Daily Current Affairs January 31 2023

 

CURRENT AFFAIRS : BANKING & FINANCE

Equity mutual funds to adopt T+2 redemption payment cycle from Feb 1 2023

  • All asset management companies (AMCs) in India will move to T+2 – shorthand for “trade date plus two days”, redemption payment cycle for equity schemes from February 1, 2023, in a move to benefit mutual fund investors.
  • The announcement has come on the heels of Indian equity markets moving to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.

Daily Current Affairs January 29 & 30 2023

 

CURRENT AFFAIRS: BANKING & FINANCE

PSBs, insurers likely drove India’s 1st green bond auction                   

  • The Reserve Bank of India (RBI) conducted the auction of green bonds, with a total of 8,000 crore worth of two securities, a 5-year bond and a 10-year bond being sold.
  • The 5-year and 10-year green bonds were issued at a premium compared to the similar existing maturity sovereign regular bonds.
  • This is part of the Rs 16,000 crore Sovereign Green Bond auction that the RBI will conduct in the current financial year.
  • The second green bond auction will be conducted on February 9, 2023.

Daily Current Affairs January 28 2023

 

CURRENT AFFAIRS: BANKING & FINANCE

India may peg nominal GDP growth at about 11% in the 2023/24 budget    

  • India is likely to peg its nominal gross domestic product (GDP) growth at around 11% during the budget session, marking a slowdown from its estimate for the current fiscal year due to the prospect of weak exports.

What is Nominal GDP growth?

  • Nominal GDP growth is the value of all the final goods and services at current market prices.
  • Nominal GDP growth takes into account factors such as inflation, price changes, changing interest rates, and money supply at the time of determining GDP.

Daily Current Affairs January 27 2023

BANKING & FINANCE:

ADB & NSFTPL sign Rs 1066 crore loan agreement to upgrade India’s Jawaharlal Nehru Port Container Terminal

  • The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a loan agreement of $131 million or Rs 1066 crore to upgrade the Jawaharlal Nehru Port Container Terminal located in Navi Mumbai, Maharashtra, India.
  • The loan will be used to improve the terminal’s infrastructure and increase its container handling capacity. 

Daily Current Affairs January 26 2023

BANKING & FINANCE :

RBI asks SBM Bank to stop all remittance transactions under LRS           

  • The Reserve Bank of India (RBI) has directed the SBM Bank (India) Ltd to stop all Liberalised Remittance Scheme (LRS) transactions with immediate effect till further orders.
  • The RBI under sections 35A and 36(1)(a) of the Banking Regulation Act, 1949, has directed SBM Bank to stop LRS transactions.

Daily Current Affairs January 25 2023

 BANKING & FINANCE:

Reserve Bank of India extends time for Bank Locker Renewal Agreements till Dec 2023

  •   The Reserve Bank of India (RBI ) extended the time for banks to renew their customer agreements for locker facilities to December 31, 2023, due to compliance delays.
  • The previous deadline was January 1, 2023, communicated through a circular on August 18, 2021.

Key Highlights : 

  • The deadline has been extended to December 31, 2023, for renewals in a phased manner, with 50% completed by June 30, 2023, and 75% by September 30, 2023.
  • To facilitate the execution of the revised agreements, the banks have been advised to make arrangements, like ensuring the availability of stamp papers, etc.

Daily Current Affairs January 24 2023

CURRENT AFFAIRS: IMPORTANT DAYS

National Girl Child Day: 24th January 

  • National Girl Child Day 2023 is observed on the 24th of January 2023.
  • The Ministry of Women and Child Development of the Government of India established National Girl Child Day in 2008, marking the beginning of the day’s history.
  • Children who are girls regularly experience discrimination and injustice in Indian society.
  • They are frequently denied the opportunity to further their education and are required to help out around the house starting at a very young age.
  • The government aims to convey the urgent need to treat female children equally and give them the opportunities they rightfully deserve through Girl Child Day.

Daily Current Affairs January 22 & 23 2023

 CURRENT AFFAIRS: IMPORTANT DAYS

Netaji Subhas Chandra Bose Jayanti: 23rd January

  • Netaji Subhas Chandra Bose Jayanti 2023 is observed on the 23rd of January 2023.
  • In Cuttack, Orissa/Odisha, on January 23, 1897, Netaji Subhas Chandra Bose was born. Janakinath Bose and Prabhavati Dutt were his parents.
  • With the motto “Delhi Chalo,” Netaji organized and oversaw a 5,000-man army known as the Azad Hind Fauj (Indian National Army) in Southeast Asia during World War II in 1942.

