Daily GK Update- 27th Jan, 2023

 

NATIONAL UPDATES:

 

1. Cabinet approves Protocol for establishment of joint Economic and Trade Committee between India and Dominican Republic: The Union Cabinet chaired by PM Narendra Modi approved the proposal for signing of a protocol for establishment of Joint Economic and Trade Committee (JETCO) between the Department of Commerce, Ministry of Commerce and Industry of the Republic of India and the Ministry of Foreign Affairs of the Dominican Republic. Bilateral relations between India and the Dominican Republic have been friendly and continue to deepen in all spheres. At present, there is no bilateral institutional mechanism between India and Dominican Republic on trade and commerce. India primarily imports gold from the Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three-wheelers etc. to them. The establishment of JETCO will strengthen the economic ties between India and the Dominican Republic and shall play a pivotal role and provide a platform for discussions, exchange of information, knowledge and ideas which would in turn facilitate trade and industry.

 

2. Reliance Jio and OnePlus join hands to set up 5G innovation lab in India: Telecom major Reliance Jio and Chinese smartphone company OnePlus have joined hands to set up a 5G innovation lab in India. The alliance between OnePlus and Jio aims to provide OnePlus and Jio True 5G users with differentiated features and an unparalleled network experience. To bolster these initiatives, both brands are excited to announce the establishment of a state-of-the-art 5G Innovation Lab. The lab will serve as a hub for testing and developing new technologies. 85 per cent of the entire 5G deployment in India has been made by Jio.

 

3. Tata Group, Airbus team up to make helicopters: The Tata Group and European aerospace company Airbus have signed an agreement to manufacture H125 civilian helicopters together in India. The partnership would include air and space tech, maritime tech, including underwater domain awareness, and equipment and systems related to land warfare. It also heavily focuses on cutting-edge technology, including robotics, artificial intelligence, cyber-defence, and autonomous vehicles and platforms. Also, in partnership with Tata Advanced Systems Limited (TASL), Airbus Helicopters will set up a final assembly line (FAL) for H125 civilian helicopters. This will be India’s first private helicopter manufacturing facility. The FAL will take 24 months to set up and deliveries of the first ‘made-in-India’ H125s are expected to commence in 2026.

 

4. Integrated Industrial Township, Greater Noida: Prime Minister Narendra Modi recently inaugurated the Integrated Industrial Township in Greater Noida (IITGN), a smart township spread over 750 acres. The Rs 1,700 crore project aims to compete with the world’s best manufacturing hubs by providing all necessary industrial ..

 

5. ASI’s Gyanvapi Mosque Survey Report: The Archaeological Survey of India (ASI) submitted its survey report of the Gyanvapi mosque complex in Varanasi to the district court in December 2022. The report concludes that remains of an old Hindu temple existed at the site before the ..

INTERNATIONAL UPDATES:

 

1. 27 January – International Day of Commemoration in Memory of the Victims of the Holocaust: January 27th marks a solemn occasion recognised globally as the International Day of Commemoration in memory of the victims of the Holocaust. This day serves as a poignant reminder of the horrors of the Holocaust and the enduring need to fight against hatred, bigotry, and racism in all its forms. In November 2005, the United Nations General Assembly designated January 27 as an “International Day of Commemoration in memory of the victims of the Holocaust”(Resolution 60/7). It reaffirmed that the Holocaust, which resulted in the murder of one-third of the Jewish people, along with countless members of other minorities, will forever be a warning to all people of the dangers of hatred, bigotry, racism, and prejudice. On January 27, 2006, the first worldwide International Holocaust Remembrance Day celebrated.

 

2. India-France Defence Industrial Roadmap and Comprehensive Dialogue on Global Issues: India and France have formulated a defence industrial roadmap to boost collaboration in defence production and design of military platforms. This comes amid progress on other strategic agreements during French President Emmanuel Macron’s visit. Joint Development and Production Plans The ..

OTHER UPDATES:

 

SPORTS

 

1. Virat Kohli wins ICC Men’s ODI Cricketer of the Year Award 2023: Indian batting maestro Virat Kohli was crowned the ICC men’s ODI Cricketer of the Year 2023 for his excellent run in the format last year headlined by a phenomenal outing in the World Cup at home. This is the fourth such award for Kohli, who was the second most prolific run-scorer in ODIs last year behind compatriot Shubman Gill. The former India skipper finished the year with 1,377 runs which included six centuries and eight half-centuries. This is the seventh individual ICC award won by Kohli during his glittering career, and his fourth in the ODI category after previous wins in 2012, 2017 and 2018. He also won the Test award in 2018 while the years 2017 and 2018 saw him also win the Sir Garfield Sobers Trophy for ICC Men’s Cricketer of the Year.

 

BANKING AND FINANCE

 

1. Bank of Baroda’s arm rebranded as ‘BOBCARD Limited’: Bank of Baroda’s wholly-owned subsidiary for cards, ‘BOB Financial Solutions Limited’, has been rebranded as ‘BOBCARD Limited’ with the tagline “Credit Reimagined”. The NBFC has also unveiled a new logo called ‘Baroda Sun’, which comprises dual ‘B’ letterforms that hold the rays of the rising sun. The rebranding embodies “revitalised commitment to reimagine the country’s credit landscape with excellent credit solutions and customer-centric offerings”. BOBCARD offers an array of consumer and commercial credit cards and caters to all segments of customers with varied needs, including shopping, travel and business cards for large corporates and MSMEs.

 

AWARDS AND HONOURS

 

1. Foxconn CEO Young Liu honoured with Padma Bhushan: In a remarkable recognition of his outstanding contributions to the technology industry, Young Liu, the Chief Executive Officer and Chairman of Foxconn, the Taiwanese multinational electronics contract manufacturer, has been bestowed with the prestigious Padma Bhushan award. Young Liu, a seasoned entrepreneur and innovator, boasts an impressive career spanning over four decades. His entrepreneurial journey began in 1988 when he founded Young Micro Systems, a motherboard company. Subsequently, in 1995, he ventured into the realm of IC design, focusing on PC chipsets. In 1997, Liu established ITE Tech, known as ITeX, marking the third successful venture in his illustrious career.