Daily Current Affairs  – 2 January 2023

In News Two wars are raging in 2022, which have undermined the hyperglobalisation. The first war is Russia’s invasion of Ukraine and the second is an economic war, a geopolitical confrontation between two superpowers (US and China). Hyperglobalisation Features of  a hyperglobalised world: Wars are not the norm and economies broadly follow the principles laid […]

In News Recently, paleontologists have announced the discovery of a fossil beaked bird ancestor in northeastern China. Key Points About Discovery: The title of paper: “A new confuciusornithid bird with a secondary epiphyseal ossification reveals phylogenetic changes in confuciusornithid flight mode.” The findings in detail in the prestigious journal Nature Communications Biology.  The nearly complete […]

In News The 129th birth anniversary of Satyendra Nath Bose was observed. About Satyendra Nath Bose Early life: Born on January 1, 1894, He grew up and studied in Kolkata, where he solidified his position as an exemplary academician.  His father, an accountant in the Executive Engineering Department of the East Indian Railways, gave him […]

In News India and Austria will sign a migration and mobility agreement. Major Highlights India will sign a “Comprehensive Migration and Mobility Partnership Agreement” (MMPA) with Austria. It has similar mobility agreements with France, the United Kingdom, Germany, and Finland. Relevance:  India has been keen to finalise these agreements with European countries as a stepping […]

In News  Recently, Croatia adopted the euro currency and enter Europe’s passport-free Schengen zone after nearly a decade after joining the European Union. Croatia welcomes the Euro – a significant milestone for citizens and businesses alike, contributing to easier trade and investments, reduced transaction costs and increased financial stability overall. Schengen Zone  The border-free Schengen […]

In News AI-manipulated digital media can impact the lives of individuals as well as influence the public discourse. Present Scenario Disinformation and hoaxes are evolving exponentially and growing from mere annoying to warfare tactics. It is capable enough to increase social discord, increase polarisation, and in some cases, even influence the election outcome.  The disinformation […]

In News The United Nations has declared 2023 as the International Year of Millets (IYM). Key Points India’s vision: It was an Indian Initiative. It is to make IYM 2023 a ‘People’s Movement’ alongside positioning India as the ‘Global Hub for Millets’. Traditional Crop: Being grown in more than 130 countries at present, Millets are […]

In News Recently, it was the 205th anniversary of the Battle of Koregaon Bhima. What Was the Bhima Koregaon Battle? The Battle of Koregaon took place on 1 January 1818 in the village of Koregaon, Maharashtra between troops of Maratha ruler Baji Rao Peshwa II and 800 troops of the British East India Company. The […]

In News Recently, the Parliament has been informed by the Finance Minister that banks had written off bad loans worth ?10,09,511 crore during the last five financial years. More about the news Out of the total ?10.1 lakh crore, only ?1.32 lakh crore has been recovered.  This comes to only about 13% as a percentage […]