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Daily Current Affairs 3rd July 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 3rd July 2023. It includes all Major National, International, Business and Sports related current affairs of 3rd 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 3rd July 2023 Current affairs test.



1. Austrian Grand Prix 2023 Victory by Max Verstappen

  • Max Verstappen of Red Bull Racing took the top spot in the 2023 Austrian Grand Prix at the Red Bull Ring in Spielberg, Austria.
  • Securing the runner-up position was Charles Leclerc from Ferrari, and taking third was Sergio Pérez, also from Red Bull.
  • Earlier 2023 Grand Prix victors include:
    • Canada: M. Verstappen (Red Bull)
    • Spain: M. Verstappen (Red Bull)
    • Monaco: M. Verstappen (Red Bull)
    • Miami: M. Verstappen
    • Azerbaijan: S. Pérez (Red Bull)

Banking & Finance

2. SBI’s ₹22.5 Crore Contribution to IITBombay

  • SBI, via its CSR initiative, the SBI Foundation, has committed ₹22.5 crore to the Indian Institute of Technology, Bombay.
  • The objective is to create a Banking Data and Analytics Hub within IITB.
  • This center aims to tackle distinct challenges of the Indian banking and finance realm.
  • The partnership will harness the vast banking knowhow of SBI and the research prowess of IIT Bombay.


3. MoU Signing among ICG, Indian Navy, and Indian Port Rail & Ropeway Corporation

  • An MoU was inked between the Indian Coast Guard, Indian Navy, and the Indian Port Rail & Ropeway Corporation.
  • This agreement focuses on designing, establishing, and inaugurating a themed gallery on “The Journey of Indian Navy & Indian Coast Guard.”
  • India’s government, under the guidance of the Ministry of Ports, Shipping, and Waterways, is constructing the National Maritime Heritage Complex at Lothal in Gujarat, a site significant to the Indus Valley civilization.

National Affairs

4. ₹6,194 Crore Disaster Fund Allocation to 19 Indian States

  • The Home Minister of India, Amit Shah, sanctioned a release of ₹6,194.40 crore to 19 states from the State Disaster Response Fund.
  • This total comprises ₹1,209.60 crore allocated to four states: Chhattisgarh, Meghalaya, Telangana, and Uttar Pradesh for the fiscal year 2022-23.
  • The remaining ₹4,984.80 crore is designated for 15 other states, which include Andhra Pradesh, Assam, Bihar, and others.


5. Indian Duo Shine at Asian Squash Mixed Doubles 2023

  • In the 2023 Asian Squash Mixed Doubles held in Huangzhou, Indian players Dipika Pallikal Karthik and Harinderpal Singh Sandhu clinched the gold medal.
  • Another moment of pride for India came when Anahat Singh and Abhay Singh secured the bronze medal after a challenging semifinal against Malaysia’s players Ivan Yuen and Rachel Arnold.

Important Dates

6. Observation of International Plastic Bag Free Day on 3rd June 2023

  • The annual International Plastic Bag Free Day, aiming to shed light on the environmental damage caused by disposable plastic bags, is marked on July 3.
  • Originated by the global movement, Bag Free World, the day seeks to minimize the reliance on single-use plastic bags.
  • The 2023 edition of this day does not follow a particular theme.
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