Daily GK Update: 6th March 2023

Sports

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

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

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

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

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

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

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

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

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

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.