Daily Current Affairs January 03

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs January 03. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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January 03 | Daily Current Affairs 2024

Important Days – Daily Current Affairs January 03

1. On which date is International Mind-Body Wellness Day celebrated annually?
A) January 1
B) January 2
C) January 3
D) January 4
E) January 5
Answer: C) January 3

• International Mind-Body Wellness Day is celebrated every year on January 3.
• International Mind-Body Wellness Day is an occasion dedicated to the harmonious coexistence of physical and mental health.
• The day promotes self-care, mindfulness and holistic health practices among people around the world in recognition of the mind-body connection.

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Obituary – Daily Current Affairs January 03

2. Who recently passed away in the US and was a prominent Indian-American legal scholar?
A) Amartya Sen
B) Ved Prakash Nanda
C) Arundhati Roy
D) Ram Jethmalani
E) Shashi Tharoor
Answer: B) Ved Prakash Nanda

• Prominent Indian-American legal scholar, Professor Ved Prakash Nanda passed away.
• A Padma Bhushan awardee for his contributions to literature and education, Nanda also held prestigious position of the John Evans Distinguished University Professor of International Law at Colorado’s University of Denver.
• In 2006, Nanda was honored with a $1 million founding gift from DU alumni Doug and Mary Scrivner to launch the Ved Nanda Center for International and Comparative Law.
• The Center began its programming in 2007, hosting programs for the lawyers, students, and community participants as well as promoting scholarship in the field of international law.
• Professor Nanda has been honored with the Padma Bhushan award in 2018 in the field of Literature and Education.

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Banking and Finance – Daily Current Affairs January 03

3. AU Small Finance Bank recently introduced a Mastercard Debit Card. What is the specific target clientele for this new debit card?
A) Students
B) Small business owners
C) Corporate salary clientele
D) Senior citizens
E) Frequent travelers
Answer: C) Corporate salary clientele

• AU Small Finance Bank has officially unveiled its collaboration with Mastercard, heralding the introduction of the Mastercard Debit Card. This innovative offering is tailor-made for the bank’s Corporate Salary customers and is rolled out with the overarching theme of #Swipe&Save.
• The recently launched Mastercard Debit Card caters to the lifestyle requirements of the contemporary Corporate Salary class by presenting exclusive deals across various prominent categories. In the realm of entertainment, users can avail of a 20 per cent discount on movie tickets at BookMyShow and PVR INOX Limited. Dining options come with a 15 per cent discount on EazyDiner and Zomato.
• Online food delivery enthusiasts can benefit from a 30 per cent discount on Swiggy and a flat Rs. 100 off on Zomato. Grocery savings are facilitated through offers from bigbasket and others. Travel aficionados using the Mastercard Debit Card can enjoy up to a 15 per cent discount on bookings with Yatra and ixigo. Additionally, online shopping is enhanced with a 10 per cent instant discount at Amazon Fashion and TATA CLiQ Luxury. Health and fitness-conscious individuals can seize a flat 10 per cent discount at Pharmeasy.
• The #Swipe&Save theme underscores not only the act of transactions, but the concrete savings associated with every swipe. Through this strategic initiative, AU Small Finance Bank has established itself as a holistic participant in the financial sector, effectively aligning with the three primary card networks in India.

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4. Tata Pay recently acquired a payment aggregator license from which regulatory authority?
A) Securities and Exchange Board of India (SEBI)
B) Reserve Bank of India (RBI)
C) Insurance Regulatory and Development Authority (IRDAI)
D) National Payments Corporation of India (NPCI)
E) Financial Stability and Development Council (FSDC)
Answer: B) Reserve Bank of India (RBI)

• Tata group-owned digital payments app, Tata Pay joins Google Pay, Razorpay and Cashfree among others to secure a much-anticipated payments licence from the Reserve Bank of India (RBI). The apex bank of the country has granted a payment aggregator (PA) licence to Tata Pay to operate in India. This will help the firm to use its platform to facilitate e-commerce transactions.
• Tata Pay comes under the Tata Digital business unit of the conglomerate. It is the Tata Group’s subsidiary entity which houses its digital businesses.

