1st May 2023 – Daily Current Affairs Questions for UPSC Prelims Exams
Which company Overtakes Infosys to become India’s Sixth Most Valuable Company?
Answer:- ITC
- ITC surpasses Infosys to become India’s sixth most valuable company
- ITC’s market capitalization reaches Rs 5.11 lakh crore
- ITC’s share price has risen 59% over the past year
- Infosys shares have fallen by 20% in 2023
- ITC needs to outperform HUL to become the fifth most valuable company
- Analysts are optimistic about ITC’s future performance
Which IIT Institute SHUNYA Takes Second Place in Solar Decathlon Build Challenge in the US?
Answer: IIT Bombay
- The SHUNYA team was the sole representative from India in the contest, which featured 32 teams from around the world.
- The team constructed a zero-energy house that was designed to tackle air pollution issues in Mumbai’s hot and humid climate.
- The house has a 14-kW solar PV plant and an innovative in-house automation system that manages a dehumidifier system created specifically for the weather patterns of coastal areas.
- The SHUNYA team was awarded second place in the competition for their innovative design and their commitment to sustainability.
- The house is made from locally sourced materials, including bamboo, mud, and stone.
- The house has a rainwater harvesting system and a greywater recycling system.
- The house is designed to be energy-efficient, with features such as passive solar design and natural ventilation.
- The SHUNYA house is a model for sustainable living, and it demonstrates the potential for innovative design to address the challenges of climate change and pollution.
Recently who has appointed as Chairman of LIC Until June 2024?
Answer: Siddhartha Mohanty
- **Siddhartha Mohanty appointed as first CEO of LIC**
- The government has appointed Siddhartha Mohanty as the first chief executive officer (CEO) of the Life Insurance Corporation of India (LIC). Mohanty, a veteran of the company, has been serving as its interim chairman since March.
- Mohanty joined LIC as a trainee officer in 1985 and has held various positions in the company, including chief operating officer and CEO of LIC Housing Finance Ltd, senior divisional manager in Raipur and Cuttack, and chief in legal and investment monitoring and accounting.
- LIC is the largest financial institution in India, with assets worth more than Rs 44.35 trillion as of December 2022. It has three managing directors, M Jagannath, Tablesh Pandey, and Mini Ipe.
- The Appointment Committee of Cabinet has also approved the selection of Bishnu Charan Patnaik, who was previously the managing director of LIC, to become the whole-time member (life) of the Insurance Regulatory and Development Authority of India (IRDAI). Patnaik will assume the post from the date of his appointment until he reaches the age of 62.
- Hari Hara Mishra has taken charge as the CEO of the Association of Asset Reconstruction Companies of India (ARCIL). Mishra was previously the managing director and CEO of Edelweiss Asset Reconstruction Company Ltd.
- These appointments are part of the government’s efforts to strengthen the financial sector in India.
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