Daily Current Affairs: 17 January 2023 | 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 17 January 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.

Current Affairs for Competitive Exam – 17 January 2022

Viacom18 bagged Women’s IPL media rights for Rs 951 cr for next 5 years

Women’s IPL: The Board of Control for Cricket in India (BCCI) has announced that Viacom 18 have grabbed the media rights for the upcoming Women’s IPL for a whopping Rs 951 crore for five years, pipping other bidders, including Disney Star and Sony, in the auction. The cricket board held an auction for the T20 League in Mumbai. The global rights comprise three categories linear (TV), digital and combined (TV and digital). In the men’s IPL, separate rights are sold across regions. The first week of March is probably when the inaugural Women’s IPL will start. There will be five competing teams, and Mumbai will host each match.

January 2023 Current Affairs Quiz

Viacom18 had won the IPL digital rights for Rs 23,758 crore while Disney Star had retained the TV rights for Rs 23,575 crore for a five-year period starting 2023 during a three-day auction held in June, 2022. The five-team WIPL will consist of 134 matches over the course of five years, with 22 games in each of the first three years. The number could touch 34 matches each in the final two years. BCCI is anticipating growth in WIPL over the next few years

The Women’s T20 Challenge was initially held as an exhibition tournament, but the BCCI last year eventually made the decision to introduce the WIPL, with the first season’s opening match scheduled for March. Although the BCCI has not officially released the tournament’s schedule, it is widely accepted that the first season’s 22 matches, which will take place between March 5 and March 23, will occur during those dates.

Uncapped cricketers have been given two alternatives, while players with caps–those who have represented India or are currently on a central contract–can select either Rs. 30 lakh, Rs. 40 lakh, or Rs. 50 lakh as their base pricing (Rs. 10 lakh and Rs. 20 lakh). Prior to the WIPL, the base price has been separated into five categories, ranging from Rs. 10 lakh to Rs. 50 lakh. The auction’s registration cutoff date is January 26.

MEDIA RIGHTS PITCH: Women’s versus Men’s IPL

• WIPL media rights for 2023-27: Rs 951 crore; Per-match value: Rs 7.09 crore
• Men’s IPL media rights for 2023-27: Rs 48,390 crore (Disney Star/Viacom18); per-match value: Rs 118 crore

Important takeaways for all competitive exams:

• BCCI President: Roger Binny;
• BCCI Headquarters: Mumbai;
• BCCI Founded: December 1928.

Akane Yamaguchi & Viktor Axelsen win Malaysia Open women’s, men’s singles crowns

Malaysia Open Super 1000 titles: In Kuala Lumpur, Malaysia, Akane Yamaguchi and Viktor Axelsen respectively won the women’s and men’s singles competitions at the Malaysia Open Super 1000. Yamaguchi, the reigning world champion, registered a come-from-behind win over world no. 4 An Se Young to clinch the Super Series Premier title. At the 2017 China Open, Yamaguchi earned her first Super Series Premier title. The men’s singles final saw a repeat of last month’s World Tour Finals. Axelsen, the regaining Olympic and world champion, won the Malaysia Open title in straight games, beating Japanese youngster Kodai Naraoka in 40 minutes. This was Axelsen’s ninth Super Series Premier title and third Malaysia Open crown.

January 2023 Current Affairs Quiz

Other winners in different categories:

• The top-ranked women’s doubles team in the world, Chen Qingchen-Jia Yifan of China, easily defeated Baek Hana-Lee Yulim of South Korea 21-16, 21-10 in 52 minutes.
• In mixed doubles, the world no. 1 pairing of Zheng Siwei-Huang Yaqiong, carrying on their last season’s dominating display, claimed the season’s first Super Series Premier title.

B20 India Inception Meeting to be Held in Gandhinagar from January

B20 India Inception Meeting to be Held in Gandhinagar from January: From January 22 to 24, 2023, Gandhinagar will host the Business 20 (B20) India Inception Meeting’s first 15 meetings. The Gujarat Government to host a dinner for G20 delegates followed by a delegation visiting the Dandi Kutir. Prime Minister Narendra Modi has accepted leadership of the G20 on behalf of India. The nation aspires to play an important role on the world stage by finding practical global solutions for the welfare of all. The G20 chairman for India is a historic event as it comes while celebrating the ‘Azadi Ka Amrit Mahotsav’.

