Daily Current Affairs- 1 February

Author : Palak Khanna

February 6, 2023

INTERNATIONAL

US is preparing a military aid of more than $2 billion for Ukraine.

The aid is expected to include longer-range rockets for the first time, other munitions, and weapons, two US officials told Reuters on Tuesday.
According to the officials, the weapons aid is expected to be announced as soon as this week. The aid is also expected to include support equipment for Patriot air defense systems, precision-guided munitions, and Javelin anti-tank weapons, officials further stated, as reported by Reuters

Australia Radiation Alert: Tiny Radioactive Capsule Missing For Over 2 Weeks Found After 6-Day Search.

After a “relentless search”, the team looking for a radioactive capsule lost in Western Australia around two weeks ago is learnt to have found it. The 8mm by 6mm capsule that had triggered a radiation alert and posed a "significant public health risk" was part of a secure device on a truck travelling from a mine site to Perth and believed to have fallen from it during transportation somewhere along the Great Northern Highway, the longest one in Australia. It was spotted by the side of the road south of the town of Newman, The Guardian reported.

NATIONAL

PM Pranam Yojana for promotion of alternative fertilizers

Union Finance Minister Nirmala Sitharaman in Budget 2023, announced the launch of “PM Pranam Yojana” for the promotion of alternative fertilizers and balanced use of chemical fertilizers.
Finance Minister in her speech said, “PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth’ (PM Pranam) will be launched to incentivize States and Union Territories to promote alternative fertilizers and balanced use of chemical fertilizers.”

Initiatives For Green Growth And Clean Energy.

To achieve India's goal of net zero carbon emission by 2070, Sitharaman announced a Rs 35,000 crore outlay towards the country's transition to cleaner energy besides listing out initiatives related to green fuel and green farming.

SPORTS.

Fit Again - Ravindra Jadeja to join the India squad in Nagpur.

After testing his match-fitness with a successful return to action in the Ranji Trophy, star all-rounder Ravindra Jadeja is set to join the India squad in Nagpur this week, ahead of the first Test against Australia, which begins on February 9. Jadeja played for Saurashtra in their final group-stage match against Tamil Nadu last week in Chennai and bowled 41.1 overs and bagged a seven-for in the second innings. Since undergoing surgery in his right knee in September, it was his first match.

Women's Premier League: Jhulan Goswami Roped In By Mumbai As Bowling Coach.

Legendary Indian pacer Jhulan Goswami has been roped in by the Mumbai based franchise ahead of the inaugural season of the Women's Premier League (WPL) this year. The development was reportedly confirmed by former BCCI President and current Director of the Delhi Capitals who said that while even the Delhi side had offered Jhulan a role, she was going to Mumbai.

Legendary Sprinter Usain Bolt refuted all reports of him being BROKE.

Legendary sprinter Usain Bolt, fastest man on the planet years after his retirement, lost at least $12 million which he had in his account with a Jamaican investment firm, reportedly leaving him on the verge of being bankrupt. The billion dollar fraud affected over 40 clients, with Bolt being one of the high-profile victims. Soon after the fraud, rumors started circulating about Bolt's account balance inexplicably dwindling from $12 million to just $12,000

IND vs NZ, 3rd T20 Men in Blue register their biggest-ever win in T20I in terms of runs.

While India opted to bat first and posted 234/4 with the help of Shubman's highest-ever score by an Indian in T20Is- an unbeaten 126* off 63- they later bowed out the Kiwis for 66, they defeated New Zealand by 168 runs in the third and final T20I at the Narendra Modi Stadium in Ahmedabad on Wednesday.

BANKING AND ECONOMY

Sitharaman has set a record of being the sixth minister to present five consecutive Budget.

Finance Minister Nirmala Sitharaman, who arrived at the Rashtrapati Bhavan wearing a red colour saree to call on President Droupadi Murmu, will present Union Budget 2023-24 on Wednesday. Sitharaman has set a record of being the sixth minister to present five consecutive Budget. She has joined a select league of leaders likes of Manmohan Singh, Arun Jaitley and P Chidambaram.

Budget 2023 Taxation and more.

FM Sitharaman proposes to increase income tax rebate limit to Rs 7 lakh under new tax regime.
Govt to reduce customs duty on shrimp feed to promote exports: FM Sitharaman
Taxes on cigarettes hiked by 16 percent
Basic import duty on compounded rubber increased to 25 percent from 10 percent.
Basic customs duty hiked on articles made from gold bars
Customs duty on kitchen electric chimney increased to 15 percent from 7.5 percent.
Customs duty on parts of open cells of TV panels cut to 2.5 percent.
Govt proposes to reduce customs duty on import of certain inputs for mobile phone manufacturing.
Finance Minister Nirmala Sitharaman proposed increase in the agriculture credit target in the Budget 2023 to Rs 20 lakh crore, with an emphasis on industries such as animal husbandry, dairy and fishery. She also proposed a sub-scheme of PM Matsya Sampada Yojana with a targeted investment of Rs 6,000 crore.

FY24 nominal GDP growth assumed at 10.5%.

"Nominal GDP for BE 2023-2024 has been projected at Rs 3,01,75,065 crore (Rs 301.75 lakh crore) assuming 10.5 percent growth over the estimated Nominal GDP of Rs 2,73,07,751 crore (Rs 273.08 lakh crore) as per the First Advance Estimates of FY 2022-23," the Budget documents said.

The Railway Ministry has been allocated 2.40 lakh crore.

In the Budget 2023, the Railway Ministry has been allocated 2.40 lakh crore. The amount allocated in this year's budget is 9 times of what was allocated in 2013

The Education Budget 2023 saw the highest-ever allocation for the education sector.

With Rs 1.12 Lakh Crore. School Education and Higher Education allotment increased by 8 and 7.9%, respectively.The Union Budget 2023 allocated a total of 1,12,898.97 crore to the education sector. The Education Budget 2023 saw an increase of 8621.25 crore in its allocation, compared to 104,277.72 crore in the previous year.

RANKING

Mukesh Ambani Overtakes Gautam Adani as Richest Indian in the world.

Adani Group stocks have been under stress since Hindenburg in its research report last week questioned the accounting and corporate governance practices of the conglomerate.
Reliance Industries chairman and Managing Director Mukesh Ambani has been named the richest Indian in the world, according to the Forbes Real Time Billionaires' list, reported news agency ANI.

IMPORTANT DAYS