Daily Current Affairs January 21 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

PM Modi launches projects worth Rs 38,000 cr, inaugurates two Metro rail lines:

  • Prime Minister Narendra Modi has inaugurated and laid the foundation stones of various development projects in Mumbai.
  • These projects, which are worth more than Rs. 38,000 crores, belong to different sectors and aim to develop infrastructure, ease urban travel, and strengthen healthcare in the state.
  • During his visit, PM Modi launched two new Mumbai Metro Rail Lines 2A and 7 which have been developed at a cost of around Rs. 12,600 crores.
  • The Prime Minister not just did inaugurated the metro lines, but also rode the newly launched metro.

Daily Current Affairs January 20 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

Hyderabad to host India’s first Fourth Industrial Revolution center on healthcare, life sciences:

  • Hyderabad will host a World Economic Forum Centre for the Fourth Industrial Revolution (C4IR), the first thematic center in India to focus on life sciences and healthcare
  • The center will be an autonomous, non-profit organization focusing on policy and governance for healthcare and life sciences.
  • The announcement was made after the state government and the international organization signed a collaboration agreement during the annual meeting.

Daily Current Affairs January 19 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

ASI unearths two 1200-year-old miniature stupas at Nalanda:

  • The Patna circle of the Archaeological Survey of India (ASI) unearthed two miniature votive stupas dating back 1200 years during landscaping work near the Sarai Tila mound within the grounds of “Nalanda Mahavihara,” a world heritage site in the state’s Nalanda district.
  • The stupas, carved from stone, depict Buddha figures.

Daily Current Affairs January 18 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

SPIC MACAY, Culture Ministry collaborate for ‘Music in the Park’ series under ‘Shruti Amrut’:

  • The Society for the Promotion of Indian Classical Music And Culture Amongst Youth (SPIC MACAY) organized its very popular ‘Music in the Park’ series this year under the name ‘Shruti Amrut’ in collaboration with the Ministry of Culture and the New Delhi Municipal Council.
  • The beauty of Indian Classical Music was showcased by eminent artists from across the country.
  • In this series, the first event of 2023 was held in Nehru Park, Chanakyapuri, New Delhi.

Daily Current Affairs January 15 to 17 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

Indian Army Day 2023: 15th January

  • Indian Army day 2023 is observed on the 15th of January 2023.
  • One million Indians volunteered to serve in the British Army during World War I, and almost 90,000 of them died in the war.
  • In a similar vein, about half of the officers in the World War II engagements were Indian.
  • The loyalty of Indian soldiers was torn as the struggle for Indian independence gained momentum in 1946.
  • The majority of the British-led army and navy divisions either rebelled or quit.
  • Although the British military continued to be “Indianized” until after the country gained its independence, the ultimate transfer took place on January 15, 1949, and this is the day we commemorate.

Number Series Shortcuts and Mind Tricks

 Important Points to Remember:

 

i). If numbers are in ascending order in the number series.
Numbers may be added or multiplied by certain numbers from the first number.
     SET – I:
Step 1: Check whether it is ascending, descending, or mixed order.
Step 2: It is  in ascending order. So add or multiply by certain numbers from the first number.
Step 3 : The difference between first number and second, and the difference between second and third and so on., are in increasing order of +4 and +3
Step 4: Hence the answer for the above series is 37.
Step 1: Check whether it is ascending, descending, or mixed order.
Step 2: It is in ascending order. So add or multiply by certain numbers from the first number.
Step 3: By adding the first number and second, and second and third and so on., it is not in the sequence of increasing order. Try multiplication
Step 4: Take 1 and 3, let’s start multiplying 1*3=3, by seeing this we get to know, by multiplying 3*4 it gives 12, and 12*5=60.
Step 4: Hence the answer for the above series is 360.


ii). If numbers are in descending order in the number series,
Numbers may be subtracted or divided by certain numbers from the first number.
SET – II :
Step 1: Find whether the given number is in descending order.
Step 2: It is in descending order. So subtract or divide by certain numbers from the first number.
Step 3: The difference between the first number and second, and the difference between second and third and so on, are in order of -16,-8,-4,-2
Step 4: Hence the answer for the above series is 3.
Step 1: Check whether it is ascending, descending, or mixed order.
Step 2: It is in descending order. So subtract or divide by certain numbers from the first number.
Step 3: By dividing the first number by 6 it gives 120.
Divide 120/ 5 =24, 24/4=6, 6/3=2, 2/2=1 .It is in decreasing order.
Step 4: Hence the answer for the above series is 1.
iii). If numbers are in mixing order (increasing and decreasing) in the number series.
Numbers may be in addition, subtraction, multiplication, and division in alternate numbers.
Step 1: Check whether it is ascending, descending, or mixed order.
Step 2: It is in mixing order. So it may be in addition, subtraction, division and multiplication, squares and cubes.
Step 3: In the above series, it is mixing of the square, addition, and subtraction.
(14)2= 196+4= 200
(13)2=169. By adding 4 it gives 173. Try subtraction.
169-4=165
Here we found it is in order of squaring a number, adding by 4, and subtracting by 4.
Step 4: Hence the answer for the above series is 77.
Step 1: Check whether it is ascending, descending, or mixed order.
Step 2: It is in ascending order. So add or multiply by certain numbers from the first number.
Step 3: In the above series, let’s add the first number with 3 i.e.,14+3= 17
But with the second number, we can’t able to add +3 and so on.
Let’s try adding the first number and second number i.e. 14+17=31
Second and third, i.e. 17+31 =48 and so on
This series is in the form of miscellaneous
Step 4: Hence the answer for the above series is 79

