{"id":132986,"date":"2023-04-27T13:32:38","date_gmt":"2023-04-27T08:02:38","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=132986"},"modified":"2023-04-27T13:32:47","modified_gmt":"2023-04-27T08:02:47","slug":"27-april-2023-current-affairs","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/27-april-2023-current-affairs\/","title":{"rendered":"27 April 2023 Current Affairs \u2013 The Day\u2019s Top News | GKSERIES"},"content":{"rendered":"\n<p><strong>Current Affairs<\/strong>\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0<strong>Daily Current Affairs 27 April<\/strong>\u00a0<strong>2023,<\/strong>\u00a0we have tried to cover each and every point and also included all important facts from National\/ International news that are useful for upcoming competitive examinations such as\u00a0<strong>UPSC, SSC, Railway, State Govt. etc.<\/strong><\/p>\n\n\n\n<p>So, here is the Top News of the Day for&nbsp;26<strong> April 2023<\/strong>&nbsp;to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt&nbsp;<a href=\"https:\/\/www.gkseries.com\/blog\/daily-current-affairs-and-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs Quiz<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Current Affairs for Competitive Exam \u2013\u00a0<strong>27 April 2023<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/dalai-lama-gets-1959-ramon-magsaysay-award-in-person-after-64-years\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dalai Lama Gets 1959 Ramon Magsaysay Award in Person after 64 Years<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/Dalai-Lama-Gets-1959-Ramon-Magsaysay-Award-in-Person-after-64-Years.jpg\" alt=\"Dalai Lama Gets 1959 Ramon Magsaysay Award in Person after 64 Years\"\/><\/figure>\n\n\n\n<p><strong>Dalai Lama Gets 1959 Ramon Magsaysay Award in Person after 64 Years: <\/strong>After a 64-year wait, officials of the Ramon Magsaysay Award Foundation personally presented the Dalai Lama with the 1959 Ramon Magsaysay Award at his residence. The award was the first international recognition given to the spiritual leader for his exceptional leadership of the Tibetan community\u2019s courageous fight in safeguarding their sacred religion, which serves as the foundation of their culture and way of life. In August 1959, the Ramon Magsaysay honour Foundation in the Philippines presented the honour. Susanna B Afan, the President of the Ramon Magsaysay Award Foundation, along with Foundation Trustee Emily A Abrera, had the honor of meeting with the Dalai Lama, a Nobel Peace Prize recipient, in person to present the 1959 Ramon Magsaysay Award, 64 years after it was awarded to him.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>According to the Tibetan spiritual leader\u2019s office, his elder brother, Gyalo Thonden, collected the Magsaysay Award on the Dalai Lama\u2019s behalf in Manila, Philippines, in August 1959. The Dalai Lama has lived in India since his exile from Tibet in 1959.<\/p>\n\n\n\n<p><strong>Who is Dalai Lama?<\/strong><\/p>\n\n\n\n<p>The Dalai Lama is the spiritual leader of the Tibetan people and is regarded as one of the most important figures in Tibetan Buddhism. The term \u201cDalai Lama\u201d is derived from the Mongolian word \u201cdalai,\u201d which means \u201cocean,\u201d and the Tibetan word \u201clama,\u201d which means \u201cguru, teacher, or mentor.\u201d The Dalai Lama is believed to be the reincarnation of Avalokiteshvara, the bodhisattva of compassion, and is responsible for leading the Tibetan people in spiritual and secular matters.<\/p>\n\n\n\n<p>The current and 14th Dalai Lama is Tenzin Gyatso, who was born in Tibet in 1935. He was recognized as the Dalai Lama at the age of two and was enthroned in 1950. He fled Tibet in 1959 after a failed uprising against Chinese control and has been living in exile in India ever since. The Dalai Lama is a Nobel Peace Prize laureate and has been a vocal advocate for nonviolence, human rights, and religious harmony throughout his life. He is widely respected and admired for his teachings, wisdom, and compassion, and has followers all over the world.<\/p>\n\n\n\n<p><strong>About the Ramon Magsaysay Award<\/strong><\/p>\n\n\n\n<p>The Ramon Magsaysay Award is an annual award that recognizes individuals and organizations in Asia who demonstrate exceptional courage, integrity, and service to their communities. Established in 1957, the award was named after the late Philippine President Ramon Magsaysay, who was known for his honest leadership and dedication to public service. The Ramon Magsaysay prize Foundation, situated in Manila, Philippines, administers the prize, which is known as the \u201cNobel Prize of Asia.\u201d<\/p>\n\n\n\n<p>The award is given in six categories, namely government service, public service, community leadership, journalism, creative arts, and peace and international understanding. Recipients of the award receive a certificate, a medal, and a cash prize.