Daily Current Affairs UPSC: Daily Current Affairs 18 March 2023 are an integral part of the general awareness section of the major government sector exams. To prepare for any competitive exam, one of the important sections to read and learn is general awareness. Daily Current Affairs today and news current affairs, international current affairs for Exams like UPSC, Bank, SSC, RRB or any Government (Sarkari) Exam demand aspirants to be updated with what’s happening in India and around the world. This article contains the Daily Current Affairs with Static GK.
Daily Current Affairs with Static GK : 17 March 2023
1. TCS appoints K Krithivasan as CEO designate
Tata Consultancy Services (TCS) has appointed veteran K Krithivasan as MD & CEO designate with effect from March 16, 2023.
He has replaced Rajesh Gopinathan, who resigned recently.
Gopinathan completed his six years as CEO and was reappointed as CEO till 2027.
He will continue with the company till September 15, 2023, and provide transition and support to K Krithivasan.
Before this role, K Krithivasan served as President and Global Head of BFSI Business Group, TCS.
2. FSIB recommends Ashwani Kumar as MD of UCO Bank
FSIB has recommended the executive director of Indian Bank, Ashwani Kumar as an MD of UCO Bank.
Before Indian Bank, he worked as chief general manager of the Mumbai Zone of Punjab National Bank (PNB).
He would succeed Soma Sankara Prasad, whose tenure will be completed on May 31, 2023.
The final decision on the FSIB recommendation would be taken by the ACC headed by PM Narendra Modi.
Former secretary of DoPT Bhanu Pratap Sharma headed the FSIB.
3. Anup Bagchi to head ICICI Prudential Life from June 2023
ICICI Bank’s executive director Anup Bagchi will take over as the CEO of ICICI Prudential Life Insurance on June 19, 2023, subject to regulatory and statutory approvals.
He will replace the present CEO, NS Kannan, who will superannuate on June 18, 2023.
He has been working with the ICICI group since 1992 and was appointed as an executive director of ICICI Bank on February 1, 2017.
He worked as the Non-Executive Director of ICICI Prudential Life since October 2018.
4. India’s KR Parvathy appointed as UN Resident Coordinator in Tajikistan
UN Secretary-General Antonio Guterres appointed India’s Kavilmadam Ramaswami Parvathy as the United Nations Resident Coordinator in Tajikistan.
She has served in leading roles at the World Food Programme in Türkey and Afghanistan.
She has more than 30 years of experience in the development and humanitarian sectors, focusing on strategic planning, performance, risk management, people management, conflict analysis, and humanitarian access negotiations.
5. Bengaluru receives ‘healthy city’ award for smoking laws
Bengaluru won the ‘Partnership for Healthy Cities’ award and a cash prize of $ 150,000 for effectively enforcing smoke-free laws at a summit held in London.
The focused effort from smoke-free Bengaluru resulted in a reduction of public-place smoking from 18.2% (2017) to 13.3% (2021).
The display of ‘no-smoking’ signs in the city also increased from 23.1% (2017) to 75%.
The global summit brought together officials from over 50 cities to discuss public health concerns.
6. Solar Energy capacity tripled in last 5 years from 21651 to 64380 MW
Union Minister of Renewable Energy & Power, R. K. Singh informed in the Lok Sabha, that Solar projects of an aggregate capacity of 64,380 MW have been installed in the country (as of 28.02.2023).
India’s solar capacity has increased from 21,651 MW to 64,380 MW, an increase of 197% in the last 5 years.
The Government has set a target of achieving 500 GW of installed capacity from non-fossil fuels (including around 270 GW of solar capacity) by 2030.
7. RBI and UAE’s Central Bank sign MoU for innovation in financial services
The Reserve Bank of India (RBI) signed an MoU with the Central Bank of the UAE to promote innovation in financial products and services.
Both central banks will work together to explore Central Bank Digital Currencies.
They will also investigate interoperability between the CBDCs of CBUAE and RBI.
They will conduct proof-of-concept and pilot tests of the bilateral CBDC bridge to facilitate cross-border transactions of remittances and trade.
8. Ayush Ministry, MoRD sign MoU for skilling of rural youth and women
The Ministry of Rural Development (MoRD) and the Ministry of Ayush signed an MoU for the skilling of rural youth and empowering women.
The MoU is valid for three years.
Under this MoU, the training program shall be funded as per Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) cost norms.
National Rural Livelihoods Mission and DDU-GKY will communicate to States/UTs for enlisting willing SHG members and rural poor youth
DDU-GKY is the flagship program of the MoRD
9. National Vaccination Day 2023: 16 March
National Vaccination Day is observed every year on March 16 to spread awareness about the importance of vaccinations for human health.
The theme for 2023 has not been announced by the Ministry of Health.
The day was first observed in 1995 when the Indian government started the Pulse Polio Immunisation program.
It focuses on the relevance of vaccinations in the battle against deadly diseases and appreciates the hard work of healthcare professionals.
10. Falcon LLM, a rival of ChatGPT launched in Abu Dhabi
The Technology Innovation Institute in Abu Dhabi (UAE) has launched Falcon LLM, a large language model (LLM) with 40 billion parameters.
It was trained on one trillion tokens and built by the AI and Digital Science Research Center’s AI Cross-Centre Unit.
The model outperforms GPT-3 and requires only 75% of its training compute, as well as lower percentages of other large language models’ training compute.
LLMs have a wide range of applications, including chatbots.
11. CRISIL: India’s GDP to grow at 6% in FY24
According to the credit rating agency CRISIL report, India’s Gross Domestic Product (GDP) is estimated to grow at 6% in 2023-24, slower than the 7% estimated for 2022-23.
Report Title: Rider in the Storm: Tracing India’s Growth in a Volatile World
It was also estimated that the corporate revenue would continue to grow in double digits, buoyed by strong domestic demand.
Retail inflation will average 5% over 2023-24, lower than the 6.8% (averaged in 2022-23).
12. Defense ministry approved to buy worth Rs 70,500-crore indigenous arms
An apex body of the defense ministry for clearing weapons procurement, the Defence Acquisition Council (DAC) met under the chairmanship of DM Rajnath Singh.
The DAC has accorded Acceptance of Necessity (AoN) for capital acquisitions worth Rs 70,500 crore under Buy Indian-IDDM (Indigenously Designed, Developed, and Manufactured) — a new procurement category.
It includes 307 Advanced Towed Artillery Gun Systems and 60 indigenous marine utility helicopters.
13. Digit Insurance launches three new health plans
The Go Digit General Insurance has announced three new plans under the Digit Health Insurance policy.
The three plans—Digit Double Wallet, Digit Infinity Wallet, and Digit Global Treatment
Aim: To meet Indians’ newly evolved health insurance demands following the pandemic
Under the Infinity Wallet and Worldwide Treatment plan for every claim-free year, the policyholders can earn 50% of the sum insured as a cumulative bonus of up to 100% of the SI.