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5. What is the name of the latest health insurance offering introduced by Zuno General Insurance?
A) Zuno SecureLife Policy
B) Zuno HealthGuard Plan
C) Zuno HealthPlus Policy
D) Zuno DigitalWellness Coverage
E) Zuno InsureWell Assurance
Answer: C) Zuno HealthPlus Policy

• Zuno General Insurance, a modern digital insurance provider, unveils its newest health insurance offering: Zuno HealthPlus Policy.
• This cutting-edge health insurance scheme is crafted to deliver personalised coverage and advantages to both individuals and families, all at a reasonable premium.
• This product, adjusted for inflation, enables coverage for as many as nine family members under a single policy, simplifying the management of multiple policies.
• The policy addresses a range of needs, providing individuals and families with the flexibility to select from 20 different coverage options. For example, a bachelor can secure basic health insurance and include optional coverage for adventure sports. Young couples have the option of plans with maternity benefits and newborn coverage.
• Considering the increasing prevalence of infertility, prospective couples can also choose infertility and surrogacy covers. Families with children can opt for Outpatient and worldwide coverage. With no maximum entry age limit, this policy extends coverage to senior citizens.
• Zuno HealthPlus Policy ensures a hassle-free healthcare experience with an extensive network of over 10,000 cashless hospitals. In times of emergencies, the vast network alleviates concerns about finding a suitable facility.
• If admitted to a non-network hospital, Zuno makes efforts to onboard it for cashless facilities. For reimbursement claims, Zuno offers a “Cash in Advance” facility, providing immediate support to customers in emergencies.
• The 24 x 7 claims concierge offers expert guidance throughout the claims process, ensuring prompt and seamless support for policyholders and making the customer experience stress-free.

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Business and Economy – Daily Current Affairs January 03

6. What is the recent development in India’s healthcare sector, involving the launch of a single-window portal?
A) National Health Registry
B) Medical Devices Management System
C) Healthcare Efficiency Platform
D) Unified Medical Services Portal
E) HealthTech Integration Network
Answer: B) Medical Devices Management System

• In a move to streamline the import, clinical investigations, and testing of medical devices, the Centre has launched the National Single Window System (NSWS).
• The NSWS portal, distinct from the existing SUGAM and cdscomdonline portals, has been developed by Tata Consultancy Services (TCS). It facilitates applications for the certificate of registration and licences to manufacture or import medical devices for various purposes, including clinical investigations, tests, evaluations, demonstrations, and training. The existing portals will be disabled by January 15.
• Finance Minister Nirmala Sitharaman had previously announced the creation of an investment clearance cell (ICC) during her Budget speech on February 1, 2020. The proposed ICC, now developed as the NSWS, enables investors to identify, apply, track, and obtain the necessary approvals before starting any business operations in India, eliminating the need for investors to visit multiple IT platforms and authorities, the Central Drugs Standard Control Organisation (CDSCO) notice read.

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Appointments – Daily Current Affairs January 03

7. Who has been appointed as the Managing Director of Adani Ports and Special Economic Zone Ltd (APSEZ)?
A) Karan Adani
B) Ashwani Gupta
C) Gautam Adani
D) Mukesh Ambani
E) Anil Ambani
Answer: A) Karan Adani

• Adani Ports and Special Economic Zone Ltd (APSEZ), the ports and logistics company announced that it is elevating CEO Karan Adani to the role of managing director and appointing Ashwani Gupta, former global chief operating officer at Nissan Motors, as the new CEO of the company.
• Karan replaces Gautam Adani as the MD of the company. Gautam Adani is now re-designated as ‘Executive Chairman’ of APSEZ.

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Science and Technology – Daily Current Affairs January 03

8. ArcelorMittal has partnered with which institution to create Asia’s first hyperloop facility?
A) IIT Bombay
B) IIT Delhi
C) IIT Kharagpur
D) IIT Madras
E) IIT Kanpur
Answer: D) IIT Madras

• ArcelorMittal has established a partnership with the Indian Institute of Technology Madras (IIT Madras) and is working closely with the institute’s Hyperloop Technology team, Avishkar Hyperloop, which is developing cost-effective hyperloop technologies for passenger and cargo mobility at scale. Avishkar Hyperloop is a student team and TuTr Hyperloop is a a start-up incubated at IIT Madras.
• ArcelorMittal and ArcelorMittal Nippon Steel India are providing foundational steel materials, as well as engineering, design and project management expertise to support the creation of India’s and Asia’s first Hyperloop test track at IIT Madras’ 163-acre Discovery Campus in Thaiyur on the outskirts of Chennai.
• The hyperloop team’s central objective is the advancement and commercialisation of hyperloop technologies for high-speed, affordable, reliable and sustainable transportation. India’s Ministry of Railways is a key partner to this hyperloop technology development initiative at IIT Madras

