DAILY CURRENT AFFAIRS

By admin: July 12, 2023

India to be world's second largest economy by 2075: Goldman Sachs Research

Tags: Reports

According to the report of Goldman Sachs Research, by the year 2075, India will become the second largest economy in the world after China leaving behind not only Japan and Germany but also America.

An Overview of the news:

• According to the world's important investment bank Goldman Sachs, India has left behind China in terms of population, so its GDP is expected to expand.
• India's current economy: $3.2 trillion
• Presently India's economy ranks in the world: Fifth
• India's economy in the world by 2075: $52.5 trillion (2nd largest)

Currently, the economy of the top countries (in trillions of dollars):

• America: 23.3
• China: 17.7
• Japan: 4.9
• Germany: 4.3
• India: 3.2
• UK: 3.1

Economy of top countries in 2075 (in trillions of dollars):

• China: 57
• India: 52.5
• No. Ra. America: 51.5
• Europe: 30.3
• Japan: 7.5

The main reasons for the reduction of India's dependence on developed countries:

• According to Goldman Sachs Research, India's dependence ratio on the regional economy will be the lowest in the next two decades. Because:
• 
  
  • Helping to grow the economy quickly with talent and workforce.
  • Here innovation and increasing labor productivity are quite strong.
  • Capital investment will continue to be an important driver of growth in the future as well.
  • Decreased dependency ratio on other countries.
  • Savings rate expected to rise due to rising incomes and favorable demographics.

Operation Broader Sword: Indo-US joint initiative to stop illegal shipments

Tags: International News

In June 2023, India and the United States jointly launched 'Operation Broader Sword' with the goal of stopping the illegal transportation of pharmaceuticals, equipment and precursor chemicals through the International Mail System (IMS).

An Overview of the News

• The operation was aimed at disrupting the flow of illegal substances entering the United States from India.

• The operation primarily focused on packages entering the United States from India through the two major International Mail Facilities (IMF) located at New York (JFK International Airport) and Chicago (ORD International Airport).

• During the operation, investigators thoroughly examined more than 1,500 shipments originating from India, and took conclusive action on nearly 500 products. These operations primarily targeted illegal drugs intended to treat serious illnesses.

• Many of the shipments were found to contain opioids and other controlled substances, highlighting the importance of the operation in combating illegal drug trafficking.

Collaborative Effort:

• Operation Broader Sword involved collaboration of multiple agencies from both countries. These include India's Department of Revenue Retail Investigation (DRI) and the United States Food and Drug Administration (FDA), Customs and Border Protection (CBP), Homeland Security Investigations (HSI), Drug Enforcement Administration (DEA), and the United States Postal Inspection Service (USPIS).

All the three armies of India will participate in the Bastille Day Parade of France

Tags: Defence

France celebrates Bastille Day, also known as Fête Nationale Française, on 14 July each year.

An Overview of the News

• The event commemorates the historic demolition of the Bastille in 1789 during the French Revolution.

• In 2023, France and India are celebrating 25 years of their strategic partnership.

• As part of the celebrations, Indian Prime Minister Narendra Modi has been invited as the guest of honor at the Bastille Day parade in France.

• All the three branches of the Indian Armed Forces will participate in the Bastille Day parade along with their French counterparts. This highlights the growing military cooperation between the two countries.

About Bastille Day Parade

• Captain Aman Jagtap will lead the 77 marching personnel and 38 band members of the Indian Army contingent participating in the Bastille Day Parade.

• Commander Vrat Baghel will lead the Indian Navy contingent, while Squadron Leader Sindhu Reddy will lead the Indian Air Force contingent.

• The contingent representing India is from the Punjab Regiment, one of the oldest regiments of the Indian Army.

• He earned the Battle Honors 'Loose' and 'France and Flanders' when he took part in an offensive near Neuve Chapelle in September 1915. In World War II, he earned 16 battle honors and 14 theater honors.

• The Rajputana Rifles Regimental Band is accompanied by a contingent of the Punjab Regiment, which is the most senior rifle regiment in the Indian Army. Prior to India's independence, the regiment had received six Victoria Crosses. The regiment's band was established in 1920 at Nasirabad, Rajasthan.

Visit of Sheikh Mohammed bin Abdul Karim, Secretary General of the Muslim World League to India

Tags: Person in news

Sheikh Dr. Mohammed bin Abdul Karim Al-Issa, Secretary General of the Muslim World League, has arrived in India on 10 July 2023 on a five-day visit. Dr. Al-Issa is known as a well-known expert on moderate Islam.

