CURRENT AFFAIRS JANUARY 2023

CURRENT AFFAIRS COMPENDIUM – JANUARY 2023

Prepared by: Keshav Malpani and Deeptam Bhadauria
(NLU, Jodhpur)
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JANUARY CURRENT AFFAIRS 2023

I. 80th Golden Globe Awards

II. Davos 2023: World Economic Forum
III. Conferment of 106 Padma Awards
IV. FAO Food price index
V. Indus Water Treaty (IWT): India sends notice for modification
VI. Joshimath ‘Sinking Zone’
VII. JUICE Space Mission of Europe
VIII. Adani Report by Hindenburg
IX. India’s First Green Hydrogen Blending Project
X. Indian Science Congress (ISC)
XI. New Members Join United Nations Security Council
XII. The CJI has announced the launch of the electronic Supreme Court Reports (e-
SCR) project

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I. 80th GOLDEN GLOBE AWARDS

In a line- The 80th Golden Globe Awards were held on Wednesday in Beverly Hills,
California.

Important Points:

• In the motion picture categories, Steven Spielberg’s The Fablemans won

for Best Motion Picture (Drama) and Banshees of Inisherin won for Best
Motion Picture – Musical or Comedy.
• On the television side, HBO’s Game of Thrones prequel House of the
Dragon won for Best TV Series Drama, Kevin Costner won for Best Actor
– Television Series, Drama for Yellowstone, and Abbott Elementary won
for Best Television Series – Musical or Comedy.
• Evan Peters won for Best Actor – Limited Series, Anthology Series or TV
Movie for Dahmer: Monster-The Jeffery Dahmer Story, and Amanda
Seyfried won for Best Actress – Limited Series, Anthology Series or TV
Movie for The Dropout.
• Best Director went to Steven Spielberg for The Fablemans, and Best
Picture Non English went to 1985 from Argentina, while RRR was among
the nominees in the category.
• RRR, directed by SS Rajamouli won the award for Best Original Song for
“Naatu Naatu” out of the two categories it was nominated for. It missed
out on the award for Best Non-English Language Film, which was won by
Argentina’s 1985.

Other Key Points: Benefits and Controversy

• The Awards are accolades bestowed by the Hollywood Foreign Press

Association (HFPA). It started in 1944, recognizing excellence in both
American and international film and television.
• There are 105 members of the HFPA. The eligibility period for the Golden
Globes corresponds to the calendar year (from January 1 through
December 31).

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• Naatu Naatu is the first Asian song to win the Golden Globe honour.
• AR Rahman was the first Indian to win a Golden Globe award in Best Score
category for the film Slumdog Millionaire, a 2008 British drama film by
Danny Boyle.
• HFPA or Hollywood Foreign Press Association is the organisation behind
the awards.
• HFPA is a non-profit outfit made up of journalists and photographers on
the entertainment beat in different media like newspapers, magazines,
books, radio, and TV broadcasting in the United States.
• As the word ‘foreign’ implies, most of the members of HFPA are non -US
citizens. At the time of writing this, HFPA consists of 105 members from
55 countries.

Keyword- HFPA, Foreign, Natu Natu, 1944, Best Original Song, Rajamouli.

Article- https://www.gktoday.in/topic/80th-golden-globe-awards/

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II. WORLD ECONOMIC FORUM 2023

In a line- The 53rd edition of the annual World Economic Forum summit was held in
Davos, Switzerland.

Important Points:

• The 53rd edition of the annual World Economic Forum summit was held
in Davos, Switzerland.
• Theme: Cooperation in a Fragmented World.
• A new Coalition of Trade Ministers on Climate launched, bringing together
over 50 countries to boost international cooperation on climate, trade and
sustainable development.
• Stakeholders across the world stressed the value of free trade. Even in
the current global economic landscape marked by fragmentation, the free
trade system, which has contributed to global economic growth and
enhanced humanity’s freedom remains a global public good that can never
be forsaken.
• The Chief Economist's Outlook was launched, which struck a cautious
tone, with two-thirds of those surveyed expecting a global recession this
year 2023.
• It explores the key trends in the economic environment, including the
prospects for growth, inflation and monetary and fiscal policy.
• It calls for the importance of reskilling in order to prepare current and
future workforces for the green transition, the digital transition and the
jobs of the future.

