Larsen, Toubro, and Navantia inked an agreement at the Spanish Embassy in New Delhi.
• The agreement was signed in the presence of N. Subhramanyam, L&T MD and CEO and Augustin Alvarez Blanco, Naval Construction Vice Presidet, and Member of the Board-Navantia.
• The agreement was formed in order to submit a techno-commercial offer for the famous P-75 (India) submarine project of the Indian Navy.
• Project 75(I) of the Indian Navy requires the Indian bidder to tie up with foreign collaborator and execute the program for delivery of six conventional submarines equipped with Air-Independent Propulsion.
• Project 75(I) is considered India’s greatest defence purchase project, with a budget of more than Euro 4.8 billion.
• Project 75(I) would be the first project to be processed under the ambitious strategic partnership.

Involvement of Navantia:

• Navantia will design P75(I) submarines based on its S80 class of submarines, the first of which launched in 2021 and is currently undergoing sea trials before being delivered to the Spanish Navy at the end of 2023.
• Navantia has also been involved in design and construction of Scorpene class of submarines together with DCNS of France, which have to be exported to Chile and Malaysia.
• Navantia has also been involved in Scorpene Submarines built in India including handholding of the Indian Yard.

About the Project-75(I):

• Project-75(I) is a military acquisition initiative affiliated to India’s Ministry of defence.
• The goal of Project-75(I) is to plan the procurement of diesel-electric submarines for the Indian Navy as well as to develop indigenous private-sector capabilities to design, develop, and produce sophisticated weapon systems to satisfy the Armed Forces’ future demands.
• Project-75(I) provide a major boost to the indigenous design and construction capabilities of submarines in India.
• Project-75(I) also benefits the industrial/manufacturing sector, particularly small and medium-sized businesses involved in the production of submarine spares and equipment.   

Dell joins Intel to launch AI skills lab in India

Dell Technologies and Intel have collaborated to develop an artificial intelligence (AI) centre at the Telangana Institute of Technology. By incorporating Intel’s ‘AI for Youth’ programme into its curriculum, the alliance hopes to overcome the digital skills gap and empower students at Lords Institute of Engineering & Technology in Telangana. This initiative seeks to prepare students for the industry with the necessary expertise for the future job market and foster an AI-ready ecosystem on campus.

Daily Current Affairs Quiz: July 2023

Addressing the Skills Gap

Dell and Intel’s collaboration aims to demystify artificial intelligence for the next generation by introducing Intel’s ‘AI for Youth’ programme into existing curricula. The initiative aims to equip students with the necessary digital skills, reducing the gap between industry demands and the skills possessed by graduates.

Empowering Educators and Students

Intel will train selected teachers to successfully educate pupils on AI principles as part of the agreement. Over 170 hours of AI curriculum will be provided to students, including bootcamps, AI-Thons, virtual showcases, and other events aimed to improve their AI skills.

Building an AI-Ready Ecosystem

A key aspect of the collaboration is the establishment of an AI Skills lab on the campus, where students can gain hands-on experience and develop AI-driven solutions. The lab will foster innovation in emerging AI technologies, including natural language processing (NLP), computer vision, and statistical data analytics.

Creating Social Impact

Dell and Intel emphasise the necessity of employing artificial intelligence for societal good. Students will be able to build unique solutions to real-world social difficulties by incorporating AI into their projects. This approach promotes the ethical and responsible use of AI to drive positive change.

Expanding the Partnership

Dell and Intel intend to expand their partnership to more educational institutions in India. They hope to develop a statewide AI-ready student population that can effectively face future difficulties and contribute to the country’s technological advancement by cooperating with more schools and colleges.

Important takeaways for competitive examinations

• CEO of Dell Technologies: Michael S. Dell
• CEO of Intel: Patrick P. Gelsinger

Nari Adalats: Women-Only Courts for Alternative Dispute Resolution

The Indian government is introducing a ground-breaking project known as Nari Adalats, which are village-level women-only courts. These courts serve as alternative conflict resolution platforms for topics such as domestic violence, property rights, and patriarchal system challenges. By providing a platform for resolution outside of the traditional judicial system, the government aims to empower women and promote gender justice.

