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Daily Current Affairs 14th July 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 14th July 2023. It includes all Major National, International, Business and Sports related current affairs of 14th 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 14th July 2023 Current affairs test.


International News

1. UAE’s New Milestone in Financial Vigilance

  • The United Arab Emirates (UAE) has been granted observer status in the Asia/Pacific Group on Money Laundering (APG) during a meeting held in Vancouver, Canada. With this, the UAE becomes the first Arab nation to achieve this recognition.
  • The move signifies the UAE’s dedication to strengthening global partnerships to tackle issues of money laundering and terror funding. Observer status in such regional groups is typically granted to countries actively addressing financial crimes.

2. Strengthening IndoFrench and IndoUAE Ties

  • Indian Prime Minister, Mr. Narendra Modi, will be visiting France and the UAE from July 13th to 15th. This visit underlines the intent to fortify cooperation in areas such as defense, energy, security, and overall global partnerships.

State News

3. Highlighting Assam’s Numaligarh Refinery’s Achievements

  • Numaligarh Refinery Limited (NRL) has emerged among the top 20 Central Public Sector Enterprises (CPSEs) in India in terms of profitability and revenue. Being Northeast India’s leading refinery with an annual capacity of 3 million metric tonnes, NRL has also initiated exporting its products, thereby supporting the Indian Government’s Act East Policy.

Defence News

4. India Boosts Its Naval Strength

  • Under the leadership of Defence Minister Mr. Rajnath Singh, the Defence Acquisition Council, on July 13, 2023, approved several initiatives to enhance India’s naval capabilities. A key decision includes the approval to procure 26 Rafale Marine aircraft from France, which also covers the necessary equipment, simulators, training, and logistical support.

Banking News

5. RBI’s Recent Actions on NBFCs

  • The Reserve Bank of India (RBI) has annulled the licenses of four non-banking finance entities and also acknowledged the voluntary surrender of licenses by 11 other companies. The deregistered NBFCs comprise Nanma Chits and Financiers Ltd, Chidrupi Financial Services Ltd, Goldline Financial Services Ltd, and Kailash Auto Finance Ltd.

Important Days News

6. Spotlight on World Youth Skills Day 2023

  • The United Nations has designated July 15th as World Youth Skills Day since 2014, emphasizing the significance of imparting essential professional skills to the youth. The theme for 2023 focuses on the training of teachers, trainers, and the youth to shape a better future.

Schemes News

7. Expansion in SAMARTH Scheme Partners

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  • The Textile Ministry has introduced 43 new partners under the SAMARTH scheme, increasing the training target by 75,000 beneficiaries. Now, a total of 176 entities, which include textile industries, governmental organizations, and sector-specific bodies, collaborate for training under this program.

8. Revised EWS Income Criteria for PMAY

  • The Central Government has raised the income criterion for the Economically Weaker Section (EWS) qualification under the Pradhan Mantri Awas Yojana–Urban for the Mumbai Metropolitan Region. The limit has been doubled, shifting from Rs 3 lakh to Rs 6 lakh, thereby broadening the outreach of the housing scheme.

Ranks & Reports News

9. UN Sheds Light on Global Debt Concerns

  • The recent “A World of Debt” report from the United Nations highlights the mounting global debt situation. According to this study, 2022 witnessed global public debt escalating to an astounding $92 trillion, with developing countries accounting for 30% of it. Secretary-General Antonio Guterres emphasized the severe debt issues confronting 52 countries, affecting their investment potential in crucial sectors.

Summits and Conferences News

10. ASEAN and India Delve into Traditional Medicine

  • India is all set to host the ASEAN Countries Conference on Traditional Medicines on July 20, 2023, in New Delhi. This event seeks to promote discussions and insights on traditional medicinal practices.

Science and Technology News

11. India’s Chandrayaan3 Embarks on its Lunar Quest

  • India’s much-awaited Chandrayaan3 mission has been successfully launched. Powered by the formidable Launch vehicle MarkIII, the spacecraft is journeying towards the Moon with plans for a soft landing scheduled by the end of August.

Awards News

12. PM Modi’s Distinct Honor from France

  • On July 13, 2023, Prime Minister NarendraModi was honored with France’s highest decoration, the Grand Cross of the Legion of Honour, by French President Emmanuel Macron. With this, Mr. Modi joins an exclusive list of internationally recognized leaders who have received this distinction.

Books and Authors News

13. Unique Book Launch Ahead of Chandrayaan3 Takeoff

  • Vinod Mankara’s latest literary contribution, ‘Prism: The Ancestral Abode of Rainbow’, a collection of scientific essays, had a distinctive launch at the Satish Dhawan Space Centre in Andhra Pradesh. This event coincided with the preparatory stages of the Chandrayaan3 mission.
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