Other Key Points: Indian Participation

• This year marks 36 years of the Forum’s collaboration with India.

• At the summit, India is represented by a high-level delegation which
includes Union Ministers, Chief Ministers, Business leaders etc.
• India’s focus areas at WEF remained investment opportunities,
infrastructural landscape and its inclusive & sustainable growth story.
• India’s Resilience and Economic Trajectory:

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• India has crossed many barriers after the Covid-19 crisis and repositioned
itself as the fastest-growing economy.
• Some prominent indicators for India to see robust economic growth
include World Bank's latest India development update, which said India's
real GDP growth is expected to be at 6.9 % in FY22-23 in comparison to
8.7 % in FY21-22.

Other Key Points: World Economic Forum

• The World Economic Forum (WEF) is a Swiss non-profit foundation

established in 1971, based in Geneva, Switzerland.
• Recognized by the Swiss authorities as the international institution for
public-private cooperation.
• Committed to improving the state of the world by engaging business,
political, academic, and other leaders of society to shape global, regional,
and industry agendas.
• Founder and Executive Chairman: Klaus Schwab.

Keyword- Davos, Cooperation in a fragmented world, Geneva, 1971.

Article- https://www.drishtiias.com/daily-updates/daily-news-analysis/davos-
summit-2023-wef

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III. PADMA AWARDS 2023

In a line- The Padma awards are announced on 26th January every year.

Important Points:

• The Padma awards are announced every year on the eve of Republic Day.
• A total of 106 Padma Awards with six Padma Vibhushan, nine Padma
Bhushan, and 91 Padma Shri conferred across various categories.
• The awards are presented by the President of India.
• Padma Vibhushan:
o Shri Balkrishna Doshi (Posthumous – Architecture.
o Shri Zakir Hussain- Art.
o Shri S M Krishna- Public Affairs
o Shri Dilip Mahalanabis (Posthumous)- Medicine
o Shri Mulayam Singh Yadav (Posthumous)- Public Affairs
• Padma Bhushan 2023 had 9 awardees.
• Padma Shri had 91 recipients in the year of 2023

Other Key Points: About Padma Awards

• Padma Awards are one of the highest civilian honours of India announced
annually on the eve of Republic Day after the Bharat Ratna.
• The Award seeks to recognize achievements in all fields of activities or
disciplines where an element of public service is involved.
• The total number of awards to be given in a year (excluding posthumous
awards and to NRI/foreigners/OCIs) should not be more than 120.
• The award does not amount to a title and cannot be used as a suffix or
prefix to the awardees’ name.
• Categories: The Awards are given in three categories:
o Padma Vibhushan is awarded for ‘exceptional and distinguished
service;
o Padma Bhushan is awarded for ‘distinguished service of a high
order’; and
o Padma Shri is awarded for ‘distinguished service’.

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Keyword- Vibhushan, Bhushan, Shri, Republic Day, Bharat Ratna, 106.

Article- https://www.nextias.com/current-affairs/27-01-2023/padma-awards-
2023

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IV. FAO FOOD PRICE INDEX

In a line- According to a report released by the United Nations’ Food and Agriculture
Organization (FAO) on January 6, world food prices reached a record high in 2022,
despite experiencing a ninth consecutive monthly fall in December.

Important Points:

• The FAO’s food price index, which tracks international prices of the most
globally traded food commodities, averaged 143.7 points in 2022, marking
a 14.3% increase from 2021 and the highest level since records began in
1990.
• The index had already gained 28% in 2021 from the previous year as the
world economy recovered from the impact of the pandemic.
• In December, the benchmark index fell to 132.4 points, compared with
135.00 points in November. This decline was attributed to a drop in the
international price of vegetable oils, as well as some declines in cereal
and meat prices, but was offset by slight increases in sugar and dairy
prices.
• Despite this month-on-month decrease, four of the FAO’s five food sub-
indexes – cereals, meat, dairy, and vegetable oils – reached record highs
in 2022, while the sugar sub-index hit a 10-year high.

