Daily GK Update: 6th March 2023

 Sports

1. Karnataka beats Meghalaya to clinch Santosh Trophy football after 54 years

• Karnataka won its 5th Santosh Trophy National Football Championship title after defeating Meghalaya by 3-2 in the final at the King Fahd International Stadium in Riyadh, Saudi Arabia.
• Karnataka last won the title 54 years ago.
• Earlier, Services won third place beating Punjab 2-0 in the play-off match held before the final.
• Most successful team: West Bengal (32 titles)
• Santosh Trophy was founded in 1941 and organized by the All India Football Federation (AIFF).

 International Affairs

2. UN inks ‘High Seas Treaty’ in a bid to protect ocean bodies of the world

• The United Nations (UN) has inked the first ‘High Seas Treaty’ in a bid to protect the ocean bodies of the world that lie outside the national boundaries and form almost two-thirds of the world's oceans.
• This treaty now brings 30% of the world's oceans into the protected domain, puts more money into marine conservation, and sets new rules for mining at sea.
• The last agreement on ocean protection was signed 40 years ago in 1982 - the UN Convention on the Law of the Sea.

 Defense

3. First edition of Naval Commanders' Conference of 2023 begins

• The first edition of the 2023 Naval Commanders' Conference has been started on March 6, 2023.
• The first phase of the conference is held onboard India's first indigenous aircraft carrier, INS Vikrant, in the Arabian Sea off Goa.
• Rajnath Singh addressed the Naval Commanders onboard INS Vikrant.
• This conference serves as a platform for Naval Commanders to discuss important security issues at the military-strategic level and interact with senior government functionaries

 Banking & Finance

4. HDFC Bank recommends re-appointment of Sashidhar Jagdishan MD for 3 yrs

• The board of directors of HDFC Bank has recommended the reappointment of Sashidhar Jagdishan as managing director and CEO for three years, with effect from 27 October 2023.
• The Bank also informed that it is subject to the approval of the Reserve Bank of India (RBI) and the shareholders.
• Sashidhar Jagdishan joined the Bank in 1996 and was appointed as a chief financial officer in 2008, after which he was appointed as the MD and CEO.

 National & International Organizations

5. India ranks 108th on Electoral Democracy Index 2023

• According to the V-dem Democracy report 2023, India ranks 108th in the Electoral Democracy Index.
• India's ranking dipped from the 100th position in 2022 to 108th this year in the report's Electoral Democracy Index (EDI) while 97th in the Liberal Democracy Index (LDI).
• Denmark ranked first with the highest comprehensive score of 0.89 in the LDI, followed by Sweden, Norway, Switzerland, and Estonia
• Pakistan slipped two steps lower at 106th in the LDI and 110th in the EDI

 Banking & Finance

6. India's per capita income doubled since 2014-15

• According to National Statistical Office (NSO), the estimated annual per capita (net national income) at current prices for 2022-23 is Rs 1,72,000, showing a growth of around 99% from Rs 86,647 in 2014-15.
• However, after adjusting for inflation (constant prices), the per capita income has risen by approximately 35% from Rs 72,805 in 2014-15 to Rs 98,118 in 2022-23.
• The average growth of India’s per-capita income in real terms from 2014 to 2019 was 5.6 percent per annum.

 Banking & Finance

7. World Bank to lend $1 billion to support India’s health sector

• The World Bank will lend up to $1 billion to India to strengthen its health infrastructure.
• The lending will be divided into two complementary loans of $500 million each.
• The bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) which was launched in October 2021.
• The loans will prioritize health service delivery in seven States - Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu, and Uttar Pradesh.

 National Affairs

8. President Murmu launched ‘Catch the Rain-2023’ campaign

• President Droupadi Murmu has launched the ‘Catch the Rain-2023’ as part of efforts to turn the conservation of water into a mass campaign in the run-up to the monsoon season.
• The theme of the 2023 campaign was ‘Source Sustainability for Drinking Water'.
• The president also conferred 18 awards under Swachh Bharat Mission – Grameen, Jal Jeevan Mission, and National Water Mission.
• She has released a compendium of case stories titled ‘Swachh Sujal Shakti Ki Abhivyakti’.

 National Affairs

9. SWAMIH Fund completed 20 557 homes since inception in 2019

• The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has completed 20,557 homes worth ₹12,000 crore since its inception in 2019.
• About SWAMIH Investment Fund:
  • It was launched in November 2019.
  • Aim: To complete stressed and brownfield properties registered under Real Estate Regulatory Authority (RERA).
  • SWAMIH investment fund is a government-funded initiative and it is managed by the State Bank Group's SBICAP Ventures Limited.

 National Affairs

10. No sale of gold jewellery without HUID from April 1

• The Bureau of Indian Standards (BIS) has prohibited sale of hallmarked gold jewellery or gold artefacts without the six-digit alphanumeric hallmark unique identification number (HUID) after March 31, 2023.
• Aim: To protect consumers and enhance their confidence in the purchase of hallmarked gold jewellery.
• It would ensure traceability and assure quality in gold jewellery.
• The six-digit HUID number was introduced on July 1, 2021.