January 2023 Current Affairs Quiz

B20 India Inception Meeting to be Held in Gandhinagar from January- Key Points

• In September 2023, the 18th G20 Summit will take place.
• Gujarat will be a part of this historic event and has prepared itself to complete facilities to conduct discussions, consultations, and meetings.
• The B20 India Inception Meeting’s first 15 sessions will take place in Gujarat.
• Union Minister of Commerce & Industry, Textile, Consumer Affairs, Food & Public Distribution Piyush Goyal, Union Minister of Railways, Communications, Electronics & Information Technology Ashwini Vaishnav, Chief Minister of Gujarat Bhupendra Patel and G20 India’s Sherpa Amitabh Kant will be present in the event.
• The Gujarat government will host a dinner for the G20 delegates after which the delegation will visit the Dandi Kutir and it will also experience the rich cultural tradition of Garba and Dandiya at the Amphitheatre of Mahatma Gandhi Mandir.
• The government has also organized a Yoga and Ayurveda session for the G20 delegates at Punit Van in Gandhinagar.
• The B20 India Secretariat, which is R.A.I.S.E, has drafted the main agenda for the B20 Inception Meeting.
• It will be based on the theme ‘Responsible, Fast, Innovative, Sustainable, and Equitable Business’.

States’ Gross Fiscal Deficit Set to Fall in 2022-23, Says RBI

States’ Gross Fiscal Deficit Set to Fall in 2022-23, Says RBI: The Reserve Bank of India (RBI) said that the finances of Indian states are projected to improve in 2022-23 with the consolidated gross fiscal deficit to gross domestic product ratio seen falling to 3.4 percent from 4.1 percent for the previous year. On the back of a broad-based economic recovery and the associated high revenue collections, the fiscal health of the states has improved from a dramatic pandemic-induced deterioration in 2020–21. During the pandemic years, states’ finances were under pressure due to rising expenditures and limited revenue growth.

January 2023 Current Affairs Quiz

The debt of the States is expected to ease from 31.1 percent of GDP in 2020–21 to 29.5 percent in 2022–23, although it is still more than the 20 percent suggested by the Fiscal Responsibility and Budget Management Review Committee in 2018. 

A Buffer Fund For Long Term Capital Expenditure:

When revenue collection is good, the central bank urged governments to establish a fund for longer-term expenses. It is worthwhile considering creating a capex buffer fund during good times to smoothen and maintain expenditure quality and flows through the economic cycle, the central bank added. Despite a significant increase in federal government capital expenditures, which has an impact on economic growth, the report found that state capital spending expanded by just 0.9 percent from April to October of the previous year.

States are boosting current expenditures, such as that wages, interest payments, and subsidies, at a faster rate in the current fiscal year than they are spending on longer-term infrastructure projects. Further financing for areas like infrastructure, health, education, and switching to renewable energy sources was also mentioned as having the potential to increase future productivity. It is prudent to think about setting up a capex buffer fund while revenue flows are robust.

The report added that states also need to encourage and facilitate higher inter-state trade and businesses to realise the full benefit of spillover effects of state capex across the country.

It also said that the state’s net market borrowing for 2022–2023 (up to the end of 2022) was Rs 3.02 lakh crore. They are expected to raise Rs 3.41 lakh crore (gross) during January – March 2023.

The actual market borrowings of states over the first nine months of this fiscal year were significantly lower than the indicative calendar. For the remainder of the year, the quantum of issuance by states is likely to be influenced by the size of monthly tax devolution, the release of the pending GST compensation, the disbursement of interest-free capex loans to states and actual capital spending.

To crowd in private investment, state governments may continue to focus on creating a congenial ecosystem for the private sector to thrive.

Fiscal Responsibility and Budget Management (FRBM) Act:

The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 sets a bar for the government to lay a foundation of monetary limitations in the Indian Economy. It contributes to the improvement of the management of public funds and lowers the fiscal deficit rate as well. The FRBM Act also allows for the use of an escape clause in times of disaster or national security. In such cases, the government may deviate from its target annual fiscal deficit.