<\/p>\n\n\n\n<p>The Ramon Magsaysay Award has recognized individuals and organizations from various fields, including social work, education, the arts, and science, among others. The award has grown to be one of Asia\u2019s most prominent honours, helping to raise awareness of the important achievements made by individuals and organisations in promoting social justice, human rights, and democratic principles in the area.<\/p>\n\n\n\n<p><strong>List of Indian recipients of the Ramon Magsaysay Award:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Name<\/td><td>Year of Award<\/td><td>Category<\/td><\/tr><tr><td>Vinoba Bhave<\/td><td>1958<\/td><td>Community Leadership<\/td><\/tr><tr><td>Jayaprakash Narayan<\/td><td>1965<\/td><td>Public Service<\/td><\/tr><tr><td>Mother Teresa<\/td><td>1962<\/td><td>Peace and International Understanding<\/td><\/tr><tr><td>Satyajit Ray<\/td><td>1992<\/td><td>Journalism, Literature, and Creative Communication Arts<\/td><\/tr><tr><td>M.S. Swaminathan<\/td><td>1986<\/td><td>Public Service<\/td><\/tr><tr><td>Arvind Kejriwal<\/td><td>2006<\/td><td>Emergent Leadership<\/td><\/tr><tr><td>Shanta Sinha<\/td><td>2003<\/td><td>Community Leadership<\/td><\/tr><tr><td>Rajendra Singh<\/td><td>2001<\/td><td>Community Leadership<\/td><\/tr><tr><td>Kulandei Francis<\/td><td>2012<\/td><td>Community Leadership<\/td><\/tr><tr><td>Bezwada Wilson<\/td><td>2016<\/td><td>Emergent Leadership<\/td><\/tr><tr><td>Ravish Kumar<\/td><td>2019<\/td><td>Journalism, Literature, and Creative Communication Arts<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/india-pavilion-at-global-education-training-exhibition-inaugurated-at-dubai\/\" target=\"_blank\" rel=\"noreferrer noopener\">India Pavilion At Global Education &amp; Training Exhibition Inaugurated At Dubai<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/India-Pavilion-At-Global-Education-Training-Exhibition-Inaugurated-At-Dubai.jpg\" alt=\"India Pavilion At Global Education &amp; Training Exhibition Inaugurated At Dubai\"\/><\/figure>\n\n\n\n<p><strong>Study in India Pavilion at GETEX 2023: Inauguration and Overview<\/strong>: The \u2018Study in India Pavilion\u2019 at the Global Education &amp; Training Exhibition (GETEX) in Dubai was launched on April 26, 2023 by Dr. Aman Puri, Consul General of India in Dubai. Organized by the Services Export Promotion Council with the support of the Department of Commerce, Ministry of Commerce &amp; Industry, the India Pavilion at GETEX 2023 is being held from 26-28 April 2023 at Dubai World Trade Centre, Dubai, UAE. Over 30 universities and edtech stakeholders from Indian higher education are represented in the pavilion, which spans over 200 square metres.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Indian Institutions Expanding Global Reach:<\/strong><\/p>\n\n\n\n<p>Dr Aman Puri expressed his excitement at the increasing number of Indian institutions expanding their global reach. He also highlighted that India is an ideal destination for students looking to pursue technologies like Data Science and Cybersecurity. This is a positive sign for Indian higher education, as it indicates that Indian universities are becoming increasingly competitive in the international market.<\/p>\n\n\n\n<p><strong>Major Exhibitors in the Pavilion:<\/strong><\/p>\n\n\n\n<p>Major exhibitors in the pavilion include Ajeenkya DY Patil University, B. S. Abdur Rahman Crescent Institute of Science &amp; Technology, Birla Institute of Technology, Board of Open Schooling and Skill Education, Brindavan Group of Institutions, Dome Technical Information Pt Ltd, Dr. D. Y Patil Vidyapeeth (Deemed to be University), Dr. Vishwanath Karad MIT World Peace University, EdCIL, Ganpat University, Janikk International, Kumaraguru Institutions, Marwadi Education Foundation, MW Global Academy Pt Ltd, NIRMA University, NITTE Meenakshi Institute of Technology, Pandit Deen Dayal University, Pimpri Chinchwad Education Trust, Sandip University, Sharda University, SRM University, Symbiosis International University, Tata Institute of Social Sciences, and a few others. These institutions are well-known for academic brilliance, and their participation in this event demonstrates their dedication to promote Indian higher education in the international market.