An Overview of the news:

• Dr. Al-Issa, Secretary-General of the League, jointly addressed other religious leaders and academics at an event organized at the India Islamic Cultural Center on 11 July.
• In his address, he said that the Muslim community living in India is proud of their nationality that they are Indian citizens. They also feel proud of their constitution. India can send a message of peace to the world.
• Indian communities with their diversity are a great model of coexistence not only in words but also at the ground level.
• India is home to the second largest Muslim population in the world. In 2011, the population of Muslims in India was 172.2 million.
• The Indian Muslim population is almost equal to the combined population of more than 33 member countries of the Organization of Islamic Cooperation.

Muslim World League:

• The Muslim World League was established on 18 May 1962 by a resolution adopted during a meeting of the General Islamic Conference held in Mecca. It has had eight general secretaries since its inception.
• The purpose of the Muslim World League is to promote Islam and the moderate values presented in the Quran and Sunnah.

Dell joins Intel to launch AI Skills Lab in India

Tags: Science and Technology

Dell Technologies and Intel collaborated to set up an AI lab at Lord's Institute of Engineering and Technology in Telangana.

An Overview of the News 

• The primary goal of this partnership is to address the digital skills gap and empower students by incorporating Intel's 'AI for Youth' program into their educational curriculum.

• The initiative aims to equip students with the expertise required for the job market of the future and make them industry ready.

• The program focuses on enhancing the capabilities of selected faculty members through training provided by Intel, which includes over 170 hours of AI curriculum.

• The training includes various activities such as bootcamps, AI-thons and virtual showcases designed to train students in the field of AI.

AI Skills Lab

• The partnership aims to set up an AI skills lab on campus, fostering an environment that supports artificial intelligence initiatives.

• Students will be provided with the necessary resources and tools to create solutions with a social impact.

• The lab uses a Dell Optiplex, which empowers students to do projects in various AI domains such as computer vision, natural language processing (NLP), OpenVino, and Intel's Neural Compute Stick 2.

• In collaboration with the Lord's Institute, innovative projects will be developed, focusing on NLP, computer vision and statistical data analytics.

• These projects are designed to leverage AI technologies to make a real-time impact on society, solve social challenges and drive positive change.

International Malala Day - 12 July

Tags: Important Days

International Malala Day is observed every year on July 12 to honour Malala Yousafzai, a Pakistani advocate for girls' education and the youngest Nobel laureate.

An Overview of the News

• It serves as a worldwide awareness day, emphasising the need for girls to fight for their right to education.

World Malala Day 2023 Theme:

• The theme for World Malala Day 2023 is inspired by the book "I Am Malala", which focuses on the influence of celebrities as heroes and role models for social progress.

• The theme highlights Malala's courage in facing hatred and fighting for her beliefs.

Achievements and Recognition:

• Malala's efforts attracted global attention, leading to her being recognized by Time magazine in 2013 as one of the most influential people in the world.

• In 2014, she was awarded the Nobel Peace Prize and became the youngest recipient ever.

• Malala has also received the United Nations Human Rights Award and the Liberty Medal.

History:

• Malala Yousafzai was born on 12 July 1997 in Mingora, Pakistan.

• In 2007, the Taliban imposed a ban on girls attending school in her town.

• Despite the ban, Malala spoke to B.B.C. Started writing for Urdu in 2009, advocating for girls' education.

• On 9 October 2012, Taliban gunmen targeted Malala and shot her in the head.

• Malala survived the attack and delivered an impressive speech addressing the United Nations on her 16th birthday.

Wanindu Hasaranga and Ashley Gardner awarded ICC 'Player of the Month' for June

Tags: Sports

The ICC (International Cricket Council) honoured Sri Lankan spinner Wanindu Hasaranga and Australian women's team all-rounder Ashley Gardner with the 'Player of the Month' awards in June for their exceptional performances.

An Overview of the News

• Wanindu Hasaranga received the prestigious accolade for his remarkable achievements during the World Cup qualifier matches held in Zimbabwe. 

• Ashley Gardner became the first player to win the Player of the Month award three times. She was recognized for her outstanding contribution during the Women's Ashes series.

• The ICC honoured both the players during the month of June for their remarkable skill, performance and impact on their respective teams.

About ICC

• Established - 15 June 1909

• Headquarters - Dubai, United Arab Emirates

• Chairman - Greg Barclay