Key features of the FRBM act:

• The FRBM is responsible for maintaining and placing things in a union budget document in parliament every year which is mandatory.
• Items that the government should maintain along with the budget documents are – Specifications of Medium Term Fiscal Policy Statement, Specifications of Macroeconomic Framework Statement, and Specifications of Fiscal Policy Strategy Statement.
• It was suggested that the statement of medium-term fiscal policy include all four fiscal indices, including revenue deficit as a percentage of GDP, fiscal deficit as a percentage of GDP, tax revenue as a percentage of GDP, and total amount still owing as a percentage of GDP.

Barcelona beats Real Madrid in Spanish Super Cup final 2023

Spanish Super Cup: With a 3-1 victory over Real Madrid, Barcelona has captured the Spanish Super Cup for the first time since the competition was revamped and moved to Saudi Arabia. Robert Lewandowski, Gavi and Pedri scored a goal each at King Fahd Stadium in Riyadh to give Barcelona its first Super Cup trophy since 2018, and the first since the tournament’s Final-Four format began in 2020 in a lucrative deal for the Spanish football federation. Additionally, it was Barcelona’s first championship since Lionel Messi left the club for Paris Saint-Germain in 2013 and since former player Xavi took over as head coach in 2021.  Barcelona have now won the Super Cup a record 14 times. Madrid have 12 to their name.

January 2023 Current Affairs Quiz

Other important points

• The Super Cup used to be played between the Spanish league champion and the Copa del Rey winner. Now the runners-up in both competitions also participate.
• Madrid played as the league champion and Barcelona as the league runner-up.
• The current contract to play the Super Cup in Saudi Arabia runs through the 2024-25 season.

World’s richest actor list, Shah Rukh Khan beats Tom Cruise

World’s richest actor list, Shah Rukh Khan beats Tom Cruise: Bollywood actor Shah Rukh Khan with his more than three decades of work in the film industry has garnered millions of fans all over the world and an estimated net worth of ₹627 million ($770 million), making him the richest actor in Asia and fourth richest actor all over the world. Shah Rukh Khan ranked fourth on the list of the eight richest actors in the world, surpassing other incredibly well-known and cult celebrities like Tom Cruise, Jackie Chan, and George Clooney.

January 2023 Current Affairs Quiz

The Shah Rukh Khan has made a great impact with his cameos in films like R Madhavan’s Rocketry: The Nambi Effect and Ayan Mukerji’s Brahmastra Part 1: Shiva. Now, ahead of the release of his comeback film, Pathaan, the actor has been featured in the list of the richest actors in the world.

Richest actors in the world:

• Jerry Seinfeld (US): $1 Billion
• Tyler Perry (US): $1 Billion
• Dwayne Johnson (US): $800 million
• Shah Rukh Khan (Indian): $770 million
• Tom Cruise (US): $620 million
• Jackie Chan (Hong Kong): $520 million
• George Clooney (US): $500 million
• Robert De Niro (US): $500 million

SPIC MACAY and Culture Ministry collab on ‘Shruti Amrut’

‘Music in the Park’ series under ‘Shruti Amrut’: This year, SPIC MACAY offers “Shruti Amrut,” a brand-new instalment of its enormously well-liked “Music in the Park” series, in collaboration with the Ministry of Culture and the New Delhi Municipal Council. Eminent musicians from all over the nation performed to highlight the beauty of Indian classical music.

January 2023 Current Affairs Quiz

The first event in this series for 2023 took place at 3 p.m. at Chanakyapuri, New Delhi’s Nehru Park.

Performances at ‘Music in the Park’ series under ‘Shruti Amrut’

• The evening began with a Sarod performance by 7th Generation musician Aman Ali Bangash of the Senia Bangash Gharana.Anubrata Chatterjee (Tabla) and Abhishek Mishra were with him (Tabla).
• After that, Padma Bhushan Begum Parween Sultana of the Patiala Gharana performed Hindustani vocal music with the help of Akram Khan on the tabla, Shrinivas Acharya on the harmonium, and Shadaab Sultana on the vocals.

