10th July 2023 Current Affairs and News Headlines (Daily GK Update)

Here are the GK updates and new headlines for 10 July 2023 to help you prepare the Current Affairs 2023 for all banking exams. The Current Affairs of 10th July 2023 covers the news headlines on Potato Imports From Bhutan, World Population Day, British Grand Prix 2023, Third World Hindu Conference, ‘Euclid Space Telescope’

Top 15 Current Affairs and News Headlines of 10th July 2023

National News

1.India Permits Potato Imports From Bhutan Till June 2024

• The DGFT (Directorate General of Foreign Trade) has issued a notification declaring that the import of potatoes from Bhutan will continue without the need for an import license until June 30, 2024.
• This decision aims to maintain a steady supply of potatoes while fostering bilateral trade relations between the two countries.
• Additionally, the DGFT has also facilitated the import of fresh areca nut from Bhutan and outlined a procedure for the allocation of quota for the export of broken rice.

Economy News

2.India FDI Inflow in FY 2023: Latest Data Analysis on Investment Landscape

• India remains a bright spot in the world economy despite a decrease in FDI due to global headwinds.
• India received its highest-ever FDI inflow of US$83.57 billion in the fiscal year 2021-2022.
• India’s growth factors include a large labor market, enabling policies, and an expanding digital economy.

Banking News

3.Reserve Bank Holds 33rd Conference Of State Finance Secretaries

• The 33rd Conference of the State Finance Secretaries was held in Mumbai on July 6, 2023. The conference, inaugurated by the Governor of the Reserve Bank of India (RBI), focused on the theme of ‘Debt Sustainability: States’ Perspective.’
• The event was attended by Finance Secretaries from 23 states, one Union Territory, officials from the Ministry of Finance, Government of India, Controller General of Accounts, and the Comptroller and Auditor General of India.

Business News

4.Sadbhavana Trust’s FCRA Licence Cancelled by Union Government

• The Union government has cancelled the Foreign Contribution Registration Act (FCRA) licence of the Sadbhavana Trust, a Delhi-based non-governmental organisation (NGO) that has been actively working to empower Dalit and Muslim women.
• This cancellation prohibits the trust from receiving or utilizing foreign grants. One of the cited violations of the FCRA is the trust’s failure to open an FCRA bank account in the designated State Bank of India in New Delhi, according to officials.

Important Days News

5.World Population Day 2023: Date, Theme, Significance and History

• World Population Day is commemorated annually on July 11th to raise awareness and educate individuals about the challenges and consequences associated with global population growth.
• It serves as a reminder to continuously work towards addressing these issues and improving the lives of everyone on the planet.
• The observance of World Population Day aims to promote understanding and encourage collective efforts in tackling the impacts of population growth.

Appointments News

6.Neeraja Prabhakar became the chairman of the RAC of ICAR

• B.Neeraja Prabhakar has been appointed as the Chairperson of the Research Advisory Committee (RAC) for the ICAR-Indian Institute of Oil Palm Research (IIOPR) located in Pedavegi, Andhra Pradesh.
• This significant appointment, effective from June 13, will see Ms. Prabhakar leading a ten-member committee for a three-year term.
• With her extensive experience and expertise in the field, Ms. Prabhakar’s appointment is expected to contribute to the growth and development of the oil palm industry in India.

7.Telecom Secretary K Rajaraman Appointed as New IFSCA Chairman by Centre

• Telecom Secretary K Rajaraman has been selected by the government as the new chairperson of the International Financial Services Centres Authority (IFSCA).
• Rajaraman will take over from Injeti Srinivas, who served as the inaugural chairperson since 2020.
• According to a gazette notification, Rajaraman’s appointment is valid for three years starting from the date he assumes charge, or until he reaches the age of 65, or until further orders are issued, whichever occurs earlier.

