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Daily Current Affairs 23rd January 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 23rd January2024. It includes all Major National, International, Business and Sports related current affairs of 23rd January2024. 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 23rd January2024 Current affairs test.


National News

1. Projection of India’s Per Capita Income Growth

  • A report from Standard Chartered Bank projects that India’s per capita income is expected to increase by approximately 70% by 2030, reaching around 4,000 dollars. This is a significant rise from the current level of 2,450 dollars.
  • This growth could elevate India to a middleincome economy status, with a projected GDP of 6 trillion dollars. Notably, household consumption is expected to contribute about half of this GDP.
  • There has been a consistent rise in India’s per capita GDP, which grew from 460 dollars in 2001 to 1,413 dollars in 2011, and 2,150 dollars in 2021.
  • The doubling of external trade to 2.1 trillion dollars by 2030 is seen as a crucial driver for this significant economic advancement.

2. Inauguration of the 20th Annual Conference of the Commonwealth Parliamentary Association, India Region by Om Birla

  • Lok Sabha Speaker Om Birla inaugurated the 20th annual conference of the Commonwealth Parliamentary Association, India Region.
  • The conference is primarily focused on discussions about natural disasters and their management strategies, with a special emphasis on the northeast region of India.
  • There was a strong focus on regional cooperation and enhancing connectivity, particularly through the Act East policy, which aims at economic and social integration in the North East.

Detailed Domestic Developments

1. Initiative of IICF in Ayodhya: Establishment of “Masjid Muhammed bin Abdullah”

  • The IndoIslamic Cultural Foundation (IICF) has initiated the construction of “Masjid Muhammed bin Abdullah” in Ayodhya, in an effort to promote interfaith harmony. The mosque is named in honor of the Prophet Muhammad.
  • Launched concurrently with Prime Minister Narendra Modi’s participation in the Ram Temple foundation ceremony, the project symbolizes a step towards bridging different faith communities.
  • The IICF plans to fund the construction of the mosque through crowdfunding initiatives.

2. ‘Anuvadini’ App Deployment by the Indian Government for Enhancing Linguistic Educational Access

  • The Indian government has launched ‘Anuvadini’, an AIbased application designed to enhance multilingual education in India.
  • ‘Anuvadini’ provides access to digital educational resources in various Indian languages, aligning with the National Education Policy (NEP) 2020’s focus on education in the mother tongue.
  • Implementation and accessibility of these resources are overseen by key educational bodies, including the UGC, AICTE, and the School Education Department.

Extensive International News

3. Japan’s Milestone in Space Exploration: Successful Lunar Landing

  • Japan has joined an elite group of countries with its successful lunar landing, marking a significant milestone in space exploration.
  • The Smart Lander for Investigating Moon (SLIM) mission successfully landed near the lunar Shioli crater, aiming for and achieving a precise landing within 100 meters.

4. Cabo Verde’s Major Health Achievement: MalariaFree Status Conferred by WHO

  • The World Health Organization (WHO) has declared Cabo Verde as malariafree, making it the third African country to achieve this status.
  • This recognition places Cabo Verde on a global list of 43 countries and one territory that are malariafree, a milestone yet to be achieved by India.

Comprehensive Defence News

5. IndiaKyrgyzstan Collaborative Military Exercise: KHANJAR in Himachal Pradesh

  • The 11th edition of the joint IndiaKyrgyzstan special forces exercise, KHANJAR, is currently taking place at the Special Forces Training School in Bakloh, Himachal Pradesh.
  • Spanning from January 22 to February 3, 2024, the exercise emphasizes CounterTerrorism and Special Forces Operations in urban and mountainous terrains.

InDepth Economic Insights

6. Demystifying the Government’s Financial Structure: Capital and Revenue Budgets

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  • The government’s financial framework comprises two key components: the Capital Budget and the Revenue Budget.
  • The Capital Budget plays a crucial role in shaping the government’s assets and liabilities through capital receipts and expenditures, mainly focusing on infrastructure projects.
  • In contrast, the Revenue Budget is focused on the government’s operational finances derived from taxes and nontax revenues, covering regular operational costs without impacting assets and liabilities.

