Daily Current Affairs

2nd March 2023

 Daily Current Affairs
2nd March 2023

BANKING & FINANCE

PFRDA introduces T+2 settlement for partial withdrawal of NPS

 The Pension Fund Regulatory
Development Authority (PFRDA) has
reduced the timeline for withdrawal from
the National Pension System (NPS)
subscribers for processing partial
withdrawal requests from 4 working days
(T+4) to 2 working days (T+2) across all
Central Record Keeping Agencies (CRAs).
What is T+2 & T+4?
 T+2 means, “after 2 days of the request”, and T+4 means “after 4 days of the
request”.
Conditions of partial withdrawal :
 Subscriber should be in NPS at least for 3 years
 Withdrawal amount will not exceed 25% of the contributions made by the Subscriber
 Withdrawal can happen a maximum of 3 times during the entire tenure of
subscription.
 Withdrawal is allowed only against the specified reasons, for example Higher
education of children, Marriage of children
Key Highlights :
 With the latest move on partial-withdrawal, PFRDA has now crunched the turnaround
time for all kinds of withdrawals.
 As part of Azadi Ka Amrit Mahotsav and to commemorate 75 years of India’s
independence, the intermediaries of PFRDA viz Central Record Keeping Agencies
(CRAs), Pension Fund and Custodians have improved the system interface.
 Meanwhile, India’s pension assets (NPS and APY) continue to show frenetic growth
and the assets under management touched about ₹8.75-lakh crore till February 11,
2023.
About PFRDA :
 Founded : 23 August 2003
 Headquarters : New Delhi, Delhi, India
 Chairman : Supratim Bandyopadhyay
 PFRDA is the regulatory body for overall supervision and regulation of pensions in
India.
 It operates under the jurisdiction of the Ministry of Finance in the Government of
India.

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IDFC Mutual Fund to launch India’s first international ETF debt fund

 IDFC Mutual Fund (MF) is set to

launch India's first international debt
fund, the IDFC US Treasury Bond 0-1
Year FOF (fund of funds).
 With this international debt fund,
Indian retail investors can now have
access to diversify their investments and
invest in ultra-safe, currently high-
yield US treasury securities.
 They can also use this FOF as a hedge against their exposure to the US dollar (USD).
Key Highlights :
 The IDFC US Treasury Bond 0-1 Year FOF will invest in JPMorgan BetaBuilders US
Treasury Bond 0-1 Year UCITS ETF, an exchange-traded fund (ETF) with exposure
to 0-1-year US treasuries.
 Except for some cash holdings for liquidity needs, the fund will have 100% exposure
to US treasuries.
 In 2022, the 1-year US treasury yields have increase from 0.38% to 4.65%, making it a
good time to invest in US debt instruments.

Bank of Maharashtra partners with Experian India for credit portfolio management

 The Bank of Maharashtra (BoM)

announced a strategic partnership with
Experian India, In order to strengthen
the digital security of the services.
Aim :
 To provide a comprehensive suite of
services such as credit risk, advanced
analytics, and fraud prevention.
Key Highlights :
 Experian is collaborating with BoM to provide innovative solutions throughout the
customer lifecycle, enabling the bank to on-board New to Credit (NTC) and New to
Bank customers (NTB) and service existing customers efficiently.
 BoM will avail the services for retail and non-retail clients, including SMEs (Small
and Medium Enterprises), MSMEs (Micro, Small, and Medium Enterprises), and
corporates.
About Experian :
 Experian is a leading global information services company, providing data and
analytical tools to our clients around the world
 MD of Experian Credit Information Company of India : Saikrishnan Srinivasan

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About BoM :
 Established : 16 September 1935
 Headquarters : Pune, Maharashtra, India
 MD & CEO - Shri A S Rajeev.
 Tagline : One Family One Bank

RBL Bank partners with India Exim Bank for Trade Finance
 RBL Bank and Export-Import Bank of
India (India Exim Bank), have entered
into an agreement under the Trade
Assistance Programme (TAP), to
support cross-border trade transactions.
 Under the TAP, India Exim Bank aims to
facilitate and enhance India's exports
globally by providing credit enhancement
to trade instruments.
Key Highlights :
 Through the programme, India Exim Bank will extend trade lines to participating
overseas banks/institutions in the emerging markets.
 The credit enhancements to trade instruments will help mobilise trade finance and
would increase support to Indian exporters.
About RBL Bank :
 Founded : 6 August 1943
 Headquarters : Mumbai, Maharashtra, India
 MD & CEO : Mr. R Subramaniakumar
 RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank
About EXIM Bank of India :
 Established : 1982
 Headquarters : Mumbai, Maharashtra, India
 Managing Director : Ms. Harsha B Bangari