About SPIC MACAY

The Society for Promotion of Indian Classical Music and Culture Among Youth (SPIC MACAY) is a non-profit youth organisation that organises workshops and programmes of Indian Classical, Folk Music and Dance, Yoga, Meditation, Crafts, and other aspects of Indian culture in order to promote the material and immaterial facets of Indian and global heritage. Over 850 cities throughout the world have chapters of this movement, which was founded in 1977.

Hong Kong DJ, who broadcast for six decades passes away at 98

Hong Kong DJ, who broadcast for six decades passes away at 98: Ray Cordeiro, who interviewed music acts including the Beatles during a six-decade career on Hong Kong radio that earned him the title of the world’s longest-working disc jockey, has passed away. Cordeiro, who was born in Hong Kong in 1924 of Portuguese descent, was recognized by the Guinness Book of Records as the world’s longest-working DJ. After serving as a prison warden and a bank clerk, he began working for Hong Kong’s national broadcaster in 1960. His “All the Way With Ray” show of easy listening music was on RTHK Radio 3 for 51 years until his retirement.

January 2023 Current Affairs Quiz

Cordeiro interviewed the Beatles, then the world’s biggest music act, in 1964 following a study course in London with the British Broadcasting Corp. He said John Lennon recounted their early days in Hamburg, Germany, where they lived in relative poverty and played in clubs. Cordeiro became famous after the Beatles interview was broadcast on Hong Kong radio. He met Tony Bennett and Elton John, and he conducted interviews with other celebrities.

RailTel bags ₹170 cr order for Puducherry smart city project

RailTel bags ₹170 cr order for Puducherry smart city project: Indian Railway’s wholly owned subsidiary, RailTel Corporation of India Ltd has received an order worth ₹170.11 crores from the Puducherry government.

Agenda: To design, develop, supply, install, test, commission, and operations, and maintenance of integrated command control centre (ICCC) and other associated activities for the smart city.

January 2023 Current Affairs Quiz

The contract is for five years and will be completed in 10 months. The Smart Cities Mission was launched by PM Modi in 2015. The project’s other components include data center disaster recovery, on street parking management, intelligent traffic management system, development of an online/mobile platform to assist tourists and visitors, city level application and smart dashboard, smart kiosks, smart poles with CCTV, Wi-Fi, air quality monitoring, and digital billboard.

“The Smart Cities Mission (SCM) launched by Government of India is a very ambitious program with the objective to ensure people gain access to core infrastructure, a clean and sustainable environment, and a decent quality of life through the application of smart solutions,” said Sanjai Kumar, chairman and managing director, RailTel. “The Puducherry order is an important step for RailTel to enter this business segment which is close to our core competence,” he added. It has been noted that several cities where the ICCC is implemented are becoming cleaner due to monitoring of cleaning work through CCTV cameras leading to a reduction in instances of garbage throwing, littering, urination in public, and nighttime burning of garbage etc.

India will be covered by Doppler Weather Radar network by 2025

India will be covered by Doppler Weather Radar network by 2025: Earth Sciences Minister, Dr. Jitendra Singh announced that India will be covered by Doppler Weather Radar Network by 2025, at the 148th Foundation Day of the Indian Meteorological Department. During the event, Minister Dr Jitendra Singh dedicated 4 Doppler Weather Radar Systems to the Western Himalayan States of Jammu and Kashmir, Uttarakhand, and Himachal Pradesh.

Aim: To predict extreme weather events more accurately.

January 2023 Current Affairs Quiz

It will enhance weather monitoring capabilities and benefit the farmers to contribute significantly to the economy. IMD has taken proactive steps to increase the Radar Network from a mere 15 in 2013 to 37 in 2023. Doppler weather radar, commonly known as Weather Surveillance Radar (WSR), is a type of radar used to find precipitation, determine its motion, and also the type of precipitation (rain, snow, hail, etc.). The intensification and frequency of extreme weather events is one of the most evident repercussions of global warming and the usual occurrence of cold waves or heatwaves, heavy precipitation, and droughts are resulting to take a number of human lives as well.

Hence, the Minister also informed that IMD has augmented the Doppler Weather Radar network in Himachal Pradesh, Uttarakhand, Ladakh, and J&K with the aim to further help to predict extreme weather events more accurately.