Other Key Points:

• The FAO predicted last year that the rising costs of food imports would
lead poorer countries to reduce the volume of shipped goods.
• The Cereal Price Index, in particular, rose 17.9% in 2022 due to factors
including market disruptions, higher energy and input costs, adverse
weather conditions, and continued strong global food demand.
• Overall, despite experiencing a consecutive monthly fall in December, the
FAO’s food price index reached a record high in 2022, driven by the
conflict in Ukraine and a range of other factors including market
disruptions, higher energy and input costs, adverse weather conditions,
and strong global food demand.

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Keyword- FAO, Food Price Index, UN Food and Agricultural Organisation,

Index.

Article- https://www.gktoday.in/topic/fao-food-price-index/

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V. INDUS WATER TREATY

In a line- India has issued a notice to Pakistan seeking a review and modification of
the Indus Waters Treaty (IWT).

Important Points:

• India has issued a notice to Pakistan seeking a review and modification

of the Indus Waters Treaty (IWT) citing Pakistan’s “intransigence” in
resolving disputes over the Kishanganga and Ratle (on Chenab River)
hydropower projects, both in Jammu and Kashmir.
• The notice was sent after the “contravention of the graded mechanism of
dispute settlement envisaged by Article IX of the IWT.”
• In 2015, Pakistan asked that a Neutral Expert should be appointed to
examine its technical objections to the Kishanganga and Ratle HEPs. But
the following year, Pakistan unilaterally retracted this request, and
proposed that a Court of Arbitration should adjudicate on its objections.
• In August 2016, Pakistan had approached the World Bank seeking the
constitution of a Court of Arbitration under the relevant dispute redressal
provisions of the Treaty.
• Instead of responding to Pakistan’s request for a Court of Arbitration,
India moved a separate application asking for the appointment of a
Neutral Expert.
• India had argued that Pakistan’s request for a Court of Arbitration violated
the graded mechanism of dispute resolution in the Treaty.
• In March 2022, the World Bank decided to resume the process of
appointing a Neutral Expert and a Chairman for the Court of Arbitration.
Other Key Points: What is Indus Water Treaty?

• India and Pakistan signed the IWT in September, 1960 after nine years of
negotiations, with the World Bank being a signatory to the pact.
• The treaty sets out a mechanism for cooperation and information
exchange between the two sides on the use of the water of the Indus
River and its five tributaries Sutlej, Beas, Ravi, Jhelum, and Chenab.

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• The treaty prescribed how water from the six rivers of the Indus River
System would be shared between India and Pakistan.
• It allocated the three western rivers—Indus, Chenab and Jhelum—to
Pakistan for unrestricted use, barring certain non-consumptive,
agricultural and domestic uses by India and the three Eastern rivers —
Ravi, Beas and Sutlej—were allocated to India for unrestricted usage.
• This means that 80% of the share of water went to Pakistan, while leaving
the rest 20% of water for use by India.
• It also required both the countries to establish a Permanent Indus
Commission constituted by permanent commissioners on both sides.
• According to the provisions of the IWT, the Permanent Indus Commission
is required to meet at least once a year.
•

Keyword- 1960, IWT, Permanent Indus Commission, World Bank, Chenab,

Kishanganga Project.

Article- https://www.drishtiias.com/daily-updates/daily-news-analysis/indus-
waters-treaty-1

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VI. JOSHIMATH “SINKING JONE”

In a line- The town of Joshimath in Uttarakhand is witnessing an unprecedented
crisis. Wide Cracks have appeared on the roads and on hundreds of residential
and commercial buildings in the town.

Important Points:

• The town of Joshimath in Uttarakhand is witnessing an unprecedented

crisis. Wide Cracks have appeared on the roads and on hundreds of
residential and commercial buildings in the town.
• Many structures have been declared unsafe, and the residents have been
asked to vacate them. The Authorities have declared Joshimath as a
landslide and subsidence-hit zone.
• The whole town is sinking. While the town is situated in a geologically
unstable region, the major reason for sinking is being attributed to large -
scale development projects being undertaken in the region.
• The Government and its agencies have responded to the crisis through
various measures, yet they are rightly being criticized for long ignoring
the warnings given by various environmental activists and geological
experts about uncontrolled development being undertaken in the region.
• Joshimath is a hilly town located on the Rishikesh-Badrinath National
Highway (NH-7) in Chamoli district of Uttarakhand.
• The city serves as a tourist town as it acts as an overnight rest stop for
people visiting Badrinath, Auli, Valley of Flowers, and Hemkund Sahib,
among other important religious and tourist locations in the state.
• Joshimath is also of great strategic importance to the Indian armed forces
and is home to one of the Army's most important cantonments.