NATIONAL NEWS
FSSAI specifies comprehensive group standard for millets
 The Food Safety and Standards Authority of India (FSSAI) has specified a
comprehensive group standard for millets.
 It has notified Food Safety and Standards (Food Products Standards and Food
Additives) Second Amendment Regulations, 2023.
 The standards will be enforced on September 1.
 So far, individual standards for only a few millets like jowar, ragi, bajra and Amaranth
are prescribed in the Food Safety and Standards (Food Product Standards and Food

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Additives) Regulations, 2011.

 FSSAI has now framed a comprehensive group
standard for 15 types of millets specifying 8
quality parameters i.e., maximum limits for
moisture content, uric acid content, extraneous
matter, other edible grains, defects, weevilled
grains, and immature and shriveled grains, so as to
ensure availability of good quality (standardized)
millets in domestic and global markets.
 The group standard is applicable to barnyard
millet, Amaranthus, Buckwheat, Finger Millet,
Foxtail Millet, Pearl Millet, Fonio, Little Millet and
Sorghum among others.
 This comes at a time when the International
Year of Millets 2023 provided an opportunity to
increase global production, efficient processing and better use of crop rotation and
promote millets as a major component of the food basket.
 Millets are a group of small-grained cereal food crops that are highly tolerant to
drought and other extreme weather conditions and require low chemical inputs such
as fertilizers and pesticides.
 Most millet crops are native to India and provide most of the nutrients required for
normal functioning of the human body.
About FSSAI
 Food Safety and Standards Authority of India is a statutory body established under the
Ministry of Health & Family Welfare, Government of India.
 The FSSAI has been established under the Food Safety and Standards Act, 2006, which
is a consolidating statue related to food safety and regulation in India.
 Founded: 5 September 2008
 Headquarters: New Delhi

60% of voters linked Aadhaar to voter ID: RTI

 As per the response from the Election Commission (EC) through RTI has
disclosed that over 60% of India’s 94.5 crore voters in India have linked their
Aadhaar number to their voter IDs.
 The Election Laws (Amendment) Act, 2021 was passed to deduplicate electoral rolls by
allowing election authorities to collect the 12-digit number from voters.
 The total number of voters who have their Aadhaar linked is 56, 90, 83,090.
 Tripura has the highest rate of Aadhaar linking; over 92% of voters in the State.
 The per-State percentages given here are based on total voter enumerations released
by States and Union Territories in the past three years.
 After Tripura, Lakshadweep and Madhya Pradesh occupy the second and third
spots, with over 91% and 86% of voters having provided the number respectively.

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 Voters in southern States have not

provided their Aadhaar in such
proportions, even though they are
above the national average.
 Andhra Pradesh and Karnataka
both fell to 71%, whereas the number
stands around 63% and 61% for Tamil
Nadu and Kerala.
 The State with the lowest Aadhaar
registration by voters is Gujarat,
where only 31.5% of voters have linked
the document to their voter
registration.
 Less than 34% of voters in the Delhi
had their Aadhaar linked.

LIC reduces its stake in Industrial Investment Trust to 3.362%

 Life Insurance Corporation of India (LIC) has

diluted its shareholding in ‘Industrial
Investment Trust Limited’(IITL) from 12,25,017
to 7,57,966 Equity Shares decreasing its
shareholding from 5.433% to 3.362% of the paid-
up capital.
 It sold about 4.67 lakh shares of IITL at an average price of ₹88.39 between July 6, 2012,
and February 23, 2023, the insurance major informed the exchanges.
About LIC :
 Founded : 1 September 1956
 Headquarters : Mumbai, Maharashtra, India
 Chairperson : M R Kumar
About IITL :
 IITL, was incorporated in the year 1933 as an investment trust company.
 IITL obtained Certificate of Registration from Reserve Bank of India in the year 2000
to carry on as a Non Banking Financial Company (NBFC) without accepting Public
Deposit

INTERNATIONAL NEWS
Bangladesh govt signs agreement with ISA to increase usage of solar energy in Bangladesh

 The government of Bangladesh signed an agreement with the International Solar

Alliance (ISA) to increase the use of solar energy in Bangladesh.

