Daily GK Update: 1st April 2023

By Neha Bisarya|Updated : April 1st, 2023

 National & International Appointments

1. NASA appoints Indian-origin Amit Kshatriya to head 'Moon To Mars' Programme

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  • Amit Kshatriya, an Indian-American software and robotics engineer was appointed as the first head of NASA's Moon to Mars Programme, with immediate effect.
  • The new office aims to carry out the agency’s human exploration activities on the Moon and Mars for the benefit of humanity.
  • He will be responsible for planning and executing human missions to these celestial bodies for the betterment of humanity.
  • NASA Administrator: Bill Nelson
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 National Affairs

2. India's unemployment rate rises to 3-month high of 7.8% in March 2023

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  • According to the data from the Centre for Monitoring Indian Economy (CMIE), India's unemployment rate increased to 7.8% in March 2023.
  • The unemployment rate in the country surged in December 2022 to 8.30% but declined in January to 7.14%.
  • It edged up again in February 2023 to 7.45%.
  • In March 2023, the unemployment rate in urban areas of India reached 8.4%, while in rural areas it stood at 7.5%.
  • In March 2023, unemployment was the highest in Haryana at 26.8%.
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 Banking & Finance

3. Fino Payments Bank and Rajasthan Royals ties up for Digital Banking Partner

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  • Fino Payments Bank has renewed its association with Rajasthan Royals (RR) for Season 16 of the Indian premier cricket competition, IPL.
  • Fino Bank will be RR’s official digital banking partner.
  • The bank made its maiden foray with the mega sporting event last season by partnering with RR as the digital payments partner.
  • The newly launched FinoPay digital savings account is expected to get more traction through this engagement.
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 Banking & Finance

4. Govt hikes interest rates of small savings schemes

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  • The Government has raised interest rates on post office saving schemes for the April-June 2023 quarter.
  • The interest rate of the National Savings Certificate will now attract 7.7% up from 7%.
  • The rate for Sukanya Samriddhi has increased to 8% from 7.6%.
  • The interest rates for PPF and savings deposits have been retained at 7.1% and 4%.
  • Senior citizen savings scheme: 8.2%.
  • Kisan Vikas Patra (KVP): 7.5%
  • KVP will now mature in 115 months as against 120 months earlier. 
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 Banking & Finance

5. GST revenue collection increases 13% to ₹1.60 lakh crore in March 2023

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  • India’s GST revenue collection for March 2023 stood at 1.6 lakh crore rupees, which is 13% higher than the GST revenues in March 2022.
  • It is for the fourth time, in the current financial year that the gross GST collection has crossed 1.5 lakh crore rupees, since the implementation of GST.
  • Out of the total collection, CGST is 29,546 crore rupees, SGST is 37,314 crore rupees and IGST is 82,907 crore rupees.
  • The gross revenues in 2022-23 were 22% higher than in 2021-22.
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 Banking & Finance

6. India Post Payments Bank launches WhatsApp Banking Services

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  • India Post Payments Bank (IPPB) in collaboration with Airtel has launched WhatsApp Banking Services for IPPB customers in New Delhi.
  • This channel will enable IPPB customers to seamlessly connect with the bank on WhatsApp and effortlessly avail of a host of banking services.
  • It includes doorstep service requests, locating the nearest Post Office, and much more.
  • Airtel has been working with IPPB to deliver as many as 250 million messages per month to the bank’s customers.
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 National Affairs

7. Minister Sarbananda Sonowal launches Sagar Setu Mobile App

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  • Union Minister for Ports, Sarbananda Sonowal launched the App Version of the National Logistics Portal (Marine) named Sagar-Setu.
  • The app has been envisaged with deliverables covering features like a Login Module, Letter of Credit, Bank Guarantee, Certification, and Track & Trace etc.
  • Benefits for Traders
    • Improve convenience with the reduced turnaround time for approval and compliance.
    • Increase the visibility of operations and tracking.
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 Banking & Finance

8. IMF approves 15.6 billion dollar support package for Ukraine

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  • The International Monetary Fund (IMF) has approved a 15.6 billion US dollar support package for Ukraine to assist with the conflict-hit country’s economic recovery.
  • The loan is part of a broader 115 billion US dollar international support package to help the country meet urgent funding needs.
  • Of the total amount, 2.7 billion dollars is being made available to Ukraine immediately and the rest of the funds are due to be released over the next four years.
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 Summits & Conferences

9. Tripura to host first-ever G20 summit of State commencing on April 3

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  • Tripura will host the first-ever G20 summit of the State commencing on the 3rd of April 2023.
  • The meeting will delve into 'Clean Energy for Greener Future.'
  • After the first session of the summit, the second session will see the opening of exhibition stalls and an Investor Meet.
  • A light and sound show will be organised for the G20 delegates at the Ujjayanta Palace.
  • Chief Minister of Tripura: Manik Saha
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 Defense

10. 10th Bilateral Maritime exercise SLINEX-2023 will be conducted in Colombo

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  • The 10th Edition of the annual Indian - Sri Lanka Bilateral Maritime exercise, SLINEX-2023 is scheduled to be held in Colombo on April 3, 2023.
  • It is being conducted in two phases of three days each, the Harbour Phase followed by Sea Phase.
  • The Indian Navy will be represented by INS Kiltan and INS Savitri while Sri Lanka Navy will have SLNS Vijayabahu and SLNS Samudura.
  • The exercise will also have the Special Forces of the two navies participate together.
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Daily GK Update: 1st April 2023

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