<\/p>\n\n\n\n<p><strong>GETEX: An Efficient Platform for Educational Institutions:<\/strong><\/p>\n\n\n\n<p>The Global Education &amp; Training Exhibition (GETEX), a leading education fair in the region for over 30 years, provides an efficient platform for educational institutions to meet their enrollment quotas and admission targets. Every year, the show attracts over 25,000 local and international students who are actively seeking higher education, professional growth, and training options. The India Pavilion at GETEX 2023 serves as an opportunity to engage with the target audience and enhance marketing awareness for the exhibitors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/pm-inaugurates-6th-edition-of-one-earth-one-health\/\" target=\"_blank\" rel=\"noreferrer noopener\">PM inaugurates 6th Edition of One Earth One Health<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/PM-inaugurates-6th-Edition-of-One-Earth-One-Health.jpg\" alt=\"PM inaugurates 6th Edition of One Earth One Health\"\/><\/figure>\n\n\n\n<p><strong>PM Modi Inaugurates One Earth One Health \u2013 Advantage Healthcare India \u2013 2023 Conference<\/strong><\/p>\n\n\n\n<p><strong>PM inaugurates 6th Edition of One Earth One Health:<\/strong> Prime Minister Narendra Modi used video conferencing to inaugurate and address the One Earth One Health \u2013 Advantage Healthcare India \u2013 2023 conference at Pragati Maidan in New Delhi. The conference was attended by health ministers from across the world, as well as delegates from West Asia, SAARC, ASEAN, and African regions. In his address, PM Modi emphasized the importance of holistic healthcare and a healthy ecosystem for human well-being.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>One Earth One Health \u2013 The Importance of a Healthy Ecosystem:<\/strong><\/p>\n\n\n\n<p>PM Modi underlined that One Earth One Health adheres to the same set of ideas and is an example of such thought in action. The vision extends to the whole ecosystem, including plants, animals, soil, and rivers, emphasizing that when everything around us is healthy, we can be healthy too. This holistic approach to healthcare is important for the well-being of individuals and the planet as a whole.<\/p>\n\n\n\n<p><strong>India\u2019s Vision for Resilient Global Healthcare Systems:<\/strong><\/p>\n\n\n\n<p>PM Modi highlighted India\u2019s journey of the G20 presidency with the theme \u2018One Earth, One Family, One Future.\u2019 He realized the importance of resilient global healthcare systems in fulfilling this vision. Medical significance Travel and health worker mobility are critical components of a healthy planet, and the One Earth One Health \u2013 Advantage Healthcare India 2023 conference is an important step in that direction. Today\u2019s occasion resonates with India\u2019s G20 presidency theme, with participation from numerous countries.<\/p>\n\n\n\n<p><strong>India\u2019s Strength in Holistic Healthcare:<\/strong><\/p>\n\n\n\n<p>PM Modi acknowledged India\u2019s talent, technology, track record, and tradition in holistic healthcare. Indian doctors, nurses, and caregivers are widely respected for their competence, commitment, and talent, and healthcare systems across the world have benefited from their expertise.<\/p>\n\n\n\n<p><strong>Pandemic and Global Health:<\/strong><\/p>\n\n\n\n<p>The Prime Minister also shed light on the once-in-a-century pandemic that reminded the world of several truths, including the fact that borders cannot stop health threats in a deeply connected world. Countries in the Global South faced numerous difficulties and hardships, including the denial of resources. True progress is people-centric, and access to healthcare must be assured to the last person at the last mile. The Prime Minister observed the need of many nations for a trusted partner in the healthcare domain, and India is proud to have been a partner to many nations in the noble mission of saving lives through vaccines and medicines.<\/p>\n\n\n\n<p><strong>India\u2019s Commitment to Global Health:<\/strong><\/p>\n\n\n\n<p>PM Modi highlighted India\u2019s commitment to global health, pointing to examples of Made-In-India vaccines, the world\u2019s largest and fastest COVID-19 vaccination drive, and shipping 300 million doses of COVID-19 vaccines to over 100 countries. This effort showed a glimpse of India\u2019s capability and commitment, and the nation will continue to be a trusted friend to every nation that seeks good health for its citizens.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/international-girls-in-ict-day-2023-27th-april\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Girls in ICT Day 2023: 27th April<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/International-Girls-in-ICT-Day-2023.jpg\" alt=\"International Girls in ICT Day 2023: 27th April\"\/><\/figure>\n\n\n\n<p><strong>International Girls in ICT Day 2023:<\/strong> International Girls in ICT Day is an annual event held on April 4th to promote and empower girls and young women to explore and pursue jobs in the field of Information and Communication Technology (ICT). This day helps to promote gender equality and diversity in the field of Information and Communication Technology (ICT). It raises awareness about the gender gap in the tech industry and inspires women to consider careers in ICT.