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 The agreement was signed between

the ISA Director General Ajay
Mathur and the Bangladesh Power
Division Secretary Habibur Rahman.
 The agreement is to be implemented
by December 2026.
Key Highlights :
 The government has set up a target of
generating 40% of its total energy
through renewable sources by 2041.
 Bangladesh aims to produce 4000 MW of solar power by the end of 2030 for which
various projects have been taken up.
 Several projects include 12 trolley mounted solar irrigation systems of 2 kw each for
Bangladesh Rice Research Institute (BRRI), 12 portable solar paddy threshers of 2
kw each, 1.5 kw solar drinking water plant, installation of 2 rooftop solar of 22 KW
capacity and any 1 railway installation of rooftop solar projects on platforms will be
taken up under the agreement.
About Bangladesh :
 President : Mohammad Abdul Hamid
 Prime Minister : Sheikh Hasina
 Capital : Dhaka
 Currency : Taka
About ISA :
 Founded : 30 November 2015
 Headquarters : Gurugram, Haryana, India
 Director General : Ajay Mathur
 The ISA is an alliance of 123 signatory countries.
Objective :
 To work for efficient consumption of solar energy to reduce dependence on fossil
fuels.

STATE NEWS
France's Guest of Honour at 31st edition of New Delhi World Book Fair

 The 31st edition of the New Delhi World Book Fair (NDWBF) is being organised
from 25th Feb, 2023 to 5th Mar, 2023 at Pragati Maidan, New Delhi, India.
 Education Minister Dharthe Mendra Pradhan has inaugurated the fair &
Publications Division, Ministry of Information and Broadcasting, is participating in
the event.
 The 9-day mega fair is being organised by National Book Trust (NBT), India, an
autonomous organization under the Ministry of Education, Government of India in

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collaboration with India Trade

Promotion Organisation (ITPO).
 France has been designated as the
Guest of Honor country at the
World Book Fair.
 Theme of the 'International Book Fair'
is "Elixir of Freedom", to celebrate and
remember 75 years of India and its
glorious past in honour of the 75th
anniversary of India's independence.
Key Highlights :
 The event will be attended by a total of 16 French authors, including Annie Ernaux,
the 2022 Nobel Prize in Literature winner - she marked her presence on the
inaugural day of the event.
 The physical edition of NDWBF is being held after 2 years as the outbreak of the
coronavirus forced the event to move online.
 NDWBF was first held in 1972 after it was inaugurated by the then-President of India
VV Giri.
About Ministry of Information & Broadcasting :
 Cabinet Minister : Anurag Thakur
 Minister of State : L. Murugan

Karnataka to get India's 1st Marina to promote coastal tourism

 Karnataka Chief Minister Shri

Basavaraj Bommai has confirmed the
construction of the India’s first Marina
which will be constructed at Byndoor in
the Udupi district, Karnataka
Aim :
 To promote coastal tourism in
Karnataka.
 He announced this while addressing a
function “Seven Wonders of Karnataka” organized by the Department of
Tourism.
Key Highlights :
 After seeking permission from the Union government for the relaxation of Coastal
Regulation Zone rules, it is proposed to take up beach tourism in coastal areas and
pilgrim tourism.
 Also, to promote 'yatra tourism' in the state, the government proposed to build a
corridor of ancient temples like Madhukeshwara in Banavasi and Dattatreya in
Ganagapura.

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 In total, there are over 250 tourist sites around Mysore.

About Karnataka :
 Governor: Thawar Chand Gehlot
 Chief minister: Basavaraj Bommai
 Capital: Bengaluru
 National Park : Bandipur NP, Kudremukh NP, Bannerghatta NP, Rajiv Gandhi NP
 Wildlife Sanctuaries : B R Hills Wildlife Sanctuary, Cauvery Wildlife Sanctuary, Gudavi
Bird Sanctuary, Bhadra Wildlife Sanctuary
 Tiger Reserve : Nagarahole Tiger Reserve, Bhadra Tiger Reserve
 Festival : Hampi, Mahamastakabhisheka (Shravanabelagola)
 Dance : Yakshagana, Dollu Kunitha, Bolak-aat (Bolak Dance)

