Daily Current Affairs 1st May 2023

Current Affairs 1st May 2023 are incorporated with the important news that made the current affairs headlines for banking 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 GK update for 1st May 2023 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 1st May 2023 covering the following news headlines: Home Ministry cancels LIFE, Anji Khad bridge, First Women Officers, ‘Millets Experience Centre’, 91 FM Radio Transmitters, Ayushman Bharat Diwas.

Top 21 Daily Current Affairs: National & International News:

Here is providing below the top 21 important Daily General Knowledge 2023 updates with national & international news.

                                   National News

1. Home Ministry cancels LIFE’s Foreign Contribution Registration Act (FCRA) licence

• The Centre for Policy Research (CPR), a think tank based in Delhi, has had its Foreign Contribution (Regulation) Act (FCRA) registration suspended by the Ministry of Home Affairs (MHA) for 180 days. A government official reported that the suspension was imposed due to initial breaches of FCRA regulations.

2. Anji Khad bridge, first cable stayed rail bridge in India

• India’s Union Railway Minister, Ashwini Vaishnaw, has shared a timelapse video showcasing the construction of the Anji Khad Bridge, the country’s first cable-stayed rail bridge.
• With a total of 96 cables spanning a length of 653km, the bridge is part of the challenging Udampur-Srinagar-Baramulla-Rail Link (USBRL) Project in the Reasi district of Jammu and Kashmir.

3. Indian Army Inducts First Women Officers into Regiment of Artillery

• In a historic first, the Indian Army has inducted five women officers into its Regiment of Artillery. Lt Mehak Saini, Lt Sakshi Dubey, Lt Aditi Yadav, Lt Pious Mudgil, and Lt Akanksha have joined the Army’s premier artillery units after successfully completing their training at the Officers Training Academy (OTA) in Chennai.
• Military sources have reported that three of the five women officers have been posted to frontline formations along the Line of Actual Control (LAC) with China, while the other two have been posted to “challenging locations” near the frontier with Pakistan.
• The Regiment of Artillery is a major combat support arm, and it has around 280 units that handle various gun systems, including Bofors howitzers, Dhanush, M-777 howitzers, and K-9 Vajra self-propelled guns.

4. Agriculture Minister Narendra Singh Tomar launches ‘Millets Experience Centre’ at Dilli Haat

• India’s Agriculture Minister Narendra Singh Tomar recently launched the Millets Experience Centre (MEC) at Dilli Haat in New Delhi.
• The National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) established the MEC in collaboration with the Ministry of Agriculture to promote the adoption of millets among the general public.

5. Prime Minister Inaugurates 91 FM Radio Transmitters, To Benefit Border, Aspirational Districts

• Prime Minister Narendra Modi has recently inaugurated 91 FM transmitters in 18 states and two union territories, aimed at improving FM radio connectivity in border regions and aspirational districts.
• The move is expected to benefit an additional two crore people who did not have access to the medium before.
• The expansion of FM radio connectivity in India has focused on enhancing coverage in priority states, including Bihar, Jharkhand, Odisha, West Bengal, Assam, Meghalaya, Nagaland, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Andhra Pradesh, Kerala, Telangana, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Ladakh, and Andaman & Nicobar Islands.

                                     International News

6. Santiago Pena wins Paraguay vote, keeps rightwing party in power

• On May 1, 2023, Paraguayans went to the polls to elect their next president. In a surprising turn of events, Santiago Pena of the right-wing Colorado Party emerged as the winner, defeating center-left challenger Efrain Alegre.
• The election result has raised concerns about corruption within Paraguay’s political system, as the Colorado Party has been in power for almost eight decades and has been tainted by graft allegations.

                                      Economy News

7. Tamil Nadu tops market borrowing for third consecutive year, RBI Data Revealed

• For the third year in a row, Tamil Nadu has emerged as the State with the highest market borrowings according to data from the Reserve Bank of India (RBI).
• During the April-February period of FY23, Tamil Nadu’s gross market borrowings through State Development Loans (SDLs) stood at ₹68,000 crore.
• The State’s Finance Minister Palanivel Thiaga Rajan announced in his budget speech last month that Tamil Nadu planned to borrow ₹1,43,197.93 crore during 2023-24 and make repayments of ₹51,331,79 crore, resulting in net borrowings of ₹91,866.14 crore.
• In the budget estimates for 2023-24, the Fiscal Deficit is estimated to be 3.25% of the Gross State Domestic Product (GSDP).

                                      Business News

8. NPCI International Payments partners with PPRO to expand reach of RuPay and UPI

• NPCI International Payments Limited (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), has signed a definitive agreement with PPRO, a global digital payments infrastructure provider, to expand the reach of RuPay cards and Unified Payments Interface (UPI). PPRO’s global clients include payment service providers (PSPs) and global merchant acquirers around the world.

                                     Banking News

9. Banks end FY23 with a robust 15.4 pc credit growth: RBI Data

• Scheduled commercial banks (SCBs) reported a robust credit growth of 15.4% in FY23 compared to 9.7% in FY22. The growth was powered by personal loans, loans to the services sector, and agriculture and allied activities.
• Personal loans registered a growth of 20.6% in FY23 as compared to 12.6% in the year-ago period, primarily driven by housing loans, according to RBI data on sectoral deployment of bank credit.
• Bank credit and deposit growth lost steam in the last fortnight of FY23 compared to the year-ago period, even as overall growth under these two key parameters was robust in the reporting financial year as compared to FY22.