Summits and Conferences News

8.Third World Hindu Conference to be organized in Bangkok

• The World Hindu Foundation has announced that the third World Hindu Congress (WHC) will be held in Bangkok in November 2023.
• The three-day event, known as Vishwa Hindu Sammelan, will take place at the Convention Center in Bangkok.
• With the theme “Jayasya Aayatnam Dharmah” meaning “Dharma, the Abode of Victory,” the conference will focus on exploring opportunities and addressing challenges faced by the global Hindu community.

9.Urban 20 (U20) Mayoral Summit concludes

• The two-day Urban 20 Mayoral Summit, hosted by the chair city Ahmedabad, in Gandhinagar from 7-8 July, concluded with the handover of the Communiqué from the Mayors to G20 leaders.
• The Communique was officially endorsed by 105 cities across the world, the highest ever number of endorsements received to date for any U20 Communiqué, and more than twice the number of endorsements for any previous communiqués.

Science and Technology News

10.ISRO to transfer SSLV to private sector

• The Indian Space Research Organization (ISRO) is going to transfer its Small Satellite Launch Vehicle (SSLV) to the private sector after conducting two development flights of the rocket that seeks to provide on-demand services to put satellites weighing up to 500kg in a low-earth orbit.
• The commercial satellite launch services sector in India is projected to contribute $13 billion to the economy by 2025, with the SSLV transfer expected to accelerate its growth.

11.ESA launches ‘Euclid Space Telescope’ to review solar system bodies

• The European Space Agency (ESA) has recently launched the Euclid Space Telescope, a specially designed instrument aimed at revolutionizing our understanding of the universe.
• This state-of-the-art telescope will enable scientists to create a detailed three-dimensional map of billions of galaxies spread across a vast area of 10 billion light-years.
• With its advanced capabilities, the Euclid Telescope is expected to shed light on the mysteries of dark matter, dark energy, and the expansion of the universe. Moreover, it will also contribute to various fields such as human resources, global health, climate change, and oceans.

Ranks & Reports News

12.Ministry of Education Releases Report on Performance Grading Index 2.0 for States/UTs for the Year 2021-22

• The Indian Education System is one of the largest globally, with millions of schools, teachers, and students from diverse backgrounds.
• The Ministry of Education has devised the Performance Grading Index (PGI) to assess the performance of the school education system at the state/UT level.
• The PGI provides a comprehensive analysis and creates an index for evaluating the education system.

13.WMO Revives Ozone-UV Bulletin After 7 Years, Shows Steady Recovery of Ozone Layer

• The World Meteorological Organization (WMO) has published an updated bulletin on the ozone layer, signaling promising signs of recovery.
• After a seven-year hiatus, the WMO-Global Atmosphere Watch bulletin has returned to provide the latest information on stratospheric ozone and ultraviolet radiation worldwide.
• The recovery of the ozone layer is crucial for safeguarding life on Earth from harmful UV radiation and ensuring the health of ecosystems.

Sports News

14.Max Verstappen Claims Victory at British Grand Prix 2023

• Max Verstappen reeled off his sixth straight wins British Grand Prix with Lando Norris for McLaren in second. Mercedes’ Lewis Hamilton completed the Silverstone podium.
• Verstappen’s first-ever British Grand Prix win drew Red Bull level with McLaren’s record run of 11 consecutive race victories in 1988.
• McLaren’s Lando Norris started and finished in second place, while Lewis Hamilton (Mercedes) stood on his home podium for a 14th time by finishing third. 2023 is the 74th season of the F1 world championship.

Obituaries News

15.Basketball star and Olympic gold medalist Nikki McCray-Penson passes away

• Nikki McCray-Penson, a renowned basketball player and coach, has passed away at the age of 51.
• She was a two-time Olympic gold medalist and received the MVP award in the American Basketball League (ABL).
• McCray-Penson achieved success on the international stage, winning gold medals with the U.S. women’s basketball team at the 1996 and 2000 Olympics.

Important Current Affairs of 10th July 2023

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