BUSINESS NEWS
Amazon latest to join govt e-comm platform ONDC

 Amazon has announced that it will join

the Indian government’s ONDC (Open
Network for Digital Commerce) platform.
 Amazon is planning to integrate its
logistics network (from pickup to
delivery) and SmartCommerce services
with the Open Network for Digital
Commerce (ONDC).
 SmartCommerce is an AWS-powered suite
of SaaS products that enables MSMEs to
build and scale their businesses across
digital mediums.
 In 2022, Microsoft became the first big
technology company to join the network
with an intention of introducing group buying in the Indian market through social e-
commerce.
About ONDC:
 ONDC is an open e-commerce protocol set up by the Ministry of Commerce’s
Department of Promotion of Industry and Internal Trade (DPIIT).
 Under ONDC, it is envisaged that a buyer registered on one participating e-commerce
site may purchase goods from a seller on another participating e-commerce site (for
example, Flipkart).
 Presently, buyers and sellers have to be on the same app for a transaction which
happens through the same platform.

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FDI equity inflows decline 15% to $36.75 bn in Apr-Dec FY23

 Foreign direct investment (FDI) into
India declined by 15 per cent to USD
36.75 billion during the April-
December this fiscal, according to the
latest Department for Promotion of
Industry and Internal Trade data.
 The FDI inflows stood at USD 43.17
billion during the corresponding period
of the previous year.
 The total FDI inflows, which includes
equity inflows, re-invested earnings and
other capital, declined to USD 55.27
billion during the nine months of the
current fiscal year as against USD 60.4
billion in the year-ago period.
 During April-December 2022-23, Singapore emerged as the top investor with USD
13 billion FDI.
 It was followed by Mauritius (USD 4.7 billion), the US (about USD 5 billion), the
UAE (USD 3.1 billion), the Netherlands (USD 2.15 billion), Japan (USD 1.4
billion), and Cyprus (USD 1.15 billion), the data showed.
 The computer software and hardware sector attracted the highest inflows of
USD 8 billion during the nine-month period of this fiscal.
 It was followed by services (USD 6.6 billion), trading (USD 4.14 billion), chemicals
(USD 1.5 billion), automobile industry (USD 1.27 billion) and construction
(infrastructure) activities (USD 1.22 billion).
 Among states, Maharashtra ($10.7 billion) and Karnataka ($8.7 billion) attracted
maximum FDI inflow between April-December FY2023.
 Gujarat’s FDI inflow stood at $4.1 billion while Delhi attracted investment of $6.1
billion during the period.

What is FDI?
 A foreign direct investment is an investment in the form of a controlling ownership in a
business, in real estate or in productive assets such as factories in one country by an entity
based in another country.

AWARDS AND HONOUR

President Of India Presents Sangeet Natak Akademi Felllowships And Akademi Awards

 President DroupadiMurmu has presented the SangeetNatakAkademi awards

and fellowships for the years 2019, 2020 and 2021.
 On the occasion, eight eminent personalities were given SangeetNatakAkademi

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Fellowships in the field of performing arts

 A total of 128 artists from the field of music,
dance, theatre, traditional, folk, and puppetry
were given the Awards.
 The Akademi also honoured 86 artistes with
special one-time awards commemorating 75 years
of India’s Independence.
 The awards are given to the artists from the field
of Music, Dance, Theatre, Traditional/Folk/Tribal
Music/Dance/Theatre, Puppetry and Overall
contribution/scholarship in the Performing Arts
etc.
 The Akademi Awards carries purse money of Rs.
1.00 lakh, a Tamrapatra and an Angavastram.

MOUS AND AGREEMENT

,DRDO
BEL signs MoUs with Cisco, Aeronautical Development Agency
 Bharat Electronics Ltd (BEL) announced
signing Memorandums of Understanding
(MoU) with Cisco and the Aeronautical
Development Agency (ADA), DRDO.
 BEL and Cisco have entered into a long-term
strategic cooperation in the areas of
networking, collaboration, and security,
among other associate d services.
 According to the company, the partnership
aims to leverage the strengths and
capabilities of BEL and Cisco to capitalise
on opportunities emerging in the domains of network and security.
 Additionally, Cisco will explore the establishment of a Cisco Network Training
Academy at the BEL Academy for Excellence (Nalanda), Bengaluru.
 The MoU aims at leveraging the complementary strengths and capabilities of BEL and
ADA, wherein both parties will cooperate for the design, development, qualification,
production, and supply of the internal weapon bay computer and other LRUs for
AMCA and provide lifetime product support to the Indian Air Force.
 The Advanced Medium Combat Aircraft is a fifth generation, multi-role, all-weather
fighter aircraft designed with high survivability and stealth capability.
 Daisy Chittilapilly, President, Cisco India & SAARC.

