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Daily Current Affairs 7th March 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 7th March 2023. It includes all Major National, International, Business and Sports related current affairs of 7th 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 7th March 2023 Current affairs test.


National & International Appointments

1. S.S. Dubey Assumes Role as the New Controller General Of Accounts

  • S.S. Dubey, an Indian Civil Accounts Service officer from the 1989 batch, has assumed the position of the 28th Controller General of Accounts (CGA) effective from March 6, 2023.
  • Prior to this role, he served as the Additional Controller General of Accounts within the Public Financial Management System (PFMS).
  • In his capacity as the CGA, Dubey acts as the principal advisor to the Central Government on matters of accounting.
  • Other responsibilities under the CGA include maintaining control over the exchequer and performing internal audits for the Central Government.

National Updates

2. Mandatory HUID on Gold Jewelry from April 2023

  • Starting April 1, 2023, the Bureau of Indian Standards (BIS) will require all hallmarked gold jewelry or artifacts to carry the six-digit alphanumeric Hallmark Unique Identification number (HUID).
  • With the aim to promote quality in smaller units, BIS has decided to provide an 80% concession on the certification or base marking fee across its product certification schemes.
  • First introduced on July 1, 2021, the HUID is a combination of numbers and letters, unique to each piece of jewelry.
  • This distinct identification number is manually marked on jewelry at the Assaying & Hallmarking Centre (AHC).
  • This initiative seeks to guarantee the traceability of jewelry and confirm its gold content.

Global News

3. Electoral Democracy Index 2023: India at 108th Position; Denmark Leads

  • The 2023 V-dem Democracy report has ranked India 108th in the Electoral Democracy Index. This puts India behind countries such as Tanzania, Bolivia, Mexico, Singapore, and Nigeria.
  • India’s position has declined, moving from 100th in 2022 to its present ranking. In the Liberal Democracy Index (LDI), it was previously placed at 97th.
  • Topping the list is Denmark with a 0.89 score in LDI, followed by countries like Sweden, Norway, Switzerland, and Estonia.
  • Denmark stands out for its unrestricted freedom of speech, where its citizens enjoy full political rights, civil liberties, and engage in free elections.
  • On the LDI, the US, Canada, and the UK are ranked at 23rd, 24th, and 20th respectively.
  • The V-Dem report, which includes over 31 million data points for 202 countries spanning from 1789 to 2022, unveiled the top 10 global democracies.
  • Pakistan’s ranking has declined, now at 106th in LDI and 110th in EDI.

Recent Rankings

  • International IP Index: India is positioned 42nd out of 55 nations, led by the US.
  • Global Fire Power Index 2023: India ranks 4th, with the US leading.
  • Henley Passport Index 2023: India is at the 85th spot, while Japan holds 1st.
  • Taste Atlas’s World’s Best Cuisines: India stands at 5th with Italy in the lead.
  • Social Progress Index 2022: Among states, Puducherry leads, while Jharkhand and Bihar are at the lowest ranks.
  • Global Food Security Index (GFSI) 2022: India is 68th, with Finland at the helm.
  • Scientific Publications Paper Global Ranking: India is in 3rd place, China leads.
  • Passport Index 2022 by Arton Capital: India ranks 87th, with UAE in the top position.
  • Global Aviation Safety Rankings: India is 48th, with Singapore leading the charts.
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