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31 January 2023
By GyanOk

Daily Current Affairs Notes for 31 January 2023

Air Marshal A.P. Singh to be new Vice Chief of Indian Air Force

Air Marshal A P Singh has been appointed as the new Vice Chief of the Indian Air Force. He will succeed Air Marshal Sandeep Singh, who will retire from service.

Indian Air Force

Air Marshal A P Singh has been named as the new Vice Chief of the Indian Air Force, succeeding Air Marshal Sandeep Singh who is retiring. Singh, who is currently serving as the Air Officer Commanding-in-Chief of the Central Air Command, will take the position on February 1, 2023. He was commissioned into the IAF's fighter stream in December 1984.

Career and Experience of Air Marshal A P Singh

Air Marshal A P Singh is a graduate of National Defence Academy, Defence Services Staff College, and National Defence College. He is a Qualified Flying Instructor and Experimental Test Pilot with over 4,900 hours of flight time on various fixed-wing and rotary-wing aircraft. He has served as a Flight Commander and Commanding Officer of a MiG 27 squadron and Air Officer Commanding of an air base. He has experience as a test pilot in Aircraft and System Testing Establishment and led the MiG 29 Upgrade Project Management Team in Moscow, Russia. He was also Project Director (Flight Test) at National Flight Test Centre, responsible for the flight testing of Light Combat Aircraft Tejas and Air Defence Commander at South Western Air Command. Before serving as Air Officer Commanding-in-Chief of Central Air Command, he was Senior Air Staff Officer at Eastern Air Command.

Murali Vijay Announces Retirement From All Forms Of International Cricket

Veteran India opener Murali Vijay has announced his retirement from all forms of international cricket. He last played for India in December 2018 during the Border-Gavaskar Test series.

Murali Vijay retired from international cricket (Tests, ODIs, and T20Is) after appearing in 61 Tests, 17 ODIs and 9 T20Is for India. He scored 3982 Test runs with 12 centuries, 339 ODI runs with one half-century, and 169 T20I runs.

In addition to international cricket, Murali Vijay also played 135 first-class and 94 List A cricket matches for Tamil Nadu, with his last appearance in late 2019. He scored 2619 runs in 106 IPL matches, winning two titles with Chennai Super Kings in 2010 and 2014, with two centuries and 13 fifties, and last appeared in September 2020.

Recently retired cricketers:

This is a list of international cricketers and their respective formats:

Farhaan Behardien (South Africa) - International Cricket
Ben Stokes (England) - One Day International Cricket
Dinesh Ramdin (West Indies) - International Cricket
Tamim Iqbal (Bangladesh) - T20 International
Lendl Simmons (West Indies) - International Cricket
Eoin Morgan (England) - International Cricket
Mohammad Hafeez (Pakistan) - International Cricket
Ross Taylor (New Zealand) - International Cricket
Tim Bresnam (England) - All Form of Cricket
Danushka Gunathilaka (Sri Lanka) - Test Cricket
Chris Morris (South Africa) - All Form of Cricket
Suranga Lakmal (Sri Lanka) - International Cricket
Kieron Pollard (West Indies) - International Cricket
Hamish Bennett (New Zealand) - All Form of Cricket
Rahul Sharma (India) - International Cricket

Economic Survey: Meaning, Importance and Highlights

The Economic Survey is a flagship annual document which reviews the state of the Indian economy. The survey is tabled in Parliament a day before the presentation of the budget.

The Economic Survey is a comprehensive analysis of the Indian economy. The document provides a broad overview of the economy and highlights key trends, challenges, and prospects for the future. It is prepared by the Ministry of Finance and presents an objective assessment of the economy's performance, including important indicators like Gross Domestic Product (GDP), inflation, employment, and exports. The survey is not legally binding and serves only as a reference for policy makers and stakeholders in the government and private sectors.

Significance of Economic Survey:

The Economic Survey is a comprehensive document that provides an overview of the Indian economy. It covers a wide range of topics, including agriculture, manufacturing, employment, infrastructure, prices, exports, imports, foreign exchange reserves, money supply, etc. It also highlights the government's policy initiatives and reviews the performance of various development programs. The survey projects the Gross Domestic Product (GDP) growth and provides insights into the economic outlook for the country. It also identifies the quality of policy responses required to address the current economic situation.

Why is it presented before the Budget:

The survey also helps in highlighting the challenges facing the economy and suggests possible solutions, which in turn assists the government in formulating its policies and budget proposals. It provides an opportunity for stakeholders to get a better understanding of the economic situation and the policy measures that may be implemented to address them.

History of Economic Survey:

The first economic survey was released in the financial year (FY) 1950-51. For the next 14 years, it was presented along with the Union Budget. Starting from 1964, it has been released a day before the budget session in the parliament. The survey provides a detailed analysis of the previous financial year's economic developments and sets the context for the budget. It provides key inputs for the budget-making process and helps in better understanding of the budget proposals.

Who prepares the Economic Survey:

The Economic Survey is a collaborative effort between the Ministry of Finance, Chief Economic Adviser, and other senior officials to provide an overview of the Indian economy. The final version is reviewed by the Finance Secretary and approved by the Finance Minister before being presented to the Parliament.

Dr V Anantha Nageswaran as Chief Economic Advisor :

Dr V Anantha Nageswaran is the current Chief Economic Advisor (CEA) of India. He assumed charge after KV Subramanian announced his return to academia following the completion of his three-year term on December 17, 2021. Prior to this appointment, Nageswaran has worked as a writer, author, teacher, and consultant. He has taught at several business schools and institutes of management in India and in Singapore and has published extensively.

Dr. V Anantha Nageswaran is a well-rounded individual with a background in academia and professional experience in the field of economics. He has held positions as Dean of the IFMR Graduate School of Business and Visiting Professor of Economics at Krea University, and has been a part-time member of the PM's Economic Advisory Council. He holds advanced degrees in management and economics from the Indian Institute of Management, Ahmedabad and the University of Massachusetts in Amherst.