4 July Current Affairs 2023 refers to the latest news and events happening around the world and are relevant to our daily lives. Staying updated with the 4 July Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 4 July Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities. 4 July Current Affairs 2023 also provides students with insights into various issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 4 July Current Affairs 2023 not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.
Celebrating the International Day of Cooperatives 2023 – Honoring Collaboration for Sustainable Development
The International Day of Cooperatives is a global celebration that recognizes the contributions of cooperative enterprises. It brings people together to acknowledge the power of collaboration and its positive impact on communities worldwide. This day aims to address international issues, strengthen partnerships, and promote sustainable development. By commemorating this event, we honor cooperatives and their role in creating a just and equitable world. Read the complete article here
The Government Reduces the GST Rate on Electronic Items
On the occasion of the 6th anniversary of the implementation of the Goods and Services Tax (GST) in India, the Union Finance Ministry has brought significant relief for the citizens. They have announced a reduction in the GST rates for the purchase of electronic items. This move aims to make electronic goods more affordable and accessible to the people. It is expected to benefit consumers and boost the electronic goods industry in the country.
Goods and Services Tax (GST) replaced many indirect taxes in India, including VAT, excise duty, service taxes, etc. It was introduced on July 1, 2017, with the goal of simplifying the tax structure and reducing tax evasion. Read the complete article here
India’s First Indigenous 700 MW Nuclear Reactor Starts Commercial Operation at the Kakrapar Atomic Power Project (KAPP) in Gujarat
India’s first indigenously developed 700 MW nuclear power reactor at the Kakrapar Atomic Power Project (KAPP) in Gujarat commenced commercial operations on Friday, June 30. The KAPP-3 reactor is currently functioning at 90 percent of its total power capacity. This achievement marks a significant milestone in India’s nuclear power sector, as it demonstrates the country’s capability to develop and operate advanced nuclear reactors. The successful operation of the Kakrapar reactor contributes to India’s efforts in meeting its energy needs through clean and sustainable sources. The government has given approval for the construction of 10 indigenously developed PHWRs in fleet mode at four different locations – Gorakhpur in Haryana, Chutka in Madhya Pradesh, Mahi Banswara in Rajasthan, and Kaiga in Karnataka.
A Pressurized Heavy Water Reactor (PHWR) is a type of nuclear reactor that uses heavy water (deuterated water, D2O) as its coolant and moderator. PHWRs frequently use natural uranium as fuel, but sometimes also use very low enriched uranium. The heavy water coolant is kept under pressure to avoid boiling, allowing it to reach a higher temperature (mostly) without forming steam bubbles. Read the complete article here
Michael Rosen, Celebrated Writer, and Poet, Honored with PEN Pinter Prize 2023
Renowned writer Michael Rosen, aged 77, honored with the PEN Pinter Prize 2023 for fearlessly revealing truths through his work. Rosen, celebrated as the British Children’s Laureate from 2007 to 2009, engages children with relatable poetry. His notable works include “On the Move: Poems about Migration” (2020) and the beloved “We’re Going on a Bear Hunt” (1989). The prize recognizes writers from the UK, Ireland, or the Commonwealth who expose contemporary realities. Read the complete article here
USA Independence Day 2023
The United States (USA) will be celebrating its 247th Independence Day this year on July 4th. Independence Day is a significant federal holiday in the United States that commemorates the country’s declaration of independence. It is a day of great celebration and is associated with various activities such as parades, fireworks displays, carnivals, fairs, picnics, political speeches, games, and ceremonies. This day is considered a National Day in the USA, symbolizing the country’s freedom and independence. Read the complete article here
P M Prasad Appointed as Chairman-cum-Managing Director of Coal India Limited
P M Prasad, who currently serves as the Chairman-cum-Managing Director of Central Coalfields Limited (CCL), has been appointed to the same position at Coal India Limited (CIL), which is a prominent Central Public Sector Enterprise (CPSE). This article delves into Prasad’s recent appointment, highlights his extensive experience in the coal mining industry, and provides an overview of the history and establishment of Coal India Limited. Read the complete article here
SBI Appoints Kameshwar Rao Kodavanti as CFO with effect from July 1
On Saturday, the State Bank of India (SBI) announced the appointment of Kameshwar Rao Kodavanti as its Chief Financial Officer (CFO) starting from July 1, 2023. Kodavanti, a qualified chartered accountant, has been associated with SBI since August 1991 and has extensive experience in banking, forex, finance, and accounting. He will be taking over the role from Charanjit Surinder Singh Attra, who has resigned from the position.
The Chief Financial Officer (CFO) is the senior financial officer of the State Bank of India (SBI). The CFO is responsible for the overall financial management of the bank, including budgeting, forecasting, and reporting. The CFO also plays a key role in the bank’s strategic planning process. Read the complete article here
State Bank of India Inaugurates Transaction Banking Hubs on its 68th Foundation Day
On its 68th foundation day, the State Bank of India (SBI) has introduced a network of 34 Transaction Banking Hubs across various district centers in India. These hubs have been established with the aim of providing efficient and prompt Transaction Banking solutions to customers, offering a wide range of services under one roof. The SBI is focused on meeting all customer needs and enhancing their overall banking experience. The newly launched Transaction Banking Hubs will have dedicated product specialists who will assist business customers with their financial requirements. These hubs will also leverage the synergies within the SBI Group, enabling seamless connectivity with different business verticals and subsidiary companies.
Chairman Dinesh Khara acknowledged the successful turnaround achieved by onboarding over 2000 Current Account (CA) customers on revamped CA variants, which offer attractive concessions on bundled Transaction Banking services. The bank has witnessed impressive market share growth in the Current Account segment, with a 1.06 percent increase in market share in March 2023 compared to the previous quarter. The bank’s pre-launch campaign for the Transaction Banking Hubs generated significant deposits, indicating a positive response from customers. Overall, the introduction of these hubs highlights SBI’s commitment to providing comprehensive and efficient Transaction Banking solutions, further strengthening its position in the market. Read the complete article here
Qu-Dongyu Re-elected as Director General of FAO at 43rd Session of UN Conference
Qu-Dongyu’s re-election as the Director General of FAO during the 43rd session of the conference highlights his ongoing commitment to addressing global food security challenges and advancing agricultural development. With his background in biology and experience in the agricultural sector, Qu-Dongyu brings valuable expertise to FAO’s efforts. The Food and Agriculture Organization (FAO) operates as an international body under the United Nations, focusing on food security, hunger, and nutrition worldwide. Its mission is to collaborate with member nations and tackle food-related challenges, ultimately making a significant impact in the realm of food and agriculture. Read the complete article here
New Zealand Becomes First Country to Ban Thin Plastic Bags
New Zealand has taken a significant step in its campaign against single-use plastics by extending its ban on plastic bags in supermarkets to include thin bags commonly used for fruits and vegetables. This groundbreaking decision, which came into effect on 1st July, sets a precedent as New Zealand becomes the first country in the world to implement such a comprehensive ban. The move reflects the government’s commitment to reducing plastic waste and promoting sustainable alternatives.
Since the implementation of the initial ban on take-home plastic bags in 2019, New Zealand has witnessed a significant cultural shift toward reducing plastic waste. The majority of shoppers have embraced the practice of bringing their own bags when visiting stores. This positive change has resulted in over one billion plastic bags being saved from circulation. This expansion is projected to prevent the use of approximately 150 million plastic bags annually. Read the complete article here