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9. What type of technology do the Starlink satellites launched by SpaceX’s Falcon 9 rocket enable?
A) Weather forecasting from space
B) GPS navigation enhancement
C) Internet connectivity from space
D) Satellite television broadcasting
E) Space tourism communication
Answer: C) Internet connectivity from space

• T-Mobile US (TMUS.O) said SpaceX launched a Falcon 9 rocket with the first set of Starlink satellites that can beam phone signals from space directly to smartphones.
• The U.S wireless carrier will use Elon Musk-owned SpaceX’s Starlink satellites to provide mobile users with network access in parts of the United States, the companies had announced in August 2022.
• Other wireless providers across the world, including Japan’s KDDI (9433.T), Australia’s Optus, New Zealand’s One NZ, Canada’s Rogers (RCIb.TO) will collaborate with SpaceX to launch direct-to-cell technology.

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International Affairs – Daily Current Affairs January 03

10. Which country has taken over the chairmanship of BRICS (Brazil, Russia, India, China, South Africa)?
A) Brazil
B) Russia
C) India
D) China
E) South Africa
Answer: B) Russia

• Russia has taken over the BRICS chairmanship as of January 1, following the decision made during the 15th BRICS Summit in August 2022, expanding the association to include 10 countries.
• Among these ten countries are Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, signifying the association’s increasing influence and role in global affairs.

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National Affairs – Daily Current Affairs January 03

11. What is the upgraded social welfare pension amount launched by Andhra Pradesh Chief Minister YS Jagan Mohan Reddy?
A) ₹2,000 per month
B) ₹2,500 per month
C) ₹3,000 per month
D) ₹3,500 per month
E) ₹4,000 per month
Answer: C) ₹3,000 per month

• Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched the upgraded social welfare pension of ₹3,000 per month with an expanded reach to cover 66.34 lakh beneficiaries.
• This would mark an increase of ₹250 as till now pension was at ₹2,750.

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12. Ola Electric has been certified by which ministry as eligible to receive subsidies under the production-linked incentive (PLI) scheme?
A) Ministry of Finance
B) Ministry of Commerce and Industry
C) Ministry of Heavy Industries (MHI)
D) Ministry of Transportation
E) Ministry of Power
Answer: C) Ministry of Heavy Industries (MHI)

• The Ministry of Heavy Industries (MHI) has certified that IPO-bound Ola Electric is eligible to receive subsidies under the production-linked incentive (PLI) scheme.
• With this, Ola Electric has become the first e2W (electric two-wheeler) company to be certified under the scheme, which includes several other applicants such as Hero MotoCorp, TVS Motor Company, and Bajaj Auto, among others.
• According to the above sources, the certification was granted on 27 December and the entire process took four months.
• The PLI scheme provides financial incentives to companies in order to boost domestic manufacturing, with the twin objective of making products more competitively priced and reduce dependency on imports. A company spokesperson did not respond to a request for comments.

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13. Which Union Territory (UT) recently became the first to implement the PM Vishwakarma Yojana?
A) Chandigarh
B) Jammu and Kashmir
C) Ladakh
D) Puducherry
E) Delhi
Answer: B) Jammu and Kashmir

• Jammu and Kashmir has become the first Union Territory (UT) to implement the PM Vishwakarma Yojana (PMVY), an initiative that aims to empower and enhance the skills of the craftsman community.
• The inauguration of the training programme for the first batch of 30 trainees (Viswakarmas) in ‘darzi craft’ was virtually conducted by Advisor to Lieutenant Governor, Rajeev Rai Bhatnagar, and Secretary of the Union Ministry of Skill Development and Entrepreneurship (MSDE), Atul Kumar Tiwari, at ITI Shopian.
• PMVY, an initiated launched by the Central government in September 2023, aims to recognise artisans and craftspeople through PM Vishwakarma certificates and ID cards, officials said.
• The scheme includes basic training of five to seven days, advanced training of 15 days or more, a stipend of ₹500 per day, and a free modern toolkit worth ₹15,000 for trained Vishwakarmas.
• Additionally, the yojana offers linkage with credit-based soft loans and marketing support to expand their businesses.

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Over All Review

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