Daily Current Affairs Quiz: July 2023

What is Alternate Dispute Resolution (ADR)?

• Alternative Dispute Resolution (ADR) refers to the process of resolving conflicts outside of the legal system and formal trials.
• It covers various types of matters, including civil, commercial, industrial, and family disputes.
• A neutral third party helps the parties concerned communicate and establish a mutually acceptable agreement.
• ADR is non-adversarial and aims to reduce the burden on courts by facilitating cooperative resolutions.

Types of ADR:

1. Arbitration: Disputes are submitted to an arbitral tribunal that makes a binding decision on the matter.
2. Conciliation: A non-binding method in which an unbiased conciliator helps the parties find a mutually acceptable settlement.
3. Mediation: An impartial mediator helps parties communicate and work towards a mutually acceptable resolution without making decisions.
4. Negotiation: Parties engage in direct discussions without third-party intervention to arrive at a negotiated settlement.
5. Lok Adalat: Lok Adalats are volunteer organisations that deliver party-based justice by discussion, persuasion, and mutual consent.

What are Lok Adalats?

• Lok Adalats are a component of the Indian legal system that provide affordable and speedy justice through collaboration between citizens and judges.
• They have statutory status under the Legal Services Authorities Act, 1987.
• Lok Adalats have jurisdiction over pending court cases and matters that have not yet been brought before a court (pre-litigation stage).
• Lok Adalat rulings are considered civil court decrees, and their rewards are final and binding with no appellate process.
• Filing cases in Lok Adalats does not require payment of court fees.

The Nari Adalat Initiative:

• The Ministry of Women and Child Development, under the Sambal sub-scheme of Mission Shakti, will implement the Nari Adalats.
• Initially launched as a pilot project in 50 villages in Assam and Jammu and Kashmir, the initiative will expand to the entire country in the next six months.
• The Ministry of Panchayati Raj, the Ministry of Rural Development, and MeitY’s Common Service Centres will collaborate on implementation.
• The scheme draws inspiration from the Parivarik Mahila Lok Adalats (People’s Court of Women) previously run by the National Commission for Women.
• The Nari Adalats aim to focus on reconciliation, grievance redressal, and raising awareness of women’s rights and entitlements.

Structure of Nari Adalats:

• Each Nari Adalat in a village will consist of 7-9 members or Nyaya Sakhis (legal friends).
• Half of the members will be elected members of the gram panchayat, while the other half will be women with social standing, such as teachers, doctors, and social workers, nominated by villagers.
• The Nyaya Sakhis will appoint a Mukhya Nyaya Sakhi (top legal friend) to preside over the Nari Adalat for a six-month period.
• Although Nari Adalats do not hold legal status, their primary focus is on reconciliation, grievance redressal, and promoting awareness of rights and entitlements.

CarTrade Tech to acquire OLX India’s auto business for Rs 537 cr

Mumbai-based used cars platform CarTrade Tech Ltd will acquire online marketplace OLX India’s auto sales business for Rs 537 crore.

Daily Current Affairs Quiz: July 2023

CarTrade will acquire a 100% stake in Sobek Auto India Pvt Ltd, the entity that houses OLX India’s automotive business, in an all-cash deal.

The acquisition will likely to be completed in 21-30 days. The company which had raised funds from investors such as Temasek Holdings and Tiger Global prior to its public offering in 2021 had Rs 1,185 crore cash and cash equivalents on its books on a standalone basis. 

Sobek is a company incorporated under the Companies Act, of 2013. It is engaged in the business of running an automotive digital platform.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI – The Digital Insurer. TDI with 50k+ members from 100+ countries, hosted the 8th edition of The World’s Digital Insurance Awards to showcase some of the most innovative projects in the insurance industry.

Daily Current Affairs Quiz: July 2023

Recognition: Bajaj Allianz Life’s ground-breaking WhatsApp Conversational Platform – empowering customers to digitally services their policies seamlessly

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel and Union Minister of State for communications Devusinh Chauhan on July 8 launched the ‘Antyodaya Shramik Suraksha Yojna’ an accident insurance scheme, from Nadia of Kheda district in Gujarat.

