07 July 2023 Current affairs: Staying well-informed about the latest current affairs is essential in our rapidly evolving world. As we delve into the month of July 2023, this article provides a concise yet comprehensive overview of the significant events that unfolded during this period. Explore the current affairs of July 2023, encompassing politics, economics, technology, and more, as we bring you up-to-date with the latest happenings around the globe.
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Don’t miss out on the opportunity to expand your knowledge and gain a deeper understanding of the significant events that shaped July 2023. Download the July current affairs 2023 PDF and stay informed about the latest happenings in this pivotal month.
Current Affairs of 07 July 2023 PDF | 07 July 2023 Current affairs
The 7th bilateral Japan-India Maritime Exercise, JIMEX 23, is being held at Visakhapatnam. The Indian Navy is hosting the exercise from 5 to 10 July 2023. This edition of JIMEX marks its 11th anniversary since its inception in 2012. The Indian Navy’s participation includes INS Delhi, INS Kamorta, INS Shakti, and other naval vessels.
The Reserve Bank of India (RBI) has recommended measures for the internationalization of the rupee. An RBI working group has suggested including the rupee in the Special Drawing Rights (SDR) basket and recalibrating the foreign portfolio investor (FPI) regime. The group, headed by RBI Executive Director Radha Shyam Ratho, was formed to review the rupee’s position as an international currency.
The Directorate General of Civil Aviation (DGCA) has signed a Memorandum of Understanding (MoU) with the EU Aviation Safety Agency (EASA) for cooperation in Unmanned Aircraft Systems and Innovative Air Mobility. The MoU aims to facilitate collaboration between the two civil aviation authorities in areas such as certification standards and environmental requirements.
The Ministry of Home Affairs has launched a Scheme for the Expansion and Modernization of Fire Services in the States with an outlay of Rs. 5,000 Crore. The objective of the scheme is to enhance and modernize fire services within the National Disaster Response Fund (NDRF). A portion of the outlay has been allocated for incentivizing states based on their reforms.
07 July Current affairs 2023 in English | 07 July 2023 Current affairs
India’s junior archery team secured a gold medal in the mixed team compound event at the World Archery Youth Championships in Limerick, Ireland. The Indian pair defeated Israel in the final with a score of 146-144. Additionally, India’s Manav Jadhav and Aishwarya Sharma won a bronze medal in the cadet mixed compound event.
The Gujarat government has increased the insurance coverage under the Pradhan Mantri Jan Aarogya Yojana from Rs. 5 lakhs to Rs. 10 lakhs. The decision will benefit approximately 1.78 crore Ayushman Bharat cardholders in the state. Cardholders can avail free medical treatment from government and private hospitals under the PMAY scheme.
According to the 2023 Global Peace Index (GPI) released by the Institute for Economics and Peace, India has been ranked 126th out of 163 countries. Iceland continues to hold the title of the most peaceful country in the world. The GPI assesses peace across various domains, including societal safety, ongoing conflicts, and militarization.
The 4th edition of the Space Economy Leaders Meeting has commenced in Bengaluru as part of India’s G20 Presidency. The meeting aims to discuss the sharing of the space mission economy, responsibilities of space agencies, and alliances in space missions. The goal is to enhance the space economy’s share in the global economy in a sustainable manner.
07 July 2023 Current affairs in English
The global e-commerce market is projected to reach over $8.5 trillion by 2026, according to the Global Payments Report 2023 by FIS. The report forecasts a compound annual growth rate of 9% for the e-commerce market from 2022 to 2026. During 2021-2022, all regions, except Europe, witnessed double-digit growth in e-commerce transactions.
The English translation of the Marathi novel “Dudiya: In your Burning Land” by Vishwas Patil has been released. The novel tells the story of a spirited young Adivasi girl challenging societal norms within her tribe and a Naxal camp. The book aims to portray her quest for dignity and independence. It was published by Niyogi Books.
The Reserve Bank of India (RBI) has canceled the banking licenses of two cooperative banks in Maharashtra and Karnataka. The Malkapur Urban Co-operative Bank Ltd in Buldhana and Shushruti Souharda Sahakara Bank Niyamita in Bengaluru ceased their banking operations due to inadequate capital and earning prospects.
FDI in developing countries in Asia remained at $662 billion in 2022, according to UNCTAD’s World Investment Report 2023. India experienced a 10% increase in FDI inflows to $49 billion, while China witnessed a 5% yearly growth to $189 billion. Overall global FDI declined by 12% to $1.3 trillion in 2022.
Bank of India has become the first bank to introduce the Mahila Samman Savings Certificate (MSSC) scheme. The scheme offers an interest rate of 7.5% per annum, compounded quarterly. Individuals or guardians can open accounts under this scheme on behalf of minor girls. The account matures after two years from the date of opening.