Current Affairs Exam

Dharma Guardian is the name of an Indo-Japan Joint Military Exercise that began in 2018. This exercise takes place between both countries’ armies.

Highlights

This exercise with Japan is critical and crucial within the security challenges that both nations face within the backdrop of the present global situation.

This exercise covers platoon-level joint operations training in semi-urban and concrete environments and forests.

Exercise Dharma Guardian 2022 will begin from 27 February to 10 March 2022 and be conducted at Foreign Training Node, Belagavi, Karnataka.

Indian Army’s 15th Battalion, the MARATHA Light INFANTRY Regiment, and Japan’s 30th Infantry Regiment of Japanese Ground Self DEFENCE Forces participate during this year’s exercise.

Every year on 1 March, Zero Discrimination day is celebrated to practice , incorporation, and safeguard the people with equal law and policies without any discrimination.

Highlights:

Every year on 1 March, Zero Discrimination Day is observed.

The day’s goal is to ensure that all people have the right to equality, inclusion, and protection in their laws and policies to live an entire and dignified life regardless of obstacles.

Zero Discrimination Day emphasizes how people may learn about and support inclusion, compassion, peace, and, most importantly, a change movement.

Zero Discrimination Day assists in forming a global solidarity movement to abolish all forms of discrimination.

The Theme for this year’s Zero Discrimination Day 2022 is “Remove laws that harm, create laws that empower.”

The 28th edition of the DST CII Technology Summit was organized by the Confederation of Indian (CII) in New Delhi in collaboration with the Department of Science and Technology (DST) of the Government of India.

Highlights

On the 23rd and 24th of February 2022, the Confederation of Indian Industry (CII) in New Delhi, in collaboration with the Department of Science and Technology (DST), sponsored the 28th edition of the DST CII Technology Summit.

The Summit was held entirely online. Singapore is the Technology Summit’s Partner Country this year.

Over a two-decade period, the Technological Summit has been critical in offering major chances to create and expand bilateral technology partnerships.

Hon’ble Union Minister of State for Science and Technology, Government of India.

Chief Minister Shinde confirmed that Aurangabad city will be renamed Chhatrapati Sambhajinagar, and Osmanabad city will be called Dharashiv. After a year the proposal to rename Aurangabad and Osmanabad has been approved by the Ministry of Home Affairs.

The Ministry stated that it has no objection to renaming cities. The initial proposal was made in a cabinet meeting during the Maha Vikas Aghadi government in June 2022 before Uddhav Thackeray resigned as the then-chief minister.

After claiming that the decision by the Uddhav government was illegal, On July 16, 2022, a Government Resolution was passed by the two-member cabinet, comprising Eknath Shinde and his deputy Devendra Fadnavis, for changing the names, and a proposal was then forwarded to the Centre.

As part of the project of establishment of foreign universities in India, the Centre on Wednesday announced for setting up of two Australian universities Wollongong and Deakin in Gujarat’s ‘GIFT CITY’. Education Minister Dharmendra Pradhan said both the universities will sign an agreement on setting up their campuses next week during Australian Prime Minister Anthony Albanese’s maiden visit to India.

The announcement comes just a month after the Centres university regulator- (UGC)- released draft rules to facilitate foreign universities in setting up campuses in India.

The first nuclear power plant in North India would be built in Gorakhpur, Haryana, according to Union Minister Jitendra Singh. He claimed that one of the major accomplishments under Prime Minister Narendra Modis Leadership would be the installation of nuclear and atomic energy Plants across the nation, which had previously been largely restricted to states in the south like Nadu and Andhra Pradesh as well as western Maharashtra.

According to Singh, the Center has unanimously approved the installation of 10 Nuclear Reactors in an effort to boost Indias nuclear capability.

The Department of Atomic Energy is also allowed to join forces with Public Sector Undertakings (PSUs) to get funding for the opening of nuclear power plants.

Haryanas Gorakhpur In the Fatehabad area of Haryana, the Anu Vidyut Pariyojanas (GHAVP) Pressurized Heavy Water Reactor (PHWR) with two units, each with a capacity of 700 MWe, is currently being built.

The World Health Organization (WHO) has announced the recall of an eye drugmanufactured by Indian pharma Galentic Pharma Pvt Ltd administered on children from global markets.

The Maharashtra based drug company manufactures the tetracycline hydrochloride ophthalmic ointment USP 1% drug. However, there is currently no established evidence of any adverse events from the affected batches of the product. Redness and swollen eyes are common reactions to general use of tetracycline eye ointment.

In an effort to provide opportunities to young persons of the UK and India to live and work in either country, the Indian High Commission in London on Tuesday opened its visa application process for UK nationals to apply for the new Young Professionals Scheme (YPS). It coincided with the ballot opened by the British High Commission in New Delhi for Indian graduates.

Under the Young Professionals Scheme, announced about a month ago, young citizens of India and the UK can visit each other for up to two years at a time.

The Economic Survey is an annual report card of the economy, which is presented a day before the budget and examines the performance of each and every sector and then suggests future moves.

India’s economy to grow 6.5% in 2023-24, compared to 7% this fiscal and 8.7% in 2021-22. Gross domestic product (GDP) in nominal terms to be 11% in next fiscal

Growth driven by private consumption, higher capex, strengthening corporate balance sheet, credit growth to small businesses and return of migrant workers to cities

growth to be in the range of 6-6.8% next fiscal depending on global economic, political developments

Challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed

Current Account deficit (CAD) may continue to widen as global commodity prices remain elevated, economic growth momentum stays strong. If CAD widens further, rupee may come under depreciation pressure

The country’s Current Account Deficit widened to 4.4% of the GDP in the quarter ending September, from 2.2% of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank Of India (RBI) data.

India has sufficient forex reserves to finance CAD and intervene in forex market to manage rupee volatility

The growth in exports has moderated in second half of current fiscal; the surge in growth rate in 2021-22 and first half of current fiscal led to production processes shifting gears from ‘mild acceleration’ to ‘cruise mode’

Slowing world growth, shrinking global trade led to loss of export stimulus in the second half of current year

Bank credit growth likely to be brisk in FY24 on back of benign Inflation, moderate credit cost

Credit growth to small businesses high at over 30.5% in January-November, 2022

Central govt capex grew 63.4% in April-November of current fiscal

Stock market gave positive returns in calendar year 2022 unfazed by FPI withdrawal

Private consumption, Capital Formation led economic growth in current fiscal has helped generate EMPLOYMENT; urban employment rate declined, while Employee Provident Fund registration rose

The Survey said that ‘entrenched inflation’ may prolong the tightening cycle and therefore borrowing costs may stay higher for longer

The joint exercise, which will go through January 26th, intends to encourage international collaboration in air DEFENCE.

Four Su-30 MKI, two C-17, and one IL-78 aircraft from the Indian contingent will take part in the air exercise, while four F-2 and four F-15 aircraft from the JASDF will take part.

According to a statement from the Ministry of Defence, the first exercise would involve several aerial combat drills between the two Air Forces.

Theyll engage in sophisticated multi-domain air combat operations while exchanging best practises.