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Daily Current Affairs 1st February 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 1st February 2023. It includes all Major National, International, Business and Sports related current affairs of 1st February 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 1st February 2023 Current affairs test.

Honours & Awards

1. Recognition for Former PM Dr. Manmohan Singh in the UK

  • The ex-Prime Minister of India, Dr. Manmohan Singh, received a Lifetime Achievement Award from the India-UK Achievers Honours in London.
  • His recognition was due to his significant contributions in the economic and political spheres.
  • The National Indian Students and Alumni Union (NISAU) UK presented the award to him in New Delhi.
  • Other notable awardees included Lord Karan Bilimoria and MP Virendra Sharma with the Living Legend Honour, while Parineeti Chopra, Raghav Chadha, Adar Poonawalla, and Aditi Chauhan were among the Outstanding Achievers.

National Updates

2. Visakhapatnam: Andhra Pradesh’s New Capital

  • Chief Minister YS Jagan Mohan Reddy announced at the International Diplomatic Alliance meeting in New Delhi that Visakhapatnam is set to be the new capital of Andhra Pradesh.
  • Post the bifurcation in 2014, Hyderabad became Telangana’s capital.
  • The TDP-led Andhra government, under N Chandrababu Naidu in 2015, had initially identified Amaravati as the prospective new capital.
  • However, by 2020, a tri-capital model was proposed with Visakhapatnam, Amaravati, and Kurnool as the capitals for executive, legislature, and judiciary, respectively.
  • The Chief Minister also revealed plans for the ‘Global Investors Summit’ in Visakhapatnam on March 3 and 4, extending an invitation to all states.

Banking & Financial News

3. IMF Predicts a Dip in India’s Economic Growth in 2023

  • The IMF’s World Economic Outlook forecasts a drop in India’s economic growth from 6.8% in 2022 to 6.1% in 2023, but anticipates a rebound to 6.8% in 2024.
  • Additionally, growth in emerging and developing Asian countries is projected to increase in the next two years.
  • Global growth is expected to decrease from 3.4% in 2022 to 2.9% in 2023, followed by a slight rise in 2024.
  • Various other financial institutions have also released their GDP projections for India, with figures varying across the board.

Global Affairs

4. Initiative on Critical and Emerging Technologies: A US-India Collaboration

  • Ajit Doval, India’s National Security Advisor, and Jake Sullivan, his American counterpart, have unveiled the US-India initiative on Critical and Emerging Technology (iCET) alongside the Innovation Bridge.
  • The inception of iCET was announced earlier by US President Joe Biden and PM Narendra Modi in May 2022.
  • The primary objective is to deepen and broaden strategic technological collaborations and defence industrial ties between both nations.
  • The Innovation Bridge aims to link the defense startups of both countries.

Significant Days

5. Celebrating the 47th Indian Coast Guard Day on 1st February

  • Every year on February 1, India celebrates the Indian Coast Guard Day to commemorate organizations that ensure maritime safety.
  • The provisional Indian Coast Guard was initially formed on February 1, 1977, to counteract smuggling activities detrimental to India’s economy.
  • Later, on February 18, 1978, the Parliament formally declared the Indian Coast Guard (ICG) Day to be observed on February 1.
  • Currently, the Indian Coast Guard stands as the world’s fourth-largest Coast Guard.

In Memoriam

6. Renowned Author K.V. Tirumalesh Leaves Behind a Rich Legacy

  • Acclaimed poet and writer, KV Tirumalesh, has passed away at 82.
  • His poetic collection, “Akshaya Kavya”, earned him the Sahitya Akademi award in 2016, in addition to many other literary honors. He also penned a significant essay on Da Ra Bendre’s poetry and existentialism in Kannada.
  • He served as a professor at the English and Foreign Languages University, Hyderabad until his retirement.

7. Demise of Former Law Minister, Shanti Bhushan

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  • Shanti Bhushan, the ex-Union Law Minister and distinguished lawyer, passed away aged 97 in New Delhi.
  • He held the position of law minister during Morarji Desai’s tenure from 1977 to 1979.
  • He is particularly remembered for his role in overturning the election of Indira Gandhi in 1975.
  • Politically, he was initially with the Congress, later moving to the Janata Party, and he served in the Rajya Sabha from 1977 to 1980.
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