Daily Current Affairs 22nd April , 2023

Daily Current Affairs 22nd April 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 22nd April 2023. It includes all Major National, International, Business and Sports related current affairs of 22nd April 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 22nd April 2023 Current affairs test.

National Developments

1. India’s Rise in World Bank’s Logistics Performance Index

• India climbed the ranks of the World Bank’s Logistics Performance Index (LPI) 2023, ascending six positions from 44th in 2018 to 38th out of 139 countries in 2023.
• The LPI acts as a comparative tool designed to aid nations in discerning areas of logistical growth and challenges.
• Breaking down India’s positions in categories: International shipments (22), Logistical proficiency and equality (48), Timeline (17), and Tracking and tracing (38).

Technological Advancements

2. Joint DRDO & Navy Trial of BMD Interceptor Sees Success

• In a collaborative effort, the Defence Research and Development Organization (DRDO) and the Indian Navy successfully executed an inaugural flight test of a sea-based endo-atmospheric interceptor missile near the Odisha coast in the Bay of Bengal.
• Objective: The trial’s main goal was to confront and nullify an adversarial ballistic missile, placing India in a rare league of nations boasting Naval BMD capability.
• DRDO had previously showcased a land-focused BMD system with similar neutralization capabilities.

National Updates

3. Nagaland Gains Approval for Its First Medical Institute

• The National Medical Commission (NMC) has greenlit the establishment of the Nagaland Institute of Medical Sciences and Research, marking the first-ever medical college in the northeastern region of Nagaland.
• Interestingly, this comes six decades after Nagaland achieved statehood in 1963.
• The college is slated to commence its academic year in 2023-24 and will offer 100 MBBS seats, 85 of which are allocated for local Nagaland students while the remaining 15 are for aspirants from other Indian states.
• Quick Facts on Nagaland:
  • Established on: 1 December 1963
  • Capital City: Kohima
  • Current Chief Minister: Neiphiu Rio
  • Present Governor: La. Ganesan

4. PFC Grants Loan to Gensol Engineering for EV Acquisition

• Gensol Engineering Ltd (GEL) secured a loan of Rs 633 crore from Power Finance Corporation Ltd (PFC), a distinguished Maharatna company, intended for the procurement of 5,000 electric passenger vehicles and 1,000 electric freight vehicles.
• As a key player in the Indian energy sector, PFC’s financed passenger EVs, specifically the E4W, are now operational in Delhi, promoting a reduction in CO2 emissions. The move aligns with PFC’s initiative to bolster India’s transition to a zero-carbon future, with plans to finance EVs, batteries, and charging stations.

Technological Breakthroughs

5. ISRO’s Successful Satellite Launch via PSLV-C55

• The Indian Space Research Organisation (ISRO) triumphantly deployed the Polar Satellite Launch Vehicle C55 (PSLV-C55), launching two Singaporean satellites, namely Singapore’s TeLEOS-2 and LUMELITE-4, from its base in Sriharikota, Andhra Pradesh.
• These secondary passenger satellites have been strategically placed in a 586 km circular orbit.
• Worth noting, the PSLV-C55 venture was commercially managed by NSIL, ISRO’s business division.

Financial and Banking News

6. AIIB to Establish its Maiden International Office in Abu Dhabi

• The Asian Infrastructure Investment Bank (AIIB) and the UAE have formally agreed to inaugurate AIIB’s first overseas operational hub in Abu Dhabi.
• This foreign branch in Abu Dhabi aims to underpin AIIB’s commitment to sustainable developmental projects, especially in critical need areas.
• AIIB’s core mission revolves around funding infrastructure projects with a sustainable edge.
• Quick Facts on UAE:
  • Capital: Abu Dhabi
  • Currency: Dirham
  • President: Mohamed bin Zayed Al Nahyan
  • Prime Minister: Mohammed bin Rashid Al Maktoum

Significant Dates

7. Earth Day Observance on 22nd April

• Annually, Earth Day is commemorated on the 22nd of April as a tribute to the environmental conservation movement and to amplify the need for safeguarding our planet’s resources.
• 2023’s Earth Day theme is: “Invest in Our Planet”.
• The inception of Earth Day can be traced back to 1970, thanks to American Senator Gaylord Nelson who championed environmental education.

Defence Developments

8. Solar Industries Wins Bid to Deliver ‘Nagastra’ UAV to Indian Military

• Solar Industries Nagpur has procured a contract to deliver the UAV ‘Nagastra’ to the Indian Army, outcompeting contenders from Israel and Poland.
• ‘Nagastra’ stands as India’s pioneering native loitering munition with the capability for accurate target engagement.
• The drone was conceptualized and produced by Economics Explosives Ltd (EEL), an entity entirely owned by Solar Industries Nagpur, in collaboration with Z-Motion, Bangalore.
• The product boasts over 75% indigenous components.