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About BEL:
 Bharat Electronics Limited is an Indian Government-owned aerospace and defence
electronics company.
 It primarily manufactures advanced electronic products for ground and aerospace
applications.
 BEL is one of nine PSUs under the Ministry of Defence of India.
 Headquarters: Bengaluru
 Founded: 1954

Kerala Signs MoU with UN Women To Empower Women in Tourism

 Kerala entered into an agreement

with UN Women, boosting women-
friendly activities in the State’s
tourism sector by training
stakeholders who include young
representatives and civil
organisations.
 A memorandum of understanding
signed by Kerala Tourism
Director P.B. Nooh and UN Women India representative Susan Ferguson agreed
to work towards promoting gender-inclusive tourism sites in the State.
 The Responsible Tourism Mission will be the implementing agency for the MoU.
 As per the pact inked at the first-ever Global Responsible Tourism Summit in
Kumarakom, both parties will promote women-friendly tourism in Kerala.
 This will be done by creating modules and capacity-building of relevant stakeholders,
besides providing advisory support for baseline research, implementing women-
friendly tourist destinations and supporting interventions to change prevalent
discriminatory social norms.
 The MoU will strive to build synergies with other flagship programmes of the State
and help in rectifying social attitudes that are checking gender-inclusive public spaces
in tourism.
Mpower signs MoU with NIMHANS to support implementation of Tele MANAS in India
 Mpower, a mental health initiative from
the Aditya Birla Education Trust, is
collaborating with NIMHANS (National
Institute of Mental Health and Neuro-
Sciences) towards expanding the
implementation of Tele MANAS mental
health support services across India.
 A Memorandum of Understanding was

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signed between the two organisations, where-in Mpower will be responsible for
setting up, operating, and managing the Tele MANAS centres.
 NIMHANS will provide Mpower access to the platform, operating guidelines, training
and mentoring, monitoring and the framework needed to operate the centres.
 The collaboration aims to ensure the successful on-ground implementation of
Tele MANAS services, as well as accessibility and availability of trained experts and
professional mental health counselling services to those in need.
 Tele MANAS follows a two-tier model, with Tier-1 consisting of state Tele MANAS
cells that employ trained counsellors and mental health specialists.
 Tier-2 has specialists available at District Mental Health Programme (DMHP)/
Medical Colleges for physical consultation and/or e-Sanjeevani for audio-visual
consultation.
 A toll-free, 24/7 number (14416) has been established across the country,
allowing callers to select their preferred language and receive the necessary assistance.

IIT Madras partners with GIC to develop Urine-based TB diagnosis tech

 The IIT Madras is partnering with the

General Insurance Corporation of
India (GIC Re) to develop a urine-based
tuberculosis diagnosis or screening.
 The envisaged product is anticipated to be
faster and far more affordable than the
existing point-of-care diagnostic kits
available for various diseases such as blood
glucose monitors.
 The know-how and the relevant technologies will be made available to start-ups or
diagnostic kit manufacturers.
 The key beneficiaries of this project, which is getting CSR funding from the GIC Re,
will be primary, secondary, and tertiary healthcare centres besides the Health
departments in State and Central governments.
 IIT Madras has already developed and patented the technologies for fiber optic sensor
probe fabrication and optoelectronic readout devices.
About GIC Re:
 General Insurance Corporation of India Limited, abbreviated as GIC Re, is an Indian
public sector reinsurance company which has its registered office and headquarters in
Mumbai.
 It was incorporated on 22 November 1972 under Companies Act, 1956

Trade bodies sign MoU to foster Indo-Brazilian bilateral pulses trade

 The India Pulses and Grains Association (IPGA) and IBRAFE, Brazil, have signed
a MoU at the recently held sixth edition of the Pulses Conclave in Mumbai to

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establish co-operative actions to contribute to the food

security of both countries.
 IBRAFE is the Brazilian Institute of Beans, Pulses and Special
Crops.
 As part of the MoU, both countries will take steps to foster
the developme nt of international trade between India and
Brazil.
 The said MoU lays emphasis on market intelligence, food
security, quality standards, trade promotion, technology
transfer, incentive to investments, an IPGA statement said.
 IPGA and IBRAFE shall work towards promoting pigeon peas
(tur) and black matte (urad) and any other pulses crop of
mutual interest including research in pre-harvest and post-
harvest activities.

