Daily Current Affairs for MBA Exams: 26th January 2023

Defense

The fifth Kalvari class submarine INS Vagir has been inducted into Indian Navy on January 23, 2023.
It was built by Mumbai’s Mazagon Dock Shipbuilders Limited in collaboration with the France-based Naval Group.
It was commissioned by Chief of the Naval Staff, Admiral R Hari Kumar.
It will boost the capabilities of the Indian Navy as it is capable of undertaking diverse missions including anti-surface warfare, anti-submarine warfare, etc.

Defense

The Indian Navy has organized a six-day-long mega biennial tri-services amphibious exercise 'AMPHEX 2023' near Kakinada, Andhra Pradesh from January 17 to 22, 2023.
The military exercise was organized between the Indian Navy, Army, and IAF.
It included complex activities in all domains that demonstrated and validated the high level of preparedness and excellent coordination
It took place amid growing concerns over China’s increasing military forays into the Indian Ocean

State Affairs

The annual Ethnic Mamani Festival was organized at Historical Styangkung Village and Chiktan Shagaran by the Himalayan Cultural Heritage Foundation (HCHF) and Ladakh Tourism Department.
This village is being developed as one of the well-maintained heritage villages in Ladakh.
During Mamani, people would exchange food with their relatives and neighbours and worship a variety of spirits.
These festivals have helped in the revival of more than 35 cuisines of Kargil Ladakh

Summits & Conferences

The Election Commission of India (ECI) has hosted the 2nd International Conference in New Delhi, India from 23-24 January 2023.
2023 theme: Use of Technology and Elections Integrity
The two-day international conference was inaugurated by Chief Election Commissioner, Rajiv Kumar.
Around 43 Participants from 17 Countries including Angola, Argentina, Australia, Croatia, Indonesia, Mauritius, Nepal, Philippines, and Suriname have joined the conference.

Defense

The Border Security Force (BSF) has started an "Ops Alert'' exercise with an aim to enhance security along the India-Pakistan border in the Kutch district of Gujarat and Barmer in Rajasthan.
As per the release, this exercise commenced on January 21 and will continue till January 28 along the International Border from Sir Creek (marshy area).
It is being carried out to “thwart any ill-designs of anti-national elements” during the Republic Day celebrations.

Honours & Awards

ESAF Small Finance Bank has bagged the prestigious Inclusive Finance India Awards 2022 for its contributions to advancing the goal of financial inclusion and supporting inclusive growth.
K. Paul Thomas (MD and CEO, ESAF Bank) received the award from Anantha Nageshwaran (Chief Economic Advisor) at the 19th Inclusive Finance India Summit in New Delhi.
This award recognized ESAF’s unique spectrum of Financial Inclusion projects ESAF Dhansree, and ESAF Udyog Jyothi.

Banking & Finance

According to the revised data, the nation's foreign trade between April 2022 and November 2022 differs from the estimates made by the Ministry of Commerce.
The total merchandise exports made by India during these eight months amount to 298 billion USD (earlier it was 276 billion USD).
The import bill is now estimated to be $493.5 billion, about $1.7 billion higher than initial numbers.
The trade deficit was 10 billion USD lower than the estimates made previously.

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