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23rd March Current Affairs – Top News of the Day

Today’s Current Affairs

23rd 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 23rd 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 23rd March 2023 covering the following news headlines: Statue of Knowledge, Global Hub for Green Ship, Mission Lifestyle for Environment, QS Rankings, Paralympic Committee of India.

National News

1. Govt approves installation of ‘Statue of Knowledge’ dedicated to Ambedkar

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On April 13, a 70-feet tall statue of Dr. Babasaheb Ambedkar will be unveiled in Latur city, Maharashtra. The unveiling ceremony will take place in the presence of Union ministers Kiren Rijiju and Ramdas Athawale, along with other dignitaries such as former Maharashtra chief minister Devendra Fadnavis and state minister Sanjay Bansode. The statue has been erected in Dr. Babasaheb Ambedkar Park and the ceremony will be held a day before his 131st birth anniversary. The statue will be showered with flower petals from a helicopter on April 14 to commemorate the occasion.

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2. PM Modi inaugurates new ITU Area Office and Innovation Center in New Delhi

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On March 22, the Prime Minister of India, Narendra Modi, inaugurated the International Telecommunication Union (ITU) Area Office and Innovation Centre in the country. At an event held in New Delhi, he also launched the Bharat 6G Vision Document, as well as the 6G Research and Development Test Bed and the Call Before U dig App. ITU, a specialized agency of the United Nations for information and communication technologies, has its headquarters in Geneva and operates a vast network of regional, field, and area offices.

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3. India aims at becoming ‘Global Hub for Green Ship’ building by 2030

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India is aiming to become a leader in the global shipbuilding industry by launching the Green Tug Transition Programme (GTTP) and setting a goal of becoming a ‘Global Hub for Green Ship’ building by 2030. The GTTP will start with the production of Green Hybrid Tugs, which will run on Green Hybrid Propulsion systems, and eventually switch to alternative fuel sources like Methanol, Ammonia, and Hydrogen. Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Shri Sarbananda SonowaI has inauguarted the National Centre of Excellence in Green Port & Shipping (NCoEGPS) set-up in Gurugram, Haryana, and the Green Tugs will begin operating in major ports by 2025. By 2030, it is expected that 50% of all Tugs will be converted into Green Tugs, resulting in a significant reduction in emissions and contributing to the country’s sustainable development goals.

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State News

4. Himanta Biswa Sarma launches Mission Lifestyle for Environment(LiFE) in Assam

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Chief Minister of Assam, Himanta Biswa Sarma, inaugurated the ‘Mission Lifestyle for Environment’ (LiFE) in the state, which is a global mass movement led by Prime Minister Narendra Modi. Sarma stated that the initiative aims to encourage an environmentally conscious lifestyle, with a focus on utilizing resources rather than engaging in wasteful consumption. As part of the Mission Lifestyle for Environment (LiFE) initiative, various week-long activities will be conducted across all districts in Assam. These activities will target seven identified categories, including energy and water conservation, reducing plastic and e-waste, and promoting healthy lifestyles, according to Sarma.

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Agreements News

5. L&T signs agreement with France-based McPhy for electrolyzer manufacturing

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Larsen & Toubro (L&T), an Indian multinational that specializes in EPC projects, hi-tech manufacturing, and services, has signed a binding agreement with McPhy Energy, a leading electrolyzer technology and manufacturing company based in France. The agreement establishes a long-term partnership between the two companies to explore opportunities in the emerging green hydrogen market. Specifically, L&T and McPhy Energy will collaborate on electrolyzer manufacturing, which is a key technology for the production of green hydrogen.

Important takeaways for all competitive exams:

  • Larsen & Toubro (L&T) CEO: S N Subrahmanyan (Jul 2017–);
  • Larsen & Toubro (L&T) Founded: 7 February 1946, Mumbai;
  • Larsen & Toubro (L&T) Headquarters: Mumbai.

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Banking News

6. RBI’s Data Centre And Cybersecurity Training Institute To Come Up In Bhubaneswar

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The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, initiated the establishment of a “Greenfield Data Centre” and an “Enterprise Computing & Cybersecurity Training Institute” in Bhubaneswar, Odisha, during a foundation stone laying ceremony. The new Data Centre and Training Institute, which will cover an area of 18.55 acres, will be able to address the emerging needs of the RBI and the financial sector, according to a statement by the central bank.

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Ranks and Reports News

7. QS Rankings: IIT-Delhi enters list of top 50 institutions for engineering

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The Indian Institute of Technology-Delhi has been ranked among the top 50 engineering institutions in the QS World University Rankings by Subject 2023. Additionally, this year, a total of 44 programmes offered by Indian higher education institutions in various disciplines have been ranked in the top 100 globally. This represents an increase from last year’s report, which saw 35 Indian programmes listed in the top 100.

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8. Hurun Global Rich List: India ranks third in terms of self-made billionaires

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According to the 2023 M3M Hurun Global Rich List, India is ranked third in terms of the number of billionaires. However, China has almost five times more billionaires than India. The list shows that India has 105 self-made billionaires, ranking third in this category. The combined wealth of these billionaires is $381 billion, according to the Hurun list. India’s proportion of the world’s billionaires has been consistently rising over the past five years, and it now accounts for 8% of the total global billionaire population, compared to 4.9% five years ago. Among these billionaires, 57% are self-made.