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>This year\u2019s theme is \u201cDigital Skills for Life,\u201d and it will be observed on April 27. Despite the importance of ICT in our lives, the International Telecommunication Union (ITU) reports that only a small fraction of women worldwide pursue further education in ICT-related professions.<\/p>\n\n\n\n<p><strong>International Girls in ICT Day 2023: History<\/strong><\/p>\n\n\n\n<p>International Girls in ICT Day was declared by the International Telecommunication Union (ITU) on April 8, 2011, to encourage women to pursue careers in information and communication technologies. Since its establishment, the Day has been honoured globally, with over 11,400 activities held in 171 countries and over 3,77,000 girls and young women participating.<\/p>\n\n\n\n<p>Governments, ICT regulatory bodies, businesses, academic institutions, UN agencies, and NGOs support the event, which provides opportunities for girls to learn about ICT, meet role models and mentors, and explore various career paths in the industry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/pankaj-singh-elected-unopposed-as-cycling-federation-president\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pankaj Singh elected unopposed as cycling federation president<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/Pankaj-Singh-elected-unopposed-as-cycling-federation-president.jpg\" alt=\"Pankaj Singh elected unopposed as cycling federation president\"\/><\/figure>\n\n\n\n<p><strong>Pankaj Singh elected unopposed as cycling federation president: <\/strong>Pankaj Singh, the BJP MLA from Noida and son of Union Defence Minister Rajnath Singh, has been elected unopposed as Cycling Federation of India (CFI) president in the Annual General Body meeting in Nainital. Maninder Pal Singh was elected as secretary general for the second consecutive term&nbsp; while Sudeesh Kumar of Kerala was elected as the treasurer. Twenty six states and boards affiliated to CFI participated in the AGM.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Two members were chosen from Uttar Pradesh, Delhi, Haryana, Uttarakhand, Gujarat, Kerala, and Telangana, while one member was elected from Chandigarh, Madhya Pradesh, Maharashtra, Jammu &amp; Kashmir, Jharkhand, Bihar, Tamilnadu, Orissa, Himachal Pradesh, and Andaman &amp; Nicobar.<\/p>\n\n\n\n<p><strong>About the Cycling Federation of India (CFI):<\/strong><\/p>\n\n\n\n<p>The Cycling Federation of India (CFI) is the national governing body for the sport of cycling in India. It is responsible for promoting, developing, and regulating cycling activities in the country. The CFI was founded in 1946 and is recognised by the Union Cycliste Internationale (UCI), the sport\u2019s global governing body.<\/p>\n\n\n\n<p>The CFI organizes various national and international cycling events, including road races, track cycling, mountain biking, and BMX events. It also oversees the selection and training of Indian cyclists for major international competitions, such as the Olympics, Asian Games, Commonwealth Games, and World Championships.<\/p>\n\n\n\n<p>The CFI is linked with a variety of state organisations, clubs, and cycling teams across the country. It also collaborates closely with government agencies, business organisations, and other national and international sporting organisations to promote and develop cycling in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/pm-to-inaugurate-national-games-in-oct-goa-cm\/\" target=\"_blank\" rel=\"noreferrer noopener\">PM to inaugurate national games in Oct: Goa CM<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/PM-to-inaugurate-national-games-in-Oct.jpg\" alt=\"PM to inaugurate national games in Oct: Goa CM\"\/><\/figure>\n\n\n\n<p><strong>PM Modi to Inaugurate National Games in Goa in October 2023: Chief Minister<\/strong>: Goa Chief Minister Pramod Sawant announced that Prime Minister Narendra Modi will inaugurate the National Games in Goa in October 2023. The statement came following a meeting between Sawant, State Sports Minister Govind Gaude, and Indian Olympic Association chairperson PT Usha to discuss event preparations.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Inauguration Date and Venue:<\/strong><\/p>\n\n\n\n<p>According to Sawant, the inauguration ceremony is tentatively scheduled for October 23 or 24, depending on the Prime Minister\u2019s availability. The event will take place in the Jawaharlal Nehru Stadium in Fatorda, South Goa.