7. SwitzerlandIndia Free Trade Agreement: A Landmark Diplomatic and Economic Achievement

  • After 16 years of negotiations, Switzerland and India have finalized a freetrade agreement, marking a significant development in their diplomatic and economic relations.
  • This agreement, finalized by Swiss Economy Minister Guy Parmelin and India’s Piyush Goyal, opens new avenues for trade and cooperation between the two nations.

Banking and Finance Sector Developments

8. YES BANK’s Pioneering Achievement on RXIL’s ITFS Platform

  • YES BANK has executed an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited, showcasing innovation in digital and international banking.

Corporate and Business Sector Updates

9. AIIB’s Strategic Investment in India’s Renewable Energy Sector

  • The Asian Infrastructure Investment Bank (AIIB) has invested approximately USD 58.4 million in Sustainable Energy Infra Trust (SEIT), India’s largest Renewable Energy Infrastructure Investment Trust.
  • This investment is aimed at supporting the development of new renewable energy projects in India, aligning with global sustainable energy initiatives.

National Commemorations and Celebrations

10. India’s Commemoration of Parakram Diwas 2024

  • India celebrated the 127th edition of Parakram Diwas on January 23rd, 2024, in honor of Netaji Subhas Chandra Bose’s birth anniversary.
  • The event serves as a platform to remember and honor Netaji’s heroic contributions to India’s independence movement.

Governmental Initiatives and Schemes

11. Prime Minister Modi’s Initiative for Solar Panel Installation: ‘Pradhanmantri Suryodaya Yojana’

  • Under the ‘Pradhanmantri Suryodaya Yojana’, Prime Minister Narendra Modi has launched a scheme for the installation of solar panels in 10 million households.
  • This initiative is focused on promoting energy selfreliance and sustainable energy practices in India.

Recognition and Honors

12. ‘UP Gaurav Samman’ Awards: Honoring Dr. Ritu and Entrepreneur Naveen

  • The Uttar Pradesh government awarded the ‘UP Gaurav Samman’ to Dr. Ritu for her contributions to scientific research and innovation, and to entrepreneur Naveen for his business achievements.

13. BCCI’s NAMAN Awards 2023: A Celebration of Cricketing Excellence

  • The BCCI’s NAMAN Awards in Hyderabad will honor Shubman Gill as the Cricketer of the Year for 2023 and Ravi Shastri with the Lifetime Achievement Award.

Sports Sector Highlights

14. Madrid as the New Host for the Spanish F1 Grand Prix from 2026

  • Starting in 2026, Madrid will host the Spanish Formula 1 Grand Prix for a decade, featuring a new circuit around the IFEMA exhibition center.

15. Achievements of Indian Shooters at the Asian Shotgun Championships

  • Indian shooters Raiza Dhillon and Gurjoat Singh Khangura secured a bronze medal in the mixed skeet team event at the Asian Shotgun Championships in Kuwait City.

16. Tai Tzu Ying’s Remarkable Victory at the India Open 2024

  • Tai Tzu Ying from Chinese Taipei won the women’s singles title at the India Open 2024, her 32nd career title in international badminton.

17. The 2024 Khelo India Youth Games: Showcasing India’s Emerging Sports Talent

  • The Khelo India Youth Games 2024, held in Chennai, Madurai, Trichy, and Coimbatore, highlighted the emerging sports talent in India, with Tamil Nadu leading the medal tally.

18. ICC’s Announcement of the

2023 T20I Teams of the Year

  • The ICC announced the Men’s and Women’s T20I Teams of the Year for 2023, recognizing exceptional cricketing performances globally.

Literature and Publishing News

19. Release of the Book ‘Assam’s Braveheart Lachit Barphukan’

  • Union Home Minister Amit Shah unveiled the book ‘Assam’s Braveheart Lachit Barphukan’ in Guwahati, highlighting the historical significance of Lachit Barphukan’s leadership and contributions.

Miscellaneous and Diverse News Reports

20. Kachchhi Kharek from Kutch Awarded GI Tag

  • Kachchhi Kharek, a unique variety of dates from Kutch, Gujarat, received a Geographical Indication (GI) tag, recognizing its distinct quality and origin.
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