Goaltide Daily Current Affairs 2023
Current Affair 1:
DEXA Test: BCCI
The Board of Control for Cricket in India (BCCI) has introduced a new fitness parameter, the DEXA test, to the cricketers’ selection process in the senior men’s team.
Dual-energy X-ray absorptiometry tests or DEXA scans help to measure body fat percentage, lean muscle mass, water content, and bone density of the person.
The DEXA test has been introduced alongside the Yo-Yo test. With both these tests the fitness benchmark of the players is going to be very challenging.
As per the reports, the BCCI will also keep a close look at the fitness of injury-prone players.
"The issues of player availability, workload management and fitness parameters were also discussed at length during the meeting along with the roadmap to the ICC Cricket World Cup 2023," said BCCI in a release.
Why has DEXA been introduced in Indian cricket?
An array of injuries in 2022 disrupted Team India’s campaign in the Asia Cup, ICC Men’s T20 World Cup and other major series. The introduction of the DEXA test aims to stop the flurry of injuries to the players.
Workload management has also been an issue for the BCCI. Considering the advanced technology in the new DEXA test, it will provide the selection committee with handy information regarding the players’ fitness.
The Yo-Yo test is an aerobic endurance fitness test that involves running between markers placed 20 metres apart at increasing speeds. The test was introduced during Virat Kohli’s tenure as India’s captain and the passing score initially was 16.1 before it was increased to 16.5.
Current Affair 2:
Supreme Court Verdict on Demonetisation Case
The Supreme Court Constitution Bench has upheld by 4:1 majority the decision taken by the Union Government six years ago to demonetise the currency notes of Rs. 500 and Rs.1000 denominations.
The majority held that Centre’s notification dated November 8, 2016 is valid and satisfies the test of proportionality.
Justice BV Nagarathna in her dissenting view held that though demonetization was well-intentioned and well thought of, it has to be declared unlawful on legal grounds (and not on the basis of objects).
Few statements in support:
The bench further held that Section 26(2) RBI Act, which empowers Centre to demonetize any series of bank notes of any denomination, can be used to demonetize the whole series of currency.
What dissenting judgement said:
What is section 26(2)?
The dissenting judge said:
This is enough for you. Remember this. You can add in your Mains too.
Current Affair 3:
In 1928, B. R. Ambedkar had led the first commemoration ceremony. Since then, every year on January 1, Ambedkarites gather at Bhima Koregaon to celebrate their victory against the upper caste Peshwa regime of the Maratha Empire, whom they see as their oppressors.
The Battle of Koregaon took place on 1 January 1818 in the village of Koregaon, Maharashtra, between troops of Maratha ruler Baji Rao Peshwa II and 800 troops of the British East India Company.
The soldiers of the East India Company successfully fought the Peshwa troops, preventing them from advancing into Pune. After a 12-hour-long battle, the loss of 600 men, and fearing reinforcements from Pune, Baji Rao II withdrew his troops from Koregaon and gave up his efforts to attack Pune.
Current Affair 4:
Domestic Systemically Important Banks (D-SIBs)
Read introduction to this:
During the recent global financial crisis, it was observed that problems faced by certain large and highly interconnected financial institutions hampered the orderly functioning of the financial system, which in turn, negatively impacted the real economy. Government intervention was considered necessary in many jurisdictions to ensure financial stability. Cost of public sector intervention and consequential increase in moral hazard require that future regulatory policies should aim at reducing the probability of failure of Systemically Important Banks (SIBs) and the impact of the failure of these banks.
In October 2010, the Financial Stability Board (FSB) recommended that all member countries needed to have in place a framework to reduce risks attributable to Systemically Important Financial Institutions (SIFIs) in their jurisdictions.
The Basel Committee on Banking Supervision (BCBS) came out with a framework in November 2011 for identifying the Global Systemically Important Banks (G-SIBs) and the magnitude of additional loss absorbency capital requirements applicable to these G-SIBs. The BCBS further required all member countries to have a regulatory framework to deal with Domestic Systemically Important Banks (D-SIBs).
Which all banks are included as per the recent updated list?
SBI, ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs.
The Reserve Bank had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. Based on data collected from banks as on March 31, 2017, HDFC Bank was also classified as a D-SIB, along with SBI and ICICI Bank. The current update is based on the data collected from banks as on March 31, 2022.<< Previous Next >>