Other Key Points:

• Cracks on walls and buildings were first reported in 2021, as Chamoli

district of Uttarakhand experienced frequent landslides and flooding.

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• As per reports, the Uttarakhand government's expert panel in 2022 found

that several pockets of Joshimath are "sinking" owing to man -made and
natural factors.
• It was found that a gradual settling or sudden sinking of the earth's
surface due to the removal or displacement of subsurface materials — has
induced structural defects and damage in almost all wards of the city.
• Joshimath lies on a deposit of sand and stone, it's not on the main rock.
It lies on an ancient landslide. Experts recommend a complete shutdown
of development and hydroelectric projects in the region.
• But the urgent need is to relocate the residents to a safer place and then
reimagine the town's planning to accommodate the new variables and the
changing geographical factors.
•

Keyword- Joshimath, Land Subsidence, Chamoli, Uttrakhand, Kedarnath 2013.

Article- https://blog.forumias.com/joshimath-crisis-causes-and-solutions-
explained-pointwise/

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VII. JUICE SPACE MISSION

In a line- The JUICE mission will be the first time that the European Space Agency
(ESA) has sent a spacecraft beyond the asteroid belt.

Important Points:

• JUICE stands for Jupiter Icy Moons Explorer. The satellite was developed
by Germany and tested by France.
• JUICE is the first large-class mission in the ESA Cosmic Vision 2015-2025
programme.
• The spacecraft will launch on an Ariane 5 in April 2023 on an eight-year
journey including gravity assist flybys of Earth and Venus before arriving
in the Jupiter system in 2031.
• It will spend at least three years making detailed observations of the giant
gaseous planet Jupiter and three of its largest moons, Ganymede, Callisto
and Europa.
• It will understand if the oceans of these icy moons could have ever been
suitable habitats for life.

Other Key Points:

• The main objective of the mission is to study the microbial life on the icy
moons of the planet
• It will also study the polar regions and the magnetosphere of the planet
• JUICE will enter the orbit of Ganymede to study its composition
• If launched in April 2023, the satellite is expected to enter Jupiter orbit
by 2034
• It will be deorbited in 2035
• Cost of the mission: 1.5 billion Euros
• NASA is to launch this mission in 2024. And the satellite will enter the
giant planet orbit by 2030.
Keyword- JUICE, ESA, NASA, Ariane 5.

Article- https://www.gktoday.in/topic/juice-space-mission-of-europe/

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VIII. ADANI REPORT BY HINDENBERG

In a line- Hindenburg report alleged fraud by its firms, Adani Group says ‘attack on
India’.

Important Points:

• The post is based on the article “Hindenburg report alleged fraud by its firms,
Adani Group says ‘attack on India’”
• Hindenburg Research is a company that specializes in forensic financial
research.
• It especially looks for accounting irregularities; undisclosed related-party
transactions; illegal/ unethical business or financial reporting practices; and
undisclosed regulatory, product, or financial issues in companies.
• Hindenburg Research said its two-year investigation has shown that the Adani
group was involved in massive and “brazen stock manipulation” and an
“accounting fraud scheme”.
• Hindenburg, which has short-selling positions in Adani companies through US-
traded bonds and non-Indian-traded derivative instruments, said key listed
companies in the Adani group had “substantial debt” which has put the entire
group on a “precarious financial footing”.

Other Key Points: About Short Selling

• “Buy low, sell high” is the traditional investment strategy in which one buys a
stock or security at a particular price and then sells it when the price is
higher, thereby booking a profit. This is referred to as a “long position”, and is
based on the view that the price of the stock or security will appreciate with
time.
• Short selling on the other hand is a trading strategy based on the expectation
that the price of the security will fall. While fundamentally it is based on the
“buy low, sell high” approach, the sequence of transactions is reversed in
short selling — to sell high first and buy low later. Also, in short selling, the
trader usually does not own the securities he sells, but merely borrows them.

