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Daily Current Affairs 28th March 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 28th March 2023. It includes all Major National, International, Business and Sports related current affairs of 28th March 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 March 2023 Current affairs test.


Summits & Conferences

1. Second Meeting of G20 Infrastructure Working Group Commences in Visakhapatnam

  • From March 28-29, 2023, Visakhapatnam, Andhra Pradesh, plays host to the second gathering of the G20 Infrastructure Working Group (IWG).
  • This meeting revolves around the theme “Financing Cities of Tomorrow: Inclusive, Resilient, and Sustainable.”
  • In attendance are representatives from 63 G-20 nations and invited organizations like the ADB and World Bank.
  • The inaugural G-20 IWG summit took place in Pune, Maharashtra, during India’s presidency.

National News

2. NGT Imposes ₹10 Crore Fine on Kerala Government for Ramsar Sites Neglect

  • The Principal Bench of the National Green Tribunal, situated in New Delhi, has penalized the Kerala government with a ₹10 crore fine. This penalty is the consequence of the government’s failure to curb the rampant pollution of the Ramsar-listed Vembanad and Ashtamudi lakes.
  • The fine, based on the ‘polluter pays principle,’ must be deposited into a dedicated account under the authority of the Chief Secretary.
  • Details about Kerala:
    • Capital: Thiruvananthapuram
    • Chief Minister: Pinarayi Vijayan
    • Governor: Arif Mohammad Khan

International News

3. Egypt Joins BRICS New Development Bank

  • Egypt has become the latest member of the BRICS New Development Bank (NDB), with formal notification issued on March 22, 2023.
  • This African-Arab nation officially joined the NDB on February 20.
  • The NDB was established by BRICS nations based on an intergovernmental agreement inked during the sixth BRICS summit in Fortaleza in July 2014.
  • The upcoming BRICS Summit, scheduled to be hosted by South Africa in August, is expected to facilitate intra-BRICS trade using national currencies, thereby safeguarding member nations’ foreign exchange reserves.
  • Details about New Development Bank (NDB):
    • Founded: 2015
    • Headquarters: Shanghai, China
    • Membership (9): Brazil, Russia, India, China, South Africa, Bangladesh, UAE, Uruguay, and Egypt
    • President: Dilma Rousseff (Brazil)
    • Vice President: Anil Kishora (Indian)
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