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 3 February 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 – 3 February 2022
V Ramachandra appointed by RBI as member of Advisory Committee of SIFL, SEFL
V Ramachandra appointed as member of Advisory Committee of SIFL, SEFL: The Reserve Bank named V Ramachandra, a former chief general officer of Canara Bank, to the advisory committees of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited on Tuesday (SEFL).
February 2023 Current Affairs Quiz
V Ramachandra appointed by RBI as member of of SIFL, SEFL: Key Points
- After replacing the boards of SIFL and SEFL in October 2021, the RBI established a three-member advisory panel to assist the administrator of the two troubled businesses.
- During the corporate insolvency resolution process, the Advisory Committee shall provide advice to the Administrator regarding the management of SIFL and SEFL.
- The other two members of the committee are T. Srinivasaraghavan, a former managing director at Sundaram Finance Limited, and Venkat Nageshwar Chalasani, a former deputy managing director at the State Bank of India.
- The National Company Law Tribunal’s Kolkata Bench received applications from the RBI in October 2021 to begin the corporate insolvency resolution procedure against SIFL and SEFL (NCLT).
About Advisory Committee of SIFL, SEFL
The three-member committee established pursuant to the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, “will remain as the advisory body” following the NCLT’s admission of the petitions.
About SREI Group
In addition to almost Rs 10,000 crore in bonds and borrowings from other countries, Srei Group, which largely services the infrastructure and MSME sectors, owes over Rs 18,000 crore to about 15 lenders, including Axis Bank, UCO Bank, and State Bank of India.
Srei Equipment Finance stated in a regulatory filing earlier this month that its administrator had received a report from the transaction auditor on several fraudulent transactions in 2019–20 and 2020–21, which had a financial impact of more than Rs 3,025 crore on the Srei group.
Babita Phogat joins Oversight Committee panel formed against WFI
Babita Phogat joins Oversight Committee panel: Former wrestler Babita Phogat joined the oversight committee set up to investigate the allegations made against the Wrestling Federation of India (WFI). The Oversight Committee is also looking into claims of sexual misbehaviour, harassment, and/or intimidation, as well as financial and organisational irregularities made by well-known athletes.
February 2023 Current Affairs Quiz
Babita Phogat joins Oversight Committee panel
This month’s IOA emergency Executive Council meeting, which was also attended by IOA President PT Usha, joint secretary Kalyan Chaubey, and individuals such as Yogeshwar and Abhinav Bindra, resulted in the creation of the committee.
Who all are the members of the Oversight Committee panel formed against WFI?
- The Oversight Committee is now led by MC Mary Kom, the Chairperson of the Athletes Commission and the Khel Ratna Award laureate. Babita Phogat is the sixth member of the committee.
- Yogeshwar Dutt, a Khel Ratna Awardee, is on the executive council of the IOA.
- Trupti Murgunde, a Dhyanchand Awardee, is a member of the Mission Olympic Cell.
- Radhica Sreeman is a former executive director of TEAMS at the Sports Authority of India.
Equatorial Guinea appoints Manuela Roka Botey as first female PM
Manuela Roka Botey as first female PM: Manuela Roka Botey has been named prime minister of Equatorial Guinea. She assumed the role for the first time as a woman in the country. The declaration was made through a proclamation that was read aloud on state television by the country’s president since 1979, Teodoro Obiang Nguema Mbasogo. Ms Rotey was previously the education minister and joined the government in 2020. She replaces former premier Francisco Pascual Obama Asue, who has been in the position since 2016.
February 2023 Current Affairs Quiz
Obiang, 80, was re-elected for a sixth term in office in November with 95% of the vote, cementing his place as the world’s longest-standing ruler. The United States said at the time it had “serious doubts about the credibility of the announced results” in the election and called on authorities to work with all stakeholders to address allegations of voter fraud. Only two presidents have served the country of 1.5 million since it gained independence from Spain in 1968. Obiang ousted his uncle, Francisco Macias Nguema, in a coup in August 1979.
Important takeaways for all competitive exams:
- Equatorial Guinea Capital:Malabo;
- Equatorial Guinea Currency: Central African CFA franc.