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• Adani Group has issued a detailed rebuttal to the allegations of stock

manipulation and accounting malpractices levelled by Hindenburg Research. It
has dismissed all allegations and called the Hindenburg report as an attack on
India and its independent institutions.
• Hindenburg was established by Nathan Anderson in 2017. Headquartered in
New York, it has been named after the Hindenburg airship disaster of 1937 to
bring into light the man-made disasters (companies committing fraud to
inflate their share price and the market value).

Keywords- Short Selling, Hindenburg, “Attack on India”, Adani.

Article- https://blog.forumias.com/hindenburg-report-alleged-fraud-by-its-firms-
adani-group-says-attack-on-india/

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IX. INDIA’S FIRST GREEN HYDROGEN BLENDING PROJECT

In a line- NTPC Limited and Gujarat Gas Limited (GGL) have commissioned India’s
first green hydrogen blending project in the piped natural gas (PNG) network of NTPC
Kawas Township, Surat.

Important Points:

• NTPC Limited and Gujarat Gas Limited (GGL) have commissioned India’s first
green hydrogen blending project in the piped natural gas (PNG) network of
NTPC Kawas Township, Surat.
• The project, which aims to supply H2-NG (natural gas) to households in the
Kawas Township, was made possible through the electrolysis of water using
power from a 1 MW floating solar project.
• The first molecule of green hydrogen from the project was set in motion by P.
Ram Prasad, head of the project Kawas, in the presence of other senior
executives of NTPC Kawas and GGL.
• Green hydrogen is produced through the electrolysis of water, using electricity
generated from renewable sources such as solar or wind power. This process
splits water molecules into hydrogen and oxygen, with the hydrogen being
captured and stored for use as a fuel. The oxygen is released into the
atmosphere.
• The main advantage of green hydrogen is that it is a clean, renewable fuel that
can be used to power a variety of applications, including transportation and
electricity generation.
• It also has the potential to play a significant role in the de-carbonization of the
energy sector, as it can be used to replace fossil fuels and reduce greenhouse
gas emissions.

Other Key Points:

• The green hydrogen blending project in Surat is being carried out with the
approval of the Petroleum and Natural Gas Regulatory Board (PNGRB).

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• The regulatory body has given permission for a 5% vol./vol. blending of green
hydrogen with PNG to start with, with the blending level to be gradually
increased to reach 20%.
• The addition of green hydrogen to the natural gas network has a number of
benefits. First and foremost, it reduces CO2 emissions while maintaining the
same net heating content.
• This is an important step in the fight against climate change and will help India
reduce its hydrocarbon import bill while also bringing in foreign exchange
through the export of green hydrogen and green chemicals to the rest of the
world.

Keywords- Hydrogen, PNGRB, GAIL, Kawas Township, Surat.

Article- https://www.gktoday.in/topic/indias-first-green-hydrogen-blending-project/

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X. INDIAN SCIENCE CONGRESS

In a line- 108th session of the India Science Congress (ISC) was inaugurated by the
Prime Minister.

Important Points-

• The event’s theme is ‘Science and Technology for Sustainable

Development with Women’s Empowerment’.
• Increasing participation of women is a reflection of the progress of society
and science.
• Today, the country’s thinking is not only that women should be empowered
through science, but science should also be empowered with the participation
of women.
• Women’s participation in extramural research has doubled over the last eight
years.
• India has been given the opportunity to preside over G20.
• Women-led development is one of the high-priority subjects taken up by the
chair.
• India is now one of the top three countries in the world when it comes to the
number of PhD research works and startup ecosystems.
• The country is now ranked 40th on the Global Innovation Index 2022, up
from the 81st rank in 2015.
• Scientific developments should ultimately make the country Atmanirbhar.

Other key points:

• With a history dating back to 1914, the Science Congress is a one-of-its-kind

event in the country.
• It brings together scientists and researchers not just from the premier
institutions and laboratories but also science teachers and professors from
colleges and universities.
• It offers a platform for their interaction with students and the general public
on matters related to science.

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• It is a celebration of Indian science that has had an illustrious past, with the
who's who of Indian science participating and organizing.
• The first session of the Indian Science Congress was held in 1914.
• Indian Science Congress Association (ISCA) is an independent body
functioning with the support of the Department of Science and Technology
(DST) in the central government.

Keywords- ISCA, 1914, Women Empowerment, 108th, Department of Science and

Technology.

