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Daily Current Affairs 2nd March 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 2nd March 2023. It includes all Major National, International, Business and Sports related current affairs of 2nd 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 2nd March 2023 Current affairs test.



Awards & Recognitions

1. Vinod Kumar Shukla Secures the 2023 PEN/Nabokov Award for Lifetime Literary Contributions

  • At 87, Hindi author Vinod Kumar Shukla has been honored with the distinguished 2023 PEN America lifetime achievement award in literature.
  • This recognition is among the most sought-after global literary accolades.
  • Shukla’s notable works include the novel Naukar Ki Kameez (1979) and the poetry anthology Sab Kuch Hona Bacha Rahega (1992).
  • In 1999, he was honored with the Sahitya Akademi award for Naukar Ki Kameez. Additionally, he received the Atta Galatta-Bangalore Literature Festival Book Prize in 2019 and the Mathrubhumi Book of the Year accolade in 2020.

Global Developments

2. UAE Unveils the World’s Initial Zone Exclusively for Digital and Virtual Assets

  • Ras Al Khaimah, a constituent emirate of the UAE, has unveiled plans to launch the RAK Digital Assets Oasis.
  • This groundbreaking initiative was disclosed at the Blockchain Life 2023 summit.
  • The facility is poised to become the first-ever free zone tailored specifically for businesses operating in the digital and virtual asset domain, fostering innovation in unregulated virtual asset activities.
  • Capital of UAE: Abu Dhabi; National Currency: Dirham

Defense News

3. Indian Government Sanctions the Purchase of 70 HTT-40 Trainer Aircraft for the IAF

  • The national administration has greenlit the acquisition of 70 HTT-40 Basic Trainer Aircraft, manufactured by Hindustan Aeronautics Limited (HAL), intended for the Indian Air Force’s use.
  • This decision is aimed at addressing the IAF’s existing shortfall of basic trainer aircraft, essential for the training of its new pilot inductees.
  • Designed as a turboprop aircraft, the HTT-40 is engineered for optimal low-speed maneuverability, ensuring enhanced training proficiency.
  • The delivery schedule for these aircraft spans six years.
  • Budget Allocation: 6,828 crore rupees

Domestic News

4. L&T Secures Government Contract to Deliver 3 Cadet Training Vessels

  • The central authority has endorsed a contract agreement with Larsen and Toubro Limited for the procurement of three Cadet Training Ships.
  • These domestically conceptualized, developed, and manufactured vessels are slated for delivery beginning in 2026.
  • Besides facilitating sea-based training for officer cadets, these ships are versatile enough to be mobilized for evacuating individuals.
  • Furthermore, they present an avenue to offer training to cadets from allied nations, thereby fortifying diplomatic ties.
  • Project Budget: 3,108 crore rupees in total.
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