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

Dear Readers,

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


National & International Appointments

1. Charles III’s Coronation in the UK

  • Charles III was officially anointed King of the United Kingdom in a grand ceremony held at Westminster Abbey, attended by more than two thousand attendees and prominent figures.
  • The solemn ritual saw the Archbishop of Canterbury positioning the St Edward’s Crown upon Charles III. Following this, his spouse, Camilla, received her coronation as Queen.
  • The new King swore a sacred oath to rule over the citizens of the UK with fairness and compassion.

Banking and Financial

2. Introduction of the LEI System by SEBI

  • The Legal Entity Identifier (LEI) system has been rolled out by the Securities and Exchange Board of India (SEBI). This is intended for entities listing, or considering listing, non-convertible securities, securitized debt instruments, and security receipts.
  • The LEI acts as a distinct global code for identifying legal entities involved in monetary transactions. This system aims to establish a global directory that accurately identifies all legal parties in financial dealings.
  • The specific 20-character LEI code helps pinpoint unique legal entities in the financial sphere. This system not only promotes increased transparency but also bolsters risk management in financial sectors. Furthermore, it plays a pivotal role in deterring fraud and ensuring thorough verification of all entities involved in financial transactions.
  • Additionally, the Reserve Bank of India (RBI) requires non-individual loan takers with a combined exposure exceeding Rs 25 crore to secure the LEI code.

Insights into the Securities and Exchange Board of India (SEBI)

  • Establishment Date: 12 April 1988
  • Enacting Legislation: Act of 1992
  • Headquarters: Located in Mumbai
  • Current Chairperson: Madhabi Puri Buch
  • Formation Committee: Uday Kotak Committee


3. Bindyarani Devi’s Achievement at the Asian Weightlifting Championships 2023

  • Indian weightlifting talent, Bindiya Devi secured a silver medal in the women’s 55kg division at the Asian Weightlifting Championships 2023 in South Korea.
  • Her impressive lifts comprised 83kg in the snatch and 111kg in clean & jerk, totaling 194kg in the non-Olympic 55kg division.
  • The gold medal was clinched by Chen Guan Ling from China with an overall lift of 204kg (90kg snatch and 114kg clean & jerk), while the bronze was awarded to Vo Thi Quynh Nhu of Vietnam with a 192kg lift.

National & International Appointments

4. Leadership Changes at Accenture India

  • Accenture India announced Ajay Vij as its new Managing Director.
  • Sandeep Dutta is set to lead the India market unit.
  • After a commendable two-decade-long journey with Accenture, Rekha M Menon, the senior managing director, and chairperson for Accenture in India, will conclude her tenure on June 30.
  • Ajay Vij has been associated with Accenture for a period exceeding 17 years.

A Brief Overview of Accenture

  • Accenture is a multinational professional services firm offering a broad spectrum of services, including consulting, digital transformation, technological solutions, and operations.
  • Founded in 1989, its global headquarters is in Dublin, Ireland.
  • The company has an expansive presence, operating in over 200 cities across 51 nations, and boasts a workforce exceeding 500,000 worldwide.

Recent Key Appointments

  • Administrator for the Basketball Federation of India (BFI): P Krishna Bhat
  • President of the Marylebone Cricket Club (MCC): Mark Nicholas
  • Head of Coal India (CIL): Polavarapu Mallikharjuna Prasad
  • Qantas Airline’s CEO: Vanessa Hudson
  • Atomic Energy Commission’s Chairman: Dr. Ajit Kumar Mohanty
  • Vodafone’s CEO: Margherita Della Valle

Important Dates

5. World Athletics Day 2023: Celebrated on May 7

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  • The global athletic community marked World Athletics Day 2023 on May 7, acknowledging the significance of athletes worldwide.
  • The theme for the 2023 event is ‘Athletics for All – A New Beginning’.
  • The day traces its origins back to the efforts of Primo Nebiolo, the erstwhile president of the International Association of Athletics Federations (IAAF).
  • The inaugural World Athletics Day took place on May 15, 1996.
  • IAAF was established on July 17, 1912, in Stockholm, Sweden.


6. INSV Tarini’s Voyage Back to India

  • The Indian naval sailing vessel, Tarini, is set to return to Indian shores after a six-month-long transcontinental voyage.
  • The expedition started in Goa on November 17, 2022, and is slated to conclude there on May 24, 2023.
  • Tarini’s journey included stops in Rio de Janeiro, Brazil, following a route via Cape Town, South Africa. Moreover, the vessel participated in the Cape to Rio Race 2023.
  • Upon its return, Tarini will have completed a demanding journey of 17,000 nautical miles.

7. Border Roads Organisation’s Project Dantak 64th Anniversary

  • The Border Roads Organisation (BRO) observed its 64th anniversary on May 07, 2023, with celebrations held at its various units nationwide.
  • To mark the occasion, a BRO-centric software was launched, aligning with the ‘Digital India’ initiative.
  • The Prime Minister lauded BRO’s Project Dantak for its initiatives commemorating this 64th anniversary.
  • Project DANTAK: Inaugurated on April 24, 1961, it was entrusted with the responsibility of pioneering the construction of motorable roads.
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