Article- https://www.drishtiias.com/daily-updates/daily-news-analysis/108th-indian-
science-congress

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XI. NEW MEMBERS JOIN UNSC

In a line- On January 3, 2023, 5 new countries started their two-year term as non-
permanent members of the United Nations Security Council

Important Points:

• On January 3, Ecuador, Japan, Malta, Mozambique, and Switzerland officially

began their two-year term as non-permanent members of the United Nations
Security Council.
• The flag installation ceremony, initiated by Kazakhstan in 2018, marked the
start of their responsibilities and was presided over by Kazakhstan’s
permanent representative Akan Rakhmetullin.
• Rakhmetullin expressed confidence that the new council members would
bring a wealth of knowledge and perspective to global issues of peace and
security.
Other Key Points:
• The United Nations Security Council is composed of 15 members, with 5
permanent members (the United States, the United Kingdom, France, Russia,
and China) and 10 non-permanent members.
• The non-permanent members are elected for two-year terms by the UN
General Assembly, with five new members replacing outgoing ones each year.
• In addition to participating in the decision-making process of the Security
Council, non-permanent members also have the opportunity to bring attention
to specific issues and regional concerns.
• The incoming members (Ecuador, Japan, Malta, Mozambique, and
Switzerland) are replacing India, Ireland, Kenya, Mexico, and Norway, whose
two-year terms have now come to an end.
• UNSC has 15 members in total, including the five permanent members
(China, France, Russia, the United Kingdom, and the United States) who have
veto power, and 10 elected members who serve two-year terms.

Keywords- UNSC, Ecuador, Japan, Malta, Mozambique and Switzerland.

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Article- https://www.gktoday.in/topic/new-members-join-united-nations-security-
council/

XII. e-SCR Project

In a line- Electronic Supreme Court Reports (e-SCR) project has been launched to
provide the digital version of the SC’s judgements in the manner as they are reported
in the official law report ‘Supreme Court Reports’.

Important Points-

• Electronic Supreme Court Reports (e-SCR) project has been launched to provide
the digital version of the SC’s judgements in the manner as they are reported
in the official law report ‘Supreme Court Reports’.
• The report aims to provide the entire judgement of SC from inception in 1950
to date.
• The e-Courts Mission Mode Project is a national e-Governance project for
Information and Communication Technology (ICT) enablement of district &
subordinate courts of the country.
• The objective of the project is to provide designated services to litigants,
lawyers and the judiciary through ICT enablement of courts.
• The Supreme Court has developed a search engine with the help of the National
Informatics Centre (NIC), which uses elastic search techniques in the database
of e-SCR.

Other Key Points- About GST

• In addition to the e-SCR project, the CJI also announced that neutral citations
will be introduced in the Supreme Court.
• Neutral citations are standardized legal citations that do not identify the
publisher of a legal document, allowing for impartial and objective referencing.
• These judgments will be available on the Supreme Court’s website, mobile app,
and on the National Judicial Data Grid’s judgment portal.

Keywords- e-SCR, Neutral Citations, National Judicial Data Grid.

Article- https://crackittoday.com/current-affairs/e-scr-project/

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OTHER RELEVANT TOPICS

I. World’s first Palm-leaf Manuscript Museum in Kerala

II. India’s Pranesh M Becomes Youngest Grandmaster at 16
III. Sania Mirza to Retire from Professional Tennis
IV. India is set to deploy female peacekeepers to the UN Mission in Abyei
V. Kerala Becomes Country’s First Fully Digital Banking State
VI. GOI introduced new integrated food security scheme for 2023
VII. Uttarakhand Women Reservation Bill
VIII. Digital India Awards 2022
IX. FIH Men’s Hockey World Cup 2023
X. 2022 : World’s Fifth-Warmest on Record
XI. Skyhawk: India’s first 5G enabled drone
XII. India’s National Green Hydrogen Mission
XIII. Varuna 2023: India-France Bilateral Naval Exercise
XIV. World Population Review
XV. The Bhopal Declaration
XVI. India International Science Festival, 2023
XVII. Chris Hipkins – New Zealand’s Next Prime Minister
XVIII. Aero – India 2023
XIX. DRACO: Nuclear Fission powered Spacecraft of NASA
XX. Competition (Amendment) Bill, 2022.

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