Daily Current Affairs  – 18 January 2023

In News Recently, an Indo-Russian joint venture has started manufacturing Kalashnikov AK-203 assault rifles in India. AK-203 Assault Rifles About: India is the first country to start producing the AK-200-series assault rifles of the world-famous brand. Korwa Ordnance Factory in Amethi, Uttar Pradesh, has produced the first batch of 7.62 mm Kalashnikov AK-203 assault rifles.  […]

In News Pakistan-based deputy chief of terror outfit Lashkar-e-Taiba Abdul Rehman Makki has been blacklisted as a global terrorist by the United Nations.  The UN Security Council’s Al-Qaida Sanctions Committee added Makki to its list of individuals and entities subject to the asset freeze, travel ban, and arms embargo. About UNSC Sanctions Committee The 1267 […]

In News The National Aeronautics and Space Administration (NASA) announced that the James Webb Space Telescope has discovered its first new exoplanet.  Researchers have labelled the planet as LHS 475 b, and it’s roughly the same size as Earth. Located just 41 light-years away, the planet orbits very close to a red dwarf star and […]

In News Auditors of 1,000 large listed companies in India will have to file transparency reports with the National Financial Reporting Authority (NFRA) in the specified format, from the current financial year It will improve the credibility of auditors and boost investor confidence in them. About National Financial Reporting Authority (NFRA) It was constituted in […]

In News The Union government needs to reassign Goods and Services Tax (GST) to States to address fiscal imbalance between the Union and State governments. About Major Economic Changes in Recent Past:  The divisible taxes of the Union government expanded from two to all the Union taxes, thus enlarging the revenue base to be shared […]

In News The Union Home Minister recently stated that “Governance Models should build trust between the government and people”. More about the news Model of Good Governance: The minister stated that the model should be such that it reaches the last person in the queue.  It should be inclusive, corruption-free, transparent, accountable, sensitive, innovative and […]

In News Recently, ECI proposed a new Remote Electronic Voting Machine (RVM) that would allow domestic migrants to vote in national and regional elections. What is RVM? The Remote Electronic Voting Machine (RVM) is the proposed new voting system in India that would allow domestic migrants to vote in national and regional elections The RVM […]

In News The issues & potential of China’s shrinking population and India’s surging ahead, are huge.  More about the news Case of China: China’s population, according to its National Bureau of Statistics, fell to 1,411.8 million in 2022, from 1,412.6 million in the previous year.  India’s case: India has not conducted an official headcount Census […]

Context There is an element of intrigue that trails Subhas Chandra Bose’s persona, his life, disappearance and death. Key Points Role in Freedom Struggle: He was a dynamic personality of India’s freedom movement who inspired hundreds of Indians to join the struggle. He resigned from the Indian Civil Service to join the freedom movement, threw […]