Morgan Stanley names Arun Kohli new country head for India
Morgan Stanley named Arun Kohli as the new India head: Sanjay Shah, a 26-year company veteran, announced his retirement, and Morgan Stanley appointed Arun Kohli to take his position as the country’s new leader. According to a document obtained by Bloomberg News, Kohli, who is now the chief operating officer for EMEA, will be in charge of the US bank’s operations there. With the bank since 2007, Kohli will relocate to Mumbai from London where he headed the firm’s post-Brexit strategy and implemented growth strategies across markets in the region.
February 2023 Current Affairs Quiz
According to information on its website, the Wall Street bank has been doing business in India for 29 years and offers a range of services including investment banking, fixed income, commodities, and derivative products. Shah, who rose through the ranks after joining the company as an associate in 1996 in the institutional equities division in Mumbai, was named its country head in 2021.
The bank had picked Kamal Yadav and Sachin Wagle as co-heads of investment banking in the country, while Samarth Jagnani was picked as the new chief for global capital markets in India, at the same time in 2021. A spokesperson for Morgan Stanley confirmed the contents of the memo.
President Droupadi Murmu addressed 31st Foundation Day of NCW
President Droupadi Murmu addressed 31st Foundation Day of NCW: On January 31, 2023, in Delhi, the President of India, Droupadi Murmu, spoke at the National Commission for Women’s 31st Foundation Day. The program’s theme, “Sashakt Nari Sashakt Bharat,” aimed to recognise and celebrate the achievements of women who have excelled and paved their paths to make a lasting impression. Union Minister for Women and Child Development Smriti Zubin Irani and MoS, WCD, Dr. Munjpara Mahendrabhai also graced the occasion.
February 2023 Current Affairs Quiz
President Droupadi Murmu addressed the 31st Foundation Day of NCW- Key Points
- To commemorate its 31st Foundation Day, which will be observed from January 31 to February 1, 2023, the Commission has planned a two-day event.
- On the second day, a panel discussion was held with extraordinary women who have led the path of inspiration and empowerment for several others.
- The Commission aims to provide a platform with a diverse and varied exchange of dialogue focusing on gender equality in the decision-making and leadership roles of women belonging to different socio-economic backgrounds.
- As a statutory entity established by the National Commission for Women Act of 1990, NCW was established in January 1992. It was established to review the constitutional and legal safeguards for women, recommend remedial legislative measures, facilitate the redressal of grievances, and advise the government on policy matters affecting women.
About National Commission for Women
The National Commission for Women was formed to establish an equal and just livelihood for women by making legal and constitutional amendments for women in India. Violence against Women is a fundamental violation of human rights, across nations, societies, cultures, and classes and this commission was formed to stop this violation of this fundamental right.
Odisha’s VK Pandian honored with FIH President’s Award 2023
Odisha’s VK Pandian honored with FIH President’s Award 2023: The FIH President’s Award was given to VK Pandian, the Secretary to the Chief Minister of Odisha, during the Finals of the FIH Odisha Hockey Men’s World Cup 2023 Bhubaneswar-Rourkela, in recognition of his outstanding contributions to hockey. The FIH President highlighted the crucial role played by CM Naveen Patnaik along with VK Pandian in hosting a glorious Hockey World Cup.
February 2023 Current Affairs Quiz
Odisha’s VK Pandian honored with FIH President’s Award 2023
The FIH President’s Award recognizes individuals National Associations or other organizations for valuable services to hockey, whether direct or indirect or initiatives which have had a significant effect on hockey at the international level. The FIH President informed that they have witnessed a truly exceptional phase of Odisha. Not only the state-of-the-art facilities but also the passion showcased by the Odisha people for hockey as much for the Indian team as for the others has been an absolute delight to experience.
VK Pandian expressed his deep honour and humility upon receiving the FIH President’s Award. He considers himself as the representative of Team Odisha which put its heart and soul into making the World Cup a grand success. Hockey India President Dilip Tirkey praised the contribution of VK Pandian over the last two decades towards the field of sports, especially hockey. He noted that VK Pandian understands the requirements and always strives to provide the best facilities for the sportspersons. His role is most critical in translating into reality the vision of Chief Minister Naveen Patnaik to make Odisha a major sports destination.
DRDO develops unfurlable antenna for space radar
DRDO develops unfurlable antenna for space radar: In a key development, Electronics and Radar Development Establishment (LRDE), a Bengaluru lab of the Defence Research and Development Organisation (DRDO), has developed a major subsystem for a space radar, which holds significant potential not only for the Indian Space Research Organisation (Isro), but also for the military.
