12 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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Current Affairs of 12 July 2023 PDF | 12 July 2023 Current affairs
Prime Minister Narendra Modi will be honored with the prestigious Lokmanya Tilak National Award 2023 by the Tilak Smarak Mandir Trust (Hind Swaraj Sangh) in Pune on August 1, 2023. The award recognizes PM Modi’s exceptional leadership, which has led India towards progress. The award is presented annually on the occasion of Lokmanya Tilak’s death anniversary. Previous recipients of the award include prominent figures such as Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh.
Jammu & Kashmir Bank has been awarded for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at the ICC Emerging Asia Banking Conclave & Awards 2022. The event, held in Goa, saw the participation of banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka, and Myanmar. The Indian Chamber of Commerce (ICC), a non-governmental trade association and advocacy group headquartered in Calcutta, organized the function.
According to a report by investment bank Goldman Sachs, India is expected to become the world’s second-largest economy by 2075, surpassing Japan, Germany, and the United States. With a population of 1.4 billion people, India’s GDP is projected to reach 52.5 trillion dollars, demonstrating remarkable growth. The labor force participation is set to contribute to India’s rise as the second-largest economy in the world by 2075.
L&T (Larsen & Toubro) has signed a teaming agreement with Spain-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program. The submarine project, valued at €4.8 billion, involves Navantia designing the submarines based on its S80 class of submarines. The agreement marks a significant step in the development of the project, with Navantia’s S80 class submarine currently undergoing sea trials for the Spanish Navy.
12 July Current affairs 2023 in English | 12 July 2023 Current affairs
In a study conducted by Invesco Global Sovereign Asset Management, India has surpassed China as the most attractive emerging market for investing in sovereign wealth funds. India’s solid demographics, political stability, and proactive regulation have contributed to its attractiveness. The nation’s rapidly expanding demography, strong regulatory actions, and welcoming climate for sovereign investors are among the positives highlighted in the study.
World Population Day is observed annually on July 11 to raise awareness about global population issues, including population control. The theme for 2023 is “Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities.” Established by the United Nations Development Programme (UNDP) in 1989, World Population Day commemorates the day the world’s population reached approximately five billion on July 11, 1987.
The Ministry of Housing and Urban Affairs (MoHUA) conducted a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0. Prime Minister Narendra Modi launched the 2.0 versions of SBM-Urban and AMRUT on October 1, 2021. SBM-U 2.0 aims to achieve 100% waste segregation in all households and premises, along with 100% door-to-door collection of segregated waste. AMRUT 2.0 focuses on providing complete coverage of water supply, sewerage, and septage in 500 AMRUT cities.
Gujarat Chief Minister Bhupendra Patel launched the pilot project of the ‘Antyodaya Shramik Suraksha Yojana’ from Kheda. The scheme, implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment, aims to provide insurance coverage to workers registered under the e-Shram portal. The scheme offers insurance with an annual premium of Rs. 289 and Rs. 499, providing support to workers in case of death or partial disability.
12 July 2023 Current affairs in English
Sheikh Talal Fahad Al Ahmad Al Sabah of Kuwait has been elected as the new President of the Olympic Council of Asia (OCA), replacing his older brother Sheikh Ahmad Al-Fahad Al-Sabah. The OCA, founded in 1982 by their father Fahad Al-Ahmed Al-Jaber Al-Sabah, serves as the governing body of sports in Asia, with 45 member National Olympic Committees.
Bajaj Allianz Life Insurance has been awarded the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards. The award recognizes the company’s ground-breaking WhatsApp Conversational Platform, which empowers customers to digitally access services for their insurance policies. The selection process involved shortlisting entries by industry experts and final voting by the community.
Mumbai-based CarTrade Tech Ltd will acquire OLX India’s auto sales business for Rs. 537 crore. The acquisition involves CarTrade acquiring a 100% stake in Sobek Auto India Pvt Ltd, the entity housing OLX India’s automotive business. The deal is an all-cash transaction and is expected to be completed within 21-30 days. Sobek Auto India Pvt Ltd operates as an automotive digital platform under the Companies Act of 2013.
The National Law University (NLU), Delhi has launched the ‘Research Affiliate’ program called Eklavya. This program is designed for individuals who do not have a traditional law degree but have at least three years of demonstrable experience working on issues with a significant interface with the law. The program aims to actively seek partnerships outside the university and benefit from the experiences and perspectives of the affiliates to develop high-quality legal scholarship.
India and the USA jointly conducted ‘Operation Broader Sword’ to combat the illegal shipment of drugs through the International Mail System. The operation targeted shipments of illicit, potentially dangerous, unapproved prescription drugs, combination medical devices, and synthetic drug precursors being sent through International Mail Facilities. Over 500 such shipments bound for US consumers were intercepted during the operation.