Tata Motors and Uber sign an MoU for 25k EV deliveries in India

 Tata Motors, India’s largest electric passenger

vehicle manufacturer, has signed an agreement
with ride-hailing company Uber to supply
25,000 electric vehicles (EVs).
 The agreement is the largest EV commitment
between an automotive manufacturer and a ride-
sharing platform in India.
 Under the agreement, Uber will deploy Tata
Motors’ XPRES-T EVs by partnering fleet
operators in Delhi National Capital Region,
Mumbai, Kolkata, Chennai, Hyderabad,
Bengaluru, and Ahmedabad.
 Uber has committed to 100 per cent of rides
taking place in zero-emission vehicles, on
public transit, or with micro-mobility by 2040.
 The announcement comes amid increasing
interest in the ride-hailing industry to convert its fleet into EVs.
 This is Tata Motors’ second such large deal with a ride-hailing company.
 Tata had signed an agreement with Gurugram-based all-electric cab company
BluSmart Mobility for delivering 10,000 XPRES-T EVs in June last year.
 Uber’s rival Ola Cabs also has plans to deploy about 1,000 cars as part of its Bengaluru
EV cab pilot.

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 The cars will be delivered in a phased manner, starting this month.

 However, the company did not respond to queries sent about the valuation of the deal
and the timeline.
 Tata Motors launched the XPRES brand in July 2021 exclusively for fleet customers,
and the XPRES-T EV as the first vehicle under this brand.
 The carmaker currently shares more than 70 per cent of overall electric four-wheeler
passenger cars in the country.
About TATA Motors:
 Tata Motors Limited is an Indian multinational automotive manufacturing company,
headquartered in Mumbai, India, which is part of the Tata Group.
 The company produces passenger cars, trucks, vans, coaches, buses.
 Founded: 1945, Mumbai
 Headquarters: Mumbai
 Founder: J. R. D. Tata
 President: Girish Wagh

About Uber:
 Headquarters: San Francisco, California, United States
 Founders: Travis Kalanick, Garrett Camp
 Founded: March 2009
 CEO: Dara Khosrowshahi

APPOINTMENTS & RESIGNATIONS

Mr Shailesh Pathak appointed as Secretary General of FICCI

 Former bureaucrat Mr Shailesh Pathak has been

appointed as the new Secretary General of the
Federation of Indian Chambers of Commerce &
Industry (FICCI) with effect from March 01, 2023.
 He Succeeds Mr Dilip Chenoy, who stepped down as
Secretary General of FICCI in Oct 2022.
 FICCI also announced that Mr Arun Chawla, Director
General (DG), will superannuate on June 30, 2023, and
transition to an advisory role.
About FICCI :
 Founded : 1927
 Headquarters: New Delhi, Delhi, India
 President: Mr Subhrakant Panda
 DG : Arun Chawla
 The FICCI is a non-governmental trade association and
advocacy group based in India.

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 Daily Current Affairs
2nd March 2023

Pepsi appoints Ranveer Singh as new brand ambassador

 Beverage maker PepsiCo has appointed Bollywood
actor Ranveer Singh as its brand ambassador.
 Also the company unveiled a new campaign with the
tagline Rise Up Bsaby , targeting younger consumers
as it gears up for a prolonged summer that could help
lift sales of cold drinks.
 Singh joins Pepsi's growing league of celebrity
endorsers.
 In 2019, the brand roped in actor Salman Khan.
 In recent times, the Pepsi brand also declared KGF-
fame Actor Yash to be screened as the brand’s leading
face.