February 2023 Current Affairs Quiz
LRDE has been involved in the development of space-borne imaging radar for installation on satellites and has completed the development of an UnFurlable Reflector Antenna (UFRA).
UFRA is one of the major subsystems of a radar, LRDE said, adding that radars for space applications require an antenna to be stowed in compact volume during launch and then deployed in the required shape once the satellite is in the required orbit. LRDE is a Bengaluru lab of the Defence Research and Development Organisation.
UFRA is one of the major subsystems of a radar.
Air Marshal AP Singh appointed as New Vice Chief Of Indian Air Force
Air Marshal AP Singh appointed as New Vice Chief Of Indian Air Force: Air Marshal AP Singh PVSM AVSM took over as the Vice Chief of the Air Staff (VCAS) on 01 February 2023. On the occasion of taking over of the office of VCAS, he laid a wreath at the National War Memorial to honour those Armed Forces personnel who have made the supreme sacrifice for the nation. Following this, he was accorded a ceremonial Guard of Honour at Air Headquarters (Vayu Bhavan).
February 2023 Current Affairs Quiz
He has succeeded Air Marshal Sandeep Singh, who retired from service on 1st February 2023. He served as the Air Officer Commanding-in-Chief of the Central Air Command.
He was commissioned into the fighter stream of the IAF on December 21, 1984. He is an alumnus of the National Defence Academy, Defence Services Staff College and National Defence College.
During his career, the officer has commanded an operational fighter squadron and a frontline air base. As a test pilot, he led the MiG-29 Upgrade Project Management Team at Moscow, Russia. He was also the Project Director (Flight Test) at National Flight Test Centre looking after the flight testing of the Light Combat Aircraft (Tejas). He has held important staff appointments of Air Defence Commander at South Western Air Command and Senior Air Staff Officer at Eastern Air Command. Prior to assuming his current appointment, he was the Air Officer Commanding-in-Chief at Central Air Command.
FM Nirmala Sitharaman presented Budget 2023-24
FM Nirmala Sitharaman presented Budget 2023-24: Finance Minister, Nirmala Sitharaman presented Union Budget for 2023-24 in Parliament on 1st Feb 2023.
Seven priorities: Inclusive development, Reaching the last mile, Infrastructure and investment, Unleashing the potential, Green growth, Youth power, and financial sector. The main highlight of the budget was the five major announcements related to personal income tax, including a change in tax slab under the new tax regime.
February 2023 Current Affairs Quiz
UNION BUDGET 2023: FULL COVERAGE
The 2022-23 Economic Survey that was tabled in Parliament on January 31 kept India’s GDP’s growth at a baseline value of 11% in nominal terms and 6.5% in real terms for 2023-24. The survey underlined the fact that “agencies worldwide continue to project India has the fastest growing major economy” despite the three shocks of Covid-19, the Russia-Ukraine war, and synchronised policy rate hikes by central banks across the world.
Funds allocated (in lakh crore rupees):
- Defence Ministry: 5.94
- Road and highways Ministry: 2.7
- Railways: 2.41
- Home Affairs: 1.96
- Agriculture and Farmer Welfare: 1.25
- Communications: 1.23
Nagaland, Patanjali Foods Ltd. sign MoU on palm oil cultivation
Nagaland, Patanjali Foods Ltd. sign MoU on palm oil cultivation: Nagaland signed an MoU with Patanjali Foods Ltd for the development and area expansion of palm oil cultivation and processing for Zone-II of Nagaland under the National Mission on Edible Oils-Oil Palm (NMEO-OP).
February 2023 Current Affairs Quiz
The MoU was signed by the Director of Agriculture, Nagaland, M Ben Yanthan, and Patanjali Foods Ltd Head-NE Region, Oil Palm Subhas Bhattacharjee at the Directorate of Agriculture, Kohima on January 31.
Zone II includes the Mokokchung, Longleng, and Mon districts of Nagaland.
Aim: To give a boost to the oil palm growers in the state of Nagaland and the region.
According to Patanjali Foods Ltd, the signing of MoU with the Government of Nagaland will certainly bring a big boost for the oil palm growers in the state of Nagaland and the region. Patanjali Foods Ltd is already working in the states of Mizoram, Arunachal Pradesh, Assam and Tripura in the North East.