<\/p>\n\n\n\n<p><strong>Games Schedule:<\/strong><\/p>\n\n\n\n<p>The National Games will begin on the day of the inauguration and continue until November 10, 2023. The event is expected to showcase some of the best sporting talent from across the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/hari-hara-mishra-takes-charge-as-ceo-of-association-of-asset-reconstruction-companies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hari Hara Mishra takes charge as CEO of Association of Asset Reconstruction Companies<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/Hari-Hara-Mishra-takes-charge-as-CEO-of-Association-of-Asset-Reconstruction-Companies.jpg\" alt=\"Hari Hara Mishra takes charge as CEO of Association of Asset Reconstruction Companies\"\/><\/figure>\n\n\n\n<p><strong>Hari Hara Mishra takes charge as CEO of Association of Asset Reconstruction Companies:<\/strong> Hari Hara Mishra has been appointed as the new Chief Executive Officer (CEO) of the Association of Asset Reconstruction Companies (ARCs). The ARCs, which have been operational for over eight years, are the voice of all Asset Reconstruction Companies in India. There are now 28 ARCs registered with the Reserve Bank of India.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Mishra\u2019s Background:<\/strong><\/p>\n\n\n\n<p>Hari Hara Mishra is an experienced professional in the field of asset reconstruction. He began his career with the State Bank of India in 1982 and worked there until 2004. Since then, he has held different executive and director-level positions in the asset reconstruction sector.<\/p>\n\n\n\n<p><strong>His New Role:<\/strong><\/p>\n\n\n\n<p>As the new CEO of the Association of Asset Reconstruction Companies, Mishra will lead the organization and represent the interests of its member companies. He will collaborate closely with the Reserve Bank of India and other regulatory entities to ensure that the ARCs continue to comply with all applicable laws and regulations. Asset Reconstruction Companies (ARCs) are financial institutions that specialize in the acquisition and resolution of non-performing assets (NPAs). NPAs are loans and other financial assets that are in default, or in danger of default, and are considered a major problem for banks and other financial institutions.<\/p>\n\n\n\n<p><strong>About Asset Reconstruction Companies (ARCs):<\/strong><\/p>\n\n\n\n<p>The primary objective of ARCs is to acquire NPAs from banks and other financial institutions at a discount, with the aim of recovering as much of the outstanding amount as possible through resolution or restructuring. ARCs have become an increasingly essential feature of the Indian financial system, since they help to clean up banks\u2019 balance sheets, free up capital for new lending, and facilitate the resolution of stressed assets in the economy.<\/p>\n\n\n\n<p>In India, the first ARC was set up in 2003, and since then, the number of ARCs has grown steadily. There are currently 28 ARCs registered with the Reserve Bank of India, and they play an important role in the Indian financial system by helping to resolve stressed assets and support economic growth. The Association of Asset Reconstruction Companies (ARCs) is the industry body that represents all ARCs in India and works towards promoting the interests of the sector.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/sharjah-stadium-stand-named-after-sachin-tendulkar-on-his-50th-birthday\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sharjah stadium stand named after Sachin Tendulkar on his 50th birthday<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/Sharjah-stadium-stand-named-after-Sachin-Tendulkar-on-his-50th-birthday.jpg\" alt=\"Sharjah stadium stand named after Sachin Tendulkar on his 50th birthday\"\/><\/figure>\n\n\n\n<p><strong>Sharjah stadium stand named after Sachin Tendulkar on his 50th birthday:<\/strong> In honor of Sachin Tendulkar\u2019s 50th birthday, the West Stand at the renowned Sharjah cricket stadium has been renamed as the \u2018Sachin Tendulkar Stand.\u2019 On Monday, a special ceremony was held to commemorate not only the batting legend\u2019s birthday, but also the 25th anniversary of his remarkable performance of scoring back-to-back centuries against Australia in 1998, known as the \u2018Desert Storm,\u2019 in front of a packed stadium.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Sachin performance in Sharjah cricket stadium<\/strong><\/p>\n\n\n\n<p>Sachin Tendulkar\u2019s outstanding performance in the final match of the Coca-Cola Cup, a triangular series between India, Australia, and New Zealand, held on April 22 and 24, 1998, is widely recognized as the \u2018Desert Storm\u2019. In these two encounters, he scored 143 and 134 points, which went down in history. Tendulkar has amassed 49 centuries in One Day Internationals (ODIs) across 34 stadiums, but his extraordinary performance at the Sharjah Cricket Stadium, when he scored the double hundreds in April 1998, remains a memorable and celebrated feat among his admirers worldwide.