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Daily Current Affairs 10th July 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 10th July 2023. It includes all Major National, International, Business and Sports related current affairs of 10th July 2023. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 10th July 2023 Current affairs test.

 

National News

1. Bhutan Potato Imports Allowed by India Until June 2024

  • The Directorate General of Foreign Trade (DGFT) announced that potato imports from Bhutan will be permitted without any licensing requirements until June 30, 2024. This move aims to ensure a steady supply of potatoes and bolster trade relations between the two nations.
  • In addition, DGFT has simplified the procedure for importing fresh areca nut from Bhutan and laid down guidelines for the quota allocation for broken rice exports.

Economy News

2. Insights on India’s FDI Inflow for FY 2023

  • Despite global challenges affecting FDI, India has maintained its robust position in the global economic domain. The fiscal year 2021-2022 saw the nation achieve a record FDI inflow of US$83.57 billion. Several factors, including a vast labor force, forward-thinking policies, and a rapidly growing digital economy, have contributed to this growth.

Banking News

3. RBI Organizes the 33rd Conference of State Finance Secretaries

  • The Reserve Bank of India conducted its 33rd Conference for State Finance Secretaries in Mumbai on July 6, 2023. The RBI Governor inaugurated the event, which revolved around the theme ‘Debt Sustainability: States’ Perspective.’ The conference witnessed participation from 23 state Finance Secretaries, a Union Territory representative, and senior officials from central finance institutions.

Business News

4. Sadbhavana Trust’s FCRA License Revoked by the Central Government

  • The central government has annulled the Foreign Contribution Registration Act (FCRA) license of Sadbhavana Trust, a Delhi-based NGO. Renowned for empowering Dalit and Muslim women, the Trust is now prohibited from receiving foreign contributions. A significant factor behind this revocation is the Trust’s non-compliance in opening a designated bank account under FCRA at the State Bank of India, New Delhi.

Important Days News

5. World Population Day 2023: Significance and Relevance

  • Every July 11th, World Population Day is commemorated to shed light on global population growth challenges. The day serves as a call to action to address related issues and enhance global living conditions. Its goal is to foster awareness and rally combined efforts to address the consequences of population growth.

Appointments News

6. B.Neeraja Prabhakar Assumes Role as RAC Chairman of ICAR

  • B.Neeraja Prabhakar has been appointed Chairperson of the Research Advisory Committee of ICAR’s Indian Institute of Oil Palm Research in Pedavegi, Andhra Pradesh. Effective from June 13, Ms. Prabhakar will lead this ten-member committee for a span of three years. Given her extensive expertise, she is anticipated to provide significant impetus to India’s oil palm sector.

7. Telecom Secretary K Rajaraman Declared New IFSCA Chief

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  • The central government has selected K Rajaraman, the current Telecom Secretary, as the forthcoming head of the International Financial Services Centres Authority (IFSCA). Replacing Injeti Srinivas, who had been in the role since 2020, Rajaraman’s tenure will last three years from his commencement date, with a potential extension up to his 65th birthday or pending further directives.

Summits and Conferences News

8. Third World Hindu Congress Slated for Bangkok

  • The World Hindu Foundation has announced that Bangkok will host the third installment of the World Hindu Congress in November 2023. This triennial congregation, titled “Vishwa Hindu Sammelan”, will be held at the Bangkok Convention Center. With the theme “Jayasya Aayatnam Dharmah”, denoting “Dharma as the Abode of Victory”, the event will delve into the challenges and prospects for the global Hindu diaspora.

9. Urban 20 (U20) Mayoral Summit Concludes

  • The U20 Mayoral Summit, presided over by Ahmedabad, wrapped up on July 8 in Gandhinagar. The summit’s Communiqué was presented to the G20 leaders and secured endorsements from a record 105 cities, surpassing previous communiqués.

Science and Technology News

10. ISRO Plans to Entrust SSLV to Private Sector

  • Following two developmental launches, the Indian Space Research Organization (ISRO) intends to delegate its Small Satellite Launch Vehicle (SSLV) to the private sector. This shift is projected to expedite the evolution of India’s commercial satellite launch industry, which is estimated to contribute $13 billion to the economy by 2025.

11. ‘Euclid Space Telescope’ Launched by ESA

  • The European Space Agency (ESA) recently propelled the Euclid Space Telescope into space. Tasked with revolutionizing our cosmic comprehension, this telescope is set to map billions of galaxies spanning over 10 billion light-years. It aims to unravel the mysteries of dark matter, dark energy, and the expansion of the universe, while also benefiting various other scientific fields.

Ranks & Reports News

12. Ministry of Education Introduces Performance Grading Index 2.0

  • The vast education landscape of India is under scrutiny with the unveiling of the Performance Grading Index (PGI) by the Ministry of Education. This index assesses the school education framework across states and union territories, presenting an exhaustive insight.

13. WMO Updates Ozone-UV Bulletin

  • The World Meteorological Organization’s (WMO) recent bulletin on the ozone layer depicts a promising trajectory. This rejuvenated WMO-Global Atmosphere Watch bulletin, after a seven-year hiatus, offers the latest updates on stratospheric ozone and UV radiation. The recovery of the ozone layer is crucial to shield the Earth from harmful UV radiation and ensure ecological well-being.

Obituaries News

14. Renowned Basketball Figure Nikki McCray-Penson Passes Away

  • Basketball stalwart and coach, Nikki McCray-Penson, left us at the age of 51. A two-time Olympic gold medal winner, she also clinched the MVP title in the American Basketball League (ABL). McCray-Penson’s Olympic achievements encompass gold medals with the U.S. women’s basketball team in 1996 and 2000.
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