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01st March Current Affairs – Top News of the Day

Today’s Current Affairs

01st March 2023 Current Affairs are incorporated with the important news that made the current affairs headlines for banking, UPSC or other competitive exams. Daily Current Affairs is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the Top News of the Day for 01st March 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 01st March 2023 covering the following news headlines: Press Information Bureau, Moody’s, Naatu Naatu, Carabao Cup title 2023, Zero Discrimination Day, World Seagrass Day, World Civil Defence Day. 

International News

1. Uranium particles enriched to 83.7 per cent found in Iran: UN report

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Inspectors from the United Nations nuclear watchdog found uranium particles enriched up to 83.7% in Iran’s underground Fordo nuclear site. The confidential quarterly report by the Vienna-based International Atomic Energy Agency distributed to member states likely will raise tensions further between Iran and the West over its nuclear program.

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2. Australia’s Deakin University to set up campus in GIFT city

Deakin University of Australia to set up campus in GIFT city

The first foreign university to establish a campus in India will be Deakin University of Australia. The autonomous campus will be built in Gujarat International Financial Tec-City (GIFT) City. While visiting Ahmedabad, Australian Prime Minister Anthony Norman Albanese is anticipated to make the official announcement.

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Appointments News

3. Vishal Sharma appointed as Godrej industries CEO-designate of its chemicals business 

Vishal Sharma appointed as Godrej industries CEO-designate

Vishal Sharma has been named the Chief Executive Officer-Designate (CEO-Designate) of the GIL-Chemicals Business, effective as of March 1, 2023, according to a statement from Godrej Industries Ltd. Nitin Nabar, Executive Director and President (Chemicals), Godrej Industries Limited, would be Vishal’s reporting authority, according to the company’s announcement.

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4. Rajesh Malhotra named principal director general of PIB 

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Senior Indian Information Service (IIS) officer, Rajesh Malhotra has been appointed as the principal director general of the Press Information Bureau (PIB), according to the Ministry of Information & Broadcasting. He will be the principal spokesperson of the government of India. He will replace Satyendra Prakash, who took charge as principal DG of PIB in August 2022.

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Economy News

5. Moody’s expects India to report real GDP growth of 5.5 percent in 2023 

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Moody’s now expects India’s real GDP growth to be 5.5% in 2023, up from the earlier projection of 5%, and to be 6.5% in 2024. The upward revisions for India also incorporate a significant increase in capital expenditure budget allocation to ₹10 lakh crore (3.3% of GDP) for fiscal year 2023-24, up from ₹7.5 lakh crore for the fiscal year ending in March 2023.

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6. India’s GDP growth slows to 4.4% in October-December quarter

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India’s gross domestic product (GDP) growth rate fell for the second straight quarter in the October-December period, coming in at 4.4 percent, the Ministry of Statistics and Programme Implementation said. At 4.4 percent, the latest quarterly growth number is lower than the 6.3 percent growth that was recorded in the second quarter of 2022-23, which itself was less than half the 13.2 percent increase posted in April-June 2022 as the GDP growth rate benefitted from a low base in the early part of the year. India is poised to achieve 7 percent GDP growth in 2022-23 despite global slowdown.

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7. India’s UPI likely to extend to UAE, Mauritius, Indonesia

UPI likely to extend to UAE, Mauritius, Indonesia

India’s Unified Payments Interface (UPI) is shortly to be connected to comparable networks in Indonesia, Mauritius, and the United Arab Emirates (UAE). This occurs a week after Singapore’s PayNow launched cross-border connection for real-time digital payments.

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8. India’s manufacturing PMI slips to 4-month low of 55.3 in February

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India’s purchasing managers’ index (PMI) declined to a 4-month low at 55.3 in February owing to a rise in input costs, according to the S&P Global India Manufacturing PMI report. In January, the manufacturing PMI stood at 55.4. The headline figure, however, remained above its long-run average of 53.7. A reading above 50 indicates an overall increase in output compared to the previous month.

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Business News

9. Vistara Brand To Be Discontinued With Air India Merger

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Air India, owned by the Tata group, will discontinue the Vistara brand on completion of its merger with Tata SIA Airlines Ltd, the operator of Vistara airline, chief executive and managing director Campbell Wilson said. Tata Group owns a 51 per cent stake and Singapore Airlines the rest in Vistara.

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10. Singapore Airlines receives 25.1% stake in Air India group after investing $267 mn

Singapore Airlines receives 25.1% stake in Air India group

Singapore Airlines will give Air India an additional SGD 360 million (USD 267 million). With its acquisition by Tata and merger with Vistara Airlines, it will give SIA a 25.1% interest in the firm. Through this deal, SIA will strengthen its relationship with Tata and gain an instant strategic position in a company that is four to five times bigger than Vistara in terms of size.

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 Banking News

11. Bank credit growth slowed to 16.8% in third quarter: RBI

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Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. This compares with 17.2% seen in the previous quarter, according to the quarterly statistics on bank deposits and credit, released by the Reserve Bank of India. A year earlier, credit growth was 8.4%.

