Daily GK Update: 5th March 2023

By Neha Bisarya|Updated : March 6th, 2023


1. Daniil Medvedev wins Dubai Tennis Championships title 2023


  • Russian tennis player, Daniil Medvedev defeated his Russian compatriot Andrey Rublev by 6-2, 6-2 to win the 2023 Dubai Tennis Championships title.
  • With this performance, he moved to sixth in the ATP rankings, while Rublev dropped to number seven.
  • After winning the trophies in Rotterdam and Doha in February 2023, he is the third player to win three titles in as many weeks since 2021, joining Casper Ruud (July 2021) and Felix Auger-Aliassime (October 2022).
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 National & International Appointments

2. Sheikh Ahmad Nawaf al-Sabah re-appointed as Prime Minister of Kuwait


  • Crown prince, Sheikh Ahmad Nawaf al-Sabah has been re-appointed as the Prime Minister of Kuwait.
  • This decision came more than a month after the government resigned due to increased tensions with the parliament.
  • Crown Prince Sheikh Meshal al-Ahmad al-Sabah, who also oversees the duties of the ruling emir has nominated Sheikh Ahmed.
  • Although political parties are prohibited in Kuwait, the legislature has more power than similar bodies in other Gulf monarchies.
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 National Affairs

3. Govt to launch Seed Traceability System


  • During the Indian Seed Congress event, organized by the National Seed Association of India, Agriculture Minister Narendra Singh Tomar said that the government would soon launch a seed traceability system.
  • Reason: To ensure the availability of good quality seeds to the farmers
  • This system will help to curb the pilferage in the seed trade sector.
  • India is in the leading position in agriculture but needs to be self-sufficient in oilseeds and cotton areas.
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4. India, Italy elevate ties to strategic partnership


  • After having comprehensive talks between Indian PM Modi and Italian PM Giorgia Meloni, both countries are ready to elevate their bilateral ties to a strategic partnership.
  • Both countries signed an MoU on defense cooperation and announced the establishment of a ‘Startup Bridge’ between India and Italy.
  • Both nations also decided to hold joint exercises and training courses between the armed forces.
  • Italian PM also attended the 8th Raisina Dialogue in New Delhi.
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 National Affairs

5. Deakin University becomes first foreign university to set up at GIFT City


  • Deakin University (Australia) has become the first foreign university to receive the International Financial Services Centres Authority (IFSCA)'s approval to set up an International Branch Campus in GIFT City.
  • During Budget 2023-24, Finance Minister announced that the World Class Foreign Universities and Institutions would be allowed in GIFT City.
  • The in-principle approval was based on the recommendation of the Committee of Experts set up by GIFT City Company Ltd.
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 Banking & Finance

6. New India Assurance becomes second company to offer surety bonds


  • New India Assurance has become the second domestic insurance company to launch surety insurance bonds.
  • Surety bond insurance acts as a security arrangement for infrastructure projects and will insulate the contractor as well as the principal.
  • These bonds are legally enforceable tripartite contracts that guarantee compliance, payment, and performance.
  • The issuing insurer provides a guarantee, for a premium, in case of a default in the execution of a project.
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 Honours & Awards

7. Asian Chess Federation confers D Gukesh with Player of the Year award


  • 60th Indian GM D Gukesh was honored with the Player-of-the-Year award 2023 by the Asian Chess Federation (ACF) for winning the gold medal with a record-breaking score of 9/11 in the 44th Chess Olympiad at Mahabalipuram.
  • Other awardees:
    • Most Active Federation: All India Chess Federation
    • Man-of-the-Year: Tamil Nadu CM M K Stalin
    • Best Women’s team of the Year: Indian women’s team
    • Men’s Coach-of-the-Year: GM R B Ramesh
    • Women’s Coach-of-the-Year: GM Abhijit Kunte
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 Books & Authors

8. Mansukh Mandaviya released book 'India’s Vaccine Growth Story'


  • Health Minister Dr. Mansukh Mandaviya released the book 'India’s Vaccine Growth Story- From Cowpox to Vaccine Maitri' at World Book Fair in New Delhi
  • Additional Secretary of Finance Ministry Sajjan Singh Yadav has authored the book.
  • Dr. Mandaviya also urged the writers to inculcate research-based documentation.
  • The research-based documentation reflects knowledge and science that have proven exemplary in times of crisis.
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9. Indo-France joint exercise 'FRINJEX-23' held in Thiruvananthapuram


  • The maiden joint military exercise 'FRINJEX-23' between India and France, will be scheduled to conduct at the Pangode military station in Thiruvananthapuram, Kerala from March 7 and 8, 2023.
  • It is for the first time that both countries are engaging in this format with each contingent comprising a Company Group.
  • The theme for the exercise is based on “Humanitarian Assistance and Disaster Relief Operations in a Contested Environment”.
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10. INS Trikand participates in International Maritime Exercise/Cutlass Express


  • INS Trikand has participated in the International Maritime Exercise/ Cutlass Express 2023 (IMX/CE-23), which is being held in the Gulf region from 26 Feb to 16 Mar 23.
  • INS will exercise with participants from over 50 nations and international maritime agencies.
  • Common aim: To enhance maritime security and keep sea lanes in the region safe for maritime commerce.
  • IMX/CE-23 is one of the largest multinational maritime exercises in the world. 
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Daily GK Update: 5th March 2023


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