DEFENCE NEWS
Indian Air Force to participate in multinational exercise Cobra Warrior in UK

 Indian Air Force (IAF) will take part in

multinational exercise Cobra Warrior at the
Waddington Air Force Base of the Royal Air
Force in the United Kingdom (UK).
 The exercise is scheduled from 6th of March to
24th of March, 2023.
Participants :
 An IAF contingent consisting of 145 airmen
departed from Jamnagar Air Force Station to
participate in Exercise Cobra Warrior.
 Five Mirage 2000 fighter aircraft, two C-17 Globemaster and one IL-78 mid-air
refueler aircraft of the Indian Air Force, will participate in the exercise.
Objective :
 To engage in diverse activities of different fighter aircraft and learn from the best
practices of different air forces.
About Exercise Cobra Warrior :
 Exercise Cobra Warrior is a multilateral air military exercise in which the air forces
of Finland, Sweden, South Africa, the United States and Singapore are also

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 Daily Current Affairs
2nd March 2023

participating along with the Royal Air Force and the IAF.
 Meanwhile, the IAF informed that the indigenous Light Combat Aircraft (LCA)
Tejas will make its debut in a multilateral ‘Exercise Desert Flag’ in the United Arab
Emirates.
 The IAF will take part in the exercise with its 5 LCAs and 2 C-17 Globemaster III
aircraft
 The exercise is scheduled to begin from February 27 and will continue till March 17,
2023
 Air forces from the UAE, France, Kuwait, Australia, the UK, Bahrain, Morocco, Spain,
the Republic of Korea, and the US would be participating in the exercise.
About IAF :
 Established : 1932
 Headquarters : New Delhi, Delhi, India
 Chief of the Air Staff : Air Chief Marshal Vivek Ram Chaudhari
 Motto : Touch the sky with Glory
About MoD :
 Defence Minister : Rajnath Singh
 Minister of State : Ajay Bhatt
 Defence Secretary : Giridhar Aramane

IAF Airlift arranges 3 sorties to airlift stranded passengers from Jammu to Leh and
Chandigarh to Thoise in Nubra

 Under the Operation Sadbhavna

Programme, Indian Air Force (IAF)
has arranged 3 flights to evacuate
stranded passengers from Jammu
to Leh and Chandigarh to Thoise in
Nubra.
Key Highlights :
 A total of 393 passengers in two sorties were airlifted from Jammu to Leh.
 Similarly, in another sortie, 221 passengers were airlifted from Chandigarh to Nobra.
 The IAF used its IL-76 aircraft for this operation.
 Since air fare has risen up to 70 thousand rupees, the new Lieutenant Governor
Brigadier Dr. BD Mishra came to the rescue by arranging the aircraft in collaboration
with the IAF.
 With all routes to Ladakh closed due to snowfall, flights are the only means of
movement for all from Leh to other parts of the country, with 4 routes of flight
operations via Delhi, Chandigarh, Jammu and Srinagar.
Other Operation Programme :
 Operation Ganga - In 2022, the operation was launched to bring back Indian citizens
and students from Ukraine during the Russia-Ukraine conflict.

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2nd March 2023

 Operation Dost - In 2023, India sent a plane of relief supply, equipment and
personnel to the earthquake affected Turkey through this operation.

SCIENCE & TECHNOLOGY

Roscosmos launches Soyuz spacecraft to bring back 3 astronauts stranded on ISS

 Russian space agency Roscosmos has

successfully launched the Soyuz MS-23
spacecraft to bring back 3 astronauts
stranded on the International Space
Station (ISS) following a leak in the
cooling system in their Soyuz capsule.
 The unmanned Soyuz MS-23 lifted off from
Baikonur space centre in Kazakhstan and
had been placed in orbit.
Key Highlights :
 Russian cosmonauts Sergey Prokopyev and Dmitry Petelin and U.S. astronaut
Francisco Rubio had been due to end their mission in March.
 According to the Russian space agency Roscosmos, all 3 Soyuz will return to Earth on
the MS-23 vehicle in September, 2023.
 The 3 astronauts reached the ISS in Sep, 2022 and their mission was supposed to last
for 6 months but it was prolonged because their return vehicle started leaking coolant
in December, 2022.
 The leak on the MS-22 spacecraft was caused by a small piece of a micrometeoroid
hitting the capsule.
 430 kilograms of cargo was sent aboard the replacement craft, including medical
equipment, scientific instruments, water, food, and cleaning supplies.
About Roscosmos :
 Established : 25 February 1992
 Headquarters : Moscow, Russia
 Director General : Yury Borisov
 It is a state corporation of the Russian Federation responsible for space flights,
cosmonautics programs, and aerospace research.
About ISS :
 The ISS is the largest modular space station in low Earth orbit.
 The project involves 5 space agencies: the United States' NASA, Russia's Roscosmos,
Japan's JAXA, Europe's ESA, and Canada's CSA.