Aptitude Shortcuts and Tricks for Allegation & Mixture Problems

 Aptitude Shortcuts and Tricks for Allegation & Mixture Problems:

Dear Readers, Aptitude Shortcut methods and tricks for the problems related to Allegation & Mixture were given below. Candidates who are preparing for upcoming exams can use this.

Allegation & Mixture

Type-1: If a mixture contains two liquids in the ratio a:b and if x liter of b is added to the mixture, then the ratio of two liquids becomes a:c, then the quantity of liquid in the mixture is given by
[ax/(c-b)] and that of liquid b is given by [bx/(c-b)].
Example: A mixture contains milk and water in ratio 4:3. If 5 litres of water is added to the mixture. The ratio becomes 4:5. The quantity of milk [(4×5)/(5-3)]= 20/2= 10 litre.


Type-2:A container initially contains x unit of liquid and a unit of liquid is taken out and it is filled with a unit of water repeatedly up to n times, then the final quantity of the original liquid in the container is given as
Example: A container has 60 litres of milk, from this container, 4 litres of milk is taken out and replaced with water. If this process is repeated 3 times, then the quality of milk in the container is left.


Type-3:A Container has milk and water in the ratio a:b, a second container has milk and water in the ratio c:d. If both the mixture is emptied into a third container, then the ratio of milk to water in the third container is given by
Example: 3 Container has milk and water in the ratio 2:1, 3:1, 3:2 respectively and all three containers are emptied into a bigger container, the ratio of milk to water in a bigger container.

Daily Current Affairs January 14 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

Union Minister Shri Sarbananda Sonowal inaugurates School of Logistics, Waterways and Communication in Agartala:

  • The Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal, along with Dr Manik Saha, Chief Minister, Tripura inaugurated the School of Logistics, Waterways and Communication.
  • The school will enable the rich pool of talent of the region to become world-class experts in the transportation and logistics sector.
  • To unlock the promised economic potential of the Northeast, the school will enable the capacity of human resources along our opulent waterways
  • The Centre for Logistics, Communication and Waterways would facilitate in conducting studies/research, training, workshops/seminars for stakeholders like businesses, exporters/importers, Chambers of Commerce and Industries, local entrepreneurs, tourist operators etc.

Aptitude Tips and Tricks on Percentage

 PERCENTAGE

What is Percentage: A fraction with its denominator as ‘100’ is called a percentage. Percentage means per hundred. So it is a fraction of the form 6/100, 37/100, 151/100, and these fractions can be expressed as 6%, 37%, and 151% respectively. By a certain percent, we mean that many hundredths. 

Thus x percent means x hundredths, written as x%.  

To express x% as a fraction:We have, x% = x/100.  

Thus, 20% =20/100 =1/5; 48% =48/100 =12/25, etc.  

To express a/b as a percent:We have, a/b = ((a/b)*100)% 

Thus, ¼ =[(1/4)*100] = 25%; 0.6 =6/10 =3/5 =[(3/5)*100]% =60% 

Why Percentage: Percentage is a concept evolved so that there can be a uniform platform for comparison of various things. (Since each value is taken to a common platform of 100) 

Example: To compare three different students depending on the marks they scored we cannot directly compare their marks until we know the maximum marks for which they took the test. But by calculating percentages they can directly be compared with one another. 