                                   Important Days

10. Ayushman Bharat Diwas: 30 April 2023

• Ayushman Bharat Diwas is celebrated on 30 April every year to commemorate the launch of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) by the Government of India.
• This day marks the birth anniversary of Dr. B.R. Ambedkar, who was a champion of social justice and worked towards the upliftment of the underprivileged sections of society.

11. Why 1st May Celebrated as Gujarat Day 2023? History and Significance

• The first of May, commonly known as May Day or International Labour Day, is a significant date in Gujarat and Maharashtra.
• The Bombay Reorganization Act, which was passed on this day in 1960, created both states. It stands for the Gujrati people’s history and culture. On this day, a number of events are planned to honour the celebrations.

12. Maharashtra Day 2023: History and Significance

• Maharashtra Day is celebrated on May 1st every year to commemorate the creation of the state of Maharashtra after the Bombay Reorganization Act of 1960 was enacted.
• The law came into effect on May 1st, 1960, and thus this day is significant in the history of the state.

13. Labour Day 2023: Know Date, History And Significance

• May 1st is a globally recognized holiday that acknowledges the accomplishments of the labour movement. It is commonly referred to as International Worker’s Day or May Day, and is commemorated with a public holiday across more than 80 countries.
• The celebration, known as Labour Day in several nations, honors the contributions of working individuals to society, emphasizing the importance of work and the strides made by the labour movement.

                                   Appointments News

14. Debadatta Chand named as new Managing Director of Bank of Baroda

• Debadatta Chand has been appointed as the Managing Director (MD) of Bank of Baroda (BOB), according to a government announcement made on April 29.
• Chand is currently serving as the Executive Director of the bank. He will assume the position of MD for a term of three years, effective from July 1, 2023, or until further notice.
• This appointment follows the term extension of the previous MD, Sanjiv Chadha, which ended on January 19, 2021, and was extended by the government for an additional five months until June 30, 2021.

15. Rajneesh Karnatak Named As New MD and Chairman Of Bank Of India

• The Indian government has selected Rajneesh Karnatak as the Managing Director (MD) of the Bank of India (BOI). Karnatak currently serves as the Executive Director of the Union Bank of India.
• As per the announcement, he will take up the role of MD & CEO of Bank of India for a period of three years, starting from the date he assumes office or until further instructions.

16. BARC director A K Mohanty appointed as new Atomic Energy Commission chairman

• Ajit Kumar Mohanty, who is a well-known physicist and also serves as the director of the Bhabha Atomic Research Centre (BARC), has been selected as the new chairman of the Atomic Energy Commission and secretary of the Department of Atomic Energy.
• This appointment means he will be responsible for overseeing India’s nuclear program and exploring the use of atomic power for non-military purposes. Mohanty will take over from K N Vyas.

                                   Ranks and Reports 

17. India overtakes Saudi as Europe’s top refinery supplier: Kpler

• Kpler data has revealed that India has become the largest supplier of refined fuels to Europe, surpassing Saudi Arabia. This comes as a result of Europe’s reduced access to Russian oil and their growing dependence on Indian crude oil products.
• Europe is set to increase its refined fuel imports from India to over 360,000 barrels a day, however this ultimately yields more demand for Moscow’s crude, which carries freight costs.

                                         Sports News

18. Satwiksairaj and Chirag Shetty end India’s 52-year wait for men’s doubles medal in Badminton Asia Championships

• Satwiksairaj Rankireddy and Chirag Shetty made history on April 30, becoming the first Indian men’s doubles pair to win a gold medal at the Badminton Asia Championships.
• The Indian pair defeated the Malaysian duo of Ong Yew Sin and Teo Ee Yi in a thrilling three-game match that lasted for over an hour.

19. Ding Liren becomes China’s first world chess champion

• Ding Liren has become 17th world chess champion – the first from China – defeating Russia’s Ian Nepomniachtchi in a tie-breaker. Ding defeated Nepo in the last of the four Rapid tiebreaks.
• Ding takes over as winner of the World Chess Championship from Norway’s Magnus Carlsen, who chose not to defend his title after a 10-year reign. He and Nepomniachtchi had finished on seven points each after the 14 first-stage games played in the Kazakh capital, Astana.

                                    Books and Authors

20. A book called ‘Collective Spirit, Concrete Action’ written by Shashi Shekhar Vempati

• At the 100th episode of ‘Mann Ki Baat’, a book called ‘Collective Spirit, Concrete Action’ written by Shashi Shekhar Vempati, former CEO of Prasar Bharati (2017-2022) was launched.
• The book was released during a day-long National Conclave on Mann Ki Baat @100, held in the national capital on April 26. According to the author, ‘Mann Ki Baat’ is a combination of the power of radio and the vision of a nation’s leader.
• Over the course of 15 chapters, the book special also offers insights and perspectives from grassroots change-makers and iconic personalities.

                                 Obituaries News

21. Renowned scientist Dr. N. Gopalakrishnan passes away at 68

• N. Gopalakrishnan, the creator of the Indian Institute of Scientific Heritage (IISH) and a former scientist at the Council of Scientific and Industrial Research (CSIR), has passed away at the age of 68. Gopalakrishnan held a Master of Science degree in Chemistry, a Master of Arts degree in Sociology, and a Ph.D. in Biochemistry.
• He was born in the city of Kochi in the Ernakulam district of Kerala, and his parents were Narayanan Embranthiri and Satyabhama.

Important Current Affairs of 1st May 2023