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9. World’s Top 10 Billionaires list released by Hurun research platform

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According to the recently released Hurun Global Rich List, Mukesh Ambani, the Chairman of Reliance Industries and the richest man in Asia, is the only Indian to be ranked among the top 10 billionaires in the world. Despite experiencing a 20 percent decline in his wealth, Ambani still managed to secure the ninth position globally, with a net worth of $82 billion. The report, which was compiled by research platform Hurun in collaboration with real estate group M3M, is titled ‘The 2023 M3M Hurun Global Rich List’.

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Sports News

10. IPL India’s first unicorn with a $1.1 billion valuation: D&P report

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D&P Advisory has analyzed the Indian Premier League (IPL) and reported that the cricket tournament was India’s first unicorn, with a valuation of $1.1 billion in 2008, the year it was launched. The advisory had previously announced that IPL had become a decacorn (valued at $10.9 billion) recently. D&P Advisory is now preparing to publish a new analysis called “IPL: The Pioneer of Indian Unicorns.”

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11. Paralympic Committee of India signs MoU with Makers Hive and Vilay Sports

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Makers Hive and Vilay Sports have signed a Memorandum of Understanding (MOU) with the Paralympic Committee of India (PCI), which was witnessed by Dr Deepa Malik, the current president of PCI, para-athlete Shri Devendra Jhajharia, and others. The MOU signing marks a significant collaboration between the three organizations.

Vilay Sports is a sports management company that aims to establish and maintain partnerships across various sports domains. The company provides comprehensive services and advanced solutions to its clients to facilitate their achievements. Vilay Sports is excited to collaborate with Makers Hive, an inventive assistive technology firm in India, and the Paralympic Committee of India (PCI), which is the country’s official governing body for parasports, to establish a sustainable lifestyle for individuals with disabilities.

Important takeaways for all competitive exams:

  • Paralympic Committee of India Founded: 7 August 1994;
  • Paralympic Committee of India President: Deepa Malik.

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12. Stadium named after hockey star Rani Rampal, first woman to get this honour

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Rani Rampal, a prominent player on the Indian hockey team, has achieved a significant milestone as the first woman in the sport to have a stadium named after her. The MCF Rae Bareli has renamed the hockey stadium to ‘Rani’s Girls Hockey Turf’ in her honor. Earlier this year, Rani Rampal made a successful comeback to the Indian hockey team during the tour of South Africa, where she was selected as one of the 22 players in the squad.

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13. Sergio Pérez wins Saudi Arabia Grand Prix 2023

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At the Saudi Arabia Grand Prix of the 2023 Formula One season, Sergio Perez displayed a dominant performance and earned his first win. His teammate at Red Bull, Max Verstappen, secured the second position after starting from the 15th spot. Although Verstappen retained his lead in the championship standings with his fastest lap, Fernando Alonso was the focus of the battle for the final podium spot, finishing in third place.

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Science and Tech News

14. Adobe launches generative ‘Sensei GenAI’ to transform customer experiences

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During the ‘Adobe Summit’, software giant Adobe unveiled new generative AI advancements in its Experience Cloud that seek to revolutionize the way companies provide customer experiences. Adobe customers can effortlessly switch between Sensei GenAI services and current features within their workflows while using Adobe Experience Cloud, according to the company’s statement. Adobe’s Sensei GenAI will serve as a valuable assistant to marketers and other customer experience teams, enhancing their productivity without requiring additional workloads.

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15. Microsoft introduces ‘Bing Image Creator’ powered by OpenAI’s DALL-E

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In the latest preview of Bing and Edge, Microsoft has added a new functionality called ‘Bing Image Creator’, which enables users to generate an image based on their written description by utilizing an enhanced version of Open AI’s DALL-E model. Microsoft has announced the deployment of Bing Image Creator to Bing preview users via Bing chat, as well as the availability of the feature in Microsoft Edge for both desktop and mobile users worldwide in English.

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Important Days

16. World Meteorological Day 2023 observed on 23rd March

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Every year on March 23, World Meteorological Day is celebrated to mark the official formation of the World Meteorological Organisation (WMO) in 1950. The day recognizes the crucial role of the National Meteorological and Hydrological Services (NMHS) in ensuring the safety and welfare of society. The theme for World Meteorological Day 2023 is “What is the theme of World Meteorological Day 2023?”. The theme emphasizes the need to address the challenges posed by climate change and to develop strategies to ensure sustainable water and weather-related practices for future generations.

Important takeaways for all competitive exams:

  • World Meteorological Organisation Founded: 23 March 1950;
  • World Meteorological Organisation Headquarters: Geneva, Switzerland;
  • World Meteorological Organisation President: Gerhard Adrian.

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17. Shaheed Diwas or Martyrs’ Day 2023 Observed On 23rd March

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Shaheed Diwas or Martyrs’ Day is observed in India on 23rd March every year to pay homage to the martyrs who sacrificed their lives for the freedom of India. This day marks the anniversary of the execution of three Indian freedom fighters- Bhagat Singh, Sukhdev Thapar and Shivaram Rajguru in 1931. On this day, people in India observe a two-minute silence to remember the sacrifice of these three great freedom fighters and all the other martyrs who laid down their lives for the nation.

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