<\/p>\n\n\n\n<p><strong>About the Sharjah Cricket Stadium<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Sharjah Cricket Stadium is a popular cricket stadium located in the emirate of Sharjah in the United Arab Emirates (UAE). It is one of the oldest cricket stadiums in the region, having been built in 1982. The stadium seats around 27,000 spectators and has held numerous international cricket matches, including One Day Internationals (ODIs), Test matches, and Twenty20 Internationals (T20Is).<\/li>\n\n\n\n<li>The stadium is well-known for its unique floodlights, which were installed in 1996 and were the first of their kind in the world. The stadium has also been awarded the Guinness World Record for hosting the most number of ODIs, with a total of 244 matches being played at the venue.<\/li>\n\n\n\n<li>Over the years, the Sharjah Cricket Stadium has witnessed many historic moments in cricketing history, with some of the most notable ones being Sachin Tendulkar\u2019s \u201cDesert Storm\u201d innings of back-to-back centuries against Australia in 1998 and Javed Miandad\u2019s last-ball six off Chetan Sharma to secure a win for Pakistan against India in 1986. The stadium remains a popular venue for cricket matches, with many high-profile matches, including IPL games and Asia Cup finals, being played there.<\/li>\n\n\n\n<li>The Sharjah Cricket Stadium holds the Guinness World Record for hosting the most One-Day Internationals (ODIs), with a total of 244 matches played there. It has witnessed some of the most memorable moments in cricketing history over the years.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/sbi-fourth-startup-branch-opens-in-mumbai-bkc\/\" target=\"_blank\" rel=\"noreferrer noopener\">SBI fourth startup branch opens in Mumbai BKC<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/SBI-fourth-startup-branch-opens-in-Mumbai-BKC.jpg\" alt=\"SBI fourth startup branch opens in Mumbai BKC\"\/><\/figure>\n\n\n\n<p><strong>SBI fourth startup branch opens in Mumbai BKC:<\/strong> The&nbsp;State Bank of India (SBI)&nbsp;has opened an exclusive branch for&nbsp;startups at the Bandra Kurla Complex in Mumbai. This is the&nbsp;fourth startup-focused branch, after Bengaluru, Chennai, and Gurugram.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><br><br>In Mumbai, the bank has entered into multiple MoU with the Society for Innovation &amp; Entrepreneurship at IIT-Bombay, Centre for Incubation and Business Acceleration, and S.P Jain Institute of Management &amp; Research<br><br>Aim of MoU: To boost the startup ecosystem in the region<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/drdo-organizes-conference-on-optimising-human-capital-of-armed-forces\/\" target=\"_blank\" rel=\"noreferrer noopener\">DRDO organizes Conference on Optimising Human Capital of Armed Forces<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2023\/04\/DRDO-organizes-Conference-on-Optimising-Human-Capital-of-Armed-Forces.jpg\" alt=\"DRDO organizes Conference on Optimising Human Capital of Armed Forces\"\/><\/figure>\n\n\n\n<p><strong>DRDO organizes Conference on Optimising Human Capital of Armed Forces:<\/strong> The&nbsp;Defence Institute of Psychological Research (DIPR), a Delhi-based laboratory DRDO, has&nbsp;organized&nbsp;a four-day&nbsp;International Conference on \u2018Optimising Human Capital of Armed Forces: Psychological Perspective\u2019&nbsp;in Delhi on April 25, 2023.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><br><br>Aim:&nbsp;To deliberate recent advances, emerging trends, and challenges of psychology with respect to the human capital of the Armed Forces upon world over<br><br>The conference has&nbsp;participation from the three Services, DRDO labs, and academia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Current Affairs\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0Daily Current Affairs 27 April\u00a02023,\u00a0we have tried to cover each and every point and also included all important facts from [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":132987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5010],"tags":[1476],"offerexpiration":[],"class_list":["post-132986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2023","tag-daily-current-affairs-quiz"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=132986"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132986\/revisions"}],"predecessor-version":[{"id":132988,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132986\/revisions\/132988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/132987"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=132986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=132986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=132986"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=132986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}