Important Points to Remember: 

a)If the price of a commodity increase by R%, then the reduction in consumption so as not to increase  the expenditure is  

[R / (100+R))*100] % 

b)If the price of the commodity decreases by R%, then the increase in consumption so as to decrease the  expenditure is  

[(R / (100-R)*100] % 

c)If A is R% more than B, then B is less than A by  

[(R/(100+R))*100]% 

  1. d) If A is R% less than B, then B is more than A by  

[(R/(100-R))*100]% 

Results on Population: Let the population of the town be P now and suppose it increases at the rate of  R% per annum, then:  

  1. Population after n years = P [1+(R/100)]n
  2. Population n years ago = P / [1+(R/100)]n

Results on Depreciation: Let the present value of a machine be P. Suppose it depreciates at the rate of R%  per annum. Then,

  1. Value of the machine after n years = P [1-(R/100)]n
  2. Value of the machine n years ago = P / [1-(R/100)]n

Daily Current Affairs January 13 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

National Road Safety Week 2023:

  • Every year, National Road Safety Week is celebrated from January 11 to 17.
  • Organized by the Ministry of Road Transport and Highways, the week intends to spread awareness around road safety, which is a major concern for authorities as well as the government.
  • National Road Safety Week was celebrated for the first time in 1989.
  • On March 15, 2010, the Centre sanctioned the National Road Safety policy, recommended by the Sunder Committee.
  • The Road Safety Week celebration is initiated by the Ministry of Road Transport and Highways to raise public awareness about traffic rules.
  • Charitable organizations, non-government organizations, and private firms across the country join hands with the government to provide logistic support for road safety measurements.

Daily Current Affairs January 12 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

National Youth Day 2023: 12th January

  • National Youth Day 2023 is observed on the 12th of January 2023.
  • On January 12, 1984, the Indian government declared Swami Vivekananda’s birthday as National Youth Day for the first time.
  • Since then, the day is celebrated nationwide as National Youth Day.
  • The government’s primary motivation for making the decision was to improve the quality of life for the people of the country by urging young people to draw inspiration from Swami Vivekananda’s life and accomplishments to revive youngsters’ enduring vitality and boost the economy of the country.

Daily Current Affairs January 11 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

National Human Trafficking Awareness Day: 11th January

  • National Human Trafficking Awareness Day 2023 is observed on the 11th of January 2023.
  • The fight against human trafficking made progress in the late 20th and early 21st centuries.
  • The Trafficking Victims Protection Act, which was passed in 2000, was the first federal statute to address contemporary slavery.
  • Anti-Slavery International also founded the American nonprofit organization Free The Slaves.

Daily Current Affairs January 10 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

World Hindi Day: 10th January

  • World Hindi Day 2023 is observed on the 10th of January 2023.
  • To recognize the significance of the Hindi language and to represent the global Hindi-speaking population, Vishwa Hindi Diwas is observed.
  • The inaugural World Hindi Conference, or Vishva Hindi Sammelan, was held in Nagpur, Maharashtra, in 1975, which is when World Hindi Day first became a thing.
  • This day was dedicated to honouring both the Hindi language and the many authors who have contributed to its literature.

Daily Current Affairs January 08 & 09 2023

 CURRENT AFFAIRS: IMPORTANT DAYS

Pravasi Bharatiya Divas 2023 Or NRI Day: 9th January

  • NRI Day 2023 or Pravasi Bharatiya Divas 2023 is observed on the 9th of January 2023.
  • NRI Day 2023 or Pravasi Bharatiya Divas 2023 theme set by the Ministry of External Affairs this year is “Diaspora: Reliable Partners for India’s Progress in Amrit Kaal”.

Daily Current Affairs January 07 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

Ghaziabad-Pandit Deen Dayal Upadhya section becomes India’s longest rail track with automatic signalling system:

  • Indian Railway’s Ghaziabad-Pandit Deen Dayal Upadhyay section has become the nation’s longest fully Automatic Block Signalling (ABS) section.
  • The 762 km long route has been fully automated.

Daily Current Affairs January 06 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

World Day of War Orphans: 6th January

  • World Day of War Orphans 2023 is observed on the 6th of January 2023.
  • Children who lose their parents in sudden, violent events like war are forced to live with a surviving relative or into the foster care system, where they must deal with horrible living conditions including starvation and disease.

Daily Current Affairs January 05 2023

 

CURRENT AFFAIRS: NATIONAL NEWS

PM has inaugurated Dr. Syama Prasad Mookerjee National Institute of Water and Sanitation in Kolkata:

  • Prime Minister, Shri Narendra Modi has inaugurated the Syama Prasad Mookerjee National Institute of Water and Sanitation (SPM-NIWAS) at Joka in Kolkata via video conferencing.

Daily Current Affairs January 04 2023

 

CURRENT AFFAIRS: IMPORTANT DAYS

World Braille Day 2023: 4th January

  • World Braille Day 2023 is observed on the 4th of January 2023.
  • On World Braille Day 2023, Create awareness about the word Braille because many have not aware of its importance of Braille.
  • On World Braille Day 2023, Give a Braille-written gift to a person who is blind or partially sighted.
  • This present might be a book, a toy, or educational materials.