Daily Current Affairs Quiz: July 2023

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

Objective of the Scheme:

• The objective of the Antyodaya Shramik Suraksha Scheme is to give priority to the welfare and safety of our Shram Yogis so that they can get financial security in case of an accident happen to them at the work place.
• Its aim is to remember the contribution and dedication to the laborers in India’s development and provide them with necessary social security.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

By increasing awareness among citizens and consistently improving the availability of sanitation facilities, the first phase of Swachh Bharat Mission-Urban was successful in achieving the target and 100% of urban India was declared Open Defecation Free.

Daily Current Affairs Quiz: July 2023

SBM-U 2.0’s mandate was to make Urban India Garbage Free and move beyond ODF. In the last 8 years the Mission has changed the narrative to revolutionise sanitation and waste management and catapulted behaviour change in countless citizens. The second phase of Swachh Bharat Mission-Urban became a people’s movement and helped in the large-scale mobilization and involvement of citizens. It was a significant step forward in the march towards effectively addressing the challenges of rapidly urbanizing India, while contributing towards achievement of the Sustainable Development Goals 2030. PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each.

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities.

L&T and Spain’s Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

Daily Current Affairs Quiz: July 2023

On April 11 this year, the two had signed a Memorandum of Understanding (MoU) to bid for the Indian Navy’s submarine tender under Project-75 (India).

P75 (India) Submarine Project is expected to be valued at €4.8 billion. Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy.

Bangladesh and India Launch Trade Transactions in Rupees to Reduce Dollar Dependence

Bangladesh and India Launch Trade Transactions in Rupees

Bangladesh and India have begun trading in rupees, hoping to lessen dependency on the US dollar and strengthen regional currency and commerce. This bilateral trade agreement marks a significant milestone for Bangladesh, moving beyond the US dollar for trade settlement with a foreign country.

Daily Current Affairs Quiz: July 2023

Trade Settlement in Rupees: A Historic Step:

Bangladesh Bank Governor Abdur Rouf Talukder describes the introduction of rupee-based trade settlement as the “first step in a great journey.” The move signifies the growth and economic cooperation between India and Bangladesh, fostering mutual benefits.

Lower Transaction Fees and a Dual Currency Card:

The introduction of the Taka-Rupee dual currency card, expected to be launched from September, will further facilitate trade between the two countries. The dual currency card will help reduce transaction costs during trade with India, enhancing convenience for traders and strengthening economic ties.

Formalizing Trade in Rupees:

While border trading between Bangladesh and India has persisted in certain localities known as “border huts,” legitimate trade will now be done in rupees. Initially, the trade will be transacted in rupees, with a gradual shift towards using the Bangladeshi currency, Taka, as the trade gap decreases.

Nostro Accounts and Market-Based Exchange Rate:

Nostro accounts for foreign currency transactions have been issued to banks in both Bangladesh and India. The exchange rate will be determined based on market demand, ensuring transparency and efficiency in the trade process.

Trade Figures and Economic Outlook:

Bangladesh’s exports to India total USD 2 billion, while imports from India total USD 13.69 billion, according to official figures. Some economists express skepticism about the immediate benefits for Bangladesh due to the trade deficit. However, Governor Talukder emphasizes the broader impact on exporters and importers in both countries.

Prime Minister Modi will be conferred the Lokmanya Tilak Award for the year 2023

Indian Prime Minister Modi will be conferred with this year’s prestigious Lokmanya Tilak Award on August 1st, 2023 on the anniversary of Lokmanya Tilak. Dr. Deepak Tilak and Rohit Tilak, Chairman of Tilak Smarak Foundation announced on July 10 in Pune, Maharashtra.

Daily Current Affairs Quiz: July 2023

Tilak and Vice-President Dr. Rohit Tilak said that the award is being awarded to Modi for the concept of Atmanirbhar Bharat which has helped the country climb the ladder of progress, and for awakening the feeling of patriotism among the citizens, and putting India on the global map.