Daily Current Affairs 23rd June 2023: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 23rd June 2023. It includes all Major National, International, Business and Sports related current affairs of 23rd June 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 23rd June 2023 Current affairs test.
Domestic News
1. NHAI Introduces ‘Knowledge Sharing Platform’ to Enhance Highways’ Growth
- The National Highway Authority of India, under the Ministry of Road Transport and Highways, has initiated a platform to facilitate knowledge exchange for the holistic growth of national highways.
- This platform offers a space for specialists and the general public to share insights on road safety, design, construction, environmental conservation, among others.
Global News
2. GE Aerospace Partners with HAL for Fighter Jet Engines Production: Strengthening India-US Defence Relations
- As part of PM Narendra Modi’s official US trip, General Electric (GE) Aerospace and Hindustan Aeronautics Limited (HAL) have entered into a partnership.
- The collaborative agreement aims to produce engines for the Indian Air Force’s fighter jets, representing a new chapter in India-US defense collaboration.
- The collaboration underscores the rarity of jet engine production capabilities globally.
3. UK’s Debt-to-GDP Ratio Exceeds 100%: A First Since 1961
- The UK’s public sector debt has gone beyond its GDP by 100% for the first time since 1961, as reported by the Office for National Statistics (ONS).
- The accumulated debt, minus government-run banks, stood at £2.567 trillion ($3.28 trillion) or 100.1% of GDP. Although May’s government borrowing decreased slightly, it surpassed projections.
4. China and Pakistan Collaborate on a Nuclear Power Plant Initiative
- China and Pakistan have sealed a $4.8 billion deal to establish a nuclear power plant with a capacity of 1,200 megawatts.
- This agreement strengthens the strategic alliance between the two nations.
- Pakistan is keen to fast-track this project to bolster its energy sector.
Economic Updates
5. Fitch Upgrades India’s Growth Projection to 6.3% for FY24 Due to Positive Economic Indicators
- Credit rating agency Fitch has adjusted its GDP growth estimate for India for FY24 to 6.3%, up from its previous 6%.
- The revision attributes to India’s impressive economic momentum showcased by factors such as the 6.1% YoY GDP growth in the initial quarter.
Corporate Updates
6. Micron’s $2.7 bn Semiconductor Plant Gets GoI’s Nod
- The Indian government has sanctioned Micron Technology’s $2.7 billion proposal to develop a semiconductor testing and packaging facility in Gujarat.
- The approval, ahead of PM Modi’s US trip, includes production-related incentives amounting to Rs 11,000 crore ($1.34 billion).
- The US administration is promoting chipmakers to invest in India, reducing dependency on China.
7. Apple Discusses Launching Its Credit Card in India
- Apple is deliberating the introduction of its credit card, the Apple Card, in India, with potential collaboration with HDFC bank.
- The initiative is still in preliminary discussions, with Apple executives also engaging with the RBI about the card’s regulatory aspects.
Banking Sector Highlights
8. Lloyds Banking Group to Set Up Tech Hub in Hyderabad
- Lloyds Banking Group, a UK-based financial giant, is planning to institute a technology hub in Hyderabad by the end of 2023.
- The group, housing brands like Lloyds Bank and Bank of Scotland, is set to recruit 600 experts for this new endeavor.
Rankings & Reports
9. India Climbs Eight Spots in WEF’s Global Gender Gap Report
- The World Economic Forum’s 2023 Gender Gap Report shows India advancing eight positions to 127 out of 146 countries, signifying progress in gender equality.
- Compared to last year, India has made significant strides, previously standing at 135th.
New Appointments
10. Ruby Sinha Heads BRICS CCI Women’s Vertical
- Ruby Sinha, the mind behind SheAtWork, has been designated as the president of BRICS Chamber of Commerce and Industry Women’s Vertical for a term of three years.
- She follows Shabana Nasim, who now serves as the Executive Director of BRICS CCI.
Agreements
11. Indian Railways Collaborates with USAID for Green Energy Initiatives
- India’s Railway Ministry and the US Agency for International Development (USAID) have signed an MoU focusing on eco-friendly energy solutions and promoting electric vehicle usage.
- The partnership aims to integrate renewable energy into Indian Railways’ operations.
Science & Technology News
12. India Allies with NASA’s Artemis Accords for Joint Lunar Missions
- During his US visit, PM Narendra Modi ratified the Artemis Accords, underscoring India’s dedication to global space exploration, especially lunar missions.
- The accords, a joint initiative by NASA and the US State Department, outline the guidelines for peaceful space exploration and collaboration.
