Daily Current Affairs 28th July 2023: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 28th July 2023. It includes all Major National, International, Business and Sports related current affairs of 28th 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 28th July 2023 Current affairs test.
National Updates
1. India-Sri Lanka Relations on Constitutional Amendment
- During a recent meet with the Sri Lankan President in India, PM Modi highlighted the significance of adopting the 13th Amendment in the Sri Lankan Constitution, a result of the Indo-Sri Lanka Accord from 1987. This amendment strives to devolve certain powers like health and agriculture to the nation’s provinces, providing a constitutional resolution to the longstanding civil conflict.
2. Digital Revolution in Birth Records
- The Central Home Ministry has put forth a bill to revise the Registration of Birth and Death Act from 1969 in the current parliamentary session. The modifications aim at transitioning birth records to digital format and integrating Aadhaar for birth and death registrations. This initiative seeks to refine documentation, maintain precise records, and ease access to governmental services.
3. Inauguration of ‘Bharat Mandapam’ Convention Centre
- Prime Minister Narendra Modi recently inaugurated the modernized Pragati Maidan area in Delhi, revealing the International Exhibition-cum-Convention Centre, commonly referred to as ‘Bharat Mandapam’. This Rs 2,700 crore project was sculpted by the globally recognized Aedas firm and India’s Arcop, with prior credits like Singapore’s Marina Bay Sands and Delhi’s IGI Airport Terminal 3 respectively.
4. Initiation of International Big Cat Alliance
- Following the triumph of Project Tiger, India has introduced the International Big Cat Alliance, concentrating on the conservation of seven primary big cat species globally, including the likes of Tiger, Leopard, and Cheetah.
Global Highlights
6. UNESCO’s Stance on Smartphone Use in Schools
- UNESCO advocates for a worldwide prohibition on smartphones within school premises.
Regional Spotlight
8. Bengaluru’s Cultural Leap
- Bengaluru, Karnataka’s capital, has the distinction of being the inaugural Indian city to associate with the World Cities Culture Forum, a collective of cities emphasizing the role of culture in their future growth. Joining as the 41st member, Bengaluru is now in the esteemed company of metropolises like Paris, Tokyo, and New York.
Economic Insights
9. India’s Economic Positioning
- A recent note by SBI Research economists predicts India ascending to the position of the third-largest economy by FY28, quicker than previously estimated. India’s anticipated growth rate is pegged at 8.1% for Q1 FY24, translating to an overall 6.5% growth, aligning with RBI’s forecasts.
Banking Sector News
10. RBI’s Trade-boosting Measure
- RBI has authorized 20 banks in India to initiate 92 Special Rupee Vostro Accounts with corresponding banks across 22 nations. This move intends to bolster trade by allowing transactions in local currencies.
11. Indian Banks’ Bad Loan Write-offs
- For the fiscal year concluding in March 2023, Indian banks nullified bad loans amounting to Rs 2.09 lakh crore. Over the past five years, this totals up to Rs 10.57 lakh crore. This move has substantially trimmed the banks’ gross non-performing assets to a decadal low of 3.9% as of March 2023.
Observance Days
12. World Hepatitis Day 2023 Highlights
- World Hepatitis Day, observed annually on July 28, brings attention to the concerning hepatitis-related mortality rates, with one fatality every 30 seconds globally. The day’s theme for 2023 is ‘one life, one liver’.
Science & Tech News
13. Collaboration between India AI and Meta
- India AI has collaborated with Meta to bolster advancements in AI & other emergent technologies. One of the main areas of focus will be the enhancement of datasets in various Indian dialects, supporting translation initiatives, and constructing vast language models for languages with limited resources.
Collaborative Endeavors
14. India and ADB’s Infrastructure Endeavor
- In an effort to bolster Bihar’s infrastructure, the Indian government and the Asian Development Bank (ADB) have consented to a $295 million loan. The funds will be used to upgrade roughly 265 km of Bihar’s state highways, emphasizing disaster-resistant designs and prioritizing road safety.