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Schemes News

12. MoS IT launches Grievance Appellate Committee to ensure safe internet

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IT Minister Rajeev Chandrasekhar launched a grievance appellate panel mechanism, that will look into appeals by users against decisions of social media platforms. The announcement came in the presence of representatives of Big Tech internet companies like Meta, Snap, Google and others. The digital platform, Grievance Appellate Committee (GAC), is a powerful tool for ensuring accountability of platforms to their users, Chandrasekhar, who is the minister of state for IT.

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Awards News

13. ‘Naatu Naatu’ song from ‘RRR’ to be performed at the Oscars 2023 ceremony

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SS Rajamouli’s ‘RRR’ movie, the popular song ‘Naatu Naatu’ which is nominated in the ‘Best Original Song’ category will be performed at the 95th Academy Awards or Oscar awards by singers Rahul Sipligunj and Kaala Bhairava in their Oscar debut. The song’s music is composed by M.M. Keeravaani, while its lyrics are written by Chandrabose.

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Ranks and Reports News

14. Elon Musk reclaims to the top, becomes richest person on the planet again

Elon Musk reclaims to the top, becomes richest person

Elon Musk, CEO of Tesla, once again overtook the position of richest person in the world on February 28, according to a Bloomberg Billionaires Index report. The second-placed French business tycoon Bernard Arnault has a net worth of $185 billion, trailing Tesla CEO Elon Musk by $187 billion.

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Sports News

15. Manchester United won the Carabao Cup title 2023

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Manchester United ended their 6-year trophy drought when they defeated Newcastle United 2-0 to win the Carabao Cup in Wembley. The final battle was fought between Manchester United and Newcastle. Manchester United is winning the trophy after six years. Newcastle is a Saudi Arabia-backed club.

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Science and Technology News

16. Isro successfully tests cryogenic engine of its rocket for the moon mission

ISRO successfully tests cryogenic engine for moon mission

The CE-20 cryogenic engine, which will power the nation’s rocket for the third moon mission, Chandrayaan-3, had a flight acceptance hot test that was successfully completed, according to the Indian Space Research Organisation (ISRO). The LVM3-M4 rocket’s cryogenic upper stage will be powered by the CE-20 cryogenic engine, according to the space agency. On February 24, a 25-second hot test was performed at the ISRO Propulsion Complex in Mahendragiri, Tamil Nadu.

Important Takeaways For All Competitive Exams:

● ISRO Chairman: S. Somanath
● ISRO First Chairman: Vikram Sarabhai
● ISRO Foundation Year: 15 August 1969

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Important Days

17. Zero Discrimination Day 2023 observed on 1st March

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On Zero Discrimination Day, 1 March, we celebrate the right of everyone to live a full and productive life and live it with dignity. Zero Discrimination Day highlights how people can become informed about and promote inclusion, compassion, peace and, above all, a movement for change. Zero Discrimination Day is helping to create a global movement of solidarity to end all forms of discrimination. On Zero Discrimination Day this year, under the theme “Save lives: Decriminalise”.

Important takeaways for all competitive exams:

  • UNAIDS Headquarters: Geneva, Switzerland;
  • UNAIDS Founded: 26 July 1994;
  • UNAIDS Founder: Peter Piot;
  • UNAIDS Executive director: Winnie Byanyima.

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18. World Seagrass Day 2023 observed on 1st March

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World Seagrass Day is celebrated annually on 1st March  to raise awareness about seagrass and its important functions in the marine ecosystem. The seagrasses are grass-like plants that live close to the sea. They are the only flowering plant to grow in the marine environment. There are more than 60 seagrass species in the world. They act as the best carbon sink and provide food for marine life.

Important takeaways for all competitive exams:

  • IUCN Headquarters: Gland, Switzerland;
  • IUCN Founded: 5 October 1948, Fontainebleau, France;
  • IUCN Founder: Julian Huxley;
  • IUCN CEO: Bruno Oberle (13 Jul 2020–);
  • IUCN Motto: United for Life and Livelihoods;
  • IUCN President: Razan Al Mubarak.

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19. World Civil Defence Day 2023 celebrated on 01st March

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World Civil Defence Day is observed on 1st March to raise awareness about the importance of civil defence measures in protecting people and their property from natural disasters, accidents, and other emergencies. The day honours the work of several civil defence organisations. The day also recognises the efforts put in by the organisations in protecting communities and saving lives. The day also recognises the contribution of civil defence personnel, who work tirelessly to ensure the safety and well-being of their communities.

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Miscellaneous News

20. 10 yrs post-retirement, a life-size statue of Sachin Tendulkar at Wankhede

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A decade after his retirement, there is news about plans to install a life-size statue of Sachin Tendulkar inside the iconic Wankhede stadium where he played his last game for India. The statue will be unveiled on April 23. It will be the legend’s 50th birthday. There is speculation that if everything does not work out well, the inauguration of the statue may be delayed until the 50-over World Cup planned later this year.

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