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Daily Current Affairs 12th July 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 12th July 2023. It includes all Major National, International, Business and Sports related current affairs of 12th 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 12th July 2023 Current affairs test.

 

National News

1. Parliament Committee Approves Forest (Conservation) Amendment Bill, 2023

  • A Committee in Parliament has endorsed the Forest (Conservation) Amendment Bill, 2023 without reservations.
  • The legislation seeks amendments to the Forest Conservation Act 1980, aiming to remove legal protection for certain forest areas.
  • The proposed bill is set to be discussed in Parliament during its monsoon session.

2. PM Modi Invited to French Military Parade

  • France has invited Indian Prime Minister Narendra Modi to be the guest of honor at their Bastille Day celebrations on July 14.
  • India’s military forces will also participate in the Bastille Day parade, underlining the strengthening strategic partnership between India and France.

Economic Developments

3. Highlights of the 50th GST Council Assembly

  • The significant 50th GST Council Meeting, chaired by Union Finance & Corporate Affairs Minister Nirmala Sitharaman, marked key milestones in the Goods and Services Tax evolution.
  • The meeting focused on and proposed changes in GST rates, measures to support trade, and simplifying compliance procedures.

Banking Insights

4. RBI’s Integration of UPI QR Code with CBDC Operations

  • Deputy Governor T. Rabi Sankar of the Reserve Bank of India (RBI) announced the plan to integrate its central bank digital currency (CBDC) with the Unified Payments Interface (UPI) by the end of the month.
  • This merger will enable users to conduct digital currency transactions using UPI QR codes.
  • By the end of the year, RBI aims to achieve a daily tally of 1 million CBDC transactions.

Business News

5. ONGC Recognized for Anti-Bribery Management System

  • The Oil and Natural Gas Corporation (ONGC) has been honored as the first Central Public Sector Enterprise (CPSE) in India to receive recognition for its Anti-Bribery Management System (ABMS).
  • The award was presented by the globally recognized certification authority, InterCert USA.
  • Previously, in 2005, ONGC was a pioneer in adopting the Integrity Pact (IP) introduced by Transparency International.

Days of Note

6. Observance of World Paper Bag Day 2023

  • July 12 marks the annual World Paper Bag Day, an initiative to promote the use of paper bags over plastic ones.
  • The day underscores the importance of eco-friendly choices in daily life and the adoption of sustainable alternatives.

7. Celebrations of NABARD’s 42nd Foundation Day

  • The National Bank for Agriculture and Rural Development (NABARD) commemorated its 42nd anniversary on July 12, 2023.
  • The celebrations included various events across the country, featuring a digital seminar themed “NABARD: 42 Years of Rural Evolution.”

Key Appointments

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8. Sanjiv Puri’s Extended Leadership at ITC

  • The board of ITC Ltd confirmed Sanjiv Puri’s role as the Chairman and Managing Director for an additional five years.
  • This decision will be effective from July 22, 2024, following the board’s recommendation.
  • ITC Limited, a prominent Indian conglomerate, operates in various sectors including tobacco manufacturing, food processing, retail, and finance.

Sporting Highlights

9. India’s Remarkable Achievement at World Archery Youth Championships, 2023

  • India secured the second position at the 2023 World Archery Youth Championships in Limerick, Ireland, with an impressive haul of 11 medals, including six golds, one silver, and four bronzes.
  • Parth Salunkhe made history by becoming the first Indian male archer to win the Youth World Championship in the recurve category.

Other Updates

10. ‘Lambani Art’ Sets Guinness World Record at 3rd G20 CWC Meeting

  • The 3rd G20 culture working group (CWG) meeting in Hampi, Kolkata saw a Guinness World Record established for the largest display of ‘Lambani Art’ under the theme ‘Threads of Unity.’

11. Debut of ‘Lisa,’ India’s First Regional AI News Anchor

  • In a significant advancement in AI journalism, Odisha TV introduced “Lisa,” India’s premier regional AI news anchor.
  • Lisa signifies a revolutionary step in TV broadcasting, offering a novel approach to news presentation in multiple languages and regional contexts.
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