Daily Current Affairs For UPSC IAS Prelims, 3 April 2023 Current Affairs For Civil Services

Daily Current Affairs For UPSC IAS Prelims 3 April 2023: We bring to you ”Daily Current Affairs For UPSC IAS Prelims” based on the principle of updating UPSC CSE aspirants with Most Important Daily Current Affairs For Civil Services. These Daily Current Affairs are prepared by our team in Bit Form/Abridged Form to save the precious time of UPSC Aspirants without compromising the quality. In Today’s Daily Current Affairs For UPSC IAS Prelims, 3 April 2023, we are covering below mentioned topics.

Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX)

Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX) in News

Recently, Shri Narendra Modi, the Prime Minister, has expressed his satisfaction over ISRO’s successful execution of the Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX).

Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX)

The successful execution of the Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX) took place at the Aeronautical Test Range (ATR) in Chitradurga, Karnataka.

• ISRO conducted Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX) test successfully with active the participation of DRDO and Indian Air Force.
• ISRO’s recent experiment with the RLV marks the second instance of such a test, almost seven years after the successful technology demonstration of the RLV-TD (HEX) mission, which was also conducted by ISRO on May 23, 2016.

RLV LEX Significance

The RLV successfully carried out approach and landing maneuvers utilizing the Integrated Navigation, Guidance, and Control system, ultimately achieving an autonomous landing on the ATR airstrip. This accomplishment by ISRO marks the successful autonomous landing of a space vehicle.

• ISRO’s recent completion of the Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX) marks the second out of five tests aimed at developing space planes/shuttles known as RLVs.
• These shuttles will have the capability to transport payloads to low earth orbits and return to earth, and the success of this mission brings ISRO closer to achieving this goal.

G20 Employment Working Group (EWG)

G20 Employment Working Group in News

The Second Meeting of the G20 Employment Working Group (EWG) during India’s G20 Presidency is scheduled to take place from 3^rd April to 5^th April 2023.

2^nd G20 Employment Working Group (EWG)

The 2^nd G20 Employment Working Group (EWG) Meeting is a step in right direction towards building consensus on the outcomes of the 3 key priority areas for EWG 2023 under the India’s G20 Presidency 2023.

• Priority Areas: The three areas under G20 Employment Working Group (EWG) underG20 India are-
  • Addressing Global Skill Gaps
  • Gig and Platform Economy, and Social Protection
  • Sustainable Financing of Social Protection.
• Participation: 2^nd G20 EWG Meeting will bring together a total of 72 delegates representing 19 member countries of the G20, 7 guest countries, and 5 international organizations.
• Venue: 2nd G20 Employment Working Group (EWG) 2023 is being organized in the city of Guwahati, Assam from April 03 to 05, 2023.

G20 EWG 2023 Activities and Focus Areas

The three day G20 Employment Working Group (EWG) 2023 will focus on following activities-

• On the first day of the G20 EWG meeting, various sessions will be held, each focusing on the different priority areas identified, such as those led by-
  • Education Working Group,
  • Digital Economy Working Group,
  • Finance Track,
  • G20 Entrepreneurship Research Centre, as well as
  • L20 and B20 Chairs.
• Throughout the second day of the EWG meeting, discussions will center on the Ministerial Communique and the outcome documents, with the ultimate goal of reaching a consensus.
  • As a vital component in shaping the future direction of the global economy, the communique will be instrumental in guiding the G20 nations’ actions.
• In addition to the discussions and sessions, the three-day G20 EWG meeting will also feature events designed to showcase the cultural heritage of Assam.

Mahila Samman Savings Certificates

Mahila Samman Savings Certificates in News

The Ministry of Finance has recently released Gazette Notifications pertaining to the Mahila Samman Savings Certificates for 2023, which are now available at 1.59 lakh post offices with immediate effect.

Mahila Samman Savings Certificates

As a tribute to ‘Azadi Ka Amrit Mahotsav,’ the Union Finance Minister announced the Mahila Samman Savings Certificates scheme during the 2023-24 Budget.

• Tenure: The Mahila Samman Savings Certificates scheme has a two-year tenure. Mahila Samman Savings Certificates scheme will be in effect until March 31, 2025.
• Interest rates: Mahila Samman Savings Certificates provides an appealing fixed interest rate of 7.5 percent compounded quarterly, along with flexible investment options and partial withdrawal choices, subject to a maximum limit of ₹ two lakh.

Mahila Samman Savings Certificates Scheme Significance

The implementation of these measures will greatly benefit customers who utilize post office small savings services.

• The scheme will likely attract more investments in these schemes, particularly in rural regions and among various sections of society such as girls, women, farmers, artisans, senior citizens, factory workers, government employees, and small traders.
• The Mahila Samman Savings Certificates initiative is a crucial step in promoting financial inclusion and empowering women, including young girls.

Daily Current Affairs For UPSC IAS Prelims, 31 March 2023 Current Affairs For Civil Services

Daily Current Affairs For UPSC IAS Prelims, 31 March 2023 Current Affairs For Civil Services

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