Daily Current Affairs for MBA Exams: 1st February 2023

By BYJU'S CAT|Updated : February 1st, 2023

 Sports

1. India wins the inaugural Women’s U19 T20 World Cup title

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  • India women's cricket team defeated England by 7 wickets in the final to win the first-ever ICC Under-19 Women’s T20 World Cup 2023, held in Potchefstroom, South Africa.
  • BCCI secretary, Jay Shah announced a whopping cash reward of ₹5 crores for the entire India squad.
  • England captain and stellar all-rounder, Grace Scrivens has been named Player of the Tournament.
  • Player of the Match: Titas Sadhu (India)
  • India's Captain for U-19 Women’s T20: Shafali Verma

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 National & International Appointments

2. NMDC appoints boxer Nikhat Zareen as brand ambassador

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  • National Mineral Development Corporation (NMDC) signed a memorandum of agreement (MoA) with World Boxing Champion, Nikhat Zareen to represent NMDC as its brand ambassador.
  • She won a gold medal at Birmingham 2022 Commonwealth Games and the 2022 IBA Women's World Boxing Championships (52 kg category).
  • She became the fifth Indian woman to win a gold medal at the IBA World Boxing Championships.
  • CMD, NMDC: Sumit Deb
  • Headquarters: Hyderabad

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 National Affairs

3. MeitY, Meta announced list of 120 startups for XR Startup Programme

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  • The Ministry of Electronics and Information Technology and Meta have jointly released the list of 120 startups and innovators for the XR Startup Programme.
  • It includes an Accelerator and a Grand Challenge.
  • Aim: To boost the emerging Tech ecosystem
  • Out of the startups selected in the Accelerator Programme, over 30% are from tier II or tier III cities across India.
  • It will discover, nurture, and accelerate Extended Reality (XR) Technology startups and innovators.

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 Obituaries

4. Veteran actress and former MP Jamuna passes away

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  • Veteran film actress, Jamuna passed away in Hyderabad at the age of 86 due to health issues.
  • She was born in 1936 in Hampi in Karnataka and started her career as a stage artist, debuting with Puttillu on Silver Screen.
  • She acted in about 200 Telugu, Tamil, Kannada, and Hindi films.
  • She was identified with her role in ‘Satyabhama’ and became a household name for the mythological character.
  • She was a former Lok Sabha MP from Rajahmundry in 1989 from the Congress.

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 National Affairs

5. Mughal Gardens renamed as Amrit Udyan

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  • The iconic Mughal Gardens in Rashtrapati Bhavan has been renamed as the Amrit Udyan.
  • It would be open to the public from 31st January to 26 March 2023.
  • This decision is said to be part of the government of India’s ‘Azadi ka Amrit Mahotsav'.
  • The cluster of about 15 gardens will collectively be known as Amrit Udyan.
  • Individual gardens within the sprawling Presidential Estate - Herbal Garden, Musical Garden, and Spiritual Garden - will retain their names.

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 National & International Appointments

6. Former NATO general Petr Pavel becomes new President of Czech Republic

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  • A former chairman of the North Atlantic Treaty Organisation (NATO) military committee, Petr Pavel has become the new president of the Czech Republic.
  • He succeeded the former President of the Czech Republic, Milos Zeman.
  • In a run-off vote, he defeated billionaire Andrej Babis.
  • He has been a vocal supporter of the European Union and NATO, seeing the Czech Republic’s future as inextricably linked to their membership.
  • Czech Republic Capital: Prague

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 Banking & Finance

7. India’s forex reserves rise by $1.727 bn to $573.727 bn

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  • As per the Reserve Bank of India release, India’s foreign exchange reserves increased by $1.727 billion to $573.727 billion in the week ended January 20, 2023.
  • As on January 13, 2023, the forex reserves of India stood at $561.583 billion.
  • The Foreign Currency Assets (FCA) stood at $503.65 billion.
  • FCA includes the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.

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 National Affairs

8. Suzuki to use cow dung for its CNG cars

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  • India’s largest car manufacturer company, Suzuki Motor Corporation announced that it will use cow dung to power its CNG cars.
  • Suzuki signed an MoU with Asia’s largest dairy manufacturer, National Dairy Development Board (NDDB).
  • Suzuki has invested in Fujisan Asagiri Biomass which generates power from biogas derived from cow dung in Japan.
  • The biogas could be used for Suzuki’s CNG models which account for approximately 70 percent of the CNG car market in India.

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 Banking & Finance

9. Star Health and Allied Insurance, PNB enter into bancassurance tie-up

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  • Star Health and Allied Insurance has renewed its strategic corporate agency tie-up for bancassurance with Punjab National Bank (PNB) for a long-term period.
  • PNB will continue to distribute Star Health’s insurance products across all their branches pan India.
  • It is a testament to Star Health’s customer service, and track record.
  • Bancassurance: Contract between bank and insurance company to allow the insurance company to sell its products to the bank's client base.

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 Banking & Finance

10. NPST launched UPI API engine TimePay Evok for PAPG

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  • Network People Services Technologies Ltd (NPST) has unveiled "Timepay Evok" as a UPI API engine to articulate its mission and relationship with digital merchants.
  • With unique API services, UPI as a payment gateway can be integrated for both websites and App driven solutions for large-scale merchants.
  • UPI has been identified as a revolutionary product in the payment ecosystem.
  • It was launched in 2016.
  • Co-founder, NPST: Deepak Chand Thakur

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