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 Daily Current Affairs
2nd March 2023

Daily CA One- Liner: Mar 2

 The Food Safety and Standards Authority of India (FSSAI) has specified a
comprehensive group standard for millets
 As per the response from the Election Commission (EC) through RTI has
disclosed that over 60% of India’s 94.5 crore voters in India have linked their
Aadhaar number to their voter IDs
 Amazon has announced that it will join the Indian government’s ONDC (Open
Network for Digital Commerce) platform
 Foreign direct investment (FDI) into India declined by 15 per cent to USD 36.75
billion during the April-December this fiscal, according to the latest Department
for Promotion of Industry and Internal Trade data
 President DroupadiMurmu has presented the SangeetNatakAkademi awards
and fellowships for the years 2019, 2020 and 2021
 Bharat Electronics Ltd (BEL) announced signing Memorandums of Understanding
(MoU) with Cisco and the Aeronautical Development Agency (ADA), DRDO
 Kerala entered into an agreement with UN Women, boosting women-friendly
activities in the State’s tourism sector by training stakeholders who include
young representatives and civil organisations
 Mpower, a mental health initiative from the Aditya Birla Education Trust, is
collaborating with NIMHANS (National Institute of Mental Health and Neuro-
Sciences) towards expanding the implementation of Tele MANAS mental health
support services across India
 The IIT Madras is partnering with the General Insurance Corporation of India
(GIC Re) to develop a urine-based tuberculosis diagnosis or screening
 The India Pulses and Grains Association (IPGA) and IBRAFE, Brazil, have signed
a MoU at the recently held sixth edition of the Pulses Conclave in Mumbai to
establish co-operative actions to contribute to the food security of both
countries
 Tata Motors, India’s largest electric passenger vehicle manufacturer, has signed an
agreement with ride-hailing company Uber to supply 25,000 electric vehicles
(EVs)

 The Pension Fund Regulatory Development Authority (PFRDA) has reduced the
timeline for withdrawal from the National Pension System (NPS) subscribers for
processing partial withdrawal requests from 4 working days (T+4) to 2 working days
(T+2) across all Central Record Keeping Agencies (CRAs).
 IDFC Mutual Fund (MF) is set to launch India's first international debt fund, the
IDFC US Treasury Bond 0-1 Year FOF (fund of funds).
 The Bank of Maharashtra (BoM) announced a strategic partnership with
Experian India, In order to strengthen the digital security of the services.

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2nd March 2023

 RBL Bank and Export-Import Bank of India (India Exim Bank), have entered into
an agreement under the Trade Assistance Programme (TAP), to support cross-
border trade transactions.
 Life Insurance Corporation of India (LIC) has diluted its shareholding in
‘Industrial Investment Trust Limited’(IITL) from 12,25,017 to 7,57,966 Equity
Shares decreasing its shareholding from 5.433% to 3.362% of the paid-up capital.
 The government of Bangladesh signed an agreement with the International Solar
Alliance (ISA) to increase the use of solar energy in Bangladesh.
 The 31st edition of the New Delhi World Book Fair (NDWBF) is being organised
from 25th Feb, 2023 to 5th Mar, 2023 at Pragati Maidan, New Delhi, India.
 Karnataka Chief Minister Shri Basavaraj Bommai has confirmed the construction of
the India’s first Marina which will be constructed at Byndoor in the Udupi district,
Karnataka
 Former bureaucrat Mr Shailesh Pathak has been appointed as the new Secretary
General of the Federation of Indian Chambers of Commerce & Industry (FICCI)
with effect from March 01, 2023.
 Beverage maker PepsiCo has appointed Bollywood actor Ranveer Singh as its
brand ambassador.
 Indian Air Force (IAF) will take part in multinational exercise Cobra Warrior at
the Waddington Air Force Base of the Royal Air Force in the United Kingdom
(UK).
 Under the Operation Sadbhavna Programme, Indian Air Force (IAF) has arranged
3 flights to evacuate stranded passengers from Jammu to Leh and Chandigarh to
Thoise in Nubra.
 Russian space agency Roscosmos has successfully launched the Soyuz MS-23
spacecraft to bring back 3 astronauts stranded on the International Space Station
(ISS